February 28 News: XRP remains resilient in a volatile market, holding steady around $1.41 and maintaining a key range between $1.32 and $1.48. As on-chain activity increases and capital inflows strengthen, market focus centers on “Can XRP break through $1.50?” and “What does the surge in FXRP minting mean?”
On-chain data shows that over 3 million FXRP were minted and deposited into the ecosystem within 24 hours on February 27, significantly boosting DeFi participation. Flare Networks disclosed that 1.3 million FXRP were minted within the first 7 hours. Currently, the total FXRP supply is about 106 million, with approximately 89 million locked in DeFi protocols, representing a locked value of around $126 million and a deployment ratio close to 70%, indicating increased capital utilization and confidence. Transaction activity based on Flare smart accounts via Upshift.fi and Xaman Wallet has notably heated up.
Institutional signals are also positive. On February 26, XRP spot ETF saw a net inflow of $1.22 million, with weekly net inflows reaching $7.53 million, showing continuous accumulation over multiple trading days. The capital flow remains steadily upward, resonating with on-chain expansion and reinforcing XRP’s strategic position in asset allocation.
From a technical perspective, the RSI is near 40 with signs of recovery, and the MACD is approaching neutrality, indicating weakening bearish momentum. If the price effectively breaks through the $1.49–$1.50 resistance zone, the next target could be around $1.80. Driven by themes such as “Growth in XRP DeFi Lockup” and “XRP ETF Capital Flows,” momentum is building, and the bullish structure remains intact.
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