XRP Trades in Range Amid Volatility Driven by U.S.-Iran Tensions

XRP continues to trade within a range-bound channel between $1.30 and $1.45, balancing geopolitical pressures with emerging internal market dynamics. While U.S.-Iran tensions initially drove sharp volatility, including a drop to $1.36 on March 22, new supply-side factors have now taken center stage. Data indicates that XRP supply on Coinbase has reached historical lows as investors withdraw holdings in protest of CLARITY Act delays. Amidst these developments, XRP has slipped down the cryptocurrency market capitalization rankings on CoinGecko, reflecting a decline in its relative market position. The significant outflow of tokens from exchanges is being interpreted by some as a sign of long-term conviction among holders. Consequently, investor focus has shifted from technical indicators like the 200-week EMA toward regulatory-driven activism and liquidity levels.