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$XRP Community Day has put Ripple’s token back in focus as traders look for catalysts amid a fragile market structure.
- $XRP Community Day has refocused attention on the $XRP Ledger’s ecosystem, highlighting developer activity and community engagement rather than delivering a single market-moving announcement.
- $XRP is consolidating near the $1.37–$1.38 support zone, with narrowing Bollinger Bands and a recovering CMF suggesting selling pressure is easing, though upside remains capped below $1.45–$1.50.
- Declining $XRP exchange reserves on Binance point to reduced immediate sell-side supply, offering a supportive backdrop if renewed community-driven interest translates into demand.
The community-led event highlights ecosystem updates, developer activity, and ongoing engagement around the $XRP ($XRP) Ledger. This could help refocus attention on fundamentals after weeks of price weakness.
If you weren’t already excited enough for $XRP Community Day tomorrow…we’re also introducing an exclusive merch drop! @joelkatz sadly wasn’t available to sign a few, so guess folks will have to make do with me 😏
— Brad Garlinghouse (@bgarlinghouse) February 10, 2026
Make sure you tune into $XRP Community Day (hosted on X Spaces via… pic.twitter.com/MqyMidn4NY
While $XRP Community Day is not tied to a single market-moving announcement, it often serves as a sentiment booster, particularly during consolidation phases.
Increased visibility, renewed social engagement, and discussion around XRPL use cases can act as short-term momentum drivers if broader market conditions cooperate.
$XRP price action steadies near key support
$XRP is trading near the $1.37–$1.38 zone at press time, attempting to stabilize after a steady pullback from highs above $1.60 earlier this month.
The price is holding near the middle-to-lower portion of the Bollinger Bands on the daily chart. The bands have started to narrow, signaling reduced volatility following the recent sell-off.
While $XRP is no longer hugging the lower Bollinger Band, indicating that downside momentum has eased, price has struggled to reclaim the mid-band (20-day moving average). As long as $XRP remains below this level, upside attempts are likely to face resistance.
A sustained move above the mid-band would open the door toward the upper band near the $1.45–$1.50 zone.
The Chaikin Money Flow (CMF) remains slightly below the zero line but has turned higher from recent lows, suggesting selling pressure is fading. A move back into positive territory would signal improving capital inflows.
A failure to do so could leave $XRP vulnerable to a retest of support around $1.35, followed by $1.28 on a deeper pullback.
Exchange reserve data hints at supply dynamics
Moreover, CryptoQuant data shows $XRP exchange reserves on Binance have declined recently, suggesting fewer tokens are being held on exchanges.
This trend typically points to reduced immediate sell-side pressure, as more $XRP moves into private wallets rather than remaining available for spot selling.
While falling exchange reserves alone do not guarantee a rally, they can provide a supportive backdrop if demand picks up. Combined with community-driven attention from $XRP Community Day, the supply-side dynamics could help limit downside risk in the near term.
Overall, $XRP remains in a consolidation phase, with Community Day acting as a sentiment catalyst rather than a guaranteed breakout trigger. Traders will be watching whether $XRP can defend the $1.35 support zone and reclaim resistance near $1.45 to signal a shift toward recovery.