XRP has fallen below its crucial $1.30 support level, breaking a symmetrical triangle pattern that suggests a bearish trend. Analysts now expect the price to test the next support at $1.14, with technical indicators and historical seasonal trends pointing to further declines. Despite $136 million inflows into XRP spot ETFs, broader market weakness and liquidity outflows continue to pressure the token. June's historical performance for XRP is typically weak, increasing the risk of a prolonged summer slump below $1.30.
Ripple unlocked 1 billion XRP tokens on June 1 as part of its scheduled monthly release, coinciding with a surge in institutional interest through American XRP ETFs, which recorded $118.29 million in net inflows in May. While the large token release ...
XRP ETFs have seen steady inflows totaling $1.43 billion in May, even as XRP's price dropped 2.5%. Meanwhile, Bitcoin ETFs experienced outflows exceeding $4 billion over four weeks. Ripple expanded its USD-backed stablecoin RLUSD into Turkey through ...
SBI Holdings projects Ripple's IPO to take 12 years, causing mixed reactions in the XRP market despite a 376% surge in secondary shares. Shiba Inu (SHIB) faces a potential price squeeze due to a record low supply on exchanges and empty order books, p...
XRP has reached its 14th anniversary, maintaining its role as a fast, low-cost payment solution. Recently, whale activity on Binance has dropped to near-zero, signaling reduced large-holder movements and potential market stability. Historically, such...
Ripple is introducing its dollar-backed stablecoin RLUSD to the Turkish market through partnerships with local platforms BiLira, Bitexen, and Bitlo. RLUSD, launched in late 2024 and valued at about $1.7 billion, is targeted for payments, tokenization...
