XRP held on exchanges has dropped to a seven-year low of about 1.6 billion tokens, halving since late 2025, indicating a sharp reduction in readily sellable supply. Meanwhile, whale wallets hold a record 68.5% of circulating XRP, but this concentration is ambiguous as large holders can sell or hold. The key signal is the low exchange reserves, which means any incoming demand, such as from the potential CLARITY Act that could unlock billions in institutional inflows, would face thin supply and likely cause significant price moves. However, this setup increases volatility in both directions and depends on the uncertain passage of the CLARITY Act, making it a condition for heightened sensitivity rather than a guaranteed price rise.
Analyst Kayne outlines a potential Elliott Wave path for XRP starting from the $1.20-$1.25 range. The scenario involves XRP holding this base level, then moving through several stages: rising to $1.50-$1.52, pulling back to around $1.40, advancing to...
The US midterm elections on November 3 will determine control of the House and Senate, influencing the fate of key crypto legislation like the CLARITY Act. Markets largely expect Democrats to retain the House and possibly the Senate, pricing in limit...
Crypto analyst EGRAG CRYPTO shared an XRP price chart highlighting a possible major upward movement described as the "BIGGEST WAVE 3" based on Elliott Wave theory, which organizes price trends into five-wave patterns. An earlier scenario suggested XR...
Lawyer Bill Morgan criticized Ripple's XRP escrow practice, arguing that instead of returning unused monthly token releases to escrow, Ripple could have distributed them. Ripple set up 55 billion XRP in 55 contracts in December 2017, each holding 1 b...
Crypto commentator Zach Rector suggests that current complaints about XRP's price could be a contrarian indicator, meaning frustration might precede a price increase. XRP was noted at $1.25 as of Nov. 2 in a daily price table, but this is not a trade...
