XRP's price has remained largely flat in early June despite claims that large holders have quietly accumulated about 1.2 billion tokens through over-the-counter (OTC) trades. This off-exchange buying could reduce liquid supply on public exchanges, potentially impacting near-term price dynamics, though these claims remain unverified by major analytics firms. XRP's circulating supply is near its maximum, limiting dilution concerns, and no recent major announcements have driven price changes. Traders are watching liquidity signals closely, as a potential supply shock could occur if OTC accumulation continues alongside a drop in exchange reserves, but for now, price momentum remains subdued and market participants are cautious.
Ripple has integrated its RLUSD stablecoin with Wormhole's cross-chain protocol, enabling RLUSD to operate natively across more than 40 blockchain networks, including Ethereum layer-2s like Base, Optimism, Ink, and Unichain, plus the XRP Ledger EVM s...
Bitcoin ETFs experienced $396.6 million in outflows on June 3, marking the 13th consecutive day of net redemptions, with Blackrock's IBIT fund leading withdrawals. Ether ETFs also extended their losing streak to 17 days, losing $52.94 million, mainly...
Dave Portnoy, founder of Barstool Sports, announced he will not sell his XRP and Bitcoin holdings despite suffering multimillion-dollar losses due to a prolonged crypto market downturn. He revealed that his XRP position, bought near a peak at $1.70, ...
XRP fell almost 5% on June 4, entering a historically weak month for the cryptocurrency during U.S. midterm election years, with prior June losses ranging from 17% to 39%. Despite this, XRP investment products saw $20.3 million in weekly inflows, eve...
XRP has broken below the critical $1.20 support level, confirming a strong downtrend and shifting market control to sellers. The price is now trading near $1.17, with the old support turning into resistance. The Relative Strength Index (RSI) shows ex...
