XRP's Binance Scarcity Index reached its highest level in over two years at 0.77, reflecting a 20% drop in XRP reserves on Binance since November 2024. This reduced supply on the exchange suggests lower selling pressure, while derivatives data indicates shorts were squeezed near $1, prompting a rebound to $1.13. The next key resistance is $1.20, with a potential move to $1.35-$1.40 if surpassed. However, caution remains as trading volume is low and a drop below $1 could invalidate the recovery.
XRP surged nearly 8% in a week, reclaiming the $1.13 support level after bouncing from $1.03, with trading volumes up 62%. Despite a 55% drop in ETF inflows in June, on-chain data shows whales increasing activity, suggesting confidence in a price rec...
Solana's price remained above a crucial support level despite a slight dip, supported by $5.75 million in net inflows into U.S.-listed spot Solana ETFs, contrasting with outflows from Bitcoin and Ethereum funds. Solana ranked second in global spot tr...
XRP is trading near $1.14 as markets react to unconfirmed reports that Ripple has secured full approval under the EU's MiCA regulatory framework, potentially expanding its crypto services across Europe. This development, if confirmed by official sour...
Ripple CEO Brad Garlinghouse criticized Strategy's preferred shares sliding below par as a failure of financial engineering, sparking debate about both companies' reliance on selling their own assets to fund operations. Strategy funds Bitcoin purchas...
XRP's Binance Scarcity Index reached its highest level since 2024 as whales moved coins to non-custodial wallets, tightening supply and supporting price near $1.14. A BitGo whale transferred 114.9 billion Shiba Inu (SHIB) tokens to a new cold wallet,...
