XRP's spot trading volume on South Korea's Upbit exchange has fallen by nearly 51% over a month, with Binance also seeing a 99% drop in XRP spot flows. Despite this, derivatives markets show increased activity, with Open Interest on Binance rising 5.9% and leverage ratios hitting recent highs. This divergence suggests traders are cautiously building leveraged positions without strong spot market participation. XRP's price has modestly recovered amid a broader crypto rally, but the weak spot demand raises questions about the sustainability of this price increase.
The U.S. Senate is targeting July 23 for a vote on the CLARITY Act, a bill that would clarify regulatory oversight of digital assets by defining which fall under the SEC or CFTC. This legislation could reclassify XRP as a commodity, resolving its lon...
XRP has broken above a 66-day descending trendline, signaling a potential end to its prolonged downtrend and a return of bullish momentum. Analysts highlight that holding above the $1.13 resistance, now acting as support, is key for XRP to target the...
XRP's adoption continues to build with strong institutional interest and high transaction volumes, yet its price remains stuck between $1.09 and $1.13. Technical indicators show potential for a breakout above $1.13 targeting mid-$1.30s, supported by ...
Ripple will release 1 billion XRP from escrow on August 1 as part of its monthly unlock program, but most of these tokens are expected to be re-locked, minimizing the increase in circulating supply. This routine process has historically caused little...
XRP's price climbed back above $1.13 amid a significant decline in large whale deposits to Binance, the world's largest crypto exchange. Daily whale inflows fell drastically from 583 million XRP to about 25.3 million XRP, and the 90-day average value...
