XRP whales accumulated 70 million tokens in one week amid a price rebound above $1.11 and Binance's XRP reserves dropping to their lowest in five months. This buying activity coincides with positive market sentiment and cooling US inflation, which has eased fears of tighter monetary policy. XRP is currently testing resistance near $1.12 within a symmetrical triangle pattern, with futures open interest at $2.5 billion indicating strong trader engagement. Binance also launched an $800,000 XRP airdrop campaign to promote Ripple USD adoption, potentially supporting further demand.
Rakuten has integrated XRP into its payment and rewards system, allowing over 100 million users in Japan to convert Rakuten Points into XRP, then into Rakuten Cash, which can be spent across Rakuten services. This move aims to increase XRP's practica...
XRP's price recently fell below $1, showing bearish technical signals and increased speculative risk with open interest at $435 million. However, large long positions from whales and retail traders, along with a surge in network activity and institut...
Bitcoin fell to around $63,500 following July's inflation report that matched expectations, leading to a drop in the probability of a September Federal Reserve rate hike from 46% to 38%. The inflation data reassured markets but did not spark strong g...
Bitcoin fell to around $63,500 following July's Consumer Price Index data that matched analyst expectations, easing immediate concerns about Federal Reserve rate hikes but failing to boost crypto markets. The probability of a September Fed rate hike ...
XRP's price stabilized around $1.02 after a 1.46% gain despite a recent exploit draining 200,000 XRP from the Coreum Bridge, which did not affect the XRP Ledger itself. Inflation data showing a 3.4% annual CPI rise lowered the odds of a Fed rate hike...
