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.
Cryptocurrency markets show a general downward trend with Bitcoin trading around $64,396, down nearly 1%, and Ethereum falling over 2% to about $1,876. Other major coins like Binance Coin and Solana also saw slight declines. Stablecoins remain steady...
Coinbase and Ripple have secured licenses in Luxembourg granting them EU-wide access under the new MiCA regulations, which took effect July 1. This regulatory shift forced Binance and other unlicensed platforms to reduce services, creating an opportu...
XRP's whale-to-retail trading gap on Binance has dropped to 35.1%, the lowest in about two months, indicating whales and retail traders are behaving more similarly on this exchange. However, across other crypto exchanges, the gap remains significantl...
XRP is approaching a key resistance level at $1.12, with whales quietly accumulating 70 million tokens over the past week, signaling confidence in a potential price breakout. Technical analysis points to an inverse head-and-shoulders pattern that cou...
XRP traded within a narrow range after falling nearly 6% over the past week, reflecting cautious investor sentiment. High-value transactions on the XRP Ledger dropped sharply by 97%, indicating reduced activity from institutional investors and whales...
