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 of these inflows dropped from roughly $460 million to $69 million. Binance's 30-day whale inflows also hit a two-month low, down 34.4% from late June's peak. This reduction in large transfers suggests less XRP is available for immediate trading on Binance, supporting the recent price recovery. However, analysts caution that this metric alone doesn't fully reflect broader market activity, as other factors like price, volume, and derivatives data also influence market dynamics.
John Lilic, founder of Tria, suggests Ripple's XRP could rival Ethereum by tapping into a massive payments market. By partnering with Visa or Mastercard to offer credit cards backed by Ripple's RLUSD stablecoin and integrating neobanking services, Ri...
Crypto analyst JD identified XRP as forming a multi-year ascending triangle pattern on its two-week chart, with rising lows since 2020 and resistance between $3 and $3.50. This technical pattern suggests a potential breakout above the resistance leve...
Analyst Kayne outlines a potential Elliott Wave path for XRP starting from the $1.20-$1.25 range. The scenario involves XRP holding this base level, then moving through several stages: rising to $1.50-$1.52, pulling back to around $1.40, advancing to...
The US midterm elections on November 3 will determine control of the House and Senate, influencing the fate of key crypto legislation like the CLARITY Act. Markets largely expect Democrats to retain the House and possibly the Senate, pricing in limit...
Crypto analyst EGRAG CRYPTO shared an XRP price chart highlighting a possible major upward movement described as the "BIGGEST WAVE 3" based on Elliott Wave theory, which organizes price trends into five-wave patterns. An earlier scenario suggested XR...
