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.
The U.S. Securities and Exchange Commission (SEC) plans to discuss a new proposal for crypto investment contract regulations on August 14, potentially easing capital-raising for crypto projects like XRP. This initiative, part of 'Project Crypto,' aim...
XRP is currently trading around $1, showing signs of a potential bullish breakout as it approaches the critical SuperTrend resistance at $1.84. Technical indicators like a narrowing Bollinger Band and a falling wedge pattern suggest XRP is gathering ...
Over the past three months, the number of XRP whale wallets increased by 32, even as XRP's market cap fell about 29%. Larger holders expanded their positions during this price weakness, suggesting confidence in long-term value. The XRP Ledger remains...
The US Office of the Comptroller of the Currency (OCC) has approved Bitcoin and cryptocurrency companies to operate as national trust banks. This allows these firms to provide custody, settlement, and fiduciary services but not retail banking or lend...
Prediction market data shows traders give XRP only a 7% probability of reaching a new all-time high by December 31, 2026, reflecting skepticism amid its struggle to stay above $1. The odds for an earlier breakout by September 30, 2026, are even lower...
