Data from CryptoQuant shows a historic drop in the activity gap between large XRP holders (whales) and small investors on Binance, reaching its lowest level in two months. Despite XRP's price drop below $1.15, large deposits to Binance have dried up, indicating whales are holding tokens off exchanges, reducing available supply. This scarcity could make the order book more sensitive to buying pressure, potentially driving prices up if demand rebounds. The market awaits new catalysts as the balance between whale inactivity and retail resilience may shape XRP's near-term price direction.
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 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 ha...
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...
