Ripple unlocked 1 billion XRP tokens on June 1 as part of its scheduled monthly release, coinciding with a surge in institutional interest through American XRP ETFs, which recorded $118.29 million in net inflows in May. While the large token release could increase supply pressure, much of the unlocked XRP is often re-escrowed, limiting actual market impact. The growing ETF demand broadens XRP's investor base to include more regulated and institutional players, but the market remains cautious as price movements reflect uncertainty about whether demand can absorb the new supply. XRP's price stability in the coming weeks will be key to determining if institutional demand can offset the supply increase or if the market will focus on the unlocked tokens as a bearish signal.
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Ripple executives urged the U.S. Senate to pass the CLARITY Act, warning that rejecting the bill would maintain regulatory gaps exposing crypto users to risks similar to the FTX collapse. The Act aims to clarify oversight by sharing authority between...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
The XRP Ledger's fixCleanup3_2_0 amendment has entered its final two-week activation countdown after securing 85.71% validator support, surpassing the required 80% threshold. This upgrade bundles multiple protocol fixes for lending, permissioned doma...
XRP has risen 5% recently and is testing resistance at $1.13 amid a potential inverse head and shoulders pattern signaling a 20% rally to $1.45. This bullish setup is supported by positive momentum indicators and hopes of a delayed Fed rate hike. How...
