XRP traded near $1.02 on August 11, testing a key psychological and cost-basis support level amid a 4.65% weekly decline. Futures open interest rose to $2.72 billion, signaling aggressive short positions, while exchange withdrawals hit a five-year high, suggesting accumulation or active use in the XRP Ledger ecosystem. XRP spot ETF inflows remain small and erratic, providing little price support. SBI Holdings' $41.2 billion exposure offers a strong institutional backstop. The market is divided, with potential for either a short squeeze rally or a breakdown below $1 depending on volume and funding rate shifts. Key indicators to watch include daily closes below $0.98 on high volume and changes in futures funding rates.
XRP surged 8.7% to $1.49, approaching a critical resistance zone between $1.49 and $1.54. If it breaks and holds above this level, analysts expect a rally toward $1.64 and potentially $2. However, failure to sustain above this zone could trigger a sh...
Ripple has partnered with Absa Corporate and Investment Banking (CIB) to launch Absa Digital Asset Custody, expanding Ripple's custodial services into Africa. This new platform will provide institutions with a secure, regulated environment to safegua...
XRP's price surged to $1.48 following a $2.2 billion institutional buy-up that reversed its medium-term downtrend. The token recovered from a local low of $1.29 as large holders stepped in, supported by positive legal clarity and strong buying intere...
XRP surged 5.62% to $1.4895, breaking above a descending trendline that capped rallies since August, supported by a strong $1.00 floor and reclaiming its 200-day EMA. This move coincided with Bitcoin's rise past $84,000, reflecting a broad market ral...
Large holders of XRP have bought about 1.54 billion XRP worth $2.2 billion in just four days, pushing their total holdings to nearly 9.81 billion XRP. This buying coincides with XRP testing a critical resistance zone around $1.50, a level it has stru...
