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.
In Q2 2026, JPMorgan significantly increased its investments in Bitcoin and Ethereum ETFs, with $355.7 million in BlackRock's Bitcoin ETF and a 338% rise in Ethereum ETF holdings. The bank also re-entered the XRP market through multiple funds and a S...
Large XRP holders, or whales, have increased their accumulation near the $1 price level, buying over 72 million tokens in 24 hours and more than 452 million in recent weeks. This buying activity is helping offset weakening institutional demand, as XR...
Ripple recently minted an additional $50 million of its RLUSD stablecoin on the Ethereum blockchain, pushing the total supply close to an internal record and nearly matching the amount on its native XRP Ledger. This shift highlights growing capital f...
XRP's price fell below $1 for the first time in over 600 days, despite record adoption metrics on the XRP Ledger. This break below a key psychological support level raises concerns about the token's short-term strength, especially as major institutio...
U.S. spot bitcoin ETFs experienced a significant outflow of $131.13 million on Thursday, led by major funds including ARK 21Shares and Fidelity. In contrast, Ether ETFs gained $6.72 million and XRP ETFs added $2.25 million, indicating growing investo...
