On June 9, XRP spot ETFs drew $7.44 million in net inflows, surpassing Solana, Bitcoin, and Ethereum ETFs, which saw outflows. This indicates growing institutional interest in XRP investment products even as XRP's price struggles, trading near $1.11 after breaking key support levels. Although ETF inflows signal demand, they are not yet enough to overcome broader market selling pressure affecting cryptocurrencies. XRP's price remains below major moving averages, but some technical indicators suggest bearish momentum may be easing. Continued ETF inflows could position XRP for gains if overall crypto sentiment improves.
Ripple moved 50 million XRP tokens worth about $59 million to an intermediary wallet, which then distributed the tokens in batches to Binance-linked wallets. This transfer aligns with Ripple's usual On-Demand Liquidity operations rather than a direct...
Kalshi has introduced XRP perpetual futures on its CFTC-regulated platform, allowing U.S. traders to gain leveraged exposure to XRP without owning the token. The contract uses the CME CF XRP-Dollar Real Time Index for pricing and has no fixed expirat...
Glassnode's latest data reveals a sharp decline in XRP's realized profit-to-loss ratio to 0.38, indicating investors are now realizing significantly more losses than gains. This shift marks a capitulation phase where many holders sell at a loss, refl...
Japan's Bank of Japan is set to raise interest rates to 1% on June 16, the highest in 31 years, potentially making Japanese bonds more attractive and narrowing the yield gap with US Treasuries. This could shift global investment flows towards Japan, ...
XRP recently touched a critical support level at $1.09 and bounced back above $1.12, suggesting a possible market bottom. The next key resistance to watch is $1.25; a break above could confirm a bullish recovery, while failure might lead to another d...
