XRP's price fell about 2% to around $1.37 on August 31 as investors awaited a crucial Senate cloture vote on the CLARITY Act scheduled for September 15. This vote could influence the future regulation of cryptocurrencies in the U.S., although passing the cloture would only advance the bill to full debate, not guarantee approval. Meanwhile, XRP ETFs saw record weekly inflows of $110.49 million, signaling strong institutional interest, and open interest in CME XRP futures surged 36%, increasing CME's market share to 17%. Technical analysis shows XRP consolidating near $1.38 with key support at $1.35–$1.38 and resistance at $1.53–$1.55, with potential upside if the Senate vote favors crypto regulation clarity.
XRP has experienced 11 consecutive red three-day candles, which analyst EGRAG CRYPTO sees as a possible turning point in its price trend. The analysis uses Heikin Ashi candles to smooth out short-term price fluctuations and highlights key price level...
A recent chart analysis of XRP indicates it is in a phase called manipulation, following an initial expansion phase. This pattern resembles an earlier rally phase, which some traders interpret as a bullish sign. However, this is a technical reading a...
The Binance Scarcity Index for XRP has reached its highest level since 2022, indicating fewer XRP tokens are available for trading on the exchange. On November 4, Binance experienced a significant withdrawal of 418.5 million XRP tokens, marking its l...
On November 4, Binance recorded an outflow of 418.5 million XRP tokens, the largest single-day withdrawal in about nine months, valued at approximately $540 million. This outflow surpassed a previous large withdrawal of 315 million XRP on October 29....
The XRP Ledger's native lending system proposal has reached 60% validator approval, with 21 out of 35 validators supporting it. This upgrade, known as XLS-66, would enable fixed-term loans on-chain using pooled digital assets, expanding XRPL's use be...
