XRP's price pulled back to around $1.44 following a strong 44% weekly rally that pushed it from near $1.00 to $1.70. This retreat comes as leveraged trading on Binance hits a seven-month high, with many large traders holding short positions between $1.22 and $1.52, suggesting skepticism about the rally's sustainability. The key support zone of $1.45 to $1.50 is now critical; holding this range could indicate consolidation, while a break below may trigger liquidations and sharper declines due to crowded leverage. Despite short-term risks, some investors remain optimistic due to growing institutional interest and developments like Ripple’s stablecoin RLUSD.
XRP's futures market is experiencing intense activity with both bulls and bears facing significant liquidations around the $1.43 to $1.60 price range. Binance traders are heavily leveraged, leading to over $13 million in liquidations in 24 hours, spl...
Rich, host of Common Sense Crypto, considers XRP trading above $3.40 a conservative estimate given upcoming regulatory decisions, tokenization growth, and potential ETF demand. He challenges market cap limits on XRP's price, emphasizing its role in p...
Ripple is urging the XRP Ledger community to withdraw the long-standing XChainBridge (XLS-38) amendment, which was designed to enable cross-chain bridging on the network. The company cites a lack of developer demand and the fact that Axelar's network...
21Shares has changed the pricing benchmark for its U.S. XRP exchange-traded fund (ETF) TOXR from the CME CF XRP-Dollar Reference Rate to the FTSE XRP Index, effective August 27. This change affects only the pricing methodology and does not alter the ...
Despite record $1.566 billion inflows into XRP ETFs, XRP's price has pulled back, showing a supply-demand imbalance and cautious investor sentiment. Institutional interest remains, but price fluctuations are driven by ETF flows, whale accumulation, a...
