XRP's price hovers near the critical $1.10 support level as the broader cryptocurrency market faces pressure from macroeconomic uncertainty and weak risk appetite. The token has seen declines across multiple time frames, reflecting sustained selling rather than a brief pullback. Market watchers attribute the weakness to overall crypto market trends, with Bitcoin and Ethereum also under pressure, rather than XRP-specific issues. Investors are watching closely for a break below $1.10, which could trigger further declines, while stabilization in macro conditions and regulatory clarity in the U.S. may support a rebound in the coming weeks.
XRP's price declined about 2% despite Ripple securing regulatory approval for its stablecoin RLUSD in Japan, a key market for expansion. The drop was influenced by the shutdown of Strobe Finance, a DeFi lending platform on the XRP Ledger, which raise...
Japan's Financial Services Agency has approved Ripple's RLUSD stablecoin as an electronic payment instrument, allowing trading on SBI VC Trade's platform for both retail and institutional investors. This marks a significant regulatory milestone in Ja...
XRP's price fell sharply to around $1.08, dipping below $1.05, following Bitcoin's drop below the $60,000 mark. This decline is not due to XRP-specific issues but rather its historical tendency to amplify Bitcoin's downward moves, losing nearly twice...
Ripple's XRP price fell more than 15% from its June 16 peak of around $1.29 to about $1.057 by June 24, pressured by profit-taking after Ripple's EU regulatory approval and weak Bitcoin performance. Technical analysis shows a descending wedge pattern...
Bitcoin and USD Coin experienced significant net outflows totaling around $760 million combined, while Tether (USDT) recorded notable inflows, indicating a rotation of liquidity rather than a full market exit. This shift reflects traders repositionin...
