XRP is trading in a tight range around $1.10, showing little price movement despite signals of large whale accumulation and increased derivatives activity. Regulatory developments in the US, including a congressional hearing on XRP's classification, and Japan's shift to treat crypto as financial products, add uncertainty and potential for institutional growth. The market awaits outcomes from these regulatory events while XRP's medium-term trend remains weak, with key support at $1.07–$1.10 crucial to watch. Ecosystem and infrastructure progress continue, supporting longer-term prospects.
SWIFT has launched a blockchain-based shared ledger to improve coordination of tokenized deposits across banks, but it still relies on traditional systems for final settlement, which can be slow. Ripple's XRP Ledger offers a solution by enabling near...
Ripple's Chief Legal Officer Stuart Alderoty criticized votes against the bipartisan CLARITY Act, saying they perpetuate unregulated crypto conditions that bad actors exploit. The Act aims to clarify regulatory boundaries between the SEC and CFTC, cl...
Data from CryptoQuant shows a historic drop in the activity gap between large XRP holders (whales) and small investors on Binance, reaching its lowest level in two months. Despite XRP's price drop below $1.15, large deposits to Binance have dried up,...
Cryptocurrency markets show a general downward trend with Bitcoin trading around $64,396, down nearly 1%, and Ethereum falling over 2% to about $1,876. Other major coins like Binance Coin and Solana also saw slight declines. Stablecoins remain steady...
Coinbase and Ripple have secured licenses in Luxembourg granting them EU-wide access under the new MiCA regulations, which took effect July 1. This regulatory shift forced Binance and other unlicensed platforms to reduce services, creating an opportu...
