XRP's price dropped about 10% over the past week and 20% monthly, pressured by a broader crypto market decline triggered by Bitcoin falling below $65,000. Despite continuous accumulation by XRP-focused spot ETFs for seven weeks and a new conditional Crypto Asset Service Provider license from Luxembourg under EU regulations, bearish technical signals persist. Market factors like rising US interest rate expectations and geopolitical uncertainties have intensified selling pressure. Analysts note historical seasonal weakness for XRP around midterm election years, suggesting a possible rebound after summer.
Ripple executive Reece Merrick compares the current state of cryptocurrency payments to the early days of e-commerce around 2000, when online shopping was negligible and widely distrusted. Merrick highlights that just as e-commerce grew from 0.2% to ...
XRP withdrawal transactions on Binance have exceeded deposits for seven consecutive days, reaching the highest withdrawal share since June 2024 at 53.8%. This shift comes as XRP trades near recent lows around $1.10, signaling a change in exchange beh...
Shiba Inu (SHIB), XRP, and Bitcoin (BTC) are experiencing downward pressure with prices struggling to recover key support levels, indicating continued bearish trends. SHIB is below major moving averages and near critical support, XRP is failing to re...
XRP withdrawal transactions on Binance reached 53.8% on June 23, the highest since June 2024, while deposits fell to 46.1%, the lowest in about two years. Withdrawals have exceeded deposits for seven consecutive days, indicating a sustained shift in ...
SOIL is preparing to become the first application to utilize XRP Ledger's proposed native lending infrastructure enabled by the XLS-65 and XLS-66 amendments. These changes will introduce on-chain lending, liquidity pools, and yield products directly ...
