Is XRP heading above $10 or is there something else to the story?
Ripple’s cross-border token is among the most polarizing, often being the center of attention within the cryptocurrency community for major price predictions (whether bullish or bearish).
One of the recent examples came from EGRAG CRYPTO, among the most optimistic XRP commentators on X, who outlined a highly favorable chart for the asset. On the other hand, shah wondered what all the hype is about the token.
XRP’s Chart Doesn’t Lie EGRAG has made some major price predictions in the past for XRP, many of which sound unreasonable now given the asset’s struggles to remain above $1.10. However, the analyst tends to focus on the long-term price performance, trying to isolate the structure from the noise and emotion.
In their latest post on the matter, they published a chart mapping out the token’s possible future movement. It first envisions a price dip to $0.95, which aligns with other analysts’ expectations for a new low beneath $1.00, before the next major leg up.
The promising green wick for the bulls charts a run toward a new all-time high and well above. In fact, EGRAG has frequently posted targets of up to $27 for XRP during the most intense expansions of the next bull cycle.
#XRP – CHART, No Comment 🤫:
Men Lie, Women Lie But Charts and Numbers do not Lie.
Structure > Noise > Emotion. ONLY FEW 🧠 pic.twitter.com/GLbM1W1Xpd
— EGRAG CRYPTO (@egragcrypto) July 7, 2026
What’s All This Hype? In contrast to EGRAG’s bullish charts on XRP, shah asked their over 400,000 followers on X to explain all the hype around XRP. They wondered, “Why on Earth would this coin ever go to hundreds per coin?”
You may also like: XRP Suffered 22% June Loss, but History Favors a Major July Rally Ripple (XRP) Keeps Dominating ETF Flows, but Cracks Are Starting to Show This XRP Signal Has Never Looked Worse, But is That the Setup? (Analyst) The comments below were quite unfavorable for the cross-border token and those who believe it may go beyond $100. Kendall Tart explained that a triple-digit price tag would require its market cap to rocket past $6 billion. This would make XRP bigger than Apple, which sounds far-fetched, to say the least, at the moment.
Others compared XRP holders to MAGA believers, indicating that Ripple’s CEO, Brad Garlinghouse, is “their president and his cabinet are paid influencers that say buzzword points that get regurgitated over multiple social media platforms.”
Another comment predicted that it can’t and won’t go anywhere near $100. Moreover, the user proclaimed XRP as “dead” given its tokenomics, never-ending selling pressure, and “horrible internal organization.”
Japanese companies are increasingly adding bitcoin and XRP to their corporate treasuries as a weak yen pushes firms to diversify beyond cash, according to SBI VC Trade.The exchange said registered accounts across its VCTRADE and BITPOINT services have surpassed 2 million, roughly doubling since 2025 and aided by its April 2026 merger with BitPoint Japan.Demand for stablecoins such as USDC, Ripple’s dollar-backed RLUSD and the yen-pegged JPYSC, along with new lending services, is helping drive crypto adoption among retail and corporate users in Japan.Japanese companies are turning to bitcoin and XRP as a weak yen pushes them to diversify their corporate treasuries, according to SBI VC Trade, as the crypto exchange's registered accounts passed 2 million.
The crypto arm of financial group Tokyo-based SBI Holdings said use of its corporate service, SBIVC for Prime, has grown as the weak yen drives firms to spread reserves beyond cash, with added demand from companies that hand out bitcoin or XRP through shareholder-perk programs.
It reported the account milestone on Tuesday, roughly double the 1 million it counted in 2025.
The 2 million figure combines its VCTRADE and BITPOINT services and follows SBI VC Trade's April 2026 merger with sister firm BitPoint Japan. The company plans to fully integrate the two brands around the end of December, which it said should cut costs and unify service levels.
Stablecoins have been a second driver. These are digital tokens designed to hold a fixed value against a fiat currency like the dollar or yen. SBI VC Trade listed USDC in March 2025 in what it called Japan's first dollar-stablecoin listing, and in June 2026 added Ripple's dollar-backed RLUSD alongside JPYSC, a yen-pegged token it described as the country's first trust-based yen stablecoin, and began offering lending against stablecoins.
CoinDesk reported the RLUSD launch in Japan earlier this year, which ran through SBI VC Trade under the country's approval regime.
The milestone tracks a broader pickup in regulated crypto access in Japan, where a strict licensing regime has kept the market smaller than in the U.S. or South Korea but is steadily drawing retail and corporate users as stablecoins and treasury strategies take hold.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The US market for spot ETFs based on XRP has held its place in the top league, returning above the psychologically important threshold of $1 billion in net assets. According to a fresh report from SoSoValue, the combined assets under management of five funds stood at $1.05 billion.
However, a detailed look inside the sector shows that this comeback was not the result of new investment inflows, but a mathematical rescue driven by the price surge of XRP itself.
Math behind the comeback to billion-dollar clubThe US XRP ETFs returned to the billion-dollar threshold thanks to an organic recalculation of the value of their underlying holdings. Over the past week, the native cryptocurrency of the XRP Ledger posted a strong 10.5% gain, settling at $1.15 after a prolonged June decline toward the dangerous $1.00 mark.
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Since ETF balances are tightly tied to the market price of the coin, this price jump recalculated the sector's capitalization in favor of issuers and effectively saved a key institutional threshold from being lost in the eyes of major players.
Total XRP Spot ETF Net Inflow over the last 30 days, Source: SoSoValueThe breakdown of power among the funds as of July 7 looks as follows:
Bitwise (XRP): remains the largest player, with net assets returning to $330.84 million thanks to the price recovery and a local inflow of capital.Canary (XRPC): ranks second with $265.30 million.Franklin Templeton (XRPZ): confidently closes out the top three, accumulating $261.68 million. You Might Also Like
Real capital inflow, meanwhile, remained restrained. Over the reporting period, the funds collected a modest $17.19 million. Still, that was enough to extend the winning streak of inflows to nine consecutive weeks, bringing the cumulative figure since launch to $1.49 billion.
Large institutional investors are now clearly taking a wait-and-see position amid bureaucratic delays in Washington. The final vote on the CLARITY Act, which is expected to definitively establish XRP's status as a commodity, has shifted to late July or August 2026.
In this regulatory lull, the funds are simply holding their positions, while their return to billion-dollar status is entirely the achievement of XRP's revived spot price.
XRP (CRYPTO: XRP) remains in a downtrend, but positive signals from tokenized asset growth and on-chain scarcity signal sound network fundamentals.
Real-World Asset Demand SurgesAround $4 billion in tokenized real-world assets now sit on the XRP Ledger, according to market commentary shared by crypto researchers at EvernorthXRP in an X post on July 6.
This is almost four times the size of XRP’s spot ETF market.
Institutional use cases are also beginning to emerge.
Earlier this year, a tokenized Treasury redemption involving JPMorgan, Ondo and Mastercard reportedly settled on the XRP Ledger in about four seconds.
Spot XRP ETFs have also recorded eight straight weeks of net inflows, including about $23 million in the last full week of June and roughly $1.47 billion cumulatively.
Meanwhile, crypto researcher BankXRP noted that new XRP wallets climbed to 26,000 in the last full week of June, the highest weekly count since March and a 40% increase from the prior week.
"On-chain adoption doesn’t lie," the research said, asking whether XRP is in an accumulation phase or if "something bigger" is developing.
Binance XRP Scarcity Index Hits 1-Year HighIn an X post on July 6, CryptoQuant data shows the Binance XRP Scarcity Index rose to roughly 0.77 over the past three days, its highest level since mid-2024, while XRP traded near $1.10.
The increase suggests XRP availability on Binance has declined compared with previous periods, potentially due to lower deposits, higher withdrawals or more tokens moving into off-exchange holdings.
A rising scarcity index can point to reduced potential selling pressure, since fewer tokens are available for sale on the platform.
However, CryptoQuant noted that scarcity alone does not guarantee continued upside.
The key factor will be whether demand strengthens while exchange supply remains constrained.
Together, tokenized asset growth, ETF inflows, new wallets and shrinking Binance availability suggest XRP demand is appearing across multiple channels at the same time.
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In a notable recovery, the total net assets of US spot XRP based exchange traded funds have climbed back above the much watched $1 billion threshold. According to data from SoSoValue, the combined assets under management across five XRP ETFs reached $1.05 billion as of July 7, signaling renewed optimism among investors following weeks of volatility.
Price rebound, not new inflows, drives assets higherAlthough this surge in total value may look like a fresh wave of investor enthusiasm, the main driver is not a large influx of new capital. Instead, the climbing spot price of XRP has boosted the funds’ reported net assets, pushing them above the psychologically important $1 billion mark.
Over the past week, XRP’s price jumped 10.5 percent, rising to $1.15. After dipping close to $1 in June’s extended downtrend, this rebound has fed directly into the valuations of the ETFs. Because these funds are tightly linked to the underlying asset’s price, the appreciation has strengthened the outlook for both issuers and investors.
The latest rally in XRP price has pushed the total net assets of US spot XRP ETFs back above $1 billion; however, the principal factor behind this growth is the revaluation of existing holdings, not an inflow of new funds.
Bitwise leads the ETF competitionBitwise has retained its position as the largest manager in the XRP ETF segment, with its fund assets climbing to $330.84 million. This increase stems both from price recovery and a modest influx of local capital. Canary follows in second with $265.30 million, while Franklin Templeton rounds out the top three at $261.68 million. Known worldwide for its traditional financial products, Franklin Templeton’s prominence signals continued mainstream attention to XRP ETFs.
FundCodeNet AssetsBitwiseXRP330.84 million dollarsCanaryXRPC265.30 million dollarsFranklin TempletonXRPZ261.68 million dollarsDespite the rise in total assets, net new capital entering these funds remains modest. During the observed period, the combined net inflow amounted to just $17.19 million. Still, this marks the ninth consecutive week of net positive inflows since launch, with total accumulated inflows now at $1.49 billion.
Regulatory uncertainty continues to cool institutional demandMajor institutional investors remain cautious amid ongoing regulatory ambiguity. Delays in Washington’s legislative and rulemaking processes have led many large players to watch and wait instead of making significant commitments. In particular, the final vote on the CLARITY Act has been pushed to late July or even August 2026, amplifying the perception that key regulatory decisions are being postponed.
Glossary: The CLARITY Act is an ongoing legislative initiative aimed at clarifying exactly how digital assets should be regulated in the US. The bill seeks to resolve whether certain tokens are securities or commodities, reducing legal uncertainty across the industry.
With regulatory stagnation still pervasive in the market, funds have held their ground, and the renewed passing of the $1 billion mark is largely thanks to the spot recovery in XRP price.
This dynamic highlights that the recent surge in XRP ETF assets is less about soaring demand and more about improving market prices. While keeping the $1 billion level is seen as a critical milestone for funds, observers note that regulatory clarity will remain essential before institutional appetite truly accelerates.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Seven days of green. Then this. XRP dropped 2.3%, tagged $1.11, and bounced. One red candle does not kill a rally. But it does ask the rally a question, and the answer is due at $1.11.
XRP trades at $1.13 as of July 7, 2026, down 2.3% over 24 hours, per CoinGecko. The day’s range: $1.11 to $1.16. Market cap $70.29 billion, still the sixth-largest asset in crypto. Volume did not go quiet during the dip. $1.44 billion changed hands in 24 hours. Sellers showed up. Buyers met them at $1.11.
The Unique Angle: the first pullback, and where it stopped Zoom out one week and the red day shrinks. XRP is still up 8.1% over seven days, one of the stronger prints in the top 10, behind only ETH’s 11.7% and SOL’s 10%. Today was not a trend change. It was the first profit-taking session of the move, and the location of the bounce is the actual news.
The intraday chart tells it plainly. XRP opened near $1.15, bled through the European session, knifed to $1.11 around 15:00, and reversed. No panic wick below. No cascade. The dip found bids exactly where a healthy uptrend should find them: at the top of the old range, roughly where the breakout started. Also worth saying: XRP fell 2.7% against Bitcoin today. The pullback is partly rotation back into BTC, not just XRP weakness. That distinction matters for what comes next.
The other side. First pullbacks are also where failed rallies announce themselves. A bounce on day one proves nothing until it holds on day two. If $1.11 gives way tomorrow, this stops being a dip and starts being a top. Both readings are live. The level decides.
The One Number That Matters $42.6 billion. That is the gap between XRP’s fully diluted valuation ($112.91 billion) and its market cap ($70.29 billion).
Translation: 62.24 billion XRP circulate today out of a 100 billion maximum. Nearly 38 billion tokens, most of them in escrow, sit outside the market and are released on a schedule. At today’s price, that is a supply overhang worth 42.6 billion dollars standing behind every rally. It does not sell all at once, and much of each monthly release historically goes back into escrow. But it is the structural reason XRP rallies carry a built-in headwind that Bitcoin’s do not: the float grows. Anyone modeling XRP at three dollars is really modeling demand strong enough to absorb both the market and the schedule. On the constructive side, CoinGecko’s treasury tracker shows about 473.3 million XRP held in corporate treasuries, a small but real pool of supply that has chosen to sit still.
Key Levels Support: $1.11, today’s low and the line the bounce drew. Below it, the round $1.00, which is more psychology than chart but XRP has respected round numbers forever. Resistance: $1.16, today’s high. Reclaim it and the pullback is finished business. The map is narrow. $1.11 to $1.16. Five cents decide the week.
Supporting Context The pullback landed on a green board, which cuts both ways. Bitcoin held near $63,300, up 6.4% on the week. Ethereum led the majors at +11.7%. When the market rises and one major falls, the simplest explanation is usually the right one: XRP outran the pack early, and today the pack collected the spread. Rotation, not rejection. Unless $1.11 breaks, in which case rewrite that sentence.
Seasonality watchers will also note the calendar. July has historically been kind to XRP; this site has covered that pattern before, including the outsized July 2020 gain of 48%. Patterns are not promises. They are context. A 2.3% dip on July 7 does not repeal a monthly tendency, and a monthly tendency does not guarantee a green close. Hold both thoughts.
Bottom Line One red day after seven green ones is maintenance, not damage. The bounce at $1.11 was clean, the volume stayed real at $1.44 billion, and the weekly gain of 8.1% is intact. The bear case needs a close below $1.11 to exist. The bull case needs $1.16 back to resume. Until one of those happens, this is a rally catching its breath. XRP is at $1.13. Down on the day. Up on the week. Still above the line that matters.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
Frequently Asked Questions What is the XRP price today? XRP trades at $1.13 as of July 7, 2026, down 2.3% over 24 hours, with a market cap of $70.29 billion and $1.44 billion in daily volume.
Why is XRP down today? The data points to profit-taking after an 8.1% weekly gain and rotation back toward Bitcoin: XRP fell 2.7% against BTC while the broader market stayed green. The dip stopped at $1.11 and bounced.
Is the XRP rally over? Not on this evidence. The weekly uptrend is intact and the first pullback held support at $1.11. A daily close below $1.11 would be the first real warning; reclaiming $1.16 would resume the move.
How much XRP is in circulation? About 62.24 billion XRP out of a 100 billion maximum supply. Roughly 38 billion tokens remain outside circulation, most held in scheduled escrow releases.
What is XRP's fully diluted valuation? About $112.91 billion at today's price, versus a $70.29 billion market cap. The $42.6 billion gap represents the value of tokens not yet in circulation.
Can XRP hold above $1? $1 is the major psychological floor and sits below the nearer support at $1.11. As long as $1.11 holds on a closing basis, the $1 question stays academic.
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Japanese crypto exchange SBI VC Trade says registered accounts surpassed 2 million, underscoring rising domestic demand for digital assets.
Companies are increasingly turning to Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) for treasury diversification.
In an official filing, SBI VC Trade, a consolidated subsidiary of SBI Holdings, said accounts crossed 1 million in the year 2025. The significant leap can be attributed to its regulated exchange services, staking products, lending offerings and stablecoin expansion.
SBI VC Trade also highlighted growing corporate demand through its "SBIVC for Prime" service, saying it has gained traction among companies holding and using crypto assets amid the weaker yen and broader treasury diversification efforts.
The firm said Japanese companies are also increasingly using Bitcoin and XRP in shareholder benefit programs, where crypto assets are distributed as part of investor rewards.
SBI VC Trade has expanded beyond spot crypto trading into staking, lending and stablecoins.
The company began handling USDC in March 2025 and added Japan’s first yen-denominated trust-type stablecoin, JPYSC, along with Ripple’s RLUSD in June 2026.
The firm said its longer-term goal is to become Japan’s top crypto exchange while supporting on-chain finance and stablecoin adoption.
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As financial infrastructure providers turn to blockchain-based solutions to overhaul cross-border payments, the institutional use of stablecoins is rapidly expanding. The latest example is Nuvion’s integration of Ripple’s RLUSD stablecoin into its global banking and payments platform.
Unified access to fiat and digital assets via a single APIBy adding RLUSD to its AI-powered platform, Nuvion aims to deliver faster reconciliation to corporations and fintech firms. With this integration, users can seamlessly access blockchain-enabled payment flows without disconnecting from traditional financial infrastructure.
The inclusion of RLUSD marks another step in broadening Nuvion’s unified finance platform. Now, businesses can transition between fiat currencies and digital assets through a single API, enabling the use of various payment channels within the same ecosystem.
Mini glossary: RLUSD is a stablecoin developed by Ripple, designed with regulatory compliance in mind. XRPL is the open-source blockchain network in Ripple’s ecosystem, focusing on digital asset transfers.
Cross-border payments have long struggled with issues such as redundant intermediary banks, high transaction costs, delayed transfers, and limited transparency. These challenges can put pressure on company cash flows, complicate treasury management, and slow the pace of international trade.
Accelerating settlement for institutional paymentsNuvion believes that integrating RLUSD could help alleviate many of these pain points. The company’s solution aims to offer near real-time settlement, more efficient liquidity management, and blockchain-based payment options tailored for institutional use.
Nuvion CEO Keisha Clark explained that the future of global payments is real-time, programmable, and borderless, and that RLUSD integration will enable businesses to access faster settlements, greater flexibility, and modern financial services through a unified platform.
With this expanded platform, businesses can manage treasury operations across multiple currencies and embed stablecoin payments directly into their applications—without having to set up their own blockchain infrastructure. This approach may simplify payment processes and reduce technical burdens for enterprises.
Ripple strengthens RLUSD role in institutional paymentsThe partnership also supports Ripple’s strategy to promote RLUSD in enterprise payment networks. Ripple, a financial technology leader in digital payment solutions, focuses on using blockchain infrastructure for cross-border transfers.
RLUSD can be utilized on both the XRP Ledger and Ethereum networks, providing companies with access to multiple blockchain ecosystems while supporting greater liquidity in Ripple’s digital payments network.
Regulatory-compliant stablecoins are standing out as key instruments bridging the gap between traditional finance and blockchain, especially as demand grows for faster, more efficient global transactions.
Nuvion’s RLUSD integration is viewed as a significant step toward continuous, compliance-focused, and programmable networks for corporate payment infrastructure. This transformation is expected to improve payment flows in cross-border trade.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The XRP Ledger has moved closer to activating its xrpld v3.2.0 upgrade after more than 55% of trusted validators adopted the latest software version.
Summary
XRP Ledger validator adoption of xrpld v3.2.0 has climbed above 55%, moving the network closer to upgrade activation. The release introduces infrastructure updates, security fixes, and the official rename from rippled to xrpld. The fixCleanup3_2_0 amendment has 40% support, while developers continue monitoring validator migration issues. According to XRP Ledger Explorer data, 84 trusted validators, or 55.63% of the validator set, are now running xrpld v3.2.0. The latest software has also been installed on 353 network nodes, accounting for 42.12% of all nodes. By comparison, version 3.1.3 remains active on 58 validators, representing 38.41% of the validator set, and on 440 nodes, or 52.51% of the network.
XRP Ledger v3.2.0 adoption across validators and nodes | Source: XRPL Explorer On the XRP Ledger, trusted validators are responsible for approving protocol changes, while regular nodes follow the decisions made by the trusted validator list. Under the network’s governance rules, a protocol amendment requires support from more than 80% of trusted validators for two consecutive weeks before it can be activated.
Based on the current figures, roughly another quarter of the validator set must migrate to v3.2.0 before the upgrade can move toward activation.
Latest release introduces infrastructure and security changes Released as xrpld v3.2.0, the software package includes infrastructure updates, developer improvements, and bug fixes across the XRP Ledger. One of its most notable changes is the official renaming of the network’s main server software from rippled to xrpld, following the XLS-0095 proposal.
Beginning June 15, the upgrade changed configuration paths, server metadata, database directory locations, and version naming conventions. As a result, validator operators and node administrators are required to update deployment scripts and server configurations before completing the migration.
Alongside the software release, developers also introduced the fixCleanup3_2_0 amendment. According to the release documentation, the amendment contains security-related fixes covering Single Asset Vaults, the Lending Protocol, permissioned decentralized exchanges, Multi-Purpose Tokens (MPTs) and permissioned domains.
The proposal also adds new invariant checks designed to prevent deleted accounts from leaving residual ledger data, improving ledger consistency. In addition, the update allows developers and users to access XRP Ledger protocol information and server definitions without operating a full server, a change intended to simplify integrations for wallets, APIs, blockchain explorers and other automated services.
Amendment voting still has ground to cover Even as validator adoption of the software continues to climb, support for the attached fixCleanup3_2_0 amendment remains well below the activation threshold. Current network data shows the amendment has secured roughly 40% support, leaving it far short of the supermajority required for approval.
Ripple has publicly supported the amendment, helping strengthen confidence around the proposed changes. Separately, the XRP Ledger Lending Protocol recently passed an independent security audit, adding another layer of reassurance for the lending-related fixes included in the amendment.
At the same time, developers continue to monitor issues reported during validator migrations. A GitHub issue tracked under report #7581 describes a case where the service log displayed the correct new validator public key while the running server continued using the older public key stored in the wallet database.
The report attributes the discrepancy to validator migration behavior rather than the protocol itself, highlighting an operational issue that node operators may need to address as adoption of xrpld v3.2.0 continues to expand.
Ripple has secured full MiCA approval in Luxembourg as XRP spot ETFs have extended their inflow streak to eight consecutive weeks, even as XRP traded lower over the past 24 hours.
Summary
Ripple has secured a full MiCA license in Luxembourg, allowing regulated crypto services across the European Economic Area. XRP spot ETFs have extended their inflow streak to eight weeks, with cumulative net inflows reaching $1.49 billion. XRP is holding near key technical support around $1.12 as traders watch for a move toward $1.15–$1.18. According to Ripple, the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has granted the company a Crypto-Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets (MiCA) framework.
It’s official: Ripple has received its EU CASP license. We are now fully MiCA-compliant and ready to meet growing European crypto demand https://t.co/I9GRgvfGzH
— Ripple (@Ripple) July 6, 2026 The approval allows Ripple to passport regulated crypto services across all 27 European Economic Area member states, strengthening its regulated payments business in the region.
According to data from crypto.news, XRP (XRP) traded at around $1.13 on Tuesday, down 1.1% over the previous 24 hours, although the token remained nearly 9% higher for the week. The decline came while Bitcoin held onto weekly gains of more than 10%, despite weakness in U.S. equities and higher oil prices linked to geopolitical tensions.
Investors also continued to watch developments surrounding the final version of the GENIUS Act, expected before July 18, while Ether changed hands near $1,800.
Ripple adds another EU regulatory approval Following its initial MiCA clearance in June, Ripple said the newly issued CASP license completes its authorization process under the EU’s digital asset rules. The company noted that the approval complements its existing European e-money license, allowing it to offer regulated crypto payment services throughout the European Economic Area.
Ripple said the combined regulatory approvals support its cross-border payments business serving banks, financial institutions, and enterprises while providing a clearer compliance framework for crypto transactions. The company also expects the licensing framework to support adoption of both XRP-based payment products and its RLUSD stablecoin in Europe.
Commenting on the development, Ripple’s Managing Director for the UK and Europe, Cassie Craddock, said the company is now fully prepared to expand under the MiCA framework after completing the regulatory transition.
We’re fully licensed in Europe and excited to keep building on the incredible momentum of recent months. Let’s go!🚀 https://t.co/LVKKKgpKVX
— Cassie Craddock (@CraddockCJ) July 6, 2026 Technical indicators also suggest XRP is testing an important level following its recent rally. On the 4-hour chart, the token is trading near the 61.8% Fibonacci retracement around $1.12 while remaining above the Supertrend support near $1.11.
XRP 4-hour price chart — July 7 | Source: crypto.news At the same time, Chaikin Money Flow has stayed slightly above zero, indicating buying interest has not fully disappeared despite the recent pullback.
ETF demand continues supporting XRP Institutional interest has remained steady alongside Ripple’s regulatory progress. According to SoSoValue, XRP spot exchange-traded funds have now recorded eight consecutive weeks of net inflows, with cumulative net inflows reaching $1.49 billion.
SoSoValue data showed no new daily inflows on July 6, but cumulative assets under management continued to stand at approximately $1.05 billion, representing about 1.47% of XRP’s total market capitalization.
Trading activity across listed XRP spot ETFs reached $14.48 million during the latest session. Bitwise’s XRP fund remained the largest with $330.84 million in net assets, followed by Canary at $265.30 million and Franklin at $261.68 million. According to SoSoValue, the XRP-linked investment products also finished the session with gains of more than 5%.
From a technical perspective, XRP continues to move within a descending corrective channel after climbing from roughly $1.02 to $1.18 earlier this month. Holding above the $1.12 support zone could keep attention on resistance near $1.15 and the recent high around $1.18, while a break below that level would expose the next support near the 50% Fibonacci retracement around $1.10.
The cryptocurrency market continues to struggle with dominant headwinds, with Bitcoin (BTC) hovering around the short-term $63,000 support, Ethereum (ETH) holding below $1,800 and Ripple (XRP) testing the demand area at $1.13.
Although the crypto Fear & Greed Index edged up to 27 on Tuesday from 24 the day before, sentiment remains firmly entrenched in Fear territory.
Persistent headwinds in the spot market, driven by the absence of major catalysts and ongoing macroeconomic uncertainty, continue to constrain momentum.
Crypto Fear & Greed Index | Source: AlternativeBitcoin, Ethereum attract capital inflows as XRP lagsBitcoin spot Exchange-Traded Funds (ETFs) are experiencing a steady return in inflows totaling $266 million on Monday and $222 million on Friday. The return of inflows broke an extended period of outflows, tracking back to June 16. Meanwhile, cumulative inflows stand at $51 billion, with net assets under management averaging $77 billion. If sustained, the inflows could boost Bitcoin’s recovery outlook.
Bitcoin ETF flows | Source: SoSoValueThe bullish outlook extends to Ethereum, as spot ETF outflows logged their third consecutive day of inflows, including roughly $15 million on Thursday, $29 million on Friday and approximately $21 million on Monday. Cumulative inflows hold steady at $11 billion, while net assets under management stand at near $10 billion.
Ethereum ETF flows | Source: SoSoValueAs for XRP, investor interest remains on the back foot, given the spot ETFs failed to register any flows on Monday. SoSoValue data shows an outlier of nearly $7 million in inflows on Friday. Meanwhile, cumulative inflows remain steady at $1.49 billion, while net assets under management average $1 billion.
XRP ETF flows | Source: SoSoValueRetail participation in the XRP derivatives market continues to weaken, as evidenced by a steady decline in perpetual futures Open Interest (OI). CoinGlass data shows OI slipped to $2.38 billion on Tuesday, extending a downtrend from $2.39 billion on Monday and $2.58 billion on Sunday.
From a broader perspective, current OI levels remain a fraction of the July 22 peak at $10.94 billion. Unless retail demand rebounds, a meaningful near-term recovery appears unlikely amid persistent investor fatigue.
XRP Futures OI | Source: CoinGlassPrice analysis: Bitcoin stays under pressureBitcoin trades above $63,000, keeping a bearish near-term bias as price remains below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $65,681, $69,349 and $75,460 respectively. The Parabolic SAR around $58,976 offers the nearest technical floor.
Meanwhile, momentum is mixed, with the Relative Strength Index (RSI) hovering just below the neutral 50 mark on the daily chart and the Moving Average Convergence Divergence (MACD) histogram holding in positive territory but not yet signaling a strong bullish acceleration.
BTC/USDT daily chartOn the topside, immediate resistance lies at the 50-day EMA at $65,681, followed by the 100-day EMA at $69,349 and then the more strategic 200-day EMA near $75,460, which collectively cap the broader recovery attempts. On the downside, initial support is highlighted by the Parabolic SAR level at $58,976, where buyers could attempt to slow any deeper pullback before the pair re-evaluates the current bearish structure.
Altcoins technical outlook: Ethereum and XRP decline amid mounting downside risksEthereum holds below a dense layer of moving average resistance and thus retaining a capped, mildly bearish near‑term tone. The spot price remains under the 50‑day EMA at $1,806, with the 100‑day EMA at $1,969 and the 200‑day EMA at $2,252 stacked higher, reinforcing the broader downside bias under the prevailing downward resistance trendline.
Momentum is constructive, with the MACD above zero and the RSI near 55 on the daily chart, which hints at recovery potential but does not yet negate the overhead technical barriers.
ETH/USDT daily chartInitial resistance emerges at the 50‑day EMA around $1,806, followed by the 100‑day EMA at $1,969 and then the 200‑day EMA near $2,252, where the longer‑term downtrend line also weighs, forming a broader supply zone. On the flip side, the latest Parabolic SAR reading at $1,592 offers the next notable support level. A break toward that area would signal fading bullish momentum, while a sustained move above $1,806 would be the first step toward easing the current bearish cap.
XRP, on the other hand, trades at $1.13, keeping a bearish near-term bias as price holds within a downward parallel channel and below the 50-day, the 100-day and the 200-day EMAs at $1.18, $1.28 and $1.50 respectively.
The pair also hovers closer to the lower half of the channel, with the Parabolic SAR offering support at $1.02 while the RSI eases back from the mid-50s on the daily chart, hinting at waning bullish momentum after the recent bounce.
XRP/USDT daily chartInitial resistance lies at the channel top near $1.17, followed by the 50-day EMA at $1.18, with the 100-day EMA at $1.28 and the 200-day EMA at $1.50 reinforcing a broader cap on recovery attempts. Looking down, immediate support emerges at the Parabolic SAR level around $1.02, ahead of the structural floor at the channel bottom near $0.83, where a break would likely extend the prevailing downtrend within the current daily structure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
In This Article Korea's XRP Ripple Premium Is Structural, Not AccidentalWhale Activity and Exchange Outflows Back the Retail StoryXRP Price Context: Recovery in Progress, Global Volume Softer XRP Ripple has reclaimed the top spot on Upbit, South Korea’s largest cryptocurrency exchange, with $52.33M in 24-hour trading volume, outpacing Bitcoin at $42.14M and Ethereum at $24.30M on the same venue.
Roughly 10% of Upbit’s entire $493.74M daily crypto exchange volume was in XRP while the two largest coins by global market cap finished second and third.
(SOURCE: CoinGecko)
The gap matters because Bitcoin and Ethereum represent the default institutional benchmarks for crypto demand. When XRP trading volume overtakes both on a major regulated exchange, it is a signal that Korean retail capital is rotating toward the token with intention, not just chasing a news headline.
Even with XRP dominating trading volume in South Korea, the token is trading at $1.13, down -1.4% over the past 24 hours, with overall daily trading volume at just over $1.71Bn.
Korea’s XRP Ripple Premium Is Structural, Not Accidental The current volume snapshot fits a pattern that has been building for years. According to Upbit’s own disclosure, XRP was the exchange’s largest digital asset by cumulative trading volume in 2025, surpassing $1 trillion in trading volume on the platform and exceeding Bitcoin’s total.
Ryan Yoon, an analyst at Tiger Research cited by Investing.com, attributes the sustained dominance to South Korean retail investors, particularly those in their 40s and 50s, rotating capital out of domestic and US equities and back into crypto, with XRP as their primary target.
Earlier this year, XRP trading volume on Upbit surged 289% in a single hour during a momentum window, compared to a 128% increase on Binance over the same period.
The divergence illustrates just how sensitive the Korean crypto market is to XRP price catalysts relative to global venues. PANews reports that approximately 15% of global XRP trading volume now originates from South Korea.
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Whale Activity and Exchange Outflows Back the Retail Story 🚨🚨🚨Something interesting is happening with $XRP liquidity.
Upbit just took the top spot in XRP trading volume, beating Binance, Coinbase, and every other global exchange on the heatmap.
Liquidity is positioning before headlines catch up.
Why is South Korea betting on $XRP? pic.twitter.com/OG61uKXEo1
— X Finance Bull (@Xfinancebull) March 8, 2026
The volume data is one half of the picture. The other is where the coins go after they are traded. In May, an unidentified investor withdrew 6.3 million XRP from Upbit in a single transaction.
Around the same time, on-chain data tracked by CoinGlass showed whale investors, large holders whose moves can shift market structure, pulled $135M worth of XRP off exchanges in a single week.
Exchange outflows, where coins move from trading platforms into private wallets, are a standard on-chain metric (a measure derived directly from blockchain transaction data) interpreted as accumulation rather than selling preparation.
Data from CoinGlass shows net XRP outflows from exchanges totaled $30.38M over the past seven days and $147.50M over the past month.
That combination, high spot trading volume on Upbit alongside sustained net outflows globally, suggests two distinct buyer cohorts: active Korean retail traders on one side and longer-horizon accumulators on the other.
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XRP Price Context: Recovery in Progress, Global Volume Softer The "3rd Retest" would be a gift 🎁 $XRP https://t.co/VaSUr4R1OR pic.twitter.com/kRbJ4Sc36Z
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) July 6, 2026
On the XRP Ripple price, the token bottomed at $1.01 during last month’s broader market selloff before recovering to approximately $1.14, a 12.87% rebound. Over the past week, it is up +8%, with a -1.4% loss in the most recent 24-hour window. XRP’s current market capitalization is roughly $77Bn, ranking it sixth among cryptocurrencies globally.
One counterpoint worth flagging: global XRP trading volume over the same 24-hour period fell 31% to approximately $1.21Bn. The strength on Upbit is therefore a Korean-specific phenomenon running against a softer global backdrop, not a uniform global surge.
That divergence reinforces the argument that domestic Korean crypto market dynamics, retail rotation, KRW liquidity depth, and Ripple’s longstanding relationships with Korean remittance providers are doing the heavy lifting.
Institutional demand is also building alongside the retail story. XRP-linked ETFs have attracted over $1.21Bn in cumulative inflows globally, according to data cited by TradingView, while Bitcoin and Ether spot ETFs recorded net outflows over the same period.
That institutional channel may eventually decouple XRP’s Korean spot activity from pure retail sentiment and anchor it to a broader demand base.
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EX DeFi is gaining attention as an AI-powered cloud mining platform, offering users access to BTC, DOGE, and LTC mining without owning hardware.
Summary
EX DeFi launched a cloud mining platform with AI-powered infrastructure and free computing power for new users. It has expanded its cloud mining services, highlighting AI optimization, security features, and multi-asset support. The platform has introduced AI-driven cloud mining services for BTC, DOGE, LTC, and other major digital assets. As we enter 2026, mainstream digital assets such as Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC) continue to attract widespread attention from global investors. For many newcomers to cryptocurrencies, how to participate in the digital asset market with a lower barrier to entry and explore long-term profit opportunities has become a key focus. Therefore, free cloud mining platforms are gaining popularity.
Compared to traditional mining models that rely on ASIC miners, cloud mining eliminates the need to purchase expensive equipment and incur electricity costs or complex maintenance. Users simply need to register to participate in the digital asset ecosystem through cloud computing power, starting their digital asset experience in a more convenient way.
Among numerous cloud mining platforms, EX DeFi has gradually become one of the most watched platforms in the market due to its AI-driven computing power optimization technology, automated management system, and transparent operating model. The platform offers a variety of cloud computing power products, helping users participate in the digital asset ecosystem more easily and efficiently, attracting the attention of many novice users and long-term investors.
EX DeFi – A Cloud Mining Platform to Watch in 2026 Register now and receive a $17 reward of computing power for new users!
For those new to cloud mining, EX DeFi offers a low-barrier-to-entry experience. The platform provides new users with $17 worth of free computing power, combined with AI-powered intelligent hosting and computing power optimization technology, making it easier for users to participate in cloud computing services. Whether someone is a cryptocurrency novice or someone looking to learn about long-term cloud computing models, EX DeFi makes it easy to start their digital asset journey.
EX DeFi Platform Advantages Compliance and Transparency
Headquartered in the UK, EX DeFi is committed to providing digital asset services within a transparent and compliant operating framework, continuously improving its platform operation system to create a more reliable user experience.
Security Protection
The platform employs an offline cold wallet storage solution, combined with the McAfee® cloud security system and Cloudflare® enterprise-grade network protection, providing multi-layered protection for user accounts, assets, and data security.
Supports Multiple Mainstream Digital Assets
The platform supports multiple mainstream digital assets, including BTC, ETH, XRP, USDC, DOGE, SOL, LTC, and USDT, meeting the asset management needs of different users.
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Cloud computing power earnings are settled daily according to platform rules. Users can flexibly manage their assets according to platform regulations, providing a more convenient experience for long-term participation in the digital asset ecosystem.
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How to Start Earning Passive Income? 1. Register
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2. Choose a Smart Contract Plan
Choose a popular mining contract that matches a particular budget and contract term, and start automatic mining with one click.
3. After purchasing the contract,
The system will automatically contribute computing power to the mining pool, and the rewards will be automatically credited to the account within 24 hours. No action is required; the principal will be automatically returned upon contract expiration.
Popular DeFi Yield Plans
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Conclusion: Why EX DeFi is one of the mining platforms to watch in 2026 As the digital asset industry continues to develop, cloud computing power is gradually becoming a convenient way for more and more users to participate in the cryptocurrency ecosystem. Among many platforms, EX DeFi has attracted the attention of more and more new users with its transparent operating model, intelligent computing power management, and simplified usage process, providing users with a more relaxed digital asset participation experience.
For office workers, freelancers, and digital asset novices who want to understand the cloud mining model with a lower barrier to entry, EX DeFi provides a more convenient way to get started. Users do not need to purchase complicated hardware equipment to participate in the digital asset ecosystem through cloud computing power, and further understand and experience how to create more income using computing power.
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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Cardano founder Charles Hoskinson said the enthusiasm surrounding XRP stems from a structural dynamic he calls Web 2.5, where a centralised company continuously builds real-world value around its native blockchain, creating a self-reinforcing cycle that retail and institutional markets reward.
Speaking in a wide-ranging discussion, Hoskinson described the pattern plainly. Ripple acquires a prime broker, closes a partnership, secures a licence, and each move adds to the value proposition of the XRP Ledger. The company and the token are linked, and the market prices in every step forward.
“Brad and the other gang, they just bought a prime broker and they just did this,” Hoskinson said. “Well, that’s a centralised company, right? But they know that that company’s going to use the XRP Ledger and so they’re going to kind of create this virtuous cycle here. The efforts of one actor is kind of driving the value proposition of the thing.”
Also Read :Ripple (XRP) Price Prediction 2026, 2027-2030: Will XRP Reach $5?
A Model He Once ResistedHoskinson placed XRP alongside Tether, Circle, BNB, and Canton as examples of what he calls Web 2.5, hybrid structures that combine regulated corporate entities with blockchain infrastructure underneath. He acknowledged he spent years pushing back against this model before concluding the market had settled the argument.
“There’s nothing wrong with it. I’ve been fighting it. I mean, I’ve thrown in that towel a long time ago,” he said. “If you look at CoinMarketCap, XRP, BNB, Circle, Tether, look at where they sit. That’s where all the growth is right now.”
The Web 2.5 category, in his framing, functions like a club. A central entity builds the infrastructure, attracts institutional participation, and drives network effects. Users and capital follow.
Also Read : Is XRP Really ‘Nothing’? Exclusive: What Hayes and Hoskinson Are Missing About Ripple
Where the Growth Goes NextHoskinson said the Web 2.5 boom will not stay contained to those platforms. As these hybrid networks bring billions of users into crypto, he expects activity to migrate into true Web 3 markets if cross-chain bridging infrastructure develops properly. Projects focused on interoperability and privacy, he argued, stand to capture that overflow.
For XRP specifically, the implication is that its position at the front of the institutional adoption wave, backed by Ripple’s regulatory wins and acquisition strategy, gives it structural advantages that pure decentralised protocols currently lack.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
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Stablecoin issuer Tether has announced a $20 million investment in Mercado Bitcoin, one of Latin America’s largest digital asset exchanges and on-chain financial platforms.
The financing round is meant to speed up the expansion of Mercado Bitcoin’s blockchain-based infrastructure across tokenization, digital payments, and credit markets in Brazil and the broader region.
Notably, Mercado Bitcoin is a key regional partner for San Francisco-headquartered enterprise blockchain firm Ripple. The two firms previously partnered to deploy Ripple Payments to facilitate cross-border treasury operations between Brazil and Portugal.
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Additionally, Ripple has supported Mercado Bitcoin's massive tokenization efforts, which included a recent initiative to bring over $200 million in permissioned real-world assets (RWAs) onto the XRP Ledger (XRPL).
With Tether now joining as a strategic investor, Mercado Bitcoin plans to use the $20 million to further build upon this regulated foundation.
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The exchange, which was founded in 2013, has become a full-stack financial services platform.
It currently serves roughly 4.5 million users and holds over ten licenses across Brazil and Europe, including a Payment Institution license from the Central Bank of Brazil.
According to the announcement, the new capital will be allocated to scaling Mercado Bitcoin's tokenized investment offerings.
The funds will also support the expansion of its stablecoin-powered payment rails, the growth of its lending and credit capabilities, and its ongoing international expansion efforts.
Tether's growing footprint in Brazil Tether CEO Paolo Ardoino noted that the investment aligns with the stablecoin issuer's broader corporate strategy.
Tether aims to support companies building practical infrastructure for mainstream, real-world utility in high-growth markets like Brazil.
Recently, the Tether-backed payments application Oobit integrated Pix, Brazil’s ubiquitous instant payment network created by the central bank. This massive integration makes it possible for the network's 170 million users to seamlessly deposit Brazilian reais.
XRP rival Stellar (XLM) has continued to thrive across both the crypto and the real-world asset ecosystem, hitting new milestones as adoption continues to grow.
According to recent data shared by the RWA Foundation earlier today, Stellar has surpassed $3 billion in on-chain real-world assets (RWAs) as its utility continues to expand.
Stellar hits new milestone With Stellar crossing $3 billion in its on-chain RWAs, the network has reached a new milestone as institutional adoption of tokenized assets continues to surge on the blockchain.
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The source further confirmed that the $3 billion milestone includes both the distributed and represented value, signaling a rapid surge in the amount of real-world financial assets being tokenized on the Stellar blockchain.
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Similar to the XRP network, Stellar has continued to focus on supporting seamless payments, asset issuance, and tokenization, making it a preferred hub for financial institutions seeking to bring traditional assets on-chain.
Stellar flips Ethereum and SolanaIn addition to the $3 billion milestone, Stellar has also emerged as the largest network for tokenized active investment strategies by distributed value.
More recent data showed that Stellar accounts for $620 million in distributed active strategies, a value that is far ahead of competing blockchain networks like Ethereum.
Next to Stellar, Ethereum ranked second with $342.9 million in total value distributed, followed by Mantle at $113 million, and Avalanche at $108.6 million.
The list continues as Polygon ranks fifth at $82.3 million, Arbitrum at $70.8 million, Monad at $61.3 million, Base at $40.4 million, Plume Network at $36.9 million, and Solana at $26.7 million.
The total value of real world assets (RWAs) tokenized on the Stellar network has surpassed 3 billion dollars, according to the latest figures released by the RWA Foundation. This new milestone not only highlights the rising institutional interest but also points to increased on-chain adoption of the Stellar blockchain in bringing traditional assets to digital platforms.
A new threshold in institutional adoptionCrossing the 3 billion dollar threshold marks one of Stellar’s most significant breakthroughs to date. Data shows that this figure covers both the value of assets actively distributed on-chain and those represented digitally. The surge reflects a sharp acceleration in the tokenization of traditional financial products on Stellar, reinforcing the platform’s appeal as a blockchain of choice for major players seeking to digitize real-world assets.
Stellar, often compared to XRP Ledger, has carved out a strategic position by focusing on payment infrastructure, asset issuance, and tokenization. This technical direction has made Stellar a favored network for financial institutions aiming to bridge conventional assets with blockchain innovations. The growth is further supported by the Stellar Development Foundation, a nonprofit committed to advancing the platform’s capabilities globally.
Data from the RWA Foundation revealed that the value of on-chain real world assets on the Stellar network has breached the 3 billion dollar mark, representing a pivotal moment in the ecosystem’s evolution.
Rising to the top in tokenized investment strategiesStellar’s boom isn’t limited to overall RWA value. The network now holds the top spot in the category of value distributed in tokenized active investment strategies, reaching 620 million dollars. This reflects not only asset representation but a growing adoption of digital investment vehicles on the Stellar blockchain.
Setting itself apart from the competition, Stellar’s distributed value in this space outpaces leading rivals. Ethereum, for instance, claims second place with 342.9 million dollars, while Mantle and Avalanche lag behind at 113 million and 108.6 million dollars, respectively. These figures underscore Stellar’s growing clout among both institutional and retail investors seeking blockchain-based investment products.
NetworkDistributed ValueStellar620 million dollarsEthereum342.9 million dollarsMantle113 million dollarsAvalanche108.6 million dollarsStellar pulls ahead of Ethereum and SolanaThe ranking continues with Polygon at 82.3 million dollars, Arbitrum at 70.8 million, Monad at 61.3 million, Base at 40.4 million, and Plume Network at 36.9 million dollars. Solana trails with only 26.7 million dollars in distributed value, occupying a lower position on the list.
This landscape reveals that Stellar has overtaken even larger ecosystems like Ethereum and Solana specifically within the sphere of tokenized investment products. The platform’s recent gains signal a changing dynamic in the pursuit to bring real world assets into the blockchain space, intensifying the competition among major networks.
Stellar has surged ahead of rival networks in tokenized active investment strategies, boasting a distributed value of 620 million dollars.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The crypto market may be sitting on a fragile foundation. According to a recent market health assessment from the CEO of Alphractal, unliquidated long positions have piled up across Bitcoin, Ethereum, XRP, and Solana, creating conditions where even a modest pullback could trigger a broader wave of selling.
The concern isn’t that prices have already collapsed. It’s that leveraged traders continue betting on higher prices while the market has produced only a weak advance. That imbalance, if left unresolved, could become the catalyst for a much sharper move lower.
Long Positions Continue To Stack UpLeverage has been doing most of the heavy lifting lately. The diagnosis suggests that BTC, ETH, XRP, and SOL now carry a significant buildup of long positions accumulated over the past month. These trades all depend on continued upside momentum, but without a strong breakout, they become increasingly vulnerable.
When too many traders are positioned on the same side of the market, price weakness can quickly turn into forced liquidations.
Domino Effect Could Hit Multiple AssetsThe warning extends beyond a single cryptocurrency. If a meaningful pullback begins, the analyst believes liquidations could spread rapidly across both derivatives and spot markets, amplifying selling pressure through a chain reaction. Among the major assets, Ethereum, Solana, and XRP are viewed as carrying greater short-term leverage risk than Bitcoin because of the heavier concentration of long positions.
That doesn’t guarantee a correction, but it does increase market sensitivity to negative price momentum.
Why A Cleanup May MatterOnce again, unliquidated Long positions are dominating BTC, ETH, XRP, and SOL.
The market has moved up very weakly over the past few days, and the current moment deserves a bit more attention.
Any slip in the next few hours could allow bears to take control, triggering a new… pic.twitter.com/PsDowAswSY
— Joao Wedson (@joao_wedson) July 7, 2026 The crypto market has seen this pattern before. Excess leverage often fuels sharp volatility, but it can also clear out speculative positions.
According to the assessment, removing excessive leverage may ultimately create healthier market conditions and lay the groundwork for a stronger recovery later. Until then, however, traders could face additional downside pressure and elevated fear if long positions begin unwinding across the market.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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Cayman Islands Trademark Secures Legal FoundationRipple-backed Evernorth has taken another step toward building a publicly traded $XRP treasury, registering its trademark in the Cayman Islands as its Digital Asset Treasury (DAT) initiative advances.
The Evernorth trademark has been publicly recorded in the Cayman Islands, with the filing handled by HSM IP Ltd., a Cayman-based intellectual property firm that frequently manages trademark registrations for companies operating in the jurisdiction. Public records show the word mark was registered under filing number T0004840, with an expiry date of April 1, 2036.
According to the Cayman Islands Gazette, the Evernorth word mark (No. T0004840) has been registered under Classes 36 and 42, covering a wide range of digital asset-related financial and technology services. Under Class 36, the trademark protects services related to digital asset portfolio creation and management, financial advisory and consulting for digital assets, digital asset treasury management, financial custody solutions, and investment strategy information for publicly traded investment funds.
The XRP Digital Asset Treasury is currently pursuing a business combination with Armada Acquisition Corp. II, a Cayman-domiciled SPAC. Establishing the trademark in the Cayman Islands complements this structure, as the jurisdiction is widely used by global investment vehicles due to its tax neutrality, asset protection framework, and efficient intellectual property and global licensing regime.
473 Million XRP and an Active Treasury StrategyEvernorth Holdings and Pathfinder Digital Assets held about 473.1 million XRP as of the end of last year. Ripple contributed 126.8 million XRP to Pathfinder under a contribution agreement, while the sponsor separately contributed 211.3 million XRP through a Series C subscription tied to the broader deal.
Rather than operating as a passive investment vehicle, Evernorth plans to actively grow its XRP reserves. Its strategy includes institutional lending, liquidity provisioning, and participation in decentralized finance (DeFi) yield opportunities to generate additional returns on its holdings.
If the deal closes, the combined company will list under the ticker XRPN and operate as a publicly traded XRP treasury. The company said it has raised over $1 billion in gross proceeds to create the largest public XRP treasury company on Nasdaq. Investors in the transaction include Ripple, SBI Holdings, Pantera Capital, Kraken, and Arrington Capital.
Sources:
The Crypto Basic: Ripple-Backed Evernorth Registers Trademark in Cayman Islands
CoinDesk: Evernorth Unveils 473 Million XRP Treasury and DeFi Strategy
SEC Filing: Evernorth Holdings Inc. Form 425
XRP is holding above key support near $1.11 after a sharp drop, but repeated failures to clear the $1.14–$1.15 zone show its rebound lacks confirmed momentum.Spot XRP ETFs logged a ninth straight week of net inflows despite regulatory uncertainty, underscoring steady institutional interest even as the CLARITY Act faces delays.Traders are watching $1.1110 on the downside and $1.14–$1.15 on the upside, with a clean break above $1.15 opening room toward $1.17–$1.20 and a drop below $1.1110 refocusing attention on $1.08.XRP is still trying to turn last week’s rebound into a cleaner breakout, but the move is struggling for follow-through. Buyers stepped in after a sharp drop toward $1.11 and drove the token back toward resistance, yet XRP failed to hold above the levels needed to confirm momentum. That leaves traders watching whether $1.13-$1.14 becomes support, or another ceiling.
News Background• XRP spot ETFs recorded a ninth consecutive week of net inflows, adding $17.19 million despite broader regulatory uncertainty.
• The CLARITY Act faced delays after a scheduled Senate vote was canceled before the congressional recess, removing a near-term catalyst for digital assets.
• Analysts continue to watch XRP’s long-term descending trendline, with the $1.14-$1.18 zone seen as the next area bulls need to clear.
• Several technical analysts pointed to improving structures, including bullish divergence from the $1.02 lows and a potential Elliott Wave advance, but those setups still require confirmation above resistance.
Price Action Summary• XRP traded near $1.1238 during the 24-hour session, holding above the $1.11 area after a volatile swing lower.
• The token underperformed CD5 by 143 basis points, showing the move was not strongly asset-specific.
• Volume ran 16.19% above the seven-day average, enough to show participation but not enough to confirm a clean breakout.
• The sharpest activity came near the session low around $1.1110, when volume reached 106.5 million XRP, about 129% above the 24-hour average.
• Buyers later pushed XRP toward $1.1507, but the move failed to hold near the upper end of the range.
Technical Analysis• The key development is that XRP defended the $1.11 area, but failed to turn the rebound into a sustained move above $1.13-$1.14.
• The earlier breakout above $1.08 remains intact, but the next leg higher needs stronger volume through resistance.
• The rejection near $1.1507 shows sellers are still active around the same zone that capped recent recovery attempts.
• The hourly structure weakened after XRP failed near $1.1308 and slipped back toward $1.1249, leaving a lower-high pattern intraday.
• XRP remains in a consolidation phase between support near $1.11 and resistance near $1.14-$1.15.
What traders should watch• $1.1110 is the key downside level after buyers defended it during the session.
• $1.1249-$1.1270 is the immediate support zone after the latest intraday pullback.
• $1.1308-$1.1325 is the first resistance area bulls need to reclaim.
• $1.14-$1.15 remains the bigger test after repeated failures near that zone.
• A clean move above $1.15 would shift attention toward $1.17-$1.20, while a break below $1.1110 would weaken the recent recovery and put $1.08 back in focus.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Key Highlights XRP gained approximately 8% over a seven-day period following a rebound from $1.03 Spot ETF net inflows decreased by 55% during June, falling from $132M to $59M The XRP Binance Scarcity Index reached 0.77, marking its highest reading in over 24 months Binance’s XRP holdings have declined 20% since November 2024, currently sitting at approximately 2.6 billion tokens Critical resistance level identified at $1.20, with upside target at $1.50 and downside risk at $0.80 XRP has demonstrated a solid recovery over the past week, posting gains of nearly 8% after establishing support at the $1.03 level. The digital asset is currently changing hands above $1.15, successfully reclaiming a price point that served as a support threshold before the June downturn.
XRP Price Market activity intensified significantly, with trading volume surging approximately 62% within a 24-hour window to reach $1.8 billion. Such dramatic volume increases typically indicate fresh market participation following periods of subdued trading activity.
This rebound follows a challenging June for XRP holders. The token experienced a significant decline from heights above $1.55 in February, ultimately bottoming out near the $1.00 to $1.04 range by late June—representing the most substantial holder drawdown in over a decade.
Institutional appetite, as measured through ETF flows, painted a cautious picture during this period. Net capital inflows to XRP-linked spot exchange-traded funds contracted from $132 million in May to just $59 million in June, representing a 55% month-over-month decline. Traditional finance interest appeared to wane despite the token’s price compression.
Source: SoSoValue Large Holders Accumulate as Exchange Inventory Tightens Blockchain metrics revealed a contrasting narrative within the cryptocurrency ecosystem. Daily active addresses on the XRP Ledger surged to levels not witnessed since February, as reported by Santiment. During that February timeframe, XRP traded within a $1.47 to $1.54 range.
Concurrently, the XRP Binance Scarcity Index climbed to 0.77 this week, representing its most elevated reading in more than two years, based on analysis from CryptoQuant researcher ArabxChain. This indicator quantifies XRP’s availability on Binance compared to historical benchmarks.
Source: CryptoQuant Binance’s XRP inventory has contracted by approximately 20% since November 2024, declining from roughly 3.27 billion tokens to around 2.6 billion currently. Holdings specifically dropped from about 2.8 billion in May to 2.6 billion by early July, coinciding precisely with the scarcity index’s breakout to new highs.
Market observers at ChartNerd highlighted this technical formation on X, describing XRP’s “3rd Retest” as a favorable entry point for position builders, characterizing it as “a gift” for chart-focused market participants.
Short Position Liquidations Contributed to Initial Rally Futures market data from Coinglass reveals funding rates plunged into deeply negative territory between June 26 and 28, coinciding precisely with the price bottom. This concentration of short positions created conditions favorable for a squeeze.
The subsequent rally to $1.13 appears consistent with forced short covering rather than organic new demand. Funding rates have since normalized to slightly positive, suggesting a healthier positioning landscape.
Immediate resistance is located at $1.20, which previously contained the mid-June recovery attempt. A confirmed daily close above this threshold would expose the $1.35–$1.40 region, representing approximately 22% upside from current pricing.
The daily Relative Strength Index currently reads near 55, indicating additional headroom exists before overbought territory becomes a concern.
The 200-day Exponential Moving Average is positioned at $1.50, which technical analysts identify as the primary bullish objective if buying momentum persists. Conversely, a breakdown below $1.00 would negate the current recovery thesis.
XRP volume recently exceeded Bitcoin on South Korean platform Upbit, providing an interesting data point as market participants evaluate whether genuine demand is materializing.
XRP is witnessing massive demand from across multiple fronts at once, recording capital inflows from real-world asset (RWA) tokenization on the XRPL, ETF inflows, and new wallets. Evernorth, a Ripple-backed digital asset treasury firm, revealed the development amid significant recovery in XRP price.
Huge RWA Tokenization Growth on XRPL: Evernorth Holdings Tokenized RWAs on the XRPL network have grown significantly from almost $150 million a year ago to more than $4 billion, Evernoth Holdings revealed on July 7. This marks a notable growth despite the bear market.
XRP treasury Evernorth highlighted that more than 500 products now live on XRPL. Notably, JMWH and Ondo Short-Term Government Bond Fund are leading tokenized assets representing nearly $2.5 billion in value.
As CoinGape earlier reported, JPMorgan, Ripple, Mastercard, and Ondo Finance completed first cross-border tokenized treasury settlement on XRPL. The transaction was settled in about 4 seconds.
in about four seconds,” Evernoth noted. It added that XRP is recording massive capital inflows from RWA tokenization.
Tokenized RWAs on the XRP Ledger (XRPL). Source: RWAxyz XRP ETFs Record Consistent Inflows Evernorth revealed that spot XRP ETFs follow tokenized RWA in capital inflows. XRP ETFs have recorded consistent inflows as compared to Bitcoin and Ethereum ETFs.
Spot XRP ETF inflows reached an 8th week streak, totaling $1.49 billion in cumulative net inflows. Notably, the spot ETFs recorded $17.19 million in total inflows last week. However, it is 4x smaller than the tokenized RWA market.
Evernorth has noted that these inflows signal a shift toward massive institutional participation. It bridges tradFi with the crypto market, as total net assets under management reach $1.05 billion.
XRP ETF Inflows. Source: SoSoValue Rise in XRP Wallets XRP price recovered more than 14% recently before paring gains. The price is currently trading at $1.13, with a 24-hour low and high of $1.11 and $1.16, respectively. Furthermore, trading volume has increased by almost 50% over the last 24 hours.
Evernorth claimed the recent recovery came amid a massive rise in new wallets last week. New wallets have increased from 18.1K to 26K within a few weeks. This marks the highest weekly count since March.
New XRP Wallets per Week. Source: Evernorth Meanwhile, CoinGlass data showed massive buying in the derivatives market in the past few hours. At the time of writing, the total XRP futures open interest jumped 1% to $2.38 billion in the last 4 hours. Futures OI on CME jumped 3.21% and almost 0.75% on Binance.
Ripple has secured a Crypto-Asset Service Provider (CASP) authorization from Luxembourg’s financial regulator, CSSF, achieving full regulatory approval within the European Union under the Markets in Crypto-Assets (MiCA) framework. This milestone enables Ripple to provide compliant crypto payment solutions across 30 countries in the European Economic Area (EEA).
Single authorization powers EU-wide operationsBuilding on its earlier approval in June and in combination with its existing Electronic Money Institution license, Ripple now enjoys a significantly expanded operational scope within the EU. This means the company can offer regulated services across all EEA countries without the need to secure individual licenses for each nation.
Cassie Craddock, Ripple’s Managing Director for the UK and Europe, emphasized that Ripple is now fully compliant in Europe and ready to scale in the post-MiCA landscape.
This authorization allows financial institutions, payment firms, and enterprise clients to benefit from Ripple’s regulated payments infrastructure in all 30 EEA countries. With this structure, Ripple becomes one of the select digital asset companies holding both full MiCA authorization and an electronic money license at the same time.
Quick glossary: CSSF is the official authority supervising Luxembourg’s financial sector. CASP refers to the license required under MiCA to offer crypto asset custody, trading, transfers, and related services.
MiCA transition period now endedThe European Union’s transition window for MiCA compliance closed on July 1, 2026. After this deadline, crypto companies operating without the necessary authorizations must either cease activities within the EU or risk facing regulatory sanctions.
On Friday, the European Securities and Markets Authority published an updated list featuring 280 authorized crypto-asset service providers. This figure, up from 243 the previous week, reflects the addition of 37 new entrants, including Standard Chartered, FalconX, and Sygnum Europe.
Compliance race among exchanges and firmsNot all companies managed to meet the deadline. Binance, the world’s largest crypto exchange by trading volume, withdrew its MiCA license application in Greece before July 1. The company is now seeking approval through another EU country as part of its revised strategy.
Because day-to-day oversight remains with national authorities, regulatory implementation may vary across member states. For example, Belgium’s Financial Services and Markets Authority recently added six crypto firms to its unauthorized service provider list, after finding they were operating without proper approval.
Ripple’s global licensing footprint expandsRipple’s regulatory portfolio has now surpassed 75 licenses worldwide, spanning multiple regions. This includes approval from the UK’s Financial Conduct Authority, granted in January 2026. The newly acquired authorization from Luxembourg marks the latest step in Ripple’s strategy to grow its global licensing network.
By integrating crypto-asset services with electronic money operations, Ripple gains a broader financial reach than many competitors. Following MiCA’s implementation, the company is expected to further expand its institutional payments business across Europe within this regulatory framework.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Key Highlights Ripple committed to match contributions to the Call of Duty Endowment up to $10,000 in XRP during an Independence Day charitable initiative The Call of Duty Endowment focuses on connecting unemployed military veterans with employment opportunities and has successfully placed more than 165,000 veterans Ripple initiated a promotional campaign at Union Station in Washington D.C. advocating for clearer cryptocurrency regulations Ripple obtained its MiCA license through Luxembourg’s financial oversight authority, enabling full regulatory compliance throughout all 30 European Economic Area nations Ripple currently maintains over 75 regulatory licenses globally, with XRP valued at approximately $1.14 during this reporting period On Independence Day, Ripple revealed its commitment to match charitable contributions made to the Call of Duty Endowment with a cap of $10,000 in XRP. This initiative aligned with America250’s Giving4th program, which encourages July 4th to be recognized as a nationwide day dedicated to philanthropic contributions.
The Call of Duty Endowment operates as a charitable organization dedicated to assisting unemployed veterans in securing quality employment in the civilian workforce. According to the organization, it has successfully facilitated job placements for more than 165,000 veterans and aims to reach 200,000 placements by the year 2030.
Ripple opened the donation platform to accept multiple forms of contributions, including cash, stocks, XRP, and its dollar-backed stablecoin RLUSD. The blockchain firm pledged to provide matching funds in XRP once the donation threshold of $10,000 was achieved.
As of this report, the fundraising effort had accumulated $814.19. XRP was being exchanged at approximately $1.14, reflecting a decline of roughly 50% compared to the previous year.
Ripple’s CEO Brad Garlinghouse was acknowledged by social media users for his support of this charitable endeavor.
Ripple Launches Advocacy Campaign in Nation’s Capital Ripple simultaneously unveiled a physical advertising initiative at Union Station in Washington D.C., recognized as one of America’s most heavily trafficked transportation centers. The promotional materials feature statements such as “It’s happening with Ripple” and “More certainty for crypto.”
The strategic placement positions Ripple’s messaging directly in view of lawmakers, corporate leaders, and the millions of commuters passing through daily. Cryptocurrency analyst SMQKE was among the first to draw attention to this campaign.
This strategic move arrives during a pivotal moment as the United States digital asset sector navigates evolving policy frameworks. Ripple seems to be establishing itself as an organization prioritizing regulatory transparency.
Ripple Achieves Significant European Regulatory Milestone On July 6, Ripple disclosed that it had been granted authorization for its Crypto Asset Service Provider license by Luxembourg’s Commission de Surveillance du Secteur Financier. This achievement establishes Ripple as fully compliant within the European Union’s Markets in Crypto-Assets Regulation framework, commonly referred to as MiCA.
This regulatory clearance enables Ripple to provide compliant digital asset services throughout all 30 nations within the European Economic Area. The authorization extends to financial institutions, corporations, and commercial enterprises across the entire region.
According to Ripple, the company now possesses more than 75 regulatory licenses on a worldwide basis. The MiCA authorization grants Ripple access to one of the planet’s most substantial regulated financial ecosystems.
The blockchain payments company demonstrated activity across several strategic areas, merging philanthropic engagement, public awareness initiatives, and regulatory advancement within the same seven-day period.
XRP traded near $1.13 on July 7, down 1.69% in the past 24 hours, according to crypto.news market data.
Summary
XRP’s rebound needs a clear break above $1.14 to confirm stronger short-term momentum for bulls. ETF inflows remain positive, but CLARITY delays have removed a near-term policy catalyst for XRP. Spot CVD has improved across exchanges while Binance perpetual traders keep selling into rebounds. The token moved between $1.11 and $1.16 during the session, while trading volume stood at about $1.73 billion.
The rebound from the late-June low near $1.00 remains intact, but buyers have not yet turned it into a stronger breakout. the token pushed back toward the $1.14 to $1.18 zone, but it failed to hold the upper part of that range.
The price now sits near a short-term decision area. A close above $1.14 would show that buyers are gaining control. A clean move above $1.18 to $1.20 would give bulls a stronger signal and place the next resistance levels back in focus.
The downside level is also clear. If XRP loses $1.10, the current rebound would weaken. A move below that area could expose $1.06, which some traders now see as the next retest zone.
XRP ETF inflows help, but policy catalyst slips The recovery has come while XRP-linked investment products continue to attract demand. The latest background data showed spot XRP ETFs recorded a ninth straight week of net inflows, adding $17.19 million despite broader policy uncertainty.
Those inflows have helped support the market, but they have not been enough to break the larger downtrend. As previously reported, XRP ETFs gave investors regulated access, but they did not solve the wider legal question around XRP’s status under U.S. law.
The CLARITY Act remains the main policy catalyst for many traders. The bill missed its July 4 target and now faces an Aug. 7 deadline before the Senate’s summer break.
That delay removed a near-term trigger for digital assets. The bill has passed the House, cleared the Senate Banking Committee, and sits on the Senate calendar, but staff still need to merge Banking and Agriculture versions before a full Senate vote.
Moreover, Standard Chartered has said XRP ETFs could attract $4 billion to $8 billion in first-year inflows if CLARITY passes. That forecast depends on legal clarity unlocking larger institutional demand.
Technical setup stays mixed The XRP/USDT daily chart shows price recovering from the late-June low, but the broader trend remains weak after the June breakdown. The token is trading above the middle Bollinger Band near $1.10, which keeps the short-term rebound alive.
The upper Bollinger Band sits near $1.18. That matches the area traders are watching for a stronger breakout. Until the token closes above that zone, the move remains a rebound inside a weak structure rather than a confirmed trend shift.
XRP price chart, source: crypto.news The lower Bollinger Band sits near $1.01. That level remains important if selling pressure returns. A break below $1.10 would increase the risk of a move back toward that area.
Momentum also shows a mixed picture. The Stochastic RSI is elevated, with readings near 88.63 and 95.08. That shows strong short-term momentum, but it also places XRP close to overbought territory. Since the faster line has moved below the slower line, the rebound may be losing some force.
EGRAG Crypto said XRP must defend $1.10 after moving below the 21 EMA on the four-hour chart. He said, “Hold $1.10 = structure still alive,” while a loss of $1.06 would increase caution.
#XRP – The Retest That Matters 👀 – Short-Term ( 4H TF): #XRP is now at the real short-term test.
📒Note: We broke below the 21 EMA, and you all know the 21 EMA is my momentum gauge across timeframes.
📒Note: But the structure is not dead yet. Why? Because #XRP is now wicking… pic.twitter.com/8T7pBTbQHE
— EGRAG CRYPTO (@egragcrypto) July 6, 2026 Dark Defender took a more bullish weekly view and said XRP is “launching the Wave 5 without the Clarity Act.” Other analysts also pointed to higher long-term targets, but those views still depend on price clearing the current resistance zone first.
Spot demand rises while perps stay defensive On-chain and derivatives data show a split market. CryptoQuant analyst Amr Taha said XRP’s estimated spot CVD across centralized exchanges rose from about minus $42 million on May 12 to plus $406 million by July 7.
That change points to stronger spot buying across exchanges. It suggests market buyers have absorbed more available XRP supply over the past two months.
The derivatives market shows the opposite trend. Binance perpetual CVD fell from about minus $48 million to minus $783 million over the same period. That shows sustained sell-side pressure from perpetual traders.
Open interest also fell from about $255 million on May 22 to $203 million on July 7. That drop suggests leveraged traders have reduced exposure while spot buyers have become more active.
Binance spot data has improved, but it has not turned positive. Estimated spot CVD on Binance rose from about minus $212 million on June 25 to minus $173 million on July 7, showing that selling pressure has eased but not fully reversed.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Ripple has announced it will match all XRP donations up to $10,000 in support of a fundraising drive for the Call of Duty Endowment, timed to coincide with America’s Independence Day. The campaign, which aligns with America250’s Giving4th initiative, encourages nationwide participation in giving and solidarity on July 4th. Ripple’s matching offer aims to boost engagement and support for veterans seeking employment opportunities after their military service.
Ripple pledges support for veteransCall of Duty Endowment is a nonprofit organization dedicated to helping unemployed military veterans find meaningful work in civilian life. According to the foundation, over 165,000 veterans have been placed in jobs so far, and its goal is to increase this number to 200,000 by 2030. Ripple announced that contributions could be made in cash, stocks, XRP, or the US dollar–backed stablecoin RLUSD, and committed to matching every donation up to $10,000 in XRP.
At the time of reporting, the campaign had collected $814.19, with XRP trading at around $1.14. Social media users expressed their gratitude to Ripple CEO Brad Garlinghouse for his support of the initiative. Garlinghouse, known as a prominent leader at Ripple, often represents the company in its statements on regulatory developments.
Ripple has pledged to match donations to the Call of Duty Endowment up to $10,000 in XRP, channeling this assistance to support US veterans through the organization’s programs.
The matching campaign not only highlights Ripple’s commitment to corporate social responsibility, but also leverages the cryptocurrency community’s enthusiasm for charitable causes. By supporting veteran reintegration efforts, Ripple aims to make a broader impact as part of the July 4th Giving4th movement.
Regulatory spotlight in WashingtonSimultaneously, Ripple launched a physical advertising campaign at Union Station in Washington, DC, one of America’s busiest transit hubs. The campaign’s messaging emphasized Ripple’s ongoing leadership role and called for greater regulatory clarity in the cryptocurrency market.
With this strategic placement, Ripple brought its message face to face with policymakers, business leaders, and the thousands of commuters passing through the station daily. Cryptocurrency analyst SMQKE was among the first to highlight the campaign on social media, underscoring its public reach.
The advertisements at Union Station brought Ripple’s call for clearer crypto asset regulations directly into the center of attention for key decision-makers and the business community.
The campaign represents Ripple’s broader effort to influence regulatory dialogue and underscores the importance of structured policies for the digital asset sector in the US.
On July 6, Ripple received approval for a Crypto Asset Service Provider license from Luxembourg’s financial regulator, CSSF. This development allows the company to operate compliantly under the European Union’s Markets in Crypto-Assets (MiCA) legal framework, which creates uniform rules for providing crypto services across the EU.
MiCA (Markets in Crypto-Assets Regulation) is the EU’s comprehensive legislation setting common standards for crypto service providers, while CSSF oversees financial regulations in Luxembourg. The new authorization enables Ripple to offer compliant digital asset services in all 30 countries within the European Economic Area, expanding its reach to financial institutions, corporations, and commercial enterprises across the region.
Ripple stated that it now holds more than 75 regulatory licenses worldwide. In the same week, the company launched a charitable campaign, conducted a visibility initiative in the US capital, and solidified its regulatory standing in Europe—a series of coordinated moves reflecting Ripple’s multifaceted global strategy.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
DOGE, ADA, and XLM are the other losers from the larger-cap alts.
Bitcoin’s price faced a real rollercoaster in the past 24 hours after Strategy announced another sale, this time a lot bigger than the previous. However, it managed to recover most of the losses and even spiked somewhat surprisingly.
Most altcoins have remained relatively sluggish on a daily scale. XRP has dipped further away from a critical support line after failing at $1.15 earlier.
BTC Rebounds After Strategy Drop Bitcoin dipped below $58,000 on July 1 for the first time in nearly two years but reacted well and started to recover some of the losses almost immediately. It surged past $60,000 and kept climbing in the following days, even during the past weekend.
Its gradual rebound pushed the asset to over $63,500 on Sunday, where it faced resistance and slipped to under $63,000. Another leg up followed on Monday morning, with the bulls driving BTC to $64,000 for the first time in about two weeks.
However, then came the big news from Strategy. The largest corporate holder of BTC disposed of over 3,500 units, which led to an immediate price drop to $61,200. As the FUD kept spreading, though, the cryptocurrency rebounded instantly and surged past $64,500 by the end of the day to mark another local peak.
It couldn’t keep climbing and has returned to $63,000 as of now, the level it stood at yesterday before Strategy’s announcement. Its market cap remains above $1.260 trillion, while its dominance over the alts is still at 56.6% on CG.
BTCUSD July 7. Source: TradingView XRP, DOGE in the Red Most larger-cap alts have managed to defend their levels after yesterday’s volatility. Ethereum is still stuck between $1,750 and $1,800, while BNB remains below $580. XRP has dropped further away from the key support at $1.15 following a 1.3% daily decline to $1.1275.
Even more painful drops are evident from DOGE, ADA, XLM, and CC. While the first couple are down by 2-3%, the last has dumped by over 5% daily. In contrast, SOL, HYPE, RAIN, and ZEC have posted minor gains, while WLFI, AAVE, MORPHO, and DEXE have gained up to 8%.
The total crypto market cap continues to sit in a familiar range, currently at $2.240 trillion.
Cryptocurrency Market Overview July 7. Source: QuantifyCrypto
In recent days, the cryptocurrency market has seen a wave of rebound buying, creating distinct technical patterns among three major assets. While attempts at recovery in Dogecoin and Bitcoin have so far been limited, XRP’s daily chart has shown a noteworthy RSI divergence—a potential early sign of a reversal. Despite these movements, trading volumes across all three cryptocurrencies remain insufficient to confirm a strong market rebound.
Dogecoin’s recovery lacks strong volumeDogecoin has managed to bounce from its local low around $0.07, clawing back some recent losses. However, the technical outlook suggests this is more of a brief relief rally than the beginning of a lasting trend reversal. Low trading activity remains the weakest link in Dogecoin’s latest upward attempt.
Despite modest gains in recent sessions, purchasing interest in Dogecoin lags behind levels seen during past recoveries. Historically, significant Dogecoin rallies have coincided with clear spikes in trading volume. The current situation indicates that buyers have yet to return to the market in force.
The latest green candles on Dogecoin’s chart have formed with relatively low participation, leading analysts to view the move as a temporary reaction rather than a sustained rally.
DOGE continues to trade below all major moving averages, maintaining a bearish technical structure. Even if a short-term bounce materializes, strong selling pressure is expected between $0.08 and $0.09. Since the May peak, Dogecoin’s price action has consistently set lower highs and lower lows, a classic hallmark of a downtrend.
XRP’s bullish RSI divergence stands outXRP has delivered one of the most notable technical signals in recent weeks. Even as its price touched a new local low near $1.05, the RSI indicator did not confirm the drop. This setup, known in the market as a bullish divergence, is often interpreted as an early hint of a potential reversal.
Glossary: RSI, or Relative Strength Index, is a momentum indicator. When price makes a new low but RSI does not, this divergence can signal weakening selling pressure.
This pattern suggests that while sellers can still push XRP to short-term lows, the downside momentum appears to be fading. Nonetheless, the broader trend has yet to turn positive. XRP continues to trade beneath all major moving averages, with the 50-day exponential moving average now acting as the nearest dynamic resistance.
XRP’s bullish RSI divergence is currently the most promising positive signal on its chart, though a meaningful reversal will require both a breakout above resistance and strong trading volume.
Should XRP reclaim ground above the 50-day average, the $1.20 to $1.30 range may come back into play. This area aligns with the 100-day moving average and former support-turned-resistance levels. For now, however, normal trading volumes indicate that the latest recovery has yet to attract broad-based buying.
Bitcoin’s cautious recovery keeps sentiment in checkBitcoin has rebounded from its recent low near $59,000, but current price action fails to confirm a strong trend reversal. The end of June’s sharp sell-off offered the market a brief respite, but the wider technical picture still calls for caution rather than optimism.
The break of the trendline that had supported April and May’s climb triggered a sharp wave of liquidations, erasing much of the preceding gains. While rapid drops can sometimes lead to short-lived rebounds, most analysts do not see the latest move as evidence of a lasting turnaround. Notably, the strongest trading volumes of recent weeks have taken place during sell-offs, indicating distribution rather than accumulation.
For Bitcoin to signal a more reliable comeback, it must first reclaim the 50-day exponential moving average around $63,000, followed by the 100-day average near $66,000. Until these levels are recovered, the current upswing will be viewed as a technical relief rally within a broader downtrend.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Leading cryptocurrencies moved sideways on Monday as high-profile Bitcoin sell-offs were offset by growing optimism for a Strategic Bitcoin Reserve.
Bitcoin Dips And Then RipsEthereum oscillated between $1,728 and $1,820 throughout the day, with trading volume surging 43% over the last 24 hours.
Over $500 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $300 million in bearish short positions erased, according to Coinglass data
Market sentiment improved from “Extreme Fear” to “Fear,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.21 trillion, following a modest increase of 0.48% over the last 24 hours.
Stocks Rally To Kick Off Big WeekStocks started the fresh trading week on a high. The Dow Jones Industrial Average rallied 136.46 points, or 0.26%, for a record close of 52,319.20. The S&P 500 gained 0.79% to close at 7,499.36, while the tech-heavy Nasdaq Composite
lifted 1.52% to settle at 26,213.72.
What To Expect Next?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, reaffirms his Bitcoin thesis, noting a higher low formed and potential tests of recent highs in the days ahead.
“There’s a lot of upside to come if Bitcoin breaks back in the range, as the liquidity will likely flow towards altcoins rather than Bitcoin,” the analyst projected.
Ali Martinez, another influential cryptocurrency commentator, flagged $1,796 as the immediate resistance for Ethereum, with a daily close and hold above it strengthening the case for a rally to the realized price target of $2,245.
Photo Courtesy: vinnstock on Shutterstock.com
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Ripple (XRP) and Stellar (XLM) are trading under pressure on Tuesday as bulls lose steam. XRP faces rejection near key resistance, while XLM continues its pullback so far this week. Despite the ongoing correction, mixed on-chain and derivatives metrics suggest traders remain cautiously optimistic for these altcoins.
Mixed sentiment among derivatives tradersDerivatives data shows a mixed outlook. CoinGlass’ long-to-short ratio for XRP reads 0.73 on Tuesday, the lowest level over a month. During the same period, XLM's long-to-short ratio stands at 0.84, nearing the lowest level over a month. This ratio, being below 1, reflects bearish sentiment in the market, as more traders are betting the asset’s price will fall.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassHowever, XRP and XLM funding rates remain positive, at 0.0061% and 0.0058%, respectively, on Tuesday. These positive rates indicate that longs are paying the shorts, suggesting bullish sentiment.
XRP funding rates chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassOn-chain metrics show cautious optimismCryptoQuant’s summary data shows cautious optimism. XRP’s spot and futures markets show large-whale orders, with neutral conditions on other metrics, supporting a potential recovery. However, XLM shows selling-side dominance in both markets, with mixed retail activity and large-whale orders in the futures market, hinting at cautious sentiment among traders.
XRP summary data chart. Source: CryptoQuant
XLM summary data chart. Source: CryptoQuantSoSoValue data shows institutional demand began the week with a neutral tone. Spot Exchange-Traded Funds (ETFs) were muted on Monday, following a net inflow of $17.19 million last week. If this inflow trend continues and intensifies this week, XRP could see a recovery ahead.
Total XRP spot ETF net inflow weekly chart. Source: SoSoValueXRP technical outlook: Faces rejection from 50-day EMAXRP price trades at $1.1393 on Tuesday, maintaining a bearish near-term tone as it remains below the 50-day Exponential Moving Average (EMA) at $1.1820, the 100-day EMA at $1.2834 and the longer-term 200-day EMA at $1.4912.
The downward parallel channel offers a modicum of structure, with price holding above its lower band around $1.1054, while the Relative Strength Index (RSI) hovers near a neutral 51, and the Moving Average Convergence Divergence (MACD) stays in positive territory but shows a slight loss of momentum, hinting at a capped recovery rather than a decisive trend reversal.
On the topside, immediate resistance emerges at the 50-day EMA at $1.1820, followed by the 100-day EMA at $1.2834 and the horizontal barrier at $1.3000, with the 200-day EMA at $1.4912 and the prior resistance line near $1.9000 marking higher hurdles for any sustained advance.
On the downside, initial support aligns with the lower boundary of the descending channel around $1.1054, and a clear break below this floor would reinforce the prevailing bearish bias and open the door to a deeper pullback in the coming sessions.
XLM technical outlook: Finds support around key levelsXLM price trades at $0.1978 on Tuesday, holding above the 50-day and 100-day EMAs at $0.1922 and $0.1872, reinforcing a mildly bullish near-term bias. The pair is still capped just underneath the 200-day EMA at $0.1985 and the 61.8% Fibonacci retracement at $0.2001, while the RSI around 51 and a positive MACD line above zero suggest steady but not overextended upside momentum.
On the topside, initial resistance is at the 200-day EMA at $0.1985, followed closely by the 61.8% Fibonacci retracement at $0.2001, with higher hurdles at $0.2188 and $0.2376 before the next Fibonacci barrier at $0.2607.
On the downside, immediate support is seen at the 50-day EMA at $0.1922, ahead of the 100-day EMA at $0.1872, while a horizontal level at $0.1774 and the 78.6% Fibonacci retracement at $0.1735 guard against a deeper pullback before the more distant structural floor near $0.1421.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Ripple FAQs Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.
XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.
XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.
XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
XRP is now close to a recording death cross between the 20-week EMA and the 200-week SMA, which could determine its next direction from here.
A death cross forms when a short-term moving average drops below a long-term one. While this is often discussed in terms of the 50-day and 200-day moving averages, the same idea applies to other pairs, including the 20-week EMA and the 200-week SMA.
200W SMA and 20W EMA Seeing Opposing Trends Right now, this crossover has not happened yet, but it looks very close. Since October 2025, the two indicators have been moving in opposite directions and seem to be gradually converging.
Notably, the 200-week SMA has been rising since late 2024, but only at a slow and steady pace. Meanwhile, the 20-week EMA entered an uptrend from November 2024, but things changed after it reached a high of $2.77 in October 2025. Since then, the shorter-term average has been falling.
The gap between these two indicators has become smaller over time. At the moment, the 20-week EMA stands at $1.34 and is still declining, while the 200-week SMA has climbed to $1.209 and continues its gradual rise.
XRP Weekly Death Cross Imminent If the 20-week EMA falls below the 200-week SMA, it would be the first time this has happened since November 2024. For context, in November 2024, the moving averages witnessed a golden cross, which coincided with a broader market rally linked to Donald Trump’s election victory.
What This Could Mean for XRP Price Action A death cross usually points to growing selling pressure. In this case, it would show that sellers are gaining more control and that the downtrend is still in place. However, in some cases, this signal appears close to a market bottom.
For instance, in July 2022, XRP showed a similar pattern. At that time, the price had already dropped to a low of $0.28 in June 2022 and was starting to recover. After the death cross formed, XRP still fell slightly to about $0.31 by Q3 2022.
Following this low, the market stabilized, but XRP saw a consolidation instead of a decisive uptrend despite avoiding further declines. A strong bull run did not begin until November 2024, nearly two years later.
However, not every case follows the same path. During the 2018/2019 bear market, a similar crossover happened in October 2019. XRP continued to fall for several months after the signal, eventually reaching a low of $0.1140 in March 2020. It took about five months for the market to find a bottom.
However, this period coincided with the March 2020 crash caused by the COVID-19 crisis, which many see as an unexpected Black Swan event.
As a result, some analysts treat it as an exception. If no similar shock happens now, XRP could follow the 2022 pattern, where the death cross appeared close to the bottom and was followed by a period of consolidation within weeks.
Key XRP Levels to Watch While each market cycle is different, data from these past trends suggest that XRP could form a bottom between now and the end of the year or within the next six months, depending on how the market develops.
Most analysts believe the next major support lies between $0.8 and $0.9. On-chain data supports this view. Specifically, the UTXO Realized Price Distribution (URPD) shows that below the $1.06 support level, the next strong support sits around $0.8, where about 923 million XRP was previously traded.
With XRP currently priced at $1.13, a drop to the $0.8 to $0.9 range would mean a decline of around 20% to 29%. Whether the price reaches that level or stabilizes earlier will depend on how the market reacts as this possible death cross plays out.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP outperformed both Bitcoin and Ethereum in daily trading activity on South Korea’s largest crypto exchange, Upbit, highlighting its continued appeal among local traders.
Over the past 24 hours, Upbit recorded a total trading volume of $493.74 million. During this period, XRP led all assets with $52.33 million in trades, accounting for nearly 10% of total exchange activity.
By contrast, Bitcoin posted $42.14 million in volume, representing 8.54% of the total. Meanwhile, Ethereum followed with $24.3 million, or 4.92% of overall trading activity.
Notably, the data shows that XRP maintained a clear lead over the two largest cryptocurrencies by market cap on the exchange during the reporting window.
XRP Surpasses Bitcoin and Ethereum in Volume on Upbit South Korean Traders Continue to Favor XRP Beyond the latest figures, XRP’s strong performance on Upbit reflects a broader and persistent trend in South Korea’s crypto market.
Earlier this year, XRP trading activity on Upbit surged sharply, including a notable 289% spike in volume within a single hour. During the same period, Binance recorded a smaller 128% increase, underscoring the intensity of Korean market participation.
In addition, large-holder activity has reinforced this demand. In May, an unknown investor withdrew 6.3 million XRP from Upbit. Around the same time, on-chain data showed whales moving $135 million worth of XRP off exchanges within a week, a pattern often associated with long-term accumulation.
Overall, XRP’s ability to outperform Bitcoin and Ethereum on Upbit highlights its unusually strong foothold in South Korea’s trading ecosystem.
XRP Extends Recovery After Market Sell-Off Meanwhile, XRP continues to recover from last month’s broader market downturn, which briefly pushed its price down to $1.01.
Since then, XRP has rebounded to around $1.14, marking a 12.87% gain. Despite this recovery, global trading activity has cooled, with XRP’s overall volume falling 31% over the past 24 hours to about $1.21 billion.
Nonetheless, momentum remains cautiously positive. XRP has climbed 0.23% over the past day and roughly 9.5% over the past week, as buyers gradually re-enter the market. XRP currently ranks as the sixth-largest cryptocurrency globally, with a market cap of about $70.79 billion.
Interestingly, spot flow data from CoinGlass shows that investors are steadily withdrawing XRP from exchanges. Over the past seven days, investors have removed $30.38 million worth of XRP from trading platforms. In addition, they have pulled a total of $147.5 million over the past month, according to CoinGlass data.
These consistent outflows suggest that more investors are moving XRP into long-term holdings rather than keeping it on exchanges for trading.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The recovery in Bitcoin and altcoins that began last week has given way to a decline following the sell-off news from Strategy.
As the BTC price falls below $62,000, Ethereum and altcoins are also experiencing significant declines.
With the FOMC minutes expected to be released this week, one analyst says the crypto market has entered a significant recovery phase in the short term.
However, the analyst also warns that the bear market trend is not yet over and further declines are likely later in the year.
In this context, Gareth Soloway, who has 24 years of experience in technical analysis, shared his price expectations for Bitcoin, Ethereum, and XRP in his latest YouTube video.
1) Bitcoin (BTC): The analyst indicates that the short-term target is the $73,000 to $74,000 range, where a significant downward trend line acts as resistance.
The analyst also notes that he will maintain his short-term bullish outlook if Bitcoin remains above $58,000 on a closing basis.
However, the analyst adds that this expectation is short-term, that the final phase of the bear market has not yet arrived, and that he expects Bitcoin to eventually fall below $50,000 as part of the final phase.
2) Ethereum (ETH): Analysts note that Ethereum, the largest altcoin, has broken out of a significant trendline structure, and the first resistance will be around $1,800.
The analyst, who believes ETH will break through this resistance, stated that ETH will rise towards $2,000 and will reassess itself at that level.
3) XRP: The analyst, who also stated that he expects a short-term rise for XRP, noted that the wedge formation on the XRP chart is breaking out, which could mean further upside.
According to the analyst, XRP has broken out of a multi-month wedge formation that extends until early 2025. The analyst believes that the longer the wedge formation lasts, the larger the breakout movement tends to be.
Finally, the analyst added that before the next upward move in XRP, he expects a pullback towards $1.1, and then targets the $1.25 resistance zone.
*This is not investment advice.
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Optimism is surging once again for XRP, as expectations of a significant rally have started to regain traction in the crypto market. Crypto analyst Dark Defender claims that XRP has entered the long-awaited fifth wave in its Elliott Wave cycle, emphasizing that this rally is driven more by technical analysis than by regulatory developments.
A focus on technical factorsAccording to Dark Defender, XRP has completed its weekly correction, paving the way for a new upward trend. The analyst notes that this process began independently of the passage of the CLARITY Act in the United States—a proposed bill aiming to clarify the regulatory landscape for digital assets.
XRP is kickstarting its fifth wave without waiting for the CLARITY Act. The weekly correction has wrapped up. Double-digit prices could be next.
This assessment suggests that hopes for a bullish breakout in XRP are being shaped more by price action and technical signals than by pending regulatory outcomes. While some investors still see regulatory clarity as a powerful catalyst, Dark Defender believes a portion of the anticipated price movement has already been priced in by the market.
Anticipating the fifth Elliott WaveWithin the Elliott Wave theory, the fifth wave is typically the final surge in a cycle and can sometimes be the most explosive stage. In this context, Dark Defender is raising the possibility of XRP reaching double-digit prices, noting that the $10 region should be seen as a major threshold rather than the ultimate peak.
According to CoinCodex data, at the time this report was prepared, XRP was trading at $1.12. If XRP were to rally to $10 from its current price, it would represent a staggering 800 percent increase.
IndicatorLevelCurrent price$1.12First major upside target$2Key psychological threshold$10Potential move from $1.12 to $10Approx. 800%Chart patterns and market conditionsXRP continues to consolidate within a symmetrical triangle formation. In technical analysis, this setup often signals that a substantial price move is on the horizon. As the trading range narrows, the $2 mark emerges as the next significant target if buyers regain momentum.
The analyst notes that XRP’s long-term technical structure remains robust and sees potential for further gains, independent of regulatory headlines.
Nevertheless, achieving the bold $10 target will require not only sustained buying appetite but also supportive overall market sentiment, favorable liquidity conditions, and the absence of negative regulatory surprises. Given these factors, technical indicators may be positive, but the trajectory for XRP will ultimately depend on wider market dynamics.
Dark Defender’s recent evaluation has become one of the notable commentaries fueling the renewed bullish narrative around XRP. If his Elliott Wave count proves accurate, XRP could be entering the most dynamic growth phase of its current market cycle.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple on Monday secured full Crypto Asset Service Provider authorization from Luxembourg’s financial regulator, making it compliant to offer crypto services across all 30 European Economic Area countries.
What The MiCA Authorization Actually Unlocks For RippleThe approval from Luxembourg’s Commission de Surveillance du Secteur Financier follows Ripple’s preliminary clearance in June and comes days after MiCA’s final transition period completed on July 1.
Ripple’s end-to-end regulated crypto payments product now carries passporting rights across the entire EEA, available to financial institutions, corporates, and businesses throughout the bloc.
“This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale,” said Cassie Craddock, Managing Director for UK and Europe at Ripple.
The authorization adds to Ripple’s existing EU Electronic Money Institution license and UK FCA registration secured in January 2026, bringing its global regulatory portfolio to more than 75 licenses.
Only 280 Firms Made It Through MiCA, Binance Didn’tOf the more than 3,000 companies that previously operated under national crypto regimes across Europe, just 280 have secured CASP authorization under MiCA’s unified framework, according to ESMA’s July 3 register update.
Ripple joins Kraken, Coinbase (NASDAQ:COIN), OKX, and Crypto.com among the authorized firms.
Binance entered the post-transition period without authorization after withdrawing its Greek license application ahead of the July 1 deadline, leaving the world’s largest crypto exchange by volume operating in a regulatory gray zone across the EEA.
XRP Falls 3% Despite The Regulatory WinXRP (CRYPTO: XRP) is trading near the upper trendline of the descending channel it has held since mid-May.
The Parabolic SAR at $1.0142 sits below price, a mildly constructive near-term signal, but the full EMA stack remains firmly bearish with the 20 EMA at $1.1152 below the 50 EMA at $1.1817, which sits below the 100 EMA at $1.2850 and the 200 EMA at $1.4954.
A daily close above $1.20 would meaningfully shift the short-term bias. Until then the $1.00 to $1.05 demand zone below remains the key support floor to watch on any continued selling.
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Ripple joins Call of Duty Endowment to support American veterans.
The United States of America celebrated its 250th Independence Day on July 4.
“With a single sheet of parchment and 56 signatures, America began the greatest political journey in human history,” said President Donald Trump.
As the world's leading economy celebrated the Semiquincentennial, the blockchain technology and financial payments company Ripple stepped up to support American veterans.
Ripple to match donations to veterans up to $10K in XRP Ripple announced on July 4 that it is going to match donations to the Call of Duty Endowment, a nonprofit organization that helps unemployed veterans get high-quality jobs after their military service, up to $10,000 in XRP.
The Call of Duty Endowment claims to have supported the placement of over 165,000 veterans and aims to place 200,000 vets in jobs by 2030.
Ripple said it is supporting the organization as part of the Giving 4th campaign so that Independence Day becomes a national day of charitable giving.
The company encouraged users to donate to support the veterans with cash, stocks, XRP, or Ripple's USD-pegged stablecoin RLUSD.
In turn, Ripple said it will match the donation in XRP, up to a maximum match of $10,000.
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Ripple's Call of Duty Endowment campaign for U.S. veterans
Users thanked the Ripple team and CEO Brad Garlinghouse for supporting American veterans.
At the time of writing, the campaign has raised $814.19, and if and when the amount reaches $10,000, Ripple said it will match the amount in XRP.
At press time, XRP was trading at $1.14, down around 50% in a year.
Popular on TheStreet Roundtable:Veteran trader who called 50% gold crash makes major predictionMichael Saylor predicts Bitcoin's next decadeCathie Wood expects a volatile Bitcoin uptrendRipple becomes fully MiCA-compliantRipple made another major announcement on July 6 that it has received authorization of its Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).
The authorization confirms Ripple as fully Markets in Crypto-Assets Regulation (MiCA)-compliant, and the firm's end-to-end regulated crypto payments product is now available to financial institutions, corporates, and businesses across all 30 countries of the European Economic Area.
Ripple said it now holds more than 75 regulatory licenses across the world.
On Monday, July 6, XRP showed a tight trading pattern, moving within a narrow range between short-term support and upper resistance zones. Buyers worked to keep the price above key thresholds, while sellers maintained pressure at higher levels. After a recovery in the market last week, traders are closely watching whether momentum can be sustained.
Support and resistance levels in focusAt the time of writing, XRP was trading at $1.13. On the day, the price edged up by 0.25%, but trading volume fell sharply, dropping 26.75% to $1.24 billion. Over the past seven days, XRP has climbed 8.46%.
Analyst Egrag Crypto noted that the last two weekly candles in XRP have highlighted a fierce battle between buyers and sellers. One candle featured a long upper wick, while the other had a clear lower wick—indicating persistent selling pressure on attempts to push the price higher, while buyers stepped in whenever the price dipped.
Egrag Crypto underscores that the candle body resistance at $1.20 is critical; if this area is surpassed, short-term control could shift back to the buyers.
According to Egrag Crypto, the primary resistance levels are at $1.40, $1.65, and the blue macro region. On the downside, buyers have put up a notable defense at $1.00 and $1.05. The analyst also points to the 200 EMA and the lower trend line as support levels. A break below $0.96 could strengthen bearish scenarios, while the $0.77 to $0.78 range is regarded as a riskier threshold.
Glossary: The 200 EMA is an exponential moving average calculated by giving more weight to the latest 200 periods. It’s widely used in technical analysis to gauge long-term trends and to identify potential support and resistance areas.
LevelSignificance$1.00 to $1.05Nearby support zone$1.20Critical short-term resistance$1.40 to $1.65Upper resistance areas$0.96Key threshold in bearish scenarioShort-term technical outlook: $1.145 takes the spotlightAnother analyst, Diana, observed that after losing the $1.145 level, XRP managed to reclaim it quickly. The price couldn’t hold above the breakout zone near $1.18, but buyers re-entered the market and pushed the pair back above $1.145.
According to Diana, a notable technical reaction formed on the four-hour chart. The RSI indicator has cooled down, dropping from around 80 to the mid-60s. This suggests the previously overheated momentum has eased somewhat, though the overall bullish view remains intact.
Diana emphasized that staying above $1.145 is vital to confirm this level as support, adding that a breakout above $1.18 could swiftly bring the $1.20 resistance level back into focus.
Derivative data shows weakening volumeCoinGlass data indicates that while derivative market trading volume has weakened, overall positioning remains relatively balanced. Futures trading volume has decreased 30.96% to $1.71 billion. Meanwhile, open interest edged up 0.53% to $2.43 billion. The funding rate based on open interest stands at 0.0049%. CoinGlass is a well-known provider of data on crypto derivatives markets.
In the short term, for the direction to become clear, the market needs to maintain the $1.145 support and break through the $1.18 resistance. If the price rises above this band, $1.20 could quickly become the main focal point. On the other hand, a downward break could thrust the $1.05 and $1.00 support levels back into the spotlight.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple has announced that it has obtained a CASP license under the European Union’s Markets in Crypto-Assets (MiCA) regulation. With this authorization, the company can now provide regulated crypto services to financial institutions and businesses across the 30 countries within the European Economic Area.
One license, Europe-wide coverageRipple emphasized that the approval introduces a unified regulatory framework for blockchain-based payment and cryptocurrency services throughout Europe. Instead of acquiring separate licenses for each country, Ripple can now expand its operations with a single authorization covering the entire region.
Ripple confirmed it had received the EU’s CASP license, achieving full compliance with MiCA regulations. The company also stated that it is ready to meet rising European demand for crypto services under this framework.
The CASP license designates Ripple as a crypto asset service provider, requiring it to meet specific obligations set by the MiCA regulation. MiCA serves as the EU’s comprehensive set of rules designed to standardize oversight for the crypto asset market across all member states.
Mini glossary: CASP refers to licensed entities that provide services such as custody, trading, or transfer of crypto assets. MiCA aims to establish a consistent regulatory structure for crypto firms, enabling a harmonized single market across the European Union.
Transition timeline and license harmonizationThe company stated that the full CASP license will become effective after completion of the transition period in June 2026. Once finalized, Ripple will operate crypto services under a single license across the entire European Economic Area.
Before MiCA, crypto companies had to secure approval separately in each country where they operated, resulting in additional costs, lost time, and regulatory complications. The new system dramatically simplifies this process for authorized firms.
Focus on payments, stablecoins, and digital asset settlementRipple’s existing Electronic Money Institution license further complements its new regulatory status. With both authorizations, Ripple will provide digital payments, stablecoin solutions, and digital asset settlement services through a single, regulated platform.
The company is targeting institutions seeking secure, regulation-ready infrastructures for cross-border payments and digital asset settlement. Banks, fintechs, payment service providers, and other financial institutions are expected to benefit from more streamlined access to Ripple’s blockchain platform under this regulatory framework.
MiCA’s passporting mechanism allows Ripple to expand across Europe with a single license, bypassing the need for country-by-country approvals.
Regulatory strategy aligns with rising institutional demandRipple disclosed that it holds over 75 regulatory licenses worldwide. The company continues its approach of securing necessary permissions from financial authorities before entering new markets, underscoring its commitment to compliance.
This development coincides with the European Union’s implementation of crypto regulations amid growing institutional interest in euro-backed stablecoins, cross-border payments, and digital asset settlement solutions. Ripple aims to gain a competitive advantage in the European market with its new CASP license.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
According to on-chain analytics provider CryptoQuant, the Binance XRP Scarcity Index has spiked to approximately 0.77 over the last three days.
This is the highest level of scarcity observed on the platform since mid-2024.
Change in supply balanceCryptoQuant has noted that the sudden data change "reflects a structural shift in the supply balance on Binance, indicating that XRP has become scarcer on the platform than in previous months."
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On-chain data tracking shows that the index experienced a prolonged period of relative stability before launching into a clear upward trend over recent weeks.
Intriguingly, the spot price of XRP has not increased at the same rapid pace as the scarcity metrics.
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This divergence strongly indicates that the current inventory drawdown is not solely a reactionary byproduct of immediate price action.
Instead, the metric points to a decline in the aggregate tradable supply hosted on the platform. Analysts note this change could stem from two internal mechanisms: a drop-off in retail and institutional deposit activity on the exchange as well as an uptick in steady user withdrawals moving assets off-exchanges.
Immediate selling pressuresFrom a technical perspective, a rising exchange scarcity index is frequently interpreted as a healthy sign for an asset’s market structure.
When the aggregate volume of a token available for immediate sale on a liquid platform shrinks, it naturally reduces potential near-term overhead selling pressure. With less localized inventory sitting in order books, the ecosystem becomes less vulnerable to sudden cascading liquidations.
Arthur Hayes called XRP “absolutely nothing” last week. Charles Hoskinson took a swipe at Ripple CEO Brad Garlinghouse’s approach to regulation. Edo Farina, an analyst and XRP supporter, addressed both in an exclusive interview with Coinpedia.
Hayes: Price Loyalty, Not Substance
Hayes framed his argument around early price gains rather than technology. “You could be like Cardano or Ripple and do absolutely nothing,” he said. “Lie to your people that you’re going to do something about it. However, people got this thing really, really cheap. You allowed them to get rich with you.” The suggestion is that communities built on early wealth creation remain loyal regardless of what a project actually delivers.
Farina acknowledged Hayes’s credentials but questioned the premise. “Arthur Hayes is one of the smartest macro traders in crypto, but trading and building financial infrastructure are two completely different things,” he said. “His portfolio decisions are based on market cycles and liquidity, not necessarily on which technology will underpin the next financial system.”
“If XRP were nothing, we wouldn’t see regulated stablecoins like RLUSD, tokenization initiatives, institutional custody, and major financial players building around the XRPL ecosystem,” Farina said. “Dismissing years of enterprise adoption ignores a lot of evidence.”
Hoskinson vs Garlinghouse
Hoskinson criticised Garlinghouse for accepting imperfect legislation in the name of progress, specifically around the CLARITY Act, paraphrasing his position as wanting to simply get something done. His broader concern is that XRP creates no organic buy demand for holders, making the token dependent on Ripple’s institutional relationships rather than network activity.
Farina attributed the friction to competition. “Cardano, Ripple, Ethereum, Solana, everyone is competing for institutional adoption,” he said. “Brad has taken a very regulatory-first approach, which is not popular with everyone in crypto. Some people believe crypto should remain completely outside the traditional financial system.”
“I don’t see regulation as the enemy,” Farina said. “Institutions won’t move trillions of dollars through anonymous protocols with no legal clarity.”
The Underlying Divide
The criticism from both men reflects a wider disagreement about what crypto is for. Ripple’s approach is to work within existing financial infrastructure rather than replace it, which appeals to banks and asset managers but frustrates those who entered crypto for different reasons.
“That is less exciting for crypto purists but much more attractive for banks, governments and asset managers. Institutional capital generally follows legal certainty,” Farina said.
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Ripple (XRP) sustains losses on Monday, edging lower toward the short-term $1.10 support. XRP failed to sustain momentum above $1.20 on the previous day, prompting profit-taking amid a broader crypto market drawdown attributed to mild inflows into related digital investment products, declining retail participation and macroeconomic uncertainty.
XRP retail activity slows amid mild capital inflowsRetail participation in the XRP derivatives market remains generally low despite the mild institutional inflows through spot Exchange-Traded Funds (ETFs). CoinGlass data show that perpetual Open Interest (OI) has declined to 2.12 billion XRP on Monday, from 2.14 billion XRP the previous day.
A wider scope highlights a steep drawdown from 2.38 billion XRP recorded on June 23, while further cooling could limit the token’s recovery potential.
XRP Futures OI | Source: CoinGlassMeanwhile, interest in XRP spot ETFs has held steady, outperforming other major assets such as Bitcoin (BTC) and Ethereum (ETH), with nearly $12 million in inflows last week. With nine straight weeks of inflows, interest in XRP-related digital investment products remains intact despite the headwinds and broader risk-off sentiment.
Cumulative inflows hold steady at $1.49 billion while net assets under management average $988 million, according to SoSoValue data.
XRP ETF flows | Source: SoSoValuePrice analysis: XRP slides, aiming for $1.10 supportXRP pair remains confined within a broader downward parallel channel and trades well below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $1.18, $1.29 and $1.50 respectively, which keeps the near-term bias decisively bearish.
At the same time, the remittance token holds above the Bollinger Bands' middle boundary at $1.10, suggesting some short-term stabilization, but the sequence of descending long-term EMAs hints that rallies are more likely to be sold than sustained.
Still, a mildly positive Moving Average Convergence Divergence (MACD) histogram on the daily chart shows that XRP has the potential to rebound if traders reengage and defend the $1.10 psychological support.
XRP/USDT daily chartInitial resistance is aligned with the upper boundary of the active downward channel near $1.17, followed by the 50-day EMA at $1.18 and the upper Bollinger Band around $1.20. A daily close above these clustered barriers would be needed to ease the prevailing downside pressure and open the door toward the 100-day EMA near $1.29 and the 200-day EMA around $1.50. Looking down, immediate support is seen at the Bollinger midline around $1.10, ahead of the lower Bollinger Band near $1.01. A deeper deterioration toward the channel floor around $0.84 cannot be ruled out if sellers regain control below the current pivot area.
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
Bitcoin climbed back above $63,000 on Monday and remains unaffected by Michael Saylor’s announcement today. The recovery was supported by a return to positive spot ETF inflows, helping to lift market sentiment out of the extreme fear zone.
Notable Statistics:
Coinglass data shows 90,220 traders were liquidated in the past 24 hours for $405.86 million. SoSoValue data shows net inflows of $221.72 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $29.08 million. In the past 24 hours, top gainers include Pyth Network, DeXe and LayerZero. Notable Developments:
Trader Notes:
Crypto chart analyst Ali Martinez explained Bitcoin has triggered a TD Sequential sell signal, indicating potential short-term downside after Michael Saylor’s company, Strategy, reportedly sold $215 million worth of BTC.
"Not exactly the combination bulls want to see," he added.
Michael van de Poppe noted that Bitcoin has made a strong rebound from its recent support zone, matching the expected bullish setup.
After a shallow retest, the outlook remains positive, with the next likely target being the $67,000–68,000 resistance area, where price could sweep liquidity above the previous high before determining the next move.
Trader KillaXBT argues that expecting much lower Bitcoin prices is misguided because each Bitcoin cycle has generally seen shallower pullbacks than the previous one.
Relying on a specific historical price target assumes the market will repeat past patterns exactly, but the trend in diminishing retracements suggests market behavior is evolving, making that assumption less reliable.
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Dogecoin's most recent attempt at recovery is beginning to show signs of weakness as the meme coin finds it difficult to build up enough momentum to maintain a significant increase. Although DOGE recovered some of its recent losses after rising from the local bottom close to the $0.07 zone, the larger technical picture indicates that the rally lacks the strength required for a trend reversal. Volume is the most obvious problem.
Even though DOGE has seen a slight increase in recent trading sessions, trading activity is still down. Historically, successful recoveries in Dogecoin have been accompanied by a notable increase in volume, signaling strong buyer participation.
DOGE/USDT Chart by TradingViewHowever, this time, the market seems hesitant. The latest green candles have formed on relatively weak participation, raising concerns that the move is little more than a temporary relief rally. Technically speaking, the structure is still very negative. On the chart, DOGE is trading below every significant moving average.
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Even if DOGE manages to push higher in the short term, it will face substantial selling pressure around the $0.08–$0.09 range where several key moving averages converge. The overall trend is another red flag.
Dogecoin has continuously formed lower highs and lower lows since its May peak, which continues to be the classic definition of a downtrend. That structure is still valid despite the recent bounce. The market is still under bearish control until DOGE is able to reclaim significant resistance levels and set a higher high.
The indicator is still below levels that are usually linked to significant bullish momentum, though. This implies that although buyers have avoided another sudden collapse, they have not yet shown the conviction required to propel a more significant recovery. As of right now, Dogecoin's upside attempt seems futile. The current move runs the risk of fading into another lower high within the larger bearish trend in the absence of a sizable increase in buying volume and a break above important resistance levels.
XRP's RSI divergenceAs a significant RSI divergence starts to appear on the daily chart, XRP is exhibiting one of the first significant technical gains in weeks. Although the price recently dropped to a new local low close to the $1.05 area, momentum indicators did not support the decline, resulting in a bullish divergence that traders frequently observe as a sign of an impending reversal.
This shows that even though sellers were able to drive the asset to a new short-term low, bearish momentum is waning. Such setups often occur close to exhaustion points, where selling pressure begins to wane, but they do not ensure an instant rally. The problem for XRP is that the overall trend is still overwhelmingly negative. The asset is still trading below all major moving averages, despite the recent rebound.
XRP/USDT Chart by TradingViewThe 100-day and 200-day moving averages are still much higher, but the 50-day EMA is currently serving as the closest dynamic resistance. A crucial test for bulls has already been created by the recovery attempt, which has brought XRP into contact with the declining 50 EMA. The bullish divergence narrative would be strengthened by a successful breakout above this level, which might pave the way to the $1.20-$1.30 region, where the 100-day EMA and earlier support-turned-resistance levels converge.
Nonetheless, volume remains a concern. In contrast to significant trend reversals, which typically start with aggressive accumulation, XRP's recovery has happened during comparatively normal trading activity.
Although there is still little proof of significant institutional or widespread participation, buyers have demonstrated a willingness to defend the market. The RSI itself has already recovered above the neutral 50 threshold, reflecting improving momentum conditions.
The strongest bullish signal on XRP's chart at the moment is the notable RSI divergence. However, a full-scale reversal will require confirmation through a sustained breakout above key resistance levels on strong volume.
Bitcoin's comeback is shallow for now Although Bitcoin has made a respectable comeback from its recent lows around $59,000, the most recent price action indicates that it might be too soon to declare it a true recovery. While bulls have managed to halt the aggressive sell-off that dominated the market in June, the broader technical structure still favors caution rather than optimism.
Nonetheless, there are a number of important resistance zones. Most notably, the 50-day and 100-day moving averages, which both continue to slope downward and support the bearish trend, remain above the current price of Bitcoin.
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Bitcoin saw a dramatic liquidation event that wiped out weeks' worth of gains after breaking away from the rising trendline that had supported the April–May advance. These actions do not always indicate a trend reversal, but they frequently result in brief rallies when oversold conditions return to normal.
A bullish interpretation is likewise not supported by volume. The strongest trading activity in recent weeks occurred during the sell-off itself, indicating aggressive distribution rather than accumulation.
The current recovery has developed on declining volume, suggesting that buyers lack strong conviction. Momentum indicators provide conflicting signals. The RSI has recovered from oversold territory and is approaching neutral levels, which confirms that selling pressure has eased.
However, the indicator remains far from the levels typically associated with strong bullish momentum. To put it another way, the market has stabilized but hasn't yet shown clear signs of strength. For Bitcoin to establish a more credible recovery, bulls need to reclaim the 50-day EMA near $63,000 and then challenge the 100-day EMA around $66,000.
Bitcoin's rally looks more like a technical bounce within a larger downtrend than the start of a new bull run until those levels are recovered.
Ethereum price outlook strengthened Monday as traders watched Vitalik Buterin’s latest roadmap comments. Buterin said Lean Ethereum will unfold over three to four years. The plan represents a significant post-The Merge protocol rebuild.
Bitcoin price hovered above $63,000 following a recovery last week as ETH was approaching the level of 1,800 resistance. XRP price showed strength after breaking its falling channel.
Ethereum Prepares for Biggest Upgrade Since The Merge, Vitalik Says Vitalik Buterin called Lean Ethereum the next significant step of the network. He contrasted its size with The Merge, which transformed Ethereum a consensus system in 2022. The new roadmap does not consist of an upgrade. Rather it is a sequence of protocol modifications over a number of years.
Buterin indicated that almost all significant protocol components were replacable. The idea is to ensure Ethereum is quicker, more confidential, and resistant to future quantum hazards. Developers also desire the network to enhance without disrupting existing applications. This fact is important as Ethereum is compatible with various wallets, exchanges, DeFi apps, and layer-2 networks.
BREAKING: Ethereum is preparing for its biggest upgrade since The Merge, per Vitalik.
This means Ethereum will rebuild nearly every core part of itself over the next 3 to 4 years, making it faster, more private, and quantum-safe, without breaking any apps built on it. pic.twitter.com/7CYMHHrqkc
— Ash Crypto (@AshCrypto) July 6, 2026
The roadmap followed talks among Ethereum researchers in Berlin in late June. It also builds on the draft strawmap introduced earlier this year. That plan outlines several upgrades through 2029. The roadmap is now considered a guarantee to Ethereum by market watchers.
Analyst Predicts ETH Price Could Rally 10% If Support Holds Crypto analyst said Ethereum price has reclaimed its February 2026 lows after its latest rebound. He said future ETH outlook must hold this level to support another 8% to 10% rally. This is an area that now has to be defended by buyers to maintain short-term momentum.
$ETH has reclaimed the Feb 2026 lows.
Ethereum needs to hold above this level for another 8%-10% rally. pic.twitter.com/gOdC3fO9cJ
— Ted (@TedPillows) July 6, 2026
The chart also indicated resistance at around $1,800 and $1,873, which could determine the next Ethereum action. The potential breakout would redirect the focus towards the $2,000 zone. Nonetheless, the inability to hold the reclaimed low could undermine the bullish formation. Traders can then observe the lower demand region at about $1,555 in the event.
Ethereum Price Analysis The ETH price traded at $1,757 four-hour chart. Ether price fell by 0.80%, and the trading day started around $1,775. The move came after ETH failed to hold above the $1,800 resistance line. The nearest support is the $1,700 line in case the selling pressure persists.
There was also less buying strength indicated by the momentum indicators. The RSI stood at 66. This suggests ETH still holds positive momentum, but buyers have lost some control.
Source: Tradingview The MACD also indicated that following the recent recovery there was a cooling trend. Its histogram became negative and exhibited slower upward movement. To regain a stronger bullish trend, ETH might require a clean break of over $1,800.
Ether ETH derivatives data indicated that there was a mixed trading with a drop of 0.99% volume at $27.23 billion. Nevertheless, open interest increased 0.50% to 24.53 billion, an indication of new positioning in the futures markets.
Source: Coinglass data Options activity looked stronger, with volume jumping 8.94% to $486.14 million. Options open interest also climbed 1.12% to $4.09 billion. The numbers indicate that the exposure of traders did not decrease despite slight pullback in the levels of total volumes.
Monday’s 3% rise in XRP looked simple on the surface, but heavy volume told a deeper story. The token pushed decisively past the $1.14 resistance level, only to encounter a wall of selling near $1.16, according to the market update. Now the same $1.14 level that had capped prices is repurposed as a critical support floor, putting short-term traders on watch.
The volume accompanying the breakout suggested genuine participation rather than a low-liquidity spike. In summer’s thinner order books, such moves can be exaggerated, but the fact that sellers immediately emerged at $1.16 indicates overhead supply remains. Traders who missed the initial move are now waiting to see if $1.14 can hold a retest. The token had spent the previous two weeks in a tight consolidation, making Monday’s push the first real test of range-bound exhaustion. If the level holds, the breakout gains credibility. A failure would likely send XRP back toward the $1.10 area where previous consolidation occurred.
Altcoin Momentum Builds XRP’s push came amid a patch of renewed strength across the altcoin landscape. Earlier this year, tokens like SUI saw explosive rallies on the back of institutional catalysts—SUI surged 18% when a Nasdaq-linked staking deal and fintech integration hit the tape. More recently, the weekly leaderboard has been dominated by double-digit altcoin gains, reinforcing a rotation toward projects with tangible narratives, as seen in the week’s top gainers. While XRP’s 3% move is modest by comparison, the technical breakout on volume puts it in a different category—one where the chart, not just news, drives decision-making.
Still, no token escapes the long shadow of regulation, and XRP is no exception. The SEC lawsuit years ago redefined how traders price risk premiums into the token. Now, with banking interests pushing to derail a major U.S. crypto bill just days before a Senate vote, the regulatory mood could shift quickly. A bill that provides clarity for digital assets would likely be a tailwind for tokens caught in legal limbo, and XRP’s support test may be short-lived if political headwinds intensify.
The Support Test For now, the immediate question is technical: will $1.14 hold? The level served as resistance multiple times in recent weeks, so a sustained close above it would signal that buyers are absorbing the selling pressure around $1.16. Traders are watching the four-hour and daily closes. A clean hold could invite momentum chasers and potentially set up a run toward $1.20—though any move would likely need a fresh catalyst to break the current range.
The uncertainty is palpable. Heavy volume on a breakout followed by rejection often leads to a choppy period where neither side wins convincingly. If XRP slips back below $1.14 within the next couple of sessions, the breakout narrative weakens and the token could drift back into its multi-week trading range. Conversely, a successful support test backed by declining sell orders near the highs would mark a structural shift in the order book. Until then, the market is left parsing every tick, waiting to see whether the breakout was a false start or the beginning of a more durable uptrend.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
