Track market-moving stories before they get noisy

XRP price rebounded near $1.10 on Thursday, rising 5% in 24 hours as crypto markets recovered.  Market value across digital assets increased 4.72% to $2.14 trillion. Meanwhile, oil fell below $68 after Qatar reported positive progress in indirect US-Iran talks in Doha. Bitcoin also reclaimed $61,000 after testing $58,000 earlier this week.

XRP Price Recovery Tracks Wider Crypto Rebound The XRP price remained at a point of over $1.10 as buyers came back to the broader crypto market. The relocation came after a challenging week, where traders had been keeping a close eye on macro headlines.

Bitcoin price climbed back above $60,000 a fueling the recovery trend.  Ether price also surged past $1,600, further bolstering the broader recovery of significant tokens.

Concurrently, the market sentiment was slightly improved. The CMC Fear and Greed Index was going up to Extreme Fear of 16 to Fear 21.

In the case of XRP price, the momentum indicators also went up with price supported above the $1.06 area. Further gains can be favored by a stronger movement beyond the level of $1.10 provided that buyers are active.

US and Iran Conclude Positive Talks in Doha Indirect talks between the United States and Iran concluded Wednesday in Doha through Qatari mediation. Qatar said both sides made positive progress on issues linked to a memorandum of understanding.

The negotiations were also marked by technical discussions, and both parties were willing to engage further. That update alleviated part of the market anxieties related to tension in the region and risks associated with energy supply.

During the Doha update, oil prices fell to below $68, indicating reduced worry about potential supply disruption. This assisted in backing a wider relief initiative within risk assets, such as cryptocurrencies.

BREAKING: Oil has crashed below $68 after Qatar said Iran and the US made “positive progress” in indirect technical talks in Doha.

Oil is now down -43% from its US-IRAN war peak. pic.twitter.com/ArWurpyVjk

— Bull Theory (@BullTheoryio) July 2, 2026

Nevertheless, the negotiations failed to provide a conclusive deal and there was still some ambiguity. Iran kept threatening new attacks and Washington remained preoccupied with future nuclear talks.

Can XRP Price Buyers Trigger a Move Toward the $1.30 Target? The latest XRP price surged to $1.105, strengthening its four-hour recovery setup. The chart reveals that the buyers pushed the price higher above $1.10 after the broader $1.00 defense.

This recovery has now positioned XRP price at a significant test with the next major resistance of $1.15.

The MACD line has crossed the signal line, indicating a stronger short-term outlook. Meanwhile, the histogram is now positive, indicating an increased buying pressure. In the meantime, the RSI has already reached 65, which is close to a robust momentum area.

Source: XRP/USDT 4-hour chart: Tradingview XRP price is currently moving within an escalating short-term channel, which demonstrates better buyer control. The structure started around the $1.00 area, where traders were unable to stretch the fall. 

Nonetheless, the recovery is yet to have a clean breakout beyond the level of $1.15 to affirm stronger momentum.  Any successful move above that might shift the focus to the area of $1.20.

XRP Has Always Experienced a Relief Bounce or the Start of a Bull Run in July Since 2020

Ripple President Monica Long has announced that the company’s long-term vision for the XRP Ledger (XRPL) extends beyond just cross-border payments, aiming for a broader role within the global financial infrastructure. Long stated that Ripple’s main priority is to establish XRPL as one of the foremost blockchains for enterprise payments and to expand the worldwide utility of both XRP and RLUSD.

Emphasis on Multi-Network Solutions in Enterprise PaymentsLong made these comments after Ripple joined over 140 other financial and technology companies in backing the OpenUSD initiative. According to Long, the future of global payments will be defined not by fragmented networks but by multi-chain, interoperable, enterprise-grade blockchain infrastructures that work seamlessly together.

Monica Long emphasized that Ripple’s focus is to position XRPL as the primary blockchain for enterprise payments, while also serving as a foundation for the next generation of regulated stablecoins.

She asserted that interoperability is essential for the institutional adoption of blockchain. With interoperable systems, banks, payment providers, and fintech firms can transfer value across different blockchain networks without compromising security, compliance, or efficiency.

Mini glossary: Interoperability refers to different blockchain networks conducting data and asset transfers through common standards. For enterprise use, this enables uninterrupted transaction flows between various systems.

Ripple’s Role in the OpenUSD InitiativeRipple has emerged as one of the prominent participants in the OpenUSD project. Led by a consortium, this stablecoin initiative brings together over 140 players from the industry with the shared goal of creating a more connected and efficient global payments ecosystem.

Ripple’s designation as an integration partner from the very start highlights its commitment to developing infrastructure that supports institutional adoption. This decision further solidifies the company’s position within the stablecoin environment.

Ripple highlights that stablecoins are transforming the way value is transferred and underlines that the key to institutional-scale growth is interoperability.

Complementary Roles for XRP and RLUSDRipple’s strategy aligns with its expanding ambitions in the stablecoin sector. RLUSD is designed not to replace XRP, but to serve as a complementary asset.

Accordingly, RLUSD will operate as a stable settlement asset in payment flows, while XRP will continue its role as bridge liquidity within the network. This dual approach aims to allow faster and lower-cost transfers within the XRPL ecosystem.

AssetAnticipated roleRLUSDStable settlement asset for paymentsXRPBridge liquidity asset within the networkNetwork Utilization and Future ProspectsRipple believes both RLUSD and XRP could benefit from increased network activity and transaction volumes if regulated stablecoins achieve wider adoption and if more institutions begin using tokenized assets on XRPL. The company sees this dual-asset approach as a way to further establish the XRP Ledger as a scalable platform for institutional finance, tokenization, and cross-border settlements.

Based in San Francisco, Ripple has long been recognized as a fintech firm developing digital asset-based payment infrastructures. The company’s latest messaging underscores a vision for global finance where regulated stablecoins, tokenized assets, and digital currencies move more smoothly across interconnected blockchain networks.

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 spent $1.25 billion to buy a prime broker that clears trillions of dollars a year, then wired it into the XRP Ledger and RLUSD. Here is what a prime broker actually does, what Ripple Prime offers, and whether any of it reaches XRP.

Summary

Ripple Prime is Ripple’s institutional prime brokerage arm, built from its $1.25 billion acquisition of Hidden Road, offering clearing, financing, and trading across digital assets, foreign exchange, derivatives, swaps, and fixed income. A prime broker is the plumbing behind professional trading: it gives hedge funds and trading firms one account for execution, clearing, settlement, financing, and custody, with cross-margining that improves capital efficiency. The acquisition made Ripple the first crypto company to own and operate a global, multi-asset prime broker, and the business has grown roughly threefold since the deal was announced. Ripple has wired its own products into the platform: RLUSD is used as collateral, some derivatives clients hold balances in it, and Ripple plans to move post-trade activity onto the XRP Ledger. For XRP the token, the benefit is indirect and unproven, because Ripple Prime is institutional infrastructure, not a retail venue, and the token has not tracked the platform’s growth. Table of Contents

First, what is a prime broker?From Hidden Road to Ripple Prime: the $1.25 billion dealWhat Ripple Prime actually doesRLUSD as collateral: the cross-margining hookThe XRP Ledger connectionWhy Ripple Prime matters for cryptoDoes Ripple Prime actually help XRP?The risks and open questions for Ripple PrimeFrequently Asked Questions Ripple Prime is Ripple’s institutional prime brokerage platform, a one-stop service that lets large trading firms clear, finance, and trade across both traditional and digital assets through a single account. It exists because in 2025 Ripple paid $1.25 billion to acquire Hidden Road, one of the largest non-bank prime brokers in the world, and rebranded it. That deal turned Ripple from a payments and stablecoin company into an operator of the kind of core market infrastructure that hedge funds and banks have relied on for decades. This explainer covers what a prime broker is, how Ripple Prime works, how Ripple has connected it to RLUSD and the XRP Ledger, and the honest answer to the question every XRP holder asks: does it help the token?

First, what is a prime broker? Before Ripple Prime makes sense, the underlying concept has to. A prime broker is a firm that sits behind professional trading operations and bundles together the services those operations need to function. In traditional finance, a hedge fund does not open a separate relationship with every exchange, lender, and custodian it uses. Instead it routes much of that activity through a prime broker, which provides trade execution and access to markets, clearing and settlement of those trades, financing and securities lending so the fund can use leverage, and custody of the assets. The prime broker becomes the single hub through which capital and positions flow.

The reason this matters is capital efficiency. A prime broker can look at all of a client’s positions together and net them, so the client posts collateral against the combined risk of the book instead of against each trade in isolation. This is called cross-margining, and it frees up capital that would otherwise sit idle backing individual positions. A fund running many strategies at once can therefore do more with the same balance sheet. Prime brokers also extend credit, letting clients borrow to amplify positions, and manage the risk of that credit in real time.

In short, prime brokers are the professional-grade infrastructure that makes large-scale, multi-strategy trading possible. They bring credibility, credit, and operational scale, the things institutions expect from legacy finance. For years, crypto largely lacked a prime broker of this caliber, which was one reason big institutions hesitated to trade digital assets at scale. Filling that gap is exactly what Ripple set out to do.

Ripple did not build a prime broker from scratch. It bought one. In April 2025, at Paris Blockchain Week, Ripple announced an agreement to acquire Hidden Road for $1.25 billion, one of the largest deals the digital-asset industry had seen. Hidden Road was a fast-growing non-bank prime broker that cleared roughly $3 trillion a year across markets and served more than 300 institutional clients, including hedge funds, proprietary trading firms, and major liquidity providers. Ripple had been an investor in Hidden Road and a customer of its platform, so it knew the business from the inside before buying it.

The acquisition closed in October 2025, and Hidden Road was immediately rebranded as Ripple Prime. The move made Ripple the first crypto company to own and operate a global, multi-asset prime broker, giving it a financing and clearing engine of a type that had previously belonged only to traditional financial firms. Ripple committed to inject significant capital into the business to expand its capacity, and by its own account the platform grew roughly threefold in activity between the announcement and the close. Hidden Road founder Marc Asch stayed on to work alongside Ripple leadership through the integration.

The strategic logic was that core infrastructure is what unlocks the next phase of institutional crypto adoption. Payments and custody move value and store it, but a prime broker is where institutions actually trade and finance positions at scale. By owning one, Ripple positioned itself to sit at the center of institutional digital-asset activity instead of at the edges, and to bring its own assets, XRP and the RLUSD stablecoin, into that flow.

What Ripple Prime actually does Ripple Prime offers the full prime-brokerage stack across an unusually broad range of markets. Its services span clearing, prime brokerage, and financing across foreign exchange, digital assets, precious metals, exchange-traded derivatives, over-the-counter swaps, and fixed income repo. Clients can access markets through over-the-counter desks, sponsored access, and direct market access, with real-time risk management, cross-margining across their positions, and risk-based margin financing. That breadth is the point: an institution can manage exposures across traditional and digital assets from one platform instead of stitching together many providers.

In November 2025, shortly after the deal closed, Ripple launched digital-asset spot prime brokerage for the United States market under the Ripple Prime brand. This let US-based institutional clients execute over-the-counter spot transactions across dozens of major digital assets, including XRP and RLUSD, and cross-margin those spot positions alongside swaps and exchange-listed futures and options. It combined Ripple’s regulatory licenses with Hidden Road’s prime-brokerage infrastructure into a single US offering, complementing the derivatives services the platform already ran.

The platform has kept adding connectivity. Ripple Prime enabled support for Hyperliquid, a high-performance decentralized derivatives protocol, letting institutional clients reach on-chain derivatives liquidity while cross-margining their decentralized-finance exposure against all other asset classes on the platform. That combination, a regulated institutional prime broker reaching directly into on-chain markets, is a concrete example of the bridge between traditional finance and decentralized finance that Ripple describes as its goal.

RLUSD as collateral: the cross-margining hook One of the most important features of Ripple Prime is how it uses RLUSD, Ripple’s dollar-backed stablecoin. RLUSD is being used as collateral across a range of prime-brokerage products, and Ripple has positioned it as the first stablecoin to enable efficient cross-margining between digital assets and traditional markets. In practice, an institution can post RLUSD as margin and have it recognized across both its crypto and its traditional exposures, which is exactly the kind of capital efficiency prime brokers exist to provide.

Adoption of this feature has been concrete instead of theoretical. Some derivatives customers have chosen to hold their balances in RLUSD, and Ripple expects that to grow. RLUSD has been approved as margin collateral on the OKX exchange across more than 280 trading pairs, and Ripple Prime clients can trade Bitcoin options on the Bullish exchange using RLUSD as collateral. To support the stablecoin’s institutional credibility, Bank of New York Mellon serves as the primary reserve custodian of RLUSD, a signal aimed squarely at the compliance expectations of large institutions.

The reason this matters is that it gives RLUSD a real institutional job to do. Many stablecoins circulate mostly among crypto traders; RLUSD, through Ripple Prime, is being embedded into the margin and settlement plumbing that professional firms use. That is a more durable form of demand than speculative trading, because it ties the stablecoin to the operational needs of institutions rather than to market sentiment. It is also the clearest way that Ripple Prime strengthens one of Ripple’s own products, as distinct from the broader industry.

The XRP Ledger connection Ripple has also linked Ripple Prime to the XRP Ledger, the blockchain whose native asset is XRP. The plan Ripple has described is to migrate parts of Hidden Road’s post-trade activity, the clearing and settlement that happens after a trade is agreed, onto the XRP Ledger. The goal is to streamline settlement and lower operational costs, while showcasing the ledger as institutional-grade infrastructure for decentralized finance. If that migration proceeds at scale, real institutional settlement volume would run across the XRP Ledger.

That connection took a further step through traditional clearing infrastructure. Ripple Prime, still listed under the Hidden Road name in the relevant notice, was integrated into the participant directory of the Depository Trust and Clearing Corporation’s National Securities Clearing Corporation, the backbone of US securities clearing. Ripple’s chief technology officer at the time flagged the development as significant, because it connects a crypto-owned prime broker to the same clearing rails that settle Wall Street’s equity trades. Ripple Prime also received an investment-grade rating from Kroll in April 2026, a distinction Ripple says no other crypto-affiliated prime broker holds, which opens the door to conservative institutions such as pension funds, banks, and insurers.

Taken together, these moves position the XRP Ledger and RLUSD as pieces of institutional market infrastructure instead of purely retail crypto assets. The migration of post-trade activity, the DTCC connection, and the investment-grade rating are all steps toward embedding Ripple’s technology into the machinery of regulated finance. Whether that machinery ends up generating meaningful demand for XRP the token is a separate question, and an important one.

Why Ripple Prime matters for crypto Zooming out, Ripple Prime matters because it imports a missing layer of financial infrastructure into digital assets. Crypto has never lacked exchanges or wallets, but it has lacked a large, credible, multi-asset prime broker of the kind institutions take for granted in traditional markets. By acquiring one that already cleared trillions of dollars a year and serving 300-plus institutional clients, Ripple gave the industry a bridge between the way hedge funds and banks already operate and the way digital assets trade and settle.

For Ripple itself, the deal marked a transformation. The company had been known primarily for cross-border payments and, more recently, for its RLUSD stablecoin and custody services. Ripple Prime added institutional trading and financing to that stack, so Ripple now spans payments, custody, a stablecoin, and a prime broker. That makes it one of the more vertically integrated firms in crypto, able to offer institutions a connected suite instead of a single product. It also gives Ripple multiple ways to weave XRP and RLUSD into institutional workflows.

The broader significance is about legitimacy. Institutional adoption of digital assets has been held back partly by the absence of familiar, trusted infrastructure. A prime broker with an investment-grade rating, a connection to DTCC clearing, and bank-grade custody speaks the language institutions understand. If Ripple Prime succeeds, it lowers a real barrier to large-scale institutional participation in crypto, which is a meaningful development regardless of what happens to any single token’s price.

Does Ripple Prime actually help XRP? Here is the question that matters most to XRP holders, and it deserves a straight answer instead of a hopeful one. The connection between Ripple Prime and XRP is infrastructure-driven, not retail-facing. Ripple Prime is a service for institutions; it does not change how ordinary users buy or trade XRP, which still happens on exchanges. The potential benefit to XRP is indirect: if institutional settlement volume grows on the XRP Ledger through Ripple Prime, that could raise network usage, and XRP, as the ledger’s native asset used for transaction fees and liquidity, might see more demand over time.

The trouble is that this benefit has not shown up in the token’s price. Over the year following the acquisition, Ripple Prime delivered on its roadmap, earning an investment-grade rating, launching US spot prime brokerage, and integrating RLUSD as collateral, while XRP fell rather than rose. The token dropped sharply even as the platform executed, which underlines a recurring pattern with Ripple news: the company’s commercial progress and the token’s price are only loosely connected. Much of the value Ripple Prime creates accrues to Ripple the company, to RLUSD, and to the institutions using the platform, not automatically to XRP.

That does not mean Ripple Prime is irrelevant to XRP. The post-trade migration to the XRP Ledger, if it reaches scale, is a genuine potential channel of demand, and a maturing institutional ecosystem around the ledger could matter over a long horizon. But the honest framing is that Ripple Prime is a strong development for Ripple and its institutional ambitions, an indirect and unproven one for XRP, and no substitute for the broad demand that actually moves the token. As with most Ripple news, the wise approach is to separate the company’s execution from the token’s price and to watch for real ledger usage rather than announcements.

The risks and open questions for Ripple Prime For all its promise, Ripple Prime is not a finished story, and a balanced view has to weigh what could go wrong or fail to materialize. The first question is integration. Merging a large prime broker into a crypto company is complex, and the value of the deal depends on combining Hidden Road’s infrastructure and client relationships with Ripple’s licenses, custody, and stablecoin without friction. Integrations of this size take time, and the benefits Ripple describes assume the two businesses knit together smoothly.

Prime brokerage itself carries inherent risks that Ripple now owns. A prime broker extends credit and holds client assets, which means it takes on counterparty and credit risk: if a large client fails or a market move is violent enough, the broker can be exposed. Managing that risk in real time is the core discipline of the business, and it is why prime brokers live or die on their risk engines and capital buffers. The business is also cyclical, tied to trading volumes and market conditions that rise and fall, so revenue is not guaranteed to grow in a straight line.

Competition is intensifying as well. Other crypto-native firms and incumbent traditional players are building or expanding their own institutional prime services, so Ripple Prime has to win and keep clients in a crowded field. Its differentiators, an investment-grade rating, a connection to traditional clearing, and the integration of RLUSD, are meaningful, but competitors will not stand still, and institutions can multi-home across several prime brokers.

The largest open question for XRP holders specifically is execution on the XRP Ledger. Ripple has said it plans to migrate post-trade activity onto the ledger, but plans and delivery are different things. The scale, timing, and real economic impact of that migration remain to be seen, and much of the token-level thesis rests on it actually happening at volume. Until the ledger is carrying meaningful institutional settlement, the connection between Ripple Prime’s growth and XRP demand stays more potential than proven. None of this makes Ripple Prime a weak business; it makes it a young one whose full impact, on Ripple and on XRP, will be judged over years, not announcements.

Frequently Asked Questions What is Ripple Prime in simple terms? Ripple Prime is Ripple’s institutional prime brokerage platform. It gives large trading firms and institutions a single service for clearing, financing, and trading across digital assets, foreign exchange, derivatives, swaps, and fixed income. It was created when Ripple acquired the prime broker Hidden Road for $1.25 billion in 2025 and rebranded it. It is built for professional institutions, not retail traders.

What is a prime broker? A prime broker is a firm that bundles the services professional traders need into one relationship: trade execution and market access, clearing and settlement, financing and lending for leverage, and custody. Its key advantage is cross-margining, which lets a client post collateral against the combined risk of all their positions instead of each trade separately, freeing up capital and improving efficiency.

How much did Ripple pay for Hidden Road? Ripple agreed to acquire Hidden Road for $1.25 billion, announced in April 2025 and closed in October 2025. Hidden Road was a non-bank prime broker that cleared roughly $3 trillion a year across markets and served more than 300 institutional clients. After closing, Ripple rebranded it as Ripple Prime, becoming the first crypto company to own and operate a global, multi-asset prime broker.

How does Ripple Prime use RLUSD? RLUSD, Ripple’s dollar-backed stablecoin, is used as collateral across Ripple Prime’s products, positioned as the first stablecoin to enable cross-margining between digital assets and traditional markets. Some derivatives clients hold balances in RLUSD, it is approved as margin collateral on OKX across 280-plus pairs, and Ripple Prime clients can trade Bitcoin options on Bullish using RLUSD. Bank of New York Mellon is its primary reserve custodian.

Does Ripple Prime run on the XRP Ledger? Not entirely, but Ripple plans to migrate parts of the platform’s post-trade activity, its clearing and settlement, onto the XRP Ledger to lower costs and showcase the ledger for institutional use. Ripple Prime has also been integrated into the DTCC’s securities clearing directory and received an investment-grade rating from Kroll, steps that position the ledger and RLUSD within regulated financial infrastructure.

Is Ripple Prime good for the XRP price? The benefit to XRP is indirect and, so far, unproven. Ripple Prime is institutional infrastructure, not a retail venue, so it does not change how people trade XRP. If settlement volume grows on the XRP Ledger through the platform, XRP demand could rise over time. But XRP fell during the year Ripple Prime executed its roadmap, showing how loosely Ripple’s progress and the token’s price are connected.

How is Ripple Prime different from a crypto exchange? An exchange is a venue where users, including retail traders, buy and sell assets directly. A prime broker sits behind professional institutions, providing credit, clearing, settlement, custody, and cross-margining across many venues and asset classes. Ripple Prime serves hedge funds, trading firms, and other institutions with portfolio-level financing and risk management, not everyday retail trading. The two operate at different layers of the market.

Why does Ripple Prime matter for crypto? It imports a missing layer of financial infrastructure into digital assets. Institutions rely on prime brokers in traditional markets, and crypto had lacked a large, credible one. By acquiring Hidden Road, Ripple gave the industry an investment-grade prime broker connected to traditional clearing rails and bank-grade custody, lowering a real barrier to institutional participation and transforming Ripple into a firm spanning payments, custody, a stablecoin, and prime brokerage.

Disclaimer: This article is for information and educational purposes only and does not constitute financial, investment, or trading advice. Details of Ripple Prime’s services and integrations may change over time. Nothing here is a recommendation to buy or sell any asset. Always do your own research and consult a qualified professional before making financial decisions. Information is accurate as of July 2, 2026, and may change.

Ripple (XRP) grinds higher on Thursday, trading above $1.07. This comes after the remittance token tested support at $1.03 amid heavy selling pressure that has dominated the crypto market in recent weeks.

Investors are showing fresh interest in risk assets amid reports that the just-concluded talks between the United States (US) and Iran yielded “positive progress” in Doha. According to Qatari mediators, progress was made on issues related to the Memorandum of Understanding (MoU), and both parties agreed to continue discussions.

XRP sustains capital outflowsInstitutional interest in XRP remains on the back foot, as evidenced by a two-day bearish streak. SoSoValue data show nearly $2 million in mild outflows on Wednesday, following roughly $3 million on Tuesday. Sustained outflow suggests that risk-averse sentiment is dominant, which may cap XRP’s ongoing rebound in the short term.

XRP ETF flows | Source: SoSoValueRetail demand continues to diminish, with futures Open Interest (OI) falling to $2.29 billion on Thursday, from $2.31 billion the day before. A broader scope cements a lack of investor confidence in XRP’s short to medium-term outlook. In other words, bears are willing to pay a premium to keep shorting XRP while bulls shun opening new long positions.

XRP Futures OI | Source: CoinGlassPrice analysis: XRP builds momentum for short-term breakoutXRP trades at $1.07, extending its recovery from support testes at $1.03. Despite the upswing, the token appears to maintain a bearish near-term bias as the price remains below the key Exponential Moving Averages (EMAs). The 50-day EMA at $1.19, the 100-period EMA at $1.30 and the 200-day EMA at $1.52 all sit overhead as dynamic resistance, reinforcing the broader downside structure.

XRP also hovers beneath the Bollinger Bands' middle boundary at $1.11, while the potential trendline break area around $1.22 adds another cap on recovery attempts.

Momentum is mixed, with the Relative Strength Index (RSI) above 40 on the daily chart still below the neutral 50 line even as the Moving Average Convergence Divergence (MACD) histogram turns marginally positive, hinting at a modest improvement in short-term pressure.

XRP/USDT daily chartInitial resistance lies at the Bollinger middle band at $1.11, followed by the 50-day EMA near $1.19 and the downward trendline region around $1.22. A stronger bullish extension would need a daily close above the Bollinger upper band at $1.24 to target the 100-day EMA at $1.30, with the 200-day EMA at $1.52 acting as a more distant structural ceiling.

On the flip side, the Bollinger lower band at $0.99 stands as the next notable support likely to attract fresh interest from buyers.

(The technical analysis of this story was written with the help of an AI tool.)

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 (CRYPTO: BTC) could be approaching the final phase of its current bear market, with historical cycle analysis suggesting a bottom within the next few months.

Late October Bear Market LowIn a Cantor Fitzgerald report on June 30, analysts led by Gareth Gacetta highlighted that Bitcoin was 252 days past from its late-2025 peak and had declined about 51% as of June 10.

Across the previous three market cycles, Bitcoin bottomed an average of 384 days after reaching its cycle high.

If the historical pattern repeats, Cantor estimates the current bear market could reach its low around late October.

The analysts cautioned that the framework should not be viewed as a precise market-timing tool. Regulatory developments, macroeconomic conditions and geopolitical events could alter the trajectory, reported CoinDesk

However, they argued crypto markets often become self-reinforcing as investors anchor expectations around historical cycles.

Bitcoin, Ethereum Lead Preferred NetworksCantor identified Hyperliquid (CRYPTO: HYPE) as one of the strongest examples of fee-driven token economics through its buyback-and-burn model.

The bank continues to view Bitcoin as the benchmark monetary asset within digital assets, while Ethereum (CRYPTO: ETH) remains the dominant collateral layer supporting decentralized finance.

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Recent momentum in the XRP price has prompted a wave of optimistic technical signals, suggesting a possible shift in the market. Market commentator Crypto With Gopal has pointed to the emergence of a classic falling wedge pattern on the four-hour chart, a formation that typically raises the probability of an upward reversal.

Key short-term resistance zoneDespite a recent sequence of lower highs and lower lows, there are early signs that selling pressure within the narrowing price range is beginning to lose steam. Buyers have consistently defended the lower trendline of the wedge, signaling that accumulating interest is providing gradual support at lower levels.

At this stage, the most critical level being monitored is the upper resistance line of the falling wedge. A decisive breakout above this line, backed by robust trading volumes, could confirm the bullish reversal and pave the way for a new upward move. Conversely, if the price loses the lower trendline, it would invalidate the current technical setup.

Crypto With Gopal notes that a breakout of the falling wedge on the XRP four-hour chart, especially with significant volume, could accelerate upward momentum.

Market data also supports the potential for a short-term recovery. According to CoinCodex figures, XRP has once again moved above the closely watched psychological threshold of $1.10. Maintaining this level may help sustain buying interest and reinforce the positive price outlook, provided demand holds up. CoinCodex is a market analytics platform known for its digital asset pricing and forecasting data.

Monthly RSI indicator draws attentionFrom a longer-term perspective, the Relative Strength Index (RSI) indicator highlighted by analyst EGRAG CRYPTO has become a focal point. EGRAG CRYPTO observes that XRP’s monthly RSI has dropped into the deepest oversold territory in its history, falling below the 42, 41, and 40 marks.

Glossary: The RSI is a technical indicator that measures the speed and strength of a price move. While low values often signal weak momentum, a bottoming RSI that starts to recover can increase expectations for a trend reversal.

Although such low RSI readings are typically seen during periods of heavy selling, historical data shows that these levels often precede major price reversals once momentum turns. EGRAG CRYPTO believes the RSI is starting to flatten at these low levels, which could indicate fading bearish pressure.

EGRAG CRYPTO argues that if the monthly RSI gradually recovers to retake the 40, 42, 46.5, and 47.8 bands—and later rises above 50—it would provide strong confirmation of renewed bullish momentum.

Ripple’s long-term plans add supportThe analyst also notes that while XRP’s price could create another lower low, a contrasting higher low on the RSI would produce classic bullish divergence. This long-term signal is often associated with major market bottoms.

Beyond the charts, Ripple’s institutional ambitions continue to bolster the longer-term picture. Ripple President Monica Long reaffirmed the company’s goal to make the XRP Ledger a leading blockchain infrastructure for enterprise payments. She also emphasized the focus on accelerating global adoption of both XRP and RLUSD. Ripple operates as a US-based financial technology firm specializing in cross-border payment solutions.

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 cryptocurrency market broadly rises on Thursday, reflecting improvement in risk sentiment following an extended period of selling pressure. Bitcoin (BTC) is back above $60,000 after testing support at $58,000 earlier in the week. Ethereum (ETH) aligns with BTC’s positive short-term outlook, rising above $1,600. Similarly, Ripple (XRP) has steadied its rebound, trading above $1.06 amid strengthening momentum indicators.

Qatar reports positive progress in indirect US-Iran talksIndirect peace talks between the United States (US) and Iran concluded on Wednesday. According to CNN, the Qatari mediators said that the negotiations made “positive progress” with issues related to the Memorandum of Understanding (MoU) and that both sides agreed to continue discussions.

At the same time, low-level technical talks between US and Iran officials are underway indirectly through Qatar and Pakistan mediators. US Vice President J.D. Vance said that discussions on the nuclear issue are expected to start soon, CNN reported.

Meanwhile, Iran has warned of an “immediate powerful response” to attacks by Israeli Forces, calling on the US to restrain its ally. This development comes in the wake of remarks from Israel’s defense minister, who declared that Iranian Supreme Leader Mojtaba Khamenei is now a direct target.

The crypto market has sprung up as risk-off sentiment marginally eases, with Bitcoin, Ethereum and XRP logging in the second straight day of gains. The crypto Fear & Greed Index continues to signal Extreme Fear, but a rise from 11 to 19 suggests an incremental shift in market sentiment. While the uptick is modest, it indicates that investors may be regaining a cautious appetite for risk, improving the outlook for a sustained crypto market rebound.

Crypto Fear & Greed Index | Source: Alternative“What we are witnessing is not the end of Bitcoin's long-term bull cycle but rather a necessary repricing phase that mirrors the evolving global macroeconomic landscape, where cryptocurrencies have become far more sensitive to economic fundamentals than they were just a few years ago,” Simon-Peter Massabni, XS.com Head of Business Development, said in a comment.

Price analysis: Bitcoin tests its recovery potentialBitcoin is edging higher above $60,000 after respecting support around $58,000, which prompted bulls to reengage. Although the overall technical structure is bearish, indicators signal a potential positive turnaround. The Moving Average Convergence Divergence (MACD) histogram has turned positive on the daily chart, hinting at a tentative recovery attempt, while the Relative Strength Index (RSI) near 39 still reflects subdued momentum rather than a decisive bullish shift.

BTC/USDT daily chartOverhead, the latest Parabolic SAR reading at $62,523 reinforces the notion that the rebound is unfolding within a broader downside context. Above this barrier, the 50-day Exponential Moving Average (EMA) near $66,157, caps the short-term trend. Higher up, the 100-day EMA at roughly $69,963 precedes a more significant hurdle at the downtrend resistance trendline around $75,208, with the 200-day EMA near $75,923 forming a dense structural zone that would need to be reclaimed to neutralize the prevailing bearish bias.

Altcoins technical outlook: Ethereum and XRP gain momentumEthereum trades at $1,623 following a brief rebound from the demand range between $1,500 and $1,600. Despite the upswing, ETH maintains a bearish near-term bias as the price holds well below the 50-day, 100-day and 200-day EMAs at $1,808, $1,987 and $2,256 respectively.

Meanwhile, the MACD histogram has turned positive on the daily chart, hinting at an attempt to stabilize losses rather than a decisive bullish reversal. The RSI around 41 on the same chart, reflects subdued demand despite recovering from near oversold conditions.

ETH/USDT daily chartInitial resistance emerges at the 50-day EMA near $1,808, ahead of the break level of the descending trendline at about $1,936, where sellers could reassert control. Further up, the 100-day EMA at roughly $1,987 and the 200-day EMA near $2,256 form a broader supply zone that would need to be reclaimed to negate the current bearish setup and open the way for a more sustained recovery.

As for XRP, the price holds above $1.06, marking a mild increase from the immediate psychological support at $1.03. Despite the uptick in the price, the remittance token sustains a bearish near-term bias as it holds well below the key moving averages.

Momentum is mixed, with the MACD just above zero and slightly positive on the daily chart, hinting at modest stabilisation, while the RSI near 38 still reflects subdued buying interest rather than a decisive recovery.

XRP/USDT daily chartOn the topside, immediate resistance lies at the 50-day EMA ($1.19), followed by the 100-day EMA at $1.30, where any advance would likely face renewed selling pressure. A sustained break above these barriers would be needed to challenge the higher structural cap at the 200-day EMA around $1.52 and to ease the prevailing bearish tone.

(The technical analysis of this story was written with the help of an AI tool.)

Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

Major cryptocurrencies are broadly in the green Thursday with Bitcoin, Ethereum, XRP, and other top coins showing gains as crypto liquidations climb—with short positions making up the majority of the carnage.

Bitcoin topped the $62,000 mark Thursday morning for the first time in more than a week, rebounding to $62,078 after falling to a 21-month low under $58,000 earlier in the week. At a recent price of $61,808, Bitcoin is up about 3% on the day and 4% in the last week.

Other major cryptocurrencies are showing similar gains, with Ethereum and Solana both up nearly 5% on the day, hitting recent prices of $1,701 and $81 respectively. Solana is the biggest gainer among the top 10 cryptocurrencies in the last week, rising more than 22% during that span. XRP is up more than 3% on the day at a recent price of $1.09.

Crypto liquidations have surged to $602 million over the last 24 hours, per data from CoinGlass, with Ethereum flipping Bitcoin to become the biggest contributor with $187 million in liquidations compared to $184 million for BTC. Overall, short liquidations make up $400 million of the pile.

The bullish rebound comes following comments Wednesday from Federal Reserve Chair Kevin Warsh, who declined to say whether the agency planned rate hikes later this year. As of this writing, interest rate traders foresee roughly even odds of the Fed either holding rates steady or raising them at its September meeting, though they project a 64% chance of some kind of rate hike by the FOMC's October meeting, per CME's FedWatch.

On Thursday, the U.S. Bureau of Labor Statistics reported that employers reported adding significantly fewer jobs in June than expected—57,000 vs. a target of 115,000, down from a revised figure of 129,000 jobs added in May.

Stocks are mixed following the news, with the S&P 500 and Nasdaq both down for the day, but the Dow still green, per Yahoo Finance.

Major crypto stocks are showing gains on the day, with Strategy (MSTR) up nearly 7% to $100 per share—after falling to nearly $80 last week—while Coinbase (COIN) is up 3.35% to $165 and USDC stablecoin issuer Circle (CRCL) has gained almost 5% to $65.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Bitcoin experienced sharp declines in May and June, falling as low as $57,000.

While these declines have fueled analyses suggesting Bitcoin has hit bottom, some still believe the market could see levels around $50,000 before the bottom is reached.

Bitcoin’s Bottom May Come in October! At this point, the latest analysis comes from Wall Street giant Cantor Fitzgerald. According to Cantor Fitzgerald analysts, Bitcoin and the cryptocurrency market are entering the final phase of a bear market.

According to US investment bank Cantor Fitzgerald, the cryptocurrency market has entered the final phase of a bear cycle, and Bitcoin could reach its bottom in the next few months.

According to CoinDesk, the bank analyzed in a recent report that as of June 10th, that date was 252 days after BTC’s peak, and the price had fallen by approximately 51%.

Analysts, noting that Bitcoin has historically reached its bottom in an average of 384 days, concluded that it could reach its bottom by the end of October.

Which Altcoins Are Standing Out? Cantor Fitzgerald analysts recently stated that as Bitcoin and the market approach their bottom, investors should focus on projects that create sustainable value rather than speculative investments.

The bank cited Hyperliquid (HYPE) as a prime example of such projects.

The report also recognizes Bitcoin as the fundamental monetary asset of the ecosystem, while Ethereum is identified as the leading collateral infrastructure for on-chain financial systems.

Analysts also added that they believe the buyback and burn mechanism, where protocol fees are used to reduce the token supply, is the type of model that investors should prioritize.

At this point, Cantor Solana acknowledged that altcoins like Sui, XRP, and Zcash each possess unique competitive advantages. However, he stated that these networks need to prove they can translate ecosystem growth into sustainable token value.

*This is not investment advice.

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Michael Saylor reiterated on X that Strategy’s corporate objective remains for STRC to trade between $99 and $100, as the preferred stock attempts to climb back from its all-time low set on June 26.

The comment came as STRC rebounded from that record low of $71.25 to around $87.46 off the back of a new capital framework announcement. Even so, the gap to par remains wide with Bitcoin’s price also languishing.

STRC Still Trades Below Saylor’s TargetSTRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, is not common stock. It is a preferred security designed to trade near a $100 face value. Strategy adjusts its dividend rate monthly to keep the price anchored, unlike common shares.

Bitcoin (BTC) had dropped below $60,000 in the same week STRC recorded its low, deepening a preferred stock crash that had already alarmed investors. STRC has since recovered but the stock is still about $13 short of the par value Saylor says remains the company’s goal.

STRC is mounting a recovery thanks to its new capital framework announcement, but it still has more to climb. Image Source: Trading ViewOn Monday, June 29, Strategy raised STRC’s dividend rate by 50 basis points to 12%. The increase takes effect for July record dates and is part of the capital management overhaul Strategy announced the same day.

Strategy reviews the rate using STRC’s trading level, Bitcoin’s price and volatility, and its own cash reserves. It will not raise the rate automatically just because the stock trades below par.

“As Strategy disclosed Monday: our corporate objective is for $STRC to trade over time at $99–$100.”

Saylor

The tweet repeats language from Monday’s press release without adding new detail. Its timing during STRC’s rebound suggests Strategy wants the market to read the recovery as validation of its plan.

The reiteration follows weeks of criticism from Ripple (XRP) CEO Brad Garlinghouse. He called STRC’s slide a damning indictment of Strategy’s financing model. Rosen Law Firm has also opened a securities investigation into the company’s disclosures.

Whether STRC can climb back to par depends largely on Bitcoin’s trajectory. Bitcoin remains the primary driver of Strategy’s capital structure and dividend coverage.

Jul 2, 2026, 6:20 a.m.

2 min read

Summary

XRP is showing signs of accumulation above the $1.00 support, with higher lows forming even as the price remains below key moving averages and major resistance near $1.10.Network and institutional signals are strengthening, with daily new wallet creations hitting a three-month high and June XRP ETF inflows topping $62 million for roughly $1.48 billion in cumulative net flows.Traders are watching the $1.0560–$1.0590 breakout zone and $1.0665 resistance, with a sustained move above $1.10 needed to signal a more convincing recovery rather than another range-bound bounce.XRP is starting to show signs of accumulation near $1, but the chart has not fully caught up. The token edged higher after a sharp intraday volume spike, while new wallet creation reached its strongest level in three months and whale activity diverged from cautious retail positioning. That puts the focus on whether buyers can turn support defense into a move back above $1.10.

News Background• XRP Ledger recorded 4,941 new wallet creations in a single day, the strongest daily growth in more than three months.

• CryptoQuant data showed the All CEX Whale vs Retail Spread at 50.9%, with Binance’s measure at 44.6%, pointing to stronger large-holder activity while retail participation remained cautious.

• XRP spot ETFs added $15.34 million in net inflows on June 29, with Bitwise accounting for $11.94 million of that total.

• June inflows across XRP ETFs surpassed $62 million, taking cumulative net flows to roughly $1.48 billion.

Price Action Summary• XRP rose 1.41% to $1.0613 during the 24-hour session ending July 2 at 04:16 UTC.

• The token underperformed the broader crypto market by 1.27%, showing that the move was still modest despite stronger network and whale activity.

• The main breakout came at 03:27 UTC, when XRP pushed through $1.0560 on volume of 5.34 million, a 1,433% jump from the preceding hourly average.

• Buying continued through the 03:27-03:53 UTC window, with total volume of 11.31 million as price reached a session high near $1.0665.

Technical Analysis• The key development is that XRP continues to build higher lows above the $1.00 support area, with $1.0318 and $1.0410 forming the base of the latest recovery attempt.

• The breakout above $1.0560 improved the short-term structure, but the move still needs follow-through above $1.0665 to avoid turning into another range-bound bounce.

• Volume was strong during the breakout window, but 24-hour activity was only 5.95% above the seven-day average, which keeps the broader move from looking like a full trend shift.

• XRP remains below major moving averages, with the 20-day EMA near $1.11, the 50-day near $1.20, the 100-day near $1.31 and the 200-day near $1.52.

• Momentum has improved from oversold levels, but RSI near 33 and negative Chaikin Money Flow show that buyers still have not fully regained control.

What traders should watch• $1.0560-$1.0590 is the immediate breakout zone bulls need to defend.

• $1.0665 is the first resistance level after capping the latest advance.

• $1.10-$1.11 remains the key test, where the 20-day EMA and Bollinger midline sit.

• A reclaim of $1.10 would shift attention toward $1.20, while failure to hold $1.04 would put the $1.00 support area back in focus.

• Until XRP clears $1.10, the market remains a support-base trade with improving network data and whale activity, not a confirmed recovery.

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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.

Danger Builds for XRP as Holder Buying Sinks 11% Despite Price Rise

Democratic State Representative Manny Rutinel has clinched victory in Colorado’s 8th Congressional District primary. The progressive candidate pulled in an impressive 60.9% of the vote, overtaking former state representative Shannon Bird, who was known for her more moderate stance.

Crypto-backed campaign shakeupRutinel’s campaign received a major boost from the world of cryptocurrency, with notable financial support pouring in from a political action group tied to the industry. The Super PAC “You Can Push Back,” founded by Ripple co-founder Chris Larsen, contributed $1 million to Rutinel’s war chest. Chris Larsen, a key name in the Ripple ecosystem, has a long history of making headlines with his donations at the intersection of tech and politics.

Quick Reference: In US politics, a Super PAC is a political action committee that can spend unlimited amounts independently to support or oppose candidates but cannot directly coordinate with them. They focus mainly on advertising and campaign communication rather than direct donations.

Chris Larsen, Ripple’s co-founder, steered the Super PAC “You Can Push Back” to provide $1 million in support for Manny Rutinel’s campaign.

The substantial financial backing underscores just how closely watched this district has become on the national stage. Colorado’s 8th Congressional District is considered one of the country’s most hotly contested battlegrounds this election cycle.

A fierce November showdown awaitsWith the primary over, Rutinel now advances to face Republican Congressman Gabe Evans this November. Given the district’s evenly divided political landscape, analysts expect a fiercely competitive general election.

Rutinel, whose progressive credentials took center stage in the campaign, benefitted from demographic strengths—especially robust support from Latino voters, who make up about 40% of the district’s population.

GOP angles for advantageOn the Republican side, strategists see Rutinel as a more favorable opponent than Bird. The calculation: a progressive candidate may struggle more than a moderate in winning over swing voters in this pivotal district.

Rutinel secured 60.9% of the vote in the primary, handily defeating Shannon Bird to become the Democratic nominee.

Republican operatives have already started circulating images of Rutinel alongside left-wing figures, building a strategy aimed at persuading centrist voters that he is too progressive for the district.

Policy pivots and election strategyMeanwhile, in the run-up to November, Rutinel appears to be softening some policy positions. Having previously called for universal healthcare and voiced opposition to fracking, he is now adopting a more moderate tone on these issues.

Whether these shifts will sway voters remains uncertain, especially among party members anxious about ideological direction. The effectiveness of this recalibration will be closely watched as November approaches, with internal Democratic debates adding new layers to a high-stakes race.

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.

XRP, once a fixture in market debates, is now increasingly evaluated based on its on-chain activity and real-world use cases. The XRP Ledger boasts transaction finality in just 3 to 5 seconds while keeping fees low, an advantage that drives its adoption in Ripple’s cross-border payment solutions and bolsters XRP’s role as a functional digital asset.

Key data on network activityOn June 16, 2026, the XRP Ledger processed 769,646 transactions within a 24-hour span. During peak periods, successful payment transactions can exceed 2.7 million in a single day. These figures show that XRP network activity extends well beyond trading alone, with payment and transfer operations occupying a significant share of the network’s capacity.

The XRP Ledger is not limited to value transfer. It also supports native automated market maker functionality and oracle integrations, effectively incorporating core decentralized finance infrastructure directly into the network.

Mini glossary: Oracles bring off-chain data to on-chain applications, while automated market makers (AMMs) enable trading via liquidity pools rather than traditional order books.

Supply structure under scrutinyAccording to CoinGecko, approximately 62 billion XRP are currently in circulation, out of a near-100 billion total supply. Meanwhile, some 33–34 billion XRP remain locked in escrow accounts.

Ripple operates a schedule allowing up to 1 billion XRP to be released each month from escrow. Unused tokens are returned to these accounts. While this mechanism provides a level of transparency, the substantial reserves held in escrow continue to temper narratives about XRP’s scarcity.

The core question for long-term outlooks centers on how much Ripple’s commercial growth actually translates into direct demand for XRP.

RLUSD’s rise and shifts in demandRipple now lets customers complete payment transactions either using XRP or its own stablecoin, RLUSD. This creates uncertainty over whether an expanding client base will lead directly to equal growth in XRP demand.

As of August 2025, RLUSD’s market capitalization surpassed $611 million, and it continued to grow in subsequent periods. This trend illustrates RLUSD’s emerging visibility as an alternative settlement asset within the Ripple ecosystem.

Ripple remains recognized as a financial technology firm specializing in blockchain-based payment solutions, with XRP as the open-market native asset underpinning these platforms.

Regulatory clarity and the evolving networkIn 2025, Ripple’s legal dispute with the US Securities and Exchange Commission ended in a $125 million settlement. The court ruled that programmatic XRP sales on public crypto exchanges did not constitute securities offerings. However, certain institutional sales by Ripple were deemed to have breached securities regulations.

This decision has given XRP a clearer regulatory status in the US than many other altcoins. In terms of governance, the network also exhibits a more decentralized structure: Ripple operates just one of the 35 validators on its default trusted list, while the XRPL Foundation now plays a more prominent role in network administration.

With a current market capitalization of around $65.9 billion, XRP ranks among the largest crypto assets. This scale suggests that many of the network’s current strengths may already be factored into its price.

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.

Over the past several months, selling pressure on XRP has intensified, with the chart showing a series of lower highs and lower lows. After failing to hold the crucial $1.30 support level, XRP slid to around $1.05, approaching some of the lowest levels seen this year. Technical signals indicate that sellers remain firmly in control in both the short and long term.

XRP’s downward trend remains unbrokenOn the daily chart, the breakdown of a descending triangle pattern that has formed since March has further weighed on XRP. Typically, such patterns signal a continuation of the prevailing downtrend, and the breakout resulted in yet another support cluster being lost. The fact that the price remains below the 50, 100, and 200 day moving averages only strengthens the bearish outlook for XRP.

In particular, the 200 day moving average stands at about $1.51. For any meaningful technical recovery, XRP would first need to reclaim levels above this point. Trading volume analysis shows buyer activity remains weak; selling waves have brought volume spikes, but rebound attempts have been very limited.

Losing the $1.30 support in XRP and falling back to the $1.05 range highlight that the overall downward trend is still intact.

One of the few promising technical signals for XRP has come from the Relative Strength Index (RSI). With the RSI approaching 35, XRP is nearing oversold conditions. While these levels can sometimes trigger short lived price bounces, a single indicator is not considered sufficient for calling a lasting trend reversal.

Glossary: RSI is a technical indicator that measures the speed and strength of price movements. Values approaching 30 generally indicate oversold conditions, while values nearing 70 suggest overbought territory.

Bitcoin tests a vital support zoneBitcoin also failed to hold above key moving averages in May, resulting in a fresh wave of declines. Daily charts reveal that the rising channel seen from April to May has broken downward. Though this downturn initially resembled a temporary correction, sellers quickly regained control, leaving the rebound short lived.

Currently, Bitcoin’s 50, 100, and 200 day moving averages remain below $63,000, $68,000, and $76,000 respectively—a structure that underlines persistent market weakness. Notably, stronger volume spikes have occurred on selling days compared to rallies, suggesting sellers are now acting with greater conviction.

AssetCurrent Price RangeKey ResistanceKey SupportXRP$1.05$1.51Below $1.30Bitcoin$57,000 to $58,000$63,000 and higher averages$52,000Ethereum$1,600$1,690 and $1,850local bottom regionRight now, the $57,000 to $58,000 range is drawing attention in the market. Should Bitcoin break clearly below this zone, the next historically significant support could come into play at $52,000. While the RSI near 35 keeps the door open for a potential short term bounce, these types of signals tend to have limited impact in an established downtrend.

If Bitcoin fails to hold the $57,000 to $58,000 region, technical analysis signals a renewed pullback toward $52,000 could be on the horizon.

Ethereum remains under pressure but investor interest persistsDespite its recent weak price performance, Ethereum continues to attract close scrutiny from the market. After a failed rebound attempt, ETH has settled near $1,600, breaking below a descending wedge pattern formed between April and May. This move has reinforced bearish momentum and pushed ETH back toward its local lows.

ETH trading below its 50, 100, and 200 day moving averages leaves its technical prospects clouded. The 50 day moving average at around $1,690 now marks the first key resistance, with longer term averages at $1,850 and $2,280 providing additional upside hurdles. That said, buyers have shown some engagement near support zones during sharp declines, and volume has not completely dried up.

The RSI for Ethereum is hovering near 38, indicating ongoing weakness but not yet signaling total market capitulation. Technically, recapturing the $1,690 level stands as the initial target for ETH; surpassing this could bring $1,850 back into focus as the next milestone.

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 ticked higher on Wednesday, while stocks retreated, as Federal Reserve Chair Kevin Warsh called inflation “too high.”

Crypto Market LiftsBitcoin broke past $61,000 in the evening, only to get rejected and drop back to $59,000. With trading volume spiking 11% over the past day, the struggle between bulls and bears continued.

Ethereum progressed to the mid-$1,600s before a pullback, while XRP and Dogecoin were also among the gainers.

Over $450 million was liquidated from the cryptocurrency market in the last 24 hours, with $279 million in short positions wiped out, according to Coinglass data.

Bitcoin’s open interest spiked 1.80% over the last 24 hours. BTC’s taker buy volume exceeded the sell volume over the last 24 hours, indicating a bullish sentiment in the market.

Retail and whale derivatives traders on Binance also remained bullish on the apex cryptocurrency.

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization stood at $2.07 trillion, following an increase of 2.78% over the last 24 hours.

Stock Market Cools DownStocks eased on Wednesday after a recent surge in gains. The Dow Jones Industrial Average lost 13.96 points, or 0.03%, to close at 52,305.24. The S&P 500 fell 0.22% to end at 7,483.23, while the tech-heavy Nasdaq Composite slid 0.66% to close at 26,040.03.

Fed Chair Warsh said at an international conference that "prices are too high," but declined to comment on the central bank’s likely move in the July meeting.

The CME Group’s FedWatch tool showed markets pricing a 71% likelihood of the Fed keeping the rates unchanged in July, but nearly a 50% chance of a rate hike in September.

Seller Fatigue Setting In?Ali Martinez, a widely followed cryptocurrency analyst and trader, declared that the cryptocurrency market has reached its bottom, citing “buy” signals on the TD Sequential indicator for Bitcoin, Ethereum, XRP, and Solana.

The monthly chart suggests a coordinated macro reversal setup,” the analyst added. “Historically, when multiple assets lock in concurrent monthly buy signals, it indicates seller fatigue and a high probability of a long-term market bottom.”

Rekt Capital, another popular chartist, noted that Bitcoin’s monthly close below the 50-month exponential moving average, currently around $63,000, aligns with patterns observed in prior cycles,

“Generally, prices tends to lose the 50-Month EMA and then turn it into new resistance before additional downside over time,” the analyst said.

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While Ripple’s US dollar-pegged stablecoin RLUSD continues its rapid growth, some members of the XRP investor community have raised concerns that the rise of RLUSD could be eroding the role of XRP on the XRP Ledger. However, XRP-focused treasury services firm Evernorth says that on-chain data shows the opposite is true.

Transaction data points to ecosystem expansionEvernorth has analyzed all RLUSD transactions on the XRP Ledger and found no evidence that RLUSD is displacing XRP’s utility. Instead, the company reports that RLUSD has improved network liquidity, spurred trading activity, and boosted overall use of the ledger.

According to the data, RLUSD’s share of transaction volume on the XRP Ledger has climbed from less than 1% to nearly 12% in under 18 months. With this increase, the network now hosts a native US dollar market that was previously missing from its infrastructure.

Evernorth emphasizes that RLUSD is not diminishing the importance of XRP; rather, it is deepening network liquidity and broadening the utility of the XRP Ledger.

One notable metric is the RLUSD/XRP trading pair: in just six months, this pair has generated approximately $900 million in transaction volume. This trend demonstrates that users can seamlessly move between dollar-based assets and XRP entirely within the network, without needing to leave the ecosystem.

How RLUSD’s function on the network is evaluatedEvernorth draws a parallel between RLUSD’s function on the XRP Ledger and the role of the US dollar in global currency markets. Much like the dollar acts as a fundamental asset in financial transactions worldwide, RLUSD is quickly becoming the primary dollar benchmark on the XRP Ledger. However, XRP remains the network’s essential medium for settlement and payments.

All RLUSD transactions ultimately settle on the XRP Ledger, with network fees paid in XRP; as the use of RLUSD rises, so does demand for XRP in transactions.

This structure suggests that as RLUSD adoption grows, it could ultimately support greater XRP utility as well. Because transaction fees are paid in XRP and these fees are permanently burned, the expansion of network activity could gradually place downward pressure on the circulating supply of XRP.

Data now shows that the XRP Ledger has become the principal network for RLUSD. More than 50% of RLUSD’s total supply is currently held on the XRP Ledger—up from only 17% back in April.

Evernorth concludes that this evolution is a sign not of RLUSD undermining XRP, but of the XRP Ledger’s expansion into a more liquid and active platform. In this dynamic environment, XRP’s core role as the native asset for payments and settlement remains intact.

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.

XRP continues to trade below a key technical threshold in its July 1, 2026 sessions, as traders and analysts set their sights on the $1.65 level. This price point, which aligns with the 50-period simple moving average (SMA) on the monthly chart, is seen as a crucial indicator for confirming a sustained breakout. As of press time, XRP stood at $1.04, having slipped 0.11% in the past 24 hours and 4.01% over the past week. Trading volume, meanwhile, rose 0.51% to $1.61 billion.

Key moving averages in technical analysisAnalyst Egrag Crypto notes that XRP started July under the 50-period SMA on the monthly chart. According to Egrag, the $1.65 level serves as a significant barrier in terms of the macro outlook. The analyst points out that in previous cycles, XRP’s price bottoms have often formed near the 88-period SMA, with broad upward moves typically following these levels being tested.

Egrag Crypto emphasizes that as long as XRP remains below $1.65, the asset is caught in a macro consolidation. A decisive break above this level would, in Egrag’s view, sharply change the overall picture.

The highest-probability scenario in the analyst’s forecast map is a retest of the 88-period SMA, assigned a 55% likelihood. The chance of rapidly reclaiming the 50-period SMA and preventing a deeper pullback is put at 30%. A third scenario, where XRP dips below the 88-period SMA and the macro recovery stretches over a longer period, is given a 15% chance.

Upside targets: $7.50 and $42Egrag Crypto suggests that if XRP breaks above $1.65, it could trigger a structural shift in the chart pattern. The analyst identifies $7.50 as the first major expansion target, with $42 cited as a potential longer-term, historically derived level. Until the price decisively clears the 50-period SMA, however, Egrag maintains a cautious stance.

The analyst highlights that previous cycles have seen strong expansion moves after lows formed around the 88-period average, and market participants are watching closely to see if this pattern will repeat.

Derivatives data signals limited market appetiteShort-term sentiment remains muted in derivative markets as well. According to CoinGlass data, XRP futures trading volume slipped 2.14% to $1.70 billion, while open interest declined 2.73% to $2.27 billion. The funding rate for open positions in XRP hovered at 0.0027%.

Mini glossary: Open interest refers to the total size of contracts in futures markets that have not yet been closed. The funding rate is a periodic payment designed to keep perpetual futures markets balanced between long and short positions.

Claims about Japan’s XRP holdings draw attentionAnother noteworthy point in the market comes from X platform analyst Xrp Herald, who claims that Japan’s total XRP holdings now exceed $60 billion. The post highlights Japan’s long-standing status as one of the strongest markets for XRP, attributing this to institutional relationships with SBI Holdings, robust retail interest, and increased blockchain-related activity.

Xrp Herald also underscores the sustained momentum for XRP in Japanese financial markets, naming SBI Holdings as one of the largest corporate holders of XRP globally. SBI Holdings is a major financial group based in Japan and is well-known for its ongoing initiatives connected to the Ripple ecosystem.

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 completed its standard monthly token unlock, releasing 1 billion XRP, and has relocked 70% of that total. As a result, a net 300 million XRP has entered circulation. According to data from Whale Alert, unless further changes occur before the end of the day, this amount aligns with the company’s established net liquidity plan that it has followed throughout 2026.

Ripple’s balance in managing XRP supplyThe controlled release of 300 million XRP reflects Ripple’s cautious approach to market liquidity. By putting only a limited amount of net supply into circulation after mandatory re-locks, the company aims to reduce downward price pressure that could result from excessive token inflows.

As of July 2026, the average daily trading volume of XRP on regulated platforms stands at about $1.61 billion. In a market of this size, Ripple’s management believes that large, uncontrolled releases could disrupt order book stability and create additional volatility in XRP’s price.

Brad Garlinghouse, who has referred to XRP as Ripple’s “North Star,” has said that the company’s strategy is to keep unlocked token volumes within limits that won’t threaten price stability.

The most recent unlock in July translates to approximately $319 million in dollar terms. However, this figure represents only a small portion of Ripple’s total reserves and is considered a limited share in the context of the global token economy.

Locked reserves and market responseData from XRP Scan shows that about 35.8% of the total XRP supply—equating to 35.8 billion XRP—remains locked in escrow contracts controlled directly by Ripple. This means that July’s net increase of 300 million XRP is less than 1% of Ripple’s current locked assets.

Mini glossary: An escrow contract is an on-chain mechanism in which a set amount of tokens is locked under predetermined rules and later released. This method is used to limit sudden increases in supply and to make token release schedules more predictable for the market.

Following the latest unlock, XRP maintained a strong intraday performance. Positive sentiment in the XRPL ecosystem has facilitated quicker absorption of newly released tokens by market buyers.

Key price levels on the XRP chartFrom a technical standpoint, the $1.0390 level currently represents a significant support zone. After holding this area, XRP staged a local rally and moved closer to the psychological threshold of $1.06.

The shape of the market for the rest of the day will depend on whether current demand can keep pace with the net addition of 300 million XRP. For now, the relocking measure appears to be effectively limiting supply-side pressure.

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.

STOCKHOLM, Sweden, July 1st, 2026, Chainwire

XORA, a custodial neobank built on the XRP Ledger, has launched a platform that lets XRP holders earn a daily yield on their XRP and spend it in the real world through the XORA card. The company, which went live in February 2026, is targeting a large and often overlooked audience: the millions of retail investors who hold XRP but have had few ways to use it.

That audience is a defining feature of XRP. Unlike Bitcoin, whose supply has moved increasingly into institutions and exchange-traded funds, XRP remains overwhelmingly retail-owned, with everyday investors holding the majority of circulating tokens. For years, those holders could do little with their XRP beyond buying it and waiting. XORA is built to change that.

With XORA, a user signs in with a passkey and deposits XRP from any wallet or exchange to a personal XRP Ledger address. Idle balances begin earning automatically, currently 15% paid in XRP plus an estimated 7% in native XORA tokens for tier-one balances. Withdrawals settle on the XRP Ledger in about three seconds, with no lock-up and no deposit or withdrawal fees. The XORA card, now rolling out, lets holders spend their XRP balance at everyday merchants, with conversion handled at the point of payment.

“The market keeps talking about institutional crypto, but XRP’s strength has always been its retail base,” said Joren Lundgren, founder and CEO of XORA. “Those holders did not want another place to trade. They wanted to earn on what they hold and spend it like money. That is what we built.”

The platform is designed around verifiable custody. XORA operates a segregated, custodial treasury on the XRP Ledger whose backing can be checked on-chain through any XRPL explorer. It runs daily reconciliations, automated circuit breakers, and a separately funded depositor-reserve buffer drawn from protocol revenue, with a public bug bounty. The company also discloses that the native XRP yield is currently a time-limited treasury subsidy that will step down as deposits grow, transitioning toward on-chain sources such as XRP Ledger automated market-maker liquidity provision and lending. XORA states that it is not a chartered bank and that balances are not government insured.

XORA is building toward a broader neobank over time. A native XORA token unlocks tiered benefits as holdings grow, including planned metal cards, travel perks, governance rights, and concierge banking, and additional card features are on the roadmap.

For XRP’s retail base, the proposition is utility rather than speculation: a way to put an existing holding to work and spend it, rather than leaving it idle in a wallet.

About XORA

XORA is a custodial neobank on the XRP Ledger where holders earn on idle XRP and spend it in the real world with the XORA card. Launched in February 2026 and based in Stockholm, Sweden, XORA is led by founder and CEO Joren Lundgren. More information available at https://xora.finance.

Disclaimer: Crypto investments carry risk. Yields are variable, and the native XRP yield is currently a disclosed, time-limited treasury subsidy. XORA is custodial and not a chartered bank, so balances are not FDIC or government insured. Card features are subject to availability.

Ripple unlocked 1 billion XRP from escrow through three separate transactions valued at nearly $1.04 billion. 

The unlock followed Ripple’s established monthly escrow schedule and increased the amount of XRP available in circulation. 

The release included 500 million XRP worth $519.85 million, 300 million XRP valued at $311.91 million, and 200 million XRP worth $207.94 million. 

However, the release alone did not indicate that the entire allocation would enter the market immediately. Instead, the transaction placed renewed attention on whether the additional supply would eventually influence exchange flows and price performance. 

Spot flows resisted heavy selling pressure Exchange data showed that XRP did not experience aggressive Spot selling despite the billion-token unlock. 

Spot netflows remained negative at approximately -$2.87 million, indicating that exchange outflows continued exceeding inflows during the latest session. 

The pattern suggested traders had not rushed to transfer large amounts of XRP onto exchanges for immediate liquidation. 

Instead, the relatively modest outflow reflected restrained sell-side activity even after Ripple increased circulating supply. However, the negative reading remained small enough to indicate cautious positioning rather than aggressive accumulation. 

Source: CoinGlass XRP clings to support as bears stay active XRP continued defending the $1.03-$1.04 support region after several weeks of declining prices. The asset traded near $1.049 while remaining well below the major resistance levels around $1.26 and $1.50. 

Buyers repeatedly protected the current support zone, preventing another decisive breakdown despite persistent selling pressure. However, the broader structure still favored caution because prices remained beneath previous breakdown levels. 

The MACD also reflected that weakness. Its signal line stayed below the zero line, while the MACD line remained slightly beneath the signal line, indicating bearish conditions had persisted despite the recent stabilization. 

However, the shrinking histogram suggested downside pressure had eased compared with earlier sessions. 

XRP would likely need to reclaim the $1.26 resistance before a stronger recovery structure could develop.

Source: TradingView Where could liquidation pressure strike next? The Liquidation Heatmap revealed that the largest concentration of leveraged liquidity remained below XRP’s current trading price. 

The brightest liquidity zone appeared around the $1.02-$1.03 range, directly beneath the market, highlighting an area where additional downside movement could trigger substantial liquidations. 

Smaller liquidity pockets existed above the current price, although they lacked the intensity shown below support. The imbalance suggests leveraged positions had clustered beneath XRP rather than above nearby resistance. 

If sellers force XRP below its current support, the price could accelerate toward those liquidity pools before stabilizing. However, continued defense of the present range would likely prevent those positions from being triggered.

Source: CoinGlass To conclude, Ripple’s latest 1 billion XRP escrow unlock increased the circulating supply, yet exchange flows remained relatively stable as spot netflows stayed negative. XRP also continued holding above a key support zone despite bearish MACD readings. 

If the current support remains intact, the market could continue absorbing the additional supply. However, a break below $1.03 would likely expose the large liquidation cluster beneath price and increase downside pressure. 

Final Summary Ripple increased XRP’s circulating supply, while spot exchange activity remained relatively unchanged. XRP continued defending key support as bearish technical signals kept recovery under pressure.

XRP, after defending its first major support zone, is now approaching a critical technical threshold. Trading at approximately $1.06, the crypto asset remains above the $0.98–$0.99 region. However, indicators suggest that the overall technical weakness has not yet been fully resolved.

Technical landscape: $1.16 stands out as a turning pointAccording to market research platform More Crypto Online, XRP’s broader structure remains tilted downward. The platform highlights that simply holding the support zone is not enough to confirm a sustained recovery; reclaiming stronger resistance levels is needed for such confirmation. Noted for its focus on wave-based technical analysis, More Crypto Online’s observations suggest the bear trend persists unless key levels are surpassed.

More Crypto Online emphasizes that the bearish structure in XRP can only be significantly weakened if the price decisively breaks above $1.16. Such a move could technically confirm a wider second wave of recovery.

According to Elliott Wave analysis, the main scenario still sees a risk of further pullback. The $0.98–$0.99 range is being watched as the first significant demand zone, and unless there is a clear move above $1.16, the downside structure remains in place.

Mini glossary: Elliott Wave analysis is a technical approach linking price patterns to investor psychology, interpreting market movements through wave structures. The method uses support and resistance levels to project likely next moves in price.

LevelSignificance$1.16First critical resistance that could weaken the bearish outlook$1.27–$1.42Supply zone where stronger selling pressure may emerge$0.98–$0.99Primary support and demand zone$0.74Next major level to watch if support breaksSeller resistance persists despite short-term reboundEven if XRP sees a short-term uptick, a stronger resistance zone lies between $1.27 and $1.42. This area is considered a key supply region, where sellers may reassert themselves. If the price fails to break through this band, any upward movement is expected to be interpreted as a brief relief rally rather than a lasting trend reversal.

While XRP has defended its support, current buying activity does not appear strong enough to completely negate the downtrend scenario.

Downside risks: eyes on the $0.74 levelIf the $0.98–$0.99 support zone is breached, renewed selling pressure could intensify. In this case, a pullback toward $0.74 could come into play, which More Crypto Online identifies as the next crucial support area.

As a result, market focus is converging around two key levels. A move above $1.16 could signal improvement in the technical outlook, while losing the current support would increase the probability of a deeper correction.

Moreover, XRP has historically shown robust performance in July, with past seasonal trends occasionally giving buyers an edge in the short term. Still, unless major resistance levels are broken, the overall technical picture remains cautious, urging patience among traders.

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.

Manny Rutinel has secured the Democratic nomination in Colorado’s 8th Congressional District and will move on to the November election with the backing of a crypto-aligned political action committee. Preliminary results show Rutinel received 61.7% of the vote, while his opponent, Shannon Bird, garnered 33.6%.

Super PAC support stands out in primaryDuring the campaign, the group You Can Push Back Super PAC spent heavily in favor of Rutinel. The PAC, reported to be operating with a $3.5 million donation from Ripple Labs’ co-founder Chris Larsen, spent $1 million ahead of the primary to boost Rutinel’s campaign.

Rutinel has been rated as “strongly supportive of crypto” by Stand With Crypto, a Coinbase-affiliated advocacy group. This assessment is based on his responses regarding stablecoins, market structure, and regulatory clarity. Stand With Crypto is known for tracking and promoting policies on digital assets across the United States.

Voters have witnessed serious allegations of corruption in the crypto space and seen high-ranking officials profit in such an environment. Meanwhile, ordinary people have faced losses and fraud risks.

Crypto funding fuels election debateCoinbase is also a major donor to Fairshake PAC, which supports both Democratic and Republican candidates perceived to be pro-crypto in Congressional races. Fairshake has become one of the most visible political networks influencing US elections through digital asset policy agendas.

The advocacy group Public Citizen reported on Tuesday that the crypto sector has contributed approximately $189 million so far in an effort to sway the outcome of the 2026 US elections. Most of these funds have reportedly been channeled through political action committees.

Some experts believe the industry is following a similar path to its 2024 strategy. They expect crypto advocates to keep funding candidates seen as more favorable to digital assets from their perspective.

Debate over Washington influence intensifiesMark Hays, associate director for crypto and fintech at Americans for Financial Reform, explained that voters are seeking equal treatment for crypto companies, preferring rules similar to those applied to other financial institutions rather than special privileges. Hays emphasized that shaping regulations through political donations creates unease among the electorate.

On Tuesday, White House Deputy Press Secretary Anna Kelly stated that President Donald Trump and his family are not engaged in, nor will they be involved in, any conflicts of interest.

Polling has revealed that the majority of Democratic, Republican, and independent voters are concerned about the influence of industry donations on crypto-related regulations. Americans for Financial Reform noted voters largely favor clear and reasonable rules for the sector.

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.