Chris Larsen, co-founder and executive chairman of Ripple, has invested in a new crypto perpetuals exchange by US Senator Kirsten Gillibrand’s son. The startup has already raised $30 million in a recent early-stage venture capital (VC) round. This is major news for the XRP community as XRP price jumped 5%.
Ripple’s Chris Larsen Backs American Perpetuals Exchange Corp Chris Larsen was one of the few investors who backed American Perpetuals Exchange Corp. (APEC), Politico reported. The crypto perpetuals firm was founded by Theodore Gillibrand, the 22-year-old son of Senator Kirsten Gillibrand.
American Perpetuals Exchange Corp has raised $30 million at a $300 million valuation, led by Lux Capital. Notably, angel investor and Ripple’s executive chairman Chris Larsen, hedge fund manager John Griffin, investor Mark Ein, and Anduril Industries founder Palmer Luckey, a longtime supporter of President Donald Trump, also invested in the firm.
Although Larsen’s exact contribution was not included in the report. However, Annica Benning, a spokesperson for Theo Gillibrand’s company, reportedly confirmed that the majority contributed between $5,000 and $10,000 into the crypto derivatives platform.
CoinGape analyzed known wallets linked to Ripple executive chairman and found no transfers from those wallet addresses. Chris Larsen still holds 2.23 billion XRP worth $2.43 billion.
SEC-CFTC Harmonization Staff Meeting with Gillibrand’s Crypto Perpetuals Firm The SEC-CFTC Harmonization Initiative staff met with representatives from American Perpetuals Exchange Corp last month. APEC to apply for a designated contract market license with a special exemption to list perpetual futures on single-name equities under joint SEC and CFTC oversight.
They discussed topics including SEC-CFTC harmonization and reducing cost and complexity in equity derivatives through regulated, exchange-traded perpetual contracts.
American Perpetuals Exchange Corp highlighted over $100 billion in daily crypto perpetuals trade globally, perpetuals having 90% shares of total crypto derivatives volume, and over $1 billion in daily equity perp volume on unregulated offshore platforms.
However, many platforms such as CFTC-regulated Kalshi launched crypto perpetuals trading during this time. Kalshi now offers perpetuals trading for Bitcoin, ETH, XRP, and 10 more altcoins.
XRP price jumped more than 5% amid news that Ripple’s Chris Larsen invested in a crypto perpetuals platform. Price is trading at $1.10, with a 24-hour range of $1.07 to $1.11.
XRP Price hovered above $1.10 on Thursday after gaining 3.62% in 24 hours. The move came as traders watched the upcoming Senate vote on the CLARITY Act. Wider market strength also supported demand, with crypto value rising 1.46% to $2.14 trillion.
XRP Price Holds $1.10 as Market Recovery Expands The XRP price remained strong at around $1.10 with buyers reentering the top digital assets. The shift was after a larger recovery after recent selling undermined confidence.
Bitcoin price surged over $61,800, contributing to the renewed altcoin demand. Ethereum price rose 5%, while Solana, Cardano, and Dogecoin recovered.
The overall crypto market increased 1.46 percent in 24 hours to reach 2.14 trillion. In the case of XRP, a firm grip above 1.10 is significant.
An upsurge above this point would boost the movement towards $1.15. Inability to hold it can continue to restrain price action.
CLARITY Act Gains Law Enforcement Support The CLARITY Act gained its first major law enforcement endorsement from NOBLE. The group backed the Digital Asset Market Clarity Act in a letter.
The endorsement was endorsed on July 2 by journalist Eleanor Terrett via X. She has mentioned a letter that was addressed to John Thune and Chuck Schumer.
🚨NEWS: The National Organization of Black Law Enforcement Executives (NOBLE) has endorsed the Clarity Act, becoming the first major law enforcement organization to publicly support the legislation, which includes the Blockchain Regulatory Certainty Act (BRCA).
In a letter to… pic.twitter.com/j48csWyxVW
— Eleanor Terrett (@EleanorTerrett) July 2, 2026
NOBLE claimed that the bill had the potential to provide the law enforcement with new tools. The current criminal powers would also be left.
The support of the police and prosecutor groups in opposition to Section 604 is challenged. Nevertheless, the bill requires Senate floor and 60 votes.
XRP Spot ETFs Record $6.55M Inflows as Bitcoin ETFs End Outflow Streak XRP spot ETFs recorded $6.55 million in daily net inflows on July 2, as ETF demand improved. The cumulative net inflows amounted to 1.49 billion and total net assets were 987.91 million. Value trading between listed XRP funds topped at $12.74 million.
Source: Sosovalue data Bitwise dominated the market with fresh inflows of $6.55 million and assets of 312.71 million. The action followed Bitcoin spot ETFs inflows of $222 million following 10 days of outflows. Etherum spot ETFs contributed to broader crypto sentiment by adding $29.08 million. The statistics represented fresh zeal among digital asset funds.
XRP Price Eyes $1.20 as Rising Channel Breakout Gains Strength The XRP price soared to $1.1036 on the four-hour chart, extending its short-term recovery.
XRP price move within an ascending channel following a display of defense by buyers of the lower range of $1.00. The move depicts better demand following the previous weakness close to $1.06.
The XRP price now faces immediate resistance near $1.15. Breaking out higher than that would give way to $1.20.
The RSI is at a level of about 64.99 with a more superior buying pressure without going to extreme levels. Meanwhile, the CMF at 0.09 signals mild capital inflows.
Source: Tradingview In case momentum continues to gain, the XRP price can reach the $1.25-1.30 range. The region was a former rejection area on the graph.
However, the $1.10 level remains important for bulls. The decline below this level would drag XRP to the level of $1.08 and $1.06.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Growing optimism around XRP ETF developments is driving interest in early-yield strategies, with EX DeFi gaining attention alongside cloud mining infrastructure.
Summary
Rising optimism over XRP ETF inflows is boosting interest in cloud mining platforms such as EX DeFi. The platform highlights its cloud mining services as growing XRP ETF optimism draws attention to crypto infrastructure. EX DeFi positions its cloud mining platform to benefit from renewed market interest following XRP ETF developments. The optimism surrounding XRP ETF inflows is driving investors towards early-yield strategies, and the potential opportunities presented by cloud mining and related infrastructure are also drawing market attention to the EX DeFi platform.
Discussions about the “next cryptocurrency breakthrough” are intensifying, with XRP (Ripple) once again becoming a focal point in the cryptocurrency industry.
Recently, market sentiment has improved as progress on the XRP ETF has continued. Industry insiders believe that the continued rollout of compliant investment products is expected to further increase institutional investor participation and bring more market attention to mainstream digital assets like XRP. Meanwhile, ecosystem development, improved liquidity, and infrastructure growth are also crucial factors driving the industry’s long-term growth.
Several market research institutions point out that if the XRP ETF can continue to attract institutional funds, its impact could be similar to the positive effects of early Bitcoin ETF launches. However, market performance will still be influenced by various factors, including the macroeconomic environment, regulatory policies, and investor risk appetite, and future trends remain uncertain.
Against this backdrop, EX DeFi, as a digital asset service platform, offers cloud mining solutions, allowing users to participate in mining without deploying specialized equipment. As the market continues to develop, this more convenient and efficient participation model is gradually becoming a focus of industry attention.
Why EX DeFi has become more popular after the XRP ETF listing EX DeFi was one of the fastest-growing cloud mining platforms in 2026, renowned for its green energy-powered mining farms, transparent computing power, and compliant architecture. No mining rigs, equipment maintenance, or technical expertise are required; you simply purchase a computing power contract to start mining.
EX DeFi is incorporated in the UK and regulated by regulatory bodies. The company employs international security systems such as McAfee® and Cloudflare®, and 2FA verification to provide bank-grade protection for customer funds and data. All yield is processed in real-time through smart contracts, ensuring transparency and traceability. The platform currently serves users in over 180 countries and is supported and trusted by 2 million investors worldwide.
How EX DeFi ensures the safety of customer funds Fund security has always been a crucial foundation of the EX DeFi platform. To further protect user assets and account security, the platform has established a multi-layered security protection system covering asset storage, risk control, cybersecurity, and compliance management.
Regarding asset storage, the platform employs a cold and hot wallet separation management mechanism. Over 80% of users’ digital assets are stored in offline cold wallets, physically isolated from the internet to reduce potential cyberattack risks. Simultaneously, the platform’s digital assets are insured by Lloyd’s of London, adding an extra layer of protection for user assets.
In terms of risk management, EX DeFi has introduced an intelligent risk control system to monitor transaction behavior in real time, promptly identifying abnormal transactions, suspicious fund flows, and potential risks, further enhancing the platform’s overall security management capabilities.
Furthermore, the platform regularly undergoes security and compliance audits by PwC, which independently assesses operational processes and fund management, continuously improving transparency and traceability. Regarding cybersecurity, EX DeFi combines Cloudflare enterprise-grade network protection with McAfee security protection systems to provide 24/7 system security protection for the platform, continuously optimizing the digital asset security management environment for global users.
How to Earn Daily Yields with EX DeFi EX DeFi is easy to use; simply follow these four steps to earn daily mining rewards:
1. Register an Account
Visit the official EX DeFi website and register for free using an email address. New users receive a $17 bonus.
2. Deposit Cryptocurrency
Supports a variety of mainstream cryptocurrencies, such as XRP, BTC, ETH, BNB, USDT, LTC, USDC, BCH, DOGE, and SOL. The deposit process is clear, convenient, transparent, and secure.
3. Choose a Mining Contract
Choose a mining yield plan that suits a particular budget. The minimum deposit is only $100. Smart automatic mining will be enabled after system activation.
4. Automatically Receive Daily Rewards
The platform provides 24/7 smart mining services and automatically distributes daily rewards. Users can easily earn passive income without any manual operation.
EX DeFi Popular Yield Plans
BTC (Beginner Trial Contract): $100 | Term: 2 days | Daily Yield: $4 | Total Yield: $100 + $8
DOGE/LTC (Goldshell Mini DOGE Pro): $500 | Term: 6 days | Daily Yield: $6.5 | Total Yield: $500 + $39
DOGE (Goldshell-LT6): $2500 | Term: 15 days | Daily Yield: $35 | Total Yield: $2500 + $525
BTC (Bitmain-S19): $7000 | Term: 25 days | Daily Yield: $107.8 | Total Yield: $7000 + $2695
BTC (Whats-M56): $30000 | Term: 33 days | Daily Yield: $501 | Total Yield: $30000 + $16533 USD
For details on mining contracts, please visit the EX DeFi website.
Conclusion As the digital asset market continues to develop, the launch of the XRP ETF is seen by many market participants as a significant milestone in the industry’s development, further increasing market attention to the digital asset ecosystem. For investors, while focusing on market opportunities, a greater emphasis on long-term planning, risk management, and diversified participation methods is gradually becoming a new investment trend.
Against this backdrop, EX DeFi provides users with a more convenient way to participate through cloud mining infrastructure and digital asset services. As the industry continues to evolve, the platform will continue to improve its product and service systems to help users participate in the digital asset ecosystem more efficiently and seize long-term market opportunities.
Visit the EX DeFi official website to start the cloud mining journey and earn up to $7,000 daily.
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.
XRP price has climbed to a three-day high after Ripple’s European expansion and a fresh Supertrend buy signal revived bullish sentiment.
Summary
XRP price climbed to a three-day high as Ripple’s European expansion and stronger market sentiment boosted buying. A breakout above a month-long downtrend and a fresh Supertrend buy signal strengthened the bullish outlook. Short liquidation clusters above $1.11 could fuel further gains, while $1.05 remains a key support level. According to data from crypto.news, XRP (XRP) price rose as much as 3% to an intraday high of $1.11 on July 3, extending its recovery from around $1.02 on July 1. The latest rebound follows Ripple’s regulatory progress in Europe, improving macro sentiment, and a bullish technical reversal that has encouraged buyers to return after weeks of sustained selling pressure.
Since July 1, the market has continued to price in the company’s European expansion after Ripple Payments launched under preliminary Crypto-Asset Service Provider approval through the European Union’s Markets in Crypto-Assets framework.
The development arrived just as some competing platforms scaled back parts of their European offerings to comply with MiCA rules, strengthening Ripple’s position in one of crypto’s fastest-growing regulated markets.
At the same time, investors largely dismissed concerns surrounding Ripple’s monthly 1 billion XRP escrow release after recognizing that most of the unlocked tokens are traditionally returned to escrow rather than sold into the market.
Bitcoin’s stabilization above the $61,000 area has also provided a more supportive backdrop for altcoins after weeks of heavy selling pressure. Risk appetite improved further as easing geopolitical tensions helped push crude oil prices to multi-month lows while softer U.S. economic data reinforced expectations that the Federal Reserve could begin easing monetary policy later this year.
These macro developments have encouraged investors to rotate back into higher-beta digital assets after June’s defensive positioning.
Technical breakout puts $1.12 and $1.15 into focus XRP’s technical structure has improved materially over the past two sessions. On the 1-day chart, price has broken above a descending trendline that had capped every rally since late May, ending more than a month of lower highs. The breakout has carried XRP back toward the $1.12 resistance area after reclaiming the psychologically important $1.10 level.
XRP price is close to breaking above a multi-month descending trendline resistance on the 1-day chart — July 3 | Source: crypto.news The four-hour chart reinforces that bullish shift. XRP has reclaimed its Supertrend indicator near $1.05, while the MACD has completed a bullish crossover with expanding positive histogram bars. Price has also cleared horizontal resistance around $1.075 and is now approaching the next overhead supply zone near $1.125.
XRP 4-hour price chart — July 3 | Source: crypto.news A decisive move above that barrier could expose the $1.15 region, while the Supertrend support near $1.05 and former resistance at $1.075 now serve as the first downside cushions.
Commenting on the setup, analyst Ali Martinez wrote in a July 3 X post:
“The SuperTrend indicator has just flashed a buy signal on XRP for the first time since mid-June. The last buy signal preceded a 14% rally.”
Martinez also noted that the indicator had correctly identified the previous 19% and 16% declines, adding weight to the latest reversal signal.
Derivatives positioning has also shifted in favor of bulls. CoinGlass liquidation data shows one of the largest short liquidation clusters sitting just above the current price between roughly $1.11 and $1.12.
XRP liquidation heatmap | Source: CoinGlass XRP has already begun pushing into that liquidity pocket, increasing the probability of additional forced buying if resistance breaks. Beyond that zone, another concentration of leveraged positions sits closer to $1.14, creating a potential path for an extended short squeeze should momentum continue.
On-chain sentiment has strengthened alongside the technical recovery. Sharing data from Santiment, Whale Factor highlighted that XRP’s average trading returns have fallen to their lowest level in roughly 12 years, leaving both short-term and long-term holders underwater.
Historically, deeply negative MVRV readings have often coincided with major accumulation periods before meaningful recoveries. As Whale Factor summarized, “The more frustrated the crowd the faster the snap back when sentiment turns.”
🐋 WHALE WATCH: Santiment data shows $XRP average trading returns at their lowest point in 12 years. Short term and long term holders are both underwater.
That combination has preceded sharp reversals before.
The more frustrated the crowd the faster the snap back when… pic.twitter.com/HADaIYJt4E
— Whale Factor (@WhaleFactor) July 3, 2026 Key risks remain despite the improving trend The recovery still faces several hurdles before a sustained uptrend can be confirmed. The $1.12-$1.15 region contains multiple layers of technical resistance and dense leveraged positioning that could trigger renewed selling if buyers fail to force a breakout.
Any deterioration in Bitcoin’s price, a resurgence in geopolitical tensions that lifts energy prices, or stronger-than-expected U.S. economic data that delays Federal Reserve rate cuts could quickly reduce appetite for altcoins.
On the charts, a fall back below $1.075 would weaken the current breakout, while a loss of the Supertrend support near $1.05 would place the recent bullish thesis under pressure and raise the risk of another retest of the $1.00 psychological support.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP is at $1.10. Up 4.4% today. Up 5% on the week.
A week ago it was four cents from losing $1. Now it is sitting exactly on the level that analysts say separates a dead-cat bounce from a convincing recovery. And it picked an interesting month to do it.
Let me lay it out.
The line: $1.10 Here is the setup in one sentence: XRP broke above $1.07, pushed through $1.09, and now trades right at $1.10, the level market watchers have flagged as the one XRP must reclaim and hold “before the recovery looks convincing” (live XRP price on CoinGecko).
Why this level? Because every bounce during the correction died below it. Reclaiming $1.10 with follow-through would be the first higher structure XRP has printed in months. Sitting on it, like right now, is the market deciding.
The tailwind is broad: Fed Chair Warsh turned dovish on inflation, a short squeeze torched $281 million in bearish bets, Bitcoin took back $61,000 with five straight days of ETF inflows. Rising tide. XRP is riding it.
The stat nobody expected: XRP has never had a red July Now the seasonal detail that has XRP holders buzzing. Since 2020, XRP has never closed July in the red. Not once. Every June weakness, and June 2026 was ugly, a 22% drop, has been followed by a July relief bounce or the start of an outright trend change. The most famous case: June 2020 fell 13.5%, then July 2020 exploded 48%, ending a two-year downtrend.
Seasonality is not a law of physics. But six straight green Julys is a pattern, and this July has already started green. Add a fresh technical signal, the TD Sequential indicator flashing a monthly buy alongside Bitcoin and Ethereum, the kind of macro-reversal signal analysts like Ali Martinez track, and the setup gets interesting.
The on-chain pulse is picking up Underneath the chart, the network is warming. New XRP wallet creation just hit a three-month high, and large-holder activity has strengthened, with whales moving coins off exchanges. Two weeks ago we covered active addresses jumping 72%; the trend has not stopped. Meanwhile Ripple’s RLUSD stablecoin has quietly settled over $2.5 billion in volume on the XRP Ledger, real utility stacking up while the price was busy going nowhere.
And the calendar catalyst is close: the CLARITY Act hearing on July 17, two weeks out, the nearest shot at the regulatory clarity XRP has waited years for.
The cold water, because you need it Balance, fast. Standard Chartered, long one of XRP’s loudest institutional bulls, just slashed its price target from $8 to $2.80, citing ETF inflows that have nearly stopped after a hot $1.3 billion launch. That is a real downgrade from a real bank, and it says the institutional money has not confirmed this move yet. The CLARITY Act remains stalled until at least the 17th. And XRP is still one bad macro day from re-fighting the $1 battle.
So the recovery case is live, not proven. That is exactly why $1.10 matters.
The levels Up: hold $1.10, then $1.16, the resistance analysts flagged for confirming a trend change, then $1.20.
Down: $1.07 is the first support from the breakout, then $1.00. Below $1, everything resets.
Bottom line XRP at $1.10 is sitting precisely on the line between bounce and recovery, with the wind finally at its back: a dovish Fed, wallet creation at three-month highs, whales accumulating, RLUSD volume building, a monthly buy signal flashing, and a six-year streak of green Julys daring history to repeat. Against that: a stalled catalyst until July 17 and a major bank cutting its target because fund flows went quiet.
Watch $1.10 on the daily closes. Hold it and press $1.16, and this recovery earns the word. Lose it and XRP goes back to grinding. Either way, the next two weeks, from this level to the CLARITY hearing, are the most important stretch XRP has had all year.
FAQ What is the XRP price today? XRP is trading at $1.10 on July 3, 2026, up 4.4% on the day and 5% on the week, sitting exactly on the level analysts say must hold for the recovery to look convincing.
Why is XRP going up? XRP is riding a market-wide rally sparked by dovish Fed comments and a $281 million short squeeze, plus its own signals: new wallet creation at a three-month high, whale accumulation, a TD Sequential monthly buy signal, and RLUSD stablecoin volume passing $2.5 billion.
Has XRP ever had a red July? Not since 2020. Every June weakness has been followed by a July relief bounce or trend change, including July 2020’s 48% surge that ended a two-year downtrend. June 2026 fell 22%, and this July has opened green. Seasonality is a pattern, not a guarantee.
Why did Standard Chartered cut its XRP target? Standard Chartered lowered its XRP target from $8 to $2.80, citing ETF inflows that nearly stopped after a strong $1.3 billion launch. It is a reminder that institutional flows have not yet confirmed the recovery.
What are the key XRP levels to watch? Hold $1.10, then $1.16 to confirm a trend change, then $1.20. Support is $1.07, then the critical $1.00. The July 17 CLARITY Act hearing is the next major catalyst on the calendar.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
The International Monetary Fund (IMF) has identified the XRP Ledger as one of the public blockchain networks used by financial institutions for stablecoin issuance in its latest report. This emphasis signals growing institutional attention to the XRP Ledger in the emerging field of regulated digital assets and tokenization.
Key findings from the IMF reportIn its study entitled “The Rise of Tokenization: Deciphering New Trends in Payments and Asset Tokenization,” the IMF explores how banks are leveraging blockchain technology to transform payment, settlement, and asset management processes. The Fund notes that while some financial institutions still rely on private ledgers, an increasing number are turning to permissionless networks to benefit from greater interoperability and broader market access.
The IMF highlights that certain institutions prefer permissionless blockchains for regulated stablecoin issuance, as this approach offers enhanced interoperability and wider reach in the market.
Among the examples cited in the report is Société Générale’s euro-denominated stablecoin, EUR CoinVertible. According to the IMF, this asset is deployed not only on the XRP Ledger, but also on Ethereum, Solana, and Stellar networks. Société Générale, a leading France-based banking group, is recognized as one of the longstanding pillars of the European financial system.
The impact of tokenization on financeThe IMF describes tokenization as a transformative trend reshaping global finance. By converting real-world assets—such as currencies, bonds, equities, and other financial instruments—into blockchain-based tokens, the report suggests ownership transfers can be streamlined, settlement times reduced, and operational costs lowered. The Fund also points out that tokenization can increase transparency and reduce reliance on traditional intermediaries.
Beyond these efficiencies, the report emphasizes tokenization’s potential to boost liquidity, minimize settlement risk, and broaden access to financial services. Within this context, public blockchain networks are increasingly seen as viable infrastructures for regulated financial products.
Why is institutional interest noteworthy?IMF Senior Economist Itai Agur recently characterized tokenization and programmable money as the next phase for financial markets. Agur has explained that merging programmable money with tokenized assets—enabled through smart contracts—could automate processes and deliver faster, more cost-effective, and more efficient transactions.
This perspective underscores the rationale for grouping XRP Ledger alongside Ethereum, Solana, and Stellar in discussions about next-generation financial infrastructure. As banks broaden their initiatives in stablecoins and asset tokenization, the XRP Ledger continues to attract heightened institutional interest among public 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.
After last week’s steep selloff, the price of XRP is showing early signs of recovery. According to crypto analyst Ali Martinez, the SuperTrend indicator has generated its first buy signal on XRP’s four-hour chart since mid-June. Coinciding with this development, XRP has started forming a more balanced upward base between $1.08 and $1.10.
Shift in key technical indicatorMartinez notes that the SuperTrend indicator’s entry into the green zone could open a path for XRP toward the $1.25 level. This projection suggests a potential 14% price rise from current levels. Martinez also reminds investors that, in the past, a similar SuperTrend buy signal was followed by a 14% spike in XRP’s price within a short timeframe.
Mini glossary: The SuperTrend is a technical indicator that combines price and volatility data. Investors frequently use this tool to monitor trend direction and potential shifts in support or resistance.
According to Ali Martinez, the SuperTrend indicator has flashed a buy signal for the first time since mid-June on XRP’s four-hour chart, potentially paving the way for a move toward $1.25.
Historical data shared by Martinez indicates that the model provided notable signals not only in bullish phases but also during downtrends. The SuperTrend previously predicted two significant local pullbacks in XRP, marking declines of 19% and 16%. For this reason, the indicator’s renewed bullish signal is seen as a technical sign that selling pressure has weakened.
Key resistance and support levels to watchIn the near term, analysts and traders are focusing on three critical technical thresholds. First, XRP needs to establish itself clearly above the $1.10 mark. A convincing breakout here could indicate a strengthening in buy-side liquidity.
LevelSignificance$1.10First key breakout level$1.13–1.15Intermediate resistance zone$1.25Highlighted target in the analysis$1.00–1.04Support area needed to sustain the bullish scenarioThe next step involves surpassing the intermediate resistance band between $1.13 and $1.15. Temporary pauses and profit-taking may occur in this range, but breaking through it is crucial. Ultimately, crossing and maintaining levels above the $1.25 target would provide stronger confirmation that the previous downtrend has been technically reversed.
The indicator’s return to a bullish stance signals that sell orders in the order books have largely been depleted.
Conversely, for the upward scenario to remain intact, holding the $1.00 to $1.04 support block is critical. As long as XRP stays above this zone, bullish expectations are preserved. However, if the price drops below $1.04, the technical outlook could weaken, bringing the psychologically significant $1.00 level back into focus.
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.
SpaceX Stock price surged to $162 on July 3, gaining 3% as buyers returned after early pressure. The move came as President Donald Trump said Elon Musk may support the Trump Accounts program with SpaceX stock.
The sentiment was aided by wider market strength, as BTC, ETH, SOL, and XRP were up, alongside a fresh flow into digital asset funds.
Trump Thinks Musk May Donate SpaceX Stock to Children’s Accounts President Donald Trump said he believes Elon Musk may donate SpaceX stock to the Trump Accounts initiative. He said them in a Thursday CNBC interview with Joe Kernen.
Trump said he had not spoken with Musk recently, but described their relationship as positive. He cited other technology leaders that sponsored the children investment program.
JUST IN: 🇺🇸 President Trump says he thinks Elon Musk will donate SpaceX $SPCX stock to Trump Accounts. pic.twitter.com/82NQK1Wj8z
— Whale Insider (@WhaleInsider) July 2, 2026
Trump replied that he believes he will, when asked about a potential Musk donation. He cited examples of corporate support in Micron and Michael Dell.
The Trump Accounts plan creates investment accounts for children and allows outside contributions. Publicly traded shares were said to be acceptable under Treasury guidelines.
However, no final SpaceX commitment has been announced by Musk or the company. That keeps investors on the lookout to price anything before it happens.
SPCX Gains 3% as Buyers Defend Key $157 Support Zone SPCX closed at $162 after rising $4.46. The gain was a good recovery of the day’s weakness.
The stock started at around $155 and was raised by buyers above the 157.54 demand region. That area was the critical support area of the session.
Momentum later in the day increased as price approached the $160 area. There was a short pullback, but buyers came back.
During the recovery, afternoon volume rose, with greater demand towards the end of the day. That late surge brought SPCX to the resistance at the vicinity of $162.50.
After-hours trading dropped to around $160.95, with some reluctance following the surge. Nonetheless, holding a higher than $160 might now ensure the short-term structure is positive.
The move came as the wider crypto market gained 1.69% to $2.15 trillion. Bitcoin price rose over $61,800, and Ethereum gained 5%.
SpaceX Stock Price Prediction: Will SPCX Rally to $195 Soon? The current setup keeps $165 as the first breakout level for SpaceX Stock price. A close above that level on a daily basis would bring new momentum.
In case of buyers clearing above $165, the next target will be close to 180. The powerful follow-through can then lead to a door to $195.
SPCX stock Such a movement would be approximately a 20% bounce of the $162 close. The Stock price of SpaceX would validate a resurgence of strength after volatility.
Nevertheless, the optimistic opinion relies on the support above $160. Any further dip below $157 would undermine momentum and reveal $155 over the next few sessions.
A recent report that Chris Larsen, co-founder of Ripple Labs, made an investment in a startup founded by Senator Kirsten Gillibrand’s son has reignited debate around cryptocurrency regulation in Washington. The development comes as the US Senate continues its deliberations on comprehensive digital asset legislation.
Timing of the investment under scrutinyAccording to Politico, Larsen is among the investors in American Perpetuals Exchange Corp, a company established by Theodore Gillibrand. The firm is positioning itself as a platform focused on derivatives products and has recently raised $30 million in funding.
While the specific amount invested by Chris Larsen has not been disclosed, reports indicate that most backers contributed between $5,000 and $10,000 to the company. Consequently, the controversy centers less on the size of the investment and more on the timing, given current legislative discussions.
Mini Glossary: Perpetuals refer to derivative contracts with no expiry date. These products, popular in cryptocurrency markets, are often used for leveraged trading and utilize mechanisms tied closely to spot market prices.
Increased pressure on CLARITY Act negotiationsLarsen’s investment has drawn further attention because of Senator Gillibrand’s significant role in the ongoing debate over the Digital Asset Market Structure Act, also known as the CLARITY Act. This bill could define the oversight rules for cryptocurrencies in the US, directly impacting industry players like Ripple.
As a senator from New York, Kirsten Gillibrand is a prominent voice on financial regulation and has recently played an active part in negotiations over new crypto market rules in the Senate.
Gillibrand has argued that government officials must not use their positions for private gain in the industry and described the worst cases of this as “privilege in exchange for office.”
Gillibrand’s office distances itself from allegationsA statement from Gillibrand’s office referenced the senator’s disclosure dated June 18. In that statement, Gillibrand emphasized that her son is an adult running an independent business, and firmly rejected claims of personal involvement or interest in the venture.
The controversy coincides with Democratic lawmakers calling for stricter ethics provisions to be included in the CLARITY Act – a push that also surfaces amid discussions about former President Donald Trump’s links to the crypto sector.
Senate schedule complicates legislative processSenator Cynthia Lummis noted that lawmakers are evaluating issues around ethics, decentralized finance, and illicit transactions. While Republican senators are aiming for a vote on the bill in July, the 60-vote threshold ensures that Democrats retain significant negotiating power.
The Senate is currently in recess for Independence Day, with legislative sessions set to resume on July 13. The approaching August break further complicates the timeline, making the swift passage of major crypto regulations increasingly unlikely in the near term.
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.
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Following weeks of low activity, XRP has seen a noteworthy 21 percent increase in trading volume over the past day, indicating a resurgence of interest in the asset. Larger market movements are frequently preceded by rising volume, even though price action is still largely contained near the $1.10 level. The abrupt rise in participation could be caused by a number of factors, the first being a wider recovery in the cryptocurrency market.
First factorThe improvement in general market sentiment is the first and most noticeable catalyst. After a dramatic sell-off in June, Bitcoin, Ethereum, and a number of other significant altcoins have stabilized. Due to its strong retail following and high liquidity, XRP is frequently among the first beneficiaries of traders' rotation back into large-cap alternative assets as risk appetite increases. Even when the token isn't driving the rally, XRP volume has historically increased in tandem with increased market activity.
XRP/USDT Chart by TradingView HOT Stories
Second factor XRP is getting close to a crucial resistance area. Technical traders are also paying attention to XRP's position on the chart. After rebounding from the psychological $1 support level, XRP is now approaching a critical resistance area between $1.12 and $1.21. The 50-day and 100-day moving averages, as well as previous support levels that became resistance following the June breakdown, are located in this area.
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Both bulls and bears become more active as the price gets closer to such a closely watched area, which inevitably increases trading volume. A rejection could lead to another wave of volatility, but a breakout above these levels would bolster the recovery narrative.
Third factorA less obvious but equally important factor is the return of speculative buyers looking for a bottom. XRP has lost a substantial portion of its value from local highs and recently completed a prolonged correction phase. Some traders may see the current levels as an appealing entry point since the price has stabilized above $1 and the RSI has recovered from oversold territory.
Signs of a growing local base can be seen in the chart, and volume spikes close to market lows frequently signify attempts at accumulation by investors prepared to take on more risk before a more obvious trend reversal appears. For the time being, XRP is still technically in a bearish structure and is below significant long-term resistance levels.
However, the recent 21% increase in volume is most likely a combo of growing bottom-fishing activity, a test of significant resistances, and improving market sentiment. XRP may soon encounter a significant technical test in weeks if buying pressure persists.
For the first time in almost a year, more wallets are pulling XRP off Binance than putting it on. It’s a small shift on its face, but on the largest XRP trading venue, a flip like this is worth paying attention to, not because it makes XRP bullish, but because the behavior underneath the price has changed.
More wallets are now withdrawing XRP from Binance than depositing, a first since July 2025. The net figure swung from +26,200 to -6,210 wallets in 23 days. XRP trades at $1.11, up 2.5%, bouncing off the $1.00-1.05 support band. The metric here tracks the difference between wallets depositing XRP to Binance and wallets withdrawing it, measured over a rolling seven-day window. For most of the past year, deposits dominated. That’s no longer the case.
On June 7, Binance recorded roughly +26,200 net depositing wallets, deposits heavily outweighing withdrawals. By June 30, that figure had fallen to -6,210, meaning withdrawing wallets outnumbered depositing ones. That’s a swing of 32,410 wallets in just 23 days. The bigger detail is the context. This is the first negative reading since July 2025, and the previous low was only -1,350. Today’s figure is about 4.6 times more negative than that, so this isn’t a marginal dip below the line, it’s the strongest withdrawal bias Binance has seen on XRP in nearly a year.
XRP multi-exchange wallet activity / Source: CryptoQuant Exchange flows carry a rough behavioral signal. Deposits generally mean coins are being positioned to trade or sell, while withdrawals often mean users are moving assets into private wallets, custodial services, or DeFi, where they tend to sit rather than get traded right away.
So a decline in depositing wallets suggests less fresh supply is arriving on Binance, which, if the trend holds, could ease some immediate selling pressure. And because Binance is the largest XRP trading venue, a decisive flip here reads as more meaningful than the same move on a smaller exchange would.
This is where it pays to be careful, because the metric has a real limitation. It measures wallets, not amounts.
One whale depositing 100 million XRP counts exactly the same as one retail wallet depositing 100 XRP. By the same logic, thousands of small withdrawals don’t necessarily mean more XRP left the exchange than came in. So the data can’t prove accumulation, and it can’t confirm that Binance’s XRP balances are actually falling. All it shows, precisely, is that wallet behavior has tilted toward withdrawals. That’s a genuine signal, but it’s a narrow one, and it’s worth holding it to exactly what it says.
How the price is reacting The price backdrop fits a market that’s bouncing without having turned. XRP trades at $1.11 on Coinbase on 3th of July, up 2.47% on the day, closing right at the session high, which tells you buyers held control into the close. The bounce comes off a local bottom in the $1.00-1.05 band printed in late June, after a steep drop from around $1.5 in early June.
XRP daily technical price chart / Source: TradingView Zoom out and the trend is still down. Since February, XRP has carved a sequence of lower highs, roughly $1.50 in February, $1.48 in May, $1.26 on the mid-June rebound, with June’s selloff the sharpest leg, falling from about $1.40 to the $1.00 zone in roughly three weeks. The current move is the second bounce attempt off that $1.00-1.05 support, which has now been tested several times and held.
The moving averages leave no doubt about the larger trend. Price sits below all three, and all three slope down:
Moving Average Level Distance Above Price 50-day $1.2083 ~8.5% 100-day $1.2981 ~16.5% 200-day $1.4863 ~33% The full bearish stack, price below the 50, below the 100, below the 200, confirms the downtrend is intact. Overhead, first resistance sits around $1.15 (the mid-June consolidation zone), then the 50-day near $1.21, which also lines up with the June rebound territory.
Momentum is improving but not convincing. RSI reads 47.7 and rising, recovered from oversold near 30 in late June, and it’s back above its signal line at 35.97, consistent with a short-term bounce, but it’s sitting in neutral territory, not the kind of strength that usually accompanies a real trend reversal. Volume is the main caveat: today’s bounce is happening on modest turnover, while the largest recent volume spike was the green bar near the mid-June lows, possible absorption, but the follow-through failed. A recovery on weak volume is exactly what makes it hard to call this a durable turn.
XRP didn’t suddenly become short-term bullish. It’s that market behavior has shifted. For weeks, Binance was taking in XRP from more wallets than it was losing; that pattern has now reversed completely, reaching its strongest withdrawal bias in almost a year, even as price stages a modest bounce inside a still-intact downtrend.
Neither signal, on its own, confirms a turn. The wallet data would need backing from falling exchange reserves or rising long-term-holder balances to become real evidence that XRP holders are moving coins off exchanges to hold them. The price would need to reclaim the 50-day near $1.21 to suggest anything more than a relief bounce. Until those confirmations show up, this is what it is: a genuine change in behavior worth watching, sitting inside the same risk-off, lower-high pattern gripping the broader altcoin market, not proof that the tide has turned.
XRP, son günlerde yeniden 1 dolar seviyesini test ederken hem kurumsal yatırımcı hareketleri hem de zincir üstü göstergeler piyasada farklı sinyaller üretiyor. Spot XRP ETF‘lerinde mart ayından bu yana ilk kez iki gün üst üste net çıkış görülürken, Binance rezervlerindeki gerileme ve teknik göstergeler ise satış baskısının zayıflayabileceğine işaret ediyor.
Haberin hazırlandığı sırada XRP yaklaşık 1,11 dolar seviyesinde işlem görüyor.
XRP ETF’lerinde Marttan Bu Yana Bir İlk Spot XRP ETF’leri, piyasaya sürüldükleri günden bu yana yaklaşık 1,5 milyar dolar kümülatif net giriş elde etti.
Ancak son iki işlem gününde tablo değişti.
ETF’lerde mart ayından bu yana ilk kez iki gün üst üste net çıkış yaşandı. Bu durum, kurumsal yatırımcı talebindeki kısa vadeli yavaşlamaya işaret etse de tek başına uzun vadeli eğilimin değiştiğini göstermiyor.
ETF çıkışlarının sürmesi halinde ihraççıların portföylerindeki XRP miktarını azaltması gerekebileceği değerlendirilirken, bunun fiyat üzerindeki etkisi piyasa koşullarına bağlı olarak şekillenecek.
1 Dolar Seviyesi Yakından İzleniyor XRP geçtiğimiz günlerde 1 dolar seviyesine kadar gerileyerek yatırımcıların dikkatini çekti.
Alıcıların devreye girmesiyle fiyat yeniden toparlanırken, piyasanın odağı kritik destek bölgelerinde kalmaya devam ediyor.
Piyasa analisti Diana, XRP’nin yeniden 1,08 doların altına gerilemesi halinde 0,87 dolar seviyesine kadar yeni bir düzeltme ihtimalinin oluşabileceğini belirtiyor.
Analiste göre buna karşılık 1,08 doların üzerinde kalıcılık sağlanması durumunda fiyatın 1,30 dolar bölgesini yeniden hedeflemesi mümkün olabilir.
Bu değerlendirme teknik analiz niteliğinde olup kesin bir fiyat tahmini anlamına gelmiyor.
Binance Verileri Satış Baskısının Azaldığını Gösteriyor Öte yandan zincir üstü veriler daha farklı bir tablo ortaya koyuyor.
Binance’te tutulan XRP miktarı son dört ayın en düşük seviyesine geriledi.
Borsalarda tutulan varlık miktarının azalması genellikle kısa vadeli satış baskısının zayıfladığı yönünde yorumlansa da bu veri tek başına fiyat yönünü belirlemek için yeterli kabul edilmiyor.
Yatırımcıların varlıklarını kişisel cüzdanlara taşıması farklı stratejilerin de sonucu olabilir.
Ali Martinez’den Uzun Vadeli Sinyal Kripto analisti Ali Martinez de teknik göstergelerde dikkat çeken bir gelişmeye işaret etti.
Martinez’e göre aylık zaman diliminde Tom DeMark (TD) Sequential göstergesi XRP için alım sinyali üretti.
Aynı göstergenin Bitcoin, Ethereum ve Solana’da da benzer sinyal verdiğini belirten analist, geçmiş döngülerde bu tür eş zamanlı sinyallerin satıcıların gücünü kaybettiği dönemlerle örtüştüğünü ifade etti.
Bununla birlikte teknik göstergeler tek başına fiyat hareketini garanti etmiyor ve yatırımcılar tarafından diğer piyasa verileriyle birlikte değerlendiriliyor.
XRP İçin Gözler Destek ve Direnç Bölgelerinde Mevcut görünümde XRP için kısa vadede 1,08 dolar seviyesi önemli destek konumunda bulunuyor.
Bu bölgenin korunması halinde piyasa yeniden 1,30 dolar direncini gündemine alabilir.
Öte yandan ETF akışları, borsa rezervleri ve zincir üstü göstergeler birlikte değerlendirildiğinde XRP piyasasında henüz tek yönlü bir görünüm oluşmuş değil.
Şimdilik veriler, kurumsal yatırımcı hareketleri ile zincir üstü göstergelerin farklı sinyaller ürettiği ve yatırımcıların yeni yönü belirlemek için kritik seviyeleri izlemeyi sürdürdüğü bir döneme işaret ediyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
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Crypto market recovery signs are flashing amid July seasonality and rising liquidity. Bitcoin (BTC), Ethereum (ETH), and XRP prices have already rebounded significantly ahead of options expiry today.
BTC price has surged more than 6% to $62K since CoinGape predicted bullish crypto market reset for recovery last week. Over the last 24 hours, the crypto market saw nearly $300 million in short liquidations after US nonfarm payrolls came below expectations.
Over $2.2 Billion in Bitcoin, ETH, XRP Options Expiry Today According to Deribit data, $1.9 billion in Bitcoin options with a put/call ratio of 0.70 are expiring today, July 3. The max pain price is $61,000, below the current $61,626 market price.
Deribit data shows a higher probability of expiring above $61,500 strike price. Moreover, options traders are betting on $64K, $66K and $70K call options for upcoming weekly and monthly expiries.
In the last 24 hours, call options trading volume is higher than put options and has a bullish put/call ratio of 0.75. Falling implied volume and rising 25-delta skew indicate a transition from panic to stability, signaling a potential crypto market recovery.
Bitcoin Options Open Interest. Source: Deribit Meanwhile, $230 million in ETH options to expire today, with a put/call ratio of 1.29. However, the put/call ratio has decreased to 1 as bulls open calls for a $2,500 strike price in September.
The max pain price is $1650, below the current Ethereum price of $1713. Deribit data shows a 91% odds of Ethereum expiring above $1700.
ETH Options Expiry. Source: Deribit XRP options of notional value $3.7 million are set to expire today, with a put/call ratio of 1.06. The max pain price is $1.06, with Deribit data suggesting a $1.14 target by July-end amid broader crypto market recovery.
XRP price is currently trading at $1.10, up 5% over the past 24 hours. The recovery followed US jobs data that raised hopes of a Fed rate cut.
XRP Options Expiry Analysts Predict Crypto Market Recovery Bitcoin price is trading above the 7-day moving average, but still below the 30-day moving average. 10x Research pointed out that heavy supply pressure mounted when the Winklevoss Twins transferred Bitcoin and ETH worth $67 million to Gemini crypto exchange to secure profits.
However, a sudden buying spree by long-term holders helped establish a firm price floor. This happened after Fed Chair Kevin Warsh declined to signal imminent interest rate hikes.
Bitcoin July Seasonality. Source: 10x Research Markus Thielen from 10x Research said “July has historically been Bitcoin’s strongest month, averaging +9.1% returns, before the market typically flattens out through August and September.”
The latest Bitcoin rebound from $58K to nearly $62K comes amid support from derivatives traders. BTC, ETH, and XRP futures open interest have climbed massively in the past 24 hours.
Analyst Cheds Trading noted Bitcoin price recovery, but warned about a hidden bearish divergence with RSI on the daily timeframe. Bitcoin price faces local resistance at the $62.5K zone, which is near the key 200-week moving average.
Bitcoin Hidden Bearish Divergence with RSI. Source: Cheds Trading
Bitcoin (BTC) maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum (ETH) and Ripple (XRP) are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.
Risk appetite boosts capital inflowsFor several weeks, risk sentiment in the crypto market was subdued, weighed down by macroeconomic headwinds, geopolitical uncertainties, and a dearth of clear catalysts.
However, sentiment is now showing tentative signs of recovery, as evidenced by the Crypto Fear & Greed Index, which ticked up to 21 on Friday from 19 the previous day, still deep in ‘Extreme Fear’ territory. Should this trend persist, we could see further capital inflows as investors gradually regain confidence in risk assets.
Crypto Fear & Greed Index | Source : AlternativeInstitutional investors are making a notable return to Bitcoin, as evidenced by Thursday’s spot BTC Exchange-Traded Fund (ETF) inflows of $221 million, the first significant uptick since mid-June and a clear break from a nine-day stretch of outflows.
SoSoValue data highlight cumulative ETF inflows of $51 billion and average net assets of $74 billion. This resurgence of institutional capital signals growing confidence and is lending crucial support to Bitcoin’s ongoing recovery.
Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs posted a second consecutive day of inflows, with $29 million recorded on Thursday, nearly doubling Wednesday’s $15 million. If sustained, the inflow momentum would back the ongoing recovery and cement investor confidence amid renewed market optimism. Cumulative inflows average $11 billion with net assets under management at $9 billion.
Ethereum ETF flows | Source: SoSoValueUS-listed XRP spot ETFs attracted inflows of nearly $7 million on Thursday, breaking two consecutive days of outflows. Despite withdrawals on Tuesday and Wednesday, cumulative outflows remain steady at $1.48 billion, with net assets under management averaging $988 million.
XRP ETF flows | Source: SoSoValuePrice analysis: Bitcoin buyers tighten grip as recovery gains momentumBitcoin trades at $61,725, extending its rebound for the third consecutive day. Still, the Crypto King sustains a bearish near-term tone as it sits well below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs). The 50-day EMA at roughly $66,025, the 100-day EMA near $69,818 and the 200-day EMA around $75,952 all fan out above spot, suggesting the broader downtrend remains in place despite the recent stabilization.
The Parabolic SAR at about $62,200 also hovers just above price, reinforcing overhead pressure, while the Relative Strength Index (RSI) lingering in the mid-40s hints at only modest, corrective upside momentum rather than a decisive reversal.
BTC/USDT daily chartOn the topside, immediate resistance is defined first by the Parabolic SAR at $62,200, with the 50-day EMA at $66,025 acting as the next significant barrier. Beyond these key barriers, the 100-day EMA at $69,818 and the downward resistance trendline break price near $75,072 converge with the 200-day EMA to create a broader supply zone that would need to be reclaimed to weaken the prevailing bearish structure.
On the flip side, immediate support is highlighted by psychological round-number levels at $60.000 and $58,000, respectively. Trading below this demand range would leave Bitcoin vulnerable to renewed selling toward a new yearly floor.
Altcoins technical outlook: Ethereum and XRP extend modest gainsEthereum edges higher above $1,700, marking three straight days of gains. Momentum has improved as reflected in the RSI, which hovers just above 50 on the daily chart and the Moving Average Convergence Divergence (MACD), with its histogram in positive territory, hinting that selling pressure is easing.
Despite the upswing, the several structural levels cap ETH's upside. Trading below the 50-day, 100-day and 200-day EMAs reinforces a broader downtrend.
ETH/USDT daily chartOn the topside, immediate resistance is seen at the 50-day EMA around $1,808, followed by the descending resistance trendline region referenced near $1,928. Further north, the 100-day EMA at about $1,983 and the 200-day EMA close to $2,271 define a broader supply band that would need to be reclaimed to shift the medium-term tone. Looking down, initial support is provided by the Parabolic SAR around $1,516, where a daily close below would likely reopen the path toward lower lows despite the currently improving momentum backdrop.
XRP trades at $1.10, as bulls tighten their grip. The psychological support at $1.03 allowed buyers to reengage, aligning with the broader crypto market's short-term positive outlook. Momentum is improving, backed by the RSI's recovery toward a neutral 46 on the daily chart and the MACD histogram, which has recently turned slightly positive. Together, both indicators hint at modest upside momentum within a broader downtrend.
XRP/USDT daily chartOn the topside, initial resistance emerges at the 20-day Bollinger middle band around $1.11, followed by the downtrend resistance trendline break area near $1.21 and then the 50-day EMA close to $1.19, forming a dense supply zone before the upper Bollinger band near $1.23. Higher up, the 100-day EMA around $1.29 and the 200-day EMA near $1.51 mark more substantial barriers.
Conversely, the lone nearby structural cushion is the Bollinger lower band, now around $0.99, where buyers could attempt to slow any further decline.
(The technical analysis of this story was written with the help of an AI tool.)
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.
Cryptocurrencies gained ground on Thursday while major stock indexes closed at all-time highs, as softer-than-expected jobs data lowered expectations for a Federal Reserve rate hike.
Crypto Market RalliesBitcoin briefly broke $62,000 but failed to sustain the rally, pulling back to the low $61,000 range. Ethereum experienced a more pronounced rally, breaking through the $1,700 level before consolidating sideways.
Nearly $460 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in short positions, according to Coinglass data
Bitcoin’s open interest rose 1.14% over the last 24 hours to $46.22 billion. Derivatives traders on Binance, including both retail and whale investors, remained net long on the leading cryptocurrency but trimmed their long positions.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.2 trillion, following a dip of 0.79% over the last 24 hours.
Dow Closes At New RecordMajor indexes bounced back on Thursday after a brief pause. The Dow Jones Industrial Average rallied 594.83 points, or 1.14%, to hit a record close of 52,900.07. The S&P 500 eked out a narrow gain to end at 7,483.24, while the tech-focused Nasdaq Composite dropped 0.8% to close at 25,832.67.
U.S. job growth slowed sharply in June, with only 57,000 jobs added, missing economists’ forecast of 110,000 and down from 129,000 in May. The unemployment rate edged down to 4.2%, below the 4.3% consensus.
The CME Group’s FedWatch tool showed markets lowering the likelihood of the Fed keeping the rates unchanged in September to 45% from nearly 50% the day before.
‘Incoming Volatility’Blockchain analytics firm CryptoQuant warned that Bitcoin’s failure to hold $60,000 could trigger accelerated selling, potentially driving the price down toward its realized price of $53,000, which serves as a major support level.
CryptoQuant reported that the average Bitcoin deposit size has doubled from 1 BTC to 2 BTC, signaling increased activity from whales and institutional investors rather than retail participants.
“Whales appear to be leading the move. Incoming volatility,” the firm added.
Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, said that he’s not selling his altcoins and plans to take profits once market excitement around altcoins returns.
“The markets are just waking up and sentiment can change fast,” Van De Poppe said. “There’s no need to be looking to be selling the actual market bottom, as that would be here.”
Photo Courtesy: Marc Bruxelle on Shutterstock.com
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This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH) Ethereum managed to bounce off support at $1,500 and recovered last week’s losses. This is also why it closed the week with an impressive 10% rally, as buyers regained control of price action.
To be confident in a sustained recovery, the price will need to eventually break the current resistance at $1,800. Anything less than that would only be a short relief before sellers return to dominate.
Looking ahead, Ethereum has a real chance here to set a local bottom and attempt a rally. The question is if buyers have the volume and strength to sustain it and break the key resistance in the days and weeks to come.
Source: TradingView Ripple (XRP) This week, buyers managed to defend $1, sending the price 6% higher. However, there is resistance at $1.1, which has managed to hold off the bulls, at least as of this post.
Similarly to Ethereum, XRP needs to make the best of this bounce and turn it into a sustained rally if it wants to break away from its current downtrend. Even if the $1.1 resistance falls, the price still has to claim $1.3 to confirm a breakout.
Looking ahead, the price reaction at $1 was somewhat expected since it’s a key psychological level. If buyers fail to capitalize on this in the coming days and weeks, then sellers will likely return to put pressure again.
Source: TradingView Cardano (ADA) This week, ADA impressed with a 16% bounce after the price briefly fell under the $0.15 support. With the support secured, this cryptocurrency has a good shot at moving higher. However, as of this post, the price formed a lower high.
To be confident in a sustained recovery, Cardano will have to move beyond its previous high of 19 cents. Anything less than that would make this a bearish bounce, eventually leading to ADA falling lower.
Looking ahead, sentiment across the crypto market has improved with the start of July, but the month is only just beginning, and it is too early to say whether the current price action will be sustained. At a macro level, ADA remains bearish.
Source: TradingView Binance Coin (BNB) Compared to the other coins on our list, Binance Coin remained flat this week. This is atypical and rather bearish because the price failed to reclaim its support at $580. Because of that, sellers retain the upper hand and may aim for $500 next.
The $500 support hasn’t been tested yet, but it’s the next major level if bears continue to dominate the chart. Moreover, Binance failed to secure a MICA license in the EU at the start of July, which made it lose a key market to competitors.
Looking ahead, any weakness for Binance, the exchange, will likely translate to its token, BNB. The current chart seems to confirm this, as it remains in a bearish trend with no bounce or recovery in sight.
Source: TradingView Hype (HYPE) HYPE found good support above $60 and bounced by 6% this week. This has placed it in flat price action since early June. This consolidation is also forming a large pennant. Once that is resolved, we will know where this cryptocurrency is headed next.
When a pennant forms, the price tends to respect the underlying trend, which, in this case, is bullish. Therefore, the higher probability is for the price to break away and aim for new highs.
Looking ahead, HYPE will have to secure $68 as a key support and hold above it if it wants to challenge the current all-time high at $77. Anything less than that, or a break below $60, would be a bearish signal with lower lows likely.
The historic volatility of cryptos once again reminded market operators that short-term certainties do not exist in this universe. This Thursday, July 2, the ecosystem recorded a technical reversal, inflicting dry financial losses on investors positioned short. Indeed, this sudden surge, occurring after several days of bearish pressure, redefines the short-term price dynamics for the main market assets. Understanding the mechanisms of such a purge is essential today, as it illustrates the extreme sensitivity of the crypto market to leverage effects and global macroeconomic indicators.
In brief The crypto market rebound triggered a massive liquidation of short positions, with over 600 million dollars wiped out in just 24 hours. Bitcoin, Ethereum, Solana, and XRP saw a clear rebound, driven by a strong short position coverage movement. The latest US economic indicators, notably the slowdown in employment, revived hopes of a Fed monetary policy easing. Shares of major crypto-related companies, like Strategy, Coinbase and Circle, also benefited from this renewed optimism. Bitcoin: cleaning up short positions in the derivatives market The crypto market rebound, after a violent drop, observed over the last 24 hours, completely caught bearish investors’ strategies off guard, causing major price movements and massive losses on derivatives products :
Bitcoin (BTC) surge : the top market crypto surpassed the $62,000 mark for the first time in over a week, reaching a local high at $62,078 after having plunged below $58,000 earlier in the week (a 21-month low). It then stabilized around $61,650, up 3% on the day and 4% on the week ; The scale of global liquidations : the technical purge totaled $602 million in 24 hours, with short positions representing the majority of the carnage with $400 million in net losses ; The case of Ethereum (ETH) : notably, ETH surpassed bitcoin as the top contributor to forced liquidations with $187 million wiped out by its traders, versus $184 million for BTC, taking its price to $1,701 (nearly 5% increase) ; The performances of Solana (SOL) and XRP : Solana jumped nearly 5% for the day to $81, becoming the biggest weekly gainer in the top 10 with over 22% gain. XRP increased over 3% to trade at $1.09. This exceptionally large technical purge demonstrates how quickly forced liquidations can feed into each other. The simultaneous reversal of major altcoins confirms that the market was trapped by an excessive accumulation of highly leveraged short positions, turning a simple technical resistance into a powerful global short position cover rally.
Macroeconomic catalysts and US employment indicators This bullish turnaround in capital markets stems directly from the latest economic releases and the monetary policy directions in the United States. The rebound began following statements by Federal Reserve Chairman Kevin Warsh, who deliberately maintained ambiguity on the institution’s future intentions. Indeed, investors reacted positively when the leader “declined to say whether the agency planned rate hikes, but later this year”.
Following this intervention, interest rate traders now estimate almost equal probabilities regarding the Fed decision to hold or raise rates at the September meeting. However, they still project a 64% probability that a rate hike will occur by the October FOMC meeting.
The upward movement intensified Thursday after the Bureau of Labor Statistics announced that US employers created only 57,000 jobs in June. This figure was much lower than the initial target of 115,000. Moreover, it is a clear decline compared to the revised 129,000 jobs recorded in May.
This marked slowdown in US employment paradoxically boosted global risky assets in particular bitcoin, easing fears of a prolonged monetary tightening by central bankers. While traditional markets reacted mixedly, with the S&P 500 and Nasdaq closing lower and the Dow Jones remaining in the green, the crypto sphere took advantage of this slowdown to initiate its technical relief rally.
Stock market reaction and the surge of Web3-linked stocks The impact of this price rebound was not limited to retail investor portfolios; it also shook the shares of listed crypto sector companies. Michael Saylor’s Strategy, which remains the world’s largest corporate bitcoin holder, saw its stock appreciate nearly 7% to reach $100.
This recovery is all the more significant because the stock had dropped to nearly $80 the previous week. In the same bullish momentum, the American exchange platform Coinbase’s stock rose 3.35% to $165. Circle, issuer of the USDC stablecoin, completed this positive picture by recording a nearly 5% increase to reach $65, showing strong resilience.
However, the future implications of this global movement invite a nuanced analysis of the market’s macroeconomic structure. While this technical rebound validates cryptos’ immediate responsiveness to Fed signals and illustrates the constant danger of leverage for sellers, the overall trend calls for real ethical caution. Taking the necessary perspective, bitcoin still shows a 16 % decline over the last month and trades approximately 52% below its all-time high near $126,000 set in October 2025.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Ethereum price climbed 6% to $1,713 as the wider crypto market recovered. Bitcoin’s move above $62,000 lifted sentiment across major tokens. Solana, XRP, Cardano, and Dogecoin also gained, adding momentum. Traders now watch whether stronger demand can push ETH toward $2,000 next week amid improving risk appetite and volume signals.
Crypto Market Recovery Fuels Fresh Demand The crypto market rose 2.71% in 24 hours, pushing its value to $2.14 trillion. That action gave traders renewed confidence following a number of poor performances.
Bitcoin price outlook also fluctuated around the level of $62,000, which contributes to the broader recovery. Bitcoin strength, as usual, boosted demand in major altcoins.
Ethereum price rose by almost 10% throughout the week, with more robust short-term momentum. Solana price has also risen 18%, and Cardano and XRP prices rebounded.
Meanwhile, short sellers were under intense pressure as prices were reversed. Short positions were liquidated to the tune of about 281 million in the market.
US Iran Peace Talks Improve Sentiment ETH price was also boosted by the relaxed tensions in the Middle East. It was reported that the US officials suspected that Israel might attack Iranian negotiators.
The suspected targets included Abbas Araghchi and Mohammad Bagher Ghalibaf. The two personalities were associated with delicate negotiations between Iran and Washington.
US officials allegedly warned Iran using regional intermediaries. They feared any strike could end talks and restart the conflict.
But market response is now indicating that traders perceive reduced war risk. The oil prices fell to a 4-month low.
The fact that the oil prices are lower can ease the issue of inflation in all their markets worldwide. Thus, the risk assets tend to appreciate as the energy pressure begins to diminish.
🇺🇸🇮🇷 Tanker traffic through the Strait of Hormuz over the past 24 hours shows a clear split
The majority of vessels using the Iranian route are either headed to, or leaving Iran.
Whilst tankers traveling elsewhere are using the Omani route, which is still being protected by U.S…
— Mario Nawfal (@MarioNawfal) July 3, 2026
Tanker traffic through the Strait of Hormuz still remains below normal. However, markets seem not to be so concerned about the broader war in the region.
This reduced waving contributed to the crypto prices gaining momentum more effectively. Consequently, further peace development would be beneficial to Ethereum price.
ETF Inflows Support Ethereum Price Outlook ETF flows added another reason for a possible Ethereum price rally. Spot Ethereum ETFs had their first inflows since mid-June.
The products had faced a difficult period during June. The net outflows amounted to approximately 529 million during the month.
However, July opened with stronger demand from investors. Spot Ethereum ETFs experienced net inflows of 14.9 million on July 1.
Bitcoin Spot ETFs See $222M Net Inflow After 10-Day Outflow Streak
On July 2 (ET), Bitcoin spot ETFs recorded a total net inflow of $222 million, turning positive after 10 consecutive days of net outflows. Ethereum spot ETFs recorded a total net inflow of $29.08 million. pic.twitter.com/LP3UjuQPJV
— Wu Blockchain (@WuBlockchain) July 3, 2026
The improvement continued on July 2, with another $29.08 million entering Ethereum ETFs. That demonstrated that demand was coming back following weeks of strain.
Spot ETFs that track Bitcoin also became positive following ten consecutive outflow days. They recorded $222 million in net inflows on July 2.
Ethereum Price Analysis: Key Levels To Watch The Ethereum breached the $1,700 mark following consistent purchasing in the short-term market. The shift brought ETH close to one of the resistance points, and now, the next target is $1,800.
The MACD is also bullish, with the blue line on top of the signal line. The histogram remains positive as well, indicating that upward pressure is still active. With this strength, the full ETH forecast report may first test $1,800 before it moves any further toward $2,000.
In the meantime, RSI is close to 71, indicating an overbought region. This reading presents a great momentum.
Source: ETH/USDT 4-hour chart: Tradingview On the downside, $1,700 now serves as the first support level. Any fall below that level might reveal $1,600 once more. With the increased selling, ETH can revisit the $1,560 demand zone before attempting another recovery.
Bitcoin climbed above the $61,000 mark and the recovery was led by macro data, as weaker U.S. jobs numbers increased expectations that the Federal Reserve may shift toward a less restrictive policy stance. The cryptocurrency was trading at $61,739 mark.
In the past 24 hours, Bitcoin was up 2.80% and Ethereum was up 6.24% to trade at $1,716 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano gained upto 6.68%.
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Riya Sehgal, Research Analyst, Delta Exchange said the move is still a relief rally, not a confirmed reversal. For Bitcoin, $62,200 is the first resistance. A sustained move above this level can open room toward $64,000–$65,000.
ETF flows have improved for Bitcoin but remain uneven, while Ethereum ETF flows are largely flat, Sehgal further said. Bitcoin picked up to $62,000 after whales added 270,000 BTC, forcing $130M short losses and the fear and greed index has risen to 22, as the market sentiments improve but still remain under fear, said CoinDCX Research Team.
The global crypto market capitalisation went up 2.64% to $2.13 trillion, according to CoinMarketCap.
In the past week, Bitcoin and Ethereum were up 1.97% and 8.68% respectively. Among the major altcoins, XRP, Solana, Hyperliquid, Dogecoin, and Cardano gained upto 14.91% whereas BNB and Tron were down 1.25% and 1.15% respectively.
CoinSwitch Markets Desk said BTC staged a rebound towards $62K, driven primarily by a short squeeze. However, the broader backdrop remains mixed. Institutional demand remains weak due to persistent ETF outflows, while higher bond yields continue to compete with risk assets.
The next major directional move will likely depend on macroeconomic conditions, institutional flows, and whether BTC can sustain momentum above $62K toward the $65K resistance, CoinSwitch Markets Desk further said.
Here is what other analyst say
Avinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin’s rebound following weaker-than-expected U.S. jobs data underscores how closely crypto markets are tracking macroeconomic expectations. For investors, the conversation is gradually shifting from “how low can prices go” to “when does liquidity begin returning to the market.
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Nischal Shetty, founder, WazirX: Bitcoin recovered above the $60,000 mark as investors responded positively to expectations of a more accommodative monetary policy, while Ethereum ETFs recorded fresh inflows, signalling renewed institutional interest.
Vikram Subburaj, CEO, Giottus: The recovery above $60,000 has helped stabilise market sentiment. This follows this week's decline towards $58,000. However, it is still not enough to confirm a durable trend reversal.
Akshat Siddhant, Lead quant analyst, Mudrex: On-chain data shows Bitcoin exchange inflows have climbed above 50,000 BTC per day, along with Ethereum exchange inflows exceeding 1.25 million ETH. Historically, such spikes in exchange deposits have often been followed by increased volatility, including June’s decline to $58,000.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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After weeks of heavy selling pressure, XRP price has finally shown signs of a possible recovery, jumping 4% over the past 24 hours to around $1.10. Now, popular crypto analyst Ali Martinez says a key technical indicator has flashed its first buy signal since mid-June.
The last time this signal appeared, XRP rallied about 14%, which means that the price could jump toward $1.24 if history repeats.
XRP Price Flashes Its First Buy Signal Since JuneOn the 4-hour XRP chart, Ali Martinez noted that the SuperTrend indicator has flashed a buy signal for the first time since mid-June.
According to his chart, the same indicator correctly identified the last two major corrections of 19% and 16%, making it one of XRP’s more reliable trend-reversal signals.
XRP: BUY SIGNAL
The SuperTrend indicator has just flashed a buy signal on $XRP for the first time since mid-June.
The last buy signal preceded a 14% rally.
It has also done an excellent job identifying trend reversals, catching the last two major declines of 19% and 16%. pic.twitter.com/tftPM7EaLC
— Ali Charts (@alicharts) July 2, 2026 The last time this buy signal appeared, XRP rallied around 14.2%. If history repeats, a similar move from the current $1.09 level could push the price toward $1.24.
After analyzing the chart, Martinez also noted that XRP is trying to build support around the $1.08-$1.09 zone, where buyers appear to be stepping back into the market.
Whales Are Buying While Most Traders Remain FearfulIt’s not just the indicator flashing a bullish signal. CryptoQuant data also shows whales are quietly accumulating XRP.
The All CEX Whale vs Retail Spread currently stands at 50.9%, while Binance’s reading is 44.6%, indicating that large investors are buying more aggressively even as retail traders remain cautious.
At the same time, XRP has recorded its strongest new wallet growth in three months, suggesting fresh network activity is returning alongside higher trading volume.
Meanwhile, Santiment’s MVRV data shows XRP holders are experiencing some of the deepest unrealized losses in the asset’s history. The 30-day MVRV stands at -45%, while the 365-day MVRV has fallen to -47%.
✍️ TL;DR: XRP Ledger average returns historically low, implying relief rally is probable
📊 Metrics Used: 30-Day & 365-Day MVRV
🔗 Link to chart: https://t.co/z3mjkJzILe
📉 XRP’s average trading returns are sitting at historic pain levels. Its 30-day MVRV is -45% and its… pic.twitter.com/Q5vmHrJ0Sc
— Santiment Intelligence (@SantimentData) July 2, 2026 Historically, such deeply negative MVRV readings have often marked strong long-term buying opportunities, as they reflect periods of extreme fear and heavy selling pressure.
Analyst Predicts One Final Dip Before XRP Price Rally BeginsWhile Ali Martinez sees a bullish signal, another crypto analyst, ChartNerd, believes XRP could see one more dip before the actual rally begins.
He noted that XRP remains below its important 20-week EMA near $1.35, meaning the longer-term trend has not yet turned bullish.
According to him, XRP could still revisit $1.00, $0.93, or even $0.87 before completing its correction. However, he argues that regardless of where the final bottom forms, XRP will see a potential recovery soon.
Story Ends Here
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3 July 2026 | 09:57 XRP is showing signs of potential stabilization as on-chain exhaustion meets an early technical recovery, though market participants are watching for volume confirmation at overhead resistance levels.
Key Takeaways XRP is currently trading near $1.10. Santiment reports record lows in 30-day and 365-day MVRV ratios. The price has pushed back above the 50-period and 100-period SMAs on the 4h chart. Still under all SMAs on the daily chart. XRP is showing signs of potential stabilization as on-chain exhaustion meets an early technical recovery, though market participants are watching for volume confirmation at overhead resistance levels.
Current Market Context On-chain data from Santiment indicates that both short-term and long-term holder cohorts currently hold significant unrealized losses, with 30-day and 365-day MVRV ratios at approximately -45% and -47%. The MVRV (Market Value to Realized Value) ratio serves as a critical thermometer for market sentiment; it essentially compares the current market price to the “average cost basis” of all tokens in circulation. When these figures plummet into negative double digits, it historically signals that speculative “froth” may have been removed, potentially leaving only long-term conviction holders in the market.
XRP Ledger MVRV buy zone. These levels represent extreme realized-value stress when measured against XRP’s 12-year history. Such positioning often precedes a contrarian reaction, as the majority of forced selling may have been absorbed by the market. Price action on the 4-hour chart reflects this potential shift. XRP recently reclaimed the 50-period SMA at $1.0563 and is currently testing the 100-period SMA at $1.0991. This development signals a technical recovery from the $1.035 base formed in late June.
XRP 4-hour technical chart. Convergence and Constraints The on-chain extremes and the recent technical reclaim point in a similar direction. The Relative Strength Index (RSI) is currently at 64.36, rising above the 55.19 signal line, which correlates with the recent momentum shift. However, as the RSI nears the overbought threshold, the current move may be reaching a point of maturity.
Caution remains appropriate for those assessing the strength of this bounce. In professional technical analysis, volume is the “fuel” that validates price movement. The current advance into the 100-period SMA is occurring on lighter volume than the surge seen on July 2. When price rises without a corresponding increase in volume, it may suggest that the move lacks the institutional conviction required for a sustained breakout, often signaling that the rally could be vulnerable to profit-taking.
Key Levels to Monitor Immediate Pivot ($1.0991): The 100-period SMA serves as the immediate threshold. Price holding above this level could keep the relief-rally scenario intact. Overhead Resistance ($1.1388): The 200-period SMA represents the next primary hurdle. Clearing this level may be required to transition from a relief bounce to a broader trend change. Support Floor ($1.0563): A slip back under the 50-period SMA could undercut the current setup, regardless of how stretched the MVRV metrics appear. The convergence of oversold on-chain positioning and an early technical reclaim on the 4-hour chart provides a constructive signal for a potential relief rally. However, it is essential to view this through the lens of the higher timeframe. While the 4-hour chart shows momentum shifting, the 1-day timeframe presents a starkly different reality: price remains firmly below the 50-day SMA ($1.2075), 100-day SMA ($1.2978), and 200-day SMA ($1.4861). These daily moving averages remain stacked in a bearish order, sloping downward and reinforcing a macro downtrend that has been intact since February.
XRP 1-day technical chart. Previous attempts to flip this trend have stalled against these same descending averages. The current price action at $1.10 sits within a falling channel, structurally mirroring earlier failed relief efforts. Furthermore, while the daily RSI is recovering, it remains near 45.88 and has yet to reclaim the 50 midline. Given this, the current move may still be characterized as a counter-trend bounce within a larger bearish structure rather than a confirmed reversal.
Confirmation of sustained buying interest, specifically a reclaim of the 50-day SMA at $1.2075, could be necessary before a more significant trend change is established. Until then, the burden of proof remains on the bulls, as the base case continues to favor a relief rally that may be vulnerable to the same overhead resistance that absorbed prior attempts earlier this year.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve high risk. Consult a professional before making any investment decisions.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Capital movements within the blockchain very often precede the price dynamics visible on trading terminals. While the crypto market is going through a phase of uncertainty and successive corrections, a major divergence is emerging on the Ripple network. This phenomenon of complete disconnection between different categories of investors raises questions about the medium-term trajectory of the token. Far from the emotional reactions that often characterize the general public, on-chain data reveals large-scale institutional activity of rare intensity. Understanding this strategic positioning is crucial to anticipate the structure of upcoming market cycles.
In Brief Whales take advantage of the XRP drop to quietly strengthen their positions, while many retail investors succumb to panic. On-chain data shows growing concentration of XRP reserves in the hands of large holders, accompanied by a sharp increase in withdrawals from exchanges. This accumulation strategy could reduce the available supply on the market and encourage a rebound in XRP, even though such concentration also increases volatility risks. The Opportunism of XRP Whales : The Market Rift The behavior of retail investors facing the recent fluctuations of XRP perfectly illustrates the psychological mechanisms governing market turning points. According to recent data, the drop of Ripple’s crypto has intensified to reach a local bottom, profoundly altering the distribution of forces at play :
The decline of XRP’s price down to the threshold of $1.04 “may have triggered fear among smaller traders, but large investors saw this as a buying opportunity,” according to market analyst Xaif Crypto ; The altcoin initiated a technical rebound to settle at $1.06 ; The underlying blockchain activity indicates growing accumulation by whales rather than a true wave of widespread selling. This configuration reveals a massive value transfer from the less capitalized wallets to the most influential entities in the ecosystem. In behavioral finance, these periods of strong correction are called capitulation phases for the general public, which tends to sell at a loss triggered by anxiety. Historic whales, drawing on their experience of previous cycles, precisely exploit these moments of collective panic to build or reinforce their positions at heavily discounted prices.
The history of global financial markets, and more specifically cryptos, shows that these phases of discreet accumulation, conducted away from public view, very often precede a sustained trend reversal as soon as the retail selling pressure is completely exhausted.
Control Over Centralized Platforms and the Explosion of Outflows Beyond a simple assessment of buying dynamics, on-chain analysis tools reveal a structural change in XRP distribution on the main global exchanges. A technical indicator proves particularly revealing of this trend: “the All CEX whale spread,” which measures the holding gap between investor categories on centralized platforms. This indicator has risen to 50.9%, indicating factually that whales now control a significantly larger share of XRP reserves held on exchanges.
This phenomenon is not limited to a single platform, as Binance is also approaching the critical threshold of 50% dominance by whales, confirming that large holders continuously increase their influence over the liquidity available on the world’s largest exchanges.
Such supply concentration is accompanied by another major trend: a spectacular increase in token withdrawals to external custody solutions. Data from the Coinbase platform show that outflows initiated by very large wallets have accelerated sharply. Transfers involving volumes greater than 1 million XRP have jumped, rising from 10% to 25.7% of the total activity on this exchange within just two weeks.
Thus, these waves of massive withdrawals constitute fundamentally bullish signals. They indicate that these large-scale investors choose to secure their assets in private wallets for long-term holding rather than leaving them on exchanges where they might be liquidated at the slightest market disturbance.
Between Historic Seasonality and Risks of Supply Centralization To complete this analysis of the XRP ecosystem, it is important to consider a temporal dimension specific to the crypto’s history. Market cycles often follow recurring seasonal trends that overlay the movements of large investors. Historically, the month of July has established itself as one of the most favorable periods for XRP.
This historic seasonal strength triggers many speculations among observers, who believe that this favorable calendar could opportunely align with the current wave of accumulation by whales. While past data do not guarantee future performance, they provide a framework frequently integrated by fund managers into their predictive models to anticipate the end of latent consolidation phases.
The impact of these coordinated moves could redefine the balance of supply and demand in the coming weeks, opening the way to contrasting market prospects. By appropriating a predominant share of liquidity and moving these tokens off the circuit, whales are causing a progressive drying up of the available supply.
In the short term, if this accumulation phase continues and the general sentiment of the crypto market improves, even a slight return of demand from retail buyers could cause a rapid price appreciation, amplified by the scarcity of tokens available for sale on exchanges.
However, such volume concentration in the hands of a small circle of actors also carries risks of manipulation or increased volatility, as the future decisions of these few large holders will have a disproportionate influence on the price of XRP.
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DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The cryptocurrency market saw sharp price movements over the past 24 hours, with XRP at center stage. A rapid upward breakout in XRP led to major liquidations among leveraged traders who had positioned for a decline. According to data from CoinGlass, forced closures of margin positions across the market exceeded $634 million within the same period.
Short positions faced heavy pressureRoughly 73% of total losses came from short positions, highlighting how many investors betting against the market were caught off guard by the sudden rally. For XRP, the imbalance was even greater: about 80.6% of all liquidations in the token were on short trades, reflecting the heightened vulnerability among those who predicted further downside.
The latest rally in XRP followed a relatively calm period between $1.02 and $1.06, placing significant stress on bearish leveraged trades.
After trading sideways in the $1.02 to $1.06 range, XRP broke through resistance at $1.0525 and surged to $1.0829. This sharp move triggered a series of stop-loss orders positioned at key intermediate levels, intensifying liquidations for those on the wrong side of the trade.
$1.30953 emerges as a critical thresholdDespite recent volatility, the area of greatest selling pressure for major XRP holders remains higher up. On-chain data reveals that $5.79 million in capital is concentrated around the $1.30953 mark. The current price still sits 20.93% below this pivotal resistance level, indicating substantial room for further upward tests if momentum persists.
CoinGlass has established itself as a key analytics platform for monitoring liquidations and open interest trends in cryptocurrency derivatives markets, making it a reliable reference for the latest market dynamics.
Short-term pullback and support test in focusFrom a technical perspective, XRP’s move above $1.0525 paved the way for the most recent upswing. However, overbought signals have started to emerge, suggesting that the pace of gains may be slowing in the near term. Analysts point out that this may temporarily cool further advances as the market digests the move.
Following the first wave of liquidations, the market is expected to seek short-term equilibrium, with XRP likely to retest its former resistance as new support.
Looking ahead, a moderate pullback towards the $1.065 level appears likely in the coming hours. Maintaining this support could provide buyers with a stronger foundation for potential medium-term moves toward the $1.30953 resistance zone.
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’s US dollar-pegged stablecoin RLUSD has made a significant shift towards the XRP Ledger network in recent months. On-chain data reveal that RLUSD circulation on XRP Ledger soared 40-fold over the past six months. This dramatic increase has pushed the XRP Ledger’s share of RLUSD supply past the halfway mark for the first time ever.
Major shift in supply distributionUntil recently, the majority of RLUSD’s supply was hosted on the Ethereum network. In April, only 17% of the total circulating RLUSD supply was on XRP Ledger, with the bulk held on Ethereum. The situation has reversed in the last few months, with XRP Ledger’s share rising to 52% of total supply.
With the XRP Ledger surpassing 52% share of RLUSD supply for the first time, and a 40-fold increase in network circulation within six months, the balance of RLUSD distribution has shifted decisively.
This shift means the XRP Ledger has achieved a majority share of RLUSD supply for the first time. As a result, what was once an Ethereum-dominated distribution is now leaning more heavily toward Ripple’s own ecosystem. The data highlight accelerating RLUSD usage on XRP Ledger.
Ripple’s role in the stablecoin landscapeRecently, Ripple joined a coalition of more than 140 members—including major finance and technology companies like Mastercard and BlackRock—to support an emerging stablecoin initiative. The group aims to promote Open USD, a new stablecoin pegged to the US dollar, as a common and efficient instrument for global payments.
Ripple’s participation in this initiative stands out, particularly given its own regulated RLUSD product. For Ripple, joining this coalition signals a strategic push to remain at the center of global liquidity flows. At the same time, the introduction of Open USD could reshape the competitive landscape for RLUSD.
Mini glossary: Open USD is a new stablecoin backed by multiple major companies and pegged to the US dollar. Stablecoins are digital assets that typically maintain a fixed value by tying themselves to a fiat currency.
Competition intensifies in the stablecoin marketThe movement of RLUSD onto XRP Ledger is being tracked as an important sign of network adoption within the Ripple ecosystem. The rapid jump in local supply share from 17% to 52% reflects a significant shift in network preference for RLUSD holders.
However, competition in the stablecoin market remains fierce. According to CoinGecko data, Tether retains its position as the largest stablecoin, with a market capitalization of $184 billion. Whether RLUSD can sustain its growth and how it will compete with new projects like Open USD will become clearer in the coming period.
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 launch of the Ripple-backed Open USD (OUSD) stablecoin has been overshadowed by a suspected fake issuer account that XRP Ledger validators have warned users not to trust.
Summary
XRP Ledger validators have warned users about a suspected fake OUSD issuer posing as the newly launched stablecoin. Validator Vet said the issuer lacks the official two-way verification needed to confirm its legitimacy. The warning follows Open USD’s launch by a consortium backed by Ripple, BlackRock, Visa, Coinbase, and more than 140 companies. Validators say the listed OUSD issuer cannot be verified According to XRP Ledger validator operator GrimmReaper, a transaction-monitoring tool connected to his validator recently detected a newly activated issuer using the “Open Standard” name on the XRP Ledger, prompting him to investigate whether it was linked to the newly launched OUSD stablecoin.
GrimmReaper shared a screenshot from Bithomp showing the account, which included the website joinopenstandard.netlify.app and a recently activated XRP Ledger address.
We might have our answer about OUSD being on the xrpl if this is legit. What do you guys think @krippenreiter and @Vet_X0 ? I have an app that watched my transactions coming into my validator and made it very able to watch for any issuer for a token name so this came up today. pic.twitter.com/tdxgl6KHsq
— GrimmReaper (@jgrimm5) July 2, 2026 Posting the image on X, he asked fellow XRPL validators Krippenreiter and Vet whether the issuer appeared legitimate. He later explained that his monitoring software tracks incoming validator transactions and automatically flags newly created token issuers using specific names.
The account also displayed advertisements such as “Earn 12% on XRP” and “Play Slots and win 70,000 XRP.” While those ads are not issued by the account itself, they appeared alongside the Bithomp page shown in GrimmReaper’s screenshot and were highlighted as common themes frequently associated with cryptocurrency scams.
Responding to the post, XRPL dUNL validator Vet urged users to assume the issuer was fraudulent until official confirmation was provided by the Open USD project.
According to Vet, a legitimate token issuer should provide what he described as a “2 way pointer,” where the issuer address links to the project’s official website and the project independently publishes the same issuer address. Vet said those verification steps were absent in this case, adding that users should not trust any issuer without confirmation from both sides.
The warning comes as the XRP Ledger community is already discussing issues reported after the rollout of the network’s v3.2.0 upgrade, with validators continuing to monitor suspicious activity across the ecosystem.
OUSD enters a competitive stablecoin market Open Standard officially launched the OUSD stablecoin on June 30, introducing a revenue-sharing model backed by more than 140 companies. The consortium includes Ripple, Visa, Mastercard, BNY, Standard Chartered, BlackRock, Google, Shopify, Coinbase and Solana.
According to the consortium, OUSD allows businesses to mint and redeem the stablecoin without fees or minimum volume requirements. It also plans to distribute reserve-generated income to participating partners after deducting a management fee, while governance responsibilities will be shared across consortium members.
Ripple’s participation as a founding member has drawn attention from the XRP community, making the project a high-profile target for impersonation attempts shortly after launch.
The stablecoin’s debut has also influenced financial markets. Circle Internet Group shares fell more than 17% on July 1 after investors reacted to the launch of OUSD and its revenue-sharing model, which introduces another institutional-focused competitor in the stablecoin sector.
Circle Chief Executive Officer Jeremy Allaire dismissed suggestions that OUSD poses a major threat to USDC, saying the stablecoin market is large enough to support multiple successful issuers. Still, the decline in Circle’s share price indicated that investors are closely watching how new distribution and revenue-sharing structures could affect competition as stablecoin adoption continues to expand.
While the price of $XRP remains in a period of sideways consolidation, market commentators believe that a breakout above a critical resistance level could further strengthen its bullish momentum. On the institutional side, consistent inflows into XRP-focused exchange-traded products signal that investor interest remains resilient, even as the broader crypto market faces continued weakness.
A technical turning point in XRP price actionAt the time of writing, XRP was trading at $1.05. The asset recorded a 24-hour trading volume of $1.6 billion and a total market capitalization of $65.72 billion. The 1.25% gain observed in the past day has revived expectations among technical analysts for a possible recovery in price.
Crypto analyst EGRAG CRYPTO pointed out that XRP entered July below its 50-month simple moving average, a scenario reminiscent of previous market cycles. EGRAG CRYPTO, well-known for technical chart commentary and boasting a broad social media following, notes that this similarity is fueling speculation about possible trend shifts.
According to market participants, $1.65 serves as the main macro resistance for XRP. Should this level be breached, analysts believe it could trigger a fresh rally phase.
Analysts recall that, in each of the previous two cycles, XRP formed a bottom near the 88-month simple moving average before staging strong upward moves. As a result, traders are closely watching whether the price will retest the 88-month average or quickly reclaim the 50-month level this time around.
Discussions consistently highlight $1.65 as the key macro barrier. Sustained trading above this threshold could further fuel expectations for targets around $7.50 and even higher. For now, however, XRP continues to move within a zone of macro compression, with a clear breakout seen as essential for establishing a definitive direction.
ETF inflows sustain institutional demandOn the institutional front, capital continues to pour into XRP-based exchange-traded funds. Despite prevailing selling pressure across the cryptocurrency market, new funds are consistently entering these backing products. This trend suggests that some major players are holding on to their positions in XRP, undeterred by short-term volatility.
The Bitwise XRP ETF has attracted an impressive $11.94 million in fresh daily inflows, ranking as the top performer in this category. Since its launch in November, the fund’s total net inflow has crossed $505 million—an indicator of robust and growing institutional involvement.
Quick definition: An ETF is an investment tool that tracks the price of an asset or basket of assets and can be traded on an exchange. Crypto-focused ETFs let investors gain price exposure to an asset without directly holding the tokens.
IndicatorValueXRP price$1.0524-hour change1.25% increase24-hour volume$1.6 billionMarket cap$65.72 billionBitwise XRP ETF daily inflow$11.94 millionBitwise XRP ETF total net inflowOver $505 millionBitwise’s $11.94 million inflow into its XRP ETF underscores ongoing institutional demand despite overall market sluggishness.
Wider market trends ripple into XRPWhen considering XRP’s technical outlook in tandem with consistent ETF growth, many market participants believe the case for a bullish trend is gaining strength. Recent mild gains in Bitcoin, for example, have boosted risk appetite not only across the altcoin market but also for investors focused on XRP.
Analysts emphasize, however, that these bullish targets remain market expectations rather than guarantees. The $1.65 resistance area is set to remain pivotal in determining the cryptocurrency’s near-term direction.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Every crypto market cycle creates the same debate. Should investors continue buying established altcoins with proven track records, or look at earlier-stage projects that still have room to grow before reaching major exchanges? The answer often depends on investment goals rather than choosing one category over the other.
In 2026, that comparison has become even more relevant. Ethereum, Solana, XRP, and Cardano continue defending important support levels while waiting for stronger market momentum.
At the same time, AI-powered presales like MemeToro ($MT) are attracting investors looking for exposure to blockchain projects still in their early stages of development.
Established Altcoins Continue Facing Market Pressure Several of the market’s biggest cryptocurrencies remain under pressure despite continued ecosystem growth.
Ethereum entered July trading near $1,570, completing its first-ever stretch of three consecutive negative quarters. Although developers continue building across its ecosystem, price recovery has been slower than many investors expected.
Solana has experienced a similar story.
The network continues processing strong blockchain activity, but SOL remains approximately 54% below its January high of $150, trading around the $75 level while attempting to stabilize after months of correction.
Cardano also continues struggling to reverse its broader trend.
The token remains below both its 50-day and 200-day exponential moving averages, highlighting how difficult it has been for buyers to regain sustained momentum.
These projects remain among crypto’s most established ecosystems, but near-term price action has reflected the cautious mood affecting the wider market.
XRP Continues Waiting for Its Next Catalyst XRP remains one of the most closely watched large-cap cryptocurrencies.
The token is currently trading near $1.05, holding above an important support zone between $1.00 and $1.06. Analysts continue warning that losing this range could expose XRP to a deeper correction toward $0.80.
Regulatory uncertainty has also slowed momentum.
Expectations surrounding the CLARITY Act have been pushed further into the second half of the year, delaying one of the catalysts many investors had been anticipating.
Meanwhile, newly launched spot XRP ETFs recorded their first period of net outflows at the end of the second quarter, reflecting broader institutional caution across the digital asset market.
Despite these challenges, XRP continues maintaining one of the largest communities in crypto.
MemeToro Is Following a Different Path Unlike established cryptocurrencies already trading on major exchanges, MemeToro ($MT) remains focused on ecosystem development before public trading begins.
The platform combines artificial intelligence with several blockchain products rather than concentrating on one use case.
Its AI Agent continuously analyzes market narratives, social conversations, online trends, and cultural developments before autonomously supporting fair no-code memecoin launches.
The ecosystem extends beyond AI automation.
Users can participate in decentralized prediction markets covering cryptocurrencies, politics, sports, entertainment, and global events using $MT and BNB. SocialFi participation, behavioral finance tools, and staking rewards of up to 35% APR provide additional utility throughout the platform.
Instead of relying solely on market speculation, MemeToro is building multiple products before exchange listings arrive.
Different Risk Profiles Appeal to Different Investors Comparing established cryptocurrencies with early-stage presales is not simply a question of potential returns.
Ethereum, Solana, XRP, and Cardano already have mature ecosystems, large communities, and established trading markets. Their future growth depends largely on continued adoption, improving market sentiment, and broader macroeconomic conditions.
Crypto analyst Michaël van de Poppe recently suggested that bearish sentiment across major assets has reached levels often associated with long-term accumulation phases before stronger recoveries emerge.
Presales operate differently. Projects like MemeToro are still completing roadmap milestones, meaning investors evaluate development progress alongside future market potential rather than existing trading history.
For many portfolios, both approaches can complement one another.
MemeToro Presale Update: Stage 3 Presale Moving Steady The MemeToro Stage 3 presale has reached 35% of its target, having raised $46,284.54 of the allocation’s $80,644.11 goal. Upon completion of this round, the $MT token price will transition from the current rate of $0.00154 to the Stage 4 rate of $0.00171.
Operating on the BNB Chain, the MemeToro platform integrates four core functionalities under a single ecosystem:
An AI agent that creates memecoins based on live trending data. Prediction markets for wagering on real-world events. An online casino that utilizes $MT tokens natively. A staking system offering up to 35% APR. The $MT token has a fixed total supply of 1.2 billion, with 71% assigned to the presale with no vesting restrictions. The platform currently accepts payments via credit/debit card, ETH, BNB, USDT, and USDC at memetoro.com.
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Chris Larsen, Ripple Labs’ co-founder and chairman, has been named among the investors backing a financial startup founded by the son of US Senator Kirsten Gillibrand. The disclosure comes at a pivotal moment, as the Senate continues its deliberations over the CLARITY Act, a bill that could significantly reshape the regulatory landscape for the entire US crypto sector.
Derivatives platform takes center stage in investmentAccording to a Thursday report from Politico, Larsen is one of a handful of investors who provided funding to American Perpetuals Exchange Corp. (APEC), a company founded by Theodore Gillibrand. While the report does not specify Larsen’s exact contribution, it notes that most investors in the derivatives platform committed between $5,000 and $10,000 each, with APEC raising a total of $30 million to date.
American Perpetuals Exchange Corp, or APEC, aims to establish itself as a player in the field of financial derivatives. Derivatives allow investors to take positions based on the projected price movements of an underlying asset, using contracts rather than actually holding the asset itself.
Mini glossary: Perpetuals are derivatives contracts that do not have a set expiration date. These instruments are especially popular among crypto traders looking to take short-term positions on price movements.
Ethics become main focus in CLARITY Act discussionsThe timing of Larsen’s investment has sparked additional interest because Senator Kirsten Gillibrand is directly involved in negotiating the ethical framework of the Digital Asset Market Structure and Investor Protection Act, widely known as the CLARITY Act. The outcome of these ethics debates is expected to have far-reaching consequences for US-based crypto firms, Ripple included.
In May, Senator Gillibrand stated that no senator would support the bill unless its ethical issues were fully addressed.
According to a spokesperson for Senator Gillibrand, referencing a statement dated June 18, the senator’s son is an independent adult who founded his own business and that Gillibrand herself has no involvement with APEC. Representatives for the company were not available for immediate comment on the matter.
Tight Senate calendar narrows legislative windowDemocratic senators are pushing for the inclusion of stronger ethical provisions in the CLARITY Act, and they want Republican lawmakers—who currently hold the majority in Congress—to support these additions. Among the reasons cited for these requests is former President Donald Trump’s known connections to the cryptocurrency sector. Meanwhile, Republicans anticipate that the bill could pass the Senate in July.
Senator Cynthia Lummis of Wyoming said in June that ongoing negotiations have focused on ethics rules, decentralized finance, and measures to combat illicit activity. However, with Republicans holding only a slim Senate majority, passing the bill will require support from Democrats to cross the critical 60-vote threshold.
The US Senate is currently in recess for Independence Day, with lawmakers set to reconvene on July 13. A further month-long break is planned for August, meaning there is only a narrow window to pass regulations impacting the crypto market structure before the legislative agenda is further delayed by the election season.
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.
This is not just another ticker-level move. It points to a deeper shift in how capital, infrastructure, or regulation is moving through crypto. XRP Price Faces Stubborn $1.07 Barrier After Repeated June Rejections gives NewsBTC readers a clean angle on XRP Price at a point where the market is trying to separate durable signals from short-lived noise.
According to the source material reviewed for this report, the story turns on a few concrete details rather than vague sentiment. That matters because crypto headlines can move quickly, but the pieces that tend to last are the ones backed by filings, official releases, data dashboards, or protocol-level records.
TL;DR
XRP price has bounced back toward the key resistance level of $1.07. This resistance zone rejected multiple bullish breakout attempts throughout June 2026. Trading volume remains average, leaving the breakout path dependent on broader market momentum. Why This Matters Now The immediate relevance is that this development fits into one of the market’s main themes for the day: institutional positioning, network usage, regulatory pressure, protocol development, or asset-specific rotation. In this case, the key topic is XRP Price, which is why it deserves a dedicated read rather than being buried inside a broader market recap.
For traders, the useful part is not simply that the headline exists. It is the way the facts line up with the current market backdrop. When official sources, market data, or protocol records show a fresh shift, readers get a better sense of whether the move is just a one-day reaction or part of something more structural.
The Details Behind The Move The core source for this story is tradingview.com with supporting data from tradingview.com. That source trail is important because the final article should not rely on discovery-only media links or second-hand summaries.
XRP price has bounced back toward the key resistance level of $1.07.
This resistance zone rejected multiple bullish breakout attempts throughout June 2026.
Trading volume remains average, leaving the breakout path dependent on broader market momentum.
The numerical claims in the pack were tied back to specific source material before writing. '$1.07' sourced from TradingView spot market exchange feed (June/July 2026 resistance)
What Traders And Investors Should Watch The caution is just as important as the headline. Do not guarantee a breakout; present the level as a key historical hurdle.
That means the cleaner read is to treat this as a confirmed development with a defined scope, not as proof of a guaranteed price move or a sweeping market shift. In crypto, the difference matters. A verified data point can strengthen a thesis, but it does not remove execution risk, liquidity risk, regulatory uncertainty, or the possibility that traders fade the initial reaction.
For now, the story gives the market another piece of evidence to weigh. If follow-up filings, dashboard updates, protocol records, or official statements confirm further momentum, the angle can develop into something larger. If not, it still stands as a useful snapshot of where activity is concentrating today.
This report is based on information from tradingview.com and tradingview.com.
This article was written by the News Desk and edited by Samuel Rae.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
XRP is at risk of tumbling under $0.90, one analyst claimed.
Ripple’s cross-border token has enjoyed robust institutional demand, standing in stark contrast to spot BTC and ETH ETFs, which have been suffering heavy outflows lately.
However, that trend appears to have reversed over the past few days, putting XRP at risk of falling below the psychological $1 barrier.
First Time Since March It was last November that Canary Capital launched the first spot XRP ETF in the US, with 100% exposure to the asset. Bitwise, Franklin Templeton, 21Shares, and Grayscale then followed suit, and since day 1, these products have generated a cumulative total net inflow of almost $1.5 billion.
Interest in the ETFs has remained solid even during the bear market that ultimately impacted Ripple’s native token. In the past two days, though, outflows have exceeded inflows, marking the first pair of consecutive days since March.
Spot XRP ETFs, Source: SoSoValue This development suggests that pension funds, hedge funds, and other conservative investors have reduced their exposure to XRP, prompting issuers of these products to sell holdings and further putting downward pressure on the token.
A few days ago, the asset’s price fell to nearly $1, and many feared that the bears would gain full control and suppress it below that crucial zone for the first time since late 2024. The bulls, though, stepped in and reclaimed some of the lost ground, and currently XRP trades at around $1.11 (per CoinGecko).
X user Diana remains cautious and predicted a potential downfall to as low as $0.87 if the asset breaks under $1.08 again. On the other hand, staying above that zone could pave the way for an increase to $1,30, she added.
You may also like: Is XRP Ready for a Reversal? Wallets Surge as FOMO Hits 3-Month Peak Crypto Analyst Challenges Ripple’s CEO Take on Strategy: ‘Two Giants, Same Model’ XRP Whales Are Moving On, and Binance Is No Longer Their Top Choice The Bullish Signals Despite recent ETF outflows, some factors suggest an upcoming upswing is more likely. The amount of XRP stored on Binance, for instance, recently dropped to a four-month low, resulting in reduced selling pressure.
XRP Reserve on Binance, Source: CryptoQuant Meanwhile, the popular analyst Ali Martinez revealed that the Tom DeMark (TD) Sequential Indicator (on a monthly scale) has flashed a buy signal on XRP (as well as other cryptocurrencies, including BTC, ETH, and SOL).
“On high-timeframe charts like the monthly, these trend-exhaustion setups carry significant weight. Historically, when multiple assets lock in concurrent monthly buy signals, it indicates seller fatigue and a high probability of a long-term market bottom,” he explained.
Short-term traders and long-term holders of XRP are now deeper underwater than at any time in the token’s roughly 12-year trading history. According to the Santiment update, XRP’s 30-day Market Value to Realized Value (MVRV) has dropped to -45% and the 365-day MVRV stands at -47%. When both timeframes are combined, the average returns are the lowest XRP has ever recorded.
MVRV measures the unrealized profit or loss of holders by comparing the current market price to the average price at which coins last moved. Negative readings signal that a large portion of the market is in a loss position. At these levels, the data indicates capitulation-like conditions where fear and frustration dominate on-chain behavior. Santiment noted that such extreme distress has historically marked low-risk entry zones for contrarian positions, even if price can dip further in the short term.
Risk-Reward Flips as Maximum Pain Sets In The 30-day and 365-day MVRV metrics both deep in the red suggest that downside absorption has been extensive. Traders who bought in the last month are sitting on average losses of 45%, while those who entered over the past year are down 47%. The synchronized pain across cohorts often emerges near local bottoms. Santiment’s historical data suggests that the best risk-reward setups tend to appear when crowd sentiment and on-chain metrics signal maximum pain rather than confidence.
This does not guarantee an immediate bounce. The broader crypto market remains under pressure from regulatory headwinds, with banks pushing to derail a landmark crypto bill just days before a Senate vote. Such macro uncertainty can keep risk assets like XRP under water for longer. Still, from a statistical standpoint, the depth of unrealized losses makes further steep declines in XRP less probable without a final washout first.
What Remains Uncertain One risk is that MVRV can stay negative for extended periods if fresh selling emerges. The Santiment note acknowledges that price “can dip a bit more if crypto markets keep struggling.” Extreme negative MVRV is a necessary but not sufficient condition for a reversal. The timing of any relief rally depends on a shift in market structure—shorts getting squeezed, exchange outflows, or a spark from a catalyst that reverses sentiment.
For now, the data tells one clear story: the average XRP holder is nursing historic losses, and historically, that kind of pain has preceded sharp recoveries. The question is whether the macro picture will cooperate this time around.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
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Shiba Inu remains under heavy pressure despite showing some signs of stabilization near local lows. After losing a number of significant support levels during the overall market decline, the asset is currently trading at $0.0000043. The 50-day, 100-day, and 200-day trend lines on the chart continue to point downward, indicating that bears are still in control of the market. SHIB is clearly below all major moving averages.
The recent rebound from June lows has been modest at best. Another rejection and continuation lower resulted from SHIB's short-lived formation of a small ascending structure that was unable to maintain momentum.
SHIB/USDT Chart by TradingViewPositively, the RSI is trying to form a higher low after recovering from extremely oversold territory, indicating that selling pressure is progressively lessening. The first significant obstacle for bulls is still the $0.0000046 region, which is followed by more robust resistance close to $0.0000050-$0.0000055, where a number of moving averages converge.
HOT Stories
A breakout above those levels could trigger a more meaningful recovery. Any upward movement should be seen as a relief rally within a broader downtrend, though, as long as SHIB stays below them.
Should XRP Rival SHIB?Technically, XRP is outperforming SHIB by a small margin. The asset has held above the psychologically significant $1 level after a protracted decline, and it has recently recovered toward $1.09. XRP is still trading below the 100-day and 200-day trend indicators, but the recovery has forced it back toward its short-term moving average.
The completed breakdown from a multi-month consolidation range is the chart's most prominent feature. That breakdown accelerated selling pressure throughout June, but XRP appears to be attempting to establish a local bottom above the $1 support zone.
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Momentum is improving, as seen by the RSI's recovery toward neutral territory. If buyers keep things under control, XRP may face resistance at $1.12 and then $1.21, which is where the 100-day moving average is currently located. The asset's outlook would be greatly enhanced by a successful move above those levels.
Although XRP is still in a bearish long-term structure for the time being, it is exhibiting relative resilience in comparison to many significant altcoins. While holding above $1 is still crucial, a recovery above $1.21 would be the first clear sign of a more significant reversal.
Hyperliquid Makes HasteDespite the recent decline, Hyperliquid is still one of the market's top large-cap performers. HYPE is currently consolidating around $66 after surging to new all-time highs close to $76, returning some of its gains while preserving a strong bullish structure.
In contrast to the majority of altcoins, HYPE is still trading well above its upward-sloping 50-, 100-, and 200-day moving averages. The wider uptrend is confirmed to be intact by that alignment. The price has returned to the 50-day moving average at $63.9 as a result of the recent correction, and this is serving as the first significant dynamic support.
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After spending weeks close to overbought territory, the RSI has retreated to the neutral 53 area, indicating a significant cooling of momentum. That is a healthy development rather than a bearish one, as it reduces the risk of an overheated market. Another attempt to recover the $70 level is more likely if buyers hold onto the $63–$64 support zone.
Although the long-term outlook would remain bullish unless that level also fails, losing that support would expose HYPE to a deeper correction toward the 100-day moving average near $61.5.
Synapse's Unexpected RecoveryIn just a few weeks, Synapse went from below $0.05 to above $0.50, making it one of the market's most explosive performers. The rally was propelled by multiple events that reinforced one another rather than a single catalyst. After Binance placed SYN under its Monitoring Tag, the action started as an aggressive short squeeze. As the price recovered from extremely oversold levels, heavily shorted positions were compelled to cover rather than causing capitulation.
SYN/USDT Chart by TradingViewAfter the Synapse team shifted the project's narrative from its legacy bridge business to Hypercall, an options exchange based on Hyperliquid, the rally picked up speed. There was a resurgence of speculative interest in that new direction. The last significant boost came when Arthur Hayes, a co-founder of BitMEX, revealed an OTC purchase of over six million SYN tokens for about $2.2 million.
He described this as asymmetric exposure to the Hypercall ecosystem. His support raised market awareness considerably. Technically, however, caution is warranted. SYN is trading well inside overbought territory, with an RSI close to 88. The unusually long wicks of daily candles indicate significant profit-taking and high volatility.
The price is currently trading several hundred percent above the long-term moving averages, even though they have turned bullish. This leaves ample opportunity for significant retracements. Bulls continue to have momentum as long as SYN stays above the psychological $0.50 area. But after such a vertical move, volatility should be expected, and another 20–40 percent correction would not necessarily invalidate the broader uptrend.
Bitcoin held above the $61,000 level on Thursday as investor sentiment improved following a more dovish tone from the Federal Reserve that eased pressure on risk assets.
Notable Statistics:
Coinglass data shows 131,062 traders were liquidated in the past 24 hours for $598.92 million. SoSoValue data shows net outflows of $294.6 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $14.9 million. In the past 24 hours, top gainers include MemeCore, Uniswap and Lighter. Notable Developments:
Trader Notes:
Bitcoin OG Lucky noted Bitcoin is staging a strong recovery toward a key breakout level, with elevated leverage adding to market risk. Analysts say the next move could be decisive if BTC sustains its current momentum.
Trader Jelle highlighted Bitcoin bulls are defending key support, with a three-day bullish divergence helping price rebound toward the previous trading range.
Analysts say a move back above $65,000 would strengthen the near-term outlook, while gradual accumulation remains the preferred strategy.
CryptosBatman pointed out Bitcoin flashing a bullish divergence, with price making lower lows while the RSI posting higher lows. Analysts say BTC is now testing its 100-day EMA, a key technical level that could determine whether the next major move is a breakout or another rejection.
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XRP has now closed below the 200-week moving average for the first time since the 2024 rally, confirming the overall bearish market trend.
This move comes during the ongoing downtrend that started in Q4 2025 and has now lasted for ten months. Despite the decline, past trends suggest that a drop below this major moving average after an uptrend can indicate that a possible bottom may be forming.
However, it does not necessarily mean prices will recover right away. In most cases, this phase represents a change toward stabilization, not an immediate rebound.
XRP Closes Below 200WMA Specifically, in the first week of June, XRP closed at $1.155, while the 200-week moving average stood at $1.189, confirming the breakdown.
This marked the first time XRP traded below this level and the first weekly close under it since the first week of November 2024, just before the Donald Trump-led market rally.
The 200WMA represents the average price over about four years of weekly closes, and this makes it an important long-term benchmark. When prices stay below it, it shows that most medium- and long-term holders are now holding at a loss.
Since the breakdown, XRP has now spent three weeks below the 200WMA and is heading into a fourth week. At the time of writing, XRP trades at $1.0584, while the moving average has climbed to $1.20.
The 200WMA has also flipped from dynamic support to resistance. This means that if price moves back toward it, sellers are more likely to step in, which could limit any short-term recovery attempts.
How XRP Behaved in 2022 A similar breakdown occurred during the Terra ecosystem collapse in May 2022, when XRP closed below the 200WMA in the second week of May 2022 for the first time in over a year.
After that, XRP remained below the moving average for five weeks before reaching a cycle low of $0.28 in June 2022.
Although this level marked the bottom, recovery did not happen quickly. Specifically, XRP did not begin a clear uptrend until November 2024, more than two years later.
During that time, the price oscillated above and below the 200WMA multiple times before finally breaking above it during the November 2024 rally, which confirmed a stronger trend.
XRP’s 2019 Case Before that, XRP showed a similar pattern in August 2019, when it closed below the 200WMA after an uptrend. It then stayed below the moving average for five weeks and reached a low of $0.22 in September 2019, which seemed like a bottom at the time.
However, the recovery that followed this floor price failed, and XRP dropped below the moving average again, eventually falling further to $0.11 in March 2020, about seven months after the initial breakdown.
XRP Closes Below 200WMA Nonetheless, most analysts see this as an exception because it was caused by the COVID-19 market crash, an unexpected global Black Swan event.
Meanwhile, after reaching the $0.11 bottom in March 2020, XRP eventually staged a recovery effort. The price later moved back above the 200WMA in January 2021, which led to a strong rally that pushed the asset up to $1.96 by April 2021.
Is This a Buying Opportunity? If no major external shock occurs, XRP could follow the 2022 pattern, where it formed a bottom within a few weeks after falling below the 200WMA.
However, history shows that reaching a bottom does not mean a new bull run will begin immediately. In the 2022 cycle, XRP still spent nearly two years moving around the 200WMA, struggling to stay above it before finally breaking out.
For now, even if XRP finds a bottom soon, the market may only see short-term relief rallies instead of a strong recovery. A longer period of sideways movement could come before any clear uptrend begins.
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 continues to consolidate in a narrow range on both USDT and Bitcoin-paired charts, with the broader trend still favoring the sellers.
However, the latest technical signals suggest downside momentum may be fading as the market defends key support while early signs of bullish divergence begin to emerge.
Ripple Price Analysis: The USDT Pair Against USDT, XRP remains confined within a well-defined descending channel, with the price trading below the 100-day and 200-day moving averages. This keeps the higher time frame structure bearish despite the recent stabilization.
The asset is currently holding around the $1.08 support area, which also coincides with a major horizontal demand zone. After the sharp sell-off in June, sellers have so far failed to extend the decline, allowing XRP to build a short-term base above support.
The RSI has formed a clear bullish divergence, printing higher lows while the price registered lower lows. This typically signals weakening bearish momentum and raises the probability of a relief rally if buyers manage to reclaim higher levels.
The first resistance lies around the $1.15 supply zone, while stronger resistance remains near the 100-day moving average around the $1.25 region. A recovery above these levels would improve the broader outlook, whereas losing the $1 support could expose the lower boundary of the channel near $0.80.
Source: TradingView The BTC Pair Against Bitcoin, XRP is also trading inside a long-term descending channel, reflecting persistent relative weakness. The pair remains below the major moving averages, indicating that the broader trend has yet to shift in favor of XRP.
Recently, XRP briefly broke below the key 1,700 sats low before quickly reclaiming it, creating what appears to be a fake breakdown. This rejection below support suggests sellers failed to maintain control and may have triggered a liquidity sweep before the price recovered back into the previous range.
Despite the recovery, the pair still faces immediate resistance around 1,850 sats, with a stronger supply zone located near 2,000 sats, where horizontal resistance converges with the declining 200-day moving average. A decisive move above these levels would strengthen the case for a broader recovery toward the upper boundary of the channel.
As long as XRP holds above 1,700 sats, the fake breakout scenario remains valid and could support additional upside. However, a confirmed daily close below this level would invalidate the bullish setup and likely open the door for another leg lower toward the critical 1,500 sats support area.
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 is trading around $1.09 and sitting roughly 70% below its all-time high, but the math behind a potential $100 XRP price target is more straightforward than most people realise, and it has already been demonstrated by assets with remarkably similar properties. That is the main argument Zach Rector, an XRP analyst, laid out in a detailed breakdown.
The Comparable Assets
The starting point is simple. Critics who call $100 XRP impossible are asked one question: based on what? NVIDIA has already reached a $5 trillion market cap. Gold has reached $28 trillion. The U.S. dollar M2 money supply sits at $23 trillion. The precedent for assets reaching those valuations exists. The question is whether XRP has the properties to get there.
Rector argues it does. XRP shares the key characteristics of gold, including scarcity, fungibility, divisibility, durability and global accessibility, but adds something gold cannot offer: a functioning payment network.
You cannot build a tokenisation platform on gold. You cannot do decentralised lending and borrowing with gold. You cannot settle trillions of dollars in cross-border transactions daily using gold. XRP can do all of those things, which in Rector’s view gives it a utility ceiling that gold cannot match.
The Price Targets by Comparison
At a conservative 100 billion XRP circulating supply, reaching NVIDIA’s market cap produces a $50 XRP price. Matching the Japanese yen’s $8 trillion equivalent produces $80. Reaching the U.S. dollar M2 supply of $23 trillion produces $231. And matching gold’s current $28 trillion market cap produces $281 per XRP token.
Using the current circulating supply of approximately 62 billion coins rather than the conservative 100 billion figure, those numbers rise significantly, with the gold comparison pushing toward $452 per token.
The Market Cap Multiplier
The most compelling part of Rector’s analysis is not the price targets but the mechanism that makes them achievable without requiring trillions of dollars to flow directly into XRP.
The market cap multiplier measures how much the total market cap changes relative to the actual net inflow of capital. In November 2025, XRP lost $41 billion in market cap from only $808 million in net outflows, a 50x multiplier. During an eight-hour period in April 2025, XRP’s market cap grew by $7.74 billion from just $12.87 million in net inflows, a 601x multiplier.
What this means in practical terms is that XRP does not need $28 trillion in new money to reach gold’s market cap. At a conservative 50x multiplier, it would need approximately $198 billion in net inflows to reach a $10 trillion market cap and a $100 price. At a 100x multiplier, that drops to $99 billion. At 200x, less than $50 billion.
For context, Bitcoin ETFs alone attracted billions in inflows during their launch period. The numbers required are significant but not extraordinary by the standards of how global capital moves.
Story Ends Here
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XRP (CRYPTO: XRP) is up 5% in 24 hours, its strongest bounce since the June 15 short squeeze. The token is now challenging the year-long descending trendline dating back to the July 2025 $3.40 peak.
XRP ETFs Just Logged Their First Back-To-Back Outflows Since MarchU.S. spot XRP ETFs recorded $1.86 million in outflows on July 1, following a $2.83 million outflow on June 30, the first consecutive outflow days since March 9-10.
Despite those two days, the ninth straight week of XRP ETF flows remains net positive at roughly $10 million, extending what had been eight consecutive weeks of inflows. The outflows look like a blip rather than a trend reversal so far.
Derivatives Are Backing The Move With Real Money, Not Just Short CoveringOpen interest jumped 6.85% to $2.44 billion alongside a 29% volume spike, pointing to new longs entering rather than shorts closing.
Options volume exploded 81%, with traders actively buying calls on the bounce. Top traders on Binance sit long at a 2.94 ratio while the overall crowd remains nearly neutral at 1.07, leaving a large retail short base that could get squeezed if price holds above $1.10.
Meanwhile, spot netflow adds the most convincing signal. $9.06 million worth of XRP flowed off exchanges today, meaning holders are withdrawing rather than selling into the bounce, a sign of accumulation rather than distribution.
XRP Is Now Testing The Most Important Level Of The Entire DowntrendPrice has broken above the 20 EMA at $1.1044 for the first time in weeks and now tests the BB mid at $1.1137 at exactly the same level as the year-long descending trendline from July 2025’s $3.40 peak.
That trendline has rejected every meaningful rally attempt for eleven months.
A daily close above $1.1137 and the trendline targets $1.1895 then $1.2349. Rejection at the BB mid fades price back toward the $1 demand zone floor.
Image: Shutterstock
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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.
If you spend any time in XRP circles on X or YouTube, you have seen the name Blockchain Backer. He is one of the most followed chart analysts in the XRP community, known for calm, cycle-based technical analysis in a corner of crypto famous for anything but calm. He is also anonymous, which raises fair questions. This guide covers who Blockchain Backer is, what he is known for, how his analysis works, and how to use it sensibly.
Blockchain Backer is an anonymous cryptocurrency analyst and content creator best known for technical chart analysis of XRP, Bitcoin, and the altcoin market. He publishes daily video analysis on his YouTube channel and shorter chart-based commentary on X under the handle @BCBacker, where he has grown to roughly 348,000 followers since joining in November 2019.
His public identity has never been revealed. What is known from his own profiles: he is based in the United States, describes himself as a “chart educator” and “XRP enthusiast,” and is open about personal details like being ten years sober. He explicitly states that he is not a financial advisor and that his content is educational, a framing he repeats across his channels.
That anonymity matters, and we will come back to it. But first, what made him prominent.
How Blockchain Backer became known Blockchain Backer built his reputation during the 2020 to 2021 bull run, when his chart-focused XRP videos found a large audience. The moment most often cited is an April 2021 call: he published analysis arguing XRP was on the verge of breaking out of a consolidation, backed by Fibonacci extension charts. XRP then rallied strongly within days, and the call spread widely across Reddit, Telegram, and crypto X, cementing his reputation among XRP holders.
Since then he has remained one of the most consistently followed voices in the XRP community, marking milestones like XRP’s return to all-time highs in 2025 and continuing daily coverage through the current cycle.
What his analysis actually looks like Blockchain Backer’s method is technical and cycle-based rather than news-driven. The recurring elements across his content are XRP price structures and historical cycle comparisons, Bitcoin market cycles and dominance trends, Fibonacci retracements and extensions, and identifying accumulation and capitulation phases. His argument style is to compare the current market to prior cycles, on the logic that history may not repeat but often rhymes.
Two things distinguish him from much of crypto content. First, the tone: measured and educational rather than hype-driven, which is part of his appeal in the famously noisy XRP space. Second, the balance: he mixes long-term bullish interest in XRP with explicit warnings about downside structures, rather than publishing only optimistic targets. For followers, that willingness to outline bearish scenarios is a meaningful credibility signal.
His content system spans free and paid tiers: public posts on X carry the headline idea, YouTube videos walk through the full charts, and he sells an educational course covering market cycles, TradingView tools, and exit-plan strategies for assets like Bitcoin, XRP, and Ethereum, along with premium written research on X.
The anonymity question Here is the honest part every reader should weigh. Blockchain Backer has never disclosed his identity, professional background, or credentials. That does not make him a scammer, and his long track record of published, timestamped analysis lets anyone verify how his calls aged. But it does mean you cannot evaluate his expertise the way you could a named analyst with a verifiable career.
The sensible framing, echoed by reviewers of crypto YouTube: treat analysis from anonymous creators with an extra layer of caution, judge the reasoning on its merits, and never outsource decisions to any single voice. Blockchain Backer himself reinforces this, repeatedly labeling his content “not financial advice” and encouraging viewers to do their own research.
How to use his analysis sensibly A few practical points for anyone following him. His analysis is cycle-based and often plays out over weeks or months, so a weekly bottoming structure can coexist with an ugly daily selloff; confusing timeframes is the most common way followers misread him. A post about accumulation is an educational thesis, not a buy signal, and your entries, position sizes, and exits remain your own responsibility. And as with any analyst, his calls are probabilistic: the famous 2021 breakout call worked, others have not, which is the nature of technical analysis.
Used that way, as one measured, chart-literate perspective among several, his content is genuinely educational, particularly for understanding how cycle analysis and Fibonacci tools are applied to XRP and Bitcoin.
Where to find Blockchain Backer His main platforms are X (@BCBacker) for daily chart commentary, his YouTube channel for full video analysis, and his website BCBacker.com for courses and educational material. Be aware that imitation accounts with near-identical handles exist on social platforms, a common problem for popular crypto analysts, so verify the handle before trusting any account claiming to be him, and be deeply skeptical of any account soliciting funds, which the real analyst does not do.
Bottom line Blockchain Backer is an anonymous, US-based crypto analyst who became one of the XRP community’s most followed voices through calm, cycle-based chart analysis, a famous 2021 breakout call, and a consistent educational tone across YouTube and X. His method centers on market cycles, Fibonacci tools, and historical comparisons, delivered with more balance than most of crypto social media.
He is worth following for chart education and a measured XRP perspective, with the standing caveats: he is anonymous, he is not a financial advisor by his own statement, and no single analyst, named or not, should drive your decisions. Watch the analysis, learn the method, and keep your own counsel.
FAQ Who is Blockchain Backer? Blockchain Backer is an anonymous US-based cryptocurrency analyst known for technical chart analysis of XRP, Bitcoin, and altcoins. He publishes daily videos on YouTube and chart commentary on X (@BCBacker), where he has about 348,000 followers, and describes his content as educational.
What is Blockchain Backer known for? He is best known for XRP market-cycle analysis using Fibonacci tools and historical comparisons, and for an April 2021 call that anticipated a major XRP breakout days before it happened. His measured, education-first tone in the volatile XRP space built his following.
Is Blockchain Backer a financial advisor? No. He explicitly states he is not a financial advisor and labels his content “not financial advice.” His material is educational chart analysis, and he encourages viewers to do their own research.
What is Blockchain Backer’s real name? His identity has never been publicly revealed. He is anonymous, which is common among crypto analysts but means his professional background cannot be verified. Followers should weigh his analysis on its published track record and reasoning.
Where can I follow Blockchain Backer? On X at @BCBacker, on his YouTube channel for daily video analysis, and at BCBacker.com for his educational courses. Watch out for imitation accounts with similar handles, and be skeptical of any account asking for funds.
Is Blockchain Backer reliable? He has a long, timestamped public track record, a balanced style that includes bearish warnings, and a widely cited successful 2021 call, but like all technical analysts, his calls are probabilistic and some have not worked. Treat his analysis as one educational perspective, not a signal service.
This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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.
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.
A mass liquidation of short positions has taken place on the cryptocurrency market. XRP’s long lull in the $1.02 to $1.06 range pushed bears to open large leveraged trades, but a sharp upward price impulse completely destroyed their plans.
The surge in activity amid the broader market rally led to the forced closure of margin positions worth more than $634 million across the entire crypto market over the past 24 hours. Against this backdrop, a strong imbalance emerged, as the lion’s share of total market losses — around 73% — fell specifically on short sellers, according to CoinGlass.
Liquidation heatmap over the 24 hours, Source: CoinGlassWithin the XRP ecosystem, the situation was even more one-sided: bears accounted for almost 80.6% of all local losses on the coin. Despite the liquidation wave that has already passed, the main point of maximum pain for large XRP sellers still remains above current values — at $1.30953, where $5.79 million in capital is concentrated.
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The path to $1.30: XRP key levels to watch nowNevertheless, the current price surge to $1.0829 has already reduced the distance to this critical mark to 20.93%, directly matching the breakout momentum and putting short sellers within the critical 20% threshold of their ultimate max pain zone. This rapid shift was enough to trigger the first protective stop orders at intermediate levels.
Technically, the breakout of the key resistance level at $1.0525 pushed XRP asset to its current values, but overbought indicators are already signaling local overheating. This suggests that the upward impulse has temporarily exhausted itself at this point, and buyers need a pause.
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Since the first wave of liquidations has been completed, the market needs short-term consolidation. The most likely scenario for the coming hours is a slight pullback toward the previous resistance level near $1.065 for XRP, with the aim of testing it as reliable support.
If this level holds, the asset will gain a strong foothold for a further medium-term move toward its main target at $1.30953.
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.
Ripple’s dollar-pegged stablecoin, RLUSD, is migrating to the XRP Ledger (XRPL) at a remarkable pace, with on-chain volume surging 40-fold over the last six months alone.
Cover image via www.freepik.com
Ripple's dollar-pegged stablecoin, RLUSD, keeps migrating to the native chain of the XRP cryptocurrency (at a rather remarkable pace).
According to recent on-chain data, the volume of RLUSD circulating on the XRP Ledger has surged 40-fold over the last six months alone.
A significant majority of Ripple's stablecoin used to reside on the Ethereum blockchain, and this fact would be constantly brought up by XRP detractors to showcase the alleged lack of utility of the cryptocurrency's native chain. This trend was rather lasting, given that only 17% of all RLUSD in circulation was sitting on the XRP Ledger as recently as April.
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However, the XRPL's share of the total supply has grown dramatically over the past few months. Now, the figure has skyrocketed to as much as 52%, which gives the XRPL a majority share of the total supply for the first time.
More competition As reported by U.Today, Ripple recently joined an unprecedented coalition of more than 140 financial and technological heavyweights, of the likes of Mastercard and BlackRock, to back "Open USD," which is a new US dollar-pegged stablecoin.
The consortium positions Open USD as a shared, highly efficient utility for global payments.
However, Ripple's participation has raised some eyebrows, given that it has its own heavily regulated stablecoin.
For Ripple, participating in the highly ambitious Open USD initiative ensures the company remains at the center of global liquidity flows, but it remains to be seen how RLUSD will be able to compete with this new upstart.
According to CoinGecko data, Tether (USDT) remains the biggest stablecoin with a market cap of $184 billion.
