Bitcoin (CRYPTO: BTC) could be approaching the final phase of its current bear market, with historical cycle analysis suggesting a bottom within the next few months.
Late October Bear Market LowIn a Cantor Fitzgerald report on June 30, analysts led by Gareth Gacetta highlighted that Bitcoin was 252 days past from its late-2025 peak and had declined about 51% as of June 10.
Across the previous three market cycles, Bitcoin bottomed an average of 384 days after reaching its cycle high.
If the historical pattern repeats, Cantor estimates the current bear market could reach its low around late October.
The analysts cautioned that the framework should not be viewed as a precise market-timing tool. Regulatory developments, macroeconomic conditions and geopolitical events could alter the trajectory, reported CoinDesk
However, they argued crypto markets often become self-reinforcing as investors anchor expectations around historical cycles.
Bitcoin, Ethereum Lead Preferred NetworksCantor identified Hyperliquid (CRYPTO: HYPE) as one of the strongest examples of fee-driven token economics through its buyback-and-burn model.
The bank continues to view Bitcoin as the benchmark monetary asset within digital assets, while Ethereum (CRYPTO: ETH) remains the dominant collateral layer supporting decentralized finance.
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As RLUSD continues to see growing adoption, its supply across the crypto ecosystem has also continued to expand, especially on the XRP Ledger.
Recent data shared by an XRP-focused treasury firm shows that RLUSD has crossed a major milestone on the XRP Ledger as the Ripple-issued stablecoin continues to gain traction.
RLUSD shifts to XRP LedgerNotably, the on-chain data showcased by the firm shows that more than half of RLUSD's total circulating supply is now on the network, suggesting the stablecoin is increasingly being used on the XRP Ledger.
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It revealed that about 52% of all RLUSD in circulation is now on the network, marking a substantial increase from the 17% recorded as recently as April 2025.
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While the surge suggests that RLUSD is increasingly becoming more available on the XRP Ledger, the network has become its major hub for liquidity management and trading.
Meanwhile, the case has been the opposite for Ethereum, as the data further showed that the supply of RLUSD on Ethereum has declined from its February high of around $1.24 billion to about $700 million.
While Ethereum holds the remaining 48% of the total RLUSD in circulation, it appears that XRP Ledger is rapidly outperforming Ethereum as the dominant network for RLUSD issuance.
RLUSD trading volume on XRPL soarsThe firm confirmed that the surge in RLUSD trading activity has largely contributed to XRP's network growth, rather than replacing the altcoin.
It noted that every RLUSD transaction on XRPL ultimately becomes an XRP activity, as they typically generate network fees in XRP.
This is more evident in the RLUSD/XRP trading pair, as this alone has processed about $900 million in volume over the last six months, accounting for nearly 90% of all RLUSD trading activity on the network.
Following this surge in activity, RLUSD has emerged as one of the most actively traded assets on the XRP Ledger.
Recent momentum in the XRP price has prompted a wave of optimistic technical signals, suggesting a possible shift in the market. Market commentator Crypto With Gopal has pointed to the emergence of a classic falling wedge pattern on the four-hour chart, a formation that typically raises the probability of an upward reversal.
Key short-term resistance zoneDespite a recent sequence of lower highs and lower lows, there are early signs that selling pressure within the narrowing price range is beginning to lose steam. Buyers have consistently defended the lower trendline of the wedge, signaling that accumulating interest is providing gradual support at lower levels.
At this stage, the most critical level being monitored is the upper resistance line of the falling wedge. A decisive breakout above this line, backed by robust trading volumes, could confirm the bullish reversal and pave the way for a new upward move. Conversely, if the price loses the lower trendline, it would invalidate the current technical setup.
Crypto With Gopal notes that a breakout of the falling wedge on the XRP four-hour chart, especially with significant volume, could accelerate upward momentum.
Market data also supports the potential for a short-term recovery. According to CoinCodex figures, XRP has once again moved above the closely watched psychological threshold of $1.10. Maintaining this level may help sustain buying interest and reinforce the positive price outlook, provided demand holds up. CoinCodex is a market analytics platform known for its digital asset pricing and forecasting data.
Monthly RSI indicator draws attentionFrom a longer-term perspective, the Relative Strength Index (RSI) indicator highlighted by analyst EGRAG CRYPTO has become a focal point. EGRAG CRYPTO observes that XRP’s monthly RSI has dropped into the deepest oversold territory in its history, falling below the 42, 41, and 40 marks.
Glossary: The RSI is a technical indicator that measures the speed and strength of a price move. While low values often signal weak momentum, a bottoming RSI that starts to recover can increase expectations for a trend reversal.
Although such low RSI readings are typically seen during periods of heavy selling, historical data shows that these levels often precede major price reversals once momentum turns. EGRAG CRYPTO believes the RSI is starting to flatten at these low levels, which could indicate fading bearish pressure.
EGRAG CRYPTO argues that if the monthly RSI gradually recovers to retake the 40, 42, 46.5, and 47.8 bands—and later rises above 50—it would provide strong confirmation of renewed bullish momentum.
Ripple’s long-term plans add supportThe analyst also notes that while XRP’s price could create another lower low, a contrasting higher low on the RSI would produce classic bullish divergence. This long-term signal is often associated with major market bottoms.
Beyond the charts, Ripple’s institutional ambitions continue to bolster the longer-term picture. Ripple President Monica Long reaffirmed the company’s goal to make the XRP Ledger a leading blockchain infrastructure for enterprise payments. She also emphasized the focus on accelerating global adoption of both XRP and RLUSD. Ripple operates as a US-based financial technology firm specializing in cross-border payment solutions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The XRP community has been warned of a fake OUSD stablecoin scam on the XRP Ledger. This comes as on the XRPL, a suspicious wallet claiming to be the new stablecoin Open USD (OUSD) has emerged. It is a cause for concern among validators, who suspect it is a scam.
XRP Ledger Validators Flag OUSD Scam On The Network GrimmReaper, who is a validator operator on the XRP Ledger, posted a screenshot of his transaction-monitoring tool on Bithomp. The snapshot shows a page name that he detected was a new issuer using the “Open Standard” name and this triggered the alert.
Moreover, they have a website linked to their account: joinopenstandard.netlify.app. They also have an XRP Ledger address that has been recently activated.
There are also several red flags on the Bithomp screenshot that typically accompany crypto scams. The ads above the account promote “Earn 12% on XRP” and “Play Slots and win 70,000 XRP” and are typical of those that attract unwary players to bogus schemes.
Sharing the image on X, GrimmReaper wrote, “We might have our answer about OUSD being on the xrpl if this is legit. What do you guys think, Krippenreiter and Vet?” He added that he runs a tool monitoring transactions received by his validator.
He explained, “I have an app that [watches] my transactions coming into my validator and [makes] it very able to watch for any issuer for a token name so this came up today.”
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
However, XRPL dUNL validator Vet responded by urging the community not to trust the issuer.
“[It’s] a scam and always is a scam by default until you get people to confirm from Open USD that this is their issuer,” Vet responded. The XRP Ledger validator also said that he is a valid issuer and they should have verifiable confirmation from both parties, but here they don’t. Vet added, “We always need a 2 way pointer. Issuer address points to Project and Project points to Issuer address. This is not the case here.”
Already, the XRPL v3.2.0 upgrade is registering complaints of several bugs. Hence, such potential scams seem to be exacerbating the situation.
About The OUSD Stablecoin Launch The XRP Ledger validators’ warning comes on the heels of OUSD Stablecoin launch on June 30 by the Open Standard consortium. It boasts backing from over 140 companies, including Ripple, Visa, Mastercard, BNY, Standard Chartered, BlackRock, Google, Shopify, Coinbase and Solana.
The consortium claims that OUSD will allow businesses to mint and redeem the stablecoin without any fees or set volume limits. It also will return money generated from reserves to partners participating in the consortium with a small management fee. Moreover, it will have governance shared by each partner in the consortium.
The announcement has garnered attention in the XRP ecosystem, as Ripple is among the founding participants. This could have made OUSD a potential target for bad actors to take advantage of by using fake issuer accounts on the XRP Ledger.
The cryptocurrency market broadly rises on Thursday, reflecting improvement in risk sentiment following an extended period of selling pressure. Bitcoin (BTC) is back above $60,000 after testing support at $58,000 earlier in the week. Ethereum (ETH) aligns with BTC’s positive short-term outlook, rising above $1,600. Similarly, Ripple (XRP) has steadied its rebound, trading above $1.06 amid strengthening momentum indicators.
Qatar reports positive progress in indirect US-Iran talksIndirect peace talks between the United States (US) and Iran concluded on Wednesday. According to CNN, the Qatari mediators said that the negotiations made “positive progress” with issues related to the Memorandum of Understanding (MoU) and that both sides agreed to continue discussions.
At the same time, low-level technical talks between US and Iran officials are underway indirectly through Qatar and Pakistan mediators. US Vice President J.D. Vance said that discussions on the nuclear issue are expected to start soon, CNN reported.
Meanwhile, Iran has warned of an “immediate powerful response” to attacks by Israeli Forces, calling on the US to restrain its ally. This development comes in the wake of remarks from Israel’s defense minister, who declared that Iranian Supreme Leader Mojtaba Khamenei is now a direct target.
The crypto market has sprung up as risk-off sentiment marginally eases, with Bitcoin, Ethereum and XRP logging in the second straight day of gains. The crypto Fear & Greed Index continues to signal Extreme Fear, but a rise from 11 to 19 suggests an incremental shift in market sentiment. While the uptick is modest, it indicates that investors may be regaining a cautious appetite for risk, improving the outlook for a sustained crypto market rebound.
Crypto Fear & Greed Index | Source: Alternative“What we are witnessing is not the end of Bitcoin's long-term bull cycle but rather a necessary repricing phase that mirrors the evolving global macroeconomic landscape, where cryptocurrencies have become far more sensitive to economic fundamentals than they were just a few years ago,” Simon-Peter Massabni, XS.com Head of Business Development, said in a comment.
Price analysis: Bitcoin tests its recovery potentialBitcoin is edging higher above $60,000 after respecting support around $58,000, which prompted bulls to reengage. Although the overall technical structure is bearish, indicators signal a potential positive turnaround. The Moving Average Convergence Divergence (MACD) histogram has turned positive on the daily chart, hinting at a tentative recovery attempt, while the Relative Strength Index (RSI) near 39 still reflects subdued momentum rather than a decisive bullish shift.
BTC/USDT daily chartOverhead, the latest Parabolic SAR reading at $62,523 reinforces the notion that the rebound is unfolding within a broader downside context. Above this barrier, the 50-day Exponential Moving Average (EMA) near $66,157, caps the short-term trend. Higher up, the 100-day EMA at roughly $69,963 precedes a more significant hurdle at the downtrend resistance trendline around $75,208, with the 200-day EMA near $75,923 forming a dense structural zone that would need to be reclaimed to neutralize the prevailing bearish bias.
Altcoins technical outlook: Ethereum and XRP gain momentumEthereum trades at $1,623 following a brief rebound from the demand range between $1,500 and $1,600. Despite the upswing, ETH maintains a bearish near-term bias as the price holds well below the 50-day, 100-day and 200-day EMAs at $1,808, $1,987 and $2,256 respectively.
Meanwhile, the MACD histogram has turned positive on the daily chart, hinting at an attempt to stabilize losses rather than a decisive bullish reversal. The RSI around 41 on the same chart, reflects subdued demand despite recovering from near oversold conditions.
ETH/USDT daily chartInitial resistance emerges at the 50-day EMA near $1,808, ahead of the break level of the descending trendline at about $1,936, where sellers could reassert control. Further up, the 100-day EMA at roughly $1,987 and the 200-day EMA near $2,256 form a broader supply zone that would need to be reclaimed to negate the current bearish setup and open the way for a more sustained recovery.
As for XRP, the price holds above $1.06, marking a mild increase from the immediate psychological support at $1.03. Despite the uptick in the price, the remittance token sustains a bearish near-term bias as it holds well below the key moving averages.
Momentum is mixed, with the MACD just above zero and slightly positive on the daily chart, hinting at modest stabilisation, while the RSI near 38 still reflects subdued buying interest rather than a decisive recovery.
XRP/USDT daily chartOn the topside, immediate resistance lies at the 50-day EMA ($1.19), followed by the 100-day EMA at $1.30, where any advance would likely face renewed selling pressure. A sustained break above these barriers would be needed to challenge the higher structural cap at the 200-day EMA around $1.52 and to ease the prevailing bearish tone.
(The technical analysis of this story was written with the help of an AI tool.)
Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
Major cryptocurrencies are broadly in the green Thursday with Bitcoin, Ethereum, XRP, and other top coins showing gains as crypto liquidations climb—with short positions making up the majority of the carnage.
Bitcoin topped the $62,000 mark Thursday morning for the first time in more than a week, rebounding to $62,078 after falling to a 21-month low under $58,000 earlier in the week. At a recent price of $61,808, Bitcoin is up about 3% on the day and 4% in the last week.
Other major cryptocurrencies are showing similar gains, with Ethereum and Solana both up nearly 5% on the day, hitting recent prices of $1,701 and $81 respectively. Solana is the biggest gainer among the top 10 cryptocurrencies in the last week, rising more than 22% during that span. XRP is up more than 3% on the day at a recent price of $1.09.
Crypto liquidations have surged to $602 million over the last 24 hours, per data from CoinGlass, with Ethereum flipping Bitcoin to become the biggest contributor with $187 million in liquidations compared to $184 million for BTC. Overall, short liquidations make up $400 million of the pile.
The bullish rebound comes following comments Wednesday from Federal Reserve Chair Kevin Warsh, who declined to say whether the agency planned rate hikes later this year. As of this writing, interest rate traders foresee roughly even odds of the Fed either holding rates steady or raising them at its September meeting, though they project a 64% chance of some kind of rate hike by the FOMC's October meeting, per CME's FedWatch.
On Thursday, the U.S. Bureau of Labor Statistics reported that employers reported adding significantly fewer jobs in June than expected—57,000 vs. a target of 115,000, down from a revised figure of 129,000 jobs added in May.
Stocks are mixed following the news, with the S&P 500 and Nasdaq both down for the day, but the Dow still green, per Yahoo Finance.
Major crypto stocks are showing gains on the day, with Strategy (MSTR) up nearly 7% to $100 per share—after falling to nearly $80 last week—while Coinbase (COIN) is up 3.35% to $165 and USDC stablecoin issuer Circle (CRCL) has gained almost 5% to $65.
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Major cryptocurrencies are broadly in the green Thursday with Bitcoin, Ethereum, XRP, and other top coins showing gains as crypto liquidations climb—with short positions making up the majority of the carnage.
Bitcoin topped the $62,000 mark Thursday morning for the first time in more than a week, rebounding to $62,078 after falling to a 21-month low under $58,000 earlier in the week. At a recent price of $61,808, Bitcoin is up about 3% on the day and 4% in the last week.
Other major cryptocurrencies are showing similar gains, with Ethereum and Solana both up nearly 5% on the day, hitting recent prices of $1,701 and $81 respectively. Solana is the biggest gainer among the top 10 cryptocurrencies in the last week, rising more than 22% during that span. XRP is up more than 3% on the day at a recent price of $1.09.
Crypto liquidations have surged to $602 million over the last 24 hours, per data from CoinGlass, with Ethereum flipping Bitcoin to become the biggest contributor with $187 million in liquidations compared to $184 million for BTC. Overall, short liquidations make up $400 million of the pile.
The bullish rebound comes following comments Wednesday from Federal Reserve Chair Kevin Warsh, who declined to say whether the agency planned rate hikes later this year. As of this writing, interest rate traders foresee roughly even odds of the Fed either holding rates steady or raising them at its September meeting, though they project a 64% chance of some kind of rate hike by the FOMC's October meeting, per CME's FedWatch.
On Thursday, the U.S. Bureau of Labor Statistics reported that employers reported adding significantly fewer jobs in June than expected—57,000 vs. a target of 115,000, down from a revised figure of 129,000 jobs added in May.
Stocks are mixed following the news, with the S&P 500 and Nasdaq both down for the day, but the Dow still green, per Yahoo Finance.
Major crypto stocks are showing gains on the day, with Strategy (MSTR) up nearly 7% to $100 per share—after falling to nearly $80 last week—while Coinbase (COIN) is up 3.35% to $165 and USDC stablecoin issuer Circle (CRCL) has gained almost 5% to $65.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Market corrections often change the way investors evaluate opportunities. Instead of chasing assets after strong rallies, many begin looking for projects that either appear undervalued or are still developing before reaching wider adoption.
That has become especially relevant in 2026, as several established cryptocurrencies continue trading below important resistance levels while AI-powered presales attract fresh attention.
Crypto analyst Michaël van de Poppe recently observed that bearish sentiment across major cryptocurrencies has reached levels commonly associated with long-term accumulation phases before broader market recoveries.
Bitcoin, Ethereum, XRP, and Cardano remain among the industry’s most recognized digital assets. At the same time, MemeToro ($MT) is taking a different route by expanding its ecosystem during the presale stage rather than after exchange listings.
Comparing these projects highlights how different investment strategies can fit into the current market environment.
Bitcoin and Ethereum Continue Defending Key Levels Bitcoin remains the benchmark cryptocurrency despite recent weakness.
The asset has fallen below $59,000, placing greater attention on the important support range between $56,200 and $58,200. Although short-term momentum remains cautious, Bitcoin continues serving as the reference point for institutional participation across the wider digital asset market.
Ethereum has experienced an even more challenging period.
The network entered July trading near $1,570, completing its first-ever streak of three consecutive negative quarters. Even with this difficult price performance, Ethereum continues supporting the largest decentralized application ecosystem in crypto, giving many investors confidence in its long-term relevance.
Rather than abandoning these assets, many long-term holders continue viewing the current market as a period of accumulation.
XRP and Cardano Are Waiting for Stronger Catalysts XRP and Cardano have also struggled to generate sustained momentum.
XRP remains tightly consolidated around $1.05, relying on strong support between $1.00 and $1.06 while investors continue monitoring regulatory developments. Delays surrounding the CLARITY Act have reduced expectations for immediate policy changes, leaving technical price levels as the primary focus.
Cardano continues facing its own technical challenges.
The token remains below both its 50-day and 200-day exponential moving averages, making it difficult for buyers to establish a convincing recovery despite continued ecosystem development.
Both projects retain active communities and established blockchain infrastructure, but neither has fully escaped the broader market slowdown affecting large-cap cryptocurrencies.
MemeToro Offers a Different Entry Point Unlike established cryptocurrencies that already trade on major exchanges, MemeToro ($MT) is still expanding during its public presale.
The platform combines artificial intelligence with several blockchain products instead of relying on one standalone application. Its AI Agent continuously analyzes online discussions, market narratives, social trends, and cultural developments before autonomously supporting fair no-code memecoin launches.
The ecosystem extends far beyond token creation.
Users can participate in decentralized prediction markets covering cryptocurrencies, politics, sports, entertainment, and global events using $MT and BNB. The platform also includes SocialFi participation, behavioral finance tools, and staking rewards of up to 35% APR, encouraging continued activity throughout the ecosystem.
Rather than waiting until after launch to introduce utility, MemeToro is building those products during the presale itself.
Early $MT Token Buyers Still Get the Better Deal Stage 3 of MemeToro’s presale keeps rolling forward, currently sitting at $44,714.54 raised against an $80,644.11 target. The per-token price of $0.00171 won’t hold forever, it’s set to increase as upcoming milestones are reached, rewarding those who act sooner rather than later.
With a hard cap of 1.2 billion $MT, the lion’s share, 71% or 857,936,900 tokens, goes to public participants. The remaining supply is divided between exchange liquidity (10%), marketing and partnership efforts (7.56%), platform operations (5%), ecosystem rewards (4.44%), and core team holdings (2%), all supporting the project beyond launch.
BNB, ETH, USDT, USDC, and bank cards are all accepted through the official presale portal.
Market Conditions Are Changing Investor Behavior Bear markets often encourage investors to look beyond short-term price movements.
Meanwhile, He Yi, co-founder of Binance, has emphasized that projects capable of delivering real infrastructure during difficult conditions are more likely to succeed than those focused primarily on speculative price appreciation.
Those observations help explain why investors continue comparing established cryptocurrencies with earlier-stage AI ecosystems instead of treating them as competing investments.
Many portfolios now include both categories.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Bitcoin experienced sharp declines in May and June, falling as low as $57,000.
While these declines have fueled analyses suggesting Bitcoin has hit bottom, some still believe the market could see levels around $50,000 before the bottom is reached.
Bitcoin’s Bottom May Come in October! At this point, the latest analysis comes from Wall Street giant Cantor Fitzgerald. According to Cantor Fitzgerald analysts, Bitcoin and the cryptocurrency market are entering the final phase of a bear market.
According to US investment bank Cantor Fitzgerald, the cryptocurrency market has entered the final phase of a bear cycle, and Bitcoin could reach its bottom in the next few months.
According to CoinDesk, the bank analyzed in a recent report that as of June 10th, that date was 252 days after BTC’s peak, and the price had fallen by approximately 51%.
Analysts, noting that Bitcoin has historically reached its bottom in an average of 384 days, concluded that it could reach its bottom by the end of October.
Which Altcoins Are Standing Out? Cantor Fitzgerald analysts recently stated that as Bitcoin and the market approach their bottom, investors should focus on projects that create sustainable value rather than speculative investments.
The bank cited Hyperliquid (HYPE) as a prime example of such projects.
The report also recognizes Bitcoin as the fundamental monetary asset of the ecosystem, while Ethereum is identified as the leading collateral infrastructure for on-chain financial systems.
Analysts also added that they believe the buyback and burn mechanism, where protocol fees are used to reduce the token supply, is the type of model that investors should prioritize.
At this point, Cantor Solana acknowledged that altcoins like Sui, XRP, and Zcash each possess unique competitive advantages. However, he stated that these networks need to prove they can translate ecosystem growth into sustainable token value.
*This is not investment advice.
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Ripple has reaffirmed its commitment to multichain payments and institutional blockchain infrastructure by joining Open USD as a day-one integration partner.
Ripple President Monica Long said the future of payments will be built on interoperable blockchain networks rather than isolated ecosystems. She said Ripple’s focus is to strengthen the XRP Ledger (XRPL) as a leading blockchain for institutional payments while expanding the global use of RLUSD and XRP.
“The future of payments will be multichain, interoperable, and built on institutional-grade blockchain infrastructure,” Long said. She added that Ripple wants XRPL to become a natural home for the next generation of regulated stablecoins.
Ripple Doubles Down on Interoperability Responding to the Open USD launch, Ripple said stablecoins are reshaping global value transfers. It added that interoperability is essential for institutional-scale adoption.
The company said that joining Open USD as a launch integration partner supports its strategy to build open, multichain infrastructure. The goal is to connect institutions across the digital asset ecosystem.
Ripple has also continued to position RLUSD as a regulated stablecoin that complements XRP and XRPL rather than competing with them. The company says both assets play key roles in institutional payment solutions.
Open USD Focuses on Open Governance The announcement came from Open Standard, which introduced Open USD as a new stablecoin for global money movement.
The project is based on three core principles:
Free and unlimited minting and redemption. Reserve earnings shared with partners after management fees. Collaborative governance through an independent organization led by participating partners. According to Open Standard, this model addresses common concerns with existing stablecoins. These include high issuance costs, limited access to reserve revenue, and dependence on a single issuer’s roadmap.
Open Standard CEO Zach Abrams said Open USD gives businesses an open, low-cost, high-throughput stablecoin. He said the project supports internet-scale payments while aligning with partners’ long-term interests.
More Than 140 Companies Join Open Standard said more than 140 organizations have joined the initiative ahead of its planned launch later this year.
The participants include companies from traditional finance, payments, technology, and crypto. Among them are Visa, Stripe, Mastercard, BlackRock, BNY, Shopify, Google, Coinbase, Fireblocks, Solana, Ripple, Crypto.com, Gemini, Polygon, Stellar, Aptos Labs, MoneyGram, Western Union, and several global banks.
Executives from participating companies described Open USD as an important step toward shared, regulated payment infrastructure. They said open governance and interoperability could help speed up mainstream stablecoin adoption.
The consortium expects Open USD to launch later this year. It aims to build an open payment network for institutional and cross-border financial activity on a global scale.
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.
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.
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XRP continues to trade just above its crucial $1 support level, maintaining pressure despite a resurgence in network activity and improved investor sentiment. The price has recently settled into a narrow range between $1.00 and $1.05, which some investors are interpreting as an accumulation zone.
Network activity surges amid price pressureOver the last 24 hours, XRP has gained 1.74%, trading around $1.05. During the same period, 24-hour trading volume reached $1.6 billion, while the market capitalization was recorded at $65.42 billion. Despite this uptick, the short-term price trend remains subdued.
Data from the analytics platform Santiment indicates that after hitting a 19-month low of $1.01, XRP stabilized near $1.04. Santiment is well-known for monitoring on-chain data and market behavior.
A total of 4,941 new wallets were created on the XRP Ledger in a single day, marking the network’s strongest growth in over three months.
This increase—4,941 new wallets in just one day—represents the most significant expansion in the XRP Ledger’s user base in more than three months. However, it is still unclear if this spike will directly translate into buying pressure for the cryptocurrency.
Social sentiment data is also showing a more optimistic outlook. For every one bearish reaction, there were 3.7 bullish ones among investors, the highest ratio recorded in the past three months.
IndicatorLevelCurrent price$1.05Intraday low$1.01Support range$1.00 to $1.0524-hour volume$1.6 billionAnalysts focus on $1.51 resistanceCrypto analyst Crypto Spaces observes that XRP is fluctuating just above its downward support line and remains below its 200-day moving average. According to the analyst, this scenario suggests sellers still hold sway over the market for now.
Mini glossary: The 200-day moving average is a technical indicator that represents an asset’s average price over the past 200 days. It’s commonly used to gauge long-term trends; when the price stays below it, a weak outlook may be indicated.
If the current support level holds, a rebound in XRP price could follow, with $1.51 marked as the next major resistance target.
If this foundational support is maintained, XRP could stage a short-term recovery, and $1.51 is expected to be the primary resistance level to watch. Conversely, a break below the downward support line would likely trigger increased selling pressure and reinforce a bearish trend.
Broader market sentiment also plays an influential role in these dynamics. As positive momentum returns to crypto assets alongside the recent rise in Bitcoin, experts emphasize the importance of monitoring both network growth and technical indicators in evaluating XRP’s trajectory.
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.
Michael Saylor reiterated on X that Strategy’s corporate objective remains for STRC to trade between $99 and $100, as the preferred stock attempts to climb back from its all-time low set on June 26.
The comment came as STRC rebounded from that record low of $71.25 to around $87.46 off the back of a new capital framework announcement. Even so, the gap to par remains wide with Bitcoin’s price also languishing.
STRC Still Trades Below Saylor’s TargetSTRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, is not common stock. It is a preferred security designed to trade near a $100 face value. Strategy adjusts its dividend rate monthly to keep the price anchored, unlike common shares.
Bitcoin (BTC) had dropped below $60,000 in the same week STRC recorded its low, deepening a preferred stock crash that had already alarmed investors. STRC has since recovered but the stock is still about $13 short of the par value Saylor says remains the company’s goal.
STRC is mounting a recovery thanks to its new capital framework announcement, but it still has more to climb. Image Source: Trading ViewOn Monday, June 29, Strategy raised STRC’s dividend rate by 50 basis points to 12%. The increase takes effect for July record dates and is part of the capital management overhaul Strategy announced the same day.
Strategy reviews the rate using STRC’s trading level, Bitcoin’s price and volatility, and its own cash reserves. It will not raise the rate automatically just because the stock trades below par.
“As Strategy disclosed Monday: our corporate objective is for $STRC to trade over time at $99–$100.”
Saylor
The tweet repeats language from Monday’s press release without adding new detail. Its timing during STRC’s rebound suggests Strategy wants the market to read the recovery as validation of its plan.
The reiteration follows weeks of criticism from Ripple (XRP) CEO Brad Garlinghouse. He called STRC’s slide a damning indictment of Strategy’s financing model. Rosen Law Firm has also opened a securities investigation into the company’s disclosures.
Whether STRC can climb back to par depends largely on Bitcoin’s trajectory. Bitcoin remains the primary driver of Strategy’s capital structure and dividend coverage.
Progressive state Representative Manny Rutinel has emerged victorious in the Democratic primary for Colorado’s 8th congressional district.
He secured the nomination after a massive financial boost from a crypto-affiliated political action committee.
The campaign was bolstered by $1 million in support from the "You Can Push Back" Super PAC, which is an organization founded by Ripple's Chris Larsen.
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Rutinel comfortably defeated his opponent, the more moderate former state Rep. Shannon Bird, with a 60.9% share of the votes.
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Rutinel, who hails from Commerce City, is now set to face off against the Republican Representative Gabe Evans in November.
Rutinel leaned into his progressive roots and leveraged key demographic advantages. Prominent Latino groups heavily supported Rutinel (the demographic makes up 40% of the population).
One of the most competitive seats Rutinel is going after one of the most competitive congressional seats in the entire country.
Republicans are optimistic about facing Rutinel instead of Bird, given that the progressive candidate will be easier to defeat in a swing district.
GOP strategists have already begun circulating images of Rutinel rallying with extreme far-left democratic socialist figures like New York City Mayor Zohran Mamdani.
Incumbent Gabe Evans has already stockpiled a formidable $3.4 million to defend his seat. However, Democrats’ top House super PAC has already reserved millions of dollars in advertising ahead of November.
Rutinel has already begun softening some of his most left-leaning policy positions, backing away from his previous support for Medicare for All and his opposition to fracking. However, it remains to be seen whether or not this will be enough for the voters who are concerned about the rise of demographic socialism within the party.
XRP is showing signs of accumulation above the $1.00 support, with higher lows forming even as the price remains below key moving averages and major resistance near $1.10.Network and institutional signals are strengthening, with daily new wallet creations hitting a three-month high and June XRP ETF inflows topping $62 million for roughly $1.48 billion in cumulative net flows.Traders are watching the $1.0560–$1.0590 breakout zone and $1.0665 resistance, with a sustained move above $1.10 needed to signal a more convincing recovery rather than another range-bound bounce.XRP is starting to show signs of accumulation near $1, but the chart has not fully caught up. The token edged higher after a sharp intraday volume spike, while new wallet creation reached its strongest level in three months and whale activity diverged from cautious retail positioning. That puts the focus on whether buyers can turn support defense into a move back above $1.10.
News Background• XRP Ledger recorded 4,941 new wallet creations in a single day, the strongest daily growth in more than three months.
• CryptoQuant data showed the All CEX Whale vs Retail Spread at 50.9%, with Binance’s measure at 44.6%, pointing to stronger large-holder activity while retail participation remained cautious.
• XRP spot ETFs added $15.34 million in net inflows on June 29, with Bitwise accounting for $11.94 million of that total.
• June inflows across XRP ETFs surpassed $62 million, taking cumulative net flows to roughly $1.48 billion.
Price Action Summary• XRP rose 1.41% to $1.0613 during the 24-hour session ending July 2 at 04:16 UTC.
• The token underperformed the broader crypto market by 1.27%, showing that the move was still modest despite stronger network and whale activity.
• The main breakout came at 03:27 UTC, when XRP pushed through $1.0560 on volume of 5.34 million, a 1,433% jump from the preceding hourly average.
• Buying continued through the 03:27-03:53 UTC window, with total volume of 11.31 million as price reached a session high near $1.0665.
Technical Analysis• The key development is that XRP continues to build higher lows above the $1.00 support area, with $1.0318 and $1.0410 forming the base of the latest recovery attempt.
• The breakout above $1.0560 improved the short-term structure, but the move still needs follow-through above $1.0665 to avoid turning into another range-bound bounce.
• Volume was strong during the breakout window, but 24-hour activity was only 5.95% above the seven-day average, which keeps the broader move from looking like a full trend shift.
• XRP remains below major moving averages, with the 20-day EMA near $1.11, the 50-day near $1.20, the 100-day near $1.31 and the 200-day near $1.52.
• Momentum has improved from oversold levels, but RSI near 33 and negative Chaikin Money Flow show that buyers still have not fully regained control.
What traders should watch• $1.0560-$1.0590 is the immediate breakout zone bulls need to defend.
• $1.0665 is the first resistance level after capping the latest advance.
• $1.10-$1.11 remains the key test, where the 20-day EMA and Bollinger midline sit.
• A reclaim of $1.10 would shift attention toward $1.20, while failure to hold $1.04 would put the $1.00 support area back in focus.
• Until XRP clears $1.10, the market remains a support-base trade with improving network data and whale activity, not a confirmed recovery.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Key Takeaways XRP processes transactions in 3–5 seconds with minimal fees, providing genuine utility for international money transfers Approximately 33–34 billion XRP tokens remain in escrow accounts, representing continued supply uncertainty Ripple’s legal battle with the SEC concluded in 2025 with a $125 million settlement; programmatic XRP sales were deemed non-securities RLUSD, Ripple’s proprietary stablecoin, offers an alternative settlement method that potentially reduces XRP demand With a market capitalization around $65.9 billion, XRP represents a viable long-term position but faces valuation challenges XRP has accumulated sufficient operational history to be evaluated on substance rather than speculation. The network delivers transaction finality within 3 to 5 seconds, maintains minimal transaction costs, and serves as the backbone for Ripple’s international payment solutions. These represent verifiable characteristics.
XRP Price On June 16, 2026, the XRP Ledger (XRPL) processed 769,646 transactions within 24 hours. During peak periods earlier that year, successful payment operations exceeded 2.7 million. These metrics demonstrate meaningful network utilization beyond speculative trading.
Beyond simple value transfer, the XRPL has incorporated additional functionality. The ledger now features native automated market maker (AMM) capabilities and oracle connections, establishing foundational decentralized finance infrastructure.
Supply Dynamics Remain a Concern A critical consideration for multi-year positions involves token supply mechanics. According to CoinGecko data, approximately 62 billion XRP circulates actively, while the total supply approaches 100 billion tokens. Between 33 and 34 billion XRP remains locked in escrow arrangements.
Ripple maintains a scheduled release mechanism of up to 1 billion XRP monthly from these escrow accounts. Any unreleased tokens return to escrow for future distribution, creating more transparency than typical vesting schedules. Nevertheless, this substantial reserve constrains any narrative around token scarcity.
The Value Capture Question Here’s where long-term investment analysis becomes nuanced. Ripple’s payment infrastructure enables clients to settle transactions using either XRP or RLUSD, the company’s proprietary stablecoin. When Ripple expands its client base but facilitates settlements through RLUSD, XRP token demand doesn’t necessarily increase proportionally.
By August 2025, RLUSD had already achieved a market capitalization exceeding $611 million, with continued expansion since then. This growth trajectory indicates RLUSD is establishing itself as a legitimate settlement alternative within Ripple’s platform architecture.
For investors considering XRP over extended timeframes, this represents the fundamental tension: what percentage of Ripple’s commercial success translates into XRP token demand?
Regulatory Clarity Achieved The regulatory environment improved substantially during 2025. According to Reuters reporting, Ripple’s dispute with the SEC concluded with the company agreeing to a $125 million penalty. The judicial decision clarified that XRP transactions conducted on public cryptocurrency exchanges did not constitute securities offerings, although specific institutional sales by Ripple did breach securities regulations.
This resolution provides XRP with greater regulatory definition than the majority of alternative cryptocurrencies currently possess within United States jurisdiction.
Governance of the XRPL has also undergone decentralization. Ripple currently operates just 1 validator among the 35 validators on the default trusted node list, with governance responsibilities increasingly managed by the XRPL Foundation.
Trading at approximately $66 billion in market capitalization, XRP ranks among the largest cryptocurrency assets. This valuation suggests that much of the appreciation potential from its established advantages may already be reflected in current pricing.
While XRP showed signs of accumulation around the $1.00 level, on-chain data and recent large investor activity have painted a notable short-term picture. However, the fact that its price remains below $1.10 indicates that the bullish outlook has yet to fully strengthen.
On-chain data and fund flows stand outA total of 4,941 new wallets were created on the XRP Ledger in a single day, marking the strongest daily increase in the past three months. The XRP Ledger is the open-source blockchain network used to record all XRP transactions.
According to data from CryptoQuant, the All CEX Whale vs Retail Spread ratio reached 50.9%, while the measurement on Binance stood at 44.6%. These figures point to increasing activity among large investors, while retail traders remain more cautious.
On June 29, XRP spot ETFs recorded $15.34 million in net inflows, with Bitwise alone accounting for $11.94 million of the total. Throughout June, total investments in XRP ETFs surpassed $62 million, while cumulative net flows neared $1.48 billion.
While on-chain data and large investor activity are gaining strength for XRP, a more convincing recovery would require the price to hold above $1.10.
Attempt at a short-term breakoutAs of 04:16 UTC on July 2, XRP climbed 1.41% in the last 24 hours to reach $1.0613. Despite the increase, its performance continued to lag behind the broader cryptocurrency market and price action remained relatively limited.
The true momentum arrived at 03:27 UTC, when XRP surpassed $1.0560 on trading volume of 5.34 million, marking a 1,433% increase over the previous hourly average. Buying persisted between 03:27 and 03:53 UTC, with total volume reaching 11.31 million. During this period, the price tested an intraday high of $1.0665.
Key levels under close watchTechnically, a series of higher lows were noted above the $1.00 support. In the latest recovery, the $1.0318 and $1.0410 areas emerged as crucial bases. While the breakout above $1.0560 improved the short-term outlook, a sustained move above $1.0665 is still required.
The 24-hour total trading volume remained just 5.95% above the seven-day average, which suggests the move is not strong enough to signal a definitive trend change. Furthermore, XRP continues to trade below its key exponential moving averages: the 20-day ($1.11), 50-day ($1.20), 100-day ($1.31), and 200-day ($1.52) marks.
Although momentum indicators show some recovery from recent lows, the RSI remains near 33 and Chaikin Money Flow data is still negative, indicating buyers have yet to fully take control.
In the short run, the $1.0560–$1.0590 range is seen as the first crucial breakout zone to maintain. Resistance is at $1.0665, while the $1.10–$1.11 band represents the main threshold. If the price climbs above $1.10, attention may shift back to $1.20. Conversely, slipping below $1.04 would bring the $1.00 support 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.
Democratic State Representative Manny Rutinel has clinched victory in Colorado’s 8th Congressional District primary. The progressive candidate pulled in an impressive 60.9% of the vote, overtaking former state representative Shannon Bird, who was known for her more moderate stance.
Crypto-backed campaign shakeupRutinel’s campaign received a major boost from the world of cryptocurrency, with notable financial support pouring in from a political action group tied to the industry. The Super PAC “You Can Push Back,” founded by Ripple co-founder Chris Larsen, contributed $1 million to Rutinel’s war chest. Chris Larsen, a key name in the Ripple ecosystem, has a long history of making headlines with his donations at the intersection of tech and politics.
Quick Reference: In US politics, a Super PAC is a political action committee that can spend unlimited amounts independently to support or oppose candidates but cannot directly coordinate with them. They focus mainly on advertising and campaign communication rather than direct donations.
Chris Larsen, Ripple’s co-founder, steered the Super PAC “You Can Push Back” to provide $1 million in support for Manny Rutinel’s campaign.
The substantial financial backing underscores just how closely watched this district has become on the national stage. Colorado’s 8th Congressional District is considered one of the country’s most hotly contested battlegrounds this election cycle.
A fierce November showdown awaitsWith the primary over, Rutinel now advances to face Republican Congressman Gabe Evans this November. Given the district’s evenly divided political landscape, analysts expect a fiercely competitive general election.
Rutinel, whose progressive credentials took center stage in the campaign, benefitted from demographic strengths—especially robust support from Latino voters, who make up about 40% of the district’s population.
GOP angles for advantageOn the Republican side, strategists see Rutinel as a more favorable opponent than Bird. The calculation: a progressive candidate may struggle more than a moderate in winning over swing voters in this pivotal district.
Rutinel secured 60.9% of the vote in the primary, handily defeating Shannon Bird to become the Democratic nominee.
Republican operatives have already started circulating images of Rutinel alongside left-wing figures, building a strategy aimed at persuading centrist voters that he is too progressive for the district.
Policy pivots and election strategyMeanwhile, in the run-up to November, Rutinel appears to be softening some policy positions. Having previously called for universal healthcare and voiced opposition to fracking, he is now adopting a more moderate tone on these issues.
Whether these shifts will sway voters remains uncertain, especially among party members anxious about ideological direction. The effectiveness of this recalibration will be closely watched as November approaches, with internal Democratic debates adding new layers to a high-stakes race.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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.
For the past seven days, XRP has been stuck in an exceptionally weak consolidation phase, hovering around $1.05 without exhibiting any discernible recovery momentum. Although XRP has previously gone through protracted corrections, the current circumstance is notable because buyers have made several attempts to stop the decline, but the asset does not seem to be able to build a solid support base.
Industry-wide issuesThe market is still very much under bearish control, according to the daily chart. XRP accelerated lower and has since entered a narrow trading range after breaking out of a descending triangle formation that formed between March and May. All of the major moving averages, including the 50-day, 100-day, and 200-day trends, are currently below the asset and are still sloping downward. The wider market environment surrounding XRP, rather than its inherent weakness, is what makes this situation noteworthy.
XRP/USDT Chart by TradingViewThe majority of the major altcoins, including Ethereum and Bitcoin, are dealing with similar structural issues. The cryptocurrency market has seen a sharp decline in risk appetite, and investors have mostly switched from aggressive accumulation to defensive positioning. Given this, XRP's failure to gain traction should not be seen as a project-specific setback.
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The asset is following a trend in the industry that has impacted almost all significant digital assets. There has been a slowdown in capital inflows, a decline in speculative activity, and a lack of interest from traders in chasing rebounds.
XRP's rebound capabilitiesTechnically speaking, XRP still has a chance to rebound. The Relative Strength Index is still in the vicinity of oversold territory, indicating that selling pressure might be coming to an end. In the past, these circumstances frequently preceded relief rallies in the cryptocurrency market. The recovery of XRP, however, is strongly correlated with the overall market's performance. Renewed capital rotation into large-cap alternative assets could be advantageous for XRP if Bitcoin and Ethereum start to stabilize and regain important resistance levels.
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The 50-day moving average around $1.12 would be the first crucial target in that case, followed by the stronger resistance zone between $1.21 and $1.30. The problem is that no significant cryptocurrency has confirmed a reversal as of yet. Volume still favors sellers over buyers, and sentiment in the market as a whole is still precarious.
For the time being, the seven-day impasse surrounding XRP is indicative of a more significant issue affecting the entire digital asset sector. Although the coin is having difficulty gaining traction, it is by no means alone. A long-term recovery is still feasible, but before XRP can pick up steam again, the cryptocurrency market as a whole will probably need to strengthen.
XRP, once a fixture in market debates, is now increasingly evaluated based on its on-chain activity and real-world use cases. The XRP Ledger boasts transaction finality in just 3 to 5 seconds while keeping fees low, an advantage that drives its adoption in Ripple’s cross-border payment solutions and bolsters XRP’s role as a functional digital asset.
Key data on network activityOn June 16, 2026, the XRP Ledger processed 769,646 transactions within a 24-hour span. During peak periods, successful payment transactions can exceed 2.7 million in a single day. These figures show that XRP network activity extends well beyond trading alone, with payment and transfer operations occupying a significant share of the network’s capacity.
The XRP Ledger is not limited to value transfer. It also supports native automated market maker functionality and oracle integrations, effectively incorporating core decentralized finance infrastructure directly into the network.
Mini glossary: Oracles bring off-chain data to on-chain applications, while automated market makers (AMMs) enable trading via liquidity pools rather than traditional order books.
Supply structure under scrutinyAccording to CoinGecko, approximately 62 billion XRP are currently in circulation, out of a near-100 billion total supply. Meanwhile, some 33–34 billion XRP remain locked in escrow accounts.
Ripple operates a schedule allowing up to 1 billion XRP to be released each month from escrow. Unused tokens are returned to these accounts. While this mechanism provides a level of transparency, the substantial reserves held in escrow continue to temper narratives about XRP’s scarcity.
The core question for long-term outlooks centers on how much Ripple’s commercial growth actually translates into direct demand for XRP.
RLUSD’s rise and shifts in demandRipple now lets customers complete payment transactions either using XRP or its own stablecoin, RLUSD. This creates uncertainty over whether an expanding client base will lead directly to equal growth in XRP demand.
As of August 2025, RLUSD’s market capitalization surpassed $611 million, and it continued to grow in subsequent periods. This trend illustrates RLUSD’s emerging visibility as an alternative settlement asset within the Ripple ecosystem.
Ripple remains recognized as a financial technology firm specializing in blockchain-based payment solutions, with XRP as the open-market native asset underpinning these platforms.
Regulatory clarity and the evolving networkIn 2025, Ripple’s legal dispute with the US Securities and Exchange Commission ended in a $125 million settlement. The court ruled that programmatic XRP sales on public crypto exchanges did not constitute securities offerings. However, certain institutional sales by Ripple were deemed to have breached securities regulations.
This decision has given XRP a clearer regulatory status in the US than many other altcoins. In terms of governance, the network also exhibits a more decentralized structure: Ripple operates just one of the 35 validators on its default trusted list, while the XRPL Foundation now plays a more prominent role in network administration.
With a current market capitalization of around $65.9 billion, XRP ranks among the largest crypto assets. This scale suggests that many of the network’s current strengths may already be factored into its price.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via U.Today 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.
It's getting harder for bulls to defend XRP's chart. The asset continues to print lower highs and lower lows following months of continuous selling pressure, maintaining the overall downtrend. Is a significant reversal even feasible at this point? The most recent move below the crucial support zone around $1.30 has only strengthened pessimism.
XRP just finished breaking down from a descending triangle formation that had been forming since March, according to the daily chart. These patterns usually indicate that the market will continue to decline, and it has done so nearly flawlessly. XRP lost another significant support cluster after the breakdown, and it is currently trading close to $1.05, one of its lowest points of the year. The moving averages show a similar pessimistic outlook.
XRP/USDT Chart by TradingViewXRP is still below the downward-sloping 50-, 100-, and 200-day moving averages. This alignment indicates that sellers maintain control over both near-term and long-term periods. The 200-day moving average, which is currently close to $1.51, is particularly significant because it indicates the level that XRP must recover before any meaningful conversation about a trend reversal can start.
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Not much encouragement has come from volume either. Buying activity has been comparatively muted, despite sporadic spikes during selloffs. This implies that market participants are still reluctant to make aggressive purchases, despite the significant drop from earlier highs.
The Relative Strength Index is the only positive indicator for bulls. The RSI is getting close to oversold territory at 35. Such readings have historically preceded short-term relief rallies, especially if sentiment in the cryptocurrency market as a whole improves. However, oversold conditions alone rarely reverse a significant trend.
Bitcoin makes a moveThe recent price movement of Bitcoin indicates that the market is still having difficulty finding a stable bottom. Following its inability to sustain momentum above important moving averages in May, Bitcoin started a new downward trend that has moved it closer to the lower end of its current trading range. A move toward $52,000 cannot be ruled out based on the technical structure seen on the daily chart.
BTC/USDT Chart by TradingViewFor bulls, the total loss of trend support is the most alarming development. The 50-day, 100-day, and 200-day moving averages of Bitcoin are currently below $63,000, $68,000, and $76,000, respectively. This alignment supports a very pessimistic market structure. Over the past few months, every attempt at recovery has failed to reach the longer-term trend indicators.
Upon closer examination, it can be seen that BTC recently broke down from a rising channel that had formed between April and May. What at first appeared to be a recovery phase turned out to be a typical bear-market rally. Sellers swiftly regained control and accelerated the decline after the channel's support failed.
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The bearish narrative is further supported by volume behavior. The biggest spikes in recent weeks have coincided with selloffs rather than recoveries, suggesting that sellers are more confident than buyers. After Bitcoin briefly touched the low $60,000 region, there was some dip-buying activity, but demand was insufficient to buck the trend. The next significant support zone is located between $57,000 and $58,000.
At the moment, Bitcoin is testing that level. If it breaks decisively, the market may start aiming for the $52,000 area, which is the next significant historical support level and a place where buyers have previously intervened forcefully. One factor prevents a scenario of complete collapse.
With a reading of about 35, the Relative Strength Index is still close to oversold territory. Such conditions frequently result in temporary relief rallies. However, oversold readings during established downtrends usually lead to brief bounces rather than long-lasting reversals.
Ethereum stays relevantEthereum is far from being forgotten by the market, even after months of disappointing price movement and increasing competition from other networks. Although ETH has substantially underperformed relative to its historical benchmarks, the chart indicates that investors are still closely monitoring the asset, even as it remains caught in a broader bearish trend.
ETH/USDT Chart by TradingViewAfter yet another unsuccessful attempt at recovery, Ethereum is currently trading close to $1,600. According to the daily chart, the asset recently broke down from a descending wedge-like formation that developed between April and May. The pattern resolved to the downside rather than initiating a sustained breakout, pushing ETH back toward local lows and bolstering sellers' dominance.
The technical picture remains challenging. Ethereum is currently trading below the 50-day, 100-day, and 200-day major moving averages. While the 100-day and 200-day averages at $1,850 and $2,280, respectively, continue to be significantly above current price levels, the 50-day moving average at $1,690 has served as immediate resistance. The overall trend remains negative until ETH begins reclaiming these levels.
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However, market behavior refutes the notion that Ethereum has completely lost relevance. Every significant drop attracts buyers who are prepared to step in near support areas, and volume remains relatively steady. The market isn't actively accumulating ETH, but it isn't abandoning it either. The Relative Strength Index is another factor that supports that view.
The RSI is close to 38, which indicates weakness but not total capitulation. Major bottoms in the past frequently occurred when traders became far more pessimistic than current conditions suggest. Put another way, despite the prolonged correction, there is still active participation in the asset.
Reclaiming the $1,690 area is Ethereum's primary goal from a technical standpoint. The 100-day moving average around $1,850 would come back into focus if that level were breached. If buyers are able to overcome both obstacles, sentiment may improve significantly. Ethereum remains under pressure, but it is still a major player in the market.
Over the past several months, selling pressure on XRP has intensified, with the chart showing a series of lower highs and lower lows. After failing to hold the crucial $1.30 support level, XRP slid to around $1.05, approaching some of the lowest levels seen this year. Technical signals indicate that sellers remain firmly in control in both the short and long term.
XRP’s downward trend remains unbrokenOn the daily chart, the breakdown of a descending triangle pattern that has formed since March has further weighed on XRP. Typically, such patterns signal a continuation of the prevailing downtrend, and the breakout resulted in yet another support cluster being lost. The fact that the price remains below the 50, 100, and 200 day moving averages only strengthens the bearish outlook for XRP.
In particular, the 200 day moving average stands at about $1.51. For any meaningful technical recovery, XRP would first need to reclaim levels above this point. Trading volume analysis shows buyer activity remains weak; selling waves have brought volume spikes, but rebound attempts have been very limited.
Losing the $1.30 support in XRP and falling back to the $1.05 range highlight that the overall downward trend is still intact.
One of the few promising technical signals for XRP has come from the Relative Strength Index (RSI). With the RSI approaching 35, XRP is nearing oversold conditions. While these levels can sometimes trigger short lived price bounces, a single indicator is not considered sufficient for calling a lasting trend reversal.
Glossary: RSI is a technical indicator that measures the speed and strength of price movements. Values approaching 30 generally indicate oversold conditions, while values nearing 70 suggest overbought territory.
Bitcoin tests a vital support zoneBitcoin also failed to hold above key moving averages in May, resulting in a fresh wave of declines. Daily charts reveal that the rising channel seen from April to May has broken downward. Though this downturn initially resembled a temporary correction, sellers quickly regained control, leaving the rebound short lived.
Currently, Bitcoin’s 50, 100, and 200 day moving averages remain below $63,000, $68,000, and $76,000 respectively—a structure that underlines persistent market weakness. Notably, stronger volume spikes have occurred on selling days compared to rallies, suggesting sellers are now acting with greater conviction.
AssetCurrent Price RangeKey ResistanceKey SupportXRP$1.05$1.51Below $1.30Bitcoin$57,000 to $58,000$63,000 and higher averages$52,000Ethereum$1,600$1,690 and $1,850local bottom regionRight now, the $57,000 to $58,000 range is drawing attention in the market. Should Bitcoin break clearly below this zone, the next historically significant support could come into play at $52,000. While the RSI near 35 keeps the door open for a potential short term bounce, these types of signals tend to have limited impact in an established downtrend.
If Bitcoin fails to hold the $57,000 to $58,000 region, technical analysis signals a renewed pullback toward $52,000 could be on the horizon.
Ethereum remains under pressure but investor interest persistsDespite its recent weak price performance, Ethereum continues to attract close scrutiny from the market. After a failed rebound attempt, ETH has settled near $1,600, breaking below a descending wedge pattern formed between April and May. This move has reinforced bearish momentum and pushed ETH back toward its local lows.
ETH trading below its 50, 100, and 200 day moving averages leaves its technical prospects clouded. The 50 day moving average at around $1,690 now marks the first key resistance, with longer term averages at $1,850 and $2,280 providing additional upside hurdles. That said, buyers have shown some engagement near support zones during sharp declines, and volume has not completely dried up.
The RSI for Ethereum is hovering near 38, indicating ongoing weakness but not yet signaling total market capitulation. Technically, recapturing the $1,690 level stands as the initial target for ETH; surpassing this could bring $1,850 back into focus as the next milestone.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin (BTC), Ethereum (ETH), XRP, and other major crypto surged over the past 24 hours. This comes as investors responded to Wall Street’s forecasts on slowing nonfarm payrolls, indicating a cooling labor market and Fed rate cut odds.
Bitcoin climbed more than 4% to hit a 24-hour high of $61,223 after weaker-than-expected ADP private payroll data and lower oil prices eased inflation concerns. The moves came amid broader market optimism, the US-Iran peace talks, and a sharp fall in ISM Manufacturing PMI prices.
Wall Street Giants Estimate Slowing US Nonfarm Payrolls The U.S. Bureau of Labor Statistics (BLS) will release June’s US nonfarm payrolls and unemployment rate on July 2. This jobs data release could significantly impact Bitcoin price and the crypto market direction.
Wall Street economists estimated that Nonfarm payrolls would come in at 110K in May, reinforcing signs of slowing labor market conditions. Notably, US jobs data has dropped from 172K last month, which could boost hopes of a Fed rate cut this year.
Citigroup estimated nonfarm payrolls at more than 25K while Goldman Sachs and Standard Chartered projected 130K. Meanwhile, JPMorgan estimated jobs data to come in at 125K, while BofA, HSBC and Capital Economics’ forecasts are in line with economists.
Wall Street’s Nonfarm Payrolls Estimate. Source: LiveSquawk Meanwhile, the unemployment rate is projected to hold steady at 4.3%. Average hourly earnings are also expected to rise 0.3% for the month, causing the annual rate to slip from 3.6% to 3.4%.
Bitcoin, ETH, and XRP Rise amid Fed Rate Cut Hopes Bitcoin, ETH, and XRP rebounded after Fed Chair Kevin Warsh’s comments. He said inflation expectations had eased over the past month, signaling there was no urgency to hike rates.
Meanwhile, CME FedWatch Tool data showed nearly 50% probability of a Fed rate hike in September. Signs of progress in indirect US-Iran talks pushed oil prices lower and eased inflation concerns, causing Bitcoin to climb above $61K.
The US dollar index (DXY) fell to 101.12 on Thursday, with investors closely watching the US nonfarm payrolls report. Also, the 10-year Treasury yield climbed to 4.49%, maintaining recent gains.
Bitcoin price has pared some gains over the past few hours, with the price currently trading at $60,095. The 24-hour low and high are $58,263 and $61,223, respectively. Top altcoins ETH and XRP are trading at $1,615 and $1.05, respectively.
Leading cryptocurrencies ticked higher on Wednesday, while stocks retreated, as Federal Reserve Chair Kevin Warsh called inflation “too high.”
Crypto Market LiftsBitcoin broke past $61,000 in the evening, only to get rejected and drop back to $59,000. With trading volume spiking 11% over the past day, the struggle between bulls and bears continued.
Ethereum progressed to the mid-$1,600s before a pullback, while XRP and Dogecoin were also among the gainers.
Over $450 million was liquidated from the cryptocurrency market in the last 24 hours, with $279 million in short positions wiped out, according to Coinglass data.
Bitcoin’s open interest spiked 1.80% over the last 24 hours. BTC’s taker buy volume exceeded the sell volume over the last 24 hours, indicating a bullish sentiment in the market.
Retail and whale derivatives traders on Binance also remained bullish on the apex cryptocurrency.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.07 trillion, following an increase of 2.78% over the last 24 hours.
Stock Market Cools DownStocks eased on Wednesday after a recent surge in gains. The Dow Jones Industrial Average lost 13.96 points, or 0.03%, to close at 52,305.24. The S&P 500 fell 0.22% to end at 7,483.23, while the tech-heavy Nasdaq Composite slid 0.66% to close at 26,040.03.
Fed Chair Warsh said at an international conference that "prices are too high," but declined to comment on the central bank’s likely move in the July meeting.
The CME Group’s FedWatch tool showed markets pricing a 71% likelihood of the Fed keeping the rates unchanged in July, but nearly a 50% chance of a rate hike in September.
Seller Fatigue Setting In?Ali Martinez, a widely followed cryptocurrency analyst and trader, declared that the cryptocurrency market has reached its bottom, citing “buy” signals on the TD Sequential indicator for Bitcoin, Ethereum, XRP, and Solana.
The monthly chart suggests a coordinated macro reversal setup,” the analyst added. “Historically, when multiple assets lock in concurrent monthly buy signals, it indicates seller fatigue and a high probability of a long-term market bottom.”
Rekt Capital, another popular chartist, noted that Bitcoin’s monthly close below the 50-month exponential moving average, currently around $63,000, aligns with patterns observed in prior cycles,
“Generally, prices tends to lose the 50-Month EMA and then turn it into new resistance before additional downside over time,” the analyst said.
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Ripple (XRP) and Stellar (XLM) extend recovery on Thursday as improving market sentiment supports a rebound. XRP trades above $1.05 while XLM climbs past $0.199. Traders should remain cautious, as mixed on-chain and derivatives data indicate a modest bullish bias, and further upside may depend on sustained buying momentum.
Improving derivatives metricsDerivatives data shows a mixed outlook with a slightly bullish tilt. CoinGlass’ long-to-short ratio for XRP reads 1.12 on Thursday, the highest level in over a month, indicating a positive bias. During the same period, XLM's long-to-short ratio stands at 0.97, remaining marginally below the neutral zone but edging closer to bullish territory, suggesting bearish sentiment is gradually easing.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassHowever, XRP and XLM funding rates remain slightly negative at -0.002% and -0.0015%, respectively, on Thursday, indicating bearish sentiment still lingers despite improving price action.
XRP funding rates chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassMixed on-chain outlookCryptoQuant’s summary data shows mixed sentiment. XRP’s spot and futures markets show large whales' orders with neutral conditions in other metrics, supporting a potential recovery. However, XLM shows overheating and selling-side dominance in both markets, with mixed retail activity, hinting at cautious sentiment among traders and capping any potential recovery.
XRP summary data. Source: CryptoQuant
XLM summary data. Source: CryptoQuantXRP technical outlook: Key $1 support holds strongXRP price trades at $1.059 on Thursday, extending recovery after holding above the key psychological level of $1.00. Despite this recovery, XRP maintains a bearish long-term bias, as it remains well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $1.188, $1.297, and $1.516, respectively. Price also sits beneath the upper boundary of the downward parallel channel near $1.141, keeping the pair confined within a broader corrective structure.
The Relative Strength Index (RSI) at 36 remains weak but off oversold territory. At the same time, the Moving Average Convergence Divergence (MACD) has turned marginally positive, hinting at fading downside momentum rather than a decisive bullish turnaround.
On the topside, initial resistance is located at the channel boundary around $1.141, followed by the 50-day EMA at $1.188, where sellers could re-emerge on any bounce. Above, the 100-day EMA at $1.297 aligns with the horizontal barrier at $1.3000, forming a dense cap.
With no clear support levels apart from the key psychological level at $1.00, XRP remains vulnerable to further downside below this level until new demand zones emerge on the chart or momentum improves more convincingly.
XLM technical outlook: Price action shows bullish biasStellar price trades at $0.199, holding a constructive near-term bias as price sits above the 50-, 100-day and 200-day EMAs, clustered between roughly $0.186 and $0.199. This EMA stack now underpins the rebound from the late-May lows. At the same time, the RSI at about 53 is modestly positive and the MACD, still marginally below zero but contracting, hints that bearish momentum is fading.
On the topside, initial resistance is located at the 61.8% Fibonacci retracement of the latest swing near $0.200, with further hurdles at the 50% retracement around $0.218, followed by $0.237 and $0.260, corresponding to the 38.2% and 23.6% Fibonacci retracement levels respectively.
On the downside, immediate support is provided by the 200-day EMA near $0.198, ahead of the 50-day and 100-day EMAs at $0.189 and $0.185; a deeper pullback would expose horizontal support at $0.177, reinforced by the 78.6% Fibonacci level at $0.173, while $0.142 marks a more distant structural floor.
(The technical analysis of this story was written with the help of an AI tool.)
While Ripple’s US dollar-pegged stablecoin RLUSD continues its rapid growth, some members of the XRP investor community have raised concerns that the rise of RLUSD could be eroding the role of XRP on the XRP Ledger. However, XRP-focused treasury services firm Evernorth says that on-chain data shows the opposite is true.
Transaction data points to ecosystem expansionEvernorth has analyzed all RLUSD transactions on the XRP Ledger and found no evidence that RLUSD is displacing XRP’s utility. Instead, the company reports that RLUSD has improved network liquidity, spurred trading activity, and boosted overall use of the ledger.
According to the data, RLUSD’s share of transaction volume on the XRP Ledger has climbed from less than 1% to nearly 12% in under 18 months. With this increase, the network now hosts a native US dollar market that was previously missing from its infrastructure.
Evernorth emphasizes that RLUSD is not diminishing the importance of XRP; rather, it is deepening network liquidity and broadening the utility of the XRP Ledger.
One notable metric is the RLUSD/XRP trading pair: in just six months, this pair has generated approximately $900 million in transaction volume. This trend demonstrates that users can seamlessly move between dollar-based assets and XRP entirely within the network, without needing to leave the ecosystem.
How RLUSD’s function on the network is evaluatedEvernorth draws a parallel between RLUSD’s function on the XRP Ledger and the role of the US dollar in global currency markets. Much like the dollar acts as a fundamental asset in financial transactions worldwide, RLUSD is quickly becoming the primary dollar benchmark on the XRP Ledger. However, XRP remains the network’s essential medium for settlement and payments.
All RLUSD transactions ultimately settle on the XRP Ledger, with network fees paid in XRP; as the use of RLUSD rises, so does demand for XRP in transactions.
This structure suggests that as RLUSD adoption grows, it could ultimately support greater XRP utility as well. Because transaction fees are paid in XRP and these fees are permanently burned, the expansion of network activity could gradually place downward pressure on the circulating supply of XRP.
Data now shows that the XRP Ledger has become the principal network for RLUSD. More than 50% of RLUSD’s total supply is currently held on the XRP Ledger—up from only 17% back in April.
Evernorth concludes that this evolution is a sign not of RLUSD undermining XRP, but of the XRP Ledger’s expansion into a more liquid and active platform. In this dynamic environment, XRP’s core role as the native asset for payments and settlement remains intact.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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Following the standard monthly unlock of one billion tokens, Ripple locked away 70% of the available supply, releasing exactly 300 million XRP into market circulation as per Whale Alert. If this holds by the end of the day, the volume will confirm the 2026 norm — the precise amount of net liquidity Ripple steadily releases each market cycle after completing mandatory re-escrow procedures.
The core reason why exactly 300 million XRP was released lies in the pragmatic financial discipline of Ripple's market approach, dictated by current crypto market capacity.
Inside Ripple's 'North Star' approach to XRP managementIn July 2026, XRP's average daily trading volume on licensed platforms stabilized around $1.61 billion. Under such strict order book density, an uncontrolled release of larger batches would inevitably lead to monetary imbalance and serious price pressure.
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The company cannot direct volumes of its "North Star", as Ripple CEO Garlinghouse once called XRP, above this limit into trading orders without negative consequences for price stability.
In dollar terms, this July tranche is estimated at approximately $319 million, and from the perspective of global tokenomics, these allocated millions represent a negligible share of the company's massive reserves.
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According to analytics platform XRP Scan, around 35.8% of the total token supply remains under Ripple's direct control in frozen escrow smart contracts, equivalent to 35.8 billion XRP. Thus, the entire net July unlock does not even reach 1% of the issuer's locked assets.
The final balance of the current unlock proved so well-calibrated that the token is showing confident growth in today's trading. The positive backdrop around the XRPL ecosystem allowed buyers to quickly absorb the new coins.
According to the latest technical chart, the asset firmly secured the key support level at $1.0390, where the volume's point of control is, and moved into a local rally, coming close to the psychological barrier of $1.06.
XRP continues to trade below a key technical threshold in its July 1, 2026 sessions, as traders and analysts set their sights on the $1.65 level. This price point, which aligns with the 50-period simple moving average (SMA) on the monthly chart, is seen as a crucial indicator for confirming a sustained breakout. As of press time, XRP stood at $1.04, having slipped 0.11% in the past 24 hours and 4.01% over the past week. Trading volume, meanwhile, rose 0.51% to $1.61 billion.
Key moving averages in technical analysisAnalyst Egrag Crypto notes that XRP started July under the 50-period SMA on the monthly chart. According to Egrag, the $1.65 level serves as a significant barrier in terms of the macro outlook. The analyst points out that in previous cycles, XRP’s price bottoms have often formed near the 88-period SMA, with broad upward moves typically following these levels being tested.
Egrag Crypto emphasizes that as long as XRP remains below $1.65, the asset is caught in a macro consolidation. A decisive break above this level would, in Egrag’s view, sharply change the overall picture.
The highest-probability scenario in the analyst’s forecast map is a retest of the 88-period SMA, assigned a 55% likelihood. The chance of rapidly reclaiming the 50-period SMA and preventing a deeper pullback is put at 30%. A third scenario, where XRP dips below the 88-period SMA and the macro recovery stretches over a longer period, is given a 15% chance.
Upside targets: $7.50 and $42Egrag Crypto suggests that if XRP breaks above $1.65, it could trigger a structural shift in the chart pattern. The analyst identifies $7.50 as the first major expansion target, with $42 cited as a potential longer-term, historically derived level. Until the price decisively clears the 50-period SMA, however, Egrag maintains a cautious stance.
The analyst highlights that previous cycles have seen strong expansion moves after lows formed around the 88-period average, and market participants are watching closely to see if this pattern will repeat.
Derivatives data signals limited market appetiteShort-term sentiment remains muted in derivative markets as well. According to CoinGlass data, XRP futures trading volume slipped 2.14% to $1.70 billion, while open interest declined 2.73% to $2.27 billion. The funding rate for open positions in XRP hovered at 0.0027%.
Mini glossary: Open interest refers to the total size of contracts in futures markets that have not yet been closed. The funding rate is a periodic payment designed to keep perpetual futures markets balanced between long and short positions.
Claims about Japan’s XRP holdings draw attentionAnother noteworthy point in the market comes from X platform analyst Xrp Herald, who claims that Japan’s total XRP holdings now exceed $60 billion. The post highlights Japan’s long-standing status as one of the strongest markets for XRP, attributing this to institutional relationships with SBI Holdings, robust retail interest, and increased blockchain-related activity.
Xrp Herald also underscores the sustained momentum for XRP in Japanese financial markets, naming SBI Holdings as one of the largest corporate holders of XRP globally. SBI Holdings is a major financial group based in Japan and is well-known for its ongoing initiatives connected to the Ripple ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP is trading at $1.05, up 2.02% in the past 24 hours, with a market capitalisation of $65.97 billion and 24-hour trading volume of $1.61 billion.
Where The Price Stands
On the weekly chart, the broader bear market structure for XRP remains technically intact. A full reversal has not yet been confirmed. However, the token is holding a key support zone between $0.90 and $1.00, and the most recent local low bounced from almost exactly $1.00, which is an encouraging sign for short-term stability.
On the upside, resistance sits around $1.13. That is the level XRP needs to clear convincingly before any recovery narrative can take hold.
The Bullish Divergence To Watch
On the daily chart, a bullish divergence is still technically in place, though it is getting close to invalidation. If XRP pulls back further and the Relative Strength Index breaks below its previous low from early June, the current divergence would be invalidated.
That said, the Relative Strength Index reached extremely oversold levels approximately a month ago, which makes it statistically likely that some form of bullish divergence confirms eventually, whether it is the current one or a new one that forms after another slight dip. The oversold conditions from that June low still provide a meaningful technical backdrop.
What To Expect In The Short Term
The base case for the next couple of weeks is relatively sideways price action with possibly a minor relief bounce. This is not a setup for significant bullish momentum or a trend reversal. It is a short-term pause in what has been an extended period of bearish pressure. Traders should not expect strength. The larger bear market structure is still in place and any bounce should be treated as relief rather than reversal until confirmed otherwise.
Story Ends Here
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Ripple has completed its standard monthly token unlock, releasing 1 billion XRP, and has relocked 70% of that total. As a result, a net 300 million XRP has entered circulation. According to data from Whale Alert, unless further changes occur before the end of the day, this amount aligns with the company’s established net liquidity plan that it has followed throughout 2026.
Ripple’s balance in managing XRP supplyThe controlled release of 300 million XRP reflects Ripple’s cautious approach to market liquidity. By putting only a limited amount of net supply into circulation after mandatory re-locks, the company aims to reduce downward price pressure that could result from excessive token inflows.
As of July 2026, the average daily trading volume of XRP on regulated platforms stands at about $1.61 billion. In a market of this size, Ripple’s management believes that large, uncontrolled releases could disrupt order book stability and create additional volatility in XRP’s price.
Brad Garlinghouse, who has referred to XRP as Ripple’s “North Star,” has said that the company’s strategy is to keep unlocked token volumes within limits that won’t threaten price stability.
The most recent unlock in July translates to approximately $319 million in dollar terms. However, this figure represents only a small portion of Ripple’s total reserves and is considered a limited share in the context of the global token economy.
Locked reserves and market responseData from XRP Scan shows that about 35.8% of the total XRP supply—equating to 35.8 billion XRP—remains locked in escrow contracts controlled directly by Ripple. This means that July’s net increase of 300 million XRP is less than 1% of Ripple’s current locked assets.
Mini glossary: An escrow contract is an on-chain mechanism in which a set amount of tokens is locked under predetermined rules and later released. This method is used to limit sudden increases in supply and to make token release schedules more predictable for the market.
Following the latest unlock, XRP maintained a strong intraday performance. Positive sentiment in the XRPL ecosystem has facilitated quicker absorption of newly released tokens by market buyers.
Key price levels on the XRP chartFrom a technical standpoint, the $1.0390 level currently represents a significant support zone. After holding this area, XRP staged a local rally and moved closer to the psychological threshold of $1.06.
The shape of the market for the rest of the day will depend on whether current demand can keep pace with the net addition of 300 million XRP. For now, the relocking measure appears to be effectively limiting supply-side pressure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The XRP Ledger (XRPL) developer community is currently buzzing about the successful return of a highly anticipated network upgrade.
The "Batch" amendment, which was previously delayed due to security concerns, has been merged back into the core repository and is now queued for validator voting.
The announcement was made by XRPL core developer Denis Angell, who confirmed the integration following a rigorous period of testing and review.
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"Batch is BACK!!" Angell declared on X (formerly Twitter). "After an attack-athon, a security audit, and 4 reviews, the batch is officially merged back into the xrpld repo and will be up for voting in the next release."
Angell accompanied his announcement with a quote from Confucius: "A man who has committed a mistake and doesn't correct it is committing another mistake."
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The pull request has been officially merged from Angell's branch into the development branch of the XRPLF/rippled repository.
What the amendment means for XRPLProminent XRPL community validator and commentator Vet praised the core development team in light of the most recent development. "Massive shoutout to Denis and the whole core dev community for prioritizing the rework with huge amounts of security audits," Vet posted.
An "atomic" transaction means that a series of operations is executed as a single unit. Either all the transactions within the bundle succeed together.
According to Vet, this atomic bundling capability unlocks crucial new functionalities for the network.
Users can bundle a "send" and a "receive" transaction together, ensuring that a token swap only executes if both parties fulfill their end of the trade simultaneously.
Developers can bundle complex interactions into a single transaction block.
Network validators will vote on its activation in an upcoming rippled release.
XORA, a custodial neobank built on the XRP Ledger, has launched a platform that lets XRP holders earn a daily yield on their XRP and spend it in the real world through the XORA card. The company, which went live in February 2026, is targeting a large and often overlooked audience: the millions of retail investors who hold XRP but have had few ways to use it.
That audience is a defining feature of XRP. Unlike Bitcoin, whose supply has moved increasingly into institutions and exchange-traded funds, XRP remains overwhelmingly retail-owned, with everyday investors holding the majority of circulating tokens. For years, those holders could do little with their XRP beyond buying it and waiting. XORA is built to change that.
With XORA, a user signs in with a passkey and deposits XRP from any wallet or exchange to a personal XRP Ledger address. Idle balances begin earning automatically, currently 15% paid in XRP plus an estimated 7% in native XORA tokens for tier-one balances. Withdrawals settle on the XRP Ledger in about three seconds, with no lock-up and no deposit or withdrawal fees. The XORA card, now rolling out, lets holders spend their XRP balance at everyday merchants, with conversion handled at the point of payment.
“The market keeps talking about institutional crypto, but XRP’s strength has always been its retail base,” said Joren Lundgren, founder and CEO of XORA. “Those holders did not want another place to trade. They wanted to earn on what they hold and spend it like money. That is what we built.”
The platform is designed around verifiable custody. XORA operates a segregated, custodial treasury on the XRP Ledger whose backing can be checked on-chain through any XRPL explorer. It runs daily reconciliations, automated circuit breakers, and a separately funded depositor-reserve buffer drawn from protocol revenue, with a public bug bounty. The company also discloses that the native XRP yield is currently a time-limited treasury subsidy that will step down as deposits grow, transitioning toward on-chain sources such as XRP Ledger automated market-maker liquidity provision and lending. XORA states that it is not a chartered bank and that balances are not government insured.
XORA is building toward a broader neobank over time. A native XORA token unlocks tiered benefits as holdings grow, including planned metal cards, travel perks, governance rights, and concierge banking, and additional card features are on the roadmap.
For XRP’s retail base, the proposition is utility rather than speculation: a way to put an existing holding to work and spend it, rather than leaving it idle in a wallet.
About XORA
XORA is a custodial neobank on the XRP Ledger where holders earn on idle XRP and spend it in the real world with the XORA card. Launched in February 2026 and based in Stockholm, Sweden, XORA is led by founder and CEO Joren Lundgren. More information available at https://xora.finance.
Disclaimer: Crypto investments carry risk. Yields are variable, and the native XRP yield is currently a disclosed, time-limited treasury subsidy. XORA is custodial and not a chartered bank, so balances are not FDIC or government insured. Card features are subject to availability.
Ripple (XRP) is trading around $1.04 at the time of writing on Wednesday, grinding toward the psychological $1.00 support. The remittance sector continues to struggle to make meaningful rebounds, reflecting persistent headwinds across the broader crypto market.
Moreover, investor sentiment remains cautious, as evidenced by ongoing outflows from digital asset products and a sluggish derivatives market.
XRP lags recovery as risk-averse sentiment persistsMarket sentiment across the crypto sector has deteriorated significantly in the past few weeks, with the Fear & Greed Index lingering in Extreme Fear territory at 15 as of Wednesday, down from 15 the previous day. This persistent risk aversion continues to suppress demand for risk assets and keeps price action tightly constrained.
Crypto Fear & Greed Index | Source: AlternativeXRP spot ETFs saw a reversal in investor flows, recording almost $3 million in outflows on Tuesday following substantial inflows of $16 million on Friday and $15 million on Monday.
Despite recent volatility, cumulative inflows remain stable at $1.48 billion, with average net assets under management at $944 million, according to SoSoValue data. This shows that while short-term sentiment is wavering, longer-term investor interest in XRP products has proven resilient amid ongoing market challenges.
XRP ETF flows | Source: CoinGlassRobust institutional participation remains critical to offset the ongoing weakness in retail trading activity. According to CoinGlass, perpetual futures Open Interest (OI) has cooled to $2.31 billion on Wednesday, down from $2.35 billion the day before and far below the $10.94 billion peak in July. Subdued OI underscores the prevailing risk-off stance among retail investors, while sustained recovery will likely hinge on a resurgence of retail engagement.
XRP Futures OI | Source: CoinGlassPrice analysis: XRP tests key support as headwinds lingerXRP trades at $1.04, maintaining a bearish near-term tone as price holds below the Bollinger middle band around $1.12 and all key Exponential Moving Averages (EMAs), with the 50-day EMA near $1.19 and the 100-day and 200-day EMAs much higher at $1.30 and $1.52 respectively.
The Moving Average Convergence Divergence (MACD) histogram remains fractionally negative on the daily chart while the Relative Strength Index (RSI) hovers just above the oversold area near 32, suggesting lingering downside pressure but with the potential for only modest corrective bounces while these overhead levels cap the pair.
XRP/USDT daily chartInitial resistance aligns with the Bollinger middle band near $1.12, followed by the 50-day EMA around $1.19 and the Bollinger upper band close to $1.24, with the broader bearish structure reinforced by the more distant 100-day and 200-day EMAs at roughly $1.30 and $1.52. the downside, the next notable support emerges at the Bollinger lower band around $0.99, where a decisive break would reopen the decline, while any recovery attempts are likely to struggle as long as XRP trades below the clustered moving averages overhead.
(The technical analysis of this story was written with the help of an AI tool.)
Ripple FAQs Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.
XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.
XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.
XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
Ripple unlocked 1 billion XRP from escrow through three separate transactions valued at nearly $1.04 billion.
The unlock followed Ripple’s established monthly escrow schedule and increased the amount of XRP available in circulation.
The release included 500 million XRP worth $519.85 million, 300 million XRP valued at $311.91 million, and 200 million XRP worth $207.94 million.
However, the release alone did not indicate that the entire allocation would enter the market immediately. Instead, the transaction placed renewed attention on whether the additional supply would eventually influence exchange flows and price performance.
Spot flows resisted heavy selling pressure Exchange data showed that XRP did not experience aggressive Spot selling despite the billion-token unlock.
Spot netflows remained negative at approximately -$2.87 million, indicating that exchange outflows continued exceeding inflows during the latest session.
The pattern suggested traders had not rushed to transfer large amounts of XRP onto exchanges for immediate liquidation.
Instead, the relatively modest outflow reflected restrained sell-side activity even after Ripple increased circulating supply. However, the negative reading remained small enough to indicate cautious positioning rather than aggressive accumulation.
Source: CoinGlass XRP clings to support as bears stay active XRP continued defending the $1.03-$1.04 support region after several weeks of declining prices. The asset traded near $1.049 while remaining well below the major resistance levels around $1.26 and $1.50.
Buyers repeatedly protected the current support zone, preventing another decisive breakdown despite persistent selling pressure. However, the broader structure still favored caution because prices remained beneath previous breakdown levels.
The MACD also reflected that weakness. Its signal line stayed below the zero line, while the MACD line remained slightly beneath the signal line, indicating bearish conditions had persisted despite the recent stabilization.
However, the shrinking histogram suggested downside pressure had eased compared with earlier sessions.
XRP would likely need to reclaim the $1.26 resistance before a stronger recovery structure could develop.
Source: TradingView Where could liquidation pressure strike next? The Liquidation Heatmap revealed that the largest concentration of leveraged liquidity remained below XRP’s current trading price.
The brightest liquidity zone appeared around the $1.02-$1.03 range, directly beneath the market, highlighting an area where additional downside movement could trigger substantial liquidations.
Smaller liquidity pockets existed above the current price, although they lacked the intensity shown below support. The imbalance suggests leveraged positions had clustered beneath XRP rather than above nearby resistance.
If sellers force XRP below its current support, the price could accelerate toward those liquidity pools before stabilizing. However, continued defense of the present range would likely prevent those positions from being triggered.
Source: CoinGlass To conclude, Ripple’s latest 1 billion XRP escrow unlock increased the circulating supply, yet exchange flows remained relatively stable as spot netflows stayed negative. XRP also continued holding above a key support zone despite bearish MACD readings.
If the current support remains intact, the market could continue absorbing the additional supply. However, a break below $1.03 would likely expose the large liquidation cluster beneath price and increase downside pressure.
Final Summary Ripple increased XRP’s circulating supply, while spot exchange activity remained relatively unchanged. XRP continued defending key support as bearish technical signals kept recovery under pressure.
XRP (CRYPTO: XRP) logged a third straight month of ETF inflows in June, pulling in $59.4 million even as the token trades near its lowest level in over a year.
XRP And HYPE Are The Only ETFs Taking In Money Right NowUnlike most tokens drawing ETF interest, Hyperliquid generated just over $80 million in fees over the past 30 days according to DefiLlama, placing it third among all protocols globally behind only Tether and Circle.
XRP Is Printing A Rare Reversal Signal At A Critical LevelXRP bounces 2% on Wednesday at one of the most important technical levels of the year.
The year-long descending trendline from July 2025’s $3.65 peak sits right at current price, the same line that rejected every rally attempt for 11 months.
XRP also prints its third RSI bull divergence signal at these lows. The prior two, in November 2025 and February 2026, each produced rallies of 40% to 80%.
A close above the trendline and the 20 EMA at $1.1050 targets $1.1932 then $1.3014. Losing $1.00 breaks the divergence setup and opens $0.90 then $0.80.
July Has Historically Been One of the Strongest Month for XRPHistorical data shows XRP has averaged a 9.53% gain in July across all years on record, with the median return sitting at 6.91%.
In 2024 XRP gained 31.2% in July, and in 2023 it surged 47.6%, making it one of the token’s most consistently strong calendar months heading into Q3.
FxPro Chief Market Analyst Alex Kuptsikevich noted Bitcoin has ended July higher in 10 of the past 15 years, with an average gain of 19% against an average decline of just 7.8%, adding broader seasonal tailwinds behind the current bounce attempt.
XRP Derivatives Show Longs Outnumber Shorts But Open Interest Is FadingXRP open interest sits at $2.31 billion, down 1.01% on the day, while the long/short ratio across accounts on Binance stands at 2.59 and OKX at 3.05, meaning longs outnumber shorts by a wide margin.
Top traders on Binance hold a long/short ratio of 2.93 by accounts, signaling conviction on the long side despite the price weakness.
Over the past 24 hours, $2.07 million in longs were liquidated against $1.21 million in shorts, a relatively balanced flush.
Moreover, options volume jumped 61.6% to $3.23 million, suggesting traders are actively hedging or positioning around the current trendline test rather than sitting on the sidelines.
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XRP, after defending its first major support zone, is now approaching a critical technical threshold. Trading at approximately $1.06, the crypto asset remains above the $0.98–$0.99 region. However, indicators suggest that the overall technical weakness has not yet been fully resolved.
Technical landscape: $1.16 stands out as a turning pointAccording to market research platform More Crypto Online, XRP’s broader structure remains tilted downward. The platform highlights that simply holding the support zone is not enough to confirm a sustained recovery; reclaiming stronger resistance levels is needed for such confirmation. Noted for its focus on wave-based technical analysis, More Crypto Online’s observations suggest the bear trend persists unless key levels are surpassed.
More Crypto Online emphasizes that the bearish structure in XRP can only be significantly weakened if the price decisively breaks above $1.16. Such a move could technically confirm a wider second wave of recovery.
According to Elliott Wave analysis, the main scenario still sees a risk of further pullback. The $0.98–$0.99 range is being watched as the first significant demand zone, and unless there is a clear move above $1.16, the downside structure remains in place.
Mini glossary: Elliott Wave analysis is a technical approach linking price patterns to investor psychology, interpreting market movements through wave structures. The method uses support and resistance levels to project likely next moves in price.
LevelSignificance$1.16First critical resistance that could weaken the bearish outlook$1.27–$1.42Supply zone where stronger selling pressure may emerge$0.98–$0.99Primary support and demand zone$0.74Next major level to watch if support breaksSeller resistance persists despite short-term reboundEven if XRP sees a short-term uptick, a stronger resistance zone lies between $1.27 and $1.42. This area is considered a key supply region, where sellers may reassert themselves. If the price fails to break through this band, any upward movement is expected to be interpreted as a brief relief rally rather than a lasting trend reversal.
While XRP has defended its support, current buying activity does not appear strong enough to completely negate the downtrend scenario.
Downside risks: eyes on the $0.74 levelIf the $0.98–$0.99 support zone is breached, renewed selling pressure could intensify. In this case, a pullback toward $0.74 could come into play, which More Crypto Online identifies as the next crucial support area.
As a result, market focus is converging around two key levels. A move above $1.16 could signal improvement in the technical outlook, while losing the current support would increase the probability of a deeper correction.
Moreover, XRP has historically shown robust performance in July, with past seasonal trends occasionally giving buyers an edge in the short term. Still, unless major resistance levels are broken, the overall technical picture remains cautious, urging patience among traders.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cybersecurity researchers at McAfee Advanced Threat Research have uncovered an extremely sophisticated cryptocurrency-stealing malware campaign dubbed "Silent Swap."
It relies on a malicious browser extension to intercept and modify user clipboards and then swap legitimate cryptocurrency wallet addresses with fake ones.
The bad actors are hunting for Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash, Dash, as well as other cryptocurrencies.
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Silent Swap is different from primitive "crypto clippers" due to its alarming level of sophistication.
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The campaign relies on advanced browser manipulation, decentralized command-and-control (C2) infrastructure, and other cutting-edge techniques.
The "Google Notes" disguise The infection typically begins with the victim downloading unsigned .NET or Golang installers. They are often disguised as free or cracked versions of legitimate software.
The installer then deploys a malicious extension that masquerades as a benign "Google Notes" application.
By tampering with the browser's configuration files, Silent Swap forcibly sideloads itself into Chromium-based browsers, including Google Chrome, Microsoft Edge, Brave, and Opera
Normally, Chromium browsers store security verification data. Silent Swap bypasses this defense by recalculating and updating these security values after injecting its code.
The "Google Notes" extension, which gets installed by uninitiated victims, grants itself invasive permissions.
Server-side wallet mappingAs soon as the extension detects a copied address matching the regex patterns for BTC, ETH, XRP, Bitcoin Cash, or Dash, it does not use a hardcoded replacement. Instead, it queries the attacker's backend server.
The malicious actors behind Silent Swap also do not hardcode their command-and-control (C2) domains into the malware. Instead, they utilize a technique known as "EtherHiding."
Silent Swap has a globally distributed infection footprint, with a particularly high concentration of victims in India.
Manny Rutinel has secured the Democratic nomination in Colorado’s 8th Congressional District and will move on to the November election with the backing of a crypto-aligned political action committee. Preliminary results show Rutinel received 61.7% of the vote, while his opponent, Shannon Bird, garnered 33.6%.
Super PAC support stands out in primaryDuring the campaign, the group You Can Push Back Super PAC spent heavily in favor of Rutinel. The PAC, reported to be operating with a $3.5 million donation from Ripple Labs’ co-founder Chris Larsen, spent $1 million ahead of the primary to boost Rutinel’s campaign.
Rutinel has been rated as “strongly supportive of crypto” by Stand With Crypto, a Coinbase-affiliated advocacy group. This assessment is based on his responses regarding stablecoins, market structure, and regulatory clarity. Stand With Crypto is known for tracking and promoting policies on digital assets across the United States.
Voters have witnessed serious allegations of corruption in the crypto space and seen high-ranking officials profit in such an environment. Meanwhile, ordinary people have faced losses and fraud risks.
Crypto funding fuels election debateCoinbase is also a major donor to Fairshake PAC, which supports both Democratic and Republican candidates perceived to be pro-crypto in Congressional races. Fairshake has become one of the most visible political networks influencing US elections through digital asset policy agendas.
The advocacy group Public Citizen reported on Tuesday that the crypto sector has contributed approximately $189 million so far in an effort to sway the outcome of the 2026 US elections. Most of these funds have reportedly been channeled through political action committees.
Some experts believe the industry is following a similar path to its 2024 strategy. They expect crypto advocates to keep funding candidates seen as more favorable to digital assets from their perspective.
Debate over Washington influence intensifiesMark Hays, associate director for crypto and fintech at Americans for Financial Reform, explained that voters are seeking equal treatment for crypto companies, preferring rules similar to those applied to other financial institutions rather than special privileges. Hays emphasized that shaping regulations through political donations creates unease among the electorate.
On Tuesday, White House Deputy Press Secretary Anna Kelly stated that President Donald Trump and his family are not engaged in, nor will they be involved in, any conflicts of interest.
Polling has revealed that the majority of Democratic, Republican, and independent voters are concerned about the influence of industry donations on crypto-related regulations. Americans for Financial Reform noted voters largely favor clear and reasonable rules for the sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin, Ethereum, XRP, and Solana have once again become the focal point of the crypto market after simultaneously flashing monthly buy signals on the TD Sequential indicator. This development has fueled speculation that a long-term bottom might be forming across leading cryptocurrencies; however, analysts warn that the indicator alone does not guarantee the start of a sustained rally.
Unified technical signal emergesCrypto market analyst Ali Martinez reported that all four major cryptocurrencies triggered a TD Sequential buy signal on the monthly chart. Used primarily on higher timeframes, this indicator aims to spot moments when the prevailing trend is losing steam and the stage may be set for a reversal.
Glossary: The TD Sequential, developed by market analyst Tom DeMark, is a technical indicator designed to identify moments when trends are becoming exhausted and a possible reversal is imminent, using specific counting sequences.
The monthly chart is pointing to a simultaneous macro reversal setup. The TD Sequential indicator is giving a buy signal for Bitcoin, Ethereum, XRP, and Solana.
It is rare for all four major cryptos to show monthly buy signals at the same time. This technical improvement has fostered cautious optimism in the market, especially after the sharp volatility seen in recent weeks.
Latest on prices and futures marketsAccording to data from CoinMarketCap, Bitcoin was trading at $59,947.31, Ethereum at $1,615.92, XRP at $1.05, and Solana at $77.45. Analysts note that these large-cap assets are presenting a more positive picture compared to earlier market turbulence.
AssetPriceOpen Futures InterestBitcoin$59,947.31$8.50 billionEthereum$1,615.92$21.99 billionXRP$1.05$2.31 billionSolana$77.45$5.58 billionCoinGlass data shows the open interest in Bitcoin futures on Binance stands at $8.50 billion. Open interest for Ethereum has reached $21.99 billion. XRP and Solana report figures of $2.31 billion and $5.58 billion, respectively. This data suggests that interest in the derivatives market persists, indicating continued engagement from traders and investors.
ETF flows reflect ongoing cautionUS spot Bitcoin ETFs saw net outflows totaling $222.60 million on July 1. Despite this, the total net inflows since these products launched have reached $51.59 billion. This pattern shows that while some investors are taking short-term profits, the broader trend has not been completely disrupted.
Spot Ethereum ETFs, meanwhile, recorded a net outflow of 16,715.33 ETH on June 30. Although institutional players continue to display caution, sentiment around longer-term demand remains upbeat.
Monthly buy signals may signal weakening selling pressure, but further confirmation is needed for a sustained recovery.
In the coming weeks, if Bitcoin, Ethereum, XRP, and Solana manage to hold above current price levels, strengthen ETF inflows, see a rise in open interest, and log increased buying volumes, the probability of a broader crypto market recovery will likely increase.
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.
Crypto analyst Ali Martinez said that signals indicating a long-term market reversal are emerging in major crypto assets, particularly Bitcoin. According to Martinez, the Tom DeMark (TD) Sequential indicator is giving a bullish signal for Bitcoin, Ethereum, XRP, and Solana on the monthly charts.
The analyst noted that trend exhaustion signals, especially those seen in higher timeframes like monthly charts, are significant. Martinez stated that in the past, multiple major crypto assets simultaneously generating monthly bullish signals indicated seller fatigue and long-term market lows.
Another data point highlighted by Martinez concerned the profit and loss status of Bitcoin’s supply. According to the analyst, for the first time in this cycle, the amount of Bitcoin held at a loss reached 10.45 million BTC, surpassing the 9.60 million BTC held at a profit.
Martinez said that the fact that more than half of the circulating Bitcoin supply is at a loss indicates that the speculative bubble in the market has largely cleared. The analyst argued that such crossovers have only been seen very close to major cycle bottoms in Bitcoin’s 15-year history.
Looking at past examples, a similar intersection first occurred in September 2011, and Bitcoin bottomed out in November 2011, starting a new bull market. The second intersection took place in September 2014, and after the market consolidated under these conditions until October 2015, it entered a new expansion period.
The third intersection, seen in November 2018, coincided with one of the harshest periods of the bear market. Following this, Bitcoin began a new bull cycle in March 2019. A similar intersection occurred during the liquidity crisis of March 2020, but this lasted only 17 days, and Bitcoin recorded a strong recovery by April 2020.
According to Martinez, the first supply intersection of the current cycle officially occurred in June 2026, and the metrics have continued to move in the opposite direction since then. The analyst argued that while such periods have lasted from a few weeks to a few months in past data, Bitcoin is currently trading in a region of high-reliability accumulation.
*This is not investment advice.
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Bitcoin reclaimed the $60,000 level, lifting major cryptocurrencies higher suggesting a potential long-term buying opportunity may be emerging despite lingering downside risks.
Notable Statistics:
Coinglass data shows 97,328 traders were liquidated in the past 24 hours for $398.51 million. SoSoValue data shows net outflows of $222.6 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $27.6 million. In the past 24 hours, top gainers include MemeCore, Jupiter and Venice Token. Notable Developments:
Trader Notes:
Crypto chart analyst Ali Martinez says the monthly charts for Bitcoin, Ethereum, XRP and Solana are flashing Tom DeMark (TD) Sequential buy signals, a technical indicator often associated with trend exhaustion and potential reversals.
This suggests selling pressure may be fading and could mark the formation of a long-term market bottom.
Trader Jelle explained that historically Bitcoin bear markets have tended to bottom roughly a year after they begin, despite sentiment often feeling most pessimistic near the end of the cycle.
If the current cycle follows a similar timeline, the market could be about 75% through the downturn, indicating that the final phase of the bear market may be approaching. However, analysts caution that history does not guarantee the same outcome.
Trader KillaXBT expects short-term relief for Bitcoin despite maintaining a bearish longer-term outlook.
After sweeping major liquidation levels, BTC could stage a temporary rally before potentially making one final move toward the low $50,000 range.
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Cover image via U.Today 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.
Ripple President Monica Long recently shared a vision for the future of digital payments. "The future of payments will be multichain, interoperable, and built on institutional-grade blockchain infrastructure," said the Ripple President.
The future of payments will be multichain, interoperable, and built on institutional-grade blockchain infrastructure.
Our focus is simple: continue making the XRPL the leading blockchain for institutional payments – and a natural home for the next generation of key regulated… https://t.co/8Pc5Yleskr
— Monica Long (@MonicaLongSF) June 30, 2026 Long was reacting to recent developments, including Ripple joining the Open USD stablecoin as a day-one integration partner, highlighting the company's commitment to open, multichain infrastructure that supports institutional adoption across the digital asset ecosystem.
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Open USD, a dollar-pegged stablecoin, was launched by a consortium of more than 140 financial and technology companies, including Visa, Mastercard, Stripe and Coinbase, on Tuesday.
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The roll call of backers resembles a cross-section of Wall Street and Silicon Valley. Ripple, BlackRock, BNY, Standard Chartered, Google and Shopify are all listed as founding partners.
With financial institutions showing growing interest in blockchain-based settlement and regulated stablecoins, Ripple President Long highlights the company's long-term strategy for expanding the role of the XRP Ledger, XRP and RLUSD in institutional finance.
XRP, XRPL and RLUSD vision outlinedAccording to Long, Ripple's focus remains simple: to continue making the XRP Ledger the leading blockchain for institutional payments. This demonstrates that Ripple is positioning the XRP Ledger as infrastructure for institutions seeking blockchain-based settlement solutions.
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Ripple is also concentrating its efforts to make the XRP Ledger a natural home for the next generation of key regulated stablecoins while growing the utility and adoption of RLUSD and XRP globally.
Long's comments show Ripple's commitment to enhancing the real-world utility and adoption of XRP alongside RLUSD as institutional demand continues.
Ripple Prime processes over $3 trillion annually on behalf of over 300 institutional clients, according to Mike Higgins. During a recent discussion, the Ripple Prime CEO shared where the infrastructure is headed next in an effort to bring the prime brokerage and clearing layer directly onto the XRP Ledger.
In a major XRP news today, a key on-chain whale indicator flipped negative for Ripple’s native crypto asset XRP. The on-chain metric now flashes a sell signal for the first time since February. Will XRP price witness further selling pressure and drop below $1 in the coming days amid growing headwinds?
Ripple Whale Flow Turns Negative for the First Time in 4 Months The XRP Whale Flow 30-DMA metric has now flipped negative, according to CryptoQuant on-chain data. This marks the first time the key Ripple whale indicator signaled selling pressure among whales after nearly 4 months.
XRP faced renewed distribution pressure over the past few weeks despite XRP Ledger upgrades, with Ripple whales liquidating their holdings. XRP price top in mid-May coincided with sustained whale distribution and a subsequent correction.
As CoinGape warned earlier, XRP whale activity has kept declining since early May. The whale accumulation dropped from 9-13 million daily whale activity to nearly 4 million XRP per day.
On Tuesday, whale flow dropped to 1.24 million. This indicates a shift in whale behavior amid rising uncertainty and a broader crypto market crash.
Ripple executive chairman Chris Larsen’s wallet addresses also became active again during this period. However, the transfers were significantly lower to shake XRP price.
XRP Whale Flow. Source: CryptoQuant XRP Funding Rates on Binance Hit 3-Month Low As XRP price failed to build upside momentum, funding rates for XRP perpetual contracts on Binance continued to fall. This indicates increasing selling pressure for Ripple’s native crypto asset in the derivatives market.
According to the latest funding rates data, the funding rate has fallen to almost -0.0139, the lowest level in more than three months. This means a shift in trader sentiment toward short positions.
Funding rates have fluctuated between positive and negative values over the past few months, triggering rising XRP prices and increased demand for long positions. However, this balance gradually shifted as bullish momentum weakened.
While persistently negative funding rates reflect weak market sentiment, reaching extremely low levels can sometimes trigger a short squeeze.
XRP Funding Rates. Source: CryptoQuant Will Price Fall amid Bearish XRP News? XRP price fell to a 24-hour low of $1.02 in the past 24 hours. But the price has since rebounded to $1.04, with a 24-hour high of $1.05. Moreover, trading volume has remained low in the past few days, indicating a decline in interest among traders.
Analyst Ali Martinez pointed out that XRP price could find support at $0.90. He highlighted that the UTXO Realized Price Distribution (URPD) on-chain data showed $0.80, $0.62, and $0.51 as key support levels to watch.
Moreover, XRP futures open interest fell nearly 2% to $2.28 billion as the Clarity Act passing odds tanked. The total open interest dropped more than 0.50% on CME and more than 2.30% on Binance.
Moreover, spot XRP ETFs recorded $2.83 million in net outflows on Tuesday, with Bitwise XRP ETF recording $5.82 million in redemptions. Also, Canary’s XRPC saw $2.99 million in inflows.
JPMorgan has voiced its support for the CLARITY Act, a legislative proposal designed to bring clearer rules to digital assets in the United States. Arguing that a transparent and consistent regulatory framework is vital for the growth of the crypto sector, the bank also cautioned that regulation should not be rushed.
Cautious optimism alongside support for regulationIn a joint opinion piece, JPMorgan executives Umar Farooq and Peter Muriungi stated that digital assets have moved beyond the realm of experimentation and are now becoming core elements of modern finance. The pair highlighted the growing use of digital assets in payment systems, trading, settlement, and cross-border transactions.
Umar Farooq and Peter Muriungi emphasized that digital assets have left behind their experimental phase, and are now a visible part of the financial infrastructure, from payments to international transfers.
According to the executives, the next frontier in financial innovation will be tokenization and programmable money. By moving real-world assets onto blockchain networks and automating transactions through smart contracts, processes such as settlement can be accelerated, costs lowered, and global payments made more efficient.
Glossary: Tokenization refers to creating a digital representation of real-world assets—such as stocks, bonds, or real estate—on a blockchain. Programmable money describes digital currencies that can transfer automatically when certain conditions are met.
Still, JPMorgan stressed that innovation should be matched by robust safeguards. The bank argued that an effective legal framework must clearly define consumer protections, market integrity, and the responsibilities of regulatory bodies. Without these, there is a risk that vulnerabilities will shift to less well-supervised areas.
Why this matters for Ripple and XRPThis approach carries particular significance for XRP and Ripple. Ripple has long grappled with regulatory uncertainty in the US. Its high-profile legal battle with the SEC concluded in August of last year. Despite some notable court victories for Ripple, a comprehensive framework governing the oversight of digital assets remains unresolved.
The CLARITY Act is designed to reduce this uncertainty and distribute regulatory responsibilities more clearly. With more defined rules, banks, fintechs, developers, and institutional investors could be expected to place greater trust in blockchain-based financial products.
Potential boost for institutional adoptionClearer regulation could provide a favorable environment for Ripple, which aims to enable faster and lower-cost cross-border payments. As the legal landscape becomes more defined, financial institutions may be more inclined to integrate Ripple’s payment technology and use XRP as an on-demand liquidity bridge asset.
JPMorgan’s support highlights a growing shift toward blockchain-backed financial infrastructure on a broader scale. Should the CLARITY Act become law, it is expected to reduce at least part of the regulatory uncertainty seen as a major obstacle to institutional participation.
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 monthly XRP Commodity Channel Index (CCI) has dropped to its lowest level in six years, closing way below the -100 baseline in June.
The decline came amid a weak close in June, when the indicator stood at -134.61 following a nearly 22% drop in XRP’s price for the month. This made June the asset’s worst monthly performance since February 2025.
XRP Commodity Channel Index Hits 6-Year Low While XRP has opened July with a small rebound, rising 0.61% to trade at $1.04487, the CCI has collapsed further this new month, currently sitting at -137.30.
For context, when the CCI falls below -100, it usually points to oversold conditions. At -137.30, XRP now sits far below its 20-period average, suggesting that the current level of selling may not last for long.
The last time XRP’s CCI reached a similar level was in March 2020, during the COVID-19 market crash, when the price dropped below $0.20. During this period, the Commodity Channel Index crashed to -140.67, marking XRP’s bottom for that downturn.
After the crash, XRP’s price recovered considerably and climbed to around $1.96 within the following year. While it is important to consider this historical context, it does not necessarily mean the same kind of recovery will happen again.
How the Current Decline Compares to 2020 The 1-month chart shows a similarity between the CCI low in March 2020 and the one recorded in June 2026, as both sit at nearly the same depth below the oversold level.
However, the reasons behind the two drops are different. In 2020, the market fell quickly due to an external shock and then recovered just as fast. This time, XRP has been moving down gradually since Q4 2025 within a falling channel.
The CCI also shows a secondary signal line at -3.69, as the main CCI remains at -137.30. The gap between these two lines creates room for a possible crossover, which traders often see as an early sign of recovery.
However, for now, no crossover has happened, so the oversold reading alone does not confirm a reversal. The price still needs to show clear signs of strength before any change in direction could emerge.
XRP Monthly CCI XRP Ichimoku Cloud Confirms Bearish Trend Meanwhile, the monthly Ichimoku Cloud confirms the extent of the ongoing bearish trend, as all four main components remain above XRP’s current price of $1.04487.
Specifically, the Tenkan-sen stands at $1.79398, while the Kijun-sen sits higher at $2.02423, placing it about 94% above the current price. Since the Tenkan-sen is below the Kijun-sen, the chart confirms a bearish crossover, showing that short-term movement still follows the broader downtrend.
Further, Senkou Span A is at $1.90910, and Senkou Span B is at $1.97650, forming a bearish cloud where Span B stays above Span A. This presents a strong resistance zone between $1.90910 and $2.02423, meaning XRP must push through a tight range of about $0.12 before the structure can turn neutral.
The only slightly positive signal comes from the Chikou Span, which compares the current price of $1.04487 with past price action from May 2024, when XRP traded below $1.00. The position gives a mild bullish signal but has little weight since the rest of the indicators remain clearly bearish.
XRP Falling Channel and Key Price Levels Also, XRP has moved within a falling channel since October 2025, forming a downward pattern across nine monthly candles. The upper boundary of this channel now sits between $1.40 and $1.60, while the lower boundary points to a range between $0.85 and $0.90. This lower area lines up with a key support level at $0.87493.
At the moment, XRP trades at $1.04487, just $0.04487 above the important $1.00 level. If the price closes below $1.00 on the monthly chart, it would break a key level that supported the early stages of the 2024 rally.
If this happens, the next support comes in at $0.87493, followed by $0.66158, a level last seen in early 2023 and about 37% below the current price.
On the upside, XRP faces multiple resistance levels. It must first move past $1.20, then break above the channel’s upper boundary between $1.40 and $1.60.
After that, it would need to clear the Tenkan-sen at $1.79398, the cloud between $1.90910 and $1.97650, and finally the Kijun-sen at $2.02423. Only a strong move above all these levels would shift the overall trend from bearish to neutral.
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.
Ripple has released 1 billion XRP into the market squarely on schedule.
Executed in the early hours of July 1, the release follows a predetermined, mathematically enforced cryptographic schedule that has governed the asset's supply since 2017.
According to on-chain tracker Whale Alert, the 1 billion tokens (valued at approximately $1.04 billion) were released across three separate tranches.
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On-chain data logged the transactions taking place at approximately 07:30 AM, confirming the exact 1 billion token figure. The funds were released from Ripple's escrow accounts in three distinct instalments.
Ensuring predicability The mechanism behind this massive monthly release is fully automated and hardcoded into the ledger. In December 2017, Ripple sought to eliminate fears of a sudden market dump by placing 55 billion XRP into a series of smart-contract-based escrows on the XRP Ledger. The system is programmed to release a maximum of 1 billion tokens on the first day of every month.
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A billion tokens unlocked does not mean a billion tokens flood the open retail market. Historically, Ripple returns a significant majority (often between 600 million and 800 million XRP) back into new escrow contracts shortly after the unlock, keeping only a fraction for operational expenses and institutional sales.
The primary metric the market watches is not the unlock itself, but rather the subsequent "re-escrow" transactions that typically follow within 24 to 48 hours. Those secondary transactions dictate the net new supply actually entering circulation for the month.
As reported by U.Today, CTO Emeritus David Schwartz addressed speculation that Ripple's XRP escrow could run dry by 2035. He stated that pinpointing an exact year is impossible because it depends entirely on Ripple's future operational needs and how much of the monthly 1 billion unlocked XRP gets returned to escrow.
In the meantime, crypto commentator Bill Morgan recently urged Ripple to speed up the release of its escrowed XRP tokens instead of continuously re-locking them. He argues that getting the circulating supply to 100% faster would allow XRP to quickly become "the best hard money."
Current estimates suggest it will take another nine years (around 2035) for Ripple’s remaining stash of roughly 38.15 billion XRP to be completely emptied.
As investments flow out of bitcoin, ether, sol ETFs, XRP and HYPE flows stand strong. (Tarik Haiga/Unsplash)Summary
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
XRP and Hyperliquid’s HYPE have emerged as notable bright spots amid record outflows from U.S. spot crypto exchange-traded funds (ETFs).
XRP-linked ETFs added $59.4 million in June, a third straight month of net inflows, albeit at a slower pace than during the previous two months, according to SoSoValue data. HYPE funds notched up $161 million in net inflows during the month.
In contrast, bitcoin BTC$59,720.20 ETFs suffered record outflows of more than $4 billion, ether (ETH) ETFs saw $528.99 million in outflows and solana (SOL) ETFs shed $786,000.
The positive flows into both XRP and HYPE funds signal potential for significant spot price appreciation, particularly if bitcoin and the broader market stabilize.
HYPE also has support at the fundamentals level. Its parent, the decentralized exchange Hyperliquid, generated just over $80 million in fees over the past 30 days, according to DefiLlama. This places it third among all protocols and behind only stablecoin giants Tether ($486.9 million) and Circle Internet ($184.07 million).
Speaking of potential for market stability, July offers hope. According to Alex Kuptsikevich, the chief market analyst at the FxPro, July tends to be a positive month for the largest cryptocurrency.
"Over the past 15 years, bitcoin has ended the month higher on ten occasions and lower on five. The average gain was 19%, while the average decline was 7.8%," he said in an email.
Still, history is no guide to future performance and seasonality alone may not be enough and strong inflows into spot ETFs may be needed to lift BTC. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."
What’s trendingBitcoin’s 20% June crash looks even deadlier on the charts. Here’s why (CoinDesk): Bitcoin’s June candlestick looks like a solid red brick with virtually no wicks, a clear sign of uninterrupted bear dominance throughout the month and a warning that more losses could happen in the weeks ahead.World shares ease, yields rise as yen hits 40-year low (Reuters): Equities around the world started the quarter cautiously ahead of key U.S. jobs data, as uncertainty over U.S.-Iran negotiations remained and traders watched for possible Japanese intervention in forex markets after the yen hit a 40-year-lows.Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion (CNBC): Gold prices fell further, after the precious metal closed its worst quarter in 13 years. Gold futures slipped 1.24% to $3,989.00.Trump pocketed more than $1 billion from crypto ties as industry headed toward slump (CoinDesk): President Donald Trump earned more than $1 billion from crypto sales and royalties last year while living in the White House and pursuing pro-crypto policies in his administration.Today’s signalThe SPDR gold shares ETF is slipping into a death cross. (TradingView)Need evidence of just how unpopular store-of-value assets are right now? Check out the SPDR Gold Shares ETF, the largest in the world.
Its price is slipping into a death cross, with the 50-day moving average crossing below the 200-day average. This indicator is widely viewed as a signal of long-term pain.
BlackRock's bitcoin ETF (IBIT) slipped into its own death cross in December and has since fallen by 35%.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
TLDR XRP price shows mixed signals as bullish patterns emerge while whale selling continues. Technical indicators suggest a short-term rebound may develop after recent selling pressure. Network activity has increased significantly, indicating stronger usage on the XRP Ledger. Whale transactions show continued selling, which may limit upward price movement. The $1.06 level remains a key support that could determine the next direction. XRP price approaches a decisive level as technical signals and on-chain data show conflicting trends. Recent indicators point to a possible rebound, yet large holders continue selling tokens. As a result, XRP price now trades near key support that may define its short-term direction.
Bullish Signals Suggest Short-Term XRP Price Rebound Technical indicators show early signs that XRP price may attempt a short-term recovery. The Tom DeMark Sequential indicator recently printed a “9” candlestick on the daily chart. This pattern often signals trend exhaustion and suggests a brief rebound may follow selling pressure.
At the same time, XRP price formed a Morning Star Doji pattern across three sessions. This formation often indicates fading bearish momentum and a possible local bottom. Therefore, traders may see this structure as an early signal of price stabilization.
If buying volume increases, XRP price could move toward the $1.27 resistance level. A stronger push may extend gains toward the $1.35 region. However, price strength depends on sustained demand and reduced selling pressure.
Rising Network Activity Supports XRP Price Outlook On-chain data shows a notable rise in XRP Ledger activity during recent weeks. Santiment reported that daily active addresses increased from 23,000 to nearly 40,000. This change reflects a sharp rise of about 50% within a short period.
Higher network activity often signals stronger engagement and growing transaction demand. Increased participation can support XRP price by improving liquidity conditions. Therefore, the recent surge may strengthen the broader market structure.
However, Santiment stated that “address growth may partly reflect internal movements rather than new demand.”
This comment suggests that activity alone may not confirm strong market demand. As a result, XRP price may still face pressure despite higher usage levels.
✍️ TL;DR: XRP’s massive new wallet creations & FOMO emerge in midst of price threatening to drop below $1
📊 Metrics used: Network Growth, Pos/Neg Social Ratio
🔗 Link to chart: https://t.co/0WJTZI6VSS
📉 $XRP is still hanging on to the $1.00 support zone, trading around ~$1.04… pic.twitter.com/41bd8NqCQJ
— Santiment Intelligence (@SantimentData) June 30, 2026
Whale Selling and Key Support Define XRP Price Path Large holders continue to reduce exposure, which adds pressure on XRP price movement. Santiment reported that whales sold more than 30 million XRP within five days. This selling activity may weaken bullish signals and limit upside potential.
Glassnode data identifies $1.06 as a critical support level for XRP price stability. More than 830 million XRP previously traded at this level, making it a strong demand zone. If price holds above this area, buyers may attempt a recovery.
A break below $1.06 could push XRP price toward lower support levels. Key areas include $0.80, $0.62, and $0.51, where past trading activity remains high. Therefore, XRP price now faces a make-or-break moment as signals remain divided.
