Crypto markets slipped on Thursday as two forces weighed on sentiment simultaneously: a Senate hearing on the CLARITY Act revealed the legislation may slip further than expected, while a Chinese AI model triggered a global equity selloff wiping $1.8 trillion from stock markets worldwide.
Bitcoin fell to $63,367, down 1.78% over 24 hours, Ethereum dropped to $1,830 and XRP slid to $1.08. The total crypto market cap declined to $2.18 trillion as the Fear and Greed Index held at 31.
CLARITY Act: One Yard Line, No Touchdown Yet
The House Financial Services Committee opened a field hearing in New York examining how the CLARITY Act could unlock innovation across digital assets. The session was informational only with no vote impact, but it marked one of the final formal steps before the bill can reach a Senate floor vote.
Representative Timmons struck a positive tone. “We’re on the one yard line, we just gotta score the touchdown,” he said, describing the legislation as “incredibly important in maintaining the U.S. economy as the centre of the global economy.”
The excitement was tempered by developments on Capitol Hill. Updated legislative text has still not been released following a Trump-Senate Republicans meeting focused on ethics provisions. Industry leaders are privately bracing for the rollout to slip into next week, according to reporter Eleanor Terrett.
Polymarket odds of the CLARITY Act passing crashed to a record low of 31%, even as Trump met with senators in what was described as a last-ditch push to advance the bill before the August recess.
The AI Model That Moved Global Markets
The broader selloff arrived from an unexpected direction. Chinese laboratory Moonshot AI released Kimi K3, a 2.8 trillion parameter open-source model, the largest ever built, surpassing DeepSeek’s previous record of 1.6 trillion parameters. On independent benchmarks it performed close to Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6, while pricing its services at a fraction of the cost.
The implication was immediate. The AI trade has been priced on the assumption that staying competitive requires massive, growing spending on chips and data centres. When a Chinese laboratory builds something nearly as capable for far less, that assumption gets challenged and capital committed to AI infrastructure gets repriced simultaneously.
Asian markets absorbed the initial blow. Japan’s Nikkei fell 4%. Taiwan’s Taiex crashed 6.5% with TSMC down 7.3%. The global semiconductor index fell 3%, entering bear market territory after losing more than 24% from its June peak. Global chip stocks have shed over $2 trillion since June 22.
What to Watch
Two catalysts will determine crypto’s next move. The first is whether CLARITY Act text emerges before the August recess. A confirmed delay removes one of the few remaining positive catalysts in the near-term outlook. The second is whether the AI-driven equity selloff stabilises, given crypto’s current 80%-plus correlation with major equity indices.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
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Bitcoin slipped nearly 2% in the past 24 hours to trade at the $63,000 mark on Friday as geopolitical tensions weighed on crypto markets. The cryptocurrency was trading at the $62,907 mark.
Ethereum fell 3.98% in the past 24 hours to trade at the $1,828 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano corrected up to 11.31%.
Vikram Subburaj, CEO of Giottus, said softer U.S. price data reduced expectations of an immediate Federal Reserve rate increase. However, renewed U.S.-Iran hostilities, higher oil prices, and weaker risk appetite limited demand for cryptocurrencies.
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US spot Bitcoin ETF demand remains volatile. Funds recorded a $424.7 million outflow on July 13, followed by inflows of $181.1 million on July 14 and $107.7 million on July 15. July 16 showed a preliminary $45.7 million inflow, Subburaj further said.
The global crypto market capitalisation edged down 1.67% to $2.18 trillion, according to CoinMarketCap. After witnessing billions in outflows in May and June, Bitcoin ETF flows dump green with nearly $289M inflows. On the other hand, whales continue to accumulate ETH, said CoinDCX Research Team.
In the past week, Bitcoin was down 1.62% and Ethereum was up 3.15%. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano fell upto 13.83%.
Riya Sehgal, Research Analyst, Delta Exchange said Bitcoin’s rejection from $65,200–$65,500 and decline towards $63,500 signals weakening momentum; below $63,000, the next support lies around $62,300–$61,800. Ethereum has corrected from the $1,910–$1,940 supply zone but remains structurally constructive above $1,790–$1,835.
Market perspective
Nischal Shetty, founder, WazirX: The crypto market remained resilient despite heightened regulatory uncertainty in the U.S. Bitcoin traded near $63,352, while Ethereum held around $1,844, reflecting cautious sentiment after a strong weekly recovery.
Akshat Siddhant, Lead quant analyst, Mudex: Bitcoin pulled back to the $63,500 levels from its three-week high, as a broader sell-off in technology stocks weighed on risk assets, including cryptocurrencies. Despite the decline, on-chain data from Glassnode suggests selling pressure may be easing, with realized losses among long-term holders having peaked and now beginning to decline, a sign that the worst phase of capitulation could be over.
Also Read | Planning retirement & child's education through mutual funds? Expert explains SWP, taxation, portfolio rebalancing
CoinSwitch Markets Desk: BTC remained range-bound between $64K and $65K as on-chain indicators pointed to a gradual reduction in selling from investors who bought near the market peak. Geopolitical uncertainty continues to restrain risk appetite.
Avinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin is currently trading around $63,600, continuing to hold above an important support zone despite short term fluctuations. Renewed ETF inflows and improving institutional participation indicate that long term conviction remains intact, while the market is increasingly responding to structural demand rather than speculative momentum.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
President Trump delivered a primetime address to the nation on July 16, 2026, mixing an economic progress report with a lengthy, controversial announcement about declassified intelligence tied to elections.
Trump opened by touting economic gains under his administration. “Our country is safer, stronger, and far wealthier than it has ever been before,” he said, contrasting it with what he called “the worst inflation in 48 years” at the start of his term.
He cited a recent inflation reading: “This week it was announced that inflation saw the largest monthly decline in more than 6 years.” He also pointed to stock market highs, tax provisions in his “Big Beautiful Bill” eliminating taxes on tips, overtime, and Social Security, and a drug pricing initiative he calls “Most Favored Nations.” “Drug prices are coming down by 70, 80, and 90%,” he said.
Declassifying Election Intelligence
The core of the speech centered on a set of documents Trump said his administration would begin releasing that night. “I’m announcing the immediate declassification and release of critical intelligence revealing shocking vulnerabilities in our election infrastructure,” he said.
Trump claimed the documents show China “carried out what is believed to be the largest compromise of election data in history,” alleging the country acquired 220 million U.S. voter files. He also alleged that intelligence officials suppressed this information from him and Congress, saying one internal email described efforts to “deliberately massage daily briefings to withhold Chinese briefings regarding the election.”
This claim arrives after federal investigators previously concluded foreign interference had no practical impact on the 2020 election’s outcome, and numerous state audits found no evidence supporting the broader fraud claims Trump has made since his 2020 loss.
Trump also referenced a Department of Homeland Security review he said identified “approximately 278,000 noncitizens who are registered to vote in federal elections,” and alleged a fraudulent voter registration operation in Michigan tied to a 2020 FBI investigation.
Targeting the Media
Trump criticized NBC and ABC for declining to air the speech. “In a rare move, NBC and ABC fake news have both said that they would not cover this speech,” he said, adding, “Fraud like this should mean a revocation of their licenses.”
The Push for the Save America Act
Trump closed by calling on Congress to pass the Save America Act, which would require photo voter ID and proof of citizenship for voter registration, and would largely eliminate mail-in ballots except for cases involving illness, disability, military deployment, or travel.
“This landmark bill requires all voters must show a photo voter ID,” he said, urging Americans to “pick up your phone tomorrow, call your representatives in the House and Senate, and demand they pass the Save America Act without delay.”
Crypto Markets Slip During the Speech
The crypto market pulled back, with total market capitalization falling 1.41% to $2.19 trillion. Bitcoin held relatively steady near $63,450, down 1.95% on the day, while altcoins took a harder hit. Ethereum slipped toward $1,848, XRP fell to $1.08, and Solana dropped to $75, each down roughly 2% to 3%. The Fear and Greed Index sat at 33, still in “Fear” territory, with the Altcoin Season Index at 52 out of 100.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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A closely watched on-chain metric is signalling a shift in how $XRP moves through Binance, with the gap between large-holder and retail activity narrowing to its lowest level in weeks, according to blockchain analytics firm CryptoQuant.
Spread Nears May LowsCryptoQuant analyst Amr Taha noted on July 16 that the Binance Whale vs. Retail Spread for $XRP fell to 35.1%, nearly matching the 35.6% reading recorded in early May. The metric tracks the difference in outflow activity between large holders and smaller retail-sized participants on the exchange. The spread tracks the gap between large XRP outflows and smaller retail-sized outflows on Binance, where whale activity refers to outflow bands above 10,000 XRP and retail activity refers to outflows below that threshold.
A high spread means whales are dominating exchange withdrawals by a wide margin, while a falling spread shows that the difference between large holders and smaller traders is becoming less extreme. Taha stressed, however, that the indicator measures the activity gap only and does not confirm whether whales are buying or selling.
Broader CEX Picture Diverges From BinanceThe narrowing on Binance stands against a different trend across the wider centralized exchange market. The 7-day moving average of the XRP Whale vs. Retail Spread across all centralized exchanges rose from 26% on May 6 to 50.9% on June 29, an increase of 24.9 percentage points. The All CEX whale-retail spread now exceeds the Binance figure by 3.3 percentage points, pointing to a divergence in market structure between Binance and the broader exchange landscape.
Whale activity has increased across centralized exchanges while large transfers on Binance declined, signaling concentrated supply movement that could affect liquidity and price dynamics for $XRP.
The divergence adds context to recent exchange reserve data. CryptoQuant data showed that Binance held 2.61 billion XRP, its lowest reserve level since February, though the figure does not reveal whether those funds entered private wallets, custody services, or other venues.
Taha's caution on directionality is worth noting. Because the metric tracks outflows rather than inflows, it reflects changes in withdrawal structure rather than direct selling pressure. A whale pulling $XRP off Binance could be accumulating into self-custody as easily as preparing to sell. The outflow direction alone does not determine intent.
What is clear is that the repeated appearance of a compressed spread is unusual. Analysts caution that a metric reaching its lowest point once can often be dismissed as random fluctuation, but when the same level is hit again, it is considered a notable pattern.
Sources
CryptoQuant: XRP Whale-Retail Gap Splits Across Exchanges
Crypto.news: XRP Whales Snap Up 70M Tokens as Exchange Reserves Hit New Low
NewsBTC: XRP Whale Vs. Retail Spread Just Hit A 2-Year Low
Jake Claver, a cryptocurrency analyst, recently outlined a series of macroeconomic developments that could significantly impact the price of XRP. Speaking on the “Good Evening Crypto” podcast hosted by Abs Nassif, Claver connected shifts in Japanese monetary policy, new US stablecoin legislation, and stock market tokenization as critical factors shaping the digital asset landscape.
Japanese monetary policy drives global flowsJapan is currently the second-largest foreign holder of US Treasuries, with reserves totaling $1.6 trillion. For years, investors leveraged the “yen carry trade,” borrowing yen at minimal interest rates and investing in higher-yielding US bonds. This strategy contributed to Japan’s vast accumulation of US debt.
However, rising interest rates in Japan and the maturing of large loan books, combined with renewed tensions in the Middle East that could disrupt oil supply, are beginning to reverse this trend. Claver argued that higher energy costs will likely increase Japanese inflation and prompt additional rate hikes, further raising the cost of borrowing yen and resulting in a stronger currency.
As conditions tighten, Japanese investors are starting to reduce their US Treasury positions, repatriating funds to yen and Japanese bonds. Claver cited sharp market volatility in August 2024, including a 13% single-day drop in the S&P 500, as evidence of what could occur if the carry trade continues to unwind on a larger scale.
Mini dictionary: Yen carry trade, a financial strategy where investors borrow Japanese yen at low interest rates and invest in higher-yielding assets in other countries, profiting from the interest rate differential.
XRP’s role amid legislative and market shiftsThe Genius Act, recently proposed in the US, aims to allow banks to use returning Treasuries as stablecoin reserves. Large investment banks facing unrealized losses might seek appreciating assets to balance their positions. Claver highlighted the risks posed by Bitcoin ETFs, noting that significant investments by pension and sovereign wealth funds make these instruments a potential trigger for broader market instability if Bitcoin’s price experiences a sharp drawdown.
A rapid decline in Bitcoin could force large institutional holders to sell, amplifying volatility and accelerating the transition toward real-time settlement in financial markets.
Discussion during the podcast highlighted that “deep changes in the global flow of funds, alongside the next generation of market infrastructure, could reset liquidity dynamics for digital assets such as XRP.”
Institutional adoption and the DTCC’s tokenization plansClaver noted that US stock market settlement has already moved to a T+1 model, and industry leaders are exploring distributed ledger technology for further upgrades. He referenced a conversation between the NASDAQ president and Ripple president Monica Long, where they discussed the use of blockchain solutions for the DTCC’s back-end clearing and reconciliation processes.
Ripple Prime, a service associated with XRP’s issuer Ripple, has been named as one of the 50 participants in the DTCC’s Industry Working Group. This group also includes major financial players such as Goldman Sachs, JPMorgan, BlackRock, Circle, and Ondo Finance. The DTCC is preparing for initial production trades of tokenized assets in July, with a broader rollout anticipated in October.
Mini dictionary: DTCC (Depository Trust & Clearing Corporation), a central clearinghouse that provides clearing and settlement services for US financial markets, is responsible for processing trillions of dollars in securities transactions every day.
InstitutionRole in DTCC Working GroupRipple PrimeDeveloping DLT-powered settlement for tokenized assetsGoldman Sachs, JPMorgan, BlackRock, Circle, Ondo FinanceIndustry participants in tokenization pilotCLARITY Act aims to reshape regulatory groundThe CLARITY Act, currently on the Senate Legislative Calendar, is designed to address regulatory ambiguities in digital asset classification. A vote is expected in the near future.
Claver argued that successful settlement of tokenized equities at scale will require significantly more liquidity. He expects that rising demand, combined with the effects of US and Japanese monetary policies and upcoming DTCC launches, could trigger a supply shock for XRP.
Claver outlined that, “with the yen carry trade unwinding, potential regulatory clarity coming through the CLARITY Act, and DTCC tokenization on the horizon, the setup for a major XRP price move is emerging.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Key Highlights Major XRP holders added 70 million tokens during the July 11–15 period, increasing total whale balances to 3.83 billion XRP. XRP reserves on Binance declined to 2.61 billion, marking the lowest point since February 2026. The digital asset trades around $1.11 while approaching resistance within a symmetrical triangle formation. Open interest in XRP futures climbed to $2.5 billion, featuring significant liquidation zones concentrated between $1.09 and $1.14. A new $800,000 XRP airdrop campaign for RLUSD holders was introduced by Binance, scheduled from July 17 to August 14. Trading activity shows XRP hovering around $1.11 following a greater than 5% bounce from its recent bottom near $1.05. This upward momentum has coincided with intensified purchasing from large-scale investors and declining token availability on major exchanges.
[[IMG_4]]XRP Price According to blockchain analytics from Santiment highlighted by cryptocurrency analyst Ali Martinez, addresses containing 1 million to 10 million XRP expanded their aggregate holdings from approximately 3.71 billion to 3.83 billion tokens during the four-day span between July 11 and July 15. This translates to nearly 70 million XRP absorbed by substantial holders within a single week.
Concurrently, XRP balances held on Binance decreased to 2.61 billion tokens, representing the platform’s lowest inventory level recorded since February 2026. Exchange holdings have contracted from more than 3 billion XRP observed in late 2025. Reduced exchange inventory typically indicates fewer tokens readily accessible for immediate sale, although this metric alone doesn’t ensure upward price movement.
Binance’s XRP Reserves Stabilize at Their Lowest Level Since February
“If this trend continues alongside improving demand, it could help ease selling pressure over the medium term.” – By @ArabxChain pic.twitter.com/THfjKcbIFD
— CryptoQuant.com (@cryptoquant_com) July 15, 2026
Favorable macroeconomic indicators from declining US inflation figures also bolstered overall cryptocurrency market sentiment. Latest consumer and producer inflation measurements diminished expectations for aggressive monetary tightening, contributing to XRP’s recovery from recent depressed levels.
Symmetrical Triangle Formation Highlights $1.12 Threshold Technical analysis of the 4-hour timeframe reveals XRP challenging the upper boundary of a symmetrical triangle structure. The downward-sloping resistance trendline converges near $1.12, while ascending support approaches the $1.06–$1.08 region. Successfully breaching above $1.12 could establish momentum toward $1.1843, representing the July 4 peak.
The 4-hour Chaikin Money Flow indicator registers 0.26, signaling positive capital inflows. The MACD histogram on the daily timeframe has shifted into positive territory at 0.0053. Nevertheless, the daily Relative Strength Index remains neutral at 49, and TradingView’s comprehensive technical aggregator currently assigns XRP/USD a neutral rating.
Market strategist DukesMarketAnalysis observed that purchasing activity has not yet achieved a decisive penetration above $1.12. “A confirmed breakout above this resistance level would substantially reinforce the bullish outlook,” the analyst commented.
Technical specialist Ali Charts indicated that the monthly timeframe displays a TD Sequential buy indication, while the hourly perspective shows XRP consolidating within a symmetrical triangle. He emphasized that surpassing $1.13 decisively could trigger a potential 20% advance targeting $1.35.
XRP: BREAKOUT AHEAD!?
The monthly chart is flashing a TD Sequential buy signal, while the hourly chart shows $XRP consolidating inside a symmetrical triangle.
A breakout above $1.13 could open the door to a 20% rally toward $1.35. https://t.co/LSkn4NoAWP pic.twitter.com/8LtBFkCSOE
— Ali Charts (@alicharts) July 16, 2026
Futures Market Creates Pressure Zones Near Current Price Action Information from CoinGlass indicates XRP futures open interest approaching $2.50 billion, reflecting a 2.65% increase during the past 24 hours. The liquidation heatmap for the same period reveals concentrated liquidity clustering between $1.117 and $1.13 immediately above present levels, with supplementary positioning around $1.14.
Beneath current trading levels, another liquidity concentration exists at $1.09–$1.10. Inability to maintain this zone could potentially expose underlying support structures near $1.06.
Additionally, Binance unveiled an $800,000 XRP distribution initiative targeting Ripple USD holders, operational from July 17 through August 14, allocating XRP weekly every Friday to qualifying participants across Binance Earn, Margin, and Futures platforms.
Crypto analyst and commentator Austin Hilton stated that XRP remains in the early stages of growth, projecting substantial long-term opportunities for investors. Hilton shared his perspective with followers on X, expressing confidence in XRP’s potential, even as cryptocurrency prices have recently improved across the market.
Positive market trends and macro outlookHilton emphasized the overall positive momentum observed in the digital asset market over the previous 36 hours, noting that Bitcoin, Ethereum, and XRP all delivered weekly gains. He suggested that although the price increases were limited, they signaled robust capital inflows and sustained market strength.
He identified easing US inflation data and a more favorable Federal Reserve stance as contributing factors. Citing the latest Consumer Price Index, Hilton said declining inflation could prompt the central bank to keep interest rates steady or even lower them, which he viewed as supportive for risk assets such as cryptocurrencies.
Hilton also pointed out that improving liquidity conditions may further reinforce digital asset performance in the coming months.
XRP’s differentiation and Ripple’s evolving ecosystemDiscussing his position on XRP specifically, Hilton highlighted that Ripple, the company behind XRP, is building financial infrastructure for international settlements rather than simply launching another blockchain token.
He explained that Ripple targets the cross-border payments market by facilitating rapid settlements, minimizing fees, and providing liquidity using XRP. Hilton remarked that many financial institutions have not yet rolled out comprehensive blockchain initiatives but are quietly exploring digital asset solutions while awaiting regulatory clarity.
Ripple has also been expanding through key acquisitions such as Hidden Road, Metaco, and Standard Custody. Hilton argued these moves reflect efforts to create a full-service financial ecosystem, enabling Ripple to deliver custody, brokerage, and payments services to institutional clients.
Mini dictionary: Ripple is a financial technology company developing payment and settlement infrastructure, best known for its use of the XRP Ledger and its role in enabling cross-border financial transactions.
Tokenization trends and long-term prospectsHilton also discussed the emergence of tokenized real-world assets, which include digital representations of stocks, bonds, and real estate, as a possible growth driver for Ripple and the XRP Ledger. He believes that developments such as Ripple’s RLUSD stablecoin, together with the network’s settlement speed and cost efficiency, enhance the prospects for wider blockchain adoption.
He estimated that, under these improving conditions, XRP could yield returns of 10x, 20x, or even 30x over a one to five-year period for long-term holders. Hilton insisted that this projection reflects a long-term investment thesis rather than a call for quick gains.
For long-term holders, Hilton considered XRP “just the beginning” and highlighted the possibility of a “20x–30x+ opportunity” given current macro trends and Ripple’s institutional partnerships.
Hilton cautioned, however, that cryptocurrency markets remain volatile and could experience another major correction before the next prolonged advance. He noted that historical Bitcoin cycles suggest the market may see an additional retracement before new highs are reached.
Should such a downturn occur, he projected a potential short-term retreat in XRP’s price to the $0.50–$0.60 range, attributing this decline to overall market sentiment rather than any fundamental weakness in the asset.
Hilton suggested that a sharp pullback would present an opportunity for accumulation, as he maintains a strong outlook for XRP’s long-term trajectory in the digital asset landscape.
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 has entered the same macro buy warning zone as Bitcoin, a development that marks the beginning of major multi-year accumulation windows.
This rare signal has often appeared near the start of multi-year accumulation periods, and this has led many market participants to believe the current phase could present an attractive entry point if the market follows its historical cycle.
XRP Rebounds After a Deep Correction Currently, XRP trades at around $1.12 after recovering slightly from the cycle low recorded in late June. The token briefly fell to $1.01, bringing it within touching distance of the important $1 psychological support level for the first time in about 19 months.
The decline completed a massive correction that erased more than half of XRP’s value from its cycle peak of $3.6, reached during the summer of 2025. Now, XRP has entered a buy warning zone similar to the one it slipped into in 2024 before the meteoric surge.
This structure began with the major pivot low of $0.3823 formed in July 2024. From there, XRP completed a five-wave rally amid stronger trading volume and a breakout above a Fibonacci extension level, pushing toward the $3.6 all-time high in July 2025.
However, from here, XRP has continued to correct. The latest pullback still looks like a normal correction, not the start of a new bearish trend, and seems similar to the same demand zone from July 2024.
XRP Slips Into Buy Warning Zone Notably, Bitcoin has also slipped into such buy warning zone. However, the current low has not yet produced the signals that have marked every major XRP bottom in the past.
A confirmed bottom would require a one-two-three-four-five impulse within about four weeks, rising trading volume throughout the move, and a close above the key Fibonacci level. Until these signals appear, the chances that XRP has already reached its cycle bottom remain lower.
Important Price Levels Remain in Focus The first major resistance level sits near the 0.382 Fibonacci retracement at about $1.18. Above that, the 20-period exponential moving average stands near $1.22, a level that has stopped every recent recovery attempt.
On-chain cost basis data also points to these areas as major resistance. About 22.8 million XRP sits between $1.18 and $1.19, while another 27.4 million XRP is concentrated between $1.21 and $1.22. That supply could make it more difficult for buyers to push prices higher.
Support remains just as important. XRP continues to hold above the $1 level, but a clear move below that price could open the door to a decline toward $0.80.
If the token falls below the 0.5 Fibonacci level near $1.02, attention could shift to the 0.618 Fibonacci level around $0.87. This area aligns with a stronger support zone where the next major market bottom could develop.
What Comes Next for XRP? Although XRP has entered the same macro buy warning zone as Bitcoin, the market still needs stronger confirmation before calling a major bottom. Traders should watch for rising trading volume, a breakout above the key Fibonacci level, and a complete five-wave impulse forming within about four weeks from the cycle low.
Every major XRP bottom has shown this combination of signals. Notably, analysts such as Casi and EGRAG Crypto still believe XRP could make one more lower low before the correction ends.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP is going through another deleveraging phase on Binance.
According to CryptoQuant author Darkfost, a key derivatives metric has dropped to one of its lowest levels since late 2024. A similar reset in 2024 preceded XRP’s 790% rally.
Binance Leverage Ratio Drops Near Multi-Month Low Darkfost said Binance’s Estimated Leverage Ratio (ELR), which measures leveraged futures positions relative to exchange reserves, has fallen to 0.16. It is now close to its April 2026 low of 0.15, making it one of the weakest leverage readings since November 2024.
Meanwhile, XRP has corrected by about 70% from its 2025 high of $3.65. This suggests traders have significantly reduced their leveraged exposure during the downturn.
The accompanying chart shows the ELR steadily moving toward the red support zone after peaking during XRP’s previous rally. At the same time, XRP’s price has retraced to around $1.10.
Lower Open Interest Points to a Healthier Market According to Darkfost, the falling leverage ratio is primarily due to shrinking futures positions. Liquidations during the correction have also contributed to the decline. As leveraged positions are closed, open interest falls, reducing speculative activity.
The analyst said this deleveraging phase is a healthy sign. Excessive leverage often makes markets more fragile and increases the risk of sharp price swings.
Similar to the 2024 Setup Darkfost compared the current setup to mid-2024, when XRP traded near $0.40 and spent months consolidating while Binance’s ELR dropped to around 0.05.
Following that leverage reset, XRP went on to rally more than 790% to over $3.60, with leverage gradually returning alongside rising prices. With XRP trading at $1.10 today, a repeat of this historical move would put the token’s price at approximately $9.80, close to the psychologically important double-digit level.
However, Darkfost emphasized that the current conditions do not guarantee another major rally. Instead, he said monitoring deleveraging cycles can help traders better understand changes in market structure and position themselves as speculative excess is gradually flushed from the system.
XRP Withdrawals Hit Five-Month High Meanwhile, XRP holders are moving more tokens off major exchanges, with withdrawals now outpacing deposits on Coinbase, Binance, and Bybit. CryptoQuant data shows that Coinbase recorded its strongest seven-day withdrawal trend since February this week. Withdrawals on Binance have also returned to February levels.
Despite the increase in exchange outflows, XRP’s price has remained stable near $1.10, suggesting the withdrawal trend has not yet translated into immediate price gains.
Analyst Amr Taha added that the data measures the number of deposit and withdrawal transactions—not the amount or value of XRP moved—making it a reflection of changing user behavior rather than capital flows.
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.
From ETF launches to major acquisitions - here's what happened in the past year in the Ripple ecosystem despite the token crash.
Remember last year? I mean, you should; it wasn’t all that long ago. From a crypto perspective, it brought some massive gains, crashes, records, intensity, adoption, and everything in between.
Numerous digital assets managed to break their previous all-time highs, including Ripple’s XRP. In fact, it took the token over seven years to do what many considered impossible just months prior.
Nevertheless, XRP pushed through, rocketed past $3.40, which was widely considered the all-time high at the time, and charted a new one at $3.65. Oh, and it did so precisely a year ago on this date, according to CoinGecko (some exchanges will show that it was on July 18, but it’s a matter of time difference).
The Next 12 Months The rally that began after the 2024 US presidential elections gave the Ripple bulls wings to make some major predictions. XRP’s ability to spike above $3.50 only strengthened their thesis, and massive forecasts began to drop left and right. The more modest ones set $5 as the next target, but the majority envisioned a mind-blowing surge into the low-double-digit price range.
If you have even remotely followed what took place in the following 12 months, you would know the reality was painfully different. XRP was almost immediately rejected. By early August, it had already dropped below $3, and even though it challenged the old ATH at $3.40 in the following weeks, it was evident that the momentum had faded.
The token managed to remain at around $3 until the notorious October crash, when it slumped to $1.60 on some exchanges and even to $1.10 on a few others. Although it quickly rebounded to $2.60, the chart below will clearly demonstrate its downfall in the following months, which included permanently losing the $2 support and even challenging the next major one at $1.
It still remains above that coveted line, but current data shows a 70% crash in exactly a year: from $3.65 to $1.08 as of press time. The question is: did something go wrong for XRP and Ripple, or is it just a classic bear-market correction?
You may also like: Binance XRP Reserves at Lowest Since February as Ripple Price Defends Key Support XRP and ETH Traders Turn Bullish as FOMO Surges to 5-Week High: Santiment 3 Years After The Key Ripple-SEC Ruling: How XRP Went From SEC Target to Institutional Asset XRPUSD July 17. Source: TradingView Ripple’s Moves Despite the XRP price nosedive, the company behind the asset has not stood still in the past year. Perhaps its biggest move was the acquisition of Hidden Road for $1.25 billion. Technically, it was announced prior to XRP’s ATH, but it was completed later that year, and Ripple Prime launched afterward.
The company also received initial approval to establish Ripple National Trust Bank and, most recently, full authorization in Europe by securing a MiCA license. The former allows it to build federally regulated banking infrastructure, while the latter enables it to offer regulated crypto payments, custody, liquidity, and XRP services across the EEA.
The firm has also initiated expansions in several other regions, including Australia, Singapore, Japan, and Brazil.
Last but definitely not least, the first XRP ETFs were greenlit in the US in November 2025, quickly becoming a fan favorite among investors.
Consequently, the past year could be described as one of the most successful fundamentally for Ripple. Yet, its native token has fallen by 70%, which begs the question of whether the market has yet to fully price in these developments.
Recent discussions surrounding the Depository Trust & Clearing Corporation (DTCC) and the XRP Ledger have sparked escalating claims within the crypto community. Market analyst MRCΛULIMΛN has responded, suggesting that both supporters and skeptics may be missing the broader implications of these developments.
DTCC’s Gradual Approach to TokenizationDTCC, a key facilitator of securities transactions in the United States, is not transitioning its entire operations to the XRP Ledger, nor has it dismissed blockchain integration outright. Instead, the corporation continues to focus on modernizing capital markets through the tokenization of assets—a process that involves introducing new technologies with caution and intentionality.
The modernization takes place through pilot programs, collaborative industry efforts, interoperability trials, and step-by-step production deployments rather than abrupt changes to existing infrastructure. This phased approach is in line with the organization’s longstanding reputation for stability and risk mitigation in processing trillions of dollars in securities each day.
Ripple, a fintech company best known for developing solutions around the XRP Ledger, has established a role within this transformation. Ripple Prime, through its involvement in the National Securities Clearing Corporation (NSCC), a DTCC subsidiary, and participation in DTCC’s Digital Assets Tokenization Working Group, has joined critical industry discussions with major banks, asset managers, and market service providers.
Mini dictionary: DTCC (Depository Trust & Clearing Corporation) is a US-based organization providing clearing, settlement, and information services for equities, corporate and municipal bonds, and other securities. It underpins much of the US financial market infrastructure.
DTCC functions like Wall Street’s highway system, serving as the backbone for processing immense volumes of securities transactions. Blockchain networks such as the XRP Ledger are gradually enhancing, rather than abruptly replacing, this infrastructure.
Evidence of Steady IntegrationInstitutional adoption of blockchain technologies tends to follow a gradual, multi-stage pathway. MRCΛULIMΛN emphasized that advancements in market infrastructure require lengthy verification, regulatory coordination, technological alignment, and only then, incremental implementation. Sweeping technology shifts are rare, with integration instead occurring through methodical industry partnerships and standardization efforts.
This perspective is shared by researcher SMQKE, who has pointed to the tokenization of real-world assets (RWA) as a major transformation in the financial sector. He cited DTCC’s processing of live trades involving DTC-tokenized assets as evidence that asset tokenization has moved beyond theoretical pilots into real trading environments.
Mini dictionary: Real-world asset (RWA) tokenization refers to the process of creating blockchain-based representations of physical or traditional financial assets, enabling easier trading, transfer, and settlement on digital platforms.
Tokenization has shifted from the experimental phase to actual deployment, as demonstrated by DTCC’s handling of production trades with digital assets.
XRP’s Role in DTCC’s FrameworkFurther reflecting this trend, XRP has now been incorporated into DTCC’s clearing and haircut framework. While this change does not signal that DTCC has selected XRP or the XRP Ledger as its core settlement network, it indicates that XRP is recognized within DTCC’s risk management practices.
The inclusion falls short of full integration, but it suggests a level of acknowledgment regarding the role digital assets may play in the future of securities infrastructure. Rather than clear-cut adoption or rejection, these steps highlight a measured approach where traditional and digital financial systems converge through steady collaboration.
In summary, the DTCC’s evolving relationship with blockchain and tokenization initiatives, including the participation of Ripple and the XRP Ledger, represents a broader industry move towards interoperability and transformation rather than immediate overhaul.
AspectDTCC StatusXRP/XRPL InvolvementCore Infrastructure MigrationNo migration underwayNot adopted as main networkPilot ProgramsOngoingRipple involved via Working GroupAsset TokenizationAdvanced, live trades processedXRP included in risk frameworkSettlement NetworkUses existing systemsXRP considered, not implementedDisclaimer: 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 rally prophet DonAlt says Bitcoin is at a turning point, making $61,000 the main line in the sand.
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Prominent crypto trader DonAlt, who accurately predicted XRP's 700% rally in 2024–2025, has returned with a technical analysis of the Bitcoin chart for mid-summer 2026. According to his assessment, the leading cryptocurrency has reached a turning point in its medium-term cycle, and its next move depends entirely on buyers' ability to defend a key support level.
Bitcoin is currently trading within the $62,500–$63,500 range, showing a local recovery impulse after the prolonged June decline. Nevertheless, DonAlt is urging market participants not to focus on short-term intraday fluctuations, but instead to pay attention exclusively to the monthly candle close, with the $61,000 threshold now acting as the main dividing line for the trend.
What a Drop Below $61,000 Means for BTC and XRPThe technical picture on the chart divides the end of July into two possible outcomes:
HOT Stories
Bullish case: A monthly close above $61,000 would confirm buyers' strength. A July close above this level — and the higher the better — would demonstrate that the market structure remains bullish and that the current accumulation phase could become the foundation for a new full-scale uptrend.Bearish case: A close at or below $61,000 would mean that the current price recovery should be classified as a "pity bounce" — a temporary corrective move before another wave of selling. Under this scenario, investors should prepare for a decline toward the next major strategic support zone near $45,000, which is clearly visible in Bitcoin's trading history.For XRP and the broader altcoin market, this verdict is no less important. Historically, major XRP moves have often occurred when Bitcoin was either stabilizing or rising confidently.
Bitcoin price outlook by DonAlt, Source: DonAlt via XIf BTC manages to hold above the $61,000 line and enters a consolidation phase, this could free up liquidity and create conditions for a local altcoin rally. Conversely, if Bitcoin falls toward $45,000, the prolonged decline of the market leader would drag XRP lower as well, erasing the token's attempts to consolidate near its local highs.
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Another market trigger at the end of the month will be the Federal Reserve's two-day meeting scheduled for July 28–29. The regulator's interest-rate decision and Jerome Powell's subsequent remarks will traditionally set the direction for all risk assets, including cryptocurrencies.
Bitcoin buyers need to defend the $61,000 level until the meeting outcome is announced in order to avoid a deeper correction in August.
XRP has entered the fifth and final stage of a multi-wave Elliott Wave pattern that started in late June, currently pointing to several short-term price targets.
Specifically, the pattern places the first target at $1.23062, while a stronger rally could push the price as high as $1.40.
At the time of writing, XRP is trading at $1.09810, up 0.05% on the day. Meanwhile, the 14-period Relative Strength Index (RSI) stands at 47.98, showing neutral momentum and suggesting the market still has room to move either higher or lower.
This Elliott Wave structure has formed on the 4-hour timeframe since XRP reached a low of $1.012 on June 26. Since then, the market has completed the first four waves of the pattern and has now moved into the middle of the fifth and final wave.
XRP Elliott Waves One to Three The current pattern began on June 26, when XRP dropped to $1.012 before quickly rebounding higher. The first wave lifted the price from that low to $1.07 by June 27.
Then, the second wave unfolded as an ABC correction across June 29 and June 30. During this phase, sub-wave A pulled XRP from $1.07 down to $1.03 by June 29.
Sub-wave B followed with a rebound to $1.076 later that same day. Finally, sub-wave C completed the correction by pushing the price back to $1.02 on June 30, marking the end of the larger wave two.
From here, wave three started at the $1.02 low and produced the strongest rally in the entire sequence. Specifically, XRP climbed to $1.18 by July 4, gaining $0.16, or about 15.7%, from the bottom of the wave to its peak.
XRP 4h Elliott Wave This $1.18 level remains the highest point reached during the current Elliott Wave structure and now acts as the level that the fifth wave needs to move above to reach its projected targets.
Wave Four Leads to an XRP Correction After reaching $1.18, XRP entered wave four, which represented the most detailed correction in the entire pattern. This phase completed both a standard ABC correction and an internal five-sub-wave structure at the same time.
Within the ABC pattern, sub-wave A pulled the price from $1.18 down to $1.12. Sub-wave B then lifted XRP back to $1.16, while sub-wave C finished the correction by bringing the price down to $1.06 on July 13.
At the same time, the internal five-wave structure within wave four also ended at $1.06 on July 13, with the fifth internal sub-wave marking the end of the correction.
Short-Term XRP Price Targets Wave five began from the $1.06 low and now forms in five sub-waves. The first sub-wave lifted XRP from $1.06 to $1.13 by July 15 before the market entered the current second sub-wave correction. The pullback has taken the price back to around $1.09 at press time, a decline of about $0.04 from the $1.13 high.
The $1.09 area has now become an important support zone because it closely matches the horizontal reference level at $1.09957.
As long as XRP holds above this area, the current fifth-wave structure remains valid. However, if the price falls below the wave four low of $1.06, the bullish Elliott Wave count would no longer apply, and a more bearish outlook would become the leading scenario.
If the correction around $1.09 ends as expected, the next move could take XRP to $1.17 during sub-wave three. That could be followed by a pullback to $1.14 in sub-wave four before the final fifth sub-wave targets the 1.0 Fibonacci extension at $1.23062.
If buying momentum continues after that, the next upside target sits at the 1.618 Fibonacci extension of $1.33924. Under the strongest bullish scenario, the current fifth-wave structure could extend to $1.40.
While the bullish Elliott Wave count remains the main outlook, the same price action also supports a valid bearish interpretation without breaking any of Elliott Wave theory’s main rules. Under that view, the current structure could still lead to another move lower instead of continuing higher.
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.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) came under renewed selling pressure during the second half of the week after staging a modest recovery earlier in the week. BTC trades below $63,600 on Friday, while ETH slips below $1,860 after facing rejection at key resistance levels. Meanwhile, XRP continues to hold above a crucial support zone, keeping its recovery outlook intact.
Bitcoin extends correction after facing rejection from 50-day EMABitcoin price trades at $63,557 on Friday, retaining a bearish near-term bias as it holds beneath the key exponential moving averages (EMAs). BTC is capped first by a nearby horizontal resistance at $64,004, followed by the 50-day EMA at $65,039, while the 100-day and 200-day EMAs at $68,339 and $74,359 sit higher overhead, reinforcing the downside skew.
The Relative Strength Index (RSI) around 50 hints at neutral momentum, and the Moving Average Convergence Divergence (MACD) remains positive but fading, suggesting that bullish attempts are losing traction under these structural ceilings.
On the topside, immediate resistance is seen at the horizontal level of $64,004, ahead of the 50-day EMA at $65,039, which forms the next cap for any recovery attempt. Above there, the 100-day EMA at $68,339 and the 200-day EMA at $74,359 define a broader resistance band, with a more distant horizontal barrier at $84,410 marking a medium-term upside objective only if the pair can reclaim and hold above the clustered moving averages. With no nearby technical supports defined in this dataset, any pullback from current levels would leave price reliant on emerging demand rather than established chart floors.
Ethereum fails to close above the 100-day EMAEthereum price trades at $1,852 on Friday, holding above the 50-day EMA at $1,811 while still capped below the 100-day EMA at $1,943. This alignment hints at a neutral-to-bullish near-term bias, with price trying to build a base but facing a broader corrective structure under the higher EMAs at $1,943 and $2,188. The RSI at 58 stays in positive territory without being overbought, while the MACD remains above zero but is easing, suggesting that upside momentum is constructive yet not aggressive.
On the topside, immediate resistance emerges at the 100-day EMA near $1,943, followed by the horizontal barrier at $2,000, before the longer-term 200-day EMA at $2,188 reinforces a broader supply zone.
On the downside, initial support is seen at the 50-day EMA at $1,811, with a deeper structural floor only coming in at the horizontal level around $1,385. As long as ETH holds above the 50-day EMA, dips are likely to attract buying interest, but a sustained break above $1,943 would be needed to unlock a more decisive bullish phase toward the $2,000 region.
XRP support holds strongXRP trades at $1.09 on Friday, keeping a bearish near-term bias as price remains decisively below the 50-day, 100-day and 200-day EMAs at $1.15, $1.24 and $1.45, respectively. XRP remains within a broader downward channel, with spot trading above the channel top near $1.03. The RSI at 45 sits in neutral territory, while the MACD is marginally positive, hinting at modest stabilization rather than a sustained bullish reversal, with these key EMAs capping the topside.
On the downside, immediate support is clustered around the channel top at $1.03, a key level that could prevent a deeper slide in the prevailing downtrend.
On the topside, initial resistance emerges at the 50-day EMA at $1.15, followed by the 100-day EMA at $1.24 and the horizontal barrier at $1.30; above there, the 200-day EMA at $1.45 and the distant horizontal line at $1.90 define a broader supply zone that would only come into play if XRP can decisively break out of its current bearish structure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Key Highlights TKNZ represents T. Rowe Price’s inaugural actively managed spot cryptocurrency ETF, now trading on NYSE Arca Initial assets total approximately $15 million, distributed across Bitcoin, Ethereum, BNB, Solana, XRP, and Hyperliquid Portfolio composition features Bitcoin as the largest holding at 40.75%, while Hyperliquid comprises 6.45% Expense ratio stands at 0.75% until May 2027, subsequently increasing to 0.90% Active management strategy allows portfolio adjustments based on ongoing market analysis and research insights Baltimore-headquartered investment powerhouse T. Rowe Price, which manages $1.9 trillion in client portfolios, made its official debut in the cryptocurrency exchange-traded fund space Thursday by introducing TKNZ — positioned as the market’s inaugural actively managed multi-asset digital currency ETF.
🚨JUST IN: T. Rowe Price’s TKNZ Active Crypto ETF began trading TODAY with about $15 million in assets.
The fund debuted with about 41% allocated to BTC, 18.4% to ETH, and sizeable positions in BNB, SOL, and XRP.
Hyperliquid’s HYPE accounted for nearly 6.5% of the portfolio. https://t.co/zTh1kq8ATD pic.twitter.com/YNcMtRQbD1
— Coin Bureau (@coinbureau) July 16, 2026
Trading commenced on NYSE Arca following a nearly nine-month approval process after the company submitted its initial application in October 2025. The fund opened with roughly $15 million in starting capital.
Distinct from single-asset offerings such as standalone Bitcoin or Ethereum ETFs, TKNZ provides exposure through a diversified cryptocurrency portfolio. The initial allocation breakdown showed Bitcoin commanding 40.75%, Ethereum at 18.42%, BNB representing 11.01%, Solana accounting for 9.44%, XRP at 9.37%, and Hyperliquid comprising 6.45%.
Additional holdings feature Stellar Lumen at 3%, Dogecoin at 1.28%, along with a modest cash reserve.
Dynamic Portfolio Management Defines Strategy TKNZ’s distinguishing characteristic lies in its active management framework. Fund managers possess the flexibility to rebalance holdings according to evolving market dynamics, proprietary analysis, and risk evaluation rather than adhering to a predetermined index structure.
According to T. Rowe Price, this methodology aims to capitalize on shifting momentum patterns as capital flows between various digital assets throughout market cycles.
Blue Macellari, who has directed T. Rowe Price’s digital asset division since 2022, manages the fund with support from four additional co-portfolio managers. The organization developed proprietary digital asset trading systems and established partnerships with institutional service providers ahead of the product launch.
Bloomberg Intelligence Senior ETF analyst Eric Balchunas observed that the opening portfolio composition appeared to underweight Bitcoin while maintaining heavier positions in alternative assets, especially Hyperliquid.
Hyperliquid Allocation Generates Market Interest The 6.45% allocation to Hyperliquid has captured attention considering the token’s recent market trajectory. Hyperliquid reached a peak price around $74.50 in the previous month and presently trades near $65.60, representing approximately 38% appreciation over the trailing twelve months. Bitcoin, conversely, has declined roughly 45% during the identical timeframe.
According to fund documentation, the ETF will not implement staking for any proof-of-stake assets initially, though staking participation may be incorporated down the line.
The expense structure is set at 0.75% through May 2027 via a provisional fee waiver, before escalating to 0.90%. Detractors of actively managed investment vehicles typically cite elevated fees as a disadvantage relative to passive index alternatives.
T. Rowe Price’s entrance follows BlackRock’s recent introduction of a Bitcoin income ETF earlier this month, demonstrating that major asset management firms continue diversifying and refining their cryptocurrency product portfolios.
With nearly 90 years of asset management history, TKNZ represents T. Rowe Price’s maiden direct exposure vehicle in the digital currency sector.
Leading cryptocurrencies fell alongside stocks on Thursday as the chip selloff and Iran tensions impacted risk appetite.
Crypto Market Breaks LowerBitcoin retreated to the $63,000 zone after consolidation, while Ethereum tumbled to an intraday low of $1,848. XRP and Dogecoin also edged lower.
More than $320 million in cryptocurrency positions were liquidated over the past 24 hours, including $276 million in bullish long positions, according to Coinglass data.
Bitcoin’s open interest fell 2.73% over the last 24 hours. That said, smart money sentiment on Binance, which refers to the collective outlook and capital allocation of institutional investors, remained “Bullish.”
Market sentiment switched from “Extreme Fear” to “Fear,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.22 trillion, representing a slight increase of 0.14% over the last 24 hours.
Stock Market Spooked After Chip SelloffStocks sold off sharply on Thursday. The Dow Jones Industrial Average lost 105.67 points, or 0.20%, to close at 52,552.97. The S&P 500 fell 0.51% to end at 7,533.77, while the tech-heavy Nasdaq Composite shed 1.47% to settle at 25,881.95.
In other news, White House Press Secretary Karoline Leavitt said Iran “very much continues to talk” and expressed willingness to make a deal with the U.S.
Where Are BTC, ETH Headed?Michaël van de Poppe, a popular cryptocurrency commentator, maintained a bullish stance on Bitcoin, stating that despite a recent correction, it looks primed for “upside momentum.”
“Clear breakthrough above $65,000, and we’re still going to see a strong run,” Van De Poppe added.
Ali Martinez, a widely followed cryptocurrency analyst and trader, said that Ethereum has reclaimed the 0.8 Market Value to Realized Value Pricing Band as support. This key level has preceded strong rallies in the past.
“If history rhymes once again, the next key level to watch is the Realized Price at $2,24,” Martinez stated.
Photo: KateStock / Shutterstock
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In brief Bitcoin cleared $65K and Ethereum surged nearly 6% this week on softer inflation data. Thursday's pullback is orderly—most top 50 coins are off less than 3%, with Ondo the sole standout at +14%. XRP is trading at $1.10, down 0.54%, with an overall indicator score of -42% and a confirmed death cross on the daily chart. XRP's biggest near-term catalyst—a Senate floor vote on the Clarity Act—has slipped past July 4 and now looks likely to land in late July or August at the earliest. Markets are taking a breath Thursday after one of the cleaner macro-driven crypto pumps of 2026. The June Consumer Price Index fell 0.4%—the steepest single-month drop since April 2020—collapsing Fed rate hike odds for July from 31% to single digits, lifting equities, and giving crypto a reason to run.
Wall Street delivered too: Goldman Sachs, JPMorgan, Morgan Stanley, and Citi all posted Q2 earnings that beat expectations. As Decrypt covered Tuesday, Bitcoin broke the $64K resistance that had capped it for weeks. Ethereum went further—nearly 6% in a single day, touching $1,900.
Today's dip, with most top 50 coins off less than 3%, is consolidation. Ondo is the one exception, up over 14% and leading the entire top 100 by market capitalization on tokenization momentum.
But not everyone is breathing hopium: XRP's version of the rally was underwhelming. The coin created by Ripple co-founders opened Thursday at $1.11257, touched a high of $1.11722, and is now at $1.10650—down 0.54%. It didn't crash. But it didn't run either, not during the good days and not even now when the comparison is flattered by a market that's already pulling back.
Overall, XRP failed to break the price resistance set by the Crypto Winter (the dotted line) when it was time. Now that markets are slowing down, the XRP Army doesn’t look as optimistic as other altcoins.
XRP price data. Image: TradingviewWhy? When money cautiously re-enters crypto after a risk-off period, it doesn't spread evenly. Bitcoin absorbs it first. Ethereum goes next—and ETH historically leads broader crypto recoveries, which is exactly what happened this week.
Overall, Ethereum looks more bullish than Bitcoin in the short term. It suffered a more painful crash, which explains why the recovery may have stronger momentum.
XRP price data. Image: TradingviewThe Altcoin Season Index at 45 (below 50 signals BTC/ETH dominance) confirms capital hasn't rotated down the risk curve to altcoins yet. That dynamic was visible in early July too: When a $602 million short liquidation event sent Bitcoin back toward $62K, XRP managed just 3% while Ethereum and Solana nearly doubled that move.
The other missing piece is XRP's own. The Clarity Act—U.S. legislation that could classify XRP as a commodity and unlock institutional ETF demand—missed its expected July 4 Senate floor vote. Without a date on the calendar, XRP is trading on macro sentiment alone—and losing that fight to Ethereum.
XRP price: Running out of Fibonacci roomXRP opened today’s candlestick at $1.11 and is currently trading hands at $1.10, with a market cap of roughly $69 billion, for a small dip of half a percent. Ripple’s token is currently testing a weak support zone of its most recent bearish leg—a move that ran from $1.18 down to $1.05.
That puts price at a decision point: hold here and push for $1.13, or lose the $1.08 level and reopen the path toward $1.06 and the critical $1.02 floor.
XRP price data. Image: TradingviewThe ADX—Average Directional Index—reads 13.3, well below the 25 threshold that confirms a real trend is in place. ADX measures trend strength on a 0–100 scale, direction agnostic. Think of a car running in neutral: The engine's on but going nowhere. Below 20 is the range traders associate with choppy, directionless markets where false breakouts are common. There is one mildly hopeful read: The directional indicator is shifting from DI- (bearish dominance) toward DI+ (bullish dominance). At ADX 13.3, though, "shifting" is doing a lot of heavy lifting.
The Exponential Moving Averages—or EMAs, which give traders a view of price trends over time—tell the clearest story. The average price of the last 50 days is trading well below the average price of the last 200 days in a formation called the death cross.
A death cross is the most widely recognized bearish trend signal in crypto, and XRP has been stuck in it since its slide from the $3.65 all-time high set in July 2025. As Decrypt reported on Tuesday, Bitcoin is fighting its own death cross right now. For XRP, there's no sign yet of the two averages beginning to converge.
The RSI—Relative Strength Index, a 0–100 momentum gauge where above 70 is overbought and below 30 is oversold—sits at 48.5. Right in the middle, no pressure in either direction. The Squeeze Momentum indicator is “off” with a momentum reading of 0.81v: slightly positive but weak—enough to say energy is building, not enough to say where it's going. Looking at the charts, it seems XRP may soon flash signals of price compression. Whether it breaks up or down will likely depend on Bitcoin holding $64K and news out of the Senate on the Clarity Act schedule.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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In brief Bitcoin cleared $65K and Ethereum surged nearly 6% this week on softer inflation data. Thursday's pullback is orderly—most top 50 coins are off less than 3%, with Ondo the sole standout at +14%. XRP is trading at $1.10, down 0.54%, with an overall indicator score of -42% and a confirmed death cross on the daily chart. XRP's biggest near-term catalyst—a Senate floor vote on the Clarity Act—has slipped past July 4 and now looks likely to land in late July or August at the earliest. Markets are taking a breath Thursday after one of the cleaner macro-driven crypto pumps of 2026. The June Consumer Price Index fell 0.4%—the steepest single-month drop since April 2020—collapsing Fed rate hike odds for July from 31% to single digits, lifting equities, and giving crypto a reason to run.
Wall Street delivered too: Goldman Sachs, JPMorgan, Morgan Stanley, and Citi all posted Q2 earnings that beat expectations. As Decrypt covered Tuesday, Bitcoin broke the $64K resistance that had capped it for weeks. Ethereum went further—nearly 6% in a single day, touching $1,900.
Today's dip, with most top 50 coins off less than 3%, is consolidation. Ondo is the one exception, up over 14% and leading the entire top 100 by market capitalization on tokenization momentum.
But not everyone is breathing hopium: XRP's version of the rally was underwhelming. The coin created by Ripple co-founders opened Thursday at $1.11257, touched a high of $1.11722, and is now at $1.10650—down 0.54%. It didn't crash. But it didn't run either, not during the good days and not even now when the comparison is flattered by a market that's already pulling back.
Overall, XRP failed to break the price resistance set by the Crypto Winter (the dotted line) when it was time. Now that markets are slowing down, the XRP Army doesn’t look as optimistic as other altcoins.
XRP price data. Image: TradingviewWhy? When money cautiously re-enters crypto after a risk-off period, it doesn't spread evenly. Bitcoin absorbs it first. Ethereum goes next—and ETH historically leads broader crypto recoveries, which is exactly what happened this week.
Overall, Ethereum looks more bullish than Bitcoin in the short term. It suffered a more painful crash, which explains why the recovery may have stronger momentum.
XRP price data. Image: TradingviewThe Altcoin Season Index at 45 (below 50 signals BTC/ETH dominance) confirms capital hasn't rotated down the risk curve to altcoins yet. That dynamic was visible in early July too: When a $602 million short liquidation event sent Bitcoin back toward $62K, XRP managed just 3% while Ethereum and Solana nearly doubled that move.
The other missing piece is XRP's own. The Clarity Act—U.S. legislation that could classify XRP as a commodity and unlock institutional ETF demand—missed its expected July 4 Senate floor vote. Without a date on the calendar, XRP is trading on macro sentiment alone—and losing that fight to Ethereum.
XRP price: Running out of Fibonacci roomXRP opened today’s candlestick at $1.11 and is currently trading hands at $1.10, with a market cap of roughly $69 billion, for a small dip of half a percent. Ripple’s token is currently testing a weak support zone of its most recent bearish leg—a move that ran from $1.18 down to $1.05.
That puts price at a decision point: hold here and push for $1.13, or lose the $1.08 level and reopen the path toward $1.06 and the critical $1.02 floor.
XRP price data. Image: TradingviewThe ADX—Average Directional Index—reads 13.3, well below the 25 threshold that confirms a real trend is in place. ADX measures trend strength on a 0–100 scale, direction agnostic. Think of a car running in neutral: The engine's on but going nowhere. Below 20 is the range traders associate with choppy, directionless markets where false breakouts are common. There is one mildly hopeful read: The directional indicator is shifting from DI- (bearish dominance) toward DI+ (bullish dominance). At ADX 13.3, though, "shifting" is doing a lot of heavy lifting.
The Exponential Moving Averages—or EMAs, which give traders a view of price trends over time—tell the clearest story. The average price of the last 50 days is trading well below the average price of the last 200 days in a formation called the death cross.
A death cross is the most widely recognized bearish trend signal in crypto, and XRP has been stuck in it since its slide from the $3.65 all-time high set in July 2025. As Decrypt reported on Tuesday, Bitcoin is fighting its own death cross right now. For XRP, there's no sign yet of the two averages beginning to converge.
The RSI—Relative Strength Index, a 0–100 momentum gauge where above 70 is overbought and below 30 is oversold—sits at 48.5. Right in the middle, no pressure in either direction. The Squeeze Momentum indicator is “off” with a momentum reading of 0.81v: slightly positive but weak—enough to say energy is building, not enough to say where it's going. Looking at the charts, it seems XRP may soon flash signals of price compression. Whether it breaks up or down will likely depend on Bitcoin holding $64K and news out of the Senate on the Clarity Act schedule.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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Updated figures from the XRP Ledger have revealed that the amounts required to join the upper tiers of XRP holders have recently declined, drawing new attention to the network’s rich list. Crypto commentator BagMan, known online as @XRPBags, shared the latest distribution data and highlighted how the threshold for attaining elite status among XRP holders is now more accessible.
Current thresholds for top XRP holdersThe latest data shows that to be ranked among the top 10% of XRP holders, a wallet currently needs at least 2,155.87 XRP. This represents a decrease from the 2,161.81 XRP required at the beginning of July. The threshold for the top 5% now sits at 7,507.39 XRP, while entering the top 1% tier requires holding 45,000 XRP.
XRP is a digital asset developed by Ripple Labs, a company focused on facilitating fast, low-cost global payments. The XRP Ledger is a decentralized blockchain that supports XRP transactions across its network.
BagMan stated that these figures indicate more wallets have reached the previously higher thresholds, causing the bar for entry into each group to drop.
BagMan pointed out that the XRP rich list numbers are “falling again”, meaning that the barrier to entry among top-tier holders has become somewhat less steep compared to earlier in the month.
Below is a table summarizing the current XRP requirements for each major holder tier:
TierXRP RequiredApprox. USD Value (at $1.10/XRP)Top 10%2,155.87$2,371Top 5%7,507.39$8,258Top 1%45,000$49,500Top 0.5%80,203.15$88,223Top 0.2%159,385.33$175,324Top 0.1%277,098.12$304,808Top 0.01%3,714,074.61$4,085,482Dollars needed for each tierAt XRP’s current market price of $1.10, reaching the top 10% bracket would set an investor back about $2,371. Entry to the top 5% requires approximately $8,258, while securing a spot among the top 1% demands about $49,500. Higher tiers such as the top 0.5% and 0.1% require $88,223 and $304,808, respectively. The elite 0.01%, which comprises only 800 wallets, requires a minimum of 3.7 million XRP—equivalent to over $4 million per wallet at today’s prices.
Mini dictionary: XRP Ledger, a decentralized public blockchain for XRP transactions, operated independently of Ripple Labs.
XRP’s ownership distribution remains concentratedStatistics show that ownership of XRP continues to be heavily concentrated among a small number of wallets. About 79,985 accounts hold enough to be counted in the top 1%, with the top 0.1% consisting of just under 8,000 accounts. The exclusive 0.01% covers less than 1,000 wallets.
Recent data indicate that over 74% of all circulating XRP is controlled by wallets that hold more than 1 million coins. Analysts note that this high concentration gives large holders considerable influence over the token’s distribution within the ecosystem.
Recent figures suggest that more than 74% of XRP’s circulating supply is accumulated in wallets with over 1 million XRP, highlighting the dominance of large holders in the network.
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 showing a significant divergence in trading patterns between major investors and retail participants across cryptocurrency exchanges, as recent on-chain data highlights contrasting behaviors within the market.
Whale-retail activity on Binance aligns with May levelsData provided by CryptoQuant, a leading crypto analytics platform, reveals that the gap between whale and retail trading in XRP on Binance has narrowed sharply, reaching 35.1% as of July 16. This level closely tracks the 35.6% mark observed on May 3, indicating a return to dynamics seen two months ago.
With XRP trading close to the $1.1 range, the Whale vs. Retail Gap on Binance stands at its lowest in about two months, mirroring early May results.
The Whale-Retail Spread metric measures the behavioral differences between large-scale traders, commonly referred to as whales, and smaller retail traders. A declining gap generally signals that both groups are executing similar trading strategies, potentially indicating higher market consensus on the platform.
On Binance, this narrowing spread points to a period of convergence, with whales and retail traders acting in a more synchronized manner compared to previous periods when their strategies diverged more prominently.
CryptoQuant is recognized for delivering on-chain and market data insights to digital asset investors, traders, and institutions globally.
Mini dictionary: Whale vs. Retail Gap — A metric comparing the activity of large holders (whales) versus smaller, individual investors (retail) for a particular crypto asset. The percentage difference indicates whether these groups are trading in tandem or displaying divergent behaviors.
Broader market reveals widening whale-retail spreadWhile Binance is seeing convergence, the Whale vs. Retail Gap for XRP remains considerably more pronounced across other exchanges. The gap across the broader market stands at 38.4%, up from 26% on May 6. This marks a substantial increase, signaling growing divergence in trading activity between large and small traders outside Binance.
This higher gap suggests that whales and retail traders on other platforms are not acting in unison. An increasing spread usually points to whales adopting markedly different strategies—such as significant buying or selling—while retail traders may be moving in the opposite direction.
Analysts point out that although the exact intentions of whales are unclear, sharp rises in the Whale-Retail Spread often signal impending price volatility or major shifts in market sentiment.
ExchangeWhale vs. Retail Gap (May)Whale vs. Retail Gap (July 16)Binance35.6%35.1%Other Exchanges (Aggregate)26%38.4%Market participants are closely tracking these developments, as significant differences in trading behavior between exchange platforms may precede notable moves in the price and liquidity of XRP.
The persistently high gap outside Binance shows that whales and retail traders are adopting different positions, with on-chain metrics indicating a marked divergence since early May.
Overall, these trends underscore the evolving dynamics of XRP markets, with Binance reflecting more harmony between whales and retail traders, and the wider market displaying the opposite.
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 Depository Trust & Clearing Corporation (DTCC), the primary clearing and settlement provider for U.S. securities and custodian of $114 trillion in assets, has advanced its tokenization initiative into live production. This marks a significant milestone in the modernization of U.S. financial infrastructure, bridging the gap between traditional and digital assets.
DTCC’s tokenization strategy enters live operationOn July 15, DTCC confirmed that live production trading had commenced for tokenized versions of Russell 1000 stocks, major exchange-traded funds (ETFs), and U.S. Treasuries. More than 30 firms participated in these trades, bringing together established banking institutions and digital market leaders in a landmark demonstration of cross-industry collaboration.
The full commercial launch of the platform is expected to occur in October 2026. DTCC’s media outreach distilled the initiative’s progress in four words: “From experimentation to production.” The step signals a decisive move beyond pilot programs and towards large-scale adoption of blockchain-based solutions within financial markets.
DTCC’s transition from test phase to live production covers a broad range of assets and includes over 30 participating firms, aligning established financial entities with digital market innovators.
The company’s approach centers on integrating tokenized assets into established clearing rails, aiming to improve speed, transparency, and efficiency across the trading ecosystem.
Nadine Chakar leads DTCC’s digital agendaNadine Chakar, Managing Director and Global Head of DTCC Digital Assets, has played a pivotal role in the institution’s transition to digital securities and tokenization at scale. In December 2025, the Securities and Exchange Commission (SEC) granted DTCC a no-action letter, enabling the firm to tokenize institutional-grade assets spanning the Russell 1000, top ETFs, and government securities without requiring immediate legislative clarity under the CLARITY Act.
Chakar described the milestone as “just the beginning,” emphasizing that July 15 marks the shift from strategic planning to real-world execution for DTCC’s roadmap.
Mini dictionary: No-action letter, a formal assurance from the SEC that it will not take enforcement action against an entity’s actions, provided certain guidelines are followed.
Ripple’s integration and Prime brokerage ambitionsRipple Prime, a subsidiary formed after Ripple’s acquisition and rebranding of Hidden Road in April 2025, now holds membership in DTCC’s 50-firm Industry Working Group. This group also includes influential names such as Goldman Sachs, JPMorgan, and BlackRock. As part of its integration, Ripple Prime has gained direct access to DTCC’s clearing network, setting the stage for elevated participation in future developments.
With the October launch, Ripple Prime is positioned to connect tokenized assets settled via DTCC with the XRP Ledger’s liquidity pools as service expansion continues globally. The infrastructure to bridge traditional securities with the blockchain is moving from concept to operational reality.
Mini dictionary: Ripple Prime, the prime brokerage and institutional trading division of Ripple, enables advanced access to market infrastructure and clearing services for digital and tokenized assets.
InitiativeAsset CoverageGo-live DateDTCC TokenizationRussell 1000, ETFs, TreasuriesJuly 15, 2026 (pilot), October 2026 (full launch)Ripple Prime x DTCC PartnershipInstitutional digital assetsApril 2025 (acquisition), October 2026 (full launch)The XRP community responded quickly to DTCC’s announcements, filling official social channels and related content with discussion and analysis. Enthusiasts highlighted DTCC’s video on tokenization, noting the prominent presence of XRP advocates and interpreting it as an acknowledgment of Ripple’s longstanding involvement in the system.
Observers within the XRP community emphasized that July 15 marks a transition point, as tokenized assets move from experimental pilots to industry adoption across more than 50 organizations.
A number of posts emphasized the scale, describing the shift as “the moment the roadmap becomes reality” and underscoring the significance of 24/7 on-chain settlement for major asset classes.
Looking ahead to October 2026With the October rollout, Ripple Prime will gain unprecedented access to settlement infrastructure, with the opportunity to merge DTCC-handled assets and XRP Ledger liquidity on a global level. Industry leaders say the technology is now operational rather than theoretical, positioning the sector for accelerated innovation in securities clearance and tokenized trading.
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.
Have the largest XRP holders just sent a signal that the market has not yet fully integrated? While cryptos are evolving in a climate of uncertainty, a closely monitored on-chain indicator by analysts has just shifted on Binance to its lowest level in two months. Behind this movement, there may be a strategic change among whales, those investors capable of influencing trends. Imminent selling, simple redistribution, or preparation of a new cycle? The data opens several leads.
In brief The flow gap between XRP whales and small holders on Binance collapses to its lowest level in two months. The Whale vs. Retail Spread indicator stagnates at 88.3%, confirming that this market rebalancing is long-lasting. Despite the drop in XRP price, massive deposits on Binance dry up, a sign that large investors firmly keep their tokens off platforms. This scarcity of available supply on exchanges makes the order book very sensitive to the slightest buying wave. A historic reduction in the gap between whales and retail on Binance While XRP ETFs have just recorded a strong outflow, recent analyses of the withdrawal flow structure of Ripple’s crypto on Binance reveal an unprecedented mutation in market dynamics. According to data provided by the blockchain analytics platform CryptoQuant, the key metric called “Binance Whale vs. Retail Spread” indicates several major factual changes :
A drop in the activity gap : the difference between withdrawals over 10,000 XRP (belonging to whales) and those below this threshold (belonging to retail investors) has fallen to a level of 88.3 % ; The historic contrast : this number marks a sharp decline compared to periods of intense activity at the end of 2025 and early 2026, when this metric regularly fluctuated between 92 % and 94 % ; A lasting transformation : the low gap level appearing twice in the same month establishes that this change is structural rather than momentary, ruling out the hypothesis of a simple temporary technical anomaly. This decrease in the relative dominance of large holders shows a temporary rebalancing of powers on one of the biggest global exchanges. While whales continue to represent the absolute majority of outgoing flows in volume, their hegemony temporarily weakens in face of the constancy of small investors.
This unexpected alignment of behaviors between different categories of holders constitutes an extremely rare event for XRP on Binance, potentially signaling a paradigm shift in token distribution in the short and medium term.
Fewer deposits on Binance : towards a scarcity of XRP supply? Beyond withdrawal flows, the analysis of XRP deposits to Binance shows an equally marked trend linked to the slowdown in the activity of large holders. Large transfers, especially those exceeding one million XRP, have recorded a significant volume decrease compared to previous years.
Unlike historical correction phases where panicked investors flooded exchanges to liquidate their positions, the recent drop of the XRP price below $1.15 was not accompanied by a massive influx on Binance. Such drying up underscores that whales deliberately choose to keep their assets off traditional exchange platforms.
Analysts believe this decrease in inbound flows on Binance reflects increased long-term confidence by large XRP holders, strengthened by the arrival of new institutional financial products. Thus, data show that nearly 68% of the total XRP supply is firmly held by long-term investors who refuse to capitulate despite downward market pressure. As the technical analysis by CryptoQuant summarizes: “if inbound flows to Binance remain moderate, the supply available for sale could continue to decline. Combined with a rebound in demand, this would facilitate XRP’s return to the $1.8 to $2.0 range.”
Towards a liquidity shock or a lasting consolidation? This dynamic of scarcity of supply available for sale on trading platforms could have significant medium-term repercussions. On the market structure front, the decrease in immediate liquidity on Binance makes the order book more sensitive, meaning that any return of buying pressure could trigger a quick and violent price increase.
However, investors must contend with a general decrease in overall on-chain activity and a slowdown in transaction volumes across the network. Thus, the outcome of this silent consolidation phase will depend on the market’s ability to generate a new demand catalyst to break investors’ waiting stance.
Moreover, XRP’s trajectory will depend on resolving this divergence between the inactivity of whales and the resilience of small investors. On one side, proponents of an imminent rise consider that this withdrawal in exchange flows to private wallets reduces the risk of a massive sell-off in the short term. On the other, more cautious analysts warn that in the absence of clear institutional buying volumes, the absence of whales could simply extend a phase of price monotony, while crypto has just slipped behind BNB.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The price of XRP, the native token of the Ripple payment protocol, has shown signs of renewed strength as it reclaims key support levels, while indicators suggest traders are closely monitoring the $1.12 resistance zone for a possible breakout. Recent technical momentum, a decline in exchange reserves, and steady accumulation by large holders have improved the short-term outlook, though the broader trend remains undetermined.
XRP price holds key support, eyes $1.12 breakoutXRP is currently trading around $1.107 on the Bitstamp exchange. Recent price action reveals that the token successfully regained support between $1.0777 and $1.0700, which includes the 0.618 Fibonacci retracement level at $1.0761. This area, once strong resistance, is now a critical support zone being tested by bullish traders.
Market analyst DukesMarketAnalysis observed that XRP has rebounded to challenge the $1.12 resistance area, but so far, buyers have not yet managed a decisive move above this point.
A clear breakout above resistance would significantly reinforce bullish sentiment, though even a continued consolidation above $1.070 could support a positive outlook, according to DukesMarketAnalysis.
If XRP manages to push above $1.12 in the near term, trader focus could shift toward the July 4 swing high at $1.1843. An inability to clear the resistance, however, may lead to continued range-bound trading just below this critical level.
Whale accumulation and falling exchange balances boost sentimentOn-chain data adds a bullish undertone to recent XRP market developments. Ali Martinez, a crypto analyst, referenced Santiment figures showing that wallets holding large positions in XRP accumulated nearly 70 million XRP last week, raising their combined holdings from roughly 3.71 billion to 3.83 billion XRP between July 11 and July 15.
This surge in accumulation by large holders, often referred to as whales in the cryptocurrency industry, has coincided with decreasing exchange balances on major platforms.
CryptoQuant, an on-chain analytics platform, reported that Binance’s XRP reserves dropped to about 2.61 billion XRP, the lowest level observed since February 2026. Previously, exchange reserves were above 3 billion XRP at the end of 2025.
Generally, lower exchange balances suggest a potential decrease in immediate selling pressure, particularly when coupled with net accumulation by whales.
Mini dictionary: CryptoQuant is a digital asset market analytics platform that provides data and insights on on-chain activity for cryptocurrencies, including exchange balances and whale movement statistics.
MetricLate 2025July 2026Whale XRP Holdings3.71 billion3.83 billionBinance XRP ReservesOver 3 billion2.61 billionTechnical indicators and moving averages send mixed signalsTechnical analysis from TradingView currently rates XRP/USD as neutral, reflecting mixed sentiment among traders and investors. The 14-period Relative Strength Index (RSI) stands at 48.57, suggesting neither overbought nor oversold conditions, with most oscillator readings also pointing to a balanced outlook. The Average Directional Index (ADX), at 13.29, indicates weak trend strength at this time.
Momentum and Moving Average Convergence Divergence (MACD) indicators are beginning to suggest modest bullish momentum, but the Bull Bear Power gauge continues to signal mild selling pressure. DukesMarketAnalysis also noted that RSI has recently climbed above 50, reflecting a short-term improvement, but the Stochastic RSI now sits in overbought territory, hinting that XRP could see further consolidation before any major move.
Short-term moving averages, such as the 10-period Exponential Moving Average (EMA) at $1.101 and 10-period Simple Moving Average (SMA) at $1.098, generate buy signals with the current price trading above these levels. Conversely, the longer-term 50-, 100-, and 200-period EMAs and SMAs—ranging from approximately $1.14 to $1.46—continue to recommend selling, indicating ongoing resistance on the path to higher prices.
TradingView has identified the classic pivot point at $1.128, just above current market prices. Resistance sits near $1.249, while initial technical support is at $0.918.
Near-term outlook and areas to watchThe immediate outlook for XRP now depends on whether bulls can flip the $1.12 resistance into a support level. The token’s recovery from the $1.070 zone, combined with ongoing whale buying and the drop in major exchange reserves, are contributing factors that traders are watching closely.
Despite these constructive trends, neutral technical signals and longer time-frame moving averages highlight the need for further confirmation before a clear uptrend is established. As such, market participants are expected to monitor the $1.10 to $1.13 range, where a decisive break above $1.12 could see momentum extend toward $1.1843. An unresolved challenge at resistance may keep XRP trading sideways until a stronger catalyst emerges.
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.
There is a fatigue among XRP traders due to the price crash, Google Trends shows.
XRP, the world's sixth largest cryptocurrency, has lost more than 60% of its value in a year and is currently trading at $1.09.
The cryptocurrency has been trading at the level for a few weeks now—the last time it hit this level was in November 2024.
XRP has a long and tumultuous history as it became the face of the battle regarding the regulatory status of cryptocurrencies in the United States when the Securities and Exchange Commission (SEC) sued Ripple in December 2020 for selling unregistered securities via the sale of XRP tokens. Ripple argued XRP is a digital currency, not a security.
In July 2023, Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP on crypto exchanges didn't constitute securities violations, but the sale of these tokens to institutions violated securities laws.
As both parties appealed the judgement, the case went on for years until Donald Trump returned to the White House and Ripple and the SEC reached a settlement in August 2025.
Around the same time, XRP hit the all-time high (ATH) of $3.65 on July 18, 2025.
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But the Oct. 10 crypto flash crash had XRP sinking and yet failing to recover past gains.
Trending on TheStreet RoundtableCathie Wood's ARK issues bold prediction on U.S. digital dollarU.S. government moves $8.8M of Bitcoin that Trump said would never sellNew York ban threatens Bitcoin miners' new revenue streamGoogle searches for XRP 91% lower than peakAs XRP's price crashed more than 60% in a year, the interest of traders also faded.
Latest data from Google Trends shows that worldwide searches for "XRP" peaked during the July 13-20, 2025, week when the cryptocurrency hit its ATH.
XRP worldwide interest in a year, Source: Google Trends
Since then, the figure has only declined and stood at 9 during the July 12-19, 2026, week.
It means the current search interest is 91% lower than the peak, reflecting a fatigue among XRP traders.
Crypto analyst Ali Martinez has drawn attention to XRP’s monthly chart after a TD Sequential buy signal emerged on the July candle. This development appeared at the $1.109 level, sparking fresh debate among traders about the potential for a reversal after a prolonged decline.
The chart signals a shiftThe monthly price chart of XRP presents a clear record of persistent downward momentum that began after XRP reached its all-time high of $3.65 in July 2025. Since that peak, XRP experienced a steady slide, declining for several consecutive months throughout 2025 and extending into the early part of 2026.
In the spring months of March, April, and May this year, price candles became notably compressed, stabilizing with small price bodies below $1.50. When June arrived, XRP suffered another sharp loss, bringing the price close to the $1 mark. As the July candle opened, XRP traded at $1.109, and it was here that the TD Sequential indicator printed its ninth consecutive count, historically known as a buy signal.
The chart of $XRP generated a monthly TD Sequential buy signal, highlighting potential exhaustion in selling pressure and suggesting traders should monitor the coin closely for a possible reversal.
Understanding the TD Sequential indicatorThe TD Sequential is a popular technical tool created to help traders identify periods when a prevailing trend may be losing momentum. For a bullish setup, the indicator requires nine consecutive closes where each is lower than the close four periods earlier. On completion of this count, the indicator signals that the downtrend could be approaching exhaustion, possibly paving the way for stabilization or an upcoming reversal.
While not a definitive predictor of a trend change, analysts often watch monthly signals with heightened attention because they aggregate several months of price behavior. Martinez, who has frequently referenced this indicator in his market commentary, acknowledged that a monthly TD Sequential buy signal carries considerable weight in evaluating market sentiment for XRP.
Mini dictionary: TD Sequential, developed by Tom DeMark, is a technical indicator designed to identify potential trend exhaustion and reversal points by analyzing price patterns over a specific series of candles.
Key levels and current outlookXRP entered July trading near $1, a level widely regarded as a key support zone. Some market participants maintain that XRP could fall below this point, but the formation of the TD Sequential signal has led others to suggest that downward pressure may be ending soon.
If the rebound materializes, resistance is likely at the $1.18 to $1.20 range. A definitive move above this level may be interpreted by traders as evidence of a trend reversal and renewed bullish momentum. July is historically one of the stronger months for XRP, with average gains close to 10%, which could add weight to traders’ cautious optimism. Nevertheless, analysts continue to note that technical indicators like the TD Sequential signal are not guarantees of future price action, particularly in volatile cryptocurrency markets.
Support/Resistance LevelSignificance$1.00Key support level$1.109TD Sequential 9-count buy signal$1.18 – $1.20Resistance zone to watch$3.65All-time high (July 2025)As the market continues to react to technical signals and historical tendencies, many traders are closely monitoring XRP’s performance in the coming weeks for confirmation of any significant shift in direction.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
SWIFT has unveiled its blockchain-based shared ledger, aiming to streamline coordination of tokenized deposits across banks and financial institutions around the clock. While the new infrastructure brings 24/7 processing to cross-institutional transactions, it continues to rely on legacy settlement systems for the final transfer of value, leaving some in the XRP community questioning whether this approach fully meets the demands of modern finance.
SWIFT responds to evolving global payment needsAvalon Ingram, SWIFT’s Digital Assets Business Lead for Asia Pacific, highlighted the changing expectations among customers, especially regarding the timing and availability of cross-border payments. Ingram explained that financial clients now routinely expect payment services to be “24/7 and real-time,” a notable shift from the limitations of traditional banking hours.
Ingram has emphasized that customer expectations are changing, with cross-border payments increasingly needing to be available at any time and settled instantly.
SWIFT’s blockchain ledger is designed to act as an orchestration layer. It coordinates payment instructions between participating entities without moving funds on-chain, providing improved transparency and reduced friction in the payment process. However, actual settlement of value frequently reverts to established financial rails, resulting in delays that can last hours or days for some cross-border transactions.
XRP’s settlement advantage gains attentionRipple’s On-Demand Liquidity (ODL) solution, using its native digital asset XRP, directly addresses these settlement delays. As a neutral bridge asset, XRP enables transactions to settle nearly instantly, bypassing the need for banks to hold pre-funded nostro and vostro accounts in various currencies. This can allow financial institutions to operate with greater efficiency and less capital tied up in international accounts.
The XRP Ledger is an open-source, decentralized blockchain purpose-built for fast and cost-effective cross-border payments. By using XRP as a bridge asset, it allows instant conversion and settlement between different fiat currencies.
Ingram’s comments regarding demand for speed and constant availability closely mirror Ripple’s position: while messaging and coordination provided by networks like SWIFT improve communication between counterparties, only true digital settlement mechanisms such as XRP can address the liquidity challenges that delay the actual movement of value.
Mini dictionary: Nostro and vostro accounts are bank accounts used to facilitate international transactions. A nostro account is operated by a bank in a foreign country and kept in the foreign currency, while a vostro account refers to an account that another bank holds in the domestic currency.
Future of payment infrastructure: Hybrid models emergeSeveral banks involved in SWIFT’s pilot programs already maintain connections or partnerships with Ripple, pointing toward a possible hybrid approach for the future. In such a setup, SWIFT’s blockchain infrastructure could coordinate payment instructions, while settlement might occur on digital asset networks such as the XRP Ledger to meet the increasing expectation for continuous, real-time settlement.
As demands for instant and always-available international transfers grow louder, institutions appear increasingly receptive to both orchestration solutions like SWIFT’s shared ledger and specialized digital settlement layers such as XRP.
Ingram’s push to update SWIFT’s services echoes the challenges that have motivated digital asset solutions from the start. While SWIFT is upgrading coordination and communication, XRP continues to position itself as a viable solution for the settlement gap.
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 and XRP Price movements remained cautious as traders awaited signals from Washington about the CLARITY Act. The broader crypto market fell 1.35% over 24 hours, reducing its value to about $2.2 trillion. Bitcoin hovered near $64,000, while XRP traded above $1.10 and eyed further recovery.
Trump To Attend Key Meeting For Clarity Act President Donald Trump will meet Republican senators and senior advisers on Thursday to discuss the crypto market structure bill. The meeting will focus on unresolved ethics concerns and progress surrounding the CLARITY Act.
Expected attendees include Senators Bernie Moreno and Cynthia Lummis, alongside White House crypto adviser Patrick Witt.
Chief of Staff Susie Wiles and Solana Policy Institute President Kristin Smith are expected to attend. The negotiations coincide with the resistance amplified by Senate Democrats after Trump has been found to have cryptocurrency earnings and financial interests.
HUGE: 🇺🇸 President Trump is set to meet with U.S. senators today to discuss the crypto market structure bill, better known as the CLARITY Act. https://t.co/SxeSNkMYzZ pic.twitter.com/P7cewbrVdn
— Crypto Rover (@cryptorover) July 16, 2026
Critics are demanding greater protection against federal officials who are enriching themselves with digital assets and are controlling industry regulation.
The current prediction markets have an estimated 41% probability that the law will be presented into law by 2026. These odds have decreased by nearly 25% points due to political differences and congressional time issues.
Bitcoin and XRP Price Prediction: Key Levels To Watch Bitcoin and XRP Price trends remain cautious as traders await fresh developments surrounding upcoming CLARITY Act discussions in Washington.
The Bitcoin remains trading close to the important support of $64,100 as larger weakness strained major cryptocurrencies in the most recent market session.
Source: Tradingview Holding this level could allow BTC to stabilize before challenging resistance around $65,500. The recovery can continue to reach $66,000 in the near term due to sustained buying momentum as per the full Bitcoin forecast report.
Nonetheless, a daily close of less than $64,000 may result in losses to the support zone of $61,800 to $62,000.
Over 24 hours, the XRP price fell 1.37% to $1.10 as the market declined. Defending 1.10 may help in a recovery to 1.15. Stronger demand may push XRP above $1.20. A failure at less than $1.10 would reveal the support at about 1.06 during the ensuing sessions.
Bitcoin ETFs Attract $108M While XRP Funds Record No Inflows U.S. spot XRP ETFs had no net inflows as of July 15, with cumulative inflows of $1.48 billion. XRP funds headed by Bitwise had assets amounting to $312.85 million. Canary and Franklin were the next to follow Bitwise, but all the listed XRP funds were closed lower.
U.S. spot Bitcoin ETFs recorded total net inflows of USD 108 million on July 15, with BlackRock’s IBIT posting the largest single-day inflow at USD 80.82 million.
According to SoSoValue data, U.S. spot Bitcoin ETFs recorded total net inflows of USD 108 million on July 15, with BlackRock’s IBIT posting the largest single-day inflow at USD 80.82 million. Spot Ethereum ETFs drew USD 53.83 million, led by BlackRock’s ETHA with USD 45.29… pic.twitter.com/4YrMd19EDs
— Wu Blockchain (@WuBlockchain) July 16, 2026
Spot Ethereum ETFs drew USD 53.83 million, led by BlackRock’s ETHA with USD 45.29 million in net inflows. BlackRock is the world’s largest asset manager and operates the largest U.S. spot Bitcoin ETF by assets.
The Depository Trust and Clearing Corporation (DTCC), a major financial market infrastructure provider responsible for clearing and settlement of nearly all US stock and bond trades, has initiated its first equity conversions and tokenized infrastructure in live production. Citadel Securities, a leading market maker overseeing approximately $69 billion in assets under management, will be the first to participate in this rollout.
Citadel’s role and ties to RippleCitadel’s involvement draws particular attention due to its notable connections with Ripple and the XRP Ledger. In October 2025, Citadel joined Fortress in a $500 million strategic investment in Ripple. This move aligns with Ripple’s ongoing efforts to expand the institutional adoption of blockchain technology.
As detailed by blockchain analyst SMQKE, Citadel’s partnership with Ripple coincides with a series of major milestones for the fintech company, including high-profile acquisitions and the integration of RLUSD, Ripple’s stablecoin for on-chain settlement.
DTCC’s traditional infrastructure underpins an estimated $114 trillion in securities. This enormous volume is fueling speculation about how much liquidity proven blockchain platforms, such as the XRP Ledger, could provide for instant settlement of tokenized assets.
InstitutionAssets in ScopeKey Blockchain TieDTCC$114 trillion (traditional securities)Tokenized settlement railsCitadel$69 billion AUMRipple/XRP LedgerMini dictionary: DTCC — The Depository Trust and Clearing Corporation is a central player in US markets, streamlining the clearing and settlement process for equities, bonds, and other assets. It is critical to maintaining financial stability and efficiency on Wall Street.
Tokenization and market implicationsThe initial phase of DTCC’s tokenized trades has now commenced, but the broader impact on the real world asset (RWA) market remains to be seen. Citadel’s investment in Ripple has positioned XRP’s On-Demand Liquidity (ODL) solution as a foundational component of this evolving ecosystem. Meanwhile, SWIFT’s recent introduction of a multi-chain digital ledger allows for interoperability across a range of blockchains, potentially expanding the field to several networks beyond XRP Ledger for such infrastructure projects.
Ripple’s influence has grown through regulatory victories and expanded use among institutions. The acquisition of GTreasury in 2023 helped Ripple process $13 trillion in transaction volume without direct involvement with cryptocurrencies. Observers expect that as tokenization of traditional assets progresses, blockchain networks like the XRP Ledger could capture a greater share of new financial flows.
RLUSD, Ripple’s own US dollar stablecoin, has crossed $1.5 billion in market capitalization just a year after launch. Its role in the swiftly changing regulatory environment could become even more prominent if the Clarity Act — a key digital asset policy proposal — gains approval.
Mini dictionary: RLUSD — RLUSD is Ripple’s stablecoin pegged to the US dollar, designed for fast and reliable transactions across the XRP Ledger, supporting both traditional and crypto-native payment flows.
Ripple’s legal battles and Wall Street integrationRecent regulatory developments have energized the XRP community after Ripple secured a significant victory against the US Securities and Exchange Commission (SEC). David ‘JoelKatz’ Schwartz, Ripple’s Chief Technology Officer, emphasized the far-reaching consequences of this legal battle through a widely shared post on X, clarifying the complex treatment of XRP sales in relation to securities regulations and referencing statements by former SEC Chair Gary Gensler.
David Schwartz highlighted that all XRP transactions were handled as securities by regulators, challenging the notion that only specific unregistered sales were under scrutiny and pointing to prior comments by Gary Gensler for context.
The DTCC described its partnership with Citadel as a “notable milestone that marks the largest tokenization production initiative in breadth of use cases, asset classes and number of participants.” This has generated speculation regarding the capacity of XRP Ledger to scale and process a substantial share of the $114 trillion tokenization opportunity, building on its track record of supporting multi-billion dollar daily volumes.
Citadel, a private financial services firm, does not publicly disclose its full valuation, which can vary by source. However, its direct collaboration with Ripple signals an active pursuit of a greater stake in the tokenized financial infrastructure now emerging around DTCC’s backbone.
Market participants are closely watching how much of the immense tokenization opportunity will fall to established blockchain networks such as the XRP Ledger as Wall Street continues to bring assets on-chain.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Wall Street heavyweight T. Rowe Price, which boasts a staggering$7 trillion in assets under management, has entered the cryptocurrency ETF market with the launch of its first actively managed multi-token fund.
The much-anticipated product provides exposure to Bitcoin as well as to altcoins such as Ethereum and XRP.
The new ETF began trading on Thursday under the TKNZ ticker, according to Bloomberg ETF analyst Eric Balchunas.
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The launch is particularly noteworthy given T. Rowe Price's long history as an active stock manager dating back to before World War II.
The fund debuted with approximately $15 million in assets with a 0.75% management fee.
Balchunas opined earlier this week that T. Rowe Price appeared to be waiting until the recent crypto market selloff had subsided before bringing the product to market.
Yet another giant embracing crypto T. Rowe Price is one of the world's largest asset managers, which makes the recent launch particularly significant. The Baltimore-based financial institution oversees retirement savings, pension assets, mutual funds, and institutional portfolios for millions of investors around the globe.
The financial titan has spent decades building its stellar reputation, so its entry into the crypto space is yet another sign of crypto reaching broad mainstream acceptance.
The firm's arrival also follows similar moves by other Wall Street firms, such as BlackRock and Fidelity.
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Long before launching a crypto ETF, T. Rowe Price was investing indirectly in the sector through private markets.
The firm participated in funding rounds for major crypto companies, including Circle, the issuer of the USDC stablecoin, and Bullish, the digital asset exchange backed by Block.one. It also held stakes in Coinbase around the time of the exchange's public listing through various growth-oriented funds.
Solana and XRP are among the fund's top holdings Bitcoin remains the largest holding with a 40.75% weighting. Ethereum accounts for 18.42%, followed by BNB at 11.01%.
Solana represents 9.44% of assets, narrowly ahead of XRP, which makes up 9.37% of the portfolio.
The remaining allocations include Hyperliquid (HYPE) with 6.45%, Stellar (XLM) with 3.00%, Dogecoin (DOGE) with 1.28%, and USD Coin (USDC) with 0.16%.
Balchunas noted that the ETF is "underweight Bitcoin and overweight most of the rest, especially HYPE."
Bitcoin retreated from a three-week high as escalating U.S.-Iran geopolitical tensions weighed on risk sentiment.
Notable Statistics:
Coinglass data shows 65,125 traders were liquidated in the past 24 hours for $223.54 million. SoSoValue data shows net inflows of $107.8 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $53.8 million. In the past 24 hours, top gainers include Ondo, Lido DAO and Pyth Network. Notable Developments:
Trader Notes:
Macro economist Seth argues that selling BTC in the $60,000–$64,000 range is a mistake, contending that retail investors are avoiding the asset despite strong institutional conviction.
He pointed to Wall Street spot Bitcoin ETFs collectively holding about 1.21 million BTC as evidence of sustained institutional accumulation.
Trader KillaXBT says Bitcoin has continued to follow a recurring mid-month seasonal pattern, declining about 2% since the 14th.
Historically, BTC has posted a roughly 5% pullback after the 14th in 11 of the past 12 instances, suggesting that if the pattern repeats, Bitcoin could revisit the $60,000–$62,000 range later this month.
Crypto chart analyst Ali Martinez noted that Bitcoin whales used the recent rally from $62,000 to $65,600 to take profits, selling an estimated 12,555 BTC during the rebound. The activity suggests large holders capitalized on higher prices rather than adding to their positions.
Image: Shutterstock
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Apple closed up 1.76% to hit another all-time high, with positive momentum from Apple Intelligence's China localization continuing to build.
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JPMorgan analysts noted in a recent report that Strategy has recently increased its U.S. dollar reserves from $2.55 billion to $3 billion, enough to cover roughly 20 months of preferred stock dividend payments, an encouraging sign for Bitcoin’s outlook. If Strategy can rebuild its U.S. dollar reserves to a level covering two to three years of dividends, it will ease market concerns that the company may be forced to sell Bitcoin in the future to cover preferred stock dividend payments. Meanwhile, despite sharp recent volatility in spot Bitcoin ETF flows, both Bitcoin futures and perpetual contracts on the Chicago Mercantile Exchange (CME) recorded net inflows this week—flows typically driven by institutional investors rather than retail, in contrast to the outflows seen in spot ETFs. Additionally, leveraged ETFs linked to Strategy have seen relatively stable, positive net flows over the past seven weeks, driven mainly by retail buying, which has supported Strategy’s common stock price and prevented it from falling below the net asset value of its Bitcoin holdings. Strategy President and CEO Phong Le stated earlier this week that the company’s balance sheet is very secure; it will only begin to worry about debt-related risks if Bitcoin falls to roughly the $8,000–$10,000 range, and plans to issue more shares after STRC preferred stock returns to its $100 par value to further accumulate Bitcoin and expand its U.S. dollar reserves. JPMorgan also reiterated that Strategy is not a major structural threat to Bitcoin; a larger risk lies in the promotion of blockchain technology through permissioned systems, which does not benefit public blockchains or their tokens.
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Payments giant MoneyGram has announced that it has joined the Stellar network as a Tier 1 validator.
The news comes five years after the Dallas, Texas-headquartered company first partnered with the organization.
Apart from MoneyGram, borrowing platform Figure Markets and wealth management platform Range will begin operating Tier 1 validators.
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The new roster of validators will become activated by mid-August, according to the announcement.
Becoming a validator Validators are responsible for maintaining the blockchain's integrity by verifying transactions and participating in network consensus.
On Stellar, Tier 1 validators are particularly important. They operate multiple geographically distributed validator nodes and participate in the Stellar Consensus Protocol. Each validator independently selects the trusted participants it relies on to reach agreement on the ledger's state.
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Stellar's consensus model does not reward validators with newly issued tokens, which is typical for proof-of-work and proof-of-stake networks. Instead, organizations run validators primarily to improve security and decentralisation.
Tier 1 validators must operate three geographically dispersed full validator nodes and maintain at least 99.9% uptime on top of some other requirements.
MoneyGram's crypto journey Before embracing Stellar, MoneyGram was one of Ripple's highest-profile enterprise partners. In 2019, Ripple invested $50 million in MoneyGram, and the companies launched a partnership centered on On-Demand Liquidity (ODL), which is Ripple's cross-border settlement product that uses XRP.
The partnership, which was viewed as one of Ripple's biggest commercial wins, came to an abrupt halt after the U.S. Securities and Exchange Commission sued Ripple in December 2020. MoneyGram suspended its use of Ripple's ODL service in early 2021 and pivoted to its rival.
MoneyGram and the Stellar Development Foundation first joined forces back in 2021 to create one of the first large-scale blockchain-powered cash on- and off-ramp networks. The service eventually went live in 2022. Since then, the partnership has broadened beyond remittances.
Today, Stellar powers MoneyGram Ramps, the company's blockchain infrastructure for cash access. It also serves as the exclusive blockchain behind MoneyGram's consumer digital dollar balance feature.
"We have recently decided to become a validator on the Stellar network, and the reason why that's so important to us is that we vividly see the benefits of crypto, the benefits of stables," Josh Gordon-Blake, the executive vice president and general manager of MoneyGram Online, said in a statement. He has stressed that MoneyGram does not want to be sidelined.
Payments company MoneyGram revealed that it has joined the Stellar network as a Tier 1 validator, marking a significant expansion in its ongoing collaboration with the blockchain-focused organization. Based in Dallas, Texas, MoneyGram first partnered with Stellar in 2019 as it moved to integrate blockchain solutions into its global financial services.
New validators strengthen Stellar networkIn addition to MoneyGram, Figure Markets, a lending platform specializing in crypto-backed loans, and Range, a digital wealth management provider, will also begin operating as Tier 1 validators on the Stellar network. These new validators are expected to become fully operational by mid-August, according to the latest announcement from the Stellar Development Foundation.
Validators are a crucial component of blockchain networks, as they verify transactions and play a key role in network consensus. On the Stellar network, Tier 1 validators have heightened responsibilities. They are required to run multiple full validator nodes that are dispersed across different geographic regions, contributing directly to the Stellar Consensus Protocol. This design helps ensure both resilience and decentralization in the Stellar ecosystem.
Unlike many proof-of-work or proof-of-stake blockchains, Stellar’s consensus model does not provide financial rewards in the form of new tokens to its validators. Instead, organizations like MoneyGram choose to operate validators to support network security and the overall decentralization of the system.
To qualify as a Tier 1 validator, organizations must maintain at least 99.9% uptime and oversee three geographically distributed full validator nodes, among other technical requirements.
Mini dictionary: Stellar Consensus Protocol, a unique agreement mechanism used by the Stellar network to enable decentralized and trustworthy validation of transactions without relying on mining or traditional staking incentives.
MoneyGram’s path from Ripple to StellarBefore its engagement with Stellar, MoneyGram was notably one of Ripple’s top enterprise partners. In 2019, Ripple, the company behind the cryptocurrency XRP, invested $50 million in MoneyGram, which led to a partnership centered around On-Demand Liquidity (ODL). ODL is Ripple’s product for instant cross-border settlements utilizing XRP.
This collaboration came to an abrupt end after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in December 2020. In response, MoneyGram halted its use of Ripple’s ODL service in early 2021 and subsequently turned to alternative blockchain solutions.
MoneyGram later entered into a strategic relationship with the Stellar Development Foundation in 2021. The partnership aimed to build one of the first large-scale blockchain-powered on- and off-ramp services for cash, with the initiative officially launching in 2022. Over time, the scope has extended beyond remittances to include a wider range of digital financial products.
InitiativeMoneyGram & RippleMoneyGram & StellarStart Year20192021Main FocusOn-Demand Liquidity with XRPBlockchain Ramps and Cash AccessStatusEnded (2021)OngoingStellar powers new MoneyGram infrastructureCurrently, Stellar serves as the backbone for MoneyGram Ramps, the company’s blockchain-based service facilitating access to cash. Stellar is also the exclusive provider for MoneyGram’s consumer digital dollar balance feature, extending the scope of their technological partnership.
Josh Gordon-Blake, executive vice president and general manager of MoneyGram Online, explained the significance of becoming a validator on the Stellar network. He noted, “We have recently decided to become a validator on the Stellar network, and the reason why that’s so important to us is that we vividly see the benefits of crypto, the benefits of stables.” Gordon-Blake emphasized MoneyGram’s intention to remain at the forefront of technological innovation within the rapidly evolving digital asset landscape.
“We have recently decided to become a validator on the Stellar network, and the reason why that’s so important to us is that we vividly see the benefits of crypto, the benefits of stables,” said Josh Gordon-Blake, executive vice president and general manager of MoneyGram Online.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
@TRowePrice, the $1.8 trillion asset manager, has listed the T. Rowe Price Active Crypto ETF under the ticker $TKNZ on NYSE Arca, marking what the firm describes as the first actively managed multi-token spot crypto ETF to reach the market.
How the Fund Works Unlike passive index-tracking products, $TKNZ can hold between 5 and 15 digital assets from an eligible universe of 15 tokens, with portfolio managers rotating among them based on fundamentals, valuations, and momentum. The eligible universe includes Bitcoin, Ethereum, Binance, XRP, Solana, Hyperliquid, and others.
Blue Macellari leads the ETF alongside four co-portfolio managers, leveraging T. Rowe Price's research-driven active investment strategy. She is joined by Stefan Hubrich (21 years of experience), David Kroger (9 years), Sean McWilliams (17 years), and Dante Pearson (13 years).
The ETF carries a 0.75% management fee, with a fee waiver in place through May 31, 2027. That puts it at a clear premium over passive single-coin Bitcoin funds, though the active mandate is the explicit justification for the higher cost.
Why It Matters It marks the first time a traditional asset manager of T. Rowe Price's scale, a firm that oversees approximately $1.9 trillion in assets predominantly for pension funds, retirement savers, and institutional clients, has received regulatory clearance to offer a regulated crypto product to its distribution network.
The active management structure differentiates $TKNZ from existing passive products, allowing the portfolio team to reduce exposure during downturns and increase it during periods of structural support, a feature that could appeal to institutional risk managers who have flagged volatility as the primary barrier to allocation.
For U.S. retail investors accustomed to accessing markets through mutual funds and ETFs, the product offers a way to gain diversified crypto exposure without opening a dedicated crypto exchange account. Single-coin ETFs opened the door for institutional participation in digital assets. With $TKNZ, the stock pickers are now inside.
Sources:
T. Rowe Price official press release: Active Crypto ETF launch
SEC filing: T. Rowe Price Active Crypto ETF (TKNZ) Form FWP
Crypto Times: T. Rowe Price Debuts Active Crypto ETF TKNZ
T. Rowe Price, a major US asset manager with $1.89 trillion under management, has launched its first cryptocurrency exchange-traded fund, providing investors with access to Bitcoin and other leading digital assets through a single product.
Active Crypto ETF and Portfolio CompositionThe new ETF, known as the T. Rowe Price Active Crypto ETF, is listed on NYSE Arca under the ticker TKNZ. It is currently the first actively managed multi-token spot ETF available to investors, according to statements from the firm.
TKNZ primarily allocates its portfolio to Bitcoin and Ethereum, which account for 40.75% and 18.42% of its holdings, respectively. Additional assets in the portfolio include Solana, XRP, Hyperliquid, Dogecoin, and BNB, giving investors diversified exposure to the broader crypto market.
T. Rowe Price initially filed for SEC approval of this product in October 2025. The ETF targets individuals seeking regulated access to multiple cryptocurrencies through a managed structure, removing barriers associated with direct digital asset custody.
Through the launch of the T. Rowe Price Active Crypto ETF, investors can gain access to a thoughtfully curated, professionally managed multi-coin portfolio that helps eliminate the guesswork of building a crypto allocation on their own, stated Blue Macellari, head of digital assets at T. Rowe Price.
Company representatives described this fund as the “first of the firm’s lineup” in the digital asset sector, indicating potential for additional crypto-related investment vehicles in the future.
Mini dictionary: T. Rowe Price is a prominent US-based investment management firm offering a broad range of mutual funds, retirement solutions, and institutional management services.
AssetPortfolio Weight (%)Bitcoin40.75Ethereum18.42Other (Solana, XRP, Hyperliquid, Dogecoin, BNB)RemainderCrypto ETF Industry DevelopmentsThe SEC approved Bitcoin ETFs from leading firms such as BlackRock, Fidelity, and Grayscale in January 2024, marking a major turning point for the industry after years of rejections. These funds set new records for launch success and now manage billions of dollars in assets.
Following Bitcoin ETFs, spot Ethereum ETFs and additional altcoin products entered the market for both US and European investors. These developments have broadened the appeal of cryptocurrencies, allowing more traditional investors and Wall Street institutions to gain exposure without directly handling digital assets.
Investing in cryptocurrencies through regulated ETFs simplifies issues such as private key management and coin storage, easing previous concerns among institutional and retail players.
Bloomberg Intelligence analyst James Seyffart commented that the launch of TKNZ during a market downturn shows that legacy asset managers continue to build in the crypto sector despite declining prices, adding that the product was years in development.
Regulatory Landscape and Market IntegrationPresident Donald Trump’s administration has taken a more permissive approach to digital asset regulation, leading to the dismissal of several SEC lawsuits and investigations previously focused on crypto firms. This shift has made it easier for financial institutions to integrate crypto solutions with traditional products, such as borrowing or collateralizing mainstream assets with Bitcoin ETFs.
As a result, more investors can now access crypto markets through standard share trading on established exchanges, positioning digital assets more firmly within the broader financial system.
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.
Ethereum price today: $1,870Ethereum has outperformed crypto majors Bitcoin, XRP, SOL and HYPE following a market boost from cooling inflation reports.The Robinhood Chain launch, ETH ETF inflows, BitMine's accumulation and Clarity Act discussions are spurring the outperformance.ETH saw a rejection at the 100-day EMA after rising 10% over the past week.Ethereum (ETH) has outperformed the top 10 cryptocurrencies since the crypto market began a recovery last week. On a weekly timeframe, the top altcoin is seeing an 8% gain, compared to 2.4%, 1.4%, 1.6%, -1.8% and -3.5% for Bitcoin (BTC), BNB, XRP, Solana (SOL) and Hyperliquid (HYPE).
While cooling inflation reports and declining energy prices were primarily responsible for the recent broad rally across the crypto market, ETH's outperformance stems from several other key factors.
ETH vs Top Cryptos. Source: CoinGeckoWhy Ethereum is outperforming other top cryptosThe Robinhood Chain, launched on July 1 as an Ethereum Layer 2 (L2), has been spurring demand for native ETH. The amount of ETH bridged from the L1 to the L2 chain has surpassed $164 million, a 10x increase in the past week, according to onchain analytics platform Token Terminal.
"If adoption continues, the chain could become a meaningful new source of demand for Ethereum," the platform stated in a Thursday X post.
The chain has seen strong demand over the past week, attracting token launchpads and memecoin activity. In 2024, Solana saw a similar upsurge in memecoin activity before going on a run that outperformed major cryptocurrencies.
Beyond that, Ethereum is also attracting institutional capital again, with $96 million in net inflows over the past three days. Last week, US spot ETH ETFs ended an eight-week outflow streak after recording $84.4 million in net inflows, per SoSoValue data. Since the beginning of the month, the products have only seen two outflow days, while XRP and Solana products are struggling to attract capital.
Similarly, US spot BTC ETFs have posted four outflow days so far in July and are on track to end the week on negative flows.
In addition, Ethereum treasury firm BitMine Immersion has remained a consistent source of demand for the top altcoin, accumulating roughly 70,000 ETH in the past two weeks.
Strategy, on the other hand, which has been a major demand driver for Bitcoin, flipped to distribution over the past two weeks after it sold $216 million worth of BTC. The firm also failed to log any buying activity last week.
Increased discussion and positive sentiment around the Clarity Act are also filtering into Ethereum, as it hosts the majority of onchain activity. The L1 is the largest chain by total value locked (TVL) and tokenized assets, with $40.9 billion and $14.8 billion, respectively, according to DefiLlama data.
Despite several positive developments surrounding ETH currently, the broader crypto market recovery remains fragile amid resumed geopolitical tensions in the Middle East. Bitfinex analysts also noted that ETH ETF inflows are not yet strong enough to drive prices.
"The $96 million total sits against a market capitalization above $220 billion, which makes it a rounding error even allowing for the illiquid spot market. A bid concentrated in one issuer remains too narrow to call a regime," the analyst wrote in a Thursday market commentary.
"Whether Ether ETFs continue to draw buyer interest remains to be seen; they have struggled to do so across nearly two years since launch."
Bitfinex added that sustained improvements in onchain activity are a "stronger catalyst" for an L1 like Ethereum.
Ethereum Price Forecast: ETH fails to reclaim 100-day EMA despite 10% jumpOn the daily chart, ETH/USDT trades at $1,874, maintaining a constructive bullish bias as price remains above the 20- and 50-day Exponential Moving Averages (EMAs) at $1,780 and $1,810, respectively. The altcoin remains capped by the longer-term 100-day EMA at $1,948 after a 10% rise over the past week, suggesting room for further upside only if this barrier is reclaimed.
Momentum stays supportive, with the 14-day Relative Strength Index (RSI) around 60 and the Stochastic hovering in the low 70s, hinting at a cooldown after a strong rally.
On the topside, immediate resistance is located at the horizontal level of $1,909, followed by $2,018 and $2,107, where prior supply converges. Above these, additional resistance is seen at $2,211 and then $2,388.
ETH/USDT daily chartOn the downside, initial support emerges at $1,806, ahead of the nearby dynamic floors offered by the 50- and 20-day EMAs. Below these, more substantial demand is seen at $1,741, with deeper supports at $1,524, $1,404 and $1,155 in the event of a broader corrective slide.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
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.
Vet, an XRPL validator and director of community at the XRP Ledger Foundation, shared about an XRP Ledger feature that could change how treasury management works.
According to Vet, Permission Delegation is a new functionality for compliance coming to the XRP Ledger soon. The feature will allow users to delegate specific tasks onchain while keeping account keys in cold storage, with Vet adding that "It was born out of the need to manage a treasury."
Permission Delegation is a new functionality for compliance coming to the XRP Ledger soon.
Allowing to delegate specific tasks on chain while keeping account keys in cold storage.
"It was born out of the need to manage a treasury" pic.twitter.com/eSsz2fZu6w
— Vet (@Vet_X0) July 15, 2026 Permission Delegation is the function of granting various permissions to another account to send permissions on behalf of the user's account. Permission Delegation can be used to enable flexible security paradigms such as role-based access control, instead of or alongside techniques such as multi-signing.
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Discussions about Permission Delegation date back to 2024. The amendment XLS-75d "Permission Delegation" was introduced in XRPL v2.6.1 but was later disabled in September 2025 due to a bug that allowed an account to charge transaction fees to any other account and could have been maliciously used to drain an account's XRP balance; hence, the feature was not enabled on mainnet.
Vet's recent comments suggest that Permission Delegation might soon be coming to the XRP Ledger, which will unlock fresh potential on the XRPL.
XRP milestonesIn a recent milestone, the fixCleanup3_2_0 amendment — a collection of fixes for Single Asset Vaults, the Lending Protocol, the permissioned DEX, Multi-Purpose Tokens, and permissioned domains — has achieved a majority, entering a two-week activation period on the XRP Ledger with 30 yes votes.
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The XRP Ledger has surpassed 8 million accounts, thanks to continuous growth. According to XRP Ledger Services, an XRP explorer, the total currently stands at 8,001,658.
CryptoQuant reports that Binance's XRP reserves have hit their lowest level since February this month, falling to 2.61 billion XRP. This suggests a reduced supply of XRP on the world's largest cryptocurrency exchange.
Despite rebounding from a local bottom near $1, Ripple’s cross-border token remains heavily suppressed in the current bear market and hasn’t been able to stage a decisive comeback.
Even so, several key signs suggest the bulls might be getting ready to step in and take control soon.
Green Days on the Way? Currently, XRP trades at around $1.11, representing a mere 1% increase on a weekly scale but a substantial 62% collapse over the past year. The recent whale behavior, though, may tilt the scales toward a more tangible rebound in the near future.
The renowned analyst Ali Martinez revealed that large investors have purchased roughly 70 million tokens over the last week, thus boosting their total holdings to approximately 3.8 billion units (around 6% of the asset’s circulating supply). Whale accumulation signals growing confidence among major holders, which can help stabilize price action and attract retail investors into the ecosystem.
The second bullish factor was presented again by Martinez, who noted that XRP’s TD Sequential indicator has flashed a buy signal. It is important to note that this metric hasn’t been fully reliable over the last several months. In December, it flashed a buy signal, which was followed by a strong price increase, but in January 2026, it preceded a major correction instead.
Last but not least, we will touch upon the shrinking amount of XRP stored on Binance. As CryptoPotato reported, the figure dropped to around 2.61 billion tokens, the lowest since February. The development indicates that a growing number of investors have moved their holdings to self-custody wallets, thereby reducing immediate selling pressure.
The Latest Predictions Analysts on X have been quite vocal on XRP recently, with most outlining bullish forecasts. The market observer who uses the moniker Gerla claimed that if buyers defend the important $1.10 level, the price could rise to $1.24 next.
You may also like: Binance XRP Reserves at Lowest Since February as Ripple Price Defends Key Support XRP and ETH Traders Turn Bullish as FOMO Surges to 5-Week High: Santiment 3 Years After The Key Ripple-SEC Ruling: How XRP Went From SEC Target to Institutional Asset Crypto Patel and Celal Kucuker have been even more optimistic, envisioning an explosion to $9 and $7, respectively. JAVON MARKS joined the club of ultra bulls, arguing that $15+ is “a measured level that can be reached in the next wave.”
Of course, some remain cautious and believe the cycle’s bottom has yet to be formed. X user Diana, for instance, warned that the price could plummet to $0.87 before a new bull run begins.
Vet, a validator on the XRP Ledger (XRPL) and director of community at the XRP Ledger Foundation, has highlighted the upcoming “Permission Delegation” feature, which could significantly reshape treasury management on the network. The XRP Ledger Foundation is a non-profit organization supporting the development and adoption of the XRP Ledger through advocacy, ecosystem support, and technical contributions.
Permission Delegation on the horizonVet described Permission Delegation as a soon-to-be-released compliance tool for the XRP Ledger. This functionality would allow XRPL users to delegate specific on-chain tasks to other accounts while keeping their main account keys in cold storage. Vet indicated the feature originated from the need for robust treasury management, aiming to enhance security and usability for users managing substantial funds or institutional resources.
Permission Delegation enables flexible security models, such as role-based access control, supplementing multi-signature techniques.
In practical terms, Permission Delegation lets account holders grant various permissions to another account to perform actions on their behalf. This could provide organizations and individuals with a greater ability to separate duties and mitigate security risks without sacrificing operational flexibility.
Mini dictionary: Permission Delegation, a system allowing users to transfer specific account permissions to other entities, often used for compliance and improving security in blockchain applications.
Initial discussions around Permission Delegation took place in 2024. The XLS-75d amendment introducing the feature was integrated into XRPL version 2.6.1. However, in September 2025, the feature was disabled due to a bug that could allow a malicious actor to drain an account’s entire XRP balance by charging transaction fees to other accounts. As a result, Permission Delegation was not activated on the mainnet.
New milestone: fixCleanup3_2_0 amendmentA recent highlight for the XRP Ledger involves the fixCleanup3_2_0 amendment, a bundled set of updates impacting features such as Single Asset Vaults, the Lending Protocol, the permissioned decentralized exchange (DEX), Multi-Purpose Tokens, and permissioned domains. This amendment reached a majority consensus and has entered a two-week activation period on the network, receiving 30 affirmative votes from the validator community.
FeatureImpact of fixCleanup3_2_0Single Asset VaultsApplies bug fixes and security improvementsLending ProtocolEnhances protocol stability and functionalityPermissioned DEXStrengthens access controls for the decentralized exchangeMulti-Purpose TokensImproves token management and use casesPermissioned DomainsAddresses domain permissioning bugsNetwork growth and exchange reservesThe XRP Ledger has achieved a new milestone by surpassing 8 million accounts. Data from XRP Ledger Services, a blockchain explorer focused on XRP, revealed the current user count has reached 8,001,658, marking steady growth across the network.
Mini dictionary: XRP Ledger Services, an analytics platform and blockchain explorer providing real-time data on XRP network activity and accounts.
At the same time, analytics provider CryptoQuant has reported that Binance’s XRP reserves have dropped to their lowest level since February, now standing at 2.61 billion XRP. This decrease signals a contracting supply of XRP on the world’s largest cryptocurrency exchange.
Binance holds 2.61 billion XRP, the lowest level recorded since February, pointing to shrinking XRP supply on the platform.
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.
TLDR XRP Ledger surpassed 8 million activated accounts, marking a new milestone in network adoption. Whale wallets accumulated 70 million XRP over the past week, according to on-chain analyst Ali Martinez. Activated accounts represent funded wallets capable of sending, receiving, and interacting with blockchain assets. Tokenization activity continues to expand, supporting digital bonds, private credit, real estate, and treasury products. RLUSD adoption and Ripple’s enterprise payment solutions continue to strengthen the network’s payment ecosystem. The XRP Ledger has surpassed eight million activated accounts, marking another measurable expansion of its global user base. The milestone coincides with fresh whale accumulation totaling 70 million XRP during the past week. Together, these developments highlight rising network activity and renewed demand during a period of market consolidation.
Activated Accounts Signal Broader Network Participation The XRP Ledger Foundation confirmed that more than eight million accounts now hold the minimum required reserve. Activated accounts differ from unused addresses because they can send, receive, and manage assets. Therefore, the total provides a clearer measure of funded participation across the network.
The $XRP Ledger crossed 8,000,000 activated accounts.
The settlement layer powering the continuous growth of tokenization, payments, and AI agents across XRP DeFi. pic.twitter.com/nHq073lAXQ
— XRP Ledger Foundation (@XRPLF) July 16, 2026
The XRP Ledger began as infrastructure for rapid and inexpensive cross-border payments. However, developers now use the network for tokenization, decentralized finance, stablecoins, and automated financial services. Its short settlement times and low transaction costs support these expanding applications.
Enterprises and financial institutions also use the XRP Ledger to build payment and settlement products. These organizations seek faster transfers, lower operational costs, and reliable access to XRP Ledger infrastructure. Consequently, the account milestone reflects growth across both retail and institutional activity.
Tokenization and Payment Services Expand Tokenization has emerged as a growing use case across the XRP Ledger ecosystem. Institutions can issue digital representations of bonds, private credit, property, and treasury products. These assets can move continuously while reducing settlement delays and administrative costs.
Ripple’s enterprise payment services also support transfers involving businesses and financial institutions. Meanwhile, RLUSD adoption adds another dollar-based settlement option for users and companies. The stablecoin supports payments and liquidity without changing the XRP Ledger’s core settlement model.
The XRP Ledger recently added an integrated hub linking artificial intelligence agents, developer tools, and payment systems. Autonomous agents can purchase services, access APIs, and settle automated tasks with supported assets. This structure connects machine-based transactions with decentralized financial infrastructure and direct blockchain settlement.
Whale Buying Supports XRP Market Structure On-chain analyst Ali Martinez reported that large wallets accumulated 70 million XRP during the past week. The purchases occurred while XRP traded through a period of price consolidation. However, the data confirms continued demand from wallets holding substantial balances.
XRP also remains inside a falling wedge on its technical chart. Traders often associate that structure with a possible reversal after sustained downward pressure. Still, price must break the upper boundary before the pattern confirms stronger momentum.
The XRP Ledger now combines eight million activated accounts with broader tokenization and payment activity. Whale accumulation has added another measurable development alongside the network’s expanding use cases. The latest figures show continued participation across users, institutions, developers, and large XRP holders.
XRP has moved above a major resistance level, signaling a potential shift in market momentum after more than 150 days of steady sideways trading. This breakout is capturing attention among cryptocurrency analysts and investors, as it may mark the end of an extended period of retracement.
Analysts highlight accumulation and shift in sentimentOn-chain data specialist Archie stated that XRP has transitioned out of a consolidation phase, which lasted for over 360 days. Archie suggested that this long correction period provided an opportunity for investor accumulation, forming a possible base for further upward movement and new cycle highs.
XRP’s exit from this lengthy consolidation may signal that market sentiment is shifting decisively in favor of buyers, with a foundation for sustained bullish momentum taking shape.
Many analysts view extended periods of consolidation as a precursor to stronger price movements, especially as sellers diminish and long-term holders increase their positions. The significant push above resistance indicates a possible completion of this transition for XRP.
XRP receives institutional recognitionXRP’s recent positive momentum coincides with its inclusion in Forbes’ list of top four cryptocurrencies to watch, along with Bitcoin, Ethereum, and BNB. This placement reflects XRP’s growing prominence in the digital asset space, driven by Ripple’s cross-border payments network and rising institutional adoption.
Ripple is a US-based technology company known for its digital payment protocols and global payments network, while the XRP Ledger is a decentralized public blockchain used for payments, tokenization, and stablecoins.
Mini dictionary: XRP Ledger, an open-source blockchain focused on fast, cost-effective cross-border payments and token issuance.
Technical patterns support bullish scenarioMarket analyst Gerla pointed out that XRP has confirmed a breakout from a bull flag, a technical chart pattern often seen before an asset continues a prior upward move. Gerla cautioned, however, that this bullish setup must be confirmed by a successful retest of the previous resistance area, which should now act as new support.
Analysts believe that if buyers manage to hold this key level after the breakout, the stage could be set for a push toward $1.24.
At the time of reporting, XRP traded at $1.10, according to CoinCodex, suggesting there is room for additional gains if current buying momentum persists.
PatternImplicationCurrent PriceTarget PriceBull flag breakoutPotential for continuation$1.10$1.24Falling wedge breakoutReversal, end of downtrend$1.10$1.24XRP is also emerging from a falling wedge, another technical formation that frequently signals a reversal and renewed buying interest. As these patterns converge, the likelihood of continued bullish activity has increased.
Outlook and critical levels to watchWith a year-long retracement phase ending and dual technical breakouts underway, XRP’s market outlook has turned more optimistic. Nevertheless, the outcome of the upcoming retest will be crucial in determining whether a sustained uptrend follows.
Several analysts now consider XRP to be in the early stages of a new bull market cycle, with $1.24 identified as a key short-term price target if bulls maintain momentum.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The XRP Ledger has reached another major adoption milestone, surpassing 8 million activated accounts.
The achievement was announced by the XRP Ledger Foundation on Monday.
"The XRP Ledger crossed 8,000,000 activated accounts," the Foundation wrote on X.
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The settlement layer powers the continuous growth of tokenization, payments, and AI agents across XRP DeFi.
Why the 8 million milestone mattersEvery activated XRP Ledger account must permanently lock up a minimum amount of XRP as a base reserve before it can transact. This sets it apart from other blockchain networks.
This anti-spam mechanism prevents the network from being flooded with empty or malicious accounts while ensuring each account has a small economic stake in the ecosystem.
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The current base reserve is 1 XRP, meaning that at least 8 million XRP are now locked across activated accounts alone. While those tokens remain owned by account holders, they cannot be freely spent unless the account is deleted, effectively removing a portion of XRP from active circulation.
Thousands of new accounts every dayCommunity member Krippenreiter noted that adoption has remained remarkably consistent. "Every single day around ~2500 new XRPL accounts get created."
He emphasized that every one of those accounts contributes to the network's base reserve.
"They all need at least 1 XRP to be locked away and marked as 'unspendable' for the base reserve to activate and maintain an active account on the XRP Ledger."
According to Krippenreiter, this applies equally to individual users and the next generation of autonomous software.
"That's true for the everyday person as well as for an AI agent transacting on the XRPL," he said.
Adoption broadens beyond paymentsThe latest milestone comes as the XRP Ledger expands well beyond its traditional focus on cross-border payments.
Ripple and independent developers have increasingly positioned XRPL as infrastructure for tokenized real-world assets (RWAs), decentralized finance (DeFi), stablecoins and AI-powered agentic payments.
This week, Ripple joined the Linux Foundation's x402 Foundation. The initiative aims to establish an open standard for machine-to-machine payments over the internet.
Meanwhile, Ripple's regulated RLUSD stablecoin continues to gain adoption across enterprise finance.
Vincent Van Code, a software engineer and well-known member of the XRP community, has addressed longstanding skepticism regarding the asset’s potential for significant future growth. He directly responded to arguments questioning why major investors are not visibly accumulating XRP if a tenfold or hundredfold price increase is possible.
Institutional accumulation off exchangesVan Code explained that institutional investors have the ability to acquire large amounts of XRP through private transactions, bypassing public cryptocurrency exchanges. These off-market deals, he said, are often invisible to retail participants and do not directly impact exchange trading volumes.
He further suggested that institutional buyers frequently obtain XRP from early holders, some of whom purchased the asset for as little as $0.017. According to Van Code, these long-term investors may be selling significant quantities to institutions seeking a larger allocation without moving the public price.
Addressing the reluctance of prominent investment firms to openly invest in XRP and other digital assets, Van Code noted that internal risk policies remain a significant barrier. Many traditional investment houses still classify cryptocurrencies as speculative and highly volatile, which restricts their involvement regardless of optimistic future outlooks.
Nevertheless, Van Code views the current market environment as a rare window for early adopters. He believes that accumulating XRP for approximately one dollar represents an opportunity to secure exposure at what he considers discounted levels prior to broader institutional adoption.
Van Code emphasized that large investors often use non-public channels to buy XRP, making it difficult for retail traders to detect these moves. He argued that early investors can access opportunities that may not yet be available to mainstream participants.
Mini dictionary: Over-the-counter (OTC) transactions allow investors to trade cryptocurrencies directly with one another, outside of regular exchanges. These deals generally offer higher privacy and can involve much larger volumes compared to traditional exchange trades.
Community comparisons and viewpointsSupporters within the XRP community have echoed Van Code’s perspective. One user, Parker, drew parallels with Bitcoin’s earlier years, pointing out that very few investors accumulated Bitcoin at the $1 level before its price surged.
Parker rejected the notion that the presence of wealthy or institutional buyers automatically precedes large gains, instead attributing breakthrough investment decisions to personal vision and risk tolerance.
Another member, Motorhead, underscored that large investors typically prefer over-the-counter platforms or private pools to conduct high-volume trades rather than utilizing standard retail exchanges. He stressed that such transactions seldom appear in publicly visible order books, keeping much institutional activity out of the spotlight.
Motorhead highlighted that institutional investors tend to use dark pools and OTC markets for their acquisitions, making it unlikely for their purchasing patterns to be obvious to average traders.
Wee Willy, another participant in the discussion, stated that he intends to continue accumulating XRP even if the asset’s price increases to five dollars. He expressed regret about not being able to invest more and shared a similar optimism toward other cryptocurrencies considered compliant with ISO standards. He argued that today’s retail investors have unprecedented access to opportunities that were once limited to high-net-worth individuals or institutions.
The debate over institutional involvement in XRP exposes the varied strategies and considerations shaping today’s digital asset markets. While some view the current environment as a unique entry point, others point to persisting barriers that keep most major firms on the sidelines.
Type of AccumulationVisibility to PublicBuyer ProfilePublic Exchange PurchaseHighRetail, small institutionsOTC/Private TransactionsLowLarge investors, institutionsDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple (XRP) is retracing toward its nearest technical support level of $1.10 as of Thursday. The remittance token has taken a breather after the macro-driven rally earlier in the week.
Interest in XRP remains modest amid easing US inflationSigns of inflation easing in the United States (US) have had a notable boost to risk assets. On Tuesday, the Bureau of Labor Statistics (BLS) CPI report showed that inflation fell by 0.4% in June on a seasonally adjusted basis, marking the sharpest monthly decrease since April 2020.
If risk-on sentiment steadily increases, demand for risk assets, including XRP, would grow, intensifying the tailwind and supporting recovery in the short to medium term. Appetite for crypto assets increased only marginally, as reflected in the Fear & Greed Index. The index is embedded in the Extreme Fear territory at 25 on Thursday, up from 22 the day before.
Crypto Fear & Greed Index | Source: AlternativeXRP retail demand shows marginal improvement, as perpetual futures OI expands to 2.21 billion XRP on Thursday, up from 2.2 billion XRP the previous day.
Despite the mild increase, CoinGlass data shows that the OI holds below the June peak of 2.28 billion XRP. This implies that steady retail demand is critical to stabilizing XRP’s short- to medium-term outlook.
XRP Futures OI | Source: CoinGlassInstitutional appetite for XRP spot ETFs continued to wane on Thursday, evidenced by muted trading activity on Monday, Tuesday, Wednesday and Thursday. The most recent inflows of just $107,000 occurred last Friday, while cumulative deposits remain at $1.48 billion and total net assets at $1 billion, underscoring relative diminishing demand from institutional players in the prevailing market environment.
XRP ETF flows | Source: SoSoValueRipple analysis: XRP stays near key supportXRP trades above $1.10, retaining a bearish near-term bias as price holds below the key Exponential Moving Averages (EMAs), with the 50-day EMA at $1.16 and the 100-day EMA at $1.25 acting as overhead dynamic resistance, well under the longer-term 200-day EMA at $1.46.
The spot price is hovering just above the Bollinger Bands’ middle baseline at $1.10, suggesting only modest near-term support, while the Relative Strength Index (RSI) around 48 keeps momentum neutral and the Moving Average Convergence Divergence (MACD) shows a small positive reading, hinting at a weak recovery attempt that remains structurally capped.
XRP/USDT daily chartOn the topside, initial resistance is seen at the 50-day EMA at $1.16, followed closely by the Bollinger upper band near $1.17, forming a first supply cluster before the 100-day EMA at $1.25 and the 200-day EMA at $1.46 reinforce the broader bearish structure, with the legacy downward trend line anchored at $1.55 marking a far more distant barrier. On the downside, immediate support lies around the former trendline break level at $1.10, ahead of the Bollinger middle band at $1.10, while a deeper slide would expose the lower Bollinger band at $1.03 as the next significant demand zone.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
XRP is sitting near $1.11 today, and traders are watching two things closely: what the price charts are showing, and what happens at a big Washington hearing tomorrow. XRP is still stuck in a long-term downtrend on the bigger picture weekly chart. That bigger trend hasn’t reversed yet.
But on the daily chart, things look a little different. XRP is showing a confirmed bullish divergence on the daily chart, analysts note. In simple terms, that means the price made a low, but the momentum behind that low was actually stronger than the previous one. That’s usually seen as an early warning sign that selling pressure is fading.
Because of that signal, expect XRP to either move sideways for a while or see a small bounce higher. A sideways, choppy move is seen as the more likely outcome for now, since XRP still lacks strong buying momentum. The good news is that the bullish divergence makes a sharp drop lower less likely in the near term.
Levels to watch
Technically, $1.10 is the critical level right now. If XRP holds above $1.10, it could grind higher toward resistance at $1.13 to $1.15, if there is a development around CLARITY Act.
If XRP breaks below $1.10 instead, the next stop would likely be $1.06. A confirmed break below that neckline would open the door to a much deeper drop, with $0.92 as the next major target.
Coins are leaving exchanges
Separately, data shows fewer XRP tokens are sitting on exchanges right now. Binance’s XRP reserves fell to about 2.61 billion tokens, according to new data, continuing a decline that started last year.
Withdrawals from Coinbase have also hit their deepest point of 2026 so far, while a surge in deposits on ByBit earlier this year has fully reversed back to normal levels. When coins leave exchanges, it usually means fewer coins are readily available to sell. So far, though, that trend hasn’t pushed XRP’s price up in a big way.
Why tomorrow’s hearing matters
The House Financial Services Committee will hold a field hearing on July 17 now, in New York, titled “Building the Future of Finance: How CLARITY Act Unlocks Innovation.” The hearing itself can’t pass any laws. Its purpose is to spotlight the industry’s priorities and put pressure on senators who haven’t yet backed the bill.
A final Senate vote on the CLARITY Act is expected between July 27 and August 7. To pass, the bill needs 60 votes, which means some Democratic support will likely be required even if most Republicans back it.
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Crypto analyst EGRAG CRYPTO has identified a critical technical setup for XRP, pointing to a significant compression zone that could determine the asset’s upcoming price direction.
XRP Trades Between 33 EMA and 111 SMAEGRAG CRYPTO, a widely followed market analyst specializing in technical charts, shared fresh analysis of XRP’s 3-week chart. The analysis emphasizes that XRP’s price is currently “trapped” between two long-term moving averages—the 33-period exponential moving average (EMA) above and the 111-period simple moving average (SMA) below.
He described this area as a “compression zone,” marking it as a region where major accumulation and consolidation has historically taken place ahead of sharp price advances.
EGRAG CRYPTO stated that, “On the 3-week chart, XRP is trapped between two critical macro indicators: 33 EMA and 111 SMA. Historically, this zone has acted as a major compression and accumulation structure.”
On the 3-week chart, XRP is trapped between two critical macro indicators: 33 EMA and 111 SMA. Historically, this zone has acted as a major compression and accumulation structure.
The technical focus on the 33 EMA and 111 SMA is intended to filter out short-term volatility and provide insight into larger market trends.
Mini dictionary: 33 EMA and 111 SMA, commonly used moving averages in technical analysis, help identify long-term price support and resistance zones.
XRP’s Historical Corrections are ShrinkingEGRAG CRYPTO compared the scale of corrections across several previous market cycles for XRP. The chart’s first major pullback showed a drop of 46%, the second fell 32%, and the current phase has so far marked a decline of around 21%.
Market CycleCorrection (%)First-46%Second-32%Current-21% (ongoing)The analyst suggested this pattern indicates weakening selling pressure, as the depth of each new correction becomes smaller. XRP has managed to hold above a multi-year rising trendline through the latest downturn.
Key Technical Levels and Resistance ZonesEGRAG CRYPTO highlighted several technical milestones he considers critical for any major breakout. He underscored the importance of holding support at the 111 SMA, reclaiming the 33 EMA overhead, and then breaking above a resistance area spanning $1.60 to $2. Previous attempts to clear this zone have not resulted in a lasting rally. He suggested that a sustained move above this area would confirm a completed consolidation and set the stage for a potential strong uptrend.
The analysis suggests XRP needs to hold the 111 SMA, reclaim the 33 EMA, then decisively cross the $1.60-$2 range. Only then could the asset attempt a major breakout.
The horizontal resistance zone near $1.60 to $2 has proven to be a major supply area. According to the chart, only a decisive move above this range could trigger larger upside moves for the asset.
Potential Price Targets After BreakoutIf XRP manages to confirm a breakout above the resistance, the analysis sets post-breakout price targets at $17, $27, $35, and a “Perfect Measured Move” at $42. These targets are based on technical projections and historic long-term consolidation periods, which, according to the analyst, have preceded sizable advances in past cycles.
Rather than depending on short-term fluctuations, this outlook prioritizes repeating technical patterns that have emerged across multiple market cycles in $XRP.
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.
Cryptocurrencies are broadly consolidating on Thursday, while Bitcoin (BTC) retreats toward support at $64,000. Ethereum (ETH) hovers below $1,800, with its upside seemingly limited, following a macro-driven rally. Meanwhile, Ripple (XRP) sits on top of the reclaimed $1.10 support, reflecting the broader cool-down in the market.
Retail interest softens, weighing on broader market sentimentRetail interest in Bitcoin is losing momentum, as the perpetual futures Open Interest (OI) has shrunk to 747,000 BTC on Thursday, down from 755,000 BTC the previous day. If the current correction persists, overhead pressure could limit BTC’s recovery and deepen the pullback below $64,000.
Bitcoin Futures OI | Source: CoinGlassEthereum derivatives paint a picture similar to Bitcoin's, with perpetual futures OI rising marginally to 14.36 million ETH on Thursday from 14.3 million ETH the day before. However, a broader scope shows a persistent decline from nearly 16 million ETH on May 28.
Ethereum Futures OI | Source: CoinGlassRetail demand also shows marginal improvement, as perpetual futures OI expands to 2.21 billion XRP on Thursday, up from 2.2 billion XRP the previous day.
Despite the mild increase, CoinGlass data shows that the OI holds below the June peak of 2.28 billion XRP. This implies that steady retail demand is critical to stabilizing XRP’s short- to medium-term outlook.
XRP Futures OI | Source: CoinGlassBitcoin analysis: Bitcoin rallies remain vulnerable Bitcoin trades above $64,000 following a correction from its weekly high of $65,600. The price holds below the 50-day, 100-day and 200-day Moving Average Exponential (EMA) at $65,119, $68,446 and $74,480 respectively. This alignment of key EMAs overhead suggests rallies remain vulnerable, even as the Relative Strength Index (RSI) indicator at 53 and the Moving Average Convergence Divergence (MACD) above zero with a positive line reading around 431 hint at mildly improving momentum rather than a decisive bullish shift.
BTC/USDT daily chartInitial resistance lies at the 50-day EMA near $65,119, followed by the 100-day EMA at $68,446 and then the 200-day EMA at $74,480 as a broader trend cap. On the downside, the Parabolic SAR at $62,272 offers the first notable support, and a daily close below this level would likely expose deeper retracement as buyers lose their most immediate technical floor.
Altcoins outlook: XRP struggle to build momentumEthereum hovers near $1,900, retaining a bullish near-term bias as price holds above the 50-day Exponential Moving Average (EMA) at $1,811 and the Parabolic SAR at $1,773. The pair is still capped by the 100-day EMA at $1,944., while the longer-term 200-day EMA at $2,190 looms as a broader structural barrier.
Momentum remains constructive, with the RSI at 63 leaning toward overbought territory and the MACD above zero with a positive reading around 24, which together suggest persistent buying interest but also raise the risk of a pause or shallow correction.
ETH/USDT daily chartImmediate support is lies at the 50-day EMA near $1,811, followed by the latest Parabolic SAR signal at about $1,773, where dip-buying could re-emerge if volatility picks up. On the topside, initial resistance aligns at the 100-day EMA around $1,944. A sustained break above this level would open the door for a push toward the 200-day EMA near $2,190, a zone that would likely attract profit-taking and test the strength of the current recovery phase.
XRP, on the other hand, trades above $1.10, retaining a bearish near-term bias as price sits beneath the key moving averages. The 50-day EMA at $1.16 is the first overhead cap, followed by the Bollinger Bands upper band near $1.17, while the 100-EMA at $1.25 and 200-EMA at $1.46 reinforce a broader downtrend structure.
The RSI at 48 is neutral, and the MACD holds slightly positive territory with a modestly bullish reading, hinting that downside pressure is moderating rather than reversing.
ETH/USDT daily chartOn the downside, immediate support aligns with the Bollinger Bands middle band at $1.10, just below spot, with the lower band near $1.03 acting as a deeper cushion if selling resumes. On the topside, a sustained break above the 50-EMA at $1.16 would be the first signal that bears are losing control, opening the way toward the $1.17 Bollinger upper band. A recovery above the 100-EMA at $1.25 would start to challenge the prevailing bearish framework defined by the distant 200-EMA at $1.46.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
