XRP is flashing several warning signs as key market indicators continue to weaken. Market signals suggest deeper changes in momentum and liquidity. The full picture reveals why this moment could be important. Why Are XRP Traders Stepping Back From the Market? Cryptoquant shared two analyses on July 9 that point to continued selling pressure, with […]
A surging US dollar could tighten global financial conditions, impacting Bitcoin's liquidity and speculative investment flows.
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The post Ripple (XRP) News Today: July 9 appeared on BitcoinEthereumNews.com.
A breakdown of the latest and most significant updates around Ripple and XRP. Ripple announced several deals and key partnerships over the past few days, further boosting the buzz surrounding the company. However, the positive news has failed to trigger a major resurgence for XRP, yet certain analysts believe a big breakout could be on the horizon. The Recent Developments On July 4, the USA celebrated its 250th Independence Day, a historic milestone filled with nationwide special events. Ripple joined the festivities by partnering with a nonprofit that helps unemployed veterans find high-quality jobs after service. The ultimate goal is to secure jobs for 200,000 affected people by 2030, with Ripple matching donations up to $10,000. Two days later, the company disclosed breaking news from the other side of the globe. It received full authorization as a Crypto Asset Service Provider (CASP) from Luxembourg’s C
Ripple Prime draws attention over claimed DTCC links, NSCC listing, FICC access, XRPL settlement plans, and RLUSD collateral use. Ripple Prime has drawn fresh attention after market analysis linked it to DTCC-related clearing rails. The discussion centers on whether the platform could connect institutional flows with the XRP Ledger. According to the supplied claims, Ripple […]
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The post XRP Open Interest on Binance Hits a Three-Month Low: What It Means for Price appeared on BitcoinEthereumNews.com.
XRP futures open interest on Binance has fallen to roughly 397 million XRP, its lowest level in over three months. The decline arrives as the token trades at $1.09. Here is what the drop means, how spot data contrasts, and what could come next for the price. What the XRP Open Interest Decline Actually Means Open interest measures the total number of outstanding derivative contracts in a market. A decline in this metric, especially alongside price weakness, often reflects deleveraging as traders reduce or close their existing positions. On Binance, the drop signals lower speculative activity in XRP futures compared to previous periods. Furthermore, the metric is now at its weakest level in over three months, suggesting a cooling appetite for leveraged exposure. CryptoQuant analyst Arab Chain clearly framed the trend. The analyst wrote that the decline points to “a s
The post Ripple (XRP) Price Predictions for This Week (July 9) appeared on BitcoinEthereumNews.com.
XRP’s price has approached $1 in recent weeks, and now the key question is whether that level can halt the decline. Ripple (XRP) Price Predictions: Analysis Key support levels: $1 Key resistance levels: $1.3, $1.6, $2 Sellers are Returning After a short relief rally towards $1.18, sellers have returned and seem to have full control over XRP. In the last four days, the price has been falling without any bounce and appears ready to test the key support at $1 again. In late June, the price hovered just above $1 for several days before buyers managed to push XRP higher. However, this could turn out to be a dead cat bounce before new lows. That’s because the overall trend remains bearish. Source: TradingView Buyers Vanished Since last Sunday, buyers have vanished from the order book. As soon as the price touched $1.18, buy pressure collapsed, paving the way for sellers to take control. The o