Category: Cryptocurrency

  • Binance Records $213M USDT Inflow in 24 Hours: What It Means for Traders

    Binance Records $213M USDT Inflow in 24 Hours: What It Means for Traders

    Binance, the world’s leading cryptocurrency exchange by trading volume, registered a net inflow of $213 million in USDT (Tether) during the past 24 hours, according to data from CoinGlass. The sharp increase in stablecoin deposits has drawn attention from market participants, who are closely monitoring whether the fresh capital will be deployed into crypto purchases or remain idle.

    Understanding Net Inflows and Trading Capacity

    Net inflow measures the difference between assets entering and leaving an exchange. A positive figure indicates that more capital arrived than was withdrawn. USDT, the largest stablecoin by market capitalization, is widely used for settlement across centralized exchanges and serves as a base currency in spot and derivatives markets. Large deposits are often viewed as “dry powder” — available trading capital that can be quickly converted into Bitcoin, Ethereum, or other digital assets.

    Why Binance Attracts Large Transfers

    Binance dominates the cryptocurrency exchange landscape in both spot and derivatives trading volume. Its deep liquidity and extensive product range make it a preferred platform for traders seeking efficient execution. Many traders also deposit USDT as collateral for USD-margined perpetual contracts. Thus, rising balances can support either spot purchases or leveraged derivatives activity. While a concentrated inflow may indicate trader preference for Binance’s liquidity, the exchange’s dominant market share naturally directs a large portion of industry transfers toward it.

    Interpreting a One-Day Surge

    A single 24-hour inflow does not automatically translate into immediate crypto buying. Whales may move funds between wallets, institutions may use Binance for settlement or treasury management, and market makers often rebalance inventory across exchanges. Funds transferred between hot and cold wallets also do not generate new trading demand. The key question is whether the deposited USDT will enter crypto positions, support lending, serve as collateral, settle over-the-counter transactions, or be withdrawn shortly after arrival.

    Earlier monitoring data identified a separate transfer of 40.54 million USDT out of Binance. Market participants track both directions because each movement offers limited information without supporting indicators. Exchange flow data becomes more useful when spot volume rises alongside deposits, and increasing derivative open interest can confirm whether traders are building larger positions.

    What to Watch Next

    Binance’s $213 million net USDT inflow increased available trading capital, but it does not confirm immediate crypto purchases. Traders should monitor continued deposits, changes in spot volume, and derivatives activity over several sessions. Repeated inflows across multiple days would provide stronger evidence of sustained capital movement, helping distinguish broad market positioning from routine institutional or exchange operations.

  • Trump’s $1.4 Billion Crypto Income Fuels Conflict-of-Interest Concerns

    Trump’s $1.4 Billion Crypto Income Fuels Conflict-of-Interest Concerns

    President Donald Trump reported earning at least $1.4 billion in cryptocurrency-related income over the past year, according to a Bloomberg review of his latest annual financial disclosure. The filing connects his personal wealth to major digital asset ventures while his administration shapes federal crypto policy.

    Filing Details Trump’s Crypto Revenue

    The disclosure covers income linked to the TRUMP memecoin, World Liberty Financial tokens, Bitcoin, and other digital assets, though it does not provide a complete breakdown for every source. The TRUMP memecoin alone generated hundreds of millions of dollars, with its market price reacting to Trump’s public remarks, political events, and signals about federal crypto policy. World Liberty Financial, a Trump-linked decentralized finance project, also contributed heavily to the reported income and operates within policy areas covering stablecoins, token classification, trading access, and digital asset oversight. The project has pursued plans to make its governance token tradable, placing it within current debates on liquidity, digital asset trading, and regulatory classification.

    Policy Decisions Draw Greater Scrutiny

    The disclosure comes as the administration supports stablecoin legislation, tokenization, Bitcoin mining, and a softer approach toward federal crypto enforcement. The SEC and CFTC remain central to those policy decisions. Previously, BTCUSA reported that more than 20% of Trump administration officials held crypto assets, increasing attention on how officials manage investments while developing rules for the same market. Trump’s support for Bitcoin mining also attracted scrutiny after the purchase of MARA Holdings shares. The latest filing provides a broader view of his financial exposure to the cryptocurrency industry.

    The question now follows decisions involving enforcement, exemptions, token rules, and product approvals: How can federal regulators preserve public trust when presidential wealth depends heavily on the industry they oversee?

    Markets Monitor Political and Regulatory Links

    Crypto markets reacted cautiously to the disclosure, with the response following confirmation of the scale of Trump’s crypto income rather than any new revelations. The filing also renewed attention on links between Trump’s policy agenda and his family’s crypto ventures, covering memecoins, decentralized finance, stablecoins, token trading, and direct digital asset holdings. Critics have previously described the administration’s crypto-friendly approach as a potential conflict between policymaking and private financial interests. The disclosure gives lawmakers a specific income figure for further examination.

    The TRUMP memecoin gala had already drawn attention to the relationship between political access and cryptocurrency ownership. Now, the annual filing adds detailed financial context before the 2026 midterm elections. Meanwhile, federal agencies continue handling rules that can affect Trump-linked ventures and the wider market, including stablecoins, token classifications, enforcement priorities, trading permissions, and approvals for new crypto products.

    What’s Next?

    Trump’s $1.4 billion crypto income connects his personal wealth to memecoins, DeFi, Bitcoin, and federal digital asset policy. The disclosure increases scrutiny of regulatory independence and potential conflicts of interest. Investors and lawmakers should closely assess how future decisions may affect both public policy and Trump-linked ventures.

  • XRP Surpasses Bitcoin in Upbit Volume as $1.15 Becomes Next Target

    XRP Surpasses Bitcoin in Upbit Volume as $1.15 Becomes Next Target

    XRP has overtaken Bitcoin in 24-hour trading volume on Upbit, South Korea’s largest digital asset exchange, as the token holds above the reclaimed $1.10 level. The surge in activity places XRP among the busiest assets on the platform and shifts market focus toward the $1.15 resistance level.

    XRP Overtakes Bitcoin in Upbit Trading

    Over the past 24 hours, XRP recorded approximately 113.18 million XRP in trading volume on Upbit, surpassing Bitcoin during that period. South Korea has historically been a major hub for XRP trading, and sharp increases in activity on Korean exchanges often attract broader market attention.

    Rising volume alongside price typically signals wider market participation, suggesting that more buyers have entered the market rather than a narrow group of traders driving the move. However, volume alone does not guarantee sustained gains — price direction depends on whether buyers can maintain support and absorb renewed selling pressure.

    Break Above $1.10 Changes the Technical Setup

    XRP recently reclaimed the $1.10 level after struggling for weeks to break above it. Previous recovery attempts repeatedly stalled at that zone, making the latest breakout more significant for traders. Buyers have so far defended support above the former resistance, helping XRP form a sequence of higher highs and higher lows — a pattern often associated with strengthening bullish momentum.

    Still, the structure remains incomplete without sustained buying above the breakout zone. A quick drop below $1.10 could weaken the setup and return XRP to sideways trading. Conversely, continued support would keep the $1.15 level as the next critical test for buyers.

    Low Average Returns Fuel Relief Rally Expectations

    A recent Santiment Data post highlighted historically low average returns on the XRP Ledger, which analysts have linked to the potential for a relief rally. This development coincides with signs of altcoin rotation in the broader cryptocurrency market. XRP’s price action is therefore unfolding within a mixed market that continues to send uneven signals.

    Traders are closely monitoring average returns, trading activity, and nearby technical levels to gauge whether the current move develops into a stronger trend or loses momentum. Regulatory clarity and institutional interest have also kept XRP in focus throughout 2026, while ongoing development on the XRP Ledger supports continued attention on the asset.

    Cryptocurrency markets remain volatile, and prices can change rapidly. Readers should conduct independent research before making investment decisions.

  • XRP, Shiba Inu, and Solana Near Critical Breakout Levels as Market Sentiment Improves

    XRP, Shiba Inu, and Solana Near Critical Breakout Levels as Market Sentiment Improves

    XRP, Shiba Inu (SHIB), and Solana are approaching pivotal resistance levels after extended price declines. Rising trading volume and improving momentum now support fresh recovery attempts across all three assets. While XRP remains within a broader bearish structure, SHIB still faces multiple moving-average barriers. Solana has built the strongest recovery pattern, though major resistance lies directly ahead.

    XRP Builds Momentum Toward $1.50

    XRP has spent several weeks attempting to stabilize after breaking below its multi-month trading range. The token found support near the psychological $1 level and has since advanced toward resistance around $1.12. Trading volume increased by more than 20%, indicating renewed participation. Although rising activity alone cannot confirm a breakout, larger price moves typically require stronger market involvement.

    XRP has recovered its short-term moving average, while the Relative Strength Index (RSI) has climbed steadily from oversold territory, signaling improving momentum. The 50-day and 100-day moving averages now form a key resistance cluster near the current price. A clean move above that area would strengthen XRP’s short-term technical position. After that, buyers would need to reclaim $1.29. Holding above that level would make a move toward $1.50 more achievable, although the wider bearish trend would remain intact.

    Shiba Inu Confronts Heavy Resistance

    Shiba Inu has bounced from support between $0.0000041 and $0.0000042 and now trades near $0.00000436 after several weeks of sustained selling pressure. The RSI has recovered from oversold territory, suggesting sellers have lost some momentum. However, SHIB remains below its 50-day, 100-day, and 200-day moving averages.

    Its first technical barrier sits near $0.00000459, where the short-term moving average currently stands. Previous recovery attempts struggled to maintain strength above that level. Can SHIB attract enough demand to reclaim the psychological $0.000005 mark? Bulls must first clear $0.00000459 before challenging the 100-day moving average near $0.0000050. Beyond that point, resistance remains near $0.00000544 and $0.00000649. Volume has increased during recent sessions but has not shown the force commonly linked with major trend reversals, so SHIB still lacks a confirmed breakout signal.

    Solana Tests a Major Recovery Threshold

    Solana has rebounded sharply from its June lows near $65 and now trades around $81. The advance has moved SOL above its short-term and medium-term moving averages. The next battle sits between $82 and $85. That zone combines the 100-day moving average with former support levels that became resistance after the earlier breakdown.

    Momentum has strengthened, with the RSI approaching 65 without entering extreme overbought territory. Trading volume has expanded throughout the recovery phase. Unlike several earlier rallies, Solana’s advance has attracted rising participation, indicating stronger market involvement as SOL approaches its immediate resistance range. Bitcoin and Ethereum have also stabilized, reducing pressure on major altcoins and giving Solana more room to trade based on its own technical structure. The descending 200-day moving average remains the main long-term barrier. A rejection near current levels could send SOL toward $75, where the 50-day moving average sits.

    What’s Next?

    XRP, Shiba Inu, and Solana are testing major resistance levels after recent recoveries. Rising volume and stronger momentum support further gains, but each asset still faces technical barriers. Traders should watch for confirmation above key price zones before expecting a sustained breakout.

  • Dogecoin Price Analysis July 2026: Historical Trends Signal Key Support at $0.072

    Dogecoin Price Analysis July 2026: Historical Trends Signal Key Support at $0.072

    Dogecoin (DOGE) is trading near $0.074 as July 2026 begins, following a sharp correction earlier this year. The meme coin now sits at a critical juncture, with traders closely watching the $0.072 support level to determine its next move. Historical trends suggest DOGE’s performance in July will largely depend on the broader cryptocurrency market, particularly Bitcoin’s trajectory.

    Historical July Trends for Dogecoin

    July has historically been an unpredictable month for Dogecoin. Unlike cryptocurrencies driven by project-specific updates, DOGE tends to follow the overall market sentiment. During the 2021 rally, the coin soared after Elon Musk’s public support, but subsequent years have shown a different pattern.

    Over the past five Julys, Dogecoin has closely tracked Bitcoin. When Bitcoin performed well in the third quarter, DOGE often delivered gains of 10% to 35%. Conversely, during weak market conditions, Dogecoin remained flat or declined further. This pattern indicates that July 2026’s outcome hinges on the wider crypto market.

    Technical Indicators Show Weakness

    Current technical data reveals Dogecoin under pressure. The coin has dropped below several key moving averages, signaling seller control. The most critical support level is $0.0720. A break below this floor could trigger further selling toward $0.06 to $0.065. On the upside, resistance sits near $0.09, with a potential target of $0.117 if buying pressure returns.

    Market Sentiment and Key Factors

    Investor confidence remains low, with sentiment trackers showing ‘Extreme Fear’ across the crypto market. Dogecoin, heavily reliant on retail investors, is particularly sensitive to this mood. Several factors could shift the outlook:

    • Broader market recovery: A Bitcoin rebound could lift DOGE.
    • Developer updates: Ongoing improvements to payment systems and wallet upgrades may strengthen Dogecoin’s utility.
    • Elon Musk’s influence: Any public comment from Musk could quickly move the price.

    Price Scenarios for July 2026

    Based on historical trends and current conditions, three scenarios are possible:

    • Bearish: If $0.072 support breaks, DOGE could fall to $0.06–$0.065.
    • Neutral: Sideways trading between $0.07 and $0.085 if market conditions remain quiet.
    • Bullish: A market upturn could push DOGE above $0.09 toward $0.11–$0.12.

    Final Outlook

    Technical signals remain weak, and sentiment is poor. However, if Dogecoin holds above $0.07, recovery potential exists. July will be a decisive month for investors. A stronger crypto market could enable DOGE to recover, while continued weakness may bring further downside in the second half of 2026.

    Frequently Asked Questions

    What is Dogecoin’s current price in July 2026?

    Dogecoin trades near $0.074, fluctuating between $0.071 and $0.075 after steep drops earlier this year.

    Why is Dogecoin under pressure?

    DOGE faces ‘Extreme Fear’ in the market, low retail confidence, and selling pressure that dragged it below key moving averages.

    What is the most important support level for DOGE?

    The critical support zone is $0.072. Breaking below could lead to a drop toward $0.06–$0.065.

    Can Dogecoin rise this month?

    Yes, if Bitcoin rebounds. A bullish reversal could help DOGE clear $0.09 resistance and reach $0.11–$0.12.

    What price target do analysts expect for 2026?

    If market conditions improve, analysts forecast Dogecoin could recover toward $0.10.

  • XRP Price Outlook for July 2026: Key Levels, ETF Inflows, and Regulatory Hurdles

    XRP Price Outlook for July 2026: Key Levels, ETF Inflows, and Regulatory Hurdles

    July 2026 has become a pivotal month for XRP as the cryptocurrency attempts to recover from a sharp June decline. Currently trading between $1.04 and $1.09, XRP is holding above the critical $1.00 support level. Market analysts are closely watching whether the token can break resistance at $1.10 to open a path toward $1.40–$1.60.

    June Correction and Market Pressure

    June was a difficult month for XRP holders. The token fell from around $1.30 to nearly $1.04, a 22% loss, and now sits about 70% below its 2025 peak near $3.65. Historically, July has been a positive month for XRP, with average gains close to 10%, offering some hope for a recovery if sentiment improves.

    Institutional Demand Remains Strong

    Despite the price drop, institutional investors continue to pour money into XRP-focused exchange-traded funds. XRP spot ETFs have recorded eight consecutive weeks of positive inflows, totaling approximately $1.47 billion. This sustained institutional buying signals confidence in XRP’s long-term value, even amid short-term weakness.

    Whale Accumulation and Network Activity

    On-chain data reveals that large XRP holders, or whales, have been quietly accumulating. Exchange outflows jumped nearly 200% in late June, indicating that investors are moving tokens to private wallets rather than selling. Additionally, new wallet creation has hit a three-month high, suggesting fresh market interest. Lower exchange supply often supports price recovery when demand rises.

    Regulatory Developments in Focus

    The proposed CLARITY Act in the United States could be a game-changer for XRP. This legislation aims to provide clear legal treatment for digital assets, including XRP. A positive outcome would boost institutional confidence and attract capital, while delays or negative decisions could trigger volatility. Regulatory uncertainty has long weighed on XRP, making this month’s developments crucial.

    Technical Levels to Watch

    The immediate support floor is $1.00; losing this level could lead to a decline toward $0.93 or even $0.80. On the upside, breaking above $1.10 is the first hurdle, followed by $1.25. If bullish momentum returns, analysts see potential for a move to $1.50.

    Price Scenarios for July 2026

    • Neutral: XRP trades in the $1.00–$1.20 range without a strong catalyst.
    • Bearish: A break below $1.00 could push the token to $0.85–$0.90.
    • Bullish: Successful breakout above $1.10 could lead to $1.40–$1.60.

    Broader forecasts still suggest XRP could finish 2026 between $2.00 and $2.80 if the crypto market recovers in the second half of the year.

    Final Outlook

    July 2026 is a make-or-break month for XRP. While retail fear lingers after June’s drop, relentless institutional ETF inflows and aggressive whale accumulation indicate that major players are betting on a rebound, especially with potential regulatory clarity from the CLARITY Act. The next few weeks will determine whether XRP can rally or face further correction.

  • Ethereum Institutional Launches as Independent Nonprofit Backed by Bitmine, Sharplink, and Joe Lubin

    Ethereum Institutional Launches as Independent Nonprofit Backed by Bitmine, Sharplink, and Joe Lubin

    Ethereum Institutional has officially launched as an independent nonprofit organization, marking a significant step in bridging Ethereum with traditional financial institutions. The initiative is backed by Bitmine Immersion Technologies, Sharplink Inc., and Ethereum co-founder Joe Lubin.

    The organization aims to serve as a dedicated gateway for banks, asset managers, custodians, fintech companies, market operators, and government institutions looking to engage with the Ethereum ecosystem. It will focus on outreach, coordination, and market access rather than trading, software development, or protocol research.

    David Walsh, who led the Ethereum Foundation’s enterprise unit for over five years, has been appointed as executive director. Alongside co-founder Matthew Dawson, Walsh previously built institutional relationships through the foundation, establishing a network of more than 500 institutional contacts. That network includes senior figures from both traditional finance and the digital asset industry.

    In early 2026, before the official launch, the Institutional Ethereum Forum attracted over 150 senior executives representing approximately $250 trillion in assets under management—demonstrating early access to major financial institutions.

    Board Composition and Strategic Backing

    Bitmine and Sharplink provide anchor funding for Ethereum Institutional. Both publicly listed companies hold substantial Ethereum reserves and rank among the largest publicly traded ETH treasury firms. The board includes Bitmine chairman Tom Lee, Sharplink CEO Joseph Chalom, and David Walsh. Joe Lubin, co-founder of Ethereum and CEO of Consensys, also supports the initiative.

    The treasury companies have a direct financial interest in broader Ethereum adoption, as greater institutional demand could increase ETH prices and raise the value of their corporate reserves. The organization maintains it will operate as a neutral body for the wider ecosystem.

    Global Expansion Plans

    Ethereum Institutional will initially operate across New York, London, Hong Kong, and Singapore, with plans to expand into Zurich, Frankfurt, Tokyo, and Abu Dhabi. These cities are among the world’s main centers for banking, asset management, capital markets, and digital finance, providing access to institutions that may consider Ethereum-based financial services.

    Complementary Organizations

    The launch follows the creation of EthLabs, another independent organization supported by the same anchor financiers. While EthLabs focuses on protocol research and infrastructure, Ethereum Institutional handles financial-sector outreach. Both organizations describe their operations as complementary parts of Ethereum’s next development phase.

    Their formation comes during a wider restructuring at the Ethereum Foundation, which has reduced its workforce by 20% and introduced the CROPS mandate as part of its strategic realignment. The foundation now transfers specialized responsibilities to independently funded organizations, with former foundation employees leading these units while private backers provide financial support and direct board participation.

    As a result, institutional engagement now moves outside the foundation’s nonprofit core. Ethereum Institutional will manage those relationships through a structure linked more closely to Ethereum treasury companies and infrastructure providers.

    What’s Next

    Ethereum Institutional brings formal coordination to Ethereum’s engagement with banks, asset managers, custodians, and public institutions. Backed by Bitmine, Sharplink, and Joe Lubin, the nonprofit enters with an established network and global expansion plan. Its progress will show whether structured outreach can deepen institutional Ethereum adoption while preserving operational neutrality.

  • Standard Chartered Launches Direct USDC Minting and Redemption for Institutional Clients in Dubai

    Standard Chartered Launches Direct USDC Minting and Redemption for Institutional Clients in Dubai

    Standard Chartered has become the first Global Systemically Important Bank to offer direct USDC minting and redemption services to eligible institutional clients. The service, launched through the bank’s Dubai International Financial Centre operations on July 2, 2026, integrates banking, custody, and digital asset access into a single onboarding process.

    In partnership with Circle, the issuer of USDC, Standard Chartered enables institutions to mint and redeem the stablecoin without needing a separate account with Circle. The bank stated that this launch marks the initial phase of a broader stablecoin strategy, with plans to expand into additional markets pending regulatory approvals.

    Dubai Operations Open USDC Access for Institutions

    Standard Chartered is the first systemically important bank licensed to offer institutional access to USDC minting and redemption through its own platform. The service connects fiat banking, digital asset infrastructure, and public blockchain networks under the bank’s existing compliance, governance, and risk management frameworks.

    Eligible clients can now access USDC through the bank’s Dubai operations. Future market expansions will depend on regulatory clearance and local market readiness, though the bank has not yet specified which regions will follow.

    This launch adds another regulated digital asset service to the United Arab Emirates, which has been developing a robust blockchain and stablecoin ecosystem. However, Standard Chartered has not disclosed client numbers, transaction limits, fees, or minimum account requirements.

    Service Supports Settlement, Treasury, and Liquidity

    The service targets institutional use cases such as on-chain settlement, treasury operations, and liquidity management. Clients can move value between traditional banking systems and blockchain networks through a single provider.

    Standard Chartered plans to combine banking, custody, and digital asset services within the same institutional offering, applying its normal controls to stablecoin-related transactions. Roberto Hoornweg, CEO of the bank’s corporate and investment banking division, noted that digital assets are becoming a key part of global financial infrastructure and that institutional clients expect “the same levels of trust and governance” found in traditional markets.

    The current offering focuses on minting and redemption. Clients can create USDC by transferring eligible funds through the bank and redeem the stablecoin back into fiat currency. Payment-related services remain under development, with no launch date announced.

    Circle Partnership Expands Institutional USDC Access

    Circle provides the USDC infrastructure behind the service. The company issues the stablecoin through regulated entities and manages the minting and redemption process. Kash Razzaghi, Circle’s Chief Commercial Officer, said financial institutions are seeking “trusted ways to access stablecoins” and blockchain-based markets, and that the partnership could support settlement, payments, and treasury operations while maintaining compliance standards.

    As of July 2, 2026, USDC traded near $1.00, with a market capitalization of approximately $73.2 billion and a 24-hour trading volume of about $15.6 billion. The stablecoin operates across several public blockchain networks and is widely used for transfers, settlement, trading, and liquidity management.

    Future versions of the service may support payment-related uses, but the bank has not provided a timeline. Retail customers are not included in the initial rollout.

  • Bitcoin, Ethereum, and XRP Surge Ahead of $2.2 Billion Options Expiry

    Bitcoin, Ethereum, and XRP Surge Ahead of $2.2 Billion Options Expiry

    Crypto markets rallied on July 3 as Bitcoin, Ethereum, and XRP climbed ahead of a major options expiry totaling over $2.2 billion. The upward movement followed weaker-than-expected U.S. payroll data, which strengthened expectations for a Federal Reserve rate cut. The rally was further fueled by nearly $300 million in short liquidations, improved liquidity signals, and deep unrealized losses among holders that historically precede market recoveries.

    Bitcoin Options Signal Bullish Shift

    Bitcoin rose more than 6% to approximately $62,000 after a recent market reset, moving above its seven-day moving average. Deribit data showed $1.9 billion in Bitcoin options expiring with a put-to-call ratio of 0.70 and a maximum pain level near $61,000. The market price hovered around $61,626, with traders showing stronger interest in contracts above $61,500 and upcoming calls at $64,000, $66,000, and $70,000. Call trading volume exceeded put volume in the previous 24 hours, producing a bullish 0.75 put-to-call ratio across active Bitcoin options.

    Falling implied volatility and a rising 25-delta skew indicated that options markets were shifting from panic toward greater stability. This shift suggests that stronger call demand and improving volatility measures could support a wider recovery as traders move beyond the July 3 expiry.

    Ethereum and XRP Recover on Rate-Cut Hopes

    Ethereum traded near $1,713 before $230 million in options expired, with a maximum pain price of approximately $1,650. The expiry carried a 1.29 put-to-call ratio, though that figure declined toward one as traders opened September calls around the $2,500 strike. Deribit data assigned Ethereum a 91% probability of finishing above $1,700, reflecting stronger positioning after the recent rebound.

    XRP gained about 5% in 24 hours, trading near $1.10 as softer employment data strengthened expectations for a future Federal Reserve rate cut. Approximately $3.7 million in XRP options reached expiry with a 1.06 put-to-call ratio and a maximum pain level near $1.06. Deribit data also indicated a possible $1.14 XRP target by the end of July as the market continued to recover.

    Holder Losses and July Seasonality Shape Outlook

    Santiment data showed deep unrealized losses across short-term and long-term holder groups, with 30-day and 365-day MVRV ratios near minus 45% and minus 47%. The MVRV ratio, which compares market value with realized value, offers insight into how current prices differ from the average token cost basis. Large negative readings have historically appeared after speculative excess declined, leaving a market with fewer short-term participants and more conviction-driven holders.

    Bitcoin still traded below its 30-day moving average, while 10x Research identified continued supply pressure from large transfers to the Gemini exchange. The Winklevoss twins transferred about $67 million in Bitcoin and Ethereum to Gemini, a move linked to profit-taking pressure. However, long-term holders increased purchases, helping to form a firmer price floor after Federal Reserve Chair Kevin Warsh avoided signaling immediate interest rate increases.

    Markus Thielen of 10x Research noted that July has historically delivered Bitcoin’s strongest monthly performance, averaging 9.1% gains before flatter trading in August and September.

    What’s Next for Crypto Markets?

    Bitcoin, Ethereum, and XRP gained ahead of the $2.2 billion options expiry as weaker U.S. jobs data increased rate-cut hopes. Strong call demand, short liquidations, and renewed long-term buying supported the rebound. Traders should now watch key expiry levels and liquidity trends for signs of sustained recovery.

  • XRP Climbs to $1.11 as Ripple Boosts RLUSD Minting on XRP Ledger

    XRP Climbs to $1.11 as Ripple Boosts RLUSD Minting on XRP Ledger

    XRP rose 1.33% to trade near $1.11 within 24 hours, outperforming Bitcoin’s 0.61% increase and the broader crypto market’s 0.97% rise. The token maintained a 9.37% weekly gain, though declining trading volume indicated limited buying pressure.

    Market data points to a broad crypto recovery as the primary driver of XRP’s move. The token tracked the wider market but posted stronger gains. No clear token-specific catalyst appeared in the price data, while trading volume fell 16.26%. Traders are monitoring whether XRP can sustain support between $1.05 and $1.10 and test resistance near $1.15.

    XRP Outpaces Bitcoin as Volume Falls

    XRP’s daily gain placed it ahead of Bitcoin and the crypto market. The relative strength suggests selective demand, although the move still followed the wider market direction. The Altcoin Season Index also dropped to 46, indicating that capital has not strongly shifted into altcoins.

    The lower trading volume limits confirmation of the advance. A daily close above $1.12 could support a move toward $1.15, while a drop below $1.08 may signal weaker momentum. Bitcoin’s next move will also be critical, as a broad market decline could pressure XRP without a new coin-specific event.

    Ripple Expands RLUSD Supply on XRP Ledger

    Ripple increased RLUSD minting across the XRP Ledger (XRPL) and Ethereum, issuing a total of $291.6 million. Approximately $225.8 million, or 77%, was minted on XRPL, while Ethereum accounted for about $65.8 million.

    On July 1, Ripple minted roughly $169.8 million and burned $150,000, with nearly all issuance on XRPL. On July 2, the company minted $121.8 million and burned $68.1 million across both networks. After the two-day activity, XRPL recorded a net supply increase of $167.7 million, while Ethereum added about $55.75 million.

    The latest issuance followed a large XRPL burn at the end of June. Ripple burned about $146.3 million on June 30, producing a net supply drop of $136.1 million that day. Part of the July minting therefore replaced supply removed earlier rather than creating entirely new growth.

    RLUSD’s total supply now stands near $1.634 billion. XRPL holds about $844.5 million, or 51.7%, while Ethereum holds approximately $789.83 million, or 48.3%. The figures show a near-even split, with recent minting activity leaning toward XRPL.

    Santiment Flags Deep XRP Holder Losses

    Santiment reported that XRP’s 30-day market value-to-realized value (MVRV) ratio fell to its weakest level since December 2020. The data shows the average active trader down about 47%, placing many recent buyers in a deep loss position.

    The analytics firm said ‘fear and frustration’ had reached rare levels that previously appeared before rebounds. Still, Santiment added that ‘weak MVRV readings alone do not guarantee a reversal.’ The statement frames the data as a possible relief-rally setup, not confirmation of a durable recovery.

    Social sentiment has also turned more negative, with bullish and bearish commentary moving closer to balance. Such readings can reduce selling pressure when many holders already sit at a loss. However, XRP still needs stronger volume, stable Bitcoin trading and fresh market demand to confirm any wider rebound.

    Some market watchers are tracking a possible move toward $1.40 if XRP holds support and buying interest improves. The key levels sit near $1.05 on the downside and $1.15 on the upside, while a daily close above $1.12 could provide the first technical sign of stronger momentum.