The price of XRP today is fluctuating around $1.08 – $1.11, holding amid a local pullback after a recent test of the $1.18 level.
Top news and the technical picture at the moment:
Regulatory breakthrough in the EU: Ripple has received full authorization under the European MiCA regulation. This allows the company to legally offer regulated crypto services across all 30 countries in Europe.
ETF and network dynamics: A local outflow from the XRP ETF of -$87 million has been recorded after three weeks of inflows. At the same time, activity within the network and the pace of creating new wallets continue to grow steadily.
Technical analysis: * Support: The key psychological and technical level remains $1.00. Holding this zone is critical—if the week closes below the dollar, it could trigger a sharp sell-off down to $0.85 – $0.60. Short-term support can be seen at $1.02 and $1.11.
Resistance: To resume a full upward impulse, buyers need to break through and consolidate above the $1.14 – $1.155 levels. Historically, July has often closed in green for the coin, so market expectations remain for a rebound toward $1.22 – $1.40
Top news and the technical picture at the moment:
Regulatory breakthrough in the EU: Ripple has received full authorization under the European MiCA regulation. This allows the company to legally offer regulated crypto services across all 30 countries in Europe.
ETF and network dynamics: A local outflow from the XRP ETF of -$87 million has been recorded after three weeks of inflows. At the same time, activity within the network and the pace of creating new wallets continue to grow steadily.
Technical analysis: * Support: The key psychological and technical level remains $1.00. Holding this zone is critical—if the week closes below the dollar, it could trigger a sharp sell-off down to $0.85 – $0.60. Short-term support can be seen at $1.02 and $1.11.
Resistance: To resume a full upward impulse, buyers need to break through and consolidate above the $1.14 – $1.155 levels. Historically, July has often closed in green for the coin, so market expectations remain for a rebound toward $1.22 – $1.40