What next❔ $XRP is testing a key zone near $1.35–$1.37 after a roughly 3% daily decline.
Recent liquidations of more than $40 million in long positions have flushed out weaker hands. At the same time, the liquid supply on Binance has tightened, with the scarcity index rising to a mid-2024 high as available coins fell about 20% to around 2.6 billion.
On the institutional side, Ripple-backed Evernorth has completed its public listing and is bringing a large XRP treasury and cash reserves onto the Nasdaq. The combination of thinner exchange supply and new institutional infrastructure is keeping attention on the next directional move.
$XRPN.US $RLUSD #Ripple #XRP #CoinVahini #Trading #Institutional
Recent liquidations of more than $40 million in long positions have flushed out weaker hands. At the same time, the liquid supply on Binance has tightened, with the scarcity index rising to a mid-2024 high as available coins fell about 20% to around 2.6 billion.
On the institutional side, Ripple-backed Evernorth has completed its public listing and is bringing a large XRP treasury and cash reserves onto the Nasdaq. The combination of thinner exchange supply and new institutional infrastructure is keeping attention on the next directional move.
$XRPN.US $RLUSD #Ripple #XRP #CoinVahini #Trading #Institutional