Have you noticed? Ripple is among the biggest coins having the strongest gains today, up around 1% near 1.31.
The broader market hasn’t really provided much of a boost; this move is driven entirely by its own news. Cross River Bank has integrated RLUSD into its core banking system, allowing users to switch between dollars and RLUSD with a single API. Its market cap has already climbed above $2.4 billion. Spot XRP ETFs have had no weekly net outflows for 13 consecutive weeks, attracting nearly $1.8 billion in total.
On-chain data does give reason to be cautious: 84 million XRP were just sent to exchanges, and XRP deposits on Binance hit a seven-month high. Someone is clearly waiting at the door, ready to sell.
I see the trend as choppy but leaning bullish, but I wouldn’t chase it at this level—wait for a pullback. (Data sources: Binance spot market and publicly available media statistics)
#Ripple
$XRP
#XRP
—— Web3 Retail Trader Xiaokai
The above is my personal opinion only and does not constitute investment advice.
The broader market hasn’t really provided much of a boost; this move is driven entirely by its own news. Cross River Bank has integrated RLUSD into its core banking system, allowing users to switch between dollars and RLUSD with a single API. Its market cap has already climbed above $2.4 billion. Spot XRP ETFs have had no weekly net outflows for 13 consecutive weeks, attracting nearly $1.8 billion in total.
On-chain data does give reason to be cautious: 84 million XRP were just sent to exchanges, and XRP deposits on Binance hit a seven-month high. Someone is clearly waiting at the door, ready to sell.
I see the trend as choppy but leaning bullish, but I wouldn’t chase it at this level—wait for a pullback. (Data sources: Binance spot market and publicly available media statistics)
#Ripple
$XRP
#XRP
—— Web3 Retail Trader Xiaokai
The above is my personal opinion only and does not constitute investment advice.