XRP has been caught in the crossfire again. At $1.32, down 4% in 24 hours, $1.30 looks ready to give way—and this time, it’s not just the market dragging it down. XRPL itself has stumbled, too.
The fixCleanup3_4_0 amendment was originally set to activate on 10/23, but validator support fell from 35 votes to 26 (it needs 29/35 votes for 14 consecutive days). The countdown restarted, delaying activation until 11/4. CoinDesk says support later recovered to 31 votes, but the two-week cooldown can’t be avoided.
More painful still is the on-chain data: whales’ average monthly inflows to Binance hit $112.4 million, a seven-month high. After a 30% rebound, large holders are quietly selling. The ETF took in just $709,000 on Wednesday—a drop in the bucket.
$1.25 is the next hurdle; if it breaks, watch $1.15. Technicals and fundamentals are both sputtering, so don’t rush to buy the dip.
$XRP #XRPL #XRP
The fixCleanup3_4_0 amendment was originally set to activate on 10/23, but validator support fell from 35 votes to 26 (it needs 29/35 votes for 14 consecutive days). The countdown restarted, delaying activation until 11/4. CoinDesk says support later recovered to 31 votes, but the two-week cooldown can’t be avoided.
More painful still is the on-chain data: whales’ average monthly inflows to Binance hit $112.4 million, a seven-month high. After a 30% rebound, large holders are quietly selling. The ETF took in just $709,000 on Wednesday—a drop in the bucket.
$1.25 is the next hurdle; if it breaks, watch $1.15. Technicals and fundamentals are both sputtering, so don’t rush to buy the dip.
$XRP #XRPL #XRP