Burning the remaining escrow is an option Ripple has not ruled out, though its own chief architect has questioned whether doing so would actually move the price. David Schwartz pointed to a 2019 decision by the Stellar Development Foundation, which destroyed 55 billion XLM — half of its total supply — without triggering any noticeable price movement. Related Reading: Could XRP Hit $10 This Bull Run? World’s Highest IQ Holder Thinks So A Complicated Question On Burning Schwartz said Ripple could unilaterally ensure the locked tokens never enter circulation, and he added the company could replicate the effect of selling escrow by transferring control of the account that the escrow completes into. CEO Brad Garlinghouse, for his part, said he does not rule anything out when asked about permanently destroying the reserves. The comments come as Ripple completed its latest scheduled monthly escrow release, unlocking 1 billion XRP across three separate transactions worth more than $1.33 billio
XRP price extended losses and traded below $1.320. The price is now consolidating losses and faces hurdles near $1.2880 and $1.30. XRP price started another decline and traded below the $1.280 zone. The price is now trading below $1.280 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.3150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.30. XRP Price Dips Below $1.280 XRP price failed to stay above $1.320 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.3050 and $1.30 to enter a short-term bearish zone. The price even extended losses below $1.2880. A low was formed at $1.2752, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1.3642 swing high to the $1.2752 low. The price is now trading below $1.2880 and the 100-hourly Simple Moving Average. If there is a fresh
On-chain data shows exchanges recently received the largest XRP deposit wave of 2026, before withdrawals completely flipped the trend. XRP Has Seen Massive Outflows That Reversed The Earlier Deposits As pointed out by on-chain analytics firm Santiment in an X post, exchange-activity related to XRP has occurred on a notable scale in both directions recently. The indicator of interest here is the “Exchange Flow Balance,” which measures the net amount of a given asset that’s moving into or out of the wallets connected to centralized exchanges. Related Reading: Ethereum Price Falls, But Whales Push Holdings To 10-Week High When the value of the indicator is positive, it means traders are depositing a net number of tokens to these platforms. As one of the main reasons why investors their transfer their coins to exchanges is for selling-related purposes, this kind of trend can be bearish for the cryptocurrency. On the other hand, the metric being below the zero mark suggests the outflows are
XRP is holding critical support around $1.30 as selling pressure tests a level that bulls have been defending through weeks of market uncertainty. The price is at a genuine inflection point — and an Arab Chain analysis tracking Binance inflow data has identified a structural development in May that adds a specific supply-side context to […]
XRP, Solana (SOL), and Cardano (ADA) are among the few cryptocurrencies that analysts believe could be significantly impacted by the upcoming CLARITY Act crypto bill. Recent updates show that the bill is still moving through the approval process, with a Senate vote expected this June. If the legislation is passed, it could mark a major […]
Kalshi files to list XRP, SOL, ETH, and DOGE perpetual futures as its regulated US crypto derivatives push expands beyond Bitcoin.
The post Kalshi moves beyond Bitcoin with XRP, SOL, ETH, and DOGE perps filing appeared first on Crypto Briefing.
XRP may be heavily bearish right now, as its price steadily falls toward the $1.30 mark due to the highly unfavorable market environment. However, several predictions suggest that this phase is simply temporary and the broader outlook is extremely bullish, with the potential of reaching unprecedented levels such as $11. XRP’s Probability To Hit Unprecedented […]
Bitcoin and ether exchange-traded funds (ETFs) closed the final week of May under sustained redemption pressure, with combined outflows of more than $1.6 billion as investors continued to trim exposure to the market’s largest crypto funds. XRP and HYPE Funds Attract Over $40 Million in Weekly Inflows The holiday-shortened week did not give crypto ETF […]
