Ripple CTO Emeritus David Schwartz said XRP utility is expanding as the XRP Ledger supports issued assets, tokenized real-world assets, and a growing range of financial products such as securities, funds, repos, and loans. ‘ XRP in a Minute’ Shows How XRPL Is Moving Beyond Basic Transfers Ripple published a new “ XRP in a […]
XRP price started a recovery wave above $1.10 and $1.1250. The price is now consolidating and might aim for a fresh move if it clears $1.1730. XRP price started a recovery wave above the $1.1250 zone. The price is now trading below $1.1220 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $1.10 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.1250. XRP Price Eyes More Gains XRP price remained supported above $1.050 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.10 and $1.120 to enter a short-term positive zone. There was a break above a bearish trend line with resistance at $1.10 on the hourly chart of the XRP/USD pair. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $1.3640 swing high to the $1.052 swing low. The price is now trading above $1.120 and the 100-hourl
Long traders bore the brunt of the damage when over $382,000 in Shiba Inu futures positions were liquidated in a single day, with $365,660 wiped from bullish bets and just $17,320 lost on the short side. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation That wave of forced closures came as a long-dormant SHIB wallet suddenly came back to life after nearly 10 months of silence, drawing fresh attention to a token already under pressure. A Wallet Empties Out Data from Arkham Intelligence shows the wallet began its return with a test run — a small 10 million SHIB transfer through a MetaMask swap. After that, the holder moved fast, pushing nearly 400 billion tokens through BitGo’s Forwarder Smart Contract across three separate transactions: nearly 112 billion first, then almost 190 billion, then a final 99 billion. When it was done, the wallet held just 110 SHIB. The total amount transferred came to 399,989,999,938 SHIB. The address, which had sat unt
XRP could be on track for one of its biggest price moves ever — but investors may need to wait until late 2027 or even 2028 to see it play out. A Long Road Ahead That’s the view from market analyst Dr Cat, who recently flagged $1.034 as a compelling long-term buy zone for the token. According to the analyst, that price level lines up with a thick Ichimoku Cloud support zone on the charts, which he sees as offering a strong risk-to-reward setup for patient buyers. Related Reading: Bitcoin Price Plunges To $59K, Sparking Fears Of Deeper Decline The price he’s projecting – the $30 target – would represent a gain of roughly 2,600% from XRP’s recent low of $1.09. That kind of move would rank among the largest in the token’s history. The Numbers Behind The Call The forecast, however, comes with conditions attached. Dr Cat’s model assumes XRP would need to trade at around 12,000 satoshis against Bitcoin, while Bitcoin itself would have to climb to approximately $250,000. Both would need to ha
Bitcoin closed the week of June 5, 2026 down by almost 20%, its highest single-week percentage decline since the collapse of FTX in November 2022. The last time the market saw a candle this red, it was during the cycle bottom. This time, however, the current setup is more complicated, as Bitcoin is reacting to a combination of institutional selling pressure, ETF weakness, and fading confidence after a failed recovery attempt above $82,000. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation Bitcoin’s Drop Brings Back The FTX Comparison Bitcoin’s price action in the first week of June was one of its most notable weeks in history. BTC opened the week around $73,760, briefly pushed as high as $74,092, and then fell to a low of about $59,130, according to data from TradingView. The move translates to a decline of about 19.5% from the weekly open to the low and 20.1% from the high to the low, making it Bitcoin’s worst weekly percentage drop since the
