Overview
- Price action remains compressed near $3.00, with traders eyeing a break above $3.05–$3.10 or a slip toward supports around $2.85.
- Whale Alert tracked a 30.5 million XRP transfer to Coinbase as large holders moved tens of millions to exchanges this week, flagging ongoing sell pressure.
- Retail and smaller buyers show net accumulation, with a positive Buy-Sell Delta and consistently positive funding rates supporting long exposure.
- CME reports XRP futures open interest above $1 billion in just over three months, and desks cite roughly $25 million in daily institutional flows.
- Regulatory overhang eased after both the SEC and Ripple dismissed appeals this month, preserving a split ruling that has encouraged broader market participation.