Overview
- Large wallets have accumulated more than 130 million XRP in the past 24 hours, signaling strong buy-the-dip activity.
- Rumors that BlackRock may file for a spot XRP ETF have reignited optimism around institutional inflows, though no official proposal has been confirmed.
- XRP derivatives volume has fallen about 37% and open interest is down nearly 6%, but long positions still heavily outweigh short bets.
- Ripple’s RLUSD stablecoin has surpassed $530 million in assets, highlighting expanding real-world use cases within the XRP ecosystem.
- Technical analysts point to a potential rally toward $3.82 in line with the 2.618 Fibonacci extension and XRP’s former all-time high.