Altcoins News
By Sydney TheCMO
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RSI Divergence and the Selling Slowdown. The momentum picture is probably the more interesting story here.
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Big Wallets Accumulate, ETF Inflows Hit Four-Week High. Larger holders are moving. Wallets holding between 100 million and 1 billion XRP saw their share…
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The Price Levels That Actually Matter. Here's where it gets specific. XRP needs a daily close above $1.
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XRP clawed back 4% from its August low. South Korean retail traders are doing a lot of the heavy lifting, and the order books on local exchanges make that pretty clear.
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On Upbit, XRP ranks third by trading volume across 275 Korean won markets — sitting behind only Tether and Bitcoin. That's not a small thing.
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Daily trading volume still dropped about 2% overall. So it's not all good news.
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The momentum picture is probably the more interesting story here. XRP has been making lower lows since June, but the selling intensity has been fading.
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Leverage doesn't seem to be driving the move, which is probably a good sign. The Bybit perpetual funding rate is staying slightly positive, not spiking.
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Larger holders are moving. Wallets holding between 100 million and 1 billion XRP saw their share of total supply rise from 10.66% to 11.98% around early August.
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And then there's the ETF side. XRP spot ETF inflows hit $14.86 million in the final week of July — the strongest weekly number in four weeks. That reversed a stretch of outflows.
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Related: Ripple Locks 700 Million XRP Early, Cutting August Supply Risk in Half
12 / 15
Unclear if the ETF inflow pace can sustain itself into August.
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The broader crypto market has seen institutional interest in altcoin ETF products grow steadily, and XRP has been one of the more watched names given its legal history and the…
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Here's where it gets specific. XRP needs a daily close above $1.09 to break out of the falling channel it's been stuck in. Get above that, and the next targets are $1.16, then $1.
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Fail to reclaim $1.08, though, and things get messier fast. The next meaningful support levels sit at $1.03 and then $0.95.
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