Binance Dumps XRP, Whales Strike Back With Billion-Dollar Buy
XRP kicked off September under pressure, slipping below key averages to $2.80, yet whales are betting nearly a billion dollars on its comeback.
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XRP kicked off September under pressure, slipping below key averages to $2.80, yet whales are betting nearly a billion dollars on its comeback.
Japanese gaming company Gumi approved a 2.5 billion yen ($17 million) XRP acquisition strategy running through February 2026. This extends their crypto portfolio beyond Bitcoin to capitalize on blockchain-based financial services growth.
XRP futures on the CME crossed the $1 billion mark in open interest just within three months after launch.
Gemini introduces an XRP rewards credit card offering up to 4% cashback and enhanced RLUSD trading support, strengthening ties with Ripple ahead of its IPO plans.
XRP price consolidates near $3.10, with short sellers deploying $1.3 billion against bullish momentum from Ripple’s final settlement in its case against the US SEC.
Blockchain payment firm Ripple Labs’ lawsuit wrap led to a cluster of XRP ETF filings, with approval expected in October, with strong optimism.
OKB, the token of OKX, spiked 30% on Aug. 21 to $220 amid XRP airdrop buzz and surging derivatives activity, even as Bitcoin and Ethereum posted losses. Open interest jumped 119%, signaling strong bullish momentum, though RSI readings above 93 suggest a pullback could follow.
Following today’s XRP price rally, analysts are projecting a potential rise to $9.63, an upside of about 188%, amid strong technical chart patterns.
DWP Management announced that it has raised approximately $200 million in capital across its fund strategies with the funds raised in XRP.
SBI Holdings has denied reports of filing a Bitcoin-XRP dual crypto ETF, stating that the proposal is still in the planning stage with no formal application submitted.
XRP gained over 11% in 24 hours, trading above the $3.33 key level and eyeing a rally toward new all-time highs.
Ripple announced the acquisition of Toronto-based stablecoin payments platform Rail to strengthen its RLUSD stablecoin infrastructure.
Polymarket data shows that the probability of a spot XRP ETF approval has fallen from 86% to 62% following SEC Commissioner Caroline Crenshaw’s opposition.
XRP has recently slipped below its strong key level of $3, sparking fears of a deeper correction.
XRP is forming a bullish falling wedge pattern similar to the one from earlier this year that led to a 70% price rally.