Key Insights:
- XRP has remained above the $2.17 mark despite a significant drop in overall trading volume.
- The current trading volume has decreased by 13% which suggests potential strategic accumulation by investors.
- XRP’s market capitalization has risen to over $129 billion, showing steady weekly growth.
XRP has moved steadily above the $2.17 mark, gaining momentum amid declining market activity. The digital asset has maintained a firm position despite a drop in trading volume. This trend is raising interest as on-chain and technical indicators suggest a possible shift.
XRP Price Shows Resilience Amid Market Cooldown
XRP gained 0.28% in the last 24 hours, indicating strength despite broader market softness. The trading volume decreased by 13% to approximately 2.63 billion dollars; this is an indication of the decrease short-term action. But this drop correlates with patterns of strategic accumulation in previous bull markets.
Market capitalization increased by 1.49% within a week and reached 129 billion, which indicates gradual and steady growth.
Analysts note that this is a gradual inducement of a base that may be in front of a more purposeful one. The subdued movement of the market could be followed by increased volatility when the circumstances are in position.
XRP News has centered on the current MVRV Z-score, which sits at 2.13, below historical peak zones. Historically, the asset reverses when the score is above 3.45, which indicates that it is not overextended. This supports the argument that XRP remains undervalued at current levels.
On-Chain Metrics and Whale Activity Suggest Stronger Outlook
The on-chain activities will support the bullish trend, as the CryptoQuant data indicates a sudden decline in the whale to exchange transaction. During the last two days, there were 2,716 such transfers, but today, 0. This movement is indicative of decreased big potency, offering pressure.
Any whale reluctancy can be related to wider economic dynamics, such as expected changes in monetary policy. The market participants anticipate a rate cut between July and September, which might direct funds into digital assets. As a result, XRP could benefit from renewed inflows.
Breakout Patterns and Regulatory Tailwinds Add Momentum
Technically, XRP is nearing the upper boundary of a falling wedge pattern that typically signals bullish continuation. An upside break of $2.25 may spur a rally to $2.69 and all the way to $3.40. This goes hand in hand with a greater theme that a larger shift is taking place.
Elliott Wave analysts believe XRP may have completed its wave 2 correction phase, setting the stage for a wave 3 surge. Traditionally, wave 3 is considered as the most powerful leg of Elliott Wave theory, which is also characterized by major increases. This pattern could provide critical insight into near-term XRP behavior.
XRP News today also focuses on policy developments boosting the token’s role in mainstream finance. The Federal Housing Finance Agency has now directed Fannie Mae and Freddie Mac to include crypto assets in mortgage applications, including XRP, Bitcoin, and Ethereum, expanding the tokens’ financial utility.
Growing Institutional Recognition Strengthens XRP’s Position
The inclusion of XRP in federally backed mortgage assessments marks a milestone for crypto legitimacy. It reflects evolving federal views on digital assets and supports their integration into personal finance. This decision could influence regulatory clarity in ongoing legal matters.
Ripple, the company behind XRP, continues developing financial applications, including cross-border settlements and liquidity services. With the addition of mortgage-related use cases, XRP is poised to gain broader practical relevance. This may contribute positively to both adoption and valuation metrics.
The latest XRP News highlights expanding use cases and policy shifts that could reshape market sentiment. If accumulation persists and key resistance breaks, XRP may revisit yearly highs or surpass them. Upcoming developments in regulation and macroeconomics may determine the asset’s trajectory.