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XRP climbs 4% above $1.18 as traders test next resistance zone
Key takeaways
- • XRP-linked ETFs have attracted roughly $1.4 billion in cumulative inflows since launching, with May marking the strongest month of institutional demand so far.
- • More than 25 million XRP recently left exchanges, extending a trend that suggests long-term holders are accumulating despite the broader market weakness.
- • Whale addresses holding significant XRP balances climbed to a record high, reinforcing the view that larger investors have been adding exposure during the correction.
Buyers pushed the token through $1.14 and then $1.18 on the strongest volume seen since the selloff began, forcing traders to focus on whether the recovery can carry into the $1.20-$1.30 resistance zone that has capped previous rallies.
• XRP-linked ETFs have attracted roughly $1.4 billion in cumulative inflows since launching, with May marking the strongest month of institutional demand so far.
• More than 25 million XRP recently left exchanges, extending a trend that suggests long-term holders are accumulating despite the broader market weakness.
Article preview — originally published by CoinDesk. Full story at the source.
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