Overview
- XRP traded around $1.09–$1.11 and defended support near $1.05 while facing resistance in the $1.12–$1.16 band, keeping the token range‑bound for now.
- CryptoQuant data show Binance 30‑day deposits and withdrawals fell from about 650,000 to 350,000, a drop that analysts interpret as holders keeping coins off exchanges rather than preparing to sell.
- XRP‑focused spot ETFs have $1.49 billion in cumulative inflows and roughly $997.25 million in net assets, but those funds recorded no new net inflows on July 24, pausing a key source of fresh demand.
- Ripple launched Ripple Mint on July 23 to let institutions mint, redeem, and manage RLUSD stablecoins through a single platform, which strengthens institutional tooling but does not create immediate XRP demand.
- Lower exchange reserves and reduced leverage limit the chance of a forced short squeeze, so a sustained breakout would likely require renewed ETF or institutional spot buying or clearer regulatory catalysts.