Overview
- XRP is holding between roughly $1.39 and $1.45 in a multi‑week triangle, with traders watching $1.50 as the level that would confirm an upside break.
- The SEC and CFTC issued a joint interpretation that classifies XRP as a digital commodity, a move that lowers legal risk for big investors considering ETFs and custody.
- Nearly 35 million XRP moved off exchanges in a single day as withdrawals concentrated among large holders, with whales driving about 94% of Binance outflows and shrinking sellable supply.
- Data through Friday showed spot buying strength diverging from derivatives positioning, with spot cumulative volume up about $310 million as Binance perpetual futures positioning sat near minus $392 million.
- Spot XRP ETFs continue to attract money, including a $3.89 million net inflow on Thursday, as filings show new institutional holders, yet short‑term traders still price low odds of a quick surge and analysts see about a 10% move if a breakout clears resistance.