Ripple Adjusts XRP Escrow Strategy as Whale Activity Intensifies Market Pressure
In a notable shift from its standard protocol, Ripple executed a staggered release of 1 billion XRP this month, unlocking 500 million tokens on July 1 and another 500 million on July 4. This strategic move coincides with a significant $500 million whale transfer between anonymous wallets, amplifying selling pressure in the market. Additionally, Ripple has allocated 300 million XRP for ecosystem development, signaling a flexible approach to its escrow management amid evolving market conditions. The dual unlock and whale activity have sparked discussions about XRP's near-term price trajectory, as the blockchain payments company navigates liquidity challenges while fostering long-term growth. Analysts are closely monitoring how these developments will influence XRP's adoption and valuation in the coming months, especially against the backdrop of Ripple's ongoing efforts to expand its utility in cross-border payments.
Ripple Shifts XRP Escrow Strategy Amid Whale Sell-Off Pressure
Ripple executed a staggered 1 billion XRP unlock this month, releasing 500 million tokens on July 1 followed by another 500 million on July 4—a departure from its typical single monthly release. The MOVE coincides with a $500 million whale transfer between anonymous wallets, compounding selling pressure as the firm allocates 300 million XRP for ecosystem development.
The blockchain payments company has adopted more flexible escrow management since March, abandoning its previous pattern of immediate relocking. Market observers note the dual unlocks and subsequent whale activity have introduced volatility, though Ripple maintains the unlocked funds will support on-demand liquidity solutions and exchange-traded products.
XRP Symmetrical Triangle Breakout Eyes Explosive $3.81 Rally This July
XRP is trading at $2.24 with a rising volume of $3.55 billion, signaling early breakout momentum. A decisive move above the $2.25 resistance could ignite a 75% rally toward $3.81, fueled by whale accumulation since May and strong support at the 200-day EMA NEAR $2.06.
The cryptocurrency's market capitalization stands at $132.64 billion, backed by a 24-hour trading volume surge of 8.46% to $3.55 billion. The volume-to-market cap ratio of 2.68% indicates improving liquidity as traders position for a potential bullish surge.
Technical analysis reveals a tightening symmetrical triangle pattern, with XRP hovering near the upper boundary between $2.20 and $2.25. A breakout could propel prices toward Fibonacci targets, while failure to hold $2.05 may trigger a retreat to $1.94 or even $1.60. The broader consolidation between $2.28 and $1.59 Fibonacci levels keeps the market neutral but primed for volatility.
Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin
AMINA Bank, a Swiss financial institution regulated by FINMA, has announced custody and trading services for Ripple’s RLUSD stablecoin, marking the first global bank to support the digital asset. The move signals growing institutional demand for compliant crypto solutions.
"We are proud to be the first bank to support RLUSD," said Myles Harrison, AMINA's Chief Product Officer. The bank plans to expand RLUSD-related services in coming months, leveraging Switzerland's reputation as a crypto innovation hub.
The partnership underscores Ripple's focus on regulatory transparency as stablecoins gain traction among institutional investors. AMINA's offering creates new on-ramps for professional clients seeking exposure to dollar-pegged digital assets.
Did SEC’s Closed-Door Meeting Mark the End of XRP Lawsuit? Judge Torres Steps Aside
Speculation resurged in the Ripple vs. SEC case following the SEC's closed-door meeting, with posts on X suggesting the agency might drop its appeal imminently. Former SEC attorney Marc Fagel clarified that Judge Torres, having already ruled on the matter, no longer plays a role in the proceedings.
Judge Torres previously found Ripple in violation of securities laws, imposing a $125 million penalty and enjoining future violations. The case now hinges on whether the SEC and Ripple proceed with or dismiss their appeals. Ripple CEO Brad Garlinghouse's recent comments added fuel to the speculation, though no official confirmation has emerged.
XRP Poised for Breakout to $2.65 After Ripple License News
XRP is trading at $2.23 with a $132 billion market cap amid a bullish setup. The cryptocurrency has shown resilience, leading gains despite a flat broader market. Its 24-hour volume stands at $3.44 billion, down 15.02%, yet the market cap remains robust at $132.09 billion, reflecting sustained investor interest.
Ripple Labs' pursuit of a U.S. banking license has injected Optimism into XRP's outlook. CEO Brad Garlinghouse emphasized the company's focus on federal and state regulations, potentially positioning Ripple as a key player in stablecoins and boosting institutional trust. A successful license application could further catalyze XRP's upward trajectory.
Technically, XRP exhibits an inverse head-and-shoulders pattern, signaling a potential 15% upside to $2.65. While the token is down 1.65% over 24 hours, it maintains a 6.66% weekly gain, highlighting segmented market sentiment driven by project-specific developments.
XRP Price Primed for Breakout as Bullish Pattern Targets $2.65
XRP is showing strong technical signals for a potential breakout, with an inverse head and shoulders pattern forming on the 4-hour chart. This classic reversal pattern suggests a 15% upward move toward $2.65, according to crypto analyst Ali Martinez.
The token faces key resistance at $2.33, its current neckline level. Momentum indicators support the bullish case—RSI has turned positive while trading volume shows increasing participation. Fibonacci extension levels point to intermediate targets at $2.47 and $2.54 should the breakout materialize.
Market sentiment appears to be recovering after weeks of macroeconomic-driven volatility. At $2.23 with a $132 billion market cap, XRP's 24-hour trading volume of $5.35 billion reflects growing institutional interest. The pattern formation, which began in mid-June, now approaches its decisive phase.