XRP may be nearing the end of its correction as Elliott Wave analysis points to a potential breakout, with long-term price targets reaching $18.
XRP (XRP) hovered around the $1.07 level on Wednesday UTC as traders weighed a growing list of regulatory tailwinds in Hong Kong and Europe against two persistent U.S. overhangs: the Federal Reserve's next rate decision and the Securities and Exchange Commission's (SEC) continuing appeal in the Ripple case. According to CoinMarketCap data referenced in local reports, XRP was trading at about $1.0771 as of 8:42 a.m.
XRP has seen its Open Interest (OI) – the total unsettled futures in the derivatives market – on Binance crypto exchange crash by over 78% over the past 12 months to its lowest level since 2024.
Despite the slowdown in retail activity on XRP, institutional interest has appeared consistent as the XRP ETF market continued to see a new influx of capital even when sentiment is weak.
South Korean police have uncovered one of the country's biggest XRP related crypto scams after arresting three suspects linked to a fake staking platform that promised fixed monthly returns. Authorities say the fraud pulled in about 3.4 million XRP from 71 victims, while blockchain tracking shows total wallet flows linked to the operation reached 27.
Seoul police arrested three suspects after dismantling a fake Flare Network XRP staking scam that stole 3.4 million XRP from 71 investors.
After running straight into a cluster of local resistance levels that have consistently capped every attempt at recovery throughout July, XRP has reached a critical technical point. Although the asset has stabilized after its sharp decline in June, the most recent rejection indicates that bulls still have a tough battle ahead of them before momentum can turn in their favor.
The ring copied Flare Network and its FXRP token, and planted Wikipedia entries, blog posts and YouTube videos to look legitimate.
XRP trades near $1.08 with tight price compression, mixed technical signals, and a history of sharp pullbacks after past rallies.
Aviva's tokenized fund on the XRP Ledger marks a major step for real-world assets, enabling regulated, programmable, and 24/7 on-chain finance.
Bitcoin ETF flows: Inflows returned with $32.1 million added, ending a four-day outflow streak and lifting monthly totals. Ether ETF movement: Ether funds slipped $18.65 million on the day but remain ahead with strong monthly inflows. XRP and HYPE trends: XRP ETFs gained $584K while HYPE products saw an $8.