Ripple's RLUSD stablecoin continues to stun the market after recording the largest mint in XRP Ledger history as its market cap soars to a new all-time high (ATH).
XRP's primary Elliott Wave structure remains intact, with resistance at $1.47, as whales continue aggressive accumulation, adding over 71 million XRP in the past week.
Crypto analyst Merlijn has delivered “bad news” to Solana and XRP investors, with Goldman Sachs offloading their exposure to these coins. The analyst highlighted this as a conviction statement as the top U.S. bank held on to its Bitcoin and Ethereum exposure.
Ripple closed roughly ten major institutional deals in 2026, signing names like Deutsche Bank, JPMorgan, and Mastercard. In the same stretch, the XRP token fell more than 40 percent.
XRP is showing renewed signs of momentum after months of sluggish price action and declining market attention. While the cryptocurrency continues to trade within a tight range near $1.35-$1.40, recent XRP Ledger activity suggests that institutional investors and large holders may be quietly re-entering the market.
XRP has continued to face downward pressure following its sharp rally last week, with the cryptocurrency struggling to maintain bullish momentum. Despite the recent weakness in price action, large XRP holders have quietly increased their positions, signaling growing confidence among institutional and whale investors.
XRP has remained on the downside since its rapid price move mid-last week. Although the asset has failed to sustain momentum, large holders have continued to quietly stack up on XRP.
A single block trade on Deribit just sold 1.5 million $XRP call and put contracts at the $1.40 strike, collecting $224,500 in premium and effectively declaring that Ripple goes nowhere through June 26.
A crypto whale has made a $224,000 bet that XRP (CRYPTO: XRP) stays pinned near $1.40 through June 26 by selling both call and put options in a short strangle strategy on Deribit. Whale Collected $224,000 Premium Betting On Low Volatility The trader sold 1.5 million contracts of both $1.40 call and put options expiring June 26, collecting $224,500 in upfront premiums.
$100 million XRP moved between anonymous wallets in the last 24 hours, drawing market attention.
CME's XRP futures success highlights growing institutional interest in regulated crypto products, potentially reshaping market dynamics. CME Group reports $63B in notional trading volume for XRP futures in first year.