Table of Contents:
3.28 Billion USD in XRP Released – FUD Slows Ripple Price Rally
According to BeInCrypto, Ripple released 1 billion XRP from its escrow account, distributed in three transactions of 500 million, 100 million, and 400 million XRP, totaling a value of 3.28 billion USD. This release, part of a protocol established in 2017 to stabilize market supply, triggered significant speculation and FUD (Fear, Uncertainty, and Doubt) within the XRP community, with some users suggesting Ripple could manipulate the escrow release schedule.
Ripple CTO David Schwartz clarified that the release was a routine routing activity, emphasizing that the escrow always releases on the first day of the month and that the ledger only acts when a transaction is submitted. Despite these clarifications, the XRP price cooled off after a bullish run, with analysts noting that bulls are waiting for a rebound in the demand zone between 2.9611 USD and 2.7354 USD. The RSI indicator is also falling, indicating waning momentum. If support at 3.1061 USD fails, the price could drop further before a potential reversal. Conversely, a daily close above 3.4687 USD could catalyze a new upward trend, potentially reclaiming the high of 3.6607 USD, representing a 7% increase from current levels.
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| Escrow Release | Value (USD) | Current Escrow Holdings |
|---|---|---|
| 1 Billion XRP | 3.28 Billion | 35.6 Billion XRP |
- Ripple released 1 billion XRP in three transactions.
- Current support and resistance levels are 3.1061 USD and 3.4687 USD, respectively.
- RSI is falling, indicating reduced momentum.
“They always release on the first day of the month. You may not see activity in the ledger just because the escrow was released. The ledger does nothing by itself; it always waits for someone to submit a transaction to trigger it.” – David Schwartz, Ripple CTO
Summary: Ripple’s routine escrow release of 1 billion XRP, valued at 3.28 billion USD, caused short-term volatility and FUD, but analysts see potential for a bullish reversal if key resistance levels are breached. (Source: BeInCrypto)
IOTA Miner Supports Bitcoin Mining with XRP – Earns $13,777 Daily
Wallstreet Online reports that IOTA Miner, a cloud mining provider founded in 2018 and based in the UK, enables users to mine Bitcoin and XRP without owning hardware or technical expertise. The platform, recognized by German financial authorities, offers daily automatic payouts and the possibility to recover the initial capital at the end of the contract. According to company data, BTC and XRP holders can earn daily profits ranging from several hundred to thousands of euros, with a reported daily earning of $13,777.
New users receive a $15 registration bonus, allowing them to start mining immediately and earn $0.60 per day without any investment. The platform is powered entirely by solar and wind energy, emphasizing sustainability. Users can choose from various contracts for cryptocurrencies such as XRP, BTC, ETH, and DOGE, and benefit from a referral program that offers up to $80,000 in additional rewards.
| Registration Bonus | Daily Earnings (No Investment) | Referral Bonus | Reported Daily Profit |
|---|---|---|---|
| $15 | $0.60 | Up to $80,000 | $13,777 |
- Register for free and receive a $15 bonus.
- Select a mining contract for XRP, BTC, ETH, or DOGE.
- Enjoy daily, automatic payouts.
Summary: IOTA Miner offers a sustainable, user-friendly cloud mining solution with daily profits and attractive bonuses, making it appealing for German investors seeking stable crypto income. (Source: Wallstreet Online)
XRP Price on the Rise – Traders Bet on Further Gains
Cointelegraph reports that after the settlement between Ripple and the SEC, the XRP price surged by over 10% since Thursday. The trading volume of XRP futures increased by more than 200% in the last 24 hours, reaching $12.4 billion and surpassing Solana’s $9.6 billion. The open interest in XRP futures also rose by 15% to approximately $5 billion, with a positive daily funding rate of 0.01%, indicating that most traders are taking long positions and betting on further price increases.
The cost basis distribution shows that the largest amount of XRP was purchased in the $2.80–$2.82 range, with 1.7 billion XRP acquired at this price. Technical analysis suggests that after breaking out of a bullish flag, XRP could target a price of $4.50, representing a 35% increase by September or October. Some analysts, such as Mikybull Crypto, predict a price range of $5–$8 by the end of 2025, while others even see the potential for $10 by year-end.
| Futures Volume (24h) | Open Interest | Key Support Range | Potential Price Target |
|---|---|---|---|
| $12.4 Billion | $5 Billion | $2.80–$2.82 | $4.50 (35% upside) |
- XRP futures volume up 200% after SEC settlement.
- Analysts set price targets between $4.50 and $10.
- Largest XRP accumulation at $2.80–$2.82.
Summary: XRP’s price and trading activity surged after the SEC settlement, with technical and on-chain data supporting further upside potential. (Source: Cointelegraph)
Nasdaq Firm VivoPower Launches Dual Strategy in Ripple and XRP
BTC-ECHO reports that Nasdaq-listed solar company VivoPower is investing $100 million in Ripple Labs, aiming to acquire XRP at a discount of up to 86% below market price. By purchasing Ripple shares, VivoPower expects to pay only about $0.47 per XRP, compared to the current market price of $3.18, which is a 3.8% drop from the previous day. This move follows BlackRock’s rejection of an XRP Spot ETF, which had previously dampened market sentiment.
VivoPower’s stock price jumped 32% to $5.10 following the announcement, and the company’s shares have risen 283% since the beginning of the year. Earlier in the year, VivoPower invested $121 million directly in XRP. Ripple Labs remains the largest holder of XRP, with 41 billion tokens valued at approximately $135 billion.
| VivoPower Investment in Ripple | XRP Acquisition Price | Current XRP Market Price | Ripple’s XRP Holdings |
|---|---|---|---|
| $100 Million | $0.47 | $3.18 | 41 Billion XRP ($135 Billion) |
- VivoPower’s dual strategy includes Ripple shares and discounted XRP acquisition.
- VivoPower’s stock up 32% after announcement.
- Ripple Labs holds 41 billion XRP.
Summary: VivoPower’s innovative investment approach allows it to acquire XRP at a significant discount, boosting both its own stock and Ripple’s market presence. (Source: BTC-ECHO)
Bullish Signal for XRP Despite Price Setback – Ripple Soon at $11?
Bitcoin2Go highlights that despite a 4% drop in the last 24 hours, XRP remains in a bullish technical pattern, with analyst Ali Martinez identifying a flag formation that could propel the price to $11. The key resistance is at $3.65, a level where the price has previously been rejected. Support levels are at $3.06, $3.00, and $2.75–$2.80, while resistance lies at $3.31, $3.38, and $3.43.
On-chain data from Alphractal shows the Net Unrealized Profit/Loss (NUPL) at its highest since the bull markets of 2018 and 2021, indicating many investors are sitting on significant unrealized gains. A recent token unlock saw Ripple release 1 billion XRP worth $3.28 billion in three transactions, which increased short-term selling pressure. The now-concluded SEC lawsuit is no longer a major factor, with the court ruling that retail sales are not securities transactions, while institutional sales are.
| Current Price Drop (24h) | Key Resistance | Potential Target | Recent Token Unlock |
|---|---|---|---|
| 4% | $3.65 | $11 | 1 Billion XRP ($3.28 Billion) |
- Bullish flag pattern could target $11.
- Support at $3.06, $3.00, $2.75–$2.80; resistance at $3.31, $3.38, $3.43.
- SEC lawsuit outcome favors retail investors.
Summary: Despite short-term weakness, technical and on-chain indicators suggest significant upside potential for XRP, with targets as high as $11 if key resistance is broken. (Source: Bitcoin2Go)
XRP Investors Disappointed by BlackRock – No Ripple ETF Planned
BTC-ECHO reports that hopes for a BlackRock XRP Spot ETF were dashed as the financial giant confirmed it has no plans to file for an XRP or SOL ETF. BlackRock’s iShares Bitcoin ETF has already attracted $58 billion, and a similar product for Ripple could have brought billions into the market. ETF expert Nate Geraci speculated that BlackRock may be allowing competitors to launch first to gauge demand.
Despite BlackRock’s decision, several other XRP ETF applications are pending in the US, including those from Grayscale, ProShares, WisdomTree, Bitwise, and 21Shares. According to a JPMorgan report, these ETFs could attract up to $8 billion in net inflows in their first year if approved by the SEC. Currently, XRP is trading at $3.33, up 14% from the previous week. Polymarket odds suggest a 76% chance of XRP ETF approval in 2025, compared to 99% for Solana.
| Current XRP Price | Weekly Change | Polymarket ETF Approval Odds (2025) | Potential ETF Inflows (1st Year) |
|---|---|---|---|
| $3.33 | +14% | 76% | $8 Billion |
- BlackRock confirms no plans for XRP or SOL ETF.
- Multiple other XRP ETF applications pending.
- XRP up 14% week-over-week.
Summary: BlackRock’s decision not to pursue an XRP ETF disappointed investors, but other applications and strong market performance keep optimism alive. (Source: BTC-ECHO)
Sources:
- 3,28 Mrd. USD in XRP freigegeben – FUD bremst Ripple-Kursrallye
- IOTA Miner unterstützt das Mining von Bitcoin mit XRP und verdient 13.777 $ pro Tag!
- XRP-Kurs im Aufwind – Trader wetten auf weitere Zugewinne
- Ripple statt XRP? Nasdaq-Firma startet neuartige Krypto-Strategie
- XRP: Bullisches Signal trotz Kursdämpfer - Ripple bald bei 11 USD?
- XRP-Anleger von BlackRock enttäuscht: Kein Pläne für Ripple ETF
