MARKETS: $XRP has climbed above $1.18 on its strongest volume since the selloff began, with whale accumulation at record highs and $1.4B in cumulative ETF inflows supporting the move.
🚨 JUST IN: Japan’s SBI Shinsei Bank is set to let customers convert a portion of their deposit interest into $XRP, with a pilot launch starting June 10. 🇯🇵
LATEST: ⚡️ Ripple CTO emeritus David Schwartz says XRP utility is expanding beyond payments as the XRP Ledger adds support for tokenized stocks, funds, repos, and loans.
$XRP Flashes an Oversold Signal It Has Only Seen Once in Its Entire History, Evan Clegg Highlights.
The latest market-wide crash has pushed XRP’s price back to $1.11, leading to a 17% drop this month.
Amid the renewed pressure, the weekly XRP RSI recently collapsed below the 30-mark.
This event has played out only once in XRP’s entire history, making the recent occurrence particularly noteworthy.
When the weekly RSI dropped to similar levels in June 2022, it aligned with XRP’s bottom of $0.28 during that cycle’s bear market.
This is the moment the crypto industry has been fighting for. A 15-9 bipartisan vote is a monumental outcome - and a clear signal that Washington gets it. Thank you @SenTimScott, @SenAlsobrooks, @SenBernieMoreno, @RubenGallego and all the members of the Senate Banking Committee for getting this done.
The crypto market structure bill has PASSED the Senate Banking Committee with a bi-partisan vote!
Historic day for crypto and for the future of digital assets in America. Grateful for the countless hours from lawmakers and staff to strengthen this legislation. Big improvement from where we were in January on rewards, tokenization, DeFi, and CFTC authority. I'm proud we stood up for our customers in that moment, and the bill is better because of it.
Looking forward to a bipartisan law that cements the US as the world's crypto capital. Let's get CLARITY done.
BREAKING: The CLARITY Act has cleared the Senate Banking Committee @BankingGOP 🇺🇸
Next steps: full Senate vote, House reconciliation, then the President's desk.
XRP 1W chart is literally writing a textbook 📖
stop hunt at the top → distribution zone → MSS confirmed → breaker formed → breaker retest rejected → now sitting in accumulation 👀
if you understand market structure, you know exactly what comes after accumulation 🔥