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Is an XRP Relief Rally Coming? Wallet and Sentiment Data Explained
Published Source: BeInCryptoRead original
Crypto Insight Summary: XRP logged one of its strongest days for new wallets this year. Yet, US buyers on Coinbase and in spot exchange-traded funds (ETFs) are pulling back. The split leaves XRP near $1.25, down almost 16% over the past month. The record Binance hack last week added fresh pressure across the market. New XRP Wallets Keep Crypto Insight Analysis: Direction: Bearish XRP Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Wallet growth is outweighed by weaker US spot demand and market pressure from the Binance hack.