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XRP price shows bottoming signs as RLUSD hits key milestone

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XRP price

XRP’s price has retreated for six consecutive weeks, in line with the broader market’s performance.

Summary

  • XRP price has retreated and moved into a bear market in the past few months.
  • Ripple USD’s stablecoin supply has jumped to over $1.5 billion for the first time ever.
  • The coin has become oversold and formed a falling wedge chart pattern.

Ripple (XRP) token was trading at $1.3915 on Thursday, down by 62% from its all-time high of $3.6590. Technical indicators suggest the coin may be about to rebound as demand for the Ripple USD (RLUSD) stablecoin rises.

Ripple USD supply is rising 

There are signs that demand for the RLUSD stablecoin is growing, a trend that may accelerate after Binance completes its integration on the XRP Ledger. The integration enabled users to deposit and withdraw the token on the largest crypto exchange in the industry.

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Data compiled by Artemis shows that the supply of RLUSD in circulation jumped to over $1.5 billion for the first time ever. $1.1 billion of these tokens are in Ethereum, while the rest is in the XRP Ledger.

In a statement on Thursday, Jack McDonald, the Senior Vice President at Ripple Labs, hinted that the stablecoin will overtake “traditional dollar, Venmo, PayPal, and others.” He pointed to the rising institutional demand for the coin, especially as the developers gears to launch the Permissioned DEX platform.

Artemis data show that RLUSD’s usage continues to grow. It handled over 480,000 transactions in the last 30 days, while the adjusted transaction volume soared to close to $4.9 billion. Most of the volume was in decentralized finance, followed by blockchains and centralized exchanges.

Meanwhile, XRP price may benefit from the ongoing ETF inflows. Data compiled by SoSoValue show that spot XRP ETFs have added over $48 million this month so far, more than Bitcoin and Ethereum, which have shed substantial assets in the past few months.

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XRP price prediction: Technical analysis 

XRP price
Ripple price chart  |Source: crypto.news 

The weekly timeframe chart shows that the XRP price has pulled back in the past few months as the crypto market crash accelerated.

The Relative Strength Index has moved to the oversold level of 30, its lowest level since August 2022. It is common for a coin to rebound after moving to the oversold level.

XRP has also formed a large falling wedge pattern, consisting of two descending, converging trendlines that are nearing the confluence point.

Therefore, the coin will likely rebound in the coming weeks, potentially reaching the key psychological level of $2.0, which is 45% above the current level.

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Crypto World

$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

Key takeaways:

  • A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices.

  • The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market.

Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a market collapse. 

Traders are now watching closely to see if this whale’s massive position signals a looming Bitcoin price drop.

Hyperliquid whale 0x94d373…c933814 position. Source: CoinGlass

The Hyperliquid whale, linked to address 0x94d373…c933814, carefully built this nearly $80 million leveraged position between Tuesday and Wednesday. The trade includes a $40 million short (sell) on Bitcoin futures near $68,760, a $2 million short on synthetic S&P 500 Index contracts, and a $37 million long (buy) in synthetic Brent oil contracts.

Crude Brent oil (left) vs. Bitcoin/USD (right). Source: TradingView

The whale’s aggregate position leverage stood at 7 times, indicating high conviction. The Bitcoin futures liquidation price was $80,083, while the Brent oil position would be forcefully terminated above $93. The timing of the trade is curious as S&P 500 Index futures gained 4% between Tuesday and Wednesday as traders anticipate the US and Israel-Iran war dissipating over the next few weeks.

On Wednesday, President Trump said “Iran’s New Regime President” is considering a “ceasefire,” although the conditions to fully reopen the Strait of Hormuz remain unknown. Iran demands reparations and sovereignty. Thus, one could assume that the Hyperliquid whale is counter-trading the market’s optimistic take, betting that Brent crude oil prices will jump while Bitcoin loses its value.

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This Hyperliquid whale previously lost $40 million

This address belongs to a particularly unlucky whale, or at least one who has been extremely unsuccessful since late January. The Hyperliquid whale apparently uses bots for execution, given the sheer number of small trades that build into huge positions, but it still managed to lose $37 million in its first month of activity in December 2025.

The same user was flagged by X user ‘lookonchain’ on Feb. 5 after taking a massive loss on leveraged bullish bets on Ether (ETH), Bitcoin, Solana (SOL), and XRP (XRP). 

Source: X/lookonchain

According to the analysis, the whale had previously made $25 million in profits from shorts in multiple cryptocurrencies, but decided to flip the position on Feb. 4, resulting in a $40 million loss. There is no way to know exactly what triggered this entity to place those bets, but the event proves that even whales can misinterpret the market.

Related: Warren Buffett bought $17B in US T-bills: A bad omen for Bitcoin price?

The erratic signals from President Trump regarding a potential full-on invasion and the war in Iran leave room for opposing views. Iranian Foreign Minister Abbas Araghchi denied there were talks for a ceasefire but confirmed to Al Jazeera on Tuesday that there was an intention to end the war, according to CNBC.

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Given the history of this whale’s market positioning and its track record of losing trades, it’s possible that the current $80 million bet may fall on the wrong side of the market.