Ripple's token has repeatedly failed to break resistance at $2.17, reinforcing a bearish descending channel pattern that remains unresolved.
A legal setback further pressured sentiment, as a judge rejected a proposed settlement between Ripple and the SEC, renewing regulatory uncertainty.
FM
XRP’s price has come under intense pressure despite a
series of major wallet transfers and a brief period of geopolitical calm. The
token dropped 3% over the last 24 hours, falling to $2.08 even as whales
moved nearly half a billion dollars worth of XRP. The latest slump has shifted focus to the
$2.08 support zone closely, and the risks of a deeper breakdown are building.
The decline came despite broader market relief
following news of a ceasefire between Iran and Israel, reportedly brokered with
the help of U.S. President Donald Trump.
While that helped stabilize global sentiment, XRP
remained an outlier in weakness. The token dropped from a session high of $2.15 to $2.08, then bounced slightly to $2.14. This trajectory marked its steepest
intraday fall since mid-June.
XRP's daily chart shows a significant price decline
XRP Price Analysis
Adding to the selling pressure was a large-scale XRP
transfer by Ripple itself. The company moved $439 million worth of tokens to an
unknown wallet, prompting speculation about possible distribution to exchanges.
Meanwhile, other whale wallets moved another $58
million in XRP to centralized trading platforms, fueling fears
of a broader selloff or internal asset reshuffling, Coindesk reported.
XRP Extends Losses
Technically, XRP failed to hold above key levels.
Resistance solidified around $2.18 after multiple rejections, while the
$2.08–$2.09 support zone has turned into a critical line to watch.
Analysts are also tracking a descending channel
pattern that has yet to be resolved. The most intense selling occurred between 12:00 and 16:00 UTC, when volume surged above 114 million XRP, and prices fell
sharply.
XRPUSD Price Chart, Source: TradingView
Despite a brief recovery to $2.105, low volume late in
the session pointed to buyer fatigue. Without strong bullish action, XRP risks
falling through the $2.08 floor, possibly targeting the $2 or even $1.91
levels.
Legal Setback Adds to Bearish Sentiment
Compounding the technical stress was a court ruling
that rejected a proposed settlement between Ripple and the U.S. Securities and
Exchange Commission. U.S. District Judge Analisa Torres denied a joint motion
to finalize a reduced penalty, reigniting uncertainty around the long-running
legal battle.
Traders reacted swiftly, with selling accelerating as
the news broke. The legal setback overshadowed any optimism around Ripple’s
ongoing regulatory progress and introduced fresh risk for XRP holders.
Volatility Drops
XRP’s 30-day realized volatility has dropped to 44%,
the lowest since November 2024. While this suggests a calmer market, volatility
is known to revert over time. If history is any guide, such low volatility may
soon give way to a strong directional move—up or down.
Despite the listing of XRP futures on the CME and
discussions around a potential XRP ETF, price action has remained contained
between $2.00 and $2.60 since March. Traders are now waiting for a decisive
break, with either a bullish reversal back toward $2.23 or a deeper retreat
below $2.00.
XRP’s price has come under intense pressure despite a
series of major wallet transfers and a brief period of geopolitical calm. The
token dropped 3% over the last 24 hours, falling to $2.08 even as whales
moved nearly half a billion dollars worth of XRP. The latest slump has shifted focus to the
$2.08 support zone closely, and the risks of a deeper breakdown are building.
The decline came despite broader market relief
following news of a ceasefire between Iran and Israel, reportedly brokered with
the help of U.S. President Donald Trump.
While that helped stabilize global sentiment, XRP
remained an outlier in weakness. The token dropped from a session high of $2.15 to $2.08, then bounced slightly to $2.14. This trajectory marked its steepest
intraday fall since mid-June.
XRP's daily chart shows a significant price decline
XRP Price Analysis
Adding to the selling pressure was a large-scale XRP
transfer by Ripple itself. The company moved $439 million worth of tokens to an
unknown wallet, prompting speculation about possible distribution to exchanges.
Meanwhile, other whale wallets moved another $58
million in XRP to centralized trading platforms, fueling fears
of a broader selloff or internal asset reshuffling, Coindesk reported.
XRP Extends Losses
Technically, XRP failed to hold above key levels.
Resistance solidified around $2.18 after multiple rejections, while the
$2.08–$2.09 support zone has turned into a critical line to watch.
Analysts are also tracking a descending channel
pattern that has yet to be resolved. The most intense selling occurred between 12:00 and 16:00 UTC, when volume surged above 114 million XRP, and prices fell
sharply.
XRPUSD Price Chart, Source: TradingView
Despite a brief recovery to $2.105, low volume late in
the session pointed to buyer fatigue. Without strong bullish action, XRP risks
falling through the $2.08 floor, possibly targeting the $2 or even $1.91
levels.
Legal Setback Adds to Bearish Sentiment
Compounding the technical stress was a court ruling
that rejected a proposed settlement between Ripple and the U.S. Securities and
Exchange Commission. U.S. District Judge Analisa Torres denied a joint motion
to finalize a reduced penalty, reigniting uncertainty around the long-running
legal battle.
Traders reacted swiftly, with selling accelerating as
the news broke. The legal setback overshadowed any optimism around Ripple’s
ongoing regulatory progress and introduced fresh risk for XRP holders.
Volatility Drops
XRP’s 30-day realized volatility has dropped to 44%,
the lowest since November 2024. While this suggests a calmer market, volatility
is known to revert over time. If history is any guide, such low volatility may
soon give way to a strong directional move—up or down.
Despite the listing of XRP futures on the CME and
discussions around a potential XRP ETF, price action has remained contained
between $2.00 and $2.60 since March. Traders are now waiting for a decisive
break, with either a bullish reversal back toward $2.23 or a deeper retreat
below $2.00.
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
