XRP Slides 2.22% Amid Whale Accumulation, ProShares ETF Buzz, and Ripple’s Banking Ambitions

XRPUSDT experienced a price decrease of 2.22% over the last 24 hours, with the current Binance price at 2.7614. The recent price movement is largely attributed to a combination of technical and fundamental factors, including a major technical breakout from a descending triangle pattern, increased accumulation by large holders (whales), and anticipation surrounding the upcoming ProShares XRP ETF launch on July 18, which has driven significant institutional interest. Additional drivers include Ripple’s application for a U.S. banking license, expansion of RLUSD stablecoin activities, and ongoing legal developments with the SEC. Despite strong bullish momentum earlier in the day, which saw prices reach a high of 2.84, profit-taking and short-term consolidation have contributed to the current pullback. Trading volume remains elevated, reflecting sustained market activity, and XRP maintains a high market capitalization, with a circulating supply of approximately 59.13 billion coins.