Ripple News Today and XRP Price Update: July 22
An entity deeply affiliated with Ripple was shortlisted for a number of recognitions at one of many trade’s most revered hedge fund award ceremonies.
XRP has entered inexperienced territory over the previous week, whereas the current conduct of the whales and renewed curiosity from institutional buyers sign that the bears could lose much more floor within the short-term.
The Prestigious Nominations
The Hedgeweek US Awards – annual trade honors recognizing top-performing hedge funds and main service suppliers throughout the United States – will happen on October 8 in New York.
The nominated firms have been (*22*), and curiously, Ripple Prime was included in 4 of the classes: Prime Broker of the Year: Client Service, Prime Broker of the Year: Technology, Prime Broker of the Year: Specialist Markets, and Prime Broker of the Year: Start-up & Emerging Managers. Competition for the entity will embody well-known brokerage corporations resembling Mirae Asset Securities and Interactive Brokers.
Speaking on the matter was Ripple Prime’s CEO Mike Higgins, who thanked all purchasers and companions for his or her “continued belief” within the platform, its resolution, and companies. He additionally famous that voting for winners is open.
Whales Are Back
Another current Ripple-related improvement is the evident return of huge XRP buyers. As CryptoPotato reported, whales and sharks holding between 100,000 and 100 million tokens every have added virtually 3% extra cash to their luggage up to now 5 weeks. At the identical time, smaller gamers (these proudly owning lower than 0.01 XRP) have diminished their publicity.
“Historically, XRP worth has tended to maneuver extra with key stakeholders and in opposition to the smallest retail wallets, so this break up helps the bullish case behind the bounce,” the analytics platform Santiment defined.
The ETF Front
Institutional buyers have additionally proven renewed urge for food towards XRP. SoSoValue’s information reveals that currently spot XRP ETFs have attracted thousands and thousands of {dollars} of capital, with the final purple day being July 8. The previous buying and selling week was additionally within the inexperienced, with roughly $7 million in internet inflows. However, 4 out of the 5 buying and selling days noticed no reportable motion, which raised some eyebrows.
The launch of those merchandise was extremely anticipated throughout the neighborhood, and the primary one (which has 100% publicity to the asset) saw the light of day in November 2025. Its issuer is Canary Capital, whereas distinguished firms like Franklin Templeton, 21Shares, Grayscale, and Bitwise adopted shortly after. Since day 1, these funding automobiles have generated a cumulative complete internet influx of virtually $1.5 billion.
XRP Price Outlook
The asset is at present value round $1.14, representing a 3% enhance on a weekly scale. Whale exercise and curiosity in spot ETFs solely reinforce the state of affairs shared by many analysts that XRP is poised for extra substantial positive aspects within the brief time period.
Earlier this week, Ali Martinez labeled $1.13 a degree of big significance, claiming a decisive breakout above might open the door for additional upside to as high as $1.30. He later confirmed the setup, saying that XRP has cleared resistance, however the token stays sideways round that line as of press time.
Cryptollica additionally chipped in. A number of days in the past, the analyst argued that “there isn’t any higher alternative” than XRP proper now, stating that it has reached an all-time low oversold degree.
The submit Ripple News Today and XRP Price Update: July 22 appeared first on CryptoPotato.
