The XRP price slid on Wednesday to its lowest level in four months, hitting 
$1.14. The drop has contributed to a broader soft patch across crypto, and 
both chart analysis and on-chain indicators are now pointing to a more bearish 
environment for the altcoin. XRP Price Slips Below Key Averages Market expert 
Sam Daodu, in a fresh breakdown of what’s driving the move, argued that there 
currently isn’t much for bulls to lean on. One of the most immediate issues is 
trend structure. According to Daodu, the XRP price is currently trading below 
its key moving averages — specifically the 7, 14, and 30-day averages — 
indicating that the short-term trend is bearish across multiple timeframes. 
Related Reading: Bitcoin Drops Below $66,000 Amid Mounting ETF Outflows, $4B 
Withdrawn In 12 Days He noted that the weekly exponential moving averages 
(EMAs) sit higher, clustered between $1.50 and $1.78, which has effectively 
capped every rebound attempt. That means even when XRP bounces, buyers have 
struggled to push it out of that upper resistance band. The outlook also looks 
difficult when comparing the XRP price to the 200-day moving average, a level 
that Daodu sees as a dividing line between bullish and bearish regimes. The 
expert placed this key reference price at about $1.64, describing it as a 
“long climb back” from current trading levels at around $1.17 at the time of 
writing—underscoring how far the asset would likely need to recover to regain 
a more constructive trend. Whale Withdrawals Hit 4-Year Low On-chain activity 
adds another layer of concern for the XRP price. Whale withdrawals from 
Binance—often viewed as a quieter bullish sign because it can indicate large 
holders moving assets off exchanges to hold long term—have fallen sharply. 
Over the past 30 days, whale withdrawals are down to roughly 978 million XRP, 
which Daodu described as the lowest reading since 2021, essentially a four- 
year low. In the same period, CryptoQuant data indicates large-holder 
accumulation has stalled, implying that big holders aren’t adding with 
conviction during this decline. With this in mind, Daodu’s bearish setup 
centers on three key price levels. The first is $1.14, which he frames as the 
near-term technical target. The second is $1.11, the low from February. The 
third is $1, aligned with the monthly Bollinger floor and treated as a 
potential endpoint if selling pressure persists. He also emphasized that if 
macro conditions don’t ease and whales keep showing reluctance to accumulate, 
these levels could become the next stops. What The Recovery Depends On Daodu 
also suggested that the path forward may hinge on three factors. The first is 
whether the XRP price can defend the $1.14. If it holds, the bullish case can 
still play out; if it breaks, he expects the move could extend toward $1.11 
and potentially into the $1 area. The second factor is the CLARITY Act floor 
vote. A vote scheduled before the August recess would help clarify the 
regulatory picture, while no vote could deepen disappointment and add to 
existing macro pressure. Related Reading: Mastercard Unveils Stablecoin 
Settlement Support Spanning 8 Blockchains, Including The XRP Ledger The third 
factor is whale behavior again—specifically, whether whale withdrawals from 
Binance start climbing back above the current 978 million XRP reading over the 
past 30 days. Rising withdrawals above that level would indicate renewed 
accumulation by larger holders. Even with these bearish indicators, Daodu 
cautioned that the drop isn’t necessarily rooted in XRP-specific fundamentals. 
He argued that the XRP price was pulled lower alongside the rest of the 
market, meaning the next phase likely depends on how those broader market 
conditions develop. Featured image created with OpenArt; chart from 
TradingView.com

The XRP price slid on Wednesday to its lowest level in four months, hitting $1.14. The drop has contributed to a broader soft patch across crypto, and both chart analysis and on-chain indicators are now pointing to a more bearish environment for the altcoin. XRP Price Slips Below Key Averages Market expert Sam Daodu, in &#8230;

XRP Price Falls To 4-Month Lows—Charts Signal Sell, On-Chain Data Turns Bearish

Automation&#8217;s rise could shrink the human-only economy, but human touch remains 
valuable in certain sectors.
The post Alex Imas: The human-only economy is shrinking, automation will redefine job structures, and we need better data for economic predictions | Dwarkesh appeared first on Crypto Briefing.

Automation&#8217;s rise could shrink the human-only economy, but human touch remains valuable in certain sectors. The post Alex Imas: The human-only economy is shrinking, automation will redefine job structures, and we need better data for economic predictions | Dwarkesh appeared first on Crypto Briefing.

Alex Imas: The human-only economy is shrinking, automation will redefine job structures, and we need better data for economic predictions | Dwarkesh

Bitcoin has fallen below $64,000 after Strategy’s small BTC sale intensified 
pressure on a market already facing ETF outflows and renewed criticism from 
high-profile skeptics. According to Strategy’s latest disclosure, the Michael 
Saylor-led Bitcoin treasury firm sold 32 BTC after…

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The shift in Bitcoin holdings highlights a growing divergence in institutional 
strategies, potentially impacting market stability and future adoption.
The post CoinShares report reveals 17% drop in institutional Bitcoin holdings 
as hedge funds flee appeared first on Crypto Briefing.

The shift in Bitcoin holdings highlights a growing divergence in institutional strategies, potentially impacting market stability and future adoption. The post CoinShares report reveals 17% drop in institutional Bitcoin holdings as hedge funds flee appeared first on Crypto Briefing.

CoinShares report reveals 17% drop in institutional Bitcoin holdings as hedge funds flee

Bybit has added support for Western Union’s USDPT stablecoin, becoming the 
first major cryptocurrency exchange to list the dollar-pegged token for 
trading, transfers, and custody. According to an announcement released on 
Thursday, users can now hold, transfer, and trade USDPT…

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Rising job cuts and market reactions highlight economic uncertainty, urging 
investors to closely monitor employment trends and labor reports.
The post US challenger job cuts rise to 97K in May as S&amp;P 500 futures slide on 
labor data appeared first on Crypto Briefing.

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XRP Price Falls To 4-Month Lows—Charts Signal Sell, On-Chain Data Turns Bearish

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