Kraken’s decade of payment rails, licenses, and liquidity is now being repurposed into a consumer app that could challenge PayPal, Wise, and Cash App at their own game. According to an announcement on June 26, crypto exchange Kraken has rolled…

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XRP and tokens on the XRP Ledger can now flow across more than 35 blockchains 
as Ripple teams with Wormhole, unlocking next-level DeFi, tokenization, and 
institutional finance. Wormhole Integration Enables XRP and Tokens to Move 
Across 35+ Blockchain Networks Ripple announced on June 26 that cross-chain 
protocol Wormhole is now integrating with the XRP Ledger […]

XRP Ledger Strengthens Institutional Finance With Wormhole Cross-Chain Integration

After months of muted price action, XRP appears to be quietly building 
pressure within a textbook falling wedge formation. With over seven months of 
consolidation and recent price activity pressing up against the wedge’s 
resistance, subtle bullish signs are beginning to emerge. As momentum coils 
tighter, this silent accumulation phase could be setting the stage for a 
significant breakout. XRP Chart Indicators Echo Uncertainty In a recent X 
post, GemXBT highlighted that XRP is currently exhibiting a sideways market 
structure. The price has been hovering around the $2.19 mark, showing signs of 
consolidation rather than a clear trend. This range-bound movement suggests 
that neither bulls nor bears are in control at the moment. Related Reading: 
Expert Charts 1,400% Course To $7.5 For XRP Price As RSI Falls To All-Time Low 
GemXBT further pointed out that the short-term moving averages — specifically 
the 5MA, 10MA, and 20MA- are beginning to converge. This alignment typically 
signals market indecision, and when combined with a neutral RSI reading near 
50, it reinforces the lack of directional bias. Such conditions often precede 
a significant price move, though the direction remains uncertain. Adding to 
the neutral outlook, GemXBT noted that the MACD is flat, reflecting a lack of 
momentum in either direction. Volume is also relatively low, suggesting 
reduced trader participation and a possible wait-and-see approach by the 
market. This quiet environment could persist until a breakout or breakdown 
confirms the next move for XRP. A Bullish Break May Be Brewing According to 
XRPunkie in a post on X, XRP has been stuck in a falling wedge structure on 
the weekly chart for the past seven months. This prolonged consolidation phase 
reflects a period of tight price movement, with XRP gradually coiling within 
narrowing boundaries. Such a pattern often signals a potential breakout in the 
making, especially when observed over an extended timeframe. Related Reading: 
Ripple Plans To Take 14% Of SWIFT Volume, USDC Lands On XRPL – What Does This 
Mean For XRP Price? XRPunkie further highlighted that the past seven weeks of 
price action have occurred just beneath the wedge’s resistance line. This 
consistent pressure near resistance indicates growing strength on the buyers’ 
side. Additionally, XRP has formed a hidden bullish divergence, a signal that 
often hints at a continuation of the prevailing trend, in this case, pointing 
toward a possible upward move. The analyst emphasized that repeated testing of 
a resistance zone tends to weaken it over time. With XRP continuously knocking 
on the upper boundary of the wedge, XRPunkie believes a breakout may be 
imminent. He concluded with a clear stance: “Overall Bullish Soon,” suggesting 
that market conditions could soon favor the bulls if current momentum holds. 
At the time of writing, XRP was trading at $2.17 with a $128.61 billion market 
capitalization and $2.59 billion in 24-hour trading volume, reflecting ongoing 
consolidation in the market. Featured image from Getty Images, chart from 
Tradingview.com

XRP Silent Accumulation: A Falling Wedge On The Verge Of Explosion

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