The ECB may rely on regulated euro stablecoins and private innovation to counter the dominance of US dollar stablecoins, says adviser Jürgen Schaaf.

ECB adviser doubts digital euro can match US dollar stablecoins

The XRP price broke out of an almost seven-year downtrend in 2024 and is now 
trading above $3, sparking renewed optimism across the market. With its 
steadily growing price, crypto analyst JackTheRippler claims that XRP is 
unlikely to face any major pullback like in the past, believing that the 
altcoin has entered a new bullish phase—and the “train has left the station.” 
XRP Unlikely To Revisit Previous Lows In a bold assertion that challenges 
typical post-rally pullback expectations, JackTheRippler has doubled down on 
his earlier outlook for XRP, claiming that a dramatic price retracement is no 
longer on the table. According to a price chart shared via X social media 
alongside his analysis, XRP has successfully broken out of a multi-month 
descending triangle pattern and surged beyond key resistance levels, 
skyrocketing above $3.6 before consolidating around $3.19. Related Reading: 
Crypto Analyst Warns XRP Investors Amid Market Retrace The chart reveals that 
XRP maintained strong horizontal support near the $1.77 region for several 
months, forming the base of the triangle. Despite multiple attempts to breach 
this level during its consolidation phase, the token held firm. The recent 
breakout in late July above $3.6 marked a significant shift in XRP’s 
structure, invalidating the downward trendline that had capped price action 
since December 2024. In his post, JackTheRippler emphasized that, unlike in 
previous cycles, XRP is unlikely to return to earlier lows. The analyst 
declared that “the train has left the station,” implying that the window to 
buy at significantly lower levels has decisively closed due to a price floor 
increase. With XRP now trading above $3.3, the main question is whether this 
level will establish itself as firm support and potentially propel it to new 
levels. Based on the cryptocurrency’s current technical setup and 
JackTheRipple’s confident projection, the path forward for XRP suggests 
continued upward momentum rather than a reversal. Analyst Unveils XRP Next 
Bullish Targets A recent chart analysis shared by crypto analyst Dark Defender 
suggests that XRP’s long-standing cooling period may be finally coming to an 
end. According to the pattern highlighted on the chart, the cryptocurrency 
appears to be mirroring its 2017 setup—a formation that led to an explosive 
breakout. Related Reading: XRP Price Forms Double Top, This Structure Says A 
Crash Is Coming With XRP now consolidating above $3.3, Dark Defender argues 
that this phase resembles a stabilization period that preceded the previous 
bull run, marked by a breakout from a descending wedge and rapid vertical 
gains. Based on the Elliott Wave Theory, the analyst has set XRP’s next 
bullish targets for $13.13, $18.22, and $36.76. According to Dark Defender, 
the cryptocurrency’s price surge observed in June and July confirms its 
breakout structure, positioning August as a potentially explosive month for 
the asset. Chart comparisons between the 2017 and 2025 cycles highlight 
striking similarities, each featuring a sharp rally, a descending 
consolidation, and a breakout that historically led to parabolic gains. 
Featured image from Getty Images, chart from Tradingview.com

XRP Won’t See Devastating Pullback Because ‘The Train Has Left The Station’

Ether exchange-traded funds (ETFs) delivered a staggering $1.85 billion in 
inflows during the week, extending their dominance streak to 11 consecutive 
weeks. Bitcoin ETFs, on the other hand, saw a modest $73 million in net 
inflows, weighed down by early-week red days. Institutional Flow Shift? Ether 
ETFs Soar While Bitcoin ETFs Post Modest Gains Ether […]

ETF Weekly: Ether Records Second-Highest Ever Inflow as Bitcoin Posts Modest Gains

Mill City Ventures is committing $450 million to Sui, positioning itself as a 
bridge between traditional finance and blockchain’s next wave. With elite 
backers like Galaxy and Pantera, the move may accelerate Sui’s path to 
mainstream institutional use. On July…

Mill City goes all-in on Sui with $450m treasury strategy

Grove Finance, an institutional-grade credit protocol in the Sky ecosystem, 
will go live on Avalanche, deploying up to $250 million in real-world assets 
to bolster the layer-1 blockchain’s tokenization traction. Grove, introduced 
recently as an institutional-grade platform designed to accelerate…

Grove Finance launches with a $250m RWA investment on Avalanche

The Trump Administration has finally reached a trade deal with the EU, 
allowing U.S. products to enter European markets without paying tariffs. In 
addition, EU exports to the U.S. will incur a 15% tariff, with the EU also 
committing to allocate hundreds of billions for U.S.-sourced energy and 
investments. &#8216;Biggest of Them All:&#8217; Trump Reaches […]