Key Insights:
- XRP’s 30D % change in Realized Cap just hit +4.2%, outpacing SOL modestly +1% as capital rotates faster into XRP. This hints at a stronger short-term conviction.
- Ripple (XRP) closed bearish and continues to decline in line with Bitcoin’s weakness and the broader crisis.
- Amazon Web Services confirms active interest in XRP for payments.
XRP price analysis and its monthly realized cap show mixed sentiment. The Amazon Web Services announcement adds to the uncertainty in the market. That way, a deep look into these metrics could offer a clearer outlook of what to expect with XRP.
XRP Monthly Realized Cap
Ripple is gaining strength against Solana (SOL) in realized capital inflows. A 30-day percent change chart highlights this trend. The change in realized cap just topped +4.2% for XRP, comfortably beating SOL and its humble +1%.
This rotation showed that capital was rotating into XRP with more force. It implied more near-term conviction by market participants.
XRP price has maintained a positive trend for most of the timeline. Sharp rises occurred in April, May, and June, reinforcing market strength.
Each spike aligns with major news or renewed buying interest. This drives the realized cap growth trend, reinforcing market momentum.
Conversely, SOL spent most of March and April in the red. It did close the gap until mid-May, only to dive back beneath zero in June. This comparative underperformance indicated deteriorating short-term capital confidence in SOL.
With the maintained trend, Ripple could stay in speculative inflows. Institutional rotation was also possible amid renewed optimism. Clearer regulations further fueled expectations for its future.
The news highlights strong investor interest in XRP price trends. Market conditions continue to fuel optimism among traders. This reflects growing confidence in XRP’s future performance.
XRP Price Action Analysis
Ripple ended the day on a bearish note at $2.14. It continued its slump with the rest of the market, which Bitcoin also headed. In the daily chart, XRP price was still trading within a falling channel.
Near-term support was seen at the $2 level, which had several times supported the price in the volatile moves intraday. If XRP fails to hold this level, it could drop to $1.5160. Further pressure may push it lower, potentially reaching $1.30.
Nevertheless, the technical formation still provided a bullish configuration in case some conditions unfolded. Ripple showed a potential breakout structure nearing resistance at $2.80. A break above this level could trigger a major price move.
The trendline was broken earlier, hinting at bullish efforts, yet the price kept consolidating. If XRP price breaks above $2.80, it could surge to $3.30. A further rally may push it toward the $3.65 resistance zone.
This move would mark a 70% upward shift, signaling strong bullish momentum. The $2.00 support and $2.80 resistance were the pivot zones traders observed keenly before that time.
The potential of Ripple to reverse at $2.80 may be a sign of another flip into the bullish zone. On the other hand, failure to do so might extend the consolidation or increase the correction.
Amazon Web Services on XRP Payments
Amazon Web Services (AWS) has formally announced that it is actively exploring XRP for payment systems. This marked a significant twist in institutional interest in the token.
AWS revealed in a panel meeting that it is exploring XRP integration. A dedicated team member has been assigned to assess its potential use. This move could reshape modern payment infrastructure. This step depicted a precise shift from speculation to reality.
Institutional involvement strengthens XRP’s use case in payments. Its efficiency makes it ideal for cross-border transactions. Speed and cost savings are key advantages in global finance.
The involvement of AWS could deliver to greater corporation-level customers. This further proves the usefulness and compliance-oriented nature of XRP.
Should AWS continue with its plans to integrate XRP, the demand can increase by a large margin, driving the price up.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
