XRP Price Volatility Spurs Treasury Adoption

XRP saw a sharp price drop of over 10% in 24 hours, testing support around $3.10 after hitting all-time highs above $3.60, driven in part by a 50 million XRP transfer to exchanges by a wallet linked to Ripple co-founder Chris Larsen. This move sparked liquidation of over $100 million in long positions, though institutional interest remains strong, with whales accumulating 280 million XRP in 10 days and the total number of XRP wallets rising to 7.2 million. Technical analysis indicates a mixed outlook, with some predicting a short-term rebound and others noting bearish momentum amid reduced network activity. Corporate adoption continues, as companies like Nature’s Miracle and VivoPower integrate XRP into their treasuries, signaling increased confidence in the token. Ripple’s management addressed concerns regarding the release of escrowed XRP, stating their approach is meant to support price stability. The broader market shift underlines XRP’s growing role as a corporate and financial asset.