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XRP fell 8% in a single day, breaking support, but ETP weekly deposits reached a new high of 289 million｜Singapore approves payment licenses
[Crypto World] On Monday, XRP directly broke through the support level, falling 8% in a single day, and the entire crypto market also turned green.
However, even though the price is falling, the funding hasn't stopped. XRP's ETP attracted $289 million last week, setting a new historical record. 21Shares has also been busy, with a new US spot XRP ETF freshly launched.
More importantly, Ripple has obtained a pass from Singapore, which means their XRP payment business can expand in the Asia-Pacific.
Everyone is now focused on one thing: the 1 billion XRP in the Ripple custody account is about to be unlocked, and how they handle this batch of coins will basically reveal what their liquidity strategy is going to be. The market is waiting for this signal.