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8M Accounts, ETF Rebound & RLUSD's Pressure on XRP | Jul 17
Audio is available on Spreaker — see link below.
XRP sits at $1.10 while the XRP Ledger hits 8 million accounts and daily transactions triple — the ledger is thriving but the token isn't following. Today's briefing covers the July ETF inflow rebound, RLUSD's stablecoin competition, SBI Japan's settlement tunnels, and the key price levels to watch.
Audio is available on Spreaker — see link below.
The XRP Ledger just crossed eight million activated accounts. Daily transactions are running three times higher than they were a year ago.
On the institutional side, there was a signal worth watching on July sixteenth. U.S. spot XRP ETFs recorded six point seven eight million dollars in net inflows, the strongest single day of July, led by Bitwise at four point four one million and Franklin at two point three eight million.
Here's the structural tension running underneath all of this. Ripple's own stablecoin, RLUSD, hit a one point seven billion dollar market cap and crossed one billion dollars in monthly settlement volume on the XRP Ledger in June.
On the real-world adoption side, SBI Digital Finance confirmed deployment of XRP settlement tunnels for Japanese banks through a partnership with Doppler Finance. Japan has been a consistent institutional proving ground for Ripple, and this deployment adds regulated payment infrastructure with direct XRP utility.
On price structure, XRP is range-bound between one dollar eight and one dollar fifteen. Technical analysis points to a fifth-wave setup with targets between one dollar twenty-three and one dollar forty, but there's a concentrated supply wall at one dollar eighteen to one dollar twenty-two based on on-chain cost basis data.
The two metrics that matter most from here are ETF flow consistency and whether SBI-style institutional deployments show measurable XRP settlement volume rather than stablecoin substitution. One confirms institutional conviction.
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