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Ethereum continues to show remarkable resilience, with demand leaving its mark even as price action remains sideways. ETH has been consolidating in a narrow range, mirroring the broader market where Bitcoin trades cautiously and altcoins display selective strength. Yet behind the scenes, institutional interest in Ethereum is quietly building, setting the stage for what could be the next major move.

According to fresh data from Lookonchain, SharpLink recently transferred $379 million USDC to Galaxy Digital, capital that may be allocated toward purchasing more ETH. This transfer underscores a growing trend: institutional players are not shying away from Ethereum, even amid volatility and macroeconomic uncertainty. Instead, they are positioning themselves for what could be a decisive breakout once the current consolidation phase resolves.

SharpLink Gaming is among the first Nasdaq-listed companies to design a treasury strategy centered on ETH, marking a significant milestone in corporate adoption. By treating Ethereum as a strategic reserve asset, it reinforces the idea that ETH’s role extends well beyond speculative trading into long-term institutional portfolios.

Related Reading: Bitcoin Mining Difficulty Keeps Rising Despite Price Volatility – Details

With consolidation tightening and institutional inflows accelerating, the coming weeks may prove critical. Many investors expect a massive surge for Ethereum once the current sideways structure breaks, potentially marking the start of its next major rally.

SharpLink Expands Ethereum Treasury

SharpLink has officially announced that its total Ethereum holdings climbed to 837,200 ETH as of August 31, 2025, solidifying its role as one of the largest corporate holders of the asset. The company continues to pursue its ETH-focused treasury strategy aggressively, with notable activity reported in the week ending August 31.

During that week, SharpLink purchased an additional 39,008 ETH, bringing its cumulative balance to new heights. These acquisitions were financed through $46.6 million in net proceeds raised via the company’s at-the-market (ATM) facility, demonstrating its ongoing ability to secure fresh capital for strategic allocations. Importantly, the average purchase price for the week’s ETH acquisitions stood at $4,531, reflecting the company’s confidence in buying at elevated levels as Ethereum consolidates near all-time highs.

This accumulation has elevated SharpLink to the position of the second-largest ETH treasury holding company, trailing only BitMine. BitMine currently holds more than 2 million ETH, valued at approximately $9.2 billion. Together, these treasury allocations highlight how major institutions are increasingly adopting Ethereum not only as a speculative asset but also as a long-term strategic reserve.

By expanding its ETH holdings so aggressively, SharpLink is sending a clear signal to the market: Ethereum’s role in corporate treasuries is no longer theoretical. As adoption grows, such moves could prove pivotal in reinforcing ETH’s status as a core asset in the global digital economy.

ETH Analysis: Trading Sideways

Ethereum is trading at $4,436, showing a 2% daily gain as the price begins to emerge from a prolonged consolidation phase. The 12-hour chart highlights that ETH has been moving sideways for much of September, holding firmly above $4,200 support. Now, momentum appears to be picking up as the price tests resistance around $4,450.

The 50 SMA at $4,407 is now acting as immediate support, while the 100 SMA at $4,182 provides a stronger cushion below. The 200 SMA, sitting at $3,460, remains well beneath the current range, confirming that ETH’s broader bullish structure is intact. As long as Ethereum maintains levels above $4,200, the technical setup favors continuation to the upside.

For bulls, the next critical test lies in reclaiming $4,600, a level that has repeatedly capped rallies in recent weeks. A decisive breakout above this resistance would set the stage for ETH to retest the $4,800–$5,000 zone, potentially marking the start of a stronger bullish leg.

Featured image from Dall-E, chart from TradingView

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After a severe correction, Ethereum recovered and is now firmly above the $4,300 support zone, demonstrating its resilience. The daily chart’s structure indicates that ETH may be poised for another surge toward the $5,000 milestone, suggesting that the recent pullback may have reached its end.

The 50-day EMA has been a dynamic support for ETH’s strong recovery over the last few weeks. The recent uptrend has seen shallow corrections that have been swiftly followed by fresh buying pressure. This kind of market behavior reflects strong investor confidence, a necessary ingredient for pushing ETH into uncharted territory.

The RSI at 59 indicates that there is space for a new rally, as ETH has cooled off from overbought conditions. In contrast to earlier this year, volume is still high, even though it has been decreasing during the correction phase.

In the upcoming sessions, ETH may retest recent highs around $4,800 and push above them toward $5,000 if volume increases. Nevertheless, Ethereum’s rallies are infamously erratic. Investors should keep in mind that even though the chart structure encourages continuation, parabolic advances frequently come to an abrupt end.

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Deeper corrections could return to the 200-day EMA around $3,400 if the price fails to stay above $4,200. The path of least resistance is still up for the time being. With investor interest, momentum recovery and structural support, ETH is well-positioned to try another breakout.

The $5,000 drive might happen sooner rather than later if momentum is in favor of it, but traders need to be on the lookout because Ethereum rallies have a history of reversing as fast as they start.

XRP’s critical breakdown

Now hovering just below the crucial $3.00 level, XRP is getting closer to a definitive breakdown. Instead of providing bullish potential, the symmetrical triangle pattern that has been tightening over the past few weeks appears poised to tilt toward the downside, according to the charts.

As of press time, XRP is trading close to $2.82 and has already started to decline below short-term support. By confirming the formation’s increasing weakness, this price action raises the possibility that the market is getting ready to continue its downward trend.

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While the triangle’s breakdown is a bearish signal in and of itself, it becomes even more dire when combined with declining volume. If this happens, XRP may quickly decline toward its 200-day EMA, which is located around $2.50. This level serves as both technical support and the next psychological safety net for investors.

If this were to drop, selling pressure would probably increase, and XRP would likely see more significant corrections. There are no indications of reversal divergence, and the RSI at 42 indicates bearish momentum. This implies that buyers are merely unwilling to intervene at the current levels, especially when combined with the declining market participation.

XRP is probably going to continue to face pressure unless a powerful catalyst appears, like an abrupt market-wide recovery.

In summary, the symmetrical triangle of XRP has successfully moved from a consolidation zone to a breakdown structure, and investors should brace themselves for a decline toward $2.50 unless $3 can be recovered quickly. Given the market’s fragility, XRP might not have much left to hold onto before more declines occur.

Shiba Inu anemic

The price of Shiba Inu, which is currently trading at around $0.0000122, is still consolidating inside a tightening symmetrical triangle. The lack of momentum leading into the weekend is what makes the current setup so important, even though the pattern has been developing for a few weeks.

The daily trading volume has stagnated, and SHIB has historically had little-to-no liquidity on weekends. This implies that once more market activity resumes next week, the true direction will probably become apparent.

It is evident from the technical picture that SHIB is being squeezed between the lower edge of its triangle support and the 50-day, 100-day and 200-day EMAs’ strong overhead resistance. An explosive breakout is anticipated in the future if price coils more inside this structure without volume.

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Because SHIB has continuously failed to reclaim higher resistance zones throughout August, the overall trend remains bearish, which presents a challenge for bulls. With neither bulls nor bears fully in control, the RSI at 44 indicates weak momentum.

However, SHIB might swiftly decline toward $0.0000110-0.0000100, a region that offered stability earlier this year, if the lower triangle support gives way. On the other hand, any significant recovery would require a bullish breakout above $0.0000135-0.0000140, but this move appears unlikely in the near future without volume.

Shiba Inu investors are unlikely to find answers this weekend. When volume resumes the following week, the market will decide whether SHIB can withstand another round of selling pressure or not. This is when the real test starts. The next course of action will probably decide SHIB’s short-term future since the triangle is getting close to its apex.

As its daily trading volume declines, Shiba Inu has once again entered perilous territory, with the token having little-to-no support for sustained price action. SHIB is still trapped in a narrowing symmetrical triangle formation at its current price of around $0.0000122, but the lack of trading activity is prompting worries that the asset may soon experience a significant breakdown. Volatility frequently precedes low volume, and in the case of SHIB, it is strongly trending downward.

Shiba Inu volumes plummet

Due to stagnating liquidity and sellers gradually gaining the upper hand, investors seem hesitant to commit. Historically, when SHIB’s volume has fallen to similar levels, the token followed with heavy price dumps as weak hands exited and marketmakers pushed the price lower.

From a technical standpoint, SHIB has not been able to recover its 100-day and 50-day EMAs, which are still showing resistance. As a further indication that the long-term trend is still bearish, the 200-day EMA at $0.000014 looms as an even stronger ceiling.

Erasing what was gained

The lower border of the triangle is now being tested more frequently because every recovery attempt has been swiftly rejected. Weeks of consolidation could be erased if this level breaks and SHIB drops toward $0.0000110-0.0000100. With no indications of bullish divergence to point to a reversal, the RSI near 44 indicates bearish momentum.

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In addition to having little liquidity, SHIB is essentially in no man’s land, where a significant sell-off could lead to a series of liquidations. For the time being, the success of the token hinges on whether or not buyers can act decisively. But SHIB is left operating on empty in the absence of a spike in volume, which is a surefire way to fail in a market that is already precarious.

Given Shiba Inu’s growing susceptibility to deviating from its triangle pattern, investors should prepare for the prospect of a solid dump in the near future. In other words, SHIB is at zero fuel, and the likelihood of a big decline is increasing daily unless new catalysts appear.

Ethereum is demonstrating once more that it is not turning bearish. ETH has aggressively risen since making a clean and powerful breakout above consolidation at about $3,000 earlier in July. It is currently trading just below the psychological $4,000 barrier. Ethereum is just one candle away from testing a resistance level that has historically functioned as a wall and a magnet at $3,815.

Momentum is clearly strong when looking at the structure. On the daily time frame, the trend is clear: there are higher highs and lows as well as no indications of weakness. The moving averages of Ethereum have now spread into a classic bullish alignment after it surged through them. The 21-day EMA is acting as dynamic support, assisting in the price’s upward grind, while volume, despite a slight taper, is still stable for the time being.

However, $4,000 is by no means a small checkpoint. It is a dense area of resistance that served as a distribution top for several cycles in the past. Without a fakeout or retest, a direct break is statistically unlikely. If anything, bulls might get one wick through it, but it will take significant buying pressure in addition to momentum traders piling in to keep the price above $4,000.

The fact that the RSI is above 80 indicates that the market is extremely overbought. That increases the likelihood of a cooling period, either through a sideways chop or a brief pullback, but it does not guarantee a sharp reversal in ETH. Regardless, the market tends to consolidate following runs like, this and the move thus far has been parabolic.

Ethereum may go through $4,000 in a decisive push if it can maintain its position above $3,750 and withstand profit-taking without collapsing. A retracement toward $3,400 or even $3,200, on the other hand, would simply reset the fuel for a cleaner breakout later on and would disrupt the bullish structure. 

XRP bets $3

The recent price movement of XRP points to a waning trend, and the $3 mark is currently teetering. XRP surpassed forecasts and reached highs above $3.70, following a dramatic parabolic breakout in July. However, momentum has since slowed, and the asset has entered a grinding slow correction that could potentially reverse a large portion of the gains from just a few weeks ago.

With several days of lower highs and lower closes, XRP is currently trading at about $3.11 and is slowly declining without the kind of bounce you would anticipate from intense dip-buying activity. Instead of accumulation, the daily candles depict distribution, which is a warning sign for bulls.

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An equally uninspiring picture is painted by volume. Not only is there no aggressive selling going on, but more significantly, there are no indications that buyers are taking decisive action. The absence of volume support implies that the current correction may not be finished and may even go deeper.

The Relative Strength Index, which is still high but is gradually declining, indicates that there is no longer any bullish thrust available due to the overbought situation. The psychological and technical significance of the $3 level is currently XRP’s biggest issue. If that is lost, the next support will not come until the $2.99-$2.75 range, which is where the last significant consolidation took place prior to the breakout. The bullish impulse that thrilled investors a short while ago could be wiped out if XRP does not find stability soon. 

Dogecoin should not be ignored

After experiencing a dramatic reversal from its recent rally, Dogecoin is currently trading at a risky low. After briefly rising above $0.29, DOGE has since fallen back to $0.22, wiping out a sizable amount of its gains and displaying warning indications of weakness that investors should not disregard.

DOGE returned below critical moving averages in July after a sharp, nearly vertical correction, according to the chart. When the price does not stabilize close to the top and instead forms a regular pattern of lower highs and lower lows, as we are currently seeing, this type of move frequently indicates an exhausted trend. Because of the unusually high volume during the correction, it appears that more traders are selling their positions and fewer are joining the dip to buy it.

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Unless DOGE finds support soon, probably around $0.21, it may be in for a deeper decline because this is not a healthy setup. The RSI, which has cooled off from overbought territory and is currently trending downward — indicating waning bullish momentum — is adding more fuel to the bearish case.

Given the lack of obvious consolidation or reversal signals, DOGE may be at risk of further declines, possibly testing levels close to $0.20 or even $0.19 in the event that market sentiment worsens. DOGE must firmly recover from this current level with strong volume supporting the move in order to change the course of events.

After a tumultuous week, the Bitcoin price is starting to find its footing again, rising from major support around the $115,000 level. Currently, the pioneer cryptocurrency looks to be on the path of recovery and possibly moving toward new highs this week as momentum picks up. There is also the possibility of a coming short squeeze, as explained by crypto analyst Luca on X, using recent developments that show that the recent crash may have only been temporary.

Bitcoin Shows Tendency To Cross $123,000 Again

In an X post, Luca pointed to the Bitcoin market makers as the ones behind the recent price movements and that there was a reason for this. The initial move downward looked to be an attempt to flush out late longs as crypto traders tried to take advantage of the frenzy created by the new all-time highs.

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Then a reversal moved into the works, catching shorters unaware and sweeping liquidity at support levels. This comes as bears were pulled into a false sense of security, believing that the price would continue to decline before being hit with the move back up above $118,000, triggering hundreds of millions of dollars in liquidations.

All of this is happening at a time when things like the Bitcoin funding rate were falling. Coinglass data shows the Bitcoin OI-Weighted Funding Rate had fallen briefly below 0.01% on Sunday after reaching as high as 0.0167% earlier in the week on July 23. Luca further revealed that the Bitcoin Premium metric had also fallen back into the negative.

Another interesting fact was the fact that the open interest had shot up when the Bitcoin price had declined. Then, once the price began to recover, the open interest began to rise once again, and Luca interprets this as short positions starting to get squeezed. If this squeeze continues, then the Bitcoin price could spike very quickly, taking out tens of thousands of short positions with it.

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BTC Open Interest Tells A Story Of Exposure

As the Bitcoin price has bounced between $115,000 and $120,000, the BTC open interest has barreled upwards in response. In fact, this metric sits at all-time high levels, shaking off the market uncertainty as crypto traders continue to open positions to bet on Bitcoin’s next move.

The open interest had touched $87.89 billion back on July 15, and since then, it has averaged above $80 billion every day. Amid this, the Binance Long/Short ratio shows that shorters are currently dominating at 53.97% compared to 46.03% for long accounts. This lends credence to Luca’s expectations that the market could see a short squeeze to take out shorters and push the price to new all-time highs.

Featured image from Dall.E, chart from TradingView.com

Banking titan Goldman Sachs believes the US dollar’s poor performance over the last few months is just the beginning of a downtrend that will likely last for years.

In a new podcast, Goldman Sachs chief economist and head of global investment research Jan Hatzius calls the US dollar the “dog that didn’t bark.”

Hatzius says the US economy has stabilized since April, when the stock market plunged amid Trump’s trade war. However, he points out that the dollar has continued to weaken, depreciating even as the economy rebounds.

The economist says the dollar’s bearish price action suggests it’s being driven by long-term structural factors rather than the near-term economic outlook.

“The dollar is still very highly valued on a broad trade-weighted basis, and that historically sets up for depreciation in the coming years. 

The US still runs a very large current account deficit that needs to be financed by equal-sized capital inflows.

Then there are some of these more tail risk concerns around things like Fed independence that probably also have an impact on how foreign investors perceive investments in the US…

This is not about a fire sale. It’s about making it a little bit more difficult to obtain the capital inflows that are needed to cover the current account deficit.”

In April of this year, Hatzius said that the US had a current account deficit of $1.1 trillion, which needed to be financed by foreign investments in US assets such as Treasuries and equities.

The current account deficit exists because the US spends more than it earns from the global economy. By consuming more than it produces, the country relies on foreign investment to bridge the gap. But when foreign funding slows, pressure builds on the dollar as capital flows outward, increasing the global supply of USD and contributing to its devaluation.

At time of writing, the US dollar index (DXY), which tracks the performance of the dollar against a basket of major currencies, is down about 10% year-to-date.

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Traders on a decentralized platform are putting real money on Bitcoin’s path this month. According to a new Polymarket poll, 36% of bettors believe Bitcoin will top $125,000 by July 31.

Only 11% think it will clear $130,000, while just 3% and 1% back it reaching $140,000 and $150,000 respectively. As of Tuesday morning, Bitcoin hovered around $118,327, just shy of its all‑time high of $123,000 reached last week.

Polymarket Predictions Stir The Pot

Based on reports from Polymarket, the biggest chunk of wagers focuses on the $125,000 mark. That target sits about 6% above current levels, a gap many find doable given recent price swings.

Much smaller percentages are seeking more. Only 11% are putting their money on the $130,000 target. And beyond that—above $140,000—bets decline sharply, with just 3% and 1% supporting those higher amounts.

Source: Polymarket

The survey highlights cautious optimism: many believe there’s room for improvement, but few are forecasting a dramatic leap above the previous peak.

Price action supports their caution. Bitcoin’s recent climb followed a steady rise since mid‑2023, and it has spent much of July testing resistance near the $120,000 zone.

A push past $125,000 would be a fresh milestone. But if sellers step in, a pullback toward $110,000 is not out of the question.

ETHUSD trading at $3,649 on the 24-hour chart: TradingView

Doubling Down On Bitcoin

On July 21, Trump Media & Technology Group Corp. revealed it now holds more than $2 billion in Bitcoin assets. That haul makes up the bulk of its roughly $3 billion in cash and equivalents.

CEO Devin Nunes said the move secures “financial freedom” for the company and ties into a planned utility token for the Truth Social network.

Big buys like this often send ripples through the market, attracting media attention and nudging prices higher. They can also inspire other firms and funds to consider similar crypto stakes.

I just signed the landmark legislation passed today by House Republicans to strengthen American crypto innovation.

The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act deliver on President Trump’s vision to make crypto a core pillar of the U.S. economy and ensure… pic.twitter.com/rnJgq3KaV2

— Speaker Mike Johnson (@SpeakerJohnson) July 17, 2025

US Stablecoin Rules Take Center Stage

A week ago, US President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law.

The bill sets clear rules for dollar‑pegged coins. It requires full backing by cash or Treasuries, regular reserve reports and know‑your‑customer checks.

Trump called the move “massive validation” for crypto users and businesses. House leaders also moved ahead on two other bills: the CLARITY Act and the Anti‑CBDC Act.

Their progress shows growing interest on Capitol Hill in shaping stablecoin policy. Clarity on rules could boost confidence in the broader crypto market, lifting sentiment for Bitcoin and beyond.

Featured image from Meta, chart from TradingView

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Key takeaways:

• Stablecoin inflow patterns mirror levels seen after the LUNA and FTX collapse. Pointing to fresh accumulation and the potential for a breakout rally.

• Bitcoin holds above $100,000, but new user activity is still low, indicating a “HODL” phase where holders are waiting for fresh demand to drive prices higher.

Bitcoin (BTC) is flashing early signs of a strong rally, but the price chart is not drawing attention. Onchain data shows a “demand generation” pattern similar to the accumulation phases seen after the Terra/LUNA and FTX collapse, and both marked major cycle bottoms.

Bitcoin researcher Axel Adler Jr. said that the 30-day moving average of stablecoin inflows has dipped into negative territory, forming the same “blue zones” previously seen in 2022. This suggests participants are not ready to sell, signaling a return of meaningful demand amid suppressed volatility. Adler said,

“If inflows remain at or surpass levels seen post-LUNA and FTX, it would strongly signal the launchpad of the next Bitcoin rally.”

Bitcoin network activity signals HODL dominance

BTC price is strong above $100,000, but the New UTXO 30-day SMA, a proxy for new network activity, remains near 570,000. That’s roughly 40% lower activity than when BTC was trading between $60,000–$70,000 and far from the 850,000–1 million range that supported the 2024 bull run.

This divergence suggests that long-term holders are locking up coins, not moving them, creating a supply squeeze scenario where price could rapidly rise if new demand kicks in. A move past 700,000 on the New UTXO metric would signal that fresh participants are entering. If it climbs beyond 850,000, it could confirm the start of a full-blown retail and institutional-driven bull phase.

The Exchange Flow Multiple supports this setup, tracking short-term to long-term BTC inflows, which has dropped to a zone that historically marks a seller exhaustion phase where diminished sell-side liquidity sparks upside price momentum.

Meanwhile, whales appear to be mobilizing. Large transactions now comprise 96% of all exchange flows, a level historically associated with major price expansions. These entities may position coins for strategic redistribution, often timed with price spikes.

Related: Record Q2, monthly close next? 5 things to know in Bitcoin this week

BTC risk in demand-supply imbalance persists

Despite these bullish structural signals, short-term risks remain. The Apparent Demand metric for 30 days has returned negative for the first time in two months, indicating that new buyer demand isn’t strong enough to absorb selling pressure from miners and some long-term holders (LTHs). This imbalance raises the risk of a near-term price correction.

In this mixed environment characterized by HODLing, seller exhaustion, and early whale activity, Bitcoin’s next move hinges on whether fresh demand can outpace residual selling. A short-term correction could precede the broader uptrend if momentum stalls near key resistance levels at $110,000.

Related: Bitcoin’s new all-time high now ‘inevitable’ as BTC price eyes liquidity at $109K

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

]]> https://earlybirdsinvest.com/bitcoin-demand-generation-phase-mirrors-2022-market-bottom-are-new-highs-incoming/feed/ 0 45032 https://earlybirdsinvest.com/ripple-taps-wormhole-to-link-xrp-ledger-with-35-blockchains-xrp-rally-incoming/ https://earlybirdsinvest.com/ripple-taps-wormhole-to-link-xrp-ledger-with-35-blockchains-xrp-rally-incoming/#respond Fri, 27 Jun 2025 13:06:50 +0000 https://earlybirdsinvest.com/ripple-taps-wormhole-to-link-xrp-ledger-with-35-blockchains-xrp-rally-incoming/

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

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Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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June 27, 2025

Ripple has integrated Wormhole to connect the XRP Ledger and its EVM-compatible sidechain with more than 35 blockchains, a move that could significantly boost XRP’s interoperability and reach.

Announced Thursday, the integration allows XRP-native decentralized applications to interact with networks like Ethereum, Solana, Avalanche, BNB Chain, and Polygon.

Ripple plans to leverage the new connectivity to grow its offerings in decentralized finance, tokenization, and liquidity provision.

Ripple and Wormhole Integration Unlocks Multi-Chain dApp Development

Developers will now be able to create dApps that operate seamlessly across multiple ecosystems, enhancing XRP’s utility in decentralized finance and other sectors.

“If you want real mass adoption, interoperability is essential,” said David Schwartz, CTO of Ripple and Co-creator of the XRP Ledger.

“The infrastructure has to be there, not just on one chain, but across them. With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance and control.”

Wormhole’s cross-chain bridge aims to help XRP solidify its status as an institutional-grade blockchain.

“By integrating Wormhole into the XRP Ledger, we’re helping unlock even greater potential spanning all major blockchains for one of the most established blockchain networks in enterprise finance,” Robinson Burkey, Co-Founder of the Wormhole Foundation, said.

As Ripple doubles down on interoperability, market watchers will be looking for signs that these efforts could translate into renewed momentum for XRP.

XRP Ledger Upgrade Adds Institutional Tokens

As reported, RippleX, the development arm of Ripple, has rolled out version 2.5.0 of the XRP Ledger, introducing several protocol upgrades aimed at strengthening network functionality and security.

RippleX engineer Mayukha Vadari has called the upgrade “possibly the best single lineup of amendments” ever released, introducing significant improvements to token management and transaction processing.

The XLS-85 amendment upgrades the escrow system by allowing third-party issued tokens, including stablecoins, and introduces multi-purpose tokens designed for institutional applications.

Another key change, XLS-56, enables wrapper transactions that can combine up to eight steps into a single action, aiming to lower failure rates in complex transaction flows and improve network efficiency for advanced use cases.

The new update comes as the XRP Ledger has recorded a surge in user activity, with the number of daily active addresses climbing from an average of 35,000 to over 295,000.

Alongside growing usage, the number of whale wallets holding over 1 million XRP has reached an all-time high of 2,700 — a milestone not seen in the 12-year history of the protocol.

The rise in large holders may reflect growing institutional or high-net-worth conviction in XRP’s long-term value.

In May, VivoPower also invested $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury.