XRP spikes to $1.41 then falls back into triangle as XRPL upgrade stalls one vote short
- —XRP rose to $1.41 before falling back into the triangle, trapping retail buyers
- —Batch V1.1 is backed by 27 of 35 validators (77.1%), with 80% required
- —Spot XRP ETFs drew $11.51 million for the day, with AUM reaching $1.22 billion
- —Bitcoin ETFs saw 937.8 BTC withdrawn, Ethereum ETFs 74,500 ETH
Why it matters: The XRPL upgrade delay and XRP's failed breakout weaken short-term momentum, while the outcome of the CLARITY Act vote will set the market's direction.
Source: U.Today