XRP has experienced significant price movements recently, especially with the massive accumulation by whales. Over the past week, large holders have been quietly stacking up XRP, potentially positioning the altcoin for a significant price boost.
Their actions, combined with a resilient market, present an optimistic outlook for the altcoin’s future.
XRP Investors Are Betting on Recovery
Whale addresses holding between 100 million and 1 billion XRP have added 1.34 billion XRP worth over $3.26 billion in the past week. While some speculated this accumulation was linked to XRP’s inclusion in the US Crypto Reserve, it appears the whales were primarily buying at low prices.
This indicates that these large holders anticipate further gains. Despite XRP’s 18% crash on Monday, the whales did not sell, suggesting they are confident in the asset’s long-term potential.
The price DAA Divergence is currently flashing a buy signal for XRP as investors demonstrate resilience amid challenging market conditions. This divergence indicates that, while the broader market has experienced volatility, XRP is showing strength. With more investors holding onto their positions and fewer opting to sell, the sentiment is clearly turning bullish.
As market conditions improve, investors’ buying pressure could continue to push XRP’s price higher. This would support the possibility of a sustained rally backed by both retail and whale participation.
XRP is trading at $2.45, holding steady above the critical support level of $2.33. After facing considerable volatility over the weekend, the altcoin managed to stabilize, posting a 37% price increase. This move suggests that XRP could have the momentum needed for further gains if the bullish trend continues.
However, despite the positive signals, XRP still failed to secure $2.70 as support on Sunday, which prevented the altcoin from pushing higher. If XRP can manage to flip $2.70 into support, it could break through the $2.95 resistance, bringing it closer to its previous highs.
If the altcoin fails to breach $2.70, XRP could experience consolidation above $2.33, as seen in previous price action. This could delay the bullish outlook and may prevent any immediate upward movement, resulting in a temporary stagnation until the market provides more clarity.
As July ends, traders and investors will keep an eye on August. They willwatch several US economic signals that could influence their portfolios.
This week’s US economic signals are particularly important with Bitcoin (BTC) eyeing the $120,000 threshold.
US Economic Indicators That Could Impact Bitcoin This Week
The crypto market is up today, with Bitcoin leading the charge as it closes in on $120,000. However, whether this optimism is sustainable depends on how this week’s US economic signals unfold.
US Economic Signals this week. Source: MarketWatch
Consumer Confidence
The consumer confidence report is starting this week’s US economic signals, which are due on Tuesday. The Conference Board’s Consumer Confidence Index plummeted to 93.0 in June 2025, a 5.0-point drop from May (98.0).
According to data on MarketWatch, the median forecast is 96.0, suggesting economists are more optimistic for July. However, consumers express growing concerns amid Trump’s tariffs.
“Consumers are unlikely to regain their confidence in the economy unless they feel assured that inflation is unlikely to worsen, for example if trade policy stabilizes for the foreseeable future,” Reuters reported, citing Joanne Hsu, the director of the Surveys of Consumers.
This erosion of confidence suggests a reduced risk appetite. Pessimistic consumers are less likely to invest in speculative assets like Bitcoin, favoring safer options like bonds or cash.
If the July consumer confidence rises above expectations, it could bolster risk appetite, potentially boosting crypto.
The Job Openings and Labor Turnover Survey (JOLTS) report and Job Openings are due on Tuesday and will be released by the US Bureau of Labor Statistics (BLS).
JOLTS
The June JOLTS report, due on Tuesday, is projected to come in lower than the 7.8 million recorded in May. According to economists surveyed by MarketWatch, data on job openings, hires, and separations in the US could come in at 7.4 million.
Despite the projected drop, a 7.4 million reading would still exceed the multi-month low of 7.192 million recorded in March. Notwithstanding, it remains the key highlight of this week’s US economic indicators.
ADP Employment
Another labor market data point to watch this week is the July ADP employment report. The BLS report, which is more comprehensive and widely regarded as the official measure, indicated that private-sector employment dropped by 33,000 jobs in June 2025.
The figure was significantly lower than economists’ expectations of a 95,000 job increase, with the decline suggesting a slowdown in hiring. Data on MarketWatch shows that economists projected 82,000 job increases in July, which would still be lower than the previous reading.
Initial Jobless Claims
Another labor market data feature among US economic signals this week is the initial jobless claims, due on Thursday. This weekly jobs data highlights the number of US citizens who filed for unemployment insurance the previous week.
Initial jobless claims came in at 217,000 in the week ending July 19, but economists anticipate better prospects for the week ending July 26 and anticipate up to 221,000 applications.
An uptick in jobless claims may signal economic weakness. This would increase the likelihood of the Fed adopting a more accommodative monetary stance.
Such a shift could lead to a weaker dollar, enhancing Bitcoin’s attractiveness as an alternative asset. However, if the rise in claims is viewed as a temporary fluctuation, the impact on Bitcoin may be limited.
Meanwhile, analysts say a resilient labor market, coupled with sticky inflation, could allow interest rates to remain elevated. However, signs of a cooling job sector could temper the Fed’s path.
Non-Farm Payrolls
The US Employment report, or Non-Farm Payrolls (NFP) for July 2025, is scheduled for release on Friday. The economy added 147,000 jobs in June after 139,000 jobs in April. Meanwhile, the unemployment rate dropped to 4.1% in June after 4.2% in May.
Non-farm payroll and unemployment in the US. Source: Trading Economics
Data on MarketWatch shows that economists anticipate an increase of 4.2% in the US unemployment rate against a slowdown in jobs to 102,000. This drop or slowdown reflects potential economic impacts from President Trump’s tariffs.
Strong job growth may lead the Fed to maintain its current monetary policy stance or even consider tightening, which could strengthen the US dollar and potentially suppress Bitcoin.
However, if underlying economic concerns prompt the Fed to adopt a more dovish approach, Bitcoin could benefit as investors seek alternative stores of value.
Analysts say tough employment conditions in the US come as employers seeking clarity around the White House’s trade policy progressively having to deal with frequent adjustments to timelines and schedules.
FOMC Interest Rate Decision
Meanwhile, this week’s US economic signals highlight the FOMC interest rate decision on Wednesday. This economic indicator comes after the US CPI (Consumer Price Index) showed inflation rose to 2.7% in June.
The FOMC minutes on July 9 suggested rate cuts this year, with policymakers agreeing inflation had eased but remained “somewhat elevated.” Additionally, uncertainty around the outlook had diminished, though not disappeared.
However, whether the Fed will cut interest rates on July 30 remains to be seen. Data on the CME FedWatch Tool shows that interest bettors see a 96.9% probability that the Fed will keep interest rates unchanged between 4.25% and 4.50%.
“What’s more interesting is the Powell press conference. A few days ago, Trump met Powell, and he’s expecting the Fed to be dovish. A few other Fed governors are also calling for low interest rates, so this press conference will be pivotal,” one user observed.
Indeed, beyond the FOMC interest rate decision, traders and investors will closely examine Fed chair Jerome Powell’s speech for signals into the Fed’s future outlook.
If Powell hints at rate cuts in September, it could inspire optimism in the market. However, if he sounds just like the last FOMC meetings, the crypto market might see a sharp correction.
The idea of merging all the current Broccoli projects into one has gained much attention. Even the former CEO of Binance, CZ, has supported this idea.
Previously, Changpeng Zhao (CZ) shared the story of his dog Broccoli, which quickly sparked a wave of meme coins BROCCOLI in the crypto market. However, these projects are fragmented, and many have seen sharp price drops since their launch.
The Bold Idea Of Merging All The Broccoli Meme Coins
A user on the X platform (formerly Twitter) shared his opinion on the current state of the Broccoli projects. In the present context, this user posed a question:
“The odds of any single broccoli hitting 10x are slim to none on its own, but together?” the X user suggested.
He pointed out that the fragmentation of the Broccoli meme coin projects has prevented many investors from participating because people don’t know—or can’t predict—which project will receive liquidity.
There are too many projects being introduced. The popularity of the Broccoli meme coin has brought CZ in for much criticism.
Some Broccoli projects reached a market cap of tens of millions of USD within hours but quickly collapsed due to sell-offs or scams.
Different BROCCOLI Meme Coins on DEXs. Source: DEXSCREENER
Earlier this January, Binance announced and introduced three Broccoli projects, including Broccoli (BROCCOLI), CZ’S DOG (Broccoli), and Broccoli (Broccoli) into Binance Alpha, which have the potential to be listed on the exchange.
“Merging all Broccoli under one new contract is the safest, most promising bet for everyone involved. The odds of any single Broccoli hitting 10x are slim to none on its own, but together? That’s a real possibility,” wrote popular BNB trader Ben Todar.
He noted that each community is too distinct, and picking one as the standout is very difficult. When CZ first shared about his dog Broccoli, many investors asked him for the official CA (contract address).
The former Binance CEO has also expressed interest in this idea. He suggested that combining them would be the best approach in the current chaotic meme coin space.
Most recently, when CZ revealed that he holds a significant amount of BNB, the price of the BROCCOLI meme coin skyrocketed. However, as of the time BeInCrypto wrote this article, many BROCCOLI coins had lost most of their value.
The three CZ’s Dog projects on Binance Alpha have faced the same fate. Data show that more than 40% of Binance Alpha tokens decreased in price after the announcement.
Thus, the merger idea might be an attempt to salvage the situation. A larger community may have the opportunity to vote on the listing of their coin through a new feature introduced by Binance.
However, the timing and potential execution plan remain unclear.
Kraken exchange may be the next crypto firm to go public, after Justin Sun’s Tron and Jeremy Allaire’s Circle recently.
The IPO (Initial Public Offering) flywheel continues accelerating, with more crypto firms following the trend.
Crypto IPO Momentum Builds: Kraken Positions as Next Big Debut
In November 2024, Cathie Wood’s Ark Invest saw an IPO window for two crypto-related firms under Trump, Circle and Kraken exchange.
“Among the possibilities are…the re-opening of the initial public offering (IPO) window for late-stage digital asset companies like Circle and Kraken…,” read a paragraph in the newsletter.
Fast-forward nine months, Circle has already gone public, and now Kraken’s IPO is in the pipeline. Reports indicate that the US-based crypto exchange is seeking $500 million in funding at a $15 billion valuation for its IPO rails.
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KRAKEN LOOKING TO IPO AT $15B VALUATION, LOOKING TO RAISE $500M: THE INFORMATION
BeInCrypto saw it coming. A cryptic video on May 17 raised speculation after revealing the symbol KRAK in the caption “KRAK the World” without providing any context.
This post hinted that the exchange was either considering a possible public listing, launching a native token, or both.
Beyond the speculation, Bloomberg hinted at a Kraken IPO in early 2026, citing a friendlier regulatory environment under President Trump. This followed former US President Joe Biden’s administration, alongside Gary Gensler’s tenure, stifling IPO ambitions for several crypto firms, including Kraken and Gemini.
However, under President Trump, regulatory actions against Gemini and Kraken, among other crypto firms, dropped. This set the tone for public listings, with more industry firms now seeing an opportunity to enter public markets.
While the US-based crypto exchange has not made any formal filing, it has already laid some groundwork. These include cutting staff, streamlining operations, and expanding into stock and derivatives trading.
