Monat: Juli 2025

• The XRP price is currently holding above $3 amid whale accumulation and network growth.
• Ripple CTO defends not resetting ledger after early data loss.
• A break above $3.30 could trigger a rally toward $4 and beyond.

Following the week-long price decline, investors are sceptical about the next XRP move, with most turning to XRP forecasts for any clues.

The third-largest cryptocurrency by market cap has lost over 9% in the past seven days, despite earlier momentum that saw it break above the $3.50 mark.

Amid the market uncertainty, Ripple CTO David Schwartz is in the spotlight with detailed explanations about the long-standing mystery surrounding the XRP Ledger’s missing early blocks — a topic that has raised both technical and ethical questions within the crypto space.

Whale activity helping XRP stay afloat

Despite the recent pullback, XRP has held above the crucial $3.50 psychological level, with strong support building near $2.95.

This stability comes at a time when whale accumulation has intensified.

On-chain data reveals that large holders, wallets holding between 10 million and 100 million XRP, have increased their total holdings to over 8.3 billion XRP, representing 14% of the circulating supply.

This accumulation is significant because it reduces market volatility and cushions against sharp selloffs.

By limiting the amount of XRP available for sale, whales are effectively providing a price floor.

Consequently, retail investors often follow such movements, anticipating a stronger rally in the near term.

XRP Ledger sees network growth

In addition to whale behaviour, network data shows that the XRP Ledger is experiencing a noticeable rise in new wallet creations.

On July 18, daily new addresses peaked at approximately 11,000, and the network has since maintained an average of 7,500 new wallets per day.

This surge signals growing demand and heightened adoption, especially as traders seek faster, low-cost blockchain alternatives.

Moreover, XRP has outperformed Bitcoin over the past month, gaining over 30% against BTC.

This relative strength reinforces bullish sentiment, particularly among investors looking for altcoins with strong technical fundamentals and institutional backing.

XRP price action battles resistance

Currently, XRP is trading at $3.24 after bouncing from a low of $2.99 last week.

The 24-hour range remains tight, hovering between $3.17 and $3.32, while the all-time high of $3.65 (set on July 18) still looms as a psychological barrier.

Holding above $2.95, which aligns with the monthly volume-weighted average price (VWAP), is essential for XRP to maintain a bullish structure.

Technical setups indicate that a break above $3.30 could trigger a push toward the $3.82 mark, as projected by Fibonacci extensions.

Notably, prominent trader CasiTrades recently stated that “What’s promising is that we have not made a new low. Instead, it appears to have completed a subwave wave 2 of a new trend reaching a deep .854 retrace.”

🚨 XRP Tests Critical $3 Support: Is Wave 3 About to Begin? 🚨

Unfortunately, $XRP could not hold the $3.21 resistance, and ultimately has come back down to backtest the $3.00 major support.

What’s promising is that we have not made a new low. Instead, it appears to have… pic.twitter.com/bVD3HAwRBN

— CasiTrades 🔥 (@CasiTrades) July 25, 2025

Ripple’s CTO explains loss of 32,000 XRP Ledger blocks

As XRP’s price battles resistance, Ripple’s Chief Technology Officer David Schwartz has responded to renewed scrutiny over the XRP Ledger’s early history.

Specifically, critics have questioned the integrity of the network due to the loss of its first 32,000 ledgers, which span the initial ten days of its existence.

Schwartz explained that the missing blocks were the result of a software bug during the early development stages, when multiple independent ledger streams were created.

One of these streams experienced a failure, leading to unrecoverable data loss. He emphasised that this was a known issue and not an act of fraud or negligence.

Calls to reset the ledger have surfaced repeatedly, particularly from sceptics.

However, Schwartz stated that such a move would have worsened the situation by erasing additional historical data that is currently preserved.

“Nothing we could do would restore the missing information,” he wrote in a recent post on X.

What XRP traders should watch next

With XRP still up 428% year-on-year and supported by strong fundamentals, the question now is whether the pullback is over.

Whale accumulation, combined with consistent network growth and Ripple’s public response to technical concerns, provides a foundation for confidence.

That said, price must hold key levels. Any break below $2.90 could invalidate the current bullish setup.

Conversely, a move above $3.30 could ignite fresh momentum, potentially targeting $4 in the near term.

For now, XRP’s resilience, transparency from Ripple leadership, and growing adoption suggest that the market may be preparing for its next leg up — assuming broader sentiment holds steady.

The post XRP forecast: is the pullback over as Ripple CTO clarifies loss of XRP Ledger blocks? appeared first on CoinJournal.

• Safemoon forecast mixed despite recent migration to Solana.
• SFM price is down, but technical signals hint at a rebound.
• Community remains bullish, but real-world use is still lacking.

Safemoon (SFM) cryptocurrency has been under immense bear pressure for the longest time, prompting investors to question whether the Safemoon forecast offers any hope.

The digital token, once celebrated for its community-driven appeal, has struggled to regain upward momentum.

Now, after completing a major transition to the Solana blockchain, many in the crypto space are eager to know: can the SFM coin make a comeback?

Speculation after SFM migration to Solana

In April 2025, Safemoon completed its long-awaited migration from its old contract to a new one built on Solana.

The team officially shut down the previous V2 contracts on April 11, marking a pivotal shift in the project’s technical infrastructure.

The $SFM migration to @solana is officially complete!

The v2 contracts have been shut down.

Hopefully, you came along with us! There is an amazing future ahead.

Early next week we will be spinning up the Steering Committee chat for everyone to view and moving towards full…

— SafeMoon (@safemoon) April 11, 2025

This migration was aimed at enhancing speed, scalability, and overall user experience.

However, while the move has energised a section of the community, it hasn’t yet translated into significant price gains.

As of July 28, the SFM token was trading at $0.000008534, down 29.2% over the past month and down 79.2% over the past year.

Nevertheless, despite the bearish trajectory, the Safemoon community remains optimistic that the move to Solana will lay the groundwork for future utility and adoption.

Safemoon forecast: looking at the technical signals

Technical indicators currently paint a mixed picture for the SFM coin.

According to Bollinger Bands analysis, the Safemoon price is sitting at the lower band.

This typically signals an oversold condition and could hint at a buying opportunity. However, caution is still advised.

In addition, the Bollinger Bands are unusually wide, highlighting the heightened volatility surrounding the asset.

Interestingly, Safemoon’s price recently dipped below the lower band before recovering into the band’s range.

That quick re-entry may suggest the bearish move was a false signal.

Still, traders are urged to watch for confirmation before making aggressive entries.

Another critical indicator — the Accumulation/Distribution (A/D) line — continues to decline.

A falling A/D line, especially when paired with a falling price, often indicates sustained selling pressure.

This trend suggests that despite community optimism, investors are yet to accumulate SFM tokens in significant numbers.

Community sentiment holds strong

One bright spot in the Safemoon ecosystem is community confidence.

According to CoinMarketCap, over 7,300 users have cast sentiment votes, with 86% of them bullish on the Safemoon price prediction. This shows that faith in the token’s potential has not been entirely lost.

Even with the bearish market performance, daily trading volume remains relatively high, standing at $689,372.

This implies ongoing interest and activity, although not necessarily positive momentum.

Market analysts often look at volume spikes as precursors to price movement, so the sustained trading activity may still yield surprises.

Real-world utility remains the missing piece

Despite all the technical developments, the missing link for Safemoon cryptocurrency remains a real-world application.

The Safemoon team must now focus on delivering tangible use cases.

Without a clear utility beyond speculative trading, the SFM coin may struggle to build lasting value.

Currently, the token’s fundamentals do not appear strong enough to support a significant rally.

However, this could change if the project succeeds in building out its ecosystem on Solana.

The blockchain’s low fees and fast transaction speeds offer potential for dApps and DeFi integrations, both of which could reinvigorate investor interest.

Looking forward, much of the Safemoon forecast depends on what the team delivers post-migration.

Technical indicators suggest a cautious outlook, but community optimism and ongoing trading activity hint at underlying support.

The post Safemoon forecast: can SFM coin rise again after its contract migration? appeared first on CoinJournal.