XRP Poised for a Big Move Against Bitcoin
XRP is flashing signs of a potential squeeze against Bitcoin, a setup several traders have highlighted. The XRP/BTC pair sits near 0.00000945, and TradingView data shows it’s down 35.05% since the start of the year. Even so, XRP has climbed 27% since June, a sharp rebound that often precedes a squeeze. In markets, a squeeze can unfold when prices jump quickly while many traders are short, forcing those positions to buy back and push the price higher. If momentum keeps building, XRP could be nearing that kind of bullish inflection.
We’ve seen this movie before. The last notable squeeze followed a favorable court development in Ripple’s legal fight with the SEC. XRP spiked but couldn’t hold the gains for long. A similar pattern played out last year, after a ruling clarified that secondary sales of XRP weren’t securities. For traders, the shifting backdrop around XRP keeps creating windows of opportunity—and just as quickly, real tests of conviction.
Coinbase Expands With a New Token on Its Roadmap
Coinbase has added ZK, the native token of the ZKSync blockchain, to its listing roadmap. ZKSync is a layer-2 scaling network on Ethereum that uses zero-knowledge rollups—tech that batches many transactions and posts a proof back to Ethereum—to make transfers faster and cheaper. The move fits Coinbase’s broader push to offer a wider range of assets while staying focused on usability and cost.
On September 5, Coinbase also announced the inclusion of Moonwell (WELL) in its product lineup. Earlier updates noted that tokens such as CORE, Lido DAO, Safe, and Velodrome Finance are available to New York residents through the Coinbase app on both iOS and Android. Together, these steps signal a steady expansion of choices for users and a nod to the increasingly competitive market for new listings and lower-fee, higher-speed trading.
Binance Shows a Marked Drop in XRP Reserves
Binance’s latest proof-of-reserves snapshot, covering the month ending September 1, shows meaningful shifts in user assets on the exchange. Bitcoin balances fell 1.27% to 605,000. Ethereum holdings dropped 4.58% to 4.486 million, a decline of 215,000 ETH over the period.
Stablecoin balances moved the other way: USDT rose 4.34% to 22.11 billion. That tilt toward stablecoins suggests many users are prioritizing capital preservation in a choppy market. As for XRP, reserves decreased to 2.75 billion coins, down 174.89 million since August. The gradual rotation into stablecoins lines up with a wait-and-see approach—staying in crypto’s orbit while looking for clearer signals before rotating back into more volatile assets such as XRP.
Market Outlook and What to Watch Next
Crypto remains fast-moving, and XRP’s setup could mark a turning point. Coinbase’s roadmap additions and Binance’s reserve shifts are two sides of the same story: more choice on-ramps, more caution in positioning. If a squeeze against Bitcoin does unfold, it could rekindle volume and attention in the XRP market. If it doesn’t, the recent rebound still matters—it shows buyers stepped in after a long slide.
For now, staying close to the data helps. Listings can draw fresh liquidity; reserve changes can hint at risk appetite. Watching how XRP behaves around the 0.00000945 level, and whether dips are quickly bought or rallies quickly sold, may offer useful tells. In a market that evolves by the week, small shifts in tone often arrive before the big moves.
Frequently Asked Questions
What is a squeeze, and why might XRP be nearing one?
A squeeze happens when price jumps quickly and short sellers rush to cover, adding fuel to the move. With XRP up 27% since June after a long decline, that mix of rebound and positioning can create the conditions for a squeeze against Bitcoin.
How has XRP performed against Bitcoin this year?
The XRP/BTC pair is around 0.00000945 and is down 35.05% year to date, according to TradingView. Even so, the recent upswing since June shows momentum can flip, at least in bursts, which traders are watching closely.
What exactly did Coinbase announce about new tokens?
Coinbase added ZK, the native token of the ZKSync layer-2 on Ethereum, to its listing roadmap. On September 5, it also revealed the inclusion of Moonwell (WELL), and it previously noted that CORE, Lido DAO, Safe, and Velodrome Finance are available to New York residents through the Coinbase app on iOS and Android.
What did Binance’s proof-of-reserves snapshot show?
For the month ending September 1, user Bitcoin balances on Binance fell 1.27% to 605,000, and Ethereum holdings declined 4.58% to 4.486 million (a drop of 215,000 ETH). USDT rose 4.34% to 22.11 billion, while XRP reserves decreased to 2.75 billion coins, down 174.89 million since August.
What does the shift toward stablecoins mean for XRP?
Rising USDT balances suggest users are leaning defensive, holding stablecoins while they wait for clearer signals. That can dampen near-term volatility in assets like XRP—until a catalyst, such as a squeeze or major news, pulls capital back into higher-beta trades.
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