• XRPUSD dropped ~20% in June to ~$1.01, then rebounded to ~$1.04. Large holders bought ~210M XRP in June. Exchange net flows were negative as tokens left exchanges. US spot ETFs saw inflows.
  • Ripple CTO proposed TxnReserve for XRPL DEX: up to 32 reserved slots per ledger for 16 ledgers; reserved txns execute first and require ≥2x fee to deter front-running and sandwiching.