SK hynix (KRX:000660) approaches ADR convergence milestone following 30% rally in Seoul
SK hynix Inc. starts Monday amid a notable divergence across markets. Shares in Seoul surged 29.95% on Friday, while its Nasdaq ADR declined 3.54%.
Technology
SK hynix Inc. starts Monday amid a notable divergence across markets. Shares in Seoul surged 29.95% on Friday, while its Nasdaq ADR declined 3.54%.
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SK hynix Inc. starts Monday amid a notable divergence across markets. Shares in Seoul surged 29.95% on Friday, while its Nasdaq ADR declined 3.54%.
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XRP traded close to $1.06 on Sunday, following an initial $7.69 million in inflows into U.S. spot funds on Friday. The inflow registered as…
TechStock² • Digital assets
US dollar / XRP
XRP bounced on Sunday yet continues to trade under the $1.14–$1.16 ceiling set in July. The outlook hinges on whether ETF inflows and an upcoming XRP Ledger rollout can deliver consistent spot buying.
Short-term structure strengthens if above $1.14, and deteriorates if it falls below $1.05.
Demand for funds and network growth are on the rise, but price confirmation has not yet occurred.
Spot XRP funds in the US
Up $7.69 million
July 31 saw a net inflow. Total net inflows amounted to $1.51 billion, with net assets close to $989 million.
Software for XRP Ledger
5 changes
The upcoming xrpld 3.3.0 update is set to feature five suggested modifications. These changes are not enabled by the software release itself.
The week starting Aug. 3
The package will feature batch transactions, permission delegation, sponsored fees, as well as two token functionalities.
Following release
For an amendment to take effect, it must achieve over 80% backing for a two-week period.
Throughout the week
Bitcoin holds close to $63,000. A broader market downturn may overshadow developments specific to XRP.
Bullish scenario
A decisive move higher surpasses late-July resistance, putting the $1.16–$1.19 zone back on the radar.
Baseline scenario
Interest in ETF products and upgrades is balancing an otherwise weak medium-term outlook. Sideways trading is expected to be the predominant scenario.
Downside scenario
The next level to watch is the $1.04 close area. If it gives way, the $1.00 mark could come into play.
The divergence is key. Fund inflows and ledger activity are rising, yet XRP is still 41.2% under its closing price at the end of 2025. Securing a daily finish above $1.14 would be more significant than the software news on its own.
Market data displays provide momentary snapshots and do not serve as tailored investment advice. Scenario levels reflect observed market benchmarks rather than assured price objectives. Forecasts may shift rapidly as prices, fund flows, and network votes fluctuate.
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