The Bank for International Settlements (BIS) has conducted a proof of concept using the XRP Ledger blockchain to verify the authenticity of official economic statistics. By recording cryptographic fingerprints of datasets on the XRP Ledger, the BIS aims to create a permanent, tamper-proof record that confirms whether published data has been altered. This system leverages the ledger's low transaction costs and fast confirmation times, achieving verification within seconds. While still experimental, this use case highlights a novel application for the XRP Ledger beyond typical cryptocurrency functions.
A recent chart analysis of XRP indicates it is in a phase called manipulation, following an initial expansion phase. This pattern resembles an earlier rally phase, which some traders interpret as a bullish sign. However, this is a technical reading a...
The Binance Scarcity Index for XRP has reached its highest level since 2022, indicating fewer XRP tokens are available for trading on the exchange. On November 4, Binance experienced a significant withdrawal of 418.5 million XRP tokens, marking its l...
On November 4, Binance recorded an outflow of 418.5 million XRP tokens, the largest single-day withdrawal in about nine months, valued at approximately $540 million. This outflow surpassed a previous large withdrawal of 315 million XRP on October 29....
The XRP Ledger's native lending system proposal has reached 60% validator approval, with 21 out of 35 validators supporting it. This upgrade, known as XLS-66, would enable fixed-term loans on-chain using pooled digital assets, expanding XRPL's use be...
XRP is experiencing a sharp increase in short positions, rising over 650%, as its price falls below key support levels toward $1. Despite this bearish momentum, on-chain data shows significant whale accumulation and a reduction in XRP supply on excha...
