A trader named Michael announced he closed his short position on XRP at $1.22 and is now waiting for confirmation that the price has hit a bottom before buying again. He noted that XRP is currently at a key support level but did not confirm that the bottom is established. This cautious approach suggests traders are watching XRP closely for signs of a stable price floor before re-entering the market.
While Michael closed his XRP short at $1.22, XRP on Pluang trades at Rp19.183, down 2.27% as of Nov 11, 2026 18:21 WIB. The token shows a moderate sell pressure with 44% of orders to sell versus 56% to buy, and a typical hold time of 73 days. This contrasts with its large circulating supply of 63.5 billion XRP, representing 64% of the total 100 billion XRP available.
Open interest in Solana's perpetual futures surged 4.55% to $832.5 million, the fastest gain among five major cryptocurrencies, indicating growing trader interest. Bitcoin's open interest also rose 3.06% to $7.41 billion, while Ether's declined sligh...
Ripple Mint officially launched on July 23, 2026, providing institutional users with software tools and a web interface to create, redeem, and manage Ripple USD (RLUSD). The platform supports automated operations via API and manual transaction manage...
David Schwartz, former CTO of Ripple, has sold about 90% of his XRP holdings, reducing from 26 million to 3 million tokens due to decreased risk tolerance. He also cut his Bitcoin and Ethereum holdings significantly. Despite this, he still holds a su...
Ripple manages XRP supply through an escrow system that releases up to one billion XRP tokens each month. In November, Ripple released one billion XRP but returned 700 million, leaving 300 million XRP outside escrow. This process helps protect XRP's ...
Investor Lark Davis highlighted that Ripple USD (RLUSD), a stablecoin available on multiple blockchains including Ethereum, may not significantly increase institutional demand for XRP. Since RLUSD transactions on Ethereum don't require XRP, instituti...
