XRP faces a significant increase in token supply on Binance, causing its scarcity index to fall to a three-month low. This abundance reduces the likelihood of a price rally as demand fails to absorb the surplus. The drop in scarcity led to $13.5 million in liquidations, mostly from long positions, highlighting market caution. Without a major catalyst or shift in trader sentiment, XRP's price is expected to remain under pressure.
XRP dropped 2.8% to around $1.07, breaking below the important $1.0850 support level and nearing the lower end of its June trading range. Despite attempts to recover, the token failed to reclaim the $1.0850 zone, leaving traders focused on the $1.05 ...
Bitcoin fell below $60,000 this week due to continued outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve, and a stronger U.S. dollar, which made crypto more expensive for foreign buyers. Major cryptocurrencies like ether, XRP, and solana...
Ripple and SBI Group have launched the Ripple USD stablecoin (RLUSD) in Japan after receiving approval from the Japan Financial Services Agency (JFSA). This regulatory approval allows RLUSD to be offered through SBI VC Trade, a licensed crypto platfo...
Ripple executive Reece Merrick compared the current state of crypto payments to the early days of online shopping, highlighting that both went through a slow infrastructure-building phase before gaining mainstream adoption. He noted that just as e-co...
Ripple's XRP has declined 9% this week, continuing a downtrend since last year due to low network activity and increased supply. The price broke below a key support range and retested it, signaling potential further decline if another low is made. Ho...
