David Schwartz, Ripple's CTO emeritus, explained that the XRP Ledger's value flow is driven by its low transaction fees and reliable operation. XRP captures some of this value due to its unique role as the only counterparty-free asset on the ledger and its necessity for paying transaction fees. Schwartz highlighted features like auto-bridging as ways XRP secures value, reinforcing the importance of XRP demand to the ledger's financial success. This insight underscores XRP's integral function within the XRP Ledger ecosystem.
XRP's market cap stands at Rp1.444,14 trillion as of Oct 24, 2026, 23:51 WIB, reflecting its significant presence on Pluang. The token's 24-hour trading volume is Rp30,91 trillion, with a 1-day price change of -2.87%. Despite the recent price dip, XRP maintains a circulating supply of 63.1 billion tokens, about 64% of the total 100 billion XRP. On Pluang, sell orders dominate at 77%, with typical holders keeping XRP for around 72 days.
Ripple is set to unlock 1 billion XRP tokens on November 1, which could increase selling pressure and cause XRP's price to decline. Historically, Ripple re-escrows most unlocked tokens, limiting the net supply entering the market, but some tokens rem...
Bitcoin fell to its lowest level in over a month, slipping below $80,000, as the U.S. rapidly evacuated personnel from Middle Eastern embassies and military bases due to heightened threats of Iranian attacks. Intelligence reports indicate Iran is adv...
On October 23, XRP recorded the highest funding rate among five major crypto perpetual futures markets at 0.0100% every eight hours, or 10.9% annualized, with a mark price of $1.29. Despite this, open interest declined by 3.33% to $401.6 million, ref...
Franklin Templeton issued about $150 million in tokenized money market fund shares on the XRP Ledger, nearly quadrupling its presence on the network within 48 hours. Despite this institutional adoption, XRP's price fell about 3% to $1.28, reflecting ...
David Schwartz, Ripple's former CTO, stated that the XRP Ledger (XRPL) is unlikely to achieve major success in financial applications as long as its native asset, XRP, lacks strong demand and value. He explained that XRP is essential for operating th...
