Ripple transferred 1.36 million RLUSD from the XRP Ledger to Ethereum, increasing Ethereum's RLUSD supply lead to about $350 million. Ethereum now holds roughly 57.3% of the total RLUSD supply, valued at $1.38 billion, compared to $1.03 billion on XRPL. This shift reflects a supply rebalance rather than new RLUSD creation and highlights Ethereum's advantage due to its deeper DeFi liquidity and broader blockchain support. Ripple continues to issue RLUSD on multiple blockchains, maintaining XRPL activity while leveraging Ethereum's mature financial ecosystem for additional liquidity.
An analyst surveyed 64 exchanges and 171 trading pairs, finding about 225 million XRP visibly offered for sale up to $5, despite roughly 22 billion XRP held in exchange wallets. The study highlights that many tokens in wallets are not actively for sa...
Large XRP holders have stopped long-term token withdrawals for the first time in five years amid a price correction from $1.70 to around $1.30. Withdrawal volumes from Binance hit a five-year low, dropping to $49.7 million daily compared to $3.5 bill...
David Schwartz, Ripple's original developer, highlighted the growing potential of decentralized finance (DeFi) as it moves toward mainstream adoption, predicting a multi-trillion dollar market opportunity. He emphasized the importance of accessibilit...
XRP has seen an increase in short positions, which some analysts believe could set the stage for a price recovery rather than further losses. However, a critical price level of $1.34 must be reclaimed to confirm a bullish reversal. Without this, the ...
On October 20, XRP was trading around $1.30, showing a slight decline of 0.73% over the previous 24 hours. Technical indicators presented mixed signals: the price was below its 20-day and 50-day moving averages but just above the 200-day average. Ove...
