XRP's price fell below the key $1 support level for the first time since November 2024, triggering a 211% spike in its funding rates, a fee used to balance perpetual contracts with the underlying asset price. This surge coincided with a 7.6% increase in open interest to about $883.8 million, indicating growing bullish sentiment among derivatives traders who are increasing long positions. Despite an 8% price drop over the past month and significant liquidations of long trades, renewed demand in the spot market and bullish derivatives activity could lead to a price reversal. However, if the price continues to decline, a long squeeze may accelerate the fall further.
Large XRP holders, or whales, have increased their accumulation near the $1 price level, buying over 72 million tokens in 24 hours and more than 452 million in recent weeks. This buying activity is helping offset weakening institutional demand, as XR...
Ripple recently minted an additional $50 million of its RLUSD stablecoin on the Ethereum blockchain, pushing the total supply close to an internal record and nearly matching the amount on its native XRP Ledger. This shift highlights growing capital f...
XRP's price fell below $1 for the first time in over 600 days, despite record adoption metrics on the XRP Ledger. This break below a key psychological support level raises concerns about the token's short-term strength, especially as major institutio...
U.S. spot bitcoin ETFs experienced a significant outflow of $131.13 million on Thursday, led by major funds including ARK 21Shares and Fidelity. In contrast, Ether ETFs gained $6.72 million and XRP ETFs added $2.25 million, indicating growing investo...
XRP's price has declined amid uncertainty over the delayed Digital Asset Market Clarity Act, causing investor sentiment to weaken and trading volumes to drop. This has led some XRP holders to explore alternative strategies like UE Crypto's cloud mini...
