XRP price has dropped to a crucial support level near $1.08 following a week of selling pressure despite Ripple's recent regulatory approval in Europe. The decline aligns with broader crypto market weakness, including Bitcoin's dip below $62,000 and cautious investor sentiment amid geopolitical tensions and Federal Reserve rate concerns. XRP is trading within a falling wedge pattern, which could signal a potential recovery if it breaks above resistance levels around $1.13 to $1.19. However, a break below $1.08 may lead to further losses toward $1.05 and $1.00. Market data shows a significant liquidation cluster near $1.14 that could trigger a relief rally if buyers step in, but ongoing macroeconomic and geopolitical risks may delay recovery.
Japan's SBI VC Trade launched Ripple's RLUSD stablecoin for retail users with strict transaction limits, marking the first registered electronic payment instrument of its kind in Japan. Alongside this, SBI introduced JPYSC, an unlimited yen stablecoi...
Ripple recently completed a milestone cross-border Treasury settlement with JPMorgan and Mastercard using its XRP Ledger, settling in under five seconds versus days on traditional rails. However, the transaction used RLUSD, Ripple's stablecoin, not X...
Ripple Prime CEO Mike Higgins revealed in a recent webinar that XRP and Ripple USD (RLUSD) are increasingly used as collateral by institutions seeking 24/7 capital mobility. He emphasized that the infrastructure to support this demand is already in p...
Security firm Halborn completed a re-audit of Ripple's XRP Ledger Lending Protocol, finding no critical or high-risk issues. The review focused on recent code changes related to fixed-term loans and Single Asset Vaults, confirming the protocol aligns...
The Trump administration is pushing for the CLARITY Act, a crypto market structure bill, to pass before Congress's August recess. The bill aims to clarify rules on token classifications and institutional participation, potentially boosting Bitcoin an...
