XRP price is steady around $1.04 following a nearly 90% drop in XRP Ledger payment volume from a brief surge of 614.9 million XRP on August 7. This sharp volume spike was likely due to a one-time institutional transfer rather than sustained demand. The $1 level is a key short-term support, with resistance near $1.08 to $1.10 and potential downside to $0.95 if broken. Longer-term forecasts suggest a possible recovery to $2.50, but XRP must first reclaim key moving averages and reverse its current downward trend. Ripple's expansion into custody, stablecoins, and tokenization supports institutional demand but broader market factors will influence price movements.
A proposed XRP Ledger upgrade aims to increase the transaction memo field size from 1 KB to 1.3 MB, allowing users to embed large media files like images, music, and videos directly on the blockchain. Matt Hamilton, former Ripple developer relations ...
Large XRP holders have quietly amassed over 380 million tokens amid a new buy signal from the Tom DeMark Sequential indicator, suggesting a possible bullish reversal. XRP is trading near a key resistance level of $1.06, with on-chain data showing nea...
Lawyer Bill Morgan suggests XRP already meets the criteria to be classified as a digital commodity under the proposed CLARITY Act, which requires no single entity to own 20% or more of the token and includes governance conditions. More than half of X...
Bitcoin's price fell marginally by 0.26% to around $64,800, while Ethereum edged up 0.09% to about $1,917, reflecting a cautious market mood. Crypto derivatives volume plunged over 51%, signaling reduced leverage and fewer short-term bets, while stab...
XRP Ledger's payment volume fell sharply by about 90% following an unusual spike to over 600 million XRP on August 7. This drop reflects a return to normal activity levels rather than a structural decline in network usage. XRP's price remains under p...
