XRP closed at $1.00 on August 12, marking its lowest daily close since November 2024 and a 69% drop from its January 2025 peak near $3.30. Despite the price decline, active addresses increased by about 35% in August, indicating more transactions by existing holders, while new user growth remained flat. Selling pressure intensified as the Exchange Supply Ratio hit a six-week high, suggesting more tokens are moving to exchanges. XRP’s price may stay near $1 until buying interest returns, even as institutional use of XRP continues to grow.
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...
XRP whales have purchased an additional 72 million coins at the $1 price level, increasing their total holdings to 12.18 billion XRP. This buying activity is offsetting the decline in institutional interest, as XRP ETFs' net assets fell below $1 bill...
A forthcoming SEC proposal could change the regulatory landscape for cryptocurrencies like XRP, Hedera's HBAR, and Stellar's XLM by introducing a formal process for crypto projects to seek non-security status. This would broaden the group of tokens w...
XRP price fell below $1 twice this week, but on-chain data shows a surge in withdrawals from exchanges, especially Binance, reaching the highest levels since 2019. Large XRP holders, or whales, have increased their holdings to over 12 billion tokens ...
