XRP is gaining renewed attention as retail traders increase their activity, reducing the dominance of whale transfers on major exchanges. The XRP 30-day Whale vs. Retail Spread has fallen to 89.3%, the lowest in 2024, though whales still control about 94.6% of Binance outflows. Ripple's CTO Emeritus, David Schwartz, dismissed theories of internal price manipulation or token burns driving long-term gains. XRP is currently trading near $1.39, with technical indicators suggesting a cautious recovery, and a move above $1.40-$1.45 is key for further gains.
On June 15, U.S.-listed spot altcoin ETFs saw focused inflows primarily into Hyperliquid, XRP, and Solana products, indicating concentrated investor interest rather than broad market participation. Hyperliquid ETFs led with $17.19 million in net infl...
Ripple has reportedly purchased a stake in African fintech Flutterwave, valuing the company at $3.3 billion, a modest increase from its previous $3 billion valuation. This strategic investment aligns with Ripple's focus on cross-border payments, leve...
Over the past six months, XRP holders with at least 1 million tokens have accumulated about 1.53 billion XRP, increasing their share of the circulating supply to 74.1%. This accumulation occurred even as XRP's price fell from above $3 to near $1.20, ...
The Bank of Japan raised interest rates to 1%, the highest level since 1995, marking a significant shift from its ultra-easy monetary policy. This move could strengthen the Japanese Yen and increase borrowing costs, potentially causing a 20-30% decli...
The XRP Ledger has officially removed the Ripple brand from its core code, renaming the main program from "ripple daemon" to "xrpl daemon" to emphasize its independence from the Ripple company. This change aims to clarify the network's decentralized ...
