Spot XRP exchange-traded funds (ETFs) recorded their strongest week in over three months, with net inflows reaching a record $1.55 billion amid a sharp XRP price recovery. The funds attracted nearly $40 million last week, driven by strong demand late in the week. This surge coincided with XRP's price rising about 70% in under 72 hours to $1.70, its highest level in seven months, supported by a broader altcoin market rally. Institutional interest remains strong, with major ETF providers like Bitwise, Canary Capital, and Franklin Templeton holding most of the capital. The key resistance level to watch is $1.65-$1.70, which if broken, could signal further gains for XRP.
Lawyer Bill Morgan criticized Ripple's XRP escrow practice, arguing that instead of returning unused monthly token releases to escrow, Ripple could have distributed them. Ripple set up 55 billion XRP in 55 contracts in December 2017, each holding 1 b...
Crypto commentator Zach Rector suggests that current complaints about XRP's price could be a contrarian indicator, meaning frustration might precede a price increase. XRP was noted at $1.25 as of Nov. 2 in a daily price table, but this is not a trade...
In the past 24 hours, Bitcoin (BTC) and Solana (SOL) experienced net inflows of $52.31 million and $34.23 million respectively, indicating increased investor interest. Meanwhile, Ethereum (ETH) saw the largest net outflow of $39.61 million, suggestin...
Dogecoin (DOGE) saw the largest 24-hour increase in futures open interest, rising 2.43% to $197.2 million, with a high funding rate of 0.0100% per eight hours, indicating strong long position dominance at 71.6%. In contrast, Bitcoin and Ether experie...
In October, the RLUSD stablecoin supply on the XRP Ledger sharply declined by $284 million, dropping about 28.7% to 707 million tokens. This reduction was due to large transactions returning RLUSD to its issuer, though the exact reasons remain unclea...
