XRP has seen a dramatic increase in on-chain activity, with active addresses soaring by 654.71% from 47,180 to 356,070, coinciding with a 71% price jump to $1.699 in just three days. This surge outperforms major cryptocurrencies like Bitcoin and Ethereum and is largely driven by the US Treasury's announcement of a $4 billion long-term bond buyback, which injected liquidity and reduced short positions. Additionally, the crypto options market on Coinbase signals high expected volatility for XRP, anticipating a ±13.1% price swing by August 30. This combination of increased network participation and market anticipation suggests a potential shift in momentum for XRP, though risks of a sharp correction remain due to concentrated open interest near current price levels.
XRP's futures market is experiencing intense activity with both bulls and bears facing significant liquidations around the $1.43 to $1.60 price range. Binance traders are heavily leveraged, leading to over $13 million in liquidations in 24 hours, spl...
Rich, host of Common Sense Crypto, considers XRP trading above $3.40 a conservative estimate given upcoming regulatory decisions, tokenization growth, and potential ETF demand. He challenges market cap limits on XRP's price, emphasizing its role in p...
Ripple is urging the XRP Ledger community to withdraw the long-standing XChainBridge (XLS-38) amendment, which was designed to enable cross-chain bridging on the network. The company cites a lack of developer demand and the fact that Axelar's network...
21Shares has changed the pricing benchmark for its U.S. XRP exchange-traded fund (ETF) TOXR from the CME CF XRP-Dollar Reference Rate to the FTSE XRP Index, effective August 27. This change affects only the pricing methodology and does not alter the ...
Despite record $1.566 billion inflows into XRP ETFs, XRP's price has pulled back, showing a supply-demand imbalance and cautious investor sentiment. Institutional interest remains, but price fluctuations are driven by ETF flows, whale accumulation, a...
