XRP's price surged from $0.99 to $1.47 in a week, boosting its market cap by about $30 billion to nearly $92.85 billion. This rally was driven by the U.S. Treasury's plan to double buybacks of long-term government debt and a sharp reduction in bearish crypto positions, which liquidated $3.35 billion in crypto assets. Despite this rebound, XRP remains down 50% for the year and well below its 2018 peak. Analysts suggest XRP's next key test is holding above $1.65 weekly; failure could see it retreat to $0.85-$1.05 as a bottom zone.
Cryptocurrency prices are fluctuating with Bitcoin trading around $77,566, up by 0.98%. Ethereum and Binance Coin also saw modest gains, while some altcoins like Morpho and MNT experienced significant increases of over 10%. This mixed performance ref...
XRP is trading around $1.49, up 2.15% in the last 24 hours, with spot XRP ETFs seeing $13.24 million in net inflows on August 21, marking the third consecutive day of gains. Total XRP ETF holdings are close to $1.2 billion, indicating sustained inves...
US-listed crypto ETFs excluding Bitcoin and Ethereum attracted nearly $90 million last week, driven by strong inflows into XRP and Solana funds. XRP funds led with $39.78 million, marking their best week since May and extending a six-week streak of g...
XRP's market value jumped nearly $30 billion in a week amid a crypto rally, rising 47% to $1.47. OpenAI's ChatGPT predicts XRP will likely remain below $2 in the near term, estimating a fair value between $1.40 and $1.70. The AI highlights that conti...
Claims that XRP could be used with the Federal Reserve's FedNow payment system through Volante Technologies have sparked excitement in the XRP community. Volante connects financial institutions to multiple payment rails including FedNow and has a lon...
