Ripple recently completed a milestone cross-border Treasury settlement with JPMorgan and Mastercard using its XRP Ledger, settling in under five seconds versus days on traditional rails. However, the transaction used RLUSD, Ripple's stablecoin, not XRP, as the cash leg, so XRP token price barely moved. Ripple the company and XRP the token are distinct assets; Ripple's institutional deals benefit the company and infrastructure more than the token itself. XRP remains range-bound due to steady supply from escrow releases and demand that has yet to convert into sustained token buying. Future price gains depend on increased token demand from settlement volume, ETF inflows, and regulatory clarity like the CLARITY Act.
XRP has dropped below the key $1.07 support level, signaling a potential deeper correction as bearish momentum intensifies. Technical indicators show XRP trading inside a descending channel with resistance near $1.115 and support levels possibly fall...
SBI Group, a major Japanese financial firm partnered with Ripple, announced its acquisition of crypto exchange Bitbank for 46.7 billion yen ($300 million). This deal will push SBI's assets under management to over 1 trillion yen, making it one of Jap...
The XRP Ledger has overtaken Ethereum for the first time in Ripple USD stablecoin supply, reaching $801.8 million compared to Ethereum's $795.6 million. This shift, called the "flippening," was driven by stable demand on XRP Ledger and token burns on...
XRP's price declined about 2% despite Ripple securing regulatory approval for its stablecoin RLUSD in Japan, a key market for expansion. The drop was influenced by the shutdown of Strobe Finance, a DeFi lending platform on the XRP Ledger, which raise...
Japan's Financial Services Agency has approved Ripple's RLUSD stablecoin as an electronic payment instrument, allowing trading on SBI VC Trade's platform for both retail and institutional investors. This marks a significant regulatory milestone in Ja...
