Ripple executed two RLUSD burn transactions on April 30, removing about $120 million from the XRP Ledger, reducing RLUSD supply there to $253 million. This burn is the second-largest single-day reduction recorded and follows a recurring monthly pattern where large burns precede early-month minting. Most RLUSD supply now resides on Ethereum, holding 82.5%, while XRP Ledger holds 17.5%. This cycle of burning and minting continues to influence RLUSD's supply distribution and market position, with the next mint expected in early May.
The crypto market continued its decline with total capitalization dropping 1.5% to $2.53 trillion and Bitcoin falling nearly 3% to around $75,000. This selloff is driven by macroeconomic uncertainty, significant outflows from Bitcoin and Ethereum ETF...
XRP's short-term traders are experiencing significant losses, with a 30-day MVRV ratio showing an average 47% unrealized loss, indicating weak confidence and potential undervaluation. However, historical data suggests such negative readings can persi...
XRP price is trading within a tight range between $1.30 and $1.34, with repeated failed attempts to break above the key resistance near $1.36. Despite a failed breakout and increased market fear, sellers have not pushed the price below $1.30, suggest...
Bitcoin dropped to $75,498 during Asian trading, diverging from the global stock market's record highs. Major cryptocurrencies like XRP, Ethereum, and Solana fell nearly 1%, while Zcash saw a sharp 9% decline. Bitcoin is near its 50-day moving averag...
Last week, digital asset investment products experienced $1.47 billion in outflows, marking the third-largest weekly outflow of 2026 and signaling a negative trend for May. The United States led with $1.425 billion in withdrawals, while other countri...
