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.
XRP traded sideways with a 13.68% gain in the past 24 hours, reaching $1.28 after a recent liquidity boost. Despite a drop in social media sentiment to an eight-month low, analysts see potential for a bullish breakout, citing historical rebounds duri...
Bitcoin jumped above $66,000, with Ethereum, XRP, and Dogecoin also rising up to 13% following a U.S.-Iran peace agreement that increased investor risk appetite. Despite significant trader liquidations totaling over $600 million in 24 hours, spot Bit...
XRP's price increased by 11%, but some traders argue even $1 is too high due to its large supply and Ripple's escrow sales. Criticism focuses on XRP's pre-mined structure and ongoing selling pressure from Ripple unlocking tokens monthly. Meanwhile, R...
Ripple's stablecoin RLUSD has reached a new milestone by becoming the ninth largest stablecoin worldwide, surpassing $1.64 billion in market capitalization. This growth comes amid a bullish shift in the crypto market, with RLUSD's trading volume surg...
XRP rose nearly 10% to trade above $1.24, driven by strong buying momentum that forced $7 million in liquidations, mostly from short sellers. The rally reflects renewed confidence in Ripple's expanding ecosystem and improving global market conditions...
