XRP's price climbed back above $1.13 amid a significant decline in large whale deposits to Binance, the world's largest crypto exchange. Daily whale inflows fell drastically from 583 million XRP to about 25.3 million XRP, and the 90-day average value of these inflows dropped from roughly $460 million to $69 million. Binance's 30-day whale inflows also hit a two-month low, down 34.4% from late June's peak. This reduction in large transfers suggests less XRP is available for immediate trading on Binance, supporting the recent price recovery. However, analysts caution that this metric alone doesn't fully reflect broader market activity, as other factors like price, volume, and derivatives data also influence market dynamics.
XRP's price rose over 50% in the past week, reaching $1.51, outperforming Bitcoin's 23.6% gain. However, in Germany, XRP gains are tax-free only if held for more than one year. Most investors with real gains bought XRP less than a year ago, meaning t...
XRP experienced a strong price surge to around $1.70 before pulling back to about $1.49, supported by increased trading volume. The rally pushed XRP above major moving averages, notably clearing the long-term resistance at $1.35, which is now a criti...
XRP's circulating supply increased by 5.5% year-over-year due to escrow releases, causing dilution that fee burns cannot offset, according to 21Shares. Meanwhile, revenue from the XRP Ledger (XRPL) fell sharply by 81.6% to $1.18 million in the first ...
XRP has seen a major rally in South Korea, capturing 32.20% of Upbit's trading volume during a period when the exchange processed about $830 million in just one hour. Upbit's 24-hour turnover reached approximately $3.81 billion, with Bithumb also rep...
Ripple CEO Brad Garlinghouse announced that U.S. cryptocurrency regulation is approaching a decisive moment following recent meetings at the White House and the Commodity Futures Trading Commission (CFTC). These discussions brought together crypto le...
