Ripple minted $449.3 million worth of its stablecoin RLUSD on the XRP Ledger over a 30-day period. However, it burned $448.9 million of this amount during the same timeframe, effectively removing 99% of the newly issued tokens. This large-scale minting and burning activity highlights Ripple's control over RLUSD supply and its potential strategy to manage liquidity or market dynamics. Investors should watch for future moves that could impact the stablecoin's availability and value.
Franklin Templeton purchased $3.55 million worth of XRP despite the cryptocurrency's recent price instability and a broader market downturn. This move reflects sustained investor demand for XRP ETFs, even as overall market sentiment remains bearish. ...
Crypto Rover shared a long-term price outlook for several cryptocurrencies, setting XRP at $100 and Bitcoin at $1 million without specifying a timeline. Other targets include Ether at $50,000, BNB at $10,000, Chainlink at $2,000, and NEAR Protocol at...
Open interest and trading volume for ETH, SOL, and XRP options reveal a strong preference for call options ahead of the October 30 expiry, especially for XRP which shows the strongest call bias. ETH has a slight put bias in trading volume despite mor...
Analyst Dana Love's review of Evernorth's SEC filings reveals the company holds about 6.07 XRP per share, not the 15 XRP per share suggested by a popular tracker. This recalculation shows Evernorth shares trade at roughly 1.87 times the value of thei...
XRP price hovered near $1.32 on October 23, unable to recover from its October losses despite $3.55 million inflows into U.S. spot XRP ETFs and a record 8.24 million XRP Ledger wallets. Selling pressure persists as XRP lost about 18% in the past mont...
