The XRP Ledger recorded a 26% increase in payment volume, moving nearly 463 million XRP worth over $620 million at current prices. However, this surge contrasts with a 22.4% drop in active users and only slight growth in new accounts, suggesting the increase may be due to larger or concentrated transactions rather than broad adoption. XRP's price has softened from its August peak near $1.70 to around $1.34, indicating waning momentum and a market correction despite growing transaction activity. Investors should be cautious as the network shows strong payment flow but weaker user engagement and price stability.
XRP's transaction volume on the XRP Ledger surged nearly 6,000% to about $50 billion, coinciding with the price holding firm at the $1.25 support level. Analyst Ali Martinez suggests this spike in on-chain activity indicates the market may have found...
Ripple's partnership with DriveWealth plans to use Ripple USD (RLUSD) for settlement on the XRP Ledger in Europe and later in the U.S., focusing on stablecoin settlement, cross-border payments, and digital asset custody. However, the effect on XRP de...
Ripple CTO Emeritus David Schwartz discussed a future where AI agents could manage people's personal finances, expanding beyond the XRP Ledger's current role of automating payments for digital services. While no new Ripple product or launch date was ...
Between October 4 and 17, XRP futures open interest on Binance decreased by $85.1 million, a 15.8% drop. This decline followed a significant wave of long liquidations, indicating a reduction in bullish bets on XRP futures. The drop in open interest m...
David Schwartz, Ripple's Emeritus developer, predicts a multi-trillion dollar opportunity as decentralized finance (DeFi) becomes mainstream. He highlights the growing tokenization market and easing regulatory barriers, encouraging developers to buil...
