XRP's burn rate, which reflects the amount of XRP destroyed as transaction fees, fell nearly 35% in 24 hours, signaling reduced network activity. This decline comes as XRP's price struggles to recover fully, currently trading around $1.34 after dipping below $1.2 earlier in the week. The drop in burn rate suggests waning demand despite mild price gains, indicating cautious investor sentiment. Analysts see mixed signals but suggest XRP could prepare for a stronger price recovery if momentum improves.
Bitcoin ETFs experienced a tenth consecutive day of outflows, losing $125.3 million, led by Blackrock's IBIT fund. Ether ETFs also extended their outflow streak to 14 days, with a net outflow of $17.9 million despite some funds like Fidelity's FETH a...
XRP's stablecoin liquidity on the XRPL surged to a record $750 million in Q2, with RLUSD accounting for 93% of this liquidity and growing rapidly. This growth is driving increased on-chain activity and expanding DeFi market presence. Despite a 27% pr...
XRP's price rose 2.8% to $1.34 with over $2.15 billion in trading volume, showing early signs of a market reversal. A declining Binance Exchange Supply Ratio indicates investors are moving XRP off exchanges, reducing immediate selling pressure. Addit...
SBI Remit has processed over $15 billion in international money transfers, leveraging Ripple's XRP-powered blockchain technology to enable faster, cheaper cross-border payments. This milestone highlights the growing real-world use of digital assets i...
XRP's recent price recovery is driven by the liquidation of most major leveraged long positions accumulated in May, which has cleaned the market structure and removed downside liquidity traps. Technical indicators like MACD and RSI are turning bullis...
