Ripple CEO Brad Garlinghouse revealed that Ripple's ecosystem now handles about $16 trillion in annual financial flows, highlighting a major opportunity for XRP in institutional payments. Despite cryptocurrencies currently representing a negligible share of this volume, Ripple is expanding its blockchain infrastructure with tokenization, DeFi, AI, and improved governance to meet banking needs. The company is also deploying stablecoins and treasury services, partnering with platforms like Bitso, and engaging in regulated derivatives markets to strengthen XRP's role in traditional finance. This positions Ripple to modernize cross-border payments and accelerate blockchain adoption among financial institutions.
Ripple aims to tap into the $155 trillion global cross-border payments market, distinct from the $685 billion consumer remittance market targeted by its RLUSD stablecoin. Recent developments include South Korea’s Jeonbuk Bank replacing SWIFT with Rip...
A large XRP holder moved 580 million tokens worth about $900 million off exchanges in seven transactions, reducing XRP available for trading. This contributed to $6.76 million in net outflows and a 2.48% drop in XRP's exchange reserves by dollar valu...
XRP reached a session high of $1.56 after surpassing $1.50, a key level in its recent trading range. The token has struggled to hold above $1.60 in past attempts, making the $1.60-$1.65 range the next major resistance. For XRP to reach $2, it would n...
U.S. spot XRP ETFs now hold nearly 1.18 billion XRP, about 1.18% of the total fixed supply, with Bitwise leading at 413.1 million XRP. This accumulation is significant as Ripple's escrow is set to release up to 1 billion XRP on October 1, an amount c...
After the U.S. Senate narrowly blocked the Digital Asset Market Clarity Act, the SEC and CFTC are independently pushing forward with new crypto regulations to fill the legal gap. The SEC is proposing flexible registration exemptions for crypto startu...
