RLUSD is driving new liquidity into the market, with its supply growing over 30% and market cap surpassing $2 billion, mainly on the XRP Ledger where it represents over 90% of stablecoins. This surge coincides with XRP's strong technical rally, including a 53% weekly price increase and a significant liquidation of leveraged longs. The increased RLUSD liquidity could help absorb selling pressure and support XRP's price, potentially allowing it to reclaim the $1.50 resistance level and strengthen against Ethereum. This suggests the recent XRP/ETH pullback may be a temporary reset rather than a trend reversal, making RLUSD's continued growth a key factor to watch.
Rich, host of Common Sense Crypto, considers XRP trading above $3.40 a conservative estimate given upcoming regulatory decisions, tokenization growth, and potential ETF demand. He challenges market cap limits on XRP's price, emphasizing its role in p...
Ripple is urging the XRP Ledger community to withdraw the long-standing XChainBridge (XLS-38) amendment, which was designed to enable cross-chain bridging on the network. The company cites a lack of developer demand and the fact that Axelar's network...
21Shares has changed the pricing benchmark for its U.S. XRP exchange-traded fund (ETF) TOXR from the CME CF XRP-Dollar Reference Rate to the FTSE XRP Index, effective August 27. This change affects only the pricing methodology and does not alter the ...
Despite record $1.566 billion inflows into XRP ETFs, XRP's price has pulled back, showing a supply-demand imbalance and cautious investor sentiment. Institutional interest remains, but price fluctuations are driven by ETF flows, whale accumulation, a...
As XRP's price surged to $1.5, AI agents on the XRP Ledger shifted their on-chain transactions towards Ripple's USD stablecoin, RLUSD, increasing its volume by 103% over seven days. This move helps AI systems hedge against XRP's price volatility, mai...
