Ripple's dollar-pegged stablecoin RLUSD has reached a supply of $2.44 billion less than two years after its launch, with over $1 billion circulating on the XRP Ledger. This growth reflects Ripple's strategy to use RLUSD as a settlement tool for payments, lending, and tokenized assets, rather than just a trading token. The stablecoin aims to attract institutional treasury flows, especially with Ripple's recent acquisition of GTreasury, which manages $13 trillion annually. While the supply milestone is significant, actual usage in lending and payments will be the key indicator of RLUSD's adoption as regulatory clarity evolves, particularly in the U.S. and Europe.
XRP's price is breaking out of a descending triangle pattern, with a potential rally target of $1.60 if it sustains above $1.38. This breakout is supported by increased bullish activity, including a rise in leveraged trading volume and positive signa...
The upcoming US Senate vote on the CLARITY Act, which aims to clarify regulatory authority over cryptocurrencies, threatens a $9.46 million short squeeze in XRP if the price rises just 5% to $1.4644. Currently trading around $1.40, XRP is near a tech...
XRP is maintaining its key support level around $1.30 following a strong rally in August, indicating the recent price correction has not turned bearish. The cryptocurrency is trading near $1.38, with buyers defending the $1.30-$1.35 zone and preventi...
Bitcoin climbed nearly 2% to over $78,000 as the broader cryptocurrency market advanced, defying losses in technology stocks and rising oil prices. Ether and XRP also saw notable gains, while traditional markets like Nasdaq futures and gold declined....
The XRP Ledger processed a record 3,254 transactions in a single block, marking a new high as XRP's price rose nearly 4%. Most transactions were small XRP payments, likely part of a throughput test, according to XRPL validator Vet. Unlike Bitcoin's f...
