Ripple minted 10 million RLUSD stablecoins on the XRP Ledger, increasing the stablecoin supply to about $1.53 billion, down from $1.7 billion in June. This issuance does not necessarily mean $10 million entered the market immediately, as RLUSD is managed by institutional customers for treasury and settlement purposes. Meanwhile, large XRP holders accumulated over 380 million tokens in a week, showing strong conviction near the $1 price level, though this has not yet triggered a price breakout. The key factors to watch are whether RLUSD supply grows further and if whale accumulation leads to sustained XRP demand and price gains.
XRP whale accumulation increased by 380 million tokens in one week, raising large-holder totals to 8.13 billion XRP. The price is currently near $1, with resistance at $1.06; a breakout above this level could target $1.35 and $1.64. Analyst Ali Marti...
The International Monetary Fund (IMF) has emphasized that tokenization could fundamentally change financial markets by enabling assets and payments to operate on shared digital infrastructure. The XRP Ledger (XRPL) is noted for its suitability in thi...
Ripple minted $10 million in RLUSD stablecoins on the XRP Ledger, signaling a strategic focus on B2B corporate payments rather than mass retail markets. Meanwhile, XRP whales have been actively moving and accumulating over 380 million XRP, defending ...
XRP Ledger transactions fell sharply by about 44% from 2.81 million on August 5 to 1.57 million on August 9, indicating a slowdown in network activity as XRP trades near $1. This decline follows a brief surge in transactions and coincides with XRP's ...
XRP fell about 5% last week to around $1.03, underperforming as Bitcoin, Ethereum, and Solana gained 1-4%. The overall crypto market cap grew 1.4% to $2.19 trillion. XRP ETF inflows plunged 93% to $1 million, reflecting investor caution amid postpone...
