Ripple's stablecoin RLUSD saw a $14.4 million mint on the XRP Ledger, part of $39.4 million in mint-and-burn transactions across XRP Ledger and Ethereum. RLUSD's market cap rose to about $2.4 billion, with Ethereum holding a larger share of the supply. Ripple emphasizes RLUSD's regulatory backing and institutional use, with tokens backed 1:1 by cash and equivalents. These treasury moves reflect liquidity management rather than direct new demand, as minting and burning often balance out quickly.
Ripple Prime has introduced a new service allowing institutional clients to trade Real World Asset (RWA) swaps around the clock across more than 100 markets. This move leverages a partnership with Trade.xyz on Hyperliquid to offer continuous cross-ma...
XRP saw the largest drop in open interest among five major crypto assets, falling 33.47% to $271.8 million, with a negative funding rate and a majority of long positions. Bitcoin and Ether also experienced declines in open interest, though Ether had ...
US spot XRP ETFs saw a significant slowdown in new inflows, attracting only $740,400 on October 14, compared to millions daily in late September. Despite this, cumulative investments in XRP ETFs have reached about $1.8 billion since their launch in N...
Large XRP holders, or whales, have transferred nearly 1.6 billion XRP to Binance in the past 30 days, reaching a seven-month peak. This surge in deposits coincides with XRP's price falling below its 100-day and 200-day moving averages, currently trad...
A recent chart analysis suggests that XRP could approach $1.25, which is the lower boundary of its hourly parallel trading channel, before potentially rebounding. This level is seen as a possible buying area, though no specific rebound target or macr...
