Ripple is expanding its presence in Turkey's nearly $200 billion annual crypto market by partnering with Garanti BBVA and local exchanges to offer regulated custody services and dollar-backed stablecoins like RLUSD. This move addresses demand for secure, dollar-pegged digital assets as Turkish consumers and institutions seek protection against lira depreciation and inflation. Turkey's evolving regulations now require licensed custodians to meet strict operational and anti-money laundering standards, which Ripple claims to fulfill. The company’s strategy highlights growing institutional adoption alongside retail interest in digital assets within the country.
XRP, Ripple's token, trades at Rp26.980 on Pluang with a 1-day decline of 1.23% as of Oct 06, 2026 08:32 WIB. The market cap stands at Rp1.703,94 trillion, showing significant investor interest despite recent price pressure. Pluang users show a balanced order activity with 54% buying and 46% selling, holding XRP typically for 71 days, reflecting steady engagement amid Ripple's expansion in Turkey's crypto market.
Ripple is promoting Türkiye as a significant growth market in crypto, citing nearly $200 billion in annual crypto transaction value under the country's regulatory framework. Ripple's dollar-backed stablecoin, RLUSD, became available to institutions i...
Veteran trader Peter Brandt highlighted a possible bullish cup-and-handle pattern forming on XRP's daily chart, suggesting a potential breakout above the $1.6572 resistance level. Currently trading around $1.5230, XRP would need to rise about 8.8% to...
David Schwartz, Ripple's CTO emeritus, criticized the use of fee revenue as a performance metric for blockchains, arguing it overlooks the cost burden on users who pay transaction fees. This came in response to a suggestion on social media to increas...
The XRP Ledger has progressed toward launching its Smart Escrow feature by releasing the ninth Devnet update. This update includes a major backend shift from C++ to Rust for the WebAssembly virtual machine, boosting performance by 30-50%. Smart Escro...
Documents from financial institutions show XRP and Stellar Lumens (XLM) are categorized as specialized blockchain protocols designed for banks and institutional finance, unlike Bitcoin and Ethereum which serve broader public networks. These protocols...
