The XRP Ledger's latest update, version 3.3.0, introduces a proposed 'Confidential Transfers' feature allowing institutions to encrypt token balances and transfer amounts for certain tokenized assets while keeping accounts and token types visible. This upgrade targets the growing market of tokenized real-world assets on XRPL, which currently holds about $1.38 billion, including $530 million outside the largest issuer RLUSD. The feature aims to enhance privacy for institutional users by hiding transaction amounts but still verifying their validity cryptographically. The amendment and five other institutional-focused changes require at least 80% validator support for two weeks before activation, with adoption by major issuers like Aviva and Ondo yet to be seen.
A recent chart analysis of XRP indicates it is in a phase called manipulation, following an initial expansion phase. This pattern resembles an earlier rally phase, which some traders interpret as a bullish sign. However, this is a technical reading a...
The Binance Scarcity Index for XRP has reached its highest level since 2022, indicating fewer XRP tokens are available for trading on the exchange. On November 4, Binance experienced a significant withdrawal of 418.5 million XRP tokens, marking its l...
On November 4, Binance recorded an outflow of 418.5 million XRP tokens, the largest single-day withdrawal in about nine months, valued at approximately $540 million. This outflow surpassed a previous large withdrawal of 315 million XRP on October 29....
The XRP Ledger's native lending system proposal has reached 60% validator approval, with 21 out of 35 validators supporting it. This upgrade, known as XLS-66, would enable fixed-term loans on-chain using pooled digital assets, expanding XRPL's use be...
XRP is experiencing a sharp increase in short positions, rising over 650%, as its price falls below key support levels toward $1. Despite this bearish momentum, on-chain data shows significant whale accumulation and a reduction in XRP supply on excha...
