Ripple has over 300 institutional partners, but about 60% use only its messaging and payment software without involving the XRP token. Only around 40% use On-Demand Liquidity (ODL), which requires XRP, and even then, banks rarely hold XRP directly as licensed exchanges handle token transactions. This explains why XRP's price remains near $1 despite Ripple's corporate success. For XRP's price to rise, the share of ODL users and transaction volumes must grow, alongside demand from ETFs and regulatory clarity.
XRP's open interest in derivatives has recovered sharply after a late-August drop, reaching around $244 million on Binance by September 6. However, aggressive selling continues in both perpetual futures and spot markets, indicated by a negative cumul...
The XRP Ledger is close to activating the BatchV1_1 amendment, a significant upgrade that allows developers to bundle up to eight transactions into one. This feature, pending approval by over 80% of validators for two weeks, will simplify app develop...
On September 6, Ripple shifted 1,363,614.85 RLUSD (about $1.36 million) from the XRP Ledger to Ethereum by burning the tokens on XRPL and minting the same amount on Ethereum seconds later. This cross-chain supply transfer rebalanced liquidity without...
The XRP Ledger has surpassed 8 million funded accounts, lowering the XRP amount needed to rank in the top 10% of holders to around 3,333 XRP. This shift is due to the growing number of wallets, many holding small amounts, which dilutes the threshold ...
Ripple CEO Brad Garlinghouse highlighted the Dutch central bank's recent transfer of 86 tonnes of gold to illustrate how traditional financial systems rely heavily on physical location and custody, causing delays. He argued that cryptocurrencies offe...
