XRP has seen a significant drop in open interest (OI) from over $1 billion in May to around $773.5 million, indicating reduced trader activity and lower demand. Binance's XRP reserves also fell, suggesting less selling pressure but no strong buying interest. Whale activity remains low, reducing the risk of large sell-offs, but the elevated NVT ratio and declining market cap around $10.89 billion show network activity and demand are still weak. For XRP to recover, it needs stabilized OI, renewed capital inflows, and increased on-chain activity, as current conditions suggest limited support and no clear bullish reversal yet.
XRP surged past the $1.10 resistance level, gaining 1.8% to reach $1.1065 on increased trading volume, signaling renewed retail interest as futures open interest rose to 2.14 billion XRP. Despite this, institutional investors remain cautious, with sp...
Tom Zschach, former Chief Innovation Officer at SWIFT, has firmly denied rumors that SWIFT plans to integrate or support the Ripple-linked cryptocurrency XRP. The speculation arose from claims that SWIFT would collaborate with public tokens like XRP ...
XRP surged past its recent resistance at $1.10 on a late-session volume spike, reaching $1.1065 and maintaining gains near session highs instead of falling back. This breakout, supported by increased trading volume, suggests $1.10 is now a key suppor...
The Japanese yen surged sharply due to fears of Bank of Japan intervention and rising wholesale inflation, causing Bitcoin and other major cryptocurrencies to underperform in yen terms compared to their USD trading pairs. The yen jumped to 161.55 per...
XRP transactions managed by autonomous systems have surged by 77% in the past day, indicating increased activity in the XRP network. Meanwhile, the transaction volume for Ripple's USD stablecoin (RLUSD) has fallen by 32%, showing a decline in its usa...
