XRP's price jumped 56% in one week to $1.48, driven by large whale accumulation of 380 million tokens, $13.24 million in ETF inflows, and the SEC-CFTC joint classification of XRP as a digital commodity, which removed legal barriers for institutional investors. Seven US spot XRP ETFs now hold $1.44 billion, though this is only 1.9% of XRP's market cap, indicating room for growth compared to Bitcoin's ETF market. Ripple's upcoming Swell conference and potential CLARITY Act vote in September could further boost XRP's institutional adoption and price. However, risks remain from token supply overhang and leveraged positions.
David Schwartz, Ripple's CTO emeritus, suggested that XRP could serve as a bridge connecting various Bitcoin representations on the XRP Ledger (XRPL). This means that wrapped or bridged Bitcoin tokens on XRPL might depend on XRP to transfer value bet...
Mastercard is partnering with XRPL Commons for the XRPL AI & Fintech Hackathon in New York, a 36-hour event with over $40,000 in prizes across four innovation tracks. Separately, Mastercard announced plans to support settlement using regulated stable...
XRP/USD pulled back to $1.2735 from near $1.65, with technical analysis showing a wave 2 decline on Elliott Wave count. The Relative Strength Index (RSI) hit 31.76, indicating the token is near oversold territory but showing a bullish divergence wher...
At the XRPL Commons Hackathon in New York, Mastercard representatives reportedly praised Ripple's RLUSD stablecoin during a partner pitch session, according to an attendee's account. The event, held on October 24–25, featured Mastercard as a partner ...
Twelve large XRP wallets have started distributing their holdings, causing a 50 million token influx on exchanges that threatens the price support established since August. This coordinated sell-off by whales reduces the number of wallets holding 10 ...
