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.
XRP's futures market is experiencing intense activity with both bulls and bears facing significant liquidations around the $1.43 to $1.60 price range. Binance traders are heavily leveraged, leading to over $13 million in liquidations in 24 hours, spl...
Rich, host of Common Sense Crypto, considers XRP trading above $3.40 a conservative estimate given upcoming regulatory decisions, tokenization growth, and potential ETF demand. He challenges market cap limits on XRP's price, emphasizing its role in p...
Ripple is urging the XRP Ledger community to withdraw the long-standing XChainBridge (XLS-38) amendment, which was designed to enable cross-chain bridging on the network. The company cites a lack of developer demand and the fact that Axelar's network...
21Shares has changed the pricing benchmark for its U.S. XRP exchange-traded fund (ETF) TOXR from the CME CF XRP-Dollar Reference Rate to the FTSE XRP Index, effective August 27. This change affects only the pricing methodology and does not alter the ...
Despite record $1.566 billion inflows into XRP ETFs, XRP's price has pulled back, showing a supply-demand imbalance and cautious investor sentiment. Institutional interest remains, but price fluctuations are driven by ETF flows, whale accumulation, a...
