A proposed upgrade to the XRP Ledger, known as XLS-68, would allow businesses to cover XRP transaction fees and reserves for users, removing the need for new users to buy XRP to open accounts. This could reduce retail demand for XRP but transfer the reserve requirement to sponsoring businesses, potentially increasing locked XRP at scale. The upgrade is not yet active and requires strong validator support before implementation. The change may ease business adoption of XRP Ledger services while shifting demand dynamics rather than reducing overall XRP usage.
Crypto analyst Ali Martinez set an immediate target of $1.55 for XRP, just above the current resistance level of $1.45 during its rebound from $1.30. He noted that a sustained close above $1.56 could open the way for XRP to reach $2. Martinez also hi...
XRP, a popular digital asset, was priced at $1.32 as of early Friday morning, showing a slight decrease of 0.65% over the previous 24 hours. This minor drop indicates a small market fluctuation but no major trend change. Investors should watch for fu...
On October 21, XRP's 100-day moving average crossed above its 200-day average, a technical event often seen as a bullish signal. However, this crossover is mainly due to a base effect from shifting price data, not fresh buying demand, as XRP's price ...
The XRP Ledger's total stablecoin market cap fell 13.19% over the past week to about $999.9 million, mainly due to a 14.39% drop in Ripple's RLUSD stablecoin, which holds over 90% of XRPL's stablecoin value. Ripple burned $50.6 million RLUSD on XRPL ...
Crypto researcher SMQKE highlighted that XRP's long-term value depends on broader network adoption by banks, payment providers, and applications, which can increase its usefulness. The analysis references Metcalfe’s Law, suggesting network value grow...
