The XRP Ledger saw a nearly tenfold increase in payment volume on June 1, with over 1.5 billion XRP transferred, marking one of the largest on-chain spikes this year. This surge was accompanied by a rise in transaction counts, exceeding 1.16 million daily transactions, indicating broad network activity rather than isolated large transfers. Despite this increased usage, XRP's price remains weak, trading below key moving averages and showing bearish momentum. The spike in network activity could support XRP in the future if sustained, but current price trends remain negative.
XRP traded near $1.26 on June 2, down over 3% in 24 hours and more than 9% in the past month, pressured by weak momentum and bearish technical indicators like RSI near oversold and a bearish MACD. Whale withdrawals from Binance hit their lowest since...
Ripple has expanded its USD-backed stablecoin RLUSD into Turkey through partnerships with local firms BiLira, Bitexen, and Bitlo. This move targets Turkey's rapidly growing crypto market, driven by inflation and currency volatility pushing demand for...
DonAlt, the trader known for accurately predicting XRP's 700% rally, cautions investors about the current Bitcoin market. He notes Bitcoin remains in a sideways range between $60,000 support and $82,300 resistance, with no major changes expected soon...
Bitcoin dropped over 3.8% to below $70,000, hitting multi-week lows after MicroStrategy sold 32 BTC worth $2.5 million to pay preferred stock dividends, marking its first public bitcoin sale since 2020. This sale, though small relative to MicroStrate...
Ripple has made its USD-backed stablecoin RLUSD available to Turkish institutions through partnerships with BiLira, Bitexen, and Bitlo. This move expands RLUSD's global reach, following its launch in late 2024 and rapid growth to a $1.7 billion marke...
