XRP is experiencing its biggest weekly gain since late 2024, rising between 30% and 67% after the US Treasury announced it would double its long-term bond buyback program from $2 billion to $4 billion per operation starting September 9. This move has pushed bond prices up and yields down, easing market concerns and encouraging risk asset investments, including cryptocurrencies. The resulting liquidity boost triggered a massive short squeeze, liquidating over $3 billion in crypto shorts and lifting Bitcoin above $68,000. Institutional interest in XRP is also growing, with whales and ETFs accumulating tokens ahead of the recurring buyback program, suggesting sustained positive momentum for the crypto market.
XRP has seen an increase in short positions, which some analysts believe could set the stage for a price recovery rather than further losses. However, a critical price level of $1.34 must be reclaimed to confirm a bullish reversal. Without this, the ...
On October 20, XRP was trading around $1.30, showing a slight decline of 0.73% over the previous 24 hours. Technical indicators presented mixed signals: the price was below its 20-day and 50-day moving averages but just above the 200-day average. Ove...
XRP whale transfer volume on Binance fell 44% from the previous week, even as the exchange saw an average of 9.3 million XRP in daily net inflows. The number of tokens transferred also declined by 37%. Despite these drops, daily inflows peaked at 22 ...
XRP exchange deposits surged to 6.05 billion tokens in 30 days ending October 19, the highest in seven months, with Binance receiving 2.46 billion XRP. Despite this, whale withdrawals from Binance fell to a five-year low, signaling less large-holder ...
On October 20, WLD led Korea's crypto attention index with a score of 93.3 and a domestic trading volume of 96.85 billion won, far exceeding its global trading share by 25.1 times. Other notable assets with strong domestic activity included ONDO, RLU...
