XRP briefly overtook Bitcoin in trading volume on South Korea's largest crypto exchanges, Upbit and Bithumb, with a 273% surge reaching about $1.84 billion in daily trades. This spike reflects strong retail interest, possibly fueled by investors shifting funds from semiconductor stocks to XRP. The surge coincides with institutional developments involving Ripple and Korean banks, suggesting growing financial sector engagement. Observers caution that sustained volume and price premiums will be key to confirming long-term adoption beyond this short-term spike.
XRP's price increased by 2.11% within one hour to $1.52, partially recovering from a 24-hour decline. This rise was driven by $370,000 worth of short position liquidations on exchanges like Binance, Bybit, and OKX, while no long positions were liquid...
Veteran trader Peter Brandt highlighted the XRP chart's interesting price compression patterns that historically led to strong rallies, sparking renewed interest in the token. However, he clarified that he has not bought XRP nor set a new price targe...
Wintermute, a market maker, has taken a heavily short-biased position on the Hyperliquid trading platform, holding about $93 million in short positions versus $5.12 million in longs. The largest short is on Ether (ETH) valued at $47.19 million, with ...
XRP faced $11.99 million in liquidations over 24 hours during a wider crypto market downturn on Sept. 28, with long positions accounting for $10.88 million and shorts $1.11 million. This created a roughly 980% imbalance favoring long liquidations. XR...
Ripple aims to tap into the $155 trillion global cross-border payments market, distinct from the $685 billion consumer remittance market targeted by its RLUSD stablecoin. Recent developments include South Korea’s Jeonbuk Bank replacing SWIFT with Rip...
