The XRP Ledger has seen a 150.2% increase in transactions per closed ledger, rising to about 176.33, indicating a significant rise in network activity. Other metrics also show growth: successful transactions rose 111.8% to 2.2 million, active users jumped 224% to roughly 483,600, and new accounts increased by 28%. Payment volume surged 140.8% to approximately 739.8 million XRP, alongside increased activity on the decentralized exchange. This growth in network usage accompanies a recent price surge of XRP to around $1.48, suggesting the price rise is supported by real network engagement rather than just speculative trading. Investors should watch if these usage metrics remain high after the price stabilizes to confirm sustained adoption.
Lawyer Bill Morgan criticized Ripple's XRP escrow practice, arguing that instead of returning unused monthly token releases to escrow, Ripple could have distributed them. Ripple set up 55 billion XRP in 55 contracts in December 2017, each holding 1 b...
Crypto commentator Zach Rector suggests that current complaints about XRP's price could be a contrarian indicator, meaning frustration might precede a price increase. XRP was noted at $1.25 as of Nov. 2 in a daily price table, but this is not a trade...
In the past 24 hours, Bitcoin (BTC) and Solana (SOL) experienced net inflows of $52.31 million and $34.23 million respectively, indicating increased investor interest. Meanwhile, Ethereum (ETH) saw the largest net outflow of $39.61 million, suggestin...
Dogecoin (DOGE) saw the largest 24-hour increase in futures open interest, rising 2.43% to $197.2 million, with a high funding rate of 0.0100% per eight hours, indicating strong long position dominance at 71.6%. In contrast, Bitcoin and Ether experie...
In October, the RLUSD stablecoin supply on the XRP Ledger sharply declined by $284 million, dropping about 28.7% to 707 million tokens. This reduction was due to large transactions returning RLUSD to its issuer, though the exact reasons remain unclea...
