XRP surged 51% this week to $1.50, marking its best weekly gain since November 2024. The rally was sparked by the US Treasury's plan to repurchase $4 billion in long-term bonds, easing fears of rising bond yields and boosting risk assets like crypto. Additionally, nearly $2 billion in short positions on XRP were liquidated, accelerating the price rise. Large holders have set sell orders between $1.48 and $2.00, which may act as resistance, while Binance holds 2.62 billion XRP in exchange wallets, indicating potential selling pressure ahead.
XRP surged about 56% from $1.00 to $1.70 in five days due to a combination of factors: the U.S. Treasury doubling bond buybacks which lowered yields and boosted risk assets, a White House crypto summit promoting the CLARITY Act to classify XRP as a c...
XRP's price rose over 50% in the past week, reaching $1.51, outperforming Bitcoin's 23.6% gain. However, in Germany, XRP gains are tax-free only if held for more than one year. Most investors with real gains bought XRP less than a year ago, meaning t...
XRP experienced a strong price surge to around $1.70 before pulling back to about $1.49, supported by increased trading volume. The rally pushed XRP above major moving averages, notably clearing the long-term resistance at $1.35, which is now a criti...
XRP's circulating supply increased by 5.5% year-over-year due to escrow releases, causing dilution that fee burns cannot offset, according to 21Shares. Meanwhile, revenue from the XRP Ledger (XRPL) fell sharply by 81.6% to $1.18 million in the first ...
XRP has seen a major rally in South Korea, capturing 32.20% of Upbit's trading volume during a period when the exchange processed about $830 million in just one hour. Upbit's 24-hour turnover reached approximately $3.81 billion, with Bithumb also rep...
