XRP's derivatives trading volume surged to $11.37 billion on August 22, the highest since February, coinciding with a 57% price rebound from about $0.90 in mid-August to $1.41 by September 7. This increase in futures activity and leverage, especially on Binance, reflects strong bullish sentiment ahead of the September 15 Senate vote on the CLARITY Act, which could impact XRP's regulatory status. However, the vote is only a procedural step, not a final decision, and the high leverage raises the risk of sharp price moves if the outcome disappoints. Large XRP withdrawals from exchanges also suggest reduced sell-side liquidity, adding complexity to the market dynamics.
Documents from financial institutions show XRP and Stellar Lumens (XLM) are categorized as specialized blockchain protocols designed for banks and institutional finance, unlike Bitcoin and Ethereum which serve broader public networks. These protocols...
The SEC and CFTC have jointly classified Bitcoin, Ether, Solana, Stellar, Tezos, and XRP as digital commodities, placing them under the Commodity Futures Trading Commission's regulatory oversight rather than the SEC's. This classification stems from ...
Ripple announced plans to move its customer payment volume onto the XRP Ledger (XRPL) by 2027 and to expand a pilot program using the ledger's decentralized exchange. At XRP Seoul 2026, Ripple's President Monica Long revealed a proposal to connect Ri...
Ripple announced plans to move customer payment volume onto the XRP Ledger (XRPL) in 2027, aiming to expand payment pilots and integrate lending pools funded by XRP. This would make XRP a source of income for businesses, beyond just transferring mone...
Market analyst Peter Brandt highlights a bullish "cup-and-handle" pattern forming in XRP's price chart, with the crucial $1.65 level acting as the breakout point. XRP is currently trading around $1.52, just above its 200-day moving average, and needs...
