XRP fell below $1, marking it the weakest major token recently, even as Ripple secured a new partnership with South Korea's Jeonbuk Bank for near real-time cross-border payments. The deal highlights Ripple's expansion in institutional adoption but does not clarify if XRP or Ripple's RLUSD stablecoin will be used for transfers. Ripple's focus on RLUSD as the main settlement asset may explain why XRP's price hasn't risen despite growing partnerships. Meanwhile, traders remain optimistic with heavy long futures positions, despite negative social sentiment around XRP.
Ripple issued 110.57 million RLUSD stablecoins on the XRP Ledger just before Binance resumed XRP and RLUSD withdrawals following its $6.3 billion hack. RLUSD's market cap is about $2.56 billion, with a third of tokens on XRP Ledger and the rest mostl...
The XRP Ledger's price oracle now includes market data for Ripple's RLUSD and the euro-based EUROP stablecoins, alongside major cryptocurrencies like XRP, Bitcoin, and Ethereum. This expansion supports blockchain financial applications and Ripple's g...
XRP price held around $1.25 on November 3, showing stability despite a 16.5% drop over the past month and subdued institutional demand, with U.S. spot XRP ETFs seeing net outflows. Network activity grew, with nearly 8,000 new wallets created, possibl...
Following the Binance hack that saw $6.36 billion stolen, including 233 million XRP tokens, XRP investors responded by creating nearly 8,000 new wallets in 24 hours, more than doubling the usual daily average. This surge reflects a shift toward self-...
Options data from Coinbase Markets on Nov. 1 indicates that XRP and Solana have the highest implied volatility among four major crypto assets, each at 8.7% for the period through Nov. 8. This figure estimates potential price movement in either direct...
