Tag: xrp
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Crypto Exodus Hits Record $6.4B, but XRP Shines Amid Market Turmoil
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The crypto market witnessed a significant downturn last week, with outflows from exchange-traded products (ETPs) reaching an all-time high of $6.4 billion. Despite the widespread sell-off, XRP investment products defied the trend, recording fresh inflows and pushing total assets under management (AuM) to a new peak. US Leads the Crypto Sell-Off According to a recent…
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XRP Faces Potential Drop as Bulls Defend Key Support at $2.00
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XRP’s price recovery from its recent low of $1.94 has provided some relief to investors, but the cryptocurrency remains under pressure as it struggles to break key resistance levels. Despite its recent rally, XRP risks further declines unless bulls manage to hold the critical $2.00 support level. XRP’s Key Levels in Focus XRP has been…
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Ripple CTO Defends XRP Sales, Investors Concerned
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Ripple’s CTO, David Schwartz, has defended the company’s right to sell XRP in its own interest, stirring fresh concerns among investors. His remarks follow criticism that Ripple’s ongoing XRP sales could negatively impact holders of the token. Ripple’s Stance on XRP Sales Schwartz, responding to Riot Platforms’ Pierre Rochard, reinforced that Ripple has no obligation…
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Crypto Market Plummets as Trump’s Tariffs Trigger Global Sell-Off
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The cryptocurrency market took a severe hit, shedding $300 billion in value after Donald Trump’s new tariffs on China, Mexico, and Canada spooked investors. Bitcoin (BTC) tumbled nearly 10%, while major altcoins like Ethereum (ETH), Solana (SOL), and XRP saw double-digit losses. The sharp downturn erased gains from Monday’s rally, which was fueled by optimism…
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Trump’s U.S. Crypto Reserve Snubs Bitcoin and Ethereum
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Former U.S. President Donald Trump has announced the inclusion of XRP, Solana (SOL), and Cardano (ADA) in a proposed U.S. strategic crypto reserve. The move, revealed on his social media platform Truth Social, aims to establish the United States as a global crypto leader. Bitcoin and Ethereum Left Out In a surprising twist, Bitcoin (BTC)…
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XRP Price Surges 7% Amid Market Recovery and Ledger Upgrade Proposal
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XRP has witnessed a strong price rebound, surging 7% on 26 February as the broader cryptocurrency market shows signs of recovery. This comes amid Ripple’s proposal for a significant upgrade to the XRP Ledger (XRPL), which could enhance its functionality and attract more investors. XRP Gains Amid Market Volatility The price of XRP has recovered…
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Brad Garlinghouse advocates for a U.S. cryptocurrency reserve that encompasses more than just Bitcoin.
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Brad Garlinghouse, the CEO of Ripple, recently shared his thoughts on the U.S. government’s plan to create a national digital asset reserve. He believes the reserve should include Bitcoin and other cryptocurrencies like Ripple’s XRP. This idea goes against the opinion of Bitcoin supporters who think Bitcoin should be the only coin in the reserve. US…
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XRP Price Faces Uncertainty Amid Bearish Signals
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XRP Bulls Aim to Reclaim Key Support Level XRP’s price has experienced a significant decline from its recent high of $2.83 on 15 February, breaking below key support levels and raising concerns among traders about further downturns. The altcoin has now lost the crucial 50-day simple moving average (SMA) for the second time in two…
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XRP Surges as ETF Approval Odds Hit 80%
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XRP has seen a strong bullish rally, gaining for four consecutive days and reaching a monthly high of $2.78. This marks a 50% increase from February’s lows as investor confidence grows in a potential spot XRP ETF approval. ETF Hopes Drive Market Optimism The Polymarket prediction market, which has recorded $37,000 in volume, now places…
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XRP Struggles at $2.5: Will ETF Approval Trigger a Breakout?
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XRP has been unable to break past the $2.5 resistance level for over a week. Despite gaining momentum in early February, the cryptocurrency saw a sharp drop from $3 to $2.1 on February 3, following a broader market crash. Since then, XRP has struggled to regain strength, with a brief spike to $2.7 on February…