Advertisement     Rising open interest in XRP has crypto watchers optimistic that the crypto’s protracted downtrend is nearing its end. XRP’s open interest recently jumped to over $1 billion, leading to speculations over whether a huge price jump is the next probable move. Notably, the skyrocketing OI comes amid rising expectations for Ripple’s…
Advertisement     Bitwise Asset Management, a prominent crypto index fund manager, has officially filed for a spot XRP exchange-traded fund (ETF) with the Delaware Department of State. According to reliable sources, Bitwise Chief Investment Officer Matthew Hougan confirmed the filing, stating, “We can confirm this is a registration by us. It is a…
Advertisement     XRP closed another week up 8%, overcoming previous stubborn resistance at $0.60. It is currently up 12% for the month and it’s on track to closing its strongest quarterly return since Q1, 2023 — which was approximately just over a year ago. However, it is worth noting that the United States…
Advertisement     Ripple’s Chief Technology Officer David Schwartz has affirmed holding XRP, asserting that he would push its price higher if it were possible. The confirmation came as part of a wider discussion within the XRP community, with Schwartz once again refuting claims of deliberately suppressing the price of the cross-border payments token….
Advertisement     XRP has continued to puzzle investors with its prolonged consolidation streak despite other cryptocurrencies posting sizeable gains since January. Notably, despite Ripple’s recent courtroom victories against the U.S. Securities and Exchange Commission (SEC) and major technological milestones, the crypto asset has yet to show any price improvement, leaving many to question…
Advertisement     In a notable development for the XRP community, Ripple has officially requested “a pause” on paying the $125 million settlement to the U.S. Securities and Exchange Commission (SEC) as directed by a court on August 7, 2024. This comes even as the legal battle with the agency continues to unfold. On Wednesday,…
Advertisement     Ripple CEO Bradley Garlinghouse has revealed that the fintech company’s U.S.-dollar pegged stablecoin, Ripple USD (RLUSD), is closer than ever to being launched as it eyes a share of the fast-growing stablecoin market. During a Sept. 4 fireside chat at the ongoing Korea Blockchain Week in Seoul, South Korea, Garlinghouse said…
Advertisement     Metaplanet, a major Japanese-headquartered prolific Bitcoin (BTC) investor now recognized as a MicroStrategy imitator,” is collaborating with Ripple’s banking partner, the financial conglomerate SBI. The strategic partnership is aimed at supporting Metaplanet’s ongoing efforts to expand its Bitcoin corporate treasury. Metaplanet — known as “Japan’s MicroStrategy” on Crypto Twitter — has…
Advertisement     XRP continued to show strength over the weekend, following a robust resurgence in the broader cryptocurrency market over the past week. Notably, the seventh-largest cryptocurrency by market capitalization has surged approximately 10%, with its market cap expanding by 9.4% to $34 billion over the past week. This bullish momentum has sparked…
Advertisement     A recent global research and accounting firm Ernst & Young (EY) report reveals that 20% of institutional investors are now holding XRP, showcasing the growing interest in this digital asset among large-scale investors. The report “How Institutional Investors Plan to Approach Digital Assets in 2024” illuminates institutional players’ shifting trends and strategies in…