XRP, the native token of the XRP Ledger (XRPL) network, has seen its reserve supply on Binance plunge to a 5-month low.
XRP whales – wallets holding at least 1 million tokens – have been on a buying spree over the past seven days, despite a renewed XRP sell-off from United States spot ETFs (exchange-traded funds) issuers.
XRP (CRYPTO: XRP) remains one of the most popular cryptocurrencies in the world, but one thing has always held it back from the heights of Bitcoin or Ethereum-its price. XRP has never reached $4, and it has only traded above $3 in two periods, hitting $3.84 in the 2018 mania and $3.65 last July. Ripple has... Will XRP (Ripple) Hit $2 Again in 2026?
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| SE Sima Elimelech Activest Wealth Management | 6 | $90.18 | $74.46 | -$15.72 | -17.43% |
| NS Nicholas Shaheen FSA Advisors Inc. | 11,216 | $168,576 | $139,414.88 | -$29,161.12 | -17.3% |
Clint Dunn Beaird Harris Wealth Management LLC | 9,868 | $190,177.48 | $122,363.2 | -$67,814.28 | -35.66% |
Brian Dechow SWAN Capital LLC | 1,283 | $26,327 | $15,980.28 | -$10,346.72 | -39.3% |
Jae Cho Marex Group plc | 286,021 | $4.3M | $3.54M | -$757,956.02 | -17.63% |
| ARCA Exchange | US Country |
The fund is managed in a passive manner, providing exposure to XRP through an ETF structure. Holdings within this fund are priced according to the CME CF XRP Dollar Reference Rate New York Variant. This benchmark index price for XRP is USD-denominated and calculated daily at 4:00 PM Eastern Time (ET). The reference rate is established by aggregating executed trade flows from significant XRP trading platforms.
Furthermore, an Indicative Trust Value (ITV) based on the CME XRP Real-Time Price is published every 15 seconds per share during regular exchange hours, from 9:30 AM to 4:00 PM ET. XRP is designed to facilitate payment for goods and services and can be converted into fiat currencies. Its main purpose, however, is to provide transactional utility rather than serving as a store of value. The XRP Ledger and XRP technology seek to enhance transaction speeds while simultaneously decreasing costs and delays compared to traditional interbank payment methods.
This Exchange Traded Fund provides investors with passive exposure to XRP, allowing them to invest in the cryptocurrency without directly holding it. The ETF tracks the price of XRP through a well-defined index, which makes it accessible to a broader range of investors.
This is the USD-denominated benchmark price for XRP, calculated based on trading data aggregated from key XRP trading platforms. This reference rate ensures that the ETF holdings reflect a reliable valuation of XRP.
The ITV provides real-time pricing information for the ETF, updating every 15 seconds during trading hours. This feature enables investors to monitor the value of their shares closely and make informed trading decisions.
XRP serves primarily as a means of transactional utility, facilitating the exchange of value and improving the efficiency of transactions. It is designed to enable quicker payments with lower fees compared to traditional banking methods.
Leveraging the XRP Ledger, the service aims to streamline interbank transactions by reducing delays and costs. This capability positions XRP as a vital tool for financial institutions looking to enhance their payment networks.