DriveWealth's Ripple partnership uses RLUSD for settlement, but its structure does not show that the deal creates meaningful XRP demand.
Both rates annualized to 10.9%. Dogecoin had the largest 24-hour open-interest increase, while Bitcoin had the largest total.
The market-cycle outlook also put Ether at $11,000 and Cardano's ADA token at $5.
XRP remains below its 2017-cycle high while bitcoin, ether and other major tokens have surged, enriching their holders.
Evernorth, with holdings of 473 million XRP, is now the largest publicly traded XRP treasury company. Spot XRP ETFs currently hold 1.2 billion XRP, more than twice the amount held by Evernorth.
Could XRP be nearing a turning point? Ali Martinez has flagged buy signals, but the token may still revisit $1.25 before recovering.
Large XRP holders have transferred 1.669 billion XRP to Binance over the past 30 days, pushing the exchange's whale inflow metric to its highest level in seven months, according to Cryptoquant contributor Arab Chain. The activity comes as XRP trades near $1.33 following a difficult October. Meanwhile, publicly attributed exchange wallets hold approximately 22.
XRP crossed above the descending channel's upper trendline at $1.3870 in August 2026; the line now sits near $1.1917.
XRP stands at $1.3385 on Thursday evening after falling as low as $1.2827 in the morning. Ripple is opening perpetual swap trading on more than 100 reference assets, but the collateral posted there is the stablecoin RLUSD.
The readings appeared after a decline from around $1.50, but they do not confirm a market bottom.
Virtu is trading Ripple Prime's new RWA perpetual swaps, which reference 100+ markets in stocks, metals, energy and FX and run 24/7, weekends included.
XRP remained down 0.58% over 24 hours. Liquidations across Binance, Bybit and OKX totaled $500,000 during the hour.