Upbit recorded about $830 million in one-hour volume as XRP and TRUMP drove a sharp rebound in South Korean crypto trading.
XRP flips Belarus' GDP as its market cap nears $94B, while open interest surges to $3.56B and whale accumulation fuels fresh bullish momentum.
The price of Zcash (ZEC) has exceeded $814 for the first time in eight years, fully recovering from its June decline to $250 caused by a vulnerability in the Orchard pool. The coin's surge and increase in market capitalization to $13.74 billion were driven by the upcoming listing of the first spot Zcash fund, the Zcash ETF, prompting the community to discuss whether Zcash could eventually "flip" XRP by market capitalization.
Activity on the XRP Ledger is rapidly increasing, and one of the biggest increases is seen in a metric that is directly related to the level of network usage. The number of transactions per closed ledger has increased by 150.2%, to about 176.33.
KBRA's BBB rating gives Ripple Prime investment-grade access, but expected parent support and mostly escrowed XRP remain central to the credit case.
Ripple CEO Brad Garlinghouse believes the United States is closer than ever to establishing clear rules for crypto, according to his latest social media post.
XRP's bullish setup faces a critical reality check.
XRP recorded a strong week across both spot and exchange-traded fund markets as renewed investor demand fueled a sharp price rally and pushed XRP ETF inflows to their highest weekly level since May. According to data from SosoValue, XRP ETFs attracted $39.78 million in net inflows during the week, with fresh capital entering the funds on nearly every trading day.
The last week has proven extremely strong for XRP as the asset regained momentum across both its spot and ETF markets, following its recent price rally.
XRP jumps 40 percent in a week to $1.40, its highest level since May. Open interest, funding and the long-short ratio show how much fuel the rally has left and which levels count over the weekend.
Asset manager 21Shares noted that the XRP ecosystem has undergone four significant structural changes not seen at this scale a year ago.
XRP has recovered from its recent volatility, posting one of the biggest price breakouts seen this year as market sentiment suddenly flips bullish.