XRP holds near $1 despite XRPL stablecoin supply rising 195% and XRP investment products attracting $253.6 million during Q2.
XRP's Q2 performance exposed a growing gap between fundamentals and price action.
XRP experienced a decline below the crucial $1 threshold on Tuesday, with prices settling near $0.9942. The asset ranked among the poorest performers in the major cryptocurrency space across both 24-hour and seven-day timeframes.
Ripple Prime secures $275M in institutional funding as its BBB-rated prime brokerage expands multi-asset clearing, financing, and digital markets.
Ripple's partnership with Jeonbuk Bank will give regional businesses access to near-real-time cross-border settlement. The service targets international transfers that can take days to complete and provide limited visibility through traditional banking channels. Jeonbuk Bank Targets Faster Business Remittances Ripple announced Aug.
Ripple issued $449.3 million in RLUSD on the XRP Ledger over 30 days, but burned $448.9 million in the same period. The 99% burn rate reflects high-turnover institutional use: tokens are minted for settlements and redeemed almost immediately. RLUSD's total circulating supply reaches $1.757 billion, distributed nearly equally between XRPL and Ethereum.
David Schwartz says he now holds about 2 million XRP, down from a peak of roughly 26 million. The Ripple CTO emeritus did not explain whether the reduction came entirely from sales, leaving room for transfers, gifts or other transactions.
The quickly-growing Wall Street embracement of XRP got market watchers peeling their eyes on price appreciation.
Ripple's latest Korea deal adds to XRPL's growing adoption, but can stronger network activity translate into an XRP Q3 breakout?
Block is letting a third party sell the tokens it has never listed, and Cash App balances can now fund outside wallets including MetaMask and Ledger.
Rising diesel costs exacerbate inflation, strain logistics, and agriculture, and could influence political landscapes and future food prices. Soaring diesel prices ripple across the US economy as fuel costs nearly double since January.
Ripple-promoted XRP may be gearing up for a major move against Bitcoin (BTC) and Ether (ETH). Analyst Dark Defender says the XRP-ETH pair could be putting the finishing touches on its Wave 4 correction, potentially setting the stage for a powerful Wave 5 move that could thrust XRP into the crypto spotlight.