Ripple urges the SEC to treat XRP like Bitcoin and Ethereum, proposing new rules for stablecoins and capital requirements.
The XRP Ledger activated its latest network upgrade on Tuesday, introducing a series of backend infrastructure fixes focused on NFTs, lending protocols, tokenized vaults, and permissioned financial applications, even as XRP price action remained largely muted.
According to data from Santiment, a staggering 34.94 million XRP was withdrawn from centralized trading platforms in a single 24-hour period.
Ripple has submitted a follow-up letter to the SEC Crypto Task Force, urging that XRP and other non-securities be treated on par with Bitcoin and Ethereum, and that stablecoins be recognized as eligible collateral.
XRP continues to struggle beneath $1.65 after four months of rejection, pressure is building for a decisive move.
The XRP Ledger (XRPL) received a new update on May 27, aimed at improving the network's long-term stability and efficiency. Dubbed fixCleanup3_1_3, the amendment introduced a number of technical fixes across non-fungible tokens (NFTs), vault mechanics, permissioned domains, and lending functionality.
After a slowdown earlier this month, daily payment transactions on the XRP Ledger are surpassing the psychologically significant 1 million mark. For XRP, which has been trapped in a long phase of consolidation while larger cryptocurrency markets try to regain momentum, the on-chain activity recovery comes at a crucial time.
Evernorth says legacy banking rails lag modern tech as its XRP treasury strategy, Nasdaq plan and XRPL use keep institutions focused in 2026
Charles Hoskinson weighs in on XRP's edge over Ethereum, Tether and Circle.
XRP's latest decline is exposing a widening split between traders betting on more weakness and investors using the selloff to build exposure. Over the past few weeks, the digital asset has faced sustained downward pressure driven by capitulating short-term holders and aggressive short selling in futures markets.
XRP traders deep in negative returns as 6-year low opens historic entry window.
XRP traders are nursing steep losses, but history suggests a negative MVRV reading alone may not be enough to mark a bottom.