Leveraged ETFs now manage more than $256 billion in the US, giving Ripple a large market for swap financing.
Fees and reserves require XRP, while larger demand depends on routing choices and the balances held in liquidity or credit products.
The XRP Ledger's BatchV1_1 amendment remains in its activation window and is expected to enable around October 9 if validator support stays above the required threshold. The upgrade allows multiple transactions to be bundled into an atomic group, replacing an earlier Batch version that was halted after a critical bug was found.
XRP remained down 2.61% over 24 hours despite the short-term gain, with a market capitalization of about $86.76677 billion.
Paxos expands XRP's institutional access, but adoption will depend on partner demand.
An Oct. 7 snapshot counts 21.98 billion XRP in exchange custody, while executable supply depends on sell orders and price tolerance.
XRP was down 4.74% over 24 hours at 2:38 p.m. ET on Oct. 8, despite the sharp hourly move.
The International Monetary Fund just released their latest stability report, a vibe check including XRP & XLM.
The XRP Ledger unlocks account delegation this evening at 23:25 German time, a date read from the ledger itself. The fix meant to close a known gap in it sits two votes short of a majority.
The activity gap between XRP whales and retail traders on centralized platforms shrank from 64% recorded on September 30 to 46.7% on October 8. The contraction represented a loss of 17.3 percentage points in eight days, equivalent to a relative decline of 27%.
Bitcoin traded near $80,000 Thursday afternoon ET as Brent crude rose above $104 a barrel and the 10-year Treasury yield reached 5.35%.
XRP is still eyeing a structural recovery toward its mid-term target of $1.80, but not before it retests the 200-day exponential moving average (EMA) and key supports between $1.26 and $1.38 in the near term.