Nasdaq's new XRP-tied product is being hailed as a quiet but rather major milestone for XRP's institutional journey.
XRP price continued consolidating near a key breakout zone this week after forming several bullish reversal patterns on the weekly chart, while improving regulatory sentiment and tightening exchange supply strengthened the bullish outlook. According to data from crypto.
XRP became the most traded asset on South Korea's Upbit exchange in the last seven days, pulling in $110 million in 24-hour volume and outpacing both top cryptos Bitcoin and Ethereum. The surge came alongside the biggest inflows into US XRP exchange-traded funds in four months, even as Bitcoin and Ethereum funds saw money flowing out.
Ripple CTO Emeritus David Schwartz explains how XRP Ledger blocks corporate control through its Negative UNL system.
XRP open interest returns to baseline as leverage cools, while XRP price holds steady in a tightening range.
XRP, serving as the "North Star" in Ripple's ecosystem, is now one step away from breaking through the psychological $1.50 threshold. The main driver behind the impulse is an unprecedented reduction in freely available market supply.
XRP whales show no signs of backing off, holding their largest positions since 2018 as the $1.50 level comes into sharper focus.
For years, the US regulatory uncertainty weighed on the crypto market. This time, Washington may have just sent the signal that investors were waiting for.
XRP has been trading above $1.40 in recent days, with buyers still trying to push on momentum after the pullback from the May 10 high. The cryptocurrency's price has not broken down, but it has also failed to confirm a stronger upside continuation.
David Schwartz explained how XRPL's Negative UNL helps the network handle validator outages without silencing smaller participants.
XRP price climbed 2.48% on May 15 to trade at $1.46, and bullish momentum is building ahead of a major catalyst scheduled for June 8, 2026. The Chicago Mercantile Exchange (CME) is set to include XRP in its Nasdaq CME Crypto Index futures product, a move that could significantly increase institutional exposure and boost investor demand.
With open interest back near baseline, is XRP entering a decisive turning point?