A new update might help XRP's network and price action in the long term.

Data shared by the Ripple Stablecoin Tracker account on the X social media network (@RL_Tracker) has shared that over the past 12 hours, San Francisco-based blockchain behemoth has minted almost 10,000,000 Ripple USD stablecoins (RLUSD).

Receipts Depositary Corp. (RDC), a startup founded by former Citigroup executives, plans to launch XRP-backed securities, according to CoinDesk. The move will allow institutions to access XRP through U.S.-regulated market infrastructure.

Crypto pundit Investments CEO has provided a bullish case for the Dogecoin price, XRP, and Solana amid this market downtrend. He revealed his price targets for these cryptos, with each target marking a new all-time high (ATH) for them.

As XRP experiences sustained short-term losses, whale investment trends indicate confidence in the token as it seeks to reclaim the $3 resistance.

Ripple is about to give qualified investors a new way to get their hands on XRP without ever logging into a crypto exchange. According to Fox Business journalist Eleanor Terrett, the company plans to launch XRP depository receipts (DRs) through Receipts Depositary Corporation (RDC) and Digital Wealth Partners (DWP).

Canary Capital CEO Steven McClurg said his firm has no plans to offer a Dogecoin ETF, despite expectations of potential approvals this year.

XRP trading volume on Coinbase has skyrocketed, increasing by a staggering 9,640% in just 24 hours. According to CoinGlass data, XRP trading volume on the exchange increased to $438 million as traders capitalized on recent price movements.

XRP Ledger (XRPL) is set to introduce a groundbreaking feature that will bring lightweight identity verification to the network.

A crypto strategist known for making timely Bitcoin (BTC) and altcoin calls believes XRP will soon print new all-time highs if one key condition is met. Pseudonymous analyst DonAlt tells his 646,600 followers on the social media platform X that XRP may soar past $3.

On Feb. 8, 2025, XRP traded at $2.41, boasting a $139 billion valuation, $7 billion in daily trade volume, and an intraday fluctuation between $2.35 and $2.53. XRP The hourly view reveals XRP oscillating between $2.30 and $2.40, crafting a series of ascending troughs that foreshadow a breakout. A hurdle at $2.

XRP, Ripple Labs' native token, is garnering massive attention from crypto enthusiasts and is poised for a significant upside rally following the formation of bullish price action. In addition to this bullish outlook, today, February 8, 2025, a prominent crypto expert posted on X (formerly Twitter) that XRP appears poised for a rebound.

Ripple price remains in a deep bear market as the softness in the crypto industry continued this week. Ripple (XRP) has dropped by 30% from its January high, erasing most of the gains made earlier this year.

John Deaton, XRP holders' lawyer in the legal battle between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), has called out Bill Hinman, the agency's former Director of the Division of Corporation Finance. The callout hinges on how he has continued to gaslight the XRP ruling that states that the retail trading of the coin on secondary platforms is not a security.

Major asset managers are now vying to introduce the first spot XRP exchange-traded funds (ETFs) in the U.S. in the wake of Bitcoin and Ether's approvals in 2024.

XRP Depository Receipts (DRs) will soon launch, allowing accredited investors to access XRP through regulated financial products. Anchorage Digital will custody XRP DRs, ensuring compliance under the U.S. Office of the Comptroller of the Currency (OCC).

The difference is actually quite smaller between the two now, compared to December, 2024.

XRP has faced a sharp decline, tumbling 26% in just four days and landing at a critical support level of $2.17. The sudden drop has left traders questioning whether this is a temporary correction or the start of a deeper downtrend.

XRP has faced increasing selling pressure as bearish market conditions have pushed the altcoin to a monthly low. Investors looking for a recovery may be disappointed, as the altcoin remains vulnerable to further declines.

The talk about Ripple's (XRP) to be involved in the U.S. digital reserve is getting everyone excited! Pro-XRP lawyer Fred Rispoli made an interesting statement about the inclusion of XRP. He outlined the target for XRP to reach if it needs to qualify for the race of US reserve.

There are enough reasons to assume that institutional interest in the XRP market is growing exponentially. Some research activities of Receipts Depository Corp in the XRP market indicate that the company, which already provides Bitcoin and Ethereum-backed securities, is keen to explore the potential of the third-largest cryptocurrency by market cap as well.

This week, the crypto market recorded several important developments, from US trade policies and token listings to blockchain and regulatory advancements. The highlights display how the global cryptocurrency ecosystem continues to advance.

John Deaton accuses Bill Hinman of favoring Ethereum due to conflicts of interest and ties to Ethereum-related entities during his SEC tenure.

XRP price rallies amid ETF buzz, but SEC appeal uncertainty remains a key risk. What's next for XRP?

The cryptocurrency market is currently experiencing heightened volatility, with many top tokens losing crucial support levels. XRP, one of the largest altcoins by market capitalization, has not been spared from this bearish trend.

XRP price has recorded some recovery and stayed in the green today amid a flurry of positive developments in the market. Notably, the ongoing discussions over the crypto being added to the US national reserve asset list have intensified with recent reports of Ripple CEO joining Trump's Crypto Council board.

XRP depository receipts will soon be available for purchase by accredited investors, according to Fox Business.

On Thursday, the Chicago-based Cboe Exchange filed four separate 19b-4 applications with the US Securities and Exchange Commission (SEC), seeking approval to list and trade spot XRP exchange-traded funds (ETFs) proposed by WisdomTree, Bitwise, 21Shares, and Canary.

Ripple CEO Brad Garlinghouse was in the spotlight this week, with recent reports indicating that he is likely to be appointed to Donald Trump's crypto advisory board. However, as the reports sparked discussions on social media platforms, many have questioned his future role in Ripple, if he accepts the crypto advisor invitation.

XRP depository receipts (DRs) will soon be available for purchase by accredited investors through Receipts Depositary and DWP Advisors, according to reports from Fox Business. This new financial product offers a regulated way for investors to gain exposure to XRP without purchasing the cryptocurrency directly from exchanges.

XRP appears to be currently trapped in a range-bound market, as the price moves between key support and resistance zones. At press time, XRP is trying to break above the $2.40 level and is up by more than one percent.

The push for crypto exchange-traded funds (ETFs) continues to gain ground as the Chicago Board Options Exchange (Cboe) filed a 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list and trade XRP ETFs from several major asset managers. This development follows the SEC's acknowledgment of Grayscale's filings for Solana (SOL) and Litecoin (LTC) ETFs, marking an important step in the broader acceptance of digital asset investment products.

Ripple's XRP has had a rough start to February, losing over 23% in the past seven days and slipping below $2.40. Just last week, XRP was trading above $3, but a sudden market downturn has pushed prices lower, raising concerns among traders.

Top U.S. lawmakers have pledged to pass crypto legislation, marking an unprecedented shift toward regulatory clarity. Ripple calls it “100% a big deal” amid industry optimism. Ripple Says ‘100% a Big Deal'—Congress Makes Historic Move for Crypto Clarity U.S.

The digital asset industry is transforming global financial services, with institutional crypto custody emerging as a high-growth sector. According to Ripple's latest insights, the custody services market is projected to grow from $41 billion in 2023 to over $100 billion by 2033.

The competition to discoverd the first XRP Exchange-Traded Fund (ETF) in the U.S. has intensified as the Cboe BZX Exchange officially submitted 19b-4 filings to the Securities and Exchange Commission (SEC). The move, made on behalf of asset managers Bitwise, Canary Capital, 21Shares, and WisdomTree, represents a major step toward securing regulatory approval for XRP-based ETFs.

As its price continues to struggle due to waning momentum, Shiba Inu is on the verge of a significant bearish signal. The asset has been steadily declining in value for a few weeks, and a death cross is about to form, which could signal a more serious decline.

The crypto token XRP (XRP 2.62%) fell this week, dropping 21.2% from last Friday's close. The move down comes as the S&P 500 lost 0.2% and the Nasdaq-100 gained 0.1% in the week's trading.

XRP price has dropped 22% in the past week, with technical indicators showing both bearish pressure and signs of potential stabilization. The RSI remains neutral after a sharp rebound from oversold levels earlier this month, while the number of whales has stabilized after a brief surge.

The Ripple vs. SEC lawsuit has taken an interesting turn.

The crypto market continued to swoon this week following a collapse in values last weekend. It all started with tariffs announced last Saturday, which seems like a year ago at this point.

Digital securities firm Receipts Depo (RDC) is on track to launch XRP Depository Receipts (DR) in the United States. The offering is designed for accredited investors and backed by DWP Advisors.

Crypto markets are grinding lower on Friday, with Bitcoin reversing gains on renewed tariff fears after briefly having touched $100,000. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,769.28 -0.8% Ethereum (CRYPTO: ETH) $2,650.07 -1.7% Solana (CRYPTO: SOL) $195.91 -2.4% XRP (CRYPTO: XRP) $2.43 -5.5% Dogecoin (CRYPTO: DOGE) $0.2502 -2.4% Shiba Inu (CRYPTO: SHIB) $0.0000153 -2.5% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12.2% and daily active addresses falling by 0.3%.

Receipts Depositary Corp. already offers bitcoin and ether-backed securities and is now looking to expand its product suite by adding XRP.

Cryptocurrencies on Feb.7, 2025, traded largely mixed. While several altcoins, including Flare (FLR) and Ripple (XRP), gained, recent outperformers such as Pudgy Penguins (PENGU), Bittensor (TAO) and Hyperliquid (HYPE) struggled with downside pressure. Bitcoin's retest of the $100k level was brief as the price retreated to below $98k.

Amidst the current positive mood in the market, a noteworthy event has sparked discussion and expectation: the potential for an exchange-traded fund (ETF) backed by Ripple's XRP to enter the fray.

XRP, the native cryptocurrency of Ripple, is currently facing significant downward pressure, continuing its bearish trend that has characterized the market over the past week. Despite XRP's strong performance in the past, recent market conditions have raised concerns about its immediate future.