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news-imageOctober 8, 2024

Ripple's Stablecoin Test Leads To Token Burns, What Next For RLUSD?

Ripple Labs continues its development and testing of the Ripple USD (RLUSD) stablecoin, with the blockchain company minting millions of RLUSD tokens in recent weeks. According to the Ripple Stablecoin Tracker, the company has burned some minted stablecoins in batches.
Publisher: Coingape
Sentiment: Positive
XRP

More News Articles

Positive
cover-imageUToday
October 8, 2024

Ripple CTO Dispels XRP Community Doubts on RLUSD Stablecoin

One of the most anticipated launches in the crypto space is nearing as the San Francisco-based cross-border payment provider's Ripple USD (RLUSD) enters what appears to be the final stages of its research and development, with mints and burns of RLUSD accelerating to millions in value.

Positive
cover-imageUToday
October 8, 2024

Binance's XRP Holdings Spike: Is Bull Run Back?

The world's largest crypto exchange, Binance, has released its freshly printed proof-of-reserves report, which shows the ratio between customers' net balances and the exchange's. One of the highlights is the performance of XRP reserves on Binance, as they have suddenly seen a notable increase.

Positive
cover-imageCoinPedia
October 7, 2024

XRP Bulls Take Charge, Will Price Reach $0.65?

Despite price consolidation within a tight range at a support level, it appears that XRP bulls are back in the market as its trading volume skyrockets. On October 7, 2024, most top cryptocurrencies experienced a notable price surge, but XRP's price has remained stable over the past 24 hours.

Positive
cover-imageUToday
October 7, 2024

XRP Rockets 66% in Volume as Bulls Take Charge

XRP sees the sudden increase in trading activity as, according to data from CoinGlass, the perpetual derivatives market for the seventh largest cryptocurrency soared by over 66% in the last 24 hours. As a result, total derivatives turnover on XRP reached $1 billion, making the token the 12th largest by this measure.

Positive
cover-imageThe Currency Analytics
October 7, 2024

XRP's Potential Surge: Expert Claims 8,387% Growth Could Be Conservative

XRP, the cryptocurrency associated with Ripple, is making headlines as market analyst Egrag recently claimed that price targets ranging from $27 to $44 are conservative estimates based on Fibonacci analysis. This bold assertion has interest among investors and crypto enthusiasts, particularly in light of XRP's recent performance and market volatility.

Positive
cover-imageUToday
October 7, 2024

Cardano Rockets 300% in Fund Flows, XRP in Green Too

A new weekly report has come out from CoinShares on the movement of funds in the crypto-focused exchange traded products (ETPs) market. One of the main highlights of the latest research was the performance of Cardano ETPs, as investors using these financial vehicles for crypto investments poured 300% more money into them over the past seven days than the week before.

Negative
cover-imageCryptoPotato
October 7, 2024

Ripple Price Analysis: Is XRP Headed for a Drop to $0.5?

Ripple's price has recently experienced a significant decline, just as market participants were becoming optimistic about the beginning of a new bullish run. By Edris Derakhshi (TradingRage) The USDT Paired Chart Against USDT, the XRP price broke above the $0.6 resistance level last week.

Negative
cover-imageUToday
October 7, 2024

Should XRP Get Ready for Death Cross? Price Analysis

Technical analysts know that a death cross involving the 50-day and 200-day exponential moving averages (EMAs) is a bearish signal, and that is what XRP is facing. This predicament developed after XRP was unable to profit from a bullish breakout from the symmetrical triangle, a move that would have raised the price of the cryptocurrency.

Negative
cover-imageCoinPedia
October 7, 2024

Ripple News: XRP Price Risks Dropping to $0.17 Amid SEC Appeal

The ongoing legal battle between Ripple and the SEC has created a mixed sentiment for XRP, and many investors are left wondering what it means for the future of this cryptocurrency. The SEC's appeal in Ripple's case could serve as a double-edged sword, potentially providing institutions with an opportunity to buy XRP at lower prices.

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