Another week, another CoinShares report, and another billion-dollar influx into digital asset investment products. The numbers do not lie; there were $1.3 billion in inflows this time, making it five weeks straight of steady capital pouring in.
Ripple, the company behind XRP, has announced a strategic partnership with Portuguese currency exchange provider Unicâmbio. The collaboration aims to facilitate instant cross-border payments between Portugal and Brazil through Ripple's payment solution.
XRP's transaction number metrics lost around 70% from its local top, suggesting a sharp decline in activity in the last few days. The decline in metrics like that suggests an outflow of traders and investors from the network, which is the last thing you want to see amid questionable market performance.
Ripple has been one of the large-cap coins experiencing a significant loss in value over the last couple of weeks. However, the market outlook still remains bullish for the mid-term.
SBI Holdings expands XRP rewards for shareholders as Ripple gains traction in Japan, with adoption potentially influencing XRP's price movements.
Ripple is moving deeper into Europe. This time, it is through a partnership with Portuguese currency exchange provider Unicâmbio, bringing crypto-enabled cross-border payments into Portugal.
XRP trades at $2.42, boasting a $139 billion market valuation and $4.87 billion in global daily transactions, oscillating between $2.32 and $2.45. This narrow band reflects equilibrium amid evolving market forces, with prices stabilizing after recent volatility. XRP XRP's hourly chart reveals horizontal equilibrium, bracketed by resistance at $2.45–$2.50 and support at $2.30–$2.35.
XRP traded relatively subdued on Sunday, following a week of sluggish price action.
This collaboration will introduce Ripple's crypto-enabled payment solution to Portugal. It will enable instant cross-border payments between Portugal and Brazil.
Ripple payments use the XRP Ledger, where users can send and receive different currencies, including fiat money and crypto assets, through a network of financial institutions using the XRP token.
Bitcoin (BTC) is showing signs of recovery, trading around $96,934 after a brief pullback. Market sentiment remains cautiously optimistic as BTC consolidates near crucial support levels.
The partnership will enable fast, low-cost cross-border payments between Portugal and Brazil.
Ripple Labs, a leading multinational blockchain payment company based in the United States, has announced a strategic partnership with Unicâmbio, a well-funded Portuguese crypto-currency exchange. Through the strategic partnership, cross-border payments between Portugal and Brazil uniting Ripple Payments will be streamlined.
Ripple (XRP) is currently priced at $2.43, and Cardano (ADA) sits at $0.70, where both are struggling to break past high performances
In a latest development, Nasdaq has officially submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the CoinShares XRP ETF Trust. Notably, the filing, submitted on February 10, represents a significant move toward institutional adoption of XRP.
The potential approval of these ETFs could significantly boost institutional investment in crypto, enhancing market legitimacy and growth. The post Nasdaq files to list and trade CoinShares XRP, Litecoin ETFs appeared first on Crypto Briefing.
Ripple has once again made headlines with its latest step to revolutionize cross-border payments. The blockchain giant has partnered with Unicâmbio, Portugal's leading currency exchange provider, to bring crypto-enabled payments to the country.
Ripple has expanded its presence in Europe through a partnership with Unicâmbio, a Portuguese crypto exchange. This partnership is set to streamline cross-border payments between Portugal and Brazil using Ripple Payments, according to a Feb. 10 statement.
XRP has been under pressure in recent days, struggling to maintain its upward momentum. After a recent rally that took the price from a low of around $2.10 to a high of $2.80, XRP now faces challenges as it moves through a corrective phase.
XRP has dropped 2.36% in the last 24 hours, trading at $2.43 as market participants digest former US President Donald Trump's sweeping tariff announcements. The digital asset's decline aligns with broader market volatility following Trump's renewed protectionist stance, which includes a 25% tariff on steel imports and additional levies on aluminum.
XRP has entered a consolidation phase below $2.50 after reaching a high of $2.780, with technical indicators suggesting potential for renewed upward movement pending a break above key resistance levels.
Ripple is launching in Portugal with Unicâmbio, helping businesses in Portugal and Brazil make cross-border payments.
Ripple's partnership with Unicmbio could enhance financial connectivity and economic ties between Brazil and Portugal, boosting regional fintech growth. The post Ripple teams up with Unicâmbio to facilitate instant Brazil-Portugal payments appeared first on Crypto Briefing.
XRP (XRP -1.45%) and Solana (SOL 1.40%) are a pair of cryptocurrencies that are in their prime, and there are ample reasons to invest in both. Even a relatively small investment of $1,000 in either could appreciate significantly in value if investors are willing to hold their tokens for at least a few years.
JPMorgan believes that in the coming months regulators will finally agree to list spot ETFs on Ripple (XRP) on US exchanges.
XRP price has continued to stay in the red, reflecting the cautious stance of the investors towards the token. Notably, the stagnant price action of the token has left many market participants questioning, despite the positive market developments.
XRP price has plunged 28.5% from its January peak, with open interest down 52% and bearish technical patterns signaling a further 30% decline.
The uncertainty over the crypto market continues to hover as the prices of major tokens remain within a restricted range. The start of the week was neither bullish nor bearish, displaying the traders being unsure of the next price action. Meanwhile, the market capitalisation is maintaining a declining trend with the resistance lowering every day.
The crypto market continues recording a bearish price action this month. This has resulted in the top cryptocurrency tokens plunging below their important support levels within a short period. Notably, market leaders, Bitcoin, Ethereum, and Ripple coins have experienced a similar price action, highlighting increased bearish sentiment.
On February 10, 2025, President Trump's announcement of a 25% tariff on all steel and aluminum imports caused a dip in the total cryptocurrency market.
In the realm of cryptocurrencies, a perplexing forecast has surfaced whereby an aspirational price objective of $10,000 for XRP is generating waves on trading platforms and social media. With the current price at $2.38, both experienced traders and newbies should find this prognosis very striking.
The cryptocurrency market exhibited continued volatility on Monday, February 10, as market sentiment remained uncertain. Bitcoin (BTC) traded around $97,000, experiencing marginal losses, while altcoins such as Ethereum (ETH), XRP, and Solana (SOL) struggled to gain traction. The global cryptocurrency market cap was at $3.14 trillion, a 0.80% drop in the past 24 hours.
XRP has been relatively quiet over the weekend, with little sign of a strong breakout. While the broader crypto market remains volatile, XRP is currently in a corrective phase, and there's no clear indication of a major move upward for now.
XRP price struggled to continue higher above the $2.720 zone and recently corrected gains. The price is moving lower and might struggle to stay above $2.2650.
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Following a brief decline, Bitcoin is currently showing a moderate recovery at around $96,934. Since Bitcoin is consolidating close to important support levels, market sentiment is still cautiously optimistic.
Speculation around the potential adoption of XRP by banks in Japan has been gaining traction, though it remains unconfirmed. However, such a development could have significant implications for the cryptocurrency's price.
XRP saw a double-digit drop in its futures open interest, but is it a sign that the altcoin's triple-digit rally is ending?
XRP has been on the radar of cryptocurrency investors for quite some time now, and the latest prediction by analyst Javon Marks has taken the crypto world by storm. Marks has suggested that XRP could surge by a staggering 3,900% in this cycle, potentially hitting $99.
As of Feb. 9, 2025, XRP hovered at $2.41, commanding a market valuation of $138 billion—trailing behind USDT's $141 billion valuation in fourth spot—while posting a 24-hour turnover of $3.2 billion and an intraday dance between $2.39 and $2.50. XRP XRP's 1-hour chart reveals a phase of lateral equilibrium, with prices oscillating between $2.
According to data from CoinMarketCap, XRP recorded a substantial price decline in the past trading week losing 16.78% of its market value. Currently, the prominent altcoin finds itself in a consolidation zone potentially gathering momentum for its next breakout.
The future of XRP remains a hot topic within the crypto community, with some enthusiasts forecasting an astronomical price surge. A recent analysis from market pundit Gen A explores the possibility of XRP reaching an audacious $10,000 per token.
One recent poll has stirred the waters among XRP enthusiasts as the cryptocurrency market remains a battleground of predictions.
Dogecoin (DOGE) and XRP have long been key players in the crypto market, but recent price struggles have left investors searching for more promising opportunities. DOGE, once a meme-fueled powerhouse, has seen slowed momentum, while XRP continues to face regulatory uncertainties that weigh on its price action.
The crypto market recorded slight gains following increasing bull activity in the last 48 hours. Bitcoin (BTC), Ethereum (ETH), Solana, and XRP led a sharp turn as other altcoins struggled in the same period.
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