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#technology #defi #ripple #xrp #xrp ledger #featured #xrpl

XRP Ledger (XRPL) has outlined a strategic roadmap to enhance institutional DeFi and programmability within its ecosystem. This initiative focuses on integrating compliance-driven solutions, expanding lending capabilities, and introducing innovative tokenization tools to solidify XRPL’s role in institutional finance. With these advancements, financial institutions will gain new opportunities to tokenize real-world assets (RWAs), utilize stablecoins […]
The post XRP Ledger plans big upgrades to facilitate institutional DeFi appeared first on CryptoSlate.

#bitcoin #binance #ripple #xrp #brad garlinghouse #xrp ledger #xrp price #bitcoin etfs #swift #youtube #nasdaq #coinmarketcap #ripple news #xrp news #xrpusd #xrpusdt #rlusd #xrp etfs

Crypto pundit Andrei Jikh has reignited the $100 XRP price target, sparking a bullish sentiment in the XRP community. The analyst outlined several factors that could contribute to the parabolic rally to the ambitious $100 target.  Factors That Could Contribute To The $100 XRP Price Target In a YouTube video, Jikh highlighted a potential end to the Ripple SEC lawsuit as one of the factors that could spark the XRP price rally to the $100 target. He cited the SEC’s removal of the Ripple case from its website, which indicates that legal pressure is easing. The Commission’s agreement with Binance to pause their ongoing legal battle has also sparked optimism that the Ripple lawsuit could soon end. Related Reading: XRP Price Enters Golden Pocket: Analyst Says It’s A Good Buy At These Levels Jikh then alluded to a Nasdaq report stating that 80% of Japanese banks are set to adopt XRP for global payments. The analyst is confident that this move will cause adoption to skyrocket, which could contribute to the projected rally to $100. He noted that Japan’s banking system is huge, which makes this a big deal for the altcoin.  Furthermore, the crypto pundit highlighted the potential approval of the XRP ETFs as another factor that could drive the XRP price to the $100 target. He noted how the Bitcoin price surged to new highs after the Bitcoin ETFs were approved, and Jikh believes something similar could happen.  Another factor that the crypto analyst believes could contribute to the XRP price rally to $100 is the possibility of Ripple’s payment system replacing SWIFT. He highlighted how the global payment industry is worth trillions of dollars. As such, Ripple processing a huge chunk of these global payments could cause XRP’s utility and demand to skyrocket, ultimately impacting its price.  Other Bullish Fundamentals For The Altcoin Meanwhile, Jikh also alluded to the XRP Ledger (XRPL) and Ripple’s Real USD (RLUSD) as factors that could contribute to the XRP price rally to $100. He noted that the XRPL processes around 1,500 transactions, making it a potential option for tokenization plans, which is bullish for the asset.  Related Reading: XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85 If the XRPL becomes the go-to platform for tokenizing real-world assets such as stocks and bonds, this will help drive demand up and make the crypto more valuable. The RLUSD stablecoin is also bullish for XRP as its burn mechanism helps remove XRP from circulation as its utility grows.  Jikh then alluded to the possibility of Ripple CEO Brad Garlinghouse being on the White House Crypto Advisory Council. This is especially bullish for the XRP price as Garlinghouse being on the Council could cement its place in the newly-created US sovereign wealth fund.  At the time of writing, the asset’s price is trading at around $2.55, up over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

#technology #crypto #ripple #xrp ledger #featured #xrpl #rlusd

The XRP Ledger (XRPL) has implemented the AMMClawback amendment, introducing a new layer of regulatory compliance and asset control within its Automated Market Maker (AMM) system. On Jan. 30, XRPscan, a blockchain explorer for XRPL, confirmed that the amendment is now live after a 14-day activation period. How the AMMClawback works According to the XRPL […]
The post Ripple’s RLUSD gains liquidity boost with AMMClawback update on XRP Ledger appeared first on CryptoSlate.

#ethereum #defi #blockchain #crypto #stablecoin #ripple #decentralized finance #xrp ledger #chainlink #rlusd #tamper-proof data

Ripple’s RLUSD stablecoin gets a boost as Chainlink’s price feeds enable secure, real-time DeFi transactions on Ethereum and the XRP Ledger.

#blockchain #stablecoin #ripple #xrp #xrp ledger #wallet #self custody #cryptocurrency #users #xrpl #ripple usd #rlusd #xaman

Xaman’s spike in user activity reflects a renewed interest in the XRPL ecosystem amid the ongoing XRP rally and anticipation of the RLUSD stablecoin launch.

#markets #xrp #xrp ledger #altcoins #xrp price #altcoin watch

XRP price data indicates that the current correction is a buy-the-dip opportunity for whales and displays the altcoin’s potential to move higher.

#xrp #xrp ledger #xrp whales #xrpusd #xrpusdt #ali martinez

In the last week, the price of XRP increased by 35% as the general crypto market maintains a stellar performance stretching over the last two months. Interestingly, recent developments in the XRP market indicate a sustained bullish outlook for the prominent altcoin. Related Reading: Ripple Labs Future Under Trump: CEO Brad Garlinghouse Outlines Vision For 2025 Whales Accumulate $288 Million XRP As Price Slides To $2.22 In an X post on December 7, renowned crypto expert Ali Martinez shared that XRP whales had embarked on an accumulation spree amidst a recent price dip.  Notably, XRP has been one of the best-performing cryptocurrencies in Q4 2024 rising by over 350% since the US elections. However, the altcoin recorded a significant 23% decline in the past week, falling from $2.90 to $2.22 between December 3-December 6. During this period, Martinez noted that whales i.e. wallets holding between 1 million – 10 million  XRP,  acquired over 120 million XRP, valued at $288 million, as they increased their market holdings to $4.7 billion. Generally, such large purchases by market whales are indicative of confidence in an asset’s long-term profitability and are common bullish signals. Rightly so, XRP has experienced an 18% price gain rising to $2.60 in the 48 hours following this bullish whale activity.  In regards to how high XRP can go, Ali Martinez has set a projected target of $4.34 which may be a good price zone for traders to take profit. However, any unexpected price decline could force the altcoin to return to around $2.23 which Martinez describes as a “key area of support”. Related Reading: XRP Price Steadies Above Support: Preparing for the Next Move? XRPL Active On-Chain Addresses Surpass 100,000 In other news, the number of on-chain active addresses on the XRP Ledger (XRPL) has recently recorded a significant increase.  According to CryptoQuant analyst Wenry, exchange transfers dominated the transaction volume on the XRPL up until Q3 2024.  However, on-chain XRP transactions have now overtaken exchange inflows as the number of active addresses rose rapidly in recent months reaching a yearly high of 100,000 on December 2. This development can be attributed to several factors including improvement on XRPL’s DeFi infrastructure which has created a better working environment that attracts top decentralized protocols similar to Uniswap, Maker, etc.  In addition, there has been significant progress in the development of layer 2 solutions for the XRPL to improve scalability, interoperability, and functionality. Notable projects on this front include The Root Network, XRPL Ethereum Virtual Machin,e and XRPL Hooks. At the time of writing, XRP trades at $2.57 after a 3.94% gain in the past day. Meanwhile, the token’s daily trading volume is down by 13.70% and valued at $12.03 billion.  The altcoin now ranks as the third largest cryptocurrency with a market cap of $147.98 billion. Featured image from Bloomberg, chart from Tradingview

#ethereum #stablecoin #ripple #xrp #brad garlinghouse #xrp ledger #liquidity #tokens #cross-border transactions #ripple usd #rlusd

Once RLUSD is available, Ripple plans to use both RLUSD and XRP in its cross-border payments solution.

#ripple #xrp ledger

XRP Ledger reduced its reserve requirement from 10 to 1 XRP, letting users fund wallets with as little as $2.56.

#crypto #xrp ledger #xrp price #cryptocurrency #xrp news #crypto news #xrp ledger news #xrp price analysis #xrp price chart

At the end of the third quarter of the year, XRP, the native token of the XRP Ledger (XRPL), solidified its position as the seventh-largest cryptocurrency by market capitalization, reaching approximately $34.7 billion.  This represents a notable 31.1% increase in its circulating market cap quarter-over-quarter (QoQ) compared to Q2. The XRP price also experienced a significant increase of 28.5% during the same period. However, with the recent victory of President-elect Donald Trump and a clearer horizon on the regulatory front in the US, these metrics have fallen short, with the last three weeks’ rally being the largest in nearly 7 years. XRP Sees 94% Surge In Daily Transactions Research firm Messari and its Q3 report show that the recent momentum can be attributed to several key developments. Most notably, asset management firm Grayscale launched its XRP Trust in September, giving accredited investors a new way to gain exposure to XRP.  This development, along with S-1 filings by exchange-traded fund (ETF) issuers Bitwise, Canary, 21Shares and WisdomTree to launch XRP ETFs in recent months, underscores the growing institutional interest in the token. Related Reading: Cardano Could Be Heading For A 20% Correction – Technical Data Signals Bearish Price Structure In Q3, several key network metrics reversed previous declines. Average daily transactions soared by 94% QoQ to reach 1.7 million, while new addresses increased by 10% to 105,000.  However, the increase was largely driven by microtransactions (transactions involving less than 1 XRP), which Ripple’s report noted were associated with a spam messaging campaign. Notably, this increase in new addresses contrasts with a 34% year-over-year decline in quarterly new addresses from Q3 2023 to Q2 2024. Despite the uptick in certain metrics, total active addresses fell by 3% QoQ, driven by a 20% decrease in active sending addresses, while unique receiving addresses rose by 7%. Price Nears 2018 Record High Payment transactions also displayed remarkable growth, increasing by 110% QoQ after experiencing declines in the previous two quarters. This surge followed a significant spike related to inscription activities that began at the end of 2023.  In addition to payment transactions, NFT-related activities on the XRPL also saw notable changes. NFT minting and burning transactions increased by 93% and 148%, respectively, while NFT creation and offer acceptance transactions saw slight declines.  Related Reading: Bitcoin Price At $245,000? Here’s When You Should Be Expecting It Despite this, if going deeper into the Q4 data, XRP has seen its most notable uptrend in years, with its market capitalization soaring by nearly $130 billion in just three weeks, making it the third largest digital asset on the market, just behind Bitcoin (BTC) and Ethereum (ETH).  Its price has clearly followed suit, with a colossal 432% uptrend in the past few weeks to a current trading price of $2,71 per token, close to the record high of $3,040 reached during the 2018 bull run, and now with only a 20% gap between the current price and the all-time high.  Overall, the data from Q3 and part of Q4 paints a picture of a growing and evolving XRP ecosystem characterized by increased transaction activity, institutional interest, and a commitment to improving XRP’s value proposition. Featured image from DALL-E, chart from TradingView.com

#ripple #xrp #bull market #xrp ledger #ripple labs #xrpl #xrp rally

According to CoinMarketCap, Ripple's native XRP token has a maximum supply of 100 billion and a circulating supply of roughly 57 billion.

#ripple #xrp #xrp ledger #archax #xrp price #ripple labs #ripple news #xrp news

Ripple Labs has introduced the first tokenized money market fund on the XRP Ledger (XRPL). The initiative, in partnership with Archax and UK-based asset manager abrdn, signifies a notable advancement in the tokenization of real-world assets (RWA) and the expansion of institutional decentralized finance (DeFi) for the XRP ledger ecosystem. Ripple Enters The RWA Sector […]

#ripple #xrp #xrp ledger #xrp price #ripple news #xrp news #xrp ledger news

Societe Generale-FORGE (SG-FORGE), the digital asset subsidiary of French banking giant Societe Generale, has announced plans to deploy its MiCA-compliant stablecoin, EUR CoinVertible (EURCV), on the XRP Ledger in 2025. The decision makes the XRPL the third blockchain platform for EURCV, following its initial launches on Ethereum and Solana. XRP Ledger Gains French Stablecoin Partner […]

#finance #news #stablecoin #xrp #xrp ledger #société générale

The French financial services firm said earlier this year it will also expand EURCV to the Solana network after struggling to attract users on Ethereum.

#xrp #xrp ledger #xrp price #xrp news #xrp ledger news

The XRP Ledger (XRPL) is on the brink of a major governance transformation with the official confirmation of a Decentralized Autonomous Organization (DAO). This shift is poised to decentralize decision-making processes and significantly enhance community participation, marking a pivotal evolution in the ecosystem’s governance framework. XRP Ledger DAO Confirmed Prominent community member Crypto Eri (@sentosumosaba) […]

#xrp #xrp ledger #xrp price #xrp news #xrpusdt #xrp ledger news

The XLS-40 amendment on the XRP Ledger, which introduces a new standard for Decentralized Identifiers (DIDs), was activated on October 30. Approved by 28 out of 35 validators (85.71%), the amendment went live yesterday. Mayukha Vadari, a Senior Software Engineer at RippleX, announced the activation via X (formerly Twitter), stating: “The XRPL DID amendment goes […]

#finance #real world assets #tokenization #news #ripple #xrp ledger #tokenized assets

The vehicle will focus on data center investments across the U.S, United Arab Emirates, Saudi Arabia, India, and Europe, claiming to be the "world’s first combined equity and debt tokenized fund."

#ripple #xrp #xrp ledger #xrp price #xrp news #xrpusdt #xrp price analysis #xrp bullish signal #xrp on-chain data #xrp network activity

The entire crypto market is enjoying a strong surge, yet XRP has been lagging, remaining stuck below the crucial $0.55 level since the start of October. Analysts and investors are closely watching for signs of strength and confirmation that XRP is poised for significant gains in this market cycle.  Key data from Santiment offers a glimmer of optimism. It shows a notable spike in active wallets on the XRP Ledger, which could signal growing interest and accumulation. Related Reading: Dogecoin Breaks Above $0.12 Level – Time For DOGE To Catch Up? As the broader market continues to push higher, the coming days are pivotal for XRP. Investors hope for a breakout from the weeks of sideways consolidation that have kept its price action subdued.  A decisive move above $0.55 could ignite bullish momentum and put XRP on track to catch up with the broader market rally. For now, the market eagerly awaits further developments, with many anticipating that XRP’s moment may finally be approaching. XRP Ledger Activity Signals A Shift XRP remains one of the most popular altcoins in the crypto market, yet many investors are increasingly concerned as the price has struggled to reclaim local highs around $0.65. Despite the lack of upward momentum, critical data from Santiment offers a glimmer of hope.  The XRP Ledger recently experienced a significant spike in activity, with 35,799 unique wallets making at least one transfer daily, marking the highest activity level in over three months. In addition, 3,858 new wallets were created in a single day, the largest increase over seven months. This surge in network activity is a promising sign for XRP, as spikes in active wallets and new addresses often precede major price movements. The growing interest in XRP could be an early indicator of an impending shift in price action, especially as the broader market trends upwards.  However, the price must still exceed the local highs of around $0.65 to confirm a bullish trend. While the network data points to potential growth, the coming weeks will be crucial for XRP’s price movement.  Related Reading: Bitcoin Whales ‘Grew Substantially’ During Last Dip, Data Shows Large-Holder Accumulation If it can reclaim key resistance levels, XRP may finally align with the overall market’s bullish sentiment, providing a more optimistic outlook for its investors. Price Action: Technical Levels To Watch XRP is trading at $0.555 after three weeks of sideways movement. It remains below the 4-hour 200 exponential moving average (EMA), but it is now testing this key indicator as resistance.  A successful breakout above the 200 EMA, followed by consolidation and holding it as support, would likely signal a surge to higher supply zones around $0.60 and potentially $0.65. This breakout would confirm renewed bullish momentum, encouraging investors to wait for a clear upward trend. However, if XRP fails to break above the 200 EMA and these critical resistance levels, a retrace to $0.52 or even lower could be imminent. Failing to breach this resistance would point to further consolidation or even a correction as the market seeks lower liquidity levels.  Related Reading: Solana Struggles To Break $160 Resistance As Top Analyst Predicts A Coming Surge As XRP continues to test this key technical level, the next few days will be pivotal in determining whether the altcoin can finally break out of its range-bound trading and follow the broader market’s bullish sentiment. Featured image from Dall-E, chart from TradingView

#ripple #xrp #xrp ledger #xrp price #ripple news #xrp news

Ripple has announced a major upgrade to its Ripple Custody service, aiming to deliver bank-grade crypto custody solutions to fintech firms and crypto businesses. The enhancements include integration with compliance tools, expanded hardware security module (HSM) options, support for tokenizing real-world assets on the XRP Ledger (XRPL), pre-configured policy frameworks, and an improved user interface, […]

#ripple #xrp #xrp ledger #xrp price #ripple news #xrp news #xrpl ambassador program

XRP Ledger developer Marvin Sunday, alias @MarvinSunday4 on X, is leveling serious accusations against RippleX and Ripple for allegedly failing to provide financial compensation due to participants of the XRPL Ambassadorship program, which officially concluded on December 20, 2023. Marvin’s public outcry has brought significant attention to the practices of Ripple’s community engagement strategies, raising […]

#ripple #xrp #xrp ledger #xrp price #sbi #ripple news #xrp news #sbi digital

SBI Digital Community Co., Ltd., a SBI Group subsidiary, and Ripple Labs have announced a strategic partnership to promote the utilization of the XRP Ledger within the Web3 community. According to an official press release dated August 13, the collaboration will focus on integrating the XRP Ledger into “Bto3Web3 community”, a digital platform managed by […]

#ripple #xrp #xrp ledger #xrp price #ripple news #xrp news #xrp ledger developers

In a recent development that has sparked considerable outrage within the XRP Ledger (XRPL) developer community, Ripple is under fire for altering a podcast clip. The edited segment was part of Ripple’s new podcast series titled “Exploring Ripple’s New Stablecoin Ripple USD (RLUSD)”, featuring CTO David Schwartz and Ripple President Monica Long discussing the upcoming […]

#finance #real world assets #tokenization #news #blockchain #ripple #xrp ledger

This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers.

#ripple #xrp #xrp ledger #archax #xrp price #ripple news #xrp news #xrpl #ripple rwas #ripple tokenization

Ripple, known for its enterprise blockchain solutions, and Archax, the UK’s first Financial Conduct Authority (FCA) regulated digital asset exchange, broker, and custodian, have announced a significant extension to their partnership. This extension aims to tokenize hundreds of millions of dollars of real world assets (RWAs) using the XRP Ledger (XRPL), positioning XRPL as a […]

#korea #ripple #xrp #xrp ledger #japan #xrp price #ripple news #xrp news

Ripple announced the creation of the XRPL Japan and Korea Fund on June 11, 2024, marking a major strategic move to deepen its engagement with blockchain innovation in East Asia. This initiative is part of a broader commitment from Ripple, allocating 1 billion XRP (worth approximately $490 million) to support various activities that catalyze the […]

#defi #blockchain #crypto #blockchain technology #xrp ledger #xrp price #xrp news #crypto news #xrpusd #xrp ledger news #xrpusd price #xrp price news #xrp price analysis #xrp price chart

As a recent Messari report outlined, the XRP Ledger (XRPL) showcased notable progress during the first quarter of 2024. The decentralized public blockchain, which facilitates the transfer of XRP, fiat currencies, and other digital assets, has demonstrated substantial activity. XRP Ledger Burn Rate Slows Amid Low Fees During Q1 2024, XRP, the native token of the XRPL, secured its position as the sixth largest cryptocurrency by market capitalization, reaching $34.1 billion (currently $29M). Despite a slight price decrease, XRP’s circulating market cap witnessed a 1.3% growth quarter-over-quarter (QoQ). Related Reading: Forget Fear, Embrace Greed? Bitcoin Soars As Sentiment Turns Red Hot The XRPL employs a deflationary mechanism by systematically burning transaction fees. This process exerts downward pressure on the total supply of XRP, which stands at 100 billion tokens.  Since the inception of the XRP Ledger, approximately 12 million XRP have been burned. However, the low burn rate during Q1 can be attributed to the network’s relatively low transaction fees (less than $0.002 per transaction).  Additionally, 1 billion XRP is released from escrow to Ripple each month, with any unutilized tokens being placed into new escrow contracts. This pattern will continue until the remaining approximately 45 billion XRP becomes liquid; at this point, the deflationary pressure from burned fees will be the primary variable affecting supply. While XRP’s price decreased marginally 0.1% QoQ, lagging behind the overall crypto market’s 63.0% increase, it rose 14.8% year over year (YoY).  Inscription-Fueled Transactions Propel XRPL Daily Payments The report highlights that revenue in the XRPL is measured as total fees collected by the network, which are subsequently burned, contributing to the redistribution of wealth from transaction fee spenders to XRP holders. Network activity showed significant growth, with active addresses and transactions increasing by 37% and 113% QoQ, respectively. A substantial portion of transaction activity on the XRPL stemmed from inscriptions, a transaction type popularized in early 2023. Over 30 million transactions were sent to a single account by approximately 45,000 accounts engaged in inscription-related activities. According to Messari, inscriptions, facilitated by XRP Script, played a key role in driving the surge in daily payments, which soared 350% QoQ to 2 million transactions. Related Reading: $2.9 Billion In Mt. Gox Bitcoin On The Move For The First Time In 5 Years, Where Is It Headed? Lastly, the report notes that the XRP Ledger blockchain witnessed a net increase of 150,000 accounts, driving the total number of accounts up by 3.1% to 5.15 million in Q1. However, new addresses decreased 12.4% QoQ to 183,000, primarily due to the high number of addresses created in Q4, coinciding with the inception of inscription activity.  As of press time, XRP is valued at $0.5279, down 2.5% in the past 24 hours and 3.5% in the past seven days, which is in line with the broader market trend.  Featured image from Shutterstock, chart from TradingView.com 

#ripple #xrp #xrp ledger #sbi #ripple news #xrp news

SBI VC Trade, a subsidiary of SBI Holdings, has commenced its role as a validator node on the XRP Ledger (XRPL). This move by SBI, a major player in Japan’s financial sector, underscores its commitment to playing a pivotal role in the governance and development of the ledger. SBI Announces XRP Ledger Validator Launch The […]

#ripple #xrp #xrp ledger #david schwartz #crypto news #xrpusd #xrpusdt #xrpl #bill morgan #nik bougalis

Amid a contentious discussion regarding Ripple and XRP identity, the firm’s Chief Technology Officer (CTO) David “JoelKatz” Schwartz has provided insights on the subject, emphasizing the company’s effort to provide clarity between both parties. Ripple CTO On Naming Controversy Both XRP and Ripple have similar pasts; XRP was once known as “ripples” before taking on […]

#technology #features #sec #ripple #xrp #xrp ledger #david schwartz #centralization

Schwartz spoke to The Protocol about the aftermath of Ripple's SEC win, his method for dealing with XRP's rabid fanbase, the XRP Ledger's controversial approach to centralization, and more.