XRP

XRP is a digital asset and cryptocurrency that was created by Ripple Labs Inc., a technology company specializing in the real-time gross settlement system, currency exchange, and remittance network. XRP operates on an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, be it USD, Yen, litecoin, or bitcoin. XRP is often used by Ripple's payment ecosystem, RippleNet, and is increasingly adopted by banks and payment networks as settlement infrastructure technology. As a bridge currency, XRP also provides liquidity for instant cross-border transactions.


Markets

First Mover Americas: Rotation to Altcoins Has Started With Gensler's Exit Date Set

The latest price moves in crypto markets in context for November 22, 2024.

CoinDesk 20 Index vs. Bitcoin price (CoinDesk)

Markets

Dogecoin, XRP Trading Volumes Flip Bitcoin’s in South Korea

South Korean traders are known for pushing euphoric rallies on tokens, contributing to buying pressure and possibly influencing prices.

South Korea flag (Daniel Bernard/ Unsplash)

Videos

XRP Price Surges Amid Record Futures Bets; Who Will Be the Next U.S. Treasury Secretary?

XRP surged to a three-year high over the weekend to more than $1.20 with futures bets soaring to record levels. Plus, Polymarket bettors put their money on who the next Treasury Secretary will be. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.

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Markets

XRP Sees Record Futures Bets Amid Price Surge Above $1.20

An increase in both OI and prices typically indicates that new money is entering the market — indicative of a bullish trend.

Bitcoin could hit a new record high in two months. (Kurt Cotoaga/Unsplash)

Markets

XRP Price Skyrockets Past $1 as SEC Faces Legal Troubles And Favorable Regulatory Shift Looms

The price surge is consistent with the recent bullish positioning in the options market.

XRP's price surge. (CoinDesk/TradingView)

Markets

XRP Jumps 17%, Outperforms Rest of the Market as Rally Cools; Trader Thinks $120K Bitcoin Target Still in Play

“We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump’s return to office,” QCP Capital traders said in a Friday broadcast.

Jumping.  (Denny Luan/Unsplash)

Finance

SocGen Crypto Arm to Bring Its Euro Stablecoin to XRP Ledger, Lays Out Plan for Going Multichain

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.

Societe Generale (Shutterstock)

Markets

XRP's 90 Cents Calls Dominate Options Markets as Prices Hover Near 65 Cents: Godbole

XRP trades close to a major supply zone that has consistently capped upside for over a year.

XRP's price chart. (TradingView/CoinDesk)

Finance

Crypto ETFs Look Unlikely to Expand Beyond Bitcoin, Ether Under Kamala Harris, Experts Say

Several prospective issuers have filed to launch exchange-traded funds tracking smaller coins like Ripple's XRP or Solana (SOL), but the trajectory of those applications may lie with American voters.

More crypto ETFs, including current applications for an XRP or solana ETF, might not ever be approved if Kamala Harris beats Donald Trump in the presidential election, two ETF experts said. (Brandon Bell/Getty Images)

Videos

Bitcoin Flat Near $60K Amid Mideast Tensions; XRP Down 10% on Regulatory Uncertainty

Bitcoin and ether continue in the red at the start of the U.S. morning trade Thursday. This comes amid intensifying geopolitical tensions as Israel vows to retaliate against airstrikes from Iran fired earlier this week. Plus, XRP plunged more than 10% in the past 24 hours as the SEC announced that they would appeal the rulings of the Ripple case. CoinDesk's Christine Lee presents the "Chart of the Day."

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