Latest news with #XRPXRP
Yahoo
08-07-2025
- Business
- Yahoo
XRP Futures Open Interest Zooms to 5-Month High as Traders Seek Bullish Bets
Futures tied to XRP XRP are flashing positive signals as the payments-focused cryptocurrency looks to build bullish momentum. On Monday, cumulative open interest in XRP perpetual futures listed on major exchanges briefly rose to 800 million XRP, the most since Jan. 19, according to data source Velo. The platform tracks activity in USDT and USD perpetuals listed on Binance, Bybit, OKX and Hyperliquid. Cumulative open interest is currently 743 million XRP, still 33% higher than on June 22, when XRP put in an interim price bottom at $1.90. Open interest refers to the number of futures contracts open or active at a given time. An increase represents an influx of money into the market, although it doesn't give any clues about the nature of the flows. That said, the recent surge in open interest seems to have been led by traders chasing bullish long bets. That's because perpetual funding rates have consistently held positive, occasionally topping the annualized 10% mark, pointing to demand for bullish exposure. Exchanges typically collect funding rates every eight hours and involve longs paying shorts when the demand for bullish bets results in perpetuals trading at a premium to the spot price. Also pointing to the bullish mood in the market is the "top trader long/short ratio" in the Binance-listed XRP/USDT market. As of writing, the ratio tracked by Coinglass stood at 1.90, implying that for every short, there are two long positions open. Short positions profit when the cryptocurrency declines. Last week, the Deribit-listed options market saw traders chase the higher strike XRP calls. Still, the cryptocurrency's spot price is yet to see notable bullish volatility. On Monday, prices rose to a high of $2.35, the level last seen at the end of May, only to quickly fall back to $2.25 and remain around that level. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
SEC Approves Grayscale ETF That Includes BTC, ETH, SOL, XRP, ADA
The Securities and Exchange Commission (SEC) has approved the conversion of Grayscale's Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF), a filing shows. The fund tracks the price of bitcoin BTC, ethereum ETH, XRP XRP, Solana SOL and Cardano ADA. The majority of the fund's weight, currently about 80%, is in bitcoin. The SEC's letter on Tuesday noted that the fund is benchmarked to the CoinDesk 5 Index (CD5). GDLC was launched in February 2018 and has since attracted nearly $755 million in assets under management. It has a 2.5% expense ratio. In a statement, CoinDesk Indices head of product and research Andy Baehr said, "We are thrilled to see SEC approval, paving the way for this Grayscale fund, benchmarked to the CoinDesk 5 Index, to be uplisted as an ETF, and enabling investors and advisors to capture the largest and most liquid digital assets in a single product." Baehr said the fund will become the largest multi-token digital asset ETF in the world. Crypto asset manager Bitwise is next in line to receive a decision from the SEC to convert its Bitwise 10 Crypto Index Fund (BITW) into an ETF. BITW holds 79% in bitcoin and the rest in ether, XRP, SOL, ADA, Sui SUI, Chainlink LINK, Avalanche AVAX, Litecoin LTC and Polkadot DOT. Sign in to access your portfolio
Yahoo
26-06-2025
- Business
- Yahoo
Ripple Integrates Wormhole With XRP Ledger to Power Institutional Multichain Moves
Ripple is pushing deeper into multichain interoperability with the integration of Wormhole, a leading cross-chain messaging protocol, with the XRP Ledger (XRPL) and its EVM-compatible sidechain. The move, announced Thursday, aims to support institutional demand for seamless movement of crypto assets, including stablecoins and tokenized real-world assets, across multiple blockchain networks, without added friction or fragmentation. Wormhole's integration unlocks the ability to transfer the blockchain's native token XRP XRP, issued assets and multi-purpose tokens across more than 35 supported chains, including Ethereum ETH, Solana SOL and Avalanche AVAX. Developers can also initiate cross-chain smart contract interactions using Wormhole's messaging infrastructure. Ripple says the upgrade will help developers and institutions build multichain applications that prioritize compliance, low cost, and fast settlement. "If you want real mass adoption, interoperability is essential. The infrastructure has to be there, not just on one chain, but across them," said David Schwartz, the CTO of Ripple, in a press release shared with CoinDesk. "With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance, and control." The development comes as the XRP Ledger increasingly positions itself as a hub for institutions and tokenized real-world assets such as real estate. For example, Dubai's first real estate tokenization platform was built on XRPL, which allows qualified investors to buy fractional shares in apartments and tokenizes title deeds on the network. Ripple, a payments-focused blockchain development firm with close ties to XRPL, also issues its own regulated stablecoin Ripple USD RLUSD. The token has a $400 million supply across XRP and Ethereum chains, data in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Bitcoin Bounce Fails, Tumbling Below $100K as Iran Reportedly Prepares Retaliation Against U.S.
Cryptocurrencies swung wildly during midday U.S. hours on Monday, with bitcoin BTC briefly sliding back below $100,000 on news reports that Iran could be preparing to attack U.S. bases in the Middle East. Other major cryptos also erased a part of their gains: Ethereum's ether ETH fell below $2,200, while XRP XRP plunged back below $2 before stabilizing around those round-number levels. The broad-market CoinDesk 20 Index, having lost around 3% during the U.S. morning session, was still slightly up over the past 24 hours. At press time, bitcoin had returned to modestly above the $100,000 mark. The Sunday low in prices was at roughly $98,500. Axios reported that the Trump administration was preparing for Iran to attack U.S. bases in the Gulf in retaliation for the U.S. military bombarding three Iranian nuclear sites over the weekend. American bases in Qatar, the United Arab Emirates and Kuwait were targeted. The report noted the president as imminently set to meet with his national security team to discuss the threat. "Bitcoin's recent fall is being driven by a potent mix of geopolitical tension and macro uncertainty," said Kirill Kretov, senior automation expert at CoinPanel. "As conflict in the Middle East escalates, global risk appetite has sharply declined." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-06-2025
- Business
- Yahoo
XRP Early Buyers Accelerate Profit-Taking as Regulatory Wins Bolster XRP Ecosystem
XRP XRP has staged one of the strongest rallies among crypto majors this cycle, but early retail holders are heading for the exit under the surface. Now trading above $2 — more than thrice its pre-rally base from October 2024 — XRP has become one of the best-performing large-cap tokens over the past 8 months. Investors who bought below 60 cents are sitting on gains upward of 300%, prompting a sharp pickup in profit-taking. According to on-chain data from Glassnode, the 7-day simple moving average (SMA) of realized profits from XRP wallets hit $68.8 million earlier this month, the highest in over a year. That's a clear sign of distribution pressure, with early accumulators cashing out into strength as the token tests key resistance levels just below its 2021 peak. That profit-taking pressure may help explain XRP's failure to break above $2.20 in recent sessions, despite multiple bullish headlines and technical the broader setup remains positive, supported by regulatory clarity in the U.S. and Ripple's growing push into tokenized asset infrastructure, the near-term price action reflects a supply overhang from long-term holders. A recent CryptoQuant analysis showed that the 1-year cumulative buy/sell quote volume difference for altcoins (excluding BTC and ETH) — a proxy for net investor flows — currently stands at negative $36 billion. That's a sharp reversal from December 2024, when the metric briefly flipped positive, marking a local top for altcoins. Since then, it's been a one-way bleed, with 'altcoin investors MIA,' CryptoQuant independent analyst Burak Kesmeci said in a Thursday post. Despite pockets of strength in XRP, SOL, and a few narrative tokens tied to real-world assets (RWAs), the broader altcoin ecosystem remains stuck in a bear market, he noted. Unless risk appetite returns or capital flows back into Layer 1s, DeFi, and gaming, hopes of an 'altseason' may continue to fade into the in to access your portfolio
