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Ripple's Chairman, Chris Larsen, recently made headlines by transferring 20 million XRP tokens, currently valued at $60.5 million, to an unknown wallet. The move, which took place earlier today at 1:04 UTC, was flagged by Whale Alert, a prominent whale tracking resource.
With the XRP token approaching an all-time high, Ripple's 2024 election gambles appear to have paid off—big-time.
Ripple-linked asset XRP surged to a fresh seven-year-high price Thursday, coming within two cents of its 2018 peak.
XRP has been making waves in the cryptocurrency world, hitting a seven-year high of $3.10, a price point not seen since 2018. This remarkable surge is part of a broader 30% gain over the past two weeks, signaling a strong bullish momentum that has set the digital asset apart from other major cryptocurrencies.
XRP has smashed through its previous record, hitting an all-time high of $3.37 on major exchanges Binance, Kraken, and Bitfinex, setting the crypto community ablaze. The explosive rally came through a combination of factors—whale activity, bullish market sentiment, recent wins in Ripple's ongoing fight with the U.S.
Ripple CEO Brad Garlinghouse has addressed discussions surrounding the potential establishment of U.S.-backed strategic crypto reserves. Speaking at the CfC St. Moritz conference, Garlinghouse shared his perspective on the possibility of cryptocurrencies like XRP, Solana (SOL), and USDC being included in national reserves.
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According to data provided by Polymarket, the odds of an XRP ETF being approved by the U.S. Securities and Exchange Commission in 2025 have spiked sharply higher.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Eric Jardine of Chainalysis breaks down the firm's latest data on crypto's use in illicit activity.
XRP reaches an all-time high of $3.39, surpassing its 2018 peak for the first time in nearly seven years. Ripple's altcoin has gained over 15% today and 40% in January so far.
XRP's open interest has increased by $6 billion since the start of the month as the altcoin soared to new all-time highs.
XRP's latest high is making news, but it isn't the only headline today.
Trump's crypto strategic reserve could benefit XRP and Solana, fostering industry growth and shifting US regulatory approaches.
XRP showed strong performance on Thursday, extending its Wednesday gains after retesting the daily trendline support near $3.08.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Innovating Capital General Partner Anthony Georgiades joins CoinDesk to discuss XRP's recent rally that sent the token's price to a high above $3.00. Plus, he weighs in on the rumors around a crypto reserve under the Trump administration.
The price of XRP has skyrocketed by ~50% this month alone. With this, the altcoin has successfully reclaimed the $3 mark for the first time in 7 years. Despite the recent appeal by the SEC, the Ripple token has maintained its bullish action, highlighting strong fundamentals for the altcoin in the market.
A leak has revealed the incoming Trump administration could create a wider crypto reserve—prioritizing U.S.
In recent days, XRP's value has been climbing as positivity about upcoming cryptocurrency regulations surpasses the challenges posed by a recent legal appeal from the US Securities and Exchange Commission (SEC).
Digital coins traded in the green on Thursday as the global crypto market cap recovered past $3.5 trillion. While newer tokens often dominate trends during market rallies, this time's cycle appears different. Og crypto projects such as Ripple's XRP and Litecoin remain on investor radar with remarkable price actions.
Ripple's native token, XRP, has been making waves in the cryptocurrency realm with its impressive upside momentum. Amid this remarkable price surge, recent activity by whales and investors has raised concerns about a potential sell-off.
The price of the native token of the XRP Ledger has surged by more than 44.5% so far this year significantly outperforming the wider cryptocurrency market and boosting its market capitalization to nearly $200 billion.
XRP (CRYPTO: XRP) is surging on Thursday, up 11% at the time of writing, fueled by speculation about President-elect Donald Trump considering a reserve of U.S.-based crypto assets. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $3.36 $193 billion +15% +44.8% Ethereum (CRYPTO: ETH) $3,337 $397.9 billion -0.1% -1.1% Bitcoin (CRYPTO: BTC) $99,400 $1.97 trillion +0.3% +5.5% Trader Notes: Crypto chart analyst Ali Martinez identified XRP as being in the midst of a substantial bullish breakout.
Two crypto market observers raised concerns to CoinDesk over the idea of expanding a potential national strategic reserve to altcoins.
