XRP is up 22% in the past seven days, with its price reclaiming ground above the $2 mark for the first time in months. The rally has sparked renewed interest, with technical indicators flashing signs of both strength and caution.
XRP continues to join the list of top crypto gainers in recent days, with XRP bulls gearing up this month as historical data from CryptoRank shows that April has consistently emerged as one of the best months for XRP over the past decade.
Rumors are circulating that the global interbank network SWIFT may soon integrate Ripple's XRP Ledger. However, many of the claims about SWIFT's interest are highly overstated.
OM token's sudden crash unleashed widespread cross-exchange liquidations, prompting a swift Binance response as traders faced halted profits and escalating concerns over tokenomics integrity.
Cryptocurrency markets are trading sideways on Monday amid ongoing tariff uncertainty. Cryptocurrency Price 24-Hour Gains +/- Bitcoin (CRYPTO: BTC) $84,890 +0.4% Ethereum (CRYPTO: ETH) $1,645 +0.8% Solana (CRYPTO: SOL) $130.30 -0.8% XRP (CRYPTO: XRP) $2.15 -0.7% Dogecoin (CRYPTO: DOGE) $0.1613 -3.2% Shiba Inu (CRYPTO: SHIB) $0.0000122 -1.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 2% and daily active addresses down by 6%.
Story token has experienced major volatility, which caused concerns over a repeat of the Mantra crash.
Blockchain investigator ZachXBT has spotlighted two individuals, Reef Finance founder Denko Mancheski and X user Fukugo Ryōshu, as potentially linked to the sudden 90% crash of Mantra's OM token on April 13.
Products tracking Bitcoin and other coins generated outflows last week amid Donald Trump's tariff zigzag, except for XRP funds.
On April 14, 2025, XRP is trading for $2.14 per unit with a market capitalization of $125 billion and a 24-hour trading volume of $3.42 billion, fluctuating between $2.09 and $2.18 in a tight, volatile range, hinting at a coiled breakout setup. XRP XRP's 1-hour chart reveals a consolidation phase occurring between $2.12 and $2.18.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
XRP has emerged as one of the strongest-performing assets in recent weeks, defying broader market volatility and mounting macroeconomic uncertainty. After a rough start to the month, XRP has rebounded sharply, posting a 32% gain from last Monday's low.
Here's the top headlines in crypto in the past 48 hours including BTC, Mantra's OM crash and more.
XRP (CRYPTO: XRP) is up 13% over the past week as parent company Ripple touts the potential of tokenization as a growth catalyst. Cryptocurrency Price 7-Day Performance XRP (CRYPTO: XRP) $2.12 +12.8% Bitcoin (CRYPTO: BTC) $84,330 +7.5% Ethereum (CRYPTO: ETH) $1,630 +4.7% Trader Notes: Prominent technical analyst Ali Martinez highlighted key resistance for XRP around $2.22, which, if overcome, could kickstart a move toward $2.40.
Switzerland-based trading firm Laser Digital, which is part of the Nomura Group, has denied any involvement in the Mantra token flash crash that saw OM lose lose 90% of its value.
TL;DR Mantra's OM token lost over 90% of its value within an hour, wiping out $5.5 billion in market capitalization after a suspicious transfer to OKX. Coordinated movements from at least 17 wallets were detected before the crash, alongside recent changes in the token's economic model.
Tongues began to wag on XRP Ledger's addition to the SWIFT ecosystem, preceding a major announcement.
Investors are reeling over MANTRA's OM token crash that has erased $5 billion in market cap within hours. Plus, Jack Dorsey, Elon Musk push to "delete all IP law" and Etehreum Founder VitalikButerin calls for improving privacy.
Mantra CEO John Mullin addressed key concerns from the community following the sharp decline in the OM token during an Ask Me Anything (AMA) session hosted by Cointelegraph on April 14.Mullin reassured users that Mantra and its partners are actively working to support the recovery of the Mantra (OM) token, though he noted that details around token buybacks and potential burns are still being developed. “We're still in the early stages of putting together this plan for potential buyback of tokens,” the CEO said, adding that the OM token recovery is Mantra's “preeminent and primary concern right now.
OKX prepares reports following 90% crash in OM token value.
XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength in a signal of potential short-term price recoveries, data indicates.
Most cryptocurrencies, including XRP (XRP) and Solana (SOL), had a good week as most tokens rallied following Donald Trump's decision to pause the implementation of higher tariffs on a big group of countries for at least 90 days.
Ripple has staged a double-digit recovery in the past seven days, jumping over 30% from its lowest point this month. Ripple (XRP) price climbed to a high of $2.
XRP continues its impressive upward trajectory, demonstrating remarkable strength with consistently higher lows and higher highs. The recent price action shows resilience, with buyers stepping in at every dip, particularly during the April 12th surge when XRP broke above $2.07 resistance with 240M in trading volume.
Mantra is under scrutiny following the recent collapse of its OM token, which experienced a sharp decline on April 13.
The Ripple v. SEC case was long hailed as the catalyst that would propel XRP to new heights.
Two major players tied to the OM token—MANTRA's co-founder and Nomura's Laser Digital—issued statements Monday distancing themselves from the token's 90% price drop over the weekend.
MANTRA (OM) has suffered a catastrophic 90% price wipeout in what's now being referred to as the most severe MANTRA crash to date.It was reportedly sparked by fears surrounding a major forced liquidation event.
The OM token of Mantra experienced a turbulent weekend, crashing by over 90% before achieving a spectacular rebound of 200%. The token's price, which had hit a low of 0.37 dollars, climbed back up to 1.10 dollars on April 14. However, behind this recovery lies a complex story, full of accusations, suspicions, and market dynamics that closely resemble the collapse of Terra (LUNA) in May 2022. The collapse of the OM token has triggered a flurry of accusations on social media, with many users openly discussing a possible rug pull, which is a scam where the creators of a project suddenly abandon it, taking away investors' funds. The rumors have become more persistent after reports emerged of suspicious transfers of OM tokens to centralized exchanges, just before the collapse of the crypto Mantra (OM).
Mantra's OM token rebounded 200% after a 90% crash, but analysts warn of structural risks reminiscent of Terra LUNA's collapse, raising concerns over tokenomics and forced liquidations by centralized exchanges. The post Mantra's OM Price Recovers 200%, But Analysts Warn of LUNA-Level Risk appeared first on Cryptonews.
Laser Digital said it wasn't involved in MANTRA's crash on Sunday and denied sending millions in OM tokens to OKX.
Despite the multiple positive regulatory developments, the economy-wide tariff shocks prevailed, sending XRP below its critical support levels near $2 and into an uncertain future.
The digital asset market faced another challenging week, with $795 million in outflows recorded across crypto investment products, according to CoinShares‘ latest weekly report. This marks the third consecutive week of declines, underlining growing caution among investors navigating global economic headwinds.
Buyers are more powerful than sellers on the first day of the week, according to CoinStats.
Ripple's native token has staged a notable rebound from the crucial $1.7 support level, signaling renewed buying interest. However, the price is now approaching a key resistance zone, where a breakout could trigger a bullish retracement toward the 100-day moving average at $2.5.
Some analysts envision a 3x surge for DOGE from current levels.
After Mantra's OM token collapsed 90%, many analysts started pointing to insider selling. The latest move by Mantra DAO amplified these concerns.
An Insider-linked wallet moved $41M in OM to OKX just before the crash, sparking panic and triggering a 90% price collapse. The OKX CEO slammed the incident as a “scandal” and pledged complete transparency on liquidation and collateral data.
While the digital asset investment space continued to lose capital for the third week in a row, posting $795 million in outflows and dragging the month-to-date figure close to the billion mark, a few assets managed to reject the trend — and right at the top of that short list was XRP, which attracted $3.4 million in inflows while almost everything else went the other way.
XRP saw $3.4M in inflows while the broader crypto market experienced $795M in institutional outflows.
The XRP price has once again surged above the significant $2.2 mark, sparking investor confidence. This prevailing positive sentiment has evoked speculations of a potential bullish trend.
Hedera (HBAR) has struggled to regain momentum after the 27% correction that took place at the end of March.
In the wake of the Mantra scandal, Quinn Thompson, the founder and Chief Investment Officer of Lekker Capital, has once again raised red flags about another RWA project Ondo Finance.
As the crypto markets catch their breath after a period of high volatility, all eyes are on three giants: Bitcoin, Ethereum, and Ripple. This week is set to be decisive, with critical technical levels and macroeconomic factors that could redefine market dynamics.
Recently, the OM token from the Mantra chain crashed over 90% in just an hour wipign out over $5.5 billion in value causing havoc in the crypto market. It all started when a wallet possibly linked to the OM team deposited 3.
The crypto ecosystem is recovering broadly, with the XRP price in the spotlight. The intense sell-off in the past week ushered in the threat that the coin could add a zero to its price or dive below the $1 mark.
XRP has once again reigned supreme against other top cryptocurrencies amid a $795 million outflow recorded in the digital assets space. Amid this, Ripple's coin recorded an inflow, defying the broader market trend, which also resulted in an outflux in Bitcoin, Ethereum, and Solana.
Blockchain analysts have identified large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token, raising questions about insider activity and the stability of the project.Laser Digital, a strategic Mantra investor, reportedly cashed out large portions of Mantra (OM) tokens before the cryptocurrency collapsed on April 13, onchain data suggests. At least two wallets linked to Laser Digital were among 17 wallets that moved a combined 43.6 million OM tokens — worth about $227 million at the time — to exchanges before the crash, according to blockchain analytics platform Lookonchain, citing Arkham Intelligence data.
Blockchain analysts have identified large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token, raising questions about insider activity and the stability of the project.Laser Digital, a strategic Mantra investor, reportedly cashed out large portions of Mantra (OM) tokens before the cryptocurrency collapsed on April 13, onchain data suggests. At least two wallets linked to Laser Digital were among 17 wallets that moved a combined 43.6 million OM tokens — worth about $227 million at the time — to exchanges before the crash, according to blockchain analytics platform Lookonchain, citing Arkham Intelligence data.