Crypto Blog
XRP’s price went on an unexpected run on Saturday night, surging to a multi-week peak of $2.6 before correcting slightly.
However, this is where the popular crypto analyst Ali Martinez sounded the alarm about a potential drawback for XRP’s price.
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Ripple's XRP witness decline in key on-chain metrics amid funding rates resetRipple's XRP is up 4% on Friday after recovering from a sharp correction during the week.
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XRP News: Ripple's RLUSD Attracts Bids For 800 XRP. But Why?While RLUSD’s price will always be redeemable for $1, some onchain “collectors” are likely bidding to be the first to hold the much-awaited Ripple stablecoin.
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Ripple Shovels Millions of RLUSD into Exchanges as XRP Sees Large Coinbase TransferRecent blockchain activity reveals that anonymous wallets linked to Ripple are actively introducing large quantities of their new stablecoin, RLUSD, into cryptocurrency exchanges. Concurrently, a substantial transfer of XRP, totaling over 30 million coins, has been detected moving to Coinbase, the largest US-based crypto exchange.
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Ripple Transfers 90 Million XRP to Unknown WalletsRipple recently transferred 90 million XRP to unknown wallets, sparking curiosity within the crypto community. These transactions occurred amidst market volatility, with XRP showing resilience above key support levels.
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XRP Rises After Ripple Launches RLUSD StablecoinXRP surged over 10% following the launch of Ripple's RLUSD stablecoin, leading to nearly $1.5 billion in investor profits. While XRP faces resistance near $2.58, whales continue to accumulate, suggesting strong buying pressure.
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Ripple CTO: XRP Ledger Scalability Potential Reaches 50,000 TPSRipple's Chief Technology Officer, David Schwartz, discussed the XRP Ledger's scalability in terms of transactions per second (TPS). Responding to a user's query, Schwartz acknowledged the potential for the ledger to scale up to 50,000 TPS through future optimizations in CPUs, storage, networking, and internal architecture. While emphasizing the importance of spare TPS for future development, he cited examples like integrating Automated Market Makers (AMMs) and programmability as features that would be impossible without sufficient headroom.
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