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Information about XRP (XRP)
Ripple (XRP) is a cryptocurrency created in 2012 by Ryan Fugger, Jed McCaleb, and Chris Larson. The Ripple project was developed to enable users to use financial institutions, banks, PayPal, and other services at meager costs and lightning-fast processing speed.
Ripple is a distributed peer-to-peer payment system that is open source. Ripple, like Bitcoin, uses blockchain technology to provide secure payment solutions that assist in the settlement of financial transactions between banks at meager costs.
Furthermore, the benefit of Ripple is that transactions are quick and do not require time to authenticate. Simultaneously, the Ripple platform enables users to trade everything from currency to gold to cryptocurrencies.
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XRP’s integration into the US Digital Asset Stockpile has sparked discussions. President Trump called XRP a valuable cryptocurrency, prompting questions regarding its true utility and relevance compared to other digital assets.
Despite being designed for interbank settlements, XRP’s usage is minimal outside of specific services like On-Demand Liquidity. Its functions in Web3 are also limited, lacking advanced capabilities seen in networks like Ethereum.
The concentration of XRP with Ripple Labs raises concerns about potential market manipulation and stability. With more than half of the total XRP supply held by the company, its true independence as a cryptocurrency is questioned.
Ripple Labs has filed a trademark for “Ripple Custody,” indicating plans to enter the crypto custody market. This filing includes four specific use cases, hinting at future offerings, including a cryptocurrency wallet.
The demand for crypto custodians has rapidly increased, especially following the 2024 approval of US ETFs. Companies like Coinbase and Citi have intensified competition in this area, prompting Ripple’s entry.
The trademark application suggests Ripple’s strategy could involve supporting a variety of cryptocurrencies, not just its native XRP. This could enhance its service offerings in the growing digital asset space.
Crypto outflows reached 1.687 billion USD, with Bitcoin alone contributing 978 million USD over the past week, totaling 5.4 billion USD in five weeks. Despite this, XRP attracted 1.8 million USD in inflows, reflecting positive investor sentiment.
Outflows in the US accounted for approximately 1.16 billion USD, indicating a significant regional sentiment shift. However, year-to-date inflows remain at 912 million USD, suggesting pockets of resilience in the presently bearish environment.
Bitcoin ETFs have struggled significantly, nearly erasing their net inflows by March 2025. Positive inflows were recorded for only five days in February, highlighting ongoing investor sentiment issues.
Concerns over Bitcoin ETFs reflect broader market volatility. An increase in Bitcoin’s price failed to mask persistent outflows, with cumulative losses raising red flags among investors.
Asset managers are now shifting focus toward potential altcoin ETFs, including those for Litecoin, XRP, Solana, and Dogecoin, aiming to diversify and boost investor confidence in the crypto market.
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