Ripple's RLUSD reserves have been disclosed for the first time, showing a total outstanding supply of 77,208,201 RLUSD with reserves valued at $83,214,671 as of December 31, 2024. The stablecoin maintains a 1:1 peg to the U.S. dollar with a 107.77% coverage ratio, primarily backed by: U.S. Treasury Bills: $30,095,603 Other Assets: $30,119,460 Cash Deposits: $22,978,696 Accrued Interest: $20,912 Ripple's stablecoin reserves are held in FDIC-insured bank accounts and government-backed money market funds, ensuring liquidity and transparency. Independent third-party audits will be published monthly to maintain trust and oversight. This disclosure reinforces Ripple’s claim that RLUSD is fully backed by dollar reserves, making it a secure and compliant stablecoin for institutional and retail users. Ripple CEO Brad Garlinghouse has confirmed that he held discussions with U.S. President Donald Trump about integrating XRP into the U.S. strategic digital asset reserve. Garlinghouse ...

  The debate over the formation of a U.S. national digital asset reserve has intensified, with Ripple CEO Brad Garlinghouse advocating for the inclusion of multiple cryptocurrencies instead of limiting the reserve to Bitcoin alone. His stance has sparked controversy within the crypto community, particularly among Bitcoin maximalists who argue that BTC should be the only asset in the reserve. Garlinghouse Calls for Collaboration Over Competition Brad Garlinghouse has been vocal about the need for a diversified government-backed digital asset reserve, emphasizing that the cryptocurrency industry should not be a "zero-sum game." In a recent discussion, he argued that instead of competing, different digital assets should coexist and contribute to the sector’s overall growth. “If a government digital asset reserve is created, I believe it should be diversified. It should include more than just one token, whether it’s BTC, XRP, or any other,” Garlinghouse stated. As Ripple continue...

  XRP has recently slipped below the crucial $3 mark, triggering concerns among investors and traders. This drop signals a potential shift in momentum, with analysts closely watching key support levels to assess whether the asset can rebound or face further declines. As of now, XRP is trading around $2.185, positioning itself at a critical juncture. Key Support and Resistance Levels to Watch The breakdown below $3 has transformed a significant support level into resistance. For XRP to regain its bullish stance, it must reclaim this level with substantial buying volume. Meanwhile, three major price points will likely determine its next move: $2.62 – 50-Day Moving Average This level has historically acted as support during previous corrections. A bounce here could indicate a potential reversal. However, failure to hold above this zone may result in deeper declines. $2.03 – 100-Day Moving Average This is a more substantial support level that could attract buyers looking for a stable e...

  JPMorgan anticipates that a spot-based XRP exchange-traded fund (ETF) could attract between $3 billion and $8 billion in inflows. The projection is based on the success of Bitcoin and Ethereum ETFs, which currently hold 8% and 3% of their respective market caps. Ripple's Monica Long and prominent ETF analysts believe XRP could be next in line for ETF approval, following Bitcoin and Ethereum. The Ripple Effect Ripple CEO Brad Garlinghouse expressed optimism about the inevitability of an XRP ETF. Industry players like Bitwise and WisdomTree are already preparing proposals, with analysts forecasting potential approval by 2025. Polymarket users estimate a 59% likelihood of XRP ETF approval within the year, with a 50% chance by July 31. Challenges Ahead While optimism grows, regulatory hurdles persist. The U.S. SEC, currently under scrutiny for its approach to cryptocurrency regulation, has yet to greenlight XRP ETF proposals. With SEC Chair Gary Gensler stepping down and a pro-crypto...

    Ripple CEO Brad Garlinghouse has announced that the company now owns over $100 billion worth of XRP , marking a significant milestone for the blockchain-based payments firm. The revelation highlights Ripple’s dominant position in the cryptocurrency ecosystem, especially as the company navigates shifting regulatory landscapes and rising demand for its solutions. Ripple’s $100 Billion XRP Holdings In a recent interview, Garlinghouse confirmed Ripple's ownership of over 72% of the total issued XRP tokens, translating to a valuation exceeding $100 billion. This far surpasses earlier estimates of Ripple’s worth, including a 2024 valuation of $11 billion . Garlinghouse pointed out that such figures no longer reflect the true value of Ripple when its substantial XRP holdings are taken into account. This positions Ripple ahead of major players like MicroStrategy in terms of digital asset holdings, reinforcing its importance in the cryptocurrency market. While MicroStrategy holds a...

  XRP has started 2025 with an impressive rally, gaining 11.92% on January 1 , and continuing to surge in the days following. The cryptocurrency associated with Ripple is now trading above $2.37 , showing strong bullish momentum. Here’s what’s fueling the surge and what lies ahead for XRP. Key Factors Driving XRP’s Rally 1. Increased Network Activity and Transaction Volumes Recent data shows heightened activity within the XRP ecosystem: Payment Volume Surge : XRP’s transaction volume from wallet to wallet reached multi-week highs. Escrow Release : Ripple moved 500M XRP tokens (worth over $1 billion) from escrow into a new wallet, which included a note referencing the upcoming inauguration of Donald Trump on January 20, sparking excitement within the market. 2. Open Interest Spikes XRP’s futures open interest increased by 25% in the first two days of January, rising from $1.86 billion to $2.37 billion . This indicates new money entering the market, with long positions dominatin...