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XRP trading has jumped by an impressive 134.9% as hot capital inflows reached about $2.17 billion, according to the latest Glassnode data. This really significant increase in XRP trading activity comes right now as short-term investment flows have climbed from around $0.92 billion on April 20 to $2.17 billion by April 28, which indicates renewed market interest amid the constantly shifting crypto market dynamics that we’re seeing at the time of writing. Also Read: Bessent Says Interest Rates, Gas Prices, and Mortgages Are Down – Here’s What That Means for You XRP Trading Soars Amid Whale Activity, Price Moves & Hot Inflows Source: Coinpedia Hot Capital Shows Renewed XRP Trading Interest The surge in XRP trading has been fueled by an influx of hot capital, which basically refers to crypto assets that are typically held for less than a week or so. Glassnode‘s Realized Cap by Age chart clearly shows this trend, with the darker areas representing short-term holdings expanding qu...

The XRP price dropped 5% in the last 24 hours to trade at $2.29 as of 00:58 a.m. EST on trading volume that surged 78% to $7.5 billion. This comes as top Ripple executives met with President-elect Donald Trump. Ripple CEO Brad Garlinghouse shared a picture of the firm’s senior executives with Trump, saying, “Great dinner with Donald Trump and Stuart Alderoty. Strong start to 2025!” Great dinner last night with @realDonaldTrump & @s_alderoty. Strong start to 2025! pic.twitter.com/UjM6lahUG4 — Brad Garlinghouse (@bgarlinghouse) January 8, 2025 The dinner comes on the eve of a crucial SEC vs. Ripple case deadline. The SEC is expected to file its appeal-related opening brief by January 15 if it plans to challenge the Programmatic sales of the XRP ruling.  In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test. Meanwhile, Ripple and Chainlink have announced a strategic alliance to inc...

The XRP price plummeted over 7% in the last 24 hours to trade at $2.23 as of 3:48 a.m. EST as investors dump their holdings in the crypto on the market. With the recent drop in the Ripple price, the crypto’s negative weekly performance has been pushed deeper into the red zone to more than 16%. XRP Price Stuck In A Bearish Channel 4-hour chart for XRP/USD (Source: GeckoTerminal) The XRP price has printed multiple lower lows and lower highs on the 4-hour chart in the last 24 hours, resulting in the formation of a negative price channel. Should this negative trend continue, the crypto might soon lose the support of the $2.1252 mark. Continued sell pressure could then lead to the XRP price falling to as low as $1.8319. On the other hand, traders identifying the current price as a buy opportunity could lead to a rebound. In this more bullish scenario, the altcoin might attempt to escape the bearish channel. Overcoming the upper boundary of this channel could then give the XRP p...