Ripple XRP is trading at the $2.04 level on Friday and is a stone’s throw away from falling to $1.90. It had dipped to $1.99 in the day’s session and could go below the point during the weekend. The leading altcoins had several news items popping up this week, with a string of major developments.
Also Read: EGRAG: XRP Structure Not Bearish, Bullish Roadmap Remains Active
Ripple XRP Highlights That You Missed: A Roundup of the Recent Developments
- DAS’s Research paper has highlighted that XRP could act as a core global payments infrastructure after studying its cross-border transactions mechanism. The research paper also concluded that its low fees and faster settlements differentiate it from other payment systems.
- ETF inflows in XRP through Canary’s XRPC and REX-Osprey’s XRPR are approaching the $1 billion mark. The development highlights a strong institutional interest in Ripple’s altcoin.
- XRP is receiving regulatory clarity and institutional support under the Markets in Crypto-Assets (MiCA) framework.
- Wall Street has bet $500 million in Ripple’s IPO, but it comes with conditions for the protection of funds. Citadel Securities and Fortress Investment Group are among the biggest investors and also backed the firm at a $40 billion valuation.
- Ripple has also finalized the $200 million acquisition of the stablecoin platform RAIL. The move is expected to boost the fintech company’s prospects in the stablecoin sector.
- Hex Trust announced that it will issue custody-wrapped XRP (wXRP) to institutional clients. It will be backed by a ratio of 1:1 with Ripple’s native token. The launch of wXRP will see more than $100 million in total value locked, providing clients with immediate liquidity options.
- Ripple has successfully partnered with 300+ financial institutions across 45+ countries. They have settled payments worth close to $1.3 trillion with On-Demand Liquidity (ODL) by Q2 2025. All of these could boost the prospects of XRP and solidify its position in the charts in the long term.
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