Global #XRP

Ripple Labs is reportedly preparing a major fundraising effort to purchase $1 billion worth of its XRP token to establish a dedicated Digital Asset Treasury (DAT),

After a challenging week that pushed XRP down to a low of $2.38, the digital asset is demonstrating significant recovery, fueled by a massive influx of capital.

The crypto market just weathered its largest liquidation event ever on Friday night, U.S. time, wiping out $16 billion in leveraged bullish bets across Bitcoin ($111,657.56), Ether ($3,836.70), XRP ($2.5041), Solana ($188.27), and other altcoins.

The XRP token is currently facing intense downward pressure driven by sustained selling from large holders, known as whales, alongside bearish signals from technical analysis.

The price of XRP moved just above $3.00 on Sunday, October 5, holding steady around its recent five-day average.

Recent ledger data shows that XRP has experienced a dramatic spike in on-chain payment volume, hitting 1.58 billion XRP in a single day.

XRP has successfully held above the $3.00 psychological mark, confirming a short-term price floor near $2.99 following elevated trading volumes spurred by institutional interest.

The Flare Network and Enosys Loans, in collaboration with Liquity V2, have announced the creation of the first-ever stablecoin backed by XRP.

On September 19, XRP launched its first U.S. spot ETF, the $XRPR ETF, which set a new record with $37.7 million in day-one trading volume.

According to market intelligence platform Santiment, Binance Coin (BNB) has emerged as the most-trending cryptocurrency of September 2025, surpassing Bitcoin (BTC).

XRP has become a focal point of the crypto market this week, experiencing a significant rally and a surge in speculative activity.

The U.S. market is set to witness a historic moment in crypto investing with the expected launch of spot exchange-traded funds (ETFs) for XRP and Dogecoin (DOGE) on Wednesday, September 18.