Browsing: Altcoins

XRP (CRYPTO: XRP), the native token of the XRP Ledger, has declined more than 60% over the past 12 months. It lost its luster as fears of interest rate hikes, regulatory headwinds, and competition from stablecoins drove investors toward more conservative investments.

Ripple has spent the past three years buying its way into institutional finance, paying $1.25 billion for prime broker Hidden Road (now Ripple Prime), launching the RLUSD stablecoin, and picking up custody firms that serve banks. XRP (CRYPTO:XRP) holders have always bet that if Ripple wins that market, the coin at the center of it…

Ripple (XRP) rises toward the pivotal $1.10 resistance on Thursday, marking three consecutive days of gains. This neutral-to-slightly bullish outlook follows the Federal Reserve (Fed) decision to leave interest rates unchanged in the 3.50%-3.75% range.

On the institutional side, there are still net inflows in Bitcoin spot ETFs from asset managers, advisors, and family offices, with regulated products being a more preferred way to gain exposure without having to hold crypto. Based on the latest institutional survey from EY, Bitcoin ETFs have become more popular in recent times.