XRP News Today: XRP Payments Explode, Ripple Taps APAC Market While Circle IPO Sparks U.S. Crypto Hopes
The post XRP News Today: XRP Payments Explode, Ripple Taps APAC Market While Circle IPO Sparks U.S. Crypto Hopes appeared on BitcoinEthereumNews.com. In a week marked by pivotal developments in both global markets and the blockchain sector, XRP has emerged as one of the most active cryptocurrencies, with on-chain payment activity seeing a dramatic spike. Meanwhile, Ripple, the firm behind the XRP ledger, is making strategic moves across the Asia-Pacific region and expressing optimism over potential regulatory shifts in the U.S., following the success of Circle’s IPO. XRP Payment Volume Surges Over 117% XRP has captured attention with a staggering 117.41% increase in daily payment transactions, according to data from XRPSCAN. On June 9, XRP payments jumped from around 500,000 to over 1.1 million, marking a monthly high. This surge occurs despite relatively flat XRP price action, with the token currently hovering around $2.29 at the time of writing. XRP payment activity soared past 1.1 million on June 9, marking its highest monthly level. Source: XRPSCAN The total XRP payment volume also climbed past 430 million, indicating increased transactional demand across Ripple’s ecosystem. Although the specific trigger for this spike remains unclear, analysts suggest growing institutional activity and internal exchange settlements may be contributing factors. This spike in usage is renewing optimism in the XRP market, despite price action remaining consolidated. According to CoinMarketCap, XRP is down just under 1% over the last 24 hours. Still, market participants interpret the rise in transactional volume as a strong bullish signal for the medium term. Ripple Deepens Asia-Pacific Investments As on-chain usage for XRP continues to increase, Ripple is also doubling its bet on blockchain development in the Asia-Pacific (APAC) region. Via its University Blockchain Research Initiative (UBRI), Ripple has committed another $5 million across several countries in Japan, South Korea, Singapore, Australia, and Taiwan. Ripple teams up with Web3 Salon to accelerate the growth of emerging digital asset startups. Source: Cryptobless via X…
The post XRP News Today: XRP Payments Explode, Ripple Taps APAC Market While Circle IPO Sparks U.S. Crypto Hopes appeared on BitcoinEthereumNews.com.
In a week marked by pivotal developments in both global markets and the blockchain sector, XRP has emerged as one of the most active cryptocurrencies, with on-chain payment activity seeing a dramatic spike. Meanwhile, Ripple, the firm behind the XRP ledger, is making strategic moves across the Asia-Pacific region and expressing optimism over potential regulatory shifts in the U.S., following the success of Circle’s IPO. XRP Payment Volume Surges Over 117% XRP has captured attention with a staggering 117.41% increase in daily payment transactions, according to data from XRPSCAN. On June 9, XRP payments jumped from around 500,000 to over 1.1 million, marking a monthly high. This surge occurs despite relatively flat XRP price action, with the token currently hovering around $2.29 at the time of writing. XRP payment activity soared past 1.1 million on June 9, marking its highest monthly level. Source: XRPSCAN The total XRP payment volume also climbed past 430 million, indicating increased transactional demand across Ripple’s ecosystem. Although the specific trigger for this spike remains unclear, analysts suggest growing institutional activity and internal exchange settlements may be contributing factors. This spike in usage is renewing optimism in the XRP market, despite price action remaining consolidated. According to CoinMarketCap, XRP is down just under 1% over the last 24 hours. Still, market participants interpret the rise in transactional volume as a strong bullish signal for the medium term. Ripple Deepens Asia-Pacific Investments As on-chain usage for XRP continues to increase, Ripple is also doubling its bet on blockchain development in the Asia-Pacific (APAC) region. Via its University Blockchain Research Initiative (UBRI), Ripple has committed another $5 million across several countries in Japan, South Korea, Singapore, Australia, and Taiwan. Ripple teams up with Web3 Salon to accelerate the growth of emerging digital asset startups. Source: Cryptobless via X…
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