XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

Deep-pocketed investors have been busy accumulating massive amounts of XRP since September 20th, according to a popular crypto analyst. Ali Martinez tells his 72,900 followers on the social media platform X that crypto whales bought $286.7 million worth of XRP, the token used to operate Ripple Labs' payments platform, within 10 days.

Crypto Whales Gobble Nearly $300,000,000 Worth of XRP in Just 10 Days, Says Analyst

Ripple has received in-principle financial services license approval from the Dubai Financial Services Authority (DFSA).

Ripple Secures In-Principle License from Dubai Financial Services Authority

The price of XRP (XRP) is trading above the moving average lines after the breakout on September 14.

XRP Struggles Above $0.60 Support As Buyers Jump Back In

Recent activities include minting significant amounts of RLUSD, suggesting the testing phase might be wrapping up or moving into a more active phase of development.

Open Interest in XRP Zooms to $1B as Ripple Tests RLUSD Stablecoin

Internet Computer and Filecoin posted the steepest losses, down more than 6%.

CoinDesk 20 Performance Update: Index Posts Losses, but XRP Rises From Friday

A former lawyer with the U.S. Securities and Exchange Commission (SEC) anticipates the agency will challenge Judge Analisa Torres' decision regarding XRP in the Ripple lawsuit. The SEC views the ruling as flawed and is likely to submit an appeal before the approaching Oct. 7 deadline.

Lawyer Expects SEC to Challenge XRP Ruling as Appeal Deadline Approaches

The price of the Ripple or XRP coin (XRP) is in a sideways trend above the moving average lines. The cryptocurrency value used to range between $0.43 and $0.64.

XRP Fails At The $0.60 Barrier And Remains Stable

The Youtube channel of India's Supreme Court was compromised, promoting a scam involving XRP cryptocurrency instead of its usual live hearings. The breach temporarily shut down the channel, but services resumed later that day. Ripple CEO Brad Garlinghouse responded, condemning the exploitation of crypto users.

Supreme Court of India's Youtube Channel Hacked to Promote XRP Scam

Hackers hijacked the Indian Supreme Court's YouTube channel Friday to broadcast ads shilling XRP, the seventh-largest cryptocurrency.

India's Supreme Court YouTube Channel Hacked to Shill XRP Crypto Scam

The channel streams hearings of notable court cases but temporarily showed promotional videos of XRP and Ripple Labs before being taken down.

YouTube Page of India's Supreme Court Hacked to Promote XRP

Chinese authorities' recent actions to define crypto as a money laundering tool could influence the performance of its billion-dollar gaming industry. SCMP's Hugh Harsono argues that these measures may affect games like Metacene, which has introduced cryptocurrencies as in-game currency.

China's Anti-Crypto Policies Threaten to Ripple Through Its Gaming Market

Yellow Network is "creating a blockchain-agnostic mesh network that aggregates liquidity and lowers slippage,” said co-founder Louis Bellet.

Ripple Co-Founder Chris Larsen Leads $10 Million Round for DeFi Protocol Yellow Network

Ethereum

Pseudonymous crypto influencer Sistine Research shared three self-proclaimed “contrarian takes” on the future of certain cryptocurrencies, including Ripple (CRYPTO: XRP), Ethereum (CRYPTO: ETH) and the Maga Memecoin (CRYPTO: TRUMP) token. What Happened: The influencer outlined their belief that XRP, the digital currency associated with Ripple, is currently undervalued.

Trader Shares '3 Contrarian Takes:' TRUMP Meme Coin 'An Obvious Buy' And These 2 Cryptos Are 'Deep Value' And Will Be 'Outperforming Soon'

Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC's amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities.

SEC Regrets Confusion Over ‘Crypto Asset Securities' — Ripple and Coinbase Weigh In

The crypto asset management giant Grayscale launched a new XRP Trust after axing a similar product in 2021. The new trust is solely invested in XRP and offers investors a chance at exposure to “a protocol with an important real-world use case,” says Rayhaneh Sharif-Askary, Grayscale's head of product & research.

Crypto Asset Management Giant Grayscale Launches New XRP Trust After Axing Product in 2021

Bitcoin

Dogecoin

XRP started to rise on Thursday after investment fund Grayscale launched a professional fund that holds the token in the U.S., while DOGE gained on no apparent catalyst.

XRP, DOGE Lead Market Gains as Bitcoin Dips Under $58K

Worldcoin (CRYPTO: WLD) and XRP (CRYPTO: XRP) were among the biggest gainers Thursday even as the broader market moved sideways. What happened: WLD, the native currency of the blockchain-based identity verification project, popped more than 9%, emerging as the best-performing cryptocurrency in the last 24 hours.

Sam-Altman Founded Worldcoin Soars On OpenAI's o1 Announcement, XRP Rides On Grayscale Trust Launch

Grayscale Investments has created a new trust for XRP, allowing accredited investors to gain exposure to the cryptocurrency known for facilitating cross-border transactions. The Grayscale XRP Trust functions like other single-asset crypto investment vehicles, holding only XRP. Grayscale's head of product highlighted the potential of XRP to transform financial infrastructure.

Grayscale Launches XRP Trust — Cites Potential to Transform Legacy Financial Systems

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: eToro settles with SEC, Grayscale launches new XRP Trust, Standard Chartered predicts bitcoin new all-time high by year-end and more

Grayscale Investments has launched a new XRP Trust, marking the asset manager's return to XRP (CRYPTO: XRP) after dissolving its previous trust in January 2021. What Happened: The move comes following a July 2023 court ruling that XRP, when sold on secondary markets, does not constitute a security.

Grayscale Revives XRP Trust After 3-Year Hiatus

Ripple's XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF

Crypto asset manager Grayscale launched the XRP Trust, a new product giving investors exposure to the Ripple-aligned asset.

Grayscale Debuts XRP Trust Following Bitcoin and Ethereum ETF Launches

Grayscale launches first U.S. XRP trust, sparking 8% price surge and speculation about potential US XRP ETF.

XRP Trust Launched by Grayscale, Sparking Speculation of ETF in Future

After shutting one down in 2021, Grayscale is launching a new XRP fund so investors can gain exposure to the cryptocurrency.

Grayscale launches new XRP closed-end fund

NEAR also jumped 5.0%, joining Ripple as a top performer.

News for XRP Crypto (XRP)