XRP news

XRP plunged to a 15‑month low near $1, sparking a $2.2 billion whale buying spree as large holders snapped up more than 1.6 billion tokens during the dip. Long‑term holders are pulling back while derivatives show a $399 million short bias, leaving the price teetering on $1.42 support; a break could trigger liquidations, but continued whale buying could lift the token toward $1.91 or $2.00.

Hyperliquid’s HYPE token rose 41.5% over the past two weeks, spurred by Ripple’s inclusion of the DEX on its institutional Prime brokerage platform and an 88% cut to the monthly token unlock, slashing sell pressure. Despite a broader crypto sell‑off and a drop in prediction‑market odds, analysts attribute the rally to real utility—Hyperliquid’s derivatives infrastructure, upcoming HIP‑4 outcome‑trading and non‑crypto market expansion—while retail sentiment remains cautiously optimistic.

XRP rebounded nearly 20% after a steep sell‑off that wiped 36% of its value, driven by whale accumulation of over 230 million tokens in 48 hours, worth more than $335 million at current prices. This buying pressure has cut circulating supply and helped restore confidence. Whale buying coincided with a 51.5% surge in first‑time transacting addresses—5,182 new wallets, the highest in about two and a half months—injecting fresh capital rather than recycling liquidity, which bolstered the rally. The token trades near $1.46, just below $1.47 resistance. A move to $1.70 is seen as attainable, but failure to break $1.58 could trigger a drop to $1.37 or even $1.28, undermining the bullish case.

CoinDesk 20 index rose 6.7% to 1944.26, led by XRP’s 20.1% jump and HBAR’s 13.1%. All 20 assets traded higher, with the laggards AAVE up 1.9% and BNB up 3.0%. The index, traded globally, reflects broad‑based gains across the market.

Ripple announced institutional DeFi building blocks on XRP Ledger, positioning XRP as key settlement and bridge asset for regulated finance. The roadmap highlights existing features—multi‑purpose token standards, permissioned domains with compliance tooling, credential‑backed access and batch transactions—and upcoming releases like the lending protocol XLS‑65/66, privacy‑preserving confidential transfers, and an EVM sidechain via Axelar. The plan aims to embed identity and control at protocol layer, enabling tokenized collateral, native lending, stable‑coin corridors, and remittance flows, while the new sidechain lets Solidity developers access XRPL liquidity and identity.

CoinDesk’s daily market update reports the CoinDesk 20 Index fell 6.6% to 2,006.57, its first decline since 4 p.m. ET. None of the 20 assets recorded gains; leaders AAVE and SOL slid over 5%, while laggards XRP fell 12.2% and SUI down 9.5%. The index is traded on multiple global platforms.

Hex Trust expanded partnership with Flare to give institutional clients a custodial route into XRP DeFi, enabling minting/redeeming FXRP while keeping assets under custody. FXRP is a wrapped XRP on Flare, allowing use in smart-contract apps without moving underlying asset. Hex's policy engine supports multi-approval flows, and Flare added lending markets for FXRP, offering yield and collateral options.

Bitcoin fell below $70,000, sparking a broad selloff that wiped more than $1 billion of crypto positions. The price slid to lows unseen since the November 2024 election, dragging Ethereum to a 7% loss near $2,065, XRP down 14% to $1.35, and other tokens such as Cardano, BNB, Solana and Dogecoin into the red. On‑chain data show a surge in forced liquidations, with over $120 million wiped in one hour and $1.06 billion in 24 hours. Long positions dominated the losses, especially Bitcoin‑linked contracts, while short positions suffered only $6 million.

Evernorth Holdings holds 473,276,430 XRP, worth ~$684.7 million, and has incurred over $380 million in unrealized losses as prices slip below $1.50. Other digital‑asset treasuries face similar losses—BitMine nearly $7 billion in ETH, Strategy over $4 billion in Bitcoin—making new capital difficult and risking forced sales. Retail optimism, Ripple’s new integrations, and falling Binance open interest create a window for recovery, yet XRP would need a 70% rise to offset Evernorth’s loss, demanding a market rebound.

On Feb. 4, the XRP Ledger (XRPL) activated the highly anticipated Permissioned Domains with 91% validator approval. At first glance, the approval appears contradictory, as it involves a public blockchain hosting “permissioned” zones.