Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of
Main Idea
The XRP ecosystem is experiencing significant developments, including increased wallet addresses and open interest, large whale transactions, and a strategic partnership between Ripple and BNY Mellon for a new stablecoin.
Key Points
1. XRP’s total address count increased from 6.28 million to 7.12 million between January and H1 2025, while active addresses dropped by 42.2%.
2. XRP’s futures Open Interest surged to 800 million XRP before stabilizing at 743 million, marking a 33% increase from late June lows.
3. A whale moved 214.14 million XRP (valued at $500 million), making the recipient wallet one of the top holders on the XRP Ledger.
4. Ripple announced a partnership with BNY Mellon to serve as the primary custodian for reserves backing its new stablecoin, Ripple USD (RLUSD).
5. The collaboration aims to enhance institutional and retail use of RLUSD, improve transparency, and leverage BNY Mellon’s custody expertise.
Description
The XRP ecosystem is witnessing a flurry of developments that could significantly impact its future trajectory. From a sharp surge in new wallet addresses and XRP Open Interest to growing whale activity and a strategic partnership between Ripple and a leading banking company, these key events are ones that every investor and enthusiast should be aware of and closely monitor. XRP Wallet Addresses And Open Interest Skyrocket A recent H1 2025 report by Finbold reveals that the XRP network is seeing...
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