Latest news with #XRPs
Copts Today
22-07-2025
- Business
- Copts Today
Unveiling the Mystery Behind XRP"s Price Surge in Pounds
The cryptocurrency market has witnessed a remarkable event recently: the price of XRP against the xrp price pounds has skyrocketed. This sudden and significant increase has caught the attention of investors, traders, and market analysts alike. In this article, we will delve into the possible reasons behind this astonishing price surge. One of the key factors contributing to the rise in XRPs price against the pound is the positive regulatory news. In recent months, there have been signs of more favorable regulatory stances towards XRP in several countries. For example, some regulatory bodies have clarified the legal status of XRP, stating that it is not a security in certain contexts. This clarity has reduced the regulatory uncertainty that has long haunted XRP. As a result, more institutional investors, who were previously hesitant due to regulatory risks, are now more willing to enter the XRP market. In the UK, where the pound is the local currency, this new - found regulatory confidence has led to increased demand for XRP, driving up its price. XRPs underlying technology has also played a crucial role in its price increase. Ripple, the company behind XRP, has been continuously working on improving the XRP Ledger. New features such as faster transaction speeds, lower fees, and enhanced scalability have been introduced. These technological improvements make XRP a more attractive option for cross - border payments and remittances. In the UK, which has a large and active financial services sector, the efficiency of XRP for international transactions has been recognized. Financial institutions and payment service providers are increasingly exploring the use of XRP for their operations, leading to a surge in demand and subsequently, an increase in its price against the pound. Market sentiment and speculation can have a significant impact on cryptocurrency prices, and XRP is no exception. The recent price surge has created a sense of FOMO (fear of missing out) among traders and investors. Social media platforms and cryptocurrency forums are abuzz with discussions about XRPs potential. Positive news and price predictions from well - known analysts have further fueled the speculation. Traders are buying XRP in anticipation of further price increases, which in turn drives up the price. In the UK market, the combination of a growing interest in cryptocurrencies and the hype around XRP has led to a significant influx of capital into the XRP market, pushing up its value against the pound. Global Economic Factors Global economic factors also play a role in XRPs price movement against the pound. The UK economy, like many others around the world, has been facing various challenges such as inflation and currency fluctuations. In times of economic uncertainty, some investors turn to alternative assets like cryptocurrencies. XRP, with its potential for high returns and its perceived independence from traditional financial systems, has become an attractive option. Additionally, the weakening of the pound in the international market due to factors such as Brexit - related uncertainties and global economic trends has made XRP relatively more valuable when priced in pounds. This has contributed to the observed price surge. In conclusion, the recent surge in XRPs price against the pound is the result of a combination of positive regulatory developments, technological advancements, market sentiment, and global economic factors. As the cryptocurrency market continues to evolve, it will be interesting to see how these factors interact and whether the price of XRP against the pound will continue to rise.
Yahoo
20-06-2025
- Business
- Yahoo
3 Under-the-Radar Reasons XRP Might Outperform Bitcoin This Year and Beyond
XRP is being used by an increasing number of people. Those people are passing a much larger volume of money through the chain. The chain is also due for a very significant tech upgrade soon. 10 stocks we like better than XRP › Bitcoin (CRYPTO: BTC) towers over every other cryptocurrency like a digital Mount Everest, yet history shows that markets often reward assets that quietly gain traction while the spotlight points elsewhere. That dynamic may be playing out right now for XRP (CRYPTO: XRP) despite its decline of 7% during the last six months. A trio of fresh metrics suggests XRP's engine is revving harder than many investors realize. If the trends hold, it might even outperform Bitcoin in 2025 and perhaps well beyond, so let's take a moment to understand each. The more active crypto wallets there are on XRP's chain, the more users there are that are using it for its intended purpose. Wallets don't perfectly correlate with actual users, as people can have more than one wallet, but it's still a good proxy measure as every user does need at least one wallet to interact with the chain. XRP is flourishing on that front. In the first quarter of this year, the average daily active wallet addresses jumped by 142% quarter over quarter to 134,600, the fastest growth streak during the past two years. In contrast, on June 15, Bitcoin had about 705,000 active wallets, down from 841,905 wallets a year prior. So XRP's user base is almost certainly growing faster than Bitcoin's, which supports the idea that it might outperform. More unique senders and receivers mean broader ownership, deeper liquidity, and higher odds that new capital keeps flowing in rather than straight back out. If XRP's user base keeps growing at a rapid pace while Bitcoin's plateaus, the smaller coin's price could soar higher -- and faster. The rising number of wallets that exhibit some life is only half of the story. The other half is that the volume of payments and transfers processed using XRP is rising too, suggesting that real capital is moving across the chain. On June 10, there were 4.11 billion XRPs in payment volume within 24 hours, up from 295.67 million the day before, making for a jaw-dropping 1,300% surge. The network handled that surge without any technical difficulties, which is a significant accomplishment. It's dubious that most other payment-oriented chains could handle such a bolus of traffic without encountering slowdowns. More importantly, the spike coincided with speculation on social media of an imminent approval by regulators of an XRP exchange-traded fund (ETF). Nonetheless, even major catalysts like an ETF approval rarely drive a 12-fold jump in traffic on a chain unless large volumes of real money are moving. And rising payment volume signals growing commercial stickiness, which is another point in XRP's favor. It isn't reasonable to expect that the 4.11 billion figure becomes the new norm. ETF hype could fade, or users might throttle back their big transfers. But sustaining even a portion of the recent volume of on-chain payments would put meaningful upward pressure on XRP's price. XRP's final catalyst is technological. A long-anticipated Ethereum Virtual Machine (EVM) sidechain is slated for launch before Q2 ends, according to the chain's development roadmap. This will let developers deploy the same smart contract code that powers Ethereum's decentralized finance (DeFi) ecosystem but without abandoning XRP's rapid settlement times. In English, that means the chain's lending protocols, automated market makers (AMMs), and yield strategies can run on the sidechain while settling value back to the main ledger. Another important effect will be that developers who typically work on Ethereum applications -- which is to say the largest single segment of developers in the cryptocurrency sector -- will now also be empowered to develop apps that operate on XRP's ledger using a programming language that they're already fluent in. Thus, XRP's ecosystem could potentially experience an explosion of new projects and applications aiming to address all manner of different DeFi niches. Assuming the sidechain ships on schedule and early DeFi projects gain traction, XRP could layer programmable finance on top of its cross-border payment niche. That growth story would then offer a much broader set of potential revenue streams and network effects than before. Notably, Bitcoin isn't about to experience any such tech upgrades, nor is its growth narrative going to change much, so this is another factor driving XRP to grow faster. Of course, the sidechain's security, bridging risks, and the retention of developer interest are all elements that will need to pass muster during the coming quarters. But if the ledger's track record so far is any indication, those first two pieces of the puzzle will be taken care of to the satisfaction of investors and developers alike, which makes it more likely for talent to stick around too. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Alex Carchidi has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and XRP. The Motley Fool has a disclosure policy. 3 Under-the-Radar Reasons XRP Might Outperform Bitcoin This Year and Beyond was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
