XRP Surges 7% in Strongest Breakout in Weeks as Ripple Linked ETFs Go Live

Ripple has announced a rapid expansion strategy involving XRP and RLUSD, aimed at enhancing institutional collateral. This move is expected to bolster the company's position in the cryptocurrency market as it seeks to attract more institutional investors and partners.

XRP has seen a significant decline in open interest, dropping to its lowest level since November 2024, as reported by Binance. This downturn reflects heavy selling pressure amid a broader cryptocurrency market struggling with uncertainty and risk aversion, leading to tightening liquidity conditions.

Stellar's token has surged by 2.3%, breaking through the critical resistance level of $0.2460, driven by increased institutional flows and a notable rise in trading volume. This movement indicates a significant accumulation trend above the seven-day average, suggesting a potential shift in market dynamics.

Filecoin's price surged by 9% as it broke a downtrend, indicating a potential shift in market dynamics. This strong price movement occurred on below-average trading volume, suggesting a cautious but optimistic sentiment among investors.

U.S. Bank, the fifth-largest commercial bank in the U.S., is testing the issuance of custom stablecoins on the Stellar Network, marking a significant exploration of how traditional banking can integrate with public blockchain technology. This initiative reflects a growing interest in digital currencies among established financial institutions.

On-chain analyst James Check has warned that Bitcoin faces a potential political crisis alongside technical challenges if quantum computing technology advances. He emphasizes that the real danger lies in achieving consensus within the Bitcoin community rather than in the mathematical vulnerabilities of the cryptocurrency itself.

The price of TON has pulled back after an initial rally driven by the expansion of the Telegram ecosystem, with trading activity declining sharply as traders focus on key support levels near $1.50. This shift indicates a waning interest from buyers following a brief surge in demand.

Internet Computer (ICP) has successfully surpassed the critical resistance level of $4.20, accompanied by increased trading volume, indicating a potential upward momentum in its market performance. However, late-session consolidation has narrowed the gains achieved during this breakout.