XRP surged more than 15% in the past 24 hours, extending the token’s seven-day gains to around 40%. This makes XRP the best-performing major, despite favorable regulatory developments for ether and demand for meme coins. Gains in the token started last week as traditional futures powerhouses CME and CF Benchmarks announced the debut of indices and reference rates for XRP. Watch "Chart of the Day": https://youtu.be/YPHoxGVZ9ng | CoinDesk
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As XRP prices nearly doubled after a pivotal court decision, there was one big loser: XRP futures traders. Coinglass data shows XRP-tracked futures traders racked up $58 million in losses as a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. We break down the data: https://www.coindesk.com/video/xrp-short-traders-notch-highest-losses-this-year-after-ripples-partial-win/?term=organic&utm_campaign=CoinDesk&utm_content=coindesk tv,chart of the day,ChartS
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XRP, which is among the world’s largest tokens by market capitalization, lost nearly all of its July gains in August, despite robust trade volume. Kaiko data shows Ripple's partial court win against the U.S. Securities and Exchange Commission in July sent XRP to a yearly high of $0.83, but now prices are back down to levels seen before the ruling. Watch Chart of the Day break down the data: https://www.coindesk.com/video/xrp-erases-nearly-all-july-gains-in-august-kaiko/?term=organic&utm_campaign
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