Ripple Rebounds; Stablecoin Launch And Burn Strategy Add Tailwind
Posted On May 23, 2025
Ripple (CRYPTO: XRP) jumped above $2.45, reclaiming a key psychological level. The rise follows news of the first U.S.-listed XRP futures ETF, a newly activated coin burn mechanism, and technical indicators that are aligning with the bullish shift in sentiment.
The rally follows a steady climb from $2.32. It is seeing a rising open interest and the launch of a euro-denominated stablecoin on the XRP Ledger, under the EU’s MiCA regulatory framework.
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Volatility Shares introduced the XRPI fund on the NASDAQ, marking the first futures-based ETF for XRP in the U.S. According to CoinDesk, the fund will allocate 80% of its assets to XRP futures contracts, giving institutional investors regulated exposure without requiring custody of the …
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