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    Home»Cryptocurrency»Ripple (XRP) News Today: March 3rd
    Cryptocurrency

    Ripple (XRP) News Today: March 3rd

    CryptoGateBy CryptoGateMarch 3, 2026No Comments4 Mins Read
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    The sharp improve in XRP flowing to Binance hints that the value might head south within the close to time period.

    Ripple continues to attract consideration on account of essential developments regarding its total ecosystem.

    The corporate’s native token, XRP, has posted a minor restoration over the previous week, however some indicators counsel a renewed downfall could possibly be knocking on the door.

    Ripple & Hidden Highway

    The agency made the headlines in April final 12 months when it announced it could buy the brokerage platform Hidden Highway for a whopping $1.25 billion. The official conclusion of the deal occurred in October 2025.

    Some business contributors described the acquisition as a “recreation changer” as a result of it provides Ripple direct management over a major brokerage that processes over $3 trillion in quantity yearly. This makes it a lot simpler for banks, hedge funds, and different massive gamers to make use of XRP in settlements, thereby rising its institutional adoption.

    A current DTCC discover revealed that Hidden Highway has formally gone dwell on the Nationwide Securities Clearing Company (NSCC) on March 2nd. The X account BankXRP shared the information, arguing:

    “Ripple Prime’s function in bridging TradFi and DeFi will probably transfer post-trade quantity to the XRPL.”

    David Schwartz – one of many unique architects of the XRP Ledger and CTO Emeritus at Ripple – additionally touched upon the matter, saying that the event “appears essential.”

    RLUSD’s Progress

    Ripple’s stablecoin, dubbed RLUSD, formally noticed the sunshine of day in late 2024 and has been regularly advancing ever since. The product, pegged 1:1 to the US greenback, received backing from quite a few exchanges and famend banking establishments, such because the oldest American financial institution, BNY Mellon.

    You may additionally like:

    RLUSD’s market cap now nears $1.6 billion, with X consumer SMQKE just lately noting that the stablecoin has grown “a lot sooner” than Circle’s USDC in its first 12 months.

    A number of hours in the past, one other 69 million tokens had been minted on the RLUSD Treasury, with Vet emphasizing that that is the biggest single mint so far.

    The ETFs

    In November final 12 months, Canary Capital became the primary firm to launch a spot XRP ETF within the US, which has 100% publicity to the token. The famend names that adopted swimsuit shortly after embody Bitwise, Franklin Templeton, 21Shares, and Grayscale.

    Initially, the funding autos had been a serious success, with thousands and thousands of {dollars} pouring in through the first weeks, producing a cumulative internet influx of roughly $1.25 billion so far. Recently, although, that momentum has noticeably pale.

    Spot XRP ETFs, Supply: SoSoValue

    XRP Value Outlook

    As of this writing, Ripple’s native cryptocurrency trades round $1.35, representing a minor 1.5% improve on a weekly scale. Nevertheless, the market’s total bearish situation, in addition to sure indicators, trace {that a} new pullback could possibly be on the best way.

    For instance, virtually 500 million XRP (price round $650 million) have been transferred to Binance following the escalating navy battle between the USA and Iran. That is thought of a bearish issue as it might counsel that buyers are making ready to money out.

    Then again, XRP’s Relative Energy Index (RSI) has fallen to 30 on a weekly scale. The event signifies that the asset is oversold and could possibly be due for a short-term resurgence. The metric runs from 0 to 100, the place something above 70 is seen as bearish territory.

    XRP RSI
    XRP RSI, Supply: CryptoWaves

     

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