Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
$5,940,000,000 XRP Activity Surge Shocks Market as Price Flips Direction

$5,940,000,000 XRP Activity Surge Shocks Market as Price Flips Direction

CryptoNewsNetCryptoNewsNet2025/09/05 20:00
By:u.today

The crypto market saw whipsaw price action in the early Friday session, with various crypto assets seeing a surge in trading activity.

XRP likewise saw its volume rise as much as 44% to reach $6.57 billion, according to CoinMarketCap data.

$5,940,000,000 XRP Activity Surge Shocks Market as Price Flips Direction image 0

The broader crypto market rose in response to a weaker jobs report released Friday, which seemed to boost the potential of a rate cut in the upcoming Fed meeting scheduled for September.

Cryptocurrencies returned to green afterward, but the rise was shortlived, followed by a drop.

At press time, XRP was down 0.85% in the last 24 hours to $2.80 after reaching an intraday high of $2.88.

XRP news

CME futures recently gave a recap of August growth, which saw a record $36 billion in OI for Crypto futures and options. XRP stole the spotlight as it reached an all-time high in open interest as institutional activity expanded beyond Bitcoin.

Ripple CEO Brad Garlinghouse took to X to highlight the recent milestone, noting XRP's impressive surge in open interest: "Per CMEGroup data, XRP Futures contracts were the fastest-ever (just over 3 months) to hit $1B in open interest."

This week, the credentials amendment was activated on the XRP Ledger mainnet. Credentials (XLS-70) are designed to be a lightweight feature additive to the DID standard and are a framework for issuing, managing and verifying user credentials directly on the XRP Ledger. This standard introduces a new "Credential" ledger object along with new transaction types for creating, accepting and deleting credentials.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Beyond Trading: A Look at Star New Projects and Major Updates in the Solana Ecosystem

The Solana Breakpoint 2025 conference was truly spectacular.

BlockBeats2025/12/15 15:24
Beyond Trading: A Look at Star New Projects and Major Updates in the Solana Ecosystem

Quick Look at the 33 Winning Projects of the Solana Breakpoint 2025 Hackathon

Over 9,000 participants formed teams and submitted 1,576 projects, with a total of 33 projects winning awards. All of them are top industry seed projects selected from hundreds.

BlockBeats2025/12/15 15:24
Quick Look at the 33 Winning Projects of the Solana Breakpoint 2025 Hackathon

WEEX Labs: The Next Chapter for Memecoin, the Era of Flash Trends

In the era of rapid trends, memecoins have begun to shift from being a "joke" to becoming a "cultural index."

BlockBeats2025/12/15 15:23
WEEX Labs: The Next Chapter for Memecoin, the Era of Flash Trends
© 2025 Bitget