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 <h2 id="xrp-opens-sept-with-on-chain-activity-spike">XRP Opens Sept With On-Chain Activity Spike</h2> 
 <p>Despite continued legal problems on the ongoing SEC lawsuit, XRP’s on-chain metrics have been improving. Data from the crypto analysis platform Santiment recently revealed notable milestones that could have a beneficial impact on the token’s worth. On-chain volume for XRP reached a seven-month high on September 2nd, totaling an astounding 4.8 billion.</p>  
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 <p>The circulation of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> increased to 2.03 billion at the same time, reaching a three-month high and signaling more activity and involvement within the token’s ecosystem. The data from Santiment also reveals a considerable rise in development activity within the <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> community.</p> 
 <p>These metrics demonstrate active network activity for <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>, indicating the rising adoption and involvement in the crypto ecosystem. The token’s community is eagerly eyeing a crucial milestone, the token’s ascent to the $1 mark. Currently trading at $0.5053, <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price has demonstrated resilience with only a marginal 0.59% decrease in the last 24 hours.</p> 
 <p>Adding to the positive momentum, Coinglass data indicates that <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>’s Open Interest witnessed an $8 million increase in the early days of September. Open Interest, a bullish sign that shows that price speculators are adding new money to the <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> Futures markets, measures the value of active derivative contracts for an asset.</p>  
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 <h2 id="can-xrp-become-a-global-reserve-currency">Can XRP Become A Global Reserve Currency?</h2>  
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 <p>Amidst the backdrop of the positive data, Ripple’s Chief Technical Officer Schwartz hinted at the idea of XRP being a global reserve currency during a recent X space event and said that the U.S. dollar is in trouble around the world.</p> 
 <p>Additionally, pro-<a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> tweeter Crypto Eri said in a tweet that she doesn’t depend on the “efforts of Ripple” to raise the price of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>. She asserted that the cryptocurrency corporation hasn’t done anything to expand the token given that it only has a “single-digit impact on volume.”</p> 
 <p>However, it is important to note that the token’s price rose significantly as a result of Judge Analisa Torres’ decision in Ripple’s favor. Within hours following the verdict, the token increased by almost 23% and reached a high of $0.9 as a result of the decision.</p> 
 <p>With heightened on-chain activity, a surge in development, Ripple’s recent victory against SEC, and increased Open Interest, <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>’s prospects for reaching the pivotal $1 mark appear promising. These optimistic indications suggest that the token is well-positioned for potential increases despite regulatory challenges, fostering hope among its devoted group of supporters.</p> 
 <p>Also Read: Crypto Market Makers Switches To Safe Strategy To Survive Another Turmoil</p> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/whale-transfers-40-mln-xrp-from-binance-to-unknown-wallet-tbt61584.html">https://thebittimes.com/whale-transfers-40-mln-xrp-from-binance-to-unknown-wallet-tbt61584.html</a></p>

Whale Transfers 40 Mln XRP From Binance To Unknown Wallet

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