XRP
Why XRP is up 2.1% today
Analysis
XRP rose 2.1% over the past 24 hours as investors reacted to adoption-focused headlines around the XRP ecosystem. U.Today reported that SBI issued bonds with payouts in XRP, a development that can be read as incremental institutional usage of the asset.
Contributing Factors (3)
SBI Issues Bonds Payout in XRP
SBI Holdings has announced the launch of on-chain security token bonds that offer XRP payments to investors while utilizing XRP Ledger.
Ripple Exec Reveals Launch of Tokenized Properties Trading on XRP Ledger
Senior Ripple executive has disclosed the launch of controlled secondary market trading for tokenized real estate on the XRP Ledger in Dubai.
Ripple CEO: XRP Is 'Best Performing' Major Crypto
Ripple CEO Brad Garlinghouse has lauded XRP as the "best performing" major digital asset during the current market correction.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.