crypto

Sage D. Young7/17/25

As XRP eyes all-time high, cofounder transfers $26 million worth of the token

The third-largest cryptocurrency is reattempting to surpass the all-time high it set more than seven years ago.

XRP is outpacing bitcoin, ethereum, and solana, jumping 8.2% in the last 24 hours and 32% in the past seven days, and is less than 5% away from its all-time high of $3.40 set in January 2018.

DLNews reported on Thursday that a wallet address identified as belonging to Ripple cofounder Chris Larsen sent $26 million worth of tokens to centralized exchange Coinbase on Tuesday, which strongly indicates an intention to sell.

XRP has seen $12.3 billion in 24-hour trading volume, a 186% increase from last week when the figure was at just under $4.3 billion, data from CoinGecko shows.

The last time XRP was at its current price point was around the time of the second inauguration of President Donald Trump. Since then, several firms have announced embracing an XRP-focused treasury strategy, two leveraged XRP ETFs have launched, and Ripple, the cross-border payments company associated with the cryptocurrency, applied for a national banking license.

Ripple co-founder cashes out $26m XRP as asset nears record highs

Ripple co-founder cashes out $26m XRP as asset nears record highs

DLNews reported on Thursday that a wallet address identified as belonging to Ripple cofounder Chris Larsen sent $26 million worth of tokens to centralized exchange Coinbase on Tuesday, which strongly indicates an intention to sell.

XRP has seen $12.3 billion in 24-hour trading volume, a 186% increase from last week when the figure was at just under $4.3 billion, data from CoinGecko shows.

The last time XRP was at its current price point was around the time of the second inauguration of President Donald Trump. Since then, several firms have announced embracing an XRP-focused treasury strategy, two leveraged XRP ETFs have launched, and Ripple, the cross-border payments company associated with the cryptocurrency, applied for a national banking license.

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crypto

Sage D. Young1/28/26

Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants.

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platform’s goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post.

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The token’s all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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