Ripple (XRP) News Today: February 17th
XRP has skilled a big decline over the previous few months, but curiosity within the asset (and the corporate behind it) stays high.
In the next strains, we’ll contact upon the newest and most intriguing developments surrounding Ripple’s ecosystem.
Investors Want In?
Ripple’s international occasion, XRP Community Day, which is devoted to the neighborhood of proponents, builders, and holders, was held final week. It introduced collectively quite a few executives and well-known figures from the crypto trade to debate XRP’s rising utilization, institutional adoption, and different trending matters.
One participant was Rayhaneh Sharif-Askary (Head of Product & Research at Grayscale), who disclosed that advisors on the digital asset supervisor are “continually requested” by purchasers about XRP. She added that, in some circumstances, Ripple’s cross-border token is the second-most mentioned asset after Bitcoin (BTC).
Grayscale is among the many corporations that launched a spot XRP exchange-traded fund (ETF) with 100% publicity to the coin. This occurred in late 2025, shortly after Canary Capital became the primary to launch such a product within the United States.
Grayscale’s funding car, dubbed GXRP, drew robust curiosity after its debut, with day by day web inflows topping $30 million on a number of events. However, over the previous few weeks, the development has shifted, with frequent damaging netflows.
RLUSD Outperforms USDC on This Front
Ripple’s stablecoin, known as RLUSD, noticed the sunshine of day in December 2024 and has since made vital progress. The product, pegged 1:1 to the American greenback, gained help from many exchanges and famend banking establishments, together with the oldest US financial institution, BNY Mellon.
Earlier this 12 months, the London-based fintech firm LMAX Group partnered with Ripple to combine RLUSD into its institutional buying and selling infrastructure, whereas Zand (a financial institution within the UAE) additionally embraced the token.
RLUSD’s market cap has exceeded $1.5 billion, a big milestone given its comparatively brief historical past. X consumer SMQKE revealed that the product has grown “a lot quicker” than Circle’s USDC in its first 12 months.
XRP Price Outlook
The previous week has been fairly turbulent for Ripple’s native cryptocurrency, with its valuation starting from $1.35 to $1.66. Currently, it trades at roughly $1.45, representing a 2% day by day decline.
It is essential to notice that the surge to the native high occurred over the weekend and was short-lived, prompting some analysts, resembling Ali Martinez, to explain the 2-week candle closure as a headstone doji. This is a candlestick sample during which the worth spikes through the interval however closes close to the place it began, resembling an upside-down “T.” Martinez noted that the final time this formation appeared on the weekly chart, XRP’s worth dropped by 46%.
Other analysts take a extra optimistic view. X consumer BitGuru believes XRP is “popping out of a chronic downtrend” and is making an attempt to reclaim key help at roughly $1.50. Should it succeed, a restoration to $1.80-$2 is feasible, they predicted.
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