Overview
- XRP rose about 8% over the week to near $1.50 before easing to roughly $1.43, retaking the fourth spot with a market value near $91 billion.
- Research cited 291 million XRP settled on‑chain while only 1.36 million reached Binance, a split that points to transaction demand reducing the pool of coins available to sell.
- U.S. spot funds logged $13.74 million of net XRP purchases, lifting ETF assets to about $1.11 billion with most holdings reported as retail rather than institutional.
- Wrapped XRP launched on Solana with about $1.2 million minted, giving the token a path into Solana’s trading and lending apps.
- Markets jolted after Iran said Friday the Strait of Hormuz was open then signaled a closure Saturday, and traders now watch the April 22 ceasefire deadline and a late‑April Senate Banking Committee markup of the CLARITY Act.