{"id":139355,"date":"2026-03-03T14:08:31","date_gmt":"2026-03-03T14:08:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=139355"},"modified":"2026-03-03T14:08:31","modified_gmt":"2026-03-03T14:08:31","slug":"ripple-xrp-news-today-march-3rd","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=139355","title":{"rendered":"Ripple (XRP) News Today: March 3rd"},"content":{"rendered":"

Ripple continues to draw attention due to important developments concerning its entire ecosystem.<\/p>\n

The company\u2019s native token, XRP, has posted a minor recovery over the past week, but some indicators suggest a renewed downfall could be knocking on the door.<\/p>\n

Ripple & Hidden Road<\/h2>\n

The firm made the headlines in April last year when it announced<\/a> it would purchase the brokerage platform Hidden Road for a whopping $1.25 billion. The official conclusion of the deal occurred<\/a> in October 2025.<\/p>\n

Some industry participants described<\/a> the acquisition as a \u201cgame changer\u201d because it gives Ripple direct control over a prime brokerage that processes over $3 trillion in volume every year. This makes it much easier for banks, hedge funds, and other large players to use XRP in settlements, thereby increasing its institutional adoption.<\/p>\n

A recent DTCC notice revealed that Hidden Road has officially gone live on the National Securities Clearing Corporation (NSCC) on March 2nd. The X account BankXRP shared<\/a> the news, arguing:<\/p>\n

\u201cRipple Prime\u2019s role in bridging TradFi and DeFi will likely move post-trade volume to the XRPL.\u201d<\/p>\n

David Schwartz \u2013 one of the original architects of the XRP Ledger and CTO Emeritus at Ripple \u2013 also touched upon<\/a> the matter, saying that the development \u201cseems important.\u201d<\/p>\n

RLUSD\u2019s Progress<\/h2>\n

Ripple\u2019s stablecoin, dubbed RLUSD, officially saw the light of day in late 2024 and has been gradually advancing ever since. The product, pegged 1:1 to the US dollar, received<\/a> backing from numerous exchanges and renowned banking institutions, such as the oldest American bank, BNY Mellon.<\/p>\n

RLUSD\u2019s market cap now nears $1.6 billion, with X user SMQKE recently noting<\/a> that the stablecoin has grown \u201cmuch faster\u201d than Circle\u2019s USDC in its first year.<\/p>\n

Several hours ago, another 69 million tokens were minted at the RLUSD Treasury, with Vet emphasizing<\/a> that this is the largest single mint to date.<\/p>\n

The ETFs<\/h2>\n

In November last year, Canary Capital became<\/a> the first company to launch a spot XRP ETF in the US, which has 100% exposure to the token. The renowned names that followed suit shortly after include Bitwise, Franklin Templeton, 21Shares, and Grayscale.<\/p>\n

Initially, the investment vehicles were a major success, with millions of dollars pouring in during the first weeks, generating a cumulative net inflow of roughly $1.25 billion to date. Lately, though, that momentum has noticeably faded.<\/p>\n

<\/a>Spot XRP ETFs, Source: SoSoValue<\/p>\n

XRP Price Outlook<\/h2>\n

As of this writing, Ripple\u2019s native cryptocurrency trades around $1.35, representing a minor 1.5% increase on a weekly scale. However, the market\u2019s overall bearish condition, as well as certain indicators, hint that a new pullback could be on the way.<\/p>\n

For example, almost 500 million XRP (worth around $650 million) have been transferred<\/a> to Binance following the escalating military conflict between the USA and Iran. This is considered a bearish factor as it may suggest that investors are preparing to cash out.<\/p>\n

On the other hand, XRP\u2019s Relative Strength Index (RSI) has fallen to 30 on a weekly scale. The development indicates that the asset is oversold and could be due for a short-term resurgence. The metric runs from 0 to 100, where anything above 70 is seen as bearish territory.<\/p>\n

<\/a>XRP RSI, Source: CryptoWaves<\/p>\n

\u00a0<\/p>\n

The post Ripple (XRP) News Today: March 3rd<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ripple continues to draw attention due to important developments concerning its entire ecosystem. The company\u2019s native token, XRP, has posted a minor recovery over the past week, but some indicators suggest a renewed downfall could be knocking on the door. Ripple & Hidden Road The firm made the headlines in April last year when it […]<\/p>\n","protected":false},"author":0,"featured_media":139356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-139355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/139355"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=139355"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/139355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/139356"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=139355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=139355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=139355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}