Business

The Tokyo-listed company has launched a buyback program of 13% of its shares to improve shareholder value and optimize capital efficiency.

The near $100 spike on rival DEX Lighter was not whale activity but an automated trading error that highlighted the challenges of maintaining transparency and usability on decentralized exchanges.

The increase in open interest from $25 billion to nearly $30 billion reflects the arrival of new leverage in the market – a double-edged sword that could amplify bullish momentum above $112,000 but increase liquidation risks below $110,000, one analyst noted.

Onchain data shows a decline of approximately 3.36% in foreign exchange reserves since the beginning of October – a historically bullish signal linked to accumulation.

Institutional positioning and derivatives data indicates growing speculative interest, with futures activity up 9% in the past 24 hours.

XRP now has a market cap of $157.6 billion, slightly behind BNB’s $161 billion.

The token has support at $1.625 and resistance at the $1.634-$1.685 zone.

Flows have been largely bearish since the October 10 crash.

Traders are betting on a Trump-Xi breakthrough and a dovish pivot from the Fed to restart “Uptober,” even as markets remain cautious that rare earth restrictions and a U.S. shutdown could spoil the recovery.