"XRP ( CRYPTO: XRP) is trading at $1.4731 on Monday, up 2.6% from where it traded a week ago. Overall, the token trades 19.6% below its January 1 price and 59% from where it traded during July. Looking across the broader crypto space, Bitcoin ( CYPTO: BTC) is trading at $68,674 after declining 2.3% for the week, while Ethereum fell 6.5% to $1,967."
"Ripple announced three significant partnerships during the week, yet XRP declined on each announcement. On February 11, the company secured a deal with Aviva Investors to tokenize traditional fund structures on the XRP Ledger. XRP dropped 1% that day. The prior day brought news of a partnership with UAE digital bank Zand for stablecoin solutions, yet the token fell 2%."
XRP traded at $1.4731 on Monday, up 2.6% from a week earlier and outperforming other major cryptocurrencies. The token remains 19.6% below its January 1 price and 59% below its July level. Bitcoin and Ethereum fell over the week, with Bitcoin at $68,674 and Ethereum at $1,967. XRP experienced sharp weekend volatility, spiking to $1.6705 on Sunday before dropping to $1.4439 on heavy volume. Ripple announced three institutional partnerships during the week, yet XRP fell on each announcement, highlighting a disconnect between infrastructure deals and immediate token gains. CEO Brad Garlinghouse stated 'XRP Is The North Star.'
Read at 24/7 Wall St.
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