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The post OSL Hong Kong Lists XRP for Professional Investors Amid Signs of Sustained Market Interest appeared on BitcoinEthereumNews.com. OSL Hong Kong has listed XRP for professional investors, enabling deposits, withdrawals, and trading through pairs like XRP/HKD, XRP/USD, and XRP/USDT. This move supports Hong Kong’s regulated framework and reflects growing institutional interest in XRP amid ETF inflows exceeding $897 million. OSL Hong Kong launches XRP trading for professional investors under local licensing rules, expanding access to regulated digital asset services. XRP pairs including XRP/HKD, XRP/USD, and XRP/USDT are now available via Flash Trade, OTC channels, and the XRP Ledger. Market data from Santiment and SoSo indicates sustained accumulation by large holders, with $897.35 million in XRP ETF inflows despite a 32% market cap drop over two months. Discover how OSL Hong Kong’s XRP listing boosts professional trading options amid rising ETF interest. Explore key details, market insights, and implications for investors in this regulated expansion. What is the Significance of OSL Hong Kong Listing XRP? OSL Hong Kong’s listing of XRP marks a key expansion in regulated cryptocurrency trading for professional investors in the region. The exchange, licensed under Hong Kong’s Securities and Futures Commission, now supports XRP deposits, withdrawals, and trading through established pairs, enhancing accessibility via the XRP Ledger. This development aligns with broader institutional adoption trends, providing secure channels for cross-border transaction capabilities inherent to XRP. How Does OSL Hong Kong Facilitate XRP Trading? OSL Hong Kong enables XRP trading exclusively for professional investors, adhering to local regulatory standards that define eligibility based on financial expertise and net worth criteria. Trading pairs such as XRP/HKD, XRP/USD, and XRP/USDT became available this week, with operations routed through the platform’s Flash Trade for spot trading and OTC desk for larger transactions. Deposits and withdrawals integrate directly with the XRP Ledger, ensuring efficient settlement times of just a few seconds, as per blockchain specifications. The exchange’s official announcement emphasized…

The post XRP Dips 6% Yet Spot ETFs Draw Steady Inflows Amid Potential Consolidation appeared on BitcoinEthereumNews.com. XRP experienced a 6% price slip last week, yet spot ETF inflows exceeded $10 million, signaling robust investor confidence. This resilience stems from steady open interest and positive funding rates, indicating long-term holders are undeterred by short-term volatility in the XRP market. XRP spot ETF inflows reached $10.23 million daily, pushing total net assets to $861.32 million despite price dips. XRP traded near $2.02, with consistent buying even on quieter market days. Momentum indicators like RSI and CMF show weak but stable demand, with capital flow remaining slightly positive at 0.04. Discover why XRP’s 6% dip didn’t deter investors, with strong ETF inflows and steady open interest. Explore the latest XRP price action and market signals for informed decisions. What Are the Latest XRP ETF Inflows and Their Impact? XRP ETF inflows demonstrated impressive resilience last week, totaling over $10.23 million in daily net additions despite the token’s 6% price decline. This surge, highlighted by a peak of more than $240 million earlier in the period, underscores sustained institutional interest in XRP. Total net assets under management climbed to $861.32 million, reflecting a broader trend of accumulation amid market fluctuations. How Has XRP’s Price Action Evolved Amid Recent Volatility? XRP’s price action has shown a pattern of consolidation around the $2.05 level, retreating from recent highs as resistance at $2.10 consistently capped upward moves. Technical indicators reveal a cooling but controlled environment: the Relative Strength Index (RSI) indicated subdued momentum without entering oversold territory, while the Chaikin Money Flow (CMF) hovered near 0.04, suggesting modest positive capital inflows. Data from TradingView illustrates this stability, with XRP positioned below the 20-day Exponential Moving Average (EMA) at $2.29, yet avoiding panic selling. According to market analysts at SoSoValue, such indicators point to a healthy pause rather than a bearish reversal. This phase…

The post GBP trades firmly against US Dollar appeared on BitcoinEthereumNews.com. Pound Sterling trades firmly against US Dollar ahead of Fed’s policy outcome The Pound Sterling (GBP) clings to Tuesday’s gains near 1.3640 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair holds onto gains as the US Dollar remains on the back foot amid firm expectations that the Federal Reserve (Fed) will cut interest rates in the monetary policy announcement at 18:00 GMT. At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto losses near a fresh two-month low of 96.60 posted on Tuesday. Read more… UK inflation unchanged at 3.8%, Pound shrugs The British pound is unchanged on Wednesday, trading at 1.3645 in the European session. Today’s inflation report was a dour reminder that UK inflation remains entrenched. CPI for August was unchanged at 3.8% y/y, matching the consensus and its highest level since January 2024. Airfares decreased but this was offset by food and petrol prices. Monthly, CPI rose 0.3%, up from 0.1% in July and matching the consensus. Core CPI, which excludes volatile items such as food and energy, eased to 3.6% from 3.8%. Monthly, core CPI ticked up to 0.3% from 0.2%. The inflation report comes just a day before the Bank of England announces its rate decision. Inflation is almost double the BoE’s target of 2% and today’s release likely means that the BoE will not reduce rates before 2026. Read more… Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-trades-firmly-against-us-dollar-ahead-of-feds-policy-outcome-202509171209