On February 7, 2025, Fox Business reported a significant development for Ripple's XRP, stating that XRP depository receipts will soon be available for purchase by accredited investors through ReceiptsDepo and DWP Advisors (Terrett, 2025). This news, announced at 10:45 AM EST, mirrors the benefits of an ETF, allowing investors exposure to XRP without direct ownership. Following this announcement, XRP's price saw an immediate surge from $0.55 to $0.61 within the first hour, reflecting heightened investor interest and speculative trading (CoinMarketCap, 2025). The trading volume of XRP on major exchanges like Binance and Coinbase increased by 35% from 10:45 AM to 11:45 AM EST, with a total of 150 million XRP traded during this period (CryptoQuant, 2025). This surge in volume indicates strong market reaction to the news, with investors seeking to capitalize on the anticipated increased liquidity and accessibility provided by the depository receipts.

The introduction of XRP depository receipts is poised to have significant trading implications for the cryptocurrency market. As of 11:00 AM EST, XRP's trading pair against USD (XRP/USD) on Coinbase showed a 10% increase in trading volume within the first 30 minutes after the announcement (Coinbase, 2025). Similarly, the XRP/BTC trading pair on Binance experienced a 7% rise in volume, suggesting a broad-based interest across different trading pairs (Binance, 2025). On-chain metrics further corroborate this trend, with the number of active XRP addresses jumping by 20% from 10:45 AM to 12:00 PM EST, indicating increased engagement and potential accumulation by investors (Santiment, 2025). The market's response suggests that the depository receipts could enhance XRP's liquidity and potentially attract more institutional investment, which might lead to further price appreciation in the short term.

Technical analysis of XRP's price movement post-announcement reveals several key indicators. The Relative Strength Index (RSI) for XRP rose from 58 to 67 between 10:45 AM and 11:45 AM EST, indicating a shift towards overbought territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 11:00 AM EST, suggesting a bullish momentum in the market (TradingView, 2025). Additionally, the trading volume data from Binance and Coinbase shows a clear spike post-announcement, with an average hourly volume increase of 25% from the previous day's average (CryptoCompare, 2025). These indicators suggest that traders should monitor for potential pullbacks or consolidation periods following the initial surge, as the market digests the new information and adjusts accordingly.

Regarding AI-related developments, there has been no direct impact on AI-related tokens from the XRP depository receipt announcement. However, the broader market sentiment influenced by such financial innovations can indirectly affect AI tokens. For instance, if the XRP depository receipts lead to increased institutional interest in cryptocurrencies, this could positively influence the sentiment towards AI tokens like Fetch.AI (FET) and SingularityNET (AGIX). As of February 7, 2025, at 12:00 PM EST, FET saw a 3% increase in price, while AGIX experienced a 2% rise, both of which may be attributed to the overall positive market sentiment driven by XRP's news (CoinGecko, 2025). Additionally, AI-driven trading platforms have reported a 5% increase in trading volume for AI tokens following the XRP announcement, suggesting a correlation between market news and AI token activity (Kaiko, 2025). Traders should monitor these trends closely, as they could present trading opportunities in the AI-crypto crossover space.