More than 1,114 XRP were permanently removed from circulation within a single day, according to data from XRPScan, signaling a recent surge in network activity.
XRP burn rate jumps sharplyData showed that 1,114.97 XRP were burned as transaction fees on October 23, representing a 27.5% increase from the previous day’s total of 874.27 XRP. This marked the highest daily burn rate recorded in more than two weeks. The spike comes after a period of subdued activity on the XRP Ledger, with the 30-day average standing at 808.1 XRP burned daily.
DateXRP BurnedOctober 22874.27October 231,114.9730-day Average808.1The current surge in daily burn activity follows the largest spike this month, when more than 8,000 XRP were removed from supply on October 2. Since then, the number of tokens burned each day has continued to fluctuate, influenced by broader trends in network utilization.
Increased network participationThe XRP Ledger, the decentralized infrastructure that facilitates XRP transactions, reduces the total supply by automatically burning a small amount of tokens as a transaction fee with each operation. This process provides not only a check on spam but also makes the asset incrementally more scarce as the network sees higher activity.
Mini dictionary: XRPScan is a third-party blockchain explorer that provides real-time transaction data and analytics for the XRP Ledger, helping users monitor network activity and onchain metrics.
Historically, spikes in the burn rate reflect an uptick in transactions processed on the network. The mechanism not only demonstrates user engagement but can also influence sentiments about XRP’s scarcity in the market.
Network data revealed that a sharp increase in XRP token burns coincided with a noticeable uptick in onchain activity, pushing daily burned amounts well above recent averages.
Market implicationsAlthough XRP’s price has shown mixed movement in recent sessions, analysts often interpret increased burn rates and network activity as constructive signals for the asset’s outlook. While higher burn levels do not directly cause price rises, they contribute to increased scarcity over time, which can positively impact long-term demand.
The XRP Ledger’s use of transaction-based burning continues to offer a transparent method of supply reduction, with daily figures serving as an important real-time indicator of network usage.
Chris Larsen vedl seedové investiční kolo do Yellow Network v hodnotě 10 milionů USD; síť následně integrovala XRPL EVM Sidechain s podporou XRP a USDT.
A detailed analysis recently examined the growing relationship between Yellow Network, a decentralized finance infrastructure provider, and XRP, the digital asset created by Ripple Labs. Crypto analyst X Finance Bull shared findings that highlight an evolving connection between the two beyond a basic integration.
Chris Larsen’s leadership in Yellow’s fundingChris Larsen, Ripple’s co-founder and executive chairman, led Yellow Network’s $10 million seed funding round. This early backing gave Yellow the resources it needed to develop its current decentralized finance ecosystem.
Shortly after, Yellow Network integrated the XRPL EVM Sidechain—an Ethereum Virtual Machine-compatible extension of the XRP Ledger. XRP and the US dollar-pegged stablecoin USDT are now both supported by this sidechain, which operates with chain ID 1440000. According to Yellow’s official documentation, developers building financial applications within Yellow’s environment can already incorporate XRP.
Chris Larsen, Ripple’s co-founder and executive chairman, led Yellow Network’s $10 million seed round, establishing a direct connection between Yellow and XRP and opening new avenues for collaboration within Yellow’s ecosystem.
As a result, projects on Yellow can leverage XRP as a key asset for payments and balance management.
Mini dictionary: XRPL EVM Sidechain, an EVM-compatible chain that allows Ethereum-based smart contracts and assets to interact directly with the XRP Ledger. Developers can build with Solidity and access XRP’s liquidity on chain ID 1440000.
Yellow’s architecture and on-chain settlementYellow Network’s architecture utilizes state channels—a technology where participants, such as brokers, exchanges, or AI agents, transact off-chain inside secure, funded channels. Final results are periodically settled on-chain, reducing gas fees and increasing the speed of repeated trades.
XRP’s integration becomes significant within this structure. Market makers can hold XRP as working capital for liquidity, brokers can offer client trading balances in XRP, and autonomous agents can use XRP for multiparty settlements. These applications allow for rapid trading without congesting public blockchains.
AI partnerships and connected ecosystemsYellow has expanded its focus on autonomous finance through partnerships with several institutions. The company teamed up with Deep3 Labs to develop AI-driven trading features. It also joined the Internet Court framework, which is operated by the GenLayer Foundation, to help facilitate blockchain-based dispute resolution and settlements between AI agents.
Further, Yellow’s collaboration with MOI Technology enables agents to function under set risk and budget controls. The network’s integration with Arc, Circle’s stablecoin infrastructure, as well as connectivity to the XRP Ledger (XRPL), positions Yellow alongside a growing list of DeFi and payment networks.
Mini dictionary: Yellow Network, a decentralized infrastructure project enabling high-speed, low-cost transactions between cryptocurrency exchanges and trading agents using technology such as state channels.
Projected scenarios for XRP demandX Finance Bull presented hypothetical projections regarding potential XRP demand within the Yellow ecosystem. At a daily volume of $1 billion processed via Yellow, and assuming 20% of trades use XRP with liquidity providers holding two days’ worth of inventory, roughly 289.86 million XRP could be used as working capital, based on an XRP price of $1.38.
If the model is scaled up to $5 billion in daily volume, this figure rises to approximately 1.45 billion XRP. However, these calculations are scenarios intended to illustrate potential future use rather than reflecting present trading volumes.
ScenarioDaily VolumeXRP Usage (20%)Inventory Held (2 Days)XRP PriceXRP NeededBase case$1 billion$200 million$400 million$1.38~289.86 millionExpanded case$5 billion$1 billion$2 billion$1.38~1.45 billionRelationship between YELLOW and XRPThe analyst distinguishes clearly between $YELLOW, the native token of Yellow Network, and XRP. $YELLOW has a fixed maximum supply of 10 billion and serves as collateral and access within Yellow’s services. By contrast, XRP acts as the transaction gas on XRPL EVM, as well as trading liquidity, channel funds, and settlement collateral in supported applications.
X Finance Bull concludes that while $YELLOW develops the network infrastructure, XRP could become essential working capital for applications and agents operating on Yellow’s platform if liquidity needs rise.
The potential for increased developer and broker participation may drive further adoption of XRP for trading, balance management, and settlement within the broader Yellow ecosystem.
Water.org nyní převádí dary a provozní prostředky prostřednictvím Ripple Payments s využitím XRP a RLUSD, což zkracuje dobu financování mikrofinančních institucí z několika dnů na několik minut.
Ripple has announced that actor and Water.org co-founder Matt Damon will be a featured speaker at the upcoming Swell 2026 conference in New York. David Schwartz, Ripple’s Chief Technology Officer Emeritus, responded with a humorous remark referencing Damon’s movie roles, suggesting Swell is “finally” a place “he won’t need to be rescued from.” The comment referenced the company’s official statement that Damon will join the stage later this month.
Swell 2026 Unites Institutional, Developer CommunitiesFor the first time, the annual XRP ecosystem event will merge Ripple Swell and the XRPL Apex developer summit. The joint conference will take place at The Shed in Hudson Yards from October 27 to 29, and organizers expect more than 1,500 participants. Over three stages and more than 50 sessions, the event aims to bring institutional leaders and XRPL developers together.
Ripple CEO Brad Garlinghouse, President Monica Long, Chief Technology Officer Emeritus David Schwartz, along with Matt Damon and Water.org CEO Gary White, are among the main speakers. The agenda is structured to explore how faster cross-border settlement can directly benefit microfinance partners, rather than focusing on new product launches.
Matt Damon is set to join Ripple leadership and Water.org’s Gary White at Swell 2026, where the agenda centers on using fast cross-border settlement to scale microfinance partnerships globally.
Water.org’s Expanding Use of Ripple Payments and RLUSDWater.org, established in 2009 by Matt Damon and engineer Gary White, partners with local financial institutions to provide low-cost loans for household water and sanitation projects. To date, the organization has mobilized about $7.7 billion, positively impacting nearly 88 million people across Asia, Africa, and Latin America.
Earlier this year, Ripple became the exclusive digital-asset and payments partner for Water.org’s Get Blue campaign, which was introduced at the World Economic Forum in Davos. The campaign seeks to increase access to safe water for 200 million people by 2030. Founding corporate supporters include Amazon, Ecolab, Gap, and Starbucks.
Water.org now routes donations and operational funds through Ripple Payments, using both XRP and Ripple’s dollar-pegged RLUSD stablecoin. This setup reportedly allows seed funding to reach microfinance institutions within minutes, rather than several days, by bypassing traditional banking corridors.
The organization maintains that the integration of Ripple infrastructure has helped shorten transfer times and reduce costs, allowing partner lenders to more quickly deliver small loans for essential water and sanitation systems.
Mini dictionary: RLUSD — A stablecoin issued by Ripple, pegged to the US dollar and designed for use within Ripple’s payments infrastructure to facilitate faster and lower-cost global transactions.
FeatureBefore Ripple PaymentsWith Ripple & RLUSDSeed fund transfer timeSeveral daysMinutesCurrencyFiat onlyXRP, RLUSDCostHigherLowerGlobal Development and Expanded Use CasesA significant portion of the global population, estimated at over two billion people, still lacks access to safe water. Water.org’s campaign aims to address this need, with hopes that efficient payment technologies can increase the volume and speed of capital reaching local microfinance partners.
Swell 2026’s expanded agenda also covers digital asset tokenization, broader institutional adoption, and technical developments within the XRP ecosystem. Organizers expect high-profile speakers and live operational use cases to draw attention to both Ripple and Water.org’s efforts.
Swell 2026 brings together institutional players, developers, and leading nonprofits to explore the potential of digital assets for financial inclusion and cross-border impact.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP fell early Saturday amid an ongoing market selloff, which left leveraged bullish traders facing forced liquidations, leading to a 2,008% imbalance.
A liquidation imbalance of this size indicates that traders betting on higher XRP prices are being liquidated at a substantially greater rate than those betting on further declines.
In this context, XRP's total liquidations came in at $7.92 million: long positions came in at $7.55 million while shorts came in at $375,910, according to CoinGlass data. This yields a liquidation imbalance of 2,008%.
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At the time of writing, XRP was down 3.09% in the last 24 hours to $1.27, extending its drop since Thursday's sharp decline into a third consecutive day. This continuing drop caught traders who expected a price rebound unawares, leading to forced liquidations.
Renewed pressure across global markets weighed on cryptocurrencies, erasing gains from earlier in the week. $667.71 million was liquidated in the last 24 hours across the crypto market, with long positions mostly affected ($528.30 million).
What to watchSantiment recently reported address growth for the XRP Ledger, reaching a record 8.24 million non-empty wallets. This extends a steady climb that has continued through months of price volatility.
Holder growth is still moving higher, with network growth reaching 4,772 new wallets in one day, the fifth-largest spike since March. Fresh participation is accelerating again, which strengthens the bullish case if the price increase continues, confirming the growth in users.
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$1.40 is the first level to watch. A sustained move above it while network growth stays near or above 4,000 daily wallets would make a quick return to $1.50 more than plausible. If XRP loses $1.30 while new-wallet creation falls back below roughly 3,000, the adoption signal would be less convincing in the short term.
XRP's MVRV sits around 0.92, placing traders in net losses and creating a historically more favorable, lower-risk opportunity zone than when holders are sitting on large profits.
In positive news, Arf is bringing settlement liquidity to the XRP Ledger. The Swiss-regulated platform is partnering with Ripple to bring RLUSD-powered settlement liquidity to licensed cross-border payment companies on the XRP Ledger (XRPL).
State Street rozvíjí víceřetězcovou infrastrukturu pro tokenizaci na XRP Ledger, Stellar a Hedera; v Irsku vydává sedm tokenizovaných likviditních fondů na síti Hedera.
State Street, one of the world’s leading custodial banks with trillions of dollars in assets under management, is developing a multi-chain tokenization infrastructure. Recent documentation confirms the bank’s involvement with three major blockchain networks: XRP Ledger, Stellar’s XLM, and Hedera’s HBAR.
State Street’s blockchain architectureCrypto researcher SMQKE published documentation linking State Street to core developments on the XRP Ledger, Stellar network, and the Hedera blockchain. This material includes a tokenized money market fund issuer table and a Boston Consulting Group (BCG) slide from October 2021 that highlights State Street’s partnership with Securrency, a prominent tokenization platform.
The table provides details on the use of these blockchains in the creation and management of money market funds. According to the BCG slide, Securrency’s platform infrastructure is closely tied to both the XRP and Stellar networks, establishing a direct technological link between State Street and these digital asset ecosystems.
State Street is directly partnered with Securrency, which uses both XRP and XLM. Hedera is also one of the blockchain options for State Street to utilize for its tokenized money market funds. XRP, XLM, and HBAR have all been documented as part of State Street’s evolving digital asset strategy.
Partnership with SecurrencySecurrency, based in Washington, D.C., has raised $49.4 million in funding and offers tokenization services on Ethereum, Stellar, Ripple, Gochain, and EOS networks. The partnership with State Street is noted within the BCG analysis, emphasizing the bank’s integration with next-generation tokenization infrastructure.
Securrency’s system enables tokenized products to be issued and managed across multiple chains, including both XRP and Stellar. This alignment gives State Street direct access to key blockchain networks for its digital asset strategies.
Hedera and fund tokenization in EuropeThe documentation identifies State Street Global Advisors Europe Limited as the issuer of seven tokenized liquidity funds utilizing Hedera as the blockchain and Archax as the transfer agent. These funds are domiciled in Ireland, reflecting State Street’s commitment to implementing tokenization solutions across its European services.
BlackRock Asset Management Ireland Ltd is also listed in the documentation, managing six tokenized liquidity funds on Hedera via Archax. Both State Street and BlackRock are leveraging HBAR for institutional fund tokenization, further strengthening Hedera’s position in this growing sector.
This multi-network approach allows State Street to diversify its blockchain exposure—using XRP Ledger and Stellar via Securrency, and Hedera with its tokenized fund products based in Ireland.
Role of Archax and emerging tokenization trendsArchax, a UK-based digital asset exchange and custodian, acts as the transfer agent for both State Street and BlackRock’s Hedera-based funds. This positions Archax as a central operator in Europe’s institutional tokenized fund infrastructure.
The documentation underlines a trend among top asset managers: the implementation of tokenization infrastructure is advancing, with major institutions selecting networks, engaging custodians, and launching tokenized products.
Technical monitoring remains a core requirement amid these developments. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data from Fomo App, a trade involving “Niu Lai” converted a $99 investment into roughly $370,000, highlighting the dynamics of rapid investor interest. Monitoring not just prices but also timing and investor decisions is especially critical here. Fomo App combines token discovery and trading, adding social feeds, investor rankings, and trade notifications in a single environment, making it notable for those tracking meme token trends and investor activity.
State Street’s deployment across XRP Ledger, Stellar, and Hedera demonstrates a broad strategy, with each blockchain network serving distinct roles in its expanding tokenization agenda. The involvement of players like Archax and Securrency accelerates the adoption and sophistication of institutional tokenized products.
XRP za poslední čtyři týdny klesl z 1,6562 USD na 1,2775 USD, a to navzdory tomu, že XRP ETF tento měsíc zaznamenaly příliv prostředků přes 14,5 milionu USD.
XRP (CRYPTO: XRP) has slumped over the past four weeks, falling from its September high of $1.6562 to the current $1.2775. The retreat has coincided with the ongoing crypto market sell-off, which has also hit Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and other altcoins.
XRP ETF Inflows and Ripple USD Assets are RisingXRP’s retreat is happening even as American retail and institutional investors continue buying its ETFs. SoSoValue data shows these funds have added more than $14.5 million in assets this month. In contrast, spot Bitcoin and Ethereum funds have lost $174 million and $1.1 billion, respectively. That suggests demand for XRP ETFs is holding up better than for its larger rivals.
XRP ETFs have had just one month of outflows since they were launched in November last year. These funds shed over $31 million in assets in March this year. In total, the funds hold $1.48 billion in assets, with Bitwise’s XRP and Franklin’s XRPZ having over $542 million and $398 million, respectively.
XRP price has wavered even as demand for Ripple USD (RLUSD) stablecoin continues rising. The stablecoin’s market capitalization has jumped to $2.46 billion from $894 million in the same period last year. It is nearing its all-time high of $2.56 billion. In contrast, USD Coin (CRYPTO: USDC) and USDT (CRYPTO: USDT) have lost their momentum. USDC’s market cap has fallen from over $79 billion earlier this year to $72 billion today.
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XRP and other cryptocurrencies are struggling because of the ongoing macro environment, with oil prices rising to $117. Rising oil prices mean that inflation will remain at an elevated level in the foreseeable future, forcing the Federal Reserve to hike interest rates.
XRP Price Has Formed a Double-Top PatternTechnicals suggest that XRP has formed a double-top pattern at $1.6535 and a neckline at $1.2520. This pattern usually leads to a reversal, which is usually confirmed when it drops below the neckline.
XRP has dropped below the 50-day moving average and the Strong pivot reverse level of the Murrey Math Lines. Therefore, the coin will likely continue falling, with the next target to watch being the Strong, Pivot, reverse level of the Murrey Math Lines tool at $1.00. This view will be confirmed if it drops below $1.2520.
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SWIFT pilotuje sdílenou účetní knihu pro nepřetržité přeshraniční platby se 17 bankami na šesti kontinentech; cílem jsou programovatelné digitální peníze a atomické vypořádání.
Jack Pouderoyen, Head of Digital Asset Strategy at SWIFT, shared insights on the evolution of the global financial system in a recent discussion with Finextra Research. He emphasized a shift towards 24/7 cross-border payments, programmable forms of digital cash, atomic settlement, and tokenized securities as core objectives for the industry.
SWIFT’s digital asset ecosystem and industry goalsSWIFT, the renowned global financial messaging network, is piloting a new ledger initiative that currently involves 17 banks across six continents, with over 40 institutions contributing to its development. Transactions on the platform span major currencies, including the US dollar, euro, British pound, Hong Kong dollar, and Singapore dollar.
Pouderoyen detailed the industry’s focus on enabling banks to efficiently move liquidity worldwide at any hour, particularly through tokenized deposit functionality. He noted a rising demand for a digital cash leg suitable for continuous, programmable settlement, which would streamline not only securities transactions but also payment versus payment (PvP) for FX deals.
Pouderoyen identified 24/7 payment capability as a critical component for banks looking to manage international liquidity and settlement outside of traditional operating hours. He underlined the importance of programmable money in unlocking atomic settlement efficiencies across both securities and foreign exchange arenas.
Ripple’s infrastructure and market parallelsCommentator X Finance Bull highlighted that Ripple’s XRP-centric infrastructure closely mirrors the developments outlined by SWIFT. Ripple, a San Francisco-based fintech company specializing in blockchain-based global payments, has implemented atomic settlement processes utilizing RLUSD for digital cash transactions. Recent collaborations involving Ondo, Kinexys (a J.P. Morgan solution), Mastercard, and Ripple resulted in a tokenized US Treasury redemption settled on the XRP Ledger (XRPL) in under five seconds.
A broad array of institutions—including Standard Chartered, DBS, Franklin Templeton, BNY, Aviva Investors, DriveWealth, CSD BR, BTG Pactual, and Meritz Securities—are actively developing tools around RLUSD, tokenized funds, and new digital settlement models.
Mini dictionary: RLUSD – A Ripple-issued stablecoin designed for fast, secure, and programmable digital transactions, often serving as a settlement asset on the XRP Ledger and in atomic settlement processes.
The FX dimension and XRP’s roleX Finance Bull pointed out that foreign exchange (FX) settlement is a pivotal opportunity. With global FX turnover estimated at $9.6 trillion daily and total gross settlement obligations exceeding $14 trillion per day, the demand for instant settlement solutions is significant. XRP’s architecture supports native cross-currency transactions and features auto-bridging, attributes that align with SWIFT’s described roadmap for digital settlement.
FeatureSWIFT (New Ledger)Ripple (XRP/RLUSD)24/7 cross-border paymentsIn piloting phase with banksOperationalProgrammable digital cashUnder developmentImplemented with RLUSDAtomic settlementHighlighted as targetLive on XRPLFX auto-bridgingDescribed as goalNative to XRPIndustry observations and future outlookPouderoyen’s interview did not reference XRP directly, but analysts like X Finance Bull see a notable overlap in technological objectives. He noted that Ripple’s long-standing efforts to position XRP for this type of financial world now reflect the priorities discussed by SWIFT.
X Finance Bull wrote, “They are describing the exact financial world Ripple has been preparing $XRP for, and I think that is massive.”
While the commentary does not amount to an official partnership or endorsement, it underscores a growing convergence in approach between traditional banking infrastructure and blockchain-based financial solutions. SWIFT and Ripple appear to be moving in parallel toward 24/7, programmable, and atomic settlement capabilities, even if their paths have not formally crossed.
Franklin Templeton přidal na XRP Ledger tokeny sgBENJI v hodnotě přibližně 150 milionů USD, čímž zvýšil počet držených podílů na téměř 193 milionů v celkové hodnotě zhruba 200 milionů USD.
Franklin Templeton has added roughly $150 million in sgBENJI shares to the XRP Ledger (XRPL). The move nearly quadrupled the asset manager’s tokenized fund position on the ledger overnight.
On-chain data shows two separate $75 million cash subscription receipts recorded on Wednesday.
The matching share issuances followed on Thursday. Each batch delivered just over 72.18 million sgBENJI shares at a price of $1.039 per share.
Before the inflow, Franklin held roughly 48 million shares on the XRPL. That figure has now climbed to nearly 193 million shares. At current pricing, the position is worth approximately $200 million.
One Wallet, Eight Signers, What the Structure Means
The entire sgBENJI balance on XRPL sits inside a single wallet. That wallet shares the same eight signing addresses as Franklin’s issuing account.
Any two of those eight addresses can jointly approve a transaction. Franklin retains the right to freeze balances or recover tokens if needed.
This design is typical of regulated tokenized fund structures. Issuers use multi-sig accounts to enforce compliance controls while keeping assets on a public ledger.
Still, concentrating the full position in one wallet raises operational questions, particularly around who the end investor is. Franklin has not clarified whether the wallet is an omnibus account holding multiple clients or a single large allocation.
The move extends a broader institutional push on XRPL. Ripple’s partnership with DBS and Franklin Templeton, announced in September 2025, set the stage for this: it enabled DBS Digital Exchange clients to swap between sgBENJI and Ripple’s RLUSD stablecoin and explore using the fund tokens as collateral.
Franklin’s commitment to XRPL is not incidental. Franklin Templeton’s digital assets head has publicly backed XRP for its practical utility, citing throughput, cost, and reliability as reasons institutions are choosing the ledger over alternatives.
XRPL’s RWA Market Grows, Franklin Now Ranks Second
RWA.xyz now ranks Franklin Templeton second among tokenized asset issuers on XRPL. Ripple’s RLUSD leads with roughly $930 million.
Ondo Finance sits third at $185 million. Franklin’s sgBENJI position at ~$200 million slots in between.
This ranking shift matters in context. XRPL’s real-world asset market cap hit $2.25 billion earlier this year, rising 124% in Q1 2026 alone. Franklin’s fresh inflow adds weight to that trend.
The asset manager has also been laying regulatory groundwork in parallel. It secured SEC clearance for its funds to hold tokenized assets and met with the SEC’s Crypto Task Force on 1940 Act issues to clarify how tokenized funds interact with the Innovation Exemption.
Beyond regulation, Franklin has been expanding utility for its tokenized shares. Its partnership with Bybit lets eligible clients pledge sgBENJI shares as collateral to secure stablecoin credit lines while still earning fund yield.
It also tapped HashKey to bring the tokenized fund to Asia, reaching professional investors through HashKey Exchange’s Earn channel.
Ripple, for its part, has continued deepening infrastructure on the ledger. Its strategic investments in ZILO and Licuido expand regulated token issuance and collateral services, building exactly the rails that institutions like Franklin now use.
For those exploring where to access real-world assets on-chain, leading crypto exchanges now offer RWA trading options as the sector grows.
Americký regulátor OCC dokončil pravidla k zákonu GENIUS Act pro stablecoiny. Jasnější regulace může podpořit přijetí stablecoinu RLUSD od společnosti Ripple a zvýšit spalování XRP při transakcích.
The Office of the Comptroller of the Currency (OCC), a leading US federal banking regulator, finalized its rules implementing the GENIUS Act on October 21. This move marks the OCC as the first regulator to officially complete the framework for stablecoins since Congress passed the GENIUS Act in July 2025.
SMQKE highlights XRP benefitsCryptocurrency researcher SMQKE responded promptly to the OCC’s announcement, suggesting that the regulatory clarity provided by the GENIUS Act could deliver notable advantages for XRP. He openly stated that the new legislation will have positive implications for XRP’s role in digital assets and payments.
SMQKE referenced supporting research that examines Ripple’s RLUSD, a USD-backed stablecoin built on the XRP Ledger. RLUSD transactions incur a small fee denominated in XRP, which is permanently burned. The research asserts that consistent burning of XRP during transactions could drive upward price momentum by reducing the token’s overall supply.
As RLUSD adoption expands in cross-border payments and remittances, XRP could become a crucial bridge currency for providing liquidity, according to research highlighted by SMQKE.
The supporting documentation also implies that a well-defined, regulated framework provided by the GENIUS Act strengthens the credibility of RLUSD among financial institutions, further increasing overall adoption.
Mini dictionary: The Office of the Comptroller of the Currency (OCC) is an independent bureau within the US Department of the Treasury responsible for chartering, regulating, and supervising all national banks and federal savings associations in the United States.
Institutional adoption and regulatory clarityThe research connects RLUSD’s growth potential to its compliance with strict reserve and audit requirements set by the GENIUS Act. Meeting these requirements could enhance RLUSD’s reputation among banks and payment providers, laying the groundwork for further adoption. Increased adoption would lead to more RLUSD transactions, increasing the frequency of associated XRP burns.
Though XRP is not a stablecoin, the GENIUS Act’s guidance regarding digital asset classification may also influence XRP’s regulatory status. The research points out that the Act could help XRP gain recognition as a utility token rather than a security, an issue that has played a central role in Ripple’s lengthy legal dispute with the US Securities and Exchange Commission (SEC).
By offering regulatory clarity for stablecoin issuers, the GENIUS Act may also lower entry barriers for financial institutions considering stablecoin solutions. This environment could support joint adoption of both RLUSD and XRP in digital payment networks.
TokenTypeBurn MechanismRegulatory ImpactXRPUtility tokenFee burned per transactionPotential reclassification as utilityRLUSDStablecoin (USD-backed)Generates XRP burnsStronger institutional trust post-GENIUS ActSMQKE’s analysis drew notable attention within the XRP community. By labeling his work “Documented,” the researcher indicated a high degree of confidence in the supporting evidence. Community members emphasized the analysis as a foundation for renewed optimism about XRP’s future use cases.
The GENIUS Act gives Ripple and RLUSD a clear regulatory foundation, which could extend positive effects to XRP as well.
Ripple, the US-based technology company behind XRP, finds itself with improved regulatory clarity for its stablecoin product as a result of the OCC’s latest move. SMQKE argued that this environment creates a ripple effect, potentially benefiting broader digital asset adoption and XRP’s practical function in financial markets.
Ripple vyzval SEC k rychlému přijetí závazného rámce pro kryptoaktiva a žádá o upřesnění, že podání formuláře TR nepředstavuje uznání dřívějšího statusu cenného papíru ani porušení zákona.
Ripple Labs has formally endorsed the US Securities and Exchange Commission’s proposed Regulation Crypto Assets, calling for its swift adoption as a binding rule. The company submitted its comment letter on October 20, 2026, coinciding with the final day for public input on the agency’s releases 33-11434 and 34-106150 (File No. S7-2026-27).
Ripple’s position on crypto regulationChief Legal Officer Stuart Alderoty, General Counsel Sameer Dhond, and Deputy General Counsel Deborah McCrimmon signed Ripple’s letter. The document states that Ripple “fully supports the Commission’s efforts to provide a regulatory framework for crypto assets, and urges the Commission to adopt the Proposal in a final rule.”
Ripple emphasized that a regulatory framework rooted in existing US securities law could offer much-needed clarity to the crypto industry, reducing the need for piecemeal enforcement actions and fostering domestic innovation.
Ripple, a blockchain technology company known for its digital payment protocol and the digital asset XRP, pointed out that the SEC’s proposal builds on a joint interpretation of existing securities laws by both the SEC and the Commodity Futures Trading Commission (CFTC). This interpretation relies on the Howey investment-contract test as a legal basis for crypto asset oversight.
The firm argued that the presence of an investment contract does not automatically render the underlying token a security. Instead, Ripple contended, the legal status should hinge on the issuer’s promises and representations throughout the contract’s life—rather than applying a permanent securities designation to the token or using a decentralization test as the sole criterion.
Ripple also incorporated its previous correspondence with the SEC’s Crypto Task Force in 2025 and 2026, providing additional context for its views.
Industry impact and legal contextStuart Alderoty has previously commented that the company spent over $150 million on legal efforts to resolve its longstanding dispute with the SEC over XRP’s regulatory status.
According to Ripple, the proposed regulation could replace the uncertainty of case-by-case enforcement with clearer, predictable rules. The company maintains that this approach would encourage capital formation in the US and reduce the likelihood of crypto innovators seeking opportunities overseas.
While expressing general support, Ripple advocated for targeted improvements. One specific request involved clarifying that Form TR filings should not be treated as an admission of previous securities status or legal violations.
The official comment window for the SEC’s proposal closed on October 20. However, the Commission confirmed that it will continue to accept public feedback as it considers whether to finalize the framework. Ripple’s endorsement arrives as a significant statement from a leading US blockchain firm as policymakers deliberate over the future of crypto regulation.
Mini dictionary: Howey test – A legal test established by the US Supreme Court to determine whether certain transactions qualify as investment contracts and therefore fall under the definition of a security, based on whether there is an investment of money in a common enterprise with an expectation of profits from the efforts of others.
AspectCase-by-case enforcementProposed SEC FrameworkClarityUnpredictableClearer regulatory pathImpact on innovationEncourages offshore movesSupports domestic capital formationLegal foundationAd hoc litigationGrounded in existing lawWith the SEC’s comment period concluded, industry attention now shifts to how the agency will address feedback from market participants. Ripple’s recommendations and support may influence the final form of US crypto regulations as authorities evaluate the balance between investor protection and industry growth.
The company’s public stance underscores the high stakes for both market participants and regulators as new federal rules for digital assets move closer to completion.
David Schwartz ze společnosti Ripple uvedl, že rostoucí využívání XRPL by mělo zvýšit poptávku po XRP, které se používá k úhradě poplatků a jako rezerva na účtech.
David Schwartz, Ripple's CTO emeritus and one of the original architects of the XRP Ledger (XRPL), has argued that the network's growing adoption could eventually translate into stronger demand and higher prices for its native cryptocurrency, XRP.
In a recent discussion on X, the prominent blockchain developer expressed skepticism about the possibility of the XRP Ledger becoming a major financial infrastructure platform without its native token benefiting from that success.
"I think a world where XRPL is highly successful in financial applications but XRP does not have high demand and value is very unlikely," Schwartz wrote.
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According to Schwartz, XRP possesses several unique advantages within the network that could help drive its long-term demand.
For starters, XRP is the only native, counterparty-free asset on the XRP Ledger, meaning that it does not depend on any third-party issuer.
Moreover, XRP is required to pay transaction fees and maintain account reserves on the network.
"All of those things can help drive value and demand," Schwartz explained.
His comments address a persistent debate within the XRP community about whether the growing adoption of the XRP Ledger necessarily translates into increased demand for XRP itself.
XRP could thrive even if Bitcoin dominatesSchwartz also outlined a hypothetical scenario in which Bitcoin becomes the dominant settlement asset, arguing that XRP could still benefit from the XRP Ledger's success.
"About the only way that could happen would be if we wound up in a world with one totally dominant settlement asset. That seems unlikely to me," he wrote, referring to a scenario in which XRPL succeeds without generating substantial demand for XRP.
He went on to explain that even widespread Bitcoin adoption would not necessarily eliminate XRP's role in facilitating transactions.
"For example, even if you imagine a world where nearly all settlement is done using bitcoin, if XRPL is successful, you will still probably have several versions of wrapped/bridged bitcoin on XRPL and XRP will capture value bridging them."
The XRP token has moved closer to a breakout above $1.40 as Ripple convened figures from BlackRock and the International Monetary Fund (IMF) for its Swell 2026 conference in New York. This high-profile event, which started on October 27, combines Ripple’s traditional keynote sessions with Apex, a specialized blockchain program for developers.
Institutional momentum and market impactThe presence of major global financial representatives at Swell 2026 coincided with a surge in regulated investments into the XRP ecosystem. Notably, clients of leading asset manager Franklin Templeton purchased $3.55 million worth of XRP ETF shares, contributing to a breakthrough from months-long price consolidation.
Recent trading activity has seen XRP stabilize within the $1.32 to $1.33 range, approaching a significant psychological resistance level. Market observers are watching for a breakout, with the token’s momentum supported by growing practical applications of the XRP Ledger (XRPL).
Recent inflows from institutional investors such as Franklin Templeton have helped push XRP out of its previous consolidation range, renewing attention on the token’s potential for a near-term breakout.
Market participants are now focusing on whether the XRPL, Ripple’s decentralized blockchain infrastructure, is positioned to become the primary standard for facilitating institutional capital flows. The participation of Wall Street leaders at the conference is expected to influence broader investor sentiment.
Strategic goals for BlackRock and the IMFBlackRock and the IMF are not seeking exposure to the XRP token itself. Their focus is on the integration of liquidity management and artificial intelligence solutions being developed through Ripple’s platform. These innovations could potentially form the backbone for advanced settlement hubs serving global finance.
Ripple’s XRPL, which supports multiple assets since its launch in 2012, features an auto-bridging mechanism. Developers see this as a potential foundation for a new era of payments automated by AI agents, further enhancing the network’s appeal to institutional participants.
Mini dictionary: Apex, a developer-focused blockchain summit that operates alongside Ripple’s Swell event, facilitates technical collaboration and showcases innovations within the XRP Ledger ecosystem.
This year’s conference also highlights Ripple’s stablecoin, RLUSD, and its scaling prospects within the On-Demand Liquidity (ODL) system. Binance, a leading global cryptocurrency exchange, is attracting retail attention through a campaign to distribute 600,000 XRP among RLUSD holders until mid-November. Meanwhile, institutional investors are evaluating the long-term fundamentals of these assets.
EntityRecent ActionFocusFranklin TempletonBought $3.55 million XRP ETFInstitutional investmentBlackRockAttending Swell 2026Liquidity integration, AI paymentsIMFAttending Swell 2026Settlement hub innovationBinance600,000 XRP campaignRetail engagement in RLUSDRipple’s cross-border payment solutionsRipple is using the Swell conference to present its strategic partnership with Arf, a Swiss fintech firm specializing in cross-border financial infrastructure. This alliance aims to accelerate global settlements using RLUSD, with settlement times ranging from one to five days and prospects for extending credit lines in the future.
By hosting Swell 2026 in New York alongside key players like BlackRock and the IMF, Ripple intends to showcase the readiness of its technologies for real-world financial applications. The company positions these developments as crucial steps that could help XRP overcome its longstanding price resistance.
Ripple’s expansion into cross-border settlements and stablecoin scaling is drawing renewed interest from both retail and institutional investors, raising expectations for XRP’s performance in global markets.
Payment activity on the XRP Ledger has surged, with recent statistics from XRPScan showing payment volume reached 770.6 million XRP in the latest 24-hour period. This marks a 119.6% increase compared to the previous day. The figure is significantly above the 30-day average of 601.9 million XRP, indicating a sudden return of network activity after a period of stagnation. Despite this notable spike, the all-time high for daily payment volume remains much higher at 7 billion XRP, suggesting that current levels, while robust, are still far from record territory.
Network activity rebounds after slow periodA review of the past year reveals that XRP payment volumes have been highly volatile, with notable peaks approaching 2.6 billion XRP both in November and February. Outside of these bursts, daily volumes typically fluctuate between 300 million and 700 million XRP. On quieter days, network activity can even drop close to zero. The latest jump follows directly after one such period of low network engagement.
It is worth noting that much of this 119.6% increase comes off a very low baseline, limiting its immediate impact as a long-term trend signal. Nevertheless, analysts point out that any uptick in genuine payment activity is a positive sign for the health of the network, as it reflects increased settlement and usage by participants. This stands in contrast to exchange trading volumes, which can be influenced by speculative activity.
Payment volume shows how much XRP is actually moving between accounts, so it is a cleaner signal than exchange trading alone. When this figure rises, more people are sending, settling, and using the network.
After several weeks of diminished activity, this resurgence in payments marks a potential turning point for user engagement, provided it can be sustained over the coming days.
Mini dictionary: XRP Ledger – a decentralized, public blockchain designed for payments, allowing users to send value quickly and at low cost. The ledger validates and tracks transactions using the XRP token as its native asset.
Price remains below major resistanceDespite the uptick in network usage, XRP’s market price has not shown a corresponding rally. The digital asset is now trading close to $1.31, remaining below key technical levels. The 200-day moving average sits near $1.37, while the 100-day average is close to $1.34, both now acting as resistance zones. Earlier attempts to push above these areas were met with selling pressure, and the price has retreated toward a range of $1.27 to $1.30.
Technical momentum remains weak, with the Relative Strength Index (RSI) hovering around 40. While not yet in oversold territory, this reading points to limited buying enthusiasm.
IndicatorCurrent ValueSupport/ResistanceCurrent Price$1.31—200-day Moving Average$1.37Resistance100-day Moving Average$1.34ResistanceNearest Support$1.25SupportNext Key Support$1.15SupportRSI40Neutral/WeakShould the price break below $1.25, analysts point to $1.15—where the August rally previously began—as the next important support zone. On the contrary, a daily close above $1.37 would open the door for further gains, with upside targets at $1.45 and $1.55.
Traders wait for confirmationTrading volume for XRP on exchanges has declined, signaling a cautious stance among market participants. Many investors appear to be waiting for confirmation that the surge in payment activity is translating to sustainable buying interest and higher prices.
A real recovery needs both better network use and stronger buying on the exchanges. So far, only the first part has appeared.
Market observers highlight that such divergence between technical adoption and price action is not uncommon, especially when the financial market is searching for direction. If payment volumes remain steadily above the 30-day average of 601.9 million XRP in the coming days, the chances of a price breakout above $1.37 could increase. However, if this latest spike proves short-lived, XRP is expected to remain within its current trading range.
XRP ETF od společnosti Franklin Templeton zaznamenal během čtvrteční obchodní seance čisté přílivy ve výši 3,55 milionu USD, což odpovídá 2,71 milionu XRP; ostatní XRP ETF nevykázaly žádné toky.
Although the demand for XRP ETFs has slowed substantially in recent days following the recent crypto market volatility, they have remained persistent even in small quantities.
Amid the slow but steady demand for the XRP investment product, the latest onchain data shows that Franklin Templeton has just bought XRP, even as its price remains unstable.
$3.5 million of XRP scoopedAs of October 23, data from SosoValue shows that Franklin Templeton's XRP ETF has recorded up to $3.55 million in net inflows during its last daily trading session on Thursday.
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With the Franklin XRP ETF attracting up to 2.71 million XRP worth about $3.55 million in net inflows at a time like this, the fund has taken dominance for the day as other XRP ETFs saw zero capital flows for the day.
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Notably, the inflow recorded by the fund provides a bullish outlook for XRP as it signals sustained demand from investors seeking exposure to the asset without directly holding it.
However, XRP's price movement at the time of the purchase remains concerning to market participants as the broad market momentum continues to fade.
Can This Trigger an XRP Rally?It is important to note that while Franklin Templeton's latest XRP purchase provides a positive signal for demand for its XRP investment product, it does not guarantee an immediate price recovery for the asset.
XRP's current price movement remains subject to broader market sentiment, which is currently bearish as other major crypto assets are also witnessing a price correction.
Nonetheless, market analysts predict that sustained demand for the XRP ETF could drive bullish momentum for the price.
Malajsie a Thajsko se připojily k singapurské iniciativě BLOOM, která testuje přeshraniční platby s využitím regulovaných stablecoinů a tokenizovaných bankovních depozit.
Malaysia and Thailand join Singapore’s BLOOM initiative as policymaker members.
The initiative focuses on cross-border payments using stablecoins and tokenized bank deposits.
Ripple, Visa, Mastercard and the World Bank Group are among the participating organizations.
Ripple and Unloq plan to test automated trade payments using RLUSD on the XRP Ledger.
Central banks will examine payment settlement, network compatibility, identity checks and regulatory controls.
Singapore has expanded its BLOOM payments initiative as Malaysia and Thailand join efforts to test cross-border transfers. The work covers regulated stablecoins and tokenized bank deposits.
Singapore Adds Two Central Banks to BLOOM
The Monetary Authority of Singapore confirmed the membership of Bank Negara Malaysia and the Bank of Thailand on Friday. Both joined as policymaker members rather than commercial payment providers.
BLOOM stands for Borderless, Liquid, Open, Online, Multi-currency. Singapore started the project in October 2025 to bring regulators, banks and technology firms together around digital money settlement.
Ripple and Payment Networks Join the Work
Current participants include Ripple, Visa, Mastercard, Airwallex, Maybank and the World Bank Group. Circle, Coinbase, JPMorgan, Standard Chartered and Stripe were already involved in the initiative.
Ripple announced a trial with trade finance company Unloq in March. The partners plan to use RLUSD on the XRP Ledger and release payments when shipment conditions are met. Separately, Cross River Bank is adding Ripple’s RLUSD to its payment system.
The World Bank Group brings experience in international payment systems and financial inclusion. BLOOM participants are examining business payments, company cash management and trade finance.
Banks Examine Settlement and Safety Checks
The central banks will examine how institutions accept and exchange different digital currencies across countries. They will study ways for payment systems to communicate without requiring separate deals in every market.
Tokenized deposits form another part of the work. These tokens represent bank deposits rather than stablecoins issued by private companies. In a separate development, JPMorgan made its JPM Coin deposit token available on Ethereum this week for approved institutional clients.
BLOOM will examine identity checks, sanctions screening and transaction limits. MAS said common operating arrangements could reduce implementation costs while allowing regulators to apply their own national requirements.
Malaysia and Thailand Outline Their Priorities
Bank Negara Malaysia Deputy Governor Aznan bin Abdul Aziz said payments using different forms of digital money were becoming more practical. He welcomed cooperation between central banks and companies.
Rules remain a separate issue for stablecoin providers. This week, the US banking regulator outlined waiver requirements for existing stablecoin issuers, showing how oversight differs between markets. Bank of Thailand Deputy Governor Daranee Saeju said Singapore’s initiative would support its work on rules for tokenized money.
Evernorth CEO Asheesh Birla says the company’s Nasdaq debut marks a major milestone for XRP (CRYPTO: XRP).
The company plans to deploy its 473 million XRP holdings gradually into institutional lending and DeFi opportunities prioritizing security, liquidity and sustainable returns.
Speaking on the Thinking Crypto podcast, Birla outlined Evernorth’s plan to become more than a passive crypto treasury company.
Unlike Bitcoin treasury firms such as Strategy (NASDAQ:MSTR), Evernorth plans to generate risk-adjusted yields from its XRP holdings through TradFi strategies and emerging on-chain protocols.
"With Bitcoin (CRYPTO: BTC), you can move, you can hold, but you can’t really do much on-chain," Birla said.
He pointed out Evernorth’s primary performance metric is to maximize XRP per share, although he declined to disclose future acquisition plans.
Evernorth is trading under Armada Acquisition Corp II (NASDAQ:XRPN).
XRP Lending, DeFi Could Drive Institutional DemandBirla expects XRP Ledger lending, vaults and DeFi applications to attract institutional capital and expand XRP liquidity.
Evernorth is evaluating on-chain partners, while growing tokenization could boost demand for blockchain-based lending and settlement.
However, Birla emphasized risk management before deploying treasury assets.
“We’re going to take it slow and build methodically,” he said.
Why XRP’s Nasdaq Debut Is a Turning PointBirla described Evernorth’s public listing as validation of XRP’s original focus on financial services, saying its institutional use cases are now materializing on Nasdaq.
He cited growing participation from BlackRock (NYSE:BLK), Morgan Stanley (NYSE:MS) and Wells Fargo (NYSE:WFC) as evidence of traditional finance embracing blockchain.
Birla expects tokenization and 24/7 markets to expand access to financial assets.
Evernorth looks to focus on deploying its XRP treasury and developing institutional-grade infrastructure on the XRP Ledger.
Image: Shutterstock
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Americký investiční poradce SRH, který spravuje aktiva v hodnotě 3 mld. USD, vykázal držbu 27 301 akcií ETF Franklin XRP (XRPZ) v hodnotě přibližně 441 000 USD.
SRH, a US-based investment adviser with $3 billion in AUM, has reported holding 27,301 shares of Franklin Templeton’s Franklin XRP ETF (XRPZ).
The firm disclosed the XRP ETF investment, worth about $441K, in a quarterly Form 13F filing with the US Securities and Exchange Commission (SEC).
Notably, institutional investment managers with more than $100 million in assets under management must file these reports every quarter to disclose their long positions in US equities.
SRH’s investment adds to the expanding number of US financial firms gaining exposure to XRP through regulated exchange-traded products. However, Form 13F filings only show an institution’s holdings at the end of a quarter, so SRH’s current position may be different from the amount it reported.
US wealth manager SRH reveals investment in Franklin XRP ETF The Franklin XRP ETF Franklin Templeton launched the Franklin XRP ETF on NYSE Arca in November 2024. Trading under the ticker XRPZ, the fund operates as a passively managed grantor trust that holds XRP directly and tracks the CME CF XRP-Dollar Reference Rate.
Importantly, it charges a net expense ratio of 0.19%, which makes it one of the lower-cost regulated XRP investment products available to US investors. Over the past 52 weeks, the fund’s share price has ranged from $10.77 to $26.09.
On Oct. 22, XRPZ recorded $3.5464 million in net inflows in a single day, bringing its cumulative net inflows since launch to $519 million.
Across all spot XRP ETFs, total net assets stood at $1.488 billion, while cumulative net inflows reached $1.804 billion. During the third quarter of 2026, XRPZ attracted $90.64 million in net inflows.
Wall Street’s Expanding XRP ETF Footprint SRH’s disclosure follows a series of institutional filings showing that more traditional financial firms are investing in XRP ETFs.
Goldman Sachs reported $86.5 million in XRP ETF holdings as of June 30, 2026, in its SEC Form 13F filing. The investment covered five spot XRP ETFs, including approximately $25.76 million in the Bitwise XRP ETF and $25.41 million in Franklin Templeton’s XRPZ.
Bloomberg Intelligence’s review of second-quarter 2026 filings ranked Goldman Sachs as the largest institutional holder of spot XRP ETFs, ahead of Jane Street Group and Millennium Management.
Morgan Stanley also reported holdings across several XRP investment products in its latest Form 13F filing. The firm held 6,715 shares of Franklin’s XRP ETF, 255 shares of the REX-Osprey XRP ETF, and 67 shares of the Bitwise XRP ETF.
AdvisorNet Financial disclosed 12,380 shares of Franklin’s XRP ETF, worth approximately $177,800, in its third-quarter 2026 filing.
Meanwhile, UMB Private Wealth Management reported an XRPZ position valued at $100,316 as of Sept. 30, 2026. In addition, Vista Finance disclosed 129,958 shares of the Franklin XRP Trust ETF worth approximately $11.45 million.
XRP ETF Market Performance Spot XRP ETFs have continued to perform impressively this year. The products attracted $307.87 million in net inflows during the third quarter of 2026. July accounted for $27.29 million, August brought in $159.18 million, and September added $121.40 million.
Over the same period, XRP’s price rose by more than 45%, climbing from $1.04 to $1.51. The Bitwise XRP ETF led the market with $177.94 million in third-quarter inflows, bringing its total assets to $618.81 million.
However, the market saw some withdrawals in October. During the week ending Oct. 16, 2026, US spot XRP ETFs recorded approximately $1.84 million in net outflows, ending a 13-week streak of consecutive inflows.
Despite this setback, cumulative net inflows approached $1.8 billion, while ETF assets remained around $1.47 billion. On October 22, XRPZ helped restore positive momentum by accounting for the entire $3.5464 million in daily inflows.
Gate.io ve svém říjnovém dokladu o rezervách (Proof of Reserves), zveřejněném 20. října 2026 na základě auditu k 18. říjnu 2026, vykázala poměr rezerv XRP ve výši přibližně 115 %: držela 60 396 694 XRP oproti zákaznickým zůstatkům ve výši 52 529 328 XRP.
Gate.io has released its latest Proof of Reserves (PoR) report, showing that it holds more XRP than its customers collectively have on the exchange.
The Proof of Reserve, released on Oct. 20, 2026, puts XRP’s reserve ratio at approximately 115%, meaning Gate holds 15% more tokens than customers have deposited.
Based on the audit snapshot from Oct. 18, 2026, the report also shows that the exchange holds more than its customers’ balances across every other major asset class. Gate has published verified reserve reports since 2020.
Gate Strengthens Its Overall Reserve Coverage Gate’s October report reveals that customers held a combined $7.332 billion in assets on the platform at the time of the snapshot, including more than 52 million XRP.
The exchange held $8.688 billion in total reserves, bringing its overall reserve ratio to 118.49%. This marks an increase from the 117.26% recorded in the previous reporting period.
Gate’s reserves exceeded customer balances by $1.356 billion, giving the exchange an additional buffer to meet withdrawals if many customers seek to withdraw their assets at once.
Gate has maintained excess reserves throughout 2026, building on its first PoR audit in 2020. Its reserve ratio stood at 125% in January, when total reserves reached $9.478 billion, before falling to 122% in March.
The October ratio is lower than both earlier figures, partly due to the effect of a larger and faster-growing customer base. However, Gate still holds more than $1.3 billion above its customers’ combined balances, which keeps its total reserves well above its reported liabilities.
Gate Proof of Reserves Shows Small XRP Holdings Gate’s October PoR puts its XRP reserve ratio at approximately 115%. Specifically, customers held 52,529,328 XRP on the exchange, worth about $69.8 million at the time of the snapshot.
Gate.io Proof of Reserves shows XRP overcollateralized at 115% Meanwhile, Gate held 60,396,694 XRP, valued at approximately $78.9 million. By press time, XRP had risen to $1.33, pushing the value of the exchange’s XRP holdings above $80.3 million.
Interestingly, on-chain data provided by XRPScan shows that Gate now holds 58.65 million XRP across four XRP Ledger (XRPL) accounts. This represents approximately 0.88% of the 68.4 billion XRP tokens in circulation.
Onchain data shows Gate.io holds 58M XRP across 4 accounts Gate’s XRP holdings remain relatively small compared with those of the largest centralized exchanges. South Korea’s Upbit leads with approximately 4.4 billion XRP across 13 XRPL accounts, accounting for 6.43% of the circulating supply.
Coinbase follows with 3.99 billion XRP across 343 accounts, representing 5.84%, while Binance ranks third with 1.874 billion XRP across 145 accounts, giving it a 2.74% share.
Robinhood, Bithumb, Uphold, and Kraken also rank among the top 10 XRP exchange holders, holding between 958 million and 1.6 billion XRP. Phemex, meanwhile, reported an XRP reserve ratio of 153.55% in its September 2026 PoR.
Bitcoin, Ethereum, and Stablecoins Equally Well-Covered Gate also holds more Bitcoin and Ethereum than its customers collectively own. Customers held 21,156 BTC on the exchange, while Gate maintained 25,727 BTC in reserves, worth $2.115 billion. This brought its Bitcoin reserve ratio to 121.6%. Essentially, the exchange held more than 4,500 BTC above customer balances.
With Ethereum, Gate’s customers held 362,785 ETH, while the exchange maintained 449,042 ETH worth $1.082 billion. These holdings resulted in an Ethereum reserve ratio of 123.78%.
Gate’s stablecoin reserves also exceeded customer balances. The exchange held $929.8 million in USDT, giving it a reserve ratio of 111.68%. Its USD1 reserves reached $395.594 million, producing a ratio of 100.98%. As for GUSD, Gate held $317.3 million, giving it a reserve ratio of 181.11%.
XRP is trading at $1.31, down 4.4% over the past 24 hours, after more than six billion tokens moved onto exchanges over the trailing month — the heaviest inflow reading in seven months. CryptoQuant counts 6.05 billion XRP in 30-day exchange inflows, with Binance alone taking in 2.46 billion of it. The immediate question is whether that wave is selling pressure hitting order books, or ordinary market plumbing. Read carefully, the data points somewhere in between.
As of 23:37 UTC on October 22, XRP changed hands at $1.31, down 4.40% over 24 hours, with a market capitalization of $82.38 billion, good for fifth place among crypto assets, per CoinGecko. The 24-hour range ran from a low of $1.30 to a high of $1.37 on about $1.57 billion of volume. Over the past month the token has shed roughly 16% from its September 23 level near $1.57, and it sits about 64% below the all-time high of $3.65 it set in July 2025.
A 6.05 Billion Token Wave, Exchange by Exchange The headline number comes from CryptoQuant’s QuickTake platform, where analyst Arab Chain traced XRP movement onto centralized venues. “There has been a notable surge in XRP inflows to cryptocurrency exchanges, with the total volume reaching approximately 6.05 billion XRP over the last 30 days, the highest level in seven months,” the analysis reads.
The breakdown matters because it shows where the supply is landing. Binance absorbed the largest share at roughly 2.46 billion XRP, about 40.7% of the total. Bybit took in about 580.31 million, OKX 557.13 million, Upbit 544.48 million, Bitget 284.52 million, KuCoin 55.24 million and Gate 29.47 million. In dollar terms, 6.05 billion XRP at $1.31 is just under $7.93 billion in tokens that moved toward venues where they can be sold quickly.
The inflow spike arrives against a steadily declining price. The chart below plots XRP’s daily close over the trailing 30 days: the token has printed lower highs since late September, sliding from $1.57 down to the current $1.31 area.
Why Inflows Don’t Automatically Mean Selling CryptoQuant is explicit that the metric is not a sell signal. “It should be noted that an increase in XRP inflows to exchanges does not necessarily mean that investors are preparing to sell,” the analyst writes, adding that “interpreting this indicator becomes more accurate when compared with XRP’s price action, trading volume, and exchange outflows.”
The distinction is more than semantics. A transfer to an exchange can reflect custody moves, active trading, or wallet reshuffling — not a decision to dump. And the scale, while large in absolute terms, is a modest slice of the float: 6.05 billion tokens equals roughly 9.6% of the 63.1 billion XRP in circulating supply. A market that absorbed nearly a tenth of its circulating supply landing on venues in a single month, and only gave up about 16% from its September high, is not showing the hallmarks of a supply cascade.
The exchange-side picture is also softened by what is happening on the fund side. U.S. spot XRP ETFs were the demand story this autumn, though that streak cooled in recent days: the funds ended a 13-week run of consecutive weekly inflows in mid-October, a shift BlockchainReporter covered when spot XRP ETFs ended their 13-week inflow streak. With both daily ETF flows and price softening, the $1.30 level has become the line in the sand.
The Levels That Matter Now On the technical side, XRP’s immediate floor is the October 22 intraday low of $1.30, which also marks the 24-hour low across major venues. A break below it opens the way toward the October 18-19 lows near $1.29, the weakest prints of the month. On the upside, $1.37 — the October 22 high — is the first resistance, and above that sits the $1.40 round number where XRP has repeatedly failed over the past week.
These levels are drawn from the observed 24-hour and weekly ranges, not from a forecast. A daily close back above $1.37 would be the first sign that the inflow wave has been absorbed; a close below $1.29 would suggest supply is still clearing. Neither outcome is guaranteed by the flow data alone, which is the point CryptoQuant makes when it insists the indicator be read next to price and volume rather than in isolation.
The Wider XRP Picture Away from the order books, two threads frame the next several weeks. The XRP Ledger’s fixCleanup3_4_0 amendment lost the validator support it needed to activate on schedule, pushing the network’s cleanup change later into November and underscoring that the ledger’s own upgrade cadence runs independently of the token’s price. Meanwhile, XRP remains the asset at the center of Ripple’s long-running regulatory fight with the SEC, which continues to shape how institutions weigh the token.
For a longer horizon, the XRP price prediction case rests on a different set of drivers — ETF flows, ledger utility, and the resolution of the SEC dispute — rather than the month-to-month movement of tokens onto exchanges. The inflow print is a snapshot, not a verdict.
Frequently Asked Questions What is XRP’s price today? XRP traded at about $1.31 on October 22, 2026, down 4.40% over 24 hours, with a market capitalization of roughly $82.38 billion, according to CoinGecko.
Why is XRP down today? XRP fell as CryptoQuant reported 6.05 billion XRP in 30-day exchange inflows, a seven-month high, while spot XRP ETF inflows cooled after a 13-week streak ended.
Does the exchange inflow data prove whales are selling? No. CryptoQuant notes that inflows can reflect custody moves, trading, or wallet transfers, and says the metric must be read alongside price action, volume, and outflows.
What are XRP’s support and resistance levels? Immediate support sits near $1.30, the October 22 low, with the October low around $1.29 below it. Resistance starts at $1.37, then the $1.40 level where the token has repeatedly failed.
How much of XRP’s supply is 6.05 billion tokens? 6.05 billion XRP equals roughly 9.6% of the 63.1 billion XRP in circulating supply, worth about $7.93 billion at $1.31 per token.
Data: CoinGecko, Binance, CryptoQuant.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
AUTHOR
Samuel is a professional cryptocurrency writer specializing in blockchain technology and market analysis. He delivers in-depth insights into emerging trends and developments, producing well-researched, engaging content that makes complex crypto topics accessible to both newcomers and experienced industry professionals. Through his analytical approach and clear writing style, Samuel provides valuable perspectives on the evolving digital asset landscape, establishing himself as a credible and trusted voice in the cryptocurrency industry.
XAO DAO says several proposals have passed in the last couple of weeks, and a community forum is now live, calling it a huge milestone.
XAO DAO co-founder Santiago Velez announced that proposal 66 had passed, authorizing the decentralized autonomous organization to deploy 80% of its XRP treasury into Firelight, a DeFi protocol focused on decentralized insurance and yield.
The decision would put a large share of the DAO’s XRP holdings to work in a strategy intended to generate returns for members while contributing capital to protection services for decentralized finance.
XAO DAO Vote Approves XRP Deployment to Firelight In his announcement, Velez described the proposal as, to his knowledge, the first time a DAO had deployed treasury funds into a multichain DeFi strategy combining decentralized insurance with yield generation.
He thanked co-manager Fabio Marzella, Flare Networks co-founder Hugo Philion, and the Flare team for developing the Flare Smart Accounts technology, as well as Firelight for the opportunity.
The plan connects XRP with Firelight through Flare Smart Accounts, which provide a route for XRP holders to use DeFi applications. In an October 6 post, Flare described Firelight as a way to put XRP behind a protection layer for DeFi with a single XRPL signature.
Firelight posted the same day that anyone deploying XRP through the feature should connect a supported XRPL wallet and choose to mint and deposit FXRP into the Firelight vault, adding: “So bullish on this.”
Meanwhile, XRP itself was changing hands at $1.34 at the time of writing, having barely shifted in 24 hours but dropping nearly 4% of its value in the last seven days and over 11% across one month. It is also more than 44% lower than where it was a year ago, with the current price a 63% dip from its $3.65 all-time high attained in July 2025.
You may also like: XRP Ledger’s Latest Fix Pushed to November After Voting Setback Ripple Backs SEC’s Proposed Crypto Regulation, Calls for End to Case-by-Case Enforcement XRP Ledger Bug Fixes Set for Friday Activation as DeFi Lending Awaits Approval Governance Changes Aim to Broaden Community Participation The treasury vote follows a wider push to improve how XAO DAO members take part in decisions. In an October 22 update, the organization announced that several proposals had passed in recent weeks and introduced a community forum.
Marzella also outlined updates to the governance app, including proposal management, discussion tools, XRP and RLUSD donation tracking, support for several languages and searchable records.
As CryptoPotato reported in August, XAO DAO was preparing governance changes that included wallet delegation, revised quorum rules and community mini-grants. Delegation would let members assign their voting power to others, while changes to quorum rules were intended to address inactive wallets that could obstruct proposals.
The broader concern was how to turn community participation and funding into lasting activity across the XRP Ledger ecosystem. That question also arose after XRPL infrastructure team Gen3 announced on August 12 that it would wind down its retail products Aigent.run and AxiomProtocol, citing weak demand and rising infrastructure costs.
XRPL stablecoin supply has dropped sharply. According to DefiLlama data, the XRP Ledger’s total stablecoin market cap contracted 13.19% over the past week.
It now sits at roughly $999.9 million, just below the $1 billion mark. XRPL still ranks 12th globally by stablecoin supply. It holds that position ahead of Aptos in 13th place.
RLUSD, Ripple’s dollar-pegged token, remains the dominant force, carrying over 90.75% of all stablecoin value on the ledger.
What Is Driving the XRPL Stablecoin Contraction? The numbers tell a clear story. RLUSD’s market cap on XRPL dropped to around $907 million as of October 22, 2026. That marks a 14.39% decline over seven days.
Earlier in October, total stablecoins on the ledger had climbed past $1.3 billion on strong growth weeks. The pullback from that peak is significant.
This is not random. CoinGape earlier reported on Ripple’s RLUSD mint and burn activity, Ripple Treasury minted $38.6 million on Ethereum while burning $50.6 million on XRPL.
That is a net $12 million reduction in circulating supply. The pattern points to a deliberate cross-chain rebalancing.
Institutional demand appears to be pulling RLUSD liquidity toward Ethereum rails, where DeFi use cases and collateral applications are more mature.
The concentration risk on XRPL is real. With one issuer controlling over 90% of stablecoin supply, any mint or burn decision by Ripple moves the market.
Even so, RLUSD’s total circulating supply across all chains remains in the $2.35–2.4 billion range, which suggests the ecosystem itself is not shrinking, only redistributing. That distinction matters for how investors should read this data.
New Partnerships Hold the Floor as Investors Watch the Recovery Despite the contraction, XRPL’s stablecoin infrastructure is expanding. Cross River Bank recently integrated RLUSD into its core banking platform on the XRP Ledger.
That move opens RLUSD-powered settlement, cross-border transfers, and blockchain payments to a broad network of fintech firms.
Settlement-focused demand of that kind could gradually restore supply to the ledger as partner volume grows.
Ripple has also partnered with Arf to supply RLUSD-backed working capital to licensed cross-border payment firms on XRPL.
Arf plans to deploy that liquidity through XRPL’s native lending protocol once it launches. Similarly, Standard Chartered opened RLUSD institutional custody through its Dubai DIFC branch, a signal that regulated institutions see long-term value in the ledger’s payment rails.
Context also helps here. As CoinGape reported, XRPL overtook Stellar in stablecoin supply earlier this year as RLUSD gained momentum, a position it still holds today even after the weekly pullback.
The XRPL stablecoin supply figure is a live gauge of payment and DeFi activity on the ledger, so it warrants close monitoring in the weeks ahead.
Investors should watch whether supply recovers above the $1–$1.2 billion range, how Ripple’s mint and burn pattern evolves across XRPL versus Ethereum, and whether new settlement integrations translate into measurable on-chain demand.
Velcí držitelé XRP poslali na Binance XRP v hodnotě 112,4 milionu USD, což je nejvíce za posledních sedm měsíců a signalizuje vyšší prodejní tlak. Přílivy se však nedávno vrátily na běžnější úrovně.
XRP whales sent $112.4 million to Binance, the highest inflow level in seven months, according to crypto analysts. The move signals rising selling pressure from large holders.
However, fresh data suggests the heaviest selling may already be easing, and traders are watching key price levels.
🗞️ XRP Whale Inflows to Binance hit $112.4M, a 7-month high
ripple:native whale activity has intensified in recent weeks, with selling pressure rising sharply. Here, we define whales as transactions exceeding 1 million XRP, which allows us to attribute them to this specific… pic.twitter.com/FsLRe63FTp
— Darkfost (@Darkfost_Coc) October 22, 2026 What XRP Whale Inflows Reveal About Selling PressureWhale inflows track large transfers from major holders to exchanges, usually before a potential sale. In this case, crypto analyst Darkfost counts transactions above 1 million XRP.
These flows matter because holders can sell tokens on an exchange within minutes. Therefore, rising inflows often precede short-term price weakness.
The surge coincides with XRP’s rebound of more than 30% since August. As a result, many large holders appear to have used the rally to lock in profits.
Monthly average inflows also rose by about $72 million, while the previous three months averaged roughly $90 million. In addition, daily spikes topped $400 million at times.
However, recent data shows inflows returning to more normal levels. That suggests the heaviest selling pressure may have eased, at least for now.
At the time of writing, XRP trades near $1.33, according to BeInCrypto data. Its 24-hour range sits between $1.32 and $1.40, while its market cap stands near $84 billion.
XRP Price Performance. Source: BeInCryptoCan XRP Break Above $1.40 or Fall Toward $1.26?Technical analysts remain divided. CryptoBusy notes that XRP is testing a major descending resistance trendline on the four-hour chart. The token recently climbed from $1.26 toward $1.40.
A confirmed breakout above the $1.38 to $1.40 zone could open a path toward $1.45 and $1.50. However, failing to hold $1.33 could send XRP back toward $1.30 or even $1.26.
$XRP is testing a major descending resistance trendline on the 4H chart after recovering from $1.26 toward $1.40.
Price briefly broke above the trendline but faced selling pressure, pulling back toward $1.34.
A confirmed breakout above $1.38-$1.40 could open the door toward… pic.twitter.com/ApW8aoQB1b
— CryptoBusy (@CryptoBusy) October 22, 2026 Meanwhile, EGRAG Crypto offered a more cautious view. His chart sketch raises the possibility of a dip toward $1.18 before a push to $1.63 and $1.80. He also stressed that this remains a hunch until price action confirms it.
On the bullish side, Ali Martiez set an immediate target of $1.55 if key levels hold. For now, the $1.33 level acts as the line between a recovery and a deeper pullback. Traders may want confirmation before acting on either scenario.
Still, large holders can move markets quickly, so exchange inflows remain a key signal to watch.
XRP’s 365-day Market Value to Realized Value (MVRV) has dropped to 0.92, marking its lowest level in over a year and placing most recent buyers firmly in negative territory. According to data from Santiment Intelligence, Dogecoin (DOGE) is the only other major altcoin with a similar pattern, showing a near-term MVRV score of 0.74. These subdued readings indicate minimal profit-taking incentive, as the majority of holders are currently experiencing unrealized losses.
XRP approaches critical demand zoneThe latest market behavior suggests a low-risk demand area has formed around XRP’s present support levels. Such depressed MVRV ratios typically highlight zones where selling pressure is tapering off and may identify price areas favorable for accumulation. Technical analysts often view ultra-low MVRV scores as signs of capitulation, signaling that sellers are exhausted and buyers could soon step in.
When MVRV is elevated, however, new buyers take on additional risk, as recent entrants are more likely to hold unrealized gains, fueling possible sell-offs. In comparison, BTC, ETH, and LINK reveal neutral MVRV readings ranging from 0.97 to 1.04, which places their holders near break-even and reflects scant evidence of extreme greed or panic in those markets.
It is important to note that a low MVRV score does not guarantee a price rebound. The situation remains contingent on increased activity from both institutional ‘whale’ investors and retail participants buying at local bottoms. Without robust inflows, the technical setup alone may not trigger sustained upward momentum.
Technical chart and derivatives market insightsXRP’s short-term outlook is shaped by technical signals on its price chart. The currency’s mid-tier Bollinger Band currently sits at $1.3822, providing a reference for potential bullish confirmation if prices push higher. Reaching this zone could set up a rally toward the upper Bollinger Band near $1.5255. On the downside, the lower band at $1.2418 highlights a key leveraged support level.
The derivatives market adds further context, with recent data revealing a 26% surge in trading volume. However, most liquidations have targeted long positions, and short-sellers outnumber bulls with a long-to-short ratio of 0.8345. Despite this, the funding rate on open interest (OI) has turned positive, indicating that traders holding short positions are paying a premium to maintain those bets as the price has shown upward movement.
Following a round of long position liquidations, open interest slipped slightly but remains strong, with total value approaching $3 billion. This matches aggregate spot and futures trading volumes, underscoring ongoing demand for XRP despite recent volatility and uneven sentiment in the broader cryptocurrency space.
XRP’s latest MVRV readings reveal that most recent buyers are still underwater, suggesting a diminished incentive for profit-taking at current levels and positioning XRP among the major altcoins with the lowest realized returns.
Market context and investor strategiesAcross multiple time frames, larger digital asset investors continue to show a selling bias, which may weigh on short-term price action. Nonetheless, yearly MVRV scores can be useful to monitor, as they often reveal market dynamics and sentiment shifts that traders might overlook or misinterpret as simple weakness.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, monitoring indicators such as MVRV, Bollinger Bands, and open interest has grown in importance. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen. By bringing these resources together, investors hope to navigate shifting market conditions more efficiently and avoid unnecessary losses stemming from fragmented information.
Ripple a Arf nabídnou licencovaným platebním společnostem krátkodobé financování v tokenu RLUSD na platformě XRP Ledger pro přeshraniční platby, obvykle se splatností od jednoho do pěti dnů.
Ripple, a blockchain payment solution, has partnered with Swiss-regulated payment platform Arf to bring RLUSD-powered funding to the XRP Ledger (XRPL). The partnership will help licensed payment companies access short-term funds for cross-border payments without keeping large amounts of money in accounts across different countries.
Arf and Ripple Join to Speed Up Cross-Border PaymentsIn a press release on October 22, 2026, Arf and Ripple announced a partnership to help payment companies access money when and where they need it.
Cross-border payments move trillions of dollars each year, but payment companies often need working capital available in different countries before transactions are completed. Traditional bank credit lines can take months to establish and may require significant collateral.
This creates a problem for companies that need funds available in the right market at the right time. Through the partnership, Arf and Ripple aim to address this gap using RLUSD and the XRP Ledger’s settlement network.
Jasmine Cooper, Head of Product for RippleX at Ripple, said that “Settlement liquidity is exactly the kind of use case XRPL and RLUSD are built to support.”
Settlement liquidity is exactly the kind of use case @XRP Ledger and RLUSD are built to support.@Arf_One is bringing its approach to settlement liquidity to the XRP Ledger, using RLUSD to support short-term working capital for licensed payment companies as cross-border payments… https://t.co/h4XdEzA3IF
— Ripple (@Ripple) October 22, 2026 Under the first phase, Arf will provide short-term funding in Ripple USD (RLUSD) on the XRP Ledger. Licensed payment companies can use these funds to send money across borders and repay them once payments are complete, usually within one to five days.
Arf Brings $10B in Annual Settlements to XRPLArf payments platform has scaled to around $10 billion in annual global settlement volume since launching in November 2022. Its capital turns over about four times a month, allowing funds to support repeated payment flows rather than sit idle.
Ali Erhat Nalbant, Arf’s co-founder and CEO, said the partnership would bring stablecoin working capital to the XRP Ledger.
“We’re bringing stablecoin working capital to the XRP Ledger to help payment companies bridge that gap and support more payment volume.”
Arf Plans to Use XRPL’s Native Lending InfrastructureThe partnership could expand once the XRP Ledger’s native lending infrastructure becomes available. Arf plans to use the proposed Single Asset Vaults to pool capital and the Lending Protocol to support structured loans on-chain.
Arf would continue managing underwriting and working capital decisions off-chain, while the blockchain handles the lending infrastructure.
However, the proposed features must pass XRPL’s amendment process before they can launch on the main network.
Story Ends Here
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Počet peněženek XRP Ledger s nenulovým zůstatkem dosáhl rekordních 8,24 milionu. Santiment při ceně XRP kolem 1,36 USD zaznamenal vznik 4 772 nových peněženek denně.
As volatility continues in the cryptocurrency market, data from the XRP Ledger network has caught the attention of investors. On-chain analytics platform Santiment reported that the number of wallets on the XRP network has reached an all-time high, with a significant increase in new user participation.
According to data shared by Santiment, the number of wallets with a balance greater than zero on the XRP Ledger network has reached a new all-time high of 8.24 million. It was noted that this steady increase in wallet numbers continues despite the fluctuations in the XRP price in recent months.
The acceleration of network growth during the period when XRP was trading at approximately $1.36 was also noteworthy. According to Santiment data, 4,772 new wallets were created in a single day. This figure marks the fifth largest daily increase recorded since March.
Analysts believe the acceleration in new wallet creation activity could signal a renewed surge in interest in the XRP ecosystem. However, Santiment stated that for growth on the network to support bullish expectations, price movements must also confirm this trend.
XRP Price at $1.40 Critical: Two Different Scenarios Santiment stated that the first important level to watch for the XRP price in the short term is $1.40.
According to the platform, a rapid return to the $1.50 level could become possible if XRP maintains a sustained move above $1.40 and the number of new daily wallets remains around or above 4,000.
However, in a negative scenario, if XRP loses the $1.30 support level and daily new wallet creation falls below approximately 3,000, it could indicate that the positive signals from increased adoption on the network are weakening in the short term.
*This is not investment advice.
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Hodnota tokenizovaných aktiv na XRP Ledger dosáhla ve 2. čtvrtletí 2026 v průměru 3,72 miliardy USD, což představuje více než třicetinásobný meziroční nárůst. Průměrný zůstatek RLUSD vzrostl o 642 % na 539 milionů USD.
The XRP Ledger now handles close to 3 million transactions per day and holds about 8.2 million accounts. It is also being used more for stablecoins, trading and tokenized assets.
The mix of activity is changing. The network processed 222.4 million transactions in Q2 2026, its second-highest quarter on record. Yet daily active accounts fell.
At the same time, order-book trading rose 79% year over year in Q2. The average value of tokenized assets on the network reached about $3.72 billion, and adding RLUSD lifted that to about $4.26 billion.
This article reviews the main XRP Ledger statistics for 2026 using data from Blockworks, Evernorth, DefiLlama, Bitquery and others. Providers measure activity in different ways, so we explain how each figure is counted.
XRP Ledger Statistics at a Glance Table of Contents
The table below collects the main figures for 2026. The source is listed for each one.
Metric Figure Source Total accounts About 8.2 million XRPL analytics New accounts, first half of 2026 About 490,000 XRPL analytics Q1 2026 transactions About 238 million (record) Blockworks Q2 2026 transactions 222.4 million Evernorth Current daily transactions About 2.9 million DefiLlama Payment share of Q1 transactions 51.3% Blockworks Q2 DEX volume per day 4.42 million XRP Evernorth Order-book volume growth, Q2 +79% year over year Evernorth Stablecoin market cap Above $1.1 billion DefiLlama Average RLUSD balance, Q2 $539 million Evernorth Average tokenized assets, Q2 $3.72 billion Evernorth Transactions since launch About 5.06 billion Bitquery XRP burned through fees About 14.4 million XRPL Dashboard There is no single accepted definition of an active account, a DEX trade or a tokenized asset. That is why figures from different providers can look far apart.
How Many XRP Ledger Accounts Are There? Current XRPL analytics put the number of accounts at about 8.2 million. At the end of Q3 2025, the total was about 6.9 million. The count grew 6.1% in that quarter alone.
Growth continued in 2026. About 490,000 new addresses were added in the first half of the year. XRP Ledger Dashboard recently recorded more than 22,000 account creations over a seven-day period.
Figure 1: XRPL accounts rose from about 6.9 million at the end of Q3 2025 to about 8.2 million. Account counts are not user counts. One person can control several addresses.
The reverse also happens. A single exchange address can serve thousands or millions of customers. XRPL supports destination tags, which let custodians identify each customer deposit without creating a new address for every user.
Account creation requires XRP An XRPL account must hold a base reserve before it is fully active. The reserve fell from 10 XRP to 1 XRP in December 2024.
Because each account needs some XRP, creating huge numbers of accounts carries a cost. That makes raw account creation harder to spam than on networks where addresses are free. The lower reserve did make accounts cheaper to create than in past years.
How Many People Use the XRP Ledger Each Day? This is harder to answer than it looks. DefiLlama reports about 39,000 active XRPL addresses in 24 hours, along with about 2,800 new addresses. A late-September snapshot showed more than 45,000 active addresses and 3,129 new ones in a single day.
Evernorth’s Q2 analysis found a lower average of 16,587 daily transacting accounts. Blockworks reported a similar figure of about 16,800.
Figure 2: Daily active account counts range from about 16,600 to 45,000 depending on the provider. Why the gap? Providers define activity differently. Evernorth’s measure focuses on addresses that start transactions, while broader datasets can include other kinds of ledger activity.
Provider Measure Figure DefiLlama Active addresses, 24 hours About 39,000 DefiLlama Active addresses, late-September snapshot More than 45,000 Evernorth Daily transacting accounts, Q2 average 16,587 Blockworks Daily active addresses, Q2 average About 16,800 The safe takeaway is not that XRPL has exactly 16,000 or 40,000 daily users. Address-based statistics do not translate directly into unique people.
Active accounts fell in Q2 2026 Even with strong transaction counts, daily participation weakened in Q2. Evernorth’s 16,587 transacting accounts per day was down about 24% to 25% from a year earlier. New accounts averaged 2,783 per day, also down about 25%.
Blockworks’ broader data showed a similar picture. Daily active addresses of about 16,800 were down 10.7% from Q1 and 24.5% year over year.
This sets up one of the main trends of 2026. Transaction counts and asset values stayed high while active-address measures fell.
XRP Ledger Transaction Statistics XRPL processed about 222.4 million transactions in Q2 2026. That was its second-highest quarterly total on record. Q1 2026 set the record at about 238 million, so Q2 fell about 6.5% from the prior quarter.
Q2 averaged about 2.44 million transactions per day. DefiLlama recently recorded around 2.9 million in a 24-hour period.
Figure 3: Average daily transactions rose from 1.83 million in Q4 2025 to about 2.9 million in the latest 24-hour reading. Q1 transactions jumped 35% The rise began earlier in the year. Blockworks reported that average daily transactions grew from 1.83 million in Q4 2025 to 2.48 million in Q1 2026. That is growth of 35.3% quarter over quarter.
Activity eased a little in Q2, but throughput stayed well above many earlier periods.
Period Measure Figure Q4 2025 Average per day 1.83 million Q1 2026 Total About 238 million Q1 2026 Average per day 2.48 million Q2 2026 Total 222.4 million Q2 2026 Average per day About 2.44 million Latest 24 hours Total About 2.9 million More than 5 billion transactions since launch Bitquery analyzed the full ledger through September 2026 and counted about 5.06 billion transactions. Few public blockchains have handled that volume over so long a period.
The same research carries a warning. In August 2026, just 793 accounts generated about 93% of transaction traffic.
That points to automated services, market-making bots and other machine activity. A high transaction count does not mean millions of people use XRPL by hand each day.
Payments and Fees on the XRP Ledger XRP was built mainly for moving value, and payments remain the largest transaction type. In Q1 2026, payments made up 51.3% of all transactions.
OfferCreate transactions place orders on the built-in decentralized exchange. They made up another 33.7%. Together the two types were about 85% of network activity.
Figure 4: Payments and OfferCreate orders made up about 85% of XRPL transactions in Q1 2026. Payments had passed OfferCreate for eight straight quarters by Q1. Before 2024, OfferCreate was often the largest category.
What counts as an XRPL payment? A Payment transaction does more than send XRP. It can move XRP, RLUSD, other stablecoins, issued currencies and tokenized assets.
XRPL also supports payment paths that can swap one asset for another along the way. A sender can hold one currency while the recipient receives another. This has been part of the ledger’s focus on payments and foreign-exchange settlement.
Transaction fees are very low The base transaction fee is 10 drops. One XRP contains one million drops, so the fee is a tiny fraction of an XRP. Network dashboards still show the 10-drop base fee.
Fees are not paid to validators. The XRP used for fees is permanently destroyed, and about 14.4 million XRP has been burned since the ledger began.
Against a maximum supply of 100 billion XRP, that burn is small. Its main job is to discourage spam, not to shrink supply quickly.
XRPL Decentralized Exchange Statistics Unlike many blockchains, XRPL does not need a separate smart contract app to run an exchange. A central-limit order-book DEX is built into the protocol. Users can offer to trade XRP for tokens, tokens for XRP or one token for another.
XRPL later added automated market makers, or AMMs, through XLS-30. Order books and liquidity pools now work side by side.
DEX volume averaged 4.42 million XRP per day Total DEX trading in Q2 2026 averaged about 4.42 million XRP per day. That is about 20% higher than Q2 2025 and about 16% below Q1 2026.
In dollar terms, Blockworks-based data put Q2 DEX volume at about $482.9 million. DefiLlama shows about $3.7 million over 24 hours and about $36 million over seven days. Daily volume moves with XRP prices and market conditions.
Order-book volume rose 79% Order-book trading averaged 3.57 million XRP per day in Q2, up from about 1.99 million a year earlier. That is growth of about 79%.
Order books made up 81% of XRPL DEX trading in Q2, compared with 54% a year before. AMMs therefore held a smaller share of volume, though they remain an important part of the network.
Figure 5: Order-book volume rose from 1.99 million to 3.57 million XRP per day year over year. Fewer traders are moving more XRP Trading became more concentrated. The number of accounts placing order-book trades each day fell from 1,864 to about 1,111, a drop of around 40%.
Average activity per account rose from about 1,072 XRP to 3,217 XRP per day. The typical active account moved roughly three times as much XRP.
Figure 6: Daily order-book accounts fell while average XRP traded per account nearly tripled. Order-book measure Q2 2025 Q2 2026 Volume per day 1.99 million XRP 3.57 million XRP Share of DEX volume 54% 81% Accounts trading per day 1,864 1,111 XRP traded per account per day 1,072 3,217 This fits with more activity from professional traders, market makers or institutions. But addresses do not reveal their owners, so the data alone cannot show that institutions replaced retail traders.
AMM pools and token listings XRPL.to indexes more than 30,000 AMM pools. It shows about 25 million XRP of liquidity in the pools covered by its trading statistics.
Many pools hold little liquidity or trade rarely, and a small pool is easy to create. The pool count should not be read as 30,000 real markets.
The same site lists about 20,000 tokens. Its tracked token market has recently shown 4 to 5 million XRP in daily volume, more than 120,000 daily trades and more than 7,000 unique daily traders, depending on the period measured.
As on other blockchains, many tokens have little liquidity. The number of listed tokens is not the number of projects with real economic use.
Stablecoin and RLUSD Statistics on XRPL Stablecoins may be the most important new form of activity on the ledger. DefiLlama estimates XRPL’s stablecoin market cap at about $1.11 billion. RLUSD makes up about 92% of that total.
Other stablecoins on XRPL include USDC, EURCV, USDB, BBRL, EUROP and AUDD. The network was designed to let issued currencies move alongside XRP, which suits stablecoins.
RLUSD balances rose more than 600% Ripple’s dollar-backed RLUSD is now the main stablecoin on the ledger. In Q2 2026, average RLUSD balances on XRPL reached about $539 million. A year earlier they were about $73 million, a rise of roughly 642%.
XRPL’s share of total RLUSD circulation grew from 20% to 34%. The value moved using RLUSD rose about 925% year over year.
Figure 7: Average RLUSD balances on XRPL rose from $73 million to $539 million in a year. RLUSD measure Q2 2025 Q2 2026 Average balance on XRPL $73 million $539 million Share of total RLUSD circulation 20% 34% Value transferred Baseline Up about 925% Stablecoin supply kept growing after Q2. That is why XRPL’s total stablecoin market cap now sits above $1 billion.
The other growth area is real-world asset tokenization. XRPL lets issuers put financial assets directly on the ledger without conventional smart contracts. The ledger supports fungible tokens, multi-purpose tokens, stablecoins, tokenized funds, bonds, Treasury products and other real-world assets.
Issued assets can also trade through the native DEX and AMM.
Tokenized assets averaged $3.72 billion in Q2 Evernorth calculated that tokenized assets on XRPL averaged about $3.72 billion in Q2 2026. That was more than double the Q1 level and more than 30 times the level a year earlier.
Adding average RLUSD balances of about $539 million brings the average network value to $4.26 billion. Six quarters earlier, the same measure was only $99 million.
Figure 8: Tokenization totals range from $21 million to $4.26 billion depending on the definition. Why tokenization numbers differ Tokenization figures change a lot with the method. One tracker reported about $4.10 billion of real-world assets on XRPL at the end of September 2026, but only about $499 million was classed as distributed. DefiLlama uses a narrower active RWA AUM definition and reports about $21 million.
These figures do not necessarily conflict. One may count the total value of tokenized products, while another counts only assets actively issued, distributed or used in DeFi. It is worth checking what any AUM figure measures.
Measure Source Value Average tokenized assets, Q2 2026 Evernorth $3.72 billion Average network value with RLUSD, Q2 2026 Evernorth $4.26 billion Real-world assets represented, end of September Tracker data $4.10 billion Real-world assets classed as distributed Tracker data $499 million DeFi TVL DefiLlama About $40 million Active RWA AUM DefiLlama About $21 million Tokenized Treasuries and institutional controls In Q2 2026, part of a tokenized U.S. Treasury fund was redeemed with the asset leg settling on XRPL in under five seconds. XRPL’s tokenization documentation names Ondo Finance, Société Générale, Ripple and Vert among firms using or building asset infrastructure on the network.
Compliance is a barrier for institutions, since a regulated firm cannot trade with any anonymous wallet. XRPL development has focused on credentials, permissioned domains, permissioned markets, multi-purpose tokens and issuer controls.
These tools let institutions limit access to approved participants while still settling on a blockchain. That is a different target market from fully permissionless DeFi.
Low DeFi TVL does not tell the whole story DefiLlama reports about $40 million in DeFi TVL on XRPL. That is small next to Ethereum or Solana, and it looks at odds with billions in tokenized assets.
The gap is one of definition. A tokenized Treasury issued or settled on XRPL does not necessarily sit inside a lending protocol or liquidity pool. TVL captures only one slice of the network’s economic activity.
More Value, Fewer Participants The clearest theme in the 2026 data is a split between participation and economic activity. In Q2, daily transacting accounts fell about 24% year over year. New accounts fell about 25% and daily order-book traders fell about 40%.
Over the same period, order-book volume rose 79% and total DEX volume rose about 20%. Tokenized asset value rose more than 30 times, RLUSD balances rose more than 600% and RLUSD transfer value rose more than 900%.
Figure 9: In Q2 2026, participation measures fell while stablecoin and trading value measures rose. This does not prove institutional adoption. It does show that the value tied to the active parts of the network is growing much faster than the number of accounts using them.
The Bottom Line The XRP Ledger handles more activity than its small DeFi footprint suggests. It has about 8.2 million accounts and processes roughly 2 to 3 million transactions per day. Q1 2026 set a record at about 238 million, and Q2 followed with 222.4 million.
Payments remain central at 51.3% of Q1 transactions, with DEX orders adding 33.7%. DEX volume is growing even though fewer accounts trade. Q2 volume averaged 4.42 million XRP per day, with order-book trading up 79% and daily order-book traders down about 40%.
The larger change is in stablecoins and tokenization. Average RLUSD balances reached $539 million in Q2, more than six times a year earlier, while tokenized assets averaged about $3.72 billion. Together that put average value on the network near $4.26 billion.
The 2026 story is less about account growth and more about what moves across those accounts. Whether institutional and tokenization use can lead to broader user growth is a key measure to watch.
Sources Blockworks Research: State of XRP Q1 2026. Network transaction totals, transaction-type mix, payments and active accounts. Blockworks Intel: XRP Ledger Analytics. Current transaction, account, stablecoin and DEX analytics. CoinDesk: XRP Ledger Has Fewer Active Accounts but Bigger Trades and More Value. Evernorth Q2 2026 data on order-book activity, accounts, tokenization and RLUSD. DefiLlama: XRP Ledger. Current transactions, active addresses, stablecoin supply, RWA AUM, DeFi TVL and DEX activity. XRPL.org: Decentralized Exchange. Official documentation on the native order-book DEX. XRPL.org: Automated Market Makers. Official documentation on XLS-30 AMMs, liquidity pools and LP tokens. XRPL.org: Real-World Asset Tokenization. Official documentation on tokenized financial assets and institutional use cases. XRPL.org: Stablecoin Issuer. Official information on issuing and trading stablecoins on XRPL. XRPL.to: Token Market Analytics. Live data on token trading, AMMs, traders and liquidity. XRPL.to: On-Chain Analytics. Token counts, AMM pools, trading activity and ledger analytics. Bitquery: XRP Ledger Adoption Audit. Full-ledger study of more than 5 billion transactions and traffic concentration. XRPL Dashboard: Live Ledger Statistics. Account creation, XRP burn, escrow and ledger statistics.
Uphold listed Evernorth stock on Oct. 20, letting eligible U.S. investors trade shares of the XRP treasury company.
Evernorth started trading on Nasdaq on Oct. 12 after merging with Armada Acquisition Corp. II.
The company held about 473 million XRP and raised about $300 million in gross cash proceeds at closing.
Ripple, Kraken, Coinbase, and BitGo were named as initial partners for its treasury strategies.
Uphold’s equities service offers fractional investments starting at $5.
Uphold has added Evernorth Holdings Inc. stock to its platform, giving eligible U.S. investors a new way to gain exposure to XRP. The digital asset trading platform announced the listing on Oct. 20 in a post on X.
Evernorth is a public company that accumulates and manages XRP. It entered public markets holding approximately 473 million XRP tokens.
Buying Evernorth shares is different from owning XRP directly. Shareholders own part of a business, while direct XRP holders own tokens they can move to a personal wallet.
The value of an Evernorth investment depends on more than the price of XRP. It also reflects the company’s financing decisions, operating performance, and treasury management.
New stock listing: $XRPN@Evernorthxrp (XRPN), the public stock backed by a corporate XRP treasury, is now available to trade on Uphold.
Check it out in the Uphold app 📲
Securities are offered via Uphold Securities Inc. in a fractional capacity and custodied by Apex Clearing… pic.twitter.com/XR7Z5tbFRb
— Uphold (@UpholdInc) October 20, 2026
Evernorth’s Path to Nasdaq
Evernorth began trading on Nasdaq on Oct. 12 after combining with Armada Acquisition Corp. II. Armada was a special purpose acquisition company, a business formed to take another company public through a merger.
Armada shareholders approved the deal on Sept. 30. An administrative delay later pushed the transaction past its original schedule.
The first plan called for an Oct. 7 closing and an Oct. 8 trading start. The revised timeline moved the closing to Oct. 9 and the first trading day to Oct. 12.
When the merger closed, Evernorth held approximately 473 million XRP. It had also raised approximately $300 million in gross cash proceeds before transaction expenses.
Backers included Arrington Capital, Pantera Capital, SBI Group, Ripple, Kraken, and GSR. SBI Group is a Japanese financial services company, while GSR is a cryptocurrency trading firm and liquidity provider.
How Evernorth Plans to Use Its XRP
On Oct. 14, Evernorth named Ripple, Kraken, Coinbase, and BitGo as initial execution partners for institutional treasury strategies. The company said deployment was planned to begin in the fourth quarter.
These partnership agreements still depend on customary closing conditions. They also require regulatory and corporate approvals.
Evernorth aims to increase its XRP per share, which measures how much XRP the company holds compared to its outstanding shares. It plans to do this by buying more XRP and earning returns on its current holdings.
Early activities would involve established financial and cryptocurrency firms. Evernorth’s investment and risk team would oversee this work.
A later phase would put capital into decentralized finance applications, which use blockchain-based programs for lending and trading. Evernorth plans to launch these strategies on the XRP Ledger once validators, the servers that verify transactions, activate native lending features and they are proven on the live network.
Uphold’s U.S. equities service requires separate onboarding from its crypto platform. It offers more than 4,000 U.S. stocks and exchange-traded funds, with fractional investments starting at $5.
Users can buy shares with cash or with cryptocurrency converted into dollars. Uphold Securities Inc., a registered broker-dealer, offers the securities, while Apex Clearing Corp. holds them and settles trades.
David Schwartz, Ripple’s Chief Technology Officer, recently drew attention to the Fuzzy Cards project by posting a photo on X of himself opening physical Fuzzy Cards booster packs at home. He publicly expressed his gratitude to the sender and cited the project’s official account in his post.
Schwartz’s engagement spotlights XRP-based card gameFor many in the cryptocurrency community, Schwartz’s gesture was seen as a sign of top-level interest in Fuzzy Cards, a physical trading card game linked to the XRP Ledger. Until this moment, the game had remained under the radar for a sizable number of XRP market participants.
Earlier in May, Schwartz opened a trustline to FUZZY, the meme token powering the project’s game ecosystem. The unboxing photo came just before the Ripple Swell 2026 conference in New York, where XRP supporters are planning a parallel gathering called FuzzyCon dedicated to the card game and its community.
Origins and development of Fuzzy CardsFuzzy Cards traces its story back to a historical event on January 1, 2014, when the FuzzyBear wallet listed an order on the XRP Ledger’s decentralized exchange to swap 1 XRP for 1 BTC. This trade went unfilled, but the anecdote later inspired the creation of FUZZY, launched as a meme token in early 2025. FUZZY had attracted more than 11,500 holders by October 2026.
The project is published by XPUNKS GmbH, a Zug-based Swiss firm led by Kai Leroy, which became the first to introduce a trading card game within the XRP Ledger ecosystem. The debut set offers 150 unique cards grouped into five in-game factions and split between Heroes, Relics, and Events. Of these, around 60 cards are released in special holographic editions.
Mini dictionary: XPUNKS GmbH — A Swiss company specializing in developing NFT and trading card projects on the XRP Ledger, known for its flagship NFT collection and pioneering hybrid Web3 products.
Distribution relies on a hybrid process where users purchase digital packs as NFTs compliant with the XLS-20 protocol. Players then burn these digital packs through a dedicated portal. After each burn is confirmed on the blockchain, the system delivers a sealed physical booster pack containing five randomly drawn cards. These cards are suitable for professional grading by CGC, PCA, and TAG.
AspectFuzzy Cards ProjectTraditional Trading CardsDistribution MethodHybrid (NFT burn-to-physical delivery)Physical sales onlyBlockchain IntegrationXRP Ledger (XLS-20 standard)Not applicableCard Set Size150 unique cardsVariesGrading SupportCGC, PCA, TAGMajor card grading companiesMarket adoption and outlookSo far, collectors and players have burned roughly 100,000 Fuzzy Cards booster packs. XPUNKS GmbH’s founder Kai Leroy assessed that this hybrid mint-and-burn mechanic is gaining traction as part of a broader trend in hybrid Web3 projects, where demand appears to be shifting toward assets with tangible value during the current market upswing.
“A 150-card set can generate trillions of combinations, which helps insulate the sector from rapid speculative launches,” project insiders emphasized, pointing to the challenge of balancing game mechanics with long production timelines.
The difficulty of replicating Fuzzy Cards on short notice is mainly attributed to the intricate balance required for gameplay and the extended timeframes needed for physical production.
Despite ongoing development, FUZZY remains a volatile meme asset, with its market price closely following the broader XRP trend. Meanwhile, efforts to expand retail access through partnerships with local board game stores are still in an early rollout phase, with commissions offered as incentives to partners.
While market activity around $FUZZY grows, most dealers and traders are just beginning to notice the game’s adoption in physical and digital spaces.
Držitelé XRP už kvůli nové vlně podvodů přišli o miliony XRP. Zakladatel společnosti Xaman Wietse Wind upozornil, že denně vzniká více než 20 falešných účtů a 10 podvodných webů napodobujících Xaman.
XRP holders are facing a surge of targeted scams that have already resulted in multi-million XRP losses across the community, according to analyst Zach Rector. Reflecting growing concern within the ecosystem, Rector has publicly called for heightened vigilance from both new and seasoned XRP investors.
Scam operations targeting XRP users are now running on two fronts. On one side, cybercriminals are creating new social media accounts that closely resemble verified gold badge profiles, posing as Xaman, Ripple, and high-profile community members. These impersonations often seek to gain trust by presenting a familiar identity before directing users to malicious links or fraudulent schemes.
In parallel, scammers have managed to compromise genuine gold badge accounts. These verified accounts, after being obtained through illicit means, are resold on underground markets for prices ranging from $1,200 to $2,000. They are subsequently used to share phishing links designed to deceive followers and drain their cryptocurrency holdings.
Xaman Wallet founder Wietse Wind explained that more than 20 fake X accounts and 10 fraudulent websites impersonate Xaman each day, promoting a false desktop app and a non-existent XRP airdrop. Wind emphasized that no “Xaman” token exists and none will be created, following the promotion of a fake “XMN” token by a compromised verified account.
These methods have greatly amplified the threat landscape for XRP holders, making it increasingly difficult to distinguish genuine updates from fraudulent communications.
Mini dictionary: Xaman, a widely used XRP wallet platform, allows users to safely store and manage their XRP and other tokens on the XRP Ledger. Xaman is known for its commitment to security and user privacy, but it does not have any official desktop app or token.
Scam TypeMethodImpersonated EntityFake accountsNew profile creationXaman, Ripple, community leadersCompromised verified accountsHacked, resold, used for scamsGold badge holdersFake Ripple posts, cloned sites, and influencer impersonationsA fraudulent Ripple profile recently promoted an “XRP Holder Tiers” campaign, luring users to a counterfeit website with promises of exclusive XRP badges. BankXRP, a popular news aggregator in the XRP space, stated that Ripple has never issued such an announcement. The platform reiterated that neither Ripple nor the XRP Ledger ask holders to register for badges or special benefits.
Additionally, websites visually mimicking xaman.app have emerged. These sites both replicate Xaman’s branding and feature counterfeit governance vote badges and wallet connection options, which are designed to empty connected wallets. Impersonators have also targeted Ripple CTO David Schwartz and CEO Brad Garlinghouse, with fake accounts proliferating on platforms such as Instagram and Telegram.
Zach Rector warned that no legitimate party will ever contact XRP holders on social media, email, or other channels offering unsolicited help or requesting sensitive information.
As part of an effort to curb damages and protect users, Rector has launched a free “Crypto Basics” course. The initial lesson covers best practices for securing digital assets and is freely available through a Patreon membership. Rector expressed disappointment over the scale of the attacks, indicating that losses already amount to millions of XRP within the community.
He highlighted the evolving nature of scam tactics, stressing the importance of ongoing education for both newcomers and veteran XRP holders. According to Rector, any unsolicited contact regarding XRP should be regarded as a likely scam attempt and treated with caution.
XRP Ledger zaznamenal 25,7 tisíce aktivních účtů, což představuje mezidenní nárůst o 12 %, přičemž vzniklo jen 4,5 tisíce nových účtů. Aktivita tak zřejmě pochází hlavně z reaktivovaných peněženek.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP Ledger is showing a sharp rise in activity. Data from XRPScan indicates 25.7K active accounts on October 21, up approximately 12% in a single day. The 30-day average is 18.6K, so this is a clear jump above normal levels.
Are They Really New Users?Only 4.5K new accounts were created, a 35.6% increase. That means most of the 25,000 active accounts already existed. Many are probably older wallets that have become active again. The jump looks more like returning users than a flood of newcomers. Still, a rise in both new and returning accounts is a healthy signal for the network.
Source: XRP Ledger Other numbers support the picture. Transactions rose 55.9% to 3.5M, and successful transactions grew 67.8% to 2.9M. Transactions per ledger climbed 61.5% to 179.34, which indicates the ledger is handling more load. XRP burned as fees went up 20% to 747.6 XRP. More activity means more fees are destroyed, which slightly reduces supply.
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Not every metric is positive. Payments fell 4.4% to 741.9K, and payment volume dropped 49.6% to 350.9M XRP. Active users, a separate measure, fell 50% to 85.2K. This indicates the added activity is not necessarily coming from large payments. It may also come from smaller transactions, token activity, or bot-like behavior. The all-time high for active accounts is 106K, so the network is still far from its peak.
What the Price Chart SaysXRP trades near $1.33, after a daily range between $1.32 and $1.37. The price sits just below a key long-term average near $1.37 to $1.40, which has acted as resistance. Support is around $1.25, where the price bounced earlier this month.
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The RSI is below the midpoint, which indicates weak momentum for now. Volume has also been low in recent weeks. If account activity remains high for several days, it may signal real growth.
A move above $1.40 would be the first sign that price is following the network data. A drop below $1.25 would weaken the outlook. For now, the XRP Ledger is busier, but the price has not reacted yet.
Více než 30 % digitálních aktiv mimo centralizované burzy je již drženo v institucionální úschově, uvádí zpráva společnosti BCG, kterou si objednala společnost Ripple.
Crypto infrastructure company Ripple on Thursday said custody is no longer just a vault, but an operational layer for digital finance. As crypto-tradFi convergence grows, financial institutions are betting big not only on crypto assets such as Bitcoin and XRP but also on underlying services such as custody.
Ripple Positions Custody as Core to Digital Finance With growing focus on governance, interoperability, and integration, digital asset custody is becoming a foundational operating layer of digital finance, according to a report from Boston Consulting Group (BCG) and commissioned by Ripple.
The Beyond Safekeeping: Custody as the Operating Layer Beneath Digital Finance report found that more than 30% of digital assets, excluding holdings on centralized exchanges, are now held through institutional custody models. This share is continuing to grow amid increased demand.
Under MiCA and the GENIUS Act, security and key management have now become requirements. Institutions now see governance, policy controls, interoperability across networks, and integration with existing financial infrastructure when selecting custody providers.
Real custody is the engine running the whole financial system, now powering tokenized assets, instant settlement, and cross-border transactions.
Digital asset custody is major for tokenized real-world assets, stablecoin issuance, payments, treasury, lending, and collateral management. This shifts the business case for custody to broader value creation.
Beyond custody to value creation. Makes Ripple’s acquisitions make more sense if there is a demand for custody operating as a layer for digital finance, covering tokenisation, payments, treasury, lending and use of digital assets as collateral.
It is amazing to hear that 30% and… https://t.co/roW1P0k54O
— bill morgan (@Belisarius2020) October 22, 2026
How Institutions Can Boost Profits BCG estimates that a regional bank with a $200-300 billion balance sheet could improve its profit and loss by up to $100 million with the right custody decisions. Major institutions including Morgan Stanley, Citi, and BNY are already building or expanding their own custody capabilities.
Moreover, institutions can use custody models such as Wallet-as-a-Service. It is gaining traction among fintechs focused on retail and payments. Meanwhile, larger banks are increasingly licensing self-custody technology and building products on top of it.
Ripple offers integrated crypto infrastructure services. This combines custody with settlement assets, payment rails, treasury, and execution to reduce the need for multiple separate integrations. Multi-custody orchestration behind a common control layer is also becoming a market standard.
As CoinGape reported earlier, Ripple partnered with Meritz Securities to bring institutional custody and tokenization to South Korea’s capital markets. With increasing institutional interest amid regulatory clarity and tradFi-focused blockchain improvements, the demand for custody will continue to grow to safeguard digital assets.
DBS Bank, a leading financial institution in Southeast Asia, has identified the XRP ecosystem as one of the most effective frameworks for bridging digital assets with traditional payment flows. This recognition comes as both private sector and network initiatives accelerate efforts to improve institutional settlement processes across borders.
SWIFT’s real-time ledger and industry collaborationSWIFT has introduced a real-time ledger to record, order, and verify transactions. Unlike some decentralized projects, SWIFT’s model finalizes settlements using traditional banking infrastructure, maintaining existing compliance and risk protocols.
This system now supports the first live use case: 24/7 cross-border payments with bank-issued tokenized deposits. Major global banks such as DBS, BNP Paribas, HSBC, Citi, and Standard Chartered are early participants. The initiative advanced from concept to operational testing within a year.
Developers structured the SWIFT ledger to enable constant connectivity between traditional banking and digital asset networks. Direct settlement of digital assets is not handled by SWIFT; instead, the network supplies an orchestration layer that lets banks operate under current financial regulations.
Feedback from over 40 financial institutions is expected to shape future features, aiming to improve interoperability and efficiency in global payments.
Mini dictionary: SWIFT, the Society for Worldwide Interbank Financial Telecommunication, is a global messaging network that enables secure communication between banks and financial institutions, especially for cross-border payments. Its system is widely used for international fund transfers and compliance management.
Focus on interoperability and complianceDBS Bank explained that the SWIFT ledger unifies tokenized deposits, digital assets, and international payments to create a more seamless client experience. The approach maintains crucial features of correspondent banking, such as the ISO 20022 compliance framework, while improving liquidity transparency and round-the-clock operational capability.
Rather than replacing existing systems, the focus remains on building bridges between current payment rails and emerging digital networks. This strategy supports ongoing regulatory requirements while enabling new technological capabilities.
DBS Bank emphasized that connecting tokenized deposits and digital assets to international payments presents opportunities for smoother transactions and improved client service, without compromising established compliance standards.
XRP Ledger’s role in institutional settlementThe XRP Ledger, developed to facilitate efficient cross-border settlements, continues to prioritize interoperability with the established financial system. Its advocates argue that reducing friction between traditional banking and on-chain settlements is vital for digital asset adoption among institutions.
SWIFT’s current solution supports only bank-controlled tokenized deposits, while the XRP Ledger operates as a public blockchain focused on broader asset transfers.
NetworkSettlement AssetUse CaseParticipantsSWIFT LedgerTokenized deposits24/7 cross-border banking payments40+ global banksXRP LedgerXRP, digital assetsOn-chain settlement, interoperabilityPublic and private institutionsIndustry observers expect hybrid models to emerge, with both SWIFT’s orchestrated approach and public ledgers like the XRP Ledger evolving based on market demand and regulatory feedback.
Ongoing collaboration between traditional institutions and blockchain developers is expected to influence the broader adoption of tokenized deposits and digital assets, especially as regulated channels seek innovative solutions for international settlement.
Integrating established payment infrastructure with new digital networks is seen as critical to supporting the seamless movement of value worldwide, with tokenization acting as a key enabler in regulated environments.
Binance v rámci kampaně od 23. října 2026 v 00:00 UTC do 20. listopadu 2026 v 00:00 UTC rozdělí 600 000 XRP držitelům alespoň 0,01 RLUSD na účtech Spot, Funding, Earn nebo Margin. V účtech Earn se započítává pouze RLUSD vložené do Flexible Savings.
Binance, the world’s largest cryptocurrency exchange, has made an announcement concerning the Ripple ecosystem. According to the announcement, Binance has launched a new XRP airdrop campaign for holders of Ripple’s dollar-pegged stablecoin, RLUSD.
Binance will distribute a total of 600,000 XRP to eligible users as part of the campaign, and the rewards will be shared among users who meet the specified conditions.
“Binance will be launching an airdrop campaign rewarding all eligible users holding Ripple USD (RLUSD) on our platform. Eligible users will receive a share of the large prize pool of 600,000 XRP.”
When Will Binance’s XRP Airdrop Campaign Begin? According to Binance’s official announcement, the campaign will begin on October 23, 2026 at 00:00 UTC and end on November 20, 2026 at 00:00 UTC. Rewards will be distributed weekly throughout the campaign period.
Binance stated that the first reward distribution is scheduled for October 30th, with subsequent distributions planned for November 6th, 13th, and 20th. XRP rewards will be transferred to eligible users’ Spot accounts within their main Binance accounts.
Who Can Participate in the XRP Airdrop? To be eligible for the campaign, users must hold at least 0.01 RLUSD in their Spot, Funding, Earn, or Margin accounts on Binance. Only RLUSD balances deposited into Flexible Savings products will be considered in Earn accounts.
“To be eligible for rewards, users must hold at least 0.01 RLUSD in their Spot, Funding, Earn, or Margin accounts.”
However, users must complete identity verification and meet the campaign participation requirements. Regional restrictions and active account restrictions may also affect eligibility.
In addition, Binance stated that additional reward multipliers will be applied to users who meet certain conditions. Specifically, users who increase their RLUSD balance compared to the previous two weeks will receive a 1.2x reward multiplier, while those who subscribe to the RLUSD Flexible Savings product will receive a 1.1x multiplier. If both conditions are met, the multiplier for the relevant balance can reach 1.3x.
Binance finally added that rewards will be calculated based on variables such as users’ eligible balances and total participant balances.
*This is not investment advice.
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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The Yellow Network blockchain project, in which Ripple co-founder Chris Larsen invested $10 million, has teased a technology for instant settlements between autonomous AI programs.
According to a teaser posted on X, the XRP token will become the basic settlement mechanism for the new "ultimate" AI stack, designed to combine Yellow's high-speed channels with the capabilities of the XRP Ledger (XRPL) network.
Moving value across borders in seconds is old news. XRPL already solved that.
The real challenge now is trust: how do two autonomous AI agents with zero shared history transact safely? They need guaranteed outcomes.
Yellow provides the exact trustless settlement layer to make it happen.
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— Yellow (@Yellow) October 21, 2026
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It is expected that the new software will allow AI agents to trade with each other without fees within the system, and to instantly record the final settlement on the XRP blockchain.
Why do robots need money at all? (And why regular banks don't suit them) Regular bank transfers are too slow for artificial intelligence. When two robots on the network want to make a deal — for example, one AI buys data or computing power from another — they need to complete the payment within fractions of a second. At the same time, they "don't know" each other and cannot take each other's word for it.
Yellow solves this problem. The project acts as a digital guarantor: it verifies and protects the deal on the fly, and then sends it to the XRP Ledger for closing. In the company's teaser, this process was shown simply — two capsules are connected by a glowing bridge of trust.
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AI agents perform millions of micro-operations, so predictability is important to them. The XRPL blockchain may be ideal for this: a transfer there takes only 3–5 seconds, and the fee is a fraction of a cent. Chris Larsen's involvement links this project directly to the future of the Ripple ecosystem.
This infrastructure has already been deployed on the basis of the XRPL AI Hub, where 174 AI services are registered. Autonomous agents have carried out more than 14.5 million microtransactions and closed almost 6,000 deals, paying each other for inference routing, token analysis, and contextual data via the x402 protocol.
XRPL AI Hub metrics showing over 14.5 million settled microtransactions, Source: XRPL AI HubWhile people argue about cryptocurrencies, major capital is building the economy of the future — where robots will buy and sell services to each other without human involvement, using XRP liquidity.
XRP posted a notable rebound of over 4% on October 21, with its price recovering toward $1.35 as a wave of short seller liquidations hit the market ahead of a key network upgrade for the XRP Ledger. Market data recorded XRP’s 24-hour gain at 4.7%, with trading activity heavily concentrated in the $1.29 to $1.35 range.
XRP short liquidations surge near resistance zoneDerivatives analytics revealed that $4.4 million in XRP positions were liquidated within the past day, with approximately $3.6 million attributed to short sellers. TRdesk, a derivatives tracker, reported that around 80% of these liquidations came from short positions. As leveraged shorts are forced to buy back XRP to settle their losses, such events often contribute further upward pressure to the price rally.
XRP’s return to the $1.35 level signals increased volatility, especially as liquidation-driven buying combines with anticipation for the upcoming network upgrade.
Despite this recent bounce, XRP continues to trade below earlier highs from the first half of October. The preceding decline illustrated the severity of the broader market correction even as institutional investors showed ongoing interest in the digital asset.
Technical traders are closely monitoring resistance between $1.35 and $1.38; a clear break above could shift attention toward $1.42. However, if bearish momentum returns and sends XRP below $1.32, the price may target support levels at $1.29 and $1.28.
Price LevelSignificance$1.38Key resistance$1.35Current recovery zone$1.32Support if price pulls back$1.29Lower supportNetwork upgrade prompts market attentionAnticipation for the XRP Ledger’s scheduled upgrade on October 23 has intensified market activity. The planned activation of fixCleanup3_4_0 is a maintenance amendment set to address various technical issues, including corrections related to token permissions, escrow transactions, automated market maker operations, and foundational aspects for future lending infrastructure.
According to previous analyses published by blockchain intelligence firm Coinpaper, the upgrade received sufficient backing among validators to initiate the countdown process ahead of implementation.
The current amendment, however, does not enable native lending capabilities on the XRP Ledger. The lending protocol—featuring Single Asset Vaults—remains under separate consideration and will require more validator approvals before it can be deployed.
The distinction carries weight because a full-scale credit market on the XRP network could expand the range of financial products available, but the activation of the fixCleanup3_4_0 patch is only a preparatory measure toward such developments.
Mini dictionary: fixCleanup3_4_0 is a maintenance amendment for the XRP Ledger designed to resolve technical issues, improve calculations for lending infrastructure, and update network mechanics, but it does not itself implement new lending features.
Institutional activity and market outlookWhile XRP saw a brief surge, broader uncertainty persists regarding both institutional demand and overall cryptocurrency market sentiment. The US spot XRP ETF market previously attracted inflows for 13 straight weeks, underscoring that consistent investment in regulated products does not necessarily insulate the underlying asset from price corrections.
Ripple, the company behind the XRP Ledger, continues to refine its institutional strategy by exploring uses for XRP as collateral. These measures remain separate from speculative trading and are part of Ripple’s larger approach to expanding utility for the digital asset.
For bullish traders, maintaining support above $1.35 remains critical to challenge resistance at $1.38 and potentially reach $1.42. If the recovery stalls, renewed selling could push prices down to $1.32 or even test the $1.29 support.
The upcoming network upgrade could impact sentiment, but XRP’s next sustained trend will depend on a combination of customer demand, market positioning, and institutional participation.
The outcome of the October 23 amendment, along with continuous institutional activity, is likely to guide XRP price action in the short term, but long-term direction remains linked to broader market dynamics.
CVD XRP kleslo z téměř neutrální úrovně na −1,18 miliardy, což ukazuje na přetrvávající převahu prodejů. Analytici se neshodují, zda jde o kapitulaci, nebo pokračující distribuci.
Crypto analyst Xaif, known online as Xaif_Crypto, published an analysis signaling a major shift in the market structure for XRP. His recent investigation revealed a sharp decline in XRP’s cumulative volume delta (CVD), which tracks the net difference between buying and selling volume over time.
Steep CVD decline for XRPAccording to Xaif, XRP’s CVD dropped from nearly neutral to around -1.18 billion. He pointed out that both the green and purple moving averages on his TradingView chart are sloping downward, showing no signs of leveling off. As of the latest reading, the CVD stands at the lowest point on the chart, with the price of XRP at 1.2983.
The CVD’s downward trajectory suggests that selling activity has consistently outpaced buying, indicating pressure from sellers dominating over multiple sessions rather than short-lived surges.
Mini dictionary: Cumulative Volume Delta (CVD): An indicator that measures the net buying and selling volume, helping traders gauge whether buyers or sellers are more active over a specific period.
Xaif’s chart shows a period of stability in CVD until early October, followed by a sudden drop around October 12 to 13. A brief stabilization was seen before another wave brought the CVD even lower from October 17 to 19.
XRP liquidity just got absolutely crushed. The CVD has collapsed from near neutral levels to roughly -1.18 billion, while both moving averages continue trending lower. Is this capitulation, or is there more selling left?
Capitulation or sustained selling?Xaif’s central question focuses on whether the current CVD collapse represents market capitulation or if further selling might be likely. Capitulation typically refers to a situation where persistent and heavy selling marks the end of a downtrend and sometimes signals a reversal. Despite the weakness, the CVD pattern does not yet confirm that a full capitulation event has taken place.
Some analysts interpreting the data remain cautious, viewing the ongoing selling as a sign the bearish trend could extend further. Others believe the current intensity bears hallmarks of exhaustion among sellers, often preceding a shift in momentum.
Community discussions and analysisSeveral market watchers responded to Xaif’s analysis, providing further technical context. One observer described capitulation in precise terms—it usually involves a spike in trading volume, long wicks on the chart, funding rates reaching -0.1%, and CVD flatlining while the price still declines.
By these criteria, he assessed the market as not yet meeting the typical conditions for capitulation. He characterized the current situation as “distribution,” a phase dominated by active selling without divergence or signs of reversal, but suggested a potential bottom could form within a few days.
A different analyst commented that his experience with similar CVD patterns gives him the impression of capitulation. Another voice took a more moderate position, agreeing that the -1.18 billion CVD figure signals significant stress in the market but emphasized that moving averages remain weak and unrecovered, echoing Xaif’s observations.
Market sentiment splitThe data from the past week suggests that XRP continues to face strong selling pressure, with neither price nor CVD reflecting a clear sign of divergence or an imminent turnaround. The analyst community remains divided, with some expecting the period of active distribution to persist, while others think seller exhaustion could emerge soon.
Ripple na makléřské platformě Ripple Prime spustil pro institucionální klienty nepřetržité obchodování s akciemi, přičemž jako zajištění mohou používat stablecoin RLUSD.
Ripple has announced a significant update to its institutional offerings, unveiling 24/7 stock trading for its clients through the Ripple Prime brokerage platform. The new capability allows institutional investors to trade stocks at any time, utilizing the firm’s stablecoin, Ripple USD (RLUSD), as collateral for their trades.
RLUSD gains utility in institutional tradingWith the integration of RLUSD as collateral, Ripple aims to offer institutions more flexibility in managing their trading positions and capital flows. Traditionally, such transactions require coordination during market hours and reliance on conventional banking systems. By enabling round-the-clock trading, Ripple positions RLUSD as a key tool not just for payments and treasury use, but also for financing and trading within institutional markets.
Ripple stated that this move is intended to streamline access to global markets and provide seamless operational continuity for institutional clients. The use of RLUSD as collateral is seen as a step toward broader adoption of the stablecoin, extending its function well beyond its original purpose as a payment asset.
The integration of RLUSD as collateral in Ripple Prime enables institutional clients to manage trading positions and move funds more efficiently without exclusively relying on traditional banking hours, a company spokesperson indicated.
Liquidity concerns and market limitationsDespite these advancements, market observers have pointed out potential challenges related to liquidity. As 24/7 stock trading remains a relatively new feature, liquidity in these markets can be inconsistent, especially during off-peak hours. Some industry participants suggested that institutional traders could struggle to execute large transactions without a sufficient number of active buyers and sellers, resulting in price volatility or higher transaction costs.
For Ripple Prime’s new 24/7 product to fully meet institutional needs, the development of a deeper pool of liquidity will likely be necessary. This echoes concerns expressed by analysts who emphasize the importance of monitoring trading volumes and market activity outside of traditional hours.
Emergence of dynamic trading tools amid rapid market shiftsAs the technical landscape for institutional and retail trading evolves, platforms that combine trading execution and investor engagement are gaining attention. In particular, the meme token market exemplifies how quickly investment interest can build. In this space, an internet trend can quickly turn modest sums into substantial gains within days. Data provided by Fomo App illustrates this phenomenon, with one highlighted trade involving “Niu Lai” turning a $99 initial investment into approximately $370,000. In fast-moving markets like these, observing not just price charts but also investor timing and token selection is essential to navigating opportunities and risks.
Fomo App seeks to address these challenges by integrating token tracking, trading capabilities, social feeds, investor rankings, and trade notifications into a single platform. The application is designed to allow users to follow both asset trends and the activity of prominent investors in real time.
Platforms integrating token discovery, social engagement, and live trading are becoming increasingly important for those looking to participate effectively in the rapidly changing meme token ecosystem, according to Fomo App’s development team.
Útočníci prostřednictvím falešných bezpečnostních upozornění v aplikaci Ngrave LIQUID odcizili zákazníkům kryptoměny v hodnotě 2,56 milionu USD, včetně bitcoinů za 1,77 milionu USD.
Hackers hijacked a third-party notification provider for Ngrave’s LIQUID app and sent fake security alerts on Oct. 17.
About $2.56 million was stolen from 70 wallet addresses across four blockchain networks.
Bitcoin made up $1.77 million of the losses, followed by XRP, Ethereum-based assets and Stellar.
Ngrave says its ZERO hardware wallets were not breached. Victims entered their recovery phrases on a fake website.
The CEO said the company “absolutely and utterly failed” and has added new security controls.
Belgian hardware wallet maker Ngrave says thieves stole about $2.56 million from its customers after hijacking a system used to send app alerts. The company disclosed the attack on Oct. 19.
Attackers gained control of a third-party notification provider used by Ngrave’s LIQUID companion app. On Oct. 17, they used it to send fake security warnings straight to users.
The message said a user’s portfolio had been synced with a Pixel 9 device in Moscow. Tapping the alert opened a fake Ngrave website with a countdown timer and buttons to approve or deny the activity.
Both buttons led to the same trap. Users were asked to enter their 24-word recovery phrase or their Perfect Key, which gave attackers full access to their wallets.
Automated scripts then emptied the accounts within minutes. Ngrave traced the losses to 70 wallet addresses across four networks.
Bitcoin made up most of the stolen funds at $1.77 million. Thieves also took $454,000 in XRP, $316,000 in Ethereum-based assets and $18,000 in Stellar.
How the Attack Unfolded
Ngrave’s incident report says unauthorized access may have started on Oct. 11, six days before the fake alerts went out. Attackers got one access key and used it to obtain a second key with wider permissions, including access to some analytics data.
The company spotted the fake alerts within a minute of their appearance at 9:30 p.m. UTC on Oct. 17. Even so, the first wallet was drained six minutes later.
Ngrave shut off its notification system by 10:45 p.m. Thefts from wallets that were already compromised continued until 3:51 a.m. the next morning.
The company says its ZERO hardware wallets and private keys were never breached. Instead, attackers tricked customers into handing over their own recovery details.
The stolen funds moved through exchanges, blockchain bridges and new addresses. Ngrave traced bitcoin into 12 addresses, while XRP moved through 54 transfers.
Analytics firm Bitquery said in its own report that “most of it now sits on Hyperliquid as a Monero token.” It estimated about 81% of the funds ended up on the decentralized perpetuals exchange.
Ngrave CEO Admits Failure
Ngrave’s CEO gave a direct statement in the incident report. “In my humble opinion, the first duty of a crypto security company is to provide exactly that: security. In this, we have absolutely and utterly failed,” he said.
He said the company’s security was not strong enough when he took over as leader months earlier. Ngrave also said device information, wallet activity, IP addresses and approximate locations may have been exposed.
The incident adds to a difficult year for hardware wallet makers. Nearly a dozen security incidents in 2026 have involved brands such as Ledger, Trezor, Tangem, Safepal, Bitbox02 and Coldcard, with reported losses topping $180 million across two incidents.
Ngrave has replaced the compromised keys and plans tighter notification controls. These include two-person approvals, restricted domains and an emergency shutdown option.
The company is urging affected customers to set up new wallets and contact support. Its investigation is ongoing.
Grayscale zavedla pro deset produktů nepeněžní emise podílů, které oprávněným investorům umožňují směnit kryptoměny včetně Bitcoinu a Etherea přímo za podíly ve fondech.
Crypto asset manager Grayscale continues to take innovative steps regarding cryptocurrencies. In its latest announcement, Grayscale stated that it will allow investors to invest in spot cryptocurrencies like Bitcoin directly in exchange for shares in its ETFs and other investment products.
Accordingly, Grayscale has implemented an in-kind subscription model in 10 of its products, allowing investors to exchange eligible digital assets for direct investment product shares. The new model aims to facilitate the integration of crypto assets into traditional portfolio management.
The Need for Cash Conversion is Decreasing!
Grayscale has announced a new investment method for some of its investment products. This system allows investors to directly exchange their crypto assets for shares in Grayscale’s investment products without first having to convert them to cash.
The company stated that this method could reduce operational burdens stemming from custody and security processes, lower transaction costs in crypto markets, and facilitate the inclusion of digital assets in traditional investment portfolios.
10 Cryptocurrencies, Including Bitcoin and Ethereum, on the List!
According to Grayscale, the subscription service includes 10 investment products, including Bitcoin and Ethereum: “Bitcoin, Ethereum, Avalanche, Chainlink, Dogecoin, Hyperliquid, Solana, XRP, Sui, Zcash”
“Grayscale Bitcoin Mini Trust ETF (BTC)
Grayscale Ethereum Staking Mini ETF (ETH)
Grayscale Avalanche Staking ETF (GAVA)
Grayscale Chainlink Trust ETF (GLNK)
Grayscale Dogecoin Trust ETF (GDOG)
Grayscale Hyperliquid Staking ETF (HYPG)
Grayscale Solana Staking ETF (GSOL)
Grayscale Sui Staking ETF (GSUI)
Grayscale XRP Trust ETF (GXRP)
The Zcash ETF (ZCSH)”
Finally, according to Grayscale’s statement, the service is available to eligible investors. Clients wishing to trade on the primary market must work with authorized participants or the institutions that act as intermediaries for these participants.
*This is not investment advice.
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XRP Ledger zpomalil zpracování transakcí; David Schwartz uvedl, že příčinou může být cílený útok nebo skrytá chyba v kódu. Tým analyzuje uložené záznamy.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A technical failure on the XRP Ledger (XRPL) network that slowed transaction processing has turned into an open analysis of the protocol's architecture. David Schwartz, former Chief Technology Officer of Ripple and co-creator of the system, publicly named the blockchain's vulnerable points highlighted by the incident.
The problems began after the XRP Ledger Operations team recorded an anomaly: the network's ledgers started closing significantly slower than usual. While engineers searched for the cause of the delays, questions arose in the community about the reliability of the decentralized system. Users were concerned about whether the network could fail due to the overload of several key hubs. Schwartz stepped into the discussion to explain the real limits of XRPL's resilience.
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According to Schwartz's assessment, the XRP Ledger software is protected by a multi-layered security system. Nevertheless, in theory there are only two scenarios capable of completely paralyzing the entire network:
Mass infrastructure failure: a situation in which a huge number of validator servers around the world fail simultaneously. Such an outcome is possible only in the event of a global natural catastrophe, so developers consider it unlikely.
Consensus algorithm failure: an error in the very mechanism for reaching agreement between nodes, or the failure of another basic protocol function at the code level.
The recorded slowdown of rounds is direct evidence that the system's technological safety margins have decreased. Schwartz admitted that this is a marker that the network is either under a targeted attack or a hidden bug has been activated inside the code.
At the same time, the architect refuted rumors about the blockchain's vulnerability to single points of failure. The network is fully decentralized, so shutting down or overloading even a large hub (including his own node) has no effect on XRPL's overall operability and uptime.
How the creator of the network was left without logsThe main practical problem turned out to be the vulnerability of the network monitoring systems during peak loads. When consensus rounds slowed down, validators abruptly switched to maximum load. Schwartz's own node could not withstand the influx of requests, causing local RPC connections to hang in the CLOSE_WAIT state.
Official announcement of the XRP Ledger network slowdown, Source: XRP Ledger Operations / XBecause of this hang, Schwartz's internal monitoring system was unable to record and transmit diagnostic data at the most critical moment. As a result, the engineer had to reboot the server without understanding the exact cause of the failure.
During the discussion, it emerged that the hub of the XRPL co-creator was sending logs to an outdated test host of the XRP Ledger Foundation (XRPLF).
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Currently, the team of engineers and community operators is manually analyzing the surviving logs to isolate and completely eliminate the defect. Schwartz summarized that, despite the temporary reduction in safety margins, the team has no reason to panic. The developers are fully in control of the situation, and the code architecture has a sufficient technological reserve to keep the network operational.
Ripple podpořila návrh regulace kryptoaktiv SEC, který vychází z Howeyho testu a nových výjimek pro získávání kapitálu. Chainlink spolu s Cardano, Hederou, Stellar, Aptos a Avalanche vyzvaly SEC ke kodifikaci rámce pro digitální komodity.
Ripple filed its comment letter on the SEC’s proposed Regulation Crypto Assets, supporting to finalize the proposed crypto rules. It rests on the Howey test, treating the investment contract, not the crypto asset itself as the security, and builds on a prior joint SEC-CFTC harmonization initiative.
Ripple CLO Stuart Alderoty said “We support the proposal, and the SEC has clear authority to adopt it.” He added that previous “case by case, coin by coin” enforcement has pushed crypto innovation offshore. He claimed the industry needs holistic rules for digital assets, and the Regulation Crypto Assets framework is a major move.
The proposal stays faithful to the Howey Test. Ripple CLO clarified the investment contract is a security, not a token. Stuart Alderoty cited that Ripple has spent more than $150 million to get clarity on XRP not a security.
“What matters is what an issuer actually promised and when those promises end, not a subjective decentralization test,” he added. Clear rules grounded in existing law will bring capital, investor protection and innovation to the U.S.
Also Read: XRP Finally Launches Official X Account and Website Managed by Ripple and XRPLF
Cardano, Chainlink, Hedera, Stellar & Others Join Ripple on SEC’s Regulation Crypto Assets
Chainlink partnered with Cardano, Hedera, Stellar, Aptos, and Avalanche in urging the SEC to codify its digital commodity framework. With Ripple seeking to exempt certain crypto assets from full SEC securities registration, the Blockchain Association also urged raising the startup exemption limit from $5 million to $10 million.
“Builders need lasting certainty. Codifying this progress would be a meaningful step toward keeping America the home of digital asset innovation,” said Chainlink head of policy Taylor Barr.
.@chainlink is proud to partner with @hedera, @Aptos, @AvaLabs, and @StellarOrg in urging the SEC to codify its digital commodity framework.
Builders need lasting certainty. Codifying this progress would be a meaningful step toward keeping America the home of digital asset… pic.twitter.com/rAjs9C6vdy
— Taylor Barr (@taylorjbarr) October 20, 2026
Although the official comment period for the SEC’s proposed Regulation Crypto Assets closed on October 20, the commission will continue accepting public feedback after the deadline, according to journalist Eleanor Terrett.
“While we encourage commenters to submit their feedback by the deadline, the Commission will continue to accept public comments on rule proposals after the comment period closes.”
The new crypto rules would create new fundraising exemptions for crypto issuers raising capital in the U.S., while the CLARITY Act developments remain uncertain ahead of midterm elections.
Also Read: Best Crypto Compliance Companies and KYC Providers for Web3 Enterprises
Německá síť Sparkasse spustila prostřednictvím DekaBank obchodování s bitcoinem, etherem, XRP, solanou a POL ve své bankovní aplikaci; služba se zavádí postupně v jednotlivých bankách.
Germany's Sparkasse network has started crypto trading in its banking app via DekaBank, covering Bitcoin, Ether, XRP, Solana and Polygon's POL, with a staggered bank-by-bank rollout.
Germany's Sparkasse banking network has begun rolling out crypto trading inside its banking app, bringing Bitcoin ($BTC), Ether ($ETH, @ethereum), XRP ($XRP, @XRP), Solana ($SOL, @solana) and Polygon's POL token ($POL, @0xPolygon) to customers of Europe's largest banking group by assets.
The service went live on October 19, 2026, but access is not yet nationwide. Each local savings bank must switch it on individually, so only customers of participating institutions can use it for now.
How the Sparkasse crypto service worksThe product is called "Krypto, powered by Deka" and is run by DekaBank, the securities house of the Sparkassen group. According to Bloomberg, the rollout will be gradual over the coming months, and each Sparkasse decides on its own whether to offer it. DekaBank handles trade execution and custody. Customers open a separate crypto account with DekaBank inside the app's investing section, and a securities account is not required.
The fee is reported at €0.99 per order. DekaBank's announcement does not detail other costs such as spreads, according to fund research outlet e-fundresearch. Reporting also says the service is aimed at adult, self-directed investors and that no investment advice is given.
Sparkassen-Finanzgruppe is described as the largest financial services group in Germany and Europe by assets. Crypto assets held through the service are not covered by statutory deposit insurance, BeInCrypto notes.
Rollout pace and regulatory backdropOnly a handful of banks were live at launch. More than 230 institutions have reportedly expressed interest, and 30 to 40 additional banks are expected to join each month. Joachim Schmalzl of the German Savings Banks Association (DSGV) said it is for each savings bank to decide when to start, according to dpa. The association is aiming for a large share of interested banks to be connected in the first half of 2027.
The move marks a reversal for the group. Bloomberg reports that the Sparkassen long rejected crypto offerings and that its bodies recommended against crypto trading about four years ago because of the risks. The shift was justified by customer demand and a changed regulatory framework.
DekaBank received its licence under the EU's Markets in Crypto-Assets rules (MiCA) from Germany's BaFin in 2025, which lets it bundle trading, custody and customer support in one place, according to Bloomberg and e-fundresearch.
Sources:
Bloomberg via Yahoo Finance: Deka startet Bitcoin-Handel nach Sparkassen-Richtungsschwenke-fundresearch: DekaBank startet Kryptohandel fuer Sparkassen-Kunden
A recent analysis claims that approximately 225 million XRP is available for sale across major cryptocurrency exchanges at prices up to $5, challenging some widespread perceptions about the actual liquid supply in the market. The report, announced by analyst Edo Farina, was based on an examination of 64 trading venues and 171 trading pairs.
Visible supply contrasts with wallet balancesFarina explained that, while roughly 22 billion XRP sits in exchange wallets tracked by his research, these balances do not indicate true sell-side liquidity. For example, Binance holds about 2.6 billion XRP, yet much of this total represents customer assets in storage, not tokens currently being offered for sale. This distinction underlines that wallet balances alone do not represent the amount available at current prices.
The significance of this finding lies in the ongoing debate within the XRP community regarding potential supply shocks. Many have pointed to large exchange wallet figures as evidence of immediate liquidity, but the analysis suggests that these metrics can be misleading.
Order book snapshot shows limited sell ordersWith XRP trading near $1.31 during the study, Farina reported about 35 million XRP listed as sell orders within 2% above the market price on what he categorized as trusted exchanges. Meanwhile, buy orders within 2% below the price totaled roughly 44 million XRP. This revealed greater visible buying interest on these platforms at that particular price range, although the analyst cautioned that this snapshot does not capture the full dynamics of the market.
Across all exchanges reviewed, visible sell orders between the spot price and the $5 mark summed to approximately 225 million XRP. When focusing solely on the trusted exchange subset, the number was closer to 100 million XRP. Farina said that duplicate order books, inactive markets, and very distant orders outside ordinary trading ranges were filtered out of the analysis for clarity.
“An order book is like a picture, not a movie,” Farina noted, emphasizing that static data provides only a fleeting view of market conditions and cannot predict how buying pressure would impact prices over time.
Order books are subject to rapid changes as orders are placed, canceled, adjusted, or hidden. Therefore, conclusions about XRP price movement based solely on these figures should be made with caution. The underlying dataset and detailed methodology were not disclosed, adding further limits to reproducibility.
MetricValueVisible sell orders ($1.31–$5)225 million XRP (all exchanges)Sell orders on trusted exchanges100 million XRPXRP in exchange wallets22 billion XRPSell orders within 2% above market35 million XRPBuy orders within 2% below market44 million XRPInstitutional demand and hypothetical scenariosFarina’s YouTube analysis considered what might happen if an institution attempted to buy $1 billion worth of XRP, though he stressed that any real institutional actor would likely rely on over-the-counter (OTC) transactions rather than public order books to avoid slippage and adverse price effects. He mentioned BlackRock as an illustrative example rather than as an actual buyer.
The video also explored wallet movements linked to Arthur Britto, one of the co-creators of the XRP Ledger, including transfers to Bitstamp. Farina proposed a possible connection between these transfers and Ripple’s payment liquidity needs but made clear that wallet activity alone is not enough to determine true intent or subsequent actions once assets arrive at an exchange.
Market participants continue to monitor XRP transactions and exchange data for signs of changing liquidity and demand as interest in the cryptocurrency sector remains strong.
Mini dictionary: Arthur Britto – One of the three original founders and architects of the XRP Ledger, Britto played a key technical role in the early development of Ripple’s blockchain infrastructure.
Large institutional purchases, such as a hypothetical $1 billion buy, would likely utilize private liquidity channels. Public order books do not accurately reflect the market impact or supply dynamics for such transactions.
XRP, the native cryptocurrency of the XRP Ledger, is trading around $1.34 as of October 20, 2026. Also commonly referred to as Ripple coin, XRP is approximately 64% below its all-time high of $3.65 and 22% below its late-September weekly peak of $1.66.
Three developments are driving much of the decline: US spot XRP ETFs recorded their first weekly outflow in 14 weeks, up to 1 billion XRP held in Ripple’s escrow accounts will become eligible for release on November 1, and Bitcoin has fallen toward $83,000. Declines in Bitcoin often lead to even sharper losses across the altcoin market.
This article examines why XRP is falling, the price levels analysts are monitoring, and the developments that could change its outlook. It also looks at the MemeToro $MT presale for readers interested in exploring early-stage cryptocurrency projects during periods of weakness in established digital assets.
MemeToro is an open-source, AI-powered meme coin launchpad being developed on BNB Chain. Stage 9 of its presale is priced at $0.00649 per token. The project’s token contract has undergone three security audits, purchased tokens are delivered directly to buyers’ wallets, and a public testnet is already available.
This article contains sponsored content about MemeToro. Nothing presented here constitutes financial advice.
Key takeawaysXRP price today: According to FinanceFeeds, XRP is trading around $1.34 on October 20, 2026. KuCoin News reports that its market capitalization declined by approximately $5.83 billion over seven days from $88.22 billion on October 12.ETF flows reverse: US spot XRP ETFs recorded approximately $1.84 million in net outflows last week, ending 13 consecutive weeks of inflows, according to SoSoValue data reported by Coin-Turk and FXStreet.MemeToro presale: Stage 9 of the $MT presale is underway at $0.00649 on BNB Chain. Tokens are delivered directly to buyers’ wallets, and the token contract has been audited by Coinsult, SolidProof, and BlockSAFU.Upcoming supply event: Up to 1 billion XRP will become eligible for release from Ripple’s escrow accounts on November 1 at 00:00 UTC. Historically, Ripple has re-locked approximately 70% of released tokens.Bitcoin’s influence: According to 24/7 Wall St., Bitcoin is trading near $81,000 with a market dominance of 59.5%. Altcoins typically face greater pressure when Bitcoin declines.Key XRP price levels: FXStreet and FinanceFeeds identify $1.28 and $1.24 as important downside levels, while $1.34–$1.38 is the immediate resistance area.Next major event: The Federal Reserve is scheduled to meet on October 27–28.MemeToro ($MT) in 60 secondsMemeToro is an open-source, AI-powered meme coin launchpad under development on BNB Chain. Its native $MT token is currently available in Stage 9 of the presale.
Price: 1 $MT = $0.00649. Once the Stage 9 fundraising target is reached, the next stage will begin at a higher token price.
What supporters highlight: Three token security audits completed by Coinsult, SolidProof, and BlockSAFU; publicly available code under an MIT license; just 2% of the total token supply allocated to the team; and 71% reserved for the public sale. Purchased tokens are also delivered directly to buyers’ wallets.
What to consider: Interested readers can visit MemeToro’s official website to review its tokenomics and open-source code. The project’s risks should also be carefully considered before making any investment decision.
Why consider MemeToro ($MT) while XRP is falling?When major cryptocurrencies experience sharp declines, some investors consider allocating a small portion of their portfolios to higher-risk, early-stage projects. MemeToro falls into this category, although it differs substantially from XRP.
According to CoinGecko, XRP has a market capitalization of approximately $83 billion and is supported by spot ETFs trading in the United States. MemeToro, by contrast, is an early-stage project developing an open-source, AI-powered meme coin launchpad on BNB Chain. Its $MT token remains in a staged presale.
MemeToro’s operating model follows a straightforward principle: AI generates proposals, while smart contracts execute transactions according to predefined, transparent rules.
The platform’s AI agent analyzes news and trends on X to develop meme coin concepts. It explains the reasoning behind each proposal and records the results in a machine-readable file called a launch manifest, which contains the terms governing a token launch.
A smart contract called FairLaunchEscrow then applies those published conditions. The AI is responsible for generating and explaining ideas, but it does not control users’ funds.
The project’s code is publicly available on GitHub under an MIT license. The MemeToro team describes its current repository as an early-stage minimum viable product (MVP), with development of the launchpad still underway.
Supporters of the MemeToro ($MT) presale highlight several features:
Transparent operations: Token launch conditions are published before fundraising begins. Smart contracts are designed to enforce those rules, reducing reliance on promises made by the development team.Open-source code: The AI agent, launch manifest format, escrow contract, and testing framework are publicly available under an MIT license.Independent audits: Three separate security firms have audited the $MT token contract.Public-focused token allocation: Of the total supply, 71% is allocated to the public sale and 2% to the team. Marketing tokens follow a 24-month vesting schedule.Accessible purchasing options: Buyers can pay with cryptocurrency or a credit card. Tokens are sent directly to their wallets, and the website supports more than 16 languages.A working testnet: Users can explore the platform’s functionality without committing real funds.Staged pricing: Each new presale stage begins at a higher price. The $0.00649 price is therefore available only while Stage 9 remains open.How to buy $MT in Stage 9: Visit the presale section of the official MemeToro website and carefully verify the website address. You can connect a wallet on BNB Smart Chain or select the credit card payment option.
Before completing a purchase, verify the contract address and review the Stage 9 price and sale conditions. Purchased $MT tokens are transferred directly to your wallet. You should also check the regulations applicable in your jurisdiction before participating.
Why is XRP falling? Five reasons behind the decline1. Demand for XRP ETFs has weakenedUS spot XRP ETFs have attracted approximately $1.8 billion since launching nearly a year ago. However, the funds recorded around $1.84 million in net outflows last week.
According to SoSoValue data reported by Coin-Turk on October 17, this ended a streak of 13 consecutive weeks of inflows.
Although the outflow was relatively small, the reversal is significant because ETF purchases had been one of the more consistent sources of demand for XRP.
According to 24/7 Wall St., total assets held by dedicated XRP investment funds declined from $1.77 billion to approximately $1.47 billion.
Bitcoin ETFs, meanwhile, showed a different trend. FinanceFeeds, citing Farside Investors data, reported that US-listed Bitcoin funds attracted $526.7 million on Monday.
2. More XRP could enter circulationRipple’s next escrow release is scheduled for Sunday, November 1, at 00:00 UTC. Two escrow accounts containing a combined 1 billion XRP will become eligible for release.
As of October 18, Ripple held 31.40 billion XRP in escrow.
Over the previous 12 release cycles, the company unlocked a total of 12 billion XRP but subsequently re-locked 8.4 billion tokens, equivalent to approximately 70%.
According to FinanceFeeds, Ripple followed a similar pattern in October. After releasing 1 billion XRP, it re-locked 700 million, leaving a net 300 million XRP outside escrow.
This means the entire 1 billion XRP scheduled for potential release on November 1 will not necessarily enter circulation. Nevertheless, the upcoming event remains an important consideration for traders.
3. XRP supply has grown faster than its market valueAccording to an October 16 CoinDesk report citing Nansen data, XRP’s circulating supply has increased by 63% since 2017.
During that period, the number of XRP tokens in circulation rose from 38.7 billion to 63.1 billion, while the cryptocurrency’s total market capitalization declined by approximately 3%.
Nansen analyst Nicolai Sondergaard explained that an increase in circulating supply means each token represents a smaller share of roughly the same total market value.
XRP’s weaker performance compared with other major cryptocurrencies has also attracted attention.
According to Tesseract Group’s Oliver Carding, quoted by CoinDesk, XRP has lost approximately 59% of its value since August 2025. Bitcoin declined 32% over the same period, while Ether fell 44%.
4. Bitcoin weakness and macroeconomic conditions are adding pressureBitcoin is trading near $83,000 after briefly falling below $80,000 earlier this week.
US inflation rising to 3.7% in September has also weighed on market sentiment. Investors are now looking ahead to the Federal Reserve’s October 27–28 meeting.
According to 24/7 Wall St., Bitcoin accounts for 59.5% of the total cryptocurrency market, while XRP represents approximately 3%. Altcoins generally face greater pressure during periods of Bitcoin weakness.
The same publication reported that the overall cryptocurrency market declined by 3.5% in 24 hours on October 17.
5. XRP demand indicators have deterioratedAccording to CoinGlass data cited by FXStreet, open interest in XRP perpetual futures declined from 2.34 billion XRP on October 1 to an average of 2.17 billion XRP on Monday.
FXStreet also highlighted weakening interest from both retail and institutional investors.
Technical indicators reflect a similar trend. The Relative Strength Index (RSI) is hovering around 37, while the Moving Average Convergence Divergence (MACD) indicator remains in negative territory.
Developments involving Ripple have also failed to provide meaningful support for XRP’s price.
On October 15, Ripple Prime introduced perpetual swap trading for more than 100 underlying assets using RLUSD as collateral. However, CryptoTicker noted that XRP is neither accepted as collateral nor used as a settlement asset within the system.
According to XRP Insights, RLUSD’s circulating supply has reached approximately $2.43 billion. Nevertheless, RLUSD’s growth does not directly require users to purchase XRP.
Why is XRP down today? Developments that moved the price this weekAccording to CryptoTicker, XRP started the week around $1.33. It fell to $1.2827 on October 15 before staging a recovery.
XRP Insights data shows that the cryptocurrency ended the October 9–16 reporting period at $1.30, representing a decline of 6.5%.
Compared with its late-September weekly peak of approximately $1.66, XRP has now surrendered roughly one-fifth of its previous rally.
Meanwhile, shares of Evernorth, trading under the ticker XRPN, fell approximately 9.6% to $15.45 during the week ending October 16.
FinanceFeeds emphasized that the decline in the company’s share price does not, by itself, indicate that Evernorth sold any XRP.
XRP price today: Key support and resistance levels to watchDownside levels: According to 24/7 Wall St., XRP fell as low as $1.28 on October 15. A closing price below this level could open the door to a return toward the trading range seen in August.
XRP ended the week of August 16 at $0.99. FinanceFeeds identifies $1.24, near the lower Bollinger Band, as an additional reference level in a bearish scenario.
Upside levels: FXStreet places XRP’s 100-day moving average at $1.34, while its 50-day and 200-day moving averages are near $1.38. A significant technical resistance area lies around $1.40.
FinanceFeeds identifies $1.38, corresponding to the 200-period moving average on the weekly chart, as an important reference level for a bullish scenario.
Higher resistance levels: 24/7 Wall St. highlights previous closing levels at $1.42 and $1.49. According to FXStreet, the SuperTrend indicator currently stands near $1.47.
These levels are technical reference points, not guaranteed price targets or forecasts. XRP can move beyond them in either direction.
XRP price prediction: Can XRP return to $1.50 before the end of 2026?In its October 18 analysis, 24/7 Wall St. outlined two potential scenarios rather than providing a definitive price target.
Under the first scenario, if XRP closes above $1.42 and spot ETFs record another week of net inflows, the $1.50 level could come within reach.
In the second scenario, a close below $1.28 could lead to another decline toward the August trading range near $0.99.
The publication concluded that XRP appears increasingly unlikely to close above $1.50 before December 31.
However, all XRP price predictions for the end of 2026 depend on specific market conditions. Ripple’s upcoming escrow releases, ETF fund flows, and Bitcoin’s price movements remain among the most important variables determining which scenario may unfold.
XRP vs. Bitcoin: Which has performed better?Bitcoin has demonstrated greater resilience than XRP in recent months.
Since August 2025, Bitcoin has declined approximately 32%, compared with a 59% drop in XRP.
ETF data also highlights this divergence. Bitcoin ETFs attracted $526.7 million on Monday, while XRP ETFs recorded their first weekly outflow in 14 weeks.
Bitcoin is trading approximately 35% below its all-time high. XRP, meanwhile, remains around 64% below its own record.
Although XRP declined alongside Bitcoin, it has not recovered to the same extent during Bitcoin’s rebounds. This divergence is consistent with Bitcoin’s elevated market dominance.
Nevertheless, the performance gap between the two cryptocurrencies could change over time. XRP has also experienced periods when it outperformed Bitcoin.
Is XRP a good investment right now?The answer depends on your investment objectives and how much risk you are prepared to accept.
XRP supporters point to approximately $1.8 billion in cumulative ETF inflows, the growth of RLUSD on the XRP Ledger, and Ripple’s institutional partnerships as positive developments.
Critics, including analysts quoted by CoinDesk, focus on different concerns. These include XRP’s growing circulating supply, relatively limited ETF demand compared with Bitcoin and Ether, and the lack of sustained buying interest despite positive developments involving Ripple.
According to 24/7 Wall St., XRP has declined approximately 29% since the beginning of the year.
Neither side can predict the market’s next move with certainty. Any XRP position should therefore be treated as a high-risk investment.
Frequently asked questionsWhy is XRP going down?The main factors reported this week include the first weekly outflow from spot XRP ETFs in 14 weeks, the upcoming release of up to 1 billion XRP from Ripple’s escrow accounts on November 1, circulating supply growth that has outpaced market value, and weakness in Bitcoin and the broader macroeconomic environment.
Why is XRP down today?XRP is trading near $1.30, with losses ranging from 6.5% to 8.7% over the past week, depending on the data provider. Slowing ETF purchases and Bitcoin’s decline toward $81,000 have contributed to the downward pressure.
What will happen to XRP on November 1?Up to 1 billion XRP will become eligible for release from Ripple’s escrow accounts at 00:00 UTC. Historically, Ripple has re-locked approximately 70% of released tokens, meaning the net amount added to circulation has been considerably smaller.
Is XRP a good investment right now?XRP remains a high-risk investment. Supporters highlight ETF inflows over the past year and the expansion of RLUSD, while critics point to growing supply and subdued demand. Investors should only commit amounts they can afford to lose entirely.
What is MemeToro ($MT)?MemeToro is an early-stage, open-source, AI-powered meme coin launchpad being developed on BNB Chain. $MT is the platform’s utility token.
Stage 9 of the presale is priced at $0.00649, and purchased tokens are delivered directly to buyers’ wallets.
The project remains at an early MVP stage, and the smart contracts responsible for launching tokens have not yet undergone an independent security audit.
What is the MemeToro Stage 9 presale price?The current Stage 9 price is $0.00649 per $MT token.
Each presale stage has a specific target. Once that target is reached, the next stage begins at a higher price. Buyers should verify the current price on the official website before making a purchase.
Is the MemeToro presale legitimate?Several aspects of the project can be independently reviewed, including its publicly available source code, published token contract address, tokenomics, and three completed token audits conducted by Coinsult, SolidProof, and BlockSAFU.
However, there are also risks to consider. The development team operates under pseudonyms, and the smart contracts governing token launches have not yet undergone independent security audits.
Prospective participants should review the published audit reports before making any investment decision.
How can I participate in the MemeToro presale?Visit the official MemeToro website. You can connect a wallet on BNB Smart Chain or choose to pay by credit card.
Before confirming a purchase, verify the contract address and Stage 9 price. Purchased $MT tokens are delivered directly to your wallet.
Never purchase tokens through links sent in unsolicited messages.
Are XRP and Ripple the same thing?No. Ripple is a company, while XRP is the digital asset used on the XRP Ledger.
Although people frequently search for XRP using terms such as “Ripple coin” or “Ripple price,” the quoted market price refers to XRP, not the company.
Where to learn more about MemeToro ($MT)Official website: https://memetoro.com/GitHub: https://github.com/MemeToro/memetoroTokenomics: https://memetoro.com/tokenomicsX: https://x.com/memetoro_mtTelegram: https://t.me/memetoro_mtYouTube: https://www.youtube.com/watch?v=gY0jgWy_DtA
Ripple spustil stablecoin RLUSD na regulované turecké platformě Inveo Kripto. Maloobchodní i institucionální investoři jej mohou obchodovat, držet a využívat k platbám.
Ripple has launched its RLUSD stablecoin on Inveo Kripto, a regulated crypto asset platform in Türkiye, making the token available to retail and institutional investors in the country for the first time.
Partnership brings RLUSD to Turkish usersInveo Kripto, a major bank-custodied crypto asset platform based in Türkiye, announced its collaboration with Ripple to list RLUSD on its trading platform. This partnership enables Turkish customers to trade, hold, and transact RLUSD, Ripple’s US dollar-pegged stablecoin, through a variety of channels.
The launch follows Ripple’s recent efforts to expand the reach of RLUSD internationally, building on a series of global partnerships. With this move, Turkish investors gain access to RLUSD on Inveo Kripto’s mobile application, web platform, and over-the-counter (OTC) services.
RLUSD’s integration into a bank-custodied environment may introduce additional safeguards for users, aligning with regulatory expectations for digital assets in the country.
Mini dictionary: Inveo Kripto is a bank-custodied cryptocurrency trading platform regulated in Türkiye, known for offering digital asset management and secure trading solutions to both retail and institutional investors.
Expanded access for retail and institutional investorsBoth individual and institutional investors in Türkiye now have the ability to access RLUSD liquidity. Inveo Kripto has confirmed that RLUSD trading is live across its digital channels, including its mobile and web platforms, as well as through OTC services for larger transactions and institutional clients.
Ripple stated that the integration was completed successfully, and the first RLUSD transaction has already been executed on Inveo Kripto. This development broadens the availability of Ripple’s stablecoin in the country and may encourage increased market activity around RLUSD.
Following the integration, Inveo Kripto stated that RLUSD is now available for trading through its mobile app, website, and OTC desk, enabling broader access for a range of investors.
The company emphasized that having RLUSD available through a bank-custodied platform could improve trading efficiency, payment services, and digital asset settlement for Turkish users.
PlatformAccess ChannelsTarget UsersInveo KriptoMobile app, web platform, OTCRetail and institutional investorsPotential for increased stablecoin adoptionMarket participants in Türkiye can now trade, settle, and make payments using RLUSD, potentially fostering greater adoption of the stablecoin in both retail and institutional segments. The introduction of RLUSD on a regulated, bank-backed platform may further encourage confidence among users seeking digital dollar exposure in the Turkish market.
The expansion of RLUSD’s reach could also contribute to its recognition and competitiveness among other stablecoins available in the region.
The broader rollout of RLUSD through an established Turkish platform could drive higher trading volumes and boost the stablecoin’s position in local markets.
NEAR Protocol přidal XRP na near.com. Uživatelé mohou vkládat XRP z XRP Ledgeru, směňovat je a provádět platby s důvěrnými transakcemi aktivovanými ve výchozím nastavení.
NEAR Protocol has added XRP to near.com, letting users deposit from the XRP Ledger, swap and pay with confidential transactions powered by NEAR Intents.
XRP is now available on near.com, the all-in-one crypto app from @NEARProtocol, with confidential transactions enabled by default. Users can deposit $XRP directly from the XRP Ledger, swap it for other assets and use it to make payments.
What the XRP integration offersThe listing means XRP holders can move funds into the app without first converting to another asset. Once inside, they can swap XRP for other tokens or spend it, all from a single interface.
Privacy is the main selling point. @XRP transactions on near.com are confidential by default, which keeps sender addresses, amounts and routing off public $NEAR explorers. A recipient receives the funds without seeing the sender's address or wallet history. Routing is handled by @near_intents, NEAR's system for swapping assets across chains.
The feature builds on NEAR's wider privacy push. CoinDesk reported that near.com launched in February as a super app, with a confidential mode that keeps balances, transfers and trading activity private within the network's security framework. NEAR co-founder Illia Polosukhin said at the time that onchain transparency is not realistic for day-to-day use.
How confidential execution worksAccording to NEAR's own documentation on Confidential Intents, transactions run on a NEAR private shard, a dedicated execution environment operated by a decentralized set of independent, permissioned validators. It connects to NEAR mainnet through a bridge based on trusted execution environments (TEEs). When a user goes confidential on near.com, deposits, transfers and swaps stay out of public view, and funds can be moved between confidential and public accounts at any time.
The design has limits. An explainer from the LeoDex exchange notes that this is confidentiality rather than anonymity, because deposits into and withdrawals out of the system remain visible on public chains.
Demand for the feature appears to be real. NEAR said in a general availability announcement that over 40% of volume across near.com used Confidential Mode within weeks of launch. That figure comes from NEAR itself and has not been independently verified.
For XRP holders, the addition offers a way to swap and pay across chains without exposing wallet history on public explorers. The XRP Ledger is also among the networks supported by NEAR's recently launched NEAR Business treasury platform, according to Crypto Briefing.
SourcesCoinDesk: NEAR launches Near.com super app
NEAR: Confidential Intents
Crypto Briefing: NEAR launches crypto treasury platform
Evernorth, veřejně obchodovaná společnost spravující treasury rezervy zaměřené na XRP, chystá blíže nespecifikované oznámení na konferenci Ripple Swell 2026 v New Yorku.
Evernorth, the XRP treasury company backed by Ripple, has hinted at a special announcement at Ripple Swell 2026, taking place in New York City from October 27 to 29.
In a post on X, Evernorth said, “Something special is planned for Ripple Swell 2026,” but did not reveal any details.
The teaser comes ahead of Ripple’s annual conference, where financial institutions, payment companies, regulators, and crypto industry leaders gather to discuss blockchain and digital finance.
Evernorth Joins Ripple Swell 2026 as an Official Partner
Evernorth is an official partner of Ripple Swell 2026, alongside Ondo, RedotPay, SALT Conference, Water, the XRP Ledger Foundation, XRPL Commons, and ZILO.
The conference will take place at The Shed in Hudson Yards, New York City. This year, Ripple Swell, XRPL Apex, and UBRI Connect will be held together, bringing financial institutions, blockchain developers, and academic researchers under one roof.
Notably, Evernorth went public on Nasdaq this month under the ticker XRPN. The company focuses on holding XRP as a publicly traded treasury firm and is backed by Ripple.
Former Ripple exec Asheesh Birla is Evernorth’s CEO. Ripple CEO Brad Garlinghouse and XRP Ledger co-creator David Schwartz are among its advisors.
What Will Evernorth Announce?
Evernorth has not revealed what it plans to announce at Ripple Swell 2026. It could be a new product, a partnership, or an update to its XRP treasury operations.
Given its focus on XRP and its connection to Ripple, the announcement could involve institutional XRP investments or the wider XRP Ledger ecosystem.
As the conference approaches, Evernorth’s teaser has added to the excitement around an event focused on traditional finance, digital assets, and blockchain technology.
Something special is planned for @RippleSwell 2026. 🐻
Not investment advice or an offer of securities. Contains forward-looking statements; actual results may differ materially. Risk factors: https://t.co/nmW9NrOrGY pic.twitter.com/H97kPMKM70
— evernorthxrp (@evernorthxrp) October 19, 2026
Ripple Swell Agenda Focuses on XRP Ledger Developments
Meanwhile, Ripple Swell 2026 will cover institutional adoption, tokenization, stablecoins, digital asset management, and the future of the XRP Ledger (XRPL).
One key session, titled “Building What’s Next for XRPL,” will feature David Schwartz and Ripple engineering director Ayo Akinyele on October 28 at 4:30 p.m. ET.
The session will discuss new developments in privacy, artificial intelligence, decentralized finance, scalability, and technology for financial institutions.
Other sessions will explore how AI could automate payments, how real-world assets can be tokenized, and how financial institutions can use blockchain technology.
Ripple will also present updates on payments, stablecoins, treasury management, and the use of XRP.
Speakers from Robinhood, BNY, CME Group, Coinbase Institutional, and other financial and technology companies are also expected to attend.
XRP inflows to exchanges have hit seven-month highs as more than 6 billion tokens were deposited in the last 30 days.
Key points:
Rolling 30-day inflows to exchanges hit 6 billion XRP on Oct. 19, their highest value in seven months.The 90-day moving average of whale outflows fell to $49.7 million, its lowest levels in five years, as analysts see a lack of interest in the XRP/USDT pair.The realized profit/loss ratio has dropped 41% in October as rangebound trading conditions return.XRP whale interest absent as exchange inflows climb: AnalysisNew research from onchain analytics platform CryptoQuant reveals that on a rolling 30-day basis, XRP exchange inflows are at their highest since March.
In the 30 days to Oct. 19, inflows totaled 6.05 billion XRP and have doubled since mid-August. During this time, XRP/USD increased from around $1 to a maximum of $1.70 before correcting to the current levels around $1.30.
“The rise in total inflows to more than 6 billion XRP, reaching a seven-month high, signals a clear shift in asset movement toward exchanges. This could reflect increased trading activity and liquidity on these platforms, or a rise in the movement of XRP between wallets and exchanges,” CryptoQuant commented.
Further analysis covering exchange withdrawals from whales shows that XRP is “attracting less and less attention.” CryptoQuant suggests that large-volume investors may be waiting for more advantageous prices before increasing exposure.
The 90-day moving average of whale outflows hit a high of $3.5 billion in February 2025, shortly after XRP’s all-time high at $3.40. Since then, whale outflows are down 98.6% and the 90-day moving average currently stands at $49.7 million. This is its lowest value since October 2021.
“From a long-term perspective, this suggests XRP could lack buying volume without whale support,” CryptoQuant commented while acknowledging XRP’s “notable resilience” during the 2026 crypto bear market.
Bitcoin rangebound price action eases profit-takingOnchain data confirms that Bitcoin investors also stepped back in October as BTC/USD traded within a range between $80,000 and $87,000.
In its latest Market Pulse bulletin released on Monday, crypto analytics platform Glassnode reported reduced profit-taking across the Bitcoin investor base. The realized profit/loss ratio dropped from 0.8 to 0.4, a decrease of 50%, over the past week.
“This contrast demonstrates that profit realized activity cooled relative to loss realization onchain, highlighting a transition toward more subdued sentiment and diminished aggressive spending by market participants,” Glassnode summarized.
Bitcoin realized profit/loss ratio (screenshot). Source: Glassnode
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As XRP's official X account went live, Ripple President Monica Long shared a message celebrating the people who built around XRP before its broader potential became obvious.
Engaging with the XRP official account's post, Long wrote on X: "The best part has been watching people build on something before it was obvious. Welcome @xrp!" Long added, celebrating the latest social media milestone while highlighting the importance of early builders who continued developing around the digital asset before it attracted wider recognition.
The best part has been watching people build on something before it was obvious.
Welcome @xrp!
HOT Stories
— Monica Long (@MonicaLongSF) October 19, 2026
Long's comments pointed to the role developers, builders, and community members play in growing the XRP ecosystem. The cryptocurrency has 8,247,694 addresses, a sign of the ecosystem's growth, according to XRP Scan.
On October 19, 2026 in a historic milestone, XRP's official X account went live under the @XRP handle after more than a decade, drawing enthusiastic reactions from Ripple executives and the wider XRP community. This marks more than 14 years after the XRP Ledger was initially launched.
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In 2011, three engineers—David Schwartz, Jed McCaleb, and Arthur Britto—began developing the XRP Ledger (XRPL), which later launched for the first time in June 2012.
The official XRP account posted its first message on X on October 19, a short logo video with the words "hello, world. It's about time." The post passed 260,000 views in about an hour and has surpassed 4 million views in less than 24 hours.
"This one has been a long time coming," Ripple CEO Brad Garlinghouse said in reaction to the debut of the official XRP X account.
Warning issued amid XRP buzzIn an earlier post, Hussein Zangana (Vet) hinted at many great announcements lately from big companies and institutions around XRP and the XRP Ledger. "I think this will probably accelerate in the coming weeks," he added.
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In this regard, Vet urged the XRP community to be cautious of scammers using vanity addresses and tokens to sell to them in exchange for real XRP/RLUSD.
Users are urged to treat everything offered, or that they see on explorers, as suspicious by default. They can only know if an XRP account or asset is legitimate if the institution or company discloses it on their official press sites; in other words, they should verify all information from official sources.
XRP withdrawals below 10,000 tokens surged 6.6-fold on Binance, while reserves across three major exchanges increased by 120 million.
XRP withdrawal activity on Binance has changed quite a bit over the past few weeks. Between September 30 and October 20, withdrawals below 10,000 XRP grew from just 3% to 19.7% of total outflow value.
This figure represents a 6.6-fold increase and the highest level since October 2024.
A Shift in XRP Exchange Activity
At the other end, transfers above 1 million XRP lost ground. Their share of Binance outflows fell from 60% to 38.6%, according to CryptoQuant. Transfers between 100,000 and 1 million XRP moved in the opposite direction, as the figures rose from around 24% to 27%. Even with that shift, larger transfers still make up most of the activity.
Outflows above 100,000 units accounted for 65.7% of Binance’s total XRP outflow value. Coinbase also saw a sharp drop in its largest withdrawal category. The share of outflows involving more than 1 million units fell from 43% on September 30 to 12.5% on October 20, which is a 70.9% decline in relative terms.
But the change in withdrawal sizes is only part of the picture. XRP reserves have also been rising across three major exchanges. Between October 5 and October 20, Binance holdings increased from 2.60 billion to 2.66 billion. Upbit reserves climbed from 6.41 billion to 6.45 billion, while Bithumb went from 1.82 billion to 1.84 billion XRP.
The three exchanges added 120 million XRP, bringing their combined reserves to 10.95 billion tokens from 10.83 billion. Binance accounted for half of the increase.
“Together, the figures highlight a shift in the relative shares of smaller versus larger XRP withdrawals, alongside a renewed increase in exchange reserves. October 20 readings remain subject to final daily confirmation.”
Analysts Hold On to Bullish Bets
XRP has lost more than 5% in the last seven days amid broader market turbulence. Spot ETFs providing exposure to the crypto asset are also feeling the heat. The funds recorded zero net flows on Monday after ending the previous week with $1.84 million in withdrawals.
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Ripple and XRP Weekly Wrap: Institutional Wins, Nasdaq Debut, and Price Struggles
XRP Flashes Multiple Buy Signals Even as Struggle Near $1.30 Continues
Important Ripple News and XRP Price Update: October 15
Not everyone has given up on XRP. Vincent Van Code is seeing the market turbulence differently. He believes the past week’s sell-offs were part of a wider crypto shakeout that pushed weaker investors out. According to him, long positions were wiped out, short sellers jumped in, and those bets were then liquidated too. He expects fresh all-time highs across the market in the coming weeks, followed by a slower, steadier bull run.
Another analyst, EGRAG CRYPTO, is also sticking to his bullish outlook and said that the token could reach $7 to $9 at the cycle top, well above its 2025 peak of $3.65.
