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Ripple chief legal officer Stuart Alderoty says the recent filing by the US Securities and Exchange Commission (SEC) in its case against Ripple Labs does not appeal the ruling that XRP is not a security.

Alderoty’s comments follow an Oct. 16 Form C filing by the SEC with a pre-judgement statement against certain aspects of the court’s summary judgment. 

Alderoty Says Court Decision Regarding XRP’s Security Status “Stands As The Law Of The Land” Ripple defense attorney James Filan shared the filing on Oct. 17. In their appeal, the SEC asks the court to review its decisions related to Ripple’s XRP sales through exchange platforms. It also requests the court to review the ruling on the personal sales executed by Ripple executives Brad Garlinghouse and Chris Larsen.

The SEC went on to argue that Larsen and Galinghouse violated securities laws by offering and selling XRP. It also said that they both “aided and abetted Ripple’s violations of those provisions.”

Alderoty responded to the SEC’s request by saying that the court’s decision regarding XRP’s security status “stands as the law of the land.” He added that the fintech firm intends to file its own Form C next week.

No surprises here — once again it’s been made clear. The Court’s ruling that “XRP is not a security” is NOT being appealed. That decision stands as the law of the land.

Stay tuned for Ripple’s Form C to be filed next week. https://t.co/m9molUGSBv

— Stuart Alderoty (@s_alderoty) October 18, 2024

SEC Ripple Case Expected To Continue Through July 2025 According to a timeline shared by Fox Business producer Eleanor Terret on X, the Ripple SEC case could carry on well into July next year. After Ripple files its own Form C next week, both the regulator and Ripple Labs will need to “agree on a briefing schedule.” 

🚨NEW: Just had a great chat with @s_alderoty of @Ripple who gave me a rundown of the appeals timeline.

📌The @SECGov’s last day to file Form C (which will give some level of detail about what it plans to appeal) is tomorrow.

📌Seven days later, Ripple will file its own Form…

— Eleanor Terrett (@EleanorTerrett) October 15, 2024

Thereafter, the SEC will have up to 90 days to file its first brief according to Terrett, who cited Alderoty. She added that Alderoty believes the regulator will take advantage of this period, and try to only make its filing at the end of the 90 days. Thereafter, the full briefing process “will go through July 2025,” according to the Ripple legal chief.

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Ripple’s US dollar-pegged stablecoin, RLUSD, can now move seamlessly across new networks following its integration with Wanchain’s bridge infrastructure. Users are now able to transfer RLUSD between the XRP Ledger, Ethereum, Cardano, and Wanchain networks, greatly improving cross-chain mobility. This marks a pivotal shift for Ripple, taking its stablecoin beyond the confines of its native platforms.

RLUSD gains momentum with Wanchain’s cross-chain bridgeAccording to an official statement from Wanchain, RLUSD is now transferable across multiple major blockchains via their bridge protocol. While RLUSD is minted natively on the XRP Ledger, the new integration enables its movement to Cardano, Ethereum, and Wanchain networks. Similarly, the Ethereum-based RLUSD can now traverse to Cardano and Wanchain using this infrastructure.

Currently, RLUSD is issued directly only on the XRP Ledger and Ethereum. However, the recent bridge integration lets users shift liquidity between blockchains without relying on centralized intermediaries. As stablecoins continue to gain traction in payments, trading, and decentralized finance (DeFi), such cross-chain compatibility becomes increasingly vital for users.

With this new support, RLUSD holders can move their assets from the XRP Ledger to Cardano through Wanchain’s infrastructure. RLUSD minted on Ethereum can also be integrated into the Cardano ecosystem via the same bridge. In addition, RLUSD available on the Wanchain network can now flow in both directions with Cardano.

Rising appeal of cross-chain bridgesWanchain has been focusing on interoperability and bridge solutions between blockchains for some time. The inclusion of RLUSD in its system brings Ripple’s stablecoin to a broader audience. Notably, Cardano has recently taken significant steps to expand access to dollar-backed assets within its ecosystem.

This bridge infrastructure also allows direct transfers between RLUSD on the XRP Ledger and Ethereum. For users managing liquidity across multiple blockchains, this reduces the hassle of executing additional swaps when navigating between various DeFi platforms and blockchain applications.

Ripple’s multi-chain stablecoin ambitionsThe integration supports Ripple’s multi-chain rollout strategy for RLUSD. Ripple previously disclosed plans to expand RLUSD over time to additional Ethereum-compatible layer-2 networks such as Base, Optimism, Unichain, and Ink. These deployments are currently being tested through a collaboration with Wormhole.

RLUSD has also made its way into the exchange landscape. Since early April, it has been tradeable on Coinone, allowing South Korean investors direct access to the stablecoin with Korean won. This move signaled Ripple’s entry into regulated stablecoin markets in Asia.

Beyond transfers, RLUSD has found new use cases in various applications. On the Bitrue exchange, it can now be used as collateral in futures markets, offering users a stable asset for leveraged trading and wider participation in derivative products.

Mastercard, meanwhile, is exploring options with RLUSD as part of its initiative to implement stablecoins into blockchain-based payment systems. While no formal launch has occurred yet, this reflects interest from major corporate players in utilizing Ripple’s stablecoin for institutional partnerships, beyond traditional token transfers.

Currently, RLUSD has achieved a market capitalization of roughly $1.5 billion, making it the eighth largest stablecoin in existence. While most tokens circulate on Ethereum, there are 382 million RLUSD in supply on the XRP Ledger. The Wanchain bridge integration has considerably broadened RLUSD’s access across multiple blockchains.

In its statement, Wanchain highlighted that by adding RLUSD to its bridges, it enables users to easily transition between important blockchains, aiming to increase RLUSD’s footprint within more diverse ecosystems.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Wanchain has integrated Ripple stablecoin, RLUSD, into its cross-chain bridge, expanding connectivity beyond the XRP Ledger (XRPL) and Ethereum. 

Specifically, Wanchain now enables RLUSD to move seamlessly across additional networks, including Cardano. This upgrade strengthens the stablecoin’s utility and positions it as a more versatile asset within the multi-chain landscape.

Key Points Wanchain integrates RLUSD into its cross-chain bridge, expanding its reach beyond XRPL and Ethereum. The integration allows RLUSD to move across XRPL, Cardano, Ethereum, Wanchain, and several other routes. Ripple is currently making moves to expand RLUSD access to more networks, with mainnet deployment on Ethereum L2 networks like Optimism expected this year. RLUSD currently holds a $1.6 billion market cap, with trading volume surging over 91% in 24 hours to $80.45 million. Wanchain Expands RLUSD Availability Beyond XRPL and Ethereum In a tweet, Wanchain announced adding RLUSD to its bridge infrastructure, enabling smooth two-way transfers across multiple blockchains.

Consequently, users can now move RLUSD between the XRP Ledger and Cardano, XRPL and Wanchain, Ethereum and Cardano, Ethereum and Wanchain, Wanchain and Cardano, as well as XRPL and Ethereum. This expanded routing significantly enhances the token’s cross-chain accessibility.

Moreover, the integration highlights ongoing efforts toward a multi-chain financial system. Instead of operating in the Ethereum and XRPL ecosystems alone, RLUSD now circulates across interconnected platforms, improving liquidity flow and user flexibility.

Ripple Plans RLUSD Debut on Multiple Blockchains Meanwhile, the move aligns with Ripple’s strategy to extend RLUSD’s reach beyond its native ecosystems. That vision gained traction in December when Ripple partnered with Wormhole, leveraging its NTT token standard to expand the stablecoin to Ethereum Layer-2 networks, including Optimism and Base.

While testing remains ongoing, Ripple plans a full mainnet rollout once it secures the necessary regulatory approvals. Now, with Wanchain’s integration, RLUSD’s accessibility has widened further to include Cardano and Wanchain’s own network.

RLUSD Volume Spikes 91% Since its launch in December 2024, RLUSD has rapidly gained traction in the crypto market. It has secured listings on major exchanges, including Binance, Bitget, Kraken, HashKey, and Coinone.

Currently, RLUSD has a market cap of $1.6 billion, ranking it as the 44th-largest token globally and the eighth-largest stablecoin. In addition, its trading activity has surged, with volume jumping over 91% in the past 24 hours to reach $80.45 million—an indication of rising demand and market engagement.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

American model Bri Teresi recently discussed the idea that XRP could play a role in Japan’s reverse yen carry trade, a multitrillion-dollar unwind now moving through global markets. 

In a recent post on X, Teresi said she believes XRP matches the type of fast and programmable system that the financial infrastructure of today needs. 

Teresi Spotlights XRP’s Strengths She called attention to guidance from the Bank for International Settlements (BIS), which says an effective settlement asset should turn over 8 to 10 times a day so banks avoid holding slow-moving currency. 

I believe XRP will be used as a bridge asset in the reverse Yen carry trade. Right now, the BIS says an efficient settlement asset should turn over 8–10 times per day to prevent banks from sitting on huge piles of stagnant currencies. But in a new financial system that’s faster,…

— Bri Teresi (@briteresi) November 27, 2025

Teresi argued that newer systems focus on speed, and she sees XRP meeting that requirement, with SBI Remit in Japan already using it for faster cross-border settlements.

According to the model, XRP’s design allows it to move far faster than the BIS benchmark. After watching an analysis from crypto educator Lewis Jackson, she raised an important question: if trillions begin crossing borders as this reverse carry trade unwinds, what kind of transaction speed will regulators expect from a bridge asset like XRP?

What is The Reverse Carry Trade? For context, Jackson highlighted the entire situation in a recent podcast episode. During his commentary, he discussed how a carry trade works, using a simple example. 

Specifically, a person could borrow $100,000 in a country offering 0% interest, convert the funds into their own currency, and invest it at a 5% return. After one year, that investor would still owe exactly $100,000, but the investment would produce $105,000, leaving $5,000 in profit. 

Jackson explained that Japan enabled this type of strategy for more than twenty years because the Bank of Japan cut interest rates to 0% in 1999, held that level for years, and even pushed rates negative in 2016, which effectively paid people to borrow.

He noted that this environment created what the market calls the yen carry trade. Ministry of Finance data places the size of this trade between $4.2 trillion and $4.5 trillion, with major global banks and financial institutions taking part. The Bank for International Settlements documented this activity as well.

However, everything changed on March 19, 2024, when the Bank of Japan ended its negative-rate era and raised its benchmark rate to 0.1%. Jackson said the small move created major concern because investors feared more hikes could follow. 

Notably, higher rates would erase the profit potential of carry trades, so many traders started to unwind their positions. This led to the reverse carry trade. He estimated that roughly 40% of the trade had already reversed, leaving 60% still active. This remaining portion could strain the system if it unwinds too quickly.

XRP Could Have a Role to Play Jackson then explained why some people in the crypto community believe XRP could help. For context, reversing a carry trade at this scale requires fast and reliable currency conversion, and traditional rails often move slowly and cost a lot. 

According to him, XRP offers a quicker, cheaper, and more secure way to move value across borders. He then highlighted Japan’s long relationship with XRP. Specifically, SBI Remit uses XRP for payment routes between Japan and the Philippines and between Japan and Indonesia. Also, Japanese institutions maintain long-running partnerships with Ripple, which gives the theory more weight.

Jackson noted that he had studied BIS documents, Japanese regulatory material, and SBI Remit’s integrations, and confirmed that the major details behind the reverse carry trade storyline all come from established sources. 

He then called attention to discussions over how XRP’s price might react if these flows ran through the asset, with some predicting price surges to thousands. While Jackson does not support any specific prediction, he said Japan’s policy shift, the scale of the unwind, and XRP’s presence in the country create a setup that deserves serious attention.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Discussion around a possible Ripple IPO in 2026 and potential impact on the XRP price has picked up after Investing Visuals ranked major private companies by estimated valuation.

Specifically, the presentation places SpaceX at the top with a projected value of $1.5 trillion. OpenAI follows at $830 billion, while ByteDance stands at $480 billion. Anthropic comes in at $230 billion, Databricks at $160 billion, and Stripe at $120 billion. 

Projected Ripple IPO at $50B Meanwhile, Revolut holds an estimated valuation of $90 billion, with Shein at $55 billion. Notably, Ripple comes in next at $50 billion, matching Canva at the same level. Together, these companies account for a combined valuation of roughly $3.6 trillion.

Potential Largest IPOs | Investing Visuals If Ripple goes public at a $50 billion valuation, it will likely rank as the ninth-largest IPO of 2026. This figure also exceeds Ripple’s most recent private valuation. For context, in Q4 2025, Ripple completed a $500 million funding round that valued the company at about $40 billion. A move to $50 billion would represent a 25% increase.

Importantly, an IPO of that size would raise questions about XRP’s price outlook. While Ripple operates as a company and XRP exists as a separate digital asset, the markets have often linked the two. 

Specifically, when Ripple expands partnerships, gains regulatory clarity, or attracts institutional attention, XRP sentiment typically picks up. To understand how a $50 billion IPO could affect XRP, we asked Google Gemini for an assessment.

XRP Price if Ripple IPOs at $50B Google Gemini called 2026 a year when Ripple’s corporate growth and XRP’s market performance could become more connected, especially for institutional investors. With the assumption that Ripple lists publicly at a $50 billion valuation, Gemini presented a hypothetical price range for XRP.

According to Gemini, a public listing would represent Ripple’s move from a long-standing private company to a major public one. 

While XRP does not represent ownership in Ripple, the token benefits from activity within Ripple’s ecosystem. Increased visibility from an IPO could bolster confidence in Ripple’s technology and, by extension, support demand for XRP.

XRP Price Prediction if Ripple IPOs at $50B | Google Gemini In this scenario, Gemini suggested a bullish XRP price range between $8 and $15. One major factor behind this prediction is institutional sentiment. At present, XRP trades largely on retail demand and its role in cross-border payments. 

A successful IPO could send a message to traditional finance that Ripple’s business model has matured. Gemini pointed out that some institutional analysts, including Standard Chartered, have already mentioned $8 as a possible XRP target for 2026, assuming steady ETF inflows and lower regulatory risk.

Ripple Executives Downplay the Urgency of an IPO Despite these projections, Ripple executives have consistently downplayed the urgency of an IPO. CEO Brad Garlinghouse said in a July 2024 Fortune interview that going public represents only one step in Ripple’s journey, not a final goal. 

In March 2025, Garlinghouse told Bloomberg that an IPO was not a major priority, noting that Ripple continued to grow without needing public capital. Moreover, he also mentioned to Bloomberg that Ripple currently focuses on acquiring firms, not pursuing a public offering.

Ripple President Monica Long has suggested the same. In an April 2025 CNBC interview, she confirmed that Ripple had no plans to go public in 2025, pointing to billions of dollars in cash reserves. Later, at the Swell conference in New York in November 2025, she told Bloomberg that Ripple had no IPO plan and no timeline.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Cover image via U.Today 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.

After one of its biggest drops in 2026, XRP is making an effort to stabilize, but pressure remains on the larger trend. The asset is currently attempting to establish a local bottom close to the $1.10 area after breaking out of a multi-month consolidation pattern and falling below a number of important support levels. 

According to the daily chart, XRP recently lost the crucial support zone at $1.28, which served as a floor for the majority of March, April, and May. Before buyers intervened, sellers swiftly accelerated the decline after that level gave way, driving the token toward lows around $1.05. The resulting bounce has been modest thus far, indicating that despite the initial attempt at recovery, market participants are still cautious. Technically speaking, there is still significant resistance overhead for XRP. 

XRP/USDT Chart by TradingViewThe 100-day and 200-day moving averages are still significantly higher at $1.28 and $1.35, respectively, while the 50-day moving average is close to $1.20. This alignment demonstrates that bears are still in control of the broader trend. XRP must regain these levels and turn them back into support for any significant recovery. A slightly more positive signal is provided by volume behavior. 

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A significant rise in trading activity coincided with the breakdown, suggesting that a significant amount of selling pressure may have already been absorbed. Volume has steadily returned to normal since hitting its most recent low, indicating that panic selling is waning. Additionally, momentum indicators suggest stabilization as opposed to ongoing capitulation. After emerging from oversold territory, the Relative Strength Index is currently making an effort to rise. 

This suggests that the downward momentum has diminished in comparison to the initial selloff, but it does not ensure a reversal. The $1.20 region continues to be traders' immediate focus. The case for a more widespread relief rally toward $1.28 might be strengthened by a successful push above this level. However, XRP would be open to another test of recent lows if it failed to break higher.

Dogecoin's zero removal potentialDogecoin, the well-known meme coin, may be getting close to a critical point where a "zero removal rally" becomes feasible, even though it is currently far below its cycle highs. DOGE's current price structure indicates that the asset is entering a zone where long-term investors are starting to pay attention again, even though such a move is not imminent. 

DOGE/USDT Chart by TradingViewAs of this writing, DOGE is trading close to $0.084 following a protracted decline that has largely eliminated the excitement that was present earlier in the year. Another round of selling pressure was triggered when the asset recently broke below a rising support trendline that had been forming since February.

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Bears haven't been able to significantly push DOGE below the $0.08 area despite the breakdown, suggesting that buyers are still active at lower levels. Technically, the chart is still not very strong. 

A classic indication that the overall trend is still negative is that DOGE is still trading below its 50-, 100-, and 200-day moving averages. Stronger barriers still exist around $0.098 and $0.114, but the 50-day moving average near $0.089 now serves as immediate resistance. There are some early indicators, though, that the selloff might be slowing down. 

Following the recent crash, the Relative Strength Index approached oversold territory and has since stabilized. Additionally, there was a noticeable increase in volume during the decline, indicating that a considerable amount of weak-handed selling may already have taken place. 

The term "zero removal rally" describes DOGE's eventual recovery of the psychologically significant $0.10 level, thereby eliminating one zero from the price structure. 

Shiba Inu faces more risksAs its technical structure continues to deteriorate, Shiba Inu is under increasing downside pressure. SHIB remains one of the weaker large-cap meme assets, despite the fact that the overall cryptocurrency market has begun to stabilize after recent volatility. Several indicators point to continued elevated risks. 

The daily chart gives a worrying impression. A multi-month rising channel that had been forming since March was recently broken by SHIB. Although that pattern had previously supported several rebounds, the most recent breakdown invalidated the bullish structure and led to a precipitous selloff. 

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Since then, SHIB has found it difficult to generate sufficient buying pressure to recover lost ground. SHIB is still below all major moving averages, currently trading close to $0.0000047. The 100-day and 200-day averages are even higher, at $0.0000055 and $0.0000057, respectively, than the 50-day moving average, which is located around $0.0000050. 

This bearish alignment shows that sellers continue to benefit from both short-term and long-term momentum. After the recent crash, a small rising wedge has emerged, which is one of the more concerning developments. When such formations emerge during broader bearish trends, they more often resolve to the downside, though they can occasionally support recovery attempts. 

Since SHIB is currently testing that pattern's lower bound, the upcoming sessions are especially crucial. Additionally, volume does not produce a strong bullish signal. Despite an increase in activity during the initial decline, buying volume has not significantly increased during the recovery attempt. 

This implies that traders are still cautious and that short covering rather than genuine accumulation may be the primary driver of recent upward movements. Even though the Relative Strength Index recovered from oversold conditions earlier this month, it is still below the neutral 50 level. Although this indicates waning bearish momentum, a sustained trend reversal has not yet been confirmed.

The immediate goal for SHIB bulls is to hold above $0.0000050 and regain the 50-day moving average. The token remains susceptible to another decline toward recent lows in the absence of that rebound. The bearish trend that has dominated much of 2026 could be reinforced if SHIB breaks below the current support.

XRP price hovered at $1.08 on Wednesday, June 24th, after slipping 1.96% in 24 hours. The token stayed under pressure as the wider crypto market consolidated, with Bitcoin near $62,000. The XRP price has declined by 10% in the last week and has spread the weakness of major altcoins. 

Grok AI still predicts a possible rally before 2026 ends. The CLARITY Act includes new policy attention following its House passage on July 17 this year, which retains regulation in the center of discussion among digital asset investors.

XRP Price Rally Ahead? Grok AI Points to 2026 Upside Elon Musk’s Grok AI has projected a strong XRP price rally before 2026 ends. The model opined that XRP would recover when Bitcoin can gain support and liquidity goes back to major altcoins. It also cited the progressive CLARITY Act, ETF interest and expansion of Ripple as institutions as favorable. 

Source: Grok Ai Bullish version of case by Grok has XRP to reach 1.60 to 1.80 in 30 days should sentiment turn. A more optimistic base case has XRP between $1.55 and $1.75 at the beginning of July. Nevertheless, the prospect is risky. Additional Bitcoin vulnerability or regulatory delays might drag XRP back into the $1.00 to $1.05 support range initially. Volume, policy progress and BTC are monitored by traders.

XRP Spot ETF Inflows Hit Two-Week High as Bitwise Leads The largest daily inflow into XRP spot ETFs was 5.31 million on June 22, the highest inflow in two weeks. Bitwise XRP ETF registered the entire inflow on SoSOValue Crypto data. The last larger reading was on June 9 when dollars came in at 7.44 million. 

Source: Sosovalue data The new demand came when RLUSD got a formal listing in Japan. In the meantime, the XRPL Lending Protocol passed a security audit. Voting on the amendment of v3.2.0 also proceeded throughout the network, introducing another beneficial update to XRP traders.

XRP Price Prediction: Can Bulls Reclaim $2.0 Soon? The XRP price traded at $1.09 on the 4-hour chart, slipping 0.34% at press time.

The token has weakened short-term and is currently testing the $1.10 area. The level has turned into a significant buyer line. A decisive break above $1.10 may help in recovering to $1.15.

The first significant recovery point is at the level of $1.15. With improved momentum, the XRP price might stretch to $1.20. 

The RSI is at 31 with a low momentum. The MACD is also in favor of the prudent opinion. The MACD line remains below the signal line. This demonstrates that bearishness has not yet lost its grip.

Source: XRP/USDT 4-hour chart: Tradingview Nevertheless, the risk of downside is still present. If the XRP price loses $1.09, selling pressure may increase. The support target at the next level is around $1.05. A further dissection would reveal the psychological level of $1.00.

Your favorite altcoin may be up 100% year-to-date, but make no mistake, Bitcoin is currently the alpha of the cryptocurrency pack.

Related Reading: Bears in Charge as Bitcoin Price at Risk of November 2018 Style Dump Since Bitcoin dominance hit some 32% in early-2018, altcoins have underperformed. Dramatically. In fact, dominance for the leading cryptocurrency now sits at 69% and is showing no signs of stopping its growth.

According to a recent analysis by one leading trader, Willy Woo, the carnage seen in altcoin markets may soon end — or at least may take a breather. Bag holders rejoice!

Altcoins May Soon Bottom Against Bitcoin While Bitcoin is a mere 50% lower than its all-time high of $20,000, a majority of altcoins are far from achieving that milestone. Per data from Messari’s OnChainFX, XRP, Ethereum, Bitcoin Cash, and Litecoin are among the leading altcoins that are still more than 80% down from their all-time high. This bifurcation, as aforementioned, has resulted in a surge in Bitcoin dominance.

Woo, however, believes that altcoins may soon finally find some support against Bitcoin. He posted the below image on Twitter, which shows that the altcoin capitalization-to-Bitcoin capitalization ratio and the altcoin market volume-to-Bitcoin market volume indicators are currently “heading into a region of support.”

Indeed, as the Bitcoin-centric Adaptive Capital partner chart depicts, the two aforementioned indicators are currently poised to encounter two key lines of historical support. Should history repeat itself, altcoins should bounce in the coming months, potentially to kick off what crypto traders call an “altseason”.

Related Reading: Ethereum Price Has Best Risk-Reward Ratio Ever: Crypto Venture Capitalist Woo isn’t the only analyst currently charting for altcoins to finally start baring their fangs.

Per previous reports from NewsBTC, Bitcoin dominance is nearing the apex of a rising/ascending wedge, which, is a technical pattern marked by tightening ranges and a decrease in momentum. With an ascending wedge being seen as a bearish chart structure, BTC dominance may soon collapse and an altseason may come to fruition.

That’s not all, a Telegram technical indicator group recently posted that the weekly Bitcoin dominance chart on TradingView flashed a sell nine for the TD Sequential indicator. This strongly implies a strong trend reversal for altcoins against BTC, which has the potential to last for a number of weeks.

Or Not… Despite the signals that altcoins may finally have some room to run, not everyone is convinced. In fact, 70% of more than two-thirds of nearly 4,900 respondents to a Twitter poll believe that the altcoin carnage isn’t complete. The remaining 30% think that this subset of the crypto asset class has finally bottomed.

Pure fundamentals suggest that Bitcoin may continue to steal all the limelight from altcoins.

Just look to the U.S. Securities and Exchange Commission’s recent attacks against high-profile crypto projects, like Kik’s KIN and Veritaseum, which have both been sued by the financial regulator over recent months.

Also, institutions foraying into this industry have focused nearly solely on Bitcoin. Just look to Bakkt, which will be finally coming to market this fall with its first product — physically-deliverable Bitcoin futures.

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Ripple failed to dismiss the lawsuit alleging XRP tokens are unregistered securities. The action could “upend and threaten to destroy the established XRP market,” said the motion.

Ripple Fights Lawsuit Over XRP In early August 2019, a complaint was filed against Ripple arguing that its XRP tokens are unregistered securities under U.S. law. The filing represented an update to a lawsuit filed against the San Francisco-based startup in May 2018.

The complaint argues that Ripple violated California’s securities laws and engaged in false advertising and unfair competition. Ripple allegedly blurred differences between its enterprise solutions and XRP to further drive demand. The startup even paid exchanges to list the token.

Additionally, Ripple reportedly limited the supply of XRP to drive price appreciation and made false statements, claiming that the digital asset is not a security.

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While the plaintiff demanded XRP to be recognized as a security and compensation for incurred losses, Ripple filed a motion to dismiss the lawsuit in September 2019, claiming the case was not brought forward in a timely manner.

Now, a court document filed on February 26 reveals that Judge Phyllis Hamilton of the Court of the Northern District of California dismissed Ripple’s claims that the plaintiff failed to act in a timely manner.

That said, Hamilton also recognized that the company did not violate California state law. As a result, claims of false advertising were dismissed as well as claims of personal liability against Ripple’s CEO Brad Garlinghouse.

XRP Could Be Deemed a Security Since the case remains open and the plaintiff can amend the complaint, Ripple believes that moving forward with it could “destroy the established XRP market.”

“Were Plaintiff allowed to belatedly challenge the classification of XRP, it would not only threaten to eliminate XRP’s utility as a currency, but it would upend and threaten to destroy the established XRP market more broadly […] potentially wiping out the value held by the alleged thousands of individual XRP holders around the world,” read the motion to dismiss.

Ripple fears that XRP would experience something similar to what happened to other cryptocurrencies after the SEC sought enforcement action.

In early June 2019, for instance, the SEC sued Kik for conducting an illegal $100 million initial coin offering. The Commission sought a permanent injunction, disgorgement plus interest, and a penalty. Following the charges, the price of KIN collapsed nearly 90%.

A similar market reaction occurred to Veritaseum after the SEC filed a complaint against its CEO Reginald Middleton for conducting an unregistered ICO. VERI token plummeted nearly 60% after the enforcement action.

Even though the legality of XRP remains uncertain, it seems to stands out as a potential security under U.S. regulations, according to the Crypto Rating Council. The organization maintains that XRP was initially sold without clear utility and was marketed with “securities-like language.” Within CRC’s assessment, the token has many “characteristics strongly consistent with treatment as a security.”

Many industry leaders believe that the SEC would have taken action by now if it thought XRP was a security. However, fintech lawyer Jake Chervinsky maintains that the regulatory agency’s enforcement “moves slowly under the best of circumstances” and may be on hold until the lawsuit “wraps up.”

Disclosure: This article was edited by Ali Martinez. For more information on how we create and review content, see our Editorial Policy.

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June 10, 2026

A fresh product announcement from Ripple is here to be the price catalyst XRP holders have been waiting for. Ripple has officially unveiled the XRPL AI Starter Kit, a developer toolkit purpose-built for autonomous, machine-to-machine payments on the XRP Ledger.

The Starter Kit launches in phases, with Phase 1 targeting developers building agentic payment applications, systems that settle invoices, pay for compute, and complete transactions without human approval loops.

XRPL AI Starter Kit at a glance, RippleRLUSD, Ripple’s USD-backed stablecoin, is fully integrated into the toolkit, supporting price-stable workflows like payroll and agent-to-agent commerce via the XRPL DEX. Institutional safeguards like escrow, multi-signature, deposit authorization, and trust lines are available natively with no custom smart contracts required.

The convergence of developer tooling expansion, AI payment infrastructure, and ETF speculation is creating an unusually dense news cycle for XRP.

Discover: The Best Crypto to Diversify Your Portfolio

Can XRP Price Reclaim $2? Can the XRPL AI Starter Kit Drive Developer Demand?XRP price is at the $1.10-$1.15 range, as it remains well below its highs despite recent positive sentiment. The daily range shows that liquidity is dispersed and volatility remains elevated.

Technically, XRP appears to be consolidating. The asset is caught between a meaningful support floor and resistance near the $1-$1.3 zone. XRP’s structural price dynamics have flagged that institutional demand cycles, not retail flows, are the primary price driver at this stage.

Three scenarios are on the table. First, if the XRPL AI Starter Kit drives measurable developer adoption metrics XRP could reclaim $2.50+. The second scenario would see sentiment remain constructive, but price oscillates between $1.00 and $1.30 as traders wait for a harder catalyst.

The third and last one is bearish. In the case of disappointed developer uptake, XRP could retest the sub-$1.00 support. A speculative AI-model estimate of $5 by late 2025 circulates in community feeds.

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LiquidChain Targets Early-Mover Upside as XRP Tests Key Infrastructure NarrativeXRP’s AI Starter Kit announcement underscores a broader market theme: cross-chain infrastructure and developer tooling are attracting serious capital. But at XRP’s current market cap, the asymmetric upside that early-cycle investors chase is largely already priced into any near-term scenario. That’s where earlier-stage infrastructure plays enter the conversation.

LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as the cross-chain liquidity layer, fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment. Developers deploy once and access all three ecosystems simultaneously.

The presale has raised $830K to date, with $LIQUID currently priced at $0.01468. Core architecture features include a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once architecture, all targeting the fragmentation problem that plagues multi-chain development today.

The AI-infrastructure narrative gaining traction around XRP applies equally to L3 settlement layers like LiquidChain, as autonomous agents need unified liquidity rails, not siloed chains.

Research LiquidChain here.

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An analyst has reignited bullish expectations for XRP, pointing to a historical fractal pattern that could catapult the asset to more than 50 times its current price.

The analysis suggests XRP could reach as high as $123, a level not seen in any previous cycle.

Hints from XRP Historical Fractal In his commentary on XRP’s performance, analyst Javon Marks shared a chart comparing XRP’s recent breakout to a similar technical pattern from 2017. At that time, XRP broke out of a pennant formation that spanned about two years.

XRP rallied from consolidation lows, where it traded with two leading zeros, to above the 2.618 Fibonacci extension, translating to a peak above $2.10.

During this climb, XRP formed local tops at the $0.0364 price mark (the 1.00 Fibonacci level), consolidated briefly, and broke out to the 1.618 Fibonacci level, equivalent to $0.1726. It then consolidated for several weeks before completing the bull run. Ultimately, XRP surpassed the 2.618 Fibonacci level and reached highs above $3.

XRP chart by Javon Marks Meanwhile, XRP entered a more prolonged consolidation phase that lasted over seven years. Marks’ chart confirmed that XRP has now completed the breakout from the multi-year pennant pattern, which formed in 2018.

This breakout has already pushed XRP into the $2+ range, slightly above the 1.00 Fibonacci level. Interestingly, the pattern XRP is forming now mirrors the early stages of the 2017 price explosion.

In particular, XRP has slipped into a ranging phase following the initial momentum from its breakout, cooling off the frenzy. Marks believes the second phase of a full-scale bull run is about to take shape. 

According to his chart, the next target before another period of consolidation is the 1.618 Fibonacci extension, equivalent to a price of $9.63.

Why $123 Is on the Radar By applying the same Fibonacci logic to the current structure, Marks forecasts that XRP could again climb to the 2.618 Fibonacci extension, which this time sits around $123, after surpassing the 1.618 level. According to his estimation, this would represent a more than 50X increase from current price levels.

If such a move were to materialize, it would not only mark XRP’s highest valuation in history but would also place it among the top contenders in market capitalization, rivaling Bitcoin and Ethereum.

Specifically, at a $123 price, XRP’s market cap based on the current circulating supply of 58.55 billion tokens would be approximately $7.2 trillion. This is larger than the current combined market caps of Bitcoin and Ethereum, as well as the overall crypto market.

Caution Amid the Hype While the technical setup is compelling, other analysts have cautioned that history doesn’t always repeat itself. In particular, some members of the XRP community believe the 2017 fractal is no longer relevant for future projections.

Critics of the $123 price target argue that such an audacious valuation, and the implied $7 trillion market cap, represent an overestimation of XRP’s potential in the current cycle. As a result, they advise holders to take profits strategically rather than waiting for these extreme price levels to materialize.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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The XRP price may be on the edge of a major explosion, as a new fractal report by a market expert, known as the ‘Charting Guy’ on the X social media, reveals an almost perfect repeat of the XRPBTC bull run in 2017. With its current chart mirroring the same timing and structure, the analyst suggests that XRP is now entering the critical phase that previously led to its historic surge. 

XRPBTC Mirrors Historic 2017 Bull Pattern On July 7, the Charting Guy released a technical analysis of the XRP/BTC trading pair, indicating that XRP could be gearing up for a massive breakout that mirrors its historic 2017 bull cycle structure. The analyst’s report presents a zoomed-in fractal overlay of the current XRPBTC price action with a pattern from the 2017 rally, revealing an almost exact match in timing, direction, and structure. 

The Charting Guy disclosed that this fractal had accurately forecasted both the December and January local highs down to the exact day, reinforcing confidence in its predictive reliability. Furthermore, the XRP/BTC chart shows the trading pair consolidating through the first half of 2025 after a strong run-up that mirrored the initial 2017 move.

Source: The Charting Guy on X In August, the pair experienced a sharp reversal and breakout to the upside, just as the fractal predicted. As a result, the trajectory of the overlaid fractal suggests that XRP/BTC may now be entering the parabolic phase of the cycle, similar to the final months of 2017, where price surged to peak levels. 

While the fractal is not intended to predict the exact price levels of XRP/BTC, its alignment in timing and structure suggests that the trading pair could continue following its historical trajectory. If the pattern plays out perfectly, XRP may rally hard against Bitcoin in the coming months, potentially replicating one of its most explosive phases of its 2017 market rally. For now, the Charting Guy has urged traders to closely monitor the pair’s next moves over the coming months. 

XRP Price Forecasted To Outperform Bitcoin In other news, the Charting Guy recently reposted an insightful analysis on the XRP/BTC trading pair by Matt Hughes, a crypto analyst and chartist on X. In this post, XRP shows signs of a significant bullish move as both its Bitcoin and USD trading pairs approach critical levels on the weekly timeframe. 

The charts for both XRP/BTC and XRP/USD reveal strikingly similar structures, with the altcoin in each pair interacting with the upper boundary of the Ichimoku Cloud indicator. On the XRP/BTC chart, Hughes highlights that price action has recently broken into the cloud and is now testing its upper boundary. This behavior suggests a potential breakout to the upside, indicating that XRP could outperform Bitcoin if bullish momentum continues.

Likewise, the XRP/USD chart displays a structure that closely mirrors XRPBTC, with the altcoin now trading at the edge of the weekly cloud. The alignment across both pairs reinforces the likelihood of a bullish breakout. If the breakout holds, it could mark the beginning of a new upward phase for XRP, with projections implying a move well above current levels.  

XRP trading at $2.29 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Key Takeaways XRP approaches a rare death cross formation between the 20-week and 200-week exponential moving averages around $1.39–$1.40 Historical death cross patterns resulted in price rebounds ranging from 20% to 82.7% Approximately $236.5 million in short liquidations are concentrated in the $1.37–$1.40 price range Market analyst Cryptollica notes XRP has reached this oversold level just three times across 13 years Cycle-based forecasting models from EGRAG CRYPTO and CW point to potential targets spanning $5.70 to $8.00 As of June 23, 2026, XRP is hovering around $1.13–$1.14, marking a decline from its recent peaks. However, a convergence of technical indicators suggests the cryptocurrency may be positioned for a short-term recovery rally approaching 25%.

XRP Price The 20-week exponential moving average for XRP currently hovers just above the 200-week EMA, positioned near $1.39 and $1.40 respectively. Should the shorter-term average drop beneath the longer-term one following a weekly close, it would create an uncommon death cross formation.

While this technical pattern typically carries bearish connotations, XRP’s historical performance following such crossovers tells a different story. Previous instances have triggered mean-reversion rallies back toward the longer-term moving average.

During 2019, XRP experienced approximately a 20% surge following a comparable formation. The 2022 occurrence proved even more dramatic, delivering an 82.7% rally. In both situations, the 200-week EMA served as a price magnet.

If history repeats itself, XRP could target the $1.39–$1.40 range—representing a potential upside of 23% to 25% from present levels.

The weekly Relative Strength Index for XRP currently registers just above 30, a level traditionally associated with oversold market conditions. Such readings typically indicate that downward momentum may be exhausting itself.

Concentrated Short Position Liquidation Risk Near $1.40 Data from CoinGlass liquidation heatmaps reveals a substantial $236.5 million concentration of short position liquidations positioned in the $1.37–$1.40 price corridor above current trading levels.

Should XRP initiate an upward move, traders holding short positions in this zone would face forced buybacks of their positions. This forced buying activity could provide additional momentum driving price action toward $1.40.

On Sunday, analyst Cryptollica highlighted that XRP’s 10-day RSI has dropped into the low-30s range, approaching levels historically correlated with significant accumulation periods during previous market cycles.

THE MOST HATED RALLY IN CRYPTO

In 13 years, XRP has only been this washed out 3 times.

The first 2 times, the crowd laughed, ignored it, and only understood the setup after price had already left.

people mocking $XRP now will not say they missed it; they will say it was… pic.twitter.com/PlxLCWz9hY

— Cryptollica (@Cryptollica) June 21, 2026

“In 13 years, XRP has only been this washed out 3 times,” Cryptollica stated. “The first 2 times, the crowd laughed, ignored it, and only understood the setup after price had already left.”

Cryptollica’s technical analysis also illustrates XRP maintaining position above the lower boundary of a multi-year ascending channel that has connected significant macro bottoms dating back to 2017. This support trendline is currently situated near $0.75.

Large Holder Activity and Extended Time Frame Projections Analyst EGRAG CRYPTO employs a cyclical analysis framework centered on a “Central Line”—representing a macro equilibrium threshold that distinguishes accumulation phases from expansion phases.

#XRP – Central Line Targets Are Not Random ( $5.7-$8):

🟪The Base:
▫️This projection starts from #XRP’s Central Line.
▫️This line has historically acted as the macro divider between accumulation and profit-taking zones.
▫️Below it: fear and opportunity.
▫️Above it: expansion… pic.twitter.com/Bj0Knfs5B4

— EGRAG CRYPTO (@egragcrypto) June 22, 2026

Drawing from historical growth cycles that have produced returns between 200% and 330% above this equilibrium line, the analytical model suggests a best-case price objective of $8.00, with a more conservative cycle target of $5.70.

Independently, analyst CW noted increasing divergence between whale wallet behavior and retail market participants, observing that major holders have been expanding long positions in XRP derivatives.

Analyst Javon Marks emphasized that each significant momentum trough throughout XRP’s trading history has subsequently produced gains exceeding 10x, suggesting a potential target above $15 is within reach. He characterized the present setup as aligning with a broader historical pattern of gains surpassing 1,000% from comparable bottom formations.

$XRP's momentum shows that prices can be positioning here for another bottom and run.

A more than 10X followed every single one of these bottoms in momentum!

With the next target above $15 another >1,000% increase fits right in the picture… pic.twitter.com/lXVmnMmA5Q

— JAVON⚡️MARKS (@JavonTM1) June 22, 2026

XRP’s 24-hour trading volume currently registers at $1.45 billion, supporting a market capitalization of $70.99 billion. The asset has posted a 6.02% gain over the past 24 hours.

Key Takeaways XRP currently trades between $1.09–$1.10, marking approximately 10% weekly losses and 20% monthly declines Market-wide cryptocurrency downturn sparked by Bitcoin dropping beneath $65,000 pressured XRP lower Continuous XRP spot ETF accumulation for seven consecutive weeks hasn’t reversed the bearish trajectory Technical signals point to sustained bearish pressure, with price action beneath the 50, 100, and 200-day exponential moving averages Luxembourg’s financial authority granted Ripple conditional preliminary CASP licensing under MiCA regulations XRP exchanged hands near $1.09 during Tuesday’s session, reflecting roughly 5% intraday losses. The digital asset has surrendered over 10% across the trailing seven-day period and approximately 20% throughout the past thirty days.

XRP Price The downturn materialized after bulls failed to penetrate the $1.30 ceiling. Following this rejection, bears seized momentum and drove valuations back toward the $1.00 threshold that has previously provided support during recent weeks.

Daily trading volumes expanded approximately 10% to reach $1.48 billion based on CoinMarketCap data. The mid-June recovery has evaporated completely, with bearish candles dominating 18 of 26 trading sessions throughout the current month.

Wider cryptocurrency market dynamics contributed significantly. Bitcoin‘s descent below the $65,000 mark catalyzed approximately $700 million in forced liquidations system-wide, predominantly affecting leveraged long positions. Given XRP’s high-beta characteristics, the token experienced amplified downside pressure compared to many peers.

Macroeconomic headwinds compounded selling pressure. Investor expectations have reversed from anticipating interest rate reductions to now pricing in potential hikes following the latest Federal Reserve policy announcement. This shift strengthened the US dollar while triggering capital flight from speculative assets including cryptocurrencies.

Geopolitical uncertainties further dampened market sentiment. Conflicting developments from US-Iran diplomatic discussions in Switzerland introduced additional ambiguity. The cryptocurrency Fear & Greed Index plummeted to 23 on Monday, indicating Extreme Fear conditions.

Institutional Flows Remain Constructive Institutional accumulation has persisted despite declining spot prices. XRP-focused spot exchange-traded funds captured approximately $5.31 million in net inflows on June 22, with Bitwise leading contributions. This extends a seven-week streak of uninterrupted positive flows, pushing monthly aggregate inflows beyond $29 million.

Total cumulative ETF inflows have reached $1.45 billion, while assets under management average $993 million per SoSoValue analytics. XRP holdings on centralized exchanges have contracted to multi-year lows as tokens migrate into ETF structures and cold storage solutions.

Market analyst ChartNerd highlighted on X platform that historical XRP performance data reveals recurring seasonal weakness during June-July periods coinciding with US midterm election years, referencing 2018, 2022, and projecting 2026 as comparable configurations. The pattern traditionally features volatile sideways movement preceding sharp corrections, with anticipated rebounds emerging post-summer.

Historical $XRP data shows consistent seasonal weakness in June/July during U.S. midterm years (2018, 2022, 2026). The pattern: choppy consolidation followed by sharp drops within this window. 2026 has mirrored this exact setup. My eyes are set on a post summer recovery/rebound. https://t.co/TSBmA0gtiG pic.twitter.com/RwDGl2XBjB

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) June 23, 2026

Chart Analysis XRP maintains positioning substantially beneath its 50-day, 100-day, and 200-day exponential moving averages located at $1.25, $1.35, and $1.56 respectively. The Relative Strength Index oscillates between 37–40, confirming subdued bearish momentum. The MACD histogram hovering near neutral territory suggests potential stabilization without confirming reversal.

Immediate support emerges at the lower Bollinger Band positioned at $1.07. Penetration of this level would expose the $1.05 zone, followed by the psychologically significant $1.00 threshold.

Resistance barriers appear sequentially at $1.15, $1.22, and $1.25. Aggregate futures open interest currently registers $2.69 billion, marginally elevated from the previous session’s $2.55 billion.

Ripple secured conditional preliminary authorization for a Crypto Asset Service Provider license from Luxembourg’s financial supervisory authority under the European Union’s Markets in Crypto-Assets regulatory framework on Tuesday. The approval remains provisional pending fulfillment of supplementary regulatory requirements.