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Solana (SOL) is now available on the XRP Ledger DEX, Hussein Zangana (Vet), XRP Ledger Foundation director of community, revealed in a recent post. Wrapped and issued by Axelar, this move connects Solana and the XRP Ledger.

As the XRP DEX is native, users will be able to access Solana on XRP Ledger-based platforms. They can swap SOL on the XRPL DEX through the XPMarket, First Ledger, and Magnetic platforms. They can also access SOL directly within Xaman Wallet through the Swap widget.

The move follows a trend that has increased since 2025 and continues in 2026, opening up new paths for several assets to move across chains, with XRP having gone live on Solana earlier.

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Wrapped XRP (wXRP), issued by Hex Trust, went live on Solana in April, making the token available for the first time through Solana's DeFi apps (Jupiter, Phantom, Titan Exchange, and Meteora). wXRP, which is tradable with RLUSD, can be used on supported blockchains, including Solana, Optimism, Ethereum, and HyperEVM.

Warning issuedWith a new interoperability milestone unlocked with Solana now available on the XRPL DEX, Vet issued a crucial warning to the XRP community. He noted that currently Axelar is the only legitimate issuer of Wrapped SOL, urging XRPL users to beware of fake tokens.

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Vet added that platforms that support Wrapped SOL on the XRPL, including XPMarket, First Ledger, Magnetic, and Xaman Wallet, have given the token a checkmark to make it easier to identify. He shared a screenshot from XRPScan to explain what he meant.

As seen in the screenshot, the account name or the issuer is listed as Axelar Bridge with a checkmark. This will enable users to differentiate the original issuer from fake ones, which are those without a checkmark.

However, users should not rely only on the token name or the ticker. They should verify the issuer address and cross-check with reliable sources before trading.

A $550,000 community audit contest uncovered two critical vulnerabilities in XRP Ledger features that could have drained user accounts without private keys. The findings reveal how Ripple’s audit-before-release model diverges sharply from the broader crypto industry’s patch-after-exploit norm.

Summary

Sherlock’s two-week audit contest, which opened on April 13, 2026, uncovered 96 valid vulnerabilities across five proposed XRP Ledger amendments, including 2 critical and 6 high-severity bugs, before any of them reached mainnet. Ripple paid $309,000 in RLUSD bounties from a $550,000 prize pool, marking the first collaboration between Sherlock and Ripple and one of the largest audit contests of 2026. The most severe finding was a signature-validation flaw in the Batch amendment that would have allowed attackers to execute transactions from any account without holding its private keys, first identified on February 19, 2026, by researcher Pranamya Keshkamat and Cantina’s AI tool Apex. A separate critical bug in Permission Delegation allowed malicious actors to silently drain XRP balances through repeated fee charges on invalid delegated transactions, because the code checked permissions before verifying signatures. DeFi exploits exceeded $840 million across more than 50 incidents in the first five months of 2026 alone, a 70% year-over-year increase, and 70% of exploited contracts had been audited but lacked post-deployment monitoring. XRP Ledger version 3.3.0 shipped on August 6, 2026, carrying five proposed amendments and a bundled cleanup patch. On paper it looked like a routine infrastructure release. Underneath, the update represented the conclusion of a six-month security gauntlet that caught two account-draining bugs, rewrote two entire feature implementations from scratch, and paid hundreds of thousands of dollars to outside researchers who found problems the internal team had missed. The process raises a pointed question for the wider blockchain industry: if Ripple can catch critical flaws before deployment, why does so much of crypto still treat security audits as a post-launch checkbox?

This piece breaks down what the two critical vulnerabilities actually were at a technical level, examines how the audit-vote-activate pipeline compares to competing chains’ security models, and assesses whether the findings strengthen or undermine the case for XRPL as institutional-grade infrastructure.

What the Sherlock contest actually found The scope covered five pillars of upcoming XRPL functionality: Batch Transactions, Permission Delegation, Multi-Purpose Token (MPT) DEX integration, Confidential Transfers for MPTs, and Sponsored Fees and Reserves. Sherlock, a Web3 security firm that ranks researchers by performance and structures engagements as adversarial contests, opened the audit on April 13, 2026, with a $550,000 RLUSD prize pool. The contest page on Sherlock’s platform listed the engagement as “XRP Ledger – April 2026 Contest – 550,000 RLUSD,” signaling that Ripple paid the bounties in its own stablecoin.

Over two weeks, participants submitted reports that surfaced 96 valid findings: 2 critical, 6 high, 29 medium, and 59 low-severity issues. Ripple distributed $309,000 in RLUSD to contributors. The remaining pool covered Sherlock’s operational costs and lower-tier findings that did not meet the payout threshold.

The contest marked the first formal collaboration between Sherlock and Ripple, and it arrived at a moment when the XRP Ledger’s feature pipeline was expanding faster than at any point in its history. Five amendments shipping simultaneously meant five distinct attack surfaces, each with its own transaction logic, authorization model, and cryptographic requirements. For context, Sherlock’s audit contest model has previously been used by protocols including Aave, Euler, and Olympus DAO, but an engagement covering C++ protocol-level code for a layer-one blockchain was atypical for a platform more commonly associated with Solidity smart contracts.

The severity distribution itself tells a story. The 29 medium-severity findings suggest a category of bugs that would not individually compromise accounts but could create unexpected behavior under specific transaction sequences. The 59 low-severity issues likely include code quality concerns, documentation gaps, and edge cases that could compound under adversarial conditions. The two critical and six high-severity bugs, however, represented exploitable vulnerabilities that warranted immediate remediation.

The Batch amendment bug that could have emptied accounts The most dangerous vulnerability predated the Sherlock contest by two months. On February 19, 2026, security researcher Pranamya Keshkamat and Cantina’s autonomous AI audit tool Apex independently identified a signature-validation flaw in the original Batch amendment while it was still in its validator voting phase.

The technical failure was precise. Batch Transactions allow up to eight operations to execute atomically under a single outer transaction. The outer transaction’s signature-validation code contained an early-exit condition that could be satisfied without properly verifying who was authorizing the inner transactions. In practice, an attacker could have constructed a Batch transaction containing inner Payment operations targeting a victim account, draining it down to its reserve balance, without ever holding that account’s private keys. The same logic gap would have permitted unauthorized AccountSet, TrustSet, or AccountDelete operations.

The vulnerability disclosure report published on xrpl.org detailed the mechanics: the signer check in the outer transaction could pass without confirming that the entity submitting the batch actually controlled the accounts referenced in the inner transactions. This meant that the atomicity feature designed to improve user experience could have been weaponized to empty any account on the network in a single transaction.

RippleX responded with an emergency release. Rippled version 3.1.1, published on February 23, 2026, four days after discovery, marked both the original Batch amendment and its companion fixBatchInnerSigs as unsupported, preventing validators from voting on or activating them. No funds were lost because the amendment had not yet cleared the 80% validator threshold required for activation. The replacement, BatchV1_1, shipped in version 3.3.0 with the early-exit condition removed, additional authorization guards added, and the signing check scope tightened to verify each inner transaction against the correct signer independently.

Permission Delegation’s silent fee-drain exploit The second critical vulnerability operated through a subtler mechanism. A September 2025 disclosure documented how the original Permission Delegation implementation allowed an attacker to silently bleed a victim account’s XRP balance without accessing its keys.

The exploit relied on a design feature of the XRP Ledger’s transaction processing that has existed since the network’s earliest days. On XRPL, a transaction that fails with a “tec”-class error still incurs a fee charge, while errors caught earlier in the pipeline, before signature verification, do not. This distinction exists because tec-class failures indicate transactions that were properly formed and signed but failed for business-logic reasons, and the fee prevents spam. Permission Delegation’s original code checked whether a delegate account held the relevant permission before it verified the transaction’s signature. An attacker could repeatedly submit invalid offline-signed transactions with elevated fees against a delegated account, and each failed transaction would still deduct the fee from the victim’s balance.

The economic impact would have compounded quickly. Because the attacker could set arbitrarily high fees on these transactions, a sustained attack could drain an account far faster than normal transaction fees would suggest. The victim would see their balance declining with no corresponding outbound payments, making the attack difficult to diagnose without examining raw transaction metadata.

The fix reclassified the relevant error from tec to ter and reordered the checks so that no fee can be deducted before signature verification passes. The replacement amendment, PermissionDelegationV1_1, carries a default “No” designation in the 3.3.0 registry, meaning validators must actively vote to enable it. This conservative default reflects the sensitivity of the original flaw: even after the rewrite, Ripple chose to require explicit validator opt-in for the feature.

BREAKING: XRP Ledger sustains over 140 TPS and blocks with up to 987 transactions during today’s big activity wave, maintaining cent-level fees and 3-4 second settlement pic.twitter.com/yaAyCH4wGy

— crypto.news (@cryptodotnews) April 10, 2026 Why both rewrites shipped in a single release Packaging two security-rewritten amendments alongside three entirely new features in one version was a deliberate choice. RippleX published xrpld 3.3.0 on August 6, 2026, with the code for all six proposals (including a bundled cleanup amendment called fixCleanup3_3_0) present but none of them activated. Under the XRP Ledger’s amendment process, each proposal must sustain more than 80% validator support for two consecutive weeks before going live.

This separation between code availability and feature activation is a structural advantage that most smart-contract platforms lack. On Ethereum, a deployed contract is live the moment it hits the blockchain. On XRPL, code can ship, undergo further review during the voting window, and still be blocked if validators lose confidence. The Batch and Permission Delegation rewrites had already survived the Sherlock contest, a Halborn re-audit that found zero critical or high-risk issues, and months of internal testing. The voting period adds yet another layer of defense before any code touches real funds.

The version also retired five legacy amendments, including Clawback, fixDisallowIncomingV1, fixInnerObjTemplate, fixNFTokenReserve, and fixUniversalNumber, removing dead code paths that could otherwise accumulate as latent attack surface over time.

The five feature amendments in 3.3.0 represent the broadest single expansion of XRPL capabilities to date. Confidential Transfers bring EC-ElGamal encryption and zero-knowledge proofs to Multi-Purpose Tokens, shielding individual balances and transfer amounts from public view while preserving compliance access for authorized parties. Sponsored Fees allow applications to cover network costs on behalf of users, addressing the onboarding friction that has kept consumer-facing applications off decentralized networks. DynamicMPT lets issuers modify token properties after creation, supporting evolving regulatory and business requirements. Together with the Batch and Permission Delegation rewrites, these features target a specific audience: regulated financial institutions that need privacy, atomic settlement, and delegated operations without sacrificing auditability.

Audit before release versus patch after exploit The contrast between Ripple’s approach and the broader industry’s security track record is stark. DeFi exploits exceeded $840 million across more than 50 incidents in the first five months of 2026, a 70% year-over-year increase over the same period in 2025. North Korea-linked actors accounted for 76% of global crypto hack losses in the first four months of the year. And the most damning statistic: 70% of exploited contracts had been audited but lacked any form of post-deployment monitoring. Only 4% of tracked projects combined audits, active bug bounties, and third-party monitoring controls together.

The Ethereum ecosystem, home to the largest concentration of smart-contract value, operates under a fundamentally different security model. Contracts deploy to mainnet through an immutable transaction. If a vulnerability surfaces afterward, the options are limited: deploy a new contract and migrate users, implement a proxy upgrade pattern that introduces its own attack surface, or accept the risk. The Wormhole bridge hack of 2022 cost $320 million because a deprecated verification function remained in production code. Ronin’s August 2024 exploit cost $12 million because a contract upgrade failed to initialize operator weights correctly. In both cases, audits had been performed; the failures happened after deployment.

The KelpDAO hack on April 18, 2026, which drained approximately $293 million, was the largest single DeFi exploit of the year. The Drift Protocol exploit on Solana on April 1, which cost roughly $286 million, was the largest ever recorded on that chain. These figures are not fringe events. They represent the baseline failure rate of an industry that has collectively lost $16.69 billion to hacks, bridge exploits, and security incidents according to DeFiLlama data.

XRPL’s amendment voting process inverts this sequence. Code ships in a release, but features remain dormant until validators approve them. During the voting window, researchers, node operators, and competing auditors can examine the live codebase with full context. If a problem surfaces, validators simply withhold their votes. No emergency patch, no migration, no proxy contract. The February 2026 Batch bug followed exactly this path: the amendment was in its voting phase, the vulnerability was identified, and an emergency release prevented activation. Zero funds at risk, zero user impact.

This is not to say that the XRPL model is flawless. The amendment process works for protocol-level features but does not extend to applications built on top of the ledger. A poorly coded trust line or MPT integration could still lose funds. And the 80% validator threshold creates its own risks: if too few validators upgrade to a new version, legitimate security patches can stall. But for core protocol changes, the audit-vote-activate pipeline represents a materially different security posture than deploy-and-hope.

NEW: Coinbase has enabled Trade at Settlement for $XRP futures on May 1, placing XRP alongside Bitcoin, Ethereum, gold and crude oil for institutional block trading pic.twitter.com/d00uPssPxy

— crypto.news (@cryptodotnews) May 3, 2026 What this means for XRPL’s institutional pitch Ripple has spent 2026 building an institutional infrastructure stack at an aggressive pace. The $1.25 billion acquisition of Hidden Road, a multi-asset prime broker rebranded as Ripple Prime, gave the company a regulated on-ramp for traditional finance. RLUSD reached a $1.72 billion market capitalization in under a year and moved more than $18 billion in transaction volume during Q1 alone. Goldman Sachs disclosed a $153.8 million position across four XRP ETFs. Ripple secured a full Electronic Money Institution license from Luxembourg in February, UK Financial Conduct Authority permissions in January, and a MiCA Crypto-Asset Service Provider license on July 6.

The institutional DeFi features arriving in version 3.3.0 are the technical counterpart to this business development push. Confidential Transfers address the privacy requirements of banks that cannot expose transaction details on a public ledger. Sponsored Fees solve the onboarding friction that has kept retail banking applications off decentralized networks. Permission Delegation, once its rewrite clears the voting process, enables the kind of controlled access models that compliance departments require.

But institutional adoption depends on trust, and trust in blockchain infrastructure ultimately comes down to security track record. The fact that Ripple caught two critical bugs, rewrote two entire feature implementations, paid outside researchers $309,000 to find problems, and still delivered all five features on schedule is a stronger institutional selling point than any individual feature. It suggests a security culture where finding bugs is rewarded and where shipping is subordinate to verification.

Over 300 financial institutions across 55 countries currently use RippleNet, with active On-Demand Liquidity corridors in more than 70 markets. For those institutions, the Sherlock audit results are not abstract. They are evidence that the code running their cross-border payments has been stress-tested by adversarial researchers with financial incentives to break it. Ripple’s four-phase quantum-resistance roadmap, targeting completion by 2028, further signals that the company is engineering for institutional time horizons measured in decades, not deployment cycles.

The opposing case: why skeptics are not convinced The strongest argument against reading too much into the Sherlock audit runs in two directions.

First, finding 96 bugs before release can be framed as evidence of thorough testing or evidence of sloppy development. Both the Batch and Permission Delegation vulnerabilities were in the original implementations, meaning they cleared internal review before external researchers caught them. The February 2026 Batch bug was not identified by Ripple’s own team but by an independent researcher and an AI tool. If external auditors are the primary safety net, the internal development process may have quality gaps that will eventually produce a vulnerability that no external reviewer catches in time.

Second, the XRPL amendment model’s strength, the ability to prevent activation during the voting window, is also a speed constraint. Ethereum’s willingness to deploy and iterate has enabled a pace of innovation that XRPL cannot match. The five amendments in version 3.3.0 have been in development and review cycles for months. The original Batch amendment was proposed in 2025. For protocols competing for developer attention in fast-moving markets, a six-month security pipeline may be too slow to attract the builder ecosystem that drives network effects.

There is also a concentration risk in the validator set. The 80% activation threshold means that a relatively small number of validators, many of which are operated by entities with close ties to Ripple, control whether amendments go live. Critics argue this is not truly decentralized governance but a curated approval process dressed in consensus language. When Ripple’s own validator voted “yes” on lending amendments in recent weeks, it underscored how much influence the company retains over its nominally decentralized network.

Finally, the $309,000 payout from a $550,000 pool raises a practical question about incentive alignment. Top-tier security researchers command rates that exceed what contest models typically pay per hour of effort. If the most skilled auditors skip XRPL contests because the expected payout per finding is lower than private engagements, the adversarial review may be broad but not deep enough to catch the most sophisticated attack vectors.

These objections have weight. XRP traded near $1.03 in late July 2026, roughly 71% below its $3.65 cycle high set on July 17, 2025, suggesting the market has not yet priced in the institutional narrative. Whether the security track record translates into adoption depends on factors beyond code quality: regulatory clarity, competitive positioning against Ethereum layer-2 solutions, and whether institutions care more about pre-deployment audits than they do about ecosystem size.

What to watch Validator voting thresholds for the five 3.3.0 amendments: if BatchV1_1 and PermissionDelegationV1_1 clear 80% support within the first voting cycle, it signals validator confidence in the rewrites. A stall would suggest lingering concerns about the rewritten code.

Post-activation bug reports: the real test of the Sherlock audit’s thoroughness comes after features go live. Zero critical findings in the first 90 days would validate the pre-release model; any post-activation vulnerability would undermine the entire thesis.

RLUSD adoption on Confidential Transfers: institutional stablecoin usage on shielded rails would confirm demand for privacy-compliant settlement. Volume metrics in the first quarter after activation will be the clearest signal of whether banks are ready to transact on a public ledger with privacy guarantees.

Sherlock’s next XRPL engagement: whether Ripple continues with adversarial audit contests for future amendments or reverts to traditional private audits will indicate how deeply the pre-release model is embedded in the development culture.

Competing chain security incidents: every major exploit on Ethereum or Solana that traces back to a post-deployment vulnerability strengthens the case for XRPL’s audit-vote-activate pipeline. The comparison is only as strong as the industry’s continued failure to adopt similar processes.

What did the Sherlock audit of XRP Ledger find? The two-week audit contest, which opened on April 13, 2026, uncovered 96 valid vulnerabilities across five proposed XRPL amendments: 2 critical, 6 high, 29 medium, and 59 low-severity issues. Ripple paid $309,000 in RLUSD bounties from a $550,000 prize pool. All findings were addressed before any of the affected features activated on mainnet.

What was the critical Batch amendment bug? The original Batch amendment contained a signature-validation flaw that allowed an attacker to execute inner transactions from any account without holding its private keys. The bug was an early-exit condition in the outer transaction’s signing check that could be satisfied without proper authorization verification. Researcher Pranamya Keshkamat and Cantina’s AI tool Apex identified it on February 19, 2026. RippleX patched it in emergency release version 3.1.1 four days later.

How did the Permission Delegation vulnerability work? The original implementation checked delegate permissions before verifying transaction signatures. On XRPL, transactions that fail with “tec”-class errors still incur fees. An attacker could repeatedly submit invalid transactions with elevated fees against a delegated account, draining its XRP balance without ever holding its keys. The fix reclassified the error type and reordered the verification checks.

Were any funds lost from these vulnerabilities? No funds were lost. Both critical vulnerabilities were identified before their respective amendments activated on mainnet. The Batch bug was caught during the validator voting phase, and the Permission Delegation flaw was disclosed and patched before activation. The XRP Ledger’s amendment process, which requires 80% validator support for two consecutive weeks, provided a structural buffer that prevented exploitation.

What is Sherlock and how does its audit model work? Sherlock is a Web3 security firm that structures audits as adversarial contests, ranking researchers by performance and offering financial incentives through prize pools. The XRP Ledger engagement was Sherlock’s first collaboration with Ripple and one of the largest audit contests of 2026. The model differs from traditional private audits by inviting broad participation from independent security researchers competing for bounties, which surfaces a wider range of attack vectors than a small internal team can cover.

How does XRPL’s security model differ from Ethereum’s? XRPL’s amendment process separates code deployment from feature activation. New features ship in a software release but remain dormant until validators vote to activate them, creating a review window where vulnerabilities can be caught without emergency patches. Ethereum’s smart contracts are live upon deployment, and fixing vulnerabilities requires deploying new contracts, migrating users, or implementing proxy upgrades. In the first five months of 2026, DeFi exploits exceeded $840 million, and 70% of exploited contracts had been audited but lacked post-deployment monitoring.

What features does XRP Ledger version 3.3.0 include? Version 3.3.0, released on August 6, 2026, contains code for five feature amendments and a cleanup patch. The features include Confidential Transfers for Multi-Purpose Tokens using zero-knowledge proofs, rewritten Batch Transactions for atomic multi-operation settlement, rewritten Permission Delegation for controlled account access, Sponsored Fees allowing applications to cover user costs, and DynamicMPT enabling issuers to modify token properties after creation.

Does this audit make XRPL a safe investment? The Sherlock audit reflects a rigorous pre-release security process, but code quality is one factor among many that influence investment outcomes. XRP traded near $1.03 in late July 2026, roughly 71% below its cycle high, and market performance depends on regulatory developments, institutional adoption rates, competitive dynamics, and macroeconomic conditions. This is educational analysis, not investment advice. **Disclaimer**: This article was published on August 14, 2026. It is intended for educational and informational purposes only and should not be construed as financial, investment, or legal advice. Cryptocurrency markets are volatile and carry substantial risk. Readers should conduct their own research and consult qualified professionals before making any investment decisions.

Levi Rietveld, a well-known crypto analyst and creator of Crypto Crusaders, focused this week on the ongoing regulatory challenges faced by XRP. Rietveld addressed the current debate over the CLARITY Act and emphasized that recent developments at the Securities and Exchange Commission (SEC) are now taking precedence over stalled legislative efforts.

The SEC steps up regulatory effortsRietveld stated that the SEC, alongside the Commodity Futures Trading Commission (CFTC), already possesses the tools to regulate cryptocurrencies through their existing authority. He pointed out that these agencies can make and enforce rules governing the crypto sector without waiting for new legislation from Congress.

SEC Chair Paul Atkins publicly confirmed this approach, specifying that the agency is “ready, willing and able to come out with rules” with or without congressional action on the CLARITY Act. Commissioner Hester Peirce has similarly stated that the SEC intends to advance frameworks for custody, the trading of tokenized securities, and crypto fundraising regardless of the bill’s outcome.

Rietveld remarked that formal rulemaking and new guidance from regulators are set to advance within days, shifting attention away from the delayed Senate process and toward immediate regulatory measures.

XRP, trading close to $1, has seen increased scrutiny as the debate around the CLARITY Act’s passage intensifies. While Rietveld’s video commentary included warnings about a “collapse,” he also displayed optimism about the asset’s long-term regulatory clarity and its prospects as these changes unfold.

XRP’s legal foundation and future structureRietveld explained that the key development for XRP lies in the ongoing integration of the asset into a clearly regulated financial framework. He highlighted that legal clarity was already achieved to a significant extent through Ripple’s extended litigation with the SEC, which set several precedents for the industry.

Commissioner Peirce confirmed that the SEC’s agenda now features ongoing efforts to define rules for decentralized finance, custody, and the trading of tokenized securities. These areas directly relate to XRP’s core infrastructure, providing a foundation for broader institutional participation if legal certainty is solidified.

As regulatory momentum builds, a major shift is also taking place on Wall Street. Traditional markets, which previously relied on layers of brokers, are rapidly integrating Web3 technologies. Investors are turning to platforms such as 1stepSwap that allow users to hold shares of major U.S. companies, gold, and silver directly in their crypto wallets. By tokenizing real-world assets and automating price discovery, such solutions remove intermediaries and reduce transaction friction for institutional and retail participants alike.

Congressional efforts remain relevantDespite the SEC’s active push for new crypto guidelines, congressional action remains significant. SEC Chair Atkins argued that statutory law offers stronger long-term stability than administrative rules, which agencies can amend or reverse.

A Senate vote on the CLARITY Act is scheduled for September 15. The bill requires at least 7 Democratic votes to pass the 60-vote threshold for cloture. Senator Bernie Moreno has stated that all 53 Republican senators support the measure, and several Democrats are expected to vote in favor.

Atkins believes a law would provide lasting certainty for crypto market participants, offering greater protection against potential policy reversals compared to regulatory guidance alone.

With regulatory agencies already developing comprehensive frameworks, institutional access to assets like XRP is expected to expand whatever the outcome of the Senate vote. These structural shifts mark a transition period, with both regulatory and legislative pathways shaping the market’s future.

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.

Ripple’s XRP hovered near $1.01 on Friday, keeping just above the key $1 mark after recording its most bearish daily close since November 2024. The token remains down about 69% from its January 2025 peak of $3.30, continuing to lag beneath major technical averages.

Major holders boost accumulationDespite the recent downturn, large investors are actively increasing their XRP positions. Blockchain analytics specialist Ali Martinez reported that whales amassed over 72 million XRP within a 24-hour period. Martinez questioned whether these acquisitions suggest that major players may be positioning themselves ahead of an anticipated price recovery.

Ali Martinez observed that major XRP holders accumulated more than 72 million tokens in a single day, raising questions about whether significant investors are preparing for a potential bull rally.

This accumulation trend extends beyond one day. According to Santiment, the number of addresses holding at least 1 million XRP has grown by 32 over the last three months, bringing the total to approximately 2,033. These large wallets acquired over 380 million XRP during the week ending August 9, pushing their total holdings above 8 billion XRP, currently valued at around $8.2 billion.

ETF inflows and shifting investor behaviorInstitutional activity remains favorable even as price action struggles. SoSoValue data shows that spot XRP exchange-traded funds recorded $2.25 million in net inflows by Thursday of the current week. If the week closes in positive territory, this would be XRP’s fifth straight week with net ETF inflows, reflecting persistent institutional appetite.

Investor behavior also indicates greater focus on self-custody. Around 81% of XRP withdrawals from Binance moved to private wallets, hinting that holders are opting to store assets away from exchanges for longer holding periods.

Recent data reveals a rise in blockchain activity as well. The average number of daily active wallets climbed to roughly 35,700 in August, up from 26,400 in July. August 11 marked the highest on-chain activity since early June. The rate of new XRP address creation held steady at about 2,260 per day, suggesting that increased engagement stems mainly from existing participants rather than new entrants.

Key levels and technical outlookWith XRP’s realized price at approximately $0.75—below the spot price near $1.01—the token has yet to retest historically discounted levels seen at previous market cycle lows. Technically, XRP trades under its 50-day EMA at $1.09, 100-day EMA at $1.17, and 200-day EMA at $1.36. The Relative Strength Index stands at 36, below the neutral 50, and the MACD still points to negative momentum.

Analyst Diana identified support at $0.87, with a critical decision area between $0.77 and $0.80. Resistance is expected near $1.06, where roughly 3 billion XRP are positioned at their cost basis.

Cryptocurrency analyst Diana emphasizes that XRP’s next critical move hinges on active support zones around $0.87, with immediate resistance levels concentrated near $1.06 as large volumes gather at these price points.

If current supports persist, Diana’s upside targets range from $1.46 to $3.56–$3.66, approaching the prior all-time high. This outlook underscores the significance of monitoring price action closely, particularly as technical indicators reach pivotal levels.

In an environment where one Federal Reserve decision or a surprise altcoin listing can trigger rapid price swings, traders have become more attentive to real-time data and market alerts. Many investors are turning to privacy-first platforms such as CryptoAppsy, which provide live charting, portfolio monitoring, smart price notifications, coin-specific headlines, and macroeconomic data on a single interface—without requiring registration or account creation.

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.

JPMorgan, with AUM of $5.1 trillion, has revealed its quarter two (Q2) report with the U.S SEC. Its latest SEC filing shows a sharp rise in Bitcoin exposure and a 338% jump in Ethereum ETF holdings.

The bank also returned to XRP through two ETF positions and added a new position in the Bitwise Solana Staking ETF.

JPMorgan Doubles Down on Bitcoin ETF ExposureAccording to JPMorgan’s Q2 2026 13F filing, the bank held a combined 10.4 million shares of BlackRock’s IBIT, worth about $355.7 million as of June 30. These shares appear across three separate IBIT fund entries in the filing and add up to the reported total. 

That marks a sharp increase from the first quarter, when JPMorgan reported about 8.3 million IBIT shares worth nearly $162 million.

JPMorgan’s options position also shifted during the quarter. IBIT call options increased to 3.94 million, while put options dropped from 4.75 million to about 3.5 million.

The increase comes even as Bitcoin ETF flows have remained unstable. U.S. spot Bitcoin ETFs recorded $131.1 million in net outflows on Aug. 13, following a much larger $61.16 million outflow on Aug. 12.

Ethereum ETF Exposure Jumps 338%JPMorgan’s Q2 filing also showed a much larger position in BlackRock’s iShares Ethereum Trust (ETHA). The bank held nearly 1.17 million ETHA shares worth about $14.3 million, marking a 338% increase from the previous quarter.

The ETHA position shows that JPMorgan has increased its exposure to both Bitcoin and Ethereum through U.S.-listed ETF products.

However, the size of the Bitcoin position remains much larger. JPMorgan’s IBIT holdings are more than 20 times the value of its reported ETHA position.

JPMorgan Added XRP Back Through ETFsThe biggest surprise in the filing may be JPMorgan’s return to XRP.

The bank’s Q1 filing showed that its Bitwise XRP ETF position had fallen from 3,870 shares to zero. The latest filing reverses that move, showing fresh exposure through both the Bitwise XRP ETF and Grayscale XRP Trust ETF.

The Bitwise position was worth about $1,356, while the Grayscale XRP ETF holding was valued at roughly $3,763.

JPMorgan also reported 19,894 shares of Armada Acquisition Corp II, worth approximately $207,295. The company is linked to a Ripple-backed deal and trades under the XRPN ticker.

In addition, JPMorgan initiated a new position in the Bitwise Solana Staking ETF (BSOL), holding roughly 47,500 shares.

The next 13F filing, expected in November, will show whether the bank continued adding Bitcoin, Ethereum, and XRP exposure during Q3 or reduced its positions.

Story Ends Here

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XRP Ledger has added 32 new millionaire addresses in the past three months, according to data from blockchain analytics firm Santiment, defying the prevailing negative sentiment in the wider market.

XRP price and network activityDespite a 29% decline in XRP’s price during the same period, the number of high-value holders continues to climb. Santiment also indicated that XRP’s price recently hit its lowest level since 2024, testing a significant demand zone at $1.

Activity on the XRP Ledger has also surged, with a 33% increase in transaction count. On August 11, 2026, the network recorded its highest daily activity in six months, processing approximately 35,700 transactions per day, a sharp rise compared to July’s daily average of around 26,400.

While the price of XRP fell 29%, network activity on XRP Ledger jumped 33% in three months, hitting its busiest day in half a year on August 11, 2026.

However, this increase in transactions appears to stem primarily from existing XRP holders rather than new wallet creation. The data suggests that current investors are becoming more active, signaling ongoing engagement and possibly a shift toward a long-term holding strategy.

Trading volumes and market sentimentOn the technical front, XRP has remained within a falling wedge pattern between $1 and $3, typically suggesting a potential for future volatility. Analysts continue to watch closely to determine whether XRP will break upward or downward from this formation. Spot trading volumes remain relatively muted, with XRP posting $858 million in volume over a recent 24-hour period, according to CoinGecko.

Futures market activity paints a more dynamic picture. Leveraged traders drove $1.49 billion in 24-hour trading volume, heavily skewed toward long positions. However, the majority of liquidations affected bullish bets, with $1.77 million from a total of $1.85 million wiped out on the long side. The long-to-short ratio across the market now stands at 0.92, indicating more traders are wagering against a price increase.

MarketLong/Short Ratio24h Futures VolumeDaily Liquidations (Longs)Global0.92$1.49 billion$1.77 millionBinance3.0225N/AN/AIn contrast, Binance, one of the world’s leading cryptocurrency exchanges, recorded a significantly higher long-to-short ratio on XRP at 3.0225, suggesting greater bullish sentiment among its users. CoinGlass, a platform specializing in derivatives market data, provided these figures, indicating varying sentiment across exchanges.

Santiment’s report links the growth in high-value wallets to possible optimism over ongoing regulatory developments and potential for broader XRP adoption.

Ripple, the US-based technology company behind XRP, continues to support legislative initiatives such as the CLARITY Act. The bill is expected for consideration in mid-September and could deliver clearer regulatory guidance for digital asset markets.

Mini dictionary: CLARITY Act, a proposed US legislative bill aimed at clarifying the regulatory status of digital assets and offering a standardized framework for crypto market participants.

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.

Ripple-backed XRP treasury Evernorth Holdings on Thursday said it has amended subscription agreements for its private placement related to its proposed merger with Armada Acquisition Corp II. It means fewer shares issued and more XRP behind every share ahead of Nasdaq listing.

Ripple-Backed Evernorth Holdings Nears Merger and Nasdaq Listing
Evernorth Holdings, the Ripple-backed XRP treasury, filed amendment no 6 to its Form S-4 registration statement with the U.S. Securities and Exchange Commission (SEC) on August 13.

The Ripple-backed firm claimed it has strengthened public investors’ positioning as it advances toward a Nasdaq listing. This structure is expected to reduce the total number of shares issued, focusing the company’s net asset value across fewer shares. This means each share will represent a larger portion of Evernorth’s XRP holdings.

The amendment is intended to maintain alignment between the company’s capitalization and the market value of its underlying XRP holdings at closing. It will be a volume-weighted average XRP price, rather than $2.36, as of when the merger agreement was signed.

“Tying the share count to XRP’s value at closing is the right thing to do for Evernorth and our investors,” said Asheesh Birla, founder and CEO of Evernorth Holdings.

Notably, Evernorth Holdings has raised over $1 billion from investors including Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.

XRPN Stock Jumps
Armada Acquisition Corp II’s XRPN stock price has retained its upside momentum despite XRP price drops and Clarity Act delays. XRPN stock hits a new YTD high of $10.50 in premarket hours on Thursday.

The stock closed 0.19% higher at $10.48 on Wednesday. The intraday low and high were $10.45 and $10.49, respectively. Trading volume is also rebounding as Ripple-backed Evernorth Holdings nears a merger after finalizing employment agreements.

XRPN stock is up 2.54% year-to-date as investors await Armada Acquisition Corp’s stockholders and the SEC’s approval of the merger with Evernorth Holdings.

Nasdaq-listed stock has surged nearly 0.30% in the past month, with potential for further upside moves. The 52-week high is $10.91.

Armada Acquisition Corp II’s XRPN Stock Price. Source: Google Finance
Meanwhile, XRP price is trading in the $1-1.02 range after falling more than 3% in a week. The price is currently trading at $1.01, down more than 1% over the past 24 hours.

Furthermore, trading volume has dropped further by 34% over the last 24 hours. However, institutions are increasing exposure via XRP ETFs. As CoinGape reported, JPMorgan revealed holdings in Bitwise and Grayscale XRP ETFs, along with Armada Acquisition Corp II.

Investors wanting to access similar high-growth companies before they go public can utilize the best pre-IPO token platforms to acquire fractionalized private shares on-chain.

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EvernorthXRP, a Ripple-backed XRP treasury firm, has amended the terms of its SPAC merger with Armada Acquisition Corp. II. The change links the issuance of shares to the closing price of XRP rather than a fixed $2.36 reference. This adjustment in the merger terms suggests a move to align more closely with the token’s market value. The merger aims to list EvernorthXRP on Nasdaq under the ticker XRPN. The firm has indicated plans to acquire at least 473 million XRP at the merger’s inception, with previous purchases reported at an average price of $2.54 per XRP.

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Key Takeaways EvernorthXRP’s decision appears to align share issuance more closely with XRP’s market value, suggesting potential implications for XRP’s pricing dynamics. The market’s reaction to this amendment is currently muted, with XRP-related prediction markets indicating low probability of reaching higher price levels in August. The amendment suggests a possible anticipation of price fluctuations, which may influence market participants’ expectations and behaviors. What to Watch The amended merger terms could impact XRP’s market sentiment and pricing dynamics. Key developments to monitor include any regulatory updates from the SEC that could affect XRP, as well as broader crypto market movements. Watch for any major announcements from Ripple or EvernorthXRP that could serve as catalysts for XRP’s price movement. Additionally, sustained interest in XRP from institutional investors or changes in broader market conditions could further influence the outlook.

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Term Structure

Contract Odds Δ since publish Volume 24h September 1 2026 0.5% — — View market → September 1 2026 2% — — View market → September 1 2026 0.7% — — View market → September 1 2026 5.9% — — View market → September 1 2026 6.5% — — View market → September 1 2026 1.7% — — View market →

In brief Derive now accepts Flare’s FXRP as collateral for XRP options and perpetual futures. Users can trade through their own wallets without relying on a centralized exchange. Options settle in USDC, exposing traders to margin and liquidation risks. XRP holders can now use Flare’s FXRP as collateral to trade options and perpetual futures on decentralized exchange Derive, Flare announced on Thursday.

According to Flare, users mint FXRP, a token representing XRP on the Flare blockchain, through its FAssets bridge that converts tokens like Bitcoin, XRP, and Dogecoin into ERC-20 tokens on the Flare network. They can then deposit the token into a Derive Portfolio Margin V2 account and trade derivatives from their own wallets.

Myriad: XRP price next move? Click to make your prediction.Options give traders the right to buy or sell an asset at a set price. Perpetual futures allow them to bet on price movements without an expiration date. XRP holders can use the products to hedge against losses, earn premiums by selling options, or speculate on the token’s price.

“Options are often the last major market to develop around an asset, and XRP has been waiting for the infrastructure,” founder and CEO of Derive, Nick Forster, said in a statement. “FXRP gives one of crypto’s largest holder bases a credible path onchain, and adding Derive’s options markets means that capital can now be hedged, used to earn premium and traded with the same sophistication available around other major assets.”

Derive’s XRP options settle in USDC rather than XRP. If an option expires at a profit, Derive pays the difference in the dollar-pegged stablecoin while the FXRP remains posted as collateral. Options sellers must hold enough USDC to cover settlement and maintain the required margin or risk liquidation.

The integration broadens FXRP’s use in decentralized finance. Earlier this month, FXRP was approved as collateral in DeFi risk management firm Sentora’s RLUSD Main vault on the Ethereum-based lending protocol Morpho. That service allows XRP holders to bridge FXRP to Ethereum and borrow Ripple’s RLUSD stablecoin without selling their XRP.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

In major XRP news today, Ripple moved a significant amount of XRP coins to Binance crypto exchange. On-chain transaction data revealed transfers to a Ripple subwallet, followed by further transfers to Binance subwallets. This comes amid selling pressure in XRP price.

Ripple Moves Some XRP to Binance, Sparking Jitters Whale Alert flagged a major XRP transfer that highlighted Ripple moving 50 million XRP worth over $50 million. This sparked massive speculation within the XRP community amid a recent drop in price.

On-chain analysis on XRPScan revealed Ripple (50) wallet moved XRP to its subwallet raRVLN1. This indicates it is an internal transfer.

However, shortly after the transaction, the same wallet distributed some coins, primarily 1,000,000 XRP per transaction, to rBNCyN wallet address. The wallet is associated with Binance crypto exchange.

Notably, the Ripple-linked wallet has also sent 23 million XRP in total to rBNCyN wallet this week, which were then transferred to Binance (11).

Ripple Subwallet Transfer to Binance. Source: XRPScan On-chain data from XRPScan showed the Ripple subwallet executed multiple XRP transfers to these Binance-associated wallets. This is likely a Ripple operational liquidity wallet used for on-demand liquidity (ODL) or market making purposes.

Will XRP Price Witness Further Pullback or Rally? XRP price has dropped 0.5% despite Ripple’s push for XRP Ledger upgrade. The price has dropped more than 7% in a week, but has held above $1 in hopes of a breakout above the descending channel.

XRP rebounded almost 1.50% to trade above $1.01 today amid rising whale wallets and network activity. The 24-hour low and high are $1. and $1.02, respectively. However, trading volume has decreased by 24% over the last 24 hours.

However, CoinGlass data shows buying activity in the derivatives market. The total XRP futures open interest climbed more than 0.75% in 24 hours to $2.72 billion.

Notably, the 4-hour futures open interest has rebounded 0.74%. It dropped 1.18% on CME, but jumped on Binance, OKX, Bybit and other crypto exchanges.

If you’re looking to do in-depth research before deciding to invest in crypto, check out our recommendations for the best crypto tools for research and analysis.

Ripple could move ahead with its institutional strategy even as the CLARITY Act faces fresh delays in the US Senate, according to leading crypto researcher SMOKE. SMOKE emphasized that while ongoing regulatory uncertainty poses challenges for digital assets, Ripple’s expansion need not remain on hold.

Alternative regulatory pathwaysThe CLARITY Act is a proposed bill that would create comprehensive digital asset regulations in the US, including clearer guidance on token classification and expanded federal oversight. Although such legislation could offer crucial certainty to the entire crypto industry, analysts point out that it is not the exclusive path to regulatory legitimacy for blockchain firms.

Ripple, a US-based blockchain payments company best known for its XRP token, has already secured a conditional national trust bank charter from the Office of the Comptroller of the Currency (OCC). The OCC granted this approval in December 2025, paving the way for Ripple to potentially operate as a federally supervised trust bank.

Mini dictionary: Office of the Comptroller of the Currency (OCC), a US federal agency that supervises and regulates national banks and federal savings associations, ensuring their soundness and compliance with federal laws.

A federally licensed trust bank structure could position Ripple more strongly with regulated financial businesses. This development could be especially relevant for institutional custody, stablecoin issuance, and RLUSD reserve management—key areas for the company’s growth outside traditional payments.

Conditional progress and broader industry impactSMOKE maintains that if Congress continues to stall on the CLARITY Act, Ripple’s conditional OCC charter can still serve as an important avenue for regulatory advancement. However, the approval remains provisional, meaning Ripple does not yet function as a fully established national bank. Moreover, OCC oversight applies specifically to Ripple’s trust bank, and cannot replace broad industrywide rules that only federal legislation can deliver.

Both the CLARITY Act and the OCC charter could ultimately complement each other. The former would address digital asset regulation at the national level, while the latter offers Ripple a firm-specific regulatory path. Ripple could stand to benefit if both initiatives move forward, gaining both market clarity and an upgraded regulatory infrastructure.

InitiativeScopeStatusPotential Benefit for RippleCLARITY ActAll US digital asset companiesDelayed in US SenateClear federal rules for industryOCC CharterRipple-specificConditionally approved (Dec 2025)Federal trust bank operationsUS regulatory outlook and ongoing expansionMeanwhile, the US Securities and Exchange Commission is evaluating new regulatory strategies for digital assets. Lawmakers are expected to revisit the CLARITY Act after the Congressional recess in August, but prospects for swift passage remain uncertain as attention turns to September.

SMOKE describes Ripple’s regulatory strategy as multi-pronged, arguing that the company can keep building across payments, stablecoins, tokenization, and custody, regardless of congressional delays.

Despite legislative uncertainty, XRP adoption and Ripple’s infrastructure development can continue. The company’s expansion in institutional sectors and cross-border transactions could drive new opportunities for both XRP and the XRP Ledger network.

Ripple’s path is not contingent on the CLARITY Act passing. Should federal crypto legislation advance, Ripple could eventually benefit from having both a broader regulatory framework and its own bank charter. Until then, the company can pursue its ambitions and the use of XRP does not need to pause.

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.

3 hrs ago

3 min read

The Department of Labor Statistics is due to release July inflation data. (Department of Labor)Summary

This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.

Wednesday’s big story is XRP (XRP), the payments-focused cryptocurrency. Not only did a bridge linking to the XRP Ledger experience an exploit early today, but the token price also hovers near a level that, if breached, could embolden bears.

That level is $1. Prices briefly fell to 99 cents on some exchanges on Tuesday and, while they quickly recovered, the bounce looked to have stalled near $1.02. XRP has lagged behind bitcoin and the broader market recovery in recent days.

What’s more, open interest in XRP futures has risen to 2.67 billion XRP ($2.73 billion), the most since October, from 2.25 billion XRP at the start of the month. This buildup of leverage while XRP trades at this price points to potential volatility.

That means XRP is more vulnerable than other major cryptocurrencies such as bitcoin BTC$63,704.66, ether ETH$1,893.43 and solana (SOL) to the U.S. CPI release later today. A hotter-than-forecast reading would strengthen bets on Fed interest-rate increases and drive already-buoyant Treasury yields higher, creating headwinds for risk assets.

Forecasts point to 0.1% month-on-month growth in the headline CPI for July, up from June’s –0.4% reading. The year-on-year figure is expected at 3.4%, down from 3.5%, and annual core CPI inflation is seen dropping to 2.5% from 2.6%.

According to ING, a softer-than-expected print could weaken the dollar, an outcome that could bode well for the crypto market.

In bitcoin’s case, traders are hoping the report will push the price out of its recent trading range of $62,000 to $66,000. However, the way BTC options are currently priced suggests low expectations for CPI-driven fireworks.

Markus Thielen, founder of 10x Research, said the market is pricing a post-CPI swing of just 1.3%, which is nothing out of the ordinary.

Data tracking website Laevitas made a similar observation: “7d ATM IV [implied volatility] has compressed to 29.1v on BTC and 41.2v on ETH even as a binary July print lands inside the weekly window, so the term structure is declining to price the event risk that sits directly on the tape,” Laevitas said on X.

The fact that expectations remain low could be just the setup for markets to be surprised into action by a potential big beat or miss in the inflation figures. Stay alert!

Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."

What’s trendingOne overlooked group has added $1.78 billion of selling pressure to bitcoin market (CoinDesk): Bitcoin’s 27% price slide this year isn’t just about ETFs and digital asset treasuries. Public miners have been an under-recognized supply source hitting the market right at the margin.XRP bridge drained for $200,000 after software mistook fake deposits for real ones (CoinDesk): An XRP bridge lost nearly 200,000 XRP, worth about $200,000 at current prices, after a software flaw let an attacker claim deposits that were never made, then withdraw real tokens against the fake balances.Here's what bitcoin and ether traders are doing ahead of the binary U.S. CPI print (CoinDesk): If the July U.S. consumer price index is higher than expected, the Federal Reserve could go for a rate hike in September. Traders are positioning in different ways ahead of the data release. Some are buying upside exposure. Others are focusing on higher volatility.Today’s signalXRP's price chart. (TradingView)The chart shows XRP’s weekly price swings in candlestick format since 2023.

The token’s price peaked above $3.50 in July last year and has been declining ever since. It is now hovering close to $1. A drop under this level would be the first since November 2024, when Donald Trump won the presidential election.

In that case, the July 2023 high of 92 cents, where buyers ran out of steam, could now act as support on the way lower. If that level gives way, the next potential support is seen directly at around 50 cents.

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Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Jun 30, 2026

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Why it matters:

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

XRP, haftalık kayıplarını yaklaşık yüzde 7’ye taşırken yıl başından bu yana yaşadığı düşüş yüzde 69,4’e ulaştı. XRP böylece 2024’ün son çeyreğinde 1 dolar seviyesinin üzerine çıkmasından bu yana en düşük fiyat bölgesine geriledi. Mevcut görünüm, altcoin için 1 dolar desteğinin yeniden test edilmesi ve aşağı yönlü kırılması riskini artırıyor.

Fiyat baskısının arkasında yalnızca teknik göstergeler bulunmuyor. XRP Ledger üzerindeki ağ aktivitesinin zayıflaması, ABD’de kripto düzenlemelerine ilişkin Clarity Act sürecinin ertelenmesi ve XRP ETF’lerine yönelik girişlerin belirgin biçimde yavaşlaması satış baskısını güçlendiriyor.

XRP 1 Dolar Desteğini Koruyabilecek Mi? XRP’nin teknik görünümü Temmuz 2025’te 3,658 dolarla kaydettiği zirvenin ardından bozulmaya başladı. Altcoin, Ekim 2025’te yaşanan düşüş yönlü hareketli ortalama kesişiminin ardından da aşağı yönlü trendini sürdürdü.

Mevcut durumda XRP, 9 ve 21 günlük basit hareketli ortalamalarının altında işlem görüyor. Para Akış Endeksi (MFI) ise 20,42 seviyesine gerileyerek aşırı satım bölgesine girdi. Göstergedeki bu zayıflama, piyasadan sermaye çıkışının arttığını ve 1 doların altına sarkma riskinin yükseldiğini gösteriyor.

XRP’nin son dönemde gördüğü 1,0049 dolarlık seviye de dikkat çekiyor. Kasım 2024’ten bu yana görülen en düşük fiyat olan bu bölge, yatırımcı psikolojisi açısından uzun vadeli bir eşik niteliği taşıyor ve son iki yıla yakın dönemin en güçlü negatif görünümüne işaret ediyor.

Clarity Act Ve ETF Akışları Neden Önemli? XRP’deki zayıflığı yalnızca fiyat grafiği üzerinden değerlendirmek yeterli değil. Kripto para piyasası açısından ABD’deki düzenleyici gelişmeler ve kurumsal talep de mevcut görünüm üzerinde etkili oluyor.

Clarity Act sürecinin ertelenmesi, ABD’de kripto varlıkların benimsenmesine yönelik beklentileri baskıladı. Bu gelişmeyle birlikte XRP ETF’lerine yönelik sermaye girişleri de belirgin biçimde yavaşladı. 2025’in sonlarında haftalık girişler 100 milyon doların üzerindeyken, son dönemde bu rakam birkaç milyon dolara kadar geriledi.

Son haftada XRP ETF’lerine yalnızca 14,86 milyon dolarlık net giriş gerçekleşti. Dolayısıyla kurumsal taraftaki talebin önceki dönemlere kıyasla ciddi biçimde zayıflaması, XRP fiyatı üzerindeki baskıyı artıran faktörlerden biri olarak öne çıkıyor.

XRP Ledger Aktivitesinde Ne Kadar Gerileme Var? XRP’nin temel görünümünü değerlendirmek isteyen yatırımcılar için ağ aktivitesindeki değişim de önemli bir gösterge oluşturuyor. Aylık aktif adres sayısı son dönemde yüzde 9,40 azalırken metrik 175,1 bin seviyesine geriledi.

Bu rakam, Aralık 2024’te kaydedilen 654,2 bin aktif adrese kıyasla yaklaşık yüzde 73’lük bir düşüş anlamına geliyor. Ağdaki kullanıcı aktivitesinin bu ölçüde gerilemesi, XRP ekosistemine yönelik kullanım talebinin zayıfladığına dair önemli bir sinyal veriyor.

Aylık token işlem hacmi de yüzde 38,7 düşerek 29,6 milyar dolara indi. Bununla birlikte XRP’nin günlük borsa işlemlerinin ortalama değeri yaklaşık 1 milyar dolar seviyesinde kalıyor.

XRP’de Likidite Ve Ücretler Ne Söylüyor? XRP Ledger üzerindeki işlem ücretleri de ağ kullanımındaki zayıflığı destekliyor. Son bir yıl içinde ağdaki ücret geliri 111,387 bin dolardan yaklaşık 10 bin dolara geriledi. Böylece ücretlerde yaklaşık on katlık bir düşüş meydana geldi.

Zincirdeki likidite görünümü de benzer şekilde baskı altında. XRP Ledger üzerindeki stablecoin piyasa değeri 855,6 milyon dolara düşerken toplam değer yüzde 14,8 azaldı. Bu gerileme, ağ üzerindeki stablecoin talebinin de zayıfladığını gösteriyor.

Dolayısıyla XRP için 1 dolar seviyesi yalnızca teknik bir destek olarak değil, mevcut piyasa koşullarının test edileceği kritik bir psikolojik eşik olarak öne çıkıyor.

Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

The XRP Ledger is gaining fresh attention as Ripple expands its work with traditional finance, while Digital Asset CEO Yuval Rooz warns that crypto networks will eventually be judged by the utility and revenue they create. At the same time, banks are already using public blockchain infrastructure without waiting for the US Clarity Act.

Ripple Pushes XRP Ledger Into Traditional FinanceAviva Investors has tokenized its US dollar liquidity fund on the XRP Ledger as part of its partnership with Ripple. The firm manages over £30 billion in liquidity strategies and will work with Ripple through 2026 to explore more tokenization opportunities. The company stated tokenization does not change a fund’s underlying assets, NAV or risk profile. 

It simply records ownership digitally, which could make transactions faster and more efficient. The move shows growing interest in using the XRP Ledger for real-world assets and traditional finance. 

Banks Are Already Using Public ChainsThe discussion also pushed back against the idea that banks must wait for the US Clarity Act before using public blockchain networks. Rooz said banks are already using public chains, including Canton.

He noted that around 50 vendors are preparing applications for Canton ahead of the DTCC’s planned production launch in October. He also pointed to the scale of US financial markets, with equities and Treasuries together approaching $70 trillion, arguing that the industry should think beyond crypto’s current billion-dollar TVL figures.

Utility Could Separate Winners From LosersRooz further warned that many crypto networks have valuations disconnected from the actual economic activity they generate. He argued that networks making promises without delivering useful products could eventually lose most of their value.

Hyperliquid was presented as an example of a network generating revenue and using it to burn tokens, creating a model closer to a profitable public company returning value through buybacks.

He also criticized changing industry narratives, noting how crypto shifted from permissionless systems toward privacy and control. According to Rooz, maintaining a consistent product strategy helped his company nearly triple its valuation over 24 months, even while the broader market declined around 40% over the past year.

The latest funding round was led by Andreesen Horowitz and included Apollo, CME, HSBC, SoFi, SBI Japan and Hana Bank Korea, with Shinhan Financial Group joining at the last moment after the round became oversubscribed.

According to him, the company still has substantial work ahead to deliver on its projects and maintain that growth.

Story Ends Here

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Read the Next News

Jim Ferraioli (@jimferraioli), Director of Digital Currencies Research and Strategy at the Schwab Center for Financial Research, has offered a pointed view on how major blockchain networks are carving out distinct roles in crypto. Speaking on the Thinking Crypto podcast, he said the XRP Ledger is making the shift from a payments network to more of a stablecoin transaction network.

Each chain finds its niche Ferraioli discussed how different blockchain networks are specializing in distinct use cases as the crypto industry consolidates, noting that he thinks everyone is going to find their niche. In his framework, Ethereum remains the dominant general-purpose smart-contract blockchain for tokenized real-world assets, while Solana aligns more with active trading due to its high transaction throughput. Tron, meanwhile, was described as a pure stablecoin play. The comments reflect a broader institutional view that blockchain competition is increasingly about specialization rather than winner-takes-all dominance.

$RLUSD supply tilts toward XRPL On-chain data backs up Ferraioli's characterization. @Ripple has gradually shifted its attention to the XRP Ledger by reducing $RLUSD supply on Ethereum and increasing it on XRPL, achieved through large token burns on Ethereum alongside substantial minting activity on the XRP Ledger. The shift marks a significant change from RLUSD's launch in December 2024, when most of the stablecoin's supply was on Ethereum.

$RLUSD supply on the XRP Ledger overtook Ethereum on June 26, 2026, and has held the lead since. As of July 11, the XRP Ledger held about 863.2 million RLUSD versus Ethereum's 676.1 million, a 56.1% to 43.9% split, according to DefiLlama on-chain data. Current figures cited in the original report place $RLUSD supply at $818 million on XRPL against $681 million on Ethereum, with the roughly $1.5 billion total shrinking since June as Ripple continued burning on Ethereum and minting on XRPL. With XRPL now holding the largest share of the RLUSD supply, the data provide a concrete example of the stablecoin-focused evolution Ferraioli described.

Sources:
The Crypto Basic: Charles Schwab Crypto Exec Says XRP Ledger Is Evolving Into a Stablecoin Network
TheStreet Crypto: RLUSD supply on XRP Ledger vs. Ethereum breakdown
The Crypto Basic: XRP Ledger Processes $4.28B in Stablecoin Transfers as RLUSD Dominance Grows

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Two days after the incident, it emerged that the Coreum cross-chain bridge lost around 200,000 XRP during a 97-minute attack. Initial theories on social media linked the incident to a vulnerability in the XRP Ledger's "rippling" function. 

However, an analytical report from xrpl.to showed that the bridge effectively robbed itself by blindly trusting the attacker's transactions.

How 200,000 XRP got lostNative XRP has no issuer or trust lines, so rippling is technically impossible for it. Moreover, every malicious payment was signed using the bridge's own legitimate multisignature, with a quorum of 17 out of 28 relayer keys, or validators. The hacker did not compromise the keys but simply created the illusion of a deposit for the validators.

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First, the attacker moved their own wrapped tokens, or wrapped-CORE, between wallets they controlled, with a memo containing transfer details for Coreum attached to these transactions. Because the wrapped tokens had been issued by the bridge itself, the transfers appeared in its transaction history without any problems.

 Transaction mechanism analysis of the Coreum bridge exploit on the XRP Ledger, Source: xrpl.toThis was where the system's blind spot came into play. The relayer operators checked only whether a transfer had occurred and what was written in the memo field, while completely ignoring the recipient address. 

A check confirming that the funds had actually been sent to the bridge's wallet had simply never been added to the relayer code.

As a result, Coreum accepted the fake deposits and credited the hacker with a balance on its network. The attacker then requested a regular withdrawal, and the validators signed the transactions sending 200,000 real XRP from the bridge's XRPL wallet without hesitation.

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The team responsible for the bridge's security has a long history of rebranding. It initially created the Sologenic (SOLO) project on the XRPL, then launched its own Layer 1 blockchain, Coreum, and in March 2026 merged both ecosystems under the U.S. brand TX, focused on the tokenization of real-world assets (RWAs).

The fact that a regulated U.S. company claiming institutional status could make such a basic mistake in its cross-chain verification logic damages TX's reputation more than the amount lost. 

It moves the question of who is to blame from the realm of a random bug to that of systemic quality control within the company.

What is happening to the tokens now?At the time of writing, the TX team had still not released an official post-mortem report. The Coreum bridge remained completely suspended.

The hacker's identity remains unknown, but on-chain trackers are already seeing a classic attempt to cover their tracks. The stolen XRP is being rapidly distributed through a chain of transit wallets that were created a month and a half before the attack.

Ripple has voted to support two XRP Ledger amendments designed to introduce single-asset vaults and fixed-term institutional lending directly at the network’s protocol level.

Summary

Ripple’s validator voted “yes” on XLS-65 and XLS-66, supporting native vaults and lending. XLS-65 has reached 40% validator support, while XLS-66 has secured more than 37%. Both amendments require over 80% support for two consecutive weeks before activation. The framework could support loans funded with XRP, RLUSD, and other XRPL-issued assets. Ripple’s validator has backed the Single Asset Vault and Lending Protocol amendments as voting continues among trusted XRP Ledger validators.

🚨BREAKING: RIPPLE VOTES TO ADVANCE SINGLE ASSET VAULT (XLS-65) AND LENDING PROTOCOL (XLS-66)

Ripple voted in favor of Single Asset Vault (XLS-65) and Lending Protocol (XLS-66) amendments, moving them closer to enabling on the XRP Ledger.

Meanwhile, 39% of validators have now… pic.twitter.com/nKGaagryP2

— Rednirav (@CryptoRednirav) August 10, 2026 XLS-65, which would introduce Single Asset Vaults, has reached approximately 40% support. XLS-66, covering the proposed Lending Protocol, has received more than 37% support, according to the latest voting data.

The current totals remain well below the activation threshold. An amendment must maintain support from more than 80% of trusted validators for two continuous weeks before it can become active on the XRP Ledger mainnet.

Based on the current default Unique Node List configuration, the proposals would need support from at least 28 of 35 validators. Ripple’s vote therefore moves the amendments forward but does not establish an activation date.

The vote follows the amendments’ entry into the formal validator process earlier this year. As crypto.news previously reported, XLS-65 and XLS-66 are intended to provide lending infrastructure at the ledger level rather than through external smart contracts.

Validators can independently decide whether to support an amendment. Ripple’s vote carries attention because the company remains a major contributor to XRPL development, but it cannot activate the proposals by itself.

How XLS-65 and XLS-66 would work XLS-65 would establish a standard structure for pooling one type of asset from multiple depositors. A vault could hold XRP, Ripple USD (RLUSD), or another token issued on XRPL while giving depositors proportional shares representing their claims on the pooled assets.

The vault could then supply liquidity to other services, including the proposed Lending Protocol.

XLS-66 would use liquidity held in those vaults to fund fixed-term loans. Unlike many decentralized lending markets, the proposed system would not require every borrower to provide more collateral than the value of the loan.

Institutions would instead conduct credit checks, compliance reviews, legal assessments, and underwriting off-chain. The XRP Ledger would manage the agreed loan terms, including interest, repayment schedules, servicing, and default records.

Loan brokers would connect borrowers with vault liquidity and manage the credit relationship. A first-loss capital mechanism could absorb an initial share of losses if a borrower defaults, offering some protection to vault depositors.

The separation between off-chain underwriting and on-chain execution is meant to accommodate regulated lenders that cannot rely entirely on anonymous borrowers and automated liquidations. For U.S. institutions, using the protocol would not remove obligations arising from lending, securities, consumer protection, sanctions, or anti-money laundering rules.

Instead, the ledger would serve as settlement and record-keeping infrastructure after participating institutions complete the required checks.

Security review clears major lending flaws The lending code has undergone several security reviews ahead of the validator decision.

Blockchain security firm Halborn completed a re-audit covering transaction checks, accounting rules, access controls, parameter limits, and consistency between protocol states. The review found no critical or high-risk vulnerabilities.

Halborn identified five issues: one medium-risk finding, two low-risk findings, and two informational findings. Ripple addressed, accepted, or acknowledged all five, according to the audit report.

“We are proud to share that we have completed our XRP Ledger Lending Protocol Re-Audit for Ripple,” Halborn said when announcing the review.

The medium-risk issue involved a way loan interest could cause a vault to exceed its maximum asset limit. Ripple resolved that finding, along with a low-risk issue involving a missing freeze check.

The audit does not eliminate default, underwriting, liquidity, or implementation risks. However, it cleared another technical requirement as validators assess whether the amendments are ready for mainnet use. crypto.news covered the re-audit in June.

XRP Ledger applications prepare for activation Developers are already testing possible applications on XRPL’s Lending DevNet while the amendments await approval.

Yield protocol SOIL has said it plans to become one of the first applications built on the Single Asset Vault and Lending Protocol framework. Its proposed products include lending markets, yield strategies, and tokenized fixed-income instruments.

A demonstration showed users depositing assets into separate vaults and receiving tokens representing their proportional ownership. However, the system remains in a development environment and cannot launch on the mainnet unless validators approve both amendments. crypto.news previously reported on SOIL’s preparations.

Ripple-backed XRP treasury company Evernorth has also identified the lending framework as a possible way to earn institutional-grade returns on its holdings. Actual yields would depend on borrower demand, credit quality, vault terms, and protocol adoption after launch.

The vote comes alongside the release of XRP Ledger version 3.3.0, which includes work on lending, confidential transfers, transaction batches, sponsored fees, and configurable token features. Those changes also require validator approval and should not be treated as active mainnet functions solely because their code has been released.

As crypto.news reported, node operators must upgrade their software and consider each amendment separately.

XRP traded near $1.02 at the time of writing, down about 2.2% over 24 hours and 5.7% during the past week. The validator vote did not produce an immediate positive price reaction, suggesting traders remain focused on whether the amendments can reach the required threshold and generate real lending demand after activation.

Corporate treasuries handle extensive volumes of cash management each year, and for the first time, XRP can now be managed directly within the same systems these teams use daily. This development is set to significantly expand XRP’s role in enterprise finance operations.

XRPL integration through GTreasuryGTreasury, a well-established treasury management platform serving more than 1,000 corporate clients across 160 countries, has integrated Ripple Treasury into its system. In 2025, these clients processed $13 trillion in payments through the platform. Ripple has enhanced this infrastructure by introducing Digital Asset Accounts, empowering corporate treasury departments to hold, receive, and manage XRP directly alongside traditional fiat currencies.

This workflow allows companies to transfer cash into Ripple Treasury, move funds into Digital Asset Accounts, convert balances into XRP, and manage these assets within their existing platforms. These capabilities enable connection to cross-border settlements, liquidity management, and tokenized asset functions. As a result, XRP becomes part of basic treasury management, no longer existing as a separate or external product.

Mini dictionary: GTreasury – A global treasury management system providing software for cash and liquidity management, payments, and risk management for corporations worldwide.

GTreasury and Ripple Prime will reportedly bring significant XRP usage to the corporate and institutional sectors in the coming months, with XRP’s role extending far beyond payments alone.

Ripple Prime expands institutional adoptionRipple Prime, the prime brokerage division of Ripple, now serves over 300 institutional clients with more than $3 trillion in annual clearing volume. Institutions can acquire XRP over-the-counter, include it in their portfolios, and employ it for margin structures. The broader strategy positions XRP not only for payments, but also as a bridge for liquidity, FX conversion, and cross-border settlement, while eliminating the need for pre-funded nostro accounts.

The combined use of GTreasury and Ripple Prime streamlines the transaction flow: fiat currency converts to XRP, moves cross-border over the XRP Ledger, and is then converted back to the required local fiat. This system maximizes settlement efficiency and provides 24/7 asset availability for high-volume institutional clients.

Mini dictionary: Nostro account – A bank account held by one bank in another bank in a foreign country, typically used to facilitate foreign exchange and international transactions.

Market expectations and growth forecastMarket analysts highlight this evolving use of XRP within both corporate and institutional finance as a core reason for potential future growth. Ripple Treasury targets the corporate segment, while Ripple Prime focuses on institutional clients, both leveraging XRP as a settlement, liquidity, collateral, and reserve asset through the XRP Ledger.

According to projections shared by industry commentators, XRP adoption is expected to follow a multi-stage trajectory through 2030. Key milestones include the rollout of Digital Asset Accounts, full-scale integration within treasury platforms, and rapid expansion of cross-border payment use cases. The vision for XRP ultimately involves its positioning as a global liquidity reserve asset for multinational transactions.

Product/DivisionTarget ClientsAnnual VolumeKey FeaturesRipple Treasury via GTreasuryCorporate (1,000+ clients, 160 countries)$13 trillionDigital Asset Accounts, direct XRP managementRipple PrimeInstitutional (300+ clients)$3 trillion clearingOTC XRP access, bridge liquidity, FX conversion“XRP isn’t just a crypto asset. It’s the future of global finance.” This statement serves as the summary for Ripple’s expansion thesis, underscoring the anticipated transformation in asset handling and settlement processes.

X Finance Bull, an online commentator focusing on financial technology, claimed that this integration and increased real-world utility are not yet fully reflected in current market prices for XRP. The emphasis is on practical adoption and the sizable financial flows already enabled by the updated platform infrastructure.

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.

Dr. Kamilah Stevenson reported that Ripple has joined a UK government initiative aimed at modernising wholesale financial markets using blockchain technology. She described this development as more significant than a standard business partnership, given the involvement of government bodies in shaping future market standards.

UK Treasury leads digital market modernisationStevenson highlighted the role of the UK Treasury’s Wholesale Digital Markets Taskforce, which has been tasked with establishing operational guidelines for the tokenisation of institutional finance. This effort seeks to lay the foundation for integrating distributed ledger technology across key components of the financial system.

According to Stevenson, Ripple is involved in the taskforce’s tokenisation plans and collaborates with the government-appointed Wholesale Digital Markets Champion. She emphasized that government participation is crucial because standards set at this level could shape how banks, funds, and infrastructure providers operate for years to come.

Ripple is supporting the UK government’s initiative on tokenisation strategy, with Treasury involvement potentially influencing the standards financial institutions will follow in the future.

Major tokenisation initiative targets repo marketsA government plan cited by Stevenson estimates the initiative’s potential value at approximately £33 billion, with a projection of £14 billion in extra annual tax revenue by 2035. These figures suggest that UK officials view tokenised markets as a key economic priority, moving beyond simple technology trials to large-scale policy projects.

The initiative is expected to debut in the repurchase agreement (repo) market, targeting testing and a live pilot for spring 2027. Repo markets play a central role in daily bank funding, involving short-term loans in which institutions swap securities, like government bonds, for cash before reversing the transaction.

Transferring repo processes to a blockchain could reduce the need for manual reconciliation, streamline the transfer of collateral, and enable immediate ownership updates. However, successful market adoption would depend on legal clarity, dependable technology infrastructure, and broad industry participation.

Mini dictionary: Repurchase agreement (repo) — A short-term borrowing mechanism in which financial institutions sell securities and agree to repurchase them at a later date, commonly used to manage day-to-day funding and liquidity needs in the banking sector.

MetricEstimated Value/ProjectionInitiative’s potential value£33 billionProjected annual tax revenue by 2035£14 billionFirst live pilot target dateSpring 2027XRP Ledger and the trend toward institutional adoptionStevenson also noted Ripple’s earlier partnership with Aviva Investors, a major UK fund manager overseeing about £253 billion in assets. In this initiative, Aviva began its first steps toward tokenising traditional funds on the XRP Ledger, Ripple’s blockchain-based settlement network.

She said tokenised real-world assets on the XRP Ledger grew from around $150 million to about $4 billion over one year, spanning more than 500 products. However, the source of these figures was not independently verified and should be viewed as estimates presented by Stevenson.

Stevenson distinguished between adoption by private companies and adoption driven by policymakers. She argued that government endorsement usually leads to the creation of broader industry standards, stating, “Companies choose vendors, governments choose standards.”

The transition to regulated blockchain infrastructure may no longer depend on whether institutions will use distributed ledger technology, but on which networks and settlement rails become embedded within formal market operations.

Participation in a Treasury-supported pilot does not guarantee a specific outcome for XRP or exclusive use of the XRP Ledger. Still, the involvement signals a shift as tokenisation progresses from experimental stages toward integration with core market infrastructure.

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.

XRP may already satisfy the requirements that are needed to be treated as a digital commodity under the proposed CLARITY Act, according to analyst Bill Morgan. 

The lawyer has argued that the bill’s maturity framework goes beyond its 20% ownership threshold. 

The comments come in response to concerns over whether XRP can qualify as a “mature blockchain system” under the aforementioned legislation. 

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The CLARITY Act’s framework stipulates that no issuer or affiliated person beneficially owns 20% or more of a digital commodity. It also contains additional criteria pertaining to blockchain governance. 

However, the lawyer pointed to alternative provisions that could be relevant to XRP.

The argument is that XRP could potentially satisfy this test because more than half of its total supply has been distributed outside Ripple and related parties. 

If that interpretation is accepted, XRP Ledger could end up qualifying under the pre-existing-system provision.

There’s also a separate provision involving exchange-traded products. The Senate draft contains a cutoff for certain network tokens with ETFs on a national securities exchange.  XRP could potentially benefit from this provision as well. 

Finally, failing to qualify as a mature blockchain would not necessarily mean XRP itself becomes a security in every transaction.

The CLARITY Act distinguishes between a digital commodity and investment contracts involving that commodity. As a result, the regulatory treatment of a particular sale or offering can differ from the legal status of the underlying token itself. The legislation is designed to place qualifying digital commodities primarily under CFTC oversight. 

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Ripple’s directly held, operational XRP is roughly 4.7–4.8 billion XRP. The latest widely cited figure is about 4.74 billion XRP in Ripple-controlled wallets. 

That said, more than 32 billion XRP remained in Ripple-controlled escrow. 

The Clarity Act stumbles In the meantime, the Clarity Act recently faced a major setback. 

As reported by U.Today, the Senate has postponed a floor vote on the much-talked-about legislation. 

However, Justin Slaughter, Paradigm's vice president of regulatory affairs, recently opined that the bill was not dead just yet. 

Ripple has positioned itself ahead of ongoing US legislative changes by accumulating more than 50 money transmitter licenses, surpassing the requirements set out in the proposed PACE Act. Crypto researcher SMQKE asserted on X that Ripple, the payments technology company best known for developing the XRP Ledger, already fulfills the stringent criteria lawmakers aim to enforce for firms seeking direct access to Federal Reserve payment systems.

PACE Act sets high thresholdThe Payment Access to Cryptocurrency Entities (PACE) Act aims to provide a regulatory framework for digital asset companies connecting directly to Federal Reserve rails such as Fedwire, FedNow, and FedACH, without the need for a traditional bank charter. Under the bill, applicants must secure money transmitter licenses in at least 40 states, establish one-to-one reserves, comply with the Bank Secrecy Act, and register as a “covered provider” with the Office of the Comptroller of the Currency (OCC).

SMQKE emphasized that Ripple holds licensing in more than 50 states, including in New York and Texas. New York’s BitLicense is among the strictest licensing regimes for digital asset service providers and is widely regarded as a benchmark for robust compliance across the US. Companies holding the BitLicense generally face fewer obstacles obtaining similar approvals elsewhere.

Ripple’s portfolio of over 50 licenses means it already exceeds the bar set by the PACE Act, including recognition in New York and Texas, which are known for rigorous oversight.

Ripple’s licensing approach was designed to satisfy both federal and state requirements, which SMQKE argues enables the company to rapidly respond to regulatory changes if the bill passes.

Mini dictionary: PACE Act, US legislative proposal setting requirements for crypto companies to gain direct access to key Federal Reserve payment systems, including Fedwire and FedNow, by mandating extensive state-level licensing and compliance standards.

Messaging standards drive potential integrationA key technical factor supporting Ripple’s eligibility is its adoption of ISO 20022, a global banking format that standardizes data-rich messaging between payment systems. Both FedNow, the Federal Reserve’s instant payment platform, and the XRP Ledger utilize ISO 20022, which could allow for smooth interoperability between the two networks. According to SMQKE, this alignment streamlines the integration process, removing the main barrier for disparate financial systems to communicate in real time.

A payment system designed natively on ISO 20022 not only enables seamless data transfer but also processes transactions 24/7, making it align closely with FedNow’s expectations.

Traditional banking infrastructure frequently relies on older data formats that can limit transaction detail and delay processing through scheduled batch cycles. An ISO 20022-native blockchain bypasses these constraints, delivering truly real-time settlement capacities required by updated federal systems.

Mini dictionary: ISO 20022, an international standard for exchanging electronic messages between financial institutions, allowing for richer payment data and improved interoperability across different systems.

XRPL matches instant payment speedsFedNow is engineered to settle payments within seconds, setting a high bar for any network seeking integration. SMQKE highlighted that the XRP Ledger, Ripple’s decentralized blockchain network, is capable of millisecond-level settlements, matching the real-time expectations of the Federal Reserve’s instant payment rails.

This performance metric has become an essential consideration as federal infrastructure modernizes. Blockchain projects hoping to participate must provide transaction finality at speeds comparable to existing systems.

SystemSettlement SpeedMessaging StandardFedNowSecondsISO 20022XRP LedgerMillisecondsISO 20022PACE Act’s uncertain futureAlthough the PACE Act has bipartisan support and industry backing, it remains a bill in progress in Congress. Companies like Ripple, already compliant with the proposed standards, are likely to have an operational advantage if the legislation is enacted. However, the ultimate decision on any connection to Federal Reserve rails will require OCC approval and final passage through the legislative process.

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.

Grayscale has sharply reduced its XRP holdings, with its balance dropping by more than half in the first six months of 2026. According to figures shared by crypto analyst Steph Is Crypto, the investment trust reported approximately 55 million XRP in its portfolio as of June 30, compared with over 122 million XRP at the end of December 2025.

Grayscale’s XRP sales and portfolio shiftSteph Is Crypto highlighted that Grayscale sold over $67 million worth of XRP across the period, marking a substantial decline in institutional exposure to the asset. The trust’s financial filing indicates a total reduction of roughly 67.2 million XRP, leaving its holdings at less than half their value from six months earlier.

At the close of 2025, the fair value of Grayscale’s XRP portfolio exceeded $223 million based on a token price of $1.83. By mid-2026, however, the price per XRP had declined to $1.04, and the trust’s holdings were valued at about $57.4 million.

Transaction records within the filing note several activities behind these changes, including tokens redeemed, distributions for the sponsor’s fee, and both realized and unrealized shifts in asset value.

Grayscale has sold over $67 million worth of XRP, cutting its holdings by more than 50%, according to a post by Steph Is Crypto analyzing the trust’s financial statement.

XRP community members and observers reacted to the data and raised questions about market sentiment. Some, like Rick Wilson, have suggested that large-scale institutional exits may follow periods of deteriorating asset performance, with potential losses impacting ETF investors specifically.

Wilson interpreted XRP’s struggle to rebound from its recent lows as a sign of ongoing pressure, though the filing itself does not confirm a universal loss for all holders or guarantee further declines. Instead, it presents a snapshot of Grayscale’s shifting strategy, not the entire ETF landscape.

Another participant, DAMAGE, stated that Grayscale had already sold approximately $180 million in XRP at the beginning of 2026, but continues to hold a sizable stake of 55 million XRP.

Some investors interpreted Grayscale’s significant reduction as an indication of broader institutional caution towards XRP, although the filings show remaining sizable holdings and ongoing portfolio management activities.

Details from the trust’s financial filingThe official report details how Grayscale’s XRP balance declined from over 122 million at the end of 2025 to about 55 million by mid-2026. The fair value assessment is based on pricing provided by Coinbase at 4 p.m. New York time, which the trust identifies as its principal market source.

These developments come as XRP continues to trade below its 2025 year-end levels, reflecting challenging conditions in the broader altcoin market. Against this backdrop, effective portfolio monitoring and market data integration are increasingly critical for both institutional and retail investors. Tools like CryptoAppsy, which merges real-time prices, detailed charts, multi-currency portfolio management, and smart price alerts on a single screen, have become popular with those looking to track fast-moving developments, discover new altcoin listings, and stay updated with macroeconomic shifts such as Federal Reserve interest rates.

While Grayscale’s activity signals an adjustment in its approach to XRP, the investment firm’s remaining holdings still reflect a significant position. The market continues to watch how both Grayscale and other major investors respond to evolving digital asset trends in the upcoming quarters.

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.

In brief XRP fell 2.05% in 24 hours to $1.02, the lone red coin among the top 10; every other major is green. The Senate left Washington without voting on the Clarity Act, delaying the market-structure bill until at least September. XRP trades within a confirmed death cross, but prediction market traders remain optimistic for now. The Senate left town without taking up the Clarity Act, pushing the market-structure vote to at least September. Every major coin shrugged it off—except XRP.

While Bitcoin stayed flat, dealing with its own headwinds, and Dogecoin gained 1.38% over the day to be the best performer in the top 10 crypto assets by market cap, XRP dropped 2.05%, the only major token to close red.

On a week that saw it fall 3%, it's the weakest of the majors by a wide margin.

The delay isn't just procedural for XRP. The token's entire 2025–2026 rally thesis rested on the U.S. finally deciding what XRP is. The Clarity Act would sort crypto into securities and commodities and, in drafts Decrypt previously reported, would reclassify XRP, Solana, and Dogecoin as non-securities.

That means these coins would fall under the regulatory purview of the CFTC, widely viewed as the more preferable option by crypto industry observers, rather than the historically tougher SEC.

For Ripple, whose co-founder created the XRP cryptocurrency, that's the prize years of litigation were about: a federal answer to the SEC's long fight over whether XRP was an unregistered security. Ripple agreed to pay $50 million to settle its cross-appeal with the SEC, but a statute beats a settlement.

A law settles the question for every exchange, custodian, and regulator at once. Without it, XRP stays in legal limbo—and limbo is what the chart appears to be pricing.

XRP price: What the charts sayXRP is trading at $1.028, roughly a $64 billion market cap, down 0.71% on the day, after a red candle that has kept it pinned just above the $1.00 psychological floor. It's the second-lowest print on the daily chart since early 2024, above only the $0.9153 low marked last month.

XRP price data. Image: TradingviewThe trajectory is a clean, grinding downtrend. XRP has been in a strong bearish trend since 2025, when it reached $3 per coin. The 50-day EMA (the average price over the last 50 sessions) has crossed below the 200-day EMA (the average over the last 200 sessions) in a formation known as a death cross. XRP’s current price is below both lines, so there's no average acting as support beneath it.

The Relative Strength Index, or RSI, reads 35.9. RSI is a momentum gauge on a 0–100 scale: above 70 is overbought, below 30 is oversold. At 35.9, momentum is bearish with room for more downside before buyers typically step in.

The Average Directional Index, or ADX, reads 11.9. ADX measures trend strength, not direction: below 20 means the move lacks conviction and chop is common. However, the Squeeze Momentum indicator is still off, meaning volatility is expanding rather than coiling.

No compression means no loaded spring waiting to fire; moves here tend to be slow.

A bull case would appear if a daily close back above $1.10 (the lower Fib zone and first real resistance) and then the $1.13 point of control signal the floor is holding. An advance in the Clarity Act, though not until September at the earliest now, could also ignite some bullish appetite among traders.

Bear case: a break under $1.00 opens the path to $0.9153, the chart's lowest mark since 2024. A daily close there confirms the downtrend and erases the post-2024 recovery. The current trend is bearish, so this is a very likely scenario.

On Myriad, a prediction market developed by Decrypt’s parent company Dastan, traders are currently optimistic on XRP’s short-term outlook. Traders are pricing in 77% odds that XRP stays above $1.00, at least over the weekend.

For now, $1.00 is the line. Above it, XRP is cheap and oversold; below it, the chart says the slide isn't done.

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Circle has revealed the 11 founding validators for its Arc blockchain, underscoring the participation of prominent financial institutions such as BlackRock, Visa, and Mastercard. Arc, which is powered by USDC, is designed as a Layer-1 blockchain for institutional payments and the tokenization of financial assets.

Financial giants join Arc launchArc’s founding validators also include DTCC, Galaxy, Global Payments, ICE, MoneyGram, SBI Group, Standard Chartered, and Sumitomo Corporation. According to a post by Coin Bureau on X, the roster signals a significant step as leading global payment and financial processing companies move to play a direct role in emerging blockchain ecosystems.

USDC issuer Circle, a key player in digital finance infrastructure, recently secured full National Trust Bank approval from the Office of the Comptroller of the Currency, enabling it to expand its institutional service offerings further.

Arc brings a new degree of institutional credibility with the involvement of longtime traditional finance leaders such as BlackRock, Visa, and Mastercard, joining technical and financial specialists in the validation process.

ChartNerd, a crypto market analyst, emphasized that this development not only highlights Arc’s institutional credentials but could also have wider implications for blockchain sector partnerships.

Ripple’s connections with Arc participantsShifting focus to Ripple, ChartNerd pointed out that the company already maintains established relationships with several institutions featured in Arc’s validator group. Ripple, a fintech company known for its cross-border payment solutions powered by the XRP Ledger, has engaged in strategic partnerships within the sector for over a decade.

He specifically named SBI Group, which reportedly holds a 9% equity stake in Ripple. He also referenced Ripple’s interactions with BlackRock’s BUIDL and Securitize for smart-contract based solutions, as well as joint tokenization pilots involving JPMorgan and Ondo.

Mastercard’s exploration of agentic payments on the XRP Ledger and Standard Chartered’s longstanding investment in Ripple were cited as further examples of these overlapping networks.

The Depository Trust & Clearing Corporation (DTCC), a major provider of clearing and settlement services in US markets, is also present in both Arc’s validator lineup and Ripple’s ecosystem, participating in tokenization initiatives such as Ripple Prime.

Mini dictionary: DTCC (Depository Trust & Clearing Corporation), a US-based financial services company that provides clearing, settlement, and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, and other financial instruments.

Approval process for RippleChartNerd underlined the significance of regulatory timelines for Ripple, reporting that the company has until July 2027 to obtain full approval from the Office of the Comptroller of the Currency. This follows the conditional approval Ripple received in December 2025, launching an 18-month window to fulfill final requirements.

The potential for Ripple to fully realize its infrastructure stack and deliver financial services across the asset lifecycle hinges on regulatory clearance, in addition to its track record of institutional partnerships.

If Ripple secures the necessary approvals, ChartNerd indicated that its technology could serve a broader set of institutions, drawing on these integrated relationships and experience in payments and tokenization.

CompanyRole in ArcLink to RippleBlackRockFounding ValidatorBUIDL, Securitize collaborationVisaFounding ValidatorParticipated in blockchain initiativesMastercardFounding ValidatorAgentic payments on XRP LedgerSBI GroupFounding Validator9% equity stake in Ripple, decade-long partnershipStandard CharteredFounding ValidatorInvestor in RippleProspects for XRP and RLUSDChartNerd concluded that XRP and RLUSD, the dollar-backed digital asset operated within Ripple’s ecosystem, are both positioned amid increasing institutional engagement in digital assets. He emphasized that while Circle’s validator group features several companies with Ripple ties, this does not automatically mean these institutions will integrate with the XRP Ledger or use Ripple’s solutions.

The convergence of major financial institutions in blockchain validator roles reflects growing interest in tokenization and digital payments. ChartNerd identified Ripple’s next step as leveraging its network of partnerships, along with a comprehensive regulatory approval, to expand its footprint in institutional financial services.

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.

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J.A. Akinyele, Senior Director of Engineering at Ripple, has been named one of the speakers for the upcoming XRP event, XRP Seoul 2026. The official XRP Seoul 2026 event X account announced this in a recent post.

Akinyele, the Senior Director of Engineering at Ripple, leads the development of AI, privacy, scalability, and institutional-grade infrastructure for the XRP Ledger and is well-positioned to speak about what comes next for the XRPL ecosystem, driving innovation to advance the next generation of decentralized finance.

The XRP Ledger has just welcomed a major upgrade, version 3.3.0, which introduced six amendments for voting as well as major non-feature amendment changes.

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We're honored to welcome @ja_akinyele ,Senior Director of Engineering of @Ripple.

Ayo Akinyele is the Senior Director of Engineering at Ripple, where he leads the development of AI, privacy, scalability, and institutional-grade infrastructure for the XRP Ledger. With more than… pic.twitter.com/PsamQwbQA7

— XRP Seoul 2026 🇰🇷 (@XRPSEOUL) August 7, 2026 Akinyele joins a rich speaker list for the XRP Seoul event, including Ripple President Monica Long, Markus Infanger, SVP of RippleX, and Chandler Fang, Founder of t54ai.

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The XRP Seoul 2026 event, hosted by XRPL Korea with Ripple as Title Sponsor, is scheduled to be held on October 3 at Grand Hyatt Seoul.

XRP Ledger 3.3.0 arrivesXRP Ledger version 3.3.0 has launched, introducing six new amendments for voting, including Confidential Transfer, Batch, Sponsor, Permission Delegation, Dynamic MPT, and fixCleanup, which includes bundled fixes.

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RippleX

software engineer Mayukha Vadari outlined non-feature-amendment changes in the XRPL version release, including over a 15% reduction in memory usage, improved online_delete performance, and 60 fixes for bugs uncovered by the AI red team effort.

Other changes include assorted small fixes in the fixCleanup3_3_0 amendment, such as deleting expired credentials in Permissioned DEX trades; improved invariants that ensure the XRPL is behaving the way it should; an upgrade from C++20 to C++23; several old amendments that have been activated for over 2 years, such as Clawback, retired to simplify the codebase; and test coverage increased across the repo from 82% to 82.9%.

Vadari added that a large number of little fixes, refactors, and improvements across the codebase and build system were introduced through the upgrade, which are relatively invisible to users and operators but help make xrpld incrementally better and easier to maintain.