Brad Garlinghouse, CEO of Ripple, addressed the CFTC Innovation Advisory Committee, outlining the company’s four-year legal battle with the SEC and the impact of regulatory uncertainty on both Ripple and the digital asset industry in the United States.
$150 million in legal costs over four yearsGarlinghouse began by thanking the Commodity Futures Trading Commission (CFTC) for its hospitality and quickly moved to the difficulties Ripple faced under the previous administration. He described Ripple as being “at the center of the bullseye of the SEC’s lawfare,” noting that leadership at the regulatory level had a direct effect on the industry’s trajectory.
He provided figures to demonstrate the toll: Ripple paid $150 million in legal fees to external counsel during its extended fight. Garlinghouse explained that most companies would not have survived such pressures, as many firms in the sector were “bullied into submission” even before lawsuits were filed. He emphasized that the challenges Ripple faced shaped the entire industry’s perception of the regulatory landscape at that time.
Ripple devoted $150 million to external legal defense against the SEC over a four-year period, a level of expenditure that Garlinghouse argued would have crippled smaller firms and discouraged broader industry participation.
Ripple’s global hiring shiftsBeyond legal costs, Garlinghouse highlighted the operational impact. He revealed that 80% of Ripple’s hiring during the court case occurred outside the United States. He cited the establishment of Ripple’s second-largest office in London as a direct response to the regulatory environment in the U.S. at that time.
Garlinghouse connected this trend to business fundamentals, arguing that companies will not invest or create jobs where long-term strategic planning is not possible. This, in his view, has affected where capital and talent flow within the crypto sector, reflecting a wider trend among digital asset firms.
Mini dictionary: CFTC (Commodity Futures Trading Commission) – The CFTC is a US government agency that regulates derivatives markets, including futures, options, and swaps. Its role is to promote integrity, resilience, and vibrancy in US derivatives markets through sound regulation.
Shifting regulatory tone in the United StatesGarlinghouse observed that the current administration and regulators, including both the CFTC and the SEC, have shifted their stance and introduced a new approach for the sector. He described the change as substantial, stating that there is a consensus among stakeholders that the previous situation failed consumers and stifled innovation.
According to Garlinghouse, clearer regulations are needed to defend both users and industry growth. Well-defined guidelines can protect users and ensure corporate accountability, enabling responsible development of new financial technologies.
Garlinghouse pointed to the technologies discussed at the CFTC event as proof that with regulatory certainty, cross-border payments can become faster, more efficient, and more widely accessible, but achieving this potential hinges on clear rules of the road.
Future outlook for XRP and the broader crypto industryGarlinghouse’s remarks came soon after his attendance at a White House summit focused on digital assets. For XRP holders and digital asset advocates, his statements signaled renewed confidence in the regulatory environment. Ripple is now adopting a more proactive stance, reflecting optimism that evolving US policy will support both industry innovation and compliance.
Garlinghouse’s comments suggest that Ripple, a technology company specializing in blockchain-based payment solutions, expects to leverage regulatory progress for further growth, both in the US and internationally. Stakeholders are watching for further clarity that would enable domestic investment and hiring while supporting user protection across markets.
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 surged above several key technical levels this week, placing the $1.50 mark back in focus as the next major resistance. The rally gained momentum after XRP reclaimed the $1.00 threshold and broke through the $1.25 to $1.30 region. By August 21, XRP was trading in the $1.37 to $1.40 range across major platforms, with some recent session highs closing in on $1.42. Despite slight price differences between exchanges, the overall trend signals stronger market sentiment compared to earlier in the week.
XRP price breaks major resistanceThe recent price action marked a shift from the protracted decline that had characterized XRP through most of the year. Technical analysis points to a decisive break above a year-long descending trendline and a move through the 200-day exponential moving average (EMA). A daily close above these marks would further weaken the established downtrend’s grip on the market.
The 200-day EMA currently stands near $1.34, with the 200-day simple moving average (SMA) around $1.28. XRP’s advance above both EMAs has bolstered its position over the past month. Shorter-term EMAs between $1.06 and $1.08, and the 100-day EMA at $1.16, confirm buy signals as XRP trades substantially above them.
Contributing to this technical strength, TradingView’s latest summaries show 14 buy signals, 10 neutral indicators, and two sells. The moving averages display a notably bullish outlook, though longer-term signals have turned more recently.
Multiple drivers behind the rallyMultiple factors support XRP’s ongoing surge. A key development included US President Donald Trump’s August 19 White House meeting with cryptocurrency leaders, among them Ripple CEO Brad Garlinghouse. Trump called on Congress to move forward with the CLARITY Act as stakeholders debated the future of digital-asset regulation in the US. Many market observers pointed to this event as contributing to a broad-based rally across cryptocurrencies, including XRP.
Regulatory ambiguity in the US has long influenced sentiment surrounding XRP. While not all risks have dissipated, recent policy signals have improved the environment for digital assets. The rally also saw more than $1.5 billion in liquidations across the broader crypto market as short positions were forced to close amid rising prices.
Additional momentum has come from whale accumulation. Data from KuCoin indicated that large holders accumulated over 300 million XRP tokens this week, raising total large wallet holdings to nearly 16.36 billion tokens. This accumulation, especially when aligned with stronger spot demand, often provides price support.
ETF activity and market momentumExchange-traded products now play a larger role in the XRP market. Spot XRP ETFs recently recorded $13.24 million in new inflows, bringing total assets to about $1.5 billion. Broader XRP trading volume also exceeded $8 billion during the latest price rally.
During the most recent trading session, dashboards showed more than $90 million in combined spot and derivatives XRP ETF volume, with spot activity at $38.3 million and derivatives at $53.4 million, even as several trading hours remained. While these figures illustrate robust trading, they are not direct proof of net capital entering XRP, but the growing ETF turnover highlights increasing professional and institutional interest.
XRP has surged 39% in two days, climbing from $1.00 to $1.39 as bullish momentum remains strong, raising the possibility of a move toward $1.50. At around $1.39, XRP would need to gain approximately 8% to reach $1.50. That makes the target achievable without requiring another move of the magnitude seen over the past two sessions.
Resistance, support and technical outlookFrom a technical standpoint, the $1.40 to $1.43 zone represents the next significant resistance following the recent breakout. Market pivots suggest major resistance at $1.41, with recent highs clustered between $1.40 and $1.42. A strong push above this area would clear the way for a potential test of the $1.50 mark.
On the downside, the $1.25 to $1.28 range now acts as important near-term support, incorporating the prior breakout and aligning closely with the 200-day SMA. Further support stands at $1.16, around major moving average regions. A more extended decline could see the $1.08 to $1.15 range retested, which houses multiple medium-term moving averages.
Momentum readings show the daily RSI climbing above 80 in certain measures, with recent data at 77.22. The CCI stands at about 343, while the Stochastic RSI hovers near 80. While these high readings signal strong upward movement, they also indicate potential for consolidation if demand cools.
Consolidation and trader strategiesAn overbought market doesn’t necessarily reverse immediately. Strong uptrends can persist even with extended momentum. However, a pause or retracement is possible if new buying falls short of supporting further gains.
For traders closely monitoring moving averages, resistance levels, and market momentum, staying adaptable is critical. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between multiple apps for charts, news, and portfolio checks is resulting in missed opportunities. Many investors now prefer privacy-first platforms like CryptoAppsy, where real-time charts, smart price alerts, coin-specific news, and macroeconomic data are consolidated in one place—without requiring users to open an account.
As it stands, whether XRP can build on its breakout and sustain higher levels remains the primary test for bulls. Holding above critical support and pushing through resistance zones will be key in determining if the recent strength can deliver a move toward or past the $1.50 target.
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 U.S. dollar-backed stablecoin RLUSD has surpassed $2 billion in market capitalization.
The product, which was launched in December 2024, RLUSD has emerged as one of the fastest-growing regulated stablecoins.
Notably, its supply is currently approaching $1 billion on the XRP Ledger.
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RLUSD's market capitalization has climbed to an impressive $2.035 billion, CoinGecko data shows. It is within striking distance of PayPal USD (PYUSD), which currently holds a market cap of roughly $2.87 billion.
RLUSD is currently ranked among the top stablecoins by market capitalization, sitting behind major players such as Tether's USDT, Circle's USDC, Maker's USDS, Dai, Ethena's USDe, and PayPal USD.
A significant minting spree Multiple RLUSD issuances from the RLUSD Treasury have been reported over the past day, including a 40 million RLUSD mint, a 25 million RLUSD mint, a 20 million RLUSD mint, and additional 19 million, 14 million, and 12 million token issuances.
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The latest minting activity brings fresh liquidity into the ecosystem.
What is notable is that a significant portion of RLUSD's growth has taken place on the XRP Ledger. Earlier, Ethereum was the dominant network for RLUSD.
Closing in on PayPal RLUSD is also close to toppling PayPal's PYUSD, which is another popular regulated stablecoin. The latter currently has a market capitalization of approximately $2.87 billion with a lead of less than $1 billion over RLUSD.
At its current growth rate, RLUSD could potentially challenge PayPal's stablecoin position among the largest regulated dollar-backed assets.
Tether's USDT remains the market leader with a market capitalization of approximately $183 billion. Circle's USDC follows with a market capitalization of roughly $73 billion.
Other major stablecoins include USDS with a market capitalization of about $9.7 billion, Dai at approximately $4.5 billion, and Ethena's USDe at more than $4 billion.
XRP has entered what some analysts describe as a decisive phase in its long-term market structure. Crypto market observer Cleo Schmidt, who closely follows technical patterns in digital assets, compared XRP’s current setup to the conditions immediately preceding its meteoric 2017 rally. Her analysis highlighted the potential significance of the asset’s current position within this historical context.
The repeating structureSchmidt’s chart focuses on an ascending support line that has become central to XRP’s long-term pattern. This trendline, she argued, previously signaled a significant upward shift in the market after being retested three times. In the cycle beginning in 2014, XRP returned to this trendline in 2015 for a first retest, again in 2016, and then a third time in 2017. Following the third touch, XRP experienced rapid price expansion.
Schmidt emphasized the parallels to this earlier period. She explained that the last time XRP maintained this support level, the subsequent increase exceeded 60,000% from the breakout to the peak. This historical precedent forms the basis for her current outlook on XRP’s trajectory.
In her view, “the last time this support level held, the price surged over 60,000%.” The chart pattern she references shows a creation phase on the ascending support, followed by three retests before a sharp move higher.
The current cycle reaches its third retestA similar structure has developed in recent years. Schmidt identified the beginning of the current cycle in 2019, with the formation of a new ascending support. She observed that XRP completed its first retest of this support in 2021, then again during 2024, a move that coincided with a 500% rally that pushed prices above $3 in early 2025. The third retest, she says, arrived in 2026.
Schmidt’s analysis places XRP at an inflection point equivalent to the one in 2017, prior to its last historic surge. Although a breakout has not yet materialized, she contends the technical setup could pave the way for significant upside targets if the trend remains intact.
XRP currently trades at approximately $1.31 after recovering from a recent drop to $0.9884. This decline briefly took the token below Schmidt’s initial target level of $1.10, but the move was followed by a swift rebound, keeping the technical pattern intact.
Mini dictionary: Cleo Schmidt – A digital asset analyst recognized for detailed technical analysis and market cycle studies, particularly in the context of XRP and major altcoins. She is known for identifying recurring chart structures and mapping price movements based on historical trends.
The roadmap for XRPAccording to Schmidt’s price roadmap, the initial milestones are $1.10 and $0.97. With XRP trading near $1.31, these levels are closely watched as support and resistance. Her first significant upside objective is $1.80, followed by price targets of $2.70 and $3.20. Schmidt’s longer-term projections include $6.50 and a peak near $13, provided the ascending support remains valid after its third retest.
She suggested that a confirmation of the support at this third retest could trigger accelerated gains. Current price moves place the market around the starting point of her anticipated expansion phase, though Schmidt’s targets remain prospective until technical confirmation occurs.
“No one is ready for $XRP’s next move,” Schmidt argued, citing the similarities with 2017’s setup and outlining her expected path: $1.10, $0.97, $1.80, $2.70, $3.20, $6.50, and $13. She added that once support is confirmed, the market could see a rapid move higher.
CycleSupport formation1st retest2nd retest3rd retestResult2014-20172014201520162017Surged 60,000%+2019-20262019202120242026Awaiting breakoutDisclaimer: 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.
Grok, an AI chatbot launched by Elon Musk’s X platform, calculated the potential impact of a $1 billion net inflow on the price of XRP. The analysis was prompted by recent data highlighting significant market movement with relatively small capital inflows.
Analyst spotlights dramatic market cap shiftAnalyst Chad Steingraber drew attention to a recent event on August 18, 2026, when a $4.71 million net inflow into XRP caused its market capitalization to increase by $12 billion. At that time, XRP’s price reached $1.1243 and the asset turned positive on net inflows.
Steingraber asked his followers to consider the effect of a much larger inflow, specifically, what would happen if net inflows reached $1 billion.
Based on the observed $12 billion increase in market cap stemming from a $4.71 million net inflow, Grok suggested that simply scaling this effect to a $1 billion inflow could drive XRP’s price close to $40, multiplying market capitalization to the multi-trillion-dollar range.
The math behind inflow impactGrok explained that even small net flows can move asset prices sharply because market capitalization represents price times circulating supply, rather than the amount of cash present in the asset. In the example outlined by Grok, the model projected that a $1 billion net inflow, based on the current circulating supply, would push XRP to approximately $40 per token.
The XRP market recently demonstrated that modest inflows deliver considerable price responses, owing to the scaling effect across the total token supply. The $12 billion rise from a $4.71 million injection underscores this phenomenon within digital asset markets.
Mini dictionary: Grok, an artificial intelligence chatbot developed by X (formerly Twitter), delivers conversational AI services with a focus on understanding and generating human-like responses in real time. Grok is positioned as a competitor to similar tools such as ChatGPT, integrating AI insights into the X ecosystem.
Net InflowMarket Cap IncreaseXRP Price (approximate)$4.71 million$12 billion$1.12$1 billionMulti-trillion$40 Small net flows already swing price hard, since market cap is just price multiplied by supply, not actual cash present in the asset.
Regulatory moves fuel optimism for more inflowsXRP experienced renewed buying interest following the White House crypto summit on August 19, 2026, where President Donald Trump, SEC Chair Paul Atkins, and CFTC Chair Michael Selig convened with industry executives, including Ripple CEO Brad Garlinghouse. The summit advocated for the CLARITY Act, which aims to define a federal regulatory framework for digital assets.
The cryptocurrency industry often responds positively to increased regulatory clarity, as it can attract institutional capital. The CLARITY Act is now progressing toward a Senate procedural vote scheduled for September 15.
Meanwhile, the US Securities and Exchange Commission proposed a new regulatory framework intended to lower barriers for institutional participants, potentially enabling larger inflows into digital assets like XRP.
Should net inflows climb further—especially as institutions seek regulatory clarity—XRP could experience additional price surges. The impact of new capital entering the market remains the principal variable in these projections.
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 is backing a new institutional credit fund that will lend its RLUSD stablecoin to fintech and payments companies on the XRP Ledger, alongside lending platform Clearpool and credit manager Cicada Partners, per a release shared with CoinDesk.
How the fund will work The fund will provide working-capital loans denominated in RLUSD, with Cicada sourcing borrowers, setting loan terms and monitoring credit risk. Clearpool is building the infrastructure used to create and manage the lending pools, while Ripple provides capital as an investor alongside other institutions. Neither the size of the fund nor Ripple’s commitment was disclosed.
Cicada says it has underwritten more than $860 million of credit and will act as both fund general partner and credit-pool manager. Clearpool says it has facilitated more than $930 million of institutional loans since 2021. Ripple participates as a limited partner on the same terms as other investors rather than guaranteeing losses.
Still waiting on ledger upgrades None of it is live on the XRP Ledger’s main network yet. Clearpool is testing the integration on a development network, and the two ledger features underpinning the product, a lending protocol known as XLS-66 and single asset vaults under XLS-65, are still going through the network’s amendment voting process.
The lending protocol handles issuing and repaying loans directly on the ledger, while the vault system pools money from several lenders under a manager who decides where it goes, in this case Cicada.
An RLUSD demand play Borrowers receive RLUSD and repay in it, which creates demand for Ripple’s dollar-pegged token while moving lending activity onto XRPL. XRP itself is not what gets lent, however, as it solely covers transaction fees and the minimum balances the ledger requires accounts to hold.
The fund deepens Ripple’s push to build out RLUSD, its dollar-pegged stablecoin that crossed $1 billion in market capitalization less than a year after launch, as a utility token for institutional finance rather than a retail payments play.
The plans come as XRP rose almost 20% in the past 24 hours to $1.30 and is up 30% over seven days, part of a broad rally that has lifted every major token.
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Blockchain analyst specializing in the regulatory impact of government policies on the crypto industry. Known for his thorough research and clear, engaging writing, Emmanuel provides insightful analysis on the latest trends, market shifts, and emerging crypto innovations. His work aims to educate and inform both novice and experienced readers, offering expert perspectives on the fast-evolving world of digital assets. With a passion for staying ahead of the curve, Ogwu is a trusted voice in the cryptocurrency and blockchain space.
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XRP rebounds to $1.40 as ETF inflows boost optimism, while MoneySimpler AI trading offers automated market analysis and trading.
Summary
XRP rebounds near $1.40 as trading activity and ETF inflows rise, fueling hopes that token could advance toward $5 soon. Crypto volatility stays high, prompting investors to explore automated tools marketed as simpler ways to trade and earn. MoneySimpler markets AI analysis and automated trade execution as tools designed to lower barriers to quant strategies. XRP has rebounded to around $1.40, with increased buying and trading volume. ETF inflows and signs of institutional demand are driving the market bullish. If these inflows continue and regulations improve, XRP could gain further upward momentum, increasing its chances of hitting $5 by the end of the month.
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Why might XRP rise further? The recent surge in XRP is closely related to the overall recovery of the crypto market. With Bitcoin breaking through $78,000, market risk appetite has improved, and the continued attention from institutional investors to the XRP ETF has further enhanced market focus on XRP’s future performance.
Furthermore, XRP’s potential applications in cross-border payments and digital asset settlement also provide support for its long-term development. If market funds continue to flow back in, and XRP can maintain its current upward momentum, $5 could become a key price target for the next phase of market attention.
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Conclusion XRP’s recent strong rebound once again proves that significant price volatility and trading opportunities still exist in the cryptocurrency market. As discussions about XRP’s future price targets intensify, $5 is emerging as a potential target for some market participants.
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XRP rose 13.6% over 24 hours to $1.39, extending a weekly gain of nearly 40% and outperforming both Bitcoin and Ethereum as broader crypto markets rallied on Thursday. Bitcoin climbed 7.2% to $77,393.67, while Ethereum gained 4.6% to $2,403.59, up 28.3% for the week.
The total crypto market capitalization reached approximately $2.68 trillion, with 24-hour trading volume of $163.7 billion. Other major tokens also advanced, with Solana up 5.2% to $91.55 and Hyperliquid up 5.9% to $76.45, both posting stronger weekly gains than Bitcoin over the same seven-day period.
Short Sellers Squeezed
The rally has been accompanied by heavy losses for traders betting against the market. Data showed short positions losing $3.787 billion over four days, compared with $687 million in losses for long positions over the same period. The largest single liquidation window came at 20:00 UTC on August 19, when $941 million in short positions were closed within four hours, marking one of the sharpest liquidation events on record for the crypto derivatives market.
Historical Precedent
Bitcoin’s advance has drawn comparisons to prior rare upside moves. According to data, Bitcoin has closed a trading day at a five-sigma move to the upside 14 times since 2013. Median returns following such events were 4.8% after one week, 11.8% after one month, 15.1% after three months, and 84% after six months, according to the same data set.
Outlook
Experts flagged important technical levels for Bitcoin going forward, including resistance near $80,000 and potential support around $72,000. Some market participants warned that a short-term pullback remains possible following the scale of the recent move, even as underlying momentum in the broader market remains positive heading into the weekend.
Story Ends Here
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Ripple’s U.S. dollar-pegged stablecoin, RLUSD, has reached a market capitalization of $2.035 billion, according to recent CoinGecko data. The milestone comes just months after the stablecoin’s launch in December 2024, making RLUSD one of the fastest-rising regulated assets in its category.
Rapid supply growth and XRP Ledger momentumThe current RLUSD supply is approaching $1 billion on the XRP Ledger, indicating rising adoption on Ripple’s native blockchain network. Over the last day, several major minting events were recorded from the RLUSD Treasury, including issuances of 40 million, 25 million, 20 million, 19 million, 14 million, and 12 million RLUSD. This surge in minting activity has injected new liquidity into the ecosystem.
RLUSD’s presence on the XRP Ledger is growing rapidly, with recent issuances adding substantial liquidity to support users and applications within Ripple’s ecosystem.
Much of RLUSD’s recent expansion has taken place on the XRP Ledger, though Ethereum initially served as the primary network following its debut. The shift highlights an increased deployment of RLUSD on Ripple’s proprietary infrastructure.
Mini dictionary: XRP Ledger, Ripple’s open-source blockchain protocol designed for fast and efficient payments globally. It enables the issuance, transfer, and exchange of digital assets directly on-chain.
Top contenders in the stablecoin raceRLUSD’s rapid growth has launched it into the ranks of leading dollar-backed stablecoins, now placing it just behind prominent tokens such as Tether’s USDT, Circle’s USDC, Maker’s USDS, Dai, Ethena’s USDe, and PayPal USD (PYUSD).
Presently, PayPal’s PYUSD stands at a capitalization of around $2.87 billion, holding less than a $1 billion advantage over RLUSD. The narrowing gap suggests RLUSD could soon challenge PYUSD’s position among regulated stablecoins if its current pace continues.
StablecoinMarket Cap (USD)Tether (USDT)$183 billionCircle (USDC)$73 billionMaker (USDS)$9.7 billionDai$4.5 billionEthena (USDe)$4 billionPayPal USD (PYUSD)$2.87 billionRipple RLUSD$2.035 billionTether’s USDT continues to lead the stablecoin sector with a market capitalization of $183 billion, followed by Circle’s USDC at $73 billion. Other notable competitors include USDS, Dai, and Ethena’s USDe, each maintaining multi-billion dollar market caps.
The gap between RLUSD and PYUSD is now less than $1 billion, positioning RLUSD as a serious contender among regulated stablecoins.
Ripple, known for its enterprise blockchain solutions and cross-border payment systems, has stated that RLUSD’s regulated status and growing circulation underpin its ongoing momentum.
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 (XRP) price is up by 17% today, August 21, to trade at $1.30 at the time of writing. The gains come amid a surge in buying pressure, with data from CoinMarketCap showing that trading volumes are up by 127% in 24 hours to $8.17 billion.
XRP is now forming a falling wedge pattern on the weekly chart that usually suggests that the downtrend that pushed the price from $1.94 in January to $0.99 in August could be over. Meanwhile, Ripple’s CEO Brad Garlinghouse opines that the company will have a record year.
Garlinghouse Says Ripple Will Have a Record Year Garlinghouse was speaking at the Wyoming Blockchain Symposium, where he said that Ripple is on the verge of doubling its revenue in 2026. He attributed this increase in revenue to the acquisitions of Hidden Road and GTreasury in 2025.
His remarks also come at a time when Ripple is expanding its footprint in the traditional finance space. A recent report by CoinGape noted that Ripple is partnering with Clearpool and Cicada to bring institutional credit to the XRP Ledger.
During the Wyoming Blockchain Symposium, Garlinghouse also sparked speculation of Ripple filing for an IPO, saying that the company is no longer entirely opposed to going public.
“We’ve been very happily private for a long time… we are more neutral on the topic than maybe we used to be,” he said.
These remarks coincide with a bullish sentiment across the crypto market that has seen the price of XRP gain by 31% in three days.
XRP Price Creates a Bullish Wedge Pattern The price of XRP is forming a falling wedge pattern on the weekly chart. This pattern usually suggests that the trend is changing from a bearish one to a bullish one.
XRP has also moved above the resistance at the upper trendline of the wedge pattern. Still, it has to close above this resistance to confirm the bullish outlook to move to the next obstacle at $1.71.
The RSI that has moved from an oversold reading of 30 on August 10 to 49 today, August 21, also confirms that the trend is shifting. The current RSI reading shows that selling pressure has eased, and the price of XRP could extend the gains.
The value of XRP today is also testing the resistance at the 200-day EMA of $1.36. If it moves above this EMA, it will confirm that the long-term trend is changing to favor bulls.
XRP Price Chart (Source: TradingView) If this bullish thesis fails and XRP price fails to close above the 200-day EMA, it might drop to the psychological support of $1.20.
XRP ETF Volumes Reach $125 million Data from SoSoValue shows that the total value traded for XRP ETFs has reached $125 million. The Bitwise XRP ETF accounts for the biggest share of these volume numbers, with $83 million traded since the product launched.
The recent 31% gain in XRP price has also increased the demand for XRP ETFs, because they recorded $13.24 million in inflows on August 20. This marks the biggest single-day inflows recorded by the ETFs since June 29.
XRP ETF Flows (Source: SoSoValue) The surge coincides with surging demand for all crypto ETFs after the total inflows reached $885 million on August 20, with Bitcoin (BTC) leading with $606 million in inflows.
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Ahmed Barakat
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Ahmed Barakat
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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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XRP price is changing hands at $1.3, up 18% on the day, extending a violent 22% rally that carried the token to $1.26 in a single 24-hour window days earlier, shrugging off bearish prediction. But what’s driving it, and more importantly, where does the smart money rotate once the easy gains are booked?
The rally wasn’t XRP-specific. It traces back to two August 19 announcements: the U.S. Treasury doubling its longer-term bond buyback program to inject market liquidity, and President Trump reiterating his push to make the U.S. a Bitcoin superpower while pressing Congress to pass the CLARITY Act.
BREAKING: The US 30 year yield just crashed below 5.20% after the Treasury doubled its long term bond buybacks.
The yield hit 5.337% yesterday, a 19 year high, before dropping to 5.189%.
A buyback is when the Treasury goes into the market and buys back bonds it already issued.… pic.twitter.com/grDig7Ui9F
— Bull Theory (@BullTheoryio) August 19, 2026 Following all the catalysts, the total crypto market cap responded with an 8% jump to $2.5 trillion in 24 hours. XRP simply rode the wave harder than most large-caps.
That macro tailwind explains the spike, but it doesn’t answer whether XRP holds these levels or gives them back. The technical picture underneath the headline number tells a more complicated story.
Discover: The Best Crypto to Diversify Your Portfolio
XRP Price Prediction: Hit $1.50 This Week?XRP printed an intraday high of $1.32 in the 24-hour session that shook out short leveraged positions. Recent rally analysis points to resistance clustering near $1.30–$1.34, the exact zone price is testing now, while support has shifted up to $1.10–$1.00 after repeated tests of the psychological $1 level earlier this month.
Momentum data, however, shows downside risk toward $0.62 if momentum fails, while Standard Chartered maintains a longer-term $2.8 target, a split that underscores how unsettled sentiment remains even mid-rally.
Bull case: a clean break and hold above $1.34 opens room toward $1.60–$1.80. Base case: consolidation between $1.10 and $1.30 while the market digests the move. Bear case: a fade back below $1.10 invalidates the breakout thesis and re-tests $1.00. Wave-count analysis suggests the reclaimed $1 level needs to hold as a floor for any of the bullish targets to stay credible.
Trade XRP Market on Kalshi and Get a $25 Signing-up Bonus
Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key LevelsA 22% pop validates anyone who bought the dip below $1. But XRP is a multi-billion-dollar asset now, and a repeat of that percentage gain from here requires enormous capital inflow, not just sentiment.
That math is exactly why traders chasing outsized returns increasingly look toward earlier-stage infrastructure plays where the market cap ceiling hasn’t been tested yet. Some of that rotation lands on Ripple’s broader valuation story; some of it lands on presales building the next layer of crypto infrastructure entirely.
Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 with native SVM integration, smart contract execution at speeds it claims outpace Solana itself, while settling back to Bitcoin’s base layer for security.
The presale is priced at $0.013685 and has raised $33 million so far, with staking rewards on offer for early participants. The pitch: solve Bitcoin’s slow, expensive, non-programmable core through a decentralized canonical bridge and low-latency execution layer.
Traders can research Bitcoin Hyper directly before the round progresses further.
Clearpool has announced the development of a lending protocol native to the XRP Ledger, utilizing the XLS-66 and XLS-65 protocols. This initiative aims to establish a protocol-level lending infrastructure on the XRP Ledger, featuring RLUSD as the settlement currency. The project is currently in the development and testing phase, with the XLS-65 and XLS-66 amendments available on the devnet but pending mainnet validator approval. The integration of these protocols suggests a shift towards a more integrated credit infrastructure on the XRP Ledger, potentially enhancing its utility for institutional participants.
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Key Takeaways Clearpool’s announcement suggests an expansion of XRP Ledger’s capabilities by integrating lending protocols, potentially increasing XRP’s utility. The development of XLS-66 and XLS-65 may indicate a move towards a more robust and native financial ecosystem on the XRP Ledger. Market pricing suggests this development is viewed as consistent with scenarios where XRP could see increased institutional engagement. What to Watch Observers should monitor the approval process for XLS-65 and XLS-66 by mainnet validators, as this will be crucial for the project’s progression. Additionally, any regulatory developments or partnerships involving Ripple and its XRP Ledger could influence market perceptions and XRP’s price trajectory. Market participants appear to be evaluating whether these advancements will lead to a significant institutional uptake of the XRP Ledger’s new lending capabilities.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.3% — — View market → September 1 2026 57.5% — — View market → September 1 2026 0.7% — — View market → September 1 2026 2% — — View market → September 1 2026 99.9% — — View market → September 1 2026 0.7% — — View market → September 1 2026 0.1% — — View market →
Renowned trader Killa has expressed skepticism about Bitcoin breaking through the $100,000 mark this year, noting that the cryptocurrency market is likely to trade sideways and fluctuate in the period ahead.
Prominent trader Killa has released a post updating his latest market outlook: “I remain bullish on the market, but highly doubt Bitcoin will break $100,000 this year. I expect it will stay range-bound. My plan remains unchanged: after the first rally, we will reaccumulate positions ahead of the next move, similar to 2022.” Killa, a BTC-focused quantitative trader, predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then shifted to long positions during the broad market sell-off on June 5.
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On Friday, S&P Global released its latest PMI survey data, showing that the US Composite Output Index jumped sharply from 54.5 in the previous month to 56.0 in August, hitting its highest level since April 2022. This overall acceleration was entirely driven by an unexpected surge in the services sector. The initial reading for August’s services PMI stood at 56.8, significantly higher than July’s 54.6 and marking the highest level since December 2024. Typically, a PMI reading above 50 signals that the relevant economic activity is in an expansionary phase. This data completely shattered Wall Street’s earlier expectations of an economic slowdown. Economists had widely projected that August’s services PMI would fall to 54. S&P Global forecasts that the current third-quarter survey data indicates the US annualized economic growth rate is approaching 3.0%, a solid doubling from the 1.5% pace in the second quarter. However, the rapid economic expansion is still accompanied by latent inflation risks. The latest report shows that while inflationary pressures eased slightly in August, the growth rates of input costs and selling prices remain at high levels.
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Ripple has backed a new institutional credit fund that will issue RLUSD working-capital loans to fintech and payments companies through the XRP Ledger, with Clearpool and Cicada Partners handling the lending infrastructure and credit management.
Summary
Ripple is backing a new fund that will provide RLUSD working capital loans to fintech and payments companies. Cicada Partners will source borrowers and manage credit risk, while Clearpool is building the lending infrastructure. The fund is still being tested as the XRP Ledger lending and vault features await mainnet approval. Ripple will participate as a limited partner and will not guarantee investor losses. CoinDesk reported on Aug. 21 that the fund will provide loans denominated in Ripple USD (RLUSD), while Cicada Partners will source borrowers, set lending terms and oversee credit risk. Clearpool is developing the infrastructure needed to create and manage the credit pools, with Ripple joining other institutions as an investor.
The companies did not disclose the planned size of the fund or the amount Ripple has committed.
Under the structure, Cicada will serve as the fund’s general partner and credit-pool manager. The firm said it has underwritten more than $860 million in credit, while Clearpool said its lending platform has facilitated more than $930 million in institutional loans since 2021.
Ripple will participate as a limited partner under the same terms offered to other investors, according to the report. Its involvement does not include a guarantee against losses, leaving borrower assessment and credit management under the structure established by Cicada.
RLUSD credit fund will finance working capital Borrowers approved for the fund will receive RLUSD and repay their loans in the same stablecoin, giving the dollar-pegged token a direct role in the credit cycle.
The structure separates Ripple’s stablecoin from XRP’s function on the network. RLUSD will serve as the asset being lent, while XRP will continue to cover XRP Ledger transaction fees and the minimum reserve balances required for accounts.
For Ripple, the planned fund adds lending to existing uses for RLUSD across settlement and trading. A July report from Evernorth said RLUSD had already generated more than $2.5 billion in trading across XRP Ledger pairs since its public launch, with the RLUSD/XRP pair accounting for about $900 million over six months, as previously covered by crypto.news.
Evernorth also said RLUSD’s share of on-chain trading had climbed from below 1% to around 12% during 2026. The report put RLUSD supply on the XRP Ledger slightly above its Ethereum supply at the time.
The new credit product would give the stablecoin another use if the lending system reaches the XRP Ledger mainnet, allowing institutions to supply and borrow dollar-denominated liquidity without using XRP as the loan asset.
XRP Ledger lending still awaits mainnet activation Clearpool’s integration is currently being tested on a development network because the two XRP Ledger features needed to run the product have not completed the network’s amendment process.
XLS-65, known as Single Asset Vaults, allows funds from multiple participants to be pooled into a vault managed under defined rules. XLS-66 introduces the lending protocol that can issue, service and repay fixed-term loans directly on the ledger.
The structure places credit underwriting outside the blockchain while using XRPL to handle the movement and accounting of funds. Under the proposed system, institutions can assess borrowers and negotiate loan terms off-chain before the lending protocol manages the resulting credit position on-chain.
The proposals entered validator consideration earlier this year. A June report on the protocol detailed how XLS-66 uses Single Asset Vault liquidity for fixed-term lending while leaving borrower underwriting and risk assessment to participating institutions.
Activation requires validator approval under the XRP Ledger amendment system. Until the required support threshold and voting conditions are met, the Clearpool and Cicada product cannot operate through the planned native lending functions on mainnet.
Developers and infrastructure providers can still work with the features on devnet, giving firms time to test applications before a possible activation.
Security work has focused on XRP Ledger credit features The lending code has undergone additional security work ahead of its proposed mainnet deployment.
RippleX developers and Common Prefix used formal verification to examine the planned lending system earlier this year. The June formal verification review covered both XLS-66 and XLS-65, with the work designed to identify edge cases that conventional software testing could miss in financial infrastructure implemented directly at the Layer 1 level.
The review examined the fixed-term lending model, which uses pooled vault liquidity and relies on off-chain credit assessment for uncollateralized borrowers. The model differs from lending systems where collateral and automatic liquidation rules handle most borrower risk directly through application-level smart contracts.
Security firm Halborn subsequently completed a re-audit of the XRP Ledger Lending Protocol. Its June lending protocol re-audit found no critical or high-risk issues after reviewing changes linked to fixed-term loans and Single Asset Vaults.
Halborn identified five findings in total: one medium-severity issue, two low-severity issues and two informational findings. The firm said all reported findings were addressed, with some resolved by Ripple’s engineering team and others accepted or acknowledged following review.
One medium-severity finding involved a way for loan interest to bypass a maximum-assets limit applied to a vault, according to the audit. Halborn’s engagement covered transaction checks, accounting rules, state consistency, parameter limits and access controls across the protocol.
XRP has rallied as the credit plan emerges XRP has gained almost 20% over the past 24 hours to trade around $1.30 and is up about 30% over seven days, according to CoinDesk, placing the token among the strongest performers during the latest crypto market rally.
The advance followed a sharp move across major cryptocurrencies after the U.S. Treasury announced an expansion of its long-dated bond buyback program. The Treasury plans to increase the cap on individual operations from $2 billion to at least $4 billion beginning Sept. 9, a move that initially pulled long-term yields lower and weakened the dollar.
Bitcoin climbed above $72,000 during the market move, while XRP recorded a 10.4% gain on Wednesday before extending its advance into Thursday. Decrypt reported that XRP’s weekly rise reached roughly 30% after the token had traded below $1 the previous week.
XRP exchange-traded fund inflows fell from $5.81 million to $2.35 million during part of the rally, while Bitcoin ETFs attracted about $517 million, according to the same report. XRP futures open interest had also fallen 11.31% from its rally-day level as of Aug. 20.
A new credit fund backed by Ripple, Clearpool, and Cicada Partners will lend RLUSD to fintech and payments firms on the XRP Ledger — the first institutional lending product to use the stablecoin as collateral. The catch: it depends on two protocol amendments that haven't passed yet.
A new institutional credit fund backed by Ripple, Clearpool, and Cicada Partners is deploying RLUSD as a primary lending asset on the XRP Ledger (XRPL). By facilitating the direct lending of this stablecoin to fintech and payments firms, the initiative shifts RLUSD from its initial role as a payment-focused asset into the domain of institutional credit collateral. This represents the first institutional lending product to utilize RLUSD on the XRPL.
The fund’s operational architecture bridges traditional credit underwriting with on-ledger execution. Clearpool, which has facilitated over $930 million in institutional loans since 2021, is responsible for building and managing the lending infrastructure, specifically utilizing its Lending Protocol and Single Asset Vault architecture. Cicada Partners, a firm that has underwritten more than $860 million in credit, manages the sourcing of borrowers, the establishment of loan terms, and ongoing credit risk monitoring. Ripple participates as a limited partner on pari passu terms with other investors, though the total fund size remains undisclosed.
Unlike the overcollateralized lending models prevalent in decentralized finance, this fund utilizes a mechanism governed by the proposed XLS-66 Lending Protocol. This standard facilitates fixed-term, underwritten, uncollateralized credit for credentialed counterparties — meaning borrowers are vetted off-chain before loans are originated on-ledger. The framework integrates XLS-65 Single Asset Vaults, which introduce permissioned, single-token vaults on the XRPL where liquidity providers deposit assets to receive proportional shares. In this model, borrowers receive and repay RLUSD, creating direct demand for the token. XRP itself is relegated to a utility role, used exclusively for transaction fees and required minimum account balances rather than as a lent asset.
The viability of this product is currently contingent upon the successful passage of the XLS-66 and XLS-65 amendments on the XRPL. These amendments require 80% validator approval to be implemented on the mainnet. As of the latest reports, the voting process has reached approximately 40% approval following Ripple’s own vote. Clearpool is testing the integration on the XRPL Devnet, but the transition to a live, mainnet-ready product remains subject to the consensus of the validator network. That gap — between announcement and activation — is the real constraint.
This move fits a pattern that has become familiar in 2026: industry building institutional infrastructure ahead of comprehensive regulatory frameworks. The Clearing House consortium — JPMorgan, Bank of America, Citi, Wells Fargo — is constructing a shared tokenized deposit network targeting the first half of 2027. The Agentic Payments Alliance, which includes Visa, Mastercard, Fiserv, Circle, Solana, and Remitly, reflects a parallel effort to set agent-commerce standards before Congress defines the rules. In each case, the strategy is the same: establish the de facto infrastructure, then let regulation catch up.
The market reaction was notable — XRP rallied approximately 20% in 24 hours to $1.30 — but the more durable signal is what this fund says about RLUSD’s trajectory. A stablecoin that only moves money is a commodity. A stablecoin that underwrites institutional credit is infrastructure. Whether the XLS-66 and XLS-65 amendments clear the 80% threshold will determine if that infrastructure goes live. Until then, the fund is a statement of intent backed by real capital and real underwriting, waiting on validator consensus.
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Institutional lending is coming to the XRP Ledger (XRPL), with a new partnership between Clearpool, Cicada Partners, and Ripple bringing real-world lending activity onchain.
XRPL developer Vet (Hussein Zangana) highlighted the development on X, saying, “Now it gets really serious on the XRPL.”
He described the move as a clear institutional commitment to borrowing and lending on the ledger. The planned structure brings together three players with distinct roles.
Notably, Clearpool will provide the lending infrastructure, and Cicada Partners will handle credit origination and credit checks. Meanwhile, Ripple will provide capital
The borrowers will be fintech and payment companies that use stablecoins to fund their day-to-day business needs.
XRPL Lending Protocol at the Center with Ripple Backing Notably, the project will use XRPL’s proposed XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. For context, the XRPL community is still voting on it.
The model allows institutions to put money into managed lending pools, while credit managers choose borrowers, set loan terms, and manage risk.
Cicada has experience with more than $860 million in credit, while Clearpool has helped facilitate over $930 million in institutional loans since 2021.
Ripple will invest in the credit fund alongside other institutional investors rather than guarantee the loans.
Ripple RLUSD and XRP Could Power the Lending Flywheel The proposed system seeks to create an activity loop across the XRPL ecosystem.
Borrowers would use RLUSD for everyday business needs, which could increase its use for payments and settlements. XRP would continue to be used for transaction fees and network reserves.
Vet described this as a potential cycle: investors provide capital, earn returns, and then provide more capital, while increased lending brings more activity to the XRPL.
The main idea is that investors would earn returns from loans to real businesses rather than mainly from DeFi strategies such as liquidity mining, arbitrage, or leverage.
Technical Demo Coming Next Clearpool is building and testing the system on the XRPL Devnet. A demo is expected to show the full lending process, from creating a lending pool to issuing and repaying loans.
The Lending Protocol and Single Asset Vault features still need to pass the XRPL voting process before they can launch on the mainnet.
If activated, this could expand XRPL beyond payments and make it a platform for institutional lending.
XRP Price Surges 18.5% Meanwhile, the development comes as XRP stages a sharp price recovery. XRP is trading at $1.31, up 18.5% over the past 24 hours and 31% over the past week. The cryptocurrency traded as low as $0.98 earlier this week before staging its latest rally.
The rising XRP price, along with the planned institutional lending system, could bring more attention to XRP and the XRPL as part of the growing onchain financial market.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Ripple’s XRP price bounced almost 20% today, as the XRP Ledger appears to get closer towards institutional lending with its proposed Lending Protocol. Ripple, Clearpool and Cicada Partners recently announced that they are working on the credit infrastructure. For the project, it will be a new loan on the XRPL with RLUSD.For the project, it will be a new loan on XRPL based on RLUSD.
Ripple’s XRP Rockets Nearly 20% Today At the time of writing, XRP price was at $1.38, boasting a rise of 19.1% in the last 24 hours. Moreover, the overall crypto market continued a strong uptrend with Bitcoin leading the gains as it broke $78,000.
XRP price chart today. Source: TradingView The XRP rally coincided with President Donald Trump’s appeal to Congress to approve the CLARITY Act. He made the appeal at a White House event with crypto and financial industry leaders. The law will create more transparency and U.S. regulation.
The crypto market also responded to the action by the U.S. Treasury on government debt. The U.S. Treasury department announced its intention to speed up repurchasing debt by doubling buybacks. The move further raised the appetite of investors to buy and become part of the crypto rally.
Inside Clearpool’s XRPL Lending Protocol Initiative Further, what worked in XRP’s favor was that the proposed Lending upgrade on XRPL has become prominent among the institutional finance players. For context, Clearpool is constructing the lending platform as a Lending Protocol and Single Asset Vault.
Since 2021, Clearpool has facilitated over $930 million worth of institutional loans. It is structured so that independent credit managers can establish independent credit markets. Managers can individually establish their own risk conditions for each market.
Cicada Partners will manage the credit operations. It’s involved in the borrower evaluation, in the origination process and in the servicing of loans. The firm has over $860 Million in credit underwriting experience. It will also closely observe borrowers and conditions following loans.
Ripple will be a limited partner with other institutional investors but it will not serve as a special backup. The fund will focus on fintech companies, payment service providers, and crypto businesses leveraging stablecoins to fund their working capital.
Meanwhile, RLUSD will be the credit asset. Access and asset management controls could be offered by XRPL features such as Permissioned Domains, Credentials and Clawback. However, since XRP is not used as the credit asset, social media discussions are heating up as netizens believe it could lessen the Ripple-backed crypto’s use case.
On the other hand, Clearpool is now testing the lending integration in XRPL Devnet. A technical demonstration will be held, which will include the creation of a pool, borrowing and repayment.
Nonetheless, both the Lending Protocol and Single Asset Vault amendments yet to be approved by validators. Typically, the changes to the XRPL require at least 80% of the trusted validators to approve them for two consecutive weeks.
Ripple has teamed up with Clearpool and Cicada Partners to introduce real-world institutional lending capabilities on the XRP Ledger (XRPL). The collaboration aims to create on-chain credit markets that fund actual business needs rather than relying on typical decentralized finance yield strategies.
The partners highlight a longstanding issue in DeFi: the vast majority of yields—estimated around 98 percent—stem from circular market activities such as looping, arbitrage, basis trades, points programs, and liquidity mining.
These mechanisms rarely support productive economic activity, which has kept many institutional investors on the sidelines.
At the same time, on-chain activity is expanding.
Stablecoin transaction volumes surpassed $27 trillion in the prior year, increasingly driven by fintech firms and payment companies seeking working capital. Tokenized private credit has also grown beyond $10 billion.
The new initiative seeks to bridge this gap by delivering sustainable yields backed by genuine commercial operations.
Under the arrangement, each participant fills a complementary role.
Clearpool, which has arranged more than $930 million (and in some reports over $950 million) in institutional loans since 2021, is developing the technical credit layer.
It will use XRPL’s native Lending Protocol (XLS-66) and Single Asset Vaults (XLS-65).
These features enable a curator model in which independent risk managers can run isolated credit markets with predefined parameters.
Because the protocols sit at the ledger level, they avoid reliance on external smart contracts and associated risks.
Cicada Partners will handle credit origination, underwriting, servicing, covenant setting, and ongoing borrower monitoring.
The firm brings experience underwriting more than $860 million in credit and will serve as both general partner of the fund and manager of the credit pools.
Borrowers are expected to include fintech companies, payment processors, and crypto service providers that use stablecoins for genuine working-capital purposes.
Ripple will join as a limited partner in the credit fund on equal terms with other institutional investors.
It will not provide any special guarantee or first-loss protection.
Loans will be denominated in RLUSD, Ripple’s New York Department of Financial Services-regulated, BNY-custodied stablecoin.
This structure is intended to create demand for RLUSD while routing activity through XRPL, where XRP continues to serve for transaction fees and required reserves.XRPL’s existing compliance tools—Permissioned Domains, Credentials, and Clawback—support institutional requirements by allowing vetted participation and asset controls.
The protocol itself does not impose fixed application-level fees; economics are determined by the parties involved.
Clearpool is currently building and testing the integration on the XRPL Devnet, with a full technical demonstration of pool creation, borrowing, and repayment planned.
The underlying XLS-65 and XLS-66 amendments remain subject to community voting before mainnet activation.
Once live, the partners describe the deployment as one of the more significant institutional lending efforts on the ledger to date and a foundation for additional credit activity.
By combining credit infrastructure, specialized underwriting, and native ledger capabilities, the three organizations intend to position XRPL as a full financial settlement and credit layer capable of supporting real-world institutional finance.
Bitcoin surges to $76,945, snapping a year-long downtrend as ETF inflows hit $606.29 million on Thursday, the highest since May.Strategy returns to profit as its 840,447 BTC treasury value climbs above $64.6 billion.Treasury Secretary Scott Bessent doubles long-term bond buybacks to $4 billion per operation, fueling the crypto rally.XRP jumps 18.03% to $1.37 as Korean traders rotate capital from Samsung and SK Hynix into crypto.CFTC Chairman Michael Selig warns the agency will regulate crypto independently if the Senate stalls the CLARITY Act.The crypto market is closing the working week of Aug. 21 with a powerful three-day rally that has finally pulled it out of its prolonged 2026 slumber. Instead of the usual dreary sideways movement, a giant green candle has appeared on Bitcoin's daily chart — the price on Bitstamp as per TradingView broke through the year-long downtrend and surged to $76,945, peaking at $79,461.
The main fuel came from large investors. Thursday's trading session ended with records for U.S. funds as per SoSoValue: net inflows into Bitcoin ETFs jumped to $606.29 million, the highest since May, while Ethereum ETFs attracted $220.77 million — their best result since last October.
HOT Stories
IBIT, BTC/USD, XRP/USD, and MSTR price performance as of August 21, 2026. Source: TradingView.This vertical rise over the past 24 hours created a real storm on derivatives exchanges, generating $1.51 billion in liquidations. First, the market completely wiped out the bears, forcibly closing $1.21 billion in short positions. However, as soon as the price found its peak, retail fear of missing out kicked in.
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Late traders began jumping into highly leveraged long positions, and a brief morning pullback immediately liquidated $37.43 million in speculative positions within just one hour.
While Bitcoin is storming new heights and bringing Strategy back into the game, a separate drama is unfolding among altcoins: Korean retail traders are trying to break through a historic "ceiling" that stopped the market a year ago.
Bitcoin news: Billion-dollar comeback — how Saylor outplayed the downturnThe main macroeconomic catalyst behind this three-day rally was an unexpected intervention by the U.S. Treasury.
U.S. Treasury Secretary Scott Bessent announced that the department was prepared to more than double the volume of long-term Treasury bond buybacks, raising the limit to at least $4 billion per operation. The Treasury took this step to inject liquidity into the turbulent debt market and push down long-term government bond yields.
For risk assets and the crypto market, this worked like a direct injection of rocket fuel — falling U.S. Treasury yields immediately weakened the dollar and forced large investors to urgently redirect liquidity into Bitcoin and the technology sector.
This liquidity tsunami completely revived Strategy's balance sheet. After a prolonged decline, during which Michael Saylor's company had to periodically lock in losses and sell coins at around $62,000–$64,000, its corporate portfolio finally returned to profit.
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This comeback brought the company more than $1 billion in unrealized profit relative to the recent bottom. According to BitcoinTreasuries.net, the company's balance sheet now shows the following metrics:
Reserve holdings: The company controls 840,447 BTC worth a total of $64.6 billion. Since the beginning of 2026, Strategy has acted extremely aggressively, increasing its reserves by 25% and purchasing another 167,950 BTC.Break-even point: Total investments reached $63.36 billion, bringing the average purchase price to $75,388.45. The spot price's move above this level has completely erased the previous panic-driven losses.Saylor's business may now be more resilient than ever. Its enterprise value has reached $64.9 billion, effectively backing every cent of MSTR's market capitalization with actual Bitcoin. At the same time, the company relies on a diversified Digital Credit debt stack totaling $13.27 billion, with its corporate bond issues trading at yields ranging from 10.28% to 14.01%.
The company's key debt instrument, STRC, is currently trading at $95.656. If the price returns to its $100 par value and the current discount of 4.344% closes, Strategy will be able to restart its borrowing program at full capacity and resume aggressive Bitcoin purchases on the open market.
Saylor also has around $4.80 billion in cash remaining. The main question for the weekend is whether he will put this cash to work immediately to push Bitcoin even higher.
On-chain data also indicates that the trend has changed decisively. CryptoQuant's Bitcoin Bull Score Index has returned to the green bullish zone for the first time since October 2025. The platform's CEO, Ki Young Ju, says the bearish phase is over and the global bottom has been passed.
This is also confirmed technically on the BTC chart: the price has left the 200-day moving average at $68,970 far behind, and this level now serves as the bulls' main stronghold.
Crypto market news: Korea's XRP surge, CFTC ultimatum and the great rotationAmong altcoins, XRP became the main newsmaker after gaining 18.03% in 24 hours to reach $1.37, extending its weekly rally to 38%. The price has moved directly against the purple line at $1.3702 — the peak recorded on Oct. 10, 2025.
That day is known as "Black Friday" because it was indeed a Friday and marked the starting point of the prolonged 2026 decline. XRP is now trying to break this curse by storming the 23-period SMA resistance at $1.4242, supported by the 200-period SMA "floor" at $1.2286.
Upbit spot market dashboard showing XRP/KRW trading volume outstripping BTC/KRW on August 21, 2026. Source: CoinGecko.The fact that South Korea is behind this surge is suggested by trading volumes on Upbit, which jumped 250% to $1.8 billion. XRP became the exchange's most-traded asset with $546.56 million in volume, overtaking Bitcoin.
Local retail investors orchestrated a massive capital rotation — they sold shares of technology giants Samsung and SK Hynix on the KOSPI, where they had remained throughout the crypto market's dormant period, and redirected the cash into crypto.
Interest was additionally fueled by Ripple and Clearpool's announcement of private lending on the XRP Ledger.
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Washington also turned up the heat. CFTC Chairman Michael Selig issued a firm ultimatum: if the Senate continues delaying passage of the CLARITY Act, the agency will begin regulating crypto on its own.
The CFTC is already preparing margin trading rules for U.S. exchanges and legal protections for DeFi. In what became the biggest surprise, the agency is also working with the Department of Commerce to tokenize GPU computing power and turn it into a digital commodity. Against this backdrop, the Artificial Superintelligence Alliance token FET immediately jumped 19.55%, while Ethena's ENA soared 39.47% due to rising futures funding rates.
However, there is a hidden land mine beneath this celebration. CoinGlass data shows that the three-day pump has completely liquidated short sellers, destroying $4.36 billion in positions over 72 hours. Almost no bears remain in the market, leaving the futures market critically one-sided. Bitcoin's daily RSI has entered an extremely overheated zone at 84.80.
Any major profit-taking by large investors could now trigger an avalanche of forced position closures:
Threat to BTC: A technical price pullback toward $65,900 would automatically wipe out $5.71 billion in overleveraged long positions.Threat to ETH: A local Ethereum correction toward $2,090 would immediately destroy another $2.15 billion in buyer positions.The main marker for the long-term trend will be the Senate's procedural vote on the CLARITY Act on Sept. 15. Until then, the market faces three weeks of intense fighting across overheated futures markets.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to the Ripple stablecoin tracker website, Ethereum has now overtaken the XRP Ledger in RLUSD supply.
Based on current data supplied by the page, RLUSD circulating supply on the XRP Ledger is now $941.36 million, which has been surpassed by that of Ethereum, which is $989.34 million.
The change comes as Ripple continues to adjust RLUSD liquidity across its supported blockchain networks. Specifically, the last 24 hours have seen more RLUSD minted on Ethereum than on the XRP ledger, with larger activity in favor of the former (Ethereum).
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On August 20, $73.8 million RLUSD was minted on ethereum with $23.5 million burned. On August 21 so far, $53.2 million RLUSD was minted on Ethereum with $15 million burned.
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This surpasses XRP Ledger, which saw $36.1 million RLUSD minted on August 20 and $15.4 million RLUSD burned in this timeframe. So far on August 21, $12.5 million RLUSD was minted on the XRPL and $6.5 million burned.
Ripple stablecoin tracker X account details some of these transactions over the last 24 hours.
In recent hours, two transactions of 25,000,000 RLUSD and 20,000,000 RLUSD minted on Ethereum were reported, while 10,000,000 RLUSD was burned on the blockchain. One transaction of 10,000,000 RLUSD minted on XRP Ledger was reported. Another three transactions of 20,000,000 RLUSD, 14,000,000 RLUSD and 16,000,000 RLUSD minted on Ethereum were reported within the last 24 hours.
RLUSD nears $2 billion in circulating supplyWith the ongoing activity, the RLUSD total circulating supply is fast approaching the $2 billion milestone, currently at $1.93 billion according to the Ripple stablecoin tracker page. The current figure of $1.939 billion in total circulating supply marks an all-time high for the Ripple USD (RLUSD) stablecoin, which launched in December 2024.
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RLUSD was launched with support for both the XRP Ledger and Ethereum, allowing its access across two major networks.
In June, the XRP Ledger surpassed the Ethereum blockchain in RLUSD circulating supply for the first time. Now, a recent supply shift has flipped this tide, and the XRP community is watching what comes next.
The cryptocurrency market climbed for a third consecutive day, triggering widespread liquidations among short sellers. Over the past 24 hours, short positions totaling $1.24 billion were wiped out, further intensifying market volatility.
Dogecoin and leading altcoins post strong gainsDogecoin demonstrated notable momentum, rising 10.11% in the past day to $0.0842 and advancing 21.33% for the week. The meme coin’s price increased steadily from its August 19 low of $0.069, reaching an intraday peak of $0.0857 early Friday.
Other major crypto assets also recorded significant gains. XRP surged 24% within 24 hours, while Zcash climbed 18% and Bitcoin Cash increased by 21%. These price movements contributed to a more optimistic sentiment across the broader crypto ecosystem.
Crypto Asset24H ChangeWeekly ChangeCurrent PriceDogecoin+10.11%+21.33%$0.0842XRP+24%N/AN/AZcash+18%N/AN/ABitcoin Cash+21%N/AN/ADespite the positive performance, some in the Dogecoin community expressed caution. Mishaboar, a well-known voice among Dogecoin supporters, urged traders to remain vigilant during the rally. He advised, “It is good to see the market moving in a different direction, but be extremely careful.”
It is good to see the market moving in a different direction, but be extremely careful.
Mishaboar highlighted the possibility of a bull trap, where strong price increases tempt traders to open long positions just before a sharp reversal. He raised doubts about the sustainability of the uptrend, pointing to the influence of high-profile events, including a White House gathering. The event, held Wednesday, brought together executives from Coinbase, Gemini, Ripple, and Chainlink. Cryptocurrencies rallied following the meeting.
Mishaboar questioned the reliability of gains occurring around major crypto-focused events, warning that fundamentals may not support the price spike amid speculative fervor.
Mini dictionary: Bull trap, a situation where a market rally encourages investors to go long, but this move soon reverses and prices fall sharply.
Macro factors influence crypto rallyMacroeconomic trends also played a role, as cryptocurrencies rose alongside traditional hard assets like gold. At the same time, the US dollar weakened against other major currencies. These developments suggest that broader financial factors are contributing to the crypto uptrend, beyond those cited by community analysts.
Meanwhile, the US Treasury plans to double its buybacks of long-term government bonds, increasing repurchases to at least $4 billion per operation until early November. Analysts view this move as a potential driver of positive sentiment across financial markets, including crypto. The surge in liquidations of short positions has further fueled the ongoing rally.
Market participants are now monitoring overbought indicators, which could signal the possibility of a reversal in prices if the rally loses momentum.
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.
Bearish crypto traders absorbed $1.06 billion in short liquidations over 24 hours as the total crypto market capitalization rose 3.7%.
Liquidations across the market reached $1.24 billion. The wipeout caught 141,191 traders, while long positions gave up only $174.41 million.
Bitcoin Drove the Bulk of Short LiquidationsBitcoin (BTC) alone drove $789.68 million of the losses after climbing 8.4% to $74,998. The cryptocurrency touched an intraday high of $75,744 early Friday, its strongest print since May 27.
That peak stopped narrowly below the True Market Mean of $75,800. Ethereum (ETH), followed by $206.88 million in liquidations, while XRP (XRP) added $41.94 million.
Crypto Liquidations on August 21. Soure: CoinglassAccording to BeInCrypto Markets data, XRP led the large caps with a 16.2% daily gain to $1.26. Ethereum climbed 10.1% to $2,315, comfortably ahead of Bitcoin’s move.
The XRP price rally extends one of the token’s strongest stretches since 2020. Meanwhile, sentiment has swung from fear to greed in a matter of days. Perspective still matters.
Despite an 18.4% weekly gain, Bitcoin trades roughly 40% below its $126,080 record set on October 6, 2025. Whether spot buyers replace the liquidated shorts will decide if this holds.
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Bears Keep Paying for a Rally That Started in WashingtonThe latest rally traces back to the bond market. The Treasury doubled its long-end debt buybacks on August 19, raising each operation to at least $4 billion.
That initial move caught bearish traders off guard. As Bitcoin rose, short positions hit liquidation levels, forcing exchanges to buy BTC to close them. Those forced purchases pushed prices higher, triggering more liquidations and creating a self-reinforcing squeeze.
The loop has now run for three sessions. BeInCrypto reported that shorts lost $1.3 billion in 60 minutes as BTC climbed 2.5%. Yesterday, short liquidations reached $2.74 billion as 172,202 traders got wiped out.
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XRP rebounds 10% as Bitcoin short liquidations top $1 billion, while UE Crypto expands cloud mining access
Summary
XRP rebounds 10.17% near $1.10 as Bitcoin surges 8%, triggering more than $1B in short liquidations. Bitcoin hits $72,281 after a sharp rebound, fueling a major short squeeze and lifting XRP toward $1.10. XRP and BTC volatility sparks interest in UE Crypto’s contract-based cloud mining as an alternative income option. XRP has recently staged a strong rebound, with its price briefly climbing near $1.10 — a single-day gain of 10.17% and its largest daily increase since February 6, 2026. Meanwhile, Bitcoin (BTC) also rebounded rapidly, rising over 8% at one point to hit a high of $72,281.12; this marked a new peak since early June and the largest single-day gain since March 2026.
This rapid market reversal triggered a massive wave of short position liquidations. According to CoinGlass data, over $1 billion in Bitcoin short positions were forcibly liquidated within roughly an hour, marking one of the largest Bitcoin short liquidation events since such data tracking began in 2021.
Prior to this, Bitcoin had experienced months of decline, with bearish sentiment building as the price retreated. The sudden price rebound — fueled by heavy buying as short sellers covered their positions — pushed prices even higher, creating a classic “short squeeze” scenario.
Amidst heightened market volatility, UE Crypto has launched a contract-based cloud mining service. This offers holders of XRP, BTC, and other digital assets a way to utilize their holdings that goes beyond merely relying on price appreciation, helping users explore potential sources of consistent returns.
From price fluctuations to asset utilization: Investors seek more stable returns For a long time, many XRP and BTC holders have primarily employed a “buy low, hold long” strategy, hoping to realize capital gains from future market rallies.
While this approach can yield high returns during bull markets, profitability is heavily dependent on asset price performance. When the market enters a phase of consolidation, correction, or decline, holders must not only endure fluctuations in asset value but may also face long waiting periods.
Consequently, an increasing number of digital asset holders are turning their attention to more diversified asset management strategies. Moving beyond the simple “buy low, sell high” model, some investors are exploring ways to enhance the utilization of their existing digital assets and seeking sources of relatively consistent potential returns. Amidst this trend, cloud mining has emerged as a way to engage with digital assets that differs from simply relying on price appreciation. By combining cloud computing power with contract services, UE Crypto offers holders of XRP, BTC, and other mainstream digital assets the option to participate in cloud mining remotely.
UE Crypto Cloud Mining: Simplifying digital asset participation UE Crypto’s contract-based cloud mining platform integrates computing power allocation, contract services, and automated operational mechanisms.
Users can select cloud mining plans tailored to their budgets, contract durations, and computing power requirements without the need to purchase, deploy, or maintain mining hardware themselves. Once a contract is activated, the allocated computing power operates automatically according to the chosen plan, thereby lowering the equipment and technical barriers associated with traditional mining.
Compared to merely waiting for the price of XRP or BTC to rise, cloud mining offers holders an alternative potential source of income. According to UE Crypto, potential daily earnings for some high-capacity plans can reach up to $10,000, with actual returns depending on the specific investment amount, contract plan, and computing power allocation.
Key features of UE Crypto Cloud Mining Low barrier to entry
With a minimum investment of $100, the platform offers an accessible starting point for users wishing to try cloud mining.
Automated operation
Once a user selects and activates a contract, the computing power runs automatically according to the plan; there is no need for the user to manage mining hardware or perform complex technical maintenance.
Support for multiple mainstream digital assets
The platform supports a wide range of mainstream digital assets, including BTC, USDT, ETH, LTC, USDC, XRP, SOL, and BNB.
Clear earnings plans
Different contracts correspond to varying durations and projected returns; users can choose to withdraw their earnings or reinvest them in accordance with platform rules.
Emphasis on sustainable operations
UE Crypto states that its mining infrastructure utilizes renewable energy sources — including solar and wind power — to enhance efficiency and reduce carbon emissions.
Three Steps to Get Started with UE Crypto
1. Register an account
Users can visit the official UE Crypto website and create an account using their email address. New users receive a $20 sign-up bonus and can begin cloud mining immediately after registration.
2. Top up and select a plan
Users can top up their accounts using major digital assets supported by the platform — such as BTC, ETH, USDC, and XRP — and select a cloud mining plan that suits their budget, contract duration, and hashrate requirements.
3. Activate the contract and earn returns
Once the contract is activated, the corresponding hashrate operates automatically according to the selected plan. Earnings are settled based on the specific contract terms, and users can choose to withdraw or reinvest their profits in accordance with platform rules.
Featured cloud mining contracts
Click here to view the full list of cloud mining contracts and applicable terms.
Looking ahead: From market volatility to diversified returns Price volatility in the cryptocurrency market is here to stay. For holders of XRP, BTC, ETH, and other digital assets, relying solely on price appreciation for returns means investment outcomes are heavily tied to market cycles. Consequently, asset diversification, improved asset utilization, and the exploration of potential, sustainable income sources are becoming key priorities for digital asset holders.
By combining cloud computing power, contract services, and digital asset infrastructure, UE Crypto offers users a convenient way to participate in cloud mining. Its goal is to enable digital asset holders to explore paths to more stable and sustainable potential returns — moving beyond a sole reliance on rising coin prices — while continuing to monitor market trends.
About UE Crypto Founded in 2015 and headquartered in London, UK, UE Crypto specializes in smart cloud mining, cloud computing, and digital asset services. According to the company, its platform services cover more than 150 countries and regions worldwide.
Users interested in UE Crypto’s cloud mining services can visit the official website to view the full range of contract plans, platform services, and relevant terms.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
XRP may be positioned for a significant price rise by the end of 2030, according to technical projections shared by cryptocurrency analyst ChartNerd. The analyst, who frequently covers digital asset price movements for a broad online following, has outlined a scenario where XRP could reach $8, $13, and even $27 in the coming years.
Fibonacci extension model points to high targetsChartNerd detailed a chart on X, noting that XRP could head toward the $8, $13, and $27 levels, referencing the specific Fibonacci extension levels of 1.272, 1.414, and 1.618. These technical markers are commonly used by traders to estimate possible resistance areas and price targets based on historic price movements.
ChartNerd emphasized that this projection is based on the cyclical nature observed in previous market structures and stated, “This Chart Predicts $XRP Is Heading Towards a $8/$13/$27 (1.272/1.414/1.618) Top by 2030.”
The chart compares XRP’s 2014 to 2018 market cycle with a new period stretching from 2026 to 2030, applying the same time-based Fibonacci methodology to forecast possible future price movements. Specific levels shown include $4.85 at the 1.272 extension, $13.79 at 1.414, and $27.72 at 1.618, with the post summarizing them as $8, $13, and $27 for clarity.
Mini dictionary: Fibonacci extension — A technical analysis tool that projects potential price targets by applying Fibonacci ratios (such as 1.272, 1.414, 1.618) beyond established market moves. Traders often rely on these extensions to anticipate possible levels of resistance or support based on past cycles.
Fibonacci LevelApproximate Price Target1.272$81.414$131.618$27Comparing past and projected XRP market cyclesThe analysis from ChartNerd highlights how XRP’s previous upward cycle between 2014 and 2018 saw prices reach their Fibonacci extension targets, with green circles marking key historical turning points on the chart. The current projection suggests a repetition of that pattern in a future time frame ending in 2030.
Technical projections like these are not viewed as guarantees, but they remain widely referenced among digital asset traders to help identify potential opportunities and risk zones.
X R Pom, a member of the XRP community, contended that a transition from speculation to real-world utility might push XRP above even the upper extension levels highlighted in the chart, should market fundamentals catch up with technical expectations.
Community reaction and key factors discussedComments from the XRP community focused on variables that could cause actual price development to diverge from the technical forecast. Luis Alejandro Del C raised the possibility that factors such as a regulatory breakthrough or sudden changes in XRP supply — commonly called a supply shock — might influence outcomes beyond the scope of historical chart analysis.
Other participants speculated that a shift toward greater utility and ecosystem growth could potentially drive even higher valuations than those estimated by technical projections, although this would depend on real-world adoption and legal clarity around XRP.
ChartNerd’s scenario thus frames XRP’s 2026-2030 trajectory around three main Fibonacci price targets, contingent on the market’s ability to replicate a previous cycle and respond to both technical and external developments.
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.
Top executives from Coinbase and Ripple are intensifying efforts in Washington, seeking progress on stalled U.S. cryptocurrency legislation. The ongoing debate focuses on the CLARITY Act, with unresolved ethics provisions identified as the key stumbling block delaying advancement of the market-structure bill.
High-level talks with policymakersCoinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse, representing two of the most influential companies in the digital asset sector, recently met with Commerce Secretary Howard Lutnick. These discussions explored potential actions by the White House to maintain bipartisan momentum for crypto reform as the legislative process faces political challenges.
The CLARITY Act is designed to clarify federal oversight of digital assets, aiming to establish defined responsibilities across regulatory agencies. However, language covering ethics requirements has surfaced as a contentious point among lawmakers.
Executives and officials have highlighted that the central divide lies in reconciling the ethical standards embedded in the bill, which remain sensitive for both parties and have become a major factor in delaying progress.
Both industry leaders and government representatives continue to search for wording that could secure bipartisan agreement. President Donald Trump has characterized the legislation as bipartisan and pressed Congress to approve it. Despite these calls, the specific compromise necessary to resolve outstanding concerns has not yet been agreed upon, and there is no immediate prospect of a fully negotiated deal.
Market impact and corporate positioningThe ongoing negotiations reflect a shift in the regulatory discussion: instead of arguments over the classification of digital tokens or market surveillance, the focus is now on political negotiation and legislative strategy. For large, U.S.-based crypto firms, a tangible path toward passing a market-structure law is seen as more significant than continued public advocacy on regulatory clarity.
Coinbase, a leading U.S. cryptocurrency exchange, has frequently argued that without dedicated regulations, businesses face unclear standards around enforcement and registration. Ripple, which operates the enterprise-focused payments network and is closely associated with the XRP token, has become a vocal participant in the policy debate. The company maintains that regulatory outcomes have a direct effect on both its core business and the broader digital asset industry.
Brad Garlinghouse has recently pointed out that nearly 67 million Americans hold crypto, demonstrating the growing mainstream importance of digital assets. This broadening user base is adding pressure for a resolution, but has not led to immediate political consensus regarding the bill’s ethics provisions.
The active engagement of major crypto companies with federal officials suggests growing momentum, rather than a guaranteed outcome for the CLARITY Act. A workable ethics compromise is seen as critical to reviving legislation considered crucial for increased institutional investment in U.S. crypto markets.
A renewed deadlock risks extending the policy ambiguity that has long influenced U.S. crypto company strategies and asset valuations, highlighting the industry’s reliance on developments in federal lawmaking.
The CLARITY Act continues to serve as a bellwether for institutional confidence in the regulatory landscape. Its fate may ultimately rest on whether lawmakers can reach a consensus on ethics, rather than technical concerns tied to digital asset oversight.
Mini dictionary: CLARITY Act, a proposed U.S. federal legislative measure seeking to define regulatory standards and responsibilities for the cryptocurrency and digital asset markets, with the aim of providing legal certainty for 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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
What if XRP’s biggest test right now is happening at $1, even as Ripple lands a major Korean banking deal? XRP slipped to $0.98, its lowest level, just as Ripple announced that Jeonbuk Bank had become the first regional bank in South Korea to deploy Ripple Payments for cross-border business transfers. The deal is Ripple’s third major Korean partnership of 2026, with the service designed to settle transfers in seconds or minutes rather than the days traditional systems can take. Yet the partnership does not confirm that XRP itself will be used for those payments, leaving traders watching closely as XRP attempts to reclaim the $1 level.
That disconnect between major adoption news and XRP’s price action raises a bigger question: where could traders look when established crypto narratives refuse to move as expected? Hyperliquid (HYPE) offers another fast-developing story, while Apeing is approaching the market from an earlier stage through its whitelist. For investors searching for an upcoming crypto presale, Apeing brings a fresh meme-coin narrative into the conversation as traders look beyond established names for the next project capable of attracting serious attention.
Early Access, Real Utility: Secure Your Spot on the Apeing Whitelist Before the Presale Hits Table of Contents
What if the next meme coin getting your attention is built to be more than just a meme? Apeing is a project created by a team of true degens, combining culture, energy, community, engagement, and utility into one brand. With the community at its core, Apeing aims to make its utility both useful and entertaining, while putting security first through audits. As the upcoming crypto presale draws closer, its current whitelist stage gives you a chance to get in early on the information flow before the wider crowd arrives.
The timing makes the whitelist especially worth watching. Apeing emphasizes clear communication through official announcements, while whitelist members can receive email updates and instructions for accessing the upcoming crypto presale. If you have been waiting for a project before the presale window opens, this is the stage to pay attention to. The whitelist is moving toward its closing phase, so joining now could put you ahead of the scramble for information once the upcoming crypto presale officially begins.
Apeing Presale Breakdown: Stage 1 Pricing, Allocation Limits, and Whitelist Entry Join the whitelist today to get a front-row seat on the upcoming presale. Stage 1 of the upcoming Apeing presale is presented as the earliest whitelist phase, with limited tokens intended for that stage. The stated Stage 1 price for the upcoming crypto presale is $0.0001, while the stated listing price is $0.01. Claims about returns are not included here, so the focus remains on the access and timing of the current whitelist opportunity.
How to Join the Apeing Whitelist To get started, go to the official Apeing website and find the whitelist section. Enter your email address, submit the request, and look for confirmation in your inbox. Whitelist members can then receive updates and straightforward instructions for accessing the upcoming official presale when it goes live. This simple process gives you a way to stay prepared without waiting for the upcoming crypto presale to begin.
XRP Clears $1 With a 5.77% Surge: The Level That Could Decide Its Next Big Move XRP has pushed to $1.05 after gaining 5.77% in 24 hours, with its market cap reaching $66.34 billion and daily volume exploding 92.91% to $1.76 billion. That move is especially significant because analyst Zach Rector has identified the $1 area as a critical psychological level where XRP could experience a major price swing. He has pointed to rising futures open interest and leverage as signs that traders are positioning for a larger move around this key threshold.
Now that XRP has reclaimed and moved above $1, attention shifts toward whether the breakout can develop further. Rector has identified $1.20 as an important level for stronger upside momentum, with the $1.60 to $1.70 region potentially confirming a more convincing bullish phase. The combination of a 5.77% daily rally and nearly $1.8 billion in volume gives XRP considerably more market activity behind the move, making its next reaction around these levels one of the most interesting developments to watch.
5.79% HYPE Rally Meets 50x Perps: Hyperliquid Just Got a Much Bigger Distribution Channel HYPE has jumped 5.79% to $61.81, lifting Hyperliquid’s market cap to $15.6 billion as daily trading volume climbs 61.88% to $397.7 million. The timing is notable because Coinbase is bringing Hyperliquid-powered perpetual futures directly into its Base App, giving eligible users access to more than 290 perpetual markets with leverage of up to 50x.
That integration could put Hyperliquid’s trading infrastructure in front of a dramatically broader user base without requiring traders to leave the Coinbase ecosystem. For HYPE, the bigger opportunity is the potential increase in visibility and activity around the protocol as derivatives become easier to access through a mainstream crypto app. With the token already sitting at a $15.6 billion market cap and nearly $400 million in daily volume, the Coinbase connection gives the latest rally a powerful adoption angle.
Apeing’s Next Move Is Near: Get Ready Before the Upcoming Presale Hyperliquid, XRP, and Apeing each bring a distinct identity to the crypto market. Hyperliquid focuses on decentralized trading, XRP remains a major established digital asset with a payments-oriented use case, and Apeing is building around meme culture, community engagement, entertainment, and utility. If you are researching the best altcoins to buy, following different project types can help you understand where current crypto activity is heading, including the upcoming crypto presale category.
Apeing is currently in its whitelist stage, with its upcoming official presale expected to arrive within the coming weeks, subject to official confirmation. If you are interested in participating, joining the whitelist now can help you receive important updates and instructions before the upcoming crypto presale goes live. Keep up with official announcements, stay prepared, and consider joining the whitelist while this early access window remains open.
For More Information: Website: Visit the Official Apeing Website
Telegram: Join the Apeing Telegram Channel
Twitter: Follow Apeing ON X (Formerly Twitter)
FAQs About the Upcoming Crypto Presale Is Apeing a new crypto project? Yes. Apeing is a meme coin brand focused on culture, community, engagement, entertainment, and useful utility. It is currently in its whitelist stage.
How can I join the Apeing whitelist? Visit the official Apeing website, enter your email through the whitelist section, and confirm your signup through email to receive future updates.
When is Apeing’s upcoming crypto presale expected? The upcoming crypto presale could begin within the coming weeks, with the first week of September rumored as a possible timeframe, subject to official confirmation.
Is the best altcoins to buy search limited to established projects? No. Your research can include established assets such as XRP and newer projects preparing for an upcoming crypto presale, depending on what you want to study.
Why join the Apeing whitelist before the upcoming crypto presale? Joining early can help you receive official updates and instructions before the upcoming crypto presale begins, helping you stay prepared during the transition from whitelist to presale.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
According to official announcements, OKX has upgraded its RLUSD rewards program. Eligible VIP users will earn a 10% APR on their first 10,000 RLUSD holdings, an increase from the previous program’s cap of 2,000 RLUSD. Balances exceeding 10,000 RLUSD will accrue rewards at a 4.2% APR, while regular users continue to enjoy a 3.5% APR. Notably, users do not need to subscribe, redeem, or lock RLUSD to automatically earn rewards, and may choose to receive payouts in either RLUSD or XRP.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are extending their rallies as bullish momentum strengthens and continue to cheer the US Treasury’s decision to double its debt buyback operations. BTC has climbed nearly 20%, ETH over 25% and XRP nearly 30% so far this week. With momentum indicators and key technical levels pointing to further upside, the focus now shifts to whether BTC can reach $80,000, ETH can reclaim $2,500, and XRP can advance toward $1.50.
Bitcoin price trades at $74,700 on Friday, extending its breakout above the major Exponential Moving Averages (EMAs) and keeping a clear bullish near-term bias. The 50-day, 100-day and 200-day EMAs at $65,286, $66,727 and $71,545 sit well below price, suggesting a firmly supported uptrend after the strong surge in volume accompanying the latest leg higher.
Momentum is stretched, with the Relative Strength Index (RSI) hovering in overbought territory near 83. At the same time, the Moving Average Convergence Divergence (MACD) remains strongly positive, suggesting bullish pressure persists but is increasingly vulnerable to corrective pauses.
On the topside, immediate resistance is located at the horizontal barrier near $80,000, where fresh supply could slow the rally and trigger consolidation.
On the downside, initial support is seen at the 200-day EMA around $71,545, while deeper pullbacks would likely find buyers near the 100-day EMA at $66,737 and the nearby horizontal level at $66,500; below that, the 50-day EMA at $65,286 and the structural floor at $62,300 emerge as secondary layers that would need to hold to preserve the broader bullish structure.
BTC/USDT daily chartEthereum bulls in control of momentumEthereum price trades at $2,354 on Friday, extending its advance well above the key EMAs, which reinforces a bullish near-term bias. The 50-day EMA, 100-day EMA and 200-day EMA clustered between roughly $1,920 and $2,130 sit comfortably below the market, highlighting a constructive trend structure, while price now approaches the horizontal barrier at $2,500.
Momentum is stretched, with the RSI around 85 in overbought territory and the MACD holding firmly in positive ground, suggesting strong but potentially overextended upside pressure.
On the topside, initial resistance is located at the psychological $2,500 level, followed by a higher horizontal cap at $3,000, where buying interest could start to fade.
On the downside, immediate demand is at the recent price area, with stronger support at the 200-day EMA at $2,128 ahead of the $2,000 level. At the same time, deeper corrective moves would target the 100-day EMA near $1,941 and the 50-day EMA around $1,920.
ETH/USDT daily chartXRP surges nearly 30%XRP price trades at $1.284 on Friday, up nearly 30% so far this week. XRP is retaining a constructive near-term tone as it holds above the 50-day and 100-day EMAs at $1.091 and $1.159, respectively, while still capped beneath the 200-day EMA at $1.344.
The RSI at 78 signals overbought conditions, and the MACD is in positive territory with a strong bullish profile, suggesting robust upside momentum but vulnerability to a corrective pullback if buyers lose conviction near overhead levels.
On the topside, immediate resistance sits at the horizontal barrier around $1.300, ahead of the 200-day EMA at $1.344, with a higher resistance zone near $1.900.
On the downside, initial support is located at the 100-day EMA at $1.159, followed by the 50-day EMA at $1.091, while a more distant structural floor sits at the horizontal support region near $1.000.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
XRP (CRYPTO: XRP) has spiked from $1 to a high of $1.32 on Thursday, propelled by rising XRP Ledger transaction activity and aggressive whale accumulation following Bitcoin‘s (CRYPTO: BTC) rally to $72,000.
XRP Rallies but What’s Next for XRP ETFs?One pseudonymous market commentator noted that the surge is XRP’s biggest 48-hour gain since March 2025, making the altcoin the top gainer on the crypto table over the past 24 hours.
However, U.S. spot XRP exchange-traded products absorbed just 14.8% of the increase in circulating XRP supply during the first half of 2026. They were net sellers during two of the six months.
May offered a more encouraging signal, with ETP demand absorbing more than half of newly circulating supply, 21Shares noted in its H1 2026 Earnings report.
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At the current annualized pace of roughly $588 million, TP demand covers only about one-seventh of annual net XRP supply.
The report pointed out that XRP is at a "genuine transition point" and the curiosity remains if the assembled infrastructure will generate the collateral demand and DeFi activity needed to close the gap between falling fee revenue and stable user activity.
Metrics Flash Conflicting SignalsXRP Ledger settled $159.9 billion in transaction volume during the first half of 2026, but revenue dropped 81.6% year-over-year to $1.18 million from $6.43 million.
Much of the decline came from areas outside ordinary transfers. Only about 10.6% of the ledger’s reported H1 revenue benefited XRP holders through token burns.
While revenue contracted, the XRP Ledger’s stablecoin base expanded 1,131% year-over-year.
Ripple’s RLUSD stablecoin reached $1.56 billion in total supply as of June 30, with 52% residing on XRPL, compared with roughly 10% a year earlier.
That expansion could provide liquidity infrastructure for two areas central to XRPL’s institutional ambitions, decentralized finance and tokenized real-world assets.
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XRP Price Prediction: Can Ripple Extend Its Biggest Rally Since 2020? Altcoin News presales
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XRP price trades at $1.18 as of this writing, up 18% on the day in a follow-through move that’s keeping the “biggest rally prediction since 2020” narrative alive. But there’s a catch most headlines are skipping over, and it involves where the smart money actually went.
The token jumped 10% on August 19, beating Bitcoin’s 7% gain and finishing third among the eight largest coins during a record-wide short squeeze. Based on XRP’s 180-day correlation with Bitcoin, the move should have produced 6.57% upside, but it delivered 3.83 points more than that. It is a real outperformance, not just a beta ride.
However, spot ETF flows tell a different story: Bitcoin funds pulled in $517 million that day, nearly triple the prior pace, while XRP’s institutional pipes stayed comparatively quiet.
This gap in retail momentum without matching institutional confirmation sets up the next question. Can the chart hold what the squeeze built?
Discover: The Best Token Presales
XRP Price Prediction: Hit $1.30 This Week?At $1.18 and rising nearly 20% in 24 hours, XRP sits just above the $1.10–$1.12 resistance band that’s capped multiple rallies since early August, per recent technical coverage. Volume above $3–4 billion daily suggests the move has real participation behind it, not thin-book noise.
The 200-day moving average near $1.28 is the next real test, and clearing it decisively would open room toward the $1.29–$1.45 zone analysts have flagged as the next demand shelf.
In a good scenario, a confirmed break above $1.20 extends the squeeze toward $1.30–$1.45. A consolidation between $1.00 and $1.20 continues while ETF flows catch up.
However, a rejection at resistance sends price back toward the $1.00 floor that’s held all year, and a break below that invalidates the entire rally thesis. This is worth watching before chasing this candle.
Trade XRP Market on Kalshi and Get a $25 Signing-up Bonus
Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key LevelsXRP bulls have earned some validation here; an 18% daily pop and a rare win against Bitcoin is nothing to dismiss. But at a $68 billion-plus market cap, XRP’s percentage upside from here is mathematically constrained even in a strong breakout scenario.
That’s the trade-off of buying an asset this size: the squeeze gets headlines, the multiples don’t move like they used to. Capital chasing outsized returns is increasingly rotating toward earlier-stage infrastructure plays instead, and Bitcoin Hyper ($HYPER) is drawing that attention as the first Bitcoin Layer 2 with native SVM integration.
The presale has raised $33 million at a current token price of $0.0136849, with staking rewards available at launch with a huge 35% APY reward. The pitch: Solana-speed execution secured by Bitcoin’s base layer, via a decentralized canonical bridge, is solving the slow, expensive, non-programmable problems that have limited BTC’s utility for years.
Research Bitcoin Hyper before deciding whether that risk fits the portfolio.
Discover: The Best Crypto to Diversify Your Portfolio
Clearpool has announced a partnership with Ripple and Cicada Credit to develop an institutional lending platform on the XRP Ledger. This collaboration aims to enhance the utility of the XRP Ledger by integrating Clearpool’s decentralized lending protocol with Ripple’s blockchain technology. Cicada Credit, known for its focus on credit solutions, joins the effort to create a comprehensive lending environment for institutional clients. While Clearpool’s existing lending products are already in use, the new platform will leverage proposed amendments to the XRP Ledger that are still awaiting validator approval.
Key Takeaways The partnership between Clearpool, Ripple, and Cicada Credit suggests a significant development in institutional lending on the XRP Ledger. Market pricing appears supportive of scenarios where this collaboration enhances XRP’s utility, potentially influencing XRP price expectations. Despite positive developments, the lending protocol on the XRP Ledger remains in the proposal stage, indicating ongoing regulatory and technical hurdles. What to Watch Market participants will be monitoring the approval process for Ripple’s lending amendments XLS-65 and XLS-66, which are crucial for the platform’s full activation. Any regulatory breakthroughs or major institutional partnerships announced by Ripple could further impact XRP price expectations. Observers will also watch for broader crypto market trends that could influence XRP’s performance and its likelihood of reaching $3.00 in August 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.2% — — View market → September 1 2026 18.2% — — View market → September 1 2026 0.5% — — View market → September 1 2026 1.1% — — View market → September 1 2026 99.9% — — View market → September 1 2026 0.8% — — View market → September 1 2026 0.1% — — View market →
Three Firms Unite to Build Institutional Credit on XRPL@Ripple, @ClearpoolFin, and @CicadaCredit have teamed up to launch an institutional lending framework on the $XRP Ledger, marking one of the most concrete deployments of the network's new native credit infrastructure to date.
The partnership uses two protocol-level specifications that Ripple has been developing for the XRP Ledger.
The central credit currency in this arrangement is $RLUSD, Ripple's stablecoin regulated by the New York Department of Financial Services (NYDFS).
Real Working Capital Over Circular DeFi YieldsThe model is deliberately structured around how regulated institutions already operate, rather than mimicking permissionless DeFi protocols.
That stands in contrast to automated liquidation logic found in permissionless protocols.
The Ripple-led framework addresses this by fixing lending mechanics at the network's base layer.
The practical aim is to direct capital toward real working capital needs for fintech companies globally, rather than recycling yields within closed DeFi loops.
Sources:
Ripple Insights: The XRPL Lending Protocol
CoinDesk: Ripple Wants Institutions to Borrow Against Tokenized Assets on XRPL
Crypto.news: XRP Ledger Lending Amendments Gain Ripple's Backing
Ripple, Clearpool and Cicada Partners are working to bring institutional credit onto the XRP Ledger, combining RLUSD-based lending with credit underwriting and blockchain infrastructure built for regulated financial firms.
Clearpool Builds Institutional Credit Infrastructure on XRPL Clearpool will build the lending infrastructure using its Lending Protocol and Single Asset Vault architecture. The platform has processed more than $930 million in institutional loans since 2021. Its structure allows independent credit managers to create separate lending markets while setting their own risk terms.
Cicada Partners will manage the credit side of the platform, including loan origination and servicing. The firm brings more than $860 million in credit underwriting experience. Cicada will also assess borrowers, establish loan terms and monitor credit conditions after loans are issued.
The partners are targeting real-world lending at a time when much of decentralized finance remains tied to crypto trading. They estimate about 98% of DeFi yield comes from activities such as arbitrage, basis trades, looping, points and liquidity mining.
Ripple Brings RLUSD and Capital to Lending Model Ripple will participate as a limited partner alongside other institutional investors, without serving as a special backstop. Capital from the fund will target fintech companies, payment providers and crypto businesses that use stablecoins to meet working capital needs.
RLUSD, Ripple’s dollar-backed stablecoin, will serve as the underlying credit asset. Meanwhile, XRP Ledger features such as Permissioned Domains, Credentials and Clawback can provide controls over participant eligibility and asset management.
Ripple has also expanded its institutional finance operations elsewhere. Ripple Prime recently closed an upsized $275 million private placement of senior unsecured notes to support its U.S. business. The capital will support operations across clearing, financing and prime brokerage services.
XRPL Amendments Remain Subject to Validator Approval Clearpool is developing and testing the lending integration on XRPL Devnet. A technical demonstration is planned to cover the full lending process, including pool creation, borrowing and repayment.
However, the Lending Protocol and Single Asset Vault amendments still require community approval before activation. XRPL amendments generally need support from at least 80% of trusted validators for two consecutive weeks before they can take effect.
Separately, Ripple has backed the fixCleanup3.3.0 amendment ahead of the planned xrpld 3.3.0 software release. Early voting data showed eight of 35 Unique Node List validators supporting the proposal, below the required 28 votes.
XRP traded around $1.16 after gaining 15.04% over 24 hours, while trading volume rose 392.81% to $4.22 billion.
For institutions looking to reconcile privacy with strict regulatory oversight, the adoption of institutional ZK applications represents another key milestone in securing compliant DeFi workflows.
Ripple has partnered with Clearpool and Cicada Partners to bring institutional lending to the XRP Ledger, using native blockchain infrastructure rather than third-party smart contracts to connect real-world borrowers with onchain capital.
Three Firms, Three RolesThe structure splits responsibilities across the three companies. Clearpool is building the credit infrastructure layer on XRPL, drawing on the XRP Ledger’s native Lending Protocol and Single Asset Vault features. The company states it has facilitated more than $930 million in institutional loans since 2021, though this figure comes from Clearpool itself and has not been independently verified.
Cicada Partners is handling credit origination and servicing, acting as both fund manager and underwriter. The firm says it has underwritten more than $860 million to date, a figure also sourced from the company’s own disclosure. Cicada’s role includes sourcing borrowers, setting loan terms, and monitoring their financial health.
Ripple is participating as a limited partner in the credit fund, investing capital on equal terms with other institutional co-investors rather than acting as a guarantor or backstop.
How the Lending WorksLoans are denominated in RLUSD, Ripple’s stablecoin, which is regulated by the New York State Department of Financial Services and custodied by BNY. Borrowers are described as fintech and payment companies using the funds for working capital needs. XRP is used to settle the underlying lending transactions, including fees and reserves.
The companies frame this as a departure from typical decentralized finance yield sources, which they say are often generated through internal trading mechanics rather than external lending activity. That framing reflects the companies’ own characterization of the market and has not been independently assessed.
Still in DevelopmentThe Lending Protocol and Single Asset Vault features are currently going through XRPL’s community governance process and have not yet launched on the network’s mainnet. Clearpool says it is testing the integration on a developer network, with a technical demonstration expected to follow.
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Ripple's entry into the global private credit market, valued at more than $10 billion, will begin with a major upgrade to XRP Ledger (XRPL). RippleX developers have announced the addition of an institutional lending feature in partnership with Clearpool Finance and Cicada Partners.
While 98% of yield in the DeFi industry is generated through the speculative circulation of loans within the crypto market itself, this initiative offers lending to real-world businesses — fintech and payment companies that need working capital.
Through this solution, the partners plan to attract a portion of the capital from the tokenized private credit sector to the network.
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For XRP holders, the value of the upgrade lies in the growth of network activity and token utility. Borrowers will take out loans in the new regulated stablecoin RLUSD, protected by NYDFS oversight and custody at the Bank of New York.
Mechanics of the RLUSD Flywheel on XRP Ledger. Source: RippleX, Cicada, and Clearpool via X.comAt the same time, all operations within the lending system — including the creation of pools, loan issuance, and repayments — will technically take place on XRPL. This means that every transaction requires the use of the native XRP token to pay network fees and maintain mandatory wallet reserves, directly expanding the coin's practical use within the ecosystem.
From a security perspective, the developers have rejected the use of vulnerable third-party smart contracts. The lending logic will be integrated directly into the blockchain's base protocol through the native XLS-65 (Single Asset Vaults) and XLS-66 (Lending Protocol) amendments.
Protection through code: How investors will be protected and when the network will launchRipple itself participates in the lending fund as a regular investor, with the same rights and risks as third-party institutions on a "pari passu" basis, rather than acting as a financial guarantor. To protect institutional capital, the code includes compliance tools such as digital participant identities and the Clawback function for the forced return of funds.
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Clearpool is currently testing end-to-end user scenarios on Devnet. The platform's final deployment on Mainnet depends entirely on the outcome of decentralized voting: independent XRPL validators must approve and activate the XLS-65 and XLS-66 amendments.
Ripple is preparing to introduce institutional lending to the XRP Ledger (XRPL), targeting the $10 billion tokenized private credit market through a collaboration with Clearpool Finance and Cicada Partners. The new system aims to provide real-world businesses direct access to working capital in regulated lending markets.
Native infrastructure for lending on XRPLThe initiative distinguishes itself from traditional DeFi platforms, which mainly circulate funds within crypto markets, by specifically addressing the needs of fintech and payments companies. Businesses will be able to borrow RLUSD, Ripple’s regulated stablecoin, while all lending transactions will be processed directly on the XRPL blockchain.
RippleX, the technology arm of Ripple, is leading the development of the lending feature, utilizing the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol amendments. This technical framework embeds the lending functions within XRPL’s core protocol, eliminating dependence on third-party smart contracts.
All loan operations, including pool management, issuance, repayments, and compliance, will be executed natively on XRPL. Notably, every transaction on the network will require XRP for fees and wallet reserves, an architectural choice that could expand the token’s operational utility as the lending ecosystem grows.
Lending pools, issuance, and repayments are integrated into XRPL, with each process requiring XRP for network fees and reserves. This ensures a direct role for the token as lending activity increases.
RLUSD stablecoin anchors institutional lendingThe integrated lending system will leverage RLUSD, a stablecoin issued by Ripple under the oversight of the New York Department of Financial Services. Bank of New York will provide custody services, and borrowers will use RLUSD as working capital within the regulated institutional market.
Ripple intends to co-invest in the lending fund under the same terms as other institutions, meaning the company will neither guarantee returns nor provide special treatment. All parties will hold equal rights and face the same risks.
Amid these technical developments, financial markets continue to experience a shift from established brokerage channels to decentralized platforms. Wall Street is adopting Web3 by enabling investors to access shares of major U.S. companies, gold, and silver directly from their crypto wallets. Platforms such as 1stepSwap accomplish this by tokenizing real-world assets and using algorithms that identify the best available prices within seconds, effectively removing all intermediaries.
Mainnet launch awaits community voteTo address compliance requirements, developers have incorporated digital identity verification and a Clawback mechanism, allowing the return of funds under predetermined conditions. These additions cater specifically to institutional participants seeking increased security and regulatory alignment.
Clearpool is currently testing the lending application on the XRPL Devnet, simulating end-to-end lending processes. The official launch on Mainnet will depend on a network-wide validator vote to activate the XLS-65 and XLS-66 protocol amendments. Approval is required from independent validators through the amendment process before the lending features can go live.
Institutional compliance tools, such as digital participant identification and the Clawback feature, are integrated to meet regulatory standards during the lending 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.
20 August 2026 | 19:15 XRP gained roughly 16% over 24 hours and 24% on the week, ripping the token out of the $1 basement and slamming it directly into its first major technical wall. Trading around $1.25 after peaking at $1.26 during the session, the asset has punched back above a crucial floor, but the hard work starts right here.
Key Takeaways The next overhead hurdle stretches from the 0.5 Fib at $1.267 to the 200-day SMA at $1.276. CoinGlass metrics reveal that aggressive futures buying outpaced spot demand during the rally, placing a premium on defending $1.201 on any daily close. U.S. spot XRP ETFs logged $2.35 million in net inflows during the prior trading session. XRP daily price chart illustrating an explosive breakout and surge past key moving averages and Fibonacci levels on August 20, 2026. $1.2 is the close that could change the chart Drawn from XRP’s $0.98 swing low to its $1.54 high, these Fibonacci levels carve the recent pullback into actionable zones. They aren’t crystal balls; their utility lies in marking the exact boundaries where a relief rally either builds a foundation or rolls over.
Snapping back above the 0.382 retracement at $1.2 is a win, but a daily close above that marker matters far more than an intraday flash through it. If buyers can cement a close over $1.2, that line transforms from a former ceiling into a possible safety net during pullbacks.
Slip back below it, and the breakout loses its teeth. XRP drifts back into the lower half of the range, looking less like a confirmed trend reversal and more like a violent dead-cat bounce off parity.
The next barrier is a zone, not one price $1.267 and $1.276 form the immediate blockade The 0.5 Fibonacci retracement rests at $1.267, sitting right on top of the 200-day SMA at $1.276. That heavy convergence gives the $1.27 neighborhood immense technical gravity.
The 200-day SMA averages out the past 200 daily closes, serving as the ultimate litmus test for the macro trend. A recovery that stalls out underneath it hasn’t actually fixed the broader downtrend. XRP doesn’t need to obliterate this hurdle in a single green candle, but bulls must prove sellers can’t continuously hammer the price back down.
Above it, $1.33 waits in the wings Clear the $1.267-$1.276 barrier on a daily close, and the 0.618 Fibonacci level at $1.33 comes into view. That’s simply the next logical destination on the map, it only matters if buyers first secure acceptance above the 0.5 Fib.
Looking downward, the first line of defense is $1.2. Lose that, and the chart pivots to the 100-day SMA at $1.15, followed by the 0.236 retracement at $1.118. Deeper down, the 50-day SMA sits at $1.07, with August’s low near $0.98 acting as the ultimate line in the sand for the recovery.
Futures drove the bus, but spot needs to take the wheel Peering under the hood of the order flow explains why traders are exercising caution near resistance. CoinGlass figures logged $20.30 million in positive XRP futures net flow over 24 hours, while spot markets ran a net negative of $2.56 million. During the peak 12-hour acceleration window, derivatives trading went into hyperdrive with $58.69 million in net inflows, compared to a modest $10.11 million positive spot reading.
That divergence matters. This wasn’t a slow, organic accumulation by cash buyers; it was a high-octane derivative push. While aggressive leverage can trigger powerful short squeezes, it also leaves the market vulnerable if leveraged longs capitulate right at major resistance.
CoinGlass tracks trade direction via market orders snapping up asks or hits on bids, it doesn’t differentiate between fresh longs or short covers. Even so, the message is clear: the urgency came from the futures pit.
The silver lining was the positive spot activity during the strongest 12-hour stretch. For this recovery to shake off its leverage-heavy reputation, spot buyers need to show up in force while XRP tests the $1.27 region.
ETF flows add a quieter source of demand U.S. spot XRP ETFs chipped in $2.35 million in net inflows during the August 19 session, according to SoSoValue data. Bitwise led the pack with $1.19 million, followed by Franklin at $1.16 million.
While small change compared to derivatives volume, the distinction is vital. ETF purchases represent organic cash allocations via regulated wrappers. You can’t mash ETF tallies directly into CoinGlass order books, but consistent institutional inflows give the token structural ballast that pure derivatives hype simply can’t match.
What bulls must defend, and what sellers want to reclaim Bulls need a daily close above $1.2: Holding the 0.382 Fib keeps the rebound structurally intact. Bulls need acceptance above $1.27: A fleeting wick past the 0.5 Fib or 200-day SMA doesn’t cut it, the market needs a confirmed close followed by a successful retest. Sellers need XRP back below $1.201: Dragging the price under that floor drags $1.15 and $1.11 back into play. Spot demand is the ultimate litmus test: Leverage can punch through resistance, but spot accumulation is what makes prices stick. XRP’s bounce off the $1 floor is impressive, but the easy part is over. Now comes the real test: turning raw momentum into structural acceptance, starting with a daily close over $1.201 and a clean break of the $1.27 resistance cluster.
The article is provided for informational purposes only and does not constitute investment advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
XRP experienced a notable rally on Thursday, jumping over 25% to reach $1.245, in a move that mirrors Bitcoin’s breakout past $72,000. The sharp price increase followed several weeks of growing accumulation by large XRP holders, commonly known as whales.
Whale accumulation intensifiesOnchain data from CryptoQuant confirmed that average spot order sizes for XRP have remained in the highest range throughout 2026, reflecting steady accumulation by big players. Crypto analyst Ali noted that, within a 96-hour period, whales acquired 300 million XRP tokens, characterizing the buying activity as “crazy.”
Santiment, an onchain analytics platform, observed a rise in millionaire wallets holding XRP. Over the last three months, the number of wallets holding at least $1 million in XRP increased by 32, underscoring renewed confidence among large holders.
Recent activity demonstrates that whales purchased 300 million XRP tokens within just four days, while millionaire-level XRP wallets have increased by 32 in three months, highlighting sustained interest from major investors.
This sustained whale activity coincided with increased trading momentum. From Wednesday’s low of $0.99, XRP’s price rallied to a peak of $1.245, marking a significant intraday gain. At the time of reporting, XRP had recorded a 22% daily increase to stand at $1.23, fostering optimism in the community.
MetricValueChangePrice (intraday high)$1.245+25%Current price$1.23+22% (24h)XRP open interest (Binance)$461.3 million2-month highMillionaire wallets+32 walletsPast 3 monthsSpike in activity and open interestCryptoQuant also reported that XRP open interest on Binance soared to roughly $461.3 million this week, marking a two-month high and a clear uptick in derivatives trading activity. Increased open interest often signals heightened engagement from both institutional and high-volume retail traders in the derivatives market.
Santiment pointed out that last weekend brought the highest level of XRP network activity seen in more than two months. This surge follows a recent period when network activity neared its lowest point for 2026.
Across both spot and derivatives markets, XRP has seen a strong resurgence in volume and investor participation, with metrics returning to levels not observed since earlier in the year.
Institutional-grade credit debuts on XRPLMomentum for XRP was further boosted by the introduction of institutional-grade credit to the XRP Ledger (XRPL). Cicada Partners announced the launch of a new credit initiative, leveraging infrastructure provided by Clearpool. This new pipeline is built on the XRPL Lending Protocol and the Single Asset Vault product.
Ripple, the global payments company behind the XRP Ledger, acts as a Liquidity Provider within this new credit fund, supplying capital along with other major institutional investors. The addition of these players aims to bring traditional credit opportunities and borrower pipelines directly to the XRPL ecosystem.
Mini dictionary: Cicada Partners – A financial technology firm specializing in digital credit and lending solutions for institutional markets. Clearpool – A decentralized credit marketplace that enables institutional borrowing and lending using blockchain protocols.
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 has minted another batch of RLUSD as XRP stages a sharp rally, with the token gaining nearly 19% over the past 24 hours and briefly climbing to $1.24.
The latest RLUSD activity comes as Ripple’s stablecoin sees a flurry of new issuance and redemptions.
Ripple mints more RLUSDRipple minted 900,000 RLUSD in a transaction recorded on the XRP Ledger on Aug. 20, according to the transaction data shown by XRPScan.
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The latest issuance followed several larger RLUSD transactions tracked by the Ripple Stablecoin Tracker.
The tracker reported 20 million RLUSD minted at the treasury three hours earlier, while two additional 10 million RLUSD mints were recorded about 11 hours earlier.
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Another 12 million RLUSD was minted roughly 19 hours ago, followed by a 32 million RLUSD issuance about 23 hours ago.
At the same time, RLUSD has also seen substantial burns. The tracker reported 15.4 million RLUSD burned at the treasury about an hour ago, following a 20 million RLUSD burn on Ethereum roughly three hours earlier.
Taken together, the reported activity points to significant turnover in RLUSD supply rather than a simple one-way expansion.
The latest minting and burning transactions show Ripple continuing to actively manage the stablecoin's supply.
XRP price spikes nearly 19%XRP has delivered an even more dramatic move over the same period. The token was trading at around $1.22 at the time of writing, up 18.8% over 24 hours, according to the supplied market data.
XRP climbed from a 24-hour low of about $1.03 to as high as $1.24, marking a move of roughly 20% from the session's bottom. The token was also up 21.2% over seven days, while its 30-day gain stood at 16.5%.
Crypto analyst Xaif recently published a video of Ripple CEO Brad Garlinghouse addressing a live audience at the 2026 Wyoming Blockchain Symposium, a key industry event jointly hosted in Jackson Hole by SALT and the cryptocurrency exchange Kraken. In the clip, Garlinghouse responded to a question about the company’s position on going public, noting a change in attitude that has drawn attention from the XRP investor community.
Ripple’s evolving IPO strategyDuring the session, Garlinghouse acknowledged that Ripple has long operated as a private company. He pointed out that, in the previous year, Ripple had completed $2.5 billion worth of acquisitions without relying on public financing. Additionally, over the past two years, Ripple conducted $3 billion in shareholder tender offers, providing liquidity to early backers.
Garlinghouse’s remarks suggested a shift from Ripple’s historic reluctance toward an IPO. “We have been very happily private for a long time,” he stated, but went on to clarify, “We’re more neutral on the topic than maybe we used to be.” This measured openness suggests that Ripple is no longer categorically opposed to becoming a public company.
Garlinghouse explained that while Ripple remains private, the company’s attitude toward a potential IPO has changed, noting, “We’re more neutral on the topic than maybe we used to be.”
This evolving stance did not go unnoticed by market observers such as Xaif, who highlighted that Ripple’s tone had moved from resistant to neutral, especially following recent acquisitions and major shareholder liquidity events.
Consolidation and growth strategyGarlinghouse emphasized the increasing consolidation across the cryptocurrency industry, as larger firms acquire smaller competitors during cyclical downturns. Drawing from his experience across five separate crypto market cycles, he said that Ripple’s ongoing acquisition activity positions it as a consolidator, strengthening its market presence.
Going public could offer strategic advantages for Ripple, including greater access to capital markets, a higher public profile, and expanded options for future deal-making. The significant financial groundwork laid through multi-billion-dollar acquisitions and tender offers has built a strong foundation for any potential public transition.
Mini dictionary: Shareholder tender offer, a process in which a company offers to buy back shares from existing investors, often to provide liquidity or alter ownership structure.
Potential impact for XRPFor the XRP community, a Ripple IPO would represent a major development. As XRP is used within Ripple’s payment infrastructure, broader transparency and increased institutional participation following a public offering could benefit token holders. Greater visibility and regulatory compliance bolstered by a listing may also strengthen Ripple’s case in financial markets.
The prospect of Ripple accessing public markets could lead to higher institutional access for XRP and augment Ripple’s visibility in the regulated finance sector.
Current position and future outlookRipple’s openness to a potential IPO arrives shortly after the company resolved its long-running legal dispute with the U.S. Securities and Exchange Commission. The firm has continued to expand through strategic acquisitions, further consolidating its position in the digital assets sector.
Garlinghouse’s latest comments do not confirm immediate plans for an IPO, but indicate Ripple’s leadership is reassessing previous resistance to going public. This shift draws considerable interest from both institutional investors and retail participants in the broader cryptocurrency market.
Ripple is a leading blockchain payments firm best known for developing cross-border settlement solutions using its digital asset, XRP.
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 initiated a series of significant RLUSD stablecoin transactions as XRP staged a sharp market rally. Over the past 24 hours, XRP climbed nearly 19%, reaching an intraday peak of $1.24 before settling around $1.22.
XRP surges as RLUSD activity intensifiesRipple minted a fresh batch of 900,000 RLUSD on the XRP Ledger on August 20, according to on-chain data compiled by XRPScan. This latest issuance followed a sequence of larger mints reported by the Ripple Stablecoin Tracker throughout the same day.
Notably, the tracker showed a 20 million RLUSD mint at Ripple’s treasury three hours before the most recent event. Earlier in the day, two further transactions added another 10 million RLUSD each to the supply, occurring approximately 11 hours prior.
Additional RLUSD activity included a 12 million mint recorded 19 hours ago, along with a sizable 32 million RLUSD issuance about 23 hours ago. These transactions added up to a considerable expansion in stablecoin supply in a short time frame.
Significant burns follow high-volume mintsAmid the inflow, Ripple also executed substantial RLUSD burns. The Stablecoin Tracker reported that 15.4 million RLUSD was destroyed at the treasury about an hour prior, while an earlier burn of 20 million RLUSD took place on the Ethereum network approximately three hours before.
Such parallel waves of minting and burning indicate a high velocity of stablecoin turnover rather than sustained net growth. This reflects Ripple’s ongoing strategy of actively calibrating its RLUSD supply in response to market conditions and user demand.
These latest mint and burn actions underscore Ripple’s approach to maintaining RLUSD’s equilibrium by frequently managing both issuance and redemptions across platforms.
XRP extends gains as supply reshufflesMeanwhile, XRP experienced a significant price increase during the same period. The token surged from a 24-hour low of about $1.03 to a high of $1.24, representing a rally of nearly 20% from the session’s lowest point. Over seven days, XRP appreciated by 21.2%, while its 30-day performance climbed 16.5% based on the available market data.
Given the fast-changing nature of the market, efficient monitoring has become critical. In a climate where a single Fed decision or a sudden altcoin listing can dramatically shift prices, investors who rely on multiple separate apps for charting, news feeds, and portfolio data may lose both time and money. Increasingly, savvy traders are choosing privacy-first platforms such as CryptoAppsy, which streamlines real-time tracking, news, and macroeconomic data into a single screen without requiring account registration.
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.
