Cryptocurrency researcher SMQKE has put forward a case for a higher XRP price, highlighting adoption growth and declining supply as central elements influencing future valuation. The argument was detailed in a recent post on X, where SMQKE referred to a video analysis and supporting documents laying out the factors behind the outlook for XRP.
The cross-border payments market and XRP’s potentialThe video begins by examining the overall size of the global cross-border payments market. SMQKE cites research by digital asset firm Delphi Digital, which referenced McKinsey’s estimate of $155 trillion in cross-border transactions globally for 2018, with a projection that the total market size could reach $230 trillion by 2028.
From there, SMQKE draws a connection between this market and XRP’s potential role in international payments. Ripple Labs, the fintech company responsible for developing RippleNet and the XRP Ledger, had previously stated in a corporate paper that increased demand for XRP could follow from widespread adoption of its settlement protocol. Such adoption, according to Ripple, could result in appreciation of XRP’s price.
The future price of XRP will depend on adoption, utility, and scarcity. These three factors serve as the foundation for the projected path to a higher XRP valuation.
The Role of XRP in payment settlementThe video elaborates on the current structure of global payments, emphasizing that SWIFT acts as a messaging network between banks, while RippleNet can serve as an independent settlement layer. SMQKE asserts that XRP can function as a bridge asset between different currencies, facilitating instant settlement during cross-border transactions.
Banks do not necessarily require a formal partnership between SWIFT and Ripple to utilize RippleNet infrastructure. SMQKE points out that established core banking systems such as Temenos, SAP, and CGI are capable of integrating with RippleNet via APIs to process standard payment messages, including the MT-103 format.
Gibraltar Asset Management, an investment firm providing insights on digital assets, has been cited by SMQKE for its report on Ripple Payments. According to the firm, Ripple Payments connects with over 300 banks, payment providers, and financial institutions globally, including Santander, Standard Chartered, and Bank of America.
The video also considers the transaction fee model built into the XRP Ledger. SMQKE explains that every transaction involves a small XRP fee, which is permanently destroyed, reducing the total supply as transaction activity grows.
Mini dictionary: MT-103 – A standardized SWIFT payment message format used internationally for single credit transfers. It is primarily used by banks for cross-border payments.
Fixed supply, token destruction, and network effectsSMQKE highlights the significance of XRP’s maximum supply, which is fixed at 100 billion tokens. The XRP Ledger protocol prevents the creation of additional XRP, making every token destroyed by transaction fees permanently unrecoverable and reducing the circulating supply over time.
Citing an academic analysis of Ripple and SWIFT, SMQKE notes that this token destruction mechanism, combined with expanding demand for the XRP network, could gradually shrink supply. Greater usage translates into more frequent fee burning, potentially exerting upward pressure on price.
Gibraltar Asset Management’s research adds that increased use of XRP in payments creates a growing transactional demand. SMQKE references comments by Zagari, who argued that a rising network effect—where more participants drive even more adoption—could further support XRP’s market price.
Regulatory clarity and the US marketAddressing past regulatory headwinds, SMQKE discusses the period of uncertainty in the United States that affected XRP’s price and exchange support. According to Gibraltar Asset Management’s assessment, Ripple’s resolution with the US Securities and Exchange Commission in 2025 removed a significant barrier that previously deterred some market activity.
The overall argument concludes by reiterating that while adoption and transactional usage may increase demand, the permanent removal of XRP through transaction fees gradually tightens supply. Together, these dynamics could influence the token’s price trajectory should adoption and network activity continue to expand.
XRP (CRYPTO: XRP) has fallen 10% over the past week as analysts point to historically oversold conditions.
Yet, on-chain data points to a growing divergence between RLUSD (CRYPTO: RLUSD) adoption and the altcoin’s price performance.
Ripple’s recent developments point to growing stablecoin adoption pushing its stablecoin RLUSD to nearly $2.5 billion in market capitalization.
Santiment Intelligence sees the nearly $2.5 billion in market capitalization for RLUSD as a sign of the stablecoin’s expanding use in payments, settlement and growing institutional adoption:
Standard Chartered launched institutional custody for RLUSD on the XRP Ledger through its Dubai branch, allowing eligible institutional clients to hold the stablecoin within regulated banking infrastructure. Ripple, Circle and Standard Chartered’s venture arm, SC Ventures, participated in an OKX investment round valuing the exchange at $25 billion before the investment. Ripple’s earlier $150 million financing commitment to LMAX was aimed at expanding RLUSD’s utility across institutional crypto markets. Will RLUSD Growth Boost XRP’s Value?RLUSD’s growth does not directly increase XRP’s value, as the two serve different purposes, Santiment cautioned.
Greater institutional adoption of RLUSD on the XRP Ledger could indirectly benefit XRP through increased network activity, deeper liquidity and broader ecosystem adoption.
The stronger long-term bullish case rests on expanding network utility and XRP’s potential role as a bridge asset rather than RLUSD’s market cap growth alone.
Despite its recent decline, XRP continues to hold long-term rising support, potentially setting the stage for a recovery.
Crypto trader Cryptollica highlighted XRP’s monthly RSI hitting a 13-year low, deeply negative realized profits and declining unrealized gains as signs of extreme market stress.
The analyst says oversold conditions and prolonged price compression could fuel a strong rebound, although an immediate recovery is not guaranteed.
Image: Shutterstock
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XRP, the native digital asset of the XRP Ledger, has shown minimal price action in recent months, but some analysts anticipate a major move. Bitcoin Boy, a well-known cryptocurrency analyst active on social media as @btcbox123, recently shared his bullish outlook for XRP’s future price trend.
Bitcoin Boy published a long-term XRP/USD chart, analyzing over a decade of price data. The chart, which covers the period from 2014 to a projected 2027, tracks the asset’s historical surges and consolidations using a logarithmic scale. He argues that XRP is poised to reach $30 within this timeline.
He addressed skeptics who have criticized his forecast, stating that he has faced constant skepticism yet maintains confidence in his prediction. He wrote, “XRP is gonna hit $30 just like this, so all we can do is wait in anticipation.”
Bitcoin Boy remains steadfast, referencing the extended consolidation in XRP’s price history and predicting, “XRP is gonna hit $30 just like this, so all we can do is wait in anticipation.”
Bitcoin Boy believes that, although he has received negative reactions for his views, historical patterns suggest that significant moves often follow long periods of sideways trading. He highlighted prior cycles as a precedent for his projection.
XRP’s long-term price history and breakout patternsAccording to the chart shared by the analyst, two distinct periods define XRP’s price trajectory. In the first phase, from 2014 through 2017, XRP remained largely stagnant before experiencing a major breakout late in 2017 that propelled it above $3. Some analysts continue to suggest that XRP could see a similar rally cycle in the future.
The second phase, as depicted in Bitcoin Boy’s chart, spans 2018 to 2024, during which XRP traded mainly below a resistance zone between $1.50 and $2.10. In late 2024, the chart indicates a sharp 500% surge, with the previous resistance zone subsequently turning into support.
The analyst points to a rising trendline from 2020 onward, suggesting that the recent pullback toward $1.50–$2.10 could be a setup for another large-scale breakout.
PeriodPrice RangeKey LevelNotable Move2014–2017FlatBelow $0.50Breakout to $3 in 20172018–2024$0.30–$2.10$1.50–$2.10500% surge late 20242025–2027 (Projection)$1.50–$30 (target)Support at $1.50–$2.10Potential breakout to $30The projection for $30 XRPDrawing from the current support zone around $1.50, the analyst estimates that a move to $30 would amount to approximately 1,900% upside. The projected window for this development is between 2025 and 2027, though he has not provided a specific date.
XRP recently tested resistance near $2.10 before a pullback. If the asset can decisively break above this level, the analyst believes it could set the stage for a significant price rally. He emphasized that the shift from resistance to support in this zone would be an important technical milestone.
Bitcoin Boy continues to maintain his bullish stance despite ongoing skepticism. He asserts that the trading structure supports his view of a repeated consolidation and rally pattern that could drive XRP to new highs by 2027.
Mini dictionary: XRP is the digital asset used within the XRP Ledger, an open-source and decentralized blockchain technology developed by Ripple Labs that facilitates fast cross-border payments.
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.
Ripple has partnered with Stripe-owned wallet infrastructure firm Privy to integrate support for the XRP Ledger (XRPL) into Privy’s developer platform. The integration eliminates the need for developers to build their own wallet infrastructure, allowing them to add XRPL wallets to their applications with features including wallet creation and management, transaction signing, plus support for XRP, Ripple’s RLUSD stablecoin, and other assets on the network.
Privy’s developer documentation now lists XRP Ledger support, giving apps a way to create and use XRPL wallets without sending every new customer to separate wallet software first.
Key Takeaways
Privy lists XRP Ledger among the networks supported by its wallet infrastructure.
Apps can connect XRPL wallet creation to their existing login and user-account flow.
XRPL support covers transaction-aware signing and policy controls.
Recovery, approvals and external transfers remain decisions for the app and its wallet setup.
The next evidence will come from consumer apps that use the integration in production.
A user can enter XRPL without starting with a wallet app
Privy’s chain-support documentation lists XRP Ledger as a supported network for wallet creation and transaction signing. Its frontend tools allow developers to connect authentication, user accounts and embedded wallets in the same application flow.
For the user, that can remove several early steps. Someone joining a payment, trading or rewards app may sign in with an email address or another familiar method, then receive an XRPL address within the product itself. Their balance and transaction approvals can stay in the app interface instead of requiring a separate download before the service becomes usable.
That is the practical value of embedded wallets: the blockchain account becomes part of the product experience. Privy, which describes itself as a Stripe company, supplies infrastructure that developers can use to build that experience. The documentation confirms the technical capability, though it does not describe a separate consumer launch or a formal Ripple–Privy commercial agreement.
An embedded wallet turns product design into a control decision
Creating a wallet is only the first part of the relationship between a user and an app. The more consequential decisions concern how the wallet is recovered, how a transaction is approved and whether the user can move funds to another XRPL address without depending on the original service.
Those details vary by implementation. One product may provide a clear path to export credentials or migrate the wallet. Another may centre access on the app’s login and recovery system. A balance can appear in both products, while the user’s practical control over that balance differs substantially.
The user
Approves the action
The customer needs to understand when a transfer requires approval and how access can be recovered after a lost device or login.
The app
Defines the wallet journey
Its developer chooses the login, recovery, transaction-review and support processes surrounding the wallet.
The ledger
Records the signed transaction
XRPL receives a valid transaction, while the product design determines how the user reached the point of signing it.
The same issue appears whenever an account balance is presented through an intermediary. A customer needs to know what rights sit behind the interface, just as buyers of Bitcoin exposure through a listed product and Bitcoin in a wallet receive very different transfer and custody rights despite following the same market.
Privy’s XRPL support has a defined role
Privy categorises XRPL as a Tier 2 network. According to its documentation, that means the infrastructure can decode and sign XRP Ledger transactions. Tier 2 is also the minimum level required for transaction policies because the system needs to read the transaction contents before assessing a rule.
XRPL is not listed in Privy’s Tier 3 group, where Privy constructs, broadcasts and tracks transactions on the developer’s behalf. An app using the XRPL integration can therefore use Privy for wallet creation and transaction-aware signing while retaining responsibility for the surrounding submission, confirmation and support flow.
That division helps explain what the integration changes for developers. It can reduce the work involved in putting an XRPL wallet behind a familiar sign-in experience, but it does not remove the need to design a clear route from a user’s payment request to a completed ledger transaction.
Wallet policy and XRPL account permissions serve different jobs
Wallet software can guide how an app asks for approval or reviews a transaction. XRPL itself can also divide authority between accounts. The two layers can work together, although they solve separate parts of the security problem.
For example, XRPL’s PermissionDelegationV1_1 feature allows a business to assign limited actions to separate accounts while keeping its primary credentials under tighter control. That structure can separate compliance and operational duties, but it does not decide how a customer recovers a wallet or whether an app presents a transfer clearly before it is signed.
Developers therefore need to make the boundary visible. A policy may help prevent an unwanted transaction from moving forward, while the ledger’s permissions decide which account can carry out an allowed action. Neither substitute replaces a user understanding who has authority over the funds.
The real test is whether users stay after the first wallet appears
Embedded-wallet support can make XRPL more accessible to product teams building payments, rewards, trading or issued-asset services. It does not establish that those products already have users, that users will keep balances on the network or that the integration creates direct demand for XRP.
More meaningful evidence would come from named apps deploying the feature, repeat active wallets, successful payment flows and clear support for users who need to recover or transfer their accounts. Those results would show whether the integration has become part of a working consumer product rather than remaining a developer option.
Five questions before funding an in-app XRPL wallet
How is access recovered?
Check what happens if the phone, login method or authentication device is lost.
Who participates in signing?
The app should explain the approval process and any provider or policy role around a transaction.
Can assets leave the app?
Confirm that XRP and other supported XRPL assets can be sent to an external address under clear conditions.
Can wallet credentials be exported or migrated?
A user should know whether they can continue using the wallet outside the original application.
Who provides support when something goes wrong?
Review which party handles failed transfers, account recovery and transaction disputes before funding the wallet.
Convenience only works when control remains clear
Privy’s XRPL support can make wallet setup less visible and less intimidating for first-time users. That matters for apps whose customers want to make a payment or use a service before they want to learn the mechanics of blockchain accounts.
The feature’s lasting value will depend on the controls built around it. A well-designed embedded wallet should make it easy to enter XRPL while leaving users with clear recovery options, understandable signing rules and a practical way to move their funds when they choose.
This article is provided for informational purposes only and does not constitute financial, legal or investment advice. Wallet features, signing methods and custody arrangements vary by application.
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.
S&P Dow Jones Indices has executed its first over-the-counter (OTC) total return swap using the Canton Network, marking a significant step toward digitizing traditional finance (TradFi) infrastructure with blockchain technology. The trade involved moving the swap contract onto a distributed ledger, streamlining processes previously managed manually.
TradFi meets blockchain with Canton NetworkCanton Network, a permissioned blockchain platform designed for institutional finance, aims to become the central infrastructure for traditional capital markets. While Polygon fills this role in the public Web3 sector, Canton is developing closed, configurable channels that allow financial institutions to digitize workflows while keeping operations private and secure.
Unlike public blockchains, Canton Network allows institutions to maintain greater control and privacy by limiting transaction visibility to relevant parties. Its structure enables banks and financial firms to build custom connectivity rails for trading without exposing sensitive information on public networks.
Mini dictionary: Canton Network is a privacy-focused blockchain infrastructure developed for institutional digital asset markets, offering interoperability and secure transaction channels tailored to regulated finance.
The landmark OTC swap was executed between DRW, a major market maker, and finance firm Marex via the Derivnex platform. The contract referenced the iBoxx USD Liquid Investment Grade Index, which was tokenized and distributed to the necessary participants using data provided by analytics firm Kaiko.
Operational efficiency and autonomyBoth counterparties coordinated the derivative’s full lifecycle through a unified blockchain dashboard based on International Swaps and Derivatives Association (ISDA) standards. This eliminated the need for cumbersome manual reconciliation. Future trades may further benefit from on-chain cash settlements and collateral management, as Canton seeks to expand its operational capabilities.
“Uncleared OTC derivatives are a massive market with bespoke, cumbersome workflows. By executing this trade on Derivnex on Canton, Marex and DRW are able to operate off the same immutable record, streamlining workflows,” stated Don Wilson, Founder and CEO of DRW.
The start of S&P’s on-chain activity coincided with the latest update to the Ripple Custody service, which in early October introduced support for the Canton blockchain. Ripple, known for its digital asset infrastructure solutions, provides large banks and financial organizations with custody and settlement capabilities for Canton’s native assets, including the Canton Coin (CC) token and CIP-56 digital securities.
Through Ripple’s “bring your own validator” model, institutions keep their signing keys stored internally and retain full control over their vaults. This integration grants traditional banks direct access to manage positions on Canton without exposing private keys externally.
Market reception and boundariesDespite the technological advancements, many in the retail crypto community have voiced skepticism. Critics focused on Canton’s private, institution-only architecture, arguing that it fails to embody the open and decentralized principles typically associated with blockchain technology.
Although some users have described Canton as “not a real blockchain,” the network has nonetheless become an operational platform for major Wall Street participants, with Ripple acting in a custodial gateway role.
Canton’s relationship with Ripple remains strictly technical. The network operates independently, does not rely on Ripple’s own ecosystem, and neither the XRP token, XRPL ledger, nor the RLUSD stablecoin are used in any part of Canton’s settlement process.
As the debate over decentralization versus security continues, Canton has positioned itself as the blockchain of choice for large-scale TradFi digitization while leveraging Ripple’s custody for added security and efficiency.
XRP ETF demand is holding up, but on-chain activity tells a less encouraging story. By October 12, XRP ETFs had reached $1.55 billion in total net assets, with cumulative net inflows of $1.80 billion, according to SoSoValue. That’s a solid amount of capital sticking around. Yet the blockchain figures isn’t that satisfying, number of active users has plunged from an August peak of 500,000 to fewer than 100,000.
The disconnect raises an awkward question: are investors staying interested while everyday network activity fades?
XRP ETF Inflows Hold Up Despite Cooling ActivityThe ETF data suggest interest in XRP-related investment products remains substantial. Cumulative net inflows have reached $1.80 billion, while total net assets stand at $1.55 billion.
The data from dashboard also suggest that withdrawals haven’t been as severe as those seen in BTC ETFs. Still, ETF capital and network participation measure different things. Strong inflows don’t automatically mean more people are using the network.
XRP Price Faces a Crucial $1.30 Support TestXRP rallied from $1.00 to $1.70 in August before hitting resistance and retreating toward $1.30. Since then, the $1.30 area has been tested repeatedly.
That level now matters. If it continues to hold, the recent price action could be a retest rather than a breakdown. But repeated tests aren’t risk-free; support can weaken when buyers fail to deliver fresh demand.
Can XRP Reclaim $1.50 and $1.70?A recovery depends on more than ETF headlines. Rising demand could show up through improving active-user numbers, stronger XRP ETF inflows, and a firmer token price.
If $1.30 holds and momentum returns, XRP could revisit $1.50 and $1.70, potentially moving higher. Lose that support, however, and $1.00 becomes the next downside level to watch.
For now, XRP ETF inflows remain encouraging, but falling activity is the warning sign. The $1.30 support zone is the key battleground: hold it, and recovery remains possible; lose it, and the market may have to rethink the bullish case.
Story Ends Here
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Cardano (CRYPTO: ADA) dropped 4% while XRP (CRYPTO: XRP) held nearly flat over the past 24 hours as whale selling piles pressure onto ADA ahead of a key support test.
Why Analysts Say Cardano Faces a ‘Big Correction’Widely-followed crypto analyst Ali Martinez posted a thread on X, warning that Cardano whales have been reducing their holdings fast, with large holders offloading more than 110 million ADA over the past five days.
That selling adds pressure right as price approaches a key support level.
Network activity backs up the concern, with daily active addresses falling 41.36% from 27,248 to 15,977, a sign that fewer people are actually using the network even as whales head for the exit.
Martinez also flagged $0.24 as the decisive level to watch. A break below that support inside Cardano’s rising channel would open the door toward the channel’s lower boundary near $0.21.
Why XRP’s Exchange Flows Look More MixedCryptoQuant analyst Amr Taha reported that XRP withdrawals have outpaced deposits across exchanges since late August.
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Binance’s withdrawal share climbed from 52% to 54% between Aug. 26 and Oct. 12, while the share across all exchanges rose from 51% to 52.7% over the same stretch.
More withdrawals than deposits often means traders are moving coins off exchanges into long-term storage rather than gearing up to sell.
Total exchange balances, however, moved in opposite directions depending on the platform:
ExchangeReserve ChangePeriodBinanceDown 101 million XRP (2.705B → 2.604B)Sept. 27 to Oct. 13Upbit + Bithumb (South Korea)Up roughly 90 million XRPSimilar windowCryptoQuant InsightsXRP is leaving Binance at roughly the same pace it’s building up on South Korean exchanges, pointing to demand rotating toward those platforms rather than disappearing from the market altogether.
Where XRP and Cardano Stand TechnicallyXRP trades near $1.37 after breaking below the rising trendline that had supported its triangle pattern.
Key levels for XRP:
$1.38 to $1.40: resistance, with the 20-day EMA at $1.43 capping further upside
$1.34: 100-day EMA, initial support
Cardano trades near $0.234, just above support where the 50-day EMA meets the 0.618 Fibonacci level.
Key levels for ADA:
$0.230 to $0.231: current support zone
$0.219 to $0.213: next targets if that support breaks
Photo via Shutterstock
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Shares of Evernorth Holdings Inc. (XRPN) began official trading on the Nasdaq exchange on October 12, following the company’s public launch and merger. Alongside the opening, Evernorth filed an updated Form 8-K regulatory report with the Securities and Exchange Commission, correcting earlier technical errors and confirming the final distribution of shares among major investors. This report clarified the current ownership of the newly established XRP-linked treasury.
Key stakeholders and XRP treasury controlEvernorth’s reserves, referred to as the XRP treasury, were formed by directly swapping XRP tokens for equity in the company, through in-kind exchanges. The latest SEC filing disclosed the precise holdings of leading Ripple insiders and strategic partners in the new structure.
Chris Larsen, co-founder of Ripple, emerged as the largest private shareholder, controlling 2,340,249 Class A shares both personally and through related entities. Ripple Labs Inc. directly holds 1,678,382 Class A shares and shares joint investment and voting rights with the transaction’s sponsor over another 4,215,479 shares.
Japanese financial group SBI Holdings, Inc. established a significant presence with 9,431,914 Class A shares and 2,359,038 Class C shares, representing 7.5% of all Class C shares. Meanwhile, venture capital firm Arrington XRP Capital, managed by Michael Arrington, took 1,199,503 Class A shares.
In total, private placements distributed 15,288,001 Class A shares and 31,392,746 Class C shares to investors. By contrast, holders from the previous shell company Armada, which merged with Evernorth, secured only 20.5% of the available Class A shares in the new capital structure.
Investor/EntityClass A SharesClass C SharesChris Larsen2,340,249–Ripple Labs Inc.1,678,382 (+4,215,479 joint)–SBI Holdings, Inc.9,431,9142,359,038Arrington XRP Capital1,199,503–Mini dictionary: Evernorth Holdings Inc., a public company, was formed through a SPAC merger and holds a treasury of XRP tokens, which are exchanged for company shares as part of its equity structure.
XRPN stock performance after debutTrading in XRPN shares began with high volatility. Before the merger was completed, the stock maintained a steady baseline at $10.00 per share, a typical pattern for special purpose acquisition companies (SPACs).
Ahead of the deal’s closing in late September, expectations triggered a sharp speculative rally, pushing XRPN’s pre-market price as high as $48.50. This rapid climb pushed technical oscillators into significantly overbought territory.
By the October 13 close, XRPN had declined to $17.07, marking a fall of almost two-thirds from its peak. On the day, the share price showed a slight increase of 0.95%, while the Relative Strength Index (RSI) settled at a neutral 49.92.
Amid strong speculation, XRPN surged to $48.50 during pre-market trading in late September before correcting to $17.07 after its Nasdaq debut, returning its RSI to more balanced levels.
Leadership and outlookThe newly combined company’s future now rests with its executive team, headed by Hugo Jandesboz, who previously served as director at Coinbase Asset Management. Analysts believe the management’s handling of the tokenized XRP treasury will be critical for the company’s next phase.
Private investors, as the updated structure reveals, now hold the majority of Class A and C shares, positioning leading Ripple insiders and strategic partners at the center of Evernorth’s evolving capital framework.
With initial volatility subsiding, XRPN’s prospects are expected to hinge on how its management navigates the complexities of integrating XRP reserves and responding to ongoing market dynamics.
Ripple has minted a record volume of RLUSD stablecoin as it sees an uptick in treasury activity and institutional uptake.
There has been another large minting of Ripple USD (RLUSD) stablecoin, pegged to the U.S. dollar, as treasury activities increase with institutional uptake.
As per the Ripple Stablecoin Tracker, another 19.6 million RLUSD tokens, which is equivalent to $19.6 million, have been minted on the RLUSD Treasury Ethereum.
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Previously, 19 million RLUSD tokens were also minted. In these two transactions, 38.6 million RLUSD have been newly minted.
However, a number of RLUSD burns have also occurred on the treasury. Three separate burns of 13 million, 18 million, and 19.6 million RLUSD tokens have been identified, the tracker said.
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A total of five transactions were reported. In the five transactions, a total of 38.6 million RLUSD was minted, and 50.6 million RLUSD was burned, with a net burn of 12 million tokens.
It is worth noting that the burns happened on the XRP Ledger, while the two mints happened on Ethereum.
Currently, RLUSD has a market cap of around $2.42 billion, as per CoinGecko, making it one of the largest stablecoins pegged to the U.S. dollar. Its value continues to hover around the $1 peg.
RLUSD sees a huge banking breakthroughThe recent minting news comes after British banking giant Standard Chartered released some big news around RLUSD.
On Oct. 12, the bank officially launched institutional custody for RLUSD on the XRP Ledger.
Institutional custody for RLUSD issued on the XRP Ledger is now live and accessible via Standard Chartered's branch in the Dubai International Financial Centre, which is regulated by the Dubai Financial Services Authority, the bank announced.
It gets even more promising as Standard Chartered is also partnering with Ripple and LMAX Group to use RLUSD as eligible trading collateral.
In the potential partnership, the intention is for RLUSD held in Standard Chartered custody to be used as collateral for institutional investor trading on LMAX without directly moving the RLUSD tokens to LMAX for trading.
However, the collateral use has not been introduced yet and will be subject to testing, final documentation, and regulatory approval.
Stellar, a blockchain network focused on facilitating cross-border payments and asset tokenization, has become a leading platform for tokenized real-world assets. The total reported value of tokenized assets on Stellar has reached approximately $3.5 billion. Despite this growth, XRP maintains a market capitalization almost 13 times greater than Stellar’s native XLM token, underlining a persistent imbalance between tokenization adoption and crypto valuations.
Stellar’s rising tokenization volumesAs of October 13, market data from CoinCodex showed XRP’s market capitalization at around $84.65 billion, while XLM trailed significantly at about $6.67 billion. This 12.7-fold difference persists even as Stellar’s institutional tokenization offerings continue to expand.
Recent estimates place the value of tokenized assets on Stellar near $3.5 billion, and, depending on the reporting methodology, this figure can be even higher—up to $4 billion according to Stellar’s own records in early September. Comparatively, the XRP Ledger (XRPL) is estimated to host approximately $2.5 billion in tokenized real-world and financial assets under one broad reporting standard. However, specific rankings may vary based on whether they include certain stablecoins or financial products.
Stellar’s asset tokenization growth is largely supported by institutional products such as Franklin Templeton’s BENJI fund and other financial instruments. The BENJI fund, tokenized and issued on Stellar, held about $605 million as of October 6. Another project, Spiko, accounts for $1.7 billion through tokenized money-market products.
These assets are structured as investment products, granting investors digital shares backed by underlying securities such as government bonds or money-market funds. Blockchain technology powers the issuance, recordkeeping, and settlement of these tokenized shares, delivering efficiency gains for institutional investors and fund managers.
Mini dictionary: Franklin Templeton is a global asset management firm that has issued tokenized money-market funds on blockchain platforms such as Stellar, allowing for digital shares in regulated investment products.
Tokenization versus native token valuationThe growth of tokenized assets does not necessarily translate into increased demand for a blockchain’s native cryptocurrency. When institutions invest in tokenized Treasury funds on Stellar, their money is allocated directly into underlying traditional assets, such as US Treasury securities. While the process requires a minimal amount of XLM for transaction fees and account reserves, these costs are relatively low and do not result in major demand for XLM itself.
A similar dynamic is present on the XRP Ledger. Even as institutional usage and tokenization of securities or stablecoins has increased, these activities do not automatically require counterparties to accumulate large holdings of XRP. Most institutional flows are directed toward the underlying assets, bypassing the need for substantial native coin exposure.
During the past year, Treasury tokenization volumes on the XRP Ledger grew significantly, rising from $50 million to approximately $418.5 million. However, this notable growth in tokenized assets has only a limited direct impact on XRP’s price, since institutional demand is insulated from speculative or retail-driven trading of the token.
XRP’s unique demand sourcesUnlike Stellar’s tokenized products, some institutional vehicles specifically aim to give investors direct exposure to XRP as an asset. For example, Evernorth recently secured a Nasdaq listing for a public treasury product holding 473 million XRP. Furthermore, U.S.-listed spot XRP ETFs increasingly provide additional channels for institutional or retail investors to gain direct exposure to the cryptocurrency.
These investment products differ fundamentally from tokenized Treasury funds or money-market products because their value proposition centers on XRP itself, rather than stablecoins or external securities. As a result, they contribute to market demand for XRP more directly than the tokenization models adopted by Stellar partners.
MetricStellar (XLM)XRP Ledger (XRP)Market capitalization$6.67 billion$84.65 billionTokenized assets value$3.5–$4 billion~$2.5 billionMain tokenization productsMoney market, Treasury fundsTreasury, ETFs, public treasury XRP holdingsXRP’s valuation remains significantly higher than Stellar’s XLM, despite the fact that Stellar now leads in total value of tokenized real-world assets. The disconnect between native token prices and blockchain adoption continues as both networks pursue different strategies to attract institutional flows.
Asian semiconductor stocks tumbled early this week, triggering roughly $800 million in leveraged crypto liquidations, with perpetual futures on SanDisk recording more forced closures than those on XRP.
The selloff, concentrated in South Korean names, illustrated how crypto venues have become venues for leveraged bets on traditional chip equities.
Data from multiple exchanges showed about $803 million in positions liquidated over 24 hours, with bullish longs accounting for roughly 86 percent of the total.
Bitcoin and ether led the losses, but stock-linked contracts ranked high as well. SanDisk perpetuals saw about $19 million liquidated, edging out XRP and nearly matching another token.
Contracts on SK Hynix, Micron, and the triple-leveraged semiconductor ETF SOXL also appeared among the liquidations.
The pressure aligned with sharp declines in Seoul: Samsung Electronics and SK Hynix each fell around 8 percent amid concerns over AI-related valuations and competition from Chinese memory makers, while the Kospi dropped more than 6 percent.
Bitcoin briefly traded under $81,000 during Asian hours before recovering above $83,000, at which point short positions began to account for the majority of newer liquidations.
The episode underscores the growing overlap between crypto derivatives and traditional tech equities.
Traders can now hold continuous, leveraged exposure to individual chip stocks on crypto platforms without expiry dates, concentrating risk when regional equity markets move sharply.
Separately, SWI Group raised €800 million (approximately $894 million) from institutional investors at a €6.1 billion valuation to convert former FTX-linked bitcoin miner Genesis Digital Assets into AI and high-performance computing infrastructure.
The Amsterdam-listed digital infrastructure firm, which took control of the miner this year, plans to rebrand the unit SWI Digital and repurpose its US and Swedish sites while divesting remaining Kazakh mining locations.
Combined with its European AiOnX platform, the group now controls roughly 3.6 gigawatts of grid-connected capacity, including more than 1.3 gigawatts from the Genesis portfolio across about 15 facilities.
Genesis Digital had received substantial investment from Alameda Research during the FTX era.
SWI’s founder and CEO has stated he has zero interest in continuing bitcoin mining and intends to market the power connections and sites to hyperscale cloud providers.
The move reflects a broader shift among former miners toward AI workloads, where electricity access and data-center capacity command higher returns than hashrate alone.
The capital will support power infrastructure upgrades and compute deployments across Europe and the United States.
In more concerning hardware wallet news, OneKey terminated its reseller relationship with CryptoBilis and offered free replacements for eligible devices after Ledger confirmed an unauthorized hardware implant in at least one affected unit sold through the Southeast Asian distributor.
Ledger stated that all confirmed cases in a wave of reported fund losses involved devices purchased via CryptoBilis, while its own systems and direct sales channels remained unaffected.
On-chain estimates of total losses have ranged above $86 million across multiple chains, though Ledger has not verified a precise figure.
OneKey reported no related losses among its users but ended CryptoBilis’s authorization, paused new reseller approvals, and began reviewing its entire existing network.
The company will replace any OneKey device bought from CryptoBilis between March 1 and October 12, 2026, whether activated or unopened, with applications accepted through the end of December.
Buyers are advised to move any held assets to a fresh recovery phrase if they have already set up a device from the channel.
The incident has raised questions about supply-chain controls for hardware wallets distributed through third-party resellers.
In adjacent AI developments, Palantir’s head of UK and European markets, Louis Mosley, warned that Europe risks repeating its earlier failure to capture value from the internet boom.
Speaking in an interview, he noted that the United States built major digital businesses and became the backbone of the online economy while Europe largely missed the opportunity.
He argued the two regions were roughly comparable two decades ago on measures such as GDP per capita and capital-market depth, after which US growth compounded and Europe advanced more slowly. ASML stands as a rare European technology champion from that era.
Mosley described European companies as largely taking a cautious, wait-and-see stance on enterprise AI, while US firms move more aggressively.
He positioned AI as even more consequential than prior technology waves and characterized Palantir as a public-market proxy for the pace of adoption, citing the company’s ability to deploy models from multiple providers on customer data.
The comments come amid ongoing debate in Europe over the company’s government and defense contracts, which Mosley has linked in part to political controversy that can overshadow discussions of productivity gains.
XRP is trading around $1.40, as the cryptocurrency attempts to recover from its recent lows, but bears continue to dominate the 4-hour chart.
The next two weeks could be critical for XRP’s price direction, as the Federal Reserve’s interest rate decision and Ripple’s biggest-ever Swell conference are both scheduled for the final week of October.
With these events still 15 days away, bearish traders may try to push XRP lower before either event gives investors a reason to change their outlook.
XRP Structure Gives Bears an Advantage
XRP remains below two key moving averages, with the 21-period exponential moving average (EMA21) at $1.4153 and the 55-period exponential moving average (EMA55) at $1.4508.
The bearish Break of Structure (BoS), which occurred last week at $1.4458, confirmed a change in market structure in favor of bears. The $1.4458 level now acts as resistance, while the EMA55 solidifies the barrier around $1.44-$1.45, giving bears an actual price zone to defend.
The $1.531 swing high also remains untouched, meaning XRP has yet to challenge the previous high that bulls would need to overcome to confirm the case for a recovery.
Although the price has rebounded from a swing low of $1.3189 recorded last week, the move has not changed the broader trend. Instead, the recovery could amount to a retest of resistance before another decline if buyers fail to push the price higher.
XRP’s performance in 2026 adds to the concerns. The cryptocurrency has fallen 17.6% since the beginning of the year, while Bitcoin has declined 3.5% and Ethereum has lost 9.5%.
XRP’s market cap currently stands at around $88.4 billion, representing around 3.1% of the entire cryptocurrency market. Its greater losses compared with these two major assets suggest that XRP continues to face significant selling pressure.
Why XRP’s Next Move Around $1.45 Matters
The current indicators suggest that XRP is trading within a narrow range, with the Average True Range (ATR) at 0.0227 and volatility compressed around the 1.5-times ATR band.
The upper volatility band sits near $1.4493, almost matching the bearish BoS level at $1.4458. This makes the $1.4450-$1.4510 range particularly important because several technical indicators confirm resistance within the same area.
If XRP climbs into this range but fails to break above it, a rejection wick could confirm that sellers still control the market and increase the likelihood of another decline. Such a move would support the bearish setup and reopen the path toward the lower volatility band.
XRP bears take over as price records bearish BoS
However, a clean four-hour candle close above $1.4510 would invalidate this immediate bearish outlook by pushing XRP above the EMA55 and showing that buyers have gained ground. Until then, sellers may continue to look for opportunities to open or add to short positions whenever the price approaches resistance.
Fed Decision and Ripple Swell Could Change XRP’s Outlook
Macroeconomic conditions could make a recovery more difficult. The Federal Reserve raised its benchmark interest rate to a range of 3.75% to 4% on Sept. 16, and investors are now watching for another increase at the Oct. 27-28 Federal Open Market Committee (FOMC) meeting.
Ripple’s Swell 2026 conference could provide a positive catalyst when it takes place from Oct. 27 to 29 at Hudson Yards in New York City. For the first time, Ripple will combine its institutional-focused Swell conference with XRPL Apex, which focuses on developers.
The agenda includes XRP ETFs, tokenization, institutional settlement, and the next phase of the XRP Ledger. U.S. spot XRP ETFs have already recorded net daily inflows, pointing to continued institutional demand for XRP-linked investment products.
XRP Price Targets as Oct 27 Approaches
If XRP fails to break through the $1.4450-$1.4510 resistance zone, the first downside target is $1.3812, the lower edge of the current volatility band.
A break below that level would bring the $1.3189 structural swing low into focus, while continued selling could push XRP toward $1.2468, the window low that marks the most extended downside target in the current analysis.
For now, the bearish technical structure, the resistance around $1.45, and uncertainty over interest rates give sellers reasons to maintain pressure on XRP.
The next few trading sessions will show whether bears can force another decline before the Federal Reserve meeting on Oct. 27-28 and Ripple Swell from Oct. 27 to 29. Both events could change investor expectations, but until then, XRP’s ability to overcome the resistance above its current price remains central to its short-term outlook.
The XRP Ledger has closed a critical integer-overflow vulnerability in its payment engine that had existed for roughly a decade and could have allowed an attacker to generate and spend new XRP in violation of the network’s fixed-supply rules.
According to the official vulnerability disclosure report published on October 9, 2026, the issue was identified through the XRPL bug bounty program and resolved in the emergency xrpld 3.4.1 software release.
The flaw involved how the ledger’s built-in decentralized exchange calculated totals when a single payment consumed many offers from the order book.
XRP amounts are handled as 64-bit integers.
When the sum of a large number of individual offer amounts exceeded the maximum value that a 64-bit integer can represent, the total wrapped around to a small number instead of triggering an error.
The payment engine still credited each offer owner the full amount specified in their offer, while charging the buyer only the wrapped total.
The difference appeared as newly created XRP that should never have existed.
An attacker could exploit this by creating a few hundred accounts and having each place an offer to sell a tiny quantity of another token in exchange for an extremely large quantity of XRP.
A single carefully constructed payment would then buy through all of those offers at once.
Existing safety checks failed to detect the problem.
The ledger’s invariant that verifies no transaction creates XRP used the same 64-bit arithmetic and therefore wrapped identically, so the net change looked normal.
A separate per-account balance limit, which rejects balances exceeding the total intended XRP supply, was also bypassed because the newly created tokens were distributed across hundreds of accounts.
The attack required only a few hundred XRP for account and offer reserves—most of which could later be recovered—plus ordinary transaction fees.
It could not occur accidentally, because normal trading activity never produces offer totals large enough to overflow a 64-bit integer.
If successfully executed and validated, the resulting XRP would have been fully spendable and transferable, potentially far exceeding the network’s intended maximum supply of 100 billion tokens in a single transaction.Researchers Cayden Liao and Veria AI reported the issue on September 22, 2026.
RippleX engineers quickly reproduced the behavior on a standalone server, confirmed that the newly created XRP could be spent in a subsequent transaction, and classified the severity as critical.
The fix was included in xrpld 3.4.1, released on September 25.
The updated software adds overflow checks when summing amounts across offers; if an overflow would occur, the affected portion of the payment fails cleanly.
The “no XRP created” invariant was also strengthened with a wider counter that cannot wrap.
Because of the severity and the fact that the open-source nature of the code would have made the bug publicly known for weeks under the normal amendment process, the change took effect immediately upon upgrade rather than waiting for the standard two-week validator voting period.
More than 80 percent of default UNL validators upgraded on the day of release.
The disclosure states that no evidence was found of the vulnerability being exploited on any public network.
The same software release also addressed a separate validation issue related to the Batch transaction feature, which was remediated through an amendment that activated on October 9.
The episode highlights both the long dormancy of certain edge-case bugs in mature blockchain codebases and the value of structured bug-bounty programs, audits, and rapid coordinated response among developers and validators. With the patch now deployed and widely adopted, the network’s supply integrity remains intact.
Evernorth (XRPN) has started trading on Nasdaq after merging with Armada Acquisition Corp. II, entering public markets with about 473 million XRP and roughly $300 million in gross proceeds.
Evernorth (@evernorthxrp) has made its Nasdaq debut under $XRPN after completing its merger with Armada Acquisition Corp. II. The company entered public markets holding approximately 473 million XRP and roughly $300 million in gross proceeds before transaction costs.
What XRPN offers investorsBuying XRPN is not the same as buying XRP outright.
Evernorth's own filings make a similar distinction.
Redemptions and treasury valueThe debut came with some caveats.
Evernorth has strong institutional backing.
Analysts caution against assuming the listing will lift the token.
Sources:
Yahoo Finance (via Decrypt): Ripple-Backed Evernorth Hits Nasdaq
Investing.com: Evernorth completes SPAC merger, to trade on Nasdaq as XRPN
FXStreet: Ripple-backed Evernorth goes live on Nasdaq
Despite the big public launch of Ripple-backed Evernorth (the largest public XRP treasury company), XRP underperformed the rest of the crypto market.
As data from CoinGlass indicates, over the last 24 hours, XRP has declined by 3%. Currently, the price of XRP stands at $1.37. The market cap of XRP is about $86.4 billion.
This decline follows bearish crypto market trends. The overall crypto market cap has dipped by 2.8%.
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However, XRP's drop is particularly bad in comparison with other top cryptos. While Bitcoin (BTC) is only declining by 1%, Ethereum (ETH) is declining by 0.5%.
Evernorth goes public Evernorth Holdings has been listed on the Nasdaq stock exchange. Evernorth Holdings has begun trading on Nasdaq (ticker: XRPN) on Oct. 12 following the completion of its business combination with Armada Acquisition Corp. II on Oct. 9.
It means that Evernorth has now gone public with about 473M tokens of XRP, which is equal to about $648M at the current XRP price.
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Evernorth also announced that the gross cash proceeds it received are about $300M (excluding transaction costs).
It will be the largest public pure-play XRP treasury company after the completion of the transaction, as per company announcements.
Important investors such as Ripple, SBI Group, Arrington Capital, Pantera Capital, Kraken, and GSR are backing Evernorth.
The first session was not very successful for the company. The XRPN stock began trading at about $19.38 initially, but then took a U-turn. At the closing price, it stood at $16.91. This means it fell by 1.05% since the last session.
Why isn't XRP reacting?For many Ripple events (major partnerships, acquisitions, regulatory news), XRP usually does not react immediately.
However, the Evernorth listing is different.
Unlike some other corporate events involving Ripple, Evernorth's business is directly related to XRP. The main goal of Evernorth is to hold and manage XRP. Their growth might lead to more demand for XRP as they expand.
So, there is no extra buying pressure from the Evernorth listing. The majority of Evernorth's treasury consists of past XRP contributions from investors and past purchases.
It means there was no sudden buying of 473M XRP from the market when Evernorth went public on Oct. 12.
XRP faced renewed pressure early this week as the cryptocurrency traded near $1.40, following a sharp slide from its late September peak of $1.66 and a brief dip to $1.32 last week. The partial rebound prevented an immediate breakdown, but analysts indicate that the technical outlook remains precarious.
Key support levels under threatMarket observers note that XRP now hovers around a crucial support region between $1.35 and $1.38. A daily close below this range could expose the token to further declines, including a retest of $1.30 and a potential slide toward $1.25.
Technical analyst John Isige at FXStreet commented that XRP’s short-term prospects remain pressured unless buyers can secure a convincing daily close above $1.40. Isige highlighted that the 50-day exponential moving average (EMA) sits at $1.40, the 200-day EMA near $1.38, and the 100-day EMA around $1.34, clustering critical technical levels in a narrow channel.
XRP’s momentum indicators, such as RSI and moving averages, presently reflect a strong bearish bias, with multiple signals aligning below key support zones. A break below $1.35 would not simply represent losing one level but could simultaneously erase several layers of technical support.
On Monday, Investing.com classified XRP as a “Strong Sell,” as the momentum remained weak and the major moving averages generated sell calls.
Comparison of Key XRP Technical Levels
IndicatorLevel50-day EMA$1.40200-day EMA$1.38100-day EMA$1.34Key support zone$1.35–$1.38Downside target$1.25Positioning amplifies potential downsideOpen interest data reveal heightened risk. The Bitrue Research Institute, a crypto market analytics provider, reported XRP’s long-to-short ratio stood at 2.32, meaning bullish leveraged positions outnumber shorts by more than two-to-one. While high long interest is not inherently bearish, it can magnify losses if support levels collapse and forced liquidations cascade.
At the same time, whale activity on major exchanges remains muted, indicating that large holders may not be accelerating the sell-off. This factor could provide some buffer if bullish traders continue to defend the current price range.
Mini dictionary: Bitrue Research Institute is the analytics and research division of Bitrue, a cryptocurrency exchange that provides market intelligence, trading activity metrics, and blockchain-related data to support digital asset analysis.
$1.25 emerges as next key levelWhile a fall to $1.25 remains just a downside scenario for now, analyst Egrag Crypto sees XRP consolidating broadly between $1.30 and $1.45, but warns that dropping through $1.25 could expose the $1.18–$1.20 region.
Despite the volatile price action, demand from institutional investors continues. US spot XRP ETFs attracted $11.31 million in net inflows last week, with Bitwise accounting for $10.55 million of that amount. This suggests continued interest from larger market players even amidst price declines.
If bulls fail to regain control above the $1.35–$1.38 zone, $1.30 will be the next key support, and a deeper break may bring $1.25 sharply into focus as the chart’s next major test.
XRP has now closed below the critical $1.35–$1.38 support area on a daily basis, increasing pressure on the token’s near-term technical setup. Market participants are monitoring upcoming sessions for a recovery, as sustained weakness could make the $1.25 level a more plausible target.
13 October 2026 | 09:03 XRP is holding above $1.34 support while approaching a resistance cluster near $1.42 on the daily chart.
That price range has become more important as recent futures activity eases from an elevated monthly level and exchange-flow data offers an incomplete view of supply.
XRP/USD daily chart showing Golden Cross. A recovery has reached its first resistance The XRP/USD daily chart showed XRP near $1.37 at the time of writing, placing price above the 50% Fibonacci retracement at $1.34. This level has acted as the immediate anchor during the pullback from the September high near $1.70.
The first resistance range sits at $1.425-$1.428, where the 50-day simple moving average near $1.4254 overlaps with the 38.2% Fibonacci retracement near $1.4278. XRP also remains beneath a descending trendline that passes through the high-$1.40s, creating another chart reference above the moving average.
Daily RSI was near 42.3, below the 50 midpoint and its own moving average. That leaves momentum subdued during the rebound. A sustained recovery through the $1.425-$1.428 range could shift attention toward the 23.6% Fibonacci level near $1.53.
Price structure
XRP is holding above its first pullback reference while testing a confluence of moving-average and Fibonacci resistance.
Futures activity
Current open interest has fallen below its elevated 30-day average, indicating a slower pace of outstanding-position growth.
Exchange behaviour
Withdrawal transactions are becoming more prominent, while reserve data still needs to confirm whether supply is actually leaving exchanges.
Futures positions have eased from an elevated month A CryptoQuant analysis found that XRP’s 30-day average open interest on Binance had reached an eight-month high of about $511 million. Its latest daily reading was lower, near $467 million, while the 30-day rolling open-interest Z-score stood around -0.99.
Binance XRP Open Interest Z-Score metrics. The comparison shows that the earlier surge in outstanding futures positions has eased from its recent average. Open interest includes contracts held by bullish and bearish traders, so the data cannot identify which side has been closing positions. It does show that XRP is carrying less current futures activity than the level that produced the eight-month monthly average.
Exchange activity gives only a partial supply picture A second CryptoQuant reading noted a rising share of XRP withdrawal transactions while exchange-reserve trends diverged. Withdrawal dominance can indicate that more transfers are moving away from exchange wallets than toward them, which may reduce readily available supply in some circumstances.
Transaction share measures transfer frequency rather than net volume. A large number of small withdrawals can sit beside a few large exchange deposits, producing a very different supply picture from the one implied by transaction count. Broader reserve declines and netflow data would provide firmer evidence that XRP is leaving exchange balances at scale.
XRP CEX deposit vs withdrawal percentages. Withdrawal-heavy activity also appeared during an earlier period when Binance withdrawals exceeded deposits. The current setup differs because the latest flow reading now sits beside a futures market that has cooled from a much higher recent average.
The lower support zone tests the broader structure If XRP cannot maintain the current pullback area, the daily chart points to a deeper range where several longer-term references gather. The zone’s relevance comes from the overlap of Fibonacci and moving-average levels, rather than one exact support price.
The support map below XRP
Near $1.34 · Immediate anchor
The 50% Fibonacci retracement is holding the current pullback together.
$1.26-$1.28 · Larger confluence zone
The 61.8% Fibonacci retracement, 100-day SMA and 200-day SMA meet in this range.
Near $1.14 · Lower Fibonacci reference
The 78.6% retracement would become relevant only after a sustained loss of the higher support cluster.
The 50-day SMA remains above the 200-day SMA, a constructive medium-term feature of the chart. The $1.26-$1.28 range gains its nearer importance from the 61.8% retracement and the 100-day and 200-day averages clustered around it; the moving-average cross provides the broader backdrop.
The golden cross supports the broader trend XRP’s 50-day simple moving average has crossed above its 200-day average, forming a pattern known as a golden cross. Technical analysts usually read it as a constructive medium-term signal because the more recent price trend has become stronger than the longer-term one.
On this chart, the 50-day SMA sits near $1.425 and has become part of the immediate resistance cluster. The 200-day SMA is closer to $1.280, within the deeper $1.26-$1.28 support range alongside the 61.8% Fibonacci retracement and 100-day average. That convergence gives the lower zone significance if XRP’s present support fails.
A golden cross provides trend context rather than a price target. XRP would still need to reclaim the $1.425-$1.428 resistance area and hold above it for the recovery to strengthen. A move back below $1.34 could shift attention toward the lower moving-average and Fibonacci cluster, while reserve data and spot activity would help clarify whether exchange withdrawals reflect sustained demand.
This article is provided for informational purposes only and does not constitute financial or investment advice. Technical indicators and onchain metrics are interpretive tools, not guarantees of future price movement.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Artificial intelligence is rapidly transforming the landscape of cryptocurrency security, with AI-driven systems preventing what experts describe as potential multibillion-dollar disasters. In 2026, a series of critical vulnerabilities across several major networks came to light, illustrating the growing importance of AI in protecting digital assets. Coin Bureau recently highlighted three separate incidents where AI tools shielded a combined $190 billion in value from compromise.
The XRP Ledger’s decade-old critical flawVeria Labs’ Veria AI discovered an integer overflow vulnerability within the XRP Ledger’s payment engine, a flaw undetected since 2015. The issue could have enabled a user to create 18.45 trillion XRP in a single unauthorized transaction—a figure 184 times greater than XRP’s official 100 billion supply.
Veria Labs confirmed that the attack could be repeated, potentially allowing illicit creation of countless new XRP in large increments. At the time the issue was disclosed, XRP’s market capitalization was approximately $94 billion, putting the network at substantial risk.
For this discovery, Veria Labs received the XRP Ledger Foundation’s highest bug bounty of $250,000. Foundation officials emphasized that no incident of unauthorized token issuance had been detected throughout the ledger’s history.
JUST IN: AI has now saved crypto from more than $190 billion in potential exploits across $XRP and $ZEC. Veria AI helped find a decade-old flaw that could have minted 18.45 trillion XRP from nothing.
Cantina Apex’s signature verification discoveryCantina AI’s autonomous bug-hunting platform, Apex, uncovered another significant flaw in the proposed Batch amendment for the XRP Ledger. A logic error in signature validation permitted attackers to design batch transactions that transferred funds from victims’ accounts, bypassing the need for their private keys.
Cantina and Spearbit CEO Hari Mulackal noted that this single vulnerability put nearly $80 billion at immediate risk. The XRP Ledger validator community quickly rejected the amendment, and an emergency patch was introduced to secure the network.
Zcash’s zero-knowledge proof vulnerabilityOn May 29, researcher Taylor Hornby, with the help of Anthropic’s Claude Opus 4.8 and a proprietary auditing suite, identified a flaw in the Zcash Orchard shielded pool that had existed since May 2022. This bug allowed for undetectable, unlimited creation of counterfeit ZEC tokens through fraudulent zero-knowledge proofs.
Once Hornby reported his findings, developers patched the protocol on June 2. While ZEC’s price dropped sharply following public disclosure, there were no verified instances of successful exploitation.
AI is no longer just a tool for building products. In crypto, it is becoming the infrastructure that protects them.
Improved technical vigilance, especially through AI and market analytics, remains essential as the industry grows. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data from Fomo App, an investor turned a $99 purchase of “Niu Lai” into approximately $370,000, illustrating the risks and rewards possible in a fast-moving environment. Vigilant tracking of investor timing and token selection has become just as important as monitoring price charts. Fomo App offers a unified platform featuring token discovery, real-time trade notifications, investor leaderboards, and integrated social feeds, aiming to simplify navigation of the meme token world.
XRP expands AI-driven payment infrastructureBeyond enhancements in security, XRP is pushing forward autonomous payment solutions with the x402 protocol. This framework lets AI agents make direct payments for APIs and computing resources. Since surpassing 1 million x402 transactions, the XRP Ledger has now processed over 10 million such payments in under three months.
Ripple recently joined the x402 Foundation as a Premier Member, accompanied by companies such as Visa, Mastercard, Google, and Stripe. AI-driven operations now account for 25% of all network transactions. Additionally, the XRPL AI Hub currently lists 160 merchants and 2,276 active services on its roster.
XRP has climbed back above $1.40, a level that has acted as a magnet for its price over the past month. One analyst who tracks order flow says the bigger picture looks healthy, but he expects XRP to dip once more before it can push into the $1.50s.
Why $1.40 matters
The $1.40 level marked the point of control for both the previous week and the previous month, the price where the most trading took place. XRP broke above it on Sunday after a strong green candle.
The analyst said that move came from short sellers closing their positions rather than a full short squeeze. He called it “bullish structural development” but warned that the short-term picture “remains quite fragile.”
A strong bounce from $1.34
On the higher time frames, he sees XRP in good shape. Last week, the price bounced hard from support at $1.34, and he said the buying at that low was strong enough to hold. XRP has traded inside the same range for about a month and a half, and he expects it to eventually reach the top of that range.
The market backdrop is supportive
Several outside factors are working in XRP’s favour, according to the analyst:
Equities: stocks opened higher despite weekend headlinesVolatility: the VIX, Wall Street’s fear gauge, remained calmOil: prices dropped at the open, easing pressure on marketsFunding rates: at normal levels, showing no excess bullish bettingHe also said that open interest in XRP futures has fallen sharply while the price holds steady. That leaves room for new leveraged positions to enter, which could fuel the next move.
Why a dip may come first
Sunday’s rally left behind small price gaps at $1.39, $1.38 and $1.37. Markets often return to fill such gaps. With several resistance levels overhead, the analyst expects XRP may briefly spike higher before falling back to test those lows.
“I think ultimately we’re going to test those lows once more before we actually will have a shot at getting back into the 1.5s,” he said.
Key XRP levels this week
Resistance: $1.43, $1.45 and $1.46, with $1.45 the main level to watchSupport: $1.36 to $1.37, where he expects a reactionMajor support: $1.34, last week’s lowUpside target: the $1.50s, once the dip is completeHe expects a quiet week with little volatility, and said he is unsure whether current conditions will allow a fast move higher.
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Blockchain investigator ZachXBT (@zachxbt) criticized Ripple's $250,000 payout for an XRP Ledger bug that could have created 18 trillion XRP. Here is what happened and why the reward is disputed.
Blockchain investigator ZachXBT (@zachxbt) has criticized Ripple (@Ripple) for paying $250,000 to a researcher who uncovered a critical vulnerability in the XRP Ledger ($XRP). The bug could have allowed an attacker to create 18 trillion XRP in a single transaction, a figure about 184 times the token's fixed 100 billion supply.
Veria Labs co-founder Cayden Liao (@Cayden_Liao) received the maximum reward available under the bounty program.
What the XRP Ledger bug could have doneThe flaw was . According to Cryptopolitan, .
The 18 trillion figure comes from a test, not from actual losses. , according to TokenPost.
On the timeline,
Why ZachXBT says the payout was too low He also warned that .
He pointed to other bounties as benchmarks. , while .
Defenders of the payout note that .
The debate centers on whether a capped bounty reflects the scale of risk to an asset worth tens of billions of dollars. Liao said .
SourcesTokenPost: XRP Ledger Pays $250,000 Bounty for Infinite Supply Vulnerability
Cryptopolitan: ZachXBT renews his "cheap Ripple" criticism over a $250K bounty
The Crypto Times: ZachXBT Slams $250K Bounty for XRP Ledger Bug
XRP has fallen 8.28% over the past seven days to $1.38, while declining futures activity and bearish technical indicators have raised questions about whether the cryptocurrency can defend its $1.30 support level.
Summary
XRP traded at $1.38 after falling 2.48% daily and 8.28% over seven days, CoinGecko reported. Binance XRP futures recorded $511 million average open interest, an eight-month high, CryptoQuant analyst reported. Daily open interest reached $467 million, below its monthly average, with its Z-score near -0.99. Analyst EGRAG cited XRP quarterly election-year returns across 2014, 2018, and 2022 as mixed results. Technical indicators showed XRP’s RSI below 50 and MACD below its signal line during trading. CoinGecko market data showed XRP trading at $1.38 at press time, down 2.48% over 24 hours, with daily trading volume reaching $2.15 billion. Its market capitalization stood at approximately $86.8 billion, supported by a circulating supply of roughly 63 billion XRP. A later October 13 market snapshot placed the token closer to $1.36, confirming continued price fluctuations.
XRP price faces selling pressure near $1.30 support Following its recent decline, XRP has struggled to maintain gains above the $1.45–$1.50 region. The supplied daily chart showed the cryptocurrency trading near $1.3766, following a recovery from lows recorded earlier in the year. Its longer-term price structure remained under pressure after retreating from levels above $2.20 in late 2025.
On the daily chart, immediate support sits around $1.30, with another potential buying area near $1.20. Resistance is concentrated between $1.45 and $1.50, while a sustained move above $1.60 would strengthen the recovery scenario. Previous analysis of XRP’s $1.30 support level identified the area as a zone where buyers had repeatedly entered the market.
The Relative Strength Index stood at 43.28 in the supplied technical reading, below its moving average of 49.61. With the indicator remaining beneath the neutral 50 level, the chart showed weaker buying momentum. However, the RSI remained above 30, meaning XRP had not entered oversold territory under the conventional interpretation of the indicator.
XRP price chart, source: TradingView Meanwhile, the Moving Average Convergence Divergence indicator showed its main line at -0.01196, below the signal line at 0.00763. The histogram registered -0.01959, confirming negative momentum at the time of the chart. A move above $1.50 would improve the short-term technical structure, while losing $1.30 could expose XRP to another test of lower support.
XRP futures open interest reaches eight-month average high Despite the price weakness, Binance futures data showed that average XRP open interest over the past 30 days had reached its highest level in eight months. CryptoQuant analyst Arab Chain reported that the 30-day average stood near $511 million, indicating increased derivatives activity during the preceding month.
The latest daily reading presented a different picture. Open interest had declined to approximately $467 million while XRP traded near $1.41 at the time of the analyst’s observation. The figure was $44 million below the monthly average, suggesting that outstanding futures positions had decreased from their recent elevated levels.
Source: CryptoQuant Arab Chain explained that rising open interest does not necessarily indicate growing bullish expectations because the metric includes both long and short positions. The analyst noted that the latest reduction could reflect existing positions being closed or slower demand for opening new leveraged trades.
The 30-day rolling XRP Open Interest Z-Score reinforced the difference between current activity and the monthly average. At approximately -0.99, the indicator showed that open interest was nearly one standard deviation below its recent mean.
Earlier analysis of XRP futures open interest and price volatility examined the relationship between falling derivatives positions and changing market conditions. The March report documented a 70% decline in aggregate open interest from October 2025 to March 2026, providing historical context for the latest derivatives readings.
Analyst sees mixed XRP returns after U.S. midterm elections With the U.S. midterm elections approaching in November, crypto analyst EGRAG CRYPTO has examined XRP’s historical performance during previous election years. The analyst shared quarterly return figures from 2014, 2018 and 2022, identifying substantial differences between the three periods.
#XRP – MIDTERM ELECTIONS: HISTORY TELLS A DIFFERENT STORY! 👀🔥
After analyzing #BTC, I turned to #XRP's performance during U.S. MIDTERM ELECTION YEARS!
NOW THE INTERESTING PART! 👀
What happened in Q1 &… pic.twitter.com/ZxxHIg6KOq
— EGRAG CRYPTO (@egragcrypto) October 12, 2026 According to his analysis, XRP gained 423.1% during the fourth quarter of 2014 but declined 39.4% in the same quarter of 2018 and 29.3% in 2022. The figures represent historical returns selected by the analyst and do not establish a reliable pattern for the upcoming election period.
Looking at the first two quarters following those midterm elections, EGRAG calculated an average XRP return of -6.8% in Q1 and a gain of 20.1% in Q2. His combined compounded calculation produced an average return near zero across the periods examined.
For comparison, the analyst estimated Bitcoin’s average post-midterm performance at 19.7% in Q1 and 59.7% in Q2, producing a compounded first-half average of approximately 86.5%. EGRAG suggested Bitcoin could lead a market recovery before investors turn toward XRP and other cryptocurrencies, although he emphasized that the dataset contains only three historical cycles.
In a separate October 13 post, EGRAG outlined a more aggressive long-term XRP price scenario for 2027. His projections included $6.40 as an initial expansion target, $10.38 as a fractal-based objective and a possible macroeconomic cycle peak between $20 and $27.
The targets remain speculative chart projections and are not supported by confirmed future buying demand or announced institutional transactions. At $1.38, a move to $6.40 would require a gain of approximately 364%, while reaching $10.38 would require a rise of roughly 652%.
Can XRP price recover toward $2? Another crypto market analyst, Carolina, has identified $1.39–$1.32 as a support area that could determine XRP’s next directional move. In her October 12 assessment, she said her preferred bullish scenario would remain valid as long as the previous Thursday’s low held.
Carolina identified $1.70 as an initial recovery objective, followed by $2.00 or higher if the price structure remained intact. The targets depend on XRP maintaining support and recording a confirmed upward breakout, neither of which was established by the latest market reading.
At the same time, CryptoQuant has published a separate analysis of XRP exchange reserves and withdrawal activity. The report examines differences between exchange balances and the share of transactions involving withdrawals, although its detailed numerical findings could not be independently retrieved from the public page.
For the immediate trading outlook, the supplied daily chart places the first resistance area at $1.45–$1.50. XRP would need to recover above that range before testing $1.60, with Carolina’s $1.70 and $2.00 projections representing subsequent conditional targets.
On the downside, the chart identifies $1.30 as the nearest major support, followed by $1.20 if selling continues. The latest RSI and MACD readings remain below their respective bullish thresholds, while CryptoQuant’s $467 million daily open interest figure shows a decline from the eight-month-high monthly average.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
A recently discovered vulnerability in the XRP Ledger raised community concerns about the potential for bypassing the network’s strict supply cap and generating new XRP tokens. Security researchers Cayden Liao and Veria AI identified the flaw, prompting a swift response from network developers with the release of software version 3.4.1 to resolve the issue.
XRP supply confirmed intactThe XRP Ledger Foundation, a nonprofit supporting the ongoing development and adoption of the XRP Ledger, addressed public concerns by confirming the circulating supply was not compromised at any stage. The network operates with an initial fixed supply of 100 billion XRP and is designed to block any transaction that would create additional tokens.
The vulnerability, however, revealed a theoretical method whereby an attacker could bypass this restriction. The Foundation clarified that the 3.4.1 software patch eliminated the risk without introducing new XRP into circulation. They emphasized the transparency of the blockchain, allowing any member of the public to independently verify token balances and transactions.
Foundation representatives reported that network monitoring remains continuous, with internal and external checks confirming the entire XRP supply history is intact. Current estimates place the existing XRP supply at approximately 99.986 billion, a figure gradually reduced by transaction fees that are permanently destroyed with each transfer.
The XRP Ledger Foundation confirmed no new XRP tokens have been created and assured that the integrity of the network’s fixed supply is preserved following the vulnerability patch.
Enhanced security measures plannedThe Foundation also highlighted the complexity that allowed the bug to go undetected for an extended period. Triggering the issue required highly specific and numerous operations, making accidental activation unlikely during routine network use.
Rising advancements in artificial intelligence, the Foundation noted, may speed up both the detection of vulnerabilities by researchers and their exploitation by malicious actors. The organization is preparing to collaborate with RippleX—the developer platform for the XRP Ledger—and the broader XRPL community to further strengthen the network.
Planned initiatives include increasing the reliance on formal verification procedures, adopting AI-driven adversarial testing, enhancing partnerships with security experts, and expanding the existing bug bounty program. These steps aim to enhance proactive detection and mitigation of future weaknesses.
Mini dictionary: Formal verification is a process that uses mathematical proofs to validate the correctness of software code, ensuring vulnerabilities and errors are minimized before deployment in critical systems like blockchain networks.
The Foundation is increasing the use of advanced security tools and plans to update the community as additional safeguards are implemented.
Direct deployment of patch explainedAmid discussion over the bug fix process, the Foundation clarified its decision to release the patch directly rather than waiting for the usual amendment procedure. Normally, amendments on the XRP Ledger go through a public voting process, which extends over several weeks to achieve validator consensus. Revealing vulnerability details before activating the fix could have enabled potential attacks.
To reduce risk, a social consensus emerged among the Foundation, RippleX, software developers, and validators to deploy the patch immediately while minimizing disruption to node operators. Although no single institution could enforce the change alone, validators and node operators collectively determined software adoption.
Deployment MethodSpeedRisk ExposureNormal amendmentWeeksHigher (details become public)Direct patchImmediateLower (details protected)After more than 80% of validators backed the 3.4.1 release for two weeks, it became the new standard via the traditional amendment route. The Foundation credited responsible disclosure by Cayden Liao and Veria AI, as well as contributions from core developers and validators, for the effective and timely resolution of the incident. This collaborative approach, the Foundation maintained, reflects the decentralized nature of the XRP Ledger’s governance.
Leading cryptocurrencies plunged on Monday as geopolitical uncertainty and upcoming inflation data kept investors on edge.
Crypto Market PlungesBitcoin nearly slipped below the $81,000 mark before staging a late-evening rebound. Ethereum dipped to the $2,400 level and is now down nearly 10% over the last week. XRP and Dogecoin also recorded steep drops.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.08% and 0.83%, respectively.
More than $775 million in cryptocurrency positions were liquidated over the past 24 hours, including $493 million in just the last four hours, according to Coinglass data. Long position traders bore the brunt of the losses.
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Bitcoin’s open interest slipped 1.64% over the last 24 hours. Retail and whale derivatives traders on Binance, meanwhile, flipped “Bullish” on BTC, increasing their long exposure.
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Dow Rallies, S&P Near FlatlineStocks had a mixed day on Monday. The Dow Jones Industrial Average rose 195.60 points, or 0.38%, to close at 51,850.55. The S&P 500, in contrast, fell 0.06% to end at 7,807.24, while the tech-heavy Nasdaq Composite shed 0.44% to close at 27,245.90.
Russian strikes on Ukrainian energy facilities continued even after President Donald Trump announced an “energy ceasefire” between the two countries.
The United States Oil Fund (NYSE:USO), which tracks WTI crude oil, sharply rebounded, closing up 1.91% at $151.03 on Monday.
‘Pullback Isn’t the End of Anything’Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that whales have increased accumulation as Bitcoin fell from $87,000 toward $80,000. However, they believe the asset still needs to clear a key “hurdle” first.
“On-chain data shows nearly 800,000 BTC were previously traded around $84,569. A break above this supply zone would strengthen the case for a move higher,” the analyst predicted.
Technical analyst Kevin said that a year-end pullback was inevitable, although their “plan” remains unchanged: $77,000-$83,000 keeps $93,000-$100,000 in play, while a close below $77,000 opens $67,000-$76,000
“CPI Wednesday is the catalyst. A pullback isn’t the end of anything. It’s the next opportunity for the sidelined and should result in a higher low,” Kevin added.
XRP, the digital asset developed by Ripple Labs, is currently valued at $1.39 with a circulating supply of 63.12 billion tokens and a total market capitalization of approximately $88.04 billion. Despite its established role in the cryptocurrency sector, some market participants continue to argue that XRP remains undervalued.
XRP’s path to $400 billion market capitalizationIn a recent analysis, the AI tool ChatGPT was prompted to evaluate the potential for XRP to achieve a $400 billion market cap. The AI calculated that XRP would require a price increase from $1.39 to around $6.34 in order to reach this target, representing a gain of roughly 356% (a 4.54-fold rise from current levels). ChatGPT emphasized that while this upside offers significant potential, it does not guarantee the outcome.
To address the question of timing, the AI outlined three potential scenarios. An aggressive outlook projected that XRP might reach a $400 billion valuation by late 2026, though this was described as optimistic and carrying low confidence. The more balanced scenario placed a possible rally in the first half of 2027, assuming several favorable catalysts converged. Lastly, a conservative forecast suggested that the target could be achieved in late 2027 or thereafter if regulatory clarity remains pending and demand increases gradually.
ChatGPT warned that progress toward the $400 billion mark is unlikely to follow a straight line. Instead, the AI suggested that a rally supported by rising trading volume and persistent inflows into exchange-traded funds (ETFs) would provide more solidity than rapid price gains that lead to abrupt corrections.
ChatGPT noted that, “a rally supported by increasing trading volume and persistent ETF inflows would be more convincing than a rapid price spike followed by heavy selling.”
Factors influencing XRP’s potential surgeThe AI model identified several key factors that could accelerate XRP’s ascent to a $400 billion market capitalization. Chief among these were a continued Bitcoin rally, which tends to improve general crypto market sentiment, growing inflows into U.S. spot XRP ETFs, heightened institutional accumulation by firms such as Evernorth, and advances in U.S. digital asset regulation.
According to recent data, cumulative net inflows into U.S. spot XRP ETF products have reached about $1.81 billion, though ChatGPT cautioned that these inflows are subject to daily volatility. The path to a sustained $6.34 price supposes that several of these catalysts must arrive at the same time to maintain upward momentum at each price stage.
Ripple Labs, the company behind XRP, focuses on building enterprise blockchain solutions for global payments and settlement, and has been a prominent figure in regulatory debates regarding crypto assets in the United States.
Mini dictionary: Spot ETF — An exchange-traded fund that purchases the underlying asset directly rather than using futures contracts, enabling investors to gain exposure to the real-time price movements of a cryptocurrency via regulated markets.
As a practical benchmark, the AI suggested that XRP would need to sustain levels above $2, followed by progress toward $3, before approaching the ambitious $6.34 target. This foundation, combined with growing institutional demand and supportive regulatory decisions, could pave the way for XRP’s market cap to approach $400 billion by late 2027. However, ChatGPT emphasized that successful achievement of this milestone relies on several market and regulatory developments aligning favorably.
XRP’s path to $400 billion hinges on a series of key catalysts arriving together, including stronger institutional demand, progress towards digital asset regulation in the U.S., and a meaningful recovery above $2 and $3 resistance levels.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Autonomous artificial intelligence systems are becoming the new driving force behind transaction activity on the XRP Ledger (XRPL). According to data from the t54.ai platform, AI agents are now generating the network's main commercial flow, gradually displacing traditional retail transfers.
At the turn of September and October, the daily number of settlements on XRPL stood at more than 600,000 transactions, with peaks of up to 700,000.
The agentic economy is becoming a major source of XRPL activity as more merchants, services and use cases emerge. Businesses need confidence in who agents represent, what they’re authorized to do and the risks involved. Our trust layer provides the infrastructure to scale.
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— t54.ai (@t54ai) October 12, 2026 The infrastructure for robots is already in place: 169 merchants are operating on the network, and the total transaction volume has exceeded 13.94 million. AI developers are massively switching their systems to settlements in XRP tokens and the RLUSD stablecoin because traditional banks cannot be used for microtransactions occurring every second.
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According to t54's on-chain dashboard, the undisputed leader in traffic is the distributed inference network Heurist Inference Router (9,973,942 transactions), followed by the AI search engine AskSurf (863,012), the computing network Heurist Mesh (512,623), the operating system LucyOS (400,663), and the fintech project ClawBank (137,836).
How big capital hedges risks in the machine economyDevelopers pinpoint a widespread lack of corporate trust in autonomous software as the primary barrier to scaling this trend. To manage these risks, the startup has launched a "Trust Layer" based on the X402 standard. The system verifies digital mandates and limits for AI agents in real time at the pre-execution stage of transactions, while also providing them with Claw Credit credit lines based on on-chain reputation.
The deployment of payment rails for machines is already reaching the level of institutional capital. Developers at t54 Labs have closed a $5 million seed round with the direct participation of Ripple and financial giant Franklin Templeton.
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The project has also been included in the Mastercard Start Path accelerator program for the subsequent integration of autonomous AI agents directly into global fiat payment networks.
In short, XRPL's on-chain metrics have recorded a fundamental shift: AI agents have evolved from an expense item into independent payers generating transaction traffic faster than humans.
XRP is approaching another critical price test as market data points to a possible retest of the $1.35 to $1.38 support area before a potential rebound. Recent research from Bitrue Research Institute indicates a divergence between Futures buyers’ enthusiasm and more restrained activity in Spot markets.
Market structure and momentumThe Institute’s AI-driven crypto indicators reveal that leveraged long positions remain heavily populated, while significant whale activity is subdued. This creates a delicate balance that could lead to sharp price movements.
A senior analyst at Bitrue Research Institute explained, the tension is visible between crowded leveraged long bets and quieter whale movements, with Bitrue’s AI models warning of Neutral momentum, a flat trend, and high long ratios. The analyst highlighted, “We expect XRP to test the $1.35–1.38 zone first before any meaningful rebound can develop.”
This market setup increases the risk of rapid liquidation cascades if XRP’s price encounters additional selling pressure. The analyst pointed out that, although exchange-side supply is declining, large holders have not delivered significant inflows to support price levels.
Bitrue Research Institute’s data reflects this pattern: whale inflows over a three-month average have dropped sharply to $61 million, which is the lowest level recorded since 2021.
Key price levelsThe immediate focus is on the $1.38 support line, which now frames the discussion for bullish moves. If XRP holds this level, analysts see a path toward $1.50, with $1.45 acting as a pivotal checkpoint on the way up.
Other market indicators suggest slightly bearish momentum. The Relative Strength Index (RSI) stands at 45.05, hinting at mild overselling. The MACD remains below its signal line with a negative histogram, and the Chaikin Money Flow (CMF) is still negative on most time frames, aside from short-term charts where bulls are defending $1.38.
Whale flows and ETF impactThe interplay between large holders and broader market sentiment is expected to drive the next phase. If whales return to accumulate XRP, external factors such as Wall Street influence could catalyze stronger upside. XRP-focused exchange-traded funds have reported $11.3 million in five-day net inflows, and Evernorth is set to launch an XRP-exclusive treasury on NASDAQ with the XRPN ticker.
Despite these developments, experts caution that hesitation among large investors could send XRP back to the $1.35 to $1.38 liquidity pockets before any attempt to reclaim $1.50.
In these circumstances, many traders are searching for technical efficiency and fast-access tools. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
Recent coverage and industry outlookElsewhere in crypto markets, other tokens are drawing attention for technical reasons. HBAR has seen activity around the $0.40 area amid a prolonged compression phase, and Cardano’s supporters are discussing renewed price targets as network upgrades go live.
Analysts continue to monitor inflows, technical indicators, and whale behavior to gauge the next significant move for XRP and similar assets.
Unlike short-term speculative rallies, a DeFi-driven cycle depends on growing liquidity, stronger on-chain activity, and long-term investor commitment.
One key metric to watch is Total Value Locked (TVL), which shows how much capital is held in DeFi protocols.
According to AMBCrypto, this is where the chart below comes into play.
Recently Doppler’s XRP Vault has seen its holdings peak at 90 million, worth over $127 million, marking a key milestone for the ecosystem. The timing is notable, as XRPL’s TVL has cooled by around $5 million from the late-September peak of $46 million.
Source: DeFiLlama Notably, this underperformance cuts across TVL.
According to DefiLlama, XRPL’s stablecoins have recorded a 6.3% drop in their market cap to $1.23 billion. This suggests decreased liquidity in the ecosystem, which can lead to lower inflows of capital and slower growth in DeFi adoption.
While Doppler’s increased holdings of XRP indicate activity within the ecosystem, a rise in liquidity and stablecoin market value would be a more reliable sign of renewed bullish on-chain action.
But then again, could the upcoming listing on XRPN by Evernorth trigger renewed DeFi momentum on XRPL?
According to AMBCrypto, the capital inflows to participate in the offering could drive the entire ecosystem up towards a much larger DeFi cycle and help reshape the perception of XRP throughout the rest of Q4.
XRP builds DeFi momentum as XRPN yield expectations rise Ripple’s [XRP] DeFi ecosystem is at a critical juncture as liquidity begins to dry up.
However, Evernorth’s upcoming XRPN listing on Nasdaq could add another layer to the story. Evernorth reportedly holds 473 million XRP, ranking among the largest XRP treasuries.
So, while the listing could influence how investors access XRP exposure, its impact may go beyond market flows alone.
One analyst on X argued that, rather than buying XRP directly or keeping in a custodian account, investors could gain exposure to the asset through a share in XRPN, similarly to how Strategy’s MSTR stock has indirect exposure to Bitcoin.
The question, then, is how Evernorth will attract and retain shareholders.
A yield strategy could serve as an incentive for investors to buy XRPN shares, as opposed to buying XRP directly, representing a potential new source of demand for the cryptocurrency.
Source: X Adding to this picture is XRPL’s growing tokenization activity.
Ethereum was initially dominant, but XRPL now appears to be outperforming in tokenized commodities. In line with the data, tokenized commodity net inflows hit $2.2 billion on XRPL, compared with $1.6 billion on Ethereum in 2026.
Meanwhile, the monthly real-world asset (RWA) transfers on XRPL peaked at an incredible $7.03 billion, a 224-fold increase. And together, they can serve as fresh demand generators for XRP.
If Evernorth introduces a yield farming concept for XRPN holders, it will create a positive feedback loop of adoption to the XRP ecosystem. In turn, increased XRPL tokenization adds another layer to the ecosystem’s growth.
With both trends gaining traction, XRP’s DeFi narrative heading deeper into Q4 is worth watching.
Final Summary XRP’s DeFi activity is growing, but falling liquidity remains a concern.
Evernorth’s XRPN listing and potential yield opportunities could boost XRP demand in Q4.
Technical analyst Lana Valentis has highlighted a potential reversal in XRP’s price action, indicating that the cryptocurrency may be positioned for an upward move after breaking out of a descending channel on its daily chart.
Technical structure and recent price actionSince July 2025, XRP has traded within a defined descending channel, with $3.65 serving as its all-time high and upper trendline resistance. Each rally since mid-2025 has reversed at this upper boundary, while the lower trendline has repeatedly provided support during market corrections.
Price movements through July and August compressed toward the channel’s lower limit. A support zone highlighted near $0.99 absorbed significant selling pressure during this period. Following this bounce, XRP rallied above $1.30, signaling renewed buyer strength in the market.
XRP’s breakout from the descending channel has been driven by robust buyer support in the $0.99 to $1.10 range, with renewed momentum now visible above $1.30.
According to the technical breakdown, the price within the highlighted green zone—spanning $0.99 to $1.10—acted as a foundation for XRP’s recent rebound. After touching this region in August, XRP quickly surged over 50% within 65 hours, reaching $1.68 before retracing modestly. The asset currently trades well above its established support, maintaining the bullish scenario.
LevelSignificance$0.99 – $1.10Buyer support zone$1.30Current price region after rebound$1.68Recent local high$1.70, $2.20, $2.70Intermediate resistance targets$3.65All-time high and major resistanceKey resistance levels and targetsValentis outlined a sequence of resistance levels that XRP needs to surpass to realize further gains. These technical hurdles sit at $1.70, $2.20, $2.70, and $3.65—each previously tested during past rallies or corrections. The $3.65 level, marked by a red dashed line on most technical charts, stands as the most notable long-term resistance, corresponding to the record high from July 2025.
Projections on the chart illustrate a possible scenario in which XRP advances from the current $1.35 region up to $3.65, provided each resistance level is broken. However, this outlook is based on continued buyer support and the validity of the technical breakout rather than a guaranteed upward move.
After buyers confirmed the channel breakout, XRP may progress through $1.70, $2.20, and $2.70 before challenging the major resistance at $3.65.
Increasing role in asset tokenizationBeyond technical indicators, Valentis commented on XRP’s expanding utility in financial markets. She described XRP as emerging as a backbone for real-world asset tokenization, with its ecosystem reportedly growing at a faster pace than generally recognized.
Sustained buyer interest and the capacity of the support zone around $0.99 to hold remain critical for any further upside. If momentum continues, XRP may seek to test each successive resistance level outlined in Valentis’s analysis.
Mini dictionary: Real-world asset tokenization refers to the process of converting physical assets, such as real estate or commodities, into digital tokens on a blockchain. This enables fractional ownership, increased liquidity, and easier transferability of traditionally illiquid assets.
Autonomous artificial intelligence systems are now driving the bulk of settlement activity on the XRP Ledger (XRPL), signaling a shift away from traditional retail transactions. According to on-chain data from t54.ai, machine-driven transaction flow has become central to XRPL’s commercial usage, with AI agents handling increasingly complex microtransactions.
AI agents reshape XRPL commercial landscapeTransaction activity on XRPL has surged, with daily settlements surpassing 600,000 and occasionally touching 700,000 at the turn of September and October. This uptick aligns with the growing presence of AI-infused agents and services on the network.
The infrastructure supporting automated operations has expanded rapidly, with 169 different merchants now active. The total transaction volume across these entities has exceeded 13.94 million, as developers pivot to using XRP tokens and the RLUSD stablecoin for real-time, high-frequency microtransactions, which traditional banking channels are ill-suited to handle.
Data from the t54 on-chain dashboard places the distributed inference network Heurist Inference Router at the top, having processed 9,973,942 transactions. Other major contributors include the AI search engine AskSurf (863,012 transactions), computing network Heurist Mesh (512,623), operating system LucyOS (400,663), and fintech platform ClawBank (137,836).
PlatformTransactionsHeurist Inference Router9,973,942AskSurf863,012Heurist Mesh512,623LucyOS400,663ClawBank137,836AI developers have increasingly adopted these settlement options, reflecting the network’s ability to meet requirements for automated, rapid, and small-value payments.
Mini dictionary: RLUSD, a stablecoin on the XRP Ledger, is designed to facilitate fast, cost-effective, and programmable settlements between AI agents and human users, allowing efficient microtransaction processing on-chain.
Institutional investment and the trust challengeThe widespread adoption of autonomous AI-driven software remains tied to overcoming a lack of corporate trust. Developers attribute this skepticism as a primary obstacle to scaling automated transactions. In response, the startup has introduced a “Trust Layer” leveraging the X402 standard. This system verifies digital mandates and transaction limits for AI agents in real time before settlement, and it extends Claw Credit credit lines based on established on-chain reputations.
Recently, the deployment of machine-based payment rails has attracted institutional attention. t54 Labs completed a $5 million seed funding round, counting Ripple and leading asset manager Franklin Templeton among its direct investors.
Additionally, the company has joined the Mastercard Start Path accelerator program. This initiative aims to integrate autonomous AI agents into Mastercard’s global payment infrastructure, facilitating cross-network settlements involving both digital and fiat assets.
AI agents are now generating the XRP Ledger’s main transaction flow, overtaking human-originated retail transfers and establishing themselves as the network’s dominant commercial force.
AI agents transition from expense to transaction driversOn-chain activity now shows a fundamental transformation: AI-powered agents have shifted from being categorized as operational overhead to serving as key initiators of settlement traffic. Their ability to conduct rapid, multi-party transactions is outpacing traditional human activity on the XRPL network.
The momentum created by AI-driven commerce is seen as a harbinger of broader adoption of autonomous transaction systems, particularly as institutional capital continues to enter the sector.
In brief Evernorth began trading on Nasdaq under the ticker XRPN on Monday after closing its merger with SPAC Armada Acquisition Corp. II on October 9, holding about 473 million XRP and $300 million in gross cash. About 80.3% of Armada's public shareholders redeemed their shares for roughly $10.58 each, pulling about $195 million out of the deal and leaving a thin float that sent the stock as high as $53 before the close. XRP fell from $2.37 when the deal was signed to a $1.43 reference price at closing, valuing Evernorth's treasury at roughly $677 million versus the more than $1 billion it originally raised. Evernorth, the Ripple-backed company built to stockpile XRP, started trading on the Nasdaq on Monday under the ticker XRPN, giving anyone with a regular brokerage account a way to bet on the cryptocurrency without ever opening a crypto wallet.
The listing caps a merger with Armada Acquisition Corp. II that closed on Friday. Armada was a SPAC, short for special purpose acquisition company: a listed shell with no business of its own that raises cash, parks it in a trust, and waits to merge with a private firm that wants to skip a traditional IPO.
Myriad: Where does XRP go next? Click to make your prediction.Evernorth enters public markets holding roughly 473 million XRP and about $300 million in gross cash. At the $1.43 XRP reference price used in the deal's closing filing, that stash is worth about $677 million.
The $677 million figure falls well short of the pitch Evernorth made when it first announced the deal in October 2025, when it touted more than $1 billion in funding to buy XRP. The merger documents priced the token at $2.37 at signing, so by closing day XRP had lost roughly 40% of its value.
Evernorth spent roughly $947 million buying XRP in late October 2025, and by February that pile was worth about $446 million less than it paid. XRP hit an all-time high of $3.65 in July 2025; the $1.43 closing reference price sits about 61% below that peak.
Evernorth belongs to a crowded category known as digital asset treasuries, or DATs: public companies whose main business is holding a cryptocurrency and raising money to buy more of it. Strategy (formerly Microstrategy) pioneered the playbook with Bitcoin, and Evernorth says it is now the largest publicly traded company devoted to XRP.
The model runs on a ratio called mNAV, or market-to-net-asset value, which divides a company's stock market value by the value of the crypto it holds. Above 1, a DAT can sell new shares at a premium and buy more tokens; below 1, raising money means dilution, where each existing share ends up representing a smaller slice of the company.
About 80.3% of Armada's public shareholders, holding 18.5 million shares, chose redemption, the SPAC investor's right to hand shares back for cash from the trust. They took about $10.58 per share, pulling roughly $195 million out of the deal before it closed.
That exodus left only about 4.5 million original public shares, a tiny float (the pool of shares available for everyday trading) that lets small orders move the price wildly. Days after the redemption window shut, XRPN touched an intraday high of $53 on October 2 and closed that Friday at $39.42, before sliding to $17.09 on October 9, the day the merger closed. On its first day trading as Evernorth, the stock briefly jumped toward $19 before fading to $16.64 by midday Monday, according to Yahoo Finance data.
Tokyo-listed financial group SBI Holdings now controls 39.9% of Evernorth's voting shares, while the fund of Arrington Capital, which sponsored the SPAC, holds 19.9%, and Ripple co-founder Chris Larsen is tied to 9.9%, according to the filing. Ripple and its affiliates are capped at 9.9% of the voting power, and Ripple, a Larsen-linked trust and Arrington's fund signed six-month lock-ups that bar them from selling until April 2027.
Most of the treasury came from existing holders swapping tokens for stock. Arrington's fund contributed about 211 million XRP, Ripple handed over about 127 million, the Larsen-linked trust added 50 million, and roughly 84 million were bought at an average of $2.53 using $214 million in early funding.
Rather than simply sitting on its tokens like a passive fund, Evernorth plans to earn yield through DeFi, or decentralized finance, apps that lend and trade crypto without a bank in the middle, and to run validators, the computers that confirm transactions on the XRP Ledger, all aimed at growing the amount of XRP behind each share.
On Monday, the company named Hugo Jeandesboz, formerly co-chief investment officer at Coinbase Asset Management, to run that strategy. Michael Arrington said in the merger announcement that Evernorth brings “scaled capital, active participation and the standards of a public company” to the institutional build-out of XRP's infrastructure.
Evernorth plans to celebrate the listing by ringing Nasdaq's ceremonial closing bell on Wednesday, October 14, two days after its shares began trading. Alongside the stock, its warrants, which give holders the right to buy shares at $11.50 each, now trade under the separate ticker XRPNW.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Evernorth began trading on Nasdaq under the ticker XRPN on Monday after closing its merger with SPAC Armada Acquisition Corp. II on October 9, holding about 473 million XRP and $300 million in gross cash. About 80.3% of Armada's public shareholders redeemed their shares for roughly $10.58 each, pulling about $195 million out of the deal and leaving a thin float that sent the stock as high as $53 before the close. XRP fell from $2.37 when the deal was signed to a $1.43 reference price at closing, valuing Evernorth's treasury at roughly $677 million versus the more than $1 billion it originally raised. Evernorth, the Ripple-backed company built to stockpile XRP, started trading on the Nasdaq on Monday under the ticker XRPN, giving anyone with a regular brokerage account a way to bet on the cryptocurrency without ever opening a crypto wallet.
The listing caps a merger with Armada Acquisition Corp. II that closed on Friday. Armada was a SPAC, short for special purpose acquisition company: a listed shell with no business of its own that raises cash, parks it in a trust, and waits to merge with a private firm that wants to skip a traditional IPO.
Myriad: Where does XRP go next? Click to make your prediction.Evernorth enters public markets holding roughly 473 million XRP and about $300 million in gross cash. At the $1.43 XRP reference price used in the deal's closing filing, that stash is worth about $677 million.
The $677 million figure falls well short of the pitch Evernorth made when it first announced the deal in October 2025, when it touted more than $1 billion in funding to buy XRP. The merger documents priced the token at $2.37 at signing, so by closing day XRP had lost roughly 40% of its value.
Evernorth spent roughly $947 million buying XRP in late October 2025, and by February that pile was worth about $446 million less than it paid. XRP hit an all-time high of $3.65 in July 2025; the $1.43 closing reference price sits about 61% below that peak.
Evernorth belongs to a crowded category known as digital asset treasuries, or DATs: public companies whose main business is holding a cryptocurrency and raising money to buy more of it. Strategy (formerly Microstrategy) pioneered the playbook with Bitcoin, and Evernorth says it is now the largest publicly traded company devoted to XRP.
The model runs on a ratio called mNAV, or market-to-net-asset value, which divides a company's stock market value by the value of the crypto it holds. Above 1, a DAT can sell new shares at a premium and buy more tokens; below 1, raising money means dilution, where each existing share ends up representing a smaller slice of the company.
About 80.3% of Armada's public shareholders, holding 18.5 million shares, chose redemption, the SPAC investor's right to hand shares back for cash from the trust. They took about $10.58 per share, pulling roughly $195 million out of the deal before it closed.
That exodus left only about 4.5 million original public shares, a tiny float (the pool of shares available for everyday trading) that lets small orders move the price wildly. Days after the redemption window shut, XRPN touched an intraday high of $53 on October 2 and closed that Friday at $39.42, before sliding to $17.09 on October 9, the day the merger closed. On its first day trading as Evernorth, the stock briefly jumped toward $19 before fading to $16.64 by midday Monday, according to Yahoo Finance data.
Tokyo-listed financial group SBI Holdings now controls 39.9% of Evernorth's voting shares, while the fund of Arrington Capital, which sponsored the SPAC, holds 19.9%, and Ripple co-founder Chris Larsen is tied to 9.9%, according to the filing. Ripple and its affiliates are capped at 9.9% of the voting power, and Ripple, a Larsen-linked trust and Arrington's fund signed six-month lock-ups that bar them from selling until April 2027.
Most of the treasury came from existing holders swapping tokens for stock. Arrington's fund contributed about 211 million XRP, Ripple handed over about 127 million, the Larsen-linked trust added 50 million, and roughly 84 million were bought at an average of $2.53 using $214 million in early funding.
Rather than simply sitting on its tokens like a passive fund, Evernorth plans to earn yield through DeFi, or decentralized finance, apps that lend and trade crypto without a bank in the middle, and to run validators, the computers that confirm transactions on the XRP Ledger, all aimed at growing the amount of XRP behind each share.
On Monday, the company named Hugo Jeandesboz, formerly co-chief investment officer at Coinbase Asset Management, to run that strategy. Michael Arrington said in the merger announcement that Evernorth brings “scaled capital, active participation and the standards of a public company” to the institutional build-out of XRP's infrastructure.
Evernorth plans to celebrate the listing by ringing Nasdaq's ceremonial closing bell on Wednesday, October 14, two days after its shares began trading. Alongside the stock, its warrants, which give holders the right to buy shares at $11.50 each, now trade under the separate ticker XRPNW.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
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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U.S. spot XRP ETFs drew $11.31 million in net inflows between October 5 and October 9, even as XRP fell from about $1.52 to $1.40 and briefly touched a $1.32 price low. The gap keeps the key question in focus: can concentrated fund demand defend the $1.32-$1.38 support zone, or must XRP reclaim $1.50-$1.56 before its short-term trend improves?
Bitwise supplied $10.55 million of the weekly total, nearly carrying the market-wide result by itself. Franklin Templeton’s XRPZ added $4.10 million, while Canary Capital’s XRPC recorded a $3.34 million outflow; three of the five sessions had no net flow.
Excluding Bitwise, the other funds combined added only about $760,000 net. That is the material qualification to the 12-week streak: inflows have persisted, but last week’s figures do not show evenly distributed demand across issuers. Upcoming weekly totals will test whether buying broadens or the streak remains dependent on one large fund.
ETF net assets are at about $1.57 billion, against roughly $1.8 billion in cumulative inflows since launch. The resulting gap of around $230 million is a rough mark-to-market indicator.
The contrast with other crypto funds is notable. U.S. bitcoin funds shed $681 million over the same week, while XRP was the only one of the cited bitcoin, ether, solana, and XRP fund groups to finish with net inflows. That relative resilience is real, but the single-week comparison does not establish that ETF demand can absorb continued selling in the spot market.
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Can Buyers Defend XRP $1.32-$1.38 Price Support Zone?XRP opened the week near $1.52, ended Friday around $1.40, and touched $1.32 on October 8. The close-to-close decline is at 7.3%, as the price action erased a meaningful part of the preceding level.
The $1.32-$1.38 area is the immediate support test. Holding it while ETF flows stay positive would be consistent with dip buying, but one bounce would not confirm a durable floor; a break below the zone would show that inflows have not prevented further technical deterioration.
On the upside, the primary-source levels place resistance at $1.50-$1.56. A sustained reclaim of that band, rather than a brief intraday move into it, would provide stronger evidence that the short-term trend is improving. Until then, ETF inflows are a supportive flow signal, not confirmation of a price reversal.
A separate XRP support-level assessment also examines downside scenarios around the current price area.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Evernorth Adds Another XRP VehicleEvernorth’s XRPN began trading on Nasdaq on Monday, October 12, adding another listed route to XRP exposure. The primary report says the vehicle holds about 473 million XRP, but its immediate effect on spot demand or price is not established.
The Nasdaq building in New York City. – Photo: John A. Montgomery / CC BY-SA 2.0That distinction matters for the XRP price outlook. If the token holds support and ETF flows remain positive across more issuers, the case for accumulation on weakness strengthens; if support fails or flows narrow further, the 12-week streak will offer little proof of a reliable floor.
A sustained move back through $1.50-$1.56 remains the clearest stated threshold for short-term trend improvement, while Evernorth’s XRP exposure is a potential demand factor whose market impact still needs to be demonstrated.
Evernorth Holdings started its life as a public company on a positive note. Shares of the XRP-focused treasury firm rose 5% on their Nasdaq debut on October 12, 2026, trading under the ticker XRPN.
The debut makes Evernorth what its backers describe as the first dedicated public vehicle built around XRP. Investors who want exposure to the token without dealing with wallets, keys or exchanges now have a stock to buy instead.
A volatile first day of trading
The opening pop was only part of the story. At its intraday high, the stock climbed as much as 13.43% above its starting level.
That enthusiasm cooled as the session went on. Shares ultimately closed about 1.5% higher, a far more modest result than the morning peak suggested.
Evernorth reached the market through a merger with Armada Acquisition Corp. II, a special purpose acquisition company. A SPAC is essentially a shell company that raises money first and finds a business to merge with later, giving that business a faster path to a public listing than a traditional IPO.
The listing was originally slated for October 8 but slipped because of administrative issues. Shareholders eventually signed off on the deal, and the merger closed on October 9. Trading began three days later.
The company has more ceremony ahead. Evernorth plans to ring the Nasdaq closing bell on October 14, 2026.
What Evernorth actually owns
Strip away the stock ticker and Evernorth is mostly a very large pile of XRP. At the close of the merger, the company held approximately 473 million XRP.
At a price of $1.39 per token, that stash was valued at roughly $657 million. The firm also had around $300 million in gross cash proceeds before expenses.
Evernorth says its goal is to increase the amount of XRP backing each share over time, rather than simply sitting on the tokens. To get there, the company plans to lean on several strategies: decentralized finance yield strategies, liquidity management, participation in the XRP ecosystem, and capital markets activity.
The people and money behind it
Evernorth named Hugo Jeandesboz as chief investment officer on the same day the stock began trading. He previously served as co-CIO of Coinbase Asset Management.
The list of backers includes Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken and GSR.
What this means for investors and the market
The clearest impact is on access. Some investors, including certain funds and retirement accounts, cannot easily hold crypto directly but can buy Nasdaq-listed shares. Public companies have to file financial reports, which gives shareholders a clearer view of holdings than many crypto-native structures provide.
The trade-off is that a stock is not the token. XRPN shares can trade above or below the value of the XRP the company holds. DeFi yield can boost returns, but it introduces smart contract and counterparty exposure that a simple holding strategy avoids.
For now, the key metrics to monitor are straightforward. Watch how XRPN trades relative to the value of its roughly 473 million XRP, how the $300 million in cash gets deployed, and whether Jeandesboz’s team can show measurable progress on the XRP-per-share goal.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
--The biggest crypto news this week for presale buyers comes from Pepeto, which has announced its presale raised $11.219 million from more than 43,000 holders. Crypto News: XRP Price Prediction Meets Trump's Market Boost as Pepeto Passes $11.2 Million. We are bullish, and our target is $27.
DUBAI, United Arab Emirates, Oct. 12, 2026 (GLOBE NEWSWIRE) -- The biggest crypto news this week for presale buyers comes from Pepeto, which has announced its presale raised $11.219 million from more than 43,000 holders. That many people putting in that much money during a red market cannot all be wrong, and it is the clearest proof of demand a new project can show. The bigger story: XRP whales are among those buyers, and their size shows they know what is next.
Before we explain what they see, we check the XRP price, our XRP price prediction, plus Trump's newest moves, because together they show a market about to turn.
Crypto News: XRP Price Prediction Meets Trump's Market Boost as Pepeto Passes $11.2 Million
XRP holders are the largest group of new buyers. Why would someone with millions in XRP buy a presale?
Our XRP price prediction explains most of it. We are bullish, and our target is $27. Analyst EGRAG CRYPTO put that number on the 3 day chart on September 30 per Coin Turk, based on a trend line from the 2014 low and the 444 week moving average just under the XRP price, two supports seen before every big XRP rally. The XRP price is $1.40 per U.Today, off last month's highs but far above August's $1.03, and XRP ETFs just logged a 13th straight week of inflows per CaptainAltcoin, so $27 is about 19x. Washington adds fuel. On October 9, Trump pledged no strike on Iran before the midterms, and Bitcoin jumped from $80,400 to $82,600 in hours per CoinDesk, while his SEC chair Paul Atkins proposed rules on October 1 letting funds hold crypto per the SEC. The White House is building the next bull run, and no XRP whale wants to wait years in an $84 billion coin for 19x.
There is a deeper reason. The people who got rich from XRP caught its 2017 run from $0.006 to $3.84 per CoinMarketCap, above 60,000%, and that worked only because they were early.
Those investors want no more long waits. They know the rule: find the next early entry. In 2026, one name keeps appearing in crypto news wherever they look: Pepeto.
What XRP Whales See in Pepeto After the $11.2 Million Milestone
So what is Pepeto, and why is it next to XRP in this crypto news article? Because XRP whales keep choosing it. Pepeto is a meme coin on Ethereum from the original PEPE co-founder, whose last coin reached $11 billion, and it is the most talked about presale of 2026: $11.219 million raised in a red market, 43,000 holders, stages selling out in days, and a live CoinMarketCap page, the kind seen before a major listing. The energy looks just like the weeks before crypto's biggest runs, which is why smart money is already here.
What makes it rare is one token holding all three things behind those runs. It is a presale, and presales have paid 20x to 100x at listing every cycle. It is a meme coin, the category that took Dogecoin from $0.002 to $0.73 in 2021 per CoinGecko, $1,000 into $365,000. And it is an exchange token, with a zero fee exchange and a bridge linking Ethereum, BNB Chain and Solana built, plus 168% APY staking. No project has ever offered all three at once. Rounds close in days, not weeks, and 43,000 holders prove smart money has figured it out, with XRP whales simply first.
Conclusion
This week's crypto news gives one lesson: in crypto, early is everything. Our XRP price prediction is strong, and a $27 XRP price can happen, but it takes years and many things must go right, and nobody who bought XRP after its early run got rich.
Trump is lifting the market and his SEC is opening the door for big money, a bull run may come sooner than most think, and bull runs are short and rare. So one choice in the coming weeks could mean freedom, or lifelong regret.
Pepeto makes that choice simple. One buy gives you presale pricing, meme coin hype and exchange token utility together, a mix that could change every market rule. You can still get in at presale prices, but with 43,000 holders already in, not for long.
For more information about Pepeto (PEPETO): Website: Official Pepeto Website
FAQs
What is the XRP price prediction for 2026?
Our XRP price prediction is $27, about 19x from today's XRP price of $1.40, with Trump lifting the market. But 19x over years is the ceiling for an $84 billion coin, and XRP whales know the real money was made before XRP reached $1.
Why are XRP whales buying the Pepeto presale?
Because Pepeto is the presale, the meme coin and the exchange token in one buy, the three things behind every giant crypto run, and 43,000 holders already put $11.219 million behind it. The whales buying now are doing what early XRP buyers did in 2017: getting in first.
Disclaimer*: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Investing involves risk, including the potential loss of capital. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.*
MEDIA CONTACT
Contact: Dani Bonocci
Email: [email protected]
Website: https://pepetocoin.com/
Phone: +971586738991
Pepeto Finishes a Major Security Upgrade as Our XRP Price Prediction Targets $27 and Trump Lifts the Market
Pepeto Finishes a Major Security Upgrade as Our XRP Price Prediction Targets $27 and Trump Lifts the Market Source: Pepeto
Global banking relies on a universal messaging system to move value across borders. Crypto analyst SMQKE recently provided a detailed overview outlining how this standardized messaging protocol interfaces directly with XRP to facilitate international payments.
The standard behind every bank transactionISO 20022 stands as the primary messaging language for financial transactions worldwide, covering payments, securities, trade finance, and foreign exchange. While ISO 20022 conveys instructions and transaction details, the actual funds transfer occurs on a separate infrastructure. Distinguishing between the messaging and settlement layers is critical to understanding XRP’s utility in the evolving payments ecosystem.
SMQKE explained that Ripple’s payment technology is rooted in ISO 20022, leveraging the pacs.008 message format as its core. When a bank initiates a standard ISO 20022 instruction, Ripple’s network processes the message and settles the value using XRP within seconds. The destination bank then completes the payout in local currency.
Ripple’s network reads ISO 20022 instructions from banks, and XRP settles the value between two currencies in seconds, allowing local currency payouts by the receiving institution while streamlining global transfers through a standardized protocol.
Ripple’s role within the ISO 20022 systemRipple joined the ISO 20022 standards committee early and has since ensured its technology fully aligns with global banking infrastructure. This membership positioned Ripple among those shaping international payments protocols, giving banks the ability to access Ripple’s settlement network without overhauling their own messaging systems.
A primary advantage, as highlighted by SMQKE, centers on eliminating the need for banks to pre-fund Nostro accounts in multiple jurisdictions. By leveraging XRP as a bridge asset, transactions settle in seconds instead of days, and significant capital no longer sits idle in foreign currencies.
The evolution of real-time transaction monitoring also means banks and traders need rapid access to both market data and messaging flows. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, users have access to real-time charts, smart price alerts, coin-specific news, and macroeconomic data in a single interface.
Standard Chartered highlights opportunitiesStandard Chartered has noted that ISO 20022 “can bridge traditional and decentralized finance.” In documentation shared by the bank, XRP is directly referenced as one of the coin providers supporting this integration. This establishes a recognized link between the ISO 20022 standard and XRP’s role as a settlement asset within global payment workflows.
Standard Chartered described ISO 20022 as capable of connecting traditional and decentralized finance, highlighting XRP’s documented role as a coin provider that supports regulated settlement between banks.
SMQKE emphasized that XRP’s place in the current framework was intentional, representing Ripple’s long-term alignment with the messaging protocol that underpins international financial communication.
Regulatory perspective and complianceRipple’s infrastructure is designed to comply with financial regulations, integrating ISO 20022 messaging with digital asset settlement through XRP. This combination enables banks to process cross-border transactions using digital assets while remaining within existing regulatory boundaries.
Evernorth debuted on Nasdaq under XRPN on October 12, with shares briefly gaining 13.43%.
Early gains faded as XRPN stock experienced volatile trading during its first session.
Evernorth entered public markets holding approximately 473 million XRP, valued at roughly $657 million.
The company reported around $300 million in gross cash proceeds following its completed SPAC merger.
Former Coinbase investment executive Hugo Jeandesboz will lead Evernorth’s active XRP treasury strategy.
Evernorth Holdings began trading on Nasdaq on October 12, giving investors a new way to follow XRP through shares. XRPN stock gained about 5% during its debut and briefly advanced 13.43% before losing most of that increase.
Armada Acquisition Corp. II, XRPN
The session brought Evernorth into public markets after a completed merger. Unlike direct XRP ownership, its shares represent a stake in a company that holds and manages the cryptocurrency.
XRPN Stock Pulls Back After Early Jump
Trading turned uneven after the advance. Reports showed the shares about 1.5% higher later in the session, although that figure did not establish the final closing price. The wide swing showed how quickly trading levels changed.
The listing followed Evernorth’s merger with Armada Acquisition Corp. II, a special purpose acquisition company. Shareholders approved the transaction on September 30. An administrative delay to the Nasdaq debut moved trading from October 8 to October 12. The companies completed their merger on October 9.
Evernorth Begins With 473 Million XRP
At closing, Evernorth held approximately 473 million XRP. At $1.39 per token, those holdings were worth about $657 million. The company reported nearly $300 million in gross cash proceeds before expenses, according to its October 9 announcement.
Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken and GSR supported the transaction. Evernorth says it will pursue lending, liquidity provision and other market strategies to increase XRP held per share, rather than simply retaining its existing holdings.
The launch also follows recent selling pressure across XRP markets. XRP traded near $1.46 last week as derivatives traders weighed short positions. XRP price changes can also affect XRPN stock through the market value of Evernorth’s treasury.
New Investment Access Comes With Risks
Evernorth appointed Hugo Jeandesboz as chief investment officer on October 12. The former Coinbase Asset Management co-chief investment officer will oversee treasury allocation, liquidity and active management alongside the company’s leadership.
The listing gives stock investors XRP exposure without requiring cryptocurrency wallets. However, XRPN stock can trade above or below the value of the underlying assets. The recent XRP Ledger security disclosure also drew attention to network risks; developers patched the flaw before publication and reported no known exploitation.
Evernorth expects to ring Nasdaq’s closing bell on October 14. Future company reports should show how it allocates cash, manages risk, and measures its goal of increasing XRP per share.
Evernorth Holdings made its Nasdaq debut under the XRPN ticker on Monday, October 12, in a session marked by significant price swings. The stock opened at $16.68, climbed to $19.39—around 13.5% higher than Friday’s closing price—but quickly reversed these gains, retreating to near $17 as midday trading progressed.
Evernorth Completes Armada MergerThe listing followed Evernorth’s completed merger with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC). Friday’s $17.09 closing price for Armada’s shares offered the closest comparison for XRPN’s initial value, as XRPN was previously traded under the Armada ticker before the merger was finalized.
Early market action reflected buying interest driven by the fresh listing, but shares soon faced selling pressure near the $19.39 mark. According to official notices from Nasdaq, Armada securities were suspended on October 12 and replaced by Evernorth shares trading under the XRPN symbol. At the same time, warrants began trading as XRPNW.
The debut, initially planned for October 8, was postponed due to administrative delays, which shifted the listing and merger closing into the second week of October.
Analysts noted that XRPN’s performance on day one was affected both by new investor demand and the volatile price history of Armada shares prior to the transaction. For this reason, Evernorth’s observed price action may not fully represent current investor sentiment toward the newly merged company.
Treasury of 473 Million XRP and Institutional BackersFollowing the business combination on October 9, Evernorth reported holding approximately 473 million XRP and gross cash proceeds of $300 million before transaction costs, marking one of the largest publicly traded XRP treasuries in the US market.
Key institutional shareholders of Evernorth include Ripple, SBI Group, Arrington Capital, Pantera Capital, Kraken, and GSR. The company clarified that the entire 473 million XRP treasury was assembled prior to the listing and was not acquired on market during the debut session.
Unlike a traditional spot XRP exchange-traded fund (ETF), Evernorth intends to put its digital asset holdings to work by deploying XRP in institutional lending, liquidity provision, and other strategies designed to maximize the number of XRP per share.
This approach offers potential opportunities for income generation; however, it also introduces market, counterparty, and operational risks. Investors purchasing XRPN shares own equity in the company itself, not direct claims to XRP tokens that can be redeemed individually.
Mini dictionary: SPAC (Special Purpose Acquisition Company), a publicly traded company designed to merge with or acquire another business, allowing that business to go public more quickly and efficiently than a traditional IPO.
CompanyXRP HoldingsGross Cash ProceedsMain ShareholdersEvernorth473 million$300 millionRipple, SBI Group, Arrington, Pantera, Kraken, GSRUnlike a conventional spot XRP ETF, Evernorth will actively deploy cryptocurrency holdings through institutional lending, liquidity provision, and other strategies designed to increase XRP per share.
Leadership and OutlookEvernorth has appointed Hugo Jeandesboz, previously of Coinbase Asset Management, as its chief investment officer. The move strengthens the company’s executive team as it prepares to manage one of the largest XRP holdings accessible to public investors.
Evernorth is scheduled to ring the Nasdaq closing bell on October 14, marking the official celebration of its public debut. In the coming sessions, market observers will track whether XRPN’s price stabilizes after its volatile opening days and how the company’s market capitalization aligns with the value of its XRP treasury and other net assets.
Investors purchasing XRPN shares own company equity, rather than holding or redeeming individual XRP tokens directly.
Crypto Rover, a well-known cryptocurrency analyst and YouTuber, has outlined bold price targets for 19 digital assets, anticipating substantial gains across the sector within the next 6 to 12 months. His projections include major cryptocurrencies and several mid-cap altcoins, with some targets sitting multiple times higher than current prices.
Outlook for XRP and Major CryptocurrenciesXRP is currently priced at $1.40. Crypto Rover has identified a target range for XRP between $3.20 and $4.80. Achieving the lower end of this target would represent a 128% increase from the present level, while the upper end would mark a 243% surge. XRP recently dipped to $1.32 before recovering modestly from a recent high of $1.50, remaining near previous support levels. According to Rover, the asset has the potential to reach a new all-time high within the year.
XRP is positioned well for significant gains, with an anticipated target of $3.20 to $4.80 that could surpass its current price substantially.
Bitcoin trades at around $83,800 today. Rover estimates a price target for BTC of $120,000 to $145,000, representing gains of 43% to 73% from current prices. Ethereum is trading near $2,550, with a projected target between $6,000 and $8,000. To reach these levels, ETH would need to climb by 135% to 213%.
AssetCurrent PriceTarget RangePotential GainXRP$1.40$3.20 – $4.80128% – 243%Bitcoin (BTC)$83,800$120,000 – $145,00043% – 73%Ethereum (ETH)$2,550$6,000 – $8,000135% – 213%Solana (SOL)$112$400 – $700257% – 525%BNB$754$950 – $1,50026% – 99%Altcoin Targets and Market OpportunitiesRover’s forecasts extend to several mid-cap and smaller cryptocurrencies, revealing ambitious projections for each asset. Chainlink (LINK) is targeted at $280 to $450, while Zcash (ZEC) has a proposed range of $2,000 to $4,000. Quant (QNT) is forecasted at $550 to $900.
For up-and-coming tokens, Rover has set targets that imply sizable increases. Ondo (ONDO) could reach between $1.50 and $3.00, while Bittensor (TAO) carries a target of $900 to $1,500. Kaspa (KAS) is expected to be in the $0.15 to $0.25 range if his outlook is realized.
Mini dictionary: Bittensor (TAO), an artificial intelligence-focused blockchain protocol, incentivizes the development and exchange of AI models on a decentralized network through its native token, TAO.
Community Sentiment and Investment StrategyCrypto Rover stated that he is taking advantage of current market pullbacks to accumulate these assets, viewing price dips as opportunities rather than signs of risk. This approach reflects confidence in the potential for a broader market rally over the coming months.
While some analysts predict even higher valuations, the actual outcome will depend on market developments in the months ahead.
Many community members appear optimistic about the potential for these assets to outperform, with some suggesting that price targets could be exceeded if favorable conditions persist. Market participants emphasized the value of buying in during price weakness, aligning with Rover’s stated investment strategy.
