Prezidentka Ripple Monica Long uvedla, že institucionální poptávka po XRP i připravovaném stablecoinu RLUSD je na rekordních maximech. Podle ní je zájem „bezprecedentní“.
Ripple president Monica Long announced that institutional demand for both XRP and the company’s upcoming US dollar stablecoin, RLUSD, has reached unprecedented levels. The comments from Long, who oversees institutional partnerships at Ripple—a blockchain-based payments company—have caught the attention of investors and analysts across the sector.
Institutional demand at all-time highsEntrepreneur and Bitcoin advocate Lark Davis emphasized Long’s remarks, noting her observation that current institutional interest is “nothing like we’ve ever seen.” Davis pointed out that Ripple’s unique position allows it to gauge such trends firsthand. He commented that despite such significant demand, the price of XRP has not yet reacted in line with these developments.
Ripple president Monica Long described institutional demand for XRP and RLUSD as ‘unprecedented,’ signaling that interest surpasses anything in Ripple’s previous experience.
Long’s statements carry notable weight within the industry, especially considering her leadership in institutional outreach. Ripple is widely recognized for its integration with major financial entities and as a key player in advancing blockchain-based cross-border payments.
RLUSD, the new stablecoin introduced by Ripple, aims to facilitate instant payments and liquidity between institutions, leveraging blockchain technology to provide faster and more secure settlement compared to traditional systems.
Mini dictionary: RLUSD, Ripple’s US dollar-backed stablecoin designed for enterprise use, is intended to offer fast, reliable, and regulated digital settlements.
Why price has yet to reflect demandDavis explained that the lag between growing institutional interest and price action is mainly due to the nature of institutional operations. Large institutions require extensive internal processes such as board approvals, compliance verification, legal assessments, and secure custody setups before deploying capital into digital assets.
He added that while demand is present and in progress, it takes considerable time for institutions to fully participate. Unlike retail traders, institutional investors do not act on short news cycles. Their onboarding trajectory often extends over months or even years.
Demand is real and already in the pipeline. Institutions move through complex, structured approval processes, which means market reactions can be significantly delayed.
Davis also cited broader market conditions as a factor. He observed that the current bear market has generally slowed price responses to positive news, with suppressed trading volumes and muted reactions across the board.
Potential impact on XRP and RLUSDLong’s insight comes from direct visibility into Ripple’s institutional relationships. Her assessment suggests a build-up of demand behind the scenes, with negotiations and partnerships progressing that have not yet produced visible market moves.
Davis highlighted that in previous cycles, a similar dynamic occurred where prices remained stable until institutional flows reached the open market. Once onboarding is complete and large-scale capital enters, there could be significant price action in both XRP and RLUSD.
The timeline for these developments remains uncertain, as retail investors often move out before institutional allocations appear. Davis stressed that strategically positioning ahead of institutional inflows may be key for participants tracking the next phase of market growth.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Generální ředitel Grayscale Peter Mintzberg podal oznámení o prodeji 2 611 akcií XRP ETF GXRP. Tahle zpráva přichází ve chvíli, kdy podíly fondu výrazně klesají a může to ukazovat na slabší poptávku.
Grayscale, the crypto asset manager overseeing more than $35 billion in assets under management (AUM), has disclosed that CEO Peter Mintzberg plans to sell 2,611 shares of the company’s XRP ETF.
The filing comes as XRP trades near $1.09, raising questions about investor demand and the ETF’s weaker position in the market.
Grayscale CEO Peter Mintzberg filed a Form 144 notice with the SEC to sell 2,611 shares of the Grayscale XRP Trust ETF, trading under the ticker GXRP. Based on the filing value of about $53,395, the shares are worth roughly $20.45 each.
Mintzberg acquired the shares on Oct. 3, 2024, through a private purchase from the trust, well before GXRP became a listed spot XRP ETF.
The proposed sale would be handled on NYSE Arca through Cantor Fitzgerald.
Meanwhile, Mintzberg is also not the first Grayscale insider to reduce exposure to GXRP. Digital Currency Group founder Barry Silbert and Grayscale Chief Legal Officer Craig Salm filed notices to sell their pre-listing GXRP shares in January 2026, when the ETF was trading near $37.
While Mintzberg’s proposed sale is small, the wider movement in GXRP shares is more important for investors.
Regulatory filings from January showed GXRP had approximately 5.79 million shares outstanding. However, more recent filings indicate that figure has declined significantly.
Since ETF share redemptions typically require the fund to sell its underlying XRP holdings and reduce the number of outstanding shares, the drop may reflect weakening investor demand.
At the same time, GXRP is facing growing competition from newly launched U.S. spot XRP ETFs. While the broader XRP ETF market has grown to more than $971 million in net assets, Grayscale now holds only about 6% of the market, according to the Soso value data.
Even so, investor interest in XRP remains strong overall, with cumulative inflows across U.S. XRP ETFs surpassing $1.5 billion.
XRP Price Faces Key $1.12 ResistanceDespite the filing news, XRP price continues to rise 2.57% in 24 hours to around $1.09.
However, the technical picture remains cautious. XRP is trading below its 30-day and 200-day moving averages, while RSI sits near 40 and MACD is close to a bearish crossover.
A daily close above $1.12 could strengthen the recovery and put $1.50 back in focus. If XRP fails to break higher, continued ETF redemptions and weaker momentum could keep the token under pressure.
Story Ends Here
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The XRP Ledger has also implemented the fixCleanup3_2_0 amendment, which is another significant update in the network. The amendment received 85.71% validator consensus with 30 out of 35 trusted validators voting in favor of the amendment, with 5 validators opposing the proposal.
XRP Ledger Fix Amendment Is Live Now XRPScan data indicates that the amendment has now been activated, with XRPL version 3.2.0 as the minimum version needed to be compatible with the mainnet.
The update has an immediate impact on operators using software versions prior to that. XRPScan said, “The fixCleanup3_2_0 amendment is now active. With this, all nodes running version 3.1.0 and below are amendment blocked until they upgrade to 3.2.0. Please take action to ensure service continuity.”
The latest release is also very well received in the network data. There are currently 103 validators running version 3.2.0, that is 68.67% of all validators, and 543 nodes running version 3.2.0, 64.26% of all nodes. In comparison, version 3.1.3 is still used by 37 validators (24.67%) and 268 nodes (31.72%) meaning a lot of operators have already upgraded, and some are still upgrading.
fix amendment for the XRP Ledger just went live, now XRPL 3.2.0 is the new min version for main net.
the XRP Ledger just got better in a flip of the switch moment. pic.twitter.com/Vugr2Xq4PT
— Vet (@Vet_X0) July 29, 2026
The milestone was also noted by an XRPL dUNL validator Vet, who posted: “fix amendment for the XRP Ledger just went live, now XRPL 3.2.0 is the new min version for main net.” The validator added, “the XRP Ledger just got better in a flip of the switch moment.”
The alert comes after a previous warning issued by XRPL contributor Vet who wrote, “all nodes running XRPL versions below 3.2.0 will experience service interruptions.” Those nodes that have not been upgraded will not be able to continue to be compatible with the network following the amendment.
What Has Changed With The Update? It includes several bug fixes and enhancements to the infrastructure and developers. It also brings in the biggest protocol change in the release, XLS-0095. The XRP Ledger’s server software officially changes its name from rippled to xrpld as part of that change. The migration started on the 15th of June and changes to configuration paths, deployment scripts, metadata references and database directories for node operators.
The fixCleanup3_2_0 patch introduces correction of rounding and accuracy problems detected in the Single Asset Vaults and Lending Protocol on XRP Ledger. It also addresses some bugs in the Permissioned DEX and Permissioned Domains, which enhances the existing functionality without adding any new network features.
Aviva Investors spustila na XRP Ledger svůj první tokenizovaný fond ve spolupráci s Ripple. Jde o tokenizovanou třídu USD Liquidity Fund, schválenou i centrální bankou Irska.
U.K. asset manager Aviva Investors has announced the launch of its first tokenized fund in partnership with crypto firm Ripple. This follows the partnership that both firms struck earlier this year to advance tokenization on the XRP Ledger (XRPL)
Aviva Investors Tokenizes USD Fund On XRP Ledger In a press release, the asset manager announced the successful launch of a tokenized share class of its USD Liquidity Fund on the XRP Ledger. “This marks the first tokenisation of an Aviva Investors fund, and follows the announcement of the partnership between the firm and Ripple early in the year,” the release read.
As CoinGape reported, Ripple partnered with Aviva Investors earlier this year to advance tokenization on the XRP Ledger. This is notably Ripple’s first partnership with a European investment firm to tokenize real-world assets (RWA) at scale.
Aviva Investors revealed that crypto custodian Komainu and digital platform company Licuido both supported the launch of the tokenized share class. Meanwhile, the asset manager also received approval from the Central Bank of Ireland (CBI) for the launch of this tokenized fund.
Coincidentally, the launch of this tokenized fund comes as the Ripple-backed XRP Ledger fix amendment goes live. The network’s developers have continued to push upgrades in a bid to boost the network’s institutional adoption.
How The Fund Works Aviva Investors noted that the fund targets low-risk returns and daily liquidity by offering investors exposure to high-grade US dollar-denominated short-term debt instruments. The asset manager further mentioned that the new share class will be available to eligible investors with digital wallets.
Meanwhile, BNY Mellon, the fund’s custodian, will be responsible for holding the assets for these tokenized shares. “The structure has been designed to operate within existing regulatory frameworks, providing a scalable foundation for future innovation in fund distribution and market infrastructure,” the asset manager added.
The XRP Ledger continues to see increased activity in terms of tokenization. RWA.xyz data shows that the total tokenized value on the network currently stands at just over $4.3 billion. The RWA holders on the network are notably up over 17% in the last month.
For more on tokenization, please check out our page on Best Platforms to Trade Tokenized Stocks
OSL Hong Kong spustila retailové obchodování s XRP 29. července 2026 a stala se první SFC licencovanou platformou v Hongkongu, která dává běžným investorům přímý spotový přístup. XRP je nyní na platformě vedle Bitcoinu, Etherea a Solany jako jeden ze čtyř tokenů schválených pro retailové obchodování.
Hong Kong’s OSL Hong Kong XRP retail trading chapter officially opened on July 29, 2026. OSL Digital Securities, a subsidiary of publicly listed OSL Group (HKEX: 863), confirmed the launch via X, making it the first Securities and Futures Commission (SFC)-licensed platform in the city to grant everyday investors direct spot access to XRP.
Hong Kong’s First Retail XRP On-Ramp Goes Live on a Licensed Venue OSL announced two retail-accessible pairs at launch: Flash Trade XRP/USD and OTC XRP/USD plus XRP/HKD, all settled on the XRP Ledger. XRP now sits alongside Bitcoin, Ethereum, and Solana as the only four tokens approved for retail trading on the platform.
Breaking News🚨 XRP trading is NOW live for RETAIL investors on OSL HK — the FIRST exchange in Hong Kong to offer retail XRP trading!
XRP by @XRPLF is a decentralized digital asset native to the XRP Ledger, built to enable lightning-fast cross-border payments and… pic.twitter.com/GtJdCk0h7C
— OSL HK (@OSL_HK) July 29, 2026
This expands access beyond the December 2025 professional-investor (PI) listing, when OSL HK restricted XRP to institutional and high-net-worth clients via Flash Trade pairs including XRP/HKD, XRP/USD, and XRP/USDT.
The HKD pair is particularly significant. It creates a fiat on-ramp in one of Asia’s deepest financial centers, giving Hong Kong residents a fully licensed path to buy XRP without relying on offshore platforms.
OSL holds Type 1 and Type 7 SFC licenses, plus AMLO registration, and carries $1 billion in client asset insurance, a combination few crypto venues globally can match.
CLARITY Act discussions in the U.S. continue to move slowly through Congress. As XRP and Bitcoin price analysis ahead of the CLARITY Act showed, clarity on U.S. market structure remains pending, yet Asia is building regulated infrastructure now.
Asia Builds Regulated XRP Rails as Institutional Signals Mount Hong Kong’s move reflects a broader regional pattern. While U.S. regulators continue drafting legislation, Asian venues have been quietly expanding compliant access to XRP.
OSL’s retail listing lands at a time when XRP spot ETFs extended an eight-week inflow streak, reaching $1.49 billion in cumulative inflows, a sign of sustained institutional appetite.
On the XRPL itself, tokenized real-world assets (RWAs) have grown from around $150 million a year ago to over $4 billion, as tracked by Evernorth.
RLUSD, Ripple’s stablecoin, also saw a 45% supply expansion in Q1 2026, per Messari data.
XRP utility rising as XRPL RWA market cap hits $2.25B, alongside strong ETF inflows, reflects a fundamentals picture that institutional capital is actively reacting to.
Ripple’s regulatory footprint also expanded in Europe recently.
As reported, Ripple’s XRP and XRPL are already viewed as CLARITY Act-compliant by several legal observers, strengthening the asset’s position across multiple jurisdictions simultaneously.
See our picks for newly launched cryptos worth watching this month.
XRP klesá na 1,06 USD, za týden téměř o 8 %, protože Senát odložil Clarity Act před srpnovou přestávkou. Trh zároveň čeká na rozhodnutí Fedu 29. července.
In brief XRP is trading at $1.06, off nearly 8% over the past week. The movement happens as the U.S. Senate shelved the Clarity Act before its August recess and global markets braced for the Fed's July 29 rate decision. XRP's technicals are almost uniformly bearish: a confirmed death cross, RSI at 40.9, negative Squeeze momentum, and a composite score of -63%—the only technical lifeline is that it is deeply oversold. The global macro backdrop is as unfavorable as it's been all year for crypto markets.
New Federal Reserve Chair Kevin Warsh, in only his second FOMC meeting, is widely expected to hold rates at 3.50%–3.75%, but CME FedWatch put hike odds near 38% as recently as last weekend—the highest of this cycle. Even a hawkish hold can rattle risk assets. Bitcoin is parked near $63,400–$64,000, well below its June highs around $80,000, and altcoins are taking the brunt.
XRP, the cryptocurrency developed by the founders of payments company Ripple, had a moment of optimism this month that now feels like a distant memory. As Decrypt reported on July 21, the coin cautiously jumped 3.25% to $1.1485 when reports broke that President Donald Trump had agreed to the Clarity Act's long-stalled ethics provision, briefly nudging Senate passage odds on Polymarket to 43%. That lasted about a week.
On Monday, the Senate formally shelved the Clarity Act to prioritize a Russia sanctions bill and federal nominations. The chamber's August recess begins around August 7—which means there is a thin frame for the bill to be approved this year. Miss that window, and the next opportunity might not come until 2027.
For XRP, the stakes are concrete: The Clarity Act would codify its commodity classification into law, the legal bedrock that institutional custodians, banks, and ETF issuers need to feel comfortable building products around it. Standard Chartered's conditional $8 XRP target—contingent on full Senate passage plus $4 billion to $8 billion in new ETF inflows—stays theoretical without it.
So things are not looking great for Clarity, or XRP.
XRP price: What the charts sayXRP is trading at $1.0641 and a roughly $65 billion market cap on Binance, with a 24-hour low of $1.0450 and a high of $1.0679. The token peaked near $3.40 in mid-2025 and has been in a sustained descending channel ever since, logging lower highs and lower lows for months.
XRP price data. Image: TradingviewThe Average Directional Index, or ADX, sits at 11.2—one of the weakest readings XRP has posted all summer. The ADX measures trend strength on a 0–100 scale, regardless of whether that trend is up or down. Think of it as measuring how much conviction the market has: anything below 25 signals no confirmed trend is in place, and sub-20 readings are associated with choppy, directionless markets where false breakouts and stop hunts are common.
As Decrypt flagged on July 16, when the reading was 13.3, XRP has been stuck in exactly this trendless limbo for most of July. One mildly constructive signal: the directional indicator is starting to rotate from DI- (bearish dominance) toward DI+ (bullish pressure building). So there’s hopium somewhere in there.
The Exponential Moving Averages, or EMAs—which smooth out price action over time to reveal trend direction—confirm the big picture: the 50-day EMA is trading below the 200-day EMA in the formation traders call a death cross. When the shorter average sits below the longer one, it means the medium-term trajectory is still pointed downward, regardless of short-term bounces. This alignment has been in place since XRP's slide from the $3.65 all-time high, and there is no sign yet of the two averages starting to converge.
The Relative Strength Index, or RSI, reads 40.9. RSI is a momentum gauge on a 0–100 scale: above 70 is overbought, below 30 is oversold. At 40.9, XRP is in bearish territory—below the neutral 50 line—but not yet at the extreme levels that typically attract aggressive buyers looking for a floor.
On the Fibonacci side (natural supports and resistances that appear during a trend) the current bearish leg runs from $1.1646 down to $1.0450. Below that price, the next Fib support is $1.0125, followed by $0.9711.
What happens nextTwo events will define XRP's next directional move. If Fed Chair Warsh holds and signals a dovish tone—or hints at September cuts—crypto gets a relief pop, and XRP could test the Fibonacci golden zone between $1.10 and $1.12. If the statement reads hawkish or a dissenting vote appears, the sell-off has room to extend toward $1.01 and, below that, the $0.97 zone.
The Clarity Act is the bigger, longer-term variable. The Senate's August recess starts August 7. If a floor vote doesn't materialize before then, XRP's primary institutional catalyst evaporates until at least late 2026—and possibly well beyond, given the midterm election calendar that follows.
The technical setup argues for patience rather than urgency. A market this trendless—ADX at 11.2, Squeeze loaded with negative momentum, death cross intact—can compress for longer than most traders expect before resolving. The oversold indicators could produce a short-term bounce toward but without a macro catalyst or a legislative surprise, that bounce is more likely a selling opportunity than the start of a new trend.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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CLARITY Act získává podporu Goldman Sachs a Fidelity a v Senátu už má 51 potvrzených hlasů, stále mu ale chybí 9 demokratů k průchodu. XRP mezitím drží 4. místo mezi tokenizovanými reálnými aktivy s hodnotou 4,1 miliardy USD.
The CLARITY Act, a proposed bill aiming to define the regulatory landscape for digital assets in the United States, has gained prominent support from major financial institutions. Goldman Sachs CEO David Solomon and multinational investment giant Fidelity have both called on the Senate to approve the legislation, highlighting its significance for the industry’s future.
Senate vote and party dynamicsCurrently, the CLARITY Act has secured 51 confirmed votes in the Senate, but needs an additional 9 Democratic Senators to cross the 60-vote threshold required for passage. Patrick Witt, one of the bill’s leading advocates, acknowledged Senate Majority Leader John Thune’s expectation that the bill would not reach the floor before August but remained hopeful that momentum could build sooner.
Witt argued that it is unusual to expect 10 Democrats to commit ahead of a key vote, pointing out that such negotiation tactics have characterized Democratic approaches throughout the legislative process.
Supporters of the CLARITY Act believe that some Democratic senators who now express reservations previously voiced similar concerns about the Genius Act, but ultimately voted in favor after rounds of negotiation and concessions.
Senator Gallego, for example, has recently voiced opposition to the bill, yet during debate on the Genius Act, he also sought additional time before eventually backing the final version. This pattern suggests the possibility of last-minute changes in position when legislative stakes are high.
Senate Majority Leader John Thune has committed to bringing the bill to a vote on the Senate floor. Anthony Scaramucci, founder of the investment firm SkyBridge Capital, remarked that if the CLARITY Act is brought to the floor, its passage appears likely, noting the political implications for younger Democratic senators wary of opposing the cryptocurrency sector ahead of the next election cycle. Former Congressman Patrick McHenry added that “it’s sort of when, not if.”
Market impact and XRP price movementCryptocurrency analyst Lark Davis commented on the muted response from XRP’s price despite the legislative attention. Davis explained that early holders of XRP, some of whom have waited several years, are selling into institutional demand created by ETF inflows. This dynamic means that while new capital is entering the market, it is offset by longtime holders exiting, keeping the price relatively stable despite increased volumes.
Davis stated that this kind of capital rotation “creates a structural floor below the market,” and historically, such distribution patterns have often preceded substantial price upswings.
BankXRP, a digital asset analytics service, reported a sharp decrease in XRP exchange activity, with Binance deposits and withdrawals dropping from $650,000 in June to $350,000 currently. This kind of cooling in exchange flows was last seen just prior to the notable rally in October 2025.
Mike Novogratz, CEO of digital asset firm Galaxy Digital, emphasized the industry’s cyclical nature and noted that crypto markets have historically experienced renewed momentum every four years in October.
XRP has achieved the 4th position globally in tokenized real-world assets, now holding $4.1 billion in tokenized assets on the XRP Ledger. By comparison, Ethereum holds 10th place in this category.
AssetTokenized Assets on LedgerGlobal RankXRP$4.1 billion4thEthereumNot specified10thDigital Asset Investor, a well-known crypto commentator, highlighted that this combination of decreasing exchange supply, progress on key legislation, and improving real-world asset tokenization infrastructure could underpin future breakout moves in XRP’s price.
Mini dictionary: CLARITY Act – Proposed U.S. legislation designed to set clear regulations and definitions for digital assets, aiming to bring legal certainty for companies operating in the crypto sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Flare ve verzi Smart Accounts 1.3 zjednodušuje držitelům XRP přístup do DeFi jediným podpisem v peněžence. Zároveň odpadá nutnost samostatné peněženky, bridge i gas tokenů.
The update makes DeFi access easier by reducing the approval process to a single wallet signature.
Flare has introduced Smart Accounts version 1.3 to simplify how XRP holders access decentralized finance (DeFi) without changing their existing wallet. The update also removes the need to create separate wallets, manually bridge assets, or manage gas tokens before using DeFi services.
According to a press release sent to CryptoPotato, users now need only a single wallet signature to access DeFi. Previously, the process required two separate approvals.
How Smart Accounts Version 1.3 Works Under the new version, users approve a single transaction from their XRP Ledger wallet. The system then converts their XRP into FXRP and automatically deposits it into a selected yield vault.
The Flare Data Connector verifies the XRP Ledger transaction before a smart contract completes the remaining steps. Flare said the original XRP remains locked on the XRP Ledger at a one-to-one ratio throughout the process.
This setup allows users to retain control of their assets while removing the need for manual bridging or obtaining gas tokens on another blockchain. The simplified process comes as FXRP activity across decentralized finance platforms continues to expand.
Since February, the amount of FXRP deployed across DeFi applications has grown by nearly 75%, rising from 82 million to 144 million. Flare also reported that more than 40 million XRP is currently earning through Smart Accounts across nearly 24,000 accounts.
New Vaults and Broader Wallet Integration Commenting on the update, Chief Product Officer Filip Koprivec said millions of XRP holders had wanted access to DeFi, but the experience had been too complex. He said version 1.3 lets users move from XRP to yield with a single wallet signature while remaining fully non-custodial.
You may also like: Ripple (XRP) News and Price Update: July 27 Ripple (XRP) ETF Inflows Set Another Record, but One Problem Remains Do People Interested in XRP Actually Care About Ripple? The version also expands the available yield options with two vaults offering different approaches. Users can continue using the Monarq vault or choose the new Clearstar Flare XRP Yield Vault, which uses on-chain lending and liquidity strategies.
According to the company, the Clearstar vault distributes FXRP across protocols including Avant and Euler while keeping all positions publicly visible. Flare added that Clearstar has previously managed more than 33 million FXRP through earlier deployments.
The update also expands wallet support to Ledger, Xaman, Joey Wallet, WalletConnect, including Bifrost, and D’CENT. Joey Wallet has integrated the Smart Accounts interface directly into its application, allowing users to complete the process without leaving the wallet.
SBI Holdings přejmenuje svou dceřinou společnost na SBI Digital Practice k 22. červnu 2026 a postaví ji na Canton Network pro institucionální on-chain finance. Tím rozšiřuje svou strategii i mimo XRP Ledger a RippleNet.
Ripple’s closest banking partner in Asia is expanding its blockchain goals beyond the XRP Ledger and RippleNet. SBI Holdings has announced a major restructuring of one of its wholly owned subsidiaries, with the business at the heart of its strategy with respect to the Canton Network. The shift is the latest effort by SBI to venture into institutional on-chain finance alongside its move off Ripple’s network.
Ripple Partner SBI Holdings Adopts Canton Network On Tuesday, July 28, SBI Holdings has announced that SBI Security Solutions Co., Ltd. will be renamed to SBI Digital Practice Co., Ltd., as of June 22, 2026. The company will now be SBI’s standalone business in the financial services space based on the Canton Network. According to the company overview, SBI Holdings owns 100% of the business, which is headquartered in Roppongi, Minato-ku, Tokyo.
The restructuring follows the long-term vision of on-chain finance of SBI. About the financial products and transactions, the company noted that blockchain networks are increasingly being used. Thus, SBI Digital Practice will support financial institutions to create compliant blockchain framework and promote institutional adoption.
The subsidiary will offer such financial firms an end-to-end support, SBI said. It will be involved in creating financial infrastructure and applications on the Canton Network. It could therefore helping domestic and foreign institutions implement, and creating platforms for cross-border and cross-currency transactions.
The company overview also mentions that SBI Digital Practice will be primarily concerned with on-chain financial services, business development, system building, and operations. Earlier, SBI Holdings partnered with Fassets to move forward with stablecoin cross-border initiative.
Is SBI Looking Beyond XRPL, RippleNet? It’s a noteworthy announcement since SBI has close ties with Ripple. In 2016, SBI Holdings and Ripple founded SBI Ripple Asia in an attempt to expand RippleNet-based cross-border payments throughout the Asia-Pacific area. The joint venture also has been a key component in institutional adoption on the XRP Ledger and Ripple’s enterprise payment technologies.
However, the newest step signals SBI’s institutional blockchain strategy is not only based on the Ripple network but also on their own platforms. The expansion follows the month of SBI Ripple Asia’s reaffirmation of its support for XRPL just months ago. The company has recently become a Japanese third-party prepaid instrument issuer. It also launched a token issuance platform on the XRP Ledger in April 2026 to empower businesses to create compliant digital tokens.
SBI anticipates the demand for the Canton Network will continue to rise at the institutional level. Today, the network includes more than 600 participating institutions, including Goldman Sachs, BNP Paribas, Broadridge, Franklin Templeton, and Euroclear, SBI added.
Moreover, the total value of assets on the network has reached over $6 trillion, according to SBI. The firm also noted that DTCC’s recent adoption of Canton for the digital securitization of U.S. Treasury bonds was another indicator of the increasing institutional use of the company’s solution.
SBI is certainly one of Ripple’s most reliable partners but its recent restructuring suggests the company is no longer focused on a single blockchain ecosystem for its digital asset strategy. Instead, it’s preparing itself to take a wider piece of the institutional pie of multi-chain on-chain finance.
For RWA-related info, check out our page on Top Real World Asset (RWA) Issuers.
XRP Ledger po letech odmítání chytrých kontraktů zavádí vlastní programovatelnost: XLS-100d Smart Escrows s WebAssembly má devnet a XLS-101d Smart Contracts už odkazuje na Hooks i EVM.
Xahau, který Hooks nasadil už v roce 2023, tak má nového konkurenta.
In 2023 a group of developers forked the XRP Ledger because its validators would not adopt smart contracts. Three years later the parent chain is shipping its own programmability layer, and the drafted specification names the fork’s technology as an inspiration. Here is what actually happened, what it means for XAH, and why three competing architectures now answer the same question.
Summary
Xahau launched in 2023 as a fork of the XRP Ledger’s rippled codebase, carrying the Hooks amendment that XRPL validators never adopted, with its own token, its own validator set, and a governance system run through a genesis account hook. The XRP Ledger is now building programmability natively: XLS-100d Smart Escrows, using WebAssembly, sits among known amendments with a devnet live, and XLS-101 Smart Contracts is a drafted specification that cites both Hooks and the Ethereum Virtual Machine as influences. Xahau rejects the sidechain framing entirely, positioning itself as an independent Layer 1 that diverged in its own direction, with features the parent lacks and vice versa, and describing the borrowing as mutual. Three architectures now answer the same question for one ecosystem: Hooks on Xahau, Solidity through the EVM sidechain whose first year this publication audited at $25,741 in total value locked, and WebAssembly natively on the main ledger. The open question is what a fork is worth once the chain it left ships the capability it forked for, and XAH is the asset where that question gets priced. Forks in crypto usually happen over money or ideology. This one happened over a feature. In 2023, after years in which the XRP Ledger’s validators declined to adopt Hooks, a lightweight smart-contract system that would let small pieces of code live on accounts and govern the transactions those accounts send and receive, the developers behind it stopped waiting. They took the ledger’s open-source rippled codebase, added Hooks, launched a network called Xahau with its own token and its own validators, and shipped the capability the parent chain would not. Ripple’s chief technology officer publicly supported the move at the time, saying he could not think of a better path forward for the technology. Three years later the parent chain is building programmability after all. XLS-100d, a WebAssembly-based Smart Escrows amendment, is among the known amendments with a devnet running, and XLS-101d, a drafted specification for general smart contracts, explicitly names both Hooks and the Ethereum Virtual Machine among its influences. This piece examines what that convergence actually means: for the ledger that spent years refusing, for the fork that stopped waiting, and for an ecosystem that now has three separate answers to the question of how a payments chain becomes programmable.
JUST IN: Ripple joins Squid’s $6m strategic round. Squid, powered by Axelar, routes liquidity across 100+ chains with $6B+ cross-chain volume and XRPL integration pic.twitter.com/95RBM2OkKY
— crypto.news (@cryptodotnews) May 24, 2026 Understanding the fork requires understanding what it kept, because Xahau is not a departure from the XRP Ledger’s design so much as an addition to it.
The network preserved the core: the consensus protocol, the native decentralized exchange, and the fee-and-reserve logic that protects the ledger against spam by charging and burning fees in the native token. What it added was Hooks, small pieces of code installed on an account that impose rules on transactions before those transactions execute, enabling functions such as time locks on transfers, social-recovery arrangements for accounts, and self-custodial direct debits. The design philosophy is deliberately narrow. Hooks were never intended to replicate a general-purpose virtual machine; they are lightweight logic reacting to ledger events, executing fast enough to preserve settlement speed and cheap enough to suit a payments chain.
Two further design choices distinguish it. Xahau substituted a simpler token standard for the parent’s NFT implementation, and it built a governance system in which the genesis account itself is controlled by a hook that regulates matters including the emission of new XAH, administered through a two-tiered arrangement with up to twenty independently owned validators as participants. Governance by smart contract, on a chain whose reason for existing is smart contracts, is at least internally consistent. XAH functions as the network’s fee and reserve asset, with a balance-rewards mechanism that has no equivalent on the parent chain.
The launch was contentious in the way ecosystem splits usually are, with parts of the XRP community expressing unease at the lack of official involvement, and with the fork’s supporters arguing that validators refusing an amendment for years had left no alternative. The relevant point for today is that Xahau shipped and kept shipping, accumulating a validator set, an exchange listing history, and a working developer story around a capability the main ledger did not have.
What the parent is shipping now The XRP Ledger’s current roadmap describes a different route to the same destination, and the specifications are public.
XLS-100d, Smart Escrows, brings WebAssembly-based conditional logic to escrow objects, allowing programmable conditions to govern the release of funds, and it appears among the ledger’s known amendments with a dedicated devnet for developers to test against.
That is a narrow, payments-native form of programmability: not a general computing environment, but escrows that can enforce arbitrary conditions written in a widely supported bytecode format. XLS-101d, Smart Contracts, is the broader specification, drafted in 2025, proposing general smart contract capability on the ledger and citing both Hooks and the EVM among the designs it draws from.
The choice of WebAssembly instead of a bespoke virtual machine is the interesting technical decision, because it imports an existing toolchain and developer base rather than asking builders to learn something proprietary. It is also, in its way, an admission: the ledger that resisted programmability for years is now adopting a mainstream execution standard, and doing so with public acknowledgment of the technology that forked away over exactly this question.
The timing places three approaches in the same ecosystem simultaneously. Hooks run on Xahau. Solidity runs on the XRPL EVM sidechain, whose first year this publication audited and found holding $25,741 in total value locked, a figure that remains the sharpest available evidence that architectural compatibility does not produce developer gravity by itself. And WebAssembly is arriving natively on the main ledger. Three answers, one ecosystem, and no consolidation in sight.
The fork refuses the frame The narrative that writes itself, that a parent chain has absorbed the innovation its fork proved out, is one Xahau explicitly rejects, and its objection deserves fair treatment because it complicates the story usefully.
The current positioning from the Xahau side is that it is not a sidechain and never was one in any meaningful operational sense: it is an independent Layer 1, built from a fork of the XRPL codebase, that has evolved in a completely different direction with its own validators, its own governance, and its own economics. On this account the two networks occasionally adopt ideas from one another and otherwise develop separately, with features existing on each that do not exist on the other. The sidechain confusion, the argument goes, comes from early marketing history and not from present reality.
That framing is defensible on the technical facts and self-interested at the same time, which is normal for any project describing itself. Independence is real: separate consensus, separate validator set, separate token with its own monetary policy. Mutual borrowing is also real, since specifications flow in both directions among developers who largely know each other. But the asymmetry is equally real and no framing dissolves it. When the parent ledger ships general programmability, a developer choosing where to build weighs Xahau’s head start and Hooks’ elegance against the main ledger’s liquidity, its institutional relationships, its exchange support, and the ecosystem’s marketing gravity. Forks that exist to supply a missing capability face their hardest test at exactly the moment the capability stops being missing, and no amount of correct positioning about independence changes the competitive arithmetic a builder actually runs.
The threshold that decides everything Everything in this piece depends on a governance mechanic that outsiders consistently underestimate, and the ledger’s own recent history supplies the cautionary case.
XRP Ledger amendments activate only when validators on the default list signal support at or above eighty percent, and that support must hold continuously for two weeks before the change takes effect. Fall below the line at any point in the window and the clock resets. There is no foundation that can force adoption, no core team veto, and no timetable: an amendment can sit in the known-amendments list indefinitely, gathering partial support, activating never. Hooks itself is the proof. The specification existed, the implementation worked, the technology was sound enough that the ledger’s own chief technology officer publicly endorsed the fork that shipped it, and the amendment still never reached the threshold on the main chain. Years of availability produced no activation, which is precisely why Xahau exists at all.
That history should discipline every forecast about XLS-100d and XLS-101d. A specification in the known-amendments list is a proposal that validators may or may not adopt, and a drafted specification like the general smart contracts proposal is a step earlier still. Both could activate this year; both could sit for three years; either outcome would be consistent with the ledger’s record. The ecosystem’s more recent experience cuts the same way in the opposite direction, since a maintenance amendment this summer sat near forty-eight percent support for a month before validators moved and carried it past the threshold at eighty-six percent, showing that stalled votes can turn quickly once the coalition assembles. Prediction is unwise in both directions.
The threshold also shapes the competitive dynamic between the two chains in a way neither side usually discusses. Xahau’s governance runs through a hook on its genesis account under a two-tier arrangement with up to twenty validators, which is a materially different mechanism from the parent’s eighty percent supermajority, and the fork’s ability to ship features it decides to ship is not a small advantage for a network whose entire premise is programmability. A chain that can adopt is structurally different from a chain that must persuade. Whether that speed advantage matters more than the parent’s liquidity is the actual competition, and it is a question about governance architecture more than about virtual machines.
For a reader tracking this, the practical instruction is simple: ignore roadmap announcements and watch the validator vote count, published continuously, on the specific amendments. Announcements are intentions. The count is the only thing that has ever decided what the XRP Ledger does.
What it means for XAH The honest assessment splits into a bear case and a bull case that are both stronger than the ecosystem’s usual discourse allows.
The bear case is straightforward. XAH’s investment thesis has substantially been that Xahau is where XRPL-ecosystem smart contracts live. If XLS-100d and XLS-101d ship and function, that thesis erodes toward a narrower claim: Xahau is where a particular style of lightweight account-attached logic lives, competing against native WebAssembly contracts on a chain with vastly more liquidity, more integrations, and more attention. Fee-burn value accrual on a chain whose activity moves elsewhere is the same problem this publication has documented across the value-accrual arc, arriving in a smaller ecosystem with less cushion.
The bull case rests on three points that deserve their weight. First, shipping schedules: XLS-101d is a draft, amendments require validator adoption at an eighty percent threshold sustained over two weeks, and the ledger’s own history, including the years Hooks spent unadopted, is the strongest available evidence that XRPL amendments can stall indefinitely. Xahau’s capability exists today; the parent’s is a specification and a devnet. Second, design divergence: Hooks and WebAssembly contracts are not substitutes for every purpose, and lightweight event-triggered logic on accounts has properties a general contract environment does not. Third, and most underrated, the governance experiment: a chain whose emission and genesis account are administered by a hook under a two-tier validator arrangement is running a live test of on-chain governance that the parent has not attempted, and if that works at scale it is an independent reason for the network to exist.
The verdict this piece can honestly offer is narrower than either case: the fork’s premise has changed, and the market has not repriced it because the parent’s capability is not live yet. When XLS-100d activates, the question stops being theoretical, and XAH becomes the cleanest available measure of what a fork is worth after the reason for forking has been addressed at home.
What to watch XLS-100d’s amendment vote. Smart Escrows crossing the eighty percent validator threshold and completing its two-week activation window is the event that converts this from a roadmap story into a live competitive fact. Watch the vote count, not the announcements.
XLS-101d’s progression. A drafted specification is a long way from an activated amendment. Whether the general smart-contract proposal moves toward candidate status within the year, or joins the long list of XRPL specifications that never reached a vote, determines the scale of the challenge to Xahau.
Developer migration signals. New deployments, tooling investment, and grant activity across the three environments are the leading indicators. The EVM sidechain’s first-year experience is the cautionary baseline: compatibility alone moved nothing.
Xahau’s differentiation response. The fork’s strongest move is to lean into what the parent will not copy, meaning its governance model, its balance rewards, and Hooks’ specific ergonomics. Whether the project pivots toward those or defends the general smart-contract ground is the strategic tell worth watching.
A closing observation about what this episode says about the ecosystem’s decision-making, since the technical story has a governance moral. The XRP Ledger’s amendment threshold is a genuine decentralization feature, the same property this publication has praised when validators declined to follow Ripple’s own signaling on other proposals, and it is also the reason a capability the ecosystem clearly wanted took six years and a fork to arrive. Both statements are true, and the tension between them is the permanent condition of any network that makes protocol change hard on purpose. Chains that can ship quickly capture opportunities and make mistakes quickly; chains that require supermajorities avoid mistakes and miss windows. Neither is a flaw to be fixed.
What the Xahau episode adds is the observation that in an open-source ecosystem, the slow chain does not actually prevent the feature from existing. It only determines where the feature lives, who benefits from it, and which token captures whatever value it generates. The developers who wanted Hooks did not wait; they left, built, and launched, and the parent chain’s caution cost it three years of programmability and handed a competitor its founding purpose. Now the parent is building the capability anyway, on its own timeline, with the fork’s work as a reference. That is either the system working exactly as designed, with experimentation happening safely outside the main ledger before the ideas mature into it, or an expensive way to arrive at a destination the ecosystem could have reached directly. Both readings have adherents, and the amendment vote will not settle which is right.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Protocol specifications, amendment statuses, and roadmaps change, and drafted proposals may never activate. Nothing here is a recommendation to buy, sell, or hold any asset. Always do your own research. Information is accurate as of July 27, 2026.
Frequently Asked Questions What is Xahau? An independent Layer 1 blockchain launched in 2023 as a fork of the XRP Ledger’s open-source rippled codebase, created to implement Hooks, a lightweight smart contract system that XRPL validators had not adopted. It retains the parent’s consensus protocol, decentralized exchange, and fee-burning design while adding programmability, its own token XAH, its own validator set, and a governance system administered through a hook on the genesis account.
What are Hooks? Small pieces of code installed on an account that impose rules on transactions the account sends or receives, executing before those transactions complete. They enable functions such as transaction time locks, social-recovery arrangements, and self-custodial direct debits. Hooks were designed for speed and low cost rather than to replicate a general-purpose virtual machine, which is the core design difference from EVM-style smart contracts.
What is the XRP Ledger building now? Two things. XLS-100d, Smart Escrows, uses WebAssembly to allow programmable conditions on escrow releases and appears among known amendments with a devnet available. XLS-101d, Smart Contracts, is a drafted specification for general smart contract capability that cites both Hooks and the Ethereum Virtual Machine among its influences. Neither is yet activated on the main ledger.
Is XRPL copying Xahau? Borrowing openly, in one direction, while the fork maintains that exchange runs both ways. The drafted XRPL specification names Hooks as an influence, which is a public acknowledgment. Xahau’s position is that it is an independent chain that has evolved in its own direction, with features on each network absent from the other, and that both occasionally adopt ideas from the other.
How many ways can you write smart contracts in the XRP ecosystem? Three, currently. Hooks on Xahau, Solidity via the XRPL EVM sidechain, and WebAssembly natively on the main ledger once the relevant amendments activate. The EVM sidechain’s first year, which this publication audited at $25,741 in total value locked, is the ecosystem’s own evidence that offering an execution environment does not by itself attract developers.
What does this mean for the XAH token? It puts pressure on the fork’s core premise. If the parent ledger ships working programmability, Xahau’s claim narrows from being the ecosystem’s smart contract chain to offering a particular style of lightweight logic against a far more liquid competitor. The counterweights are timing, since XRPL amendments require sustained eighty percent validator support and can stall for years, and genuine design differences between the two approaches.
Why did XRPL validators never adopt Hooks? The amendment never reached the sustained supermajority the ledger’s governance requires, and no single public explanation covers it. Ripple’s chief technology officer stated at the time of the fork that he did not believe validators were voting on political grounds and that Xahau had made good decisions, describing the fork as a reasonable path forward for the technology.
What would settle the competition? Activation and adoption, in that order. The amendment vote on Smart Escrows converts the parent’s programmability from a roadmap to a fact, and developer behavior afterward, new deployments and where tooling investment goes, decides which environment accumulates gravity. Ecosystem history suggests capability alone does not determine the outcome. This is educational analysis, not investment advice.
Clear Creek Financial Management v 13F přiznala expozici vůči Bitcoin, ETH, XRP a SOL ETF. Největší pozici má v Bitwise Bitcoin ETF za 9,69 milionu USD.
Clear Creek Financial Management, a Wall Street investment advisory firm with over $1.5 billion in assets under management (AUM), has revealed its crypto ETF investments. It has products pegged to Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) in its latest filing of Form 13F with the U.S. Securities and Exchange Commission (SEC).
Wall Street Firm Discloses Bitcoin, ETH, XRP, SOL Holdings The filing reflects the firm’s biggest crypto investment as the Bitwise Bitcoin ETF. It holds 304,155 shares, which valued at $9.69 million at the close of the reporting period. Clear Creek also held shares in the iShares Bitcoin Trust ETF, holding $477,412 worth of the fund, and the Grayscale Bitcoin Trust ETF, which has $248,539 worth of holdings.
Ethereum was also the second largest allocation of the firm’s crypto ETF. The filing revealed 337,162 shares of the Bitwise Ethereum ETF valued at $3.80 million. It also had 14,336 shares worth $170,455 of the iShares Ethereum Trust and 21,374 shares of the Grayscale Ethereum Staking ETF, valued at $321,251.
In addition to the two biggest cryptocurrencies, Clear Creek also had stakes in XRP and Solana ETFs. According to the filing, the firm held 11,621 shares of the Bitwise XRP ETF, which currently have a value of $135,501.
The investment manager stated he had 11,258 shares of the Bitwise Solana Staking ETF with a value of $112,693 in addition to 28,144 shares of the Grayscale Solana Staking ETF valued at $155,636 worth.
The filing comes as institutional interest in crypto ETFs expands. Moreover, the latest 13F filing reveals that Clear Creek Financial Management has a crypto strategy beyond Bitcoin and Ethereum as it is also holding XRP and Solana investment products.
Ripple letos podle Public Citizen utratila za americkou politiku asi 48 milionů USD a je druhým největším firemním dárcem v tomto cyklu. Většina peněz míří přes síť Fairshake, která má zhruba 193 milionů USD v hotovosti.
While the market watched the token and the trade press counted the acquisitions, Ripple became the second-largest corporate political donor in America. The crypto industry now supplies more than a third of all corporate election money, its flagship super PAC holds a $193 million war chest, and the bill it was all built to pass is on the Senate floor this month. Here is the audit of the spend.
Summary
Fairshake and its two affiliated super PACs entered the 2026 midterm cycle with roughly $193 million in cash, a figure disclosed ahead of the January Federal Election Commission deadline and larger than the entire crypto industry deployed across all of 2024. Ripple has contributed about $48 million this cycle, second only to Andreessen Horowitz among corporate donors by one accounting, alongside Coinbase at roughly $56 million, with a further $1 million sent directly to a single Senate candidate. Public Citizen’s tally puts total crypto election spending near $189 million, roughly 37% of all corporate money in the cycle, more than artificial intelligence, Big Tech, and online gambling combined. The structure is three PACs, not one: Fairshake for bipartisan candidate spending, Protect Progress for Democratic races, and Defend American Jobs for Republican ones, a design that lets the same money work both sides without appearing in the same place. The investment gets marked this month: the market-structure bill the spending exists to pass faces its decisive Senate window before the August recess, and roughly $110 million of the war chest remains unspent with the November midterms four months out. Ripple spent about $4 billion buying companies over three years, and this publication audited that empire last week. The company also spent roughly $48 million buying something else, and almost nobody has audited that at all. The second purchase does not appear on any acquisition list, produces no revenue line, and cannot be valued by any multiple, but it is aimed at the same outcome as the first: a legal environment in which the assembled business is permitted to operate. Ripple is now, by one national tally, the second-largest corporate political donor in the United States this cycle, behind only Andreessen Horowitz and ahead of every bank, airline, pharmaceutical company, and defense contractor in the country. It sits alongside Coinbase inside Fairshake, the crypto industry’s flagship super PAC network, which entered the 2026 midterm cycle with roughly $193 million in cash, more than the entire industry deployed across the whole of the 2024 elections, and which has already spent more than $82 million with four months of campaign still to run. The industry as a whole now supplies more than a third of all corporate election money in America. This piece is the ledger: what was given, how the machine is built, what the last cycle’s version of it actually bought, where it demonstrably failed, and why the next few weeks are when the position gets marked.
The ledger, itemized Start with the numbers, because their scale is the part most coverage understates.
Fairshake and its affiliates disclosed roughly $193 million on hand in January, ahead of the Federal Election Commission’s reporting deadline, a figure about 37% higher than its July 2025 disclosure. The second half of 2025 supplied the jump: Ripple contributed $25 million in a single commitment, Andreessen Horowitz added $24 million, and Coinbase had already put in $25 million earlier in the year, roughly $74 million from three companies in six months. Cycle-to-date totals run higher than those individual checks. Public Citizen’s accounting puts Coinbase at about $56 million and Ripple at about $48 million across the cycle’s channels, with a separate tally ranking Ripple second among all corporate donors nationally behind Andreessen Horowitz at $51.65 million. The figures differ because the counting differs, some tallies aggregate only Fairshake contributions while others include direct candidate giving and other committees, and any honest citation has to say which. What no accounting disputes is the order of magnitude: three crypto companies have put roughly $150 million into a single election cycle.
The industry total is the number that reframes everything. Public Citizen puts crypto’s 2026 election spending near $189 million, approximately 37% of all corporate political money in the cycle, against $517 million in total corporate spending that is itself up 12% from all of 2024. Artificial intelligence and Big Tech combined contributed about $60 million; online gambling about $45.6 million. One industry, younger than the iPhone, now outspends every other corporate sector in American politics, and roughly $56 million of crypto money went to MAGA Inc alongside the $82 million flowing through Fairshake.
Beyond the flagship network sits additional capacity: a newer vehicle called Fellowship PAC claimed a $100 million commitment for pro-crypto candidates, meaning the sector’s declared electoral firepower exceeds a quarter of a billion dollars before a single general-election ballot has been counted.
And then there is the retail-scale detail that shows the strategy has a second gear. Ripple sent $1 million directly to John Deaton, the pro-crypto attorney who lost Massachusetts’s 2024 Senate race to Elizabeth Warren by nearly twenty points and is running again in 2026 for the state’s other seat. Direct candidate contributions of that size are unusual, visible, and personal in a way super PAC money is not, which makes the Deaton line the clearest statement of intent in the entire ledger.
The machine: three PACs, one checkbook The structure deserves explanation, because its design is the reason the money works harder than its size suggests.
Fairshake operates as three entities. Fairshake itself directs funds to candidates across both parties. Protect Progress spends in Democratic races. Defend American Jobs spends in Republican ones. The architecture solves a specific problem in American electoral finance: money that visibly funds both parties is politically awkward in primaries, where partisan credibility is the currency, so the network splits itself into partisan-facing vehicles that draw from the same donor base and coordinate the same strategy. A Democratic primary voter sees Protect Progress; a Republican primary voter sees Defend American Jobs; both are the same industry, and neither ad mentions cryptocurrency at all, because Fairshake’s signature tactic has always been to spend on issues unrelated to its own, funding advertisements about housing, healthcare, or a candidate’s record while the crypto position remains the invisible criterion.
The targeting is equally deliberate. Fairshake concentrates in primaries, where money moves outcomes furthest per dollar, and in a small number of races selected for signaling value. Protect Progress backed Adrian Boafo in a Maryland Democratic primary this cycle, and he won. That pattern, early money in low-turnout contests, is how a nine-figure war chest contests dozens of races without ever needing to win a national argument about digital assets.
The strategic effect is the one Fairshake’s own spokespeople describe most plainly: the network is standing infrastructure now, not a one-cycle experiment. The 2024 build converted heavy experimental spending into permanent capability, with money left over, $64 million carried into this cycle before a dollar of new fundraising. An industry that can credibly promise to spend against a legislator in the next primary does not need to spend in most of them, which is the quiet dividend of the whole enterprise and the reason the unspent balance matters as much as the deployed one.
What the money bought last time The 2024 record is the only evidence base for what this spending achieves, and it points in one direction while carrying an important asterisk.
Fairshake and its affiliates raised approximately $93 million across the 2023-2024 build and spent more than $130 million on media buys supporting candidates they classified as pro-crypto and opposing those classified as anti-crypto. Two results defined the cycle’s reputation: Jamaal Bowman and Cori Bush, both incumbent House members regarded as industry critics, lost primaries in which Fairshake-funded advertising was widely credited as a decisive factor. Neither race was fought on crypto policy. Both outcomes were read across Capitol Hill as proof that the industry could end a career in a primary, and that reading, more than any individual seat, is what the money actually purchased. Legislative behavior since has been consistent with the lesson having landed: the House passed the market-structure bill 294 to 134, the stablecoin statute cleared with bipartisan support, and the number of members willing to be publicly identified as anti-crypto has thinned considerably.
The asterisk is Massachusetts. The industry’s most direct 2024 investment, backing John Deaton against Elizabeth Warren, its most prominent legislative opponent, failed by nearly twenty points, and it failed in the way that matters analytically: money could not make a general-electorate race about crypto when the electorate cared about something else. That result maps the strategy’s boundary precisely. Fairshake money is extremely effective in low-turnout primaries where a modest advertising advantage decides a small electorate, and largely ineffective in high-salience general elections where partisan identity dominates. Deaton is running again in 2026, with another $1 million from Ripple already committed, which will test whether the boundary moved or whether the industry is buying the same lesson twice.
The countervailing case, made properly An audit owes the other side its strongest form, and there are two of them, pointing in opposite directions.
The critics’ case is structural rather than moral. Public Citizen’s objection is not that crypto participates in politics but that the concentration distorts: when a single industry supplies more than a third of all corporate election money, the ordinary pluralism that keeps any one sector from dominating a legislature stops functioning, and legislators facing a nine-figure adversary in their next primary make different choices than legislators facing ordinary lobbying. The insider-adjacent critique is sharper still. The industry is spending to shape the rules governing its own regulation, and the rules in question, market structure, agency jurisdiction, and enforcement authority, determine whether the same companies face securities liability. That is not corruption in any legal sense, and it is exactly the arrangement campaign-finance reformers have described as legalized capture for fifty years.
The industry’s case is that this is what every regulated sector does, and it is not a weak argument. Banking, pharmaceuticals, energy, and telecommunications have all spent decades funding candidates and shaping the statutes that govern them, and crypto arrived to a legal environment in which its participants faced enforcement actions predicated on rules nobody had written for them. Political spending, on this reading, is the industry’s only proportionate response to an existential regulatory posture, and its bipartisan structure, funding Democrats and Republicans by design, is evidence of issue-based rather than partisan intent. Both cases are true simultaneously: this is normal American interest-group politics, and it is happening at a scale and concentration that has few peers in the modern record.
NEW: More than 100 crypto companies, including Coinbase, Ripple, and a16z, are pressing the Senate Banking Committee to move forward with the CLARITY Act, citing risks of jobs moving overseas without US regulatory clarity https://t.co/NFsjGXWGUB pic.twitter.com/OObAR7EP8j
— crypto.news (@cryptodotnews) April 24, 2026 The week the position gets marked Which brings the ledger to the present, where several clocks converge at once.
The market-structure legislation that the entire apparatus exists to pass faces its decisive Senate window before the August recess, with the outcome resting on a small number of Democratic crossover votes and a negotiation whose remaining disputes this publication has covered in detail. Fairshake’s money did not buy those votes and cannot, super PAC spending is prospective leverage over future primaries, not a transaction over a pending bill, but it is unquestionably part of the environment in which those senators are calculating. If the bill passes, the industry’s electoral investment will be credited with having built the conditions for it, and the remaining balance rolls into November with a validated theory. If it fails, roughly $110 million of unspent capacity meets a midterm election in which the industry has both the resources and the stated motive to remove specific legislators from office, and the 2027 Congress becomes the target instead.
Either way, the more interesting question for Ripple specifically is the one the ledger poses and cannot answer: the company has now spent about $4 billion assembling an institutional financial business and about $48 million assembling the political conditions for it, and only one of those investments has a disclosed return. The empire, as this publication’s audit found, is designed to succeed with or without the token. The political spend is designed to make the empire legal. Neither line item is about XRP, which is perhaps the most honest summary available of where Ripple’s actual priorities sit, and the market that still prices the company through its token’s chart is, once again, reading the wrong ledger.
What to watch The FEC filings after the Senate acts. Contribution and expenditure reports covering the coming weeks will show whether the industry accelerates into November or banks the balance. Sharp increases immediately after a legislative outcome, in either direction, would confirm the spending is tightly coupled to the bill rather than to a general political posture.
Deaton’s Massachusetts numbers. The rematch is the strategy’s clearest controlled experiment: the same candidate, the same state, a different seat, and a second round of industry money. A materially closer result would suggest the 2024 ceiling has lifted; a repeat would confirm that Fairshake money buys primaries and not general elections.
Which incumbents draw funded challengers. Watch whether the senators who blocked or slowed the market-structure bill face Fairshake-affiliated primary spending in their next cycles. That is the mechanism by which the 2024 lesson gets re-taught, and it is the most direct measure of whether the industry treats this vote as a scorecard.
The disclosure gap. Independent tallies of crypto political money differ by tens of millions depending on which vehicles are counted, and some contributions surface only in later filings. Any figure quoted before the FEC’s next full disclosure cycle, including the ones in this piece, is provisional, and the revisions are usually upward.
A closing observation about what this spending is not, because the distinction gets lost in the headline numbers. Campaign money is the smaller and more visible half of the industry’s influence apparatus; the larger half is conventional lobbying, trade associations, regulatory comment letters, personnel flowing between agencies and firms, and the technical assistance that shapes statutory language line by line long before any floor vote. Fairshake’s $193 million buys electoral leverage, which is a blunt instrument aimed at composition: who sits in the chamber. The quieter machinery aims at text: what the bill says once the chamber has been settled. Ripple’s participation in both is the reason the acquisition audit and this one belong on the same shelf, since a chartered bank application, a prime brokerage, and a stablecoin all depend on statutory definitions that are drafted in rooms no super PAC advertisement can reach. Judged only by the electoral ledger, the industry’s investment looks enormous and its returns ambiguous. Judged across both channels, the returns are already visible in the shape of the legislation itself, an asset taxonomy the industry helped define, a developer shield it asked for, a grandfather clause that resolves its most valuable assets’ status by statute. The $48 million is the part that files with the Federal Election Commission. It is not the part that writes the law, and the two should never be confused, least of all by anyone trying to estimate what the money actually bought.
Disclaimer: This article is for information and educational purposes only and does not constitute financial, investment, legal, or political advice. Campaign finance figures are drawn from third-party tallies and disclosures that vary by methodology and are revised as filings are published. Nothing here is a recommendation regarding any company, asset, candidate, or political position. Always do your own research. Information is accurate as of July 26, 2026.
Frequently Asked Questions How much has Ripple spent on US politics this cycle? Approximately $48 million across the 2026 cycle by Public Citizen’s accounting, including a $25 million contribution to the Fairshake network disclosed in late 2025, plus about $1 million given directly to Senate candidate John Deaton in Massachusetts. One national tally ranks Ripple second among all corporate political donors this cycle, behind Andreessen Horowitz at roughly $51.65 million.
What is Fairshake? The cryptocurrency industry’s flagship super PAC network, structured as three affiliated entities: Fairshake, which spends across both parties; Protect Progress, focused on Democratic races; and Defend American Jobs, focused on Republican ones. The network entered the 2026 midterm cycle with roughly $193 million in cash, funded primarily by Coinbase, Ripple, and Andreessen Horowitz, and had spent more than $82 million by mid-year.
How does crypto’s spending compare to other industries? It leads all of them. Public Citizen puts crypto election spending near $189 million, about 37% of all corporate political money in the 2026 cycle, against roughly $60 million from artificial intelligence and Big Tech combined and $45.6 million from online gambling. Total corporate election spending reached about $517 million, up 12% from the entire 2024 cycle.
Did this spending work in 2024? In primaries, apparently yes. Fairshake and affiliates spent more than $130 million on media in 2024, and industry-funded advertising was widely credited with defeating incumbent House members Jamaal Bowman and Cori Bush in primaries, outcomes read across Congress as proof the sector could end a career. In general elections the record is worse: the industry’s backing of John Deaton against Elizabeth Warren failed by nearly twenty points.
Why do the ads rarely mention crypto? Because Fairshake’s tactic is to spend on locally salient issues while the crypto position operates as the invisible selection criterion. Advertising in these races typically addresses housing, healthcare, or a candidate’s record, which is more persuasive to primary electorates than digital-asset policy and avoids making the industry itself the subject of the campaign.
Does this money buy votes on pending legislation? Not directly, and the distinction matters legally and analytically. Super PAC spending is independent expenditure aimed at future elections, not payment for legislative action, and coordination with campaigns is prohibited. Its influence is prospective: legislators weigh the possibility of a well-funded primary challenge, which shapes the environment around votes without constituting a transaction over any particular one.
What is the criticism of this level of spending? Public Citizen and similar groups argue the concentration distorts representation: when one industry supplies more than a third of corporate election money, the pluralism that prevents any single sector from dominating legislative outcomes weakens, particularly when the industry is funding the rules governing its own regulation. The industry’s response is that banking, pharmaceuticals, and energy have done the same for decades, and that political participation is a proportionate answer to enforcement-driven regulation.
What happens to the unspent money? Roughly $110 million of the war chest remained unspent at mid-year with the November midterms approaching, and the industry has additional declared capacity, including a newer vehicle claiming a $100 million commitment. If the pending market-structure legislation passes, that balance rolls into November behind a validated strategy; if it fails, the same money meets an election in which the industry has stated its intent to change the composition of Congress. This is educational analysis, not investment or political advice.
Držitel XRP přišel o 400 000 XRP kvůli phishingovému e-mailu maskovanému jako aktualizace Ledgeru. Útočníci získali přístup po kliknutí na falešný odkaz a zadání údajů k peněžence.
An XRP holder lost 400,000 tokens overnight after falling for a phishing email disguised as a routine hardware wallet update, according to an account shared by crypto adviser George Kaltekis.
A Late-Night Call on Easter
That panicked call reportedly came in at 10pm on Easter night, after the theft. Kaltekis said the timing alone signaled something was wrong, since calls at that hour rarely bring good news.
The victim had roughly 400,000 XRP stored on a hardware wallet. While spending the holiday with family, he received an email appearing to come from Ledger, prompting him to update his device. A phishing email disguised as a Ledger update tricked the victim into a mistake, and believing it to be a routine software update, he clicked through and entered his wallet information.
How the Scam Worked
The victim lost 400,000 XRP after clicking a fake software update link at night, unknowingly handing over the credentials attackers needed to drain the wallet. Kaltekis noted that phishing attempts have grown increasingly convincing in recent years, to the point that even people working in cybersecurity professionally have described struggling to distinguish real communications from fake ones.
Not a Total Loss
He still had about 50,000 XRP held safely in a separate insured custody account, funds that remained untouched because that account required additional verification steps before any transaction could be approved, including a callback confirmation and voice verification before funds could move.
A Broader Lesson on Self-Custody
Kaltekis said the story wasn’t meant to discourage self-custody, which he described himself as a strong supporter of. Rather, he said it illustrates that self-custody, while valuable, isn’t inherently foolproof against sophisticated phishing attempts. A single mistake, made under normal circumstances by someone simply checking email, was enough to result in a significant loss.
The account is one of many similar stories circulating within the crypto industry, serving as a reminder for holders of XRP, Bitcoin, and other digital assets to verify unexpected update requests carefully and consider additional safeguards for larger holdings.
Story Ends Here
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Ripple představil Ripple Mint pro firemní ražbu, redeem, bridge a správu RLUSD a zároveň investoval do Notabene. XRP se ale drží kolem 1,10 USD a technicky zůstává v sestupném kanálu.
Ripple ekosistemi son günlerde hem kurumsal tarafta hem de XRP Ledger ağında dikkat çeken gelişmelere sahne oldu. Şirket, RLUSD stablecoin’i için yeni bir kurumsal platform devreye alırken, ödeme altyapısına yönelik stratejik bir yatırım gerçekleştirdi. Binance’in RLUSD ve XRP kullanıcılarına sunduğu yeni teşvikler ile XRP ETF‘lerine yönelik talebin sürmesi de ekosistemde öne çıkan başlıklar arasında yer aldı.
Buna karşın XRP fiyatı son toparlanmasını korumakta zorlanıyor. Analistler, teknik görünümün hâlâ aşağı yönlü riskler taşıdığına dikkat çekerken yatırımcılar kritik destek ve direnç seviyelerini yakından izliyor.
Ripple RLUSD İçin Kurumsal Platformunu Neden Hayata Geçirdi? Ripple, 23 Temmuz’da Ripple Mint platformunu kullanıma sundu. Yeni platform, kurumsal müşterilere RLUSD basma (mint), geri ödeme (redeem), köprüleme (bridge) ve varlık yönetimini tek bir sistem üzerinden gerçekleştirme imkânı sunuyor.
Şirketler işlemlerini standart arayüz üzerinden yürütebilirken, API ve webhook entegrasyonları sayesinde kendi altyapılarına da bağlanabiliyor. Ripple, bu platformla özellikle ödeme sistemleri, hazine yönetimi ve alım satım operasyonlarında stablecoin kullanımını kolaylaştırmayı hedefliyor.
Ripple’ın Notabene Yatırımı RLUSD İçin Ne Anlama Geliyor? Ripple, regülasyon odaklı ödeme altyapısı sağlayıcısı Notabene’ye stratejik yatırım yaptığını da duyurdu.
İki şirket, RLUSD’yi işletmeler arası stablecoin ödeme platformu Notabene Flow’a entegre etmeyi planlıyor. Açıklamaya göre Notabene ağı, 100’den fazla ülkede faaliyet gösteren 2.300’den fazla finansal kurumu birbirine bağlıyor ve yıllık yaklaşık 2 trilyon dolarlık işlem hacmine aracılık ediyor.
Bu iş birliğiyle Ripple, RLUSD’nin regüle ödeme kuruluşları ve finansal kurumlar tarafından daha geniş ölçekte kullanılmasını hedefliyor.
XRP Ledger’da Yapay Zekâ İşlemleri Neden Rekor Kırdı? XRPL AI Hub verilerine göre XRP Ledger üzerinde yapay zekâ ajanları tarafından gerçekleştirilen işlem sayısı 22 Temmuz itibarıyla 1,4 milyonun üzerine çıktı. Ağda aynı dönemde 129 farklı işletmenin aktif olduğu belirtilirken, bu büyüme Ripple’ın haziran ayında tanıttığı yapay zekâ geliştirme kitinin ardından geldi.
Veriler, geliştiricilerin XRP Ledger’ı makineden makineye ödemeler ve otomatik finansal işlemler gibi kullanım alanlarında test etmeye devam ettiğini gösteriyor.
Binance RLUSD ve XRP Kullanıcılarına Hangi Teşvikleri Sunuyor? Binance, RLUSD kullanıcılarına yönelik yeni ödül programını duyurdu.
Borsaya göre uygun varlıklarda değişken getiri oranı %22,25 seviyesine ulaştı. Binance Earn ve Margin ürünleri üzerinden RLUSD tutan veya kullanan yatırımcılar ise haftalık XRP ödüllerinden yararlanabiliyor.
Ancak borsa, getiri oranlarının piyasa koşulları ve kullanıcı katılımına bağlı olarak değişebileceğini vurguladı.
XRP Fiyatında Hangi Seviyeler Takip Ediliyor? XRP, hafta içinde 1,16 dolar seviyesini test etmesinin ardından yeniden 1,10 dolar civarında işlem görüyor. Böylece son yükseliş hareketinin önemli bölümü geri verilmiş oldu.
Teknik görünümde XRP’nin geniş bir düşüş kanalı içinde hareket etmeyi sürdürdüğü belirtiliyor. Analistlere göre 1,18 dolar seviyesi ilk önemli direnç konumunda bulunuyor. Bu bölgeden gelebilecek olası satış baskısı mevcut düşüş trendinin devam etmesine neden olabilir.
Öte yandan alıcıların daha önce 1,02-1,04 dolar aralığındaki destek bölgesini koruması olumlu bir sinyal olarak değerlendiriliyor. Bu bölgenin kaybedilmesi halinde XRP’nin yeniden 1 doların altını test etme riski gündeme gelebilir. Kısa vadede izlenen en güçlü direnç seviyesi ise 1,28 dolar olarak öne çıkıyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
EverSource Wealth Advisors v rámci formuláře 13F přiznala expozici v XRP ETF, včetně 1 777 akcií ProShares Ultra XRP ETF a menší pozice ve Franklin XRP ETF. Zároveň drží 250 akcií Armada Acquisition Corp II (XRPN) spojeného s Evernorth Holdings.
In major XRP news today, $3.6 billion AUM EverSource Wealth Advisors has disclosed significant holdings in XRP ETFs along with investments in Bitcoin ETFs. The financial advisor also reported stock holdings in Evernorth Holdings’ SPAC, Strategy (MSTR), and other crypto stocks.
EverSource Wealth Advisors Reveals Exposure in XRP ETFs EverSource Wealth Advisors has disclosed exposure in multiple XRP ETFs, according to the latest 13F filing with the US SEC. The firm has joined other tradFi companies exploring crypto ETFs due to rising confidence amid growing regulatory clarity.
EverSource Wealth Advisors holds 1,777 shares of ProShares Ultra XRP ETF. In addition, the firm revealed small holdings in Franklin XRP ETF. The small position likely followed after Wall Street giants such as Bank of America’s XRP ETF exposure.
The financial advisor also disclosed 250 shares held in Ripple-backed Evernorth Holdings’ SPAC Armada Acquisition Corp II (XRPN) stock. The buy comes as Evernorth Holdings moved closer to a merger with Armada Acquisition Corp II, as CoinGape reported earlier.
Moreover, institutional interest in XRP is rising amid RWA tokenization, XRP Ledger (XRPL), and Ripple’s partnerships with Wall Street and global companies. Recently, Ripple launched Ripple Mint to enable institutions to mint, redeem, and manage RLUSD through APIs and web access.
Meanwhile, spot XRP ETFs saw net inflows of $8.15 million last week, according to SoSoValue data. As a result, the cumulative inflows to date have increased to $1.49 billion. Also, total assets under management across five XRP ETFs have reached $1 billion.
Holdings in Bitcoin ETFs, MSTR, Other Crypto Stocks Holding EverSource Wealth Advisors also revealed holdings in multiple spot Bitcoin ETFs including BlackRock Bitcoin ETF (IBIT), Fidelity’s FBTC, Ark 21Shares’ ARKB, Grayscale’s GBTC, and Bitwise’s BITB.
The firm holds 100,108 shares worth over $3.3 million in BlackRock Bitcoin ETF and 88,591 shares in ARKB. These two mark the firm’s largest holdings in spot Bitcoin ETFs.
In addition, EverSource has holdings in Strategy (MSTR), Trump family-backed American Bitcoin Corp (ABTC), Robinhood (HOOD), and other crypto stocks. Notably, the firm has 43,674 shares of MSTR and 16,355 STRK perpetual shares.
As CoinGape reported recently, Farmers & Merchants Investments disclosed XRP ETF, Bitcoin ETFs, and Robinhood holdings. ETF holdings 261 shares of BlackRock Bitcoin ETF and 475 shares of Robinhood Markets, according to the SEC filing.
While institutions purchase traditional shares, on-chain traders can access fractionalized equities directly through the best platforms to trade tokenized stocks.
XRP vzrostl o 0,69 % na 1,11 USD díky regulačnímu optimismu před možným hlasováním o CLARITY Act v týdnu od 3. srpna. Open interest v derivátech XRP stoupl na 2,43 mld. USD.
XRP price rose 0.69% to $1.11 as regulatory optimism and broader market gains supported demand. The global crypto market climbed 1.45% to $2.23 trillion, while Bitcoin reclaimed $65,000.
The Senate is now under review to pass the CLARITY Act by investors. A potential vote in the week of August 3 might influence the future trend of XRP in the short term and broader institutional trust in crypto markets within the global market.
Senate Unveils Unified CLARITY Act Draft Ahead of Possible August 3 Vote A revised proposal was issued by senators, combining ideas of the Banking and Agriculture committees. This is the first document that comes with an ethics provision. A motion to commence formal consideration can be received on Monday or Tuesday. Senate leaders could then schedule a floor vote during the week of August 3.
The bill aims at providing more transparent oversight guidelines to digital assets and other participants of the market. The advancement would enhance regulatory consistency among exchanges, issuers and investors and institutions in the United States.
A revised version of the Clarity Act has been released, combining the Senate Banking and Agriculture Committee texts and introducing an ethics provision for the first time, CoinDesk reports.
A motion to proceed is… pic.twitter.com/Vc3TNIHSQD
— Crypto Banter (@crypto_banter) July 27, 2026
XRP is also vulnerable to the legislative cycle since more transparent regulations can facilitate broader institutional involvement. Any delays or retracted agreements would undermine new ground.
Crypto Market Gains as Bitcoin Price Reclaims $65,000 The crypto market also improved as investors embraced regulatory developments and reduced tensions. Bitcoin price moved above $65,000 after its fourth consecutive weekly gain.
The United States and Iran paused attacks for a second day, pushing oil prices down 5%. Ethereum price ended at over $1,960 and XRP price at close to $1.10. The momentum indicators indicated a slight positive bias in assets.
Markets focused on the Federal Reserve’s July 29 decision. CME FedWatch assigned a 36.3% chance of a rate increase. The future action of XRP can be based on the Senate development, the stability of Bitcoin, and the information given by the Fed.
Source: CME data XRP Open Interest Reaches $2.43B as Derivatives Trading Accelerates XRP derivatives market showed increased trading volume with a total volume of 18.32% increasing to $1.28 billion. Open interest grew by 0.68% to become 2.43 billion, with a slight rise in active futures positions.
Options trading posted the largest percentage gain, climbing 96.23% to $2.90 million. Options open interest also advanced 3.45% to $67.88 million during the reporting period.
Source: Coinglass data Futures trading was still prevalent as the total open interest was much higher than the options market value. The figures indicated an increase in trading in XRP derivatives, but the volume increased at a rate higher than open interest.
XRP Price Prediction: Will a Break Above $1.12 Send XRP to $1.15? The XRP price has soared to $1.11 following the support level of $1.09 defended by the buyers in the recent four-hour session.
The Relative Strength Index was close to 50.85 which indicated balanced momentum with no overbought. Meanwhile, the MACD histogram changed to positive after the MACD line crossed the signal line.
The XRP price was trading close to $1.107, and it was above the critical level of $1.10 as it rebounded following the July 25 fall. Price action is currently under direct pressure at $1.12 that declined on numerous recovery efforts.
Tradingview A four-hour close higher than confirmed above $1.12 may kick off the move to the stronger $1.15 resistance area. The subsequent buying momentum can now focus on $1.16, to which the sellers just halted the last surge.
But the inability to hold onto $1.10 will leave XRP vulnerable to a fresh decline to $1.09 and 1.08. Further downward movement can put the area of support at $1.06 at the forefront.
Spotové ETF navázané na Bitcoin, Ethereum, Solanu a XRP přilákaly za týden více než 152 milionů USD v čistých přílivech. Nejvíc přispěl Bitcoin, zatímco Solana a XRP dál postupně sbírají kapitál.
Spot ETFs tied to Bitcoin, Ethereum, Solana, and XRP collectively attracted more than $152 million in net inflows during the week of mid-July 2026. Bitcoin did the heavy lifting, as usual, but the quieter story is the steady capital trickling into newer products like Solana and XRP funds.
On July 21 alone, Bitcoin spot ETFs pulled in $203.2 million. Ethereum followed with $37.5 million, while Solana and XRP added $5.8 million and $5.66 million respectively, according to data tracked by SoSoValue.
Bitcoin still dominates, but the field is widening Bitcoin has had a spot ETF since 2024, giving it a massive head start in accumulating assets under management. Ethereum launched its own spot product the same year. Together, they account for the overwhelming majority of crypto ETF capital.
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Solana spot ETFs have now amassed over $1.14 billion in total inflows as of late July 2026.
XRP spot ETFs tell a similar story. Since launching in November 2025, these funds crossed $1 billion in cumulative inflows by the end of December 2025. The fact that positive inflows have continued well into 2026 suggests this wasn’t just a launch-day sugar rush.
What this means for investors Solana’s $1.14 billion in cumulative inflows positions it as a legitimate institutional-grade asset.
XRP’s rapid accumulation of over $1 billion in its first two months was notable in its own right. The token has historically carried regulatory baggage, but the existence of an approved spot ETF effectively signals that the regulatory cloud has cleared enough for major asset managers to participate.
The daily numbers fluctuate considerably, as the gap between Bitcoin’s $203.2 million single-day haul and Solana’s $5.8 million illustrates.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
XRP Ledger prošel finálním hlasováním o aktualizaci: batched fix už splnil 80% práh a má jít do provozu během několika dnů. Další změny míří na batch transakce, soukromí a sponzorované poplatky.
XRP has already dipped as low as $1.01 during the ongoing bear market pullback, reviving talk that the token could briefly slip below a dollar before this cycle’s downturn runs its course.
A Familiar Pattern From the Last Cycle
One analyst pointed to XRP’s 2022 bear market as a reference point. XRP bottomed near $0.28 in June 2022, then retested that same support level roughly half a dozen times through January 2023, including a final touch at $0.32 before the market turned. The current setup, the analyst argues, looks similar, just at a higher price range this cycle.
Exchanges Keep Shutting Down
Bitmart just became the second crypto exchange to shut down in less than a week, following BitMEX’s earlier announcement. Bitmart’s native token, BMX, collapsed more than 60% after the shutdown news broke. A former major Bitcoin mining pool also filed for bankruptcy, reportedly holding just $1 million in assets against $500 million in liabilities.
Several digital asset treasury companies and at least one crypto hedge fund have also wound down operations in recent weeks. Analysts tracking the space describe this wave of collapses as a sign the market is clearing out excess leverage and weaker players, a pattern some say has historically preceded major bottoms in past cycles.
Institutions Are Pushing for Regulatory Clarity
Support for the CLARITY Act has grown among major financial institutions ahead of the Senate’s August 7 recess deadline. Both Charles Schwab and Fidelity have pushed the Senate to pass the CLARITY Act, joined by the Fraternal Order of Police and Goldman Sachs CEO David Solomon, who has publicly called for the bill’s passage.
New Upgrades Coming to the XRP Ledger
Away from price action, the XRP Ledger has several technical upgrades moving through its amendment process. The XRP Ledger’s batched fix update has already passed its 80% vote requirement and is expected to go live within days. Additional upgrades under discussion include:
Batch transactions, allowing up to eight transactions to be bundled into a single atomic actionZero-knowledge proof privacy features, enabling confidential transfersSponsored fees and reserves, letting platforms cover the XRP wallet creation cost for new usersPermission delegation, allowing specific account permissions without full custody transferDynamic multi-purpose tokens, which can carry updatable fields after launchTwo additional features are drawing particular attention: a Single Asset Vault that would let users pool XRP, RLUSD, or other tokens together, and a companion lending protocol built on top of it, enabling fixed-term, uncollateralized loans intended for institutional use.
Why the XRP Ledger’s DEX Matters
With centralized exchanges continuing to shut down, some analysts are pointing to the XRP Ledger’s built-in decentralized exchange as a safeguard for token holders. Since the DEX operates independently of any single platform, users can continue trading and earning yield on XRP even if individual exchanges they relied on disappear.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
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XRP Ledger v3.2.0 čelí hlášeným chybám včetně zpomalení synchronizace a problémů s připojením. Zároveň se blíží aktivace fixCleanup3_2_0 na 29. července 2026 v 09:57 UTC.
The XRP Ledger community is progressing work on multiple bug reports related to xrpld v3.2.0 with the goal of implementing the fixCleanup3_2_0 amendment on July 29. The problems, posted on the XRPLF GitHub, span from performance regressions to problems with synchronization, despite node operators’ ongoing migration to the latest release.
A Look At Newly Reported Issues On XRP Ledger v3.2.0 After upgrading from xrpld 3.1.3 to 3.2.0, it is reported that xrpld 3.2.0 is slowly lagging behind the XRP Ledger mainnet consensus. The nodes which were once updating the validated ledgers on the same hardware “now gradually fall behind the validated ledger.”
However, going back to the 3.1.3 version fixes the problem, according to the issue on GitHub. The reporter called it “a performance regression in 3.2.0.”
Another report claims that xrpld 3.2.0 on Windows 10 never progresses beyond the “connected” server state. Despite maintaining around 30 stable peers, loading a valid UNL with 35 trusted validators, and receiving validations and proposals, the node reportedly never reaches syncing or tracking.
But rather than joining the current ledger of the network, it continues to close its own ledgers since the network’s genesis. The reporter reported that this machine was previously able to run rippled without any problem and the problem only occurred after migration to xrpld.
One validator-related problem is that Ripple-backed XRP Ledger v3.2.0 version does not successfully download ledger data from peers on a mainnet validator. Moreover, it cannot move past “server_state: connected” to “syncing,” “tracking,” or “full” stage.
The reporter made the observation that the process of acquiring the ledger on xrpld 3.2.0 was slowed down relative to xrpld 3.1.3-1. It took around 13 minutes to complete from an empty datastore to full, so it is suspected a regression occurred.
Developers are also looking at a validator public keys report on the new XRP Ledger version. The service showed the public key of the new validator, but server_info still showed the public key of the validator that was migrated previously, resulting in a mismatch between the two.
Validator Issues Warning As July 29 Deadline Inches Closer Meanwhile, XRPL validator Vet encouraged users to upgrade their XRP Ledger nodes to 3.2.0. He wrote on X, “Happy Hump Day to everyone, especially those who have upgraded their XRP Ledger nodes to 3.2.0!” He added, “In less than 1 Week all nodes running XRPL versions below 3.2.0 will experience service interruptions. Please update your nodes, remind exchanges and projects to update as well!”
According to XRP Ledger Explorer, 499 of 843 nodes (59.69%) are now running version 3.2.0. Whilst, 303 nodes (36.24%) remain on version 3.1.3. Adoption of validators has surged to 65.77% with 98 validators upgraded. The fixCleanup3_2_0 amendment currently has 30 of 35 trusted validators in support (85.71%), and is set to become active on 29 July 2026 at 09:57 UTC, as long as it stays above the 80% threshold.
XRP Ledger přidal za posledních šest měsíců asi 2,6 miliardy USD v tokenizovaných reálných aktivech a v tomto období obsadil druhé místo mezi sledovanými blockchainy. Největší podíl tvoří Justokenův JMWH za 2,229 miliardy USD.
The XRP Ledger added about $2.6 billion in tokenized real-world asset value during the past six months, excluding stablecoins, according to data from RWA.xyz.
Summary
XRP Ledger added $2.6 billion in RWA value, ranking second among blockchains over six months. JMWH alone represents $2.23 billion, making tokenized energy XRPL’s largest real-world asset category by value. Most XRPL RWA value is represented, while distributed assets total only about $323 million currently. That placed XRPL second among tracked blockchain networks for net RWA inflows during the period. BNB Chain ranked first with about $3 billion, while Stellar followed XRPL with roughly $2.1 billion.
The increase lifted XRPL’s combined distributed and represented RWA value to about $4.38 billion on July 26. The RWA.xyz dashboard listed $323.21 million in distributed assets and $4.06 billion in represented assets. The network also held $995.12 million in stablecoins, taking its broader total above $5.37 billion when those tokens are included.
XRP Ledger moves higher in RWA rankings The six-month figures placed XRPL ahead of several larger smart-contract networks for new tokenized asset value. Solana added about $1.6 billion, while Avalanche attracted roughly $972 million. Ethereum remained the largest home for distributed tokenized assets, but its net addition during the measured period was lower at about $424 million.
The latest rise continues a trend visible earlier in 2026.XRPL moved into sixth place in the tokenized RWA rankings in February after adding $354 million in one month. A crypto.news report in July found that tokenized assets on the ledger had passed $3 billion as developers added compliance tools, permissioned trading and proposed lending features.
Tokenized energy drives most of XRPL’s total Justoken’s JMWH product accounts for the largest share of XRPL’s RWA value. RWA.xyz valued the represented commodity asset at $2.229 billion on July 26. Each JMWH token represents one megawatt-hour of contracted energy output. The issuer mints tokens against energy agreements and burns them after the electricity is delivered and consumed.
The asset also shows why represented value and active onchain liquidity are not the same measure. RWA.xyz recorded only 19 JMWH holders, one active address over 30 days, no monthly transfers and no monthly transfer volume. The token therefore works mainly as a blockchain record for energy contracts rather than a widely traded asset. JMWH alone accounts for about 51% of XRPL’s total RWA value.
Justoken said it had tokenized more than $2.84 billion in total value across its products. In March, the company announced an energy tokenization project with Argentina-based power producer YPF Luz using the XRP Ledger. The wider product links blockchain records with contracts for electricity generation and consumption.
Distributed assets and stablecoins expand XRPL’s distributed asset segment remains much smaller than its represented segment, but several financial products now operate on the network. RWA.xyz listed about $323 million in distributed assets. Ondo Finance, Braza Crypto, OpenEden Digital, Société Générale-FORGE and other issuers contribute to this category through tokenized Treasuries, credit products and regulated digital money.
Ripple’s RLUSD remains the largest stablecoin platform on XRPL. RWA.xyz showed about $894.7 million in RLUSD on the network, while all XRPL stablecoins totalled about $995.12 million. Braza Crypto ranked behind RLUSD with products worth about $83.4 million. Stablecoin transfer volume reached $4 billion over 30 days.
A May pilot also tested how tokenized funds can connect XRPL with bank payment rails. As crypto.news reported, Ripple redeemed part of its holdings in Ondo Finance’s OUSG Treasury product on XRPL. Mastercard sent settlement instructions to Kinexys by J.P. Morgan, which moved U.S. dollars to Ripple’s Singapore bank account.
Ondo said the asset leg settled in under five seconds. Ondo Finance President Ian De Bode called it the “first time tokenized U.S. Treasuries have settled across borders and banks in near real time.” The transaction combined a public blockchain asset transfer with traditional bank settlement.
RWA growth does not equal direct XRP demand RWA growth measures asset value recorded or issued on the ledger. It does not show how much XRP investors purchased or how often they used the native token. Most institutional products can use XRPL for issuance and settlement while paying only small network fees in XRP. Stablecoins such as RLUSD can also handle the cash side of transactions without using XRP as a bridge asset.
The asset mix also matters when comparing networks. Represented assets refer to offchain holdings or contracts recorded on a blockchain, while distributed assets are issued and held more directly onchain. XRPL’s represented value accounts for more than 92% of its non-stablecoin RWA total. JMWH alone drives more than half of that figure.
Even so, XRPL has added more issuers and asset types during 2026. Its RWA count reached 373, while the number of tracked holders rose 14.29% over 30 days to 176. The ledger’s stablecoin holders reached about 60,080. These figures show a broader tokenization base, although ownership remains concentrated in several products.
Ripple and XRPL developers are also building infrastructure for regulated markets. Crypto.news reported that permissioned domains, credentials and a permissioned exchange layer now support identity-based access rules on the public ledger. Proposed lending standards could add fixed-term credit products if validators approve them. The next stage will depend on whether issuers turn the growing asset base into regular transfers, trading and settlement activity.
Questions have resurfaced within the cryptocurrency community about whether Ripple could unilaterally destroy its massive XRP escrow holdings. The debate focuses on Ripple’s control over XRP’s circulating supply and the network’s decentralized governance model.
Ripple’s Authority on Escrowed XRPWeb3 investor and blockchain commentator Jake Claver addressed these concerns in a recent social media post, clarifying that Ripple does not have independent power to burn its escrowed XRP. Ripple is a San Francisco-based fintech company known for developing payment solutions using XRP and related blockchain infrastructure.
Claver explained that the XRP Ledger operates under decentralized governance and Ripple itself directly controls only three out of the 35 validators on the network’s Unique Node List (UNL). For any protocol change—such as the destruction of escrowed XRP—a supermajority vote is necessary. According to Claver, that threshold stands at 80%, requiring consensus from at least 28 validators outside Ripple’s control.
Ripple runs 3 of 35 trusted validators, and any change needs approximately 80% consensus. They can lock XRP in escrow, but torching supply takes 28 other independent validators voting yes. Decentralization, in practice.
The XRP Ledger’s governance ensures that no single participant, including Ripple, can arbitrarily alter network rules or destroy tokens without broad validator agreement.
Burning Escrow: Procedure and RoadblocksAccording to Claver, any attempt to burn XRP from escrow would require a formal network amendment, which must be supported by a significant majority of trusted validator nodes. He emphasized Ripple’s limited influence within this structure, reaffirming that direct unilateral action is impossible.
Claver also referred to past statements by David Schwartz, Ripple’s Chief Technology Officer, who has repeatedly maintained that such a measure would need overwhelming network support according to the XRP Ledger’s rules.
Ripple may place, lock, or release XRP in escrow as part of monthly schedules and business operations, but only a large-scale network consensus could approve burning these assets entirely.
Mini dictionary: Unique Node List (UNL) — In the XRP Ledger, the UNL is a set of validators trusted to reach consensus on the state and rules of the ledger. Amendments and critical changes to the protocol require high UNL validator consensus to be enacted.
Community Perspectives and Escrow MonetizationClaver’s explanation drew broad engagement from the XRP community. Some questioned if Ripple would have any motivation to remove a primary source of capital from its balance sheet. XRP_BIBLE argued that monthly sales from escrow remain a significant income source for Ripple, thus making a mass burn unlikely.
Ripple monetizes some of its XRP through monthly sales, so it has little incentive to destroy escrow, which represents a major funding mechanism.
Other users, like WilliamLolli.DigitalAssetEvangelist, reiterated the point that Ripple’s structured releases have always been central to its business model. They questioned why the company would shift away from a system it views as successful.
Another community participant, Italian Gatorade, highlighted the difference between regular transaction fee burns on the XRP Ledger and large, deliberate token burns for optics or pricing effects. The user supported the network’s current process of burning negligible amounts with each transaction, while opposing proposals to destroy escrow similar to certain meme coins.
Community responses overall echoed confidence in the ledger’s decentralized governance, underscoring that any change to XRP’s total supply would require significant, multi-party agreement and not just Ripple’s approval.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Flare spouští šest měsíců integrací pro XRPFi a má z XRP Ledgeru udělat programovatelnou vrstvu. FXRP už přesáhl 150 milionů tokenů, cíl je až 5 miliard XRP.
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Flare Networks co-founder and CEO Hugo Philion has announced the start of a six-month phase of large-scale integration that is expected to radically transform the XRP-based decentralized finance ecosystem, known as XRPFi.
The first technological updates will begin rolling out within the next two weeks, turning Flare into a fully programmable layer for the historically isolated XRP Ledger (XRPL).
Because XRPL was originally designed exclusively for fast payments and does not support smart contracts, billions of dollars worth of XRP have remained in wallets for years without any practical utility.
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Flare is attempting to solve this problem through its FAssets system. Users can convert their coins into the wrapped FXRP token at a 1:1 ratio via hot wallets, gaining access to staking, liquidity pools, and on-chain lending.
How Flare plans to attract 5 billion XRP over the next six monthsInvestors have embraced the initiative, and FXRP issuance has already exceeded 150 million tokens. In the long term, Philion expects the protocol to attract up to 5 billion XRP, representing approximately 5% of the coin's total supply and potentially creating a real shortage of the asset on exchanges.
At the same time, the team is addressing the main problem of traditional DeFi: complete transparency, which discourages large capital holders.
Starting in the next couple of weeks the next 6 months are going to be transformative for XRPFi through Flare.
— Hugo Philion (@HugoPhilion) July 26, 2026 The upcoming Confidential Compute technology, based on trusted execution environments, or TEEs, will allow institutions to execute large trades and take out loans while keeping commercially sensitive information hidden from competitors, with transactions remaining fully and mathematically verifiable on the main network.
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However, whether the XRP price can justify retail investors' expectations remains an open question. Contrary to hopes of an immediate price surge, the current news backdrop requires realism.
The six-month period outlined by Philion is a window for deploying the code, while institutional players will require additional months to conduct security audits of the new bridges.
In addition, the ecosystem critically needs a large inflow of liquidity in stablecoins such as USDT and USDC before lending protocols can become fully operational, something Flare's management has directly acknowledged during private sessions. Until these infrastructure challenges are resolved, XRP's market price will continue to follow broader macroeconomic trends and Bitcoin's movements, temporarily ignoring local successes achieved by developers.
XRP Ledger nově podporuje standard Mastercard Verifiable Intent pro agentické platby. Na XRPL už bylo přes 54 x402 facilitator vypořádáno více než 1,4 milionu agentických transakcí.
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Agent payments on the XRP Ledger now support Mastercard's Verifiable Intent standard, according to a recent X post by t54.ai, an AI infrastructure company building an agentic economy on the XRPL.
The x402 facilitator went live on the XRP Ledger in February 2026, allowing AI agents to pay for services using XRP and RLUSD with no need for an API key or accounts.
According to t54.ai, developers can prove through the x402 Facilitator who authorized a payment, under what limits, and for which purchase, and Trustline screens it before settlement. They can also attach a Mastercard-aligned Verifiable Intent (VI) to their x402 payments so every request agents make is automatically run through the XRPL Facilitator's risk service.
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Verifiable Intent (VI) is a cryptographic proof, carried alongside an x402 payment, that answers three questions a risk engine needs before it trusts an autonomous payment: who authorized it, under what limits, and for exactly which transaction. It follows the Mastercard Agentic Payments / Verifiable Intent standard.
The rise of AI has created new ways to buy and sell goods and services and now requires a new class of payments.
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As part of this push, Mastercard introduced the Agent Pay for Machines (AP4M) service, which will allow payment transactions to be permissioned, orchestrated, and settled at machine speed across its global payments network.
Ripple joined the ecosystem supporting Mastercard's Agent Pay for Machines initiative in June 2026, helping to validate new use cases, establish common rules, and accelerate adoption.
XRPL hits 1.4 million agentic transactionsThe agentic economy on the XRP Ledger is growing, with over 1.4 million agentic transactions settled through t54's x402 facilitator on the XRPL.
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Responding to this milestone, RippleX head of engineering J. Akinyele compared the current state of agentic payments to the early days of cloud infrastructure, when the potential was obvious but the tooling and standards were still being developed.
Akinyele said that as AI agents become more capable, they will require seamless payment infrastructure similar to how they already exchange data, adding that the XRPL is in the early stages of what is possible.
"Crossing 1M agentic transactions on the XRPL is an exciting milestone, but I believe we're still in the early stages of what's possible," Akinyele said in an X post.
Kansaská správcovská společnost Leisure Capital Management ve 2. čtvrtletí vykázala pozici v XRP ETF od Franklin Templeton. K 30. červnu držela 16 745 akcií v hodnotě zhruba 206 000 USD.
Kansas-based wealth manager Leisure Capital Management has revealed a position in Franklin Templeton’s XRP ETF during the second quarter of the year.
According to a newly filed regulatory form with the U.S. Securities and Exchange Commission, Leisure Capital Management held 16,745 shares of the Franklin XRP Trust ETF (XRPZ). They were valued at roughly $206,000 as of June 30.
The investment is not significant, but it shows that XRP is gaining more and more acceptance.
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The Overland Park, Kansas-based wealth management firm manages investment portfolios for individuals and institutions and holds traditional equities, bonds and ETFs.
Image via https://depositphotos.com/photos/kansas.htmlIts XRP ETF position appeared alongside holdings in major companies including Apple, Microsoft, Nvidia and Amazon.
More institutional interest Earlier in July, Realta Investment Advisors reported a position in the REX-Osprey XRP ETF with more than $260 million in reported holdings.
Vista Finance also disclosed exposure to the Franklin XRP Trust ETF, holding 129,958 shares worth approximately $11.45 million.
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Brookstone Capital Management revealed a $71 million XRP ETF position. At the same time, CPR Investments disclosed a $363,000 position in the ProShares Ultra XRP ETF.
Institutional activity has also extended beyond ETFs.
Galaxy Digital, Arrington Capital, The Private Shares Fund and GAM Alternatives Lux recently agreed to purchase approximately $130 million worth of Ripple Labs private shares from Linqto as part of the company’s bankruptcy proceedings.
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The growing number of 13F filings shows that asset managers are increasingly comfortable with XRP, which used to be considered a security by the SEC before being ultimately vindicated.
ETF structures make it possible for institutions to access the asset through familiar investment channels.
Spotové XRP ETF v USA po prudkém startu prakticky zastavily příliv peněz: týdenní toky spadly z více než 200 milionů USD na jednotky milionů a v červenci byly i nulové dny. Ve fondech je nyní 997 milionů USD čistých aktiv, proti 1,49 miliardy USD kumulativních přílivů.
Eight months ago the XRP ETFs launched faster than any product since Ethereum. The bid has since decayed 99%, from $200 million weeks to zero-flow days, leaving $1.49 billion invested, $997 million remaining, and a recovery thesis outsourced entirely to a Senate vote. Here is the full autopsy of a bid, and what its flatline actually prices.
Summary
US spot XRP ETFs launched in November with $667 million in their first month, reaching $1 billion faster than any crypto product since Ethereum’s funds, on an eight-week inflow streak that ran even while Bitcoin funds bled. The bid then decayed by roughly 99%: weekly flows fell from above $200 million to low single-digit millions, the streak ended July 13, and July’s tape shows zero-flow days punctuated by one $7.29 million outflow, the largest since March. The wreckage is precise: $1.49 billion in cumulative inflows now marks against roughly $997 million in net assets, an unrealized deficit near $493 million, with 82% of assets concentrated in three funds and several products flatlined entirely. The one institutional trophy, Goldman Sachs’s $153.8 million position across four funds, is a December-dated 13F snapshot that Bloomberg analysts read as trading-desk facilitation, inside a complex that remains 84% retail-held. The flows have now stabilized at approximately nothing, which the optimistic read calls a floor, and the recovery case has converged on a single external event: the CLARITY Act vote whose odds trade near a coin flip this week. There is a specific moment in the life of every investment product when its story stops being about demand and starts being about anatomy, and for the US spot XRP ETFs that moment can be dated: Monday, July 13, when the daily flow printed zero and an eight-week inflow streak, the product class’s last living narrative, quietly ended. What launched in November as the fastest-growing crypto fund complex since Ethereum’s, $667 million in month one, a billion dollars faster than anyone forecast, institutional validation in fund form, now trades as a case study. The buyers did not rotate, rebalance, or pause. They stopped: from weeks above $200 million to weeks near $2 million, from streak to zero-days, from launch euphoria to a July whose single best session, $6.78 million, amounts to one percent of the early pace. What remains is $1.49 billion of invested capital marking against $997 million of assets, three funds carrying 82% of everything, and a recovery thesis that no longer references the product at all, only a Senate vote. This piece is the full anatomy: how the bid died, what the wreckage precisely looks like, what the lone institutional trophy in the filings actually shows, and what the flatline, honestly read, prices for the asset underneath it.
The decay curve, dated The complex’s eight months divide into three phases so distinct they could belong to different products.
Phase one, the launch bid, ran from November into the winter: $667 million in the first month across seven issuers, the fastest accumulation to $1 billion since Ethereum’s funds, weekly prints above $200 million, and the statistic the marketing decks will never retire, an inflow streak that persisted through weeks when Bitcoin ETFs bled, which was read at the time as evidence of a distinct, durable XRP allocator base. The reading had support: the products launched into the afterglow of the SEC’s surrender, the commodity classification, and the first wave of bank-desk research initiating coverage with conditional price targets in the double digits.
Phase two, the decay, occupied the spring: weekly flows stepped down from nine figures to eight to seven, May still collected over $100 million for the month, and by June the run-rate had thinned to low single-digit millions per week, a decline of roughly 99% from peak that no single event explains and one variable tracks perfectly, the token’s price, which fell from above $2.40 in January to the $1.10s, converting every earlier allocation into a loss and every allocator’s quarterly review into an uncomfortable meeting. Fund flows follow performance with a lag in both directions; the launch streak was the up-lag, and the decay was the down-lag arriving on schedule.
Phase three, the flatline, is July: six sessions of exactly zero flows in the month’s first half, a $7.29 million single-day outflow on July 9, the largest since March, the streak’s formal end on July 13, then a stretch from July 10 through July 20 of zeros and small positives, crowned by the month’s best day, $6.78 million on July 16, driven by two issuers’ desks. The freshest coverage frames the stabilization as survival, the product has not seen an outflow day since July 9, and the framing is technically true and proportionally absurd: the bid that defined the launch is not resting, it is absent, and its absence has become stable. That is what the anatomy shows. The interesting questions are in the tissue.
The wreckage, itemized Four numbers, current as of this week’s data, describe the complex more honestly than any narrative.
$1.49 billion against $997 million. Cumulative net inflows since launch stand near $1.49 billion; total net assets stand near $997 million, roughly 1.45% of XRP’s market capitalization, with about 971 million XRP in custody. The gap, approximately $493 million, is the unrealized loss the allocator base collectively carries, the arithmetic consequence of buying a token averaging well above $1.50 that now trades near $1.10. Every future flow decision the complex’s holders make is made against that deficit, which is the single most important fact in any forecast of the flows resuming: the marginal buyer is being asked to average down into a product whose existing buyers are 33% underwater on invested capital.
82% in three funds. Bitwise holds $312.8 million in assets on $498.3 million of cumulative inflows; Canary $253.2 million on $467.0 million; Franklin $252.2 million on $415.6 million. Together, the top three hold roughly 82% of complex assets, which means the seven-fund complex is functionally a three-fund market with a long tail of products printing zeros. Category-level flow headlines obscure this: an inflow day increasingly means one or two distribution desks had a decent Thursday, and a diversified institutional bid, the launch thesis, would not produce this shape.
84% retail-held. The complex’s ownership base, per the issuer-side analysis that accompanied the spring’s institutional reporting, remains 84% retail, against 48.8% institutional participation in the comparable Solana products, a gap that quantifies how much of the launch narrative, the institutions are here, was distribution, not description. Which frames the trophy correctly.
The Goldman position, read properly. Goldman Sachs’s 13F disclosed $153.8 million across four XRP funds, roughly $40 million in Bitwise, $38.5 million in Franklin, $38 million in Grayscale, $36 million in 21Shares, making it the largest disclosed institutional holder, accounting for 73% of the top 30 institutions’ combined $211 million. The number did real narrative work all spring, and its caveats are the anatomy lesson: it is a December 31 snapshot, disclosed in March, of positions that may not exist today; Bloomberg’s analysts read the four-fund construction as consistent with trading-desk facilitation and client positioning instead of proprietary conviction; and as this publication’s own guide to how to read the Goldman position argues, the form is a rear-view mirror with a 45-day delay, structurally incapable of showing whether the bank held, added, or exited through the subsequent drawdown. The largest institutional XRP position on record is, read strictly, evidence that Goldman’s clients wanted exposure in December. The flows since are evidence of what everyone wanted after.
The geography of the remaining bid One more layer of the anatomy deserves its own examination, because the aggregate US flow numbers conceal a compositional fact with real information in it: through the American flatline, the marginal bid for exchange-traded XRP exposure migrated abroad.
Through the spring decay, European venues carried a share of global XRP product flows out of proportion to their size, with Swiss and broader European ETP wrappers at times representing the substantial majority of weekly net inflows worldwide while the US complex printed its zeros. The absolute sums are modest, European crypto ETPs are an older, smaller, steadier market, but the composition matters for what it falsifies and what it suggests. It falsifies the strongest form of the exhaustion reading: if the asset’s entire allocator universe were fully purchased, the European bid would have flatlined alongside the American one, and it did not. And it suggests where the marginal buyer actually lives: in jurisdictions where the asset’s legal status was never contested, where MiCA-era frameworks settled classification questions years earlier, and where the products consequently trade as ordinary alternatives allocations, not as bets on a Senate calendar.
Read that way, the geographic split becomes the cleanest natural experiment available on the outsourced thesis. The American flows died in the jurisdiction where the asset’s status remains hostage to legislation; the European flows persisted, modestly, in jurisdictions where it does not. If legal permanence is truly the binding constraint on institutional allocation, the CLARITY experiment has already run abroad, and its result, steady but unspectacular demand, prices the upper bound of what passage realistically unlocks: not the JPMorgan-forecast flood, but a normalization to the European pattern, mid-single-digit millions weekly, compounding quietly, unheroically, forever. That is a real bull case, and it is a fraction of the one being marketed.
The alternative reading restores the American market’s exceptionalism: US wealth-management distribution is an order of magnitude deeper than Europe’s, the RIA channel that turned Bitcoin’s ETFs into a $52 billion complex has no European equivalent, and the launch month’s $667 million showed what that distribution can move when it has a story to sell. On this reading, Europe measures the floor of post-CLARITY demand and America’s launch month measured the ceiling, and the truth, as usual, books a room between them. Either way, the geographic ledger deserves a place in every flow analysis this complex receives, because it is the one dataset showing what XRP demand looks like when Washington is not the variable, and it has been quietly reporting that answer, in Swiss francs, all year.
The regulated-channel counterpoint One dataset complicates the pure decay story, and honesty requires it: while the spot complex flatlined, the regulated derivatives channel set records.
CME’s XRP futures built to a peak of $1.4 billion in open interest with 29 large open-interest holders, a record for the venue, even as total XRP derivatives open interest across all venues collapsed from its $10 billion peak by margins reported between 75% and 96%, a deleveraging that wiped out the offshore, retail-levered complex. The split matters because the two channels answer different questions: aggregate open interest tracks speculative leverage, which is gone, while CME positioning tracks the institutions that clear through Chicago, which grew through the wreckage. The honest synthesis is narrower than either headline: the levered retail market deflated, a smaller regulated market matured, and neither flow bought spot tokens, which is why the ETF shelf and the price both starved while the derivatives venue celebrated. Institutional infrastructure and institutional demand are different things, a distinction this asset’s whole history keeps teaching. For the underlying distribution picture, crypto.news has also mapped the supply map under the products.
What the flatline prices Strip the anatomy to its meaning and three readings compete, with the tape currently endorsing the bleakest.
The floor reading, the optimists’ case, holds that the shakeout is complete: outflows never cascaded, the post-July 9 tape shows zero net redemption, the deficit is carried rather than capitulated, and a stabilized base at $1 billion of assets is the platform a catalyst builds on. Its evidence is real, the complex genuinely did not unwind the way GBTC-era products did, and its weakness is that a floor with no bid above it is just a ledge.
The exhaustion reading holds that the launch consumed the entire natural buyer base: the crypto-native allocators, the RIA early adopters, and the bank desks servicing client curiosity all bought in the first two quarters, at prices 40% above the current market, and no second cohort exists at any price the first cohort’s losses will allow advisers to recommend. On this reading the flatline is not a floor but a completed distribution, and the zero-days are what a fully-sold product looks like.
And the outsourced reading, the one the complex’s own defenders now lead with, holds that the flows return when Washington acts: legal permanence unlocks the institutional allocation the launch never actually contained, the 84% retail share inverts, and the JPMorgan-style first-year forecasts the complex undershot get a second life under a market-structure law. This is the reading that matters, because it is the one being priced, and its honest form is uncomfortable: it concedes the product failed to generate durable demand on its own and converts the entire recovery case into a claim about one bill, whose cloture count stands unresolved this very week, whose passage odds trade near a coin flip, and whose own conditional structure, as this publication’s analysis of the conditional targets riding these flows showed, was already the load-bearing wall under every double-digit XRP forecast. The ETF complex, the price targets, and now the flow-recovery thesis have all converged on the same single point of failure. That is not diversification of catalysts. It is concentration, in a legislature, measured at 41% on Polymarket, and the flatline is what an asset looks like while it waits on it.
What to watch The weekly prints against the zero line. The complex has proven it can avoid outflows; the open question is whether anything above $10 million a week ever returns without a legislative trigger. Sustained mid-eight-figure weeks would falsify the exhaustion reading on their own.
The concentration ratio. Watch whether the three-fund share of assets rises above 82%, consolidation continuing, or whether the tail products show life, the only clean signal of a broadening buyer base instead of two sales desks working.
The CLARITY binary, and the day after. Passage would run the outsourced thesis’s experiment in real time: the flows either arrive within weeks, validating everything, or they do not, which would be the most damaging data point in the asset’s institutional history, because it would exhaust the last explanation. Failure of the bill runs the mirror experiment on the deficit’s holders. That is the event the recovery thesis waits on.
The Q1 13F cycle’s ghosts. The May filings covering the drawdown quarter will show whether Goldman and the top-30 cohort held through the decline. A largely intact institutional roster supports the floor reading; a vanished one completes the anatomy.
Eight months ago the XRP ETFs were the proof that institutional demand existed. The anatomy shows what they actually proved: that distribution existed, that a launch window monetized it, and that demand, the durable kind that buys drawdowns, was never located. The complex now holds $997 million, a $493 million scar, and one hypothesis left to test, scheduled for a Senate floor that has not yet set the time. Products usually die of redemption. This one’s fate is stranger: fully built, fully priced, and waiting, with the rest of its asset class, for Washington to tell it whether the buyers were ever real. For context, crypto.news has explained he flow machinery itself.
Frequently asked questions What happened to the XRP ETF inflows? They decayed roughly 99% from launch. The products drew $667 million in their first month from November and sustained an eight-week inflow streak, but weekly flows fell from above $200 million to low single-digit millions by summer. The streak ended July 13, July logged six zero-flow sessions and a $7.29 million outflow day, and the month’s best session brought just $6.78 million.
How much money is in the funds now, and what is the loss? Cumulative net inflows stand near $1.49 billion, while total net assets are roughly $997 million, about 1.45% of XRP’s market capitalization, with approximately 971 million XRP in custody. The gap of roughly $493 million represents unrealized losses on invested capital, reflecting purchases made at substantially higher token prices than the current $1.10 area.
Which funds dominate the complex? Three of seven: Bitwise with $312.8 million in assets, Canary with $253.2 million, and Franklin with $252.2 million, together roughly 82% of all complex assets. The remaining products frequently print zero daily flows, meaning category-level inflow headlines usually reflect activity at one or two distribution desks, not broad-based demand.
Does Goldman Sachs’s position change the picture? Less than headlines suggested. Goldman’s $153.8 million across four funds, disclosed in its Q4 2025 13F, made it the largest institutional holder, about 73% of the top 30 institutions’ combined exposure. But the filing is a December 31 snapshot published in March, Bloomberg analysts read the construction as trading-desk facilitation rather than directional conviction, and the complex overall remains 84% retail-held.
How does the CME futures record fit the story? As a counterpoint about a different market. CME’s XRP futures reached a record $1.4 billion in open interest with 29 large holders even as total XRP derivatives open interest collapsed as much as 96% from its $10 billion peak. The regulated channel matured while offshore leverage deflated, but neither development bought spot tokens, which is why the ETF flows and the price starved simultaneously.
Is the recent stabilization a positive signal? It is the debated question. Since the July 9 outflow, daily flows have been zero or slightly positive, no redemption cascade has occurred, and the deficit is being carried rather than capitulated, the floor reading. The skeptical reading calls the same tape exhaustion: the natural buyer base fully purchased during launch and no second cohort exists at current prices. The flatline is consistent with both until something moves.
Why does everything now depend on the CLARITY Act? Because every other catalyst has been consumed. The SEC resolution, the launches, and the bank coverage all occurred, and the flows died anyway, leaving legal permanence as the last untested explanation for why institutional allocation has not arrived. The recovery thesis for the flows, the analyst price targets, and the asset’s broader institutional case have converged on the same legislative binary, currently priced near a coin flip.
What should investors watch next? Weekly flows against the zero line, with sustained mid-eight-figure weeks as the falsifier of the exhaustion reading; the three-fund concentration ratio, for any sign of a broadening base; the Q1 13F filings covering the drawdown quarter, to see whether the institutional roster held; and the CLARITY vote itself, whose aftermath in either direction runs the decisive experiment on whether the buyers return. This is not investment advice.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Flow figures and asset values change daily and reflect data available at the time of writing. Nothing here is a recommendation to buy, sell, or hold any asset or fund. Always do your own research. Information is accurate as of July 24, 2026.
XRP klesá k krátkodobé podpoře 1,10 USD, zatímco zájem o spotové ETF slábne; týdenní přílivy do čtvrtka činí 8 milionů USD. Ripple zároveň spustil Ripple Mint pro přístup institucí k RLUSD.
Ripple (XRP) slides toward the short-term $1.10 support on Friday, as broader crypto market sentiment weighs on crypto assets. The sell-off mainly stems from fears of inflation in the United States (US) amid the ongoing war in the Middle East and rising Oil prices.
Simon-Peter Massabni, Business Development Head at XS.com, says that digital assets are facing repricing risks due to rising geopolitical tensions and inflation fears.
“Rising oil prices, renewed inflation concerns, shifting expectations for US monetary policy, and continued institutional capital inflows are all shaping market sentiment,” Massabni said in a comment.
Ripple Mint launches to expand RLUSD accessRipple announced the launch of Ripple Mint on Wednesday, a platform providing a unified way for institutions to access, mint, redeem and manage the RLUSD stablecoin.
Ripple Mint was designed to address existing gaps in RLUSD execution by offering access to a user interface with built-in control and oversight. The platform also supports programmatic access to enable automation and system-level integration.
Institutions using Ripple Mint can mint and redeem RLUSD directly from the source, bridge RLUSD across chains, track funds throughout the transaction lifecycle, and integrate RLUSD into their internal systems or workflows.
“This expansion also creates stronger utility between XRP and RLUSD together. As RLUSD becomes available across these environments, XRP will increasingly serve as complementary assets for liquidity, settlement, swaps, collateral, and payments activity across supported chains,” Ripple stated in the press release.
Meanwhile, institutional interest in XRP-related digital assets, such as spot Exchange-Traded Funds (ETFs), is fading, as evidenced by muted activity on Wednesday and Thursday. Cumulative weekly inflows stand at $8 million through Thursday, according to SoSoValue.
XRP ETF flows | Source: SoSoValue“In my view, what we are witnessing is not the beginning of a new bearish cycle, but rather a healthy repricing of risk following a strong rally, provided that institutional demand remains intact and does not give way to broad-based selling pressure,” Massabni added.
Price analysis: XRP bears poised to tighten gripXRP trades at $1.11, holding in a corrective phase below key moving averages, which keeps the broader bias bearish despite the recent stabilization. Price action remains capped by the 50-day Exponential Moving Average (EMA) at $1.14, with the Parabolic SAR at $1.07 also positioned above spot and reinforcing overhead pressure.
Momentum is mixed, as the Relative Strength Index (RSI) hovers near a neutral 49 while the Moving Average Convergence Divergence (MACD) histogram has turned lower, hinting that bullish attempts are losing traction underneath the dominant downtrend defined by the downward trending moving averages.
XRP/USDT daily chartOn the topside, initial resistance is seen at the Parabolic SAR level around $1.07, followed by the 50-day EMA at $1.14, where a daily close above would be needed to ease immediate downside pressure. Beyond that, the 100-day EMA at $1.23 and the 200-day EMA near $1.43 form a broader supply band that would likely cap any extended recovery unless buyers regain stronger control.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Ripple FAQs Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.
XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.
XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.
XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
XRP Ledger letos přidal 801 milionů USD v tokenizovaných aktivech v reálném světě a celková hodnota tokenizovaných aktiv na síti vzrostla na 1,319 miliardy USD. Růst táhne hlavně RLUSD.
The XRP ecosystem has welcomed over $800 million worth of distributed real-world assets this year amid the growing tokenization trend on the network.
The tokenization market has continued to grow in 2026, with its total value now exceeding $410 billion. Current data puts the market at $410.70 billion, made up of $36.72 billion in distributed asset value and $373.98 billion in represented asset value.
Growth has been especially strong in the distributed asset segment. At the beginning of the year, distributed asset value, excluding stablecoins, stood at $25.39 billion. It has since risen to $36.72 billion, as interest in tokenization has gained momentum throughout the year.
XRPL Adds Over $800 Million in Distributed RWA The XRP Ledger has also benefited from the growing interest in tokenized assets. As more attention has moved toward the sector, the network has expanded the value of assets issued directly on the ledger.
Data shows that the XRP Ledger now holds $1.319 billion in distributed asset value when stablecoins are included. Without stablecoins, the figure stands at just $323.18 million.
The network began 2026 with $518 million in distributed real-world assets. Since then, that figure has climbed to $1.319 billion, meaning the XRP Ledger has added exactly $801 million in distributed RWAs this year. The increase shows the network’s growing role in the broader tokenization market.
Distributed RWA on XRP Ledger RLUSD Leads the Growth Ripple’s stablecoin, RLUSD, has driven most of the increase in distributed assets on the XRP Ledger. At the start of the year, RLUSD had a market capitalization of $235 million. It has since grown to $896 million, adding $661 million in value during 2026.
Ripple has supported this growth by increasing RLUSD minting on the XRP Ledger while burning more of the stablecoin on Ethereum. As a result, RLUSD now makes up 67.96% of the XRP Ledger’s total distributed asset value.
The stablecoin ecosystem on the network has also continued to expand. Combined stablecoin market capitalization on the XRP Ledger has reached $995 million, bringing it close to the $1 billion mark.
Alongside RLUSD, Braza USDB contributes $69.44 million, BBRL accounts for $12 million, and USDC adds $5.8 million, with several other stablecoins making up the remainder. These assets have played an important role in increasing the ledger’s distributed asset value.
Total RWA on XRP Reaches $5.35 Billion The XRP Ledger’s tokenized asset ecosystem extends beyond distributed assets. When represented asset value is included, the network now supports $5.35 billion in real-world assets, including stablecoins.
Several tokenized products account for much of that value. The largest is JMWH from Justoken, which is worth $2.229 billion. RLUSD follows with $876 million, while the Ondo Short-Term US Government Bond Fund contributes $222 million. The ASENA FIF – Single Tranche product also represents a significant share with $215.7 million.
These figures confirm how quickly the XRP Ledger’s tokenized asset ecosystem has expanded this year. RLUSD has led the growth in distributed assets, while several large tokenized financial products have strengthened the network’s represented asset value.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP je dnes o 2,39 % níže na 1,11 USD. Přestože XRP ETF přilákaly téměř 1,47 miliardy USD v kumulativních přílivech do konce června a spor s SEC je zcela vyřešen, tlak zůstává kvůli měsíčnímu uvolňování 200 až 300 milionů XRP.
XRP price today is down 2.39% to $1.11 today, underperforming a slightly negative market.XRP ETFs pulled in nearly $1.47 billion in cumulative inflows through late June. An estimated 200 million to 300 million XRP reach the market every single month. The CLARITY Act still lacks the 60 Senate votes needed to beat a filibuster now.XRP is down 2.39% to $1.11 today, underperforming a slightly negative market, in a session driven primarily by broader macro pressure rather than anything specific to the token itself.
The selloff isn’t isolated to crypto. Roughly $2.8 trillion was wiped out across stocks, gold, silver, and crypto in the past 24 hours, following a disappointing Alphabet earnings report that raised concerns about AI spending outpacing profits. Trump has also told Axios he is close to ordering a larger military strike on Iran, adding another layer of macro fear across risk assets.
Technical PictureXRP ran up to $1.16 earlier this week before flushing back down to $1.10 support. The broader trend remains down, with no evidence yet that a major low is in place. Important resistance sits between $1.19 and $1.42, a zone that hasn’t even been tested yet.
If the current bounce fails and price breaks below $1.14, the analyst sees a reasonable bear market target near $0.74 to $0.75, potentially aligned with Bitcoin forming its own cycle low around September or October.
CLARITY Act Remains Stuck
Crypto’s regulatory centerpiece, the CLARITY Act, is still short of the votes needed to pass. The bill needs 60 votes in the Senate, and Republicans currently don’t appear to have all 50 of their own members locked in, let alone the additional Democratic support required.
Senators from Utah and Texas have echoed bank concerns about deposit flight, a senator from Louisiana has voiced hesitation, and at least one Republican has flatly opposed the ethics provisions as written. Senator Elizabeth Warren has publicly urged colleagues to vote against the bill entirely.
Not everyone in finance opposes it. Goldman Sachs CEO David Solomon has publicly called for advancing the legislation. Delays in releasing bill text have pushed negotiations dangerously close to the August 7 recess deadline, according to political reporting cited in recent coverage, leaving a shrinking window to get a vote scheduled at all.
What’s Actually Changed for XRP
Away from daily price swings, XRP’s underlying legal and market position has genuinely shifted over the past year:
The five-year SEC lawsuit is fully resolved, with both sides dropping appeals and the original $125 million penalty reduced to $50 million.Seven US spot XRP ETFs now exist, following Canary Capital’s XRPC launch in November 2025.XRP ETFs pulled in nearly $1.47 billion in cumulative inflows through late June, spanning seven to eight consecutive weeks of net buying before that streak broke with a $7.18 million outflow the week of July 6.Ripple’s own stablecoin, RLUSD, has grown to a $1.5 billion market cap, roughly tripling over the past year, with Mastercard piloting settlements on Ripple’s infrastructure.Why the Price Hasn’t FollowedDespite that progress, several structural factors continue to work against XRP specifically:
ETF funds hold only about 1% to 2% of XRP’s circulating supply, limiting their price impact even during strong inflow streaks.RLUSD may compete with XRP rather than support it, since a dollar-backed stablecoin can move money across borders without anyone ever holding XRP. More than 45% of RLUSD supply currently sits on Ethereum rather than the XRP Ledger.On-Demand Liquidity volume is real, but XRP is typically only held for a few seconds mid-transaction, generating volume without creating genuine demand to hold the coin long-term.Total value locked in XRP Ledger lending and trading apps has fallen roughly 70% from its 2025 peak.An estimated 200 million to 300 million XRP reach the market every single month from Ripple’s escrow releases, with roughly 38 billion XRP still locked and awaiting future release.A newly launched competing stablecoin consortium, Open USD, backed by more than 140 firms including Visa, Mastercard, Coinbase, and BlackRock, positions Ripple as just one participant rather than the center of the payments infrastructure XRP was built to support.A Possible Bottom SignalSome experts see recent industry stress as a sign the market may be nearing a cycle low. Crypto exchange BitMEX is shutting down effective September 23. Several digital asset treasury companies and at least one crypto-focused hedge fund have also wound down operations recently, following a broader wave of deleveraging across the sector.
Story Ends Here
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XRPL Commons spouští tříproudý grantový program pro týmy na XRP Ledgeru, včetně financování podle milníků, technického vedení, mentorství, podpory při uvedení produktu na trh, inkubátorového přístupu a podpory migrace projektů z jiných řetězců. RippleX iniciativu podpořila.
XRPL Commons Launches Three-Track Grants ProgramXRPL Commons, a nonprofit organization that helps grow the XRP Ledger through developer education, startup support, and community programs, unveiled a new grants structure for teams building on the blockchain. The program is structured across three distinct tracks, each designed to serve a different type of builder.
Early Stage Grants provide milestone-based funding, meaning money is released when teams meet agreed development or growth targets. Applicants need a working product on either testnet or mainnet. A second track targets startups at a more advanced stage, while the third track targets established products already operating on the network. The program combines grants with technical guidance, mentorship, and help bringing products to market.
RippleX amplified the initiative as the ecosystem expands its developer resources. The launch also includes incubator access and migration support for projects moving onto the XRP Ledger from other chains.
$550 Million Invested Since 2017Since 2017, more than $550 million has been deployed directly into XRPL ecosystem initiatives, including non-equity grants, builder incentives, strategic partnerships, and growth programs. Since 2021, these efforts have included hackathons, builder bounties, XRPL Grants, and the XRPL Accelerator, supporting nearly 200 projects worldwide across developer infrastructure, payments, DeFi, tokenization, AI, gaming, e-commerce, carbon markets, and enterprise financial applications.
As the ecosystem matures, the focus is shifting toward expanding access to funding through more distributed and independent pathways. Historically, much of the XRP Ledger ecosystem funding flowed through Ripple-supported initiatives such as XRPL Grants. While those programs remain important, 2026 marks a shift toward a more distributed model, where independent organizations, regional hubs, venture partners, and community-led initiatives play a larger role in supporting builders.
XRPL Commons will continue existing programs such as GLOW and The Aquarium, an incubator located in Paris. Partner organizations supporting ecosystem development include a100x Ventures, Superscrypt, Reforge, New Form Capital, Dragonfly, Pantera, Franklin Templeton, and Tenity.
Sources:
XRPL Commons Unveils New Grants Program to Accelerate XRP Ledger Builder Growth (Bitcoin.com)
Supporting Innovation on the XRP Ledger: What's Changing in 2026 (Ripple)
Ripple vyzývá Senát, aby schválil Clarity Act po jeho průchodu Sněmovnou. Stuart Alderoty tvrdí, že zákon posílí ochranu spotřebitelů a pravidla AML/KYC.
Ripple Chief Legal Officer Stuart Alderoty has renewed calls for lawmakers to advance the Clarity Act, legislation designed to regulate the cryptocurrency and digital asset industries in the United States. The bill, formally known as H.R. 3633, cleared the House of Representatives in July 2025 with a 294-134 vote and now awaits action in the Senate Banking Committee following its executive session in May 2026.
Ripple CLO highlights need for stronger consumer protectionsAlderoty described the Clarity Act as a vital step for consumer protection, specifically noting its anti-money laundering and know-your-customer requirements. He argued these provisions, alongside new enforcement tools for federal authorities and state attorneys general, would provide more robust safeguards for both consumers and legitimate businesses in the digital asset sector.
Stuart Alderoty, the top legal executive at Ripple—a blockchain payments company known for its XRP cryptocurrency—has played a prominent role in shaping internal legal policy amid ongoing regulatory scrutiny from U.S. agencies.
The Clarity Act is a consumer protection bill. It addresses the need for “strong AML/KYC requirements” and “real tools for law enforcement and state AGs,” Alderoty stated, pressing lawmakers not to let perfection delay meaningful reform: “Perfect can’t be the enemy of good. Let’s get this done.”
He warned that continued ambiguity around digital asset standards would leave consumers vulnerable to a lack of clear protections, with regulatory gaps that bad actors could once again exploit.
Industry observers scrutinize self-custody provisionsDespite the consumer focus, some in the crypto community see significant unanswered questions in the current draft of the Clarity Act. XRP enthusiast and XRPL validator Justin Nevins examined Senate revisions, suggesting the bill’s self-custody protections, while expanded from earlier versions, mainly apply to those holding digital assets for buying goods or services, not necessarily investors or savers.
Nevins pointed out that the “Keep Your Coins Act” section would prohibit federal agencies from restricting lawful self-custody of digital assets in self-hosted wallets, but the scope of “covered user” remains ambiguous. This uncertainty could affect those who prefer to hold cryptocurrencies as investments or for savings rather than for direct transactions.
The protections for self-custody would not override financial crime or sanctions laws, so authorities could still bar or restrict certain activities even if asset control stays with the user.
Mini dictionary: Senate Banking Committee, the U.S. Senate panel responsible for reviewing and making recommendations on banking, financial, and monetary policy, including legislation related to securities and digital assets.
Self-custody rights are recognized but must still comply with anti-money laundering and sanctions enforcement, so these provisions do not grant unrestricted crypto use.
Developer and DeFi protections under reviewAnother focus of the bill involves protections for blockchain developers. The Senate draft outlines safeguards for software developers, node operators, transaction validators, and others performing technical functions, ensuring these parties are not automatically classified as money transmitters under federal law.
However, these protections seem to depend on whether someone maintains operational control over a protocol. The question of who holds administrative privileges or upgrade keys is particularly relevant to decentralized finance (DeFi) projects, which often aim to limit centralized oversight.
Protocols that allow administrators to alter operations, censor access, or change functions midstream could lose some of these legal protections, highlighting the importance of true decentralization to qualify under the proposed law.
ProvisionImpacted PartiesConditionsSelf-custody protectionDigital asset usersLawful purposes only; subject to AML/Sanctions lawsDeveloper exemptionSoftware developers, validatorsNo protocol control or administrative privilegesThere are also questions about the legal treatment of front-end interfaces, governance activity, and liquidity pool operations, which may require further regulatory guidance in future rulemaking.
SEC and CFTC roles clarified, but debate continuesA central aim of the Clarity Act is to set statutory definitions that delineate which digital assets fall under the Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission (CFTC) oversight. By clarifying the regulatory divide, the bill seeks to reduce market uncertainty for exchanges, brokers, and innovators.
Supporters argue this approach is preferable to regulation by enforcement, while critics question whether all loopholes and potential conflicts have been resolved in the draft language.
Ripple and XRP community closely monitor developmentsThe debate carries particular weight for Ripple and the wider XRP network, given Ripple’s long-standing regulatory disputes in the United States. The company has highlighted the need for clearer laws rather than piecemeal enforcement, which can deter innovation and market participation.
A federal framework could affect how exchanges, financial firms, and developers interact with the XRP Ledger, though the ultimate impact depends on the final legislative text and subsequent implementation by regulators.
With the bill still under review and subject to amendments, it is uncertain what effect the final law might have on the regulatory status of $XRP or similar digital assets.
Next steps and unresolved issuesThe Clarity Act’s specifics on self-custody and developer protections remain important for various sectors of the digital asset market. The bill’s definition of control, as well as exceptions tied to financial crime enforcement, could significantly influence its reach.
Whether these features ultimately address industry concerns or require further revisions will depend on congressional negotiations and future regulatory interpretation.
For now, the ongoing legislative process will determine if the Clarity Act brings a lasting solution to the call for regulatory certainty in the U.S. crypto sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple investuje do Notabene a chce integrovat RLUSD do její B2B platformy pro institucionální stablecoinové platby. Cílí na vyšší soulad s regulací a škálování přes regulovanou infrastrukturu.
Ripple has announced a strategic investment in Notabene, a regulated on-chain transaction network, as part of efforts to promote the adoption of RLUSD in institutional stablecoin payments.
Partnership aims for compliance and scaleThrough this collaboration, Ripple will integrate RLUSD, its dollar-backed stablecoin, into Notabene Flow, Notabene’s dedicated B2B stablecoin payments platform. Notabene’s system focuses on providing regulated transaction infrastructure and compliance tools to financial institutions.
By integrating RLUSD within Notabene Flow, both companies intend to streamline stablecoin-based payments for enterprises while addressing regulatory requirements and risk controls.
Ripple, best known for its global payments and blockchain solutions, developed RLUSD to offer financial institutions a compliant and efficient stablecoin option for business transactions.
Mini dictionary: Notabene, a Swiss-based company, connects regulated financial institutions and digital asset platforms worldwide with a focus on on-chain transaction compliance and verification.
Infrastructure and regulatory obligationsNotabene operates a network that enables regulated digital asset transactions, connecting over 2,300 institutions across more than 100 jurisdictions. The platform reportedly supports $2 trillion in annualized transaction volume and offers comprehensive compliance, identity verification, and transaction authorization tools required by financial institutions.
As more financial entities explore stablecoins for payments, they face increasing challenges related to regulatory standards, compliance, and verification of transaction parties. Notabene’s solution seeks to address these hurdles before any fund transfers take place.
CompanyCore ServiceInstitutions ConnectedJurisdictionsAnnual Transaction VolumeNotabeneOn-chain transaction compliance2,300+100+$2 trillionRippleEnterprise payments, stablecoinsN/A (focus on global enterprise)GlobalN/AVoices from Ripple and NotabeneJack McDonald, Senior Vice President of Stablecoin at Ripple, emphasized the need for robust compliance and identity procedures, stating that technological efficiency alone is not enough for stablecoins to achieve widespread institutional adoption. He pointed to the importance of transaction authorization and ongoing compliance for enabling responsible and scalable use.
Jack McDonald explained that settlement rails must be supported by strong compliance, identity, and transaction authorization for institutional stablecoins to move fully into the mainstream.
Pelle Braendgaard, CEO of Notabene, observed that most institutions have progressed past the evaluation stage and are now focused on integrating stablecoins into their operations while fulfilling complex regulatory and compliance requirements.
Pelle Braendgaard noted that financial institutions are now focused on implementing stablecoins within their existing workflows and maintaining regulatory compliance, rather than simply assessing their utility.
Outlook and regulatory momentumThis investment by Ripple comes as regulated stablecoin infrastructure sees significant expansion, driven by new frameworks including the GENIUS Act in the United States and Europe’s MiCA rules. Both Ripple and Notabene indicated plans to continue building out Notabene Flow’s availability for financial institutions worldwide, aiming to facilitate compliant, cross-border stablecoin payments at larger scale.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple spustil Ripple Mint pro instituce, které nově mohou emitovat a spravovat RLUSD přes web i API. Zároveň rozšířil emisi a odkup na Base, Optimism, Ink, Unichain a XRP Ledger EVM Sidechain.
Ripple has introduced Ripple Mint, a new enterprise platform designed to streamline the minting, management, and redemption of its US dollar-backed stablecoin, RLUSD, for institutional clients. The launch aims to provide large-scale financial players with seamless access to RLUSD, enhanced automation tools, and broader blockchain interoperability.
Ripple Mint offers unified stablecoin managementAccording to Ripple, Ripple Mint enables institutional users to access RLUSD through both an intuitive web dashboard and a robust set of APIs. Institutions may manually manage RLUSD balances, carry out minting and redemption transactions, or integrate directly into their backend systems to automate treasury and settlement workflows.
This unified platform is intended to replace previously fragmented and manual processes often used by exchanges, fintech companies, payment providers, market makers, and asset managers engaged with stablecoins. With Ripple Mint, these participants can directly issue and redeem RLUSD, oversee real-time transactions, and bridge assets across supported blockchain networks.
Ripple’s solution also facilitates integration of RLUSD management into key business operations, including treasury, compliance, settlement, and accounting systems.
Ripple stated that Ripple Mint introduces advanced APIs and real-time webhook notifications, giving institutions end-to-end visibility throughout the minting and redemption lifecycle.
The company explained that unified reference IDs are available within the platform to track fiat deposits, mint requests, on-chain settlements, and redemption payouts, a move designed to simplify reconciliation and reduce operational complexity for enterprise clients.
Broader blockchain access for RLUSDRipple has extended RLUSD’s reach beyond its existing blockchains by supporting minting and redemption on Base, Optimism, Ink, Unichain, and the XRP Ledger EVM Sidechain. This step is expected to give institutions more flexibility in accessing decentralized finance, cross-border payment infrastructure, digital asset exchanges, and tokenized real-world asset markets.
Ripple described the XRPL EVM Sidechain as a key element in its multichain approach, combining Ethereum Virtual Machine (EVM) compatibility with the performance capabilities of the XRP Ledger.
This configuration allows developers and enterprises to build Ethereum-based applications while utilizing the speed and efficiency of the XRP Ledger environment.
Ripple emphasized that RLUSD is not intended to replace XRP. Instead, the two digital assets are designed to operate together within the ecosystem: RLUSD functions as a regulated digital dollar for payments, settlements, and treasury management, while XRP serves as a core liquidity and bridge asset for cross-chain transfers, decentralized swaps, collateralization, and global payments.
Recent integrations, such as RedotPay’s RLUSD payment card powered by the XRPL, highlight Ripple’s push to build an institutional-grade digital finance ecosystem where stablecoins and XRP jointly support global financial infrastructure.
Mini dictionary: RLUSD is Ripple’s regulated, US dollar-backed stablecoin designed for institutional use in payments, settlements, and treasury management across multiple blockchain networks.
Blockchain NetworkRLUSD Minting SupportedXRP LedgerYesEthereumYesBaseYesOptimismYesInkYesUnichainYesXRPL EVM SidechainYesDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Vincent Van Code tvrdí, že CLARITY Act by mohl výrazně podpořit adopci XRP, protože by do federálního práva přenesl jasnější klasifikaci digitálních aktiv. Současná nejistota podle něj stále brzdí velké instituce.
Software developer Vincent Van Code believes the proposed CLARITY Act could have a bigger impact on XRP adoption than many people expect.
He argues that, although XRP’s legal status is clearer today, important regulatory uncertainty still remains.
In a post on X, Van Code said the 2023 district court ruling in the SEC’s case against Ripple significantly reduced legal uncertainty. Notably, the court found that XRP sales on secondary markets are not securities.
He said the ruling has already encouraged more institutional activity. It has supported the expansion of Ripple’s On-Demand Liquidity (ODL) corridors, bank pilot programs, XRP exchange-traded fund (ETF) filings, and broader custody support.
Court Ruling Reduced Risk, but Uncertainty Remains Van Code argued that the Ripple decision is still only a federal district court ruling, not a federal law. Because of that, he said, future legal and regulatory challenges remain possible.
He noted that the SEC could take different positions in future enforcement actions. Future court decisions or changes in administration could also narrow or revisit the ruling.
According to Van Code, this uncertainty continues to concern large financial institutions. Many of them require clear statutory guidance before committing significant capital or integrating digital assets into core financial products.
CLARITY Act Could Encourage More Institutions Van Code said the CLARITY Act is designed to address this issue by putting digital asset classifications into federal law.
He added that banks and traditional financial institutions generally follow conservative compliance standards. As a result, many remain hesitant to hold large XRP positions or build major products based only on a court ruling.
Instead, some institutions have limited their XRP involvement to lower-risk activities. These include non-custodial services, pilot programs, and experimental use cases.
If passed, the CLARITY Act could remove much of the remaining regulatory uncertainty that risk-averse institutions continue to cite. Van Code believes this could support broader institutional adoption of XRP.
However, he emphasized that this is his personal analysis. He did not suggest that the legislation would necessarily have a direct impact on XRP’s market price.
CLARITY Act Advances in Senate A new draft of the Digital Asset Market Clarity Act is circulating in the Senate as lawmakers make a final push to pass crypto market structure legislation before the August recess.
The latest draft includes a controversial ethics provision. It would bar the president and other senior government officials from holding direct crypto investments until 2029. The Department of Justice would be responsible for enforcing the rule.
Republicans say the provision reflects an agreement with President Donald Trump. However, many Democrats argue the restriction does not go far enough. Several have not yet committed to supporting the bill.
Beyond the ethics measure, the legislation would expand consumer protections and clarify how digital assets are regulated. It would also establish rules for crypto exchanges, support tokenized securities, and preserve protections for decentralized finance (DeFi) developers. Developers who do not control customer funds would remain exempt from money transmitter rules.
Republican leaders are expected to bring the bill to the Senate floor soon. However, it will likely need at least 10 Democratic votes to clear the Senate’s 60-vote threshold.
With Congress set to begin its summer recess in August, the coming weeks are the bill’s best opportunity to advance.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Trh sleduje CLARITY Act a podle kryptoměnových lídrů má šanci projít i přes spory o etické podmínky. Ripple mezitím posiluje institucionální pozici, RLUSD už přesáhl 1 miliardu.
The US cryptocurrency industry is closely monitoring the progress of the CLARITY Act, as lawmakers face an increasingly tight deadline to enact the legislation. Digital Asset Investor, a widely followed crypto analyst, expressed growing confidence that the bill will advance despite ongoing disputes between Senate Democrats and the White House over ethics provisions.
Political negotiation and Trump’s possible roleDigital Asset Investor suggested that former President Donald Trump is likely to concede to Senate Democrats’ ethics demands, allowing them all to be formally documented before agreeing to proceed. According to his assessment, stipulations restricting Trump’s personal trading activities in digital assets would not extend to his immediate family or trusts outside his direct control.
He noted, “Just because Trump can’t trade in crypto doesn’t mean his family member” will face equivalent restrictions, implying that the scope of these ethics requirements remains limited in their reach.
He argued that the ethics delays are not insurmountable, referencing Nancy Pelosi’s past trading performance as evidence that ethics debates often center on politics rather than substantive reform. In his view, the bill’s passage is a matter of national security and likely to be settled, regardless of the opposition’s persistence.
The ongoing stalemate has fueled uncertainty in the crypto sector, given the two-week window left for lawmakers to take action on the bill.
XRP’s position and Ripple’s infrastructureBeyond legislative developments, Digital Asset Investor commented on Ripple’s growing prominence in the stablecoin and payment infrastructure space. He referenced recent remarks from the CEO of Wormhole—a cross-chain messaging protocol and Ripple partner—highlighting that RLUSD stablecoin issuance has surpassed $1 billion. Wormhole’s CEO also pointed to Ripple’s strong financial reserves as a strategic advantage in competing with current stablecoin leaders.
A senior Ripple executive further outlined the technical strengths of the XRP Ledger, describing it as purpose-built for large-scale payments and institutional applications. The platform integrates features for escrow, a decentralized exchange, and compliance tools directly into its core, enabling these functions without requiring external smart contracts.
Mini dictionary: Wormhole, a cross-chain protocol, facilitates interoperability by enabling the transfer of data and assets between otherwise separate blockchains.
DTCC collaboration and Ripple’s institutional reachThe discussion also touched on the Depository Trust & Clearing Corporation (DTCC), a key US financial market infrastructure provider processing more than $4 quadrillion in settlements annually. DTCC’s digital assets division stated that no single blockchain currently meets the capacity to process its settlement volume. Instead, DTCC is collaborating with multiple platforms, including Canton and Stellar, with Ripple listed as a partner.
Digital Asset Investor highlighted that Ripple’s broad network of institutional relationships, such as access to central banks and the International Monetary Fund, has positioned the company as an informal incumbent within the growing digital asset ecosystem.
NetworkSettlement CollaborationRippleYes (partnered with DTCC)StellarYes (DTCC collaboration)CantonYes (DTCC collaboration)Ripple, headquartered in San Francisco, provides enterprise blockchain solutions for global payments, and plays a significant role in developing the XRP Ledger for real-time settlement and cross-border transactions.
He concluded that Ripple’s involvement with market infrastructure players is not coincidental, describing the company as “almost like a disguised incumbent” given its extensive high-profile partnerships.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Američtí institucionální investoři přesouvají kapitál do spotových XRP ETF: denní čisté přílivy dosáhly 5,66 milionu USD, zatímco fondy Hyperliquid ztratily 698 040 USD. Děje se to před postupem zákona CLARITY v Senátu USA.
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.
American institutional investors have begun reallocating capital into spot XRP ETFs while actively taking profits in the DeFi segment. According to SoSoValue, daily net inflows into XRP funds reached $5.66 million, while Hyperliquid (HYPE) funds lost $698,040.
Wall Street's shift in priorities comes amid rapid progress in the U.S. Senate on the historic CLARITY Act. The bill, passed by the House of Representatives in July 2025, transfers oversight of digital commodities to the CFTC while leaving the SEC in control only of tokens classified as securities.
Why XRP is gaining traction ahead of the CLARITY ActOptimism surged after Treasury Secretary Scott Bessent said the bill was on the "1-yard line" before approval. Senate Majority Leader John Thune and White House officials also confirmed progress in negotiations, easing disagreements over ethics provisions.
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A special Senate briefing will take place behind closed doors in the near future, with the goal of accelerating an official vote before lawmakers leave for recess. Despite opposition from Democrats, prediction markets now estimate the bill's chances of success at 50%–70%.
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For investors, buying XRP ETFs is a beta bet on the American company Ripple, which develops payment solutions based on the XRP Ledger blockchain. Full legal clarity under the CLARITY Act would give the company's infrastructure more room to expand, including the scaling of its new RLUSD stablecoin.
In the long term, this ripple effect could sharply increase transaction activity across XRPL and trigger mass adoption of XRP by large businesses. Major capital is clearly moving into regulated assets ahead of the curve, restructuring portfolios around the future rules of the market.
Wall Street prefers policyYesterday's crypto ETF data clearly illustrates this trend. While Bitcoin continues to attract most of the capital, recording its sixth consecutive day of growth, and Ethereum steadily holds its position, a clear divide has emerged in the altcoin market.
XRP is attracting funds at roughly the same pace as Solana. However, while capital in Solana remains at high levels because of the network's strong performance in the real-world asset tokenization sector, the DeFi-focused Hyperliquid segment is losing ground.
Investors are actively withdrawing money from BlackRock's iShares HYPE fund. Capital flows into Bitwise's fund have completely stalled, while Grayscale recorded only a symbolic daily transaction.
Total US Spot XRP ETF net inflow over the last 30 days, Source: SoSoValueThis outflow continued a negative trend for Hyperliquid, whose ETFs already suffered substantial losses last week. The rest of the market is currently at a standstill: investors showed only minimal interest in Litecoin and Dogecoin, while capital flows into BNB, LINK, HBAR, AVAX, and DOT funds stopped completely.
An official date for the Senate vote has not yet been set, but fund data confirms that major U.S. buyers no longer want to play regulatory roulette and are already choosing assets tied to American jurisdiction.
RedotPay spustila platební kartu krytou XRP přes síť Visa a pro vypořádání integruje stablecoin RLUSD od Ripple. Uživatelé mohou proti XRP získat úvěrovou linku při 50% LTV bez nutnosti tokeny prodávat.
RedotPay has introduced a new payment card that allows users to spend XRP-backed credit globally across the Visa network, integrating Ripple’s RLUSD stablecoin as a settlement layer. This move aims to enhance the real-world utility of the XRP Ledger (XRPL) and provide digital asset holders with expanded spending options.
How the XRP-backed card worksThe card enables users to pledge their XRP holdings as collateral, unlocking a credit line at a 50% loan-to-value (LTV) ratio. Instead of selling their crypto, users can access liquidity while continuing to benefit from any future growth in XRP’s value. The loan is settled in RLUSD, Ripple’s stablecoin, directly on the XRPL, and the funds become immediately available for use at any merchant worldwide that accepts Visa cards.
For those looking to retain exposure to XRP, this approach removes the need to liquidate tokens for day-to-day spending, offering flexibility for both long-term holders and regular users.
RLUSD operates as the bridge between blockchain and traditional payment networks. By leveraging XRPL’s speed and low cost, RLUSD allows rapid, efficient settlement for each transaction made using the card.
Mini dictionary: RLUSD is Ripple’s stablecoin issued on the XRP Ledger, designed for low-cost, fast settlement within blockchain-based financial networks.
FeatureRedotPay XRP CardTraditional Credit CardCollateralXRP pledged at 50% LTVNo crypto collateralSettlement CurrencyRLUSD (stablecoin) on XRPLNational fiat (USD, EUR, etc.)NetworkVisaVisaGlobal AcceptanceYesYesGrowing demand for stablecoin paymentsRedotPay, a fintech platform serving over 8 million users in more than 100 countries with $12 billion in annual payment volume, reported a surge in stablecoin-powered card transactions this year. The company stated that transaction volume has increased 80% since January and 250% compared with the previous year. This data highlights the gathering pace of stablecoin adoption for real-world payments.
Odelia Torteman, Head of Digital Assets at XRPL Commons, and Taylor Bossung, RedotPay’s Head of Corporate Affairs, discussed how the new XRP Card offers an opportunity for users to unlock spending power through crypto-backed collateral. They also noted the broader financial shift as on-chain lending and blockchain-powered remittances gain momentum in global markets.
Odelia Torteman and Taylor Bossung emphasized that the XRP Card enables holders to maintain their cryptocurrency positions while tapping into everyday spending, reflecting a significant step forward in linking digital assets to real-world payments.
Expanding the XRP ecosystemRedotPay continues to grow its footprint within the XRP ecosystem. In May, the company delivered expanded XRP payment features to millions of users. The platform previously worked with Ripple to boost XRP-powered remittances throughout Africa, aiming to accelerate crypto-to-fiat transfers and make cross-border payments more efficient.
The recent initiatives signal a broader shift for the XRP Ledger, positioning it as more than just a tool for international transfers. Through advances in stablecoin settlements, tokenized lending, and integration with major card networks, XRPL is becoming foundational infrastructure for both digital and everyday commerce—including the emerging field of AI-driven payments where autonomous agents handle transactions.
By combining RLUSD, XRP-collateralized credit, and Visa’s global reach, RedotPay is building a comprehensive bridge between blockchain and traditional finance, driving innovation in payment systems.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Růst XRP podporuje akumulace velryb: adresy s 100 000 až 100 miliony XRP zvýšily držby o 2,8 % za posledních pět týdnů. Menší retailové peněženky mezitím odcházejí z trhu.
XRP's latest rally appears to be backed by growing conviction among large holders.
On-chain data provided by analytics firm Santiment shows that whales have steadily increased their positions while smaller retail wallets continue to exit the market.
Wallets holding between 100,000 and 100 million XRP have increased their combined holdings by 2.8% over the past five weeks.
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During the same period, wallets holding less than 0.01 XRP reduced their balances by 5.2%. There is a clear divergence between institutional-scale investors and the smallest retail participants.
Essentially, large investors were buying the dip while XRP was trading in a relatively weak range between roughly $1.05 and $1.12.
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According to CoinGecko data, XRP has climbed more than 3% over the past week, recently reclaiming the $1.16 level.
XRP has historically tended to follow the behavior of large whales instead of small retail wallets, according to Santiment.
Bullish momentum Whale accumulation is a bullish signal, but, of course, it is not a guarantee that XRP will continue higher. Large holders can accumulate for many reasons, and macro conditions, ETF flows, and broader crypto market sentiment are still the key factors that could make or break the rally.
Recent data shows that XRP spot ETFs recorded $5.09 million in net inflows on July 21 after $2.27 million on July 20 and $6.10 million on July 16. This came after a brief period of outflows earlier this month.
Meanwhile, as reported by U.Today, there are various notable technical developments on the XRP Ledger. Validators are expected to vote within the coming weeks on one of the network's most significant upgrade packages to date.
The proposed amendments would introduce batch transactions and confidential transfers. Additional improvements include enhancements to the ledger's Multi-Purpose Token (MPT) standard.
Rusko schválilo zákon o digitálních měnách a právech, který od 1. září 2026 po podpisu prezidentem zavádí licencování a dohled nad kryptospolečnostmi. XRP má výhodu, protože je už dostupné přes MOEX v rámci DFA.
Russia has formally approved the Digital Currency and Digital Rights Law, establishing a legal foundation for regulated cryptocurrency activity and paving the way for a new era in the country’s digital asset sector.
Legal foundation for licensed crypto businessesSet to become effective on September 1, 2026, once signed by the president, the legislation outlines comprehensive measures for licensing and oversight of crypto businesses operating in Russia. The law grants the country’s central bank, the Bank of Russia, authority to license and supervise five classes of crypto service providers: exchanges, brokers, asset managers, custodians, and crypto exchangers.
Companies currently offering crypto services will be permitted to operate through a transition period ending July 1, 2027. During this time, crypto exchanges are required to maintain a minimum capital of 15 million rubles, which currently equates to roughly $190,000, and must join an approved self-regulatory organization to ensure industry standards and compliance.
While the new legislation maintains the ban on cryptocurrency use for domestic payments, it explicitly allows digital assets to be used as a tool in cross-border transactions. This approach supports Russia’s efforts to develop blockchain-based settlement mechanisms amid ongoing international sanctions and evolving global financial conditions.
XRP’s unique status within Russian financial infrastructureXRP, the cryptocurrency developed by Ripple Labs for fast and inexpensive cross-border transfers, stands out in this regulatory transition due to its existing presence within Russia’s financial ecosystem. The Moscow Exchange (MOEX), Russia’s largest securities and derivatives trading platform, already enables access to XRP via its Digital Financial Assets (DFA) platform. This infrastructure allows institutional investors to hold tokenized versions of cryptocurrencies, such as XRP, through regulated investment products rather than direct asset acquisition.
Mini dictionary: Digital Financial Assets (DFA): In Russia, DFAs refer to tokenized financial instruments recognized under regulation, allowing for the tokenization of real-world assets or cryptocurrencies and enabling their trading in regulated environments such as MOEX.
MOEX’s expansion into tokenized investments provides regulated avenues for exposure to digital assets. As a result, XRP enjoys early access and integration where many other digital assets must wait until the full licensing regime is implemented.
CriteriaXRP (via MOEX)Other CryptocurrenciesCurrent access in RussiaAvailable to institutions through DFA channelsPending until new licenses are issuedRegulated investment productsYesNo or limitedLegal use in cross-border tradePermittedPermitted after licensing Institutions operating within MOEX’s DFA ecosystem may find it easier to gain exposure to XRP thanks to established, regulated investment options, giving XRP a potential advantage as Russia prepares to activate its newly licensed digital asset framework.
Wider context for Russia’s crypto reformsThe timing of these reforms coincides with reports that Russia is selling portions of its gold reserves to address fiscal challenges intensified by sanctions. As the government seeks alternative financial structures, the expansion of regulated digital asset infrastructure and the explicit legalization of cryptocurrency in international transactions illustrate a clear pivot toward non-traditional settlement networks.
While the law does not grant any cryptocurrency, including XRP, unique legal status or a guarantee of mass adoption in Russia, it positions regulated platforms such as MOEX—and the digital assets they support—as central players in the country’s evolving approach to digital finance.
With the licensed crypto market set for a September 2026 launch, XRP’s established integration within Russia’s financial infrastructure signals that it could attract institutional interest early in this regulated era of cross-border digital asset use.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP Ledger překonal jeden milion agentických transakcí vypořádaných přes x402, což ukazuje rostoucí využití XRP pro strojové mikroplatby. RippleX čeká další růst až na 10 až 100 milionů v příštích letech.
The XRP Ledger has surpassed a significant milestone, recording over 1 million agentic transactions. These transactions, settled via the x402 protocol, indicate the growing use of XRP for machine-to-machine micropayments. RippleX’s Head of Engineering, Ayo Akinyele, anticipates that this volume could reach between 10 and 100 million in the coming years. The development coincides with the launch of the XRPL AI Hub by Ripple-backed t54.ai, aiming to integrate payments and AI agents. This milestone suggests an emerging role for the XRP Ledger as a settlement layer in the agentic economy.
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Key Takeaways The milestone of 1 million agentic transactions on the XRP Ledger suggests increasing adoption of XRP for machine-to-machine payments. RippleX’s Ayo Akinyele anticipates a significant rise in transaction volume, potentially reaching 100 million in the next few years, which may indicate a robust growth trajectory. Pricing suggests market participants view this development as supportive of XRP’s potential for reaching a new all-time high by 2026. What to Watch Observers should monitor further announcements from Ripple and the XRPL AI Hub for indications of continued growth in agentic transaction volumes. Developments such as XRP ETF approvals or significant partnerships could act as catalysts, potentially influencing market sentiment toward XRP reaching a new all-time high. The market will also watch regulatory actions from entities like the U.S. SEC, which could impact sentiment and pricing.
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Contract Odds Δ since publish Volume 24h September 30, 2026 1.2% — — View market → December 31, 2026 6.2% — — View market →
T. Rowe Price spustila kryptoměnové ETF vedené bitcoinem, který tvoří zhruba 41 % portfolia, a ETH asi 18 %. Blue Macellari říká, že trh je stále v „crypto winter“.
Bitcoin Provides Defensive ExposureBlue Macellari, T. Rowe Price’s head of digital assets and the ETF’s lead portfolio manager, said the fund reflects the company’s longstanding emphasis on active management and fundamental research.
"We were never going to launch just a Bitcoin ETF," Macellari said during an appearance on the Crypto Prime podcast on Monday.
Its initial portfolio was led by Bitcoin at roughly 41% and ETH at about 18%, followed by positions in BNB, SOL XRP, HYPE and smaller allocations to other assets.
Macellari described the current market as a crypto winter and noted the fund is positioned relatively defensively, explaining its substantial Bitcoin weighting.
‘Tokenization Good, Crypto Bad’ Is A False DivideMacellari argued that Wall Street often tries to separate tokenization from cryptocurrencies by claiming tokenization is valuable while native digital assets are not.
She rejected that distinction.
If stocks, funds and other financial products migrate to public blockchains, their activity could create value for the networks and native tokens underpinning those systems.
The broader portfolio reflects T. Rowe Price’s bullish outlook on what she called "on-chain finance."
Macellari highlighted Hyperliquid’s revenue model as particularly compelling because it can be understood and valued using metrics familiar to traditional investors.
ETH and SOL may also benefit as financial institutions move tokenized assets and around-the-clock markets onto blockchain networks, she predicts.
Crypto Winter May Approach Its Final StageMacellari explained that the market has been in a persistent downturn since the October 2025 selloff, marking the first crypto winter experienced by many investors through spot exchange-traded products.
Bitcoin has suffered a drawdown of about 50%, while Ethereum, Solana and other altcoins have faced deeper declines.
However, she said the selloff has created more attractive asymmetric opportunities in projects whose underlying adoption and economics remain intact.
The key difference from previous winters is that banks, asset managers and financial platforms have continued developing digital-asset infrastructure rather than abandoning the sector.
Macellari expects choppy conditions and the possibility of further declines through the summer but believes the market could begin emerging from crypto winter heading into Q4.
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Standard Chartered vidí XRP na 28 USD do roku 2030, ale vše nad zhruba 3 USD podmiňuje schválením CLARITY Act v Senátu. Pravděpodobnost schválení je nyní kolem 32 %.
Standard Chartered’s roadmap has XRP at $28 by 2030. Read the fine print and every dollar above $3 depends on one bill passing a Senate that has sat on it for a year. The most institutional price target in crypto is a bet on Congress, trading at one-in-three odds.
Summary
Standard Chartered’s Geoffrey Kendrick cut his 2026 XRP target 65% in February, from $8 to $2.80, the deepest cut across the bank’s crypto coverage, while raising his long-range ladder to $7 in 2027, $12.60 in 2028, and $28 by 2030. The conditions are explicit: the near-term target needs only a macro recovery, but the 2027 and 2028 legs require the CLARITY Act to pass and spot ETF inflows to scale past $4 billion. The $28 endpoint assumes XRP becomes core financial infrastructure at a market cap near Bitcoin’s 2025 peak. Both conditions are currently failing. CLARITY has gone a year without a Senate floor vote, its text keeps slipping, and prediction markets price 2026 passage near one in three. ETF inflows have collapsed from $200 million a week to roughly $2 million. The honest math is stark: Bitwise’s formal valuation model spans $29.32 to 13 cents for 2030, a 200-fold range driven by the same binary assumptions, and analyst consensus clusters at $5 to $10 only “if CLARITY clears.” XRP trades near $1.10. Every institutional target above roughly $3 is, mechanically, a legislative forecast wearing a price target’s clothes, and holders pricing the roadmap without pricing the Senate are reading half the document. Price targets are supposed to be about assets. The most cited institutional forecast in XRP is, on inspection, about a legislature. Standard Chartered’s Geoffrey Kendrick, the closest thing crypto has to a house analyst on Wall Street, maintains a roadmap that carries XRP from roughly $1.10 today to $28 by 2030, and he has been unusually honest about the machinery underneath it: the near-term number needs nothing but a market recovery, while every rung above it requires the bill the roadmap depends on to become law and ETF money to arrive in billions. Those are not market variables. One is a bill that has spent a full year without a Senate floor vote, whose text has slipped repeatedly, and which prediction markets price near one-in-three for 2026; the other is a flow that has decayed from $200 million a week at launch to roughly $2 million now. The roadmap is rigorous, transparent, and conditional to its core, and the market that quotes its endpoints has mostly declined to read its conditions. This piece reads them, prices them, and asks what an XRP holder actually owns: an asset with an institutional bull case, or a leveraged position on the United States Congress.
The roadmap, with its fine print restored Kendrick’s forecast deserves to be laid out properly, because its evolution is more informative than any single number in it.
The original ladder, published in April 2025 while Ripple was still litigating with the SEC, projected $5.50 by the end of 2025, $8 by the end of 2026, and $12.50 by 2028, resting on three named catalysts: resolution of the SEC case, spot ETF inflows of $4 billion to $8 billion, and growing payments use. What happened next is the interesting part: the catalysts substantially arrived, the SEC dropped its appeal, spot XRP ETFs launched in November and pulled in over a billion dollars faster than any product since Ethereum’s, Ripple spent roughly $2.7 billion assembling a prime brokerage and treasury stack, and the price went to $1.16 anyway, its lowest in fifteen months, dragged by a market-wide selloff Kendrick described as capitulation-prone. His February response was the deepest cut in the bank’s crypto book, the 2026 target from $8 to $2.80, alongside reductions for Bitcoin, Ethereum, and Solana.
And then the detail most coverage skipped: he raised the far end. The revised ladder runs $2.80 this year, $7 in 2027, $12.60 in 2028, $19.60 in 2029, $28 in 2030, with the long-range numbers lifted even as the near ones fell. The conditions attached are explicit in the bank’s work and in every serious reading of it. The $2.80 leg requires only macro repair, lower rates, risk appetite, a crypto market that stops falling. The $7 and $12.60 legs require the CLARITY Act to pass and cumulative ETF inflows to scale beyond $4 billion. The $28 endpoint requires XRP to stop being a traded asset and become, in the bank’s own blunt framing, core global financial infrastructure, at a market capitalization near $1.7 trillion, which is approximately what all of Bitcoin was worth at its October 2025 peak. The roadmap is not a prediction that compounds; it is a staircase where each step has a named gatekeeper, and from the second step up, the gatekeeper is the federal government.
The conditions, marked to market Take the two named conditions and price them with current data, because that exercise is the entire article.
Condition one: CLARITY becomes law. The bill’s year has been a study in almost. It cleared the Senate Banking Committee in May on a bipartisan 15-9 vote, which was real progress and is also the last floor-adjacent event it has produced. The revised text has slipped repeatedly, most recently after a White House meeting failed to break the deadlock, with the merged draft’s ethics provisions, the Trump family’s crypto holdings, and Democratic co-sponsorship all unresolved; not one Democrat currently backs the draft in circulation, and the August recess eats the calendar from the other end. Prediction markets, which watched the same year happen, price 2026 passage around 32%, down from near 50% in the spring. Senator Lummis has warned publicly that missing this window could shelve the bill for years. None of this makes passage impossible, majorities want a market-structure law in the abstract, but a one-in-three market probability is what the condition is currently worth, and the roadmap’s $7-and-above rungs inherit that discount factor whole.
Condition two: ETF inflows past $4 billion. For readers needing the base mechanics, crypto.news has explained how the flow condition is measured. The products launched spectacularly, $667 million in the first month, a billion dollars faster than any recent debut, an eight-week inflow streak that ran even as Bitcoin funds bled. Then the decay set in, and the current run-rate is the condition’s obituary: weekly flows that touched $200 million now measure around $2 million, July has printed zero-inflow days and the first outflows, cumulative inflows sit near $1.49 billion, barely a third of the condition’s threshold, and the assets that did arrive are roughly $493 million underwater against a $1.10 token. The internals are thinner than the totals: some 82% of complex assets sit in three funds, and a category-level inflow day increasingly means two issuers’ sales desks had a decent Thursday while five products recorded nothing. Analysts modeling the flows tie their recovery to, of all things, condition one, arguing institutional allocation resumes when legal status is permanent, which means the two conditions are not independent. They are one condition wearing two hats, and the hat that matters sits in the Senate.
The case for the conditional bull The strongest honest version of the roadmap’s defense is worth stating fully, because Kendrick is not naive and the structure of his call has real merit.
Conditional targets are what rigorous analysis looks like. A forecast that names its dependencies, CLARITY, $4 billion of flows, infrastructure adoption, is falsifiable and updatable in a way that round-number moonmath never is, and Kendrick’s willingness to cut his own headline number 65% in public is the behavior of an analyst marking to reality instead of defending a franchise. Note also what he did at the long end: raised it, on the argument that the fundamental build-out, the acquisitions, the licenses, the ETF wrapper existing at all, improved XRP’s decade even as its year collapsed. That is a coherent position, not a hedge.
The legislative bet itself is less speculative than a one-in-three market price makes it sound, on this view. Market-structure legislation has bipartisan support in principle, an industry spending historic sums to get it, a White House demanding it, and a predecessor, GENIUS, that proved the votes exist when text and politics align. Bills look dead until the week they pass; prediction markets priced GENIUS pessimistically inside its own final month. If CLARITY or any successor framework lands in 2027 instead of 2026, the roadmap’s ladder shifts a year without breaking, and an asset priced at $1.10 against a $7 conditional target offers the kind of asymmetry institutional allocators are paid to notice. The Bitwise model’s bull leg reaching $29.32 says a formal valuation framework, not just a bank’s conviction, can generate these numbers when the assumptions fire.
And beneath both conditions sits the quiet third catalyst the roadmap only gestures at: the institutional stack behind the thesis, the trust-bank charter awaiting final approval, the pending Fed master account that would be a first for a crypto-native firm, the prime brokerage clearing trillions. If that stack converts into settled volume that actually requires the token, the fee-and-utility floor under the price rises regardless of Washington’s calendar. The bulls’ summary is fair: the conditions are named, the discount is priced, and the asymmetry is the product.
LATEST: Ripple accelerates its evolution with deep liquidity, growing $XRP reserves, native stablecoin, Hidden Road integration, banking access, and institutional settlement engine pic.twitter.com/CoXOfAYveE
— crypto.news (@cryptodotnews) April 19, 2026 The case that a conditional target is not a target The skeptical reading does not dispute Kendrick’s numbers. It disputes what kind of object they are.
A price target whose upper rungs require an act of Congress is a legislative forecast, and banks are not better at those than prediction markets are. The one-in-three CLARITY price is not an inefficiency waiting to be arbitraged by people who read committee schedules; it is the aggregated judgment of a market that has watched this specific bill slip for a year, and the roadmap’s expected value collapses once the conditions are weighted honestly. Multiply the ladder out: $7 in 2027 at a one-in-three legislative probability, further discounted by an ETF condition running at a third of its threshold with decaying flows, prices the conditional rungs somewhere far below the headline, which is, notably, roughly where the market actually trades the token. On this reading, XRP at $1.10 is not ignoring the institutional bull case. It is pricing it correctly, conditions included, and the gap between spot and roadmap measures the conditions’ improbability rather than the market’s ignorance.
The Bitwise spread makes the point mathematically. A formal model that outputs $29.32 in its bull state and 13 cents in its bear state for the same asset in the same year is not describing a range of outcomes for a business; it is describing a binary event with a token attached. Two hundred-fold spreads do not appear in the valuation of assets whose futures are continuous; they appear when everything depends on a switch, and the switch here, the regulatory ground under the target plus the institutional adoption it gates, sits outside the asset entirely. Holders own exposure to the switch without any influence over it, which is a structurally different proposition from owning a claim on a growing system, and it deserves a different name than price target.
History supplies the uncomfortable base rate. XRP’s community has already lived one complete cycle of this structure: years of arguing the SEC case was the only thing suppressing the price, followed by the case resolving, the ETFs launching, the acquisitions closing, and the token underperforming the entire asset class anyway, down more than 60% from its 2025 high while its catalysts fired one by one. The lesson the tape taught, that clearing the named obstacle does not deliver the promised repricing, is precisely the risk the new roadmap reproduces at a higher level of government. And the flows condition has already offered its preview: the ETFs arrived, the inflows came, the price fell through all eight weeks of the streak, and the buyers stopped. A thesis that failed its own dress rehearsal does not become sturdier by moving the decisive scene to the Senate floor.
The roadmap’s quiet third catalyst deserves fuller treatment before the verdict, because it is the one input whose calendar Washington does not control alone. Ripple’s institutional stack has kept compounding straight through the price collapse: the national trust bank charter, conditionally approved in December, awaits final OCC sign-off, with only one crypto-native firm ever having completed that journey; the Federal Reserve master account application, which would give a crypto company direct access to the central bank’s payment rails for the first time, sits in a queue the Fed has formally paused for new Tier 3 decisions until the end of 2026, with Kraken’s five-year path to approval as the only precedent; and the prime brokerage assembled from the Hidden Road acquisition now clears institutional volume at a scale no other crypto firm matches. Analysts modeling the master-account scenario describe it as the catalyst no price target has fully priced, the event that would move XRP’s story from regulatory permission to infrastructure incumbency. The honest caveat is that this catalyst shares the others’ defect at one remove: charters and master accounts are also government decisions, made by regulators instead of legislators, on calendars measured in years. The stack is real, its compounding is observable, and its conversion into token demand remains the same unproven step the whole thesis keeps deferring. It widens the bull case’s foundations without shortening its timeline, which is precisely why the bank parked it under the 2029 and 2030 rungs, not the near ones.
The comparison set inside the ETF complex sharpens the flow condition further, because the aggregate numbers hide a structure that matters for whether $4 billion is even reachable. Seven US spot XRP products launched within weeks of each other, and the field has already stratified beyond recovery: Bitwise, Canary, and Franklin hold roughly 82% of complex assets, the remaining funds regularly print zero-flow days, and the best single day of July, under $7 million, came almost entirely from two issuers’ distribution. That concentration converts the headline condition into a narrower question than the roadmap implies. Getting from $1.49 billion to $4 billion does not require a market-wide change of heart about XRP; it requires two or three sales organizations to find another two and a half billion dollars of allocator demand for a product their clients currently hold at a half-billion-dollar unrealized loss. Fund flows follow performance with a lag in both directions, which is how the launch streak ran eight weeks into a falling price and why the decay since has been so complete. The precedent that haunts the setup is the launch itself: XRP reached its first billion of ETF inflows faster than any asset since Ethereum, an achievement the roadmap’s original version treated as the catalyst arriving, and the price fell throughout. A condition that was substantially met once, at maximum velocity, without producing the predicted repricing, now needs to be met again, from a lower base, against worse performance, before the next rung unlocks. That is the version of the flow condition an allocator actually faces, and it is meaningfully harder than the single cumulative number in the bank’s fine print suggests.
What a holder actually owns Strip the argument to its usable core and the position clarifies.
Below roughly $3, XRP’s institutional targets are macro calls, and the asset trades like the rest of the risk complex, with the same Fed, the same liquidity, the same beta. In that band, the roadmap says little that Bitcoin’s chart does not. Above roughly $3, every institutional number in circulation, Kendrick’s $7 and $12.60 and $28, the consensus $5-to-$10 cluster, Bitwise’s bull leg, is conditioned on the same two-headed event: American market-structure law passing and the institutional allocation it is assumed to unlock. A holder at $1.10 therefore owns three stacked exposures, a crypto-market beta, a Washington binary priced near one-in-three, and a residual bet that legal clarity converts into token demand, the step the SEC-resolution cycle already failed to deliver once.
None of that makes the position irrational; binaries with asymmetric payoffs are a legitimate thing to own, and the roadmap’s transparency about its conditions is exactly what makes the position priceable at all. What it makes irrational is quoting the ladder without its gates, and the gates have a calendar. The floor-vote window before the August recess, the fall session after it, and the 2027 political cycle beyond are, mechanically, the price target’s actual chart. Watch Polymarket’s CLARITY line before watching XRP’s, watch the weekly ETF prints for any sign the $4 billion condition resurrects, and watch whether the text that keeps slipping ever stops slipping. The bank told everyone precisely what has to happen. The market is telling everyone precisely how likely it thinks that is. The only mistake available to a holder is reading one document and not the other. Crypto.news has also explained why reading institutional positioning honestly means treating delayed disclosures and flow headlines as conditions, not proof.
Frequently asked questions What is Standard Chartered’s current XRP forecast? The bank’s revised roadmap, published with its February cuts, projects $2.80 for end-2026, $7 in 2027, $12.60 in 2028, $19.60 in 2029, and $28 by 2030. The 2026 target was cut 65% from $8, the largest reduction across the bank’s crypto coverage, while the longer-range targets were raised. At $28, XRP’s market capitalization would reach roughly $1.7 trillion, near Bitcoin’s October 2025 peak value.
What conditions does the roadmap depend on? Explicitly stated ones. The $2.80 leg requires only a broad crypto-market recovery. The $7 and $12.60 legs require the CLARITY Act to pass and cumulative spot ETF inflows to scale past $4 billion. The $28 endpoint assumes XRP becomes core global financial infrastructure rather than a traded asset. The bank’s original 2025 roadmap carried similar named catalysts: SEC case resolution, ETF inflows, and payments adoption.
How likely is the CLARITY Act to pass? Prediction markets currently price 2026 passage around 32%, down from near 50% in spring. The bill cleared the Senate Banking Committee 15-9 in May but has gone a year without a floor vote, its revised text has slipped repeatedly including after a failed White House meeting, no Democrat backs the current draft, and the August recess shortens the calendar. Senator Lummis has warned a missed window could shelve it for years.
How are the ETF inflows tracking against the $4 billion condition? Poorly. Cumulative net inflows sit near $1.49 billion since the November launch, roughly a third of the threshold, and the run-rate has collapsed from about $200 million a week at launch to around $2 million, with July printing zero-inflow days and the streak’s first outflows. Assets are roughly $493 million underwater at current prices, and about 82% of the complex sits in just three funds.
Why did XRP fall even as its earlier catalysts arrived? That is the cycle’s hardest lesson. The SEC dropped its appeal, spot ETFs launched with record early demand, and Ripple deployed roughly $2.7 billion on institutional acquisitions, yet the token fell more than 60% from its 2025 high with the broader market. Analysts attribute the gap to macro conditions, persistent early-holder selling, and the structural fact that network adoption does not automatically create token demand.
What does the Bitwise model’s range mean? Bitwise’s formal valuation framework outputs 2030 scenarios from $29.32 down to 13 cents, a roughly 200-fold spread. Ranges that wide indicate a binary structure: the outcomes depend overwhelmingly on whether legal clarity and institutional adoption fire, not on incremental business performance. It is the same conditionality as the bank roadmap, expressed as a probability distribution rather than a ladder.
Is a conditional price target still useful? Yes, if read whole. Named conditions make a forecast falsifiable and updatable, and Kendrick’s public 65% cut shows marking to reality. The danger is quoting the ladder without its gates: above roughly $3, every institutional XRP target in circulation depends on the same legislative and flow conditions, so the honest way to use the roadmap is to track the conditions, Polymarket’s CLARITY odds and weekly ETF prints, alongside the price.
What should XRP holders watch next? Three calendars. The Senate floor window before the August recess and the fall session, since the legislative condition dominates everything above $3. The weekly ETF flow prints, for any sign the $4 billion condition revives, including whether inflows broaden beyond the three dominant funds. And Ripple’s institutional stack, final trust-bank approval and the pending Fed master account, which is the roadmap’s quiet third catalyst. This is not investment advice.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. It discusses analyst forecasts and legislative probabilities that can change quickly and may prove wrong in either direction. Nothing here is a recommendation to buy, sell, or hold any asset. Always do your own research. Information is accurate as of July 21, 2026.
The XRP ecosystem continues to develop despite broader macroeconomic uncertainty.
Asheesh Birla, CEO of XRP treasury company Evernorth, highlighted three recent milestones involving AI payments, institutional education, and decentralized lending.
Birla said while markets remain focused on possible U.S. Federal Reserve rate decisions, activity within the XRP ecosystem has continued to grow without relying on macroeconomic catalysts.
AI Agents Complete One Million XRPL Payments Birla said AI agents processed about one million payments on the XRP Ledger (XRPL) in roughly one month. He cited on-chain data from AI payments platform t54ai.
According to Birla, the milestone shows software autonomously paying other software through XRPL. Transactions settle in seconds and cost only fractions of a cent.
He added that this level of activity was not present earlier this year, suggesting growing demand for AI-powered micropayments on the network.
DTCC References XRP in Educational Materials Birla also highlighted that the Depository Trust & Clearing Corporation (DTCC) added XRP to its educational Learning Center. The asset is referenced in materials explaining how crypto collateral haircuts work.
He clarified that this does not mean DTCC has decided to accept XRP as collateral. Instead, he said the educational content includes XRP as part of broader discussions about digital asset collateral management and risk assessment.
XRP Lending Proposal Enters Testing Birla’s third update focused on the XRP Ledger’s on-chain lending proposal, XLS-66, which has entered the testing phase.
RippleX recently confirmed that testing is now underway. The milestone marks another step toward expanding decentralized finance (DeFi) functionality on XRPL. Birla said tracking protocol development offers more insight than focusing on short-term price movements.
Ripple Expands Institutional Strategy With XRP Ledger and RLUSD Meanwhile, Ripple is strengthening its institutional blockchain strategy through partnerships with Mastercard, JPMorgan, Ondo Finance, and OKX.
In a Grayscale interview, Ripple SVP Jack McDonald said the company is building institutional-grade infrastructure, with trades from its collaborations with Mastercard, JPMorgan, and Ondo Finance set to settle on the XRP Ledger (XRPL).
McDonald also highlighted OKX’s expanded support for Ripple USD (RLUSD), allowing the stablecoin to be used for spot trading, derivatives, and collateral.
RLUSD, launched about 18 months ago, has grown to a market cap of around $1.6 billion. McDonald said Ripple’s priority is now shifting from exchange listings and growth to expanding RLUSD’s real-world institutional utility while continuing to use XRPL as its settlement layer.
Ecosystem Development Continues Summing up the recent progress, Birla said advances in AI payments, institutional education, and on-chain lending show that XRP ecosystem builders are continuing to expand the network despite market uncertainty.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Na XRP Ledger už běží v3.2.0 u 66 % důvěryhodných validátorů, ale k aktivaci amendmentu je stále potřeba přes 80 %. FixCleanup3_2_0 už má podporu 85,71 %.
Ripple-backed XRP Ledger’s newest software update is starting to roll out as The number of validators upgrading to v3.2.0 is increasing. According to the recent XRPL Explorer data, 66% of the trusted validators are running the release. The migration progresses while the network is getting ready for the amendment, called fixCleanup3_2_0.
XRP Ledger v3.2.0 Sees Increasing Validator Support As per the upgrade tracker, there are now 99 validators running v3.2.0. This is 66% of the validator set. It also reveals 481 nodes (57.33%) are running the latest version. However, there is still significant use of older software. Version 3.1.3 is still on 42 validators, representing 28% of the total. It also has 322 nodes that are powered, representing 38.38% of all 825 nodes.
The XRP Ledger has a very critical amendment process. They must be supported by over 80% of the trusted validators. That support should not change during 2 consecutive weeks. The new statistics indicate the network is still short of that. To reach the threshold, another 25 percentage points of additional adoption are needed for v3.2.0.
XRP Ledger version 3.2.0 includes a number of technical enhancements as it covers infrastructure improvements. It is also packed with fixes and developer enhancements. There is one major change via XLS-0095.
The proposal officially changes the name of the server software from rippled to xrpld. The rollout started on June 15. The configuration paths need to be updated for validators and node operators. They also need to update deployment scripts, metadata references, and database directories.
About The Fix Amendment The fixCleanup3_2_0 amendment has already passed the necessary voting level. Currently, it has 85.71% validator support. For this, 30 validators cast their votes in favor while six validators voted against.
The proposed plan is now in the required two-week activation process. The activation period will be July 29, 2026, at 09:57 UTC. It will continue as long as support remains above 80% for the entire countdown.
The node operators are advised to upgrade their nodes before activation as per XRPL validator Vet. The mod is an enhancement to the existing features, rather than new additions. Resolves some accuracy and rounding problems in Single Asset Vaults and Lending Protocol. It also fixes problems related to the Permissioned DEX and Permissioned Domains.
Velrybí depozity XRP na Binance spadly na 25,3 milionu tokenů denně a 30denní příliv klesl na přibližně 947,4 milionu XRP, což je nejnižší hodnota za poslední dva měsíce. XRP se mezitím vrátil nad 1,13 USD.
XRP climbed back above the $1.13 level after a sharp reduction in token deposits from large holders, known as whales, to Binance. Data from on-chain analytics provider CryptoQuant pointed to a significant slowdown in major XRP transfers to the leading exchange, coinciding with the token’s latest price recovery.
Sharp drop in whale transaction volumesCryptoQuant reported that daily XRP whale deposits to Binance decreased to 25.3 million tokens, valued at approximately $23 million. This marks a steep decline from previous levels, which reached 583 million XRP, or around $1.36 billion based on prevailing prices. The change suggests whales are less actively preparing their XRP for immediate trading or potential sales on the platform.
The 90-day average for whale inflow value also fell, dropping from nearly $460 million earlier in the year to $69 million more recently. This trend indicates a marked reduction in large transfers and a decline in the supply of XRP available for trading on Binance.
While inflows to exchanges typically rise when significant holders plan to sell or trade substantial amounts, a decrease does not necessarily prove that large-scale selling has ended across the market. Instead, it reflects a period of less activity from major XRP holders engaged with Binance.
Recent CryptoQuant data highlights that daily XRP whale inflows to Binance plummeted from 583 million tokens to just 25.3 million, indicating a major reduction in exchange-bound volume during the token’s price rebound.
Thirty-day inflows reach lowest point in two monthsAccording to research from Arab Chain, Binance’s 30-day cumulative whale inflows fell to approximately 947.4 million XRP, marking the lowest total in the past two months. This comes after a previous peak of 1.445 billion tokens at the end of June, representing a decrease of 34.4% within one month.
Such a reduction suggests that XRP whales not only limit their exchange transfers but may also prefer to hold tokens in private wallets or transact through other platforms. Analysts at Arab Chain noted that sustained drops in whale deposits might point to a more cautious approach to trading or diminished intentions to sell at scale.
However, Arab Chain emphasized that relying on a single metric can be misleading and urged balanced analysis using additional indicators, such as price trends, trading volume, derivatives, and broader exchange flows.
PeriodWhale Inflows to BinancePrevious Peak/ChangeDaily25.3 million XRP583 million XRP (recent peak)30-day947.4 million XRP1.445 billion XRP (late June, -34.4%)90-day avg. (value)$69 million$460 million (earlier in 2024)Mini dictionary: Arab Chain is a digital asset analytics firm that tracks and interprets on-chain activity across major blockchains, offering insight into whale movements, trading patterns, and network health.
Impact on market supply and priceWith fewer large deposits arriving at Binance, XRP’s exchange supply from major holders has diminished. This tightening of immediately available tokens can affect market liquidity and help stabilize the price when overall demand recovers.
During this period, XRP’s market price reclaimed $1.13, moving back into positive territory. Some analysts cite the reduction in whale inflows as a contributor to this momentum, noting that limited exchange supply might slow down further sell pressure.
Despite the decline in large-block deposits, smaller transactions and pre-existing exchange balances can still impact available supply and price dynamics in liquid markets. XRP whales currently represent one important part of the token’s overall liquidity structure, but not the only one.
XRP has maintained a level above $1.13 as exchange supply from major holders continues to shrink, reflecting a significant slowdown in whale deposits to Binance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP sleduje blížící se jednání o zákonu CLARITY Act, který by mohl přesunout jeho dohled pod CFTC a uzavřít spor s SEC. Senát míří k projednání do 23. července.
Washington has been arguing about who gets to regulate crypto for years. By July 23, XRP holders may finally get an answer, at least on paper.
The CLARITY Act, which would formally define which digital assets fall under the SEC’s jurisdiction and which belong to the CFTC, is approaching what traders and lobbyists are treating as a soft deadline. Senate leadership has signaled a late-July target for floor action, and markets are pricing in a real probability of passage.
What the CLARITY Act actually does The CLARITY Act tries to write the rule book. It would establish a framework for classifying digital assets, draw a cleaner line between SEC and CFTC oversight, and give projects a pathway to shift from securities status to commodity status once a network becomes sufficiently decentralized.
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The bill cleared the House and advanced through the Senate Banking Committee as of May 14, 2026. Passage requires 60 votes, which means the bill needs bipartisan support to survive a filibuster. Two sticking points are holding things up: provisions around ethics disclosures for public officials holding digital assets, and language related to illicit finance and anti-money laundering obligations.
Why XRP specifically is watching this so closely The SEC sued Ripple Labs in late 2020, alleging that XRP was an unregistered security. A federal judge ruled in 2023 that XRP sold on public exchanges did not constitute securities transactions. The CLARITY Act, if passed, could effectively close that file by reclassifying XRP as a digital commodity under CFTC oversight.
Commodity-classified assets face a different, and generally less burdensome, regulatory regime than securities. Exchanges can list them without the same disclosure infrastructure. Fund managers can build ETF products around them more easily. XRP-linked ETF applications are already in motion at the SEC.
What investors should watch between now and the deadline The July 23 window isn’t a formal legislative deadline. What it reflects is the Senate’s stated intent to address the crypto market structure bill before the August recess. Missing the window doesn’t kill the bill, but it extends the uncertainty. August recess means September at the earliest for floor action, and fall legislative calendars fill up fast with budget fights and appropriations deadlines.
The 2023 court ruling sent XRP up significantly in a single session. A Senate vote, whether yes or no, will likely produce a similar response.
The CLARITY Act isn’t XRP-specific legislation. A successful passage would establish a framework that applies across hundreds of digital assets. Ethereum, Solana, and a long list of layer-2 and DeFi tokens all sit in the same jurisdictional gray zone that the bill is trying to resolve.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Validator XRPL Vet odmítá další snížení rezerv, protože podle něj chrání síť před spamem a zneužitím. Debata v komunitě se tak láme mezi snazším onboardingem a bezpečností.
Vet argues that reserve requirements serve as an important defense against spam attacks and excessive network resource usage.
An XRPL validator has said that he will not vote for another reduction in its account reserves, sparking a community debate over whether lower costs would help adoption or weaken network protections.
The dispute has split community members between those who see lower reserves as necessary for easier onboarding and those who argue that it could strip out a security buffer that the network still needs.
XRPL Reserve Debate Revisits Network Costs and Spam Protection In a July 20 post on X, Hussein Zangana, the XRP Ledger Foundation’s director of community, told his nearly 57,000 followers that the network’s account reserves have already fallen significantly since the network launched.
In 2012, activating an account required 1,000 XRP in base reserves, with Jed McCaleb later reducing the requirement to 200 XRP. From there, reserves came down gradually through validator votes rather than formal amendments, landing at today’s figures: a 1 XRP base reserve to activate an account, plus a 0.2 XRP owner reserve for each token held, including RLUSD or USDC, or for each of up to 32 NFTs.
He said that he’d backed earlier reductions himself, and at the time, the cuts had made sense given XRP’s rising price and XRPL’s beefier server capacity. However, as things stand, he’s drawing a different line.
“We have to be very careful in arbitrarily lowering reserves,” Vet wrote. “There’s a clear reason for its existence and security comes first. The debate should start there.”
According to him, reserves were designed to protect network resources, including storage and memory, by making it more expensive to create a large number of accounts that could be used for spam or DDoS attacks.
The dUNL validator added that he would only vote to lower reserves if the lower requirements could provide the same level of protection the current one does. He further confirmed that he would definitely not vote for higher transaction fees, which he claimed many community members had been using “as an argument to compensate for lower reserves.”
You may also like: XRP Has Stayed in Crypto’s Top 10 for 13 Straight Years – No Other Altcoin Has Done This Binance XRP Reserves at Lowest Since February as Ripple Price Defends Key Support Ripple, Coinbase, Circle Join Linux x402 Foundation to Help Shape AI Payments Where the Rest of the Community Landed Vet did face some pushback, especially from community member Daniel Keller, who argued that lower reserves could help the project attract more users who are unfamiliar with crypto.
According to him, the focus should be on onboarding people outside the existing crypto audience, where sponsors might want to activate accounts on their behalf while keeping down acquisition costs.
Keller also questioned whether Vet’s concerns about spam were overstated and pointed out that the ledger had handled periods of high activity in the past without lower reserves causing any issues.
Meanwhile, another community member, Chris Thompson, raised a different worry: that lowering reserves could make it easier to create more easily disposable wallets, which could increase the surface area for possible exploitation.
Recent XRPL updates have also seen uneven adoption, with only 43% of nodes moving to its v3.2.0 upgrade. The update introduced changes such as reduced memory usage for nodes of between 30% and 40%, as well as improvements tied to network operations.
Tokenizované americké státní dluhopisy na XRP Ledger vzrostly z 50 milionů USD na 418,5 milionu USD za 12 měsíců. Za poslední čtyři měsíce dosáhl objem převodů 352,3 milionu USD.
The XRP Ledger (XRPL) is experiencing rapid growth in tokenized real-world assets (RWAs), with tokenized U.S. Treasuries driving much of this expansion. Verified data from Trensik, a platform specializing in monitoring real-world assets on XRPL, shows that the value of tokenized U.S. Treasuries rose sharply from $50 million in April 2025 to $418.5 million by April 2026, marking an eightfold increase in twelve months. Such growth highlights increasing institutional interest in regulated, blockchain-based financial options.
Institutional activity surges on XRPLBeyond just the issuance of these assets, on-chain activity involving tokenized U.S. Treasuries on the XRP Ledger has also intensified. In the last four months, transfer volumes reached $352.3 million, a figure that nearly matches the entire market’s on-chain value. For comparison, all of 2025 saw only $70.1 million in transfer volume for these tokenized securities, making the recent surge a fivefold jump in a much shorter time frame.
This uptick in activity indicates that tokenized Treasuries on XRPL are being put to practical use. Financial institutions increasingly employ these assets for collateral, liquidity management, and real-time settlement, moving beyond simple digital versions of traditional securities. This trend reflects their growing role as foundational components of blockchain-based financial infrastructure.
Recent analysis attributes the increase in transfer volumes to expanding usage by institutions rather than just heightened speculative interest, underlining XRPL’s evolving role in the crypto market.
Over the past four months, tokenized U.S. Treasuries generated $352.3 million in transfer volume on XRPL, nearly matching the market’s total on-chain value and pointing to growing real-world adoption among financial institutions.
Mini dictionary: Trensik, a data platform that monitors and verifies real-world asset (RWA) activity, provides on-chain analytics on tokenized asset issuance and transfer metrics across the XRP Ledger.
PeriodTokenized Treasuries IssuedTransfer VolumeApril 2025$50 million—April 2026$418.5 million$352.3 million (last 4 months)2025 (full year)—$70.1 millionMajor institutions boost XRPL presenceInstitutions such as Ondo Finance, OpenEden, Guggenheim, and Archax have launched or signaled plans for tokenized Treasury projects on XRPL. Their involvement suggests growing confidence in the ledger’s ability to support regulated, high-volume financial operations.
London-based Archax, an FCA-authorized digital asset exchange and custodian, stands out among these firms. Archax has committed to tokenizing up to $1 billion in real-world assets on the XRP Ledger by mid-2026. This figure is more than twice the current size of XRPL’s tokenized Treasury market, highlighting considerable institutional expectations for future growth.
Other asset categories on XRPL are also showing signs of growth. Tokenized Gold (traded as XAUa) recently surpassed $1 million in trading volume. At the same time, XRPL’s network has expanded to accommodate more than 8 million accounts, reflecting broader ecosystem adoption.
Large investors and whale wallets have also increased their holdings, accumulating over 70 million XRP in recent months. This trend may suggest expanding optimism about the network’s future among major market participants.
Institutional momentum is building as Archax and others tap the XRP Ledger’s infrastructure to launch sizable tokenization projects, paving the way for further growth in both asset diversity and network activity.
As the global financial sector moves further toward tokenization, the XRP Ledger is positioning itself as a growing hub for regulated real-world assets. With rapid expansion in both the issuance and utilization of tokenized Treasuries, as well as significant commitments from institutional players, XRPL appears to be transitioning from a traditional payments system into a key platform for on-chain financial products.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Grayscale podporuje Ripple a jeho XRPL i stablecoin RLUSD pro institucionální použití. Pilot s Mastercard, JPMorgan a Ondo Finance dokončil první téměř real-time přeshraniční, mezibankovní zpětné odkoupení tokenizovaného amerického státního dluhopisového fondu za méně než pět sekund.
@Grayscale is lending its institutional credibility to @Ripple's pitch for the XRP Ledger and its stablecoin, RLUSD. The asset manager recently sat down with Jack McDonald, Ripple's Senior Vice President of Stablecoins, to lay out the case for $XRP and RLUSD adoption among financial institutions.
The Institutional Case for XRPL The conversation, led by Grayscale Research's Charlie Perkins, covered Ripple's long-standing focus on building infrastructure for banks and payment providers. McDonald framed the company's mission simply: Ripple's long-term strategy has remained focused on building institutional-grade infrastructure that enables banks, payment providers, and enterprises to move value more efficiently across the globe.
Within that framework, RLUSD and $XRP serve distinct but complementary roles. RLUSD provides a regulated, US dollar-backed stablecoin for payments, treasury management, decentralized finance, and tokenized asset settlement, while XRP functions as a bridge asset that delivers instant liquidity and near-instant cross-border settlement. Ripple launched RLUSD in December 2024 under a charter from the New York State Department of Financial Services.
A Landmark Pilot with Mastercard, JPMorgan, and Ondo Finance Central to the Grayscale pitch is a May 2026 pilot that put XRPL's institutional credentials on public display. Ondo Finance announced the successful completion of the first near real-time cross-border, cross-bank redemption of a tokenized US Treasury fund, conducted in collaboration with Kinexys by J.P. Morgan, Mastercard, and Ripple.
The mechanics were straightforward but significant. Ripple redeemed part of its OUSG holding on the XRP Ledger. The redemption triggered an instruction through Mastercard's Multi-Token Network to Kinexys, which debited Ondo's blockchain deposit account at JPMorgan and wired the equivalent dollars to Ripple's bank in Singapore. The redemption cleared on XRPL in under five seconds, completing a settlement flow that typically takes correspondent banks one to three business days.
The actual settlement ran on RLUSD, with a fraction of XRP used as the network fee, because Ondo's OUSG was built to use RLUSD as the settlement asset on XRPL since June 2025. That distinction matters for institutions: RLUSD's regulatory backing and price stability make it the practical choice for large-scale compliance-sensitive transactions.
By framing this as a Grayscale-endorsed narrative, the message is aimed squarely at institutional allocators rather than retail markets. The pilot demonstrated that public blockchain infrastructure and global interbank rails can operate as a single integrated flow, a proof of concept that gives traditional finance a concrete reason to engage with XRPL.
Sources:
Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple: Official Press Release (PR Newswire)
Ripple's Enterprise-First Strategy: Jack McDonald on Mastercard and JPMorgan (CoinPaper)
Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger (CoinDesk)
Osm veřejně obchodovaných firem oznámilo téměř 2 miliardy USD do XRP treasury. Největší plán má Trident Digital Tech Holdings s cílem získat 500 milionů USD.
A wave of institutional investment in XRP is taking shape as eight public companies have pledged almost $2 billion for dedicated XRP treasuries. Notably, leading firms are formalizing substantial commitments to XRP as an asset on their balance sheets, with full public disclosure in line with regulatory requirements. This shift echoes the path that propelled Bitcoin into corporate finance circles.
The companies and their commitmentsTrident Digital Tech Holdings, a Singapore-based technology firm listed on Nasdaq, tops the list by planning to raise $500 million for one of the largest corporate XRP treasuries to date. Webus International, active in cross-border payments, is seeking $300 million in non-equity financing to establish an XRP-backed reserve supporting its global network.
VivoPower International, a sustainable energy company, raised $121 million in private funding, allocating $100 million for XRP and staking those funds on the Flare Network. Other participants include Wellgistics Health, which secured a $50 million equity line drawn specifically for an XRP treasury; and Japan’s Gumi Inc., introducing a $17 million program split between XRP and Bitcoin.
Nature’s Miracle Holding, a supplier of agricultural products, announced a $20 million XRP treasury initiative, becoming the first U.S.-listed non-financial public company to do so. Hyperscale Data committed $10 million to XRP, while Worksport, a manufacturer in the automotive sector, allocated up to $5 million derived from its existing operational cash flow.
Mini dictionary: Flare Network – A decentralized, interoperable blockchain designed to bring smart contract functionality to various tokens and facilitate staking and bridging between blockchains.
CompanyCountrySectorXRP Treasury CommitmentTrident Digital Tech HoldingsSingaporeTechnology$500 millionWebus InternationalUndisclosedPayments$300 millionVivoPower InternationalGlobalEnergy$100 millionWellgistics HealthUndisclosedHealthcare$50 millionGumi Inc.JapanGaming/Tech$17 million (XRP & BTC)Nature’s Miracle HoldingUSAAgriculture$20 millionHyperscale DataUndisclosedData/Technology$10 millionWorksportUSAAutomotiveUp to $5 millionThe blueprint that brought Bitcoin into mainstream company treasuries is now increasingly being applied to XRP, with eight public firms announcing nearly $2 billion in in-house XRP reserves.
Strategic objectives and funding modelsUnlike speculative trading, these allocations are long-term treasury strategies embedded into the companies’ financial planning. Trident Digital and VivoPower have financed their positions with capital raised from investors, while Webus International opted for debt-based facilities. Worksport redirected surplus cash, and Hyperscale mixed direct acquisitions with DeFi-based lending mechanisms.
Soon Huat Lim, CEO of Trident Digital Tech Holdings, stated that digital assets are central to the changing global financial landscape, indicating the firm’s conviction in holding XRP for strategic purposes.
According to Soon Huat Lim, embracing digital assets within the company’s treasury is aligned with their long-term vision for global finance.
XRP follows the corporate bitcoin playbookThe trend mirrors the playbook initiated by Strategy, previously MicroStrategy—a US-based business intelligence company—in 2020, which famously allocated billions into Bitcoin. With approximately $2 billion in planned corporate XRP treasuries, institutional adoption is accelerating along similar lines.
Legal clarity around XRP’s regulatory status has improved, encouraging public companies to make significant, publicly disclosed investments. Each new treasury signals growing institutional acceptance and helps reinforce XRP’s profile as a reserve asset among listed firms.
Notably, Evernorth, a Ripple-supported digital asset treasury company, currently holds nearly 0.5% of XRP’s total token supply but is not included in the current tally of public commitments.
Mini dictionary: Evernorth – An institutional-grade digital asset treasury manager focused on helping large organizations allocate digital assets for long-term holdings, with particular expertise in XRP-based reserves.
The sustained accumulation by multiple public companies underlines structural demand for XRP and could have long-term effects on its price stability as institutions scale up their positions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple Labs has obtained a full Markets in Crypto-Assets (MiCA) license through Luxembourg, granting the company regulatory approval to operate crypto payment services across 30 countries in the European Economic Area. This single license provides Ripple with the ability to deliver regulated digital asset payments throughout participating European markets without needing separate authorizations in each jurisdiction.
MiCA framework enables passporting across EuropeUnder the European Union’s MiCA regulatory framework, licenses secured in one member state can be “passported” to other nations within the union. For Ripple, this Luxembourg-based license streamlines the company’s operations by providing blanket legal clarity, which experts say is vital for institutional adoption of crypto assets.
Dr. Kamilah Stevenson, a financial educator and crypto commentator, emphasized that Ripple’s approval goes beyond just local permission in Luxembourg. She stated that this regulatory clearance allows Ripple to provide crypto payment services across Europe, eliminating uncertainty that has long hindered institutional engagement.
Across Europe, Ripple now has both the regulatory clarity and operational green light required to expand its crypto payment products. This stands in contrast to ongoing regulatory uncertainty in the United States, where companies are still seeking clear legal definitions for digital assets.
Stevenson argued that for banks and large institutional players, compliance barriers often pose a bigger obstacle than technological limitations. She noted that MiCA licensing addresses this hurdle by providing a continent-wide solution.
Mini dictionary: MiCA (Markets in Crypto-Assets) is a regulatory framework adopted by the European Union to standardize rules for crypto assets and related service providers across member states. Passage of MiCA is considered a major step toward institutionalizing the crypto industry in Europe.
RegionRipple’s Regulatory StatusKey MilestoneEuropean Union (EEA)MiCA License GrantedFull passported approvalUnited StatesAwaiting Regulatory ClarityClarity Act delayedContrasts with U.S. regulatory uncertaintyStevenson drew attention to the legislative delays in Washington, where the Clarity Act—intended to bring statutory definition to digital assets—has missed another Senate deadline. She contrasted this with Europe’s progress, pointing out that American firms must still seek permission that Ripple has now secured in the EU.
She also differentiated between two timelines in crypto investing: the fast-moving “sentiment clock,” which tracks price volatility and headlines, and the slower “infrastructure clock,” guided by milestones like licensing, partnerships, and product integration. Stevenson stressed the importance of infrastructure progress, noting that regulatory achievements can shape long-term value even when short-term price action appears stagnant.
“A license does not get un-granted. A partnership does not get unsigned,” Stevenson remarked, highlighting the permanence of structural advances compared to fleeting market reactions.
The gap she identified between infrastructure improvements and fluctuating sentiment creates both opportunity and risk, especially for long-term holders of digital assets like XRP.
Tax efficiency and portfolio planning for crypto holdersBeyond regulatory developments, Stevenson advised investors to pay close attention to tax implications and exit strategies. She warned that taxes and poor account structures often erode gains for long-term holders more than market volatility.
Stevenson cited the advantages of tax-efficient vehicles such as Roth IRAs for sheltering digital asset gains, advising viewers to establish these arrangements ahead of any future cryptocurrency rally.
She cautioned investors to prepare their portfolio strategies in advance and avoid making emotional decisions when prices move sharply. In her view, having clear guardrails in place is essential for managing both market swings and tax exposure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
