XRP is nearing a critical technical decision point, according to a recent analysis by crypto analyst JD (jaydee_757). His weekly chart places XRP trading just above $1.06, following a prolonged decline from its peak of $3.65 reached in 2025. JD’s chart marks out a falling wedge pattern that has defined XRP’s price movement over the last several years.
The falling wedge holds the keyJD identifies XRP’s structure as a bullish falling wedge, where two descending trendlines converge. The upper line has produced multiple rejections, including the notable rejections at $3.65 in 2025 and around $3, both of which led to subsequent declines. In 2026, this prolonged descent brought XRP close to the lower boundary of the pattern, giving the current area critical technical importance within JD’s setup.
According to JD, $1.01 has emerged as a major support level. He notes that he made additional XRP purchases at this price after realizing profits below $3.37. He also highlights $1.0133 as corresponding to the 0.786 Fibonacci retracement level.
JD maps out the significance of the falling wedge and emphasizes: a confirmed breakout above key resistance levels would represent a substantial technical shift for $XRP; this could mark the beginning of another all time high cycle in 2028 if the historical pattern repeats.
Technically, the next significant resistance area lies between $1.85 and $1.95. JD highlights this range as a green resistance zone on his chart, emphasizing its role as the critical barrier for any potential sustained move upward. Breaching this zone would, in his view, fundamentally change XRP’s chart structure.
Breakout and retest on the horizonJD projects a possible breakout above the wedge, followed by a pullback for retest. In his scenario, XRP could reach $1.30 before briefly retracing toward $0.70. From there, he anticipates a recovery back to the $1.90 region, aligning with the major resistance level that has capped previous rallies.
A decisive move above the descending resistance line would lend greater significance to the falling wedge setup and pave the way for future gains. Subsequently, conquering the $1.85 to $1.95 resistance area would offer further confirmation of a longer-term bullish reversal.
In a market where a single Fed decision or a sudden altcoin listing can shift trends in seconds, traders increasingly seek efficient ways to monitor such crucial chart structures and news events. Many are now using privacy-first tools like CryptoAppsy to streamline their experience, enabling real-time portfolio tracking, news, smart price alerts, and macro data without requiring account setup—all consolidated on one platform.
Potential for new highs by 2028Looking further ahead, JD adapts his strategy based on prior success. He mentions still holding a sizeable long-term position targeting a potential top in 2028, echoing his earlier approach that identified the $3.37 peak for XRP and reportedly earned a 12x return.
JD’s analysis suggests that breaking out of the falling wedge and holding above the $1.01 area, followed by conquering resistance near $1.90, would validate this bullish thesis. He indicates that, if this scenario unfolds, XRP could reach a new all time high in 2028.
The immediate focus for XRP is testing the falling wedge resistance, the $1.01 support, and the critical $1.90 resistance; successful breakouts at these levels would significantly strengthen the technical outlook for the next cycle.
As with all digital asset investments, the analysis serves informational purposes and does not constitute financial advice. Market participants are encouraged to conduct comprehensive research and remain aware of the risks involved in cryptocurrency trading.
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, the native token of the payment-focused Ripple network, has shown renewed bullish momentum after breaking above a long-term downtrend, supported by significant buying activity from large holders known as whales.
Technical Breakout and Whale ActivityThe current price of XRP stands at $1.19, reflecting a gain of 17.72% over the past 24 hours. Daily trading volume has reached $4.88 billion, while the token’s market capitalization has climbed to $74.65 billion.
Crypto analyst Bitcoin Meraklisi observed that XRP has moved above a persistent downward trendline, a shift that could be marking the start of a new recovery phase for the cryptocurrency. According to his analysis, maintaining momentum above this area would likely strengthen the overall bullish outlook for XRP.
Key technical resistance levels are now being monitored: the first sits at $1.29, followed by $1.83 and $2.77. A decisive move above these thresholds may support further gains, while renewed selling in the market could dampen positive sentiment.
XRP has broken a long-standing downtrend, offering buyers a chance to regain control and potentially drive a broader rally if upward momentum continues.
This breakout is being closely watched by traders as a possible signal of ongoing trend reversal. However, observers also caution that failure to sustain these gains may invalidate the bullish scenario.
Whale Accumulation Signals Investor ConfidenceAli Charts, a well-known cryptocurrency analysis platform, reported that major XRP investors have accumulated over 300 million tokens within just four days. Such unusually high buying activity among whales is interpreted by analysts as a sign that large holders are positioning for a potential price rebound.
Market participants believe this level of accumulation could generate increased positive sentiment and reduce the token’s available supply in circulation, further incentivizing price appreciation if buying persists.
Whale accumulation in the cryptocurrency market often reflects the confidence of influential investors, who can significantly impact price direction due to their substantial holdings.
Mini dictionary: Whale – A term in cryptocurrency describing an individual or institution holding large quantities of a particular coin or token, whose transactions can influence market prices.
EventData24h Price Gain17.72%Current Price$1.19Whale Accumulation (4 days)300 million XRPNext Resistance Levels$1.29, $1.83, $2.77Despite robust accumulation, analysts caution that investor sentiment and broader market dynamics remain key factors influencing the ongoing rally. The recent upward move in Bitcoin has also contributed to improving momentum across the crypto sector.
With buyers actively supporting the breakout, XRP’s future trajectory hinges on maintaining control above critical resistance, with $1.29 as the immediate area to watch for bullish validation.
Should XRP hold above this level, the market’s focus is likely to shift toward additional resistance areas at $1.83 and $2.77. However, a surge in selling could offset the bullish pattern and pressure the price lower.
While the current technical setup and whale accumulation encourage optimism, the outlook for XRP depends on ongoing market participation and buyers’ ability to sustain momentum above key levels.
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.
XRPL is considering XLS-66, a lending standard for fixed-term loans funded through pooled assets. The proposal would rely on XLS-65 Single Asset Vaults, where depositors receive shares representing their pool ownership. Loan brokers would manage lending pools, set fees, approve loans, and determine first-loss capital requirements. Credit checks and borrower assessment would remain off-chain rather than using automatic collateral liquidations. Brokers could post first-loss capital to reduce depositor losses if borrowers default. The XRP Ledger (XRPL) is reviewing a lending standard that could allow pooled assets to fund fixed-term loans on XRPL. The draft, XLS-66, would use XLS-65 Single Asset Vaults to collect assets from depositors and issue shares that represent their stake in each pool.
A loan broker would create and manage the pool, approve loans, set fees, and define first-loss capital. The structure could support XRP, issuer-backed assets or Multi-Purpose Tokens, while access could remain public or restricted.
XRPL Vaults Would Hold Pooled Lending Assets Under XLS-65, depositors would place one asset into a vault and receive shares based on their contribution. Those shares would show ownership, but they would not guarantee immediate access to cash once the pool funds loans.
Each pool would need withdrawal rules. Terms could explain whether requests enter a queue, whether lending limits apply, and how much liquid capital remains available while loans stay open.
XLS-66 would allow a broker and borrower to create a loan with principal, interest rate, payment schedule, maturity date and grace period. The loan record would track unpaid principal and interest on the ledger.
The system would support late-interest rules, origination fees, and early repayment charges. If a borrower misses payments beyond the grace period, the broker could mark the loan as impaired or defaulted.
Credit Checks Would Remain Off-Chain The proposal focuses on uncollateralized lending and does not add automatic collateral sales or forced liquidations. Brokers would assess borrowers outside XRP Ledger using financial records, legal agreements, guarantees, trading history, or other credit checks.
This approach gives brokers a central role in risk control. Depositors would need information on borrower standards, concentration limits, legal terms and the broker’s lending process before allocating assets to a pool.
XLS-66 would let brokers post first-loss capital to absorb part of a default. The value of that protection would depend on the size of the reserve compared with outstanding loans.
The proposal remains a draft and depends on XLS-65 and XLS-64. Adoption would require approved standards, active brokers, borrowers, and clear pool terms. Evernorth has explored XRP-related DeFi opportunities, but no primary material reviewed identifies an Evernorth-run lending pool.
In brief XRP gained 10.40% on Wednesday alone, its biggest daily jump since February 6, then extended the rally Thursday, up roughly 30% for the week. The move traces back to Bitcoin's break above $72,000, fueled by a record short squeeze and a U.S. Treasury plan to double long-bond buybacks starting September 9. XRP's own ETF inflows fell during the spike even as the token outperformed Bitcoin, and futures open interest has already dropped more than 11% off its rally-day peak. XRP, the cryptocurrency created by the co-founders of Ripple, is trading near $1.29, up a whopping 30% since last weekend's close under $1.
The move represents the coin’s strongest week in months, and one that started from a level it hadn't touched since right before its 2024 election pump. The token bottomed at $0.9862 last week, the same zone it sat in just before November 2024's post-election rally carried it toward an all-time high near $3.65.
Myriad: XRP price next move? Click to make your prediction.Wednesday's session did the heavy lifting. XRP gained 10.40% that day, its sharpest single-day move since February 6, when the token also jumped more than 20%. Thursday brought a second leg higher, pushing the weekly candle toward $1.32, the closest it has been to breaking the average price of the last 200 days since the beginning of the year..
XRP price data. Image: TradingviewThe spark was Bitcoin, as is typically the case with altcoins (everything other than BTC in crypto). Bitcoin punched past $72,000 Thursday, its highest price since a June flash crash, after the U.S. Treasury said it would double long-bond buybacks to at least $4 billion per operation starting September 9. The announcement triggered $3 billion in short liquidations over 24 hours and landed hours before Trump met crypto executives from Coinbase, Ripple, and Robinhood at the White House.
That’s one way to read the bullish move, but it’s worth noting that XRP outran what its usual correlation to Bitcoin would predict. On the daily chart, the Relative Strength Index, or RSI, spiked to 79.2.
RSI measures momentum on a scale from 0 to 100, with low figures indicating the asset is oversold and high numbers signalling overbought. At nearly 80, XRP is deep into overbought territory. The coin’s Average Directional Index, or ADX, score is holding well above 29, indicating an increasing trend strength due to the explosive movement. (ADX measures trend strength, regardless of direction, with anything over 25 signaling a confirmed trend.)
The money backing the rally tells a different story. Daily XRP ETF inflows fell from $5.81 million to $2.35 million the same day the token beat Bitcoin’s gains, while Bitcoin ETFs pulled in $517 million, their biggest single-day haul since May.
XRP ETF data. Image: CoinGlassFutures open interest has already dropped 11.31% from its rally-day reading, and XRP still trades about 17.5% below its 200-day trend.
In a nutshell, that all means this: It’s a big move, yes, which is sure to make XRP holders very happy. But in order to convince the bears, given the long-term trajectory, the asset must continue posting gains—even if at a slower pace—in order to activate signals of a sustained trend reversal.
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XRP, the cryptocurrency developed by San Francisco-based fintech firm Ripple, has climbed above its 50-day simple moving average near $1.07 and is now testing the $1.25 level, according to recent price analysis. This move comes after a period marked by difficulty maintaining the $1.00 mark, followed by a pronounced rebound that has shifted trader and analyst focus toward higher short-term targets.
XRP rallies amid derivatives shakeoutXRP’s recent surge followed its recovery from around $1.00, reaching the $1.15–$1.25 range in a matter of days. This rebound was accelerated by a rapid unwinding of leveraged positions across the cryptocurrency market. Over $1.5 billion in crypto positions were liquidated amid the broader rally, amplifying price movement and restoring short-term momentum for XRP.
Technical analysis highlights XRP’s approach toward a breakout from a broad falling-wedge accumulation pattern. If confirmed, such a breakout would be seen as a signal of a sustained bullish trend reversal, potentially attracting additional interest from both institutional and retail traders.
XRP’s rise above its short-term moving average has brought the $1.25 region into the spotlight, as traders watch for confirmation of a bullish breakout after a period of leveraged liquidations.
The technical setup has become more constructive, but analysts warn that a rally powered by short-covering can be volatile and may fade unless backed by sustained demand.
Short squeeze and whale accumulation provide supportRecent derivatives data show XRP perpetual futures open interest declining while the Net Position Delta improved, a dynamic often associated with short positions being unwound as the market recovers. As open interest falls amid rising prices, this points to an ongoing short squeeze, where sellers are forced to cover positions, further fueling upward momentum.
Complementing this, on-chain analysis from Ali Charts indicated that large holders—known as whales—acquired more than 300 million XRP within a four-day span. Whale wallets now collectively hold about 16.3 billion XRP. Data compiled by blockchain analytics firm Santiment revealed that the number of XRP Ledger wallets with more than 1 million tokens rose to 2,038 on August 12, the highest level seen in several months.
The accumulation of tokens by whales has coincided with XRP’s price recovery, but analysts note that whale activity alone is not always a reliable predictor of sustained market gains.
Mini dictionary: Santiment is a blockchain analytics platform that provides on-chain, social, and development data for cryptocurrencies, enabling investors to track whale activity and wallet distribution trends.
The convergence of short liquidations and large holder accumulation has improved sentiment, although caution remains regarding the sustainability of the rally.
Regulatory updates shape sentimentRegulatory developments have also contributed to XRPs recent gains. On August 19, the US Securities and Exchange Commission (SEC), an independent federal agency tasked with overseeing securities markets, proposed a regulatory framework that would create exemptions for certain crypto token offerings. The new proposal aims to grant qualifying issuers a one-time exemption for token sales of up to $5 million over four years and up to $75 million during a 12-month period, providing a path for fundraising under stricter disclosure requirements.
SEC Chair Paul Atkins emphasized the agency’s goal of offering crypto entrepreneurs clearer pathways to raise capital within the federal securities law framework, without sacrificing key investor protections.
The SEC’s rule, if adopted, could reshape how the industry raises capital. However, the framework remains under a 60-day public comment period and is not yet finalized.
The legislative environment was further influenced by US President Donald Trump’s call for Congress to support the CLARITY Act during a White House meeting attended by cryptocurrency executives, including representatives from Ripple. The CLARITY Act is designed to establish clear definitions for digital assets and clarify the oversight roles of federal regulators, but it has yet to pass the Senate.
Mini dictionary: The CLARITY Act is proposed US legislation aimed at standardizing the legal classification of digital assets and setting the boundaries between the SEC and the Commodity Futures Trading Commission regarding their regulatory authority over cryptocurrencies.
Technical outlook and key price levelsWith XRP now above its 50-day SMA, technical indicators mostly point toward continued positive momentum in the near term. The relative strength index (RSI) was measured at 63.76, supporting the view that sentiment remains constructive but not yet in overbought territory. Most short-term moving averages are showing buy signals, while longer-term averages such as the 100- and 200-period moving averages still indicate resistance, with the 200-period EMA near $1.34 and the 200-period SMA at approximately $1.28.
IndicatorValueSignal50-day SMA$1.07Support200-day SMA$1.28Resistance200-day EMA$1.34ResistanceRSI (14)63.76Upward momentumPivot (support)$1.09Key supportPivot (resistance – R3)$1.41TargetTechnical analysts see the $1.18–$1.25 range as the next critical zone. A sustained move above $1.25 could confirm a larger trend reversal and set the stage for a push toward higher resistance levels. Failing to hold this zone, however, may signal profit-taking or renewed downward pressure, especially since support is found near $1.09, $0.99, and $0.93.
Longer-term analysis by Babenski on TradingView continues to monitor the formation of a falling-wedge pattern extending over 20 months. Confirmation of a breakout and successful retest above the upper boundary are viewed as necessary steps for solidifying the current uptrend.
For the immediate outlook, whether $1.20–$1.25 acts as a new floor or simply a short-term resistance will determine the credibility of further price targets.
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.
TLDR XRP price surged about 16% in 24 hours, recovering to around $1.15 after falling near $0.98 last week. XRP broke above a descending trendline that had capped gains since July 2025. The token closed above its daily 50 EMA for the first time in more than three months. Traders are watching whether XRP can hold the 1.10-1.15 zone and extend the recovery toward $1.50. XRP remains down about 15.35% over the past 90 days, keeping the broader recovery under pressure. Bitcoin trading above $72,500 is providing additional support to XRP and the wider crypto market. XRP price climbed about 16% over the past day, reaching around $1.15 after briefly dropping below $1 last week. The rebound pushed the token above a descending trendline that had limited price gains since July 2025.
The move has drawn attention because XRP spent more than a year trading below that resistance line. Traders are now watching whether the latest breakout can hold and support a wider recovery.
XRP Price Breaks Long-Term Resistance Market watcher Bird said XRP had broken above the bear market trendline that had been in place since July 2025. The weekly chart shows the resistance line starting near the 2025 peak and extending through the token’s decline in 2026.
XRP recently fell to about $0.98 before reversing higher. The recovery carried the price above the trendline, placing the $1.10 to $1.15 area at the center of the next market test.
Technical analyst ChartNerd reported that XRP closed a daily candle at $1.10. That marked the token’s first daily close above the 50-day exponential moving average in more than three months.
The 50 EMA had acted as resistance during XRP’s decline. A sustained move above the indicator could keep short-term momentum with buyers, while a drop below it could weaken the breakout setup.
Analysts Track $1.50 and $1 Levels ChartNerd asked whether XRP price could reach $1.50 before revisiting $1.00. The question reflects the sharp shift in price action after the token recovered from last week’s low.
Michael XBT also maintained a bullish view and pointed to a large multi-year pennant on XRP’s chart. He said the structure could support a stronger move if price continues above the recent breakout zone.
XRP remains about 15.35% lower over the past 90 days, despite the latest rally. That keeps the broader trend under review as traders wait for more proof that selling pressure has eased.
Bitcoin’s price move above $72,500 has also supported the wider crypto market. If Bitcoin stays firm, XRP price could benefit from stronger market demand. A failed hold above the broken trendline, however, could bring the $1 level back into focus.
XRP just had the kind of week that makes traders forget about all those months of sideways price action. The token posted its best weekly gain since the post-2024 US presidential election rally, climbing from around $1.00 to above $1.10 as Bitcoin ripped higher on the back of a historic short squeeze.
The squeeze heard round the crypto world On August 19, Bitcoin surged roughly 5% to 8% in a single session, hitting intraday highs between $69,500 and $71,750. That marked its largest daily gain since March.
More than $1 billion in Bitcoin short positions were liquidated within roughly one hour. Across the broader crypto market, total short liquidations reached $2.7 billion.
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For weeks prior, Bitcoin had been grinding sideways in a range near $63,000 to $65,000. That kind of prolonged consolidation tends to breed complacency among short sellers, who stack positions expecting the range to break lower. When it broke higher instead, the forced buying from liquidations created a feedback loop that accelerated the rally.
XRP rides the wave The token had been languishing near or below $1.00 for much of mid-August. By the end of the week, prices had pushed above $1.10, with some sessions seeing XRP touch as high as $1.31 during peak momentum.
That weekly performance, the best since the euphoria that followed the November 2024 election, stands out partly because of how depressed sentiment had been heading into the move. Negative positioning and low trading volumes had eaten into earlier gains.
XRP occasionally responds to its own catalysts, whether that’s regulatory clarity from the SEC or growth in Ripple’s payment corridors. But this particular rally was almost entirely a function of Bitcoin dragging the broader market higher. Analysts flagged it as a textbook example of altcoin beta: when Bitcoin moves sharply, altcoins tend to move even more sharply.
What the liquidation wave signals The fact that over $1 billion in Bitcoin shorts could be wiped out in a single hour suggests that leverage ratios remain elevated despite the lessons of previous blowups.
The derivatives market remains the key variable to watch. Open interest figures, funding rates, and the ratio of long-to-short positioning will determine whether the next big move is another squeeze higher or a reversal that catches the newly minted bulls off guard.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ripple plans to enter the tokenized private credit market through a new institutional lending system on the XRP Ledger. RippleX is developing the lending feature with Clearpool Finance and Cicada Partners for real-world business borrowers. Loans will use Ripple’s RLUSD stablecoin, while lending transactions will run directly on XRPL. The system will use the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol amendments. XRP will remain necessary for transaction fees and wallet reserves, increasing its utility within the lending network. Ripple is preparing to expand XRP Ledger into institutional private credit through a new lending system built with Clearpool Finance and Cicada Partners. The plan aims to connect XRPL with a tokenized private credit market valued at above $10 billion while giving real-world businesses access to working capital across regulated institutional lending markets.
Unlike much of DeFi lending, where funds often circulate inside crypto markets, the proposed system will focus on fintech and payment companies. Borrowers will receive loans in RLUSD, Ripple’s regulated stablecoin, while XRPL will process lending activity on-chain.
Ripple Backs Native Lending Infrastructure RippleX developers plan to build the lending system directly into XRP Ledger through the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol amendments. The design removes reliance on third-party smart contracts and places core lending functions inside XRPL’s base protocol.
Loan pools, issuance, repayments, and related activity will all run on XRPL. Each transaction will require XRP for network fees and wallet reserves, giving the token a direct role in the lending process as activity grows.
RLUSD Loans Target Real-World Borrowers The lending system will use RLUSD for loans to businesses seeking working capital. The stablecoin operates under New York Department of Financial Services oversight, while Bank of New York provides custody support.
Ripple will also invest in the lending fund under the same terms as other institutions. The company will not guarantee returns, and all investors will share the same rights and risks on a pari passu basis.
Validator Vote Will Decide Mainnet Launch Developers have added compliance tools designed for institutional use. These include digital participant identities and a Clawback feature that can return funds when required under set rules.
Clearpool is now testing end-to-end lending scenarios on XRPL Devnet. A Mainnet launch will depend on independent validators approving and activating the XLS-65 and XLS-66 amendments through the network’s amendment voting process.
XRP posted its strongest weekly performance in months, surging nearly 30% since last weekend and trading close to $1.29. The jump followed a sharp move upward on Wednesday, when the cryptocurrency gained 10.40% in a single day, its largest daily increase since early February.
Bitcoin rally fuels altcoin surgeThe broader momentum originated from Bitcoin breaking above $72,000 on Thursday, marking its highest price since a June flash crash. The move was linked to a U.S. Treasury announcement that long-bond buybacks would double to at least $4 billion per operation starting September 9. Over $3 billion in short positions were liquidated within 24 hours, adding further fuel to the rally across the cryptocurrency market.
The announcement came just hours before Donald Trump reportedly met with executives from Coinbase, Ripple, and Robinhood at the White House, further energizing crypto investors. Despite these developments, XRP outperformed its historical correlation with Bitcoin and staged a more significant weekly rally than expected for an altcoin.
XRP, created by the co-founders of Ripple, has been a central player in the digital payments space since its launch in 2012. Ripple aims to facilitate fast and cost-effective cross-border transactions for banks and financial institutions.
Mini dictionary: Relative Strength Index (RSI) – A technical indicator that measures momentum on a scale from 0 to 100; values above 70 suggest overbought conditions, while values below 30 indicate an oversold asset.
Technical indicators and ETF inflowsOn Wednesday, XRP’s Relative Strength Index (RSI) spiked to 79.2 on the daily chart, placing the token in highly overbought territory. The Average Directional Index (ADX), another key technical indicator, held above 29, reflecting strong momentum behind the move – ADX readings above 25 typically indicate the presence of a robust trend.
Mini dictionary: Average Directional Index (ADX) – A technical analysis tool used to quantify the strength of a trend, where readings above 25 signal a strong directional movement.
Despite the price rally, daily ETF inflows into XRP fell sharply from $5.81 million to $2.35 million on its strongest day. Meanwhile, Bitcoin ETFs attracted $517 million, marking their highest single-day inflow since May. Futures open interest for XRP dropped more than 11% from its rally peak, suggesting reduced leveraged trading activity.
MetricXRPBitcoinDaily ETF inflows (peak day)$2.35 million$517 millionWeekly price gain30%N/AFutures open interest (change)-11.31%N/ATrend outlook and market positionXRP began the week just below $1, coming off a bottom of $0.9862 — a level last seen before its post-election rally in November 2024, when it neared an all-time high close to $3.65. The recent surge brought the token closer to the average price of its last 200 days, with Thursday’s session approaching $1.32.
Despite the rally, XRP is still trading 17.5% below its 200-day moving average. Some caution remains among investors and analysts, who point to the need for continued price gains to confirm a sustained trend reversal.
XRP surged 10.40% on Wednesday, followed by a second strong leg Thursday, bringing the week’s gain near 30% and putting the token back in line with its long-term average for the first time this year.
While the recent uptrend has provided optimism among supporters, technical signals indicate that further progress is necessary for XRP to convince skeptics of a lasting breakout.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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XRP has emerged as the strongest-performing cryptocurrency among the top 100 assets by market capitalization over the past 24 hours, according to CoinGecko data.
At press time, the token was trading around $1.26 after gaining 24% in 24 hours, putting it ahead of every other top-100 asset listed in the snapshot. XRP has also climbed 31% over the past seven days, extending a move that has accelerated sharply in the latest session.
The rally stands out even among a group of large-cap cryptocurrencies posting double-digit gains. Hyperliquid (HYPE) was the second-best performer on the 24-hour timeframe shown, rising 19.4%, while Ethena (ENA) gained 18.8% and Pump.fun (PUMP) advanced 18.6%. Pepe (PEPE) followed with a 17.6% gain, while Filecoin (FIL), Dogecoin (DOGE) and Cronos (CRO) rose 16.7%, 14.2% and 13.7%, respectively.
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The magnitude of XRP's move is particularly notable given the token's market size (it is the fifth-biggest cryptocurrency). With roughly $79.15 billion, its 24-hour trading volume has reached approximately $6.34 billion.
Massive trading activity South Korean traders appear to be the main force behind the rally based on the volume recorded by Upbit, the country's largest cryptocurrency exchange.
XRP's 24-hour trading volume on Upbit had surpassed $399 million.
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XRP has historically attracted particularly strong retail trading interest in the country.
Meanwhile, Hunter Horsley, CEO of Bitwise, said the company's XRP exchange-traded fund had traded more than $55 million in volume during the session, describing the increase as a "massive spike" in trading activity.
More adoption In the meantime, BitPay announced that XRP is now available through the BitPay Wallet, according to a Thursday announcement. It allows users in the United States and other supported countries to buy, swap, and sell XRP directly from the wallet while retaining control of their private keys.
Crypto is surging while stocks fall. Bitcoin jumped 10.3% to $72,090, Ethereum soared 17.8% to $2,291, and XRP climbed 20.4% to $1.25. Total crypto market cap rose 13%, adding $291 billion, even as the S&P 500 dropped 1.83%, erasing $1.4 trillion. This unusual split comes after the Treasury announced it would double long-term bond buybacks, briefly crashing yields before they partly rebounded. Falling yields make riskier assets like crypto more attractive, fueling the rally even as traditional markets struggled with the same news.
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The crypto market is now on an explosive price run, with Bitcoin, Ethereum, and XRP hitting multi-week highs after several months of disappointing performance.
Notably, the trigger happened yesterday, August 19, as trading activity surged across top exchanges like Binance. In particular, combined spot and perpetual trading volume of BTC, ETH, and XRP reached $46.6 billion, according to CryptoQuant data.
The latest spike marked the highest combined trading volume since June 5, when activity reached roughly $59.4 billion. Yet, the August 19 total remained about 21.5% below that peak as Bitcoin broke higher and regained momentum.
Perpetual Markets Drive Trading Surge Perpetual contracts accounted for most of the activity, generating about $42.7 billion, or 91.7% of the combined volume.
Bitcoin perpetual volume led the market at approximately $22 billion, followed by Ethereum at $20 billion. XRP perpetual volume reached roughly $718 million.
Spot markets added another $3.85 billion. This included about $1.96 billion in BTC volume, $1.69 billion in ETH volume, and $198 million in XRP volume.
Essentially, perpetual trading activity was roughly 11 times larger than spot volume, highlighting the dominant role of derivatives in the latest market move.
Chart for Bitcoin, XRP, Ethereum Spot and Perpetual Volume | CryptoQuant Bitcoin Breaks Above $71,500; XRP and Ethereum Follow The surge in trading activity coincided with a sharp Bitcoin rally. BTC broke above $70,000 today for the first time since June. Notably, just yesterday, it traded at $64,400 but has soared by more than 12% to $72,307 at press time.
The increase in volume suggests the breakout was due to stronger market participation, particularly in leveraged perpetual markets.
Meanwhile, the momentum spilled into the altcoin market almost immediately, with many coins posting more impressive gains than BTC.
For instance, Ethereum has surged by 19.25% over the past day, reaching $2,285 and nearly erasing all the losses recorded over the last 90 days.
XRP has also surged by 16%, reaching $1.15 after touching $0.9800 last week. However, its 90-day performance still remains deeply negative, at a 15.35% decline.
Key Factors Helping Crypto Surge Notably, the acceleration in crypto trading activity follows changes in the broader macroeconomic backdrop.
Yesterday, U.S. President Donald Trump welcomed top crypto and financial leaders for a meeting on the future of digital assets. These included executives from Ripple, Coinbase, Chainlink, Kraken, Robinhood, and Nasdaq, making the gathering a “who’s who” of finance, crypto, and technology.
Trump said his administration had “ended the war on crypto” and outlined its digital-asset agenda, including the Strategic Bitcoin Reserve, Digital Asset Stockpile, stablecoin legislation, and efforts to modernize financial rules for blockchain-based markets.
Meanwhile, the U.S. Treasury announced plans to at least double liquidity-support buybacks for longer-dated Treasury securities, increasing the previous maximum of $2 billion per operation to at least $4 billion, beginning September 9.
Longer-term Treasury yields subsequently declined, while the U.S. dollar weakened. U.S.-Canada trade tensions also showed signs of easing after Washington delayed planned 50% tariffs on Canadian imports for three days as negotiations continued.
With Bitcoin now trading above $72,200, stronger trading activity, a major BTC breakout, and shifting macroeconomic conditions could keep volatility high across the BTC, ETH, and XRP markets.
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.
Fidelity Digital Assets has released a report expressing concerns that artificial intelligence agents could generate high levels of digital activity while creating less value for public blockchains than some expect.
AI and Public Blockchain Demand in QuestionMax Wadington, Senior Research Analyst at Fidelity Digital Assets, outlined six main risks to the emerging trend connecting AI and cryptocurrencies. He argued that large technology and fintech firms might capture significant digital activity by keeping AI agents inside their own closed platforms, limiting the demand for public blockchains.
Wadington suggested that centralized platforms provide advantages in areas such as speed, cost efficiency, streamlined user experience, and regulatory certainty.
He stated that if AI-driven software agents operate within private and centralized environments, rather than using decentralized networks, this would likely undercut expectations of strong demand for blockchain-based payments, identity protocols, and settlement solutions.
He contended that “centralized platforms could have an advantage in performance, costs, user experience and regulatory clarity” over public blockchains if AI use remains within closed systems.
Some blockchain projects, such as the XRP Ledger, are already preparing for a future in which AI agents require access to decentralized payments. The XRP Ledger has integrated the x402 payment standard, which allows AI agents to pay for services using XRP and RLUSD.
Mini dictionary: x402 payment standard, a protocol developed to facilitate payments between machines, especially autonomous software agents, enabling settlement using digital assets like XRP and RLUSD across various platforms.
Competing Views: Grayscale vs. FidelityFidelity’s cautious view stands in contrast to Grayscale, a major digital asset investment firm. Grayscale’s Head of Research, Zach Pandl, has pointed to networks including Ethereum, Solana, Worldcoin, and Bittensor as likely beneficiaries of increasing AI adoption in blockchain-driven finance, verifiable records, and decentralized machine learning systems.
Proponents of the AI-crypto thesis believe that autonomous software agents will require programmable money and resilient, always-available digital infrastructure, something that traditional finance may not provide.
FirmOutlook on AI & BlockchainHighlighted NetworksFidelity Digital AssetsCautious, warns on value capture risksXRP Ledger, othersGrayscaleBullish, sees strong benefitEthereum, Solana, Worldcoin, BittensorValue Creation, Technical Risks, and Security ConcernsFidelity did not dismiss the possibility of AI agents using public blockchains, but emphasized that increased on-chain activity may not directly translate to higher token values. The report noted that although stablecoin payment volumes could rise, the majority of revenue and value might be captured by stablecoin issuers and service providers rather than by the underlying blockchains.
The report also drew attention to the impact of AI on software development. By making code easier and cheaper to produce, AI could reduce technical distinctions between blockchain networks, placing more importance on factors such as liquidity, user distribution, security, and community trust.
Security risks remain significant, according to Fidelity. As AI lowers barriers to both writing new software and discovering vulnerabilities, the likelihood of attacks or exploits could increase. This creates a new set of risks for public blockchain networks.
The central issue identified is not whether AI agents will utilize blockchains, but how much economic benefit these public networks and their tokens will ultimately receive.
Fidelity concluded that while AI adoption could boost digital activity, the extent to which public blockchains capture meaningful value from that activity remains an open question.
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.
A growing shift in the cryptocurrency landscape is placing increased emphasis on projects with real-world financial utility, particularly as governments and major financial institutions advance their exploration of blockchain technology for payments, digital currencies, and asset tokenization.
Focus shifts to institutional utilityResearcher SMQKE describes a new class of so-called “government-aligned infrastructure digital assets” gaining attention for their collaborative approach with official institutions. Unlike earlier crypto projects that aimed to disrupt or replace traditional financial systems, these networks prioritize improving existing infrastructure for the secure and efficient movement of money and assets.
Among the leading names in this evolving sector are XRP, the digital asset operated by Ripple Labs; Stellar (XLM), developed by the Stellar Development Foundation; and Algorand (ALGO), a blockchain platform known for its emphasis on scalability and security.
Key government partnershipsXRP has drawn attention for its speedy, low-fee transaction processing and its expanding ecosystem supporting liquidity solutions. Notably, Palau incorporated XRP technology in its stablecoin and central bank digital currency (CBDC) pilot, underlining blockchain’s accelerating role in sovereign digital currency initiatives. This involvement does not make XRP Palau’s official CBDC, but it demonstrates how blockchain networks are being piloted in real-world national contexts.
Stellar (XLM) has been associated with Ukraine’s national digital currency explorations. By specializing in rapid, cost-effective digital value transfers, Stellar has been considered in discussions around stablecoins, cross-border transactions, and tokenized assets.
Algorand (ALGO) has played a similar role in the Marshall Islands, where its technology supports a government-backed digital currency experiment. The platform stands out for its capacity to facilitate scalable and affordable transaction infrastructure, critical for national-level digital payments systems.
Mini dictionary: CBDC (Central Bank Digital Currency), a form of digital money issued and governed by a nation’s central bank, aims to provide a stable and regulated alternative to cryptocurrencies while enabling efficient payments and settlements within a country’s financial system.
Other infrastructures in playBeyond these core networks, several other platforms are building momentum in government-related blockchain pilots and projects. Hedera (HBAR) is involved in Australia’s Project Acacia, a wholesale CBDC and tokenized asset initiative. Quant (QNT) has taken part in European and United Kingdom digital currency and tokenized deposit discussions.
IOTA, a distributed ledger project, has partnered with entities in Kenya to digitize trade and customs processes. XDC Network (XDC) is prioritizing efficient trade finance and digital trade documentation, while Cardano (ADA) has been referenced in technology modernization efforts within Brazil’s public sector.
ProjectGovernment InitiativeCountry/RegionXRPStablecoin/CBDC pilotPalauStellar (XLM)National digital currency projectUkraineAlgorand (ALGO)National digital currency pilotMarshall IslandsHedera (HBAR)Project Acacia (CBDC/tokenized assets)AustraliaQuant (QNT)Tokenized deposits/currency discussionsEurope, UKIOTATrade and customs digitizationKenyaXDCDigital trade infrastructureGlobalCardano (ADA)Government IT modernizationBrazilInfrastructure vs. speculationPayment efficiency, liquidity management, settlement speed, interoperability, and tokenization are now recurring themes among these infrastructure networks. As these priorities rise, infrastructure-based digital assets may distinguish themselves from projects driven chiefly by speculation and short-lived attention cycles.
Government partnerships are not a guarantee of widespread adoption or significant price gains; success depends on factors like regulation, token economics, network activity, and tangible use cases in actual financial systems.
Observers note that if blockchain becomes central to global finance and public-sector digitization, platforms such as XRP, XLM, ALGO, HBAR, QNT, IOTA, XDC, and ADA may increasingly be evaluated based on their contributions to financial infrastructure rather than prevailing market sentiment.
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.
The total cryptocurrency market capitalisation surged more than 11% in a single 24-hour window on August 20, 2026, marking what many observers are calling the most significant broad-based rally of the year. Major assets including $HYPE, $PEPE, $ETH, $BTC, $XRP, $WLD, $XLM, $SOL, $CRO, $ASTER and $CC all moved into the green, with double-digit gains across the board for the first time in 2026.
What Sparked the Move The catalyst appears to be political as much as technical.
, while
Supercycle or Short Squeeze? The word "supercycle" is doing the rounds again, but context matters.
Longer-term, the structural backdrop is shifting. For now, though, the market is enjoying one of its broadest green days of the year.
Sources:
Bitcoin's Sharp Rally Sparks Massive Short Squeeze, Boosting Crypto and Stocks (Briefs.co)
Total Crypto Market Cap Adds $113B as Bitcoin and Ethereum Rally (Crypto Briefing)
Tokenization Supercycle Set to Drive Crypto's Next Leg Higher in 2026: Bernstein (CoinDesk)
Ripple CEO Brad Garlinghouse joined President Donald Trump, SEC Chair Paul Atkins, CFTC Chair Michael Selig, Coinbase CEO Brian Armstrong and other crypto industry leaders at the White House, where the focus was on clearer crypto rules, U.S. innovation and the next steps for the CLARITY Act. The meeting came as XRP was recovering from the $1 area, with the fresh regulatory movement helping improve sentiment around the token.
Brad Garlinghouse: “Crypto Isn’t a Fringe Industry”Garlinghouse mentioned the growing size of the U.S. crypto market, saying 67 million Americans now hold crypto, or nearly one in four people. He said crypto has moved well beyond being a niche industry and that Washington can no longer ignore its growing user base.
He also praised Trump’s focus on digital-asset innovation, saying the administration’s commitment could create a brighter future for the industry.
For XRP, the broader thing is that Ripple has been pushing for clearer U.S. rules for years. Greater regulatory certainty could make it easier for crypto companies and financial institutions to build and operate in the country.
Trump Puts the CLARITY Act in FocusTrump called on Congress to pass a fair version of the legislation, arguing that it could open the door to the next wave of innovation.
Coinbase CEO Brian Armstrong called the September 15 CLARITY Act vote the most important next step. He said the administration, SEC and CFTC are aligned and that the crypto industry is ready to move the legislation forward.
The bill is still not law, so its progress through the Senate remains an important factor for the market.
SEC Chair Paul Atkins said the regulator is working toward making the U.S. a stronger home for crypto innovation. He pointed to the SEC’s proposed crypto-assets rules, which he said could provide companies with more certainty when raising capital through digital assets.
Atkins also backed the goal of sending the CLARITY Act to Trump for approval, connecting crypto regulation with the broader effort to boost U.S. financial markets and bring more investors into the system.
XRP Price JumpsXRP climbed nearly 10% to around $1.09, breaking above the $1.08 level after spending several days near $1. The next level to watch is around $1.14, with a sustained move above it potentially opening the way toward $1.20. If the rally loses momentum, $1.08 could become an important support level.
🚨 $XRP EXPLODES 12% After Ripple CEO’s Trump Meeting — SMASHES Through $1.08 Resistance as RSI Hits EXTREME Overbought Levels 🤯🔥
After weeks of fighting around $1.00, $XRP suddenly ripped nearly 12%, blasting straight through the major $1.081 resistance and reaching roughly… https://t.co/MqynN5V4vY pic.twitter.com/sKZyQWdkxG
— Diana (@InvestWithD) August 19, 2026 The price move was also supported by renewed XRP ETF demand. Spot XRP ETFs recorded $5.81 million in inflows on August 18, their strongest single-day inflow since July 31, after seeing no activity on Monday. The five ETFs now collectively hold about 1.5% of XRP’s current supply.
Story Ends Here
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Binance has seen the sharpest percentage drop in XRP reserves, while Upbit and Bithumb continue to hold the bulk of tracked supply.
XRP’s struggle near $1 continues even as its peers display modest gains this week. The crypto asset went down almost 10% over the past month before it rebounded significantly on Wednesday evening.
Despite the weakness, much more XRP is being withdrawn than deposited across major platforms.
Reserves Slide According to the latest analysis shared by CryptoQuant, XRP reserves across Upbit, Binance, and Bithumb have fallen by roughly 240 million from their late-May and early-June levels, as of August 19. South Korean giant Upbit held 6.40 billion XRP, down from 6.51 billion on May 30, which is a decline of about 110 million, or 1.7%.
The figures for Bithumb fell to 1.82 billion from 1.85 billion on June 2, a decrease of roughly 30 million, or 1.6%. Meanwhile, Binance recorded the largest percentage decline, with its reserves for the token dropping to 2.62 billion from 2.72 billion over the same period, which translates to a reduction of approximately 100 million XRP, or 3.7%.
Combined reserves across the three exchanges decreased from about 11.08 billion to 10.84 billion, representing a decline of roughly 2.2%. Despite the overall reduction, Upbit remains the largest holder of the crypto asset among the three exchanges. In fact, Upbit and Bithumb together hold about 8.22 billion XRP and account for nearly 76% of the reserves tracked across the three platforms.
The falling exchange reserves come as wallet activity across major exchanges turns more focused on withdrawals. As recently reported by CryptoPotato, Coinbase recorded a seven-day net wallet count of -14,300 as of August 18. The exchange accounted for 47.3% of the total absolute imbalance, its highest share since July 2024.
Binance posted a net wallet count of -3,270, while Crypto.com recorded -2,680. Both exchanges moved into negative territory on July 18, almost a week after Coinbase. Binance’s share of the overall imbalance also rose from nearly zero on July 16 to around 10%. Upbit, however, saw its share fall to about 12% from 40% in June.
You may also like: Important Ripple News and XRP Price Update: August 19 XRP Wallet Activity Turns Withdrawal-Heavy Across Exchanges: What It Means for Price? Ripple’s (XRP) $1 Breakdown Could Get Worse Before It Gets Better Whale Activity The asset’s weak price performance has not stopped large transactions from picking up on the XRP Ledger. Data shared by crypto analyst Ali Martinez revealed that transactions worth more than $1 million jumped 280% in a single day and reached nearly 40, compared with around 10 during each of the previous two days.
The spike came shortly after wallets holding between 10 million and 100 million XRP accumulated about 72 million tokens in one day.
Network activity has also picked up, as the ledger recorded nearly 50,000 active addresses over a 24-hour period last week. Despite the rise in activity, social sentiment around XRP fell to a three-month low.
XRP and Stellar (XLM) extend their rallies on Thursday as improving liquidity conditions fuel a broader surge across the cryptocurrency market. XRP trades above $1.08, while XLM approaches the key $0.177 resistance level following surges of more than 10% and 9%, respectively, the previous day.
The US Treasury’s decision to double its debt buyback operations on Wednesday has improved liquidity conditions and helped trigger a short squeeze, supporting the sharp upside across both altcoins.
Short squeeze triggers liquidationThe US Department of the Treasury announced on Wednesday that it will double the size of some of its buyback operations aimed at supporting liquidity in the longer-dated Treasury securities market.
Reuters reported that the Treasury will increase liquidity support buybacks for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation.
This news supported the broader crypto market, as the increased Treasury buyback operation signaled improved liquidity conditions, eased liquidity concerns and boosted risk appetite. The move also contributed to a short squeeze across the crypto market, triggering liquidations and amplifying gains in XRP and XLM.
CoinGlass liquidation data shows that 172,642 traders were liquidated in the last 24 hours, totaling over $2.99 billion across the crypto market.
For XRP and XLM, over 84% and 86% of positions were long, respectively, indicating overly bullish positioning, with total liquidations of $19.43 million and $758,460.
XRP exchange liquidation chart. Source: Coinglass
XLM exchange liquidation chart. Source: CoinglassXRP technical outlook: Closes above 50-day EMAXRP price trades at $1.108 on Thursday, holding above the 50-day Exponential Moving Average (EMA) at $1.076 but still capped by the 100-day EMA at $1.153 and the longer-term 200-day EMA at $1.338 overhead.
This configuration hints at a recovery attempt within a broader capped structure, as price has reclaimed the broken downtrend resistance line around $0.995 as support.
Meanwhile, momentum improves: the Relative Strength Index (RSI) at 63 approaches overbought territory, and the Moving Average Convergence Divergence (MACD) stands above zero, suggesting strengthening bullish pressure that has yet to overcome the major moving-average barriers.
On the downside, initial support is seen at the 50-day EMA near $1.076, ahead of the horizontal floor at $1.000 and the former trendline break level at $0.995, which together define a key demand zone guarding the recent rebound.
On the topside, immediate resistance emerges at the 100-day EMA at $1.153, followed by the horizontal cap at $1.300; a sustained move above these hurdles would open the way toward the 200-day EMA at $1.338, while only a more extended advance could bring the distant structural barrier at $1.900 back into focus.
XRP/USDT daily chartXLM technical outlook: Surges to key resistanceXLM price trades at $0.171 on Thursday, holding a capped tone as it remains below the short-, medium- and long-term EMAs, with the 50-day EMA at $0.173, the 100-day EMA at $0.177 and the 200-day EMA at $0.188 acting as layered overhead resistance.
Despite this bearish structural backdrop, momentum has improved, with the RSI hovering around 55 and MACD turning positive, hinting that selling pressure is easing but not yet strong enough to reclaim the nearby resistance cluster.
On the topside, initial resistance is clustered around $0.173, where the 50-day EMA converges with the 78.6% Fibonacci retracement, followed by the horizontal barrier at $0.177 and the 100-day EMA at $0.178, which together cap any immediate recovery attempts.
On the downside, the current area around $0.171 acts as a near-term pivot. At the same time, more meaningful support emerges at the horizontal level of $0.142, ahead of the broader structural floor near the cycle low at $0.139, where buyers would be expected to defend the medium-term range.
XLM/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Stablecoin activity on the XRP Ledger (XRPL) is picking up momentum, with fresh data from RWA(.)xyz pointing to a notable rise in both transfer volumes and the number of holders, even as the network's native token continues to face price headwinds.
Transfer Volume and Holder Growth Over the past 30 days, stablecoin transfer volume on the XRPL has climbed 14% to $4.49 billion, according to RWA(.)xyz data. The figures suggest that users continue to make greater use of the XRPL ecosystem, with the number of stablecoin holders on the network jumping 36.7% over the same period to 82,130. That pace of holder growth is particularly striking and points to genuine adoption rather than simple speculation on token prices.
The broader trajectory is even more telling: the XRPL began the year with a stablecoin market cap of just $291.4 million, and the current figure represents a 227% increase in 2026 alone. At the same time, the total stablecoin market cap on the ledger has dipped 4.8% over the latest 30-day window to around $937 million, reflecting some short-term consolidation after a sharp run-up.
RLUSD Tightens Its Grip Ripple's RLUSD remains the dominant stablecoin on the XRP Ledger, holding a roughly 94% share of the network's total stablecoin market. The stablecoin's concentration on XRPL has been a deliberate strategic shift: Ripple has gradually moved RLUSD supply away from Ethereum and toward the XRP Ledger, achieving this through large token burns on Ethereum alongside substantial minting activity on the XRPL.
RLUSD has also driven most of the growth in stablecoin transfer activity, with stablecoin transfer volume on the XRPL rising 207.5% to $10 billion in Q2 2026, with RLUSD accounting for about $9 billion, or 90% of that total.
The divergence between on-chain activity and token price is a recurring theme for $XRP in 2026. Activity on the XRP Ledger has surged, yet much of the ledger's growth is driven by RLUSD and tokenized assets that use XRP briefly as a bridge currency, boosting transactions without necessarily creating lasting demand for the token itself. For now, the stablecoin data underlines that the XRPL's infrastructure is seeing real, sustained use, even if the price of $XRP has yet to reflect it.
Sources:
The Crypto Basic: XRP Records $4B+ in Stablecoin Transfer Volume as Holders Spike 36% to 82,000+
The Crypto Basic: XRP ETPs Pull In $253.6M as XRPL Stablecoins Surge 195% in Q2
CoinDesk: XRP Ledger Activity Is Hitting Records, But Why Are XRP Prices Down?
Here's what happened behind the scenes before, during, and after XRP's major double-digit rally to $1.14.
Most of July and August were highly dull trading periods for the entire cryptocurrency market, with little to no movement, a lack of actual interest, and missing volume.
It all changed yesterday afternoon when the market was revived with major price rallies across all assets. Ripple’s XRP also exploded alongside its peers, but there could be more to its story.
The Story The cross-border token finally broke decisively away from the $1.00 danger zone, surging by double digits to a monthly peak at $1.14 before it retraced slightly to the current $1.10. There are several reasons, besides the big one behind the market’s resurgence, that can be attributed to XRP’s uptick.
As reported earlier this week, whale activity picked up on several fronts. The number of transactions worth more than $1 million soared by 280% within a single day, reaching almost 40 compared with roughly 10 during each of the preceding two days.
Although this wasn’t necessarily an accumulation signal since large transactions can be buying, selling, or simply transfers, it followed another notable whale development in which market participants holding between 10 million and 100 million XRP purchased roughly 72 million tokens in 24 hours.
The token supply sitting on exchanges was also moving in the right direction for months, as over 240 million XRP left Binance, Upbit, and Coinbase between June and mid-August. These platforms’ combined reserves went down from roughly 5.36 billion to 5.12 billion tokens.
Last but not least, the overall network activity has risen lately, with the XRP Ledger recording almost 50,000 active addresses within 24 hours, the highest figure in over two months.
You may also like: 240 Million XRP Pulled From Major Exchanges Since Early Summer: Why It Matters Important Ripple News and XRP Price Update: August 19 XRP Wallet Activity Turns Withdrawal-Heavy Across Exchanges: What It Means for Price? XRP Bears Caught Off Guard XRP open interest had skyrocketed to $2.7 billion earlier this week, the highest since the October 2025 massacre. 75% of these positions were positioned long. However, that didn’t mean three-quarters of the actual capital was betting on higher prices.
Notional exposure remained balanced because every derivatives contract has both a long and short side. Perhaps more importantly, the actual trading flow leaned bearish. Around $375 million in 24-hour short volume was recorded compared with $304 million on the long side.
Popular analyst Bird also weighed in on the OI, indicating that when it surged between 2022 and 2024, XRP ultimately got wrecked. However, it all changed in November 2024.
“That time was different. OI exploded… but instead of price rejecting and leverage being wiped out, XRP broke out with it. A completely new trend began.”
Bird added that XRP spent the past few months getting “absolutely destroyed,” as prices capitulated, leverage was flushed, and sentiment deteriorated. OI built up quietly again, and XRP responded with a massive green candle.
The analyst admitted that “one green candle doesn’t confirm anything,” but believes the comparison to previous cycles looks less like the failed leverage spikes of 2022-2024 and “increasingly” more like November 2024 as long as XRP “keeps moving higher while OI remains healthy.”
President Donald Trump repeated his commitment to secure U.S. leadership in cryptocurrency and emerging technologies, sparking widespread reactions from industry executives and top administration officials.
Reactions Pour in From Crypto ExecsCoinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong, who was present at the White House summit hosted by Trump, said the administration and industry are ready to get the CLARITY Act across the finish line
He added that CFTC Chairman Michael Selig and SEC Chairman Paul Atkins are aligned on this goal, expressing optimism that the Senate would eventually pass the legislation.
Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vlad Tenev, who also attended the event, stated that the company’s core purpose is enabling broad ownership, calling it essential to a free, stable, and prosperous society.
He said Robinhood is committed to ensuring that “America leads the way.”
Ripple (CRYPTO: XRP) CEO Brad Garlinghouse hailed Trump’s “incredible commitment” to innovation and leadership around digital assets in the U.S.
“Crypto isn’t a fringe industry. And Washington DC knows the crypto voter is alive and well,” Garlinghouse added.
Binance (CRYPTO: BNB) Founder Changpeng Zhao also joined the celebrations, stating, “We are so back” in response to Trump’s industry-supportive remarks at the event.
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Pro-cryptocurrency Sen. Cynthia Lummis (R-Wyo.) quoted Trump criticizing the Biden administration’s cryptocurrency regulations as a “brutal” attack that pushed innovation overseas to China’s advantage.
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“We must never go back to the Chokepoint 2.0 era,” the senior Republican said.
Trump Reiterates Pro-Crypto StanceTrump said that America remains the “undisputed leader” not only in Bitcoin (CRYPTO: BTC) and cryptocurrency, but also in technologies like prediction markets
He added that the U.S. is currently the "hottest country" in the world and urged Congress to take the next step by passing the CLARITY Act.
When asked about the administration’s plans to accumulate Bitcoin or other cryptocurrencies, Trump said the option is being “talked about” and if the executives come up with recommendations, he’d "certainly listen."
Reserves Slide Across Major Platforms$XRP is steadily moving off centralized exchanges, with on-chain data pointing to a meaningful tightening of readily tradable supply. According to CryptoQuant analyst Amr Taha, reserves across Upbit, Binance, and Bithumb have fallen by roughly 240 million XRP since early summer. Combined holdings across the three platforms now stand at approximately 10.84 billion XRP, a decline of around 2.2%.
Binance recorded the steepest drop among the three. The exchange's XRP balance fell from about 2.78 billion tokens in mid-May to 2.61 billion by early July, a decline of roughly 170 million XRP, or more than 6% of its holdings. That pushed Binance's reserve to its lowest level since March 2026. The latest figures cited in the original report place Binance's reserve at 2.62 billion XRP, reflecting a 3.7% decline.
Upbit, the dominant South Korean venue, remains the single largest holder of exchange-held XRP. Despite a smaller percentage decline, the exchange still holds around 6.4 billion XRP, roughly 2.47 times as much as Binance, confirming its outsized share of global exchange reserves. Upbit and Bithumb together account for nearly 76% of tracked XRP exchange reserves, underscoring the outsized role South Korean platforms play in the token's on-chain liquidity picture.
What the Outflows Actually MeanFalling exchange reserves are often read as a bullish signal, as tokens leaving trading platforms can indicate holders moving supply into private wallets or long-term custody rather than positioning to sell. A sustained decline typically indicates investors are moving tokens into private wallets or long-term custody, a trend often associated with lower near-term selling pressure.
However, Taha himself urges caution. He cautioned against treating lower reserves as clear evidence of accumulation or a guaranteed bullish signal, noting that tokens may simply be moving between exchanges or reducing the amount of XRP immediately available for spot trading, rather than reflecting deliberate long-term holding. According to CryptoQuant, lower exchange reserves imply less immediate sell-side supply, and if sustained, reduced liquidity raises the odds of short to medium-term price increases. Even so, broader market conditions, demand, and sentiment remain the primary drivers of price direction.
Sources:
The Crypto Basic: XRP Whale Withdrawals and Reserve Decline on Binance and Upbit
FXStreet: XRP Clings to $1.00 Floor Amid Declining Exchange Balance
CoinPaper: XRP Exchange Reserves Hit Multi-Month Lows
Volkswagen’s commercial vehicle arm, TRATON Group, has migrated its global treasury operations to Ripple Treasury’s platform, in a move that replaces decades-old manual processes with advanced digital infrastructure.
TRATON Group, part of the Volkswagen Group and the manufacturer behind international brands such as Scania, MAN, and Volkswagen Truck & Bus, has chosen Ripple Treasury to standardize forecasting across its worldwide operations.
Ripple Treasury confirmed TRATON as a new enterprise customer, sharing the news through its LinkedIn page. TRATON is recognized as one of the largest commercial vehicle manufacturers globally, servicing dozens of markets through its extensive portfolio of brands.
Commentators, such as crypto analyst BankXRP, drew attention to the scope of the deal, noting it as an example of Ripple embedding itself deeper within the financial infrastructure of multinational enterprises.
Ripple is replacing roughly 20 separate Excel forecasting templates within TRATON Group’s operations, moving the company toward a unified treasury solution.
Ripple Treasury is the newly branded treasury management solution born of Ripple’s $1 billion acquisition of GTreasury in 2025.
Mini dictionary: TRATON Group is a leading global manufacturer of commercial vehicles and a core subsidiary of Volkswagen Group, operating major brands like Scania, MAN, and Volkswagen Truck & Bus.
From fragmented spreadsheets to centralized dataTRATON’s treasury operations formerly depended on about 20 distinct Excel templates for planning and forecasting, each maintained separately by individual teams across its brands. This manual, fragmented approach often led to inconsistent data quality, heavy reconciliation workloads, and a reliance on localized expertise.
By transitioning to Ripple Treasury, TRATON’s teams now access a single, standardized forecasting environment. Automated data collection replaces manual entries while a centralized audit trail ensures accuracy and accountability. This upgrade is particularly significant for an organization with over €40 billion in revenue and multi-market operations spanning various currencies and subsidiaries.
Previous SystemRipple Treasury20 separate Excel templatesUnified digital platformManual data collectionAutomated data automationFragmented reportingCentralized audit trailInconsistent data qualityConsistent, reliable dataCommunity buzz and timingXRP community members noted that the TRATON partnership announcement fell on August 18, 2026, exactly five years after a social media post showed a Volkswagen stock chart. While some observers speculated about the timing, there is no verified connection, but the alignment has fueled discussion and buzz within the community.
Ripple’s expanding enterprise reachThis new agreement makes TRATON one of the first major industrial customers to deploy Ripple Treasury since Ripple acquired and rebranded GTreasury. The agreement highlights Ripple’s ongoing push into the enterprise sector, providing digital infrastructure for globally recognized manufacturers.
TRATON’s adoption of Ripple Treasury is a concrete example of a Fortune-level manufacturer replacing legacy systems with a blockchain-driven platform, signaling broader enterprise acceptance.
The arrangement is expected to streamline global treasury functions for TRATON, enhancing accuracy and efficiency while opening the door for Ripple to expand its presence in the automotive industry and among top-tier enterprises.
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 CEO Brad Garlinghouse said crypto has moved firmly into the mainstream.
He has pointed to new data showing that more than 67 million Americans now own digital assets.
"Crypto isn't a fringe industry," Garlinghouse said in a post on X after attending a White House crypto summit alongside President Donald Trump, SEC Chair Paul Atkins, CFTC Chair Michael Selig and other industry leaders. He added that the figures show "the crypto voter is alive and well."
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Garlinghouse was referring to the National Cryptocurrency Association’s 2026 State of Crypto Holders Report, which found that crypto ownership in the U.S. has risen to more than 67 million people. That's roughly one in four U.S. adults.
The report, produced by the NCA in partnership with The Harris Poll, surveyed 10,000 cryptocurrency holders and found that crypto is increasingly being used beyond investment. Americans reported using digital assets for payments, sending money to family and friends, financial management, charitable giving and business activities.
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Interest in crypto is also continuing to grow among existing holders. Nearly two-thirds, or 63%, of respondents said they were more interested in using crypto in 2026 than they were in 2025.
The NCA also found that the profile of the typical crypto holder is broadening. Female ownership has increased 10% from the previous year, while 42% of people who entered the crypto economy in 2025-2026 are women, compared with 34% among earlier adopters.
Crypto ownership also extends well beyond high-income households. According to the report, 90% of holders earn less than $500,000 annually, while 23% make $75,000 or less.
The end of "political lawfare"At the White House summit, CFTC Chair Selig said the era of "political lawfare, debanking, and regulation by enforcement" was over and argued that the next generation of finance is being built in the U.S.
SEC Chair Atkins similarly stressed the need for greater regulatory certainty for crypto entrepreneurs and companies seeking to raise capital through digital assets.
Key Highlights XRP rallied 10% in a 24-hour period, climbing from under $1 to reach $1.10, with an intraday peak of $1.10 from a session low of $0.9956. Derivatives activity intensified with XRP futures volume reaching $2.92 billion, roughly six times the monitored spot trading volume, accompanied by $9.13 million in liquidations. Large-holder transactions spiked 280% on August 18, recording more than 38 transfers exceeding $1 million each. Exchange-traded funds in the United States now control nearly 1 billion XRP tokens (994.72 million), with Bitwise accounting for $18.55 million in trading activity. The U.S. Treasury’s buyback program expansion drove Treasury yields down and catalyzed a broader cryptocurrency market rally exceeding 5%. Ripple’s XRP token posted a substantial 10% gain on Wednesday, advancing from a 24-hour bottom of $0.9956 to touch an intraday peak of $1.10. Throughout most of August, the cryptocurrency had traded in a tight range around the $1 mark, making this advance one of the most significant single-session rallies in recent trading periods.
[[IMG_4]]XRP Price Against Bitcoin, XRP registered a 3.1% increase, demonstrating that the move wasn’t simply tracking general market momentum. The token was delivering independent outperformance relative to the broader digital asset ecosystem.
On-Chain Signals Preceded the Price Breakout Blockchain data revealed accumulation patterns before the price action materialized. Large-holder activity surged approximately 280% on August 18, with data showing over 38 individual transactions valued at $1 million or more within a single day.
Network engagement on the XRP Ledger had been climbing as well. Santiment data indicated 49,929 active addresses on August 13, marking the highest level in more than two months. The average count of daily active addresses expanded from approximately 26,400 throughout July to around 35,700 in August.
$XRP just closed at its lowest since November 2024, and the on-chain read is more interesting than the price.
📉 Price closed at ~$1.00 on Aug 12, the lowest daily close since Nov 2024 and roughly 69% below the January 2025 peak near $3.30.
📊 Activity picked up anyway. Active… pic.twitter.com/3JcxJjWNFd
— Santiment Intelligence (@SantimentData) August 13, 2026
Technical analyst Diana shared insights on X, highlighting that XRP successfully breached the critical $1.081 resistance barrier and extended toward $1.12. She pointed to the 4-hour RSI reading of approximately 87.6, indicating overbought territory, while identifying the subsequent resistance zone near $1.145, with $1.20 representing a plausible objective following a decisive move above that threshold.
🚨 $XRP EXPLODES 12% After Ripple CEO’s Trump Meeting — SMASHES Through $1.08 Resistance as RSI Hits EXTREME Overbought Levels 🤯🔥
After weeks of fighting around $1.00, $XRP suddenly ripped nearly 12%, blasting straight through the major $1.081 resistance and reaching roughly… https://t.co/MqynN5V4vY pic.twitter.com/sKZyQWdkxG
— Diana (@InvestWithD) August 19, 2026
Trading in derivatives markets exhibited considerable intensity. XRP futures recorded $2.92 billion in volume, significantly outpacing spot market activity of roughly $505.8 million. Total open interest measured $2.81 billion, while forced liquidations totaled $9.13 million across the 24-hour window.
Institutional Developments Provided Additional Support Ripple Prime secured $275 million on August 18 via a private placement offering of senior unsecured notes, receiving a BBB credit rating from KBRA. That same day, Ripple unveiled a collaboration with Jeonbuk Bank, positioning it as South Korea’s first regional financial institution to implement Ripple Payments technology for international money transfers.
United States-based XRP investment vehicles accumulated 994.72 million XRP tokens prior to the rally, approaching the 1 billion threshold. Bitwise commanded the highest trading volume at $18.55 million, with Franklin Templeton following at $4.80 million.
The Securities and Exchange Commission officially introduced its Regulation Crypto Assets proposal on August 18, establishing exemptions for specific cryptocurrency offerings. XRP maintains particular sensitivity to U.S. securities frameworks following Ripple’s prolonged regulatory battle with the SEC.
The Treasury Department’s declaration to expand liquidity-support buybacks for longer-maturity securities — doubling the program from $2 billion to $4 billion effective September 9 — compressed long-end yields by as much as 10 basis points, pressured the dollar lower, and propelled Bitcoin beyond $68,000.
As of Thursday, XRP is changing hands near $1.0951, maintaining support above its 50-day exponential moving average positioned at $1.0764. The MACD indicator has generated a bullish crossover above its signal line, while the RSI registers approximately 59. The subsequent technical milestone to monitor is the 100-day EMA located at $1.1539.
Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong highlighted momentum for the Clarity Act after the White House crypto meeting. President Trump urged Congress to pass the Clarity Act, calling the current crypto bill “very bipartisan.”
Brad Garlinghouse, Brian Armstrong & Crypto Executives Focus on Crypto Bill’s Ethics Issue Top crypto industry leaders gathered at the White House crypto event for remarks by President Donald Trump alongside SEC Chair Paul Atkins and CFTC Chair Michael Selig.
Before the event, a smaller group of executives including Armstrong, Garlinghouse, a16z’s Chris Dixon, and Kraken co-CEO Arjun Sethi met with Commerce Secretary Howard Lutnick.
The discussion centered on the Clarity Act’s potential to create U.S. jobs, drive economic growth, and encourage crypto companies and entrepreneurs to return onshore, according to reporting by journalist Eleanor Terrett.
The group also addressed remaining obstacles to crypto bill passage, including ethics, and how the White House could help find a path to bipartisan agreement.
While the official decision on bipartisan ethics counteroffer still pending, Trump said the crypto bill is “very bipartisan.” He also said “a lot of Democrats support it” as Coinbase CEO Armstrong urged the Senate to pass the Clarity Act on September 15.
Ripple and Coinbase CEO Hails Trump Admin’s Commitment to Pass Clarity Act Trump called on Congress to pass the Clarity Act, describing it as “very, very powerful structured legislation, which will keep us ahead of China, keep us ahead of everyone else.”
Ripple CEO Brad Garlinghouse noted that it was “great to be back at the White House” with Trump, Atkins, Selig, and crypto industry leaders. He spotlighted that 67 million Americans hold crypto today, which means nearly 1 in 4.
“The big picture has never been clearer: 67 million Americans hold crypto today (that’s nearly 1 in 4!). Crypto isn’t a fringe industry. And Washington DC knows the crypto voter is alive and well,” Ripple CEO said.
He hailed President Trump’s commitment to innovation and leadership around digital assets in the US. Meanwhile, XRP price has rallied more than 13% to $1.12 over the last 24 hours, building momentum on Garlinghouse’s earlier comment on leaning aggressively to support the CLARITY Act.
Coinbase CEO Brian Armstrong also said President Trump’s message was clear. He stated the administration is committed to passing the Clarity Act, with the crypto industry ready to get the crypto bill across the finish line.
Armstrong claimed 67 million Americans want the Clarity Act to pass. He also urged everyone to contact lawmakers ahead of the Senate’s vote next month.
Today’s message from @POTUS was clear: This Administration is committed to passing the Clarity Act — answering voters’ call for consistent rules for crypto.
Regulators @SECPaulatkins and @chairmanselig are aligned, Congress has set a date, and the entire industry is ready to get… pic.twitter.com/iGfqbawSUE
— Brian Armstrong (@brian_armstrong) August 20, 2026
Odds of the Clarity Act Signed Into Law in 2026 climbed on prediction markets after the crypto CEOs attended the White House crypto summit and Trump urged Congress to pass the crypto bill.
The crypto Fear and Greed Index climbed to 62 on Thursday, a Greed reading that wipes out yesterday’s score of 46. The 16-point daily jump ranks among the sharpest sentiment swings of 2026.
Bitcoin (BTC) drove the shift. The largest cryptocurrency gained 8.8% over 24 hours to trade near $69,803, while ether and other majors posted even bigger moves.
What Pushed the Crypto Fear and Greed Index Into GreedThe index blends five inputs, and two of them carry most of the weight. Volatility and market momentum count for 25% each. Both flipped hard once prices moved.
Ether (ETH) led the majors with an 18.5% daily gain to $2,259. Solana (SOL) added 11.9%, and XRP rose 11.2%. Meanwhile, Bitcoin’s market capitalization recovered to roughly $1.4 trillion.
Crypto Fear and Greed Index. Source: alternative.meThe scale runs from zero to 100. Readings above 50 count as Greed. Scores near 25 signal Extreme Fear. Thursday’s print is the highest level on the index’s 30-day chart. Weekly investor surveys and Bitcoin dominance make up the smaller inputs.
Short sellers accelerated the climb. Roughly $1.23 billion in bearish positions unwound during the surprise crypto market rally, which forced traders to buy back exposure at higher prices.
Social media activity and Google search interest, which together account for a quarter of the score, typically spike after moves like this. Therefore, the reading may keep rising before it cools.
Fear and Greed Index over time chart, Source: alternative.meWhy This Sentiment Flip Still Deserves CautionContext matters here. The index printed 29 last week and 25 a month ago, deep inside Extreme Fear. Traders spent nearly all of July and early August below 35.
However, liquidity has not recovered at the same pace as the mood. Stablecoin balances held on exchanges have dropped about 20%, according to exchange stablecoin reserve data. Less idle cash therefore sits ready to absorb the next round of selling.
Contrarians read extremes in both directions. In late June, Fundstrat head of research Tom Lee argued that crypto sentiment had sunk below post-FTX levels. Coverage of those peak market fear signals looks early rather than wrong today.
Other traders watch market structure instead of mood. Bitcoin dominance has tested support since July, a setup that keeps the altcoin season debate open. In contrast to sentiment gauges, that signal has barely budged.
Leverage cuts both ways. The same short liquidations that lifted prices leave fewer bears to squeeze. A quiet session could drag the volatility and momentum scores straight back down.
One day of Greed confirms nothing on its own. Still, the index rarely travels 16 points without follow-through in one direction or the other. The next few readings will show whether buyers stay committed or whether fear returns just as quickly.
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.
The American mutual fund Kinetics Internet Portfolio, which has $275 million in assets and is part of Kinetics Portfolios Trust, has acquired a direct equity stake in Ripple Labs Inc.
The investment was disclosed in the fund's quarterly Form NPORT-P report filed with the U.S. Securities and Exchange Commission (SEC). According to the document, the fund owns Class A common shares (Class A Common Shares) issued by Ripple.
SEC Form NPORT-P filing confirming Ripple Labs equity ownership by Kinetics Portfolios Trust. Source: SEC.govThe distinctive aspect of the transaction is that the institutional investor invested directly in the company — through Ripple shares — rather than in the
volatile XRP cryptocurrency.
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The position is estimated at approximately $150,000, making it small in size relative to a $275 million fund. The filing reflects the portfolio's holdings as of June 30, 2026, but due to regulatory reporting delays, the information became public only in August.
IPO and Washington factors: What is making funds rush to buy Ripple sharesThe fund's purchase coincided with a noticeable softening in Ripple management's rhetoric regarding a potential public listing. Speaking at the Wyoming Blockchain Symposium 2026, CEO Brad Garlinghouse said the company now takes a "more neutral" view of the idea of an IPO.
Previously, Ripple's senior management, including President Monica Long, had categorically denied having such plans, citing the company's strong balance sheet and the absence of a clear timeline.
Because Ripple Labs remains a private company, the fund acquired the securities through specialized over-the-counter pre-IPO platforms for accredited investors. The transaction comes amid Ripple's own large-scale $750 million tender offer to repurchase its shares, which valued the company at $50 billion.
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At the same time, the U.S. Securities and Exchange Commission has opened a proposed new regulatory framework, known as "Regulation Crypto Assets," for public comment, while the U.S. administration is holding direct closed-door meetings with Ripple executives at the White House.
Against the backdrop of these regulatory changes and the confirmation of Ripple's multibillion-dollar valuation, institutional investors are rushing to gain exposure to the company through the private market rather than waiting for an official IPO.
Kinetics Internet Portfolio disclosed 1,875 Class A common shares in Ripple Labs valued at $246,318.75 as of June 30, according to a quarterly regulatory report that became public in August.
Summary
1,875 Ripple Class A shares were valued at $246,319 in the fund’s quarterly SEC filing. $248.3 million in net assets makes the Ripple holding roughly 0.1% of Kinetics’ portfolio. Kinetics already reported 1,875 Ripple preferred shares in its March 31 portfolio disclosure previously. Ripple equity represents company ownership, while XRP provides no claim on profits, shares, or dividends. Level 3 classification indicates the private shares rely on unobservable inputs rather than market quotations. The New York based mutual fund reported $248.28 million in net assets and $251.70 million in total assets. Its Ripple position therefore represented 0.0992% of net assets, the filing showed.
Those figures differ from initial reports describing Kinetics as a $275 million fund with a Ripple position worth about $150,000. The primary document places the fund’s net assets below $250 million and values the private shares at more than $246,000.
The disclosure also does not establish that Kinetics bought the position during the quarter. An earlier portfolio report showed the same number of Ripple shares at the end of March, although they were described as preferred rather than common shares.
Ripple stock holding predates the latest filing Kinetics’ March 31 schedule of investments listed 1,875 Ripple preferred A shares with a fair value of $228,281 and a cost of $300,000. The June filing lists the same share count as “Ripple Labs Inc Common A Shares” and assigns them a higher fair value.
JUST IN: SEC filing confirms Kinetics Portfolios Trust holds Ripple Labs Inc Common A Shares, disclosed under Kinetics Internet Portfolio as of June 30, 2026.
this is bigger than an ETF inflow this is direct ownership in Ripple Labs 👀 pic.twitter.com/WDNTPmo64f
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) August 20, 2026 The unchanged quantity means the latest disclosure cannot, by itself, support claims that Kinetics recently purchased Ripple stock. The change may reflect a reclassification, conversion or revised description, but neither the June filing nor the earlier schedule explains it. Any conclusion about the reason would therefore be speculative.
The reported value rose by approximately $18,038 between March 31 and June 30, an increase of about 7.9%. Since Ripple remains privately held, this is a fund valuation rather than a quoted exchange price or evidence of a completed market transaction.
Kinetics classified the investment as a Level 3 holding. This category covers assets valued with material unobservable inputs because active market prices are unavailable. It also listed the shares as an equity investment in a U.S. corporation and did not mark them as restricted securities.
Company shares provide different exposure from XRP Ripple stock gives the holder an equity interest in Ripple Labs. XRP is a digital asset and does not provide shares, voting rights, dividends or a contractual claim on the company’s profits.
The distinction matters because the two investments respond to different factors. Ripple shares reflect the value investors assign to the private company and its wider business. XRP’s price depends on demand for the token, market liquidity, supply conditions and broader cryptocurrency trading.
As crypto.news reported, Ripple equity and XRP remain legally separate, meaning an eventual public listing would not automatically grant XRP owners any interest in the company. Ripple has not announced such an entitlement.
In related coverage, Ripple’s expanding institutional business has not consistently translated into XRP demand. The Kinetics position reinforces that divide by giving a regulated U.S. mutual fund direct exposure to Ripple’s equity rather than indirect exposure through the token.
U.S. rules shape Ripple’s private market story The disclosure arrives as the SEC considers a new framework called Regulation Crypto Assets. The 402 page proposal would create tailored exemptions and disclosure requirements for certain investment contracts involving crypto assets.
However, the proposed framework does not turn private Ripple shares into XRP or treat the two instruments as equivalent. The SEC document says conventional equity offerings remain better suited to existing securities frameworks, which contain company focused disclosure requirements.
Ripple also remains subject to the final judgment from its earlier SEC litigation. As previously reported, the parties dismissed their appeals in August 2025, leaving a $125 million penalty and an injunction connected to certain institutional sales intact.
The court found that Ripple’s programmatic XRP sales through exchanges did not constitute investment contracts under the circumstances examined. Certain direct institutional sales did violate federal securities law. That split result is separate from Kinetics’ ownership of company shares, which are plainly equity securities.
What happens next for the Ripple position Kinetics must continue reporting portfolio holdings through its regulatory disclosures. A future filing may show whether the fund retains, increases or exits the 1,875 share position. It could also clarify whether the description changed because of a share conversion or an accounting reclassification.
Ripple has not announced an IPO date or filed a public registration statement. Earlier this year, company President Monica Long said Ripple had no specific listing timeline. More recent discussion has kept the possibility alive, but no offering terms, exchange selection or launch schedule has been confirmed.
As crypto.news reported, Ripple’s leadership previously said an IPO was not an immediate priority. Private fund holdings should not be treated as evidence that a public offering is imminent.
The verified development is narrower: a U.S. mutual fund held a small, privately valued position in Ripple Labs at quarter end. The filing confirms institutional equity exposure, but it does not show a new purchase, an IPO plan or direct investment in XRP.
Bitcoin, Ethereum, and XRP rallied after Trump's crypto meeting, but the CLARITY Act still faces political disagreements in the Senate.
President Donald Trump met with executives from Coinbase, Ripple, Gemini, and other major crypto companies at the White House on Wednesday as the administration sought to take a stronger position in the digital asset industry.
The discussion focused heavily on the Digital Asset Market Clarity Act, Bitcoin, and the push to bring more crypto activity into the US.
CLARITY, Bitcoin and Hyperliquid Trump called on Congress to pass “a fair version” of CLARITY and said the legislation would help keep the US “ahead of China.” The bill passed the House of Representatives in July 2025 but has remained stalled in the Senate over issues including tokenized equities, stablecoin rewards, and concerns about potential conflicts involving the Trump family and the crypto industry.
Coinbase CEO Brian Armstrong said the legislation would make the country’s crypto policy “durable into the future, so it could survive for decades and decades to come.” The exec expects the bill to get “more than 60 votes” when the Senate takes up a cloture motion on September 15. Trump backed Armstrong’s assessment of the bill’s support and said,
“It’s very bipartisan, I would say. Lot of Democrats support.”
During the meeting, Trump also said the US has discussed plans to buy “sizable” amounts of Bitcoin and other cryptocurrencies. He later said,
“We’re going to ensure America remains the undisputed leader, not only in Bitcoin and crypto, but also in technologies like prediction markets and artificial intelligence.”
Hyperliquid was another topic raised during the meeting. Trump said Commodity Futures Trading Commission Chair Michael Selig is working to bring the perpetuals-focused trading platform into the US in a “fully compliant and legal fashion.” HYPE jumped more than 20% following the remarks and climbed to $71.
Markets Cheer, But Hurdles Remain Crypto markets reacted strongly after the White House meeting and the latest signals on regulation. Bitcoin gained 7% and tapped $70,000, while Ethereum posted a bigger jump of nearly 18% and reached $2,327. XRP also moved higher as it climbed to $1.14.
You may also like: This Bitcoin Cycle Pattern Could Set Up a 1,000% Rally: Analyst HYPE Skyrockets Past $70 as Trump Reveals CFTC Push for Hyperliquid’s US Entry Over $1B in Liquidations as Bitcoin Surges to 2-Month High Above $69K But the bigger question for the industry is still in Washington. Trump can urge lawmakers to move ahead, but the CLARITY Act must still clear political hurdles in the Senate. Democratic Senator Ruben Gallego, for instance, warned lawmakers to slow down rather than rush toward a Senate vote. Speaking at the SALT Wyoming Blockchain Symposium on Wednesday, Gallego said Democrats and Republicans still need to work through disagreements over ethics and stablecoin yield.
“Don’t go for a fast vote. A fast vote gets you a fast result, but I’m not sure it’s the result you want.”
It is important to note that Senate Democrats have pushed for language that would prevent public officials, including the president, from selling digital currencies. But Gallego said that repeated efforts to reach the White House on the ethics language have made little progress.
Leading cryptocurrencies jumped to their multi-month highs on Wednesday as investors parsed CLARITY Act optimism and other macro developments.
Crypto Market ExplodesBitcoin surged nearly 8% to touch $70,000, reaching its highest level since early June. Trading volume erupted 161% over the last 24 hours, indicating high buying pressure.
Ethereum soared to levels not seen since May 12, while trading volume exploded by 346%. XRP and Dogecoin also recorded sharp spikes.
Cryptocurrency-related stocks also soared, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 12.68% and 10.72%, respectively.
Growing optimism around a September passage of the CLARITY Act lifted the market and cryptocurrency-adjacent equities
Nearly $3 billion was liquidated from the cryptocurrency market in the last 24 hours, with $2.74 billion in bearish short positions alone wiped out, according to Coinglass data. It was the largest single-day short liquidation event in Bitcoin’s history.
Bitcoin’s open interest jumped 5.41% over the last 24 hours. That said, sentiment among BTC’s retail and whale derivatives traders flipped from “Bullish” to “Neutral.”
"Greed" sentiment took over the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization surged 7.54% over the last 24 hours to $2.37 trillion.
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Stocks Snap Losing RunStocks rebounded sharply on Wednesday. The Dow Jones Industrial Average rallied 119.65 points, or 0.22%, to close at 53,463.05. The S&P 500 climbed 0.21% to end at 7,707.98, while the tech-focused Nasdaq Composite lifted 0.16% to settle at 26,331.09.
The Treasury said it will increase liquidity support buyback operations for longer-dated bonds from a maximum of $2 billion per operation to at least $4 billion per operation.
‘It’s Just a First Start’Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, said that the cryptocurrency market is waking up massively, with Bitcoin leading gains, Ethereum showing strength and Solana following closely.
“More Altcoins will start to follow through as confidence comes in and liquidity rotates from Bitcoin towards assets that deserve attention,” Van De Poppe projected.
On-chain analytics firm CryptoQuant noted that Bitcoin’s spot and futures demand have both returned to positive territory for the first time in months
CryptoQuant said that through April and May, only futures demand rose while spot demand “stayed underwater.”
“This time spot is participating. That is the difference,” the firm added. “Leverage can move price. It cannot hold it.”
PANews reported on August 20, according to CryptoSlate, Nasdaq-listed AIxCrypto Holdings plans to exit its crypto asset holdings in an orderly manner and shift to a robot rental business. As of June 30, the company held 46 Bitcoin, 616 Ethereum, 6,659 Solana, 1,308 BNB, and small amounts of ADA, LINK, TRX, USDT and XRP, with a total cost basis of $10.43 million and a fair value of $5.21 million.
In the first half of the year, the company's operating cash burn was $7.94 million, cumulative losses reached $150.3 million, quarter-end cash was only $577,000, and it made no crypto purchases or sales in the second quarter. The company warned that volatility, market depth, and custody restrictions could cause the actual liquidation value to be significantly lower than book value. Its robot rental business RoboShare has completed one paid order, but did not disclose specific financial details.
Top altcoins, such as Ripple (XRP), Solana (SOL), and Cardano (ADA), are holding steady on Thursday after a bullish rebound as the broader crypto market rebounds on US Treasury bond buybacks. The technical outlook for XRP and SOL suggests further upside, while ADA risks losing the recent gains.
Technical outlook: Could XRP, SOL, and ADA regain bullish momentum?Ripple trades around $1.0951 on Thursday, following a 10% surge the previous day. XRP maintains a near-term bullish bias above the 50-day Exponential Moving Average (EMA) at $1.0764 but remains capped below the 100-day and 200-day EMAs at $1.1539 and $1.3787, respectively.
Momentum is recovering on the daily chart, with the Moving Average Convergence Divergence (MACD) crossing above its signal line and the Relative Strength Index (RSI) at around 59, suggesting bullish momentum is improving.
XRP must reclaim the 100-day EMA at $1.1539, near the July 21 high of $1.1646, to extend its rally, potentially targeting the June 15 high at $1.2935.
XRP/USDT daily price chart.On the downside, initial support is at the 50-day EMA at $1.0764; a clear break below this floor would expose a deeper pullback toward the $1.00 psychological support.
Solana trades around $84.81, extending a bullish bias as price holds above the 50-day and 100-day EMAs at $76.30 and $78.41, respectively. SOL also holds above the 50% retracement of the $98.41 to $60.13 downswing at $79.27.
Momentum is strong, with the RSI hovering in overbought territory near 72 as buying pressure builds and the MACD shows a positive trend with its signal line, reaffirming persistent upside pressure.
Solana must surpass its 200-day EMA at $88.82, close to the 78.6% Fibonacci retracement at $90.21, to extend its rally toward the $98.41 swing high and the $100 psychological threshold.
SOL/USDT daily price chart.On the downside, initial support is seen at the 50% retracement at $79.27 and the 100-day EMA at $78.41, while deeper pullbacks would expose the 50-day EMA at $76.30.
Cardano is down over 2% on Thursday, putting at risk its 7% rise from the previous day. ADA holds marginally above the 50-day EMA at $0.1799, suggesting a cautiously constructive near-term tone. However, the pair remains capped beneath the 100-day and 200-day EMAs at $0.1930 and $0.2597, respectively, reinforcing a broader corrective structure.
Momentum is mixed, with the RSI hovering around 52 in a neutral zone, and the MACD edging higher toward the signal line, hinting at easing bearish pressure.
Immediate support for Cardano is seen at the 50-day EMA clustered around $0.1799, with a deeper floor at the ascending support trendline region near $0.1651, where buyers would be expected to reassert themselves if the current advance stalls.
ADA/USDT daily price chart.On the topside, initial resistance stands at the 100-day EMA at $0.1930, and only a decisive daily close above this barrier would open the way toward the more distant 200-day EMA at $0.2597, shifting the focus toward a more sustainable bullish recovery.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Several altcoins recorded massive gains on the 19th of August, driven by a Bitcoin [BTC]-led rally that lifted the entire crypto market.
In particular, Solana [SOL] and Ripple [XRP] fronted a 10% pump at press time. Surprisingly, these two mega-cap altcoins had different market structures on the price charts, suggesting varied opportunities if the momentum extends.
Will XRP offer more gains than SOL? On the daily price charts, SOL reclaimed the 200-day Moving Average (MA blue) for the first time since last November. It also surged above the July high of $84, effectively hitting a 3-month high of $87.20. Put differently, SOL flipped bullish.
However, a true breakout from its 2026 price range of $76-$98 could confirm further sustained upward momentum.
As such, if SOL flips the mid-range level of $88 into strong support and jumps above $100, much of the 2025 losses could be reversed. An extra 16% could be feasible if SOL bulls hit the range high of $98.
Source: SOL/USDT, TradingView But with the RSI flashing an overbought signal, a cool-off below the mid-range of $88 could not be ruled out.
For XRP, however, the structure was still firmly bearish on the daily charts. Despite surging 10% from $1.00 to $1.10, it was still below its 200-day MA (at $1.27).
Given that the RSI indicator was yet to flash an overheated market, there was still room to hit the 200-day MA level. If so, an extra 17.5% upside potential for XRP could be on the cards.
However, the bullish scenario holds only if XRP defends the July support zone of $1.0 (white). A crack below the zone would reinforce sellers’ leverage and invalidate the bullish outlook.
Source: XRP/USDT, TradingView Catalysts for SOL and XRP pump First, the mid-week pump was triggered by a Bitcoin short-squeeze following the U.S. Treasury’s planned intervention in the bond market. Similarly, SOL saw nearly $100 million in short liquidations in the past 24 hours.
For its part, XRP only recorded $16.5 million worth of wrecked leveraged short positions. Collectively, these offered the fuel for Wednesday’s upside move targeting the leveraged bears (bright yellow zones during the rally).
Source: CoinAnk Spot demand, especially from U.S. SOL and XRP ETFs, also supported the rally. The products saw $2.1 million and $2.35 million in daily net inflows, respectively.
The next move depends on BTC’s direction, and next week’s PCE (Personal Consumption Expenditures) Price Index data could become a crucial catalyst. A hotter-than-expected PCE data could reduce Fed rate cut expectations in September due to stubborn inflation.
On the contrary, a cooler PCE could boost risk-on sentiment and crypto market momentum.
Final Summary SOL and XRP exploded 10% due to a short-squeeze and broader market recovery. XRP had more room for an extra 17.5% rally if Fed rate expectations favor bulls.
Bitcoin approached a critical price juncture on Tuesday as its value neared $65,000, sitting almost equidistant between the $70,000 resistance and $60,000 support levels. This positioning places the largest cryptocurrency by market capitalization at a potentially decisive threshold, where traders are watching for signals of the next major move.
Bitcoin faces resistance at $66,300 as buyers regain momentumAfter rebounding from the lower boundary of its July-August consolidation range, Bitcoin was trading at approximately $64,843. This recent recovery pushed BTC above its short-term moving averages, now near $63,900. Market watchers noted that this upward movement restored short-term buyer momentum amid an otherwise cautious trend.
The Relative Strength Index (RSI) climbed to 56.6, comfortably above the neutral 50 mark, suggesting that momentum favors continued gains without immediate signs of exhaustion. However, price action has faced resistance around $66,300—an intermediate moving average level that has gradually declined over recent months.
Bitcoin has consistently failed to breach the $66,000–$67,000 range since June. Should this barrier give way, traders see the psychological $70,000 level as a plausible target, with limited known resistance between $66,300 and the long-term moving average at $71,450.
Key LevelCurrent StatusSupport$63,800Resistance$66,300Major Resistance$71,450Upper Target$70,000If BTC reverses below $63,800, the market could revisit its recent range, making $62,000 the next crucial level, with $60,000 potentially tested quickly amid higher selling volume.
Bitcoin buyers have regained momentum in the short term, but significant resistance at $66,300 remains and must be cleared for a push toward $70,000.
XRP buyers fight to hold $1 support amid technical weaknessXRP, the cryptocurrency closely tied to payments company Ripple, continued to battle for control above the $1 threshold after weeks of selling pressure drove its price near this psychologically significant mark. On Tuesday, XRP traded at $1.018, having dipped below $1 earlier before buyers initiated a modest rebound.
This recovery brought XRP’s RSI up to 43, rising from near-oversold conditions, and pulled the price back above the round-number support. However, all major moving averages remain above the current price, reinforcing the negative outlook for now. Immediate resistance stands at $1.038, with another moving average found near $1.074. A stronger recovery would require reclaiming the $1.07–$1.10 range.
Long-term technical challenges persist. The key long-term moving average is at $1.342, and the intermediate average sits around $1.153—both still trending downward, reflecting XRP’s losses in recent years. For now, holding $1 on a daily closing basis is critical; a sustained close below could expose the asset to further downside toward $0.95 and $0.90.
XRP buyers are defending the $1 mark, but a break below this level on a closing basis could open the door to steeper losses.
Shiba Inu’s exchange flows and price action slowThe Shiba Inu network has seen a notable decrease in large-scale exchange flows, with multibillion-token transfers no longer dominating its metrics. As SHIB lingers near $0.0000045, its inability to establish a lasting recovery has been accompanied by a quieter flow environment.
The seven-day average of exchange inflows stands at 859.8 million SHIB, below the 1 billion mark, while outflows in the past 24 hours have fallen by 6.1 percent, reaching just 467.1 million SHIB. This calmer activity represents a stark contrast to earlier periods characterized by frequent billion-token movements.
Despite the lighter flows, inflows still outpace outflows, resulting in a positive netflow of 112.13 billion SHIB. Exchange reserves also rose slightly by 0.13 percent to an estimated 87.38 trillion SHIB, indicating that available supply on exchanges is not diminishing even as trading activity moderates.
SHIB traded near its short-term moving averages at $0.00000448–$0.00000455, closing at $0.00000447. The RSI remained neutral to weak at 46. The next key resistance is located at $0.00000488, with a long-term barrier identified at $0.00000575. A push above these levels would be needed for any meaningful recovery.
Mini dictionary: Shiba Inu (SHIB) is an Ethereum-based memecoin known for its extremely small unit prices and large total supply, attracting speculative interest but also showing highly volatile trading patterns.
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.
Following a lengthy legal battle with the SEC, Ripple continues to expand its operations and grow through new partnerships and acquisitions. Whether the company will go public in the future remains a topic of discussion.
Will Ripple Go Public? While uncertainty persists on this matter, the latest statements have come from Ripple CEO Brad Garlinghouse.
Speaking at the 2026 Wyoming Blockchain Symposium, Ripple CEO Brad Garlinghouse said he was taking a neutral stance on the possibility of an IPO.
Garlinghouse, emphasizing that they have not yet made a definitive decision regarding an IPO, said that Ripple is happy to remain a privately held company. This is because the company is in a solid position and has a low need to raise funds through an IPO.
However, Garlinghouse’s use of the phrase “more neutral” regarding the IPO suggests that he is no longer definitively ruling out the possibility of Ripple going public.
Garlinghouse also noted that Ripple has conducted shareholder buybacks worth approximately $3 billion in the past two years and has recently made acquisitions worth approximately $2.5 billion.
Ripple CEO Monica Long stated earlier this year, “Ripple already has sufficient investment capacity for company growth, so there is no need for an IPO.”
September 15th Will Be Decisive for Clarity Act! While Ripple’s CEO spoke about going public, Ripple CLO Stuart Alderoty made noteworthy statements regarding the future of the critical US cryptocurrency law, the CLARITY Act.
Speaking at the Wyoming Blockchain Symposium 2026, Ripple’s CLO stated that September 15th would be a critical turning point for the Clarity Act. According to Alderoty, the initial procedural vote in the Senate will determine whether the bill continues to advance in Congress.
Alderoty stated that there is still a viable path forward in Congress for the CLARITY Act, drawing attention to the Senate vote scheduled for September 15.
Alderoty stated that the bill requires 60 votes to be considered, and that they are awaiting progress on the legislation.
Even if the Law Isn’t Passed, Regulations Will Continue! Alderoty said he expects the CLARITY Act to pass Congress, but argued that even if it doesn’t, crypto regulatory efforts in the US will not completely stop.
However, Alderoty added that regulations alone would not be sufficient and that the sector needed a permanent legal framework.
However, Alderoty also argues that the impact of the CLARITY Act not being enacted will not be limited to the cryptocurrency sector alone for the US. He points out that regulatory uncertainty could drive companies and investments out of the US, warning that the country could miss a significant opportunity in terms of employment, innovation, and economic activity.
*This is not investment advice.
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Crypto researcher Ripple Bull Winkle has drawn attention from XRP holders by outlining what he believes is a potentially crucial period for the token. After a prolonged downturn in price, Winkle suggested that XRP may be approaching a historical bottom and highlighted a specific 70-day window as significant for long-term investors.
A possible inflection point for XRPWinkle built his analysis around the importance of timing in market cycles. He claimed that XRP is likely entering the final 70 days in a timeframe that has often marked the historical bottom. He stopped short of confirming whether the bottom is currently in place, but stated that conditions are aligning in ways that are worth monitoring for those holding the cryptocurrency.
He supported these remarks with historical data, suggesting in a recent video that market moves often become clear to most participants only after they have already begun. As a result, Winkle emphasized the importance of strategic positioning in advance of any potential recovery.
He contended that it is more effective to prepare in advance for a shift, noting that “you’re going to start to realize it’s coming before you actually realize it.” This reflects his belief that the market setup is visible, but only to those looking closely at current trends and historical patterns.
Accumulation strategy, not price perfectionA key part of Winkle’s outlook focused on the concept of accumulation zones versus exact price targets. He argued against waiting for a singular, perfect entry point, suggesting that trying to time the exact bottom is less effective than building a position within a well-defined range. Historical patterns, according to his data, favor accumulation when an asset falls by 50%, 75%, or even 95% from previous highs.
“Nobody can call the bottom, we call ranges,” he stated in the video. He noted that investors who benefit during market rebounds are usually those who accumulated throughout the decline, not those who pinpointed the lowest price.
This strategy aligns with a broader shift within financial markets as blockchain technology evolves. While traditional investing often relies on multiple intermediaries, major players such as Wall Street have begun exploring Web3 platforms. Investors are starting to use tools like 1stepSwap to hold tokenized versions of equities, gold, and silver in their crypto wallets. With features that instantly source the best available prices and remove intermediaries, these solutions reflect changing habits in how market participants approach accumulation and asset management.
What’s next for holders following the prolonged decline?For investors who have held XRP through its recent downturn, Winkle’s research highlights a potentially time-sensitive opportunity. He argues that the 70-day range he identified is not open-ended, and data-driven positioning during this period could prove more advantageous than waiting for perfect confirmation of a market bottom.
Winkle challenged long-term holders to focus on the data and market signals presented rather than relying on predictions. He encouraged anyone following XRP to examine the technical indicators supporting his thesis as evidence rather than taking forecasts at face value.
Throughout his analysis, Winkle made clear that he does not offer financial advice. He instead aims to provide a framework for interpreting market patterns and managing risk, offering holders the chance to make their own informed decisions as XRP approaches his stated accumulation range.
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.
Bitcoin (CRYPTO: BTC) jumped 6% after the US Treasury announced it would double its long-term bond buyback operations, sending gold surging and crypto sharply higher across the board.
What the Treasury Actually AnnouncedAccording to a Treasury press release, the department will increase liquidity support buyback operations for longer-dated nominal coupon securities from a maximum of $2 billion per operation to at least $4 billion per operation.
The change takes effect September 9 and runs through November 4, 2026.
The announcement sent markets sharply higher within hours. Bitcoin (CRYPTO: BTC) jumped 6%, Ethereum (CRYPTO: ETH) surged 8%, Solana (CRYPTO: SOL) spiked 7%, and XRP (CRYPTO: XRP) gained 4% on the session.
Why Schiff Says This Sends Inflation HigherPeter Schiff posted on X that the Treasury is stepping in to buy long-term bonds that private investors no longer want, with the money to fund those purchases ultimately created by the Fed.
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“That’s why gold is already up $125 on the news,” Schiff wrote.
In a follow-up post, Schiff added that funding the buybacks through short-term debt issuance makes it harder for the Fed to raise rates, since it drives up federal interest expense and widens the deficit.
The result, he argued, is growing pressure for rate cuts and quantitative easing even as inflation rises.
Why Is Crypto Rallying on the News?According to Reuters, the Treasury announcement knocked 30-year yields sharply lower from near 19-year highs while the dollar index fell 0.8%.
Gold surged 3.5% to $4,487 per ounce, its highest level since June 4, as markets immediately priced in the liquidity signal.
Falling yields and a weaker dollar have historically pushed capital into hard assets and risk assets like crypto.
Traders are reading the buyback program as QE Lite, a sign that the Fed’s ability to keep tightening is now constrained, the same backdrop that fueled Bitcoin’s biggest prior rallies.
TD Securities wrote in a note cited by Reuters that Treasury liquidity support, a Fed willing to look through an energy shock, and a growing stagflation narrative should all push real rates lower, a setup that favors gold and crypto alike.
Where Bitcoin Stands TechnicallyBTC blasts to $68,500 Wednesday, clearing the descending trendline, and the three-month range ceiling in a single session.
The 20-day and 50-day EMAs now sit firmly below as rising support. The next meaningful ceiling is the 200-day EMA at $71,468.
Key levels for BTC: $65,800 — prior resistance, must hold as new support $71,468 — 200-day EMA, next upside target Photo via Shutterstock
Crypto prices are jumping across the board today, with Bitcoin, Ethereum, and XRP all posting solid gains. Here’s what’s actually driving the move.
Bitcoin Just Had a Wild Hour
Bitcoin briefly hit $69,700 today, its highest price in over two months overall, currently trading near $68,600, up 2.5% over the past 24 hours. The move happened fast. Bitcoin jumped more than $4,400 in just 50 minutes, and that speed wasn’t an accident.
Over $1 billion worth of short positions were liquidated in just 60 minutes now. In simple terms, a lot of traders had bet that Bitcoin’s price would fall. When it shot up instead, those bets were automatically closed out, forcing those traders to buy back Bitcoin at a loss, which pushed the price even higher in the process.
Ethereum and XRP Are Riding the Same Wave
Ethereum is up nearly 4% today, trading around $2,085, while XRP has climbed 3.5% to $1.07. Solana is up even more, gaining 6% and trading near $82.
None of these moves are happening in isolation. When Bitcoin makes a fast, sharp move like today’s, most other major cryptocurrencies tend to follow along, since a lot of trading activity across the market is connected.
Money Is Flowing Back Into Crypto ETFs
Investor demand through regulated funds also picked back up. Together, Bitcoin and Ethereum ETFs pulled in $261.8 million in inflows Monday, marking a second straight day of inflows that have now more than made up for money that left the market on August 13 and 14.
BlackRock’s Bitcoin fund, IBIT, led the way with $143.6 million in new money, while its Ethereum fund, ETHA, brought in an additional $64.7 million. When big funds like these see steady buying, it’s often read as a sign that larger, more cautious investors are feeling more comfortable stepping back in.
A Bigger Story in Bonds Might Be Helping Too
Something happening far outside crypto may also be playing a role. The US Treasury will double its bond buybacks starting September 9, per reports, moving from $2 billion to $4 billion per operation. That announcement alone caused long-term bond yields to drop sharply, with the 30-year yield falling from 5.337% to 5.187% and the 10-year dropping from 4.748% to 4.637%.
Lower bond yields often make riskier assets like crypto and stocks look more attractive by comparison, since safer investments like bonds are now paying out less. Gold has reacted to the same news too, jumping to an 11-week high near $4,500.
Put together, a mix of forced short-covering, renewed ETF demand, and a bond market shift all landing at once appears to be behind today’s broad crypto rally.
Story Ends Here
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Ripple, a US-based blockchain company specializing in global payment solutions, announced a significant new institutional agreement with South Korea’s Jeonbuk Bank on August 18. As part of the partnership, Jeonbuk Bank became the first regional bank in Korea to implement Ripple Payments for cross-border remittances, transitioning away from traditional SWIFT-based solutions.
Ripple expands Korean partnershipsJeonbuk Bank, a provider of financial services for import-export companies, tech startups, and digital content creators, has now enabled its clients to send and receive cross-border payments within seconds. This upgrade replaces the multi-day settlement times typical with SWIFT, allowing business customers to access near real-time, 24/7 transactions.
The agreement marks Ripple’s third major institutional deal in South Korea this year, following earlier partnerships with Kyobo Life Insurance and Kbank. By integrating Ripple Payments, Jeonbuk Bank joins a growing list of Korean financial institutions adopting Ripple’s technology for efficient international transfers. In these partnerships, XRP operates as the bridge digital asset facilitating rapid settlement between different currencies.
Mini dictionary: Jeonbuk Bank, a regional South Korean bank, offers a range of financial products and specializes in serving corporate and digital business clients.
Ripple’s growing presence in Korea extends across insurance, digital banking, and regional banking sectors, cementing its influence as regulations around digital assets in the region continue to evolve.
Investor frustration and price stagnationWhile the Jeonbuk Bank partnership was widely celebrated as a positive milestone for Ripple and XRP, the cryptocurrency’s market performance failed to reflect the news. As the announcement surfaced, XRP fell below the $1 mark, sparking frustration among long-term holders and industry observers.
Crypto Bitlord, a well-known investor and commentator in the crypto space, voiced disappointment across social media:
“More good news for $XRP. Meanwhile, the market decides to crash it under $1. I’m slowly starting to hate this coin.”
Other community members expressed similar frustrations, with some admitting they feel “too deep in to do anything but hold and hope.” Crypto Bitlord noted that, despite XRP’s strong fundamentals “on paper,” the price has remained stubbornly stagnant, attributing this partly to waves of holders selling their positions earlier in the year.
Community splits on patience and outlookFigures like BankXRP, a prominent XRP community member, acknowledged the current challenges and called for continued patience, while others questioned how much longer holders should wait for significant price movement.
XRP “had all the right things going for it on paper,” but lingering price weakness, even after positive developments, has affected community sentiment.
A number of outside voices questioned XRP’s market valuation compared to competing assets, suggesting that positive announcements have historically had little effect on price, while negative news tends to trigger sharp declines. This perception fueled additional skepticism among investors.
Recently, Ripple President Monica Long highlighted the company’s acquisition of over 75 global licenses and various partnerships in an industry interview. Despite these milestones, many community members remained unconvinced, pointing to the disconnect between company progress and XRP’s lackluster price trajectory.
The disconnect between fundamentals and priceAt press time, XRP traded at $0.99, down nearly 1% for the day, underscoring the frustration circulating among investors. The continued divergence between Ripple’s institutional advances and the lack of corresponding gains in XRP’s value has become a central tension for holders looking for price appreciation.
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.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Cloud mining is gaining attention as a lower-barrier alternative to traditional cryptocurrency mining, with FT Mining highlighting remote computing and managed operations.
Summary
Cloud mining lets users rent computing power remotely, avoiding hardware costs while earning automated returns each day. FT Mining offers cloud mining with clean-energy data centers, flexible plans, multi-currency support and referral rewards. Its cloud mining platform offers simple contracts, daily earnings, security and worldwide infrastructure. In today’s fast-paced and volatile cryptocurrency market, an increasing number of investors are shifting from short-term speculation to long-term passive income strategies.
Options such as cryptocurrency cloud mining are becoming an ideal choice for global investors, especially novice users.
There is no need to purchase expensive mining rigs, configure complex equipment, or bear high electricity or maintenance costs.
Users simply need to select a suitable computing power contract on the platform, and the system operates automatically, generating stable daily returns for investors.
This model represents the next-generation trend of “automated digital asset appreciation.”
What is cryptocurrency mining? Cryptocurrency mining is a model in which a platform operates mining hardware on behalf of users, who remotely rent computing power.
Investors need only pay for computing power and receive daily returns based on the percentage stipulated in the contract.
Compared to traditional self-built mining operations, cloud mining offers the following significant advantages:
1. Lower barrier to entry: No need to purchase equipment or possess technical expertise.
2. More manageable costs: The platform covers electricity and maintenance expenses.
3. Greater risk diversification: Stable returns, making it suitable for long-term investment.
4. For cryptocurrency holders who prefer not to monitor the market or deal with the stress of market volatility, cryptocurrency mining offers a hassle-free and efficient investment method.
In this sector, FT mining stands out as a leader, thanks to its technical prowess and regulatory compliance background.
Why choose FT mining? FT Mining is a UK-based, compliant cryptocurrency mining platform.
The company currently operates hundreds of energy-efficient data centers worldwide, utilizing over a million mining units powered entirely by clean energy.
This approach allows the platform to balance environmental sustainability with operational stability, attracting more than 9 million registered users.
The platform is exceptionally user-friendly; with a clear interface and simple operations, even cryptocurrency mining beginners can easily sign up and start earning returns.
Platform advantages
$15 Sign-up Bonus. Multi-currency Support — Accepts settlements in major cryptocurrencies such as BTC, XRP, BNB, DOGE, ETH, LTC, USDT, USDC, and SOL. Referral Program — Invite friends to sign up and earn affiliate rewards of up to $50,000. Security — Comprehensive protection provided by McAfee® and Cloudflare® ensures 100% system uptime. 24/7 Technical Support — Round-the-clock online customer service and real-time hashrate monitoring ensure transparency and security throughout the mining process. How to get started with FT mining
Step 1: Sign Up for Free
Visit the official website. Registration takes less than a minute, and new users instantly receive a $15 bonus.
Automatically earn approximately $0.75 in free daily income, allowing users to try the cloud mining service risk-free.
Step 2: Select a Mining Contract
The platform offers various hashrate plans covering major cryptocurrencies such as BTC, XRP, and DOGE.
Users can choose between short-term trial contracts and long-term agreements based on their goals, enabling flexible asset allocation.
Step 3: Automated Mining and Daily Earnings
Once the contract is activated, the system automatically operates the mining equipment and deposits earnings into your account daily.
Profits can be withdrawn at any time to major wallets such as Coinbase, Binance, and Trust Wallet.
The future of cryptocurrency mining and the role of FT Mining Driven by web3 and artificial intelligence, cloud computing power has become a vital pillar of global blockchain infrastructure.
FT Mining is building a next-generation decentralized cloud computing ecosystem through sustainable energy-powered mining and a global network of nodes.
Industry analysts believe that, given the growing market demand for stable returns, FT Mining’s intelligent mining system is poised to become a key force in the passive income market by 2026.
Conclusion For those who are looking for a secure, transparent, and compliant cryptocurrency cloud mining platform, FT Mining is undoubtedly worth a try.
Sign up now to receive a free $15 mining bonus and put BTC, XRP, and BNB to work.
Start the passive income journey with this risk-free trial.
For more information, visit the official website.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Crypto stocks exploded Wednesday as fresh CLARITY Act confidence and Treasury liquidity news hit markets, lifting Strategy Inc. (NASDAQ:MSTR) and Coinbase (NASDAQ:COIN) sharply higher.
What Is Driving the Moves?Clear Street analyst Owen Lau told CoinDesk two catalysts are driving the surge. First, investors are rotating out of AI stocks after a strong run and moving capital into crypto-adjacent equities.
Second, fresh optimism around the CLARITY Act passing in September is giving the sector a meaningful bid.
The macro backdrop added fuel.
The U.S. Treasury announced it would double its long-term bond buyback operations starting Sep. 9, knocking yields lower and sending Bitcoin (CRYPTO: BTC) up 6%, Ethereum (CRYPTO: ETH) up 10%, Solana (CRYPTO: SOL) up 7%, and XRP (CRYPTO: XRP) up 8% on the session.
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Crypto stocks followed directly, with Bitmine (NASDAQ:BMNR) and Bullish (NYSE:BLSH) adding 13%. Meanwhile, Circle (NYSE:CRCL) climbed nearly 12% on the session
What Senators Said About the Clarity ActSpeaking at the SALT conference in Jackson Hole Tuesday, Senate Banking Committee Chairman Senator Tim Scott (R-SC) said the Clarity Act has a “really good shot” of moving forward in September.
“There’s no question about the fact that this will become law,” Scott said. “The only question is how do we get it to the finish line,” he added.
White House Council of Advisors for Digital Assets executive director Patrick Witt told the conference that negotiations have narrowed to a binary choice between two options, the kind of setup that typically precedes a deal.
The Senate procedural vote remains on the calendar for September 15.
The remaining sticking point is an ethics provision tied to the President Donald Trump family’s crypto interests.
Senator Ruben Gallego (D-AZ) and Senator Thom Tillis (R-NC) sent a proposal to the White House on that front, but the administration has not yet publicly responded.
Why The Clarity Act Matters for These StocksPassage would establish clearer, more durable rules for how digital assets and trading platforms are regulated in the US, rules that would be harder for a future administration to reverse.
For companies like Coinbase and Bullish, it removes years of regulatory uncertainty that has weighed on valuations.
Trader notes: MSTR tests $105 resistance for the fourth time in 2 months after breaking above its 20-day and 50-day EMAs in a single session. Three prior attempts at $105 failed. A daily close above it opens a run toward the 100-day EMA near $122.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP’s increased network activity contrasts with weak price momentum as EX DeFi promotes cloud mining as an alternative way for holders to seek passive income.
Summary
XRP activity rises 24% as weak momentum pressures prices, prompting holders to explore passive income via cloud mining. XRP faces selling pressure near $1 as activity climbs, while investors seek passive returns through EX DeFi cloud mining. Rising XRP network activity contrasts with weak price action, driving interest in EX DeFi as a passive income option now. XRP’s price momentum has recently slowed, hovering around the $1 mark; however, a surge in network activity — specifically a more than 24% increase in active addresses — has helped bolster investor sentiment.
As traders continue to close out positions, XRP faces persistent selling pressure, keeping the asset’s price near recent lows.
With market momentum waning and short sellers gaining dominance due to XRP’s lackluster price performance, investors are increasingly seeking more sustainable ways to generate returns from their holdings without frequent trading or exposure to high market volatility.
Against this backdrop, the EX DeFi cloud mining platform offers XRP holders a new avenue to earn passive income without having to sell their digital assets. Whether someone is a novice or a seasoned investor, they can easily participate and earn up to $10,000 in passive income.
XRP active addresses jump 24.1% in 24 hours; network activity heats up According to the latest on-chain data, the number of active XRP addresses rose from 27,665 to 34,318 within a 24-hour period — an increase of approximately 6,653, or 24.1%. Despite this growth in daily active addresses, the price of XRP remained largely unaffected.
Daily active addresses on the XRP Ledger have recently surged to nearly 50,000 — a two-month high. Given the market’s focus on the divergence between price performance and network activity, XRP remains a key point of interest for investors.
How long until XRP returns to $2? After recently dipping below the $1 mark, XRP’s price has continued to fluctuate around this critical level, raising concerns among some holders regarding its future trajectory.
However, in contrast to the sluggish price action, XRP’s network activity remains robust. The rapid increase in active addresses indicates that, even amidst cautious investor sentiment, a significant number of users continue to actively engage with the XRP network. If network usage remains high and translates into actual demand, it could provide support for future price performance. For long-term XRP holders, rather than simply waiting for the price to rise above $2, an increasing number of investors are seeking more diversified ways to generate yield from their digital assets.
EX DeFi: Another yield-generating avenue for XRP investors Amidst heightened market volatility, more XRP investors are turning to EX DeFi. They aim to boost the returns on their XRP holdings by participating in diversified passive income streams through cloud mining.
Compared to high-volatility investment methods like leveraged trading, cloud mining offers XRP holders a way to participate that significantly reduces management costs associated with electricity and equipment maintenance. Users can easily earn passive income by selecting cloud mining contracts tailored to their needs, without the burden of purchasing mining hardware or covering maintenance expenses.
About EX DeFi Headquartered in the UK, EX DeFi operates in strict compliance with European regulatory frameworks such as MiCA and MiFID II, continuously enhancing its transparency, operational standards, and user protection mechanisms.
The platform employs a multi-layered security architecture, featuring:
Annual financial and security compliance audits by PwC. Digital asset custody insurance from Lloyd’s of London. Enterprise-grade network protection from Cloudflare and McAfee® security systems; Multi-layer encryption, AI-driven risk control, and 2FA authentication. The platform supports a wide range of mainstream digital assets — including XRP, BTC, ETH, USDT, BNB, USDC, DOGE, LTC, ADA, and SOL — offering users greater flexibility. Affiliate Program Rewards
EX DeFi offers an affiliate program that allows users to earn referral commissions of 3% + 2% (up to $50,000) by inviting friends, enabling them to generate passive income with zero initial investment.
How to earn passive income with XRP? 1. Register an Account
Sign up for a free account on the official EX DeFi website; new users receive a $17 trial bonus.
2. Deposit Cryptocurrency
Deposit XRP or other popular cryptocurrencies into an account (minimum deposit: $100).
3. Select a Mining Package
Choose a cloud mining contract that suits a particular budget and preferred duration, then start mining with a single click.
4. Start Earning Returns
Once the contract is activated, earnings are automatically settled every 24 hours. Users can choose to withdraw their earnings or continue investing at any time.
Click here to visit the official EX DeFi website and view more earning contracts.
Summary Although XRP’s price has recently hovered around the $1 mark, network activity has seen a significant rebound. This indicates that investor usage of XRP remains high, providing a level of support for future price appreciation.
In this volatile market, long-term XRP holders are increasingly focusing on generating stable cash flow via the EX DeFi cloud mining platform as an alternative to simply waiting for price increases.
Visit the EX DeFi cloud mining platform today and start easily earning $10,000 in passive income.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
