Bitcoin fell back below $83,000 on Monday amid elevated Treasury yields, a stronger dollar and uncertainty ahead of the U.S. midterm elections.
Notable Statistics:
Coinglass data shows 88,688 traders were liquidated in the past 24 hours for $302.44 million.
SoSoValue data shows net inflows of $21.13 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $56.1 million.
In the past 24 hours, top losers include Starknet, Cosmos Hub and Aptos.
Notable Developments:
Ripple Faces Criticism Over $250,000 Reward for Finding Critical XRP FlawEthereum, XRP Could Drop Another 10% Before Real Relief, Trader WarnsCan the Midterms Trigger a Bitcoin Rally? 3 Factors Suggest YesStandard Chartered Launches RLUSD Custody as XRP Ledger Activity SurgesPeter Schiff ‘Surprised’ by Bitcoin’s Resilience but Expects New LowsBitcoin Will Hit $1M ‘Much Quicker’ Than Anticipated, Binance Founder PredictsBitmine Buys 12,532 More ETH as Tom Lee’s Buying ‘Stop’ Draws CloserStrategy Adds 250 Bitcoin: Can MSTR Break Through $160?Trader Notes:
On Scott Melker’s podcast , industry veterans Andy Constan, Dave Weisberger and Mike McGlone highlighted Bitcoin’s repeated failure to break above $86,000 to $87,000, suggesting further consolidation before a potential rally.
McGlone warned that elevated Treasury yields and a strong dollar remain major headwinds for Bitcoin and other non-yielding assets.
Constan argued that Treasury Secretary Scott Bessent’s efforts to contain long-term yields through bond buybacks and reduced long-term debt issuance could boost asset prices but fuel inflation.
He expects Bitcoin to trade sideways rather than stage an immediate explosive 10x rally as it evolves into a reliable store of value.
The panel also cited prediction markets pricing a 61% chance of a Democratic sweep of Congress, warning that Republican losses could complicate Trump’s crypto agenda and increase political gridlock.
Image: Shutterstock
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The XRP Ledger has resolved a critical security vulnerability that posed a threat to its entire token supply, reassuring its community after concerns surfaced about the network’s stability. The flaw could have enabled attackers to generate vast amounts of unauthorized XRP, raising questions about the security mechanisms protecting the cryptocurrency’s fixed supply.
Technical details and scale of the vulnerabilityLevi, a financial expert and commentator, explained in a recent video that the vulnerability represented a significant risk to the integrity of the XRP Ledger. The issue stemmed from an integer overflow in the payment engine, which processes multiple trading offers via the network’s built-in decentralized exchange.
This flaw allowed for the possibility that, if exploited, an attacker could have created up to 18.45 trillion XRP in a single transaction. For context, the total capped supply of XRP stands at 100 billion tokens, meaning the exploit could have exceeded the maximum issuance more than 184 times over.
The vulnerability also affected a security mechanism designed to validate legitimate creation of XRP during transactions. Levi drew a parallel to the Federal Reserve printing trillions of dollars without checks or balance, illustrating the potential damage such an exploit could cause to user trust and market stability.
Mini dictionary: Integer overflow, a condition in computer science where an arithmetic operation attempts to create a numeric value outside the range that can be represented with a given number of digits, potentially leading to unpredictable behavior or vulnerabilities.
MetricMaximum IntendedPossible via ExploitXRP supply100 billion18.45 trillionHow the vulnerability was discovered and patchedAccording to Levi, developers responded quickly to the threat. The security issue was detected by Veria AI, a system developed by Veria Labs, on September 21, 2026. Researchers reported the finding through the XRP Ledger bug bounty program. An emergency update, xrpld version 3.4.1, was released on September 25 to address the flaw. The development team bypassed the usual amendment process to prevent potential exploits, as revealing details could have increased the risk of misuse.
The update also fixed a separate bug related to the ledger’s batch-processing system. Security engineers from RippleX verified that the exploit could create unauthorized XRP and confirmed that the fraudulent coins could be spent, further underscoring the seriousness of the vulnerability.
The XRPL Ripple team implemented a patch for the vulnerability and confirmed that there was no evidence the issue was ever exploited on public networks.
An official vulnerability disclosure report was published on October 9, offering a detailed account of the issue and the remediation process undertaken by the development team.
Community response and security outlookLevi addressed concerns from XRP holders regarding the safety of their investments. He stressed that discovering and promptly fixing such flaws does not indicate a failure of the system, but rather demonstrates the ongoing commitment of the developer community to maintaining and improving network security.
Levi noted that developers continually review the XRP Ledger code, identify weaknesses, and release improvements, reflecting how technology should evolve over time.
He emphasized that no evidence was found of any unauthorized XRP creation or exploitation of the identified vulnerability on any public ledger, reinforcing user confidence following the patch.
The episode highlights the importance of active security research, transparent disclosure, and rapid response within blockchain development teams.
For users and investors, the main takeaway remains that although the vulnerability could have been catastrophic if exploited, timely intervention preserved the integrity of the $XRP network and its token supply.
Standard Chartered, which has recently attracted attention with its analyses of various altcoins beyond Bitcoin and Ethereum, has made a move regarding Ripple.
According to The Block, Standard Chartered has launched institutional custody services for Ripple’s stablecoin RLUSD through its Dubai International Financial Centre branch.
Institutional Custody Service for RLUSD Launched! At this point, Standard Chartered announced that it was expanding its XRP Ledger-based stablecoin infrastructure by launching institutional custody services for RLUSD.
According to the statement, the service is provided through the bank’s Dubai International Financial Centre (DIFC) branch. DIFC allows eligible corporate clients to hold their digital assets in the bank’s custody infrastructure.
The bank also added that it is working with Ripple and LMAX Group to make RLUSD acceptable as collateral under its Collateral Mirroring model. According to the bank, another aspect of this work involves extending Standard Chartered’s existing Collateral Mirroring model to LMAX Group.
This model aims to allow assets to be held in a custodian institution while the corresponding balances can be used as collateral on the trading platform. This enables institutions to access liquidity and reduce counterparty risk without transferring their assets to trading platforms.
What Does This Mean for the Institutional Cryptocurrency Market? This development has the potential to expand RLUSD’s use in institutional custody, collateral, and transaction processes. The previously announced partnership between Ripple and LMAX Group also aims to increase the stablecoin’s use in institutional markets.
Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated: “RLUSD was developed specifically for these types of institutional use cases. Our clients want the efficiency of a regulated stablecoin without sacrificing the custody standards they already trust. Combining RLUSD on the XRP Ledger with Standard Chartered’s custody capabilities and LMAX Group’s institutional transaction infrastructure creates a practical way for institutions to use stablecoins in global markets.”
*This is not investment advice.
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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 XRP Ledger Foundation is facing strong criticism from the crypto community over the bounty paid for a critical security bug. Many users say the reward, reported at $250,000, is far too small for what was found. The bug allowed an attacker to create spendable XRP beyond the entire supply, according to the foundation's own disclosure report.
How it turnedo outThe fix, version 3.4.1, went out weeks ago. Public binaries were released on September 25. The foundation says no XRP was created. It points out that XRP's supply was fixed at one hundred billion at launch and that all ledger data is public. About 99.986 billion XRP exist today, because transaction fees are destroyed. It also says triggering the bug required hundreds of intentionally constructed operations, so ordinary payments should never encounter it.
XRP/USDT Chart by TradingViewCritics are not focused on the supply claim. They are angry about the payout. One person called the reward an absolute joke and warned that next time hackers will exploit first and ask for a bounty second. Another said the team deserves a bigger reward because the bug was catastrophic.
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A third said the foundation must pay bug finders well, or future hackers will consider the cheaper option instead. The sharpest comment said XRP is a scam if a decent bounty is not paid, and that the next flaw might not be disclosed responsibly.
Unsusual issuance pipelineNormally, changes to the ledger go through an amendment process, in which validators vote over a period of weeks. This time the team skipped that step and shipped an emergency fix, the first time in over ten years.
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The foundation says a public fix would have shown attackers where the bug was, and AI makes finding it fast. It says the network, RippleX, core developers, and validators agreed on the plan together.
Some users doubted the decentralization claims. One said a company they knew had trouble getting help to change a name within the ledger. Another asked why no safety stop exists if the supply goes above the cap. The foundation thanked Cayden Liao and Veria AI for reporting the bug responsibly. It also promised stronger testing and a larger bug bounty program. Whether this is enough to calm critics remains to be seen.
XRP treasury company Evernorth has tapped former Coinbase Asset Management co-chief investment officer Hugo Jeandesboz as its investment chief Monday ahead of its Nasdaq debut.
The announcement follows Friday's completion of Evernorth's SPAC merger with Armada Acquisition Corp. II. At closing, Evernorth reported holding 473 million XRP (XRP) worth roughly $672 million alongside $300 million in cash before transaction expenses.
The value of its XRP holdings places it just outside the 20 largest publicly traded corporate crypto holders, based on Bitcoin Treasuries data.
Dollar value of crypto holdings of publicly traded firms. Source: Bitcoin Treasuries. Jeandesboz will lead treasury allocation, liquidity management and actively manage Evernorth's XRP holdings, under founder and CEO Asheesh Birla. During his time at Coinbase, Jeandesboz led investment strategies for the exchange's institutional clients and was Coinbase's lead derivatives trader before that.
Evernorth wants to move beyond the buy-and-hold model of many traditional crypto treasury companies. It plans to deploy XRP through lending, providing liquidity and other yield strategies to boost its XRP-per-share metric.
"Capturing them takes someone who has priced risk on institutional desks in both traditional and digital asset markets," Birla said of opportunities he sees emerging in XRP lending and DeFi.
"We would rather be a participant in this transformation than a spectator of it," he wrote.
The listing follows whipsaw trading action in Armada II shares in the lead-up to the closing of the merger. The stock rose from around $10.68 over the past two weeks to as high as $53 on Oct. 2, before closing Friday at $17.09. Shares then climbed to $18.57 in after-hours trading.
Armada Acquisition Corp. II (XRPN) stock price chart. Source: TradingView.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A decade-old flaw in the Ripple XRP Ledger payment engine could theoretically have let attackers create spendable XRP beyond the network’s fixed 100 billion supply cap.
Ripple says the fix shipped in xrpld 3.4.1 on September 25, before public disclosure, and investigators found no evidence that the vulnerability was exploited on a public network or that unauthorized XRP was issued.
The recent XRP Ledger security fix raised a lot of questions and some misconceptions. Let's clear them up.
1. Was any XRP created?
No. XRP's supply was fixed at 100 billion when the XRP Ledger launched, and no transaction is allowed to create more. This bug was a way around…
— XRP Ledger Foundation (@XRPLF) October 11, 2026
That distinction matters: the bug threatened the ledger’s supply rules, but the available evidence does not show that XRP’s cap was actually breached.
J. Ayo Akinyele, RippleX’s senior director of engineering, said, “The bug had existed in the codebase for over a decade and could have allowed XRP to be created beyond its fixed supply.”
How Could a Payment Bug Threaten the Ripple XRP Supply?
The flaw sat in the payment engine, which calculates amounts when a transaction trades through offers on the XRP Ledger’s built-in exchange. Under specially constructed conditions, arithmetic could overflow: instead of returning the true total owed across the offers, the calculation could wrap around and produce a much smaller number.
That mismatch created the potential for sellers to receive more XRP than the buyer paid. The ledger’s supply limit was set when all 100 billion XRP were created at inception; unlike proof-of-work networks, validators don’t mine new XRP as they process transactions. A flaw that could make extra XRP spendable therefore struck at a basic monetary rule, not simply at an individual account.
RippleX said developers tested the patch and coordinated upgrades with operators before publicly disclosing it. The fix was included in xrpld 3.4.1, the server software that processes transactions and maintains ledger records. The XRP Ledger Foundation’s vulnerability disclosure report details the payment-engine overflow and its remediation.
That rapid software rollout is distinct from the ledger’s amendment process, which validators use to activate changes to protocol rules. Earlier XRPL amendment activation illustrates how validator support can determine when a protocol change takes effect; the supply-flaw fix instead took effect as servers upgraded to the patched release.
EXCLUSIVE: Earn $50 With EdgeX and Enter $300K Prize Draw
What Does the Incident Mean for XRP Holders?
Security remains our top priority for preserving trust in the XRP Ledger (XRPL). Sharing a few thoughts following yesterday's disclosure of the critical payments engine vulnerability reported by Veria AI.
First, this was a serious vulnerability, and we don't take that lightly.…
— J. Ayo Akinyele (@ja_akinyele) October 10, 2026
The documented risk was the possible creation of unauthorized, spendable XRP-not a confirmed loss of user funds. Investigators found no evidence of public-network exploitation, and the primary disclosure does not establish that funds were lost. The correct reading is a serious vulnerability that was patched, not a confirmed supply breach.
The bug’s age is still significant. A defect in a core payment path remained in the codebase for more than a decade, while a safety check intended to guard against XRP creation failed to catch the same arithmetic problem. In trading terms, the vulnerability exposed a blind spot in a rule that should have acted like a circuit breaker.
XRP-related security incidents can involve very different systems: a wallet or service compromise, for example, is not the same as a flaw in the ledger’s transaction rules, as the distinction around an XRP-related healthcare hack makes clear.
RippleX executive J. Ayo Akinyele outlined the response on X on October 10, after disclosure on Friday, October 9. Veria AI helped uncover the issue through the XRPL bug bounty program. Akinyele said, “AI is fundamentally changing how quickly vulnerabilities can be discovered.”
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Standard Chartered launched institutional custody of Ripple USD (RLUSD) on the XRP Ledger on October 12, giving the bank’s eligible clients a regulated way to hold Ripple’s dollar-backed stablecoin. The custody service is live through Standard Chartered’s DIFC branch in Dubai, supervised by the Dubai Financial Services Authority (DFSA). In parallel, the bank is working with Ripple and LMAX Group to let institutions use RLUSD as trading collateral without moving the tokens out of custody, according to the bank’s announcement. XRP, the XRP Ledger’s native asset, traded near $1.37 on the day of the news.
Standard Chartered’s RLUSD Custody Is Now Live The bank described the move as the next phase of a collaboration aimed at institutional adoption of RLUSD. Eligible clients can now access Standard Chartered’s digital asset custody infrastructure for RLUSD issued on the XRP Ledger, a public blockchain the bank said is built for fast, low-cost settlement. The service is offered through Standard Chartered Bank’s DIFC branch, which operates under DFSA supervision inside the Dubai International Financial Centre. Clients that already use the bank’s digital asset custody can hold RLUSD through the same infrastructure they use for other tokens.
Waqar Chaudry, Standard Chartered’s global head of digital assets, framed the launch around how institutions manage risk. “Institutional clients want to participate in digital asset markets without compromising on how their assets are safeguarded or how risk is managed,” Chaudry said. Jack McDonald, Ripple’s senior vice president of stablecoins, added that RLUSD “was built for exactly this kind of institutional use case.”
The LMAX Collateral Plan Is Not Live Yet The second part of the announcement — letting institutions pledge RLUSD as collateral on LMAX Group’s trading venues — has not launched. Standard Chartered intends to extend its “collateral mirroring” model to LMAX, so the value of eligible RLUSD collateral is reflected on the trading venue without the underlying tokens being transferred. The bank said the design is meant to reduce transfer-related operational risk, optimize counterparty exposure and improve capital efficiency, but the integration remains subject to final documentation, testing, applicable laws and internal approvals, with no launch date disclosed.
Luke Dorney, LMAX Group’s head of custody for digital assets, said adopting the collateral mirroring model gives clients “greater flexibility in how they hold and deploy RLUSD” while maintaining the custody and risk standards institutions expect. The plan builds on a partnership Ripple and LMAX announced in January 2026 to expand institutional use of the stablecoin.
Why the Launch Matters for Ripple and XRP The announcement extends Standard Chartered’s digital asset footprint, which already includes institutional Bitcoin and Ether spot trading in the UAE. A systemically important bank adding custody for RLUSD marks another step toward bank-grade infrastructure for Ripple’s stablecoin, which crossed the $1 billion market-cap mark within its first year of launch.
RLUSD is issued by Standard Custody & Trust Company, a Ripple subsidiary supervised by the New York Department of Financial Services, and is backed one-to-one by US dollar deposits, short-term Treasury bills and cash equivalents. Ripple positions the stablecoin, alongside XRP, as the foundation of its payments, custody and treasury products for financial institutions. The custody launch therefore matters less for the token’s short-term price than for the on-ramps it opens to regulated institutional capital.
The launch also fits a broader contest among banks to win institutional stablecoin custody and settlement business as regulators clarify the rules. Standard Chartered’s move puts it among the first global banks to offer custody for a major stablecoin issued on a public ledger, a segment where digital-asset-native custodians have so far led.
What Happens Next Standard Chartered said further details on the LMAX collateral integration will be announced as implementation progresses, and that the agreed capabilities depend on final documentation, successful testing and regulatory and internal approvals. Until then, the live custody service is the concrete, available change, while the collateral arrangement remains a forward-looking plan. The earlier UAE spot-trading rollout gives a sense of how the bank has sequenced its crypto launches, starting with custody and execution before layering on collateral services.
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Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
Ripple-backed Evernorth is set to begin trading on Nasdaq today under XRPN, holding approximately 473 million XRP. The company completed its merger with Armada on October 9, ahead of the planned stock market debut.
Evernorth Schedules XRPN Trading Following Armada Merger Today, October 12, the Evernorth shares are set to begin trading on its Global Market. Nasdaq’s official notice identified XRPN to the company’s Class A shares and XRPNW to its warrants.
Armada Acquisition Corp. II was the merger partner and was sponsored by Arrington XRP Capital Fund. The exchange will suspend trading in Armada’s former shares and warrants, while the combined entity’s securities will begin trading in their place. The transaction is not an initial public offering, but rather proceeds through a special purpose acquisition company merger.
Meanwhile, An October 6 SEC filing moved the intended listing date from October 8. However, Evernorth attributed the delay to administrative matters and said it did not expect any changes to affect the merger’s outcome.
Meanwhile, the company confirmed that the business combination closed on October 9, ahead of its scheduled share debut.
Evernorth Enters Public Markets Holding 473 Million XRP Evernorth reported an approximate 473 million XRP holdings and gross cash proceeds of approximately $300 million. The cash amount doesn’t factor in transaction costs and is not the same as the cryptocurrencies the company holds.
The company listed its investors as Ripple, SBI Group, Pantera Capital, Kraken, GSR and Arrington Capital. Evernorth describes itself as the largest publicly traded business devoted entirely to managing an XRP treasury.
The Board of Directors of Armada approved the transaction at its meeting held on September 30. Previously, the shareholder vote coverage reported around 94% support.
An October 9 SEC filing showed that investors redeemed 18.46 million Armada shares for approximately $195.39 million. The redemption represented 80.3% of the shares eligible for cash.
XRP Treasury Company Outlines Plans After Nasdaq Listing Asheesh Birla, CEO and founder of Evernorth, called the company’s business an “actively managed XRP treasury.” He plans to support XRP infrastructure and pursue strategies intended to increase XRP holdings per share.
The company’s plans cover institutional lending, decentralized finance yield strategies and investments in XRP-related services. The announcement named tokenized assets, on-chain credit markets and settlement infrastructure among its investment areas.
However, evernorth shares are shares of the business and not the underlying tokens of XRP. According to the SEC filing, the public warrants from the company have an $11.50 exercise price. Additionally, the notice from Nasdaq sets the expiration date of the warrants as Oct. 7, 2031.
As per the terms of the merger, the Evernorth shareholders will receive one share for every Armada share they currently hold. Furthermore, Evernorth is expecting to be present at the closing bell ceremony to welcome executives, investors and XRP community members at the Nasdaq on October 14.
Crypto holders remain vigilant against the persistent threat of hacks and scams. Dom Kwok, cofounder of EasyA, recently laid out several actionable steps to help users improve the security of their digital assets and limit incidents of wallet compromise.
Kwok’s Security Checklist for InvestorsKwok posted a comprehensive set of recommendations for cryptocurrency investors seeking to protect their funds. He highlighted the use of hardware wallets, emphasizing the need to buy such devices directly from the manufacturer and avoid unverified third-party sellers.
He also encouraged users to safeguard their wallet seed phrases by keeping them offline—preferably written on paper—rather than stored in any online or cloud-based environment. This approach, Kwok stated, greatly reduces the risk of remote theft.
In addition, he advised investors to conduct a test transaction before moving larger sums, ensuring the recipient address is double-checked on the hardware device before any approval. Verifying transaction details independently was described as an essential precaution.
For wallet access and transaction approval, Kwok warned against signing off on transactions that are not fully understood. He recommended refusing all unexplained signature requests and ignoring unsolicited offers of assistance, which may be attempts by bad actors to compromise security.
Kwok explained that “keeping your seed phrase offline, always verifying the recipient on a hardware device, and refusing to sign any transaction you can’t interpret significantly strengthens your defense against theft.”
Recognizing that victims may seek support, Kwok urged caution when contacting supposed recovery services; some may be fronts for scams targeting those who have already experienced losses.
Concerns from D’CENT Wallet UsersDespite Kwok’s focus on best practices, members of the crypto community expressed skepticism over whether these measures could fully eliminate the risk of asset loss. A user named WWJD highlighted that some investors claim to have followed these recommendations yet still suffered thefts involving D’CENT hardware wallets.
WWJD stressed the importance of protecting seed phrases but raised the unresolved issue of unauthorized activity on wallets believed to be secure. The commenter urged Kwok to help draw attention to these cases and questioned what investigations or accountability measures are being pursued.
This feedback reflected frustration among affected users who believe standard advice may not address every situation. There is no conclusive evidence linking D’CENT wallets to a specific vulnerability, but the concerns have prompted ongoing discussion within the community.
Mini dictionary: D’CENT is a brand of hardware wallets designed for securely storing cryptocurrencies through offline, device-based key management.
Xaman Wallet Discussed as an AlternativeThe conversation expanded as another user, theUpside, inquired about using Xaman to store XRP. Thomas Toisgros replied that Xaman operates as a self-custodial wallet built specifically for the XRP Ledger and Xahau network.
Toisgros clarified that Xaman allows users’ private keys to remain encrypted on their own devices. He underscored that XRPL Labs, the entity behind Xaman, does not have access to user keys, and all transaction signings occur locally, preserving user control.
This exchange highlighted the broader importance of understanding how each wallet manages private keys and transaction authorizations. For many investors, evaluating these technical features is central to making informed choices about where to store digital assets.
The response emphasized that Xaman “stores private keys only on your device and signs transactions locally, so no outside party—including the wallet provider—has access to your assets.”
Overall, Kwok continued to encourage users to follow proactive protection steps, while ongoing reports from the community reflect a broader debate over wallet security and accountability within the crypto sector.
Standard Chartered Dubai has launched custody services for Ripple’s USD stablecoin RLUSD for eligible institutional clients, supporting RLUSD issued on the XRP Ledger. The bank also plans to collaborate with Ripple and institutional trading platform LMAX Group, allowing clients to use RLUSD held with Standard Chartered as collateral for trades on LMAX’s platform, without transferring the stablecoin to the trading venue. Standard Chartered noted that the collateral arrangement has not yet gone live, as it still needs to complete document signing, testing, regulatory compliance, and internal approvals. This model separates asset custody from trade execution, enabling institutional clients to hold stablecoins with the bank while using them as trading collateral. In January this year, Ripple provided LMAX with $150 million in financing to integrate RLUSD into its institutional trading infrastructure. If the partnership is implemented, it will further expand RLUSD’s applications in institutional trading collateral scenarios. Additionally, Standard Chartered has been expanding its digital asset custody business, and last week announced plans to offer custody services for select cryptocurrencies, stablecoins, and tokenized real-world assets to institutional clients in Singapore.
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Standard Chartered launched RLUSD custody in Dubai, and Evernorth (XRPN) debuts on Nasdaq with 473M XRP.
This week: US CPI is due Oct 14, PPI and jobless data Oct 15, and Fed Chair Warsh speaks Oct 16.
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Morning trading on Monday, October 12, 2026, opened with price consolidation for the cryptocurrency market. Bitcoin recovered to $83,340 after Friday's drop to $81,000, keeping the market capitalization in the range of $2.82–2.90 trillion. Trading volume during the European session was a moderate $52–58 billion ahead of the opening of the American trading venues.
The rebound from the lows triggered a wave of forced closures of short positions. According to Coinglass, the daily volume of liquidations on exchanges totaled $229.43 million, of which 65.3% ($149.84 million) fell on sellers.
While ETF inflows have paused, Strategy purchased another 250 Bitcoins, increasing its balance to 848,250 coins.
Cryptocurrency heat map capturing Bitcoin consolidation at $83,340 and market-wide recovery on October 12, 2026, Source: CoinMarketCapThis is consistent with the overall on-chain trend: over the last 12 months, investors moved more than 710,000 Bitcoins (about $59.5 billion) from exchanges to cold wallets.
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The main trigger of the morning was an infrastructure launch: Standard Chartered opened a custody service for the Ripple USD (RLUSD) stablecoin on the XRP Ledger network through its Dubai branch.
At the same time, trading in shares of Evernorth, which operates as a public XRP treasury, began on Nasdaq under the ticker XRPN.
Custody worth billions and an ex-director of Coinbase at the helm. A new stage for the XRP ecosystemStandard Chartered's custody service, launched jointly with LMAX Group, uses a collateral mirroring model. Institutional clients can use the RLUSD stablecoin for margin trading without directly transferring the asset to an exchange, which eliminates the operational costs of cross-border transfers.
This launch completes the banking giant's multi-year transition from early blockchain experiments to full-fledged industrial infrastructure. The companies' relationship dates back to 2015, when Standard Chartered conducted its first distributed ledger tests in trade finance and entered Ripple's capital, investing $55 million in the Series B round.
Since then, the partnership has evolved from RippleNet's commercial cross-border corridors, where the XRP token was not yet used, to venture financing of the market maker Keyrock and the integration of the bank's custody arm Zodia with Metaco infrastructure.
Total distributed RWA value on XRP Ledger as of October 12, 2026, showing RLUSD supply at $1.1B, Source: RWA.xyzThe current step takes the XRP Ledger ecosystem to a new level of tokenization. According to current data from rwa.xyz:
The total value of represented assets on XRPL is $4.47 billion.
The RWA sector volume is recorded at $496.45 million.
Stablecoin capitalization on the network stands at $1.18 billion.
The thirty-day volume of tokenized asset transfers grew by 1,456.8%, reaching $7.03 billion. The largest product remains the Ondo Short-Term US Government Bond Fund with a balance of $185.11 million.
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In parallel, RippleX and the XRP Ledger Foundation closed a critical bug in the payment engine that had existed since 2015. The vulnerability, discovered by the Veria AI team, led to a 64-bit number overflow during the execution of an order chain, allowing XRP to be purchased for pennies through the automatic generation of the difference by the ledger code.
The fix was released in rippled 3.4.1; an on-chain audit confirmed that the vulnerability was never exploited on the public network.
Against this backdrop, Class A shares of Evernorth (XRPN) and its warrants (XRPNW) debuted on Nasdaq after the merger with the SPAC Armada. The treasury fund holds 473 million XRP (about $672 million) and $300 million in cash on its balance sheet.
Evernorth's new chief investment officer Hugo Zhandeboz (formerly co-CIO of Coinbase Asset Management) announced that XRP reserves will be directed into credit derivatives strategies and liquidity pools in DeFi to increase yield per share. The institutions SBI and Arrington control 39.9% and 19.9% of the shares, respectively. A 6-month lock-up has been set for Ripple.
Binance checks and farewell to mining. What else happened on the crypto market this morningWallets linked to the Ethereum Foundation resumed selling, transferring 4,393 ETH (about $11.13 million) to the Kraken exchange. The addresses received these funds 10 years ago in the genesis distribution and have gradually cashed out 49,751 ETH on Kraken at an average historical price of $658.
The US Department of Justice has launched a review of Binance for compliance with the terms of the 2023 global settlement, under which the exchange paid $4.3 billion. Investigators are examining transactions through Hong Kong companies that may be linked to sanctions evasion. The agency has not brought any new formal charges, and Binance stated that it fully complies with sanctions compliance requirements.
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The mining infrastructure of the previous cycle continues to be repurposed for artificial intelligence. The Dutch investment company SWI Group raised 800 million euros from institutional investors at a business valuation of 6.1 billion euros. The capital will go toward modernizing the data centers of the miner Genesis Digital Assets (formerly owned by Alameda Research).
SWI CEO Max-Hervé George told the WSJ that the holding is completely ceasing Bitcoin mining, shifting all capacity to serving AI computing.
In other news, as part of the regulatory track, the CFTC is preparing federal rules for retail margin trading of crypto products, and Dubai's VARA regulator has issued Kraken operational approval to launch trading in pairs with the dirham (AED).
At last but not least, Microsoft co-founder Bill Gates warned in an interview with CNN about a rise in AI cyberattacks over the next 12 months due to hackers removing protective filters from commercial language models.
Bitcoin near the 60% mark. What the market should prepare for this weekThe technical picture points to market stabilization after the unloading of margin positions. Price movement is sideways, without pronounced speculative skews. The Bitcoin dominance index is near the 60% mark, concentrating capital in systemic assets ahead of the release of macroeconomic statistics from the US.
Key factors and triggers of the current week:
October 12–17: Annual meeting of the IMF and the World Bank in Washington.
Wednesday, October 14 (15:30 UTC): US Consumer Price Index (CPI) for September — the Fed's benchmark for the interest rate.
Wednesday, October 14 (21:00 UTC): Publication of the Fed's economic review, the "Beige Book."
Thursday, October 15 (15:30 UTC): Release of the Producer Price Index (PPI) and US unemployment data.
Friday, October 16 (06:30 UTC): Speech by Fed Chair Kevin Warsh.
Strong Dollar, Higher Rates, Bitcoin Up 29% “Bitcoin is still up 29% since 12 June, a gain these three markets largely do not explain, which points to demand specific to Bitcoin.” – By @Crazzyblockk Complete breakdown ⤵️ https://t.co/v96zpISKKW https://t.co/LWVhsnERVw
— CryptoQuant.com (@cryptoquant_com) October 12, 2026 Bitcoin (BTC): trading at $83,340 (+0.31%) with dominance of 59.38%. Support has formed at $82,000, and MicroStrategy's purchases create a solid price floor for the current consolidation.
Ethereum (ETH): recovered to $2,544 (+1.58%) with dominance of 11.02%. The token holds above the $2,500 support, where spot pressure from the Ethereum Foundation was fully offset by the closing of $54.84 million in shorts. The nearest resistance is $2,620.
XRP and altcoins: XRP holds the $1.3980 level (+0.29%) with a market share of 3.13%. The Evernorth listing and the launch of Standard Chartered's custody fully neutralized the technological risks of the closed bug. Solana (SOL) recovered to $110.94 (+1.22%), and BNB holds the $749.37 mark (+0.08%), showing a neutral reaction to the Department of Justice review.
Ripple-backed Evernorth is making its Nasdaq debut today under the ticker XRPN, bringing 473 million XRP into a publicly traded company. Backed by more than $1 billion in funding, the listing gives investors a new way to gain exposure to XRP through the stock market.
Will this listing push XRP price higher as its trade near $1.40?
Evernorth XRPN Listing Goes Live TodayEvernorth has finalized its business combination with SPAC Armada Acquisition Corp. II, clearing the way for its Nasdaq debut. The company also raised around $300 million in cash as part of the transaction.
1/4 Public markets, meet the XRP Ledger. Evernorth has completed its business combination with Armada Acquisition Corp. II. On Monday, our common stock is expected to begin trading on Nasdaq under the ticker $XRPN.
Not investment advice or an offer of securities. Contains… pic.twitter.com/eGcxtA4AxT
— evernorthxrp (@evernorthxrp) October 9, 2026 Shares are expected to begin trading under the ticker XRPN today, on 12 October 2026. Evernorth had initially planned to list on October 8, but administrative issues delayed the closing process.
With approximately 473 million XRP in its treasury, Evernorth aims to become the largest publicly traded XRP treasury company.
How Evernorth Plans to Use Its 473 Million XRPEvernorth said that 473 million XRP now sits inside a publicly traded company focused on putting that capital to work across the XRP economy.
The company plans to invest in use cases that expand XRP’s utility and pursue strategies intended to increase the amount of XRP held per share over time. It will also report its activities to shareholders under the governance and disclosure requirements that come with a Nasdaq listing.
Evernorth plans to ring the Nasdaq closing bell on October 14, two days after its scheduled debut.
How to Trade Evernorth (XRPN) on NasdaqXRPN trades like a regular stock, so you do not need a crypto exchange account or a digital wallet.
Step 1: Choose a Brokerage: Log in to a brokerage account that supports Nasdaq trading.
Step 2: Search for XRPN: Enter the ticker symbol XRPN in your broker’s trading platform.
Step 3: Choose an Order Type: A market order buys or sells at the best available price. A limit order lets you set the price you are willing to pay or accept. Limit orders can help you manage sudden price swings.
Step 4: Place Your Order: Review your order details and confirm the trade. Check the stock’s price and trading volume, especially when trading begins, as prices can change quickly.
Will Today’s XRPN Listing Push XRP Higher?Evernorth’s Nasdaq debut comes as XRP faces price pressure. The token has fallen around 7.3% over the past week and is trading near $1.40, while selling pressure remains around the $1.60 resistance level.
However, U.S. spot XRP ETFs recorded $11.31 million in net inflows between October 5 and 9. Bitwise led the weekly inflows with $10.55 million.
Evernorth’s listing could increase institutional access to XRP-related investments. The impact will depend on investor demand and on how the company deploys its holdings.
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Ripple-backed XRP treasury company Evernorth is approaching a major milestone as its Class A common stock prepares to trade on Nasdaq under the ticker XRPN.
Hussein Zangana (Vet), director of community at the XRP Ledger Foundation, highlighted this milestone in a recent X post.
"Today is Evernorth day," Vet posted, noting that trading was expected to begin in about an hour at the time of the post. Vet pointed out that the listing concerns Evernorth itself, rather than the special purpose acquisition company (SPAC) previously associated with the transaction.
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Today is Evernorth day.
In about an hour, the Evernorth company itself (not the SPAC) begins trading under XRPN.
Will be first time a major company focused on participating on the XRP Ledger (yield strategies, liquidity and XRPL infra) is trading on the stock market.
— Vet (@Vet_X0) October 12, 2026
"In about an hour, the Evernorth company itself (not the SPAC) begins trading under XRPN," Vet wrote. He added that this will be the first time a major company focused on participating in the XRP Ledger (yield strategies, liquidity, and XRPL infrastructure) is trading on the stock market.
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Evernorth was earlier expected to close on October 7, 2026, with trading on Nasdaq under the ticker "XRPN" expected to begin on October 8, 2026, but this was shifted due to an administrative delay.
On October 9, Evernorth announced it had completed its business combination with Armada Acquisition Corp, with XRPN expected to begin trading on Nasdaq on Monday, October 12, subject to Nasdaq listing requirements.
473 Million XRP Meets Public MarketsEvernorth's journey to going public began when Armada II shareholders approved the business combination at the extraordinary general meeting on September 30, 2026.
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Formed through a business combination between Evernorth and Armada II, Evernorth, following its closing, will be a publicly traded digital asset treasury that provides investors with exposure to XRP. The company also intends to pursue strategies aimed at growing its XRP per share over time through yield strategies, ecosystem participation, and capital markets activities.
With the recent milestone, Evernorth becomes the largest publicly traded pure-play XRP treasury company, with about 473 million XRP.
To celebrate its first week as a public company with the community that has been ringside since the first bell, the final chapter of Bear Champ XRPL and Evernorth will premiere in Times Square, New York, on October 14 at around 4 p.m. ET, according to an X post by the official Evernorth social media account.
The XRPL AI Hub has reported an unprecedented surge in activity from artificial intelligence agents operating on the XRP Ledger. In October, these AI agents processed a total of 13,909,096 transactions across 196 separate merchants on the XRP native chain, with settlements occurring in both XRP and RLUSD.
AI transaction volumes outpace value growthDespite this significant milestone in transaction count, the value of XRP AI agent-driven transactions remains on the lower end. While data shows rapid growth in the number of transactions, most are micro payments and do not represent large sums.
The spike in activity traces back to late September and the beginning of October, but overall transaction values have recently decreased for several reasons. One factor is the anticipation within the XRPL community for a mainnet upgrade scheduled for next week, leading to some node validators going offline temporarily.
Additionally, ongoing volatility in crypto markets has impacted activity. Over the past month, the global market capitalization fell by more than $130 billion, with market sentiment remaining fearful for three consecutive weeks, according to CoinGecko. The last instance of widespread investor optimism, described as “greed mode,” was observed on September 21, 2026.
x402 upgrade and AI agent functionalityThese market conditions tend to affect retail traders more than AI-driven agentic models working directly on-chain. The x402 upgrade, introduced earlier this year, paved the way for agentic payments, enabling autonomous software to purchase digital services without requiring human approval for every transaction.
AI agents can now pay for API access, computational resources, and inference processes using XRP or RLUSD as settlement currencies. The current market fear allows more developers to experiment with AI-driven micro transactions through decentralized applications, though these transactions represent only a fraction of trading volume.
The overall impact of AI agent transactions on trading volumes and XRP’s market capitalization is not immediate. Major change is anticipated if these agents begin regularly transacting for corporate clients through authorized, real-time payments.
RippleX, the development arm supporting the XRP Ledger, focuses on advancing these functionalities.
Mini dictionary: RLUSD, a stablecoin issued on the XRP Ledger, is designed to provide predictable pricing when using digital services and settling transactions in decentralized environments.
J. Ayo Akinyele, the head of engineering at RippleX, previously estimated that transactions conducted by AI agents have risen to constitute one quarter of total activity on the XRP Ledger.
XRP, the native coin for the ledger, facilitates value transfer, while RLUSD is used for pricing stability and settlement in services ranging from autonomous payments to wallet integrations. Ripple’s rollout of the XRPL AI Starter Kit in June 2026 aims to help developers access new tools for building dApps focused on automated transactions and crypto payment services.
RippleX’s engineering lead noted that AI agentic transactions now account for roughly a quarter of all activity on the XRP Ledger, highlighting the growing role of automated payments on the network.
Integration of AI agents and specialized protocols is expected to play an increasingly central role in the evolution of decentralized transaction processes on XRPL, with the market watching upcoming upgrades closely.
The XRP Foundation released version 3.4.1 to address a recently discovered bug, deploying the new code weeks ago and making public binaries available on September 25. Foundation representatives stated that the bug did not result in the creation of new XRP and reiterated that the total token supply has remained at one hundred billion since launch. All ledger data remains publicly accessible, and current figures show about 99.986 billion XRP exist due to systematic destruction of tokens through transaction fees.
Controversy over bug bounty payoutAlthough critics did not dispute supply data, many took issue with the size of the reward offered for reporting the bug. Some participants in the discussion described the payout as an inadequate response, with one community member warning that “next time hackers will exploit first and ask for a bounty second.” Others argued that the XRP Foundation should have provided a much larger reward, given the potential severity of the flaw.
One user claimed the bug was catastrophic in its implications, emphasizing the importance of incentivizing responsible disclosure. Another observer commented that by not adequately rewarding bug finders, the foundation risked making malicious alternatives more attractive to skilled hackers. Criticism intensified with one participant stating that “XRP is a scam if a decent bounty is not paid,” warning that undisclosed bugs could pose greater threats in the future.
Another observer argued that a failure to offer a reasonable reward for critical bug discovery could push skilled researchers toward malicious alternatives rather than responsible disclosure.
Emergency response and decentralization debateOrdinarily, major changes to the XRP ledger follow an amendment process that requires validator votes over multiple weeks. In response to this issue, however, the technical team bypassed standard protocol and delivered an emergency fix, marking the first such instance in over a decade.
Foundation officials explained that a publicly disclosed fix would have provided attackers with clues, especially given the speed at which AI tools can analyze code. They further stated that the emergency process was agreed upon jointly with RippleX, core developers, and network validators to protect the ecosystem.
Amid continued debate, some community members questioned the foundation’s claims of decentralization. One user cited a situation in which a company struggled to initiate a simple ledger update, while others asked why no safeguard exists to prevent accidental increases in supply beyond the cap.
Commitment to transparency and stronger securityThe foundation formally thanked researchers Cayden Liao and Veria AI for their responsible disclosure. As part of its response, the organization pledged to increase its bug bounty program and strengthen testing protocols to address vulnerabilities more proactively.
Foundation representatives stated that triggering the bug demanded hundreds of intentionally constructed operations, making it unlikely that normal transactions would encounter it.
In rapidly evolving crypto markets, robust monitoring of trends and timely responses to vulnerabilities are essential for maintaining trust. Within the meme token segment, even a modest initial outlay can generate significant returns if timed correctly. In one example, data from Fomo App highlighted that a $99 trade in “Niu Lai” quickly turned into approximately $370,000. Tracking not only price action but also timing and token selection is increasingly critical. Fomo App’s integrated platform, which features token discovery, investor rankings, and trade notifications, aims to support users in this high-volatility sector.
Whether these reassurances will satisfy critics of the XRP Foundation’s current approach to security and governance remains to be seen, as community discussion continues.
James Rule XRP, a prominent cryptocurrency educator, has raised the alarm regarding the risks of losing wallet recovery phrases, warning that many digital asset holders underestimate the threat these phrases pose when exposed to scammers.
Recovery phrase: Your direct access to crypto fundsA recovery phrase, consisting of 12 or 24 unique words created during wallet setup, acts as the master key to all assets linked to that wallet. Unlike a standard password, it enables wallet restoration on any compatible device and cannot be changed or reset if compromised.
James Rule XRP emphasized that anyone with access to this recovery phrase can assume full control over the funds, regardless of the wallet owner’s location. Digital asset holders often secure their passwords but may neglect the higher risk associated with their recovery phrases.
Your wallet’s recovery phrase, whether it contains 12 or 24 words, represents your crypto. If someone obtains these words, they can instantly transfer every coin you have, from anywhere in the world.
He outlined that protecting the recovery phrase is more critical than safeguarding any single password or pin code used in crypto platforms.
Mini dictionary: James Rule XRP — An independent cryptocurrency educator widely known for raising awareness of blockchain security and providing guidance to new crypto users on social media platforms.
Popular tactics used by scammersScammers deploy a wide range of tactics to obtain recovery phrases from unsuspecting users. According to James Rule XRP, fraudsters often contact individuals who publicly mention wallet issues, posing as customer support representatives or exchange employees. They commonly send messages instructing users to “migrate” or “verify” their wallets, often linking to counterfeit websites or pop-up forms.
Other methods include fake airdrop offers, direct phone calls that impersonate legitimate exchanges, and distributing physical hardware wallets with pre-entered recovery phrases. These schemes aim to convince victims to disclose their recovery phrase directly or through deceptive prompts.
Once scammers secure a victim’s phrase, they can quickly reconstruct the wallet and transfer all cryptocurrency to their own addresses within minutes.
Blockchain transactions are finalBlockchain’s irreversible transaction structure makes fund recovery nearly impossible after phrase theft. There is no central authority or financial institution to reverse fraudulent transfers, and stolen assets are usually dispersed to multiple wallet addresses rapidly.
Victims who lose their funds are often approached again by criminals offering to “help recover” their assets, but these so-called recovery services are typically further attempts to exploit those already affected.
Prevention and safe storage practicesJames Rule XRP urged users never to share a recovery phrase under any circumstances. Official support staff from legitimate cryptocurrency platforms never ask for such information. He strongly advised against typing the phrase into websites, online forms, or chats and warned that storing recovery phrases digitally—via email, cloud storage, or photographs—significantly increases the risk of theft.
For optimum security, Rule recommended writing the phrase on paper or engraving it on a metal plaque, storing it entirely offline in a secure location.
Anyone requesting your recovery phrase is attempting to steal your funds. You should only keep your phrase offline and never share it, regardless of the circumstances presented.
Pi Network price hovered near $0.0819 on Monday, ahead of this week’s scheduled Protocol 28 Mainnet upgrade.
Bitcoin price trades around $83,400, while Ethereum holds near $2,556 and XRP fluctuates around $1.40.
The crypto market is up 0.85% to $2.83T in 24h. Attention now turns to the upgrade, with traders watching whether renewed market momentum can push PI decisively above $0.10.
Protocol 28 Node Upgrade Deadline Is October 13
Pi Network has moved its Testnet to Protocol 28 after completing the Protocol 27 upgrade on Mainnet. The Pi Core Team confirmed the transition as part of its continuing protocol updates throughout 2026.
All node operators must install the required software upgrade by October 13, 2026, the team said. Mainnet activation is scheduled for October 16, giving operators three days between the deadline and the network transition. If the deadline is missed, old nodes may not be able to communicate with the upgraded network.
Following the successful completion of the Protocol 27 upgrade on Pi Mainnet, Pi Testnet has upgraded to Protocol 28.
Protocol 28 improves how the network handles delays in transaction data and enables developers to upgrade groups of smart contracts at once and change stored data more safely as their applications develop.
All Node operators must upgrade their nodes to Protocol 28 by October 13, 2026, in preparation for the Mainnet Protocol 28 network upgrade on October 16, 2026.
— Pi Network (@PiCoreTeam) September 25, 2026
It will be followed by a few weeks of testnet testing and a Mainnet switch, as was the practice with the previous upgrades. This process enables changes to be assessed prior to the live network.
Regular PI holders do not need to take action for this protocol upgrade. Protocol 28 improves handling of delayed transaction data and supports coordinated upgrades across groups of smart contracts. It also gives developers safer methods for changing stored application data as their products evolve.
Pi Network Explores Stablecoins Through Open Standard Partnership
On October 8, Pi Network outlined its approach to stablecoins and explained its partnership with Open Standard. The company powers Open USD, or OUSD, which Pi plans to explore for rewards and broader ecosystem utility.
The team said stablecoins could help businesses manage payments, accounting, and settlement when predictable values are necessary. PI would retain its role as the network’s primary cryptocurrency, while stablecoins would support specific uses.
Pi Network is partnering with @openstandard, the company powering Open USD (OUSD), a partner-governed stablecoin designed as open infrastructure!
Open Standard brings together more than 200+ partners across payments, finance, technology, and crypto, including Visa, Google, and Stripe.
OUSD is designed with an incentive model focused on supporting ecosystem growth, and Pi will explore rewards programs for Pioneers and broader utility across the Pi ecosystem.
Look forward to more details about this partnership.
— Pi Network (@PiCoreTeam) September 30, 2026
The update provides principles for future integration, the specific details of which are still being developed throughout the ecosystem. The design of future stablecoin services will also be affected by compliance concerns.
Pi Network Price Prediction This Week: Will Pi Reclaim $0.10?
The 4-hour chart indicates that RSI is at 40 which is less than the neutral level of 50. Indicating weak momentum in that reading; however, PI is still above the 30 level that usually signals to traders that it’s oversold.
The MACD is below its -0.001479 signal line at -0.002121, suggesting upward momentum still has yet to turn.
Pi Network price has support at $0.0807, which is still significant, with $0.0784 as a potential risk zone based on these readings.
On the upside, resistance sits near $0.0877, followed by $0.0900 and $0.0930 for the future Pi coin outlook.
Source: PI/USDT 4-hour chart: TradingView
A breakout above those levels would represent a $0.10 test and is needed for about a 22% gain from today’s price. A breakout could subsequently find $0.1098, and higher volumes would be required to support this move. The upgrade might be noticed, but the momentum indicators are still providing weak signs of recovery.
Financial institutions and corporations continue to face costly and slow international payment systems. Global policymakers have now established concrete targets and deadlines to accelerate improvements in cross-border transfers.
G20 steps up commitment to cross-border payment reformsA participant in a SibosTV panel highlighted ongoing challenges in cross-border payments, including high transaction costs, limited access, sluggish processing, and a lack of transparency. She emphasized that pinpointing root causes has been key to developing solutions.
She indicated that G20 involvement has strengthened political support and driven progress among institutions working to modernize international payment systems. The G20, a group representing major economies worldwide, is leading initiatives to set measurable improvement goals for the financial industry.
“Sending money between countries is still too slow. The issues being discussed are problems that have persisted for years in cross-border payments,” wrote analyst X Finance Bull, pointing to the relevance of Ripple and Stellar networks.
FSB establishes deadlines to lower costs and speed up transfersThe Financial Stability Board (FSB), an international organization overseeing global financial systems, has set milestone deadlines for cross-border payment reform. By the end of 2027, at least 75% of international payments must reach recipients in under one hour. In addition, the average retail payment cost should drop to at most 1% by the same year.
By 2030, the FSB targets a further reduction in remittance expenses, expecting the average global cost to send a $200 remittance to fall to 3% or less. These benchmarks require banks and payment firms to expedite improvements in speed, affordability, and accessibility.
ObjectiveTargetDeadline75% of cross-border payments delivered within 1 hourDeadlineEnd of 2027Average retail payment cost ≤ 1%DeadlineEnd of 2027Remittance cost for $200 ≤ 3%TargetBy 2030XRP Ledger and Stellar as established solutions for global paymentsAnalyst X Finance Bull has linked these international goals to the current capabilities of XRP Ledger and the Stellar network. Both networks support rapid and low-cost asset transfers, making them suitable for addressing inefficiencies in cross-border payments. Several companies are already leveraging these technologies for instant settlement and remittance.
Ripple, a US-based blockchain firm specializing in enterprise payments, and Bitso, a major crypto exchange in Latin America, have expanded their partnership for stablecoin settlements across the US-Mexico payment corridor. Ripple’s Bitso case study highlights the use of XRP as a settlement asset in cross-border flows.
In South Korea, Jeonbuk Bank pioneered the deployment of Ripple Payments for outbound remittances. Meanwhile, Ripple has secured regulatory approvals in countries such as the United Kingdom, Luxembourg, and Australia.
Stellar, an open-source payments network, has expanded its cross-border presence with projects like MoneyGram Ramps, which links USDC stablecoin transfers on Stellar to cash-out points in over 170 countries. Financial platform BVNK integrated Stellar into its payments platform in September 2026 and reported an annualized processing volume of $39 billion.
Mini dictionary: Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system to ensure stability and coordination across jurisdictions.
Liquidity and adoption rates remain crucial for successX Finance Bull observed that as payment platforms expand into more global corridors, access to liquidity will become increasingly vital to efficiently facilitate transactions across currencies. This demand is expected to create additional opportunities for digital assets that serve as bridges between payment systems.
X Finance Bull noted, increased adoption and transaction levels in XRP and XLM networks may lead to greater liquidity requirements, but asset performance will depend on real usage and market demand, not volume alone.
In particular, Stellar’s path payments feature allows senders to pay in one currency while recipients get another, with seamless conversion handled by the network. With the proliferation of stablecoins and tokenized assets, this interoperability could significantly improve user experience and drive growth in cross-border payments.
The G20’s reform agenda will run through at least 2030. The extent to which XRP Ledger and Stellar can attract institutional partners and foster payment-related liquidity will determine their impact on making global payments faster, more affordable, and broadly accessible.
Bitcoin is trading between key support and resistance levels as bearish divergence limits its short-term momentum. Ethereum, Solana, XRP, and Chainlink are also consolidating around important price levels. Meanwhile, traders are watching Wednesday’s U.S. CPI inflation report and Thursday’s PPI data for clues about the Federal Reserve’s next move. Oil prices and the U.S. dollar could also influence market sentiment. These macroeconomic developments may affect Bitcoin’s recovery and the direction of the broader crypto market.
Bitcoin has been trading between support at $80,000–$82,000 and resistance at $86,000–$88,000. The price has struggled to break above resistance in recent weeks.
Bearish divergence on the daily and three-day charts suggests that buying momentum remains limited. Bitcoin could continue moving sideways or experience a minor pullback if it fails to break above resistance.
Meanwhile, the liquidation heatmap identifies a liquidity zone around $84,500–$84,600, which could act as a short-term price target. However, a move toward this level is not guaranteed.
The weekly Supertrend indicator remains green, and a longer-term bullish divergence is still present. These signals suggest that the broader trend remains positive, despite weaker short-term momentum.
Ethereum Price AnalysisEthereum price is holding support near $2,400, but bearish divergence continues to limit its short-term momentum.
A break below $2,300 could weaken ETH’s current bullish structure. Until then, the price could continue consolidating around its current levels.
Ethereum may also follow Bitcoin’s direction as both cryptocurrencies trade within established ranges.
Solana Price AnalysisSolana is holding the $107–$110 support zone. Although its broader price structure remains bullish, bearish divergence suggests that further gains could be limited in the near term.
SOL could continue consolidating above support rather than immediately moving toward recent highs. A sustained move will depend on market conditions and buying momentum.
XRP Price AnalysisXRP price continues to trade between approximately $1.30 and $1.60. Bearish divergence on the daily chart indicates that buying momentum remains weak.
The price could remain within this range or experience a modest pullback if buyers fail to push it higher. Bitcoin’s next move could also influence XRP’s short-term direction.
Chainlink Price AnalysisChainlink has recovered from the $11.80–$12.30 support zone but faces resistance between $14.10 and $14.40.
Bearish divergence on the three-day chart suggests that LINK could continue consolidating below this resistance. While its broader bullish structure remains intact, a sustained move above $14.40 would strengthen the case for further gains.
What Could Influence Crypto Prices This Week?The reopening of the U.S. stock market could influence cryptocurrency trading this week as investors respond to broader market conditions. For now, the technical analysis points to consolidation across Bitcoin and major altcoins. Bitcoin’s ability to break above resistance or hold its support zone could help determine the next short-term direction for the wider crypto market.
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EGRAG CRYPTO, a well-known market analyst focused on the cryptocurrency sector, presented a fresh technical analysis of XRP for his subscribers on September 27. At the time, XRP traded at approximately $1.54. His chart identified a pattern that he named the “double horns,” forming in the price range between $1.55 and $1.60.
Technical pattern signals correctionAccording to EGRAG CRYPTO, the double horn formation consisted of two consecutive weekly candlestick wicks at the same resistance level. He interpreted this configuration as a warning sign, suggesting that XRP faced a heightened risk of a corrective move or even a significant price drop.
Following his initial analysis, XRP fell sharply to around $1.32. EGRAG CRYPTO noted this move closely aligned with his earlier forecast. The decline provided traders a downward price opportunity between $0.23 and $0.28, depending on when they entered their positions after his warning.
EGRAG CRYPTO pointed out that the appearance of two wicks—referred to as “double horns”—at $1.55 to $1.60 signaled potential short-term weakness and, in this case, led XRP to retreat toward $1.32, generating a considerable downside for those following his guidance.
Macro and micro perspectivesThe original chart from September 27 also placed XRP inside a broad symmetrical triangle on the weekly timeframe, suggesting the potential for a larger bullish trend if the triangle’s support held strong. EGRAG CRYPTO set future Fibonacci extension targets as high as $31.63, with the $1.05 to $1.15 range indicated as a possible major buying zone in the event of further pullbacks.
He outlined that a weekly close above $1.65 to $1.70 would restore bullish sentiment, while a close below the triangle’s base could trigger a deeper correction. In his approach, EGRAG CRYPTO separated macro and micro timeframes, maintaining a generally positive long-term view while remaining cautious about short-term volatility.
Mini dictionary: Symmetrical triangle – A chart pattern used in technical analysis representing a period of consolidation before the price is forced to break out in either direction as converging trendlines meet.
Current outlookEGRAG CRYPTO has emphasized over time that his trading strategy relies on anticipating multiple scenarios and timeframes, as well as maintaining exposure flexibility. He described his method as delivering “MACRO + MICRO perspectives,” with each scenario dictating different entry zones and risk. The recent move down to $1.32 served as a demonstration of his method in practice.
The triangle’s support remains the central focus for the medium- to long-term outlook. EGRAG CRYPTO identifies $1.05 to $1.15 as a key accumulation area if XRP continues retracing. If price instead recovers and closes above $1.65 to $1.70 on a weekly basis, he considers the short-term bearish outlook invalidated and reverts to a bullish stance.
He maintains that the double horn correction represented a healthy retracement within a larger bullish structure, not a true reversal of the long-term uptrend.
Price AreaSignalPotential Action$1.05–$1.15Major buying zoneAccumulation if support holds$1.55–$1.60Double horn resistanceWarning of correction$1.65–$1.70Bullish breakout confirmationPotential renewed rally The analyst continues to stress the importance of focusing on chart structure over market sentiment, regularly stating that “structure is more important than opinions, bias, or other market noise.”
No financial advice was provided, and readers are encouraged to perform independent research before making investment decisions.
Evernorth Holdings has completed its business combination with Armada Acquisition Corp. II, taking a treasury of approximately 473 million XRP and about $300 million in gross cash proceeds into the public markets, the company announced on Oct. 9. The combined company’s common stock is expected to begin trading on the Nasdaq under the ticker XRPN on Monday, Oct. 12.
The closing makes Evernorth one of the largest publicly traded XRP treasuries, offering investors exposure to the token through a regulated, transparent structure rather than a direct holding. Founder and Chief Executive Officer Asheesh Birla said the company will “deploy capital across the XRP economy, supporting the infrastructure and use cases that expand XRP’s utility,” while pursuing strategies designed to grow XRP per share over time.
What Evernorth Brings to Market Evernorth describes itself as an actively managed digital-asset treasury that holds XRP and puts it to work through institutional lending, DeFi yield strategies, ecosystem participation and capital-markets activity. At closing the company had raised roughly $300 million in gross cash proceeds before transaction expenses, with backing from Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken and GSR.
Armada Acquisition Corp. II is a special-purpose acquisition company sponsored by Arrington XRP Capital Fund. Evernorth cleared its final SEC hurdle in August, when regulators declared its Form S-4 registration effective, and Armada shareholders approved the combination at a Sept. 30 meeting.
A Debut After a Short Delay The listing arrives later than first outlined. Evernorth had earlier targeted an Oct. 7 close and an Oct. 8 Nasdaq debut before an administrative delay shifted the schedule to the current dates. The company said the change did not affect completion of the transaction.
Michael Arrington, founder of Arrington Capital, framed the support as a bet on the XRP ecosystem maturing and attracting builders and capital. Evernorth plans to ring the Nasdaq closing bell on Oct. 14 alongside company leadership, investors and members of the XRP ecosystem.
What Happens Next Once XRPN begins trading, the share price will move with Evernorth’s XRP holdings and its ability to generate yield, exposing holders to the token’s volatility through an equity wrapper. The company has not disclosed specific yield targets, and its forward-looking statements warn that a decline in the price of XRP could reduce the value of its securities. The first trading day will offer an early read on demand for a dedicated XRP treasury vehicle.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
XRP investors are about to get a new way to invest in the token through the stock market.
Evernorth Holdings completed its merger with Armada Acquisition Corp. Its shares are expected to begin trading on Nasdaq on Monday, October 12, under the ticker XRPN.
Simply put, Evernorth is a company holding a large reserve of XRP. Investors can buy its stock through a brokerage account without buying or storing cryptocurrency.
They own shares in Evernorth, rather than XRP itself.
Five Key Facts About Evernorth’s Nasdaq Debut1. Trading starts Monday. The original October 8 launch was delayed by an administrative issue. Evernorth expects to ring Nasdaq’s closing bell on October 14.
2. Its treasury holds 473 million XRP. The company also reported approximately $300 million in gross cash proceeds before transaction expenses, making it the largest publicly traded pure-play XRP treasury company.
Evernorth’s XRP Holdings. Source: CoinGecko3. Ripple is among its backers. Other supporters include SBI Group, Arrington Capital, Pantera Capital, Kraken and GSR. Some investors contributed XRP directly.
4. It plans to put the XRP to work. CEO Asheesh Birla said Evernorth aims to “grow XRP per share over time.” Strategies include earning yield and investing in infrastructure supporting the XRP ecosystem.
5. XRPN is a stock, not XRP. Its share price will reflect the value of its holdings, alongside business expenses and investors’ confidence in management. It may move differently from the token.
1/4 Public markets, meet the XRP Ledger. Evernorth has completed its business combination with Armada Acquisition Corp. II. On Monday, our common stock is expected to begin trading on Nasdaq under the ticker $XRPN.
Not investment advice or an offer of securities. Contains… pic.twitter.com/eGcxtA4AxT
— evernorthxrp (@evernorthxrp) October 9, 2026 What Could This Mean for XRP’s Price?The listing could draw attention after XRP fell from about $1.50 on October 5 to around $1.40 by October 11.
Still, the debut itself does not require major new token purchases. Much of Evernorth’s XRP was contributed before trading began.
A longer-lasting XRP price recovery would depend on new token purchases, wider market demand or improving crypto sentiment.
Traders should watch what Evernorth actually buys in the coming weeks rather than assume a strong XRPN debut will automatically lift XRP.
Ledger implant exploit reportedly spreads to Europe after $93.4 million in losses from Asian resellerA tampered Ledger attack that has already seen an estimated $93.4 million taken from Asian hardware wallet users, has reportedly spread to Europe.
X user Johannes has presented photographs of a tampered Ledger he said he purchased two weeks ago from the European consumer electronics chain MediaMarkt. The implant inside appears to be an earlier version of the one found linked to CryptoBilis shipped devices in Asia, and no funds have been taken.
“Either the device didn’t work, or they were waiting for a more widespread usage of the compromised devices,” he said. Former Mt Gox CEO Mark Karpeles, whose investigations into the tampered Asian Ledgers helped bring the problem to light, said the antenna in the device says it is the “Eurasian version” suggesting separate versions of the implant have been sent to regions that use different mobile frequencies. Ledger has not confirmed the reported European device is part of the same attack.
“PSA the ledger incident isn’t limited to Asia,” wrote European X user Johannes. Source: Johannes.
The sophisticated attack hit Ledger devices in Asia late last week, after devices from the official reseller CryptoBilis — which had recently been sold to a new owner — were found to be modified in a way that apparently enable attackers to read the seed phrase and steal funds even as though the device is still able to pass authenticity checks.
Ledger has asked CryptoBilis to suspend sales and shipments of its devices as a precaution and advised customers who had purchased devices from the reseller within the past 90 days to consider transferring their assets to a new Ledger. “The volume of impacted devices is limited,” it said in its most recent update today.
CryptoBilis is listed as an authorized Ledger reseller in Indonesia, Malaysia and the Philippines. Cybersecurity outlet Yfarmx estimated the losses at $93.4 million across 471 addresses, but this figure has not been confirmed by Ledger.
Security firm uncovers XRP minting bugSecurity firm Veria Labs has been paid a $250,000 bug bounty for uncovering an overflow bug hidden in XRP’s code since 2015. It claims that a single transaction could have printed trillions of XRP out of thin air.
The bug has been patched (amid some controversy) and there is no evidence it had ever been exploited.
Cayden Liao, Veria Labs security co-founder, wrote on X that its AI agent had combed through rippled, the software that runs the XRP Ledger and found two low severity bugs. It worked out how to create a much larger exploit by using them in conjunction. Liao said that just one exploit transaction could have created more than 18 trillion XRP, which is 184 times greater than the total supply.
“This puts the full $94B at risk, more than 60 times the largest crypto hack on record,” he wrote, referring to XRP’s entire market cap. “We suspect one reason nobody caught this vulnerability is that it chains together two bugs that would be low severity on their own.” The bugs were reported on September 22 and RippleX patched them three days later.
Source: Cayden Liao
Vitalik Buterin backs crypto ‘bunker mode’ amid rapid AI math advancesEthereum co-founder Vitalik Buterin has backed researcher Justin Drake’s warning that advances in artificial intelligence could undermine the cryptography used in today’s blockchains before quantum computers do.
“I don’t recommend anyone scramble to move their funds to new wallets today,” Buterin wrote. “But we should take the risks to cryptography from AI-accelerated math seriously.”
Drake urged the industry to prepare for “bunker mode” in light of OpenAI releasing hundreds of new mathematical findings that humans have been unable to solve. None of the findings related to cryptography, but the potential for AI agents to uncover new insights into the mathematical structure behind elliptic curve cryptography or lattice based cryptography has the core Ethereum team worried.
The concerns have been criticized by other projects and analysts as fear mongering, with critics saying there is no evidence AI agents are anywhere near breaking cryptography. But then again, there wasn’t a lot of evidence a new AI model was about to one shot the solution to hundreds of other unsolvable problems either.
Source: Samsung Wallet to add USDC transfers for US Galaxy users in OctoberSamsung plans to introduce USDC transfers to the Samsung Wallet payment app for 82 million eligible US Galaxy users in the last week of October.
The feature will let users send USDC to compatible crypto wallets internationally and transfer money to eligible bank accounts in more than 60 countries, where recipients can receive funds in their local currency. Users must complete identity verification to access the service.
Bastion will provide stablecoin account and payment infrastructure, with Coinbase serving as a sub-custodian through Coinbase Prime Vault. Solana and Sui were named as technical partners.
Crypto’s heavy backing of Republicans alienated Democrats: CuomoThe crypto industry’s heavy backing of US Republicans has alienated Democrats whose support is needed to pass federal crypto legislation, says former New York Governor Andrew Cuomo.
Kalshi prediction markets put the probability of Democrats winning both chambers of Congress at about 61%. Cuomo said a Democratic-controlled Congress could either seek to roll back the SEC and CFTC’s crypto initiatives, or it could work with the Trump administration to pass the full CLARITY Act.
“You need Democrats to pass the bill. You need Republicans. You have to be more balanced,” he said.
While he conceded there is a perception that Democrats are “anti-crypto” he says the technology fits in well with the party’s goals and beliefs.
“It’s empowering people who otherwise wouldn’t have access to financial products, and the Democratic Party has been working to do that all its life,” he said.
Source: Winners and LosersAt the end of the week, Bitcoin (BTC) is down 2.8% to trade at $83,435, Ethereum (ETH) is down 6.5% to trade at $2,562 and XRP (XRP) is down 7% to $1.40. The total market cap is at $2.82 trillion according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin winners of the week are StarkNet (STRK) with a 91% gain (after announcing it would become a post-quantum L1), Binance Life (币安人生) on 25.4%, and Celestia (TIA) on 20.8%.
The top three altcoin losers of the week are Venice Token (VVV) which was down 18.5%, Sky (SKY) down 16.2% and Uniswap (UNI) down 15.4%.
Prediction of the WeekEthereum will hit $25,000 to $50,000 this cycle says Tom LeeBitmine chair Tom Lee told Token2049 on Friday that ETH will top $5000 by the end of the year and by the end of the cycle Ethereum “could easily be 25,000 or 50,000 per token,” he said.
Lee also revealed Bitmine is nearing its 5% target after accumulating roughly 6 million Ether. The firm will only need to buy about 100,000 ETH more to reach that percentage.
“That’s a hard cap. We’re not gonna be accumulating past 5%,” Lee said. “We’re not gonna own more than 5% of Ethereum.”
Top FUD of the WeekColdcard says it’s investigating how phishing link appeared on its X account Bitcoin-only hardware wallet Coldcard said an unauthorized phishing link appeared Sunday on its official X account, despite the company using offline two-factor authentication.
The post has since been deleted, and the firm said the only official website is https://coldcard.com.
DefiLlama’s hack tracker estimated losses tied to July’s Coldcard exploit at $115 million.
THORChain dev accuses Tether of temporarily freezing USDT vaultsTHORChain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the network’s USDt (USDT) vaults without explanation, then unfreezing them hours later.
In a Friday X post, Barraford said that Tether had blacklisted THORChain vault addresses, freezing about a combined 1.45 million USDT in the network’s funds across four wallets. He reported about two hours later than trading would resume after Tether unfroze all the addresses.
New York permanently bars Celsius founder Mashinsky in $35M fraud settlementFormer Celsius CEO Alex Mashinsky has been permanently barred from the cryptocurrency, securities and commodities industries under a settlement with New York Attorney General Letitia James that includes up to $35 million in conditional payments.
The New York agreement, announced Friday, settles a 2023 civil lawsuit accusing Mashinsky of misleading hundreds of thousands of investors about the safety of Celsius before its collapse in 2022.
Mashinsky is serving a 12-year federal prison sentence for fraud and was separately ordered to forfeit more than $48 million.
Top Magazine Features of the WeekFrance is world’s most dangerous place for Bitcoiners: 90 attacks in 7 monthsFrench authorities recorded 90 crypto-related cases involving kidnapping, extortion, threats and violent theft in seven months. What makes France such a hotspot?
Crypto lending rises again… but have they solved the risks?Crypto lending has risen by 55% since July, but now has to deal with the dangers of AI assisted hacks, and risks cascading through interlinked protocols. Here’s how to stay safe.
Capital starting to rotate back to crypto from AI: Raoul PalReal Vision founder Raoul Pal says a pause in the AI stock rally could help crypto attract capital, while AI agents are likely to boost Ethereum and Solana adoption.
Cointelegraph publishes long-form journalism, analysis and narrative reporting produced by Cointelegraph’s in-house editorial team with subject-matter expertise. All articles are edited and reviewed by Cointelegraph editors in line with our editorial standards. Some articles contain affiliate links, from which Cointelegraph may earn a commission. These relationships do not influence which products we review or our editorial conclusions. Content published in here does not constitute financial, legal or investment advice. Readers should conduct their own research and consult qualified professionals where appropriate. Cointelegraph maintains full editorial independence.
Ledger implant exploit reportedly spreads to Europe after $93.4 million in losses from Asian resellerA tampered Ledger attack that has already seen an estimated $93.4 million taken from Asian hardware wallet users, has reportedly spread to Europe.
X user Johannes has presented photographs of a tampered Ledger he said he purchased two weeks ago from the European consumer electronics chain MediaMarkt. The implant inside appears to be an earlier version of the one found linked to CryptoBilis shipped devices in Asia, and no funds have been taken.
“Either the device didn’t work, or they were waiting for a more widespread usage of the compromised devices,” he said. Former Mt Gox CEO Mark Karpeles, whose investigations into the tampered Asian Ledgers helped bring the problem to light, said the antenna in the device says it is the “Eurasian version” suggesting separate versions of the implant have been sent to regions that use different mobile frequencies. Ledger has not confirmed the reported European device is part of the same attack.
“PSA the ledger incident isn’t limited to Asia,” wrote European X user Johannes. Source: Johannes.
The sophisticated attack hit Ledger devices in Asia late last week, after devices from the official reseller CryptoBilis — which had recently been sold to a new owner — were found to be modified in a way that apparently enable attackers to read the seed phrase and steal funds even as though the device is still able to pass authenticity checks.
Ledger has asked CryptoBilis to suspend sales and shipments of its devices as a precaution and advised customers who had purchased devices from the reseller within the past 90 days to consider transferring their assets to a new Ledger. “The volume of impacted devices is limited,” it said in its most recent update today.
CryptoBilis is listed as an authorized Ledger reseller in Indonesia, Malaysia and the Philippines. Cybersecurity outlet Yfarmx estimated the losses at $93.4 million across 471 addresses, but this figure has not been confirmed by Ledger.
Security firm uncovers XRP minting bugSecurity firm Veria Labs has been paid a $250,000 bug bounty for uncovering an overflow bug hidden in XRP’s code since 2015. It claims that a single transaction could have printed trillions of XRP out of thin air.
The bug has been patched (amid some controversy) and there is no evidence it had ever been exploited.
Cayden Liao, Veria Labs security co-founder, wrote on X that its AI agent had combed through rippled, the software that runs the XRP Ledger and found two low severity bugs. It worked out how to create a much larger exploit by using them in conjunction. Liao said that just one exploit transaction could have created more than 18 trillion XRP, which is 184 times greater than the total supply.
“This puts the full $94B at risk, more than 60 times the largest crypto hack on record,” he wrote, referring to XRP’s entire market cap. “We suspect one reason nobody caught this vulnerability is that it chains together two bugs that would be low severity on their own.” The bugs were reported on September 22 and RippleX patched them three days later.
Source: Cayden Liao
Vitalik Buterin backs crypto ‘bunker mode’ amid rapid AI math advancesEthereum co-founder Vitalik Buterin has backed researcher Justin Drake’s warning that advances in artificial intelligence could undermine the cryptography used in today’s blockchains before quantum computers do.
“I don’t recommend anyone scramble to move their funds to new wallets today,” Buterin wrote. “But we should take the risks to cryptography from AI-accelerated math seriously.”
Drake urged the industry to prepare for “bunker mode” in light of OpenAI releasing hundreds of new mathematical findings that humans have been unable to solve. None of the findings related to cryptography, but the potential for AI agents to uncover new insights into the mathematical structure behind elliptic curve cryptography or lattice based cryptography has the core Ethereum team worried.
The concerns have been criticized by other projects and analysts as fear mongering, with critics saying there is no evidence AI agents are anywhere near breaking cryptography. But then again, there wasn’t a lot of evidence a new AI model was about to one shot the solution to hundreds of other unsolvable problems either.
Source: Samsung Wallet to add USDC transfers for US Galaxy users in OctoberSamsung plans to introduce USDC transfers to the Samsung Wallet payment app for 82 million eligible US Galaxy users in the last week of October.
The feature will let users send USDC to compatible crypto wallets internationally and transfer money to eligible bank accounts in more than 60 countries, where recipients can receive funds in their local currency. Users must complete identity verification to access the service.
Bastion will provide stablecoin account and payment infrastructure, with Coinbase serving as a sub-custodian through Coinbase Prime Vault. Solana and Sui were named as technical partners.
Crypto’s heavy backing of Republicans alienated Democrats: CuomoThe crypto industry’s heavy backing of US Republicans has alienated Democrats whose support is needed to pass federal crypto legislation, says former New York Governor Andrew Cuomo.
Kalshi prediction markets put the probability of Democrats winning both chambers of Congress at about 61%. Cuomo said a Democratic-controlled Congress could either seek to roll back the SEC and CFTC’s crypto initiatives, or it could work with the Trump administration to pass the full CLARITY Act.
“You need Democrats to pass the bill. You need Republicans. You have to be more balanced,” he said.
While he conceded there is a perception that Democrats are “anti-crypto” he says the technology fits in well with the party’s goals and beliefs.
“It’s empowering people who otherwise wouldn’t have access to financial products, and the Democratic Party has been working to do that all its life,” he said.
Source: Winners and LosersAt the end of the week, Bitcoin (BTC) is down 2.8% to trade at $83,435, Ethereum (ETH) is down 6.5% to trade at $2,562 and XRP (XRP) is down 7% to $1.40. The total market cap is at $2.82 trillion according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin winners of the week are StarkNet (STRK) with a 91% gain (after announcing it would become a post-quantum L1), Binance Life (币安人生) on 25.4%, and Celestia (TIA) on 20.8%.
The top three altcoin losers of the week are Venice Token (VVV) which was down 18.5%, Sky (SKY) down 16.2% and Uniswap (UNI) down 15.4%.
Prediction of the WeekEthereum will hit $25,000 to $50,000 this cycle says Tom LeeBitmine chair Tom Lee told Token2049 on Friday that ETH will top $5000 by the end of the year and by the end of the cycle Ethereum “could easily be 25,000 or 50,000 per token,” he said.
Lee also revealed Bitmine is nearing its 5% target after accumulating roughly 6 million Ether. The firm will only need to buy about 100,000 ETH more to reach that percentage.
“That’s a hard cap. We’re not gonna be accumulating past 5%,” Lee said. “We’re not gonna own more than 5% of Ethereum.”
Top FUD of the WeekColdcard says it’s investigating how phishing link appeared on its X account Bitcoin-only hardware wallet Coldcard said an unauthorized phishing link appeared Sunday on its official X account, despite the company using offline two-factor authentication.
The post has since been deleted, and the firm said the only official website is https://coldcard.com.
DefiLlama’s hack tracker estimated losses tied to July’s Coldcard exploit at $115 million.
THORChain dev accuses Tether of temporarily freezing USDT vaultsTHORChain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the network’s USDt (USDT) vaults without explanation, then unfreezing them hours later.
In a Friday X post, Barraford said that Tether had blacklisted THORChain vault addresses, freezing about a combined 1.45 million USDT in the network’s funds across four wallets. He reported about two hours later than trading would resume after Tether unfroze all the addresses.
New York permanently bars Celsius founder Mashinsky in $35M fraud settlementFormer Celsius CEO Alex Mashinsky has been permanently barred from the cryptocurrency, securities and commodities industries under a settlement with New York Attorney General Letitia James that includes up to $35 million in conditional payments.
The New York agreement, announced Friday, settles a 2023 civil lawsuit accusing Mashinsky of misleading hundreds of thousands of investors about the safety of Celsius before its collapse in 2022.
Mashinsky is serving a 12-year federal prison sentence for fraud and was separately ordered to forfeit more than $48 million.
Top Magazine Features of the WeekFrance is world’s most dangerous place for Bitcoiners: 90 attacks in 7 monthsFrench authorities recorded 90 crypto-related cases involving kidnapping, extortion, threats and violent theft in seven months. What makes France such a hotspot?
Crypto lending rises again… but have they solved the risks?Crypto lending has risen by 55% since July, but now has to deal with the dangers of AI assisted hacks, and risks cascading through interlinked protocols. Here’s how to stay safe.
Capital starting to rotate back to crypto from AI: Raoul PalReal Vision founder Raoul Pal says a pause in the AI stock rally could help crypto attract capital, while AI agents are likely to boost Ethereum and Solana adoption.
Cointelegraph publishes long-form journalism, analysis and narrative reporting produced by Cointelegraph’s in-house editorial team with subject-matter expertise. All articles are edited and reviewed by Cointelegraph editors in line with our editorial standards. Some articles contain affiliate links, from which Cointelegraph may earn a commission. These relationships do not influence which products we review or our editorial conclusions. Content published in here does not constitute financial, legal or investment advice. Readers should conduct their own research and consult qualified professionals where appropriate. Cointelegraph maintains full editorial independence.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Upbit to list RSR trading pairs with KRW and USDT.
According to official announcements, Upbit will list RSR trading pairs against the South Korean won (KRW) and USDT. Trading is scheduled to start at 14:05 local time in South Korea on October 12.
19 minutes ago
RSR briefly rose to 0.0026 USD, with a 54.86% gain in 15 minutes.
According to HTX market data, likely driven by Upbit’s upcoming listing of RSR/KRW and RSR/USDT trading pairs, RSR briefly surged to $0.0026, is now trading at $0.0025, with a 54.86% gain in 15 minutes.
19 minutes ago
Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.
Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.
19 minutes ago
Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.
U.S. bank Wells Fargo is in discussions with Payward, the parent company of crypto exchange Kraken, for a potential collaboration under which Payward would provide liquidity support for the bank’s digital asset trading business. The partnership would see Payward offer market depth and trade execution support, helping Wells Fargo expand crypto asset trading access for its clients without building out a full trading infrastructure from scratch. The two sides are still in negotiations, no final agreement has been reached, and both parties declined to comment. Wells Fargo has previously offered Bitcoin spot ETFs to eligible wealth management clients, invested in compliance tech firm Elliptic and trading platform provider Talos, advanced a blockchain-based deposit initiative, and joined a U.S. dollar stablecoin-related consortium. In September 2026, Nasdaq announced a $100 million investment in Payward, valuing the firm at roughly $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the deal. Separately, Payward is reportedly in talks with asset custody and services giant BNY for a broader infrastructure partnership, covering areas including digital asset products, custody, wealth management, trading, and payments. Those discussions have also not yet resulted in a final agreement. Payward is steadily expanding its footprint in traditional finance. The firm is also reportedly pursuing a European banking license, with Lithuania as its target jurisdiction. In March 2026, Kraken Financial became the first digital asset bank to secure access to Federal Reserve payment infrastructure; Payward has also obtained authorization from the Dubai Virtual Assets Regulatory Authority.
19 minutes ago
A certain whale took a 10x short position on ENA, with returns reaching 560%.
According to TradingBeats monitoring, a Hyperliquid whale address 0x45d2…4029 holds approximately 6.416 million ENA short positions, with a position value of around $1.54 million, using 10x full leverage at an average entry price of roughly $0.552. The address is currently sitting on an unrealized profit of about $2 million, translating to a position return of approximately 564.5% based on the initial leverage. This address has held ENA short positions since late September. As of press time, the ENA contract’s mark price is around $0.24, some 56.5% lower than the address’s average entry price.
19 minutes ago
Former Acting Chair of the CFTC: No congressional legislation is needed, as the existing framework is sufficient to regulate the crypto market.
Former acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) and current Chief Legal Officer and Chief Administrative Officer at MoonPay, Caroline Pham, stated that the Commodity Exchange Act grants the CFTC broad regulatory authority, meaning the existing regulatory framework can cover emerging commodity sectors like crypto assets without waiting for congressional legislation. Pham believes the CFTC’s recently proposed rules will help strengthen protections for U.S. retail crypto traders. She noted that integrating relevant transactions into strictly regulated trading platforms is more conducive to investor protection than separate regulation by individual U.S. state laws. On stablecoins and tokenized deposits, Pham said tokenized deposits are more suited for wholesale financial markets. If all trades in a single trading day were settled via real-time atomic settlement on a blockchain, the required cash volume could hit $15 trillion—an amount existing funds cannot support. Banks currently offset counterparties’ receivables and payables through net settlement, so tokenized deposits will play a key role in wholesale markets; stablecoins, by contrast, are better for scenarios where counterparties lack trust and need to mitigate settlement risk. Additionally, Pham projects that over the next two years, the New York Stock Exchange (NYSE) and Nasdaq will begin listing genuine tokenized stocks and generate substantial trading volume. She stressed that real tokenized stocks should retain shareholder rights such as voting power, distinguishing them from synthetic tokens not approved by the issuing company.
XRP Ledger developers have defended the emergency security patch used to fix a bug capable of creating XRP beyond the network’s fixed supply, saying they could not wait for the network’s usual two-week validator vote without exposing the flaw to attackers.
The fix, released on Sept. 25, came three days after a bug bounty report, and took effect immediately on any server that installed it. It was the first deliberate bypass of the normal amendment process since the system was introduced more than ten years ago, they said.
“With a normal amendment vote, the fix would have been public for weeks before it took effect, risking network security,” XRPL developers said in an X post on Sunday.
The expedited fix led to questions about XRPL’s level of decentralization. On its website, XRPL claims it is a fully decentralized, public blockchain — a characterization that has been central to arguments that its native token, XRP, is not a security.
XRPL security fix “raised a lot of questions”Cyber Capital founder Justin Bons said Thursday that marketing XRP to retail investors as decentralized amounted to “straight-up fraud.” He argued that the Sept. 25 emergency release shipped as binaries only, temporarily withheld the source code and pressured operators to upgrade.
However, XRPL Foundation said the decision to skip the normal amendment process was made jointly by the Foundation, RippleX, core developers and validators after assessing the severity of the bug.
“No single party could make that call alone. Every validator and node operator chooses what software to run, and 3.4.1 only became required through a normal amendment vote with more than 80% validator support for two weeks. Protocol changes still go through amendments,” the foundation said.
XRP Kuwait, an independent validator operator, also rejected claims that the coordinated upgrades signaled centralized control.
“We disagree with the claim that operators coordinating an update is, in itself, proof of centralized control,” it said. “Coordination is not the same as control. Independent operators can assess a situation, communicate with one another, and reach the same conclusion without giving up their independence.”
Bug could have minted unlimited XRP The bug was an integer overflow in the XRP Ledger’s payment engine that had been present since 2015, according to the project’s vulnerability disclosure report.
XRP balances are stored as 64-bit integers with a fixed maximum. When a sum exceeded that maximum, the calculation wrapped to a smaller number instead of failing.
An attacker could exploit this by creating hundreds of specially priced offers, each asking for a very large amount of XRP, then sending one payment that consumed them all.
The engine would credit each offer owner their full amount but charge the buyer only the tiny wrapped total. The difference would be newly created, spendable XRP.
The attack required deliberately constructed offers and could not be triggered by normal trading activity, according to the report. Developers said they found no evidence that the issue was exploited on any public network.
Magazine: Ledger attack spreads to EU, AI finds ’18 trillion XRP’ bug: Hodler’s Digest
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
XRP Ledger developers have defended the emergency security patch used to fix a bug capable of creating XRP beyond the network’s fixed supply, saying they could not wait for the network’s usual two-week validator vote without exposing the flaw to attackers.
The fix, released on Sept. 25, came three days after a bug bounty report, and took effect immediately on any server that installed it. It was the first deliberate bypass of the normal amendment process since the system was introduced more than ten years ago, they said.
“With a normal amendment vote, the fix would have been public for weeks before it took effect, risking network security,” XRPL developers said in an X post on Sunday.
The expedited fix led to questions about XRPL’s level of decentralization. On its website, XRPL claims it is a fully decentralized, public blockchain — a characterization that has been central to arguments that its native token, XRP, is not a security.
XRPL security fix “raised a lot of questions”Cyber Capital founder Justin Bons said Thursday that marketing XRP to retail investors as decentralized amounted to “straight-up fraud.” He argued that the Sept. 25 emergency release shipped as binaries only, temporarily withheld the source code and pressured operators to upgrade.
However, XRPL Foundation said the decision to skip the normal amendment process was made jointly by the Foundation, RippleX, core developers and validators after assessing the severity of the bug.
“No single party could make that call alone. Every validator and node operator chooses what software to run, and 3.4.1 only became required through a normal amendment vote with more than 80% validator support for two weeks. Protocol changes still go through amendments,” the foundation said.
XRP Kuwait, an independent validator operator, also rejected claims that the coordinated upgrades signaled centralized control.
“We disagree with the claim that operators coordinating an update is, in itself, proof of centralized control,” it said. “Coordination is not the same as control. Independent operators can assess a situation, communicate with one another, and reach the same conclusion without giving up their independence.”
Bug could have minted unlimited XRP The bug was an integer overflow in the XRP Ledger’s payment engine that had been present since 2015, according to the project’s vulnerability disclosure report.
XRP balances are stored as 64-bit integers with a fixed maximum. When a sum exceeded that maximum, the calculation wrapped to a smaller number instead of failing.
An attacker could exploit this by creating hundreds of specially priced offers, each asking for a very large amount of XRP, then sending one payment that consumed them all.
The engine would credit each offer owner their full amount but charge the buyer only the tiny wrapped total. The difference would be newly created, spendable XRP.
The attack required deliberately constructed offers and could not be triggered by normal trading activity, according to the report. Developers said they found no evidence that the issue was exploited on any public network.
Magazine: Ledger attack spreads to EU, AI finds ’18 trillion XRP’ bug: Hodler’s Digest
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Developers of the XRP Ledger have addressed concerns surrounding an emergency security patch that was implemented to resolve a critical bug capable of creating XRP beyond the fixed supply. Developers stated that they adopted immediate action as waiting for the network’s usual two-week amendment vote could have risked exposing the vulnerability to potential attackers.
Emergency patch circumvents regular approval processThe patch, released on September 25, followed a bug bounty report submitted three days earlier and was applied instantly to any server that installed it. XRPL developers indicated this marked the first time in over a decade that the amendment process had been intentionally bypassed to protect network safety.
In a statement shared on X, XRPL developers emphasized the security necessity of the move, writing:
With a normal amendment vote, the fix would have been public for weeks before it took effect, risking network security.
The swift deployment, however, led to fresh questions regarding the degree of decentralization in the XRP Ledger. Public materials from XRPL have long maintained that the blockchain operates as a fully decentralized, open network. This description has played a key role in ongoing discussions about XRP’s legal status as a non-security token.
Debate over decentralization and transparencyJustin Bons, founder of Cyber Capital, voiced skepticism about these claims, calling the marketing of XRP to retail investors as decentralized “straight-up fraud.” Bons argued that releasing the emergency patch as binary files rather than open source and the quick rollout put pressure on node operators to upgrade.
The XRPL Foundation, which acts as a non-profit steward for the ledger’s development, responded that the decision to implement the emergency fix was taken collectively by the foundation, RippleX, core developers, and validators after jointly assessing the risk posed by the bug.
No single party could make that call alone. Every validator and node operator chooses what software to run, and 3.4.1 only became required through a normal amendment vote with more than 80% validator support for two weeks. Protocol changes still go through amendments.
XRP Kuwait, an independent validator operator, also refuted claims that coordinated action by node operators undermined decentralization. The operator emphasized that consensus and communication do not equate to centralized control, noting that independent operators stayed autonomous throughout the process.
Mini dictionary: XRPL Foundation — An independent non-profit dedicated to supporting the development and stewardship of the XRP Ledger ecosystem, facilitating collaboration among stakeholders and maintaining the open-source codebase.
Details of the critical bug and its mitigationThe bug concerned how XRP balances are stored as 64-bit integers with a fixed upper limit. Summing amounts beyond this cap would cause the total to “wrap around” to a much smaller value instead of returning an error.
An attacker could exploit this flaw by creating hundreds of offers requesting very large quantities of XRP. By sending one well-structured payment, the attacker could trigger all of those offers, crediting offer owners their full amount while the buyer was charged only the tiny wrapped amount, effectively generating new and spendable XRP beyond the intended supply.
The vulnerability could only be exploited through deliberate, specifically crafted offers and was not accessible via standard trading activity. Developers reported finding no evidence that the issue had been exploited on any public XRP network.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Upbit to list RSR trading pairs with KRW and USDT.
According to official announcements, Upbit will list RSR trading pairs against the South Korean won (KRW) and USDT. Trading is scheduled to start at 14:05 local time in South Korea on October 12.
18 minutes ago
RSR briefly rose to 0.0026 USD, with a 54.86% gain in 15 minutes.
According to HTX market data, likely driven by Upbit’s upcoming listing of RSR/KRW and RSR/USDT trading pairs, RSR briefly surged to $0.0026, is now trading at $0.0025, with a 54.86% gain in 15 minutes.
18 minutes ago
Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.
Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.
18 minutes ago
Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.
U.S. bank Wells Fargo is in discussions with Payward, the parent company of crypto exchange Kraken, for a potential collaboration under which Payward would provide liquidity support for the bank’s digital asset trading business. The partnership would see Payward offer market depth and trade execution support, helping Wells Fargo expand crypto asset trading access for its clients without building out a full trading infrastructure from scratch. The two sides are still in negotiations, no final agreement has been reached, and both parties declined to comment. Wells Fargo has previously offered Bitcoin spot ETFs to eligible wealth management clients, invested in compliance tech firm Elliptic and trading platform provider Talos, advanced a blockchain-based deposit initiative, and joined a U.S. dollar stablecoin-related consortium. In September 2026, Nasdaq announced a $100 million investment in Payward, valuing the firm at roughly $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the deal. Separately, Payward is reportedly in talks with asset custody and services giant BNY for a broader infrastructure partnership, covering areas including digital asset products, custody, wealth management, trading, and payments. Those discussions have also not yet resulted in a final agreement. Payward is steadily expanding its footprint in traditional finance. The firm is also reportedly pursuing a European banking license, with Lithuania as its target jurisdiction. In March 2026, Kraken Financial became the first digital asset bank to secure access to Federal Reserve payment infrastructure; Payward has also obtained authorization from the Dubai Virtual Assets Regulatory Authority.
18 minutes ago
A certain whale took a 10x short position on ENA, with returns reaching 560%.
According to TradingBeats monitoring, a Hyperliquid whale address 0x45d2…4029 holds approximately 6.416 million ENA short positions, with a position value of around $1.54 million, using 10x full leverage at an average entry price of roughly $0.552. The address is currently sitting on an unrealized profit of about $2 million, translating to a position return of approximately 564.5% based on the initial leverage. This address has held ENA short positions since late September. As of press time, the ENA contract’s mark price is around $0.24, some 56.5% lower than the address’s average entry price.
18 minutes ago
Former Acting Chair of the CFTC: No congressional legislation is needed, as the existing framework is sufficient to regulate the crypto market.
Former acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) and current Chief Legal Officer and Chief Administrative Officer at MoonPay, Caroline Pham, stated that the Commodity Exchange Act grants the CFTC broad regulatory authority, meaning the existing regulatory framework can cover emerging commodity sectors like crypto assets without waiting for congressional legislation. Pham believes the CFTC’s recently proposed rules will help strengthen protections for U.S. retail crypto traders. She noted that integrating relevant transactions into strictly regulated trading platforms is more conducive to investor protection than separate regulation by individual U.S. state laws. On stablecoins and tokenized deposits, Pham said tokenized deposits are more suited for wholesale financial markets. If all trades in a single trading day were settled via real-time atomic settlement on a blockchain, the required cash volume could hit $15 trillion—an amount existing funds cannot support. Banks currently offset counterparties’ receivables and payables through net settlement, so tokenized deposits will play a key role in wholesale markets; stablecoins, by contrast, are better for scenarios where counterparties lack trust and need to mitigate settlement risk. Additionally, Pham projects that over the next two years, the New York Stock Exchange (NYSE) and Nasdaq will begin listing genuine tokenized stocks and generate substantial trading volume. She stressed that real tokenized stocks should retain shareholder rights such as voting power, distinguishing them from synthetic tokens not approved by the issuing company.
The XRP Ledger has fixed a critical security flaw dating back to 2015 that could have allowed attackers to create approximately 18 trillion XRP through a single specially designed transaction, with more than 80% of trusted validators installing the emergency update on September 25.
Summary
XRPL developers fixed a critical payment bug that could create spendable XRP beyond its supply. Researcher Cayden Liao demonstrated approximately 18 trillion XRP could be minted through one crafted transaction. The security team found no evidence that the overflow flaw was exploited on public networks. More than 80% of default validators upgraded to xrpld 3.4.1 on September 25, developers confirmed. A separate Batch validation fix activated October 9 after validators delayed its original planned rollout. The XRP Ledger Foundation and RippleX confirmed the vulnerability in an October 9 disclosure, explaining that an error in the network’s payment engine could have produced spendable XRP beyond its intended 100 billion supply. Developers reproduced the issue during testing and released version 3.4.1 to address it. Their investigation found no evidence that the flaw had been exploited on a public network. Security researcher Cayden Liao and Veria AI received the bug bounty program’s maximum $250,000 reward after reporting the vulnerability and demonstrating its potential effect.
The recent XRP Ledger security fix raised a lot of questions and some misconceptions. Let's clear them up.
1. Was any XRP created?
No. XRP's supply was fixed at 100 billion when the XRP Ledger launched, and no transaction is allowed to create more. This bug was a way around…
— XRP Ledger Foundation (@XRPLF) October 11, 2026 XRP Ledger fixes bug that could create trillions of XRP The vulnerability affected the XRP Ledger’s payment engine, which processes transfers and transactions involving the network’s built-in decentralized exchange.
According to the official disclosure, the problem originated from an integer overflow in software written in 2015. An integer overflow occurs when a calculation produces a number larger than the computer system can represent using the allocated number of bits.
In this case, the payment engine added together XRP amounts associated with multiple offers in the network’s order book. The software used a 64-bit integer to calculate the total amount a buyer owed when completing a payment involving several offers.
Developers discovered that an attacker could create hundreds of specially priced offers and arrange for one payment to consume them. When the calculated total exceeded the integer’s maximum value, the number could wrap around to a much smaller amount. The system would still credit individual sellers with the full XRP amounts specified in their offers, even though the buyer paid only the reduced amount produced by the overflow. The difference would create XRP that had not previously existed.
According to the XRPL Foundation, the resulting cryptocurrency could be transferred to other accounts, traded or sent to exchanges. The report described the potential outcome: “An attacker could have created spendable XRP far beyond the total supply.”
The vulnerability could not be triggered through ordinary trading, according to developers. An attacker would have needed to create several hundred accounts, place unusually priced offers and submit a carefully constructed transaction to process them together. The existing security checks failed because the system’s supply verification used the same type of arithmetic that caused the original error.
Meanwhile, a separate account balance check could be bypassed by distributing the newly created XRP across multiple wallets.
Researcher uncovers potential 18 trillion XRP exploit The vulnerability came to developers’ attention after security researcher Cayden Liao and Veria AI tested the XRP Ledger’s open-source software.
Veria Labs published its findings on October 10, describing how its automated security testing system discovered the issue on September 21. The following day, researchers developed a working proof of concept on a local testing network.
According to the company, the demonstration showed that approximately 18 trillion XRP could be created through one specially designed transaction. The amount was equivalent to roughly 184 times XRP’s intended total supply, based on the researchers’ calculation. The figure describes the results of controlled security testing, not an actual increase in the cryptocurrency’s circulating supply. Liao submitted the vulnerability through the official XRPL bug bounty program on September 22.
RippleX engineers reproduced the problem on a standalone server and confirmed that the newly generated XRP could be spent in a subsequent payment.
The initial report classified the vulnerability as major, but developers raised its severity to critical after confirming the potential consequences. Veria Labs stated that the vulnerability could have placed XRP’s entire market value at risk if attackers had successfully exploited it. The company’s estimate was based on an approximately $94 billion XRP market capitalization at the time.
However, the $94 billion figure represents the researcher’s estimate of potential financial exposure, not confirmed losses. The security team found no evidence of unauthorized XRP creation on public networks. On October 8, Veria AI received the maximum $250,000 bounty for identifying and responsibly disclosing the issue.
RippleX releases emergency fix without normal approval process After confirming the vulnerability, RippleX engineers developed a fix between September 22 and September 23. The patch was incorporated into xrpld version 3.4.1, released on September 25.
According to the official disclosure, developers added checks that prevent the payment engine from accepting calculations exceeding the permitted integer range. The updated software rejects affected calculations and returns an ordinary payment failure instead of creating additional XRP. Engineers strengthened the network’s supply verification by replacing the existing arithmetic with a wider counter designed to detect similar errors. Additional balance calculations were reviewed as a precaution.
However, the decision to deploy the fix introduced an unusual situation for XRP Ledger governance. Normally, changes to transaction processing must pass through the network’s amendment system. An amendment requires support from more than 80% of trusted validators for two consecutive weeks before activation.
For the payment overflow vulnerability, developers decided to apply the fix immediately when validators upgraded their software. The XRPL Foundation explained that the normal process would have exposed the vulnerability while leaving it exploitable during the approval period.
Because the XRP Ledger software is open source, publishing a patch can reveal the location and nature of a vulnerability.
Developers concluded that waiting through the usual amendment process could have created additional security risks. The emergency approach carried a separate concern: validators running different software versions could disagree about how to process a malicious transaction.
In an extreme scenario, the disagreement could temporarily prevent the network from confirming new ledgers. The foundation said the decision was made in consultation with RippleX, validator operators and other XRPL contributors. By September 25, more than 80% of validators on the default Unique Node List had upgraded to version 3.4.1.
The public source code was subsequently released after the immediate security response. The XRPL Foundation’s release records describe version 3.4.1 as an emergency update addressing security-sensitive protocol issues.
XRP Ledger resolves second security flaw before Batch activation The October 9 disclosure covered another vulnerability involving the XRP Ledger’s Batch transaction feature. Batch allows developers to combine up to eight transactions into one operation. The feature supports different execution modes, including arrangements in which every transaction must succeed for the complete operation to be accepted.
During security testing, researchers discovered a validation error involving how individual transactions were packaged inside a Batch. The protocol required each transaction to use a specific field named RawTransaction.
However, the software could accept alternative field names under certain conditions. Investigators found that different server versions might process those incorrectly formatted transactions differently.
According to the XRPL Foundation, the resulting disagreement could interrupt network validation if the feature became active before the problem was corrected. The issue was originally identified during the Sherlock Attackathon and later examined by XRPL Foundation contributor Denis Angell. RippleX engineer Mayukha Vadari determined that the vulnerability created a potential consensus risk between server versions.
Developers responded by introducing the fixBatchV1_2 amendment. The amendment requires every Batch transaction to use the approved field format and rejects incorrectly packaged transactions. Validators temporarily withdrew support for the earlier BatchV1_1 activation schedule while developers completed the correction.
Both fixBatchV1_2 and BatchV1_1 activated on the XRP Ledger mainnet on October 9. The XRP Ledger Batch activation received support from 30 validators, with five opposing the upgrade, according to XRPScan figures included in the verified network report.
Earlier research into the Batch security review detailed the September 25 emergency release and the safeguards required before the feature could activate. The initial version had previously faced security concerns, including transaction authorization issues uncovered during developer reviews.
A separate XRP Ledger security audit in August documented 96 valid vulnerabilities identified during a Sherlock competition covering proposed protocol features.
For the latest Batch vulnerability, the XRPL Foundation confirmed that the affected amendments had not been active on mainnet when the issue was discovered. No user funds were lost, no private keys were compromised and no consensus failure occurred because of that particular flaw. The October 9 activation means servers running older software versions are now amendment blocked and must upgrade to version 3.4.1 or later to remain synchronized.
The XRPL Foundation said it is introducing an additional verification requirement for future software releases: previously reported security issues must be tested again against release candidates before being classified as fixed.
According to the foundation, the procedure will apply to findings from audits, bug bounty programs, AI-assisted security testing and other vulnerability assessments.
12 October 2026 | 07:41 XRP Ledger sits sixth in a major tokenized-asset ranking, where its RWA total exceeds $5 billion and raises a closer question about distribution.
The RWA.xyz network table lists XRP Ledger at number six, with $5.046 billion under RWA Total Value (Excl. Stablecoins), $4.550 billion in represented value, and 9.8% marked as distributed.
XRP Ledger is listed sixth on RWA.xyz, with $5.05 billion in tokenized assets excluding stablecoins. Read the whole XRPL row, not only the ranking The dashboard displayed three figures for XRP Ledger: $5.046 billion in “RWA Total Value (Excl. Stablecoins),” $4.550 billion in “RWA Value (Represented),” and 9.8% under “% Distributed.” Each label describes a different part of the tracker’s view of the network.
The key detail is the 9.8% distributed figure.
RWA.xyz separates the network’s total and represented values from the portion it labels as distributed. The table does not identify the holders, the relevant investor restrictions or the terms for transferring and redeeming every asset.
That leaves an important distinction between the size of financial products associated with a blockchain and the portion measured as distributed through it. A high placement in the ranking can show that major tokenized products have reached the network. It cannot, by itself, show how widely their units are held, how often they move or how easily they can be redeemed.
#6
XRPL’s listed position
The position shown in RWA.xyz’s network table at the time of checking.
$5.046B
RWA total value excluding stablecoins
The headline value displayed for the network in the ranking.
$4.550B
Represented RWA value
A separate field displayed by the tracker alongside the total.
9.8%
Share labelled “% Distributed”
The part of the row that prevents the total-value figure from being read as a simple measure of broad investor distribution.
Why Treasury and money-market products matter here XRPL’s tokenization story has grown around familiar institutional products: short-term U.S. Treasuries and money-market funds. These instruments give eligible investors a way to hold a regulated claim on cash-like assets while using blockchain infrastructure for recordkeeping, settlement or transfer processes.
Ondo Finance deployed OUSG on XRPL, bringing its tokenized short-term U.S. Treasury fund to the network for institutional investors. The product uses eligibility and compliance controls, so its availability depends on the investor and the applicable terms rather than the existence of a wallet alone.
The next part of the model is distribution through regulated market infrastructure. Archax provided access to abrdn’s U.S. dollar liquidity fund in tokenized form on XRPL. Its product page identifies the fund as available to professional and institutional investors, with investment minimums and specified dealing arrangements.
OpenEden’s partnership with Doppler Finance points to a third use: connecting Treasury-backed assets with XRPL-native liquidity. Together, these examples show how a network can carry tokenized products for cash management, fund access and settlement without turning every asset into an unrestricted retail token.
The ranking leaves out the terms that decide usefulness A tokenized fund unit can be valuable while still carrying important limits. The issuer may restrict who can subscribe, require investor verification, control transfers, set redemption windows or use an external legal register as the authoritative ownership record. Those conditions are part of the product, even when its representation appears on a public blockchain.
This is why a tokenized-asset total should be read beside the offering terms. A large represented value can signal institutional interest and a meaningful distribution partnership. It says less about secondary-market liquidity, holder concentration or how quickly a participant can enter and exit the product.
The same distinction applies across the wider onchain-finance market. Digital dollars can connect payments, treasury management and tokenized investments, but each layer has its own issuer, access rules and redemption process.
Stablecoins are deliberately outside this comparison RWA.xyz’s total shown in the XRPL row excludes stablecoins. That choice helps keep two separate financial functions visible. A stablecoin generally serves as a settlement balance, while a tokenized Treasury or money-market fund gives its holder an investment claim that may generate yield from underlying assets.
Both products can work together. An institution may use a stablecoin to settle a payment or subscribe to a fund, then hold the fund token as part of its cash-management strategy. Treating them as one measure of adoption would hide the difference between payment liquidity and investment exposure.
The ranking does not establish a fixed XRP-demand effect More tokenized assets can broaden XRPL’s role in fund distribution, asset administration and settlement. The ranking offers no fixed equation between that activity and XRP demand.
Each product has its own mechanics. Some flows may use XRP, RLUSD or another digital asset. Other arrangements may centre on issuer permissions, custodians and tokenized fund records. The $5.046 billion figure therefore provides evidence of financial products associated with XRPL; it does not provide a price target or a direct demand forecast for XRP.
The number to watch next Sixth place shows that XRPL has become a meaningful venue in the tokenized-asset landscape. The data point the headline misses is the distance between the network’s large total and the 9.8% share RWA.xyz labels as distributed.
That gap makes the next evidence easy to identify: a larger distributed share, more eligible holders, recurring subscriptions and redemptions, and tokenized assets being used repeatedly in settlement or collateral workflows. Those developments would show whether XRPL’s tokenized value is turning into a deeper and more active financial market.
This article is provided for informational purposes only and does not constitute financial or investment advice. RWA.xyz rankings and asset values may change as products are issued, redeemed, revalued or reclassified.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Major altcoins including XRP, Zcash (ZEC), Hyperliquid (HYPE), and Shiba Inu (SHIB) are trading near critical support levels after experiencing sharp downturns from their late-September highs. Traders and investors are watching closely to see if buyers can defend these zones and revive bullish momentum in the coming sessions.
XRP struggles to recover amid weak volumeXRP is changing hands near $1.395 following a steep decline from its recent high of $1.66 reached in late September. The coin briefly dropped to $1.32 during a sell-off in early October before recovering modestly. Despite this rebound, trading volume remains subdued, and the short-term trend continues to tilt downward.
Technical indicators suggest that XRP is hovering just below its 50-day moving average near $1.40, while the long-term average at $1.34 sits just underneath. Price has previously found support at this level. Market participants view $1.35 as a crucial threshold; maintaining it could reinforce the ongoing recovery, while a close below would increase downward pressure.
Immediate support levels lie at $1.35 and $1.32, with deeper backup near $1.25—the zone that fueled the August rally. Resistance can be found at $1.45 and the $1.50 mark, where sellers intervened several times in the past few weeks.
XRP needs to sustain a close above $1.45, paired with rising trading volumes, for the recovery to gain traction. Should this occur, the next target is $1.50, and breaking that could pave the way toward $1.60. Conversely, a close below $1.35 would likely send price toward $1.32 or possibly $1.25.
CoinCurrent PriceMain SupportKey ResistanceXRP$1.395$1.35, $1.32, $1.25$1.45, $1.50, $1.60ZEC$1,236$1,190, $1,100, $1,000$1,300, $1,400, $1,500HYPE$85.24$83, $78, $74$88, $92, $98SHIB$0.00000542$0.00000530, $0.00000510, $0.00000470-$0.00000450$0.00000560, $0.00000580, $0.00000600Zcash holds above $1,190 after sharp correctionZcash, a privacy-focused cryptocurrency that offers shielded transactions, is currently priced near $1,236 after a marked retreat from its high of $1,700 in late September. The token stabilized after bouncing from the $1,190 level and remains above its long-term average near $750, reflecting the strength of the earlier rally that began in August.
Despite its broader uptrend, ZEC’s short-term momentum is fading as it struggles beneath recent swing highs. Key support sits at $1,190 and, if breached, the next target would be $1,100 followed by the psychologically significant $1,000 mark. On the upside, resistance emerges at $1,300, while the $1,350 and $1,400 levels could limit gains in the short-term.
A successful daily close above $1,300, coupled with an increase in trading activity, would reinforce buyer confidence and could set the stage for a move toward $1,400 or even a retest of the late-September highs near $1,700. Otherwise, prolonged weakness below $1,190 may signal the rally is losing momentum. As market participation thins, a convincing directional move will likely require a substantial rise in trading volume.
Mini dictionary: Zcash (ZEC), launched in 2016, employs zero-knowledge proofs to allow fully private transactions, giving users the option to shield both sender and recipient details as well as transaction amounts.
Hyperliquid and Shiba Inu remain rangeboundHyperliquid (HYPE), a decentralized derivatives protocol token, is trading around $85.24, having slipped from its late-September peak of $98. The coin rebounded slightly after testing support near $83 and now trades just above its short-term moving average of $84 but remains under the resistance area at $88. The longer-term trajectory remains positive, as HYPE sits well above its principal moving averages at $64 and $76.
Key levels to watch for HYPE include support at $83, with additional backup at $78 and $74. Should HYPE succeed in closing above $88 with robust volume, it would target $92, while clearing $95 could challenge the previous high at $98. A decisive drop below $83, however, threatens to send the token down to $78 or lower.
Shiba Inu (SHIB) continues to hover below its long-term average of $0.00000560, pointing to a prevailing weak trend. The token is currently priced at $0.00000542, with buyers defending the $0.00000530 level. Immediate support remains at $0.00000530 and $0.00000510, while resistance can be found at $0.00000560 and again at $0.00000580. Clearance above $0.00000560 would indicate improving bullish momentum, with targets set at $0.00000580 and $0.00000600. Dropping below $0.00000510 would expose the support zone down to $0.00000470 and $0.00000450, which marked previous summer lows.
For HYPE and SHIB, the price action over the next few sessions will determine whether current support holds. A decisive break out of their respective trading ranges is needed to establish a clearer direction for both tokens.
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.
XRP (XRP): Trading near $1.395 after falling from a late-September high near $1.66, with a weak bounce and low volume. Holding $1.35 is key, and a close above $1.45 would strengthen the recovery, while a close below $1.35 would point toward $1.32 or lower.Zcash (ZEC): Trading near $1,236 after a steep drop from a late-September high near $1,700, and holding above $1,190 support even though the longer-term trend is still up. A close above $1,300 would favor buyers, while a break below $1,190 could open the way toward $1,100.Hyperliquid (HYPE): Trading near $85.24 after falling from a late-September peak near $98, and testing $83 support. A close above $88 would strengthen the bounce, while a close below $83 could push it toward $78.Shiba Inu (SHIB): Trading near $0.00000542, below its long-term average near $0.00000560, with buyers defending the $0.00000530 area. A close above $0.00000560 would shift momentum back to buyers, while a close below $0.00000510 could lead toward the $0.00000450 to $0.00000470 range.Can XRP Buyers Hold $1.35?XRP is trading near $1.395 after a sharp drop from its late-September high near $1.66. The coin fell hard on October 6 and 7, then found support near $1.32. Buyers have pushed it back up, but the bounce is weak so far. The main trend still leans down.
XRP sits just under the 50-day average near $1.40, and the long-term average near $1.34 is right below. Price has bounced off that line before, so it matters. Volume has been low in the past couple of sessions, which means the market lacks conviction.
Support sits at $1.35 and then at $1.32, the recent low. A deeper level is near $1.25, where the August rally started. Resistance is at $1.45, followed by the $1.50 zone, where sellers stepped in twice in late September and early October.
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If XRP closes above $1.45 with rising volume, the bounce gains strength. The next target is $1.50, and a clean break above it could open the way toward $1.60. Holding $1.35 on any pullback would support this view.
If XRP closes below $1.35, the bounce fails. The next stop is $1.32, and a break below that could send price toward $1.25. Losing $1.25 would weaken the bullish trend from the summer.
Zcash (ZEC) Price Analysis: Can Buyers Defend $1,200?Zcash is trading near $1,236 after a steep fall from its late-September high near $1,700. The drop was sharp, but the coin has stopped falling for now. It bounced from about $1,190 on October 10 and is holding above that level.
The larger trend is still up. ZEC stays far above its long-term average near $750, and that gap shows how strong the rally has been since August. The short-term trend has turned weaker, though, because price is now below the recent swing highs.
ZEC/USDT Chart by TradingViewSupport sits at $1,190, the level tested this week. Below that, the next zone is $1,100, where a deeper wick formed. Resistance is at $1,300, which matches the short-term average. Above that, the $1,350 area and the old breakdown zone near $1,400 are the next hurdles.
If ZEC closes above $1,300 with strong volume, buyers regain control. The next target is $1,400, and a move above $1,500 could bring back the late-September highs. Holding $1,190 on any dip would support this view.
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If ZEC closes below $1,190, the bounce fails. The next stop is $1,100, and a break below that could send price toward $1,000. Losing the $1,000 area could signal that the rally has lost its footing.
Volume has been light, so a clean move in either direction will likely need a bigger push in trading activity.
Hyperliquid Tumbles DownHyperliquid and Shiba Inu have both dropped from their late-September highs, but their charts tell different stories. HYPE trades near $85.24, while SHIB sits near $0.00000542. Both coins are testing support, so the next couple of sessions matter.
HYPE/USDT Chart by TradingViewHYPE peaked near $98 in late September and then fell to about $83. It has bounced slightly and now trades near $85. Price sits just above the short-term average near $84 and below the $88 area. The longer-term trend stays up, since HYPE remains well above its main averages near $64 and $76.
Support is at $83, the recent low, followed by $78 to $80, where the September breakout started. Resistance is at $88, then the $92 area, where sellers stepped in twice in early October.
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If HYPE closes above $88 with strong volume, the bounce gains strength. The next target is $92, and a move above $95 might test the late-September high near $98.
If HYPE closes below $83, the bounce fails. The next stop is $78, and losing that level could push price toward $74.
Shiba Inu's Wider TrendSHIB is still trading below its long-term average near $0.00000560, which keeps the wider trend weak. Price has held above $0.00000530 in the past few sessions, though, so buyers are defending that area. Support sits at $0.00000530, then $0.00000510, where a deeper wick formed on October 6. Resistance is at $0.00000560, followed by $0.00000580.
SHIB/USDT Chart by TradingViewIf SHIB closes above $0.00000560, the trend shifts back in buyers' favor. The next target is $0.00000580, and a push above $0.00000600 might retest the late-September high.
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If SHIB closes below $0.00000510, the support zone fails. The next stop is the $0.00000470 to $0.00000450 area, where the summer lows formed.
For HYPE, watch whether it can hold $83 and reclaim $88. For SHIB, watch whether it can close above $0.00000560. Until either coin breaks its range, both are likely to stay in a tight, cautious pattern.
XRP rebounded from the recent lows but it's still down by over 7% weekly.
The past week didn’t go well for the entire cryptocurrency market, with prices falling to local lows after BTC was rejected at $87,000 and dragged most altcoins with it.
The ETF flows were among the reasons behind the market-wide correction, as almost all exchange-traded funds tracking crypto assets were in the red. Almost all.
XRP ETFs Defy the Trend We will discuss in detail the major outflows from the spot BTC and ETH ETFs in another article, but we will just mention the end results here: $681 million in net outflows from the former, and $542 million from the latter. The funds tracking SOL bled out as well, with nearly $25 million taken out.
And then there were the XRP ETFs. Not only were they not in the red last week, but they actually performed better than the previous five-day trading period. Although there were three (out of five) trading days with no reportable action, which obviously is not ideal, they still attracted $3.14 million on October 6 and $8.17 million on October 8, ending the week with $11.31 million in net inflows.
Once again, the cumulative total net inflows hit a new all-time high of $1.8 billion. The week wasn’t perfect, as mentioned above, but it still extended the green-only streak to 13 consecutive weeks. It started in mid-July, and the financial vehicles have attracted over $300 million since then.
Bitwise’s XRP ETF remains the undisputed market leader, with cumulative net inflows of almost $688 million. Franklin Templeton’s XRPZ follows with $509 million, while Canary Capital’s XRPC is third with $487 million.
Spot XRP ETF Inflows. Source: SoSoValue XRP Still Suffers The ETF demand for Ripple’s cross-border token failed to prevent a price crash. The entire market unraveled in the past week, especially on Thursday, and XRP joined the ride south. The asset traded above $1.51 on Monday and Tuesday as analysts outlined the next major targets above $1.60 if it managed to break past that level, but the reality was different.
You may also like: BTC, ETH, XRP Crash Sparks Whale Accumulation as Buy Signals Appear Important Ripple News and XRP Price Update: October 8 XRP Nears Key Breakout as Analyst Eyes $2 Target: But Here’s the Catch XRP was rejected immediately, and the market-wide pullback drove it south hard to $1.32 on Thursday evening. This became a three-week low for the token, which finally rebounded after this calamity and currently stands at $1.40. Despite this recovery, XRP is still 7% down weekly, and analysts are still bullish even if it falls to $1.20 next.
XRP’s recovery is losing ground after sellers broke the $1.44–$1.45 support zone that had been holding since the September breakout. This decline raises the risk of another decline.
Previously, the token had been trading in a range-bound environment for over two weeks between $1.44 and $1.56. Later on, Ripple’s [XRP] selling accelerated on the 7th of October as sellers gained more steam.
That breakdown pushed the price toward $1.32, where buyers stepped in and triggered a modest rebound up to $1.39, where it was trading at the time of writing. Still, the token shows minimal momentum, with small candles suggesting limited buying conviction.
Source: TradingView Meanwhile, on the other hand, the former support at $1.44–$1.45 has become immediate resistance. As a result, this leaves the recovery open to being rejected again by sellers if they are able to retake control.
A retest of the $1.34 area would be expected if sellers successfully regain control. Yet, reclaiming the $1.45 level with significant volume would allow XRP to continue upward momentum toward $1.50, then possibly $1.56.
Open Interest drops 69% from its 2025 peak XRP’s recent price weakness is unfolding alongside an extremely large reset on leveraged trading, influencing the way investors are viewing the markets. Binance Open Interest (OI) peaked in 2025, reaching over $1.5 billion during the speculative highs.
However, it has since decreased by over 68% to roughly $464 million, showing that substantial speculative exposure has disappeared. Moreover, OI dropped sharply in late 2025 as XRP’s price began losing momentum, and it has remained subdued through 2026.
Source: CryptoQuant The decline in OI may result in less volatility due to liquidations and potentially provide a more stable base for the price. However, this lower amount of OI indicates there is less conviction among participants and significantly limited fresh capital.
Therefore, XRP requires increasing OI alongside improving price action to indicate that participants have returned, rather than simply the return of speculators.
XRP accumulation hits 100 With XRP’s derivatives market showing limited speculative participation, its latest price action suggests buyers may be rebuilding positions through accumulation. After falling sharply toward $1.32, XRP recovered toward $1.41, but the rebound has since stalled near $1.405.
The accumulation score has now reached 100/100. This simply indicates an overwhelming accumulation condition despite the incomplete recovery.
In addition to that, a 45% accumulation volume bias suggests buying interest is present. Still, this is despite it not producing a decisive breakout.
Source: X Meanwhile, falling MACD momentum and an Average Directional Index (ADX) reading of 13.5 indicate that directional strength remains weak. This creates a mixed outlook where, on one side, sustained accumulation could support a firmer base.
However, failure to hold at $1.40 risks renewed selling. Reclaiming $1.41 would strengthen recovery prospects.
Final Summary Ripple faces renewed downside risk after losing $1.44 support. XRP accumulation is rising, but recovery needs a break above $1.45.
Retail participants in the $XRP community are often characterized by a strong sense of optimism, fueled by bullish predictions and speculations on social media. Gina, known online as @Gina_XRP, offered a different perspective by challenging the ongoing enthusiasm surrounding the asset.
Gina’s caution for potential XRP buyersGina addressed newcomers considering an investment in XRP, urging them to look past the hype typically shared across the internet and on platforms like YouTube. She identified much of this promotional content as recycled narratives circulated by influencers for several years.
She specifically warned against expecting rapid or dramatic returns, such as 5x, 10x, or even 100x gains, in the near future. Gina emphasized that such outcomes are unlikely anytime soon, highlighting the risk that buyers may face a prolonged waiting period accompanied by a steady stream of repeated optimism.
“All the hype stories you see and hear on the internet, social media, and YouTube from so-called influencers are the same type of talk that’s been going on for years. If you buy in hoping for a 5x, 10x, or 100x return, it’s not happening anytime soon. You may end up holding for years hearing the same recycled hype.”
Gina described her message as a rare expression of honesty amid persistent over-excitement, noting that while significant price movement could occur in the long term, investors should be prepared for a potentially extended journey.
XRP’s historical price contextXRP, launched by Ripple Labs in 2012, reached an all-time high above $3 in January 2018, before entering a prolonged consolidation phase. The price did not revisit these levels until July 2025, when it briefly touched $3.65. For much of this period, XRP traded near $0.5.
Analysts link much of this stagnation to Ripple’s drawn-out legal battle with the US Securities and Exchange Commission (SEC), which created uncertainty in the market. Despite seeing significant gains in 2025, XRP has since corrected and now trades at $1.40.
Investors who purchased during the 2018 peak waited more than seven years to see a comparable price. Similarly, those buying at the 2025 high could face further delays before new highs emerge.
YearXRP Peak PriceApproximate Wait for Next High2018$3.007 years (until 2025)2025$3.65OngoingHer comments generated a range of responses. Some community members supported Gina’s realism, acknowledging that many newcomers were drawn by exaggerated profit expectations. Others criticized her approach, questioning her motivations and accusing her of negativity.
While some agreed with her caution, others claimed her post had no factual basis, with a few labeling it as pessimistic or even contradictory to her previous messages.
Some supporters highlighted the potential for large gains if invested wisely and patiently. One user mentioned that a $1 billion investment with substantial leverage could hypothetically yield a tenfold return. Meanwhile, long-term holders expressed conviction that an eventual breakout would reward their patience, with several vowing to hold for another decade if necessary.
Ripple Labs, the company behind XRP, has taken a central role in the cryptocurrency’s development and legal strategy. It focuses on facilitating cross-border payments and enabling real-time value transfers for financial institutions.
Mini dictionary: Ripple Labs, founded in 2012, is a fintech company that developed the XRP Ledger and the digital asset XRP, targeting efficient and cost-effective cross-border payments for banks and payment providers.
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.
XRP Kuwait validator has issued an open rebuttal to accusations that it has lost its independence following an emergency network update. The recent release of xrpld 3.4.1, a critical security patch that node operators installed almost simultaneously, sparked heated discussions across the crypto community.
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Such a response prompted accusations of hidden centralization within the XRP Ledger. However, XRP Kuwait categorically rejected this claim, stating that a shared risk assessment and a coordinated response to threats have nothing to do with the concept of centralized control.
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"We disagree with the claim that operators coordinating an update is, in itself, proof of centralized control. Coordination is not the same as control. Participating in a coordinated response does not replace our independent judgment," — XRP Kuwait representatives stated.
Why everyone is now debating XRP independenceThe validator was forced to take emergency measures after a payment engine vulnerability involving an integer overflow, which had remained undetected in the code since 2015. When processing hundreds of trade offers, the total exceeded the variable's limit and reset to zero.
As a result, recipients received their full amounts, while only a tiny "remainder" was deducted from the sender's account. The difference effectively generated new, unauthorized XRP coins outside the rules governing issuance.
The fact that this built-in safeguard, known as the invariant check, failed to detect the problem because of a similar overflow is exactly what fueled the fire. Because the protection mechanism was activated on nodes immediately after the software upgrade, without a network-wide vote, critics immediately questioned how independent the network's validators truly are if such sweeping changes can bypass standard governance.
A second patch closed a vulnerability in the Batch mechanism (XLS-56), where servers accepted inner transactions without the required RawTransaction wrapper. This threatened to cause software version divergence, consensus disputes, and a potential blockchain shutdown. The fix was tied to the fixBatchV1_2 amendment, which was successfully activated on Mainnet on October 9.
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According to the XRPL Foundation, the vulnerabilities were eliminated before attackers became aware of them. No loss of funds has been recorded, and all servers running older versions are now fully amendment-blocked and cut off from synchronization.
Yet it is the compliance of the validators during this emergency that triggered the current industry-wide standoff. In response, XRP Kuwait openly acknowledged that the network faces systemic decentralization challenges: "We do not claim that XRPL has no decentralization challenges."
Nevertheless, the validator emphasized that protecting ledger stability during critical incidents is fully compatible with the principles of technological autonomy, arguing that a swift, coordinated defense does not mean a lack of real independence.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP Ledger eyes crucial fixes and improvements over the next few days. According to XRPScan data, fixCleanup3_4_0 began its two-week activation window on October 5, 2026, with the earliest activation date being 9:34 AM UTC on October 23, 2026.
Validator support for the fixCleanup3_4_0 amendment must stay above 80% for it to launch. If it slips to 80% or lower even once, the amendment is rejected and the 14-day timer starts over.
This fixCleanup3_4_0 amendment is a collection of fixes for Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, trust lines, NFTs, MPTs, Escrow, Sponsorship, transaction signing, and permission delegation.
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FixCleanup3_4_0, which bundles amendment-gated fixes, was shipped in Version 3.4.0 of xrpld, the reference server implementation of the XRP Ledger protocol, and entered voting on September 17, 2026. The amendment has 81.25% consensus, with 26 out of 32 validators having voted for it.
The Permission Delegation and Batch amendments went live as a key milestone in the past week. The fixCleanup3_4_0 amendment is essential for Permission Delegation, as until it is enabled, users would not be able to delegate the PaymentBurn granular permission. Before the fix, a delegate with the PaymentBurn granular permission could also mint new fungible tokens (trust line tokens or MPTs) in certain circumstances. Other granular permissions are unaffected.
Wide-ranging protocol fixes anticipatedThis fixCleanup3_4_0 amendment is a collection of fixes: it excludes deleted domain offers from the Permissioned DEX invariant, so replacing an offer in one domain with an offer in another no longer triggers a violation.
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The fix prevents 'AMMClawback' from silently recovering zero when integer MPT rounding floors the amount, instead of burning the holder's LP tokens for nothing, and allows AMMClawback to bypass the owner-reserve check when it must auto-create the paired asset holding, so a compliance clawback is not blocked or vetoed by reserve requirements.
The fix rejects fake-XRP NFT offer amounts, exempts an IOU issuer from their own global freeze when creating an NFToken offer denominated in their own currency, and tightens permissioned DEX domain checks. It also recycles the escrow owner reserve in EscrowCancel and EscrowFinish, so returning IOUs to an owner at the reserve boundary no longer fails. It adds precision and rounding fixes across VaultDeposit, VaultWithdraw, and VaultClawback, so a vault's tracked total assets, available assets, and share supply stay consistent.
The fix refines freeze, authorization, credential, and destination handling for Single Asset Vaults and the Lending Protocol; for example, exempting loan defaults from asset freeze, refusing pseudo-accounts where they cannot participate, and validating permissioned-domain withdrawal destinations and rejecting 'PaymentBurn' payments that cross a zero balance.
The XRP Ledger is moving toward significant protocol improvements, as the fixCleanup3_4_0 amendment advances through its approval process. Data from XRPScan indicates that the amendment’s two-week activation window started on October 5, 2026. The earliest possible activation is scheduled for 9:34 AM UTC on October 23, 2026, provided it maintains the required validator support.
Validator Consensus and Launch MechanicsFor the fixCleanup3_4_0 amendment to become active, validator support must stay above 80% continuously during the voting period. If support falls to 80% or below at any point, the proposed changes are rejected, triggering a fresh 14-day voting cycle. As of now, consensus stands at 81.25%, with 26 out of 32 validators in favor, according to the latest figures.
The fixCleanup3_4_0 package includes multiple protocol enhancements and has been distributed as part of Version 3.4.0 of xrpld, the reference server implementation for the XRP Ledger. Voting for this amendment began on September 17, 2026.
Mini dictionary: xrpld, a reference implementation of the XRP Ledger protocol, serves as the backbone for nodes participating in the XRP Ledger, supporting transaction processing and amendment deployment.
Technical Enhancements and AmendmentsThe update brings targeted fixes across several XRP Ledger features, such as Single Asset Vaults, the Lending Protocol, Automated Market Makers (AMMs), the permissioned decentralized exchange (DEX), trust lines, non-fungible tokens (NFTs), MPTs, escrow, and permission handling for transactions and sponsorships.
Recent milestones include the activation of both the Permission Delegation and Batch amendments. Permission Delegation enables one account to delegate specific transaction permissions to another, enhancing access control mechanisms. However, full functional deployment relies on fixCleanup3_4_0 becoming active. Until then, users are unable to delegate the PaymentBurn granular permission. There have been cases where, without this fix, delegates with PaymentBurn permission could mint new fungible tokens under specific circumstances, which this update aims to correct.
In its current form, fixCleanup3_4_0 ensures a delegate with PaymentBurn permission cannot mint new tokens in scenarios where this was previously possible, maintaining proper separation of permissions and enhancing system security.
Improvements to Protocol Integrity and Asset HandlingAmong its technical corrections, fixCleanup3_4_0 removes deleted domain offers from the Permissioned DEX invariant, enabling seamless replacements across domains without triggering violations. The amendment also prevents the ‘AMMClawback’ functionality from returning zero when integer rounding reduces an MPT amount to nothing, and permits this function to bypass the owner-reserve check when creating a paired asset holding, facilitating compliance-sensitive clawbacks.
FeaturePrevious BehaviorPost-Amendment BehaviorPermissioned DEX domain offersReplacing offers between domains could cause violationsOffer replacement does not trigger invariant violationAMMClawback with zero valuePossible silent return with LP token burnNo tokens burned when result is zeroPaymentBurn permissionDelegates could mint tokens under certain conditionsStrict separation, token mint blockedThe amendment also addresses NFT offer validity, exempts issuers from their own global freeze rule when making NFToken offers in their currency, and enforces stricter permissioned DEX domain checks. For escrow-related transactions, it recycles the owner reserve for EscrowCancel and EscrowFinish, ensuring IOUs are returned efficiently at reserve limits. Additionally, it includes precision and rounding corrections for vault operations, keeping asset totals and share supply accurate and consistent.
Enhanced Control and Compliance FeaturesFor Single Asset Vaults and the Lending Protocol, fixCleanup3_4_0 enhances how the protocol manages freeze status, authorization, credentials, and destination restrictions. The update exempts loan defaults from asset freezes, blocks unauthorized pseudo-accounts, validates withdrawal destinations in permissioned domains, and rejects PaymentBurn transactions that attempt to process zero balances. These refinements are designed to improve compliance and ensure consistent transaction outcomes across the affected features.
FixCleanup3_4_0 introduces precision to asset handling and permission logic, supporting both institutional and individual users with improved security and reliability throughout the XRP Ledger network.
XRPL AI Hub recorded 13.49 million agentic transactions in October, marking rapid growth in autonomous payments across 168 registered merchants on the XRP Ledger. However, while the number of transactions soared, the value of funds actually moved through these payments stayed relatively modest.
XRP Ledger AI transactions accelerateJ. Ayo Akinyele, head of engineering at RippleX, noted an uptick in the adoption of automated payments within the XRP Ledger. In early October, agentic transactions reportedly made up roughly a quarter of all activity on the network during a given period.
Back in July, XRPL’s AI payments totaled just over one million transactions. By early September, nearly four million agentic transactions had been recorded, reflecting accelerating use by automated software agents.
Agentic payments, enabled by the x402 protocol, let autonomous software purchase digital services like API access, computing resources, or AI inference. These systems pay using either XRP, a native cryptocurrency, or RLUSD, a ripple-anchored stablecoin.
The x402 protocol first brought automated payment capabilities to blockchain-based software agents, eliminating the need for manual confirmation for each transaction.
Mini dictionary: x402 protocol, a payment protocol developed by XRPL that enables automated and autonomous transactions between AI agents and decentralized services, allowing for seamless machine-to-machine payments on the blockchain.
Transaction volume versus settlement valueDespite the impressive surge in transactions, settled value through the XRPL AI Hub paints a different picture. Around the October milestone, total cumulative settlements reached only 6,982 XRP and 12,010 RLUSD.
Compared with 13.49 million transactions, these figures suggest most payments are for very small amounts, indicating activity focused on microtransactions rather than significant commercial transfers.
The data does not clarify whether these payments involve independent customers or mostly represent automated, recurring transactions between systems. As such, high transaction numbers alone do not confirm broad commercial adoption.
MetricValue (October)Total agentic transactions13,490,000XRPL merchants168Total XRP settled6,982 XRPTotal RLUSD settled12,010 RLUSDSustained increases in both settlement volume and participation from paying users would provide clearer evidence of widespread adoption, beyond what rapid transaction growth alone shows.
Agentic transactions now account for a significant share of activity on the XRP Ledger, but the low settlement values indicate that the majority involve low-value microservices rather than substantial commercial flows.
Tools for developers and the roles of XRP and RLUSDRipple, a technology company focused on enterprise blockchain solutions, launched its XRPL AI Starter Kit in June to support developers building autonomous payment solutions. The kit offers wallet integration tools and supports both XRP and RLUSD for settlements, giving developers flexibility in how digital services are paid for.
Coinpaper, a digital asset publication, explained that RLUSD provides price stability for digital service transactions, while XRP natively powers value transfers on the network and settles transaction fees.
AssetPrimary PurposeXRPNative value transfer, covers transaction feesRLUSDStable pricing for services, dollar-pegged
A critical software vulnerability in the XRP Ledger (XRPL) protocol has been patched following the discovery of a flaw that could have allowed malicious actors to generate XRP tokens beyond the limits set by the network’s rules.
Integer overflow exposed supply riskThe issue emerged from an integer overflow in XRPL’s payment engine, a core component responsible for processing payments involving multiple assets on the ledger. Under certain conditions, transactions that consumed a large number of specially crafted offers could cause the system to miscalculate the amount of XRP owed by the sender.
Instead of failing transactions that surpassed the representable numerical range, the ledger would incorrectly “wrap around” the excess, reducing the calculated total to a much smaller figure. Recipients would receive full payment, but the sender would only lose the incorrect, reduced total of XRP, rather than the true sum.
This discrepancy meant that attackers could artificially inflate the supply of XRP, effectively bypassing the cryptocurrency’s supply limitations. The vulnerability also undermined the network’s detection safeguards, as its anti-creation mechanisms depended on the same arithmetic, allowing unauthorized XRP generation to go undetected.
During controlled testing, researchers confirmed the flaw enabled the unauthorized creation and subsequent transfer of XRP that did not exist prior to the exploit.
Mini dictionary: Integer overflow, a programming error where a calculation exceeds the computer’s storage capacity, can cause extremely large numbers to “wrap around” to a much smaller value, leading to serious security risks in financial and cryptographic systems.
Disclosure and emergency patchSecurity researchers Cayden Liao and Veria AI reported the vulnerability to XRPL’s bug bounty program on September 22. After reviewing the discovery, developers upgraded its classification from major to critical due to the risk of systemic compromise to the network.
Developers concluded that if the usual protocol amendment process was followed, the vulnerability could become public before a sufficient number of validators had protected the network, increasing the likelihood of exploitation.
On September 25, version 3.4.1 of the core implementation, xrpld, was released, adding additional overflow checks and reinforcing supply-protection mechanisms. Unlike standard protocol changes, which require over 80% of validators to approve an amendment for two consecutive weeks, this emergency update took effect as validators upgraded their software immediately.
By September 25, more than 80% of trusted validators had deployed the patched version, closing the vulnerability before it could be broadly exploited. Coinpaper previously covered the XRPL emergency release, though the full technical context became public only in October.
Additional vulnerabilities and governance debateIn an October 9 report, researchers also identified a separate problem involving Batch transactions that threatened to disrupt consensus across the XRPL network. Developers mitigated this risk through an additional amendment, fixBatchV1_2, which went live alongside BatchV1_1 on October 9.
These incidents follow a series of upgrade delays on XRPL, sparking ongoing discussion about network governance and the need for rapid, coordinated responses to critical security issues. The events have once again highlighted questions surrounding decision-making and transparency within the XRP Ledger community.
At 00:04 UTC on October 10, 2026, XRPL published the full source for xrpld 3.4.1, the emergency release that closed a payment-engine overflow. The researcher who reported it said a single crafted transaction could create 18 trillion $XRP, or 184 times the intended 100 billion supply.
The official disclosure says the bug let an attacker create $XRP from nothing and spend it like ordinary $XRP. RippleX reproduced the mint on a standalone server, verified that the new $XRP could be spent in a follow-up payment, and raised the finding from major to critical. XRPL says it found no evidence that anyone exploited the flaw on a public network.
The report arrived through the XRPL Bug Bounty program on September 22. Engineers developed and reviewed the fix over September 22 and 23, merged it into the xrpld 3.4.1 release branch on September 23, and released version 3.4.1 on September 25. More than 80 percent of validators on the default Unique Node List were running the patched version that day.
How one payment could create $XRP The exploit started with a few hundred attacker-controlled accounts. Each account placed an offer selling a tiny amount of another token for a very large amount of $XRP. Every offer was valid on its own. A payment from another account then consumed all those offers in one pass through the order book.
XRPL stored $XRP amounts as fixed-size integers. The payment engine used unchecked 64-bit addition to calculate what the buyer owed across the offers. Once the sum exceeded the integer limit, it wrapped to a small value. The engine credited every offer owner with the full amount while charging the buyer only the wrapped total. The gap became newly created $XRP.
The protocol’s two relevant safety checks failed to stop it. The no-$XRP-created invariant also used a 64-bit accumulator, so its calculation wrapped in the same way and made the net change resemble an ordinary transaction fee. The per-account balance check could not detect the aggregate mint because the attacker spread the $XRP across hundreds of accounts, leaving each balance below the supply limit.
The attack required only a few hundred $XRP for account and offer reserves, plus normal transaction fees. The reserves would be returned after the objects were removed. It could not happen through a normal payment or trade. An attacker had to build hundreds of offers with prices no real trader would use and then submit a payment designed to consume them together.
The researcher said Veria’s agent found both underlying bugs, chained them, and produced a working exploit on a local network. Veria reported the issue through the bug bounty program after manually checking the proof of concept. Ripple awarded the team the program’s maximum $250,000 bounty. The researcher described it as the largest bounty paid for a vulnerability discovered entirely by an AI agent, while the official report credits Cayden Liao and Veria AI for the original report and proof of concept.
The disclosure says the overflow had been present since the current payment engine was written in 2015. The no-$XRP-created invariant arrived two years later with the same unchecked arithmetic. That left a safety check and the code it monitored vulnerable to the same failure mode.
What xrpld 3.4.1 changes The patch adds overflow checks when the payment engine totals amounts across offers. A sum that would overflow now fails cleanly with a normal path-dry or partial-payment result. The release also checks the step that combines results from multiple payment paths.
Developers widened the no-$XRP-created invariant’s counter so that it cannot wrap in the same way. They also hardened other balance-aggregation paths as a precaution. The source commit changed seven files with 168 additions and 10 deletions, including the payment path code and the invariant.
The repair separates the production guard from the backup invariant. Payment aggregation now refuses the invalid sum before balances change. The wider invariant remains a second line of defense if another transaction path ever attempts to create $XRP through a different arithmetic error. Operators therefore need the new binary even if their applications never construct unusual order-book routes, because transaction validity is enforced by the server rather than the client.
XRPL shipped the payment fix without an amendment. Transaction-processing changes normally activate only after more than 80 percent of trusted validators support an amendment for two weeks. That route would have exposed the bug in public source while leaving it usable during the upgrade and voting window.
Direct activation created a different risk. During the upgrade, patched servers would reject the exploit while older servers would accept it. An attempted exploit could therefore have pushed old nodes out of sync or halted validation. XRPL judged that temporary risk safer than publishing an open minting exploit that would remain active for weeks.
For operators, the requirement is immediate: servers must run xrpld 3.4.1 or newer to stay synchronized. Older releases are now amendment blocked because the same release also included fixBatchV1_2, which became active on October 9. Payment and trading interfaces should treat a path-dry or partial-payment response on an extreme aggregate as the intended result rather than retrying around it.
For holders and venues, the important result is that XRPL found no public-network exploitation and says the malformed offers could not practically block normal payments. Their pricing put them below real liquidity, so ordinary payment and path-finding results did not reach them. The remaining open question is whether the new release re-verification step, which retests every fixed security finding against a release candidate, will uncover other arithmetic assumptions shared by transaction code and its invariants.
XRP is currently trading around $1.40, following an extended decline from its all-time high of $3.65. The latest price movement highlights continued selling pressure but also attracts attention from market commentators monitoring potential signs of recovery.
Technical overviewOn the weekly chart for Binance, XRP’s price shows a significant pullback from prior peak levels. The recent consolidation is visible near a key support zone, which analysts identify between approximately $0.80 and $1. This area represents structural support that has absorbed selling in previous phases.
Crypto analyst Xaif (@Xaif_Crypto) has noted that XRP appears to be “attempting to build a base around $1.40.” He emphasizes that this zone could play a pivotal role for future price action, especially as traders watch for signs of renewed momentum.
XRP is attempting to build a base around $1.40 after a sharp correction, according to Xaif. If buyers regain control, the next significant resistance areas are in the $2.00–$3.00 range.
Technically, XRP now hovers above its orange moving average on the weekly time frame. This is often considered a constructive sign during consolidation, as maintaining price action above such an average can provide a platform for recovery moves.
Key chart signalsIndicators such as the Weekly Momentum Pyramid System and LuxAlgo’s Order Block Detector currently show XRP at Stage 0 near its present value. This stage signals the potential early phase of a new momentum cycle.
Above the current level, the chart’s red resistance band stretches from about $2 to $3.60. This region includes the $2-$3 range that has previously proven a challenge for XRP bulls. According to Xaif, a move through these resistance levels could indicate a major shift in sentiment, provided the $1.40 base remains intact.
Xaif is a cryptocurrency analyst known for technical chart analysis and trend monitoring among digital assets.
Mini dictionary: LuxAlgo’s Order Block Detector – A technical analysis tool designed to identify key order block zones in price charts, helping traders spot areas of likely price reversals or high liquidity.
Price AreaSignificance$0.80–$1Key historical support zone$1.40Current base-building area$2–$3.60Major resistance zone$3.65All-time highCorrection and recovery prospectsXRP’s recent correction wiped out a considerable portion of the gains it made after climbing from multi-year lows to over $3. The move lasted several months, and the token now closes weekly candles around $1.40, reflecting the sustained downtrend.
Despite the pullback, XRP’s price still remains well above the important green support band. During past cycles, this area consistently attracted renewed buying interest, as visible in earlier chart history.
Xaif suggests that XRP’s recovery potential hinges on two conditions: holding the $1.40 base and breaking through resistance at $2–$3. Chart patterns indicate possible repeated tests of this resistance region rather than an immediate breakout.
The chart’s wave patterns within the resistance area suggest price could oscillate multiple times before any decisive movement above $3. The performance of XRP in the coming weeks will likely determine whether the current base can support another recovery move, or if price action weakens further toward lower support levels.
