Track market-moving stories before they get noisy

XRP’s recent price performance remains in focus as discussion over exchange-traded funds, tokenization, and institutional adoption intensifies. Ongoing debates highlight the apparent disconnect between positive ecosystem developments and the cryptocurrency’s market value.

XRP ETF inflows contrast with broader market outflowsDigital Asset Investor, a well-known figure in the crypto community, raised questions about XRP’s price movement compared to other leading digital assets. He cited recent data showing that XRP-based ETFs recorded $8 million in net inflows on Thursday, while ETFs tracking Bitcoin, Ethereum, Solana, and Zcash posted net outflows during the same period.

XRP’s price recently dropped to $1.30 before recovering to around $1.38. Despite these inflows, prediction-market expectations suggest that XRP could move above $1.60 by October, a target that remains subject to ongoing speculation.

He commented on the tendency of crypto media to focus heavily on Bitcoin, claiming that XRP and its developments often receive less attention. He further emphasized the importance of distinguishing between XRP, the digital asset, and Ripple, its parent company, pointing out that this differentiation has implications for market perception.

XRP-based ETFs recorded $8 million in net inflows, even as Bitcoin, Ethereum, Solana, and Zcash ETFs posted outflows. Digital Asset Investor suggested that these flows could influence how wealth managers allocate new capital if the trend continues.

He stated that continued inflows to XRP ETFs, against a backdrop of outflows from Bitcoin-linked products, could eventually alter institutional capital allocation as investors reassess the distribution of funds.

Tokenization’s potential market shiftDigital Asset Investor also addressed the growing impact of tokenization in financial markets. He referenced International Monetary Fund data, noting that about $65 billion in assets have been tokenized so far, compared to roughly $300 trillion in traditional capital markets.

He argued that this significant gap demonstrates the substantial room for tokenization to expand. Drawing historical parallels, he compared the current stage of crypto adoption to the early internet era, a time marked by investor speculation ahead of widespread technological implementation.

According to his view, current crypto valuations largely reflect expectations for future blockchain adoption, rather than immediate utility. He linked the ongoing development of tokenized financial markets to the evolution of foundational blockchain infrastructure.

Further discussion included institutional-grade services such as prime brokerage and capital efficiency, with a focus on how these mechanisms could shape XRP’s role as tokenization becomes more widespread.

Mini dictionary: Tokenization is the process of converting real-world assets, such as bonds, stocks, or property, into digital tokens on a blockchain. This allows assets to be traded more efficiently and transparently, and can expand access to traditional financial instruments.

Institutional infrastructure and Evernorth’s XRP exposureA key topic included the “XRP absorption vehicle” concept referenced by Digital Asset Investor. He described Evernorth, a company with announced plans for a public-market transaction and a sizable XRP holding, as potentially instrumental in this area.

He argued that such a mechanism could absorb excess XRP supply and bring the asset under regulated public market structures. Broader developments included the expansion of institutional infrastructure around digital assets, such as Ripple Prime, which aims to facilitate institutional trading and custody.

He maintained that overall market evolution toward tokenization could increasingly blur the lines between crypto platforms and legacy financial institutions as they adopt each other’s practices.

Mini dictionary: Evernorth is a company involved in health services and solutions, with strategic interests in emerging sectors including digital assets. It has reportedly undertaken plans for public-market activities related to XRP holdings.

Regulation and market transparencyRegulatory clarity remained central to his thesis. Digital Asset Investor cited comments from former New York Governor Andrew Cuomo, who underscored the need for clear digital asset regulations in the US. He highlighted ongoing efforts in Congress to address these issues.

He also referenced statements from Commodity Futures Trading Commission officials about a potential federal regulatory framework that could enable regulated crypto platforms to offer services such as margin trading.

In conclusion, Digital Asset Investor noted that, despite high-profile advancements in tokenization, institutional infrastructure, and ETF inflows, XRP’s price does not always reflect these significant developments.

The ongoing disconnect between major ecosystem progress and XRP’s market price highlights the challenges of valuing digital assets during periods of regulatory and structural transition.

Top cryptocurrencies have pulled back this month as investors booked profits following the rallies seen in August and September. Bitcoin (CRYPTO: BTC) retreated to $83,350 on Sunday, down from its September high of $87,200. 

Ethereum (CRYPTO: ETH) also slipped to $2,533 from its September peak of $2,806, while XRP (CRYPTO: XRP) fell to $1.4093 from a high of $1.6555. The market capitalization of all coins has dropped from over $2.9 trillion in September to $2.8 trillion.

XRP, Bitcoin, and Ethereum ETF Inflows Have ReversedThere are signs that American investors are starting to book profits after the recent surge. Data shows that spot Bitcoin ETFs have had over $388 million in outflows this month. This is a big reversal after the funds added $2.65 billion in October and $3.52 billion in the previous month. 

Ethereum ETFs have also suffered outflows in the last nine consecutive days. They have shed over $634 million this month after adding $832 million in September and $1.85 billion a month earlier. 

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XRP funds have done better, adding $12.09 million this month. They had over $121 million in inflows in September and $159 million in August. ETFs of other altcoins like Dogecoin, Hedera, and Zcash (CRYPTO: ZEC) have also had outflows. 

More data shows that futures open interest has slipped in the past few days. It has dropped from a high of $158 billion on September 21 to the current $142 billion.

US Bond Yields and Inflation ReportThe ongoing price action happened as US bond yields continued rising. Data shows that the ten-year yield jumped to the highest level in over two decades. It rose to a high of 5.36%, up sharply from the year-to-date low of 3.92%. 

Bitcoin and other risky assets tend to underperform the market whenever bond yields are rising. This also explains why gold and other precious metals have pulled back in the past few weeks.

The focus now is in the upcoming US consumer inflation report, which will provide hints on what to expect from the Fed. Economists expect the upcoming report to show that inflation continued rising last month. Precisely, the estimate is that the CPI rose to 3.6%, while the core CPI rose to 2.6%. 

These reports are important because they will have an impact on the Federal Reserve. Even so, because of the weak nonfarm payrolls report, economists expect the bank to leave rates unchanged between 3.75% and 4% in this meeting. 

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MAJURO, Marshall Islands, Oct. 11, 2026 (GLOBE NEWSWIRE) -- Remittix has set $0.46 as the final RTX presale price and planned minimum exchange launch price ahead of the token’s scheduled November 24, 2026 market debut.

RTX remains available at $0.23 during the current stage. The progression to $0.46 provides a defined pricing route as Remittix advances toward its $36 million hard cap and expands real-user testing of its crypto-to-bank application.

The announcement arrives as an ambitious XRP price prediction targets $20 and Zcash’s quantum-ready roadmap drives discussion of a potential $3,000 ZEC valuation. Both comparison assets show how specialized utility can attract major market attention, while Remittix offers earlier access to a platform targeting payments, trading and earning through one ecosystem.

Remittix Establishes the Final RTX Price Path

The $0.46 figure is the announced final presale price and planned minimum exchange launch price, not the current RTX price. RTX remains available at $0.23 while the present allocation lasts, establishing a clear progression before public trading.

Remittix has raised more than $32 million from over 40,000 participants. With a $36 million hard cap and November 24 debut confirmed, the project is now operating inside a finite pre-launch window rather than an open-ended presale.

The price path gives buyers four visible markers: the current entry, final tier, hard cap and official launch date. That structure focuses attention on the remaining allocation.

PayFi Gives Remittix a Large Real-World Market

The Remittix PayFi ecosystem aims to connect blockchain assets with ordinary financial settlement. A sender can fund an eligible payment with supported crypto while the recipient receives fiat through a compatible banking route.

One thousand invited holders can test EUR and USD transfers, with crypto-to-fiat and fiat-to-crypto functions available. USDT and USDC are supported across Ethereum, Celo, Base and Polygon, while further currencies, assets and networks are being prepared.

Beyond PayFi, the iOS wallet has exceeded 10,000 downloads and Remittix Markets has processed more than $50 million in trading volume. Remittix Earn is approaching release with advertised yields of up to 22% APY, giving the ecosystem potential inflows from payment users, active traders and yield-focused holders.

XRP Price Prediction Targets $20 as Zcash Eyes $3,000

XRP recently traded around $1.40. A move to $20 would represent more than fourteenfold growth and reflects an aggressive institutional-payments scenario built around ETF demand, stablecoin adoption, tokenized assets and expanded XRP Ledger use.

Zcash recently traded near $1,185, placing $3,000 roughly 153% higher. Developers have set a January target for quantum-resistant signature support intended to protect transparent payments, where approximately seven in ten issued ZEC currently sit.

XRP targets institutional financial flows, while Zcash emphasizes privacy and future-ready security. Remittix adds the consumer layer by turning supported crypto into usable fiat and connecting that payment function with a wider financial application.

The Final Stage Strengthens the Remittix Launch Setup

Remittix is approaching November 24 with several demand channels moving forward together. PayFi can generate payment activity, Markets can attract frequent traders, the wallet can onboard users and Earn can draw assets seeking higher yields.

The step from the current $0.23 price toward the announced $0.46 final stage is only the beginning of the public-market story. With a working ecosystem, more than 40,000 participants and a fixed launch date, RTX is positioned to enter trading as one of the most closely watched PayFi tokens of 2026.

About Remittix

Remittix is developing a connected PayFi ecosystem for crypto-to-bank and bank-to-crypto transactions. Its products include payment settlement, a mobile wallet, Remittix Markets and the forthcoming Remittix Earn service.

Website: https://remittix.io

X: https://x.com/remittix

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Company: Remittix
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Every project claims to have “the strongest community in crypto.” We set out to measure it. On September 28, 2026, we recorded for seven projects their social engagements over 24 hours (LunarCrush), the size and live presence of their Discord and Telegram servers, their subreddits and, above all, what their members actually did this year: votes, fundraising, events, code. The result: XRP leads on volume, Chainlink and Cardano follow, Kaspa and Qubic are the most mobilized small caps, and Dogecoin, with the largest audience of the seven, is not the most active. Here is the ranking, its criteria and its limits.

In Brief XRP is the most active crypto community by volume: 13.1 million engagements in 24 hours and 3.2% social dominance on September 28, 2026, among the top five cryptocurrencies worldwide according to LunarCrush. Chainlink has the largest Discord of the seven (111,365 members) and 6 million daily engagements; Cardano is the only one whose activity can be measured on-chain, with 135 DReps voting down the Cardano Summit budget in May. Kaspa shows the best presence ratio: 4,043 members online out of 53,110 on Discord; Qubic has the second-largest Discord in the ranking (56,740 members) and funded its presence at a tech event through a community crowdfunding closed in 48 hours. Dogecoin has the largest audience (4.4 million X followers, 2.6 million Reddit members) but an official Discord of 530 members and activity driven mostly by the Dogecoin Foundation. Telcoin closes the ranking by volume but stands out for active governance on its forum; Shiba Inu and Hedera are treated separately, for opposite reasons. An active community is measured by what it does, not by the number of followers it displays. We used four families of indicators, all recorded on September 28, 2026. Social engagements over 24 hours and social dominance, as published on the public pages of LunarCrush, which aggregates X, Reddit, YouTube and TikTok. The size and, more telling, the number of members online on official Discord and Telegram servers, read directly from public invitations. The size of subreddits (GummySearch data, updated between September 18 and 23). Finally, verifiable actions in 2026: governance votes, community fundraising, events, code contributions.

Two caveats. X followers and Reddit members are stocks accumulated over years; they measure an audience, not activity. And LunarCrush’s Galaxy Score, often quoted, mixes social signals with market data: a 35% price jump in a single day is enough to send it soaring, as the Hedera case shows.

Crypto24h engagementsSocial dominanceDiscord (members)X followersXRP13.1M3.2%16,715 3.17M (@Ripple)Chainlink6.0M1.0%111,3651.39MDogecoin2.7M0.9%5304.37MCardano2.6M0.9%no official server1.43MKaspa1.2M0.8%53,110237,000 (community account)Qubic405,6000.1%56,740100,100Telcoin383,7000.2%6,500112,000Sources: LunarCrush (engagements, dominance, 09/28/2026), public Discord invitations (09/28/2026), GummySearch (Reddit, 09/18-23/2026), AltIndex and LunarCrush (X, 09/28/2026). 1. XRP: The XRP Army Leads on Volume and on the Ground With 13.1 million engagements in 24 hours and 3.2% social dominance on September 28, XRP ranks among the five most discussed cryptocurrencies in the world, behind Bitcoin, Solana and Ethereum. No other community in this ranking comes close: that is more than double Chainlink and nearly five times Dogecoin. The r/XRP and r/Ripple subreddits total more than one million members, and 1.1 million users follow the asset on CoinGecko.

The “XRP Army”, which became Ripple’s secret weapon against the SEC, also has a physical calendar of its own. XRP Las Vegas, a conference organized by community members rather than by Ripple, took place on April 30 and May 1, 2026. In October, XRPL week in New York strings together a developer bootcamp (October 20-22), a 36-hour hackathon (October 24-25) and the merged Swell and XRPL Apex conferences (October 27-29), which expect more than 1,500 attendees according to the official XRP Ledger calendar. The flip side of this intensity: weighted sentiment measured by Santiment hit its lowest point of 2026 in June. An active community is not always a satisfied one.

2. Chainlink: The Largest Discord and the “LINK Marines” The “LINK Marines” do not make much noise on X (1.0% social dominance), but they are where the building happens. The official Chainlink Discord has 111,365 members, the largest of the seven, with 3,666 people online at the time of our snapshot, and the project shows 171 recent commits on GitHub, the most sustained development in the ranking. Chainlink also organizes its communities by region: Hong Kong, China, Korea, Southeast Asia, Vietnam, Thailand, India, Turkey, Portugal and Spain have official groups, listed on the project’s community page.

A 2026 change worth noting: Chainlink ended its Chainlink Rewards program, which distributed tokens from supported projects to LINK stakers. The June 26 blog post announces the evolution of the Build program after more than 80 supported projects, and the final claims, about $20 million in tokens, closed on July 7, according to the official post. The community remains; the direct incentive is gone.

Cardano is the only project in this ranking where community activity leaves an on-chain trace. In May 2026, delegates (DReps) rejected the request for 7.8 million ADA to fund the Cardano Summit: 65.21% in favor, below the 66.67% threshold, with 135 DReps representing 2.76 billion ADA, according to the Cardano Foundation’s May 30 announcement. The Summit was canceled. A community able to refuse money to its own conference is, at the very least, a community that votes.

In early September, the renewal of the Constitutional Committee was ratified by 69.36% of DReps and 51.18% of stake pool operators, against a 51% threshold, after several calls to vote from the official @Cardano account. On the ground, the Foundation’s first-year review of its events strategy, published in June, reports 20 events, more than 7,500 attendees, 1,139 developers reached and 855 sign-ups to its Academy, according to its June 2026 activity report. With 734,000 members on r/cardano and 2.6 million daily engagements, Cardano combines volume with measurable participation.

Relative to its size, Kaspa is the most present community in the ranking. Its official Discord had 53,110 members on September 28, 4,043 of them online at the time of the snapshot, the highest figure of the seven; its official Telegram had 30,842 members, 1,126 of them online. On CoinGecko, 179,453 users follow KAS, with bullish sentiment at 91.9%. This base carried the Toccata hard fork, activated on June 30, 2026, which gave the network native contracts and ZK verification, a step in the roadmap we covered.

Two particularities. Kaspa no longer has a clearly identified official X account: the historic @KaspaCurrency account now describes itself as an “Unaffiliated commentary account” (bio read on September 28), and the most followed account, @kaspaunchained, with 237,000 followers, presents itself as community-run and non-representative. The community therefore carries its own communication. It also argues: in late September, an exploit on the Kasplex layer 2 revived public criticism from a co-founder about ecosystem governance, without affecting layer 1. A community that argues in public is, here too, a living community.

5. Qubic: The Second-Largest Discord and the “Qubic Maxis” By market capitalization, Qubic should not appear in this ranking. By mobilization, it earns its place. With 100,000 followers on X, ten times fewer than Cardano, the project gathers 56,740 members on its official Discord, the second largest of the seven behind Chainlink, 3,342 of them online during our snapshot, and 18,361 members on Telegram. Its LunarCrush Galaxy Score of 73.8 is the second highest in the ranking, and 93.3% of CoinGecko users following it describe themselves as bullish.

Actions follow. In January 2026, the community itself funded Qubic’s presence at T3chFest in Madrid, Spain’s largest developer event: 6.97 billion QUBIC, about $4,880 at the time, raised in under 48 hours by more than 25 donors, with no project treasury involved, according to the account published on the official blog, whose title claims a spot secured “through pure community power.“

The community is also consulted on what comes next. The recap of the September 17, 2026 All-Hands puts a tokenomics proposal up for Discord feedback: buy QUBIC on the open market and burn it immediately, with a $1 million pilot split into two tickets of about $500,000 over 15 epochs, roughly three and a half months; the text also plans to repay investors 1.25 times their stake over twelve months. The same recap announces, within two weeks, a technical Q&A session open to the community on BPP-9000, the useful mining algorithm of Qubic that since the summer has rewarded the quality of solutions rather than their number.

On the ground, the campaign run with Alchemy Pay from July 29 to August 28 brought in 38 unique buyers for $12,613 worth of QUBIC, 72% of them from Europe, according to the same recap; a new wave is announced for October. On the developer side, the project reports 307 commits to its main branches in four weeks, across more than 20 repositories (a figure provided by Qubic, not comparable with Chainlink’s GitHub snapshot), launched a dedicated @QubicDev account on July 31, and released on August 4 a kit that lets developers test their smart contracts locally for free, according to the August 6 All-Hands recap. Weak spot: only 3,000 members on Reddit and 0.1% social dominance; activity remains concentrated on Discord.

6. Dogecoin: The Largest Audience, Not the Most Active This is the surprise of the ranking. Dogecoin has the largest audience of the seven, 4.37 million followers on X and 2.6 million members on r/dogecoin, the biggest subreddit on this list. But measured activity does not follow: 2.7 million engagements in 24 hours, one fifth of XRP, 0.9% social dominance, and an official Discord server, the one linked from dogecoin.com, with 530 members, 95 of them online. The audience is huge; the mobilization is diffuse.

The highlights of 2026 in fact came from the top. On February 18, the Nasdaq bell ringing for the 21shares Dogecoin ETF came with a “#ChooseMyShibe” campaign credited with more than 1.2 million impressions, according to House of Doge’s press release. In April, MoonPay, the Dogecoin Foundation and House of Doge donated 1 million DOGE to an animal welfare fund. These are organizational operations, not grassroots initiatives. The Dogecoin community remains one of the most loyal in crypto; in 2026, it is no longer one of the most active.

Telcoin closes the ranking by volume, with 383,700 daily engagements, 112,000 followers on X, 19,000 members on r/Telcoin and two modest Discord servers (6,500 and 1,567 members). What sets it apart lies elsewhere: the Telcoin Association runs a governance forum where proposals are genuinely debated. The TEL token evolution proposal, published on June 29, had 41 replies and 3,384 views as of September 28; a September proposal on a telecom partnership had 45, according to the forum’s proposals section. Councils meet every two weeks on the Association’s Discord.

This community also had reasons to get excited in 2026: on June 23, Telcoin launched the first regulated on-chain bank accounts in the United States, under a Nebraska charter, a milestone we covered in June. Its Galaxy Score of 69.6, fourth in the ranking, points to a small but engaged community.

Two Special Cases: Shiba Inu and Hedera The “Shib Army” is, on paper, one of the largest communities in crypto: 3.9 million followers on X, 552,000 members on r/SHIBArmy, 71,439 on Telegram. But its activity indicators are the weakest of the nine projects we examined: a Galaxy Score of 45.7, 55% sentiment, 1.1 million daily engagements, a Discord of 1,844 members, and a lead developer, Shytoshi Kusama, silent on X since May 13. A large community, barely active in 2026, according to LunarCrush data.

Hedera is the opposite case: the highest Galaxy Score of all, 88.0, on September 28. But that day, HBAR gained 35% in 24 hours, and the score reflects this rise as much as social activity. The “600,000 members” across platforms claimed on the project’s Community Hub are self-reported. The official Discord, with 13,096 members, 1,413 of them online, and the Hello Future Apex hackathon, with a $250,000 prize pool, are stronger signals, but not enough to place Hedera in the ranking with certainty.

What This Ranking Does Not Tell You It captures a single day, September 28, 2026, and social engagements vary sharply with news and price. It does not distinguish human accounts from automated ones, a bias that affects every platform. It overlooks non-English communities, often active on channels that aggregators do not read, such as Chainlink’s regional Telegram groups or Qubic France. And it says nothing about the quality of a project or the direction of a price: a large community has never stopped an asset from falling.

The next measurable milestones are dated: XRPL and Swell week in New York from October 20 to 29, with its attendance figures, and, for Qubic, the outcome of the token buyback-and-burn proposal debated on Discord, followed by the October Alchemy Pay wave. We will update this ranking in the first quarter of 2027, using the same criteria.

FAQ Which crypto has the most active community in 2026? By volume, XRP: 13.1 million engagements in 24 hours and 3.2% social dominance on September 28, 2026, according to LunarCrush. Relative to size, Kaspa and Qubic are the most mobilized.

Doesn't Dogecoin have the biggest crypto community? The biggest audience, yes: 4.4 million X followers and 2.6 million Reddit members. But its measured activity (2.7 million daily engagements, an official Discord of 530 members) is lower than that of XRP, Chainlink and Cardano.

How do you measure the activity of a crypto community? Through social engagements over a given period (LunarCrush, Santiment), the number of members online on Discord and Telegram, participation in governance votes, and verifiable actions: fundraising, events, code contributions.

Does an active community push the price up? No, not mechanically. Shiba Inu has one of the largest communities and one of the lowest activity levels of 2026; Hedera’s Galaxy Score jumped with its price, not the other way around. Crypto markets remain volatile and carry a risk of capital loss.

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The Cointribune editorial team unites its voices to address topics related to cryptocurrencies, investment, the metaverse, and NFTs, while striving to answer your questions as best as possible.

A hardware wallet security alert has rocked the XRP and cryptocurrency community, raising questions about how millions protect their digital assets. The recent compromise of Ledger hardware wallet devices resulted in more than $90 million in user losses, according to reports from Southeast Asia.

Ledger wallets targeted in supply chain attackThe affected users reportedly purchased their devices through CryptoBilis, a regional reseller with operations in Malaysia, Indonesia, and the Philippines. Investigations suggest that the attack involved tampered wallets, where devices reached buyers with seed phrases already known to bad actors.

Ledger immediately halted all sales through CryptoBilis while probing the source of the incident. The theory that emerged centers on a supply chain breach, which enabled attackers to distribute compromised hardware wallets before they arrived in the hands of customers.

Seed phrases operate as the master keys to digital wallets. When a device arrives with a pre-set seed phrase, any assets sent to that wallet could be accessed and drained by those with prior knowledge of that phrase.

On the risks of buying hardware wallets online, Dom Kwok, co-founder of EasyA, emphasized that users must generate their own seed phrases during setup. He highlighted that if a wallet arrives with a pre-filled seed phrase, it is already compromised and should never be used for storing digital assets.

How users can protect their assetsSome XRP holders expressed concerns over whether purchasing hardware wallets directly from a manufacturer’s official website would guarantee safety. The response from community members clarified that legitimate devices prompt users to generate a unique seed phrase during their initial setup on the device, ensuring that no one else, including the manufacturer, sees it.

The security breach has renewed focus on alternative wallet solutions designed to minimize similar risks. For instance, Tangem offers a hardware wallet in credit-card format, using NFC technology to generate and store private keys directly on the card, effectively removing reliance on seed phrases. Xaman, which is a software wallet purpose-built for the XRP Ledger, stores private keys on mobile devices and also provides an NFC card option that adds an extra hardware security layer in partnership with Tangem.

Kwok advised users to avoid devices that arrive with pre-set credentials. Instead, generating a new seed phrase during setup on a device obtained via reputable channels provides a layer of defense against such threats.

Seed phrase attacks highlight the need for constant vigilance in crypto security. As attackers use increasingly sophisticated tactics, experts stress that investors must remain cautious about new attack vectors targeting both hardware and software wallets.

New technological tools for risk managementWith shifting market conditions and unpredictable risks, investors need to monitor portfolios and market data across multiple apps, which can make it difficult to react quickly to threats. In a market where a single Fed decision or an unexpected altcoin listing could transform the landscape within seconds, tracking resources in fragmented platforms can cost traders money. As a result, many are now turning to privacy-focused solutions such as CryptoAppsy, which provide a consolidated dashboard featuring real-time charts, actionable price alerts, coin-specific news, and macro-economic data—without requiring users to create accounts.

Projects like CryptoAppsy aim to simplify the monitoring process, allowing users to make more informed decisions and respond rapidly to sudden shifts in the market by integrating advanced tracking and alert features on a single screen.

While hardware wallets remain a core element in digital asset security, this incident reveals that threats can emerge even through supply chains. Investors are urged to use only trusted sources, generate their own seed phrases, and consider adopting tools designed to streamline market oversight and risk management.

RippleX engineer Mayukha Vadari has raised concerns about new security threats facing cryptocurrencies as artificial intelligence rapidly advances. The warning follows the disclosure of a critical vulnerability in the XRP Ledger (XRPL) that exposed the network to a risk of unauthorized minting of trillions of XRP tokens.

AI exposes new risks in blockchain securityVadari shared insights on X, stressing that artificial intelligence tools now make it much easier for attackers to detect, reverse-engineer, and exploit vulnerabilities in blockchain systems. He noted, “Things have changed with AI. You can’t just sneak in a critical bug patch in a regular public release process, because you’re going to get caught and reverse engineered right away.”

His comments follow the public disclosure of a major bug that had been lurking in the XRP Ledger for nearly a decade. The flaw, once triggered, could have severely disrupted XRP’s ecosystem by enabling the creation of new tokens far beyond the platform’s fixed supply of 100 billion XRP.

Vulnerability discovered and reportedThe vulnerability was uncovered on September 21 by Veria AI, an artificial intelligence-based security solution from Veria Labs. On the following day, their researchers filed a bug report with the XRP Ledger bug bounty program.

According to Veria Labs, this security flaw could have allowed a single transaction to mint up to 18.45 trillion XRP. This figure is more than 184 times the original total supply authorized by the network.

If exploited, attackers could have distributed the newly minted XRP by transferring it to various exchanges, threatening the integrity of the entire market capitalization, which researchers estimated at $94 billion when the bug was disclosed.

Mini dictionary: Veria AI — An advanced, AI-powered security system developed by Veria Labs, specializing in proactive threat detection and vulnerability assessment in blockchain networks.

To date, XRPL developers have not identified any evidence indicating that the bug was exploited on the public blockchain.

How the bug workedThe issue originated in code introduced to the XRPL in 2015. It affected how the ledger processed multiple offers for XRP trades on its decentralized exchange. Specifically, the flaw enabled attackers to create hundreds of abnormal trading offers with exaggerated XRP values.

If these offers were processed together, the system’s 64-bit integer calculations could overflow. Instead of flagging the error and rejecting the transaction, the network would underestimate the total payment amount, crediting sellers with the intended value while charging the buyer only a tiny fraction.

Affected FeatureYear IntroducedPotential Impact (in XRP)Real Exploitation EvidenceMulti-offer payment calculation in DEX201518.45 trillion XRPNoEven the XRPL’s native safeguards, designed to prevent the unauthorized creation of new XRP, were vulnerable due to similar calculation errors.

Emergency update and open-source concernsIn response, the XRPL development team opted for an unusual remediation approach. On September 25, they released an emergency update labeled xrpld 3.4.1. Notably, the source code for the fix has not been made public immediately. Developers have withheld the code to prevent potential exploitation while networks update their nodes.

This strategy has prompted criticism from some quarters of the cryptocurrency community, as it temporarily restricts access to the source code. Detractors have argued that limiting code transparency conflicts with the open-source principles on which XRPL was built, even if it aims to protect the network from attack during critical periods.

Artificial intelligence has shifted the landscape for blockchain security, making it harder to quietly patch critical vulnerabilities. Developers have urged that swift, but sometimes controversial, action is necessary to safeguard crypto assets against ever more sophisticated threats.

BNY Mellon has explicitly listed XRP as part of its global payments strategy in a recent stablecoin publication, drawing significant attention from digital asset researchers and the wider crypto community.

BNY Mellon’s approach to corporate paymentsIn a section titled “Ripple and BNY: Speeding Up Cross-Border Payments With Stablecoins,” the publication outlines collaborations between BNY Mellon and Ripple focused on digital assets. The document states that the goal is to support corporate treasuries in moving funds around the clock and in real time using both stablecoins and digital assets such as XRP.

Crypto researcher SMQKE highlighted the relevance of XRP’s mention in the report, emphasizing its role in BNY Mellon’s global payments framework and bringing the reference to the attention of X (formerly Twitter) users. He cited the text, noting how it connects XRP to BNY Mellon’s broader payments ambitions.

A recent BNY Mellon report specifies that the bank aims to help corporate treasuries move money “24/7/365, in real time, through stablecoins and digital assets like XRP.”

BNY Mellon, founded in 1784, is one of the world’s oldest and largest financial institutions, specializing in investment services and asset management. Its foray into digital assets signals the increasing role of blockchain technology in traditional banking operations.

Details on the Ripple partnership and RLUSD stablecoinThe publication confirms that BNY Mellon became the primary reserve custodian for Ripple USD (RLUSD), a stablecoin launched in July 2025 and designed primarily for corporate and institutional payments. RLUSD aims to offer greater speed, lower costs, and improved efficiency for cross-border transactions.

In October 2025, Ripple reportedly acquired a treasury management system from GTreasury to further streamline corporate money movement across digital assets, including RLUSD and XRP. Ripple’s Senior Vice President of Stablecoins, Jack McDonald, underlined the intent to strengthen, rather than replace, the connection between corporations and banks, highlighting BNY Mellon’s central role.

The report stresses the importance of interoperability between tokenized deposits and stablecoins, viewing it as crucial for deploying these solutions at scale.

Mini dictionary: RLUSD — Ripple USD is a Ripple-issued stablecoin primarily designed for corporate treasury and large-scale financial transactions, aiming to facilitate faster and more efficient cross-border settlements.

XRP’s position in BNY Mellon’s payments planWhile XRP is directly referenced as part of BNY Mellon’s payments infrastructure, the publication does not specify that the bank currently uses XRP for all payment transactions. Community members such as Zoid pointed out that necessary infrastructure might already be in place, but activation could depend on future developments or evolving demand.

Some observers highlight that although BNY Mellon includes XRP in its ecosystem, whether XRP will be actively used for direct transactions or exist alongside stablecoins remains uncertain.

David Arnal, another industry commentator, noted that XRP’s explicit mention by BNY Mellon is notable but does not guarantee that the bank will conduct payments directly with XRP rather than listing it as an available option.

Despite these uncertainties, XRP’s placement within the document has sparked renewed interest regarding its potential role in the future of institutional payments.

Justin Bons, the founder and chief investment officer of Dutch blockchain fund Cyber Capital, has sharply criticized $XRP and its governance model, raising questions about the cryptocurrency’s decentralization and the transparency of its validator software.

XRP validator software under scrutinyBons alleged that $XRP has been running on closed-source validator code for the past two weeks. He claimed that this code would soon become mandatory for all validators, meaning those who do not adopt it could be excluded from participating in the network.

He attributed this situation to a permissioned node list, maintained by entities responsible for the $XRP network. Validators, he argued, must comply with the software and requirements dictated by those who control these lists.

Bons asserted that the use of closed-source binaries could expose validators and the network to significant risks, suggesting that malicious code has the potential to steal funds or disrupt the system. He maintained that “selling $XRP to retail as ‘decentralized’ is straight-up fraud,” and described the mandatory implementation of closed-source code as a clear threat to the principles of open networks.

Bons also dismissed the justification that closed-source code might be necessary for critical security updates. He compared $XRP’s approach to that of Bitcoin, Ethereum, and Solana, stating that other major networks have historically implemented fixes and upgrades by inviting validators to run new, open-source code—even when security vulnerability details have not been widely disclosed.

He argued that this ongoing transparency allows validators to inspect the underlying code for themselves, achieving a balance between user security and decentralized integrity.

Criticism of Ripple’s consensus structureBons directed further criticism at the consensus system underlying the $XRP network. He labeled it as operating on a Proof of Authority (PoA) basis—a consensus mechanism where authority is established by designated entities. Ripple, a US-based enterprise blockchain company, and the XRP Ledger Foundation reportedly maintain the two critical permissioned validator lists governing network participation.

Bons argued that this system means XRP is reliant on permissioned entities rather than an open, permissionless network. He drew a comparison to Canton’s blockchain network, noting that while both platforms control validators through permissions, Canton is more transparent about its governance model.

Mini dictionary: Proof of Authority (PoA) is a blockchain consensus mechanism where a set of approved accounts, rather than anonymous or permissionless participants, are responsible for validating transactions and creating blocks. Authority is usually granted to entities selected by a central organization, often leading to greater speed and efficiency but with decreased decentralization compared to Proof of Work or Proof of Stake models.

Allegations of misrepresentation and centralizationThe Cyber Capital founder took issue with what he described as Ripple’s portrayal of $XRP as a decentralized network. He contended that externally, crypto researchers do not recognize $XRP as decentralized, viewing it as one of the most centralized blockchain projects.

He emphasized that “crypto researchers outside the $XRP ecosystem generally consider the token’s decentralization narrative a ‘bad joke’,” arguing that convincing retail investors otherwise misleads the market in a way akin to investment fraud.

Bons pointed to the token’s supply distribution as further evidence of his claims. He said Ripple originally allocated the entire $XRP supply to itself and has gradually sold tokens to the public—a process raising further concerns over centralization and the potential for manipulation.

Calls for greater decentralizationSumming up his position, Bons warned that concentrated authority within blockchains, such as he sees in $XRP’s design, could be exploited. He encouraged users to migrate to alternative blockchains that prioritize genuine decentralization, scalability, and sound governance.

Bitcoin, Ethereum ve XRP son günlerde sert kayıplar yaşarken büyük yatırımcılar düşüşü alım fırsatı olarak değerlendirdi. Analist Ali Martinez’in paylaştığı verilere göre balinalar, 72 saat içinde 1,2 milyar doların üzerinde Bitcoin biriktirdi. Ethereum ve XRP tarafında da dikkat çeken alımlar gerçekleşti.

Bitcoin 87.000 dolardan 81.000 doların altına gerilerken Ethereum 2.700 dolardan 2.400 dolara kadar düştü. XRP de haftalık bazda çift haneli kayıp yaşadı. Fiyatlar düşerken üç kripto paranın 4 saatlik grafiklerinde de TD Sequential göstergesi alım sinyali verdi. Şimdi asıl soru, balinaların alımları ve teknik sinyallerin bir toparlanmaya dönüşüp dönüşmeyeceği.

Bitcoin Balinaları 72 Saatte 1,2 Milyar Dolarlık Alım Yaptı Bitcoin’deki sert düşüşün arkasında spot Bitcoin ETF’lerinden para çıkışları, makroekonomik gelişmeler, kâr satışları ve ABD hükümetiyle bağlantılı büyük transferlerin yarattığı endişeler bulunuyordu. Ancak fiyat gerilerken büyük yatırımcıların davranışı farklılaştı.

Ali Martinez balinaların yalnızca 72 saat içinde 1,2 milyar doların üzerinde Bitcoin aldığını belirtti. Bu birikim, fiyatın birkaç gün içinde yaklaşık %7 gerilediği dönemde gerçekleşti.

Martinez’in dikkat çektiği bir diğer gelişme, Bitcoin’in 4 saatlik grafiğinde oluşan TD Sequential alım sinyali. Gösterge, sert düşüşün ardından olası bir tepkiye işaret ediyor. Ancak bu sinyal tek başına düşüşün sona erdiğini veya yükselişin başlayacağını kanıtlamıyor.

https://twtter.com/alicharts/status/2108106512749179185?s=20

Ethereum Balinaları Düşüşte 166 Bin ETH Topladı Ethereum da satış baskısından kaçamadı. Fiyat, 2.700 doların üzerindeki seviyelerden 2.400 dolara kadar geriledi. Cuma günü 2.500 dolara doğru toparlanmasına rağmen haftalık kayıp yaklaşık %8 seviyesinde kaldı.

Bu süreçte Ethereum balinaları da alım yaptı. Martinez’in verilerine göre büyük yatırımcıların elindeki ETH miktarı %0,64 arttı. Bu değişim yaklaşık 166.000 ETH’lik birikime karşılık geliyor.

Ethereum’un 4 saatlik grafiğinde de fiyatın 2.550 doların altına gerilemesinin ardından TD Sequential alım sinyali oluştu. Martinez, olası bir toparlanmada 2.620–2.650 dolar aralığını gündeme getirdi.

Bu seviyeler kesin fiyat hedefleri değil, analistin değerlendirdiği olası toparlanma bölgesi. Ethereum’un bu aralığa ulaşabilmesi için satış baskısının hafiflemesi ve alıcıların piyasada kalıcı biçimde güç kazanması gerekiyor.

XRP Balinaları Düşüşte 63 Milyon Dolarlık Alım Yaptı XRP haftalık bazda çift haneli kayıp yaşamasına rağmen balinaların ilgisini çekti. Fiyatın 1,34 dolara kadar gerilemesinin ardından 1,51 dolardaki bölgeden gelen reddedilme ve sonraki geri çekilme sırasında büyük yatırımcılar yeniden alıma yöneldi.

Martinez’e göre balinalar düşüş boyunca 45 milyondan fazla XRP satın aldı. Bu miktarın değeri yaklaşık 63 milyon dolar olarak hesaplandı.

XRP’nin 4 saatlik grafiğinde de TD Sequential alım sinyali görüldü. Martinez, önceki satış sinyalinin yerel zirveye yakın oluştuğunu belirterek yeni alım sinyalinin yerel bir dip oluşturup oluşturmadığının izlenmesi gerektiğini söyledi.

Bitcoin, Ethereum ve XRP’deki balina alımları düşüş sırasında talebin arttığına işaret ediyor. Ancak fiyatlarda kalıcı bir toparlanma görülmedikçe bu birikimi yeni bir yükselişin başladığı şeklinde yorumlamak için erken.

Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

XRP experienced a sharp decline to $1.32 this week, sweeping through a significant zone of sell-side liquidity before posting a rapid recovery to $1.40. The price action attracted close analysis from market participants and prompted traders to monitor whether the asset can sustain this reversal and reclaim higher levels in the coming sessions.

Key technical signals on XRP priceAnalyst Xaif (@Xaif_Crypto) examined the situation using the 1-hour chart and highlighted two main technical indicators in his review: the BigBeluga Smart Money Concepts tool and the LuxAlgo Buyside and Sellside Liquidity indicator. These tools allow traders to pinpoint the positioning of major liquidity relative to price movements.

The major turning point came when XRP dropped below $1.32, after previously rallying above $1.50. This drop brushed aside several support levels, ultimately generating a Break of Structure signal at the $1.32 low. In response, the asset rebounded sharply, stabilizing around $1.40.

Multiple resistance areas now lie directly above, with supply zones mapped at $1.42, $1.47, $1.52, and $1.55. Each is marked by heightened seller activity, making them critical levels for bulls to challenge in upcoming sessions.

XRP swept sell-side liquidity near $1.32 before reversing and recovering to $1.40. A reclaim of $1.42 could open the path toward the $1.47 buy-side liquidity zone. The next move will depend on whether bulls can turn $1.42 from resistance into support.

Bulls face a crucial test at $1.42Xaif identified $1.42 as the immediate level to monitor, stating that a convincing breakout above this resistance could clear the way toward the $1.47 buy-side liquidity area. The $1.47 zone has historical buy orders and marks a critical point where momentum could shift toward buyers.

He emphasized that XRP is currently hovering below $1.42, and bulls must establish a decisive move above this threshold. Sustaining that level after a breakout would further validate the setup and suggest further upside potential in the near term.

Institutional flows and on-chain dynamicsThe technical outlook comes amid a backdrop of rising institutional engagement. Xaif reported that XRP spot ETFs recorded $8.17 million in net inflows on October 8. Overall, cumulative net inflows have reached $1.80 billion, while total net assets now stand at $1.56 billion. Trading volume for the latest period was $65.44 million. Many traders view these growing institutional allocations as providing additional justification for the technical case outlined above.

As traders track major resistance levels and monitor liquidity zones, the meme token market is demonstrating how rapidly online trends can reshape financial outcomes. For example, data from Fomo App highlighted a trade in the “Niu Lai” meme token that transformed a $99 investment into approximately $370,000. In this evolving environment, monitoring not just price action but also timing and asset selection is essential. Fomo App enables users to discover new tokens, analyze real-time social feeds, and track leading investors, offering a comprehensive source for those engaged with the latest meme token trends.

Outlook for XRP price movementAfter clearing major sell-side liquidity at $1.32, XRP’s rebound to $1.40 sets a well-defined pathway for bulls. Market observers are now concentrating on whether the asset can reclaim and hold $1.42. If successful, the next significant area is $1.47, where further buy-side liquidity could be unlocked.

The technical structure remains clear and actionable: reclaim and defend $1.42, then target the $1.47 level as the next objective. Price reaction at these zones will determine the near-term direction for XRP traders.

Crypto markets reversed course during the week, with Bitcoin falling from the $87,000 area toward $80,000 as selling pressure intensified. By Oct. 10, BTC had recovered to around $83,000, but the broader market remained under pressure.

Ripple and the XRP Ledger delivered several important infrastructure updates, including a new account-delegation feature and developments in institutional adoption. Shiba Inu, meanwhile, struggled to maintain its early-October gains as technical indicators weakened.

Ripple-backed Evernorth scheduled for Nasdaq listing on October 12Evernorth, the Ripple-backed company building an XRP-focused digital asset treasury, has completed its merger with Armada Acquisition Corp. II, according to a regulatory filing. 

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The company expects to begin trading on Nasdaq under the ticker XRPN on Monday, Oct. 12. The transaction brings together Evernorth, Pathfinder Digital Assets, Ripple, Armada and two merger subsidiaries. Under the deal structure, Pathfinder and the former Armada entity became wholly owned subsidiaries of Evernorth. 

The transaction is associated with approximately 473 million XRP and $300 million in cash proceeds, providing Evernorth with resources to pursue its digital asset treasury strategy.

The merger represents a step toward bringing XRP-focused treasury exposure to public-market investors.

Bitcoin slides to October Low Bitcoin fell to an October low of $80,420 on Oct. 9 before recovering toward $83,000. U.S. authorities transferred 17,733 BTC, worth about $1.484 billion, to Coinbase Prime as market pressure mounted.

The move coincided with a sharp derivatives-market correction. Forced closures wiped out approximately $859 million in long positions, accounting for 86% of total liquidations reported in the article. U.S. spot Bitcoin ETFs also recorded $244.13 million in net outflows during Thursday's session, adding to concerns about institutional demand.

By Oct. 10, Bitcoin had bounced from around $80,300 and was trading near $82,949. The $80,000 level remained an important support area, while $87,000 continued to act as resistance. 

Ripple activates new XRP Ledger feature The XRP Ledger introduced PermissionDelegationV1_1, a feature designed to let businesses delegate specific account permissions to third-party applications without exposing their master keys.

The upgrade allows firms to assign up to 10 roles to external applications, potentially simplifying institutional account management while preserving control over sensitive credentials. Its activation on Oct. 8 came amid other developments involving Ripple's institutional strategy and the broader adoption of tokenization infrastructure.

Ripple also moved 200 million XRP between its own addresses before sending 20 million XRP to a new address. The transfers attracted attention as the network's technical upgrades continued, although the transactions alone did not establish a change in Ripple's market strategy.

Market updateAltcoinsXRP showed relative resilience during the sell-off. On Oct. 9, the token held around $1.39 to $1.40, while many other large-cap altcoins suffered steeper losses. Part of the market's attention can be attributed to XRP's institutional developments and the approaching Nasdaq debut of Evernorth, an XRP treasury company. 

By Oct. 10, XRP had fallen from the $1.50 area and was trading near $1.38, around its 200-day moving average. The $1.33 to $1.40 range became an important area to watch, with a move above $1.46 needed to demonstrate stronger short-term momentum. 

Shiba Inu also weakened. SHIB fell below its 200-day moving average after failing to hold above $0.00000600. The token rebounded from around $0.00000510, but weak volume suggested that buyers had not yet regained control. Its 100-day moving average near $0.00000529 emerged as immediate support. 

Market dataBitcoin: $82,949 on Oct. 10

XRP: $1.38 on Oct. 10

Shiba Inu: $0.00000536 on Oct. 10

Total liquidations: $859.17 million on Oct. 9, including approximately $740 million in long positions

U.S. spot Bitcoin ETF flows: -$244.13 million on Oct. 8

Regulation newsEU crypto firms face deadline for noncompliant stablecoinsThe European Securities and Markets Authority (ESMA) is requiring crypto firms operating in the EU to close positions in stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA) by Jan. 8, 2027.

The deadline adds pressure on exchanges and other crypto service providers to review their supported stablecoins and adjust their offerings. The issue is particularly relevant for platforms serving European customers, where compliance requirements increasingly shape which digital assets can be offered.

OpinionsHYPE has pulled back from its September record near $98, but the token remains one of the strongest large-cap crypto assets, supported by rising Hyperliquid activity.

Will HYPE price rally in October?

Important datesOct. 12Evernorth's planned Nasdaq listing under the XRPN ticker.

Cryptocurrency analyst Bird, known on X as @Bird_XRPL, has identified a technical formation on XRP’s 4-hour chart that closely resembles two previous setups which each preceded sharp price increases. Bird points to a developing third descending resistance trendline, noting that XRP is approaching important support regions and could be primed for another significant move.

The repeating chart setupBird’s analysis covers the period from July to October on Binance’s XRP/USD trading pair. On the chart, three downward-sloping resistance lines, colored in orange, appear at different stages. In previous cases, XRP experienced strong rallies after breaking through the first two trendlines.

Recalling recent history, the first breakout resulted in a rapid rally in August, which saw XRP surge more than 50% within 65 hours. The second breakout coincided with a more recent price jump, as XRP found support and rebounded sharply.

Bird highlights, “Three similar structures, one very interesting possibility.” He suggests that a similar outcome could follow if the pattern repeats for the third time, provided that XRP maintains its support levels and breaks the current resistance.

The new descending trendline now limits gains as price action consolidates close to both a key demand area and a steadily rising support line.

Mini dictionary: Binance is one of the world’s largest cryptocurrency exchanges by trading volume, offering spot and derivatives trading of a broad range of digital assets.

Key levels and breakout targetsThe chart indicates a long-term ascending support trendline, colored white, which extends from below $1 and continues through October. A significant demand zone is outlined between $1.30 and $1.34, while notable resistance is concentrated in the $1.52 to $1.56 area.

At the time of Bird’s post, XRP traded at $1.3986, having pulled back from a recent high near $1.60 and settling just above the demand region. The price sits immediately above the ascending support and is approaching a technical decision point under the current descending trendline.

LevelZoneSignificance$1.30 – $1.34DemandKey support$1.52 – $1.56ResistanceBreakout trigger$2.00TargetProjected upsideThe analyst’s expectationsBird projects that if XRP breaks through the $1.52 to $1.56 resistance range, it could open the door for a move toward $2.00. This target is illustrated by a green arrow on Bird’s chart, representing a potential gain of roughly 43% from XRP’s current level. However, he cautions that confirmation above resistance is needed, along with sustained support at the $1.30 to $1.34 demand zone.

Bird notes no specific timeline for this possible breakout but states he is watching the setup closely as the third descending trendline develops.

The analyst underscores that a definitive move requires validation through a decisive breakout on strong volume, as technical patterns do not guarantee outcomes.

Bird is a chart analyst focused on the XRP Ledger ecosystem. While technical analysis provides insight into market structure and trader sentiment, price forecasts remain subject to change based on broader market conditions and investor behavior.

Evernorth is set to enter the Nasdaq marketplace under the ticker XRPN following its recent business combination with Armada Acquisition Corp. II. The digital asset treasury company, which is focused on the XRP ecosystem, will begin trading as a public entity on Monday, October 12.

Evernorth’s vision and operationsEvernorth, led by CEO Asheesh Birla, specializes in digital asset treasury services and is deeply integrated with XRP. Currently, Evernorth holds around 473 million XRP tokens as part of its core holdings. The company has raised over $1 billion through its recent merger and related private investments, positioning itself as a publicly traded vehicle that enables institutional investors to access the XRP ecosystem in a regulated manner.

Asheesh Birla explained that Evernorth’s mission transcends simply holding assets. He stated that the company aims to actively engage with the XRP Ledger by deploying capital, supporting liquidity, and collaborating with builders to drive the growth of the institutional infrastructure needed for digital asset adoption.

Birla outlined his outlook, stressing that “finance has always moved slowly, and the infrastructure underneath can be even slower.” He described Evernorth’s launch as a pivotal move toward accelerating this pace and bringing digital assets into mainstream institutional finance.

The company’s approach involves hands-on participation in developing the XRP ecosystem, rather than taking a passive role. With its public listing, Evernorth offers institutional investors a new entry point to gain regulated exposure to XRP and the associated technology infrastructure.

Mini dictionary: Evernorth is a digital asset treasury platform designed to provide institutional investors with regulated access to XRP and its infrastructure by holding, managing, and deploying large digital asset reserves.

Birla’s outlook for financial infrastructureIn an open letter, Birla detailed his five-year perspective on the evolution of finance’s foundational systems. He identified two primary obstacles that have hindered blockchain adoption in mainstream finance: underdeveloped technical infrastructure and a lack of legal clarity. However, Birla believes these issues are now being resolved.

He referenced the passage of the first federal law on payment stablecoins in the US in 2025 as a milestone, expressing confidence that further clarity for the wider digital asset market is forthcoming. Birla also noted that blockchain technology offers significant speed improvements compared to legacy financial settlement systems, which he described as operating as though it were still the 1970s.

Birla emphasized that the tokenization of assets—including equities, bonds, real estate, and commercial properties—can transform them into programmable, instantly transferable digital financial instruments. Such assets, according to Birla, could autonomously execute interest payments and transactions based on embedded programmatic conditions.

XRP’s role in Evernorth’s strategyXRP and the XRP Ledger form the cornerstone of Evernorth’s operations. By listing publicly, Evernorth introduces a regulated, exchange-traded product that connects institutional investors directly to the XRP ecosystem.

Evernorth’s active management strategy aims to enhance liquidity on the XRP Ledger, thereby increasing ongoing demand for XRP tokens. In a planned milestone, the company is scheduled to ring the Nasdaq closing bell on October 14, marking the start of trading under the XRPN symbol from October 12.

Birla concluded his letter by forecasting a substantial migration of financial activity to blockchains. He believes this transition will take place “sooner and on a larger scale than most in finance currently anticipate.”

Birla projects that more financial transactions will shift to blockchain platforms sooner than most traditional institutions expect, driven by improvements in technology and regulation.

A key divergence might be taking shape within XRP’s current market structure.

On the macro level, the asset is following the general market weakness. Down more than 7% this week, XRP has broken below $1.5. However, this is in line with the broader risk-off move that saw the total crypto market value drop more than 4%, pushing high-caps below crucial support levels.

But what happens when the market reverts to risk-on? Given XRP’s current positioning, it wouldn’t be surprising to see it lead the charge in the next wave of risk-on flows. To begin with, Evernorth has completed its SPAC merger with Armada II, bringing approximately 473 million XRP and $300 million in gross cash proceeds into the public markets.

Source: X For context, the 473 million XRP figure represents the amount of XRP that Evernorth holds in its treasury. Thus, by embarking on this merger with Armada II, Evernorth is enabling the firm to enter the public markets and provide investors with an alternate avenue for gaining exposure to Ripple [XRP]. 

According to AMBCrypto, this is where the divergence gets interesting.

Data from SoSoValue shows XRP ETFs continuing to see net inflows, despite BTC and ETH ETFs recording outflows. XRP ETFs also clocked $67 million in daily trading volume.

The key takeaway? Franklin Templeton is beginning to close the gap with Bitwise, in terms of daily volume. Bitwise previously led by a large margin, but Franklin is now beginning to catch up, pointing to growing activity across XRP ETF products.

XRP ETF inflows defy BTC and ETH as strategic positioning builds Notably, Evernorth’s merger and upcoming XRPN trading can be a beginning of a more significant trend.

On the fundamental side, the XRP Ledger is also seeing progress. The latest upgrade introduces delegated key controls for banks, stablecoin issuers, and tokenized funds. In essence, businesses can grant permission to a particular account to approve customers on separate accounts while keeping their primary wallet keys offline.

Such a feature might make the XRPL much more attractive to institutional players that want to exercise greater control and security over digital assets. In addition to this, XRPL’s emerging agentic economy is another indicator of increased activity on the ledger. As the post below shows, it has already achieved a record 13 million with 166 x402 merchants.

Agentic payments are currently representing approximately 25% of its ledger activity. If this trend continues, it is likely to cross the 100 million milestone in roughly 12 months. 

Source: X Together, these signals suggest that XRP’s recent divergence may be more than a random capital rotation.

With Evernorth’s merger, upcoming XRPN trading and increased XRPL activity, XRP’s ETF inflows reflect a more “strategic” capital rotation, even as the broader market faces weakness. Should this development persist and the market turn risk-on, XRP could be well-positioned to lead the next leg of capital rotation.

Final Summary XRP ETFs are seeing inflows despite BTC and ETH ETF outflows, while Evernorth’s merger adds to growing institutional interest.

With XRPL activity rising and new upgrades rolling out, XRP could lead the next market recovery if sentiment turns bullish.

Avalanche founder Emin Gün Sirer argues that AI could uncover security flaws in the XRP Ledger. He says that threat deserves more attention than the fall of existing cryptography.

His warning arrives as the ledger faces renewed scrutiny over an emergency software update.

The debate on the threat AI poses for crypto is mostly just wankery.

We will see AI exploit systems-level bugs far before ECDSA falls. We will see AI discover bugs in systems code, libraries and wallets that enable attackers to steal billions of dollars long before we have to…

— Emin Gün Sirer🔺⚔️ (@el33th4xor) October 9, 2026 AI Could Uncover Security Flaws in the XRP LedgerAI-driven vulnerability discovery means using AI models to find software bugs that humans have missed. Attackers can exploit those bugs before developers patch them. Sirer argued on X that AI:

Will likely exploit system-level bugs well before ECDSA becomes obsolete. In his view, advanced models could find flaws in blockchain software, libraries, and wallets that humans have overlooked. That shifts the focus from future cryptographic breaks to the quality of code today. He warned that attackers could use such bugs to steal billions before AI breaks widely used cryptography. That scenario would involve bugs the community has not yet detected.

Sirer did not identify any unpatched XRP Ledger vulnerability, however, nor did he demonstrate an AI attack on the network. His argument is a warning rather than a documented exploit.

Is the Industry Looking at the Wrong Threat?The debate has divided crypto leaders:

Ethereum co-founder Vitalik Buterin recently warned that AI-driven mathematical discovery could threaten lattice-based cryptography within two years. Cardano founder Charles Hoskinson called those concerns speculative and said math cannot back up such predictions. Ethereum researcher Justin Drake has voiced concern that AI could eventually attack ECDSA, a widely used method for signing transactions. Sirer admits that the cryptography threat cannot be fully dismissed. Still, he believes the community should focus first on software vulnerabilities that already exist. The XRP Ledger context adds urgency. Developers rolled out an emergency software update on September 25, and the initial security fixes were released without source code.

The team promised to publish that code along with a technical retrospective.

xrpld 3.4.1 is being released with a Batch fix and stability improvements.

We’re asking validators and node operators to upgrade as soon as possible. There has been no impact to mainnet, and no loss of funds.

There is also a new fix amendment, fixBatchV1_2, which addresses a… pic.twitter.com/anvZzzghJo

— XRP Ledger Operations (@XRPLOperations) September 25, 2026 Earlier, Ripple CEO Brad Garlinghouse criticized Sirer over claims about Ripple’s traction with banks. Sirer’s comments reframe the debate around software security rather than cryptography alone.

Evernorth has completed its merger with Armada Acquisition Corp. II, holding approximately 473 million XRP and raising about $300 million in gross cash proceeds ahead of its expected Oct. 12 Nasdaq trading debut.

Summary

473 million XRP formed Evernorth’s treasury at closing, alongside approximately $300 million in gross cash proceeds. XRPN shares are expected to begin Nasdaq trading on Oct. 12 following the completed merger. Evernorth plans to deploy capital into XRP infrastructure and pursue strategies to increase XRP per share. Armada shareholders approved the transaction on Sep. 30, before an administrative delay changed the listing schedule. Evernorth announced on Oct. 9 that it had closed the business combination, bringing its XRP treasury and related investment plans into a public-company structure. The company said the approximately $300 million cash figure was measured before transaction expenses, with capital supplied by institutional and digital-asset investors.

According to the announcement, its backers include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken and GSR. Armada, the merger partner, was a special purpose acquisition company sponsored by Arrington XRP Capital Fund, LP.

Evernorth closes merger after Nasdaq timetable changes In its closing filing, Evernorth confirmed that the transaction was completed under the business combination agreement signed on Oct. 19, 2025, and amended on Aug. 12, 2026. The agreement involved Evernorth, Pathfinder Digital Assets, Ripple, Armada, and two merger subsidiaries.

Under the transaction mechanics described in the Form 8-K, Pathfinder and the former Armada entity became wholly owned subsidiaries of Evernorth. The filing also records Armada’s move from the Cayman Islands to Delaware on Oct. 8, when it adopted the name Arrington Capital SPAC I Inc.

The closing followed Armada shareholders’ approval at their Sep. 30 extraordinary general meeting, according to the company’s disclosures. Evernorth had initially scheduled the merger closing for Oct. 7 and the start of Nasdaq trading for Oct. 8.

As crypto.news reported on Oct. 7, the company delayed its Nasdaq debut after an administrative issue changed the schedule. In its Oct. 6 update, Evernorth said the issue was not expected to prevent completion and set Oct. 9 as the revised closing date.

With the merger now completed, the closing announcement retains Oct. 12 as the expected first trading day for Evernorth common stock under XRPN. The company also expects its leadership, investors and XRP ecosystem participants to attend a Nasdaq closing-bell ceremony on Oct. 14.

XRP treasury combines purchases and contributed tokens Evernorth’s closing announcement places its holdings at approximately 473 million XRP. Earlier transaction documents show that the treasury was assembled through several routes, including cash purchases and contributions from parties supporting the merger.

A Sep. 30 examination of the XRP treasury’s composition detailed a projected closing balance of at least 473,276,430 XRP under the definitive proxy’s assumptions. The disclosed components included 126,791,458 XRP contributed by Ripple and approximately 211.32 million XRP associated with the sponsor.

According to those proxy disclosures, a separate related-party contribution accounted for 50 million XRP, while advance and delayed funding arrangements included another 800,000 tokens. The documents also identified approximately 84.37 million XRP purchased for $214 million.

The earlier report placed that purchase’s average price at about $2.53657 per token. Its review distinguished the documented cash acquisition from the contributed holdings, rather than applying the purchase price to every XRP in the planned treasury.

For U.S. stock-market investors, the same proxy-based analysis described XRPN as ownership of corporate equity. The company owns the XRP treasury; shareholders do not receive a direct redemption right for a specified number of tokens.

According to that analysis, the exposure behind each share also depends on outstanding shares, liabilities, financing, and transaction costs. The proxy separately addressed warrants and other securities, alongside the expected XRP balance.

Evernorth plans to put XRP capital into institutional services In the closing announcement, founder and CEO Asheesh Birla said Evernorth would actively manage its treasury and support infrastructure and uses for XRP. He described increasing the number of XRP held per share as a goal of the company’s treasury strategy.

Birla said:

“We’ll be deploying capital across the XRP economy, supporting the infrastructure and use cases that expand XRP’s utility”

The company’s earlier SEC-filed announcement identified tokenized assets, onchain credit markets and settlement infrastructure as areas where it intended to supply capital. In that disclosure, Evernorth said its model would combine XRP holdings with investment in infrastructure, rather than rely solely on purchasing and holding tokens.

According to its company description, Evernorth also plans to pursue institutional and decentralized-finance yield strategies, ecosystem participation and capital-market activities. Its disclosures present those activities as planned strategies for growing XRP per share.

Within the SEC-filed announcement, Evernorth said it intended to operate with the reporting, governance and disclosure standards of a Nasdaq-listed company. The filing also states that the SEC’s declaration of registration-statement effectiveness did not constitute approval of the transaction’s investment merits.

Convertible financing includes XRP purchases among permitted uses Before the shareholder vote, Evernorth agreed to issue convertible debt worth $30 million, as reported on Sep. 21. The disclosed agreement tied issuance and payment for the notes to completion of the business combination.

According to the financing documents, proceeds could support general corporate purposes, including additional XRP purchases and activities within the XRP ecosystem. The permitted uses did not commit the full financing amount to direct token purchases.

The agreement named NH Investment & Securities as trustee for Kyobo AIM Corporate Finance General Private Investment Trust No. 3, the purchaser. Under the disclosed terms, the senior unsecured notes carry a 4% annual payment-in-kind interest rate, with interest added to principal rather than paid regularly in cash.

The financing documents provide for semiannual compounding and maturity in 2031, unless the notes are converted, redeemed, or repurchased earlier. Holders receive conversion rights beginning one year after the effectiveness date, at an initial rate equivalent to approximately $10.20 per Evernorth Class A share.

Evernorth completed its merger with Armada Acquisition Corp. II on October 9 and expects XRPN shares to start trading on Nasdaq on October 12. XRP remains near $1.40, leaving the market to distinguish an existing corporate holding from potential fresh demand.

Summary

Evernorth says it closed with approximately 473 million XRP and $300 million in gross cash proceeds, while its XRPN listing is scheduled for October 12. Armada shareholders redeemed about 80.3% of shares eligible for cash redemption, taking $195.39 million from the SPAC trust. Much of Evernorth’s XRP came from prior purchases and in kind contributions, so the merger’s completion does not mean 473 million tokens were bought this weekend. XRP traded near $1.40 on October 10, with a 24 hour range of $1.37 to $1.41 and a seven day range of $1.32 to $1.53, according to CoinGecko. A move above the recent $1.41 to $1.43 area would need sustained spot buying; a loss of $1.37 would put the seven day low near $1.32 back in view. Evernorth’s October 9 closing announcement puts a completed transaction behind a treasury plan that had been discussed for months. The company enters public markets with about 473 million XRP and roughly $300 million of gross cash proceeds. The closing Form 8-K confirms the business combination with Armada Acquisition Corp. II was consummated Friday. Nasdaq’s corporate action notice sets Monday, October 12, as the effective date for trading Evernorth common stock under XRPN and warrants under XRPNW.

JUST IN: Evernorth has completed the SPAC merger with 473M $XRP in treasury

The deal also brings in about $300M in gross cash proceeds, with the XRP-focused treasury company expected to begin trading on Nasdaq under the ticker XRPN on Monday. pic.twitter.com/ucm95c0gEP

— crypto.news (@cryptodotnews) October 10, 2026 XRP did not receive an equivalent order for 473 million coins when the filing appeared. The balance came through transactions arranged before the merger, including large in kind contributions. A public stock linked to the treasury can create another route for investors seeking XRP exposure, but the effect on the token’s spot market depends on what the company and new investors do after trading begins. CoinGecko’s October 10 price page showed XRP near $1.40, still below the previous week’s $1.53 high.

The merger closed after a four day delay Armada shareholders approved the combination at a September 30 meeting. An administrative issue shifted the anticipated October 7 closing and October 8 listing to October 9 and October 12, respectively, as the revised XRPN schedule had indicated. The company’s revised timetable in an SEC filing described the delay as administrative and said it was not expected to prevent closing. Friday’s Form 8-K resolves the closing question. The listing date is still a scheduled market event as of Saturday, rather than an observed session of XRPN trading.

Nasdaq’s corporate action notice says Armada’s common stock, warrants and units are being replaced or converted as part of the transaction. Evernorth’s Class A common stock and warrants are scheduled for the Nasdaq Global Market on October 12. The notice supplies identifiers and the share conversion terms; it is not a forecast of the opening price or the number of people who will buy the new shares.

A SPAC merger involves investors with different claims. Armada’s public shareholders could redeem for cash instead of keeping their shares through closing. Private subscribers and token contributors received equity under separate agreements. An XRPN share represents an interest in the combined company, with its XRP, cash, liabilities, operating plans and governance. It is not a redeemable claim for one fixed number of XRP.

The distinction matters for the headline’s price question. A company can become publicly traded with a large XRP treasury and attract attention without placing a new buy order for the full balance. Future stock issuance, fresh capital and the actual deployment of cash can create demand, but none follows mechanically from changing the name on a Nasdaq listing.

An 80% redemption changed the cash mix The October 9 filing reports that holders of 18,463,753 Armada Class A ordinary shares, or about 80.3% of shares with redemption rights, took cash. Their aggregate redemption was roughly $195.39 million at about $10.58 per share. A high redemption rate can reduce the SPAC trust contribution and alter the initial public float. It does not by itself mean private investors withdrew their token commitments or that the business combination failed.

Evernorth’s October 1 announcement had projected about $300 million in gross proceeds from several components, including private placements, convertible financing and expected trust proceeds. The October 9 release again cites approximately $300 million of gross cash proceeds at closing, before transaction expenses. Readers should not add the redeemed $195.39 million to that figure as money still available to Evernorth. The filing’s redemption line describes cash returned to departing SPAC shareholders.

The company must decide how much of its remaining capital funds operations, XRP ecosystem investment, liquidity management, debt obligations or purchases of additional tokens. The announcement says Evernorth intends to pursue strategies designed to grow XRP per share over time. It does not announce an immediate purchase of $300 million in XRP. A forecast that translates all gross proceeds into a spot order would ignore transaction costs and the stated range of corporate uses.

A narrower public float can amplify XRPN share volatility when trading begins. Heavy redemptions leave fewer legacy public shares outstanding than a no redemption scenario, although private allocations and lockup terms affect the full supply picture. A sharp share move can reflect thin stock liquidity or a premium to the company’s asset value; it would not prove that XRP itself has gained proportionately.

Where did the 473 million XRP come from? The closing filing identifies several separate streams. Ripple contributed 126,791,458 XRP to the operating company under a contribution agreement. The sponsor contributed about 211.3 million XRP for subscribed shares. A Ripple affiliated trust provided 50 million XRP. Advance and delayed subscribers contributed smaller token amounts alongside cash, while Evernorth had acquired XRP before closing. Adding the disclosed categories requires care because cash funded earlier purchases and the filing describes different legal entities and share exchanges.

The September account of what shareholders were voting to own traced the expected 473,276,430 token balance and the contribution from Ripple. The closing release rounds the position to about 473 million. In kind contributions change the company that holds an existing token position; they do not necessarily remove fresh coins from a live exchange order book on closing day.

A portion of the treasury was acquired with advance funding. Records on Evernorth’s prior purchases describe roughly 84.37 million XRP bought for about $214 million in November 2025, an average near $2.54 for that purchase. Applying the $2.54 figure to every one of the 473 million tokens would be misleading because other portions were contributed under different agreements and valuation mechanisms. The closing filing identifies a signing reference price of $2.36609 and a closing reference price of $1.43069 for specified equity exchange calculations, neither of which is a simple blended acquisition cost for all holdings.

NEW: Ripple highlights a potential $3.1T collateral opportunity for $XRP

XLS-66 could allow institutions to use native $XRP as collateral to access credit without selling, while Evernorth plans to make the standard a core part of its strategy and sees potential for a… pic.twitter.com/tQ5VAWnf2P

— crypto.news (@cryptodotnews) September 13, 2026 With XRP near $1.40, a basic mark to market calculation values 473 million tokens at about $662 million. The estimate moves dollar for dollar with the token’s price and excludes cash, liabilities, expenses, restrictions and operating value. A $0.10 change in XRP changes the marked value of a 473 million token holding by roughly $47.3 million before any hedging or balance change. Neither calculation sets the price at which XRPN shares must trade.

Equity exposure differs from owning XRP A person holding XRP directly owns a digital asset and faces token price, custody and network risks. An XRPN investor holds stock in a company that owns XRP and intends to use it in institutional and DeFi strategies. Stock price can reflect expectations for management, future issuance, tax, debt, public company costs and the market’s appetite for treasury equities. XRPN might trade at a premium or discount to the marked value of its underlying XRP and net cash.

Calculating XRP per share requires a denominator. The October 9 Form 8-K lists 22,268,905 Class A shares and 32,211,992 Class C shares outstanding immediately after closing, as well as 11,739,645 warrants. The filing also describes company units, conversion rights and equity arrangements that must be considered to build a fully diluted count. Dividing 473 million XRP by only freely traded Class A shares would inflate the apparent backing per share.

Some investors may buy stock because a brokerage account cannot hold XRP directly or because they prefer listed company disclosures. Others may compare XRPN against spot XRP or an exchange traded product and reject a stock premium. Such flows can alter demand for the company without changing the number of tokens in circulation. A secondary market purchase of XRPN from another investor transfers a share and its cash proceeds to the seller; it does not send the purchase price to Evernorth to acquire more XRP.

If the company issues new stock for cash in the future and uses net proceeds to buy XRP, the link to spot demand becomes clearer. Issuance could also dilute existing owners unless the acquired XRP per share grows. Evernorth’s stated aim to increase XRP per share should be evaluated using actual token balances, share counts and liabilities over time, not the price of the stock on its first session.

What does the stock listing change for spot demand? Completion removes the risk that the approved merger never closes. It does not establish a continuing XRP accumulation schedule. The treasury was assembled before public trading, so the immediate catalyst is a change in access and disclosure. Market attention can attract discretionary buyers of XRP, but attributing a spot move to Evernorth requires evidence beyond the calendar coincidence.

The $30 million convertible note financing described before closing is one possible source of capital. Coverage of the financing terms says proceeds may support additional token purchases and XRP ecosystem activities. The word may leaves management choices open. The company could retain liquidity or fund projects rather than buy tokens at once. Debt instruments also create financing obligations that a stock premium or token rally does not erase.

Corporate treasury strategies can generate secondary demand if a sustained share premium allows repeated equity issuance and token purchases. A discount to asset value can shut that route. The mechanism therefore runs through share valuation, financing availability and board decisions, rather than the fact of Nasdaq eligibility alone. Trading volume on XRPN is a measure of stock turnover, not the amount of XRP the company acquires.

Evernorth says it plans institutional and DeFi yield strategies, ecosystem participation and capital markets activity. Such strategies can put existing XRP to work without increasing the overall holding. Returns, counterparty exposure, custody, smart contract risks and reporting will determine whether the plan actually raises XRP per share. No realised yield figure for the post merger company was announced in the closing release.

XRP price holds near $1.40 before the debut CoinGecko showed XRP near $1.40 on October 10, about 0.9% higher over 24 hours in its displayed reading. Its recorded 24 hour range was $1.37 to $1.41, and the seven day range was $1.32 to $1.53. Such figures change continuously and can vary by venue. The completed merger did not produce a decisive sustained move beyond the upper end of the 24 hour band in that snapshot.

The token had fallen from around $1.50 earlier in the week as broader crypto prices weakened, reversing the level observed after merger approval. A price report published October 9 placed the 50 day moving average around $1.4336 and the 200 day around $1.2805 on the daily chart it examined. Those readings are dated chart observations, not fixed support and resistance lines for every future session. The article reported overhead liquidation concentrations near $1.43 to $1.44 and $1.53 to $1.54. Liquidation maps estimate positions under the provider’s model; they do not prove that price will visit either zone.

At current prices, the 24 hour $1.41 high and the nearby $1.43 to $1.44 area are the first places to assess whether the listing draws new buyers into the token. A close and follow through above those observed levels would bring the seven day high near $1.53 into view. A brief intraday print followed by a reversal would be weaker evidence of sustained demand. The thresholds describe recent trading and a dated moving average, not a guaranteed breakout trigger.

Downside has a similarly observable sequence. Losing the $1.37 area would put the seven day $1.32 low back in focus. The previously reported 200 day average around $1.28 lies below that range, but its value changes with each new daily bar. A move lower would need to be assessed alongside Bitcoin, yields, ETF flows and spot XRP volume before attributing it to disappointment with XRPN.

Three paths for the week ahead A stronger outcome would begin with a smooth XRPN opening, credible disclosure of its treasury and active spot buying that carries XRP above the $1.41 to $1.44 area. If buyers sustain that move, the recently observed $1.53 weekly high is the next reference. A stock rally alone would not satisfy the spot condition. Any report of fresh XRP acquisitions should identify the transaction date and quantity so older contributions are not counted twice.

A neutral outcome would leave XRP within roughly $1.37 to $1.44 while XRPN establishes a price. Traders might treat the merger as already anticipated and wait for the first quarterly report or a capital deployment decision. The equity could still trade actively as investors debate a premium or discount to net asset value. A flat XRP price would not invalidate the public company’s access role; it would limit evidence for an immediate token demand effect.

A weaker outcome would involve a break below $1.37 and a retest of the seven day low near $1.32, especially if the broader market remains under pressure. High SPAC redemptions and an XRPN discount might dampen expectations for a near term equity financed buying programme, although they do not force a sale of the treasury. A fall in XRP before or after the stock debut should not automatically be described as Evernorth selling; public filings or verifiable wallet and exchange records would be needed for such a claim.

These paths are conditional descriptions of price behaviour around measured levels. They are not probabilities or targets derived from an unpublished technical chart. The causal argument is similarly limited: the closed merger is a verified corporate event, while any effect on spot XRP demand remains to be observed.

The redemption number deserves context An 80.3% redemption rate measures the choice of SPAC shareholders who had a cash exit right. It is not a poll of all XRP investors or every financier in the merger. Evernorth’s earlier announcement said advanced and delayed private funding participants remained involved. The final 8-K records the redemptions and equity issued under the private subscription agreements separately.

SPAC trust redemptions can reduce cash and leave fewer legacy public shares to circulate. The closing release’s gross proceeds combine other financing sources, so a reader needs both documents to see the business’s starting position. A high redemption rate may make XRPN more volatile on Monday, but it is only one input to public float. Insider lockups, warrants and private allocations affect tradable supply.

Ripple, a related trust and the sponsor entered lockup arrangements described in the closing filing. Restrictions generally last six months unless a specified corporate transaction occurs, subject to exceptions. Share lockups concern stock, not an automatic lock on every XRP token held in the treasury. Investors should not infer that the company cannot deploy any XRP until the stock restrictions expire.

The merger created shares and warrants whose terms can change the future claim on assets. Whole warrants are exercisable for Class A shares at $11.50 under the disclosed terms. Whether they become dilutive depends on conditions and exercise. A simplified market capitalisation calculation using only the first XRPN quote can therefore miss the capital structure behind each share.

JUST IN: $XRP treasury SPAC surges nearly 300% ahead of Evernorth merger

Armada Acquisition Corp. II (XRPN), a SPAC linked to XRP treasury firm Evernorth, jumped 273% last week as the deal to take Evernorth public nears its Oct. 7 closing, with the combined company expected to… pic.twitter.com/yCgPT9WAwo

— crypto.news (@cryptodotnews) October 5, 2026 The treasury strategy adds execution risk Evernorth describes an actively managed approach intended to support the XRP economy and raise XRP per share. A treasury company can earn income or acquire more tokens, but it can also lose value through market declines, counterparties and financing costs. A strategy involving DeFi introduces smart contract and liquidation risk beyond simple custody of XRP. The closing release does not quantify expected returns or commit to a particular protocol allocation.

A large position relative to a token’s daily liquidity needs careful execution if management rebalances. In kind contributions avoided the need for a closing day spot purchase of every coin. Future token purchases or sales would have their own market impact depending on venue, timing and depth. Corporate disclosures can establish changes in the balance, but may arrive later than the trades themselves.

The company plans to ring the Nasdaq closing bell on October 14, according to its announcement. A ceremonial event is separate from the scheduled October 12 trading start and from a disclosure of new XRP purchases. Media exposure around either date may influence sentiment, but the price outlook should continue to rest on verified holdings, actual spot activity and broader market conditions.

What to watch October 12 trading. Check whether XRPN shares actually begin trading on Nasdaq and how the opening price compares with a transparent calculation of XRP, cash and liabilities per share. XRP spot volume. Compare exchange activity around $1.41 to $1.44 and $1.37 with prior sessions before attributing a token move to the listing. Treasury disclosures. Look for dated changes in XRP holdings and the funding source for any new purchase, rather than counting in kind contributions again. Equity capital. Watch the stock premium or discount, future issuance and the fully diluted share count to assess whether the company can increase XRP per share. The first operating report. Management’s allocation of gross proceeds and any realised returns from its stated strategies will clarify how the post merger business uses the treasury. FAQs Has Evernorth completed its merger? Yes. The company and its SEC filing say the business combination closed on October 9, 2026.

When will XRPN start trading? Nasdaq lists October 12 as the effective date for Evernorth Class A shares and warrants. As of October 10, the session has not occurred.

How much XRP does Evernorth hold? The closing announcement rounds the holding to approximately 473 million XRP. The dollar value varies with the token price.

Did Evernorth buy 473 million XRP on closing day? No. Its holdings include earlier purchases and XRP contributed in kind under the transaction agreements.

How much cash did the merger raise? The closing release cites approximately $300 million of gross proceeds before transaction expenses. The filing separately reports $195.39 million in SPAC shareholder redemptions.

Does buying XRPN buy XRP for the company? A secondary market stock trade pays the selling shareholder. Evernorth receives funds when it raises capital through a company financing, subject to its terms.

Could the listing push XRP above $1.50? A move toward the recent $1.53 weekly high would require spot buying beyond the $1.41 to $1.44 area. The listing alone does not establish such demand.

What price area matters if XRP falls? The October 10 snapshot placed the 24 hour low near $1.37 and the seven day low near $1.32. Both are historical reference points, not assured support.

Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Figures reflect regulatory filings and reporting available at the time of writing and change with each disclosure. Nothing here is a recommendation to buy, sell, or hold any security or asset. Always do your own research. Information is accurate as of October 10, 2026.

XRP fiyatı, uzun vadeli grafiklerde 2017 boğa koşusuyla karşılaştırılan sıra dışı bir projeksiyonla gündeme geldi. Patrick L. Riley tarafından paylaşılan haftalık grafik, geçmiş yükselişin yüzdesel büyüklüğünü mevcut fiyat yapısına uygulayarak XRP için teorik olarak 650 dolara uzanan bir senaryo ortaya koyuyor. Ancak bu hesaplama, fiyatın aynı performansı tekrarlayacağını göstermiyor. XRP’nin öncelikle uzun vadeli desteğini koruması ve düşen direnç çizgisini aşması gerekiyor.

XRP Grafiğindeki Mavi Çizgi Ne Anlama Geliyor? Grafikteki mavi dikey çizgi, XRP’nin 2017-2018 dönemindeki yükselişini dolar cinsinden değil, yüzdesel büyüklük açısından ölçüyor. Daha önce aktarılan verilere göre verilere göre XRP, Mart 2017’de yaklaşık 0,005 dolardan işlem görürken Ocak 2018’de 3,31 dolara kadar yükseldi. Bu hareket yaklaşık yüzde 66.000’lik bir artışa karşılık geldi.

Söz konusu yükseliş, başlangıç fiyatının yaklaşık 662 katına ulaşılması anlamına geliyor. Grafikte benzer oran güncel döngüye uygulanıyor ve hesaplama 0,95-1,00 dolar bölgesinden başlatılıyor. Aynı çarpanın tekrarlanması, matematiksel olarak XRP fiyatını yaklaşık 630-660 dolar aralığına taşıyor.

Logaritmik ölçekte hazırlanan grafikte yeşil projeksiyonun 650 dolar civarına ulaşmasının nedeni bu hesaplama. Bununla birlikte geçmişte yaşanan yüzde 66.000’lik yükseliş, gelecekte de aynı hareketin gerçekleşeceğine dair kanıt oluşturmuyor.

XRP İçin Uzun Vadeli Fiyat Hedefleri Neler? Grafik, mevcut daralan fiyat yapısının yukarı yönlü kırılması halinde izlenebilecek çeşitli seviyeleri gösteriyor. İlk önemli bölge, önceki döngünün zirvesini temsil eden yaklaşık 3-3,60 dolar aralığı. XRP’nin çok daha yüksek seviyelere ulaşabilmesi için öncelikle bu bölgeyi geri kazanması gerekiyor.

Bu eşiğin üzerinde logaritmik kanal, yaklaşık 12 dolar ve 165 dolar seviyelerini daha ileri referans bölgeleri olarak öne çıkarıyor. Yeşil projeksiyon ise geçmişteki yükselişin yüzdesel büyüklüğünü tekrarlayan senaryoda yaklaşık 650 dolara uzanıyor.

Grafikte ayrıca 2027’ye doğru uzanan yapının üst bölümünde yaklaşık 1.300 dolarlık bir kanal çizgisi bulunuyor. Ancak bu seviye doğrulanmış bir fiyat hedefi değil, uzun vadeli logaritmik kanalın işaret ettiği bir referans noktası. Bu nedenle söz konusu değerleri kesin XRP tahminleri olarak yorumlamak doğru olmaz.

Fiyat İçin Hangi Destek Ve Dirençler Önemli? Grafiğin daha kısa vadeli görünümü, yüzlerce dolarlık projeksiyonlardan çok daha sınırlı bir fiyat aralığına işaret ediyor. XRP’nin uzun vadeli grafiğinin altında yükselen kırmızı bir destek çizgisi bulunurken 2025 zirvelerinden gelen aşağı eğimli turkuaz direnç çizgisi fiyatı yukarıdan baskılıyor. İki çizginin 2026 sonu ile 2027 başı arasında birbirine yaklaşması, piyasada daralan bir fiyat yapısına işaret ediyor.

Yaklaşık 0,95-1,00 dolar bölgesi bu nedenle kritik önem taşıyor. Bu alan hem yükselen uzun vadeli trend çizgisine yakın duruyor hem de geçmiş yükselişin ölçüldüğü başlangıç bölgesini oluşturuyor. Son haftalık mumda görülen 1,3188 dolarlık dip ise daha yakın vadede izlenebilecek ilk destek noktası.

Grafik görüntüsünde XRP yaklaşık 1,3758 dolardan işlem görüyordu. Güncel CoinMarketCap verisi ise fiyatı yaklaşık 1,39 dolar seviyesinde gösteriyordu. İlgili haftalık mum 1,5203 dolar civarında açılmış ve görüntünün alındığı sırada yaklaşık yüzde 9,5 düşüş kaydetmişti.

XRP 650 Dolara Ulaşmadan Önce Ne Yapmalı? XRP’nin önce düşen turkuaz direnç çizgisini aşması, ardından yaklaşık 3,50-3,60 dolarlık önceki zirve bölgesini yeniden kazanması gerekiyor. Bu adımlar gerçekleşmeden üç haneli fiyat seviyelerine yönelik projeksiyonlar teknik açıdan uzak senaryolar olarak kalıyor.

Tersine, yükselen kırmızı trend çizgisinin ve 1 doların altındaki son dip bölgesinin kaybedilmesi mevcut yapıyı zayıflatabilir. Bu durumda mavi çizginin dayandığı tarihsel karşılaştırmanın temel aldığı destek yapısı zarar görür.

XRP için uzun vadeli piyasa analizinde önce desteklerin korunup korunmadığına, ardından direnç kırılımına odaklanmak daha anlamlı.

Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Evernorth, the Ripple-backed company building an XRP-focused digital asset treasury, has completed its merger with Armada Acquisition Corp. II, according to a regulatory filing. 

The company expects to begin trading on Nasdaq under the ticker XRPN on Monday, Oct. 12.

The transaction brings together Evernorth, Pathfinder Digital Assets, Ripple, Armada and two merger subsidiaries. Under the deal structure, Pathfinder and the former Armada entity became wholly owned subsidiaries of Evernorth. 

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Armada also completed its move from the Cayman Islands to Delaware on Oct. 8, adopting the name Arrington Capital SPAC I Inc.

The transaction is associated with approximately 473 million XRP and $300 million in cash proceeds, providing Evernorth with resources to pursue its digital asset treasury strategy.

The company's backers include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken and GSR. Armada was sponsored by Arrington XRP Capital Fund, LP.

Evernorth founder and CEO Asheesh Birla said the company aims to contribute to the XRP Ledger ecosystem by deploying capital, supporting liquidity and working with developers building infrastructure for institutional participants.

The merger represents a step toward bringing XRP-focused treasury exposure to public-market investors. However, the completion of the deal does not necessarily translate into immediate demand for XRP itself, and the token's price continues to respond to broader market conditions.

Why Is XRP price down?XRP has remained under pressure despite Evernorth's corporate milestone, with the latest decline occurring alongside weakness across the broader cryptocurrency market.

XRP's weekly losses are at roughly 9% to 10%. On Oct. 10, the token was trading around $1.40 to $1.41 in reported market updates, although prices vary by exchange and can change throughout the day.

Several macroeconomic factors have weighed on digital assets, including higher oil prices, elevated U.S. Treasury yields and a stronger dollar. Bitcoin's weakness has added to the pressure on altcoins, leaving XRP exposed to broader risk-off sentiment.

Derivatives positioning has also shifted. Reported data showed XRP futures open interest declining by 4.6% in token terms and 8.6% in dollar terms. A contraction in open interest suggests that traders are closing positions, while forced liquidations of leveraged long positions can intensify selling during a downturn.

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The technical picture offers some potential support. XRP remains above a moving average near $1.28, while its daily relative strength index has retreated toward neutral territory after September's correction. The cooling momentum may reduce immediate overbought conditions, but it does not rule out further losses.

For traders, the ability to hold above nearby support will be important in determining whether XRP stabilizes or extends its decline. A sustained recovery would likely require renewed buying interest and improved conditions across the wider crypto market.

Evernorth's merger and upcoming Nasdaq listing add a new development to XRP's institutional story, but they have not insulated the token from market-wide selling. For now, broader risk sentiment, derivatives activity and technical support remain central to XRP's short-term price direction.

Crypto analyst ChartNerd has raised questions about the recent absence of highly optimistic $1,000 XRP price predictions, noting a decline in activity among social media accounts previously known for making bold forecasts about the digital asset’s future value.

ChartNerd, who regularly analyzes cryptocurrency trends, posted on social media expressing surprise at the lack of $1,000 XRP projections in recent days. The analyst’s remarks emphasized a noticeable change in the tone of XRP commentary, with previously vocal proponents of extreme price targets appearing less present.

Instead of offering a new forecast, ChartNerd’s comment highlighted the current quiet period following months of lively debate about XRP’s potential to reach four-figure prices. This change reflects a broader trend in the online XRP community, which has often oscillated between periods of heightened speculation and skepticism.

I haven’t seen any $1,000 $XRP callers out and about the past few days. Feels quite eerie. Can you come back?

XRP, the native cryptocurrency of the Ripple payment network, has drawn widespread attention over the years due to frequent bullish price predictions on social media platforms.

Contrasting views emerge on XRP’s future targetsResponses to ChartNerd’s post revealed a spectrum of opinions on what constitutes a realistic price target for XRP. An account named Nighthawk echoed the observation and suggested that calls for $1,000 could resume if XRP first surpasses $1.52, a milestone that might reignite optimistic commentary.

They always disappear. But once we hit 1.52, someone will post we are BACK lol.

Meanwhile, commenter Takashi Eikichi took a more critical stance, pointing out that $1,000 predictions have circulated for years without any tangible progress toward that benchmark. Eikichi regarded these ongoing predictions as “nonstop yapping,” signaling skepticism towards repeated, unachieved targets.

Other voices, such as DocRich, advocated for more moderate expectations, arguing that XRP should first attempt to reach $4 before considering double-digit or four-figure price points. According to DocRich, expectations of a rapid surge to $1,000 remain highly unrealistic in the current market landscape.

Among the more optimistic but long-term perspectives, Secret Foundation predicted that XRP could theoretically approach the $1,000 mark within 10 to 15 years, but also set a nearer target of $1.60 by the end of the month.

Mini dictionary: Ripple payment network, a real-time gross settlement system and remittance network established by Ripple Labs, facilitates cross-border payments and currency exchange using XRP as its digital asset.

CommenterShort-Term TargetLong-Term TargetNighthawk$1.52Not SpecifiedDocRich$4Double digits, not $1,000 soonSecret Foundation$1.60 this month$1,000 in 10–15 yearsTakashi EikichiNot SpecifiedSkeptical of $1,000 ever happeningRange of expectations underscores ongoing debateThe reactions to ChartNerd’s observations illustrate ongoing divisions within the XRP community regarding plausible price trajectories. Some market participants remain cautious, focusing on incremental achievements, while others continue to anticipate dramatic long-term gains.

Despite the recent lull in vocal $1,000 predictions, discussions around XRP’s valuation continue to draw engagement, suggesting that belief in significant upside persists for some investors.

For now, the XRP community remains split between skepticism, moderation, and optimism, as investors assess the likelihood of both near-term milestones and long-term targets.

Ex-Ripple Exec on What's Next for XRP: Agentic Payments, RLUSD Surge Onchain

UK authorities have imposed sanctions on five crypto and payment service providers accused of helping Russia circumvent international financial restrictions. The move aims to disrupt alleged illicit financial channels, with the government freezing the companies’ UK-based assets and prohibiting any transfers to these entities by individuals or businesses in the country.

Sanctioned entities and accusationsThe United Kingdom targeted Cryptomus, Heleket, TokenSpot, Tsunami Payments, and Processing KG, reporting that these platforms served as conduits for Russian entities seeking to evade sanctions. Government action included asset freezes and explicit restrictions against UK residents and firms sending funds to these companies.

Authorities stated that Cryptomus and Heleket are owned by the same individual and have corporate ties to Canada through Xeltox Enterprises Ltd. TokenSpot, Tsunami Payments, and Processing KG were found to be linked to Kyrgyzstan. Investigators also connected several of the sanctioned platforms to the A7 network, which utilizes the ruble-pegged A7A5 stablecoin.

Mini dictionary: A7A5 stablecoin, a digital asset tied to the value of the Russian ruble, with the A7 network facilitating large-scale transfers in this currency. Stablecoins are designed to maintain a consistent value by pegging to a fiat currency.

Officials reported that the A7 network processed over $90 billion in transactions, raising further concerns about the scale of possible sanctions evasion.

PlatformCountry of LinkAsset StatusAssociated NetworkCryptomusCanadaFrozenA7 networkHeleketCanadaFrozenA7 networkTokenSpotKyrgyzstanFrozenA7 networkTsunami PaymentsKyrgyzstanFrozenA7 networkProcessing KGKyrgyzstanFrozenA7 networkUser safety warnings from James Rule XRPJames Rule XRP, a prominent cryptocurrency educator, cautioned users to exercise vigilance when selecting platforms, especially in light of the sanctions and the risk of emerging scams. He warned that copycat websites often appear after a platform is sanctioned, seeking to exploit unsuspecting users by mimicking legitimate brands and interfaces.

When authorities take down a crypto platform, “copycat sites often pop up under a new name” and can easily deceive users. Always verify a website and its ownership before making a transaction. Checking before you send funds remains crucial.

Scammers may replicate the names, logos, and user interface designs of legitimate firms to appear trustworthy, with the aim of tricking users into sending them money or disclosing sensitive information.

Platform verification and user protection stepsThe recent sanctions show the importance of verifying the authenticity of crypto platforms—especially when websites claim to operate as the “new home” of a suspended or sanctioned service. Users should visit a platform’s official site, cross-check its corporate information, and rely on announcements from reliable, verified channels.

James Rule XRP recommended that users double-check wallet addresses and payment details before sending funds, particularly in times of increased risk associated with high-profile sanctions. He also highlighted the need to avoid relying on familiar-sounding names or social media announcements without due diligence.

A familiar name does not guarantee legitimacy, especially after sanctions. Always conduct your own verification to avoid falling victim to fraudulent sites that surface during industry upheaval.

The UK’s focus on regulating crypto payment providers follows global trends as authorities attempt to close avenues for sanctioned individuals and entities to access international finance via digital assets.

Investors seeking exposure to Evernorth’s planned XRP treasury through public markets will wait slightly longer than first indicated after the company adjusted its merger and listing timetable.

In an October 6 statement, Evernorth said an administrative delay had shifted its expected schedule, while emphasizing that the change is not anticipated to prevent the transaction from closing.

The firm now looks for the business combination with Armada Acquisition Corp. II to conclude on Friday, October 9.

Shares of the combined company, expected to trade under the ticker XRPN, are projected to begin on Nasdaq on Monday, October 12.

Both dates remain contingent on ordinary closing conditions and on satisfying Nasdaq’s listing standards.

The company also reminded followers that Armada II shareholders had already voted in favor of the merger.

That vote took place at an extraordinary general meeting on September 30.

An October 1 announcement from Evernorth and Armada II had previously pointed to a closing around October 7 and a trading start around October 8.

The newer guidance therefore moves the anticipated closing by two days and the expected first trading session by four days, effectively pushing the debut from midweek into the following week.

Descriptions of the dates as expectations, rather than fixed commitments, leave room for further adjustment if remaining conditions require it.Evernorth is structured as a digital asset treasury business whose principal holding is XRP.

Under the combination, the resulting public company is projected to hold roughly 473 million XRP at closing, a position the parties have described as large enough to make it the biggest pure-play XRP treasury available on a public exchange.

Separate from token contributions, the transaction has been outlined as generating about $300 million in gross cash proceeds before expenses.

Those proceeds have been associated with related private placements, incremental convertible-note financing, and cash remaining in Armada II’s trust account.

Some investors have also supplied XRP directly rather than cash.Armada II is a special purpose acquisition company already associated with the Nasdaq ticker that the combined entity intends to use.

Shareholder approval cleared a major procedural step, but it did not by itself complete the merger or guarantee an immediate listing.

Due to an administrative delay that is not expected to affect the closing, we now expect to close on Friday, October 9th, with XRPN expected to start trading on Nasdaq on Monday, October 12th, in each case subject to customary closing conditions and Nasdaq listing requirements.…

— evernorthxrp (@evernorthxrp) October 6, 2026

Closing still depends on satisfaction or waiver of remaining conditions, and the start of trading depends on the exchange’s requirements being met.

Evernorth’s October 6 note framed the postponement specifically as administrative and said it was not expected to affect completion of the deal.

Backers previously identified in connection with the transaction include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.

The companies have stated that investor participation in the funding arrangements remained intact after the shareholder vote.

Once closed, the combined business is expected to operate as Evernorth Holdings, Inc., with Class A common stock intended for Nasdaq trading under XRPN.

The revised timetable arrives after months of preparatory steps, including effectiveness of a registration statement that allowed the shareholder solicitation to proceed and the September 30 vote itself.

Market participants watching the XRP treasury sector have treated the listing as a potential route to regulated equity exposure tied to a large dedicated XRP position, distinct from holding the token directly. Whether the October 9 and October 12, 2026 targets actually hold will depend on the final closing mechanics and exchange clearance. Until those conditions are satisfied, the dates remain forward-looking estimates rather than confirmed events (at the time of writing).

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XRP is trading at a key juncture as market participants watch for the next significant move. According to crypto analyst Celal Kucuker, the latest technical setup could pave the way for XRP to reach $2 before the end of the month. At the time of Kucuker’s analysis, the digital asset was trading at $1.399, with technical patterns signaling a potential change in momentum.

Descending channel frames price actionKucuker’s chart highlights a well-defined descending channel, which has guided XRP’s recent price action. The asset has consistently set lower highs within this formation, reflecting ongoing bearish pressure. Notably, the horizontal support level at $1.315 has acted as a critical floor, with buyers defending this zone on several occasions.

Resistance levels have emerged above the current price, specifically near $1.50 and $1.55. The chart also features multiple Change of Character (CHoCH) signals. A bullish CHoCH around $1.50 coincided with a recent surge, while a subsequent bearish CHoCH suggests that sellers regained control shortly after.

Kucuker pointed out that XRP recently bounced from a solid support and noted, “I believe $2 is within reach by the end of the month.”

These technical signals indicate key areas where momentum could shift, keeping both bullish and bearish scenarios in play as traders monitor the channel boundaries.

Critical support and resistance levelsThe most recent trading activity shows XRP rebounding off the $1.315 support zone. The upper boundary of the descending channel currently stands between $1.70 and $1.80, presenting the next major hurdle for any bullish breakout. A decisive move above this trendline would represent a significant change in the asset’s structure.

Until such a breakout occurs, XRP’s price remains capped by channel resistance above and underpinned by strong support below. The analysis emphasizes that the $1.315 level is fundamental to the current setup and will likely be watched closely by market participants.

What it would take for XRP to hit $2For XRP to achieve the $2 target, it must first clear resistance at $1.55 and break out above the descending channel. Holding the retest of this breakout would be crucial to sustaining bullish momentum. Repeated CHoCH signals in previous market moves suggest the structure can flip quickly, making the maintenance of $1.3150 support central to this scenario.

Mini dictionary: CHoCH (Change of Character), a technical analysis term used to describe shifts in market structure, signaling a possible reversal in price direction.

With key levels acting as inflection points, traders are watching price movement closely for confirmation of either a breakout or renewed downward pressure.

LevelSignificance$1.315Major support, frequently tested$1.50Initial resistance, bullish CHoCH level$1.55Key resistance, breakout trigger area$1.70–$1.80Descending channel upper boundary$2.00Analyst’s upside targetCommunity responses to Kucuker’s outlook varied. One commenter supported the $2 forecast and even suggested the potential for $2.16, while predicting $3.1 by November. Conversely, another analyst acknowledged the strength of the recent bounce but raised concerns over a 5.9% drop in open interest, pointing out that long positions still outnumber shorts 2 to 1. He also highlighted negative funding rates, signaling that shorts are being paid to maintain positions, which may undermine bullish conviction.

Skeptics in the discussion questioned the likelihood of reaching $2 within the proposed timeframe, emphasizing that key resistance levels at $1.45 and $1.55 remain formidable barriers before any move towards higher targets.

Some participants highlighted $1.45 and $1.55 as pivotal resistance zones, cautioning that a bounce does not guarantee a sustained rally for the month.

Cardano gains 6% as Ethereum and XRP recover cautiously. October 10 analysis maps support, resistance, and key signals for ETH, XRP, HYPE, ADA, and Uniswap.

Asset Aggregate USD price Rolling 24-hour change Aggregate 24-hour volume Market-cap rank Ethereum (ETH) $2,490.34 −0.08% $8.51 billion 2 XRP $1.40 +0.55% $1.65 billion 5 Hyperliquid (HYPE) $83.86 −1.83% $627.49 million 11 Cardano (ADA) $0.250879 +6.38% $533.38 million 17 Uniswap (UNI) $7.35 −0.21% $472.85 million 27 Ethereum Remains Below Its 50-Day EMA Ethereum closed October 9 at $2,485.34 on Kraken, gaining 0.50% from $2,472.90. The session’s $2,469.04–$2,518.11 range stayed inside the previous day’s wider range, showing stabilization after the decline without a confirmed reversal.

ETH/USD daily candles with 20-day and 50-day EMAs; the October 9 rebound closed both averages below. The 50-day exponential moving average eased to $2,501.13, while the 20-day EMA fell to $2,616.99. Although the shorter average remains above the longer one, price closed below both. That combination shows the recent selloff has outpaced the slower adjustment in the averages.

ETH traded above the 50-day EMA during the session but failed to retain that level at the close. A daily close above $2,501, followed by a break above $2,518–$2,533, would strengthen recovery prospects toward $2,585.31. The declining 20-day EMA near $2,617 is a further obstacle.

Initial support is $2,469.04. A close below it would expose the October 8 low at $2,405.35; losing that low would reopen the September lows around $2,355–$2,367. A recovery above $2,533 that subsequently closes below $2,501 would weaken the bullish case.

ETH’s aggregate quote was approximately 2.86% below the $2,563.70 snapshot in its October 8 report. The $2,533 support discussed then has since failed on a completed daily close.

XRP RSI Improves but Stays Below Neutral XRP closed October 9 at $1.39438, up 1.10% from $1.37915. Its $1.37297–$1.40583 session range was entirely inside the preceding candle, leaving the October 8 low intact.

XRP/USD daily candles and Wilder RSI (14); RSI recovered to 43.30 while price formed an inside candle. Daily RSI, calculated over 14 periods with Wilder smoothing, rose to 43.30 from 41.17. Momentum improved with the higher close but remained below the neutral 50 line.

Four-hour RSI at the synchronized cutoff was 39.95, also below neutral. Neither reading establishes a completed momentum reversal.

The first support area spans $1.37297–$1.37915, combining the latest low with the preceding close. A daily close below $1.37297 would weaken the rebound and place $1.31770 back in focus.

A close beneath that lower boundary would invalidate the developing base and expose the September lows at $1.24610–$1.26409.

For recovery, XRP needs a daily close above $1.40583, followed by $1.42869. Clearing both would reopen the former support area around $1.447–$1.464. A return below $1.40583 after that breakout would weaken its confirmation.

The aggregate quote increased from Friday’s rounded $1.39 snapshot to $1.40, approximately 0.7%.

However, the completed close remained below the initial $1.39796 recovery hurdle identified in the previous report.

Hyperliquid Closes Flat as MACD Weakens Hyperliquid finished October 9 at $84.16, unchanged from the previous daily close. The session reached $86.56 but settled near the lower part of its $83.33–$86.56 range.

HYPE/USD daily candles with MACD (12,26,9); an unchanged close accompanied a more negative histogram. Daily MACD, using 12- and 26-period exponential averages and a nine-period signal EMA, remained below its signal line. The MACD line declined to 0.7585 against a signal of 1.9092. Its histogram became more negative, moving from −0.9359 to −1.1507.

This was continued weakening within an existing bearish line-signal relationship, not a new crossover. The MACD line remained above zero, while the four-hour MACD was below both zero and its signal at the chart cutoff.

Support lies at $82.61–$83.33, the latest two daily lows. A close below $82.61 would confirm another leg lower and expose the September trading area around $80.27–$81.56. The September 15 low at $75.11 is the deeper reference.

A daily close above $86.56 would improve the immediate structure, but $88.83 remains the stronger recovery threshold. Clearing it would reopen $91.28–$92.32. A subsequent close below $86.56 would weaken the breakout scenario.

Cardano Rebounds Toward the 50% Retracement Cardano closed October 9 at $0.242953, up 4.67%, after reaching $0.243405. The rebound followed the sharp October 8 decline, but the completed close recovered only part of that lost ground.

ADA/USD daily candles with Fibonacci levels of the October 6–8 decline; the completed close reclaimed 23.6%, with further gains occurring intraday. The Fibonacci grid measures an upward retracement of the downswing from the October 6 high of $0.282499 to the October 8 low of $0.223147.

Its principal recovery levels are $0.237154 at 23.6%, $0.245819 at 38.2%, $0.252823 at 50% and $0.259827 at 61.8%.

Friday’s close reclaimed 23.6% but remained below 38.2%. The later aggregate quote of $0.250879 stood above 38.2% and below the midpoint; that advance remains intraday.

A daily close above $0.245819 would confirm the next recovery step. Clearing $0.252823 would strengthen the case for a test of $0.258051–$0.259827, where the October 8 high meets the next retracement.

A close below $0.237154 would surrender the first recovery level and expose Friday’s $0.231118 low. Losing $0.223147 would invalidate the current rebound from the swing low and reopen $0.218200.

These levels describe conditional retracement scenarios, not assured targets.

Uniswap Rebounds but Remains Below Its Lower Bollinger Band Uniswap closed October 9 at $7.3206, up 2.93% from $7.1120. The session recovered from $7.1039 to $7.4482 but ended below the upper part of that range.

UNI Price Analysis 2026 10 10 Daily Bollinger Bands, using a 20-day simple moving average and two population standard deviations, placed the midpoint at $8.8970, the upper band at $10.3552 and the lower band at $7.4388. The close remained below the lower band for a second session.

That positioning shows persistent downside pressure relative to the recent price distribution. It does not, on its own, establish that a rebound must follow. Friday’s 348,333 UNI turnover was only 33% of the preceding 20-session average on Kraken.

A daily close above $7.4482 would clear Friday’s high and, if maintained relative to the recalculated band, mark a return inside the envelope. The next resistance references are $7.6730 and $8.0208. A return below $7.4388 would weaken the initial recovery, subject to the band’s daily adjustment.

Support spans $6.9894–$7.1039. Losing $6.9894 on a daily close would invalidate the latest rebound and expose the September support area around $6.6164–$6.6650.