Ripple's former CTO, David Schwartz, revealed that he once held approximately 26 million XRP, but this amount has decreased to around 2 million XRP over time.
David Schwartz, former CTO of Ripple and a prominent figure in the XRP Ledger, made a noteworthy statement regarding his personal XRP holdings.
According to David Schwartz, in a post on the X platform, he stated that he once held approximately 26 million XRP, but this amount has decreased to approximately 2 million XRP over time.
A Decrease of 24 Million XRP! Schwartz’s statement came in response to a user’s question about the size of his personal XRP holdings. The former Ripple executive stated that his XRP holdings reached approximately 26 million tokens at their peak, and today he holds around 2 million XRP.
These figures mean Schwartz has reduced his XRP position by approximately 92 percent.
Schwartz has previously stated that he has gradually reduced his XRP holdings and that risk management has played a significant role in these decisions.
In previous statements made in 2026, he said that he preferred to reduce his position as the XRP price rose, stating that holding large amounts of cryptocurrency posed a significant risk for him and that he disliked taking risks.
However, there is no detailed information on when and at what price Schwartz reduced his XRP holdings from 26 million XRP to the current 2 million XRP. Therefore, the statement reveals the total change in his personal XRP holdings over time, not a specific sales transaction.
*This is not investment advice.
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Amid subdued crypto sentiment and capital outflows, EiCrypto is promoting cloud mining as a way for holders to generate cash flow from idle digital assets.
Summary
EiCrypto launches cloud mining services aimed at helping crypto holders put idle BTC, ETH and DOGE assets to work. With crypto liquidity weakening, EiCrypto introduces cloud mining contracts that let users access computing power without owning hardware. EiCrypto expands into cloud mining with renewable-powered infrastructure, offering holders an alternative way to generate returns from digital assets. Cryptocurrency market sentiment has recently been subdued, driven primarily by a breakdown in on-chain liquidity transmission, persistent net outflows from spot ETFs, sell-offs by whales and large holders (such as Strategy), and a macro-level decoupling between traditional finance and crypto assets. Although US stocks have hit new highs on expectations of interest rate cuts, capital has not effectively flowed into the crypto market.
Consequently, a large number of long-term cryptocurrency holders face two issues: price volatility and asset dormancy.
Price Volatility: The prices of major cryptocurrencies such as Bitcoin, Ethereum, and XRP are susceptible to factors including market sentiment, macroeconomic conditions, policy changes, and capital flows, potentially leading to significant fluctuations within short periods. Investors relying solely on price appreciation for returns must wait for market opportunities over the long term while also bearing the risk of price declines. Asset Dormancy: When investors choose to hold digital assets for the long term, the assets themselves typically remain in a relatively “dormant” state unless they are traded, staked, or utilized in other digital asset services. In other words, while the assets possess potential long-term value, they do not automatically generate additional cash flow while the investor waits for price appreciation. Consequently, an increasing number of users are shifting their investment mindset; while retaining their assets and the potential for long-term growth, they are seeking alternative ways to enhance asset utilization and establish diversified passive income streams.
In response to growing market demand, EiCrypto has launched a brand-new cloud mining service. Leveraging a unique contract mechanism that links hash power to returns, the service enables users to effectively mitigate market volatility risks and convert idle assets — such as BTC, ETH, and DOGE — into cash flow, thereby establishing an efficient passive income solution.
EiCrypto operates mining facilities across more than 100 countries, utilizing over 800,000 mining units powered entirely by renewable energy and situated in regions with low electricity costs and stable infrastructure.
These mining facilities operate continuously to mine cryptocurrency. Users do not need to purchase hardware or grapple with technical complexities; instead, they participate remotely by selecting cloud mining contract plans via the EiCrypto platform, thereby securing the right to utilize computing power for a fixed contract term. The share of computing power purchased determines the user’s final returns.
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Annual financial and security compliance audits by PwC; Digital asset custody insurance from Lloyd’s of London; Cloudflare enterprise-grade cybersecurity protection and McAfee® security systems; AI-driven risk control, multi-layered encryption architecture, and two-factor authentication (2FA). In conclusion EiCrypto’s new cloud mining model effectively solves the two major problems of price volatility and asset idleness. In the future, what will truly differentiate us will not only be wealth accumulation, but also our level of understanding and innovation capabilities.
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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Technical analysts have identified a potential trend reversal for $XRP, highlighting a convergence of moving averages and strong price support around the $0.93 to $1.00 range. Chart analyst EGRAG CRYPTO flagged the recent crossing of the 200-period Simple Moving Average (SMA) and the 200-period Exponential Moving Average (EMA) on XRP’s three-day chart, describing it as a signal seen during previous macro bottoms.
Moving averages signal possible bottomThe compression of the 200 SMA and 200 EMA follows a period of significant price declines and, according to EGRAG CRYPTO, may mark the early stages of a new upward trend. Historically, this type of moving average crossover has suggested that a bottoming phase is underway rather than a breakdown.
Moon Lambo, a cryptocurrency commentator, reinforced this analysis in a recent video, stating that traders should watch for price activity around the $1 level on XRP, where psychological and technical support converge.
Both analysts note that liquidity remains concentrated below current price levels, with channel support aligning near the $0.93 to $1 zone.
Mini dictionary: Moving average cross, A technical pattern where two moving averages (such as 200 SMA and 200 EMA) intersect, often used by traders to identify changes in trend direction.
$0.93–$1.00: Critical zone for shakeout and reversalEGRAG CRYPTO identifies the area between $0.93 and $1.00 as crucial for a possible wick, which could shake out late buyers and attract short sellers before a reversal to the upside. He explained that a move below the current price, followed by a quick recovery above $1, would represent a classic market trap, often preceding strong upward moves.
My preferred scenario involves a wick into the $0.93–$1.00 range, a rapid reclaim of the $1.00 level, and a subsequent reversal. This setup typically flushes out late bullish traders, invites short sellers, and then flips direction.
Moon Lambo echoed this view, suggesting that a brief drop into the highlighted zone would not alarm traders who understand the technical factors at play.
Should XRP avoid dipping into this support area and instead reclaim higher price structure early, EGRAG CRYPTO considers this scenario even more bullish.
Market outlook and next resistance levelsEGRAG CRYPTO emphasized that he sees the current structure as a bottoming phase for XRP, not a sign of further declines. He points to a potential rally if XRP breaks out cleanly from this key zone.
Those lacking technical experience may view a dip into the $0.93–$1.00 range as a breakdown. However, market participants who understand the structure will likely see it as an entry opportunity for the next upward leg.
EGRAG CRYPTO’s analysis includes a charted pathway with the next target set within the so-called “Yellow Range,” spanning $1.62 to $2.30 upon a confirmed reversal from the anticipated support zone.
Key SupportResistance (“Yellow Range”)Moving Averages$0.93–$1.00$1.62–$2.30200 SMA & 200 EMA crossThe main question, as highlighted by EGRAG CRYPTO, is whether the market will produce a final wick into the $0.93–$1.00 zone before momentum reverses, or whether strength already in place will propel XRP upward without a new low.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A CryptoQuant analyst said XRP open interest on Binance has climbed to approximately $461.3 million, its highest level in two months, signaling increased activity in the token’s derivatives market.
Open interest has risen from around $360 million at the beginning of August while XRP trades near $1.00, reflecting a significant increase in capital committed to outstanding derivatives positions.
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The analyst noted that rising open interest does not indicate whether traders are predominantly positioned long or short. Instead, the increase points to greater participation and speculation in the XRP derivatives market.
If XRP rises while open interest continues to increase, it could indicate new positions supporting upward momentum. Conversely, continued price weakness alongside elevated open interest could increase the risk of liquidations and sharper price moves.
The analyst said funding rates, trading volume and the long to short ratio will be important indicators for assessing how traders are positioned as XRP approaches key price levels.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
XRP is approaching a deadline that could put its market under pressure. A new unlocking wave scheduled by Ripple is set to release a massive amount of tokens, while the price is already trading around a sensitive technical level. Behind the spectacular figure of this operation lies a more nuanced reality. Not all unlocked XRP necessarily join the market. Between genuinely available supply, risk of selling pressure, and price fragility, the coming weeks could become decisive for XRP.
In Brief Ripple plans to unlock 1 billion XRP on September 1st. 600 to 800 million XRP are expected to be re-locked, limiting the supply actually injected. 200 to 400 million XRP could enter the market to fund Ripple’s activities and ecosystem. XRP trades around the sensitive $1 threshold, in a fragile technical setup. The Background of a Massive Asset Unlocking by Ripple As September 1st approaches, the American company Ripple prepares to execute a contractual routine established since the end of 2017: the monthly unlocking of one billion XRP tokens freed from its escrow accounts. The company had strategically chosen at the time to isolate 55 billion XRP in fixed-term contracts to bring predictability to the management of its reserves.
At the current price hovering around one dollar per token, this operation represents the theoretical equivalent of one billion dollars injected into the market. However, interpreting these figures does not reflect the operational reality observed on the blockchain. Transaction history shows that the firm systematically re-locks between 600 million and 800 million XRP in new time-lock contracts. Consequently, the actual increase in circulating supply each month is only within the range of 200 million to 400 million XRP.
These resources genuinely integrated into the market are also not intended to be wildly sold on exchange order books. Ripple reinjects those 200 to 400 million dollars of assets to support its overall operational infrastructure, feed its On-Demand Liquidity (ODL) service, seal institutional partnerships, and fund ecosystem development initiatives. Relative to the global crypto market, this net monthly contribution remains relatively modest.
In comparison, XRP’s daily transaction volume very frequently exceeds the one billion dollar mark on major international exchanges. The highly predictable and planned nature of these issuances historically limits their direct impact on prices. While brief periods of volatility sometimes occur at the unlocking, the market generally tends to stabilize once the amounts re-locked under escrow are confirmed, as institutional investors have factored in this parameter for several years.
To better understand the real functioning of this recurring financial operation, its key characteristics should be summarized as follows :
The nominal unlocked volume : 1 billion XRP released on September 1st from the initial escrow contracts of 55 billion dating from 2017 ; The re-escrow locking : 600 million to 800 million XRP immediately locked again in new forward contracts ; The real net injection : 200 million to 400 million XRP effectively put into circulation, equivalent to a net value of 200 to 400 million dollars ; Allocation of funds : financing On-Demand Liquidity (ODL) services, institutional partnerships, and ecosystem development ; Liquidity context : a net contribution absorbed by a daily XRP trading volume greater than 1 billion dollars on crypto exchanges. The Technical Fragility of XRP Facing Support Tests The real concern of analysts lies not so much in the schedule but in the delicate technical configuration in which Ripple’s crypto finds itself at the time of this release. The token slips below its major $1 support, trading at $0.99 with a 0.3% decline over the last 24 hours and a cumulative drop of more than 1% on the weekly scale.
This passage below the psychological dollar mark is accompanied by concerning weakness signals from a trend-following perspective. The crypto’s price now moves below its simple 50-day moving average, set at $1.07, confirming short-term dominance of bearish pressure. Moreover, the gap separating it from its 200-day simple moving average, located at $1.28, highlights the deterioration of the underlying longer-term momentum.
From a momentum indicator standpoint, the 14-day Relative Strength Index (RSI) stands at 37.83. Although the crypto remains formally in the neutral zone, this level dangerously flirts with the critical threshold of 30, marking the oversold boundary. This configuration indicates persistent selling pressure, though not yet extreme. If the slide continues, the asset risks sinking further into an oversold zone, while a rebound of the RSI above 50 would be necessary to hope for a return of bullish momentum.
Future Challenges for the Crypto’s Trajectory Between Ripple’s accounting management and the graphic realities of its token, the challenge for the next two weeks promises to be decisive for investor confidence. Although experience shows that the absorption of the net supply of 200 to 400 million XRP usually occurs without major shocks thanks to large trading volumes, the current fragility of technical support could increase investor nervousness.
The market thus faces a complex trade-off between the theoretical neutrality of a programmed mechanism and the psychology of actors reluctant to accumulate an asset below its main moving averages. In this context, where short- and medium-term trends remain bearish, buyers’ ability to defend the $0.99 zone and quickly push the XRP price back towards the 50 SMA at $1.07 will be decisive. Failure to regain these key levels could anchor the token in a prolonged stagnation phase, turning calendar regularity into an additional catalyst of uncertainty.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
A long-standing theory connecting Elon Musk to XRP and, by extension, to XLM, has re-entered discussion within the cryptocurrency community. The renewed debate stems from content by Digital Asset Investor, a well-known social media figure in crypto circles, who says he introduced the hypothesis years before it gained wider attention.
The timeline behind the Musk-XRP theoryThe core of the argument traces back to 1999, when Musk established X.com, one of the earliest digital payments companies. That firm pioneered what some describe as the first instantaneous digital currency transfers before merging with what eventually became PayPal. Musk later shifted focus to aerospace technology, founding SpaceX and dedicating himself to rocket development for over a decade.
Supporters of the theory propose that this apparent change in direction was actually a form of strategic separation allowing Musk to maintain covert ties with digital payments. After reacquiring the X.com domain and purchasing Twitter, which he rebranded as X, Musk reportedly aimed to harness the platform’s vast, largely verified user base for building an expansive money transfer system.
Mini dictionary: X.com — Founded in 1999 by Elon Musk, X.com was an early digital banking and payments venture that merged with Confinity to form PayPal, now one of the world’s largest online payments platforms.
Satellites, distributed nodes, and global paymentsThe theory takes a technical turn with claims that SpaceX’s Starlink satellite program could play a direct role in building XRP infrastructure. According to Digital Asset Investor, satellites launched by Musk’s company may soon serve as hosts for cryptocurrency nodes, creating new pathways for financial connectivity where traditional banking is not available.
Expanding on this, Digital Asset Investor recalls a previously reported story of an XRP node operating inside a Cold War-era underground bunker—suggesting that a distributed network of nodes in space, underground, or beneath the ocean could be resilient against disruptions.
One view asserts that “satellite-supported and geographically distributed crypto nodes would make it nearly impossible to shut down global payments infrastructure relying on XRP.”
Elon Musk’s position on XRPDespite speculation, Musk has avoided making explicit public statements about XRP. In one video segment, when asked if he envisioned XRP’s ledger integrating into global finance, Musk responded, “I certainly cannot speak to any specific crypto.”
Observers have noted that although Musk comments openly on Bitcoin and Dogecoin, he consistently refrains from mentioning XRP, a pattern that some consider intentional. For these theory supporters, his silence fuels further speculation.
Even when questioned directly, Musk consistently avoids addressing XRP, leaving followers to interpret his silence.
Developments on the XRP Ledger and AI integrationApart from the ongoing speculation around Musk, new data points to growth in the XRP ecosystem. The latest figures show that 2 million agentic transactions have been settled directly on the XRP Ledger. In these transactions, AI-powered agents pay each other using both XRP and RLUSD as settlement layers, highlighting a practical use for decentralized technology.
Monica Long, president of Ripple, described the company as “the only game in town” for overseeing digital asset lifecycle management with full compliance across various regions.
Mini dictionary: XRP Ledger — An open-source, decentralized blockchain developed by Ripple focusing on fast transactions, low costs, and efficient cross-border payments. RLUSD is a stablecoin operating within some ecosystems as a settlement asset.
While the hypothesis surrounding Musk and XRP continues to attract debate, recent advancements highlight ongoing innovation in decentralized payments, regardless of celebrity involvement.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In a groundbreaking pilot backed by Dubai’s government, ten physical real estate towers have been fractionalized into 7.8 million digital tokens. These tokens are now approved for secondary-market trading through regulated platforms, with a minimum participation threshold of AED 2,000, equivalent to approximately $540. Settlement for transactions occurs within 3 to 5 seconds via the XRP Ledger (XRPL), with Ripple Custody safeguarding the digital assets throughout the process.
Dubai Land Department moves to tokenizationThe Dubai Land Department, the official government entity responsible for real estate registration and regulation in the emirate, selected XRPL as the foundation for this initiative. During the first phase, the team successfully minted title-deed tokens equivalent to more than $5 million in property value.
Phase two has launched controlled secondary trading, allowing investors to purchase and resell fractional shares of these properties. All asset transfers are synchronized in real time with the official land registry, ensuring consistency between the digital and traditional records.
Dubai’s long-term strategy aims to tokenize 7% of the city’s real estate market—estimated at roughly $16 billion, or AED 60 billion—by 2033. Scaling up from the current pilot of ten properties will require onboarding a larger number of title deeds, further development of regulated distribution channels, and increased participation from both retail and institutional investors.
Lower investment thresholds and a liquid secondary market are positioned to attract a wider pool of capital, including international participants. As more properties are tokenized under the supervision of Dubai’s Virtual Assets Regulatory Authority (VARA) and trading volumes increase, the cumulative value of tokenized property is projected to build steadily toward the 7% market share target.
PhaseTokenized PropertiesProperty ValueTrading AccessPhase One10 towers$5 millionMinting onlyPhase Two10 towers$5 million+Secondary market launched2033 Target~7% of Dubai market$16 billionOpen, regulatedXRPL and regulated digital real estate infrastructureThe selection of XRP Ledger is linked to its established reputation for speed, stability, and cost efficiency, making it suitable for managing high-value physical assets with clear audit trails. Ctrl Alt, a digital infrastructure provider, handles the technical aspects of minting and managing the property titles on-chain.
Ripple Custody ensures the tokens are protected with institutional security measures. Unlike traditional crypto products that lack underlying physical assets, these tokens correspond to actual legal title deeds endorsed and issued by a government body. Structured as Asset-Referenced Virtual Assets, they comply fully with local legal requirements, but are native to the blockchain environment.
Settlement times for secondary trades are reduced from several weeks to just seconds by recording changes both in the traditional registry and on-chain. The dual-ledger approach provides robust legal certainty while boosting operational efficiency.
The involvement of Dubai’s sovereign land registry with XRPL highlights growing confidence among authorities in using public blockchains for critical, regulated asset classes. The current pilot demonstrates full end-to-end functionality from government title issuance to near-instant trading and secure custody.
Officials expect the property token set to expand over time, aligning with Dubai’s vision to become a global digital asset leader and supporting ambitions to grow tokenized real estate to the targeted $16 billion scale by 2033.
Mini dictionary: XRP Ledger (XRPL), Public blockchain developed by Ripple, known for its speed, low transaction costs, and proven support for both cryptocurrency and tokenized real-world assets such as property and financial instruments.
Fractional ownership of Dubai real estate is now accessible via blockchain tokens, offering rapid settlement and secure custody while ensuring all transfers remain compliant with official land registry records.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The decentralized exchange (DEX) built into the XRP Ledger processed more than 4,200 trades through its native bridge asset, XRP, in a 72-hour period, according to Vet, an active validator on the network. The recent visualization shared by Vet demonstrated the XRP Ledger’s distinctive auto-bridging protocol functioning at scale and highlighted thousands of trades routed automatically through XRP to optimize execution for traders.
How auto-bridging powers the XRPL DEXAuto-bridging is a built-in feature of the XRP Ledger DEX that enables trade offers between two assets (IOUs) to settle through XRP when this route produces a better deal for users. This automation occurs at the protocol level, requiring no extra input from the trader. As a result, every trade on the XRPL DEX can access the deepest available liquidity on the network instead of being split across fragmented pools.
Over a 72-hour snapshot, the DEX processed a total of 4,200 IOU-to-IOU trade offers via auto-bridging, with over 6,700 XRP routed in total. The majority of sell-side volume came from XAH trades, with 4,265 XRP trades and 4,232 XRP sold, while RLUSD dominated the receive side, recording 4,247 trades and 5,153 XRP received. This trading activity reflects the XRP Ledger’s core design as a single, unified venue for cross-asset trades.
“XRP is the native bridge asset of the XRP Ledger. This is a live look of the last 72 hours on the XRPL DEX of trades going through XRP. It’s a protocol-native functionality doing this by default. The XRPL routes automatically DEX offers through $XRP if it improves the trade quality,” Vet explained in his visualization.
Mini dictionary: Auto-bridging refers to the automatic routing of trades through a network’s primary asset (in this case, XRP) instead of requiring users to manually select bridges, ensuring optimal rates and increased liquidity for decentralized trades.
AssetTrades (Last 72h)XRP Routed/SoldXAH (sell side)4,2654,232 XRPRLUSD (receive side)4,2475,153 XRPXAH trade dominance and cross-chain movementQuestions from community members focused on the consistently high XAH volume displayed in the visualization. Vet attributed this to an active market maker operating in that specific order book. He also pointed out that XAH, a digital asset issued on the XRP Ledger, maintains genuine demand. Users frequently move funds between Xahau, a specialized smart contract network, and the XRP Ledger using the network’s cross-chain teleport feature.
This flow between blockchains creates consistent DEX activity. Vet further stated that the auto-bridging function allows the decentralized exchange to aggregate liquidity and trading volume more effectively than fragmented smart contract DEX platforms. Traders always interact on the same unified platform, allowing the protocol to optimize order routing network-wide.
Mini dictionary: Xahau is an independent, smart contract-enabled blockchain network designed with interoperability for the XRP Ledger. The teleport feature enables assets to move seamlessly between Xahau and XRPL.
The protocol aggregates liquidity and trades in a way that enables smaller, less-traded assets to benefit from deeper liquidity and improved trading outcomes.
Liquidity providers, AMM routing, and future outlookVincent Van Code, a software engineer specializing in blockchain protocols, raised questions regarding routing through automated market makers (AMMs) and liquidity providers. Vet responded that an estimated 31% of auto-bridged volume on XRPL DEX passes through AMM or liquidity provider pools, though he cautioned that this figure was approximate and that detailed breakdowns require more comprehensive data.
Despite the vivid data from Vet’s 72-hour snapshot, current auto-bridging activity accounts for just 0.16% of total DEX trades in the given period. While the share remains low, Vet suggested that as usage of the protocol grows and auto-bridged volume rises to double digits, the feature will become a more prominent part of the XRP Ledger DEX. For now, the technical groundwork is in place and proving capable of handling high-volume and cross-asset trades efficiently.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin, Ethereum and XRP are showing signs of a short-term recovery, but the market remains at an important point. Recent price action shows that the three cryptocurrencies have avoided deeper declines for now, while several resistance levels are still limiting a stronger recovery.
Bitcoin Holds $62,000 SupportBitcoin remains inside a wide trading range, with $60,000 acting as major support and $66,000-$67,000 as resistance.
The most important downside area is around $62,000-$62,200. Bitcoin has so far stayed above this level, keeping its recent price structure intact.
A confirmed move below $62,000 could create a new lower low and increase the chance of a deeper decline in the following weeks. On the upside, a move above $65,500 could weaken the current bearish setup and allow Bitcoin to move higher.
Ethereum Struggles Below $2,000Ethereum is also moving within a range and continues to face resistance around $1,940-$1,970. ETH has support around $1,800-$1,830, while the wider support zone sits between approximately $1,500 and $1,600.
A sustained move above $1,970-$1,980 could improve Ethereum’s outlook and bring $2,130-$2,150 into focus. Above that range, the next resistance area is near $2,400.
The bearish divergence on the daily chart remains active, which could keep ETH moving sideways in the near term rather than starting a strong rally.
XRP Holds Around $1XRP remains weaker than Bitcoin and Ethereum. The weekly trend is still bearish, with the next major support around $0.93.
On the daily chart, XRP is holding close to the $1 level and is showing a possible bullish divergence between its price and RSI. The signal, however, has not been confirmed yet.
A stronger rebound accompanied by several positive daily closes could confirm the setup and lead to some relief over the next one to two weeks.
XRP could still lag Bitcoin during such a move because it has underperformed for an extended period.
What Traders Are Watching NowFor Bitcoin, $62,000 and $65,500 remain important levels. For Ethereum, attention is on $1,970, while XRP needs to defend $1 and show stronger buying activity.
A decisive move through these levels could provide a clearer picture of whether the current recovery can continue or whether Bitcoin, Ethereum and XRP remain trapped within their existing ranges.
Story Ends Here
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Bitcoin trades above $64,000 as spot Bitcoin ETFs returned to net inflows on Monday.
Notable Statistics:
Coinglass data shows 64,687 traders were liquidated in the past 24 hours for $242.91 million. SoSoValue data shows net inflows of $297.6 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $30.85 million. In the past 24 hours, top gainers include Venice Token, Bitway and POL. Notable Developments:
Bitcoin Needs to Stay Above $63,000 for Fresh Upside: 10x ResearchBitcoin Will Bottom Against Stocks Within 4 to 12 Weeks, Analyst ForecastsMSTR CEO Calls MSCI’s Index Proposal ‘Ill-Advised,’ Says Bitcoin Is an Operating AssetCLARITY Act ‘Far From Dead,’ Analyst Argues Ahead of Trump-Attended Crypto MeetingTom Lee Says ETH’s First Breakout Since October 2025 ‘Would Be Good to See’XRP Whale Activity Surges 280% but Price Remains Around $1: What’s Going On?Trader Notes:
Crypto trader Jelle argued Bitcoin appears to be in the late stages of its bear market, with spot exchange volume at its lowest since 2019, more than half of supply underwater and exchange inflows slowing.
Seller Exhaustion and MVRV-Z metrics are also approaching historical bottom levels, suggesting a potential accumulation opportunity.
CryptosBatman explained Bitcoin has historically seen major trend shifts around U.S. midterm election years, making the 2026 vote a key window to watch.
With November approaching, the trader expects BTC’s price action to become particularly significant. The previous cycles have produced major repricing.
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Trader KillaXBT noted Bitcoin has consolidated above $61,000 for nearly two months, yet traders remain heavily focused on a potential drop toward $50,000.
The trader cautions against repeatedly lowering downside targets simply to fit a bearish bias, arguing that price action, not expectations, should dictate positioning.
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Bitcoin’s volatility falls to a cycle low, as traders shift to AI stocks and prediction markets.
Bitcoin’s recent volatility has dropped to multi-year lows, with its 30-day realized volatility standing at around 42%, compared to the S&P 500’s roughly 18% — marking the narrowest gap in volatility between the two assets on record. The market is stuck in a stalemate between buyers and sellers: sell-offs by corporates and mining firms cap upside gains, while deleveraging and ongoing accumulation by long-term holders limit downside declines. As Bitcoin’s volatility eases, some short-term traders have shifted their risk appetite to assets like AI stocks, tokenized equities, stock perpetuals, and prediction markets. A NYDIG study notes that short-term traders tend to chase volatility, narrative momentum, and upside potential, with “traders targeting 5x or 10x returns” now having options including Bitcoin, Nvidia, gold, stock perpetuals, 0DTE options, and sports event contracts. Data shows that monthly trading volume of traditional asset perpetuals on crypto platforms has surged more than fivefold from $52 billion in January to $268 billion in June. Meanwhile, South Korean retail traders have clearly shifted from cryptocurrencies to AI-related stocks, with trading volumes on major South Korean crypto exchanges falling by up to around 80% year-over-year. CoinDesk points out that the Bitcoin market is currently more like in a “dormant” state, with falling trading participation, shrinking market depth, and regulatory uncertainty combining to suppress volatility. If U.S. crypto regulation makes substantial progress, the macro environment shifts, or a new market narrative emerges, the current low-volatility regime could be broken, and thinner liquidity may further amplify price swings.
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NVIDIA: Multi-GPU UMAP can process 870GB of vector data in 8 minutes, achieving a maximum speedup of 74 times.
NVIDIA has released a technical blog announcing that its cuML and cuVS libraries now support multi-GPU UMAP functionality, enabling distributed execution of dimensionality reduction for large-scale vector data across multiple GPUs—significantly cutting runtime while preserving embedding quality. NVIDIA noted that during tests on the MIRACL dataset (containing 106 million vectors, totaling ~870GB) run on a DGX system equipped with 8 H100 GPUs, cuML’s multi-GPU UMAP completed end-to-end processing in just 8 minutes, delivering up to 74x speedups over projected CPU-based implementations. Prior CPU-based solutions failed to process the full dataset even with 2TB of memory. The approach works by partitioning data into multiple clusters, building local k-nearest neighbor (kNN) graphs in parallel across different GPUs, then merging these into a global graph, thereby overcoming the memory constraints of a single GPU. NVIDIA added that this technology can reduce hundreds-of-GB UMAP tasks that previously took hours or even days to process down to just minutes.
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Market News: Anthropic Plans to Raise Over $10 Billion in Credit Lines Ahead of Its IPO
Market sources say Anthropic is asking lead banks to provide around $1.25 billion each in loans, while other major participating banks are expected to contribute roughly $1 billion apiece. Separately, reports indicate the credit line Anthropic aims to raise ahead of its IPO could exceed its $10 billion target.
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Axios reporter: The White House will host a tech leaders event with Trump tomorrow, and prediction market firms have not been invited.
According to Axios reporter Alex Isenstadt, the White House plans to co-host an event with President Trump tomorrow, with several tech industry leaders in attendance. White House sources noted that prediction market firms have not been invited to the event and will not participate. BlockBeats previously reported that on August 15, insiders disclosed that U.S. President Trump is expected to attend a crypto industry innovation conference at the White House next week, where he will hold discussions with executives from multiple crypto firms, as well as heads of prediction market and AI companies. Attendees of the conference include leaders from firms such as Coinbase, Ripple, Gemini, Robinhood, Polymarket, and Kalshi. All these executives are members of the newly established Innovation Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC). Sources said the conference is scheduled to take place at the Eisenhower Executive Office Building adjacent to the White House, aiming to hold policy dialogues around innovative fields including U.S. fintech, crypto assets, prediction markets, and artificial intelligence. CFTC Chairman Mike Selig and other government advisors are also expected to attend, while Treasury Secretary Bessent and Commerce Secretary Lutnick may be present.
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CASHCAT drops 30% following its listing on Robinhood, with one trader holding on despite an unrealized loss of $412,000 and has not sold yet.
According to Arkham's monitoring, trader 0x4B1 purchased CASHCAT tokens worth approximately $1.29 million when the asset launched on Robinhood, acquiring around 0.85% of its total supply at an average market cap of roughly $150 million at the time of purchase. After CASHCAT listed on Robinhood, its price dropped by about 30%, leaving the trader with an unrealized loss of roughly $412,000. However, on-chain data shows the trader has not sold any of the tokens to date.
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US media: Tesla’s Cybercab will be launched this month in Austin, but doubts remain over the safety of its autonomous driving.
Tesla plans to publicly unveil its Cybercab, a driverless taxi, in Austin, Texas, U.S. as early as this month. The vehicle features a steering-wheel and pedal-free design, with Tesla employees already testing the fully driverless version on private roads within the company’s campus. Reports note that Cybercab runs on Tesla’s FSD (Full Self-Driving) software, though its autonomous driving capabilities and safety remain under scrutiny. The U.S. National Highway Traffic Safety Administration (NHTSA) is still investigating Tesla’s FSD for traffic rule compliance issues, while existing Robotaxi services in some markets still have human safety drivers on board. Cybercab is designed to operate without in-vehicle personnel intervention; Tesla plans to use remote operators to handle emergencies and has started integrating Starlink connectivity into the vehicles. Data scale is another concern. Tesla stated in July that it needs to accumulate dedicated driving data for Cybercab. To date, Tesla’s unsupervised Robotaxis have logged around 380,000 miles across six cities, while Waymo has completed over 220 million miles of fully autonomous driving on public roads since 2020. Additionally, Cybercab’s lack of traditional driving controls may face restrictions under U.S. federal vehicle safety regulations. It remains unclear whether Tesla is seeking regulatory exemptions, according to reports. The Verge points out that as Cybercab’s launch approaches, there remains significant uncertainty regarding the autonomous driving safety and regulatory approvals required for its commercial operation.
Cash App is expanding its crypto offering through a new integration with MoonPay. Eligible U.S. users can use Cash App balances to buy assets including Ethereum, Solana, XRP, and USDT. The integration also allows users to fund supported wallets such as MetaMask, Trust Wallet, Ledger, BitPay, and Uniswap. Cash App previously focused mainly on Bitcoin before adding USDC support earlier in 2026. The MoonPay partnership lets Block offer broader crypto access without building separate infrastructure for each digital asset. Cash App is expanding its cryptocurrency access through a new MoonPay integration. Eligible users in the United States can now use their Cash App balances to buy more digital assets beyond Bitcoin and USDC.
The service gives users access to assets available through MoonPay, including ether, Solana, XRP and USDT. The move also connects Cash App balances with several external crypto wallets and services.
The partnership marks the first time the service has opened access to multiple cryptocurrencies through an outside crypto payments provider. It expands payment options for customers.
Cash App Opens Access to More Crypto Cash App users can fund purchases on MoonPay directly from their available balances. The supported wallet options include Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap, among other services.
The mobile payment platform has more than 50 million users. Until recently, its crypto service mainly focused on Bitcoin before adding support for USDC earlier in 2026.
MoonPay Handles Wider Asset Support The MoonPay deal allows Block to offer access to more cryptocurrencies without building separate systems for each asset. MoonPay already supports a wide range of tokens and wallet connections.
Block can therefore keep bitcoin at the center of its digital asset strategy while giving customers more payment choices. The company can also rely on MoonPay for the technical links needed for broader crypto purchases.
Jack Dorsey has long supported bitcoin and has expressed doubts about stablecoins. However, he said customers wanted stablecoin access, which influenced Cash App’s decision to support USDC.
Morgan Kuntze, Block’s global partnerships lead, said the company wants to give customers choice and flexibility in how they pay. The MoonPay integration now extends that approach to several major cryptocurrencies while keeping Cash App as the funding source.
XRP slips below $1 even as Korean regional bank adopts Ripple Payments. (Daniel Bernard/Unsplash)Summary
XRP fell below $1 and is the weakest major token over the past day and week, even as Ripple expands its institutional partnerships.Ripple’s new deal with South Korea’s Jeonbuk Bank brings near real-time cross-border payments to regional business customers but does not clarify which stablecoin powers the transfers.Ripple’s push of its RLUSD stablecoin as the main settlement asset helps explain why growing institutional adoption has not lifted XRP, even as traders maintain heavily long futures positions amid increasingly negative social sentiment.XRP fell below its widely-watched $1 level to 98 cents in Asian morning hours Tuesday, its lowest price since November 2024.
The slide came as Ripple, the payments company closely associated with XRP, announced its third Korean partnership of the year, with Jeonbuk Bank becoming the first regional bank in the country to deploy Ripple Payments for cross-border transfers.
That followed custody and wallet infrastructure deals with Kyobo Life Insurance and Kbank earlier in 2026. Jeonbuk Bank was founded in 1969 in Jeonju, in Korea's south-west, and is the dominant lender in its home province.
In a release shared with CoinDesk, Ripple describes the service as delivering near real-time stablecoin cross-border settlement, without specifying which asset moves the money.
Bank transfers today hop between intermediary banks over the SWIFT messaging network and can take days to arrive. Ripple says its route settles in seconds to minutes and runs around the clock, which the bank will offer to business customers including importers, exporters, IT startups and online content creators.
Fiona Murray, Ripple's managing director for Asia Pacific, said in a statement the deal reflects growing momentum across Korea's institutional financial sector, with banks building digital asset capability and looking for long-term infrastructure partners. Regional banks play a vital role in the real economy, she said.
The company has spent the past year pushing RLUSD, the dollar-pegged token it issues, as the settlement asset for institutional work. CoinDesk asked Ripple which asset the Jeonbuk deployment uses and did not immediately receive a reply.
This distinction helps explain why a steady run of Ripple partnerships has done little for the token.
XRP traded above $3 at last year's highs and has spent August drifting toward and now through $1, CoinDesk data shows, while Ripple has been signing asset managers, custodians and banks.
The split shows on Ripple's own ledger. Tokenized real-world assets on the XRP Ledger are worth about $1.38 billion, as CoinDesk reported earlier in the month, of which $845 million is RLUSD. The stablecoin accounts for more than three fifths of everything issued there.
Meanwhile, traders are betting the price turns anyway.
Futures open interest stood at about $2.78 billion this week, as CoinDesk assessed, with more than three accounts holding long XRP positions for every one holding a short on Binance and a similar ratio on OKX, even as commentary about the token across social channels turned its most negative in three months.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Ripple, a blockchain based payment solution, has announced its partnership with South Korea’s regional bank Jeonbuk Bank. This partnership brings Ripple deeper into South Korea’s banking system, and through Jeonbuk Bank, it will deploy Ripple Payments for international transfers, making it the first regional bank in the country to adopt the platform.
How the Ripple and Jeonbuk Bank Partnership Will WorkIn a recent press release, Ripple announced that this partnership will focus on improving Jeonbuk Bank’s international payment system. Using Ripple Payments, the bank aims to reduce the delays and complexity often linked to traditional cross border transfers.
Transfers that can take several days through traditional systems could instead settle in seconds to minutes. The service will also operate 24/7, including weekends and holidays.
Jeonbuk Bank is the first regional bank in Korea to deploy Ripple Payments, replacing multi-day SWIFT transfers with near real-time, 24/7 cross-border settlement for its business customers. Our third Korean partnership this year, after Kyobo Life Insurance and Kbank, partnering…
— Ripple (@Ripple) August 18, 2026 The new payment system will mainly support businesses that need to move money across borders quickly. These include import-export companies, IT startups and digital content creators.
Fiona Murray, managing director of Asia Pacific at Ripple, said that,
“This partnership with Jeonbuk Bank reflects the growing momentum we are seeing across Korea’s institutional financial sector.”
Even Jeonbuk Bank president Park Choon-won praises the deal, stating that,
“With this partnership with Ripple, JB Jeonbuk Bank is ready to move beyond its role as a regional bank and emerge as a digital finance leader that meets global standards.”
XRP Use Has Not Been ConfirmedWhile the partnership is now confirmed, both companies have not disclosed specific financial details. The announcement also did not clarify whether the payment system will use XRP, Ripple’s RLUSD stablecoin, or direct fiat-to-fiat transfers.
A public launch date, fee structure, and the specific countries covered by the payment service have also not been announced yet.
Ripple’s own payment infrastructure already supports South Korean won (KRW) payments through local clearing rails. Its payment documentation lists KRW support for business-to-business transfers of up to $2 million per transaction, depending on the use case.
Ripple Builds More Banking Links in KoreaThis deal marks another major step for Ripple in South Korea, becoming its third major institutional partnership in the country this year.
On April 15, Kyobo Life Insurance partnered with Ripple to explore blockchain based government bond settlement.
Later on 27 April, Ripple partnered with Kbank, South Korea’s first internet only bank, to bring institutional Wallet as a Service through Ripple Custody.
And now partherning with Jeonbuk Bank to expand Ripple Payments to support faster cross border remittances services for Korean people.
Story Ends Here
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Quick Overview XRP hovers around the $1 mark, defending a critical support zone amid recent selling pressure. Large transactions on XRP Ledger jumped 280% within a 24-hour window, exceeding 38 significant transfers. SEC explores bringing traditional U.S. equities onto blockchain infrastructure for round-the-clock trading. Combined XRP ETF holdings total $933 million, with Bitwise commanding $298.52 million in net assets. Active addresses on XRP Ledger climbed to 49,929 in one day, marking a two-month peak amid bearish sentiment. The digital asset XRP continues to trade in the vicinity of $1 following a wave of bearish momentum that temporarily drove prices beneath this psychological threshold. Current pricing data from TradingView shows XRP at approximately $1.0026, representing a modest 1% recovery from its recent bottom.
XRP Price This $1 threshold has emerged as a critical zone of contention between bulls and bears. While purchasing activity has successfully defended this area multiple times, the overall directional bias remains tilted toward the downside as long as XRP fails to reclaim territory above $1.05.
Market analyst Ali Charts highlighted on X platform that whale-sized activity across the XRP Ledger has experienced a dramatic spike during the last 24-hour period. The data reveals that transactions valued above $1 million increased by an impressive 280%, pushing the count beyond 38 substantial transfers. Market participants are monitoring this heightened large-wallet activity as it may indicate strategic accumulation by institutional players.
Regulatory Meeting May Transform Digital Asset Ecosystem Reports indicate the U.S. Securities and Exchange Commission is evaluating a proposal to migrate American equity markets onto blockchain technology, enabling continuous trading operations. SEC Chairman Paul Atkins is scheduled to convene with President Trump, CFTC Chairman Michael Selig, and influential financial institutions such as Ripple, Coinbase, Nasdaq, NYSE, CME Group, and DTCC.
Cryptocurrency influencer Crypto Rover highlighted this development via X, characterizing it as a transformative move toward merging conventional financial systems with blockchain infrastructure. The participation of DTCC holds particular significance considering the organization processes the vast majority of equity settlement transactions in the United States.
Exchange-Traded Funds and Network Metrics U.S.-listed spot XRP exchange-traded funds registered zero net inflows on August 14. Cumulative inflows since their market debut have reached $1.51 billion, while total net assets under management stand at $933.01 million. Daily transaction volume reached $10.76 million, with Bitwise accounting for $6.95 million and Franklin Templeton contributing $2.23 million.
Source: SoSoValue Notably, all five available ETF products experienced daily valuation declines surpassing 1%.
Blockchain analytics from Santiment revealed that XRP Ledger network activity reached 49,929 active addresses on August 14, representing the strongest engagement level observed in more than sixty days. This uptick occurred simultaneously with social media sentiment toward XRP reaching its most negative point in three months.
😠 XRP negativity surged throughout this week as prices have failed to rally (so far). Crowd commentary is now at a 3-month bearish extreme across X, Reddit, Telegram, and other crypto channels.
⚡ The XRP Ledger, on the other hand, is not so quiet. $XRP just saw 49,929 active… pic.twitter.com/CmXxOHSYt0
— Santiment Intelligence (@SantimentData) August 14, 2026
Technical indicators show the Relative Strength Index positioned around 37.86, while the Stochastic RSI Fast hovers near 14.25, indicating potential oversold conditions. The MACD indicator remains in negative territory at approximately -0.025.
Market observers are focusing attention on the $0.9766 support zone. Successfully maintaining this level could establish a foundation for upward movement toward $1.04, with $1.10 serving as the subsequent target. The upcoming Senate cloture vote on the CLARITY Act, set for September 15, represents the next significant potential market catalyst.
XRP continues to face bearish pressure, with recent analyst commentary highlighting a potential accumulation zone as the cryptocurrency looks for direction. Institutional activity, particularly from Strive Financial Group, is bringing additional attention to XRP-linked exchange-traded funds, which could have lasting effects on the asset’s adoption narrative.
XRP price outlook and analyst predictionsAt press time, XRP is trading at $0.99. The 24-hour trading volume has reached $855 million, while the market capitalization stands at $62.68 billion. Despite signs of price stability in the last day, both XRP’s technical structure and the expansion of related ETFs could support a stronger move in the future.
Crypto analyst Crypto Patel has highlighted that the recent decline in XRP price serves as a warning echoed during the 2025 rally, when he cautioned investors as bullish momentum weakened above $3.
Following this warning, XRP experienced a steep correction, losing approximately 73% from its cycle peak and falling below $1 for the first time in nearly two years. The move below this psychological threshold has raised concerns about the underlying market structure.
Crypto Patel has identified the $0.85 to $0.65 range as a strategic accumulation point. He stated that a reversal is unlikely before another 20% to 40% decline in price, suggesting patience for long-term accumulation targets. Crypto Patel favors gradual accumulation near higher time frame demand zones instead of attempting to call the exact market bottom. His price targets remain $3, $5, $7, and $10 in future major rallies.
XRP’s drop of nearly 73% from its cycle top has brought the price below $1 for the first time in almost two years, creating substantial challenges for its market structure. The $0.85–$0.65 region could offer a meaningful accumulation opportunity, although a significant rebound may require a further pullback.
Institutional exposure to XRP ETFsData provided by BankXRP reveals that Strive Financial Group has publicly disclosed its exposure to XRP-based ETFs in an updated 13F regulatory filing. The filing lists investments in the Teucrium 2x Long Daily XRP ETF as well as the XRP ETF offered by Canary.
Strive Financial Group is a US-based asset management firm known for its engagement with alternative investment vehicles and emerging financial products.
This increased activity from Strive highlights the broader trend of institutions gaining exposure to regulated XRP products. While the 13F filing confirms holdings during the reporting period, it does not guarantee current positions or indicate a bullish stance. However, such disclosures do reflect growing interest in regulated digital asset instruments.
Industry commentators note that the presence of institutional players like Strive may help support long-term adoption, even if immediate market impact remains uncertain.
Mini dictionary: 13F filing, a quarterly report required by the US Securities and Exchange Commission for certain institutional investment managers, disclosing their equity holdings.
As investors monitor these developments, the next significant price move for XRP will likely hinge on buyers’ ability to maintain key support levels. If selling pressure dominates, XRP could see further losses. On the other hand, a reversal and subsequent breakout may set the stage for a move toward previously mentioned price targets.
Price LevelAnalyst PerspectiveMarket Cap24h Volume$0.99Current price, neutral zone$62.68 billion$855 million$0.85–$0.65Identified accumulation range––$3 / $5 / $7 / $10Long-term price targets––Market conditions and future outlookDespite optimism from institutional moves and ETF developments, XRP remains within a neutral trading range. While the broader cryptocurrency market has shown signs of improvement, analysts expect that only a firm shift in trend or a successful defense of critical support levels can prompt a sustainable rally in XRP.
Should buyer interest intensify at current levels, the cryptocurrency could consolidate and attempt higher moves. Otherwise, a lack of support could result in additional downward momentum, keeping the asset in a cautious stance.
Broader institutional interest in XRP-linked ETFs may lay the groundwork for future adoption, but a decisive turnaround in price action is necessary before a sustained rally can be expected.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP is trading near the $1 mark, managing to regain ground after briefly slipping below this key psychological level amid recent selling pressure. TradingView currently shows XRP at around $1.00, reflecting a slight recovery of 1% from its latest low.
XRP price stabilizes as whale activity spikesThe $1 threshold has emerged as a major battleground between buyers and sellers in the XRP market. While bullish investors have managed to keep prices above this support level in several recent sessions, analysts note that momentum remains uncertain unless XRP can break above the $1.05 resistance area.
Market analyst Ali Charts reported that the XRP Ledger witnessed a sharp increase in large transactions during the past 24 hours. Transactions exceeding $1 million surged by 280%, reaching over 38 large transfers in a single day. This uptick in major movements has drawn attention to possible accumulation efforts from institutional or high-net-worth investors.
Whale activity on the XRP Ledger has soared over the past 24 hours, with transactions larger than $1 million climbing 280% and surpassing 38 significant moves.
SEC explores 24/7 equities trading on blockchainThe U.S. Securities and Exchange Commission is reportedly considering a proposal to shift U.S. equity market infrastructure onto blockchain technology, which could enable continuous 24/7 trading. SEC Chairman Paul Atkins is scheduled to meet with President Donald Trump, CFTC Chairman Michael Selig, and top financial industry representatives, including Ripple, Coinbase, Nasdaq, NYSE, CME Group, and DTCC.
Crypto personality Crypto Rover described these discussions as a pivotal moment in bridging traditional finance and blockchain-based networks. The presence of the Depository Trust and Clearing Corporation (DTCC)—a firm responsible for the vast majority of equity settlements in the United States—may further highlight the potential scope of this regulatory review.
Mini dictionary: DTCC (Depository Trust and Clearing Corporation), a US-based financial services company that provides post-trade clearing and settlement for the nation’s securities markets, processing trillions of dollars in transactions annually.
XRP ETFs and network growth metricsAll five U.S.-listed spot XRP exchange-traded funds (ETFs) recorded daily valuation losses above 1%. No net inflows were registered on August 14. Overall, spot XRP ETFs have attracted $1.51 billion in cumulative inflows since launch, with combined net assets under management measured at $933 million.
ETF ProviderNet Assets ($ million)Daily Volume ($ million)Bitwise298.526.95Franklin TempletonNot disclosed2.23All ETFs Combined933.0110.76Blockchain analytics platform Santiment found that active addresses on the XRP Ledger spiked to 49,929 on August 14, the highest activity level recorded in more than two months. This surge coincided with increasingly negative sentiment on social platforms, marking the most bearish tone toward XRP in the last three months.
Social sentiment around XRP has dropped to a three-month low, even as daily active addresses on the XRP Ledger jumped to nearly 50,000.
Indicators show the Relative Strength Index (RSI) at 37.86, with the Stochastic RSI Fast at 14.25, both suggesting XRP may be nearing oversold conditions. The MACD indicator is at roughly -0.025, remaining in negative territory.
Technical outlook and upcoming regulationsTraders are eyeing the $0.9766 support region. A successful defense of this level could open the way to a rebound toward $1.04, with $1.10 seen as a possible next target if upward momentum returns. Attention is also on the upcoming Senate cloture vote for the CLARITY Act, scheduled for September 15, which may serve as a significant regulatory catalyst for the broader digital asset sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple has partnered with Jeonbuk Bank to deploy Ripple Payments for cross-border business remittances. This is making the lender the first regional bank in South Korea to adopt the service.
Ripple also stated that the deal is its third Korean partnership this year, following agreements with KBank and Kyobo Life Insurance. The service is intended to provide near-real-time settlement for Jeonbuk’s business customers, including import-export companies, IT startups, and online content creators, who have historically relied on transfers that take days to complete.
Jeonbuk Bank is the first regional bank in Korea to deploy Ripple Payments, replacing multi-day SWIFT transfers with near real-time, 24/7 cross-border settlement for its business customers. Our third Korean partnership this year, after Kyobo Life Insurance and Kbank, partnering…
— Ripple (@Ripple) August 18, 2026
The expansion adds to Ripple’s institutional presence in South Korea, but the Jeonbuk announcement does not yet specify whether XRP, RLUSD, or another settlement asset will be used for the remittances.
Jeonbuk Bank Becomes Ripple Third Korean Partner This Year Ripple Asia-Pacific Managing Director Fiona Murray said the Jeonbuk partnership reflects momentum in Korea’s institutional financial sector as financial institutions build digital-asset capabilities and seek long-term infrastructure partners. Jeonbuk Bank President Park Choon-won said the partnership would support the lender’s ambitions in digital finance and serve as a new growth engine for the bank.
Ripple Payments is presented as an alternative to traditional transfers that pass through multiple intermediary banks via the SWIFT network. Ripple said the service can complete settlement in seconds to minutes and operate around the clock, rather than relying on transfers that can take days.
Jeonbuk partnership follows Ripple’s April partnership with KBank, South Korea’s first internet-only bank. KBank serves 15 million users and is the exclusive banking partner of Upbit, South Korea’s largest crypto exchange. KBank and Ripple are conducting a second-phase proof of concept using Ripple’s Palisade digital wallet to test on-chain remittances to the United Arab Emirates and Thailand.
KBank pilot currently uses stablecoin-based settlement rather than XRP as a bridge asset. The partnership remains a multi-phase proof of concept rather than a live commercial remittance product.
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KBank and Kyobo Life Show Ripple’s Korea Strategy Jeonbuk follows Ripple’s April agreements with KBank and Kyobo Life Insurance. Kyobo Life, identified by Ripple as Korea’s largest life insurer, partnered with the company to explore tokenized government bond settlement using Ripple Custody. Murray was involved on Ripple’s side in that partnership.
Together, the three partnerships span custody, wallet infrastructure, and payments. Ripple’s Jeonbuk release describes these different starting points as part of an approach designed to support institutions across custody, payments, treasury, and wallet infrastructure.
These partnerships are arriving as South Korea finalizes its Digital Asset Basic Act, a digital-asset framework expected to classify stablecoins as payment instruments and impose new requirements on cross-border digital-asset activity. Reporting cited in the supplied evidence says Korean financial institutions have been accelerating blockchain infrastructure agreements as the framework develops.
The modern skyscrapers of the Yeouido financial district overlook the Han River in Seoul. KBank has said it plans to continue technical verification of stablecoin remittance use cases while South Korea’s legal framework develops. It has not confirmed a commercial launch timeline for the remittance service.
The evidence supports Ripple’s expanding institutional footprint in South Korea, with three partnerships announced this year across distinct financial services. It does not establish that Jeonbuk’s deployment or the other Korean agreements will use XRP for settlement.
For now, KBank’s stablecoin-based testing and any future activation of On-Demand Liquidity remain the key distinction between broader Ripple adoption and the confirmed use of XRP.
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South Korea's Jeonbuk Bank is set to deploy Ripple Payments as businesses seek faster alternatives to traditional cross-border transfer routes.
Ripple has partnered with Jeonbuk Bank in South Korea as the latter prepares to deploy Ripple Payments for cross-border remittances. The deal makes Jeonbuk Bank the first regional bank in the country to deploy the payment service.
The main objective is to support businesses that have traditionally faced several days of delays when moving money across borders via conventional transfers.
Expansion in Korea The partnership will be used for international transfers for businesses such as import-export companies, IT startups, and online content creators. Traditional transfers can take days to complete as payments move through multiple intermediary banks via the SWIFT network. Ripple Payments handles settlement in seconds to minutes and operates 24/7.
Weighing in on the development, JB Jeonbuk Bank’s President, Park Choon-won, said,
“With this partnership with Ripple, JB Jeonbuk Bank is ready to move beyond its role as a regional bank and emerge as a digital finance leader that meets global standards. This partnership will become a new growth engine for the bank, and we will lead innovation that reshapes the financial paradigm, going beyond the adoption of new technology.”
The announcement follows two other Ripple deals in South Korea this year. In April, the fintech company teamed up with Kyobo Life Insurance to focus on tokenized government bond transactions. The companies previously said that they would assess the technical and regulatory requirements for the approach, using Ripple Custody to support the storage, transfer, and settlement of tokenized assets. This was Ripple’s first deal with a major insurance institution in the country.
KBank is also working with Ripple to test how blockchain infrastructure could be integrated into its existing cross-border transfer system. The internet-only bank is running a two-phase proof of concept. It plans to use the company’s Palisade digital wallet during this stage.
Beyond its work with banks and financial institutions, Ripple has also been expanding the reach of RLUSD in South Korea. One of the company’s executives recently revealed that the stablecoin is now listed on the four largest crypto exchanges in the country – Upbit, Bithumb, Korbit, and Coinone.
You may also like: Delio’s Jeong Sang-ho Handed 15-Year Sentence Over 70B Won Crypto Scandal Big Win for XRP Holders: On-Chain Options Arrive via Flare’s FXRP XRP Closed at a 21-Month Low, but the Bigger Ripple Story Is Elsewhere Price Faces Downside Risks On the price side of things, XRP’s struggle around $1 has left the token vulnerable to another decline. One analyst has projected a potential decline of 20% to 40%. That would put the token between $0.85 and $0.65, a range that could serve as a macro accumulation zone.
Still, short-term momentum is showing some signs of stabilizing. Another market watcher said XRP’s four-hour RSI is holding near 42, while tighter price action suggests selling pressure has eased. For a stronger recovery, $1.015, $1.05, and $1.081 are levels to watch. A sustained move above $1.081 may open the way toward $1.145 and $1.20.
Ripple president Monica Long emphasized the company’s strategic focus on regulatory compliance, stating that Ripple has secured over 75 licenses worldwide to facilitate enterprise digital asset adoption. Ripple, a California-based blockchain payments firm, has invested more than a decade in establishing a compliance-focused environment to meet the needs of institutional clients.
Compliance and regulatory achievementsMonica Long explained that Ripple deliberately built its business “the hard way,” prioritizing licensing and regulatory certainty. Ripple now operates with more than 75 licenses across global jurisdictions, creating a framework for legal operation where many digital asset companies face barriers.
Long described Ripple as “a main character, especially in serving the enterprise and serving institutions.” She cited the company’s regulatory experience as a key reason institutional partners choose Ripple over less established competitors.
Ripple’s commitment to compliance has led to licenses in over 75 jurisdictions, enabling its presence in markets that demand strict regulatory standards.
The company remains committed to its long-held vision of the “Internet of Value,” which seeks to make the transfer of value as fast and accessible as information exchange. Ripple has positioned itself as a leader in providing integrated services for institutions navigating the evolving digital asset landscape.
Mini dictionary: Ripple — a San Francisco-based fintech firm specializing in blockchain-based global payment solutions. Known for its use of the XRP digital asset to facilitate cross-border transactions, Ripple collaborates with financial institutions to streamline settlement processes.
Community reactions and skepticismFeedback from the XRP community was divided following Long’s statements. Some users on X (formerly Twitter) argued that Ripple’s decade-long focus on institutions has not yielded substantial benefits for retail holders of XRP. Detractors referred to the company’s messaging as repetitive and the licensing achievements as “useless licenses.”
Several critics highlighted that XRP continues to trade below $1, questioning the practical impact of Ripple’s regulatory push and industry partnerships. Others described the communications as empty, expressing disappointment over the lack of direct retail returns.
Opinions within the XRP community reflect both frustration and doubt about the real-world benefits of Ripple’s institutional strategy.
Support for Ripple’s strategyOn the other hand, supporters characterized Ripple’s accumulation of licenses and end-to-end service offering as a significant competitive advantage. Some pointed to the company’s comprehensive coverage of custody, payment, and exchange functions as making Ripple difficult to replicate.
Another XRP advocate argued that, at around $1, XRP’s risk-reward profile remains attractive compared to other digital assets, suggesting optimism about its longer-term prospects.
AspectRippleCompetitorsLicenses Held75+Varies, often lessService RangeCustody, payments, compliance, settlementOften focused on single elementsLegal AccessMultiple key marketsRestricted in some jurisdictionsIntegrated digital asset lifecycle and institutional longevityLong claimed Ripple can provide the full digital asset lifecycle within a single platform, including custody, payments, compliance, and settlement. She positioned this integrated model as a core differentiator for institutions seeking legal certainty and operational efficiency.
Long also highlighted Ripple’s track record, noting the company’s consistent operation and deepening institutional relationships over 13 years in the industry. This is especially notable in a sector where many firms have been forced to exit due to regulatory challenges.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Discussions around XRP have typically centered on the asset’s real-world utility, but investor and commentator Erin Lane has raised concerns about whether usage of the XRP Ledger and broader ecosystem directly benefits XRP holders. Lane’s recent comments suggest the key issue could be how much economic value generated by the network actually reaches those holding the token.
Value capture debate in the XRP ecosystemLane, who regularly comments on crypto topics, referenced a perspective from Altcoin Daily, a prominent digital asset analysis platform. She argued that proving XRP’s real-world application is not in itself enough and stated that “the biggest issue with XRP may not have been whether it has real world applications after all.” Instead, Lane questioned if there are mechanisms that ensure a portion of the network’s value accumulation is ultimately shared with token holders.
Drawing a comparison to crypto protocols that feature token buyback mechanisms, Lane outlined a possible scenario in which usage of a network generates revenue, which could then be directed toward supporting token demand via structured buybacks. She described this value flow as: network usage brings revenue, revenue prompts buybacks, and these buybacks enhance demand for the token.
Lane emphasized that if XRP adopted a similar mechanism, it could alter the investment case for the asset significantly.
Lane believes the focus for XRP should move beyond utility and include “how much of the network’s value is actually passed on to XRP holders.”
Altcoin Daily: Ripple’s strength versus XRP’s priceLane also referenced Altcoin Daily’s longstanding positive stance on Ripple, the company behind the XRP Ledger. Altcoin Daily, whose real name is Aaron Arnold, expressed in a video that he feels “insanely bullish” on Ripple as a growing blockchain company, but has seen less compelling price growth from XRP over recent years.
Altcoin Daily described his views on Ripple and XRP following conversations with various industry participants, including Sergei Nazarov, co-founder of Chainlink, at the SmartCon conference in New York. He highlighted ongoing changes within the XRP ecosystem yet pointed out that these developments have not translated into significant price appreciation for the XRP token.
Mini dictionary: Ripple is a fintech company based in San Francisco, known for developing the XRP Ledger, an open-source blockchain designed for fast and low-cost international payments.
The distinction between Ripple’s business success and the limited price performance of XRP was a central concern in Lane’s discussion.
XRP’s future as a liquidity tool under scrutinyLane pointed to the US Securities and Exchange Commission and the Commodity Futures Trading Commission’s recognition of XRP as a digital commodity. This classification could set the stage for the asset to play a broader role in global financial infrastructure.
She questioned whether XRP could shift toward functioning primarily as a tool for liquidity within institutional frameworks, rather than only as a speculative asset. The viability of this shift would depend on increased institutional use of XRP and the introduction of mechanisms that tie network activity more directly to token demand.
Supporting this line of thought, Lane shared information on XRP Cryptocurrency Event Contracts, which are derivatives based on spot XRP prices. These contracts are structured as swaps with contracts expiring several times during the day, reflecting the ongoing interest in financial instruments tied to XRP’s value.
At the core of Lane’s argument is the question of whether rising activity around XRP can eventually result in meaningful value accrual for the token’s holders. As the XRP ecosystem grows, how value is distributed may become a focal issue for both investors and developers.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
LendProtocol has launched a fixed-rate lending platform on the XRP Ledger for XRP and RLUSD holders. The platform advertises a 12% annual percentage rate, daily interest payouts, no fixed lock-up period, and a borrower collateral requirement of 120%.
According to figures provided by LendProtocol, the platform has facilitated more than 743 million XRP in loans and serves over 13,713 active lenders. The service provides an alternative for holders interested in earning potential interest on XRP, although it is a lending product rather than native blockchain staking.
Understanding XRP’s Approach to Staking
Unlike Ethereum and Solana, the XRP Ledger does not use a Proof-of-Stake consensus mechanism. It uses a Federated Byzantine Agreement consensus model, under which validators confirm transactions without distributing staking rewards to XRP holders.
As a result, native XRP staking does not exist at the protocol level. Services marketed around “XRP staking” generally involve third-party lending, exchange programs, liquidity provision, or other yield-generating arrangements. Each model carries its own custody, counterparty, liquidity, and market risks.
XRP holders seeking a potential return on their assets have typically considered centralized exchange products, lending services, or blockchain bridges. LendProtocol aims to provide another option within the XRP Ledger ecosystem through a fixed-rate, centralized lending structure.
Understanding LendProtocol’s XRP Lending Model
LendProtocol operates as a centralized finance, or CeFi, intermediary. Users can deposit XRP or RLUSD, while borrowers must provide collateral equal to 120% of the loan value. Accepted collateral includes Bitcoin, Ethereum, Solana, XRP, RLUSD, and USDT.
The platform states that borrowers pay 12.7% APR and depositors receive 12% APR. The remaining 0.7 percentage points serve as the platform’s operating spread.
LendProtocol also says it assumes the direct lending exposure if an individual borrower defaults. This structure may reduce a depositor’s exposure to individual borrower failures, but it does not eliminate all risk. Depositors remain exposed to risks associated with platform solvency, custody, collateral liquidation, cybersecurity, regulation, and operational performance.
Interest is calculated and credited daily, according to the platform. If the daily interest remains in the account and continues to earn interest, a 12% APR would produce an effective annual yield of approximately 12.75%. Actual results may depend on account terms, withdrawals, platform availability, and whether interest is continuously compounded.
RLUSD is also available as a deposit asset. This may appeal to users who want exposure to a dollar-denominated asset rather than XRP price movements. However, RLUSD deposits still involve stablecoin, platform, custody, and counterparty risks.
LendProtocol says its security measures include cold storage for most deposited assets, AES-256 GCM encryption for stored data, and mandatory two-factor authentication. Users should independently review the platform’s custody arrangements, legal terms, audits, withdrawal policies, and risk disclosures before depositing assets.
According to LendProtocol, more than 743 million XRP has been facilitated through the platform across over 13,713 active lenders. These figures and the advertised interest rate are provided by the company and should be independently verified where possible.
LendProtocol and XLS-66 Are Separate Lending Models
LendProtocol is a consumer-facing CeFi lending service that uses the XRP Ledger for parts of its asset and transaction infrastructure.
It is not an implementation of XLS-66, a proposed XRPL lending specification designed to support protocol-level lending structures with off-chain credit assessment.
The two models may use the same underlying blockchain, but they differ in structure, risk allocation, custody, and intended users. LendProtocol’s offering is described as a fixed-rate, overcollateralized lending product managed by a centralized intermediary.
Users comparing XRP income products should therefore avoid treating LendProtocol deposits as native staking. They should assess the service as a third-party lending arrangement and consider the associated platform and counterparty risks.
About LendProtocol
LendProtocol is a centralized lending platform operating with XRP Ledger-based assets. It offers XRP and RLUSD deposit products with an advertised 12% APR, daily interest crediting, and no fixed lock-up period.
Borrowers must provide collateral equal to 120% of the loan amount using one of six supported assets. LendProtocol states that it manages borrower defaults rather than passing exposure to individual depositors. This arrangement does not remove broader custody, solvency, market, operational, or regulatory risks.
More information, including applicable terms and risk disclosures, is available at lendprotocol.io.
Whale Transactions Spike on the XRP LedgerLarge-holder activity on the XRP Ledger surged sharply on August 18, with transactions above $1 million jumping 280% in a single 24-hour period. according to on-chain analyst Ali Martinez, citing data from Santiment.
The spike adds to an accumulation trend that has been building for weeks. with
Divergence Between Whales and Price PerformanceThe buying stands in stark contrast to broader market weakness.
The picture was not always this consistent. In June, large holders moved in the opposite direction, selling roughly 30 million $XRP, underscoring how quickly sentiment among big players can shift.
Still, analysts caution that whale buying alone does not guarantee a price recovery.
Sources:
Crypto Times: XRP Whales Accumulate 72M Tokens as Price Trades Near $1
CoinGape: XRP Price Prediction as Whale Wallets Surge Amid Rising Network Activity
Crypto.news: XRP Price Slips Below $1 as Whale Activity Jumps 280%
XRP traded slightly below $1 on Tuesday, Aug. 18, as rising whale transactions and derivatives activity failed to produce a sustained price recovery.
Summary
XRP traded near $0.996 Tuesday, losing 0.4% daily and 1.2% over seven days overall recently. Price remained below $1, leaving the former support level as immediate resistance for recovering buyers. Large XRP Ledger transactions above $1 million reportedly increased 280%, but transfer direction remains unclear. Binance open interest increased while spot price weakened, raising liquidation risks without confirming market direction. The tx bridge remains halted after attackers stole 198,715.88 XRP through faulty deposit verification software. The token changed hands near $0.996, down 0.4% over 24 hours and 1.2% over seven days, according to market data. XRP’s market capitalization stood near $62.4 billion, ranking it sixth among cryptocurrencies.
XRP traded between approximately $0.989 and $1.01 during the latest 24 hour period. It remained 9.1% lower over 30 days and about 66.7% below its level one year earlier.
The token briefly recovered above $1 on Monday after opening near $0.994. However, buyers failed to maintain the rebound, returning the price below the psychological threshold on Tuesday.
XRP price remains fragile below $1 The XRP/USDT daily chart shows a broader downtrend from the July 2025 high of $3.65. The decline has produced lower highs and pushed XRP into a narrow consolidation range around $1.
The $1 level has acted as support for much of the decline. Trading below it changes the immediate structure because recovering buyers must now reclaim the same level before challenging higher resistance.
An initial recovery would need to clear $1 to $1.05. Above that area, liquidity may sit between $1.16 and $1.18, although reaching those levels would require stronger volume and momentum.
Immediate support sits around $0.988, matching Tuesday’s intraday low. A daily close below that level would expose $0.95, followed by the wider area between $0.85 and $0.90.
The price recently steadied near $1 while large transfers to Binance declined. That reduction in exchange inflows did not produce a confirmed reversal.
Whale transactions rise without confirming accumulation Crypto analyst Ali Martinez reported that XRP Ledger transactions worth more than $1 million increased 280% within 24 hours. The total reportedly rose above 38 large transactions.
Martinez described the activity as evidence that “whales are back.” However, transaction counts alone do not establish whether large holders are buying, selling or moving tokens between wallets.
Large transactions can include exchange deposits, withdrawals, internal transfers and custody reorganizations. Identifying accumulation requires destination analysis, balance changes and exchange flow data.
The price remained below $1 during the transaction increase. That lack of an immediate price response weakens any claim that the activity was entirely driven by buying.
Separate CryptoQuant data showed that whale transfers to Binance had fallen to their lowest level since 2021. The three month average reportedly declined to approximately $61 million.
Lower exchange inflows can reduce potential selling pressure, but they do not guarantee demand. Tokens may also move through exchanges or addresses not covered by the dataset.
Exchange withdrawals and leverage send mixed signals CryptoQuant contributor Amr Taha reported that Coinbase’s seven day net wallet count fell to minus 14,300 on Aug. 17. Binance and Crypto.com also recorded more withdrawing wallets than depositing wallets.
The figures measure wallet counts rather than the amount of XRP withdrawn. One large deposit can outweigh many small withdrawals, making the indicator unsuitable as a direct measure of net token flows.
Coinbase reportedly represented 47.3% of the absolute wallet imbalance across the exchanges tracked by the analyst. That share shows where the activity was concentrated but does not reveal whether the withdrawn tokens entered self custody or another trading venue.
XRP derivatives activity also increased. CryptoQuant analysis showed Binance open interest rising about 28.6% between Aug. 3 and Aug. 17.
Open interest measures outstanding derivatives positions and does not distinguish longs from shorts. Rising leverage while the spot price remains weak can increase the size of liquidations when the market eventually breaks from its range.
In related coverage, derivatives positioning rebuilt while aggressive selling remained dominant. Funding rates, cumulative volume delta and long to short ratios remain necessary for assessing directional positioning.
Technical indicators remain bearish The Awesome Oscillator stood near minus 0.0630 on the daily chart. The negative reading shows bearish momentum remains active, although it is less extreme than during previous stages of the selloff.
The bull and bear power indicator was also negative at approximately minus 0.0377. This points to limited buying pressure and supports the current bearish consolidation structure.
XRP price chart, source: crypto.news Neither indicator confirms that XRP has reached a bottom. Momentum could improve if the price reclaims $1 and the oscillator moves toward positive territory.
Claims of targets between $15 and $17 would require gains exceeding 1,400% from the current price. Such forecasts remain speculative and are not supported by the present daily momentum readings.
The same applies to forecasts calling for a decline into the $0.65 to $0.85 range. Those levels are possible technical scenarios rather than confirmed destinations.
Bridge remains halted following verification exploit The tx project said attackers stole 198,715.88 XRP from its bridge reserve on Aug. 9. The bridge connected the tx blockchain with the XRP Ledger.
According to the project’s update, its software accepted transactions that had not delivered XRP to the correct bridge address. Relayers then approved unbacked balances that attackers redeemed for genuine XRP.
The vulnerability affected the bridge’s verification logic, not the XRP Ledger itself. The bridge remains halted while the team reviews remedies and security changes.
As crypto.news reported, the stolen XRP was converted and routed through privacy infrastructure, complicating recovery efforts. The project also filed a complaint with the FBI.
Separately, a South Korean regional bank adopted Ripple’s payments service on Aug. 18. The announcement did not say XRP would be used for those transfers, so the agreement should not be treated as direct demand for the token.
XRP must reclaim $1 on a daily closing basis to reduce immediate downside pressure. A break above $1.05 would improve the short term setup, while another rejection could return attention to $0.95 and $0.90.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
18 August 2026 | 11:58 Jeonbuk Bank will deploy Ripple Payments for business remittances, becoming Korea’s first regional lender to offer the company’s 24/7 cross-border settlement service.
Key Takeaways Jeonbuk will deploy Ripple Payments. Business transfers settle within minutes. The service runs around the clock. XRP and RLUSD roles remain unknown. Ripple now has three Korean deals. Ripple announced its partnership with Jeonbuk Bank on August 18. The agreement will bring Ripple Payments to the bank’s business customers, including import-export companies, IT startups and online content creators.
Jeonbuk Bank becomes the first regional bank in Korea to deploy the payment service. The target is straightforward: cross-border payments that settle in seconds to minutes and remain available 24 hours a day.
A payment service for companies moving money abroad Businesses that import goods, pay overseas suppliers or receive revenue from abroad often depend on correspondent banking. A payment can pass through several intermediary banks before it reaches its destination, adding processing time, fees and uncertainty around its arrival.
Jeonbuk Bank is the first regional bank in Korea to deploy Ripple Payments, replacing multi-day SWIFT transfers with near real-time, 24/7 cross-border settlement for its business customers. Our third Korean partnership this year, after Kyobo Life Insurance and Kbank, partnering…
— Ripple (@Ripple) August 18, 2026
Ripple says its platform gives Jeonbuk Bank a different route for those transfers. The bank will offer near real-time settlement to business customers, with payments running around the clock instead of relying only on banking hours.
The deal is aimed at companies with regular international payment needs. Importers and exporters need to pay suppliers and receive invoices across borders. Startups may pay remote workers, cloud-service providers or overseas partners. Online creators can receive income from global platforms and advertisers.
Fiona Murray, Ripple’s managing director for Asia Pacific, said:
“Regional banks play a vital role in the real economy.”
What changes for Jeonbuk Bank customers Ripple Payments is designed to handle the operational work around cross-border transfers through one service. The official announcement highlights three changes for Jeonbuk’s business clients:
Settlement speed: transfers can complete in seconds to minutes. Availability: the service operates 24/7. Transparency: businesses gain clearer visibility into payment processing. The announcement does not publish the first payment corridors, fees, supported currencies or a customer rollout date. Those details will determine which Jeonbuk clients can use the service and how it compares with existing bank-remittance products.
Jeonbuk Bank President Park Choon-won called the partnership a step in the lender’s digital-finance strategy.
“This partnership will become a new growth engine for the bank.”
The key question: XRP, RLUSD or another settlement route? Ripple’s announcement does not identify the asset or currency used to settle Jeonbuk Bank’s transfers.
That leaves three possibilities open. The payment flows could use XRP, Ripple’s RLUSD stablecoin, or a fiat and stablecoin arrangement selected for each corridor. Ripple has not confirmed any of them.
The distinction matters because a bank adopting Ripple Payments does not automatically establish new transaction demand for XRP. It also does not confirm that RLUSD will serve as the settlement asset.
The partnership confirms the payment platform and its target users. The settlement mechanism remains undisclosed.
Ripple’s third Korean financial-institution deal this year Jeonbuk Bank is Ripple’s third Korean institutional partnership announced in 2026.
Earlier deals covered different parts of the digital-asset stack:
Kyobo Life Insurance is exploring on-chain settlement for Korean government bonds. Kbank is deploying Ripple Custody wallet infrastructure for institutional digital-asset operations. Jeonbuk Bank is adopting Ripple Payments for cross-border business remittances. Ripple has also expanded its regulated presence outside Korea. Ripple Payments Europe was added to ESMA’s MiCA register after receiving authorisation in Luxembourg. In Japan, RLUSD became the first foreign stablecoin approved under a new regulatory category.
Jeonbuk’s future announcements need to answer four practical questions: which countries the service will cover, which currencies it will support, when customers can access it and which asset settles each transfer.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Daily on-chain activity metrics on the XRP Ledger rose alongside preparations for regulatory talks in the United States and infrastructure expansion in South Korea. The number of transactions worth more than $1 million increased by 280%, with monitoring data recording 38 such transfers over 24 hours.
According to on-chain analyst Ali Martinez, citing Santiment, the current surge was preceded by a week of accumulation, during which addresses holding large balances acquired more than 450 million XRP.
XRP whale transactions (1M-100M tokens) over the past 3 days, Source: Ali Martinez / SantimentThis helped push the daily number of active addresses to a two-month high of 50,000.
HOT Stories
New XRP banking rails and the White House inviteThe increase in on-chain activity coincided with Ripple's entry into South Korea's banking market. South Korea's Jeonbuk Bank announced the integration of the Ripple Payments platform for commercial settlements.
According to the project's technical specifications, the bank's cross-border transfers are routed through the XRP Ledger's internal rails, bypassing the traditional SWIFT interbank system.
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The second factor is the changing regulatory landscape in the United States. A closed-door meeting between Ripple executives, SEC Chair Paul Atkins, and acting CFTC Chairman Michael Selig is being prepared in Washington. The talks are being organized after the Senate postponed its vote on the CLARITY Act until September.
For XRP buyers, Ripple's direct contact with the heads of the agencies signals an attempt by the administration to implement regulatory rules directly through the relevant commissions without waiting for Congress to act.
Large market participants are using the pause created by the delay to build positions at a lower price before the regulatory framework is formally approved.
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On the spot market, the reaction to the on-chain data and news backdrop has kept the price near a key technical level. At present, XRP is holding the psychological support level of $1.
The combination of supply accumulation by large holders and improving fundamental network metrics is viewed by market participants as a leading signal that XRP's bullish trend may resume.
TLDR XRP trades near $0.99 after a sharp drop from its 2025 cycle peak. Analyst Crypto Patel flags the $0.85–$0.65 range as a possible accumulation zone. Long-term targets sit at $3, $5, $7, and $10 if a reversal confirms. Strive Financial Group disclosed XRP ETF holdings in a new 13F filing. The broader XRP trend stays neutral, with a confirmed breakout still needed. XRP is trading at $0.99 at the time of writing. The token has a 24-hour trading volume of $855 million and a market capitalization of $62.68 billion.
The price has held fairly steady over the past day. Analysts are now watching XRP’s chart for signs of a longer-term recovery.
Crypto Patel, a crypto analyst, shared his view on X. He pointed back to a warning he gave during the 2025 rally, when he flagged weakening structure above $3.
$XRP: The Bearish Call They Ignored… Until It Dumped 73%
Back in July 2025, when most of the market expected higher prices, I warned that #XRP was losing bullish structure and advised taking profits above $3.
Today:
✅ ~73% down from the cycle top
✅ ~53% below the confirmed… https://t.co/AGHdYcGmRI pic.twitter.com/5aQcBCl6ff
— Crypto Patel (@CryptoPatel) August 17, 2026
Crypto Patel Sees Long Road to $10 Since that 2025 warning, XRP has fallen roughly 73% from its cycle peak. It slipped below $1 for the first time in nearly two years.
Patel said this drop shows real damage to XRP’s market structure. He does not expect a bottom right away.
He pointed to the $0.85–$0.65 range as a possible accumulation zone. Even so, he said a further drop of 20% to 40% is possible before any reversal starts.
Patel’s approach is to buy gradually near higher time frame demand zones. He avoids trying to pick the exact bottom.
His long-term price targets for XRP are $3, $5, $7, and $10. These are goals for a future cycle, not short-term predictions.
XRP Price on CoinGecko Strive Discloses XRP ETF Holdings Separately, the account BankXRP shared new information on X about institutional activity. Strive Financial Group updated its 13F filing with regulators.
The filing shows Strive holds positions in the Teucrium 2x Long Daily XRP ETF. It also holds shares of the Canary XRP ETF.
This filing points to growing institutional interest in regulated XRP products. More firms appear willing to gain exposure through ETFs rather than holding XRP directly.
A 13F filing only shows holdings from a past reporting period. It does not confirm what a firm holds today or plans to do next.
Still, the disclosure adds to a pattern of institutions engaging with XRP-linked funds. It is one more data point for people tracking adoption trends.
XRP’s price action remains neutral despite these developments. The token has not broken out of its current range in either direction.
The wider crypto market has shown some improvement in recent sessions. A shift in that broader trend could support a bigger XRP move if it continues.
Whether XRP moves higher from here depends on buyers holding key support levels. A failure to hold support could send the price lower before any recovery attempt.
At publication time, XRP remains at $0.99, with market watchers tracking the $0.85–$0.65 zone as the next area of interest.
Ripple (XRP) and Stellar (XLM) remain under pressure as broader market uncertainty and weak technical momentum weigh on both altcoins. XRP is hovering below the key $1 mark on Tuesday while XLM continues its corrective decline below $0.157. Meanwhile, mixed derivatives and on-chain signals indicate cautious sentiment, leaving both cryptocurrencies vulnerable to further downside.
Mixed derivatives cap recoveryDerivatives data shows mixed sentiment with a mild bearish tilt among traders. CoinGlass’ long-to-short ratio for XRP and XLM reads 0.80 and 0.87, respectively, on Tuesday, nearing their lowest levels in a month. A ratio below one indicates bearish sentiment, as traders bet asset prices will fall.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassIn addition, the XRP funding rate flipped positive on Monday and read 0.0042% on Tuesday, indicating that longs are paying shorts and reflecting a bullish bias. Meanwhile, the XLM rate flipped negative, reading -0.0054% on Tuesday. This negative rate indicates that short traders are paying longs and reflects a bearish bias.
XRP funding rate chart. Source: Coinglass
XLM funding rate chart. Source: CoinglassCautious optimism among tradersCryptoQuant’s summary data shows cautious optimism. XRP’s futures markets show large whale orders, while other metrics remain neutral, supporting a potential recovery. However, XLM shows selling-side dominance in both markets, and large whale orders, hinting at cautious sentiment among traders.
XRP summary chart. Source: CryptoQuant
XLM summary chart. Source: CryptoQuantXRP technical outlook: Slips below key supportXRP price trades at $0.99 on Tuesday, keeping a bearish near-term tone as it holds below the 50-day Exponential Moving Average (EMA) at $1.07, the 100-day EMA at $1.15 and the 200-day EMA at $1.34. XRP also remains under the broken descending trendline reference at $1.00 and the horizontal barrier at $1.00, underscoring persistent overhead pressure.
The Relative Strength Index (RSI) near 35 stays in weak territory, while the Moving Average Convergence Divergence (MACD) indicator is slightly negative, hinting at lingering downside bias rather than a decisive reversal.
On the topside, immediate resistance is clustered at the psychological $1.00 mark, followed closely by the former trendline break level at $1.00. Above this area, the 50-day EMA at $1.07 is the next hurdle, followed by the 100-day EMA at $1.15 and the horizontal barrier at $1.30, with the 200-day EMA at $1.34 and a higher horizontal line at $1.90 marking more distant caps.
With no clear support levels defined below the current price in the current dataset, any further slide would leave XRP vulnerable to downside price discovery until fresh demand emerges.
XRP/USDT daily chartXLM technical outlook: Extends correction below key EMAsXLM price trades at $0.156 on Tuesday, extending its corrective phase below all major EMAs, which keeps the near-term bias bearish. The 50-day EMA at $0.173, the 100-day EMA at $0.178 and the 200-day EMA at $0.190 all sit overhead as trend-defining resistance, reinforcing a capped tone after the recent slide.
The RSI near 31 hovers close to oversold territory, while the MACD indicator turns marginally positive around the zero line, hinting at fading downside momentum but not yet signaling a clear recovery as long as price holds beneath these clustered averages and Fibonacci retracements.
On the topside, initial resistance aligns around the $0.173 area, where the 50-day EMA converges with the 78.6% Fibonacci retracement, followed by the prior horizontal barrier at $0.177 and the 100-day EMA at $0.178. Higher up, the 200-day EMA at $0.190 precedes the 61.8% Fibonacci retracement at $0.200, with subsequent Fibonacci levels at $0.218, $0.237 and $0.260 capping any medium-term recovery, ahead of the cycle high near $0.298.
On the downside, immediate focus rests on the support band between the horizontal floor at $0.142 and the structural low around $0.139; a decisive break under this zone would likely open the door to a deeper bearish extension despite the already stretched momentum backdrop.
XLM/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Bank of America (BofA) has expanded its exposure to Bitcoin, Ethereum, XRP, and Solana through exchange-traded funds (ETFs). The Wall Street giant also trimmed its holdings in Strategy (MSTR), American Bitcoin Corp (ABTC), and other crypto stocks.
Bank of America Holds Almost $94 Million in Bitcoin, Ethereum and XRP ETFs The Wall Street giant, with a $1.55 trillion investment portfolio, has increased its investments in multiple crypto ETFs in Q2 2026, according to a 13F filing with the U.S. Securities and Exchange Commission (SEC). Bank of America holds $94 million in net exposure in Bitcoin, Ethereum, and XRP ETFs.
Bank of America raised its holdings in BlackRock Bitcoin ETF (IBIT) by 77% in the quarter. It now holds over 1.72 million IBIT shares, up from 972,590 shares earlier.
It also has investments of more than $10 million in Bitwise’s BITB, $2.24 million in Grayscale Bitcoin Mini ETF, and $1.32 million in FBTC. The bank also holds exposure to GBTC, VanEck’s HODL, and Direxion Daily Bitcoin Bull 2X ETF (BTCU).
Moreover, Bank of America (BofA) has also expanded its BlackRock Ethereum ETF (ETHA) exposure by 2,838%. It now holds 1.98 million shares in ETHA, up from 67,492 shares.
In addition, Bank of America increased its XRP ETF holdings slightly in Q2, after keeping exposure the same as in the last quarter. The Wall Street giant holds 13,260 shares of the Volatility Shares XRP ETF (XRPI).
In contrast, the bank has sold the remaining 10,296 shares of Volatility Shares Solana ETF from its investment portfolio. It has fully exited Solana ETFs after selling 700 Volatility Shares 2x Solana ETF shares last quarter.
These holdings align with broader trends as many institutions build positions in spot crypto products. Notably, JPMorgan and Morgan Stanley revealed XRP holdings via ETFs amid tradFi’s push into tokenization, treasury management, and real-time payments.
Bank Trims Strategy (MSTR) Stock Exposure Bank of America (BofA) also revealed 1.17 million MSTR stock holdings worth almost $102 million, down 70% from 3.96 million stocks. BofA trimmed MSTR exposure as the largest corporate Bitcoin treasury started selling BTC holdings to pay dividends and build cash reserves.
The Wall Street giant also sold 3,800 Strike (STRK) perpetual preferred shares. The bank even adjusted positions in Strategy convertible senior notes.
The bank sold all 85,508 shares in Trump family’s American Bitcoin Corp (ABTC), while increasing Bitmine Immersion (BMNR) stock holdings by 78% to almost $22 million. It also increased stock holdings in Hyperliquid Strategies Inc (PURR) by 167% to 635,407 shares.
Bank of America has also invested in Circle, Coinbase, and Bitcoin mining crypto companies including MARA Holdings, Riot Platforms, and CleanSpark shares.
For retail investors looking to follow Wall Street’s lead safely, utilizing fully compliant US crypto exchanges like Coinbase ensures adherence to rigorous security and domestic regulatory frameworks.
Embodied AI Meets Decentralized LiquidityRavn Robotics has officially launched its $RAVN token on @Ripple's $XRP Ledger, bringing a new category of real-world asset to the network: embodied AI software built for autonomous machines. The company's focus sits squarely at the intelligence layer,
The $RAVN token is structured as more than a standard utility instrument. meaning holders gain exposure to the company's performance through a blockchain-native format rather than conventional equity channels. The launch integrates AI-driven perception and real-time coordination capabilities for autonomous drones and unmanned systems directly into the $XRP ecosystem.
A Growing Ledger for Real-World AssetsThe Ravn launch arrives as the XRP Ledger cements its position as a leading venue for tokenized real-world assets. Institutional momentum has been building steadily, with
On the infrastructure side, Ripple has also been expanding its builder ecosystem:
Ravn Robotics represents a less conventional entry into this space, pairing the physical-world utility of autonomous systems with on-chain liquidity. Whether the model gains traction will depend on how the market values tokenized access to an early-stage robotics and AI company. But the launch signals a broadening of the asset types finding a home on the XRP Ledger, well beyond traditional finance.
Sources
Dexlocate: RAVN XRP Token Overview
24/7 Wall St.: XRP Ledger Tokenizes $3 Billion in Real-World Assets
Ripple: Supporting Innovation on the XRP Ledger in 2026
XRP 1 dolar seviyesini korumaya çalışırken vadeli işlem verileri yatırımcıların pozisyonlarına ilişkin farklı rakamlar ortaya koyuyor. Gerçek tablo ise long-short oranlarından daha karmaşık.
XRP’nin 1 dolar çevresindeki mücadelesi sürerken vadeli piyasalardaki pozisyonlara ilişkin farklı veriler dikkat çekiyor. CoinGlass, XRP vadeli işlemlerindeki açık pozisyon büyüklüğünü yaklaşık 2,7 milyar dolar gösterirken bazı takip platformlarında bu rakam 866 milyon dolar ile 1 milyar dolar arasında kalıyor.
Bu fark, piyasanın yanlış ölçüldüğü anlamına gelmiyor. Platformların farklı borsaları ve sözleşme türlerini hesaba katması, rakamların birbirinden ayrılmasına neden oluyor.
Veriler arasındaki asıl karışıklık long ve short pozisyonlarının nasıl hesaplandığında ortaya çıkıyor.
XRP vadeli işlemlerinde hesapların yaklaşık %75’i long, %25’i short pozisyonda bulunuyor. Ancak bu oran, piyasadaki paranın %75’inin long tarafta olduğu anlamına gelmiyor.
Vadeli işlemlerde her long pozisyonun karşısında aynı büyüklükte bir short pozisyon bulunuyor. Örneğin üç yatırımcı 100’er dolarlık long açarsa toplam long tarafı 300 dolar olur. Buna karşılık tek bir yatırımcı 300 dolarlık short pozisyon taşıyabilir. Hesapların %75’i long olsa da iki tarafın pozisyon büyüklüğü yine eşit kalır.
Bu nedenle hesap sayısına dayalı long-short oranıyla dolar bazındaki pozisyon büyüklüğünü birbirine karıştırmamak gerekiyor.
XRP’de Satış Baskısı Artıyor mu? Vadeli pozisyonların dağılımından farklı olarak taker işlem hacmi, son dönemde satış tarafının daha güçlü olduğunu gösteriyor.
Son 24 saatteki taker işlemlerinde alışların payı yaklaşık %45, satışların payı ise %55 seviyesinde bulunuyor. Bu tablo, XRP’nin 1 dolar çevresindeki fiyat hareketinde satış baskısının daha ağır bastığına işaret ediyor.
Trader ChartNerd’in daha önce paylaştığı %51,5 long ve %48,5 short dağılımı da tartışmaya neden oldu. XRP Ledger geliştiricisi Bird, bu rakamların farklı taker verileriyle uyuşmadığına dikkat çekti.
ChartNerd daha sonra hesaplamasını yeniden yaptı ve son 24 saatte yaklaşık 304 milyon dolarlık long hacmine karşı 375 milyon dolarlık short hacmi bulunduğunu belirtti.
Buradaki fark, hangi verinin ölçüldüğüyle ilgili. Açık pozisyon, hesap oranı ve taker hacmi aynı şeyi göstermiyor.
ChatGPT Yanıtladı: XRP’de 1 Doların Altında Dip Geldi mi?
XRP 1 Doların Altına İnerse Ne Olur? XRP’nin 1 dolar seviyesini kaybetmesi, özellikle kaldıraçlı long pozisyonlar açısından riski artırabilir.
Fiyatın aşağı yönlü kırılması halinde bazı long pozisyonların tasfiye edilmesi yeni satış baskısı yaratabilir. Tersine, XRP’nin 1 dolar üzerinde güçlü bir toparlanma göstermesi short pozisyonların kapanmasına ve alımların hızlanmasına yol açabilir.
Bu nedenle mevcut tablo iki taraflı bir sıkışmaya işaret ediyor. Long pozisyonlar kalabalıklaşırken short tarafındaki bahisler de güçleniyor.
Binance’te XRP Vadeli Pozisyonları Artıyor CryptoQuant verileri, Binance tarafında da dikkat çeken bir değişime işaret ediyor.
XRP’nin Binance’teki açık pozisyon büyüklüğü son iki haftada %28,6 artarak 232,7 milyon dolara yükseldi. Aynı dönemde perpetual CVD ise eksi 463 milyon dolara geriledi.
Bu ayrışma, piyasaya yeni short pozisyonların eklenmiş olabileceğini gösteriyor. Spot piyasa akışı da benzer bir tablo ortaya koydu. Net akış 153 milyon dolarlık pozitif seviyeden 231,8 milyon dolarlık negatife döndü.
Dolayısıyla XRP’de yalnızca fiyatı değil, vadeli işlemlerdeki kaldıraç ve spot para akışını birlikte izlemek gerekiyor.
XRP’nin 1 dolar çevresindeki hareketi bu nedenle yalnızca bir destek seviyesi mücadelesi değil. Pozisyonların yoğunlaşması, satış baskısı ve artan açık pozisyonlar nedeniyle 1 dolar seviyesi vadeli piyasa açısından da kritik bir eşik haline geliyor.
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.
A recent statement by Jim Cramer, the well-known CNBC host and financial commentator, has sparked renewed optimism within the XRP community regarding the passage of the CLARITY Act. Cramer declared, “I’m sure that the Clarity Act will never pass!” prompting prominent crypto influencer Crypto Rover and others in the digital asset community to interpret his words as a contrary indicator.
Cramer’s reputation as a contrarian signalOver the years, Cramer has developed a reputation among investors for making market predictions that often do not materialize as expected. This perception has become so prevalent that a segment of the crypto and financial communities now regard his statements as an unofficial “contrarian signal.” When Cramer voices strong confidence in a potential outcome, many expect the opposite to occur.
Crypto Rover leveraged that reputation by publicly sharing Cramer’s remarks and suggesting that the bill is, in fact, likely to succeed. The post quickly gained traction, with a significant portion of the XRP community expressing agreement and framing Cramer’s statement as a bullish sign for the bill’s prospects.
Crypto community members highlighted that Cramer’s certainty has historically been followed by an outcome in the opposite direction, strengthening their belief in imminent progress for the CLARITY Act.
Senate moves CLARITY Act toward key voteThe CLARITY Act, a legislative initiative aimed at providing regulatory guidance for digital assets such as XRP, is now approaching a critical stage in the United States Senate. Senate Majority Leader John Thune has filed for cloture, which allocates official floor time for the bill when the Senate returns from its August recess. The cloture vote has been scheduled for September 15, 2026, at 2:15 PM.
Senator Bernie Moreno, a key backer of the bill, has indicated that all Republican senators are expected to vote in favor of moving the legislation forward. “There is absolutely nothing to ‘iron out,’” Moreno stated, emphasizing that negotiations have concluded. To pass the 60-vote cloture threshold, at least seven Democratic senators must join all 53 Republicans in support of the bill.
Senator Moreno confirmed that unified Republican support is secured and signaled confidence that enough Democrats will also endorse the measure.
The most significant resistance to the bill has emerged from the banking industry lobby. However, Senator Cynthia Lummis, alongside other supporters, has countered these objections. Patrick McHenry, former House Financial Services Committee Chairman, said the banking lobby’s efforts are “falling on deaf ears” and projected that the legislation would be enacted before the end of 2026.
Mini dictionary: Cloture, a legislative process in the US Senate, is a procedure to bring debates to an end, requiring a supermajority vote to proceed to a final decision or vote on proposed legislation.
September 15 vote seen as decisive testThe upcoming September 15 cloture vote is closely watched by digital asset advocates and market observers. With all Republican votes effectively secured, the fate of the CLARITY Act depends on whether a sufficient number of Democratic senators cross party lines. Early signals from Capitol Hill suggest that between seven and ten Democrats may be prepared to support the bill, potentially paving the way for its passage.
Cramer’s high-profile comments have injected further confidence into the XRP community, who see his pessimism as a reliable indicator of legislative success. As the September vote approaches, legislative momentum and bipartisan discussions support an optimistic outlook for regulatory clarity in the digital assets space.
Key CLARITY Act Senate Vote MetricsNumber NeededCurrent ExpectedRepublican votes5353Democratic votes needed77–10 (anticipated)Total votes required60Potentially 63Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP faces a critical technical juncture that could dictate its price trajectory for the foreseeable future, according to cryptocurrency analyst JD, known as @jaydee_757. His most recent analysis spotlights XRP’s performance on the two-week chart, referencing technical structures that have guided the asset’s behavior since 2018.
Approaching a pivotal technical zoneJD highlighted that XRP currently sits near the intersection of two major trendlines. One is a descending resistance line dating back to the 2018 peak, and the other is a rising support line that stretches across several notable market lows.
The proximity to these trendlines has formed a broad triangular pattern that has shaped XRP’s longer-term price movements. This triangle’s boundaries now coincide with key price levels, putting XRP at an important decision point.
The analyst cautioned that a confirmed breakdown below the 9-year trendline could initiate a steep decline. He characterized such a move as a possible setup for another significant buying opportunity, recalling previous cycles where comparable declines preceded extended market rallies.
A former resistance re-testedXRP decisively broke out of the triangle pattern in late 2024, moving above resistance and eventually achieving a new all-time high of $0.365 in July 2025. Following this surge, the asset entered a retracement phase that has brought its price back toward the former resistance line.
This area now acts as a key support level. Technical analysts often observe how assets interact with such historical boundaries, as a failure to hold could point toward deeper losses.
JD’s chart suggests a heightened probability that XRP could fail to sustain support at this level, setting the stage for a more substantial correction.
Analyst expects possible move lowerJD’s outlook focuses on the risk associated with breaching the long-standing trendline. His analysis indicates that XRP could revisit its rising support line, which has marked major lows in years such as 2020, 2022, and 2024.
Historically, this trendline has provided reliable support, triggering significant upward price actions after each test. Should XRP approach this level again, it may experience a deeper retracement before stabilizing.
JD described the potential drop as a “biggest opportunity of a lifetime,” drawing parallels with previous cycles that led to market surges following deep corrections.
Preparing for a possible worst-case scenario ahead of the next major peak expected around 2028, JD’s analysis emphasizes vigilance over the coming weeks. He pointed to prior instances in which XRP rebounded strongly from similar setups.
Mini dictionary: Trendline — In technical analysis, a trendline is a straight line connecting two or more price points on a chart and is typically used to identify underlying support or resistance levels.
Long-term outlook and cycle developmentJD’s broader thesis is that a successful test and rebound from the rising trendline might set the groundwork for another significant surge in XRP. He expects any pullback to create an attractive entry before a potential rally that could culminate in the next crypto cycle’s peak around 2028.
His analysis outlines a sequence: XRP is currently retesting a former resistance as support. If the asset breaks down and approaches the rising trendline, and if historical patterns hold, a robust recovery could follow, forming the next major XRP cycle.
YearMajor Support TestPrice Reaction2020Rising trendlineStrong advance2022Rising trendlineMarket rally2024Rising trendlineAnother surgeDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Here’s the strange part nobody’s really talking about. As XRP hovers near $1 and retail investors head for the exits, the actual plumbing that could make the token useful at scale is already built, funded, and sitting one signature away from switching on.
Retest Everyone’s Bracing For
XRP has already dipped slightly below $1 once recently, and analyst Brad Kimes of Digital Perspectives thinks another test of that level is coming. “I think we could see this break back down and retest just below a dollar,” he said, pointing to a pattern he’s watched play out three or four times in XRP’s history, where the price returns to touch that same baseline before reversing.
Kimes was upfront that he’s not primarily a chart guy, but the fundamentals line up with the technical picture right now. With Congress in recess and the CLARITY Act still unresolved, there’s genuine downward pressure weighing on sentiment, exactly the kind of news vacuum that tends to accompany these baseline retests.
Twist: Infrastructure Isn’t Waiting on Retail
Here’s where the story gets interesting. While retail sentiment sours, Ripple’s institutional relationships have been quietly compounding for nearly fifteen years. Ripple’s ties to the Royal Bank of Canada reportedly go back as far as 2015 now, alongside a separate, more recently reported relationship with the Bank of Montreal. These aren’t new partnerships built on hype. They’re a decade-plus of infrastructure work that predates most of the retail investors currently selling.
The bigger number sits inside Ripple Prime and Ripple Treasury, the rebranded versions of Ripple’s acquisitions of Hidden Road and GTreasury. Ripple Prime and Ripple Treasury now handle $16 trillion in volume annually too, according to Kimes, a figure that existed before either business unit had touched a digital asset. That volume now sits under Ripple’s umbrella, waiting for the moment it starts flowing through XRP-based rails instead of legacy ones.
A Regulatory Green Light Already Sitting in Place
Perhaps the most overlooked detail: the DTCC, the organization that clears and settles the vast majority of US securities transactions, already has Ripple Prime embedded in its live tokenization work, not a pilot program, but production. The DTCC reportedly received a three year no action letter tied to Ripple Prime, a signal from the SEC that effectively clears the path for this activity to continue.
Kimes connected that letter to a rescheduled SEC meeting that was rumored to potentially open the door for tokenizing stocks and bonds across networks including Stellar, Solana, and the XRP Ledger. If that’s genuinely where things are headed, he argued, it looks less like a coincidence and more like regulators quietly applying pressure on the Senate to finally move the CLARITY Act forward.
Why CLARITY Is the Missing Piece, Not the Whole Picture
Kimes leaned on an analogy from Representative French Hill to explain why the bill matters so much: having the GENIUS Act for stablecoins without the CLARITY Act is like having cell phones with no legislation covering the towers that make them work. The infrastructure exists. The rules connecting it to the rest of the financial system don’t, at least not yet.
Retail’s Missing Piece: Actually Using the Asset
The other gap holding XRP back from broader adoption isn’t regulatory, it’s practical. For years, holding XRP has mostly meant simply holding it. That’s beginning to change. Flare’s FXRP token now lets XRP holders put their tokens to work inside DeFi too, opening the door to yield and utility that didn’t exist for XRP holders previously. Kimes described being able to actually deploy an asset, rather than just sit on it, as one of the final missing pieces for anyone serious about building long-term wealth rather than simply hoping for a price increase.
The Irony, Summed Up
Put together, the picture looks almost backwards from how it’s being priced. Retail is selling into fear over a stalled bill and a shaky chart, while the institutional rails, the bank relationships, the regulatory clearance, and the acquired trillion-dollar volume streams, are already largely in place, waiting on one piece of legislation to formally connect them to XRP itself.
Story Ends Here
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The position was valued at roughly $14 million, representing a nearly 60-fold increase in a single quarter.
Broad Exposure Across XRP ETF Issuers
Market-Making Context As one of the largest ETF liquidity providers globally, @JaneStreetGroup routinely holds inventory across the products it facilitates, and 13F disclosures reflect end-of-quarter snapshots rather than strategic investment intent.
Sources:
CryptoNews: Jane Street Reports Major Position Across XRP ETF
CoinTurk: Jane Street Discloses $14 Million in Bitwise XRP ETF
XRP ETF Tracker: Live AUM, Holdings and Flows
In This Article XRP Price Prediction 2026: Kalshi Odds on Ripple Hitting $1.50 this Year Spikes to 23%XRP Price Levels and Recent ETF Flows Slowed in Early August XRP price prediction for 2026 from Kalshi has odds of the asset trading above $1.50 this year at 23%, climbing from 18% just yesterday. This renewed optimism comes as Ripple is trading at about $1 per coin, according to CoinGecko.
This is about 72.6% below its July 2025 all-time high of $3.65. The token had a market capitalization of roughly $62.8Bn, ranking sixth among cryptocurrencies, while 24-hour trading volume was about $779M across 152 exchanges and 470 markets tracked by the platform.
The $1 area remains an important reference point in recent XRP trading. While the available evidence does not support a price forecast of $2 or $0.50, it does indicate a market focused on whether XRP can maintain the $1 psychological level, with fund-flow data remaining subdued.
Honestly this is the zone we shouldn’t be missing on $XRP.
Daily candle is looking healthy right on the long term trendline with bullish RSI divergence showing up.
I think taking some risk here makes sense.#DYOR pic.twitter.com/rpDF1IwysS
— Gerla 🦁 (@CryptoGerla) August 17, 2026
XRP Price Prediction 2026: Kalshi Odds on Ripple Hitting $1.50 this Year Spikes to 23% Even with XRP sitting right at $1 and looking dangerously close to losing that key support zone, Kalshi odds of Ripple trading above $1.50 in 2026 rose overnight, from 18% to 23%.
This renewed optimism among bettors doesn’t have an obvious reason but could be tied to the belief that broader market conditions will improve toward the end of 2026, with the expectation that XRP will climb alongside Bitcoin and the rest of the crypto market.
Interestingly, 10% of bettors in the same Kalshi market believe that Ripple will hit $2.50 this year, which would require a lot of bullish catalysts to align, such as peace in the Middle East and the CLARITY Act being signed into law.
(SOURCE: Kalshi)
XRP Price Levels and Recent ETF Flows Slowed in Early August CoinGlass data show that U.S. spot XRP ETFs recorded a net inflow of +$2.25M for the week ending August 14, down 93% from $14.86M just two weeks earlier. The report put net assets at approximately $1.43Bn, compared with about $1.35Bn at the beginning of the month.
Phemex attributed the decline in net assets primarily to XRP’s lower price during the week rather than net fund redemptions, as the weekly flow total remained positive.
The week prior, the XRP ETF data breakdown included a $3.58M outflow on August 5, a $3.45M inflow on August 6, and zero net flow on August 7, highlighting dwindling institutional attention to the asset.
CoinGecko’s August 17 data placed XRP near $1.00, with a 24-hour range of $0.9887 to $1.00 and a seven-day range of $0.9887 to $1.04. That snapshot followed an earlier period described by Phemex, during which XRP tested the $1 level.
Phemex reported that XRP touched $1.01 during the week ending August 8 and did not close a daily session below $1.00 in that reporting period.
The outlet identified $1.05 as a level that had been broken on August 6 and had not yet been reclaimed, while placing the next support zone near $0.92 to $0.95 if XRP were to close below $1.00.
(SOURCE: CoinGlass)
The current evidence supports a narrower conclusion than a long-range price prediction. XRP spot ETFs are trading on major US exchanges; recent cumulative ETF inflows were reported at nearly $1.51Bn, while the week ending August 8 saw a much smaller $1.01M net inflow.
Price data also shows XRP near $1.00, below the $1.05 level highlighted in the early-August report. Whether fund flows strengthen or remain muted is a data point to watch, but the evidence provided does not establish a specific 2026 target of $2, $0.50, or $10.
XRP’s price and ETF-flow data point to a market concentrated around the $1 level. CoinGecko’s August 17 snapshot showed XRP at about $1.00, while Phemex’s report for the week ending August 8 showed positive but sharply reduced ETF inflows.
The available reporting identifies $1.05 as a level not yet reclaimed and $1.00 as the key psychological area tested during that earlier week.
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In brief XRP is trading around $1.00, clinging to the dollar price line it's defended since Trump's 2024 win. The daily chart is bearish, and the weekly chart is now converging. With XRP deep in oversold territory, will it give holders a bounce? Crypto is grinding through what can be considered an extended bear market with no confirmed bottom in sight. Bitcoin is down more than 3% this week and stuck below $64,000, while Ethereum is struggling to hold onto $1,900, with traders still debating when this slide actually ends.
Wall Street is having a completely different Monday. The S&P 500 and Nasdaq are hovering near recent highs, with AI stocks catching another bid after Bloomberg reported Anthropic posted $11.5 billion in quarterly revenue and is now meeting banks about a possible IPO.
Myriad: XRP next price move? Click to make your prediction.Crypto, in general, is starting the week mostly flat, with most of the coins in the top 10 moving less than 2% in either direction. For XRP, that’s arguably a good thing, considering how strong bears have been.
XRP price: Defending the dollar for the 635th day
XRP is slightly up 1.11% today, trading around $1.0046 after opening at $0.9935 and dipping to an intraday low of $0.9882. It's a small bounce, but it matters.
XRP has closed above $1 every single day since November 2024, a streak that had reached 635 sessions as of last week. That streak nearly snapped twice this month already.
The scare came in part from a bridge exploit that drained roughly $200,000 through a connection between the TX Chain and the XRP Ledger, pushing XRP briefly under $1 on August 11 and again on August 14.
Buyers stepped back in before the daily close both times. This week's chart shows the same story: XRP tagged $0.9862, a level last touched right before the November 2024 rally—the one traders took to calling the “Trump pump,” since it followed Donald Trump’s reelection—that eventually carried it to an all-time high of around $3.65.
On the daily chart, the technical damage is already done. XRP's 50-day exponential moving average, or EMA, is trading below its 200-day EMA. EMAs smooth out price action to reduce all the noise you see on intraday sessions. When the shorter-term average crosses below the longer-term average, it forms a pattern on the charts that traders refer to as a death cross. For XRP, it essentially confirms sellers have run the short-to-medium-term trend for weeks now.
Zoom out to the weekly chart and the picture gets heavier. XRP's 50-week EMA is still trading above its 200-week EMA, meaning the golden-cross structure that's technically underpinned the entire post-election rally is still intact.
But that gap has been closing for months, and the weekly Average Directional Index, or ADX, now reads 33.7. ADX measures trend strength regardless of direction, and above 25 signals a trend in place. For XRP, ADX at 33.7 signals a genuinely strong trend reading pointed in the wrong direction for anyone long the token.
When a shorter-term EMA spends this long grinding toward a longer-term one from above, traders read it as a warning shot for an eventual cross, not a coincidence.
Back on the daily charts, the ADX reads 21.8, just under the 25 level traders use to confirm real conviction. That means this decline is real, but not exactly violent anymore. The chart's own Fibonacci retracement (a natural set of supports and resistances that appear during a trend), shows XRP hasn't even reclaimed its shallowest retracement level at $1.0281. The so-called golden zone between $1.0754 and $1.0965 is still a long climb from here.
The calendar isn't offering much help either. The Senate left for a five-week August recess without voting on the Clarity Act, pushing the crypto market structure bill's next realistic vote to September 15. The SEC abruptly pulled its own vote on new crypto-startup fundraising rules the same week, citing a scheduling issue.
The bear force is so strong that Standard Chartered's Geoff Kendrick cut his 2026 XRP price target from $8 to $2.80 in the first quarter of 2026. Whales have reportedly bought roughly 380 million XRP near the $1 level over the past week, but they're doing it alongside $1.5 billion in freshly opened leveraged long positions—the kind of position that turns an ordinary break below $1 into a faster, uglier one if it triggers forced liquidations.
The most obvious resistance sits close to $1.07–$1.09 (golden zone), with $1.1264 (78.6% Fib) if the momentum is sustained. For support: $0.98 would be this week's low with $0.9061 as a major support as close to the $1 base as it could be.
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Going long on Ripple is not the best idea at this stage of the cycle.
From a technical perspective, XRP is already down more than 6% this month and is nowhere close to realizing its gains from July. In contrast, Ethereum has gained a solid 1.7% this month, making it clear that XRP is not attracting big institutional flows. With that said, the chart below becomes even more significant.
Specifically, almost $2.16 billion in fresh long positions have been opened recently, fueling frenzied speculation. Given the technical setup described above, this development makes XRP highly vulnerable to a massive long liquidity sweep.
Source: TradingView Interestingly, Ripple [XRP] kicked off the week by breaking below the critical $1 level, adding more pressure to the long-heavy setup. If bulls fail to reclaim $1, the breakdown could open the door to deeper downside, a setup that can’t be ignored given the weaker institutional demand.
According to the SoSoValue, XRP ETFs have seen just over $3 million in net inflows so far in August, while Ethereum ETFs have pulled in over $2. That gap shows how much stronger the current capital rotation into ETH has been compared to XRP.
Taken together, the combination of weak technical performance and institutional flows suggests that the large $2.16 billion long bet on XRP looks like a risky trade. If XRP fails to reclaim $1, those leveraged longs could quickly turn into a short-covering squeeze, raising the question: Is Ripple on track for a break below $0.98?
XRP bulls take a risky bet One thing to consider when looking at the current bet is the timing of the move.
Notably, while XRP’s technical and institutional setup looks weak, some on-chain signals and liquidity flows are pointing to another direction. One of them is the XRP/ETH ratio, which analysts expect to rebound based on key technical signals. Notably, this is where the chart below begins to hold weight.
According to Token Terminal, RLUSD was the fastest-growing asset over the past seven days, adding $132 million, while Ripple was the faster-growing issuer, also adding $132 million. This suggests that RLUSD supply continues to expand, even as XRP struggles to gain momentum. This divergence is worth watching.
Source: Token Terminal Notably, the rising RLUSD supply and growing on-chain activity point to stronger network engagement across the XRP Ledger. That puts XRP in a better position if the broader market flips back to risk-on. If liquidity continues to build while the XRP/ETH ratio begins to recover, the current weakness could turn into a stronger rebound setup.
In this context, while $2.16 billion in long positions might seem too risky, the overall setup suggests that XRP bulls may have more conviction behind the trade than the current price action suggests.
Final Summary XRP’s long-squeeze risk has intensified, with over $2.16 billion in long positions recently added. Could XRP bulls be making a strategic bet?
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The most recent attempt to stabilize around $1.00 has not yet resulted in a significant reversal signal, and XRP is still trapped in a clear downtrend. After momentarily falling below the psychological $1 threshold, the asset is currently trading close to $1.002, placing XRP at one of its most technically sensitive levels of 2026.
The next significant dynamic resistance is located around $1.08, and XRP is currently trading below the short-term average near $1.04. More significantly, the longer-term averages continue to be significantly higher at roughly $1.16 and $1.35.
XRP/USDT Chart by TradingViewThe fact that $1.00 has not responded strongly is the immediate problem. Although buyers have so far stopped a clear breakdown, XRP is still printing lower highs and lower lows.
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XRP must first reclaim the $1.04–$1.08 region in order to achieve a short-term recovery. A move above $1.08 would reveal the $1.15–$1.16 resistance zone and significantly improve the setup.
Rebounds are still susceptible to fresh selling until then. On the downside, XRP would have little obvious support right below if it lost $1.00 on a daily closing basis. The next sensible area to keep an eye on would be the $0.95 region.
Therefore, until buyers are able to transform the current $1.00 defense into an actual higher-low structure instead of just another brief pause, XRP remains bearish.
Bitcoin averaging downAlthough Bitcoin's overall technical structure is still weak, it is exhibiting significantly more stability than XRP. After spending most of August consolidating in a relatively small range following the dramatic June sell-off and subsequent recovery from below $60,000, Bitcoin is currently trading at about $63,650.
BTC/USDT Chart by TradingViewThe way Bitcoin interacts with the moving averages centered around the current price is the most significant short-term development. Since Bitcoin is almost exactly on the short-term averages between $63,650 and $63,800, buyers and sellers are immediately engaged in a battle in the $63,000 to $64,000 range.
The price is no longer significantly lower than these averages, in contrast to the June decline. However, this stabilization has not resulted in a more widespread reversal of the trend. While the long-term average is significantly higher at $71,600, Bitcoin is still below the declining intermediate moving average at $66,300.
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Following the previous volatility, the market is essentially contracting. The first significant bullish signal would come from a move above $66,300, which might pave the way for a move toward $70,000–$71,600. Regaining the latter would be a far more significant structural advancement.
Shiba Inu at the lower end of the range With the current consolidation around $0.00000447 doing little to challenge the larger bearish structure, Shiba Inu is still stuck close to the bottom of its 2026 range.
After declining in July, SHIB has been able to stabilize, but buyers have not yet shown the follow-through required for a real trend reversal. The moving averages make the issue very clear. At roughly $0.00000447–$0.00000457, SHIB is trading almost exactly around the short-term averages, forming a compressed local structure.
SHIB/USDT Chart by TradingViewThe more significant resistance, however, is still above: the long-term average is much higher near $0.00000577, and the intermediate moving average is located around $0.00000490. With a significant increase in volume, the late-July volatility spike momentarily drove SHIB toward $0.0000058.
Because of this rejection, the $0.0000049–$0.0000050 region is especially crucial. Before the market structure can improve, another breakout attempt must pass through this zone and remain above it. As of right now, momentum provides minimal directional confirmation.
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The RSI is currently at about 46, which is far from oversold territory but below the neutral 50 level. This implies that SHIB could continue moving sideways without necessarily triggering a significant rebound. The immediate support region is located between $0.0000043 and $0.0000044. Losing it would expose the psychological $0.0000040 level and the July lows around $0.0000041.
The initial goal for bulls is to recover $0.0000049. The path toward $0.0000055–$0.0000058 could be reopened by a sustained move above $0.0000050. Until then, SHIB's stabilization appears to be more of a consolidation at the lows than a confirmed recovery.
Zcash remains strong technically Despite significant volatility, Zcash still has one of the stronger technical structures on the chart. After gaining about 5% on the most recent daily candle, ZEC is currently trading at $511. This keeps the price above all of its major moving averages and maintains the larger recovery structure that has been in place since the March–April bottom.
The $490–$500 range is where the immediate setup is concentrated. While another significant average is situated lower at roughly $472, the short-term moving averages are grouped around $493–$495. Since late July, ZEC has frequently traded in this region, but sellers have been unable to force a prolonged breakdown. $490 is therefore especially crucial.
ZEC/USDT Chart by TradingViewBy staying above it, ZEC has another chance to attack the recent resistance around $520–$530 and maintains the constructiveness of the current structure. Attention would probably shift to $550–$570, where the previous July rally faced strong selling pressure, if there were a clear breakout above that region.
Compared to what the short-term price action indicates, the larger trend is still much stronger. The long-term moving average for ZEC is currently close to $426 and is still rising.
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As a result, even after several months of erratic consolidation, the price maintains a sizable cushion above its main trend support. Declining volume is the primary weakness. A breakout from the current range would benefit from a noticeable increase in participation, as recent trading activity is significantly lower than that of the major May and June moves.
If ZEC drops below $490, $470-$475 will be the next significant support. The technical picture would deteriorate below that level, with $425–$430 emerging as the primary structural support.
Treasury’s new stablecoin rules would decide which dollar tokens can legally reach US buyers. Chains already running on a licensed dollar hold the edge, and six altcoins sit closest to it.
Nothing is final yet, and Treasury opened a 60-day comment period. The hard deadlines land in January 2027 and July 2028.
How Treasury’s New Stablecoin Rules Sort the ChainsCongress passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in July 2025. The idea is simple. A dollar token needs a US license to reach American users.
Two dates carry the weight. Unlicensed issuance inside the country ends on January 18, 2027. Then from July 18, 2028, platforms generally cannot sell payment stablecoins to US persons. Only licensed issuers pass.
No issuer holds that license yet, because licensing opens in 2027. However, the queue has already formed.
The Office of the Comptroller of the Currency (OCC) approved five trust bank charters last December on a conditional basis. Circle, Ripple, Paxos, Fidelity Digital Assets, and BitGo made that list. Circle then went further and won final approval in July.
Treasury Secretary Scott Bessent framed the goal as certainty.
“Treasury welcomes input from stakeholders as we work to provide the regulatory certainty businesses need to innovate and grow in America…” read an excerpt in the Monday announcement, citing Bessent.
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This is the third time Treasury has asked the industry to weigh in. It opened a second comment window last September.
.@POTUS and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework. @USTreasury welcomes input from stakeholders as we work to provide the regulatory…
— Treasury Secretary Scott Bessent (@SecScottBessent) August 17, 2026
Europe Already Ran This ExperimentThe US is not first. Europe’s Markets in Crypto-Assets (MiCA) rules set a similar test, and the result is on record.
Binance told European users on March 3, 2025 that eight tokens would go. USDT also led that list. Margin pairs were delisted on March 27 and converted to USDC automatically.
Spot pairs then followed on March 31. In its announcement, Binance pointed users toward USDC.
That is the pattern the GENIUS Act now sets up for America, only on a far larger base.
6 Altcoins That Could Benefit From the ProposalStablecoins hold about $300 billion across all chains, according to DefiLlama.
Total Stablecoin Market Cap. Source: DefiLlamaThe ranking below uses one measure. It is the share of each chain’s stablecoin supply that already sits with a licensed issuer.
Hyperliquid (HYPE)
Hyperliquid carries $6.18 billion in stablecoins. USD Coin (USDC), issued by Circle, makes up 97.8% of it. No other major chain leans so hard on a single licensed issuer. HYPE trades at $59.34, up 3.9%. It is also the only altcoin here in profit over 12 months, at 26.3%.
Arbitrum (ARB)
USDC covers 63.5% of Arbitrum’s $3.5 billion stablecoin base. Foreign-issued tokens face the tighter test, so that mix helps. ARB trades at $0.0749, up 1.2%.
Polygon (POL)
Polygon holds $3.03 billion in stablecoins, with USDC at 53.3%. A slim majority therefore sits with a chartered issuer. POL changed hands at $0.0781 after a 3.8% gain.
Solana (SOL)
Solana’s $15.33 billion base ranks third among all chains. USDC leads it at 43.5%, ahead of Tether (USDT). SOL trades at $75.84, up 0.9%.
Ethereum (ETH)
Ethereum hosts $146.57 billion in stablecoins, nearly half the global total. However, USDT holds 50.4% of that. The rest, about $73 billion, is the deepest non-Tether pool anywhere. Meanwhile, ETH price near $1,900 reflects a 1.4% gain to $1,904.24.
XRP
Ripple issues Ripple USD (RLUSD) and holds one of those conditional charters. More than half a billion dollars of RLUSD supply moved to XRPL. That network passed Ethereum as RLUSD’s main settlement venue in June. XRP trades at $1.002, up 0.3%.
6 Altcoins That Could Benefit From Treasury’s New Stablecoin RulesTron Holds the Largest Bet the Other WayTron carries $92.04 billion in stablecoins, second only to Ethereum. USDT makes up 97.9% of that. The chain therefore has almost no licensed alternative.
BeInCrypto reported in March that Tron’s USDT balance had passed Ethereum’s. TRX trades at $0.3313, up 0.1%.
Tether is not sitting still, however. It launched a US token called USAT in January through Anchorage Digital Bank. The company says USDT is working toward GENIUS Act compliance.
None of this promises a rally. Every altcoin listed except HYPE is down 58% to 86% over the past year. Monday’s moves also stayed under 4%. The comment file closes 60 days after Federal Register publication. That is where the real fight happens.
Binance has launched an $800,000 XRP reward campaign for eligible RLUSD holders, creating another incentive to use Ripple’s stablecoin on the exchange. At the same time, XRP Ledger activity has picked up, with Santiment recording its highest daily active-address count in more than two months.
How the RLUSD XRP Rewards WorkBinance’s campaign ran from July 17 through August 14, with XRP rewards distributed every Friday. Users needed to maintain at least 0.01 RLUSD in eligible Binance Earn or Margin accounts and record at least $500 in average daily Margin or Futures trading volume.
RLUSD held in Flexible Savings, or used as collateral in Cross Margin, Isolated Margin or Portfolio Margin accounts, could qualify. Users also had to complete KYC and live in an eligible jurisdiction.
The reward calculation used the lowest RLUSD balance recorded through hourly snapshots each day. Binance then applied the weekly effective APR to the seven-day average qualifying balance.
XRP Rewards Fell as the Campaign ProgressedThe headline reward pool was $800,000 worth of XRP, divided across four weekly distributions. The effective APR changed considerably during the campaign:
July 24: 22.25%July 31: 8.22%August 7: 8.08%August 14: 7.69%This decline shows why the headline APR should not be treated as a fixed return. Binance states that the rate can change each week depending on qualifying balances and other campaign factors.
RLUSD obtained through borrowing also faced restrictions. Binance applied a 60% haircut to the leveraged portion, while borrowed RLUSD recorded as a liability did not count toward the qualifying balance.
XRP Ledger Activity Sends a Different SignalWhile XRP sentiment has weakened, blockchain activity has moved in the opposite direction. Santiment reported 49,929 active XRP addresses within 24 hours, the highest level in more than two months.
😠 XRP negativity surged throughout this week as prices have failed to rally (so far). Crowd commentary is now at a 3-month bearish extreme across X, Reddit, Telegram, and other crypto channels.
⚡ The XRP Ledger, on the other hand, is not so quiet. $XRP just saw 49,929 active… pic.twitter.com/CmXxOHSYt0
— Santiment Intelligence (@SantimentData) August 14, 2026 The increase comes after XRP market value fell below $1, with retail commentary reaching a three-month bearish extreme across social platforms, according to Santiment.
This creates an interesting contrast, while market sentiment is weak, participation on the XRP Ledger is rising.
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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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Jane Street Group reported holding more than 1.2 million shares of Bitwise’s XRP ETF as of June 30, 2026, up from 20,605 shares three months earlier. The 60-fold increase appeared in the trading firm’s second-quarter Form 13F filed with the SEC.
The filing highlights Jane Street’s position in the XRP ETF market, but its role as a major market maker that actively trades ETFs and options means the holding should not necessarily be viewed as a simple long-term directional bet on XRP.
Jane Street’s Q2 2026 Form 13F covers holdings as of June 30. The filing reported more than 1.2 million Bitwise XRP ETF shares, compared with 20,605 ordinary shares at the end of the first quarter.
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The firm also reported exposure to XRP-related funds from Franklin Templeton, Grayscale, Canary Capital, and 21Shares. That places Jane Street across several XRP ETF products rather than solely in Bitwise’s fund.
Bitwise’s product stands out because it holds spot XRP, unlike other ETFs tracking the asset. The fund launched in November, a few weeks after Canary Capital’s ETF reached Wall Street, and has since become the largest of the group discussed in the filings.
The XRP increase in reported shares is substantial, but Jane Street’s market-making and ETF and options trading activities provide important context. The source material cautions that the position should not automatically be treated as a straightforward long-term bet on XRP.
The filing establishes the firm’s reportable securities position at the June 30 cutoff. On its own, that reported position does not establish Jane Street’s investment intention or the duration for which it plans to hold the shares.
Jane Street’s reported stake nevertheless makes it a leading participant in XRP ETF adoption among the institutions cited in the filings.
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Other Institutions Reporting XRP ETF PositionsBank of America reported 13,260 shares of the Volatility Shares XRP ETF, a position valued at about $76,000. Unlike Bitwise’s product, the Volatility Shares ETF is not a spot ETF.
The Bank of America Corporate Center serves as the company’s primary headquarters in Charlotte.Morgan Stanley reported positions in three XRP-related funds at the end of the second quarter: 6,715 shares of Franklin’s XRP ETF, 255 shares of REX-Osprey’s product, and 567 shares of Bitwise’s fund. The holdings are small relative to Morgan Stanley’s overall portfolio, but add to the list of institutions reporting regulated XRP exposure.
Other reported positions included nearly 200,000 Bitwise XRP ETF shares held by Wolverine Asset Management and 86,744 Capital XRP ETF shares reported by Gallacher Capital Management. Main Street Group and National Bank of Canada reported holding 5,261 and 3,848 XRP-related shares, respectively.
XRP has recorded its first weekly close below the important $1 level since the November 2024 rally helped it reclaim the mark.
The token fell below $1 several times last week, but buyers initially stepped in to protect the level. The first drop came on Tuesday, Aug. 11, 2026, when XRP slumped to $0.9910. Buyers responded almost immediately, helping XRP recover and end the day with a 1.03% gain.
The same thing happened on Thursday, Aug. 13, when XRP dropped to $0.9975. Buyers again defended the $1 area, allowing XRP to recover and close the day above $1 with a 0.38% gain.
However, the defense did not last. On Aug. 14, sellers pushed XRP down to a new yearly low of $0.9874. XRP eventually closed that day below $1, marking its first daily close under the level since the November 2024 rally.
Meanwhile, XRP recovered above $1 on Saturday, but sellers returned on Sunday. The token dropped to $0.9901 before closing the day and the week at $0.9925, representing the first weekly close below $1 since November 2024, when the rally had helped it move back above the psychological level.
XRP Continues to Test $1 XRP has moved back above $1 at the start of the new week, but the price remains in a weak position.
The token currently trades at $1.0002, only slightly above the key level. Its recent price action also shows repeated tests of $1, similar to the way it tested earlier support levels before breaking below them and turning those levels into resistance.
XRP Retesting $1 Notably, from mid to late June, XRP repeatedly tested the $1.1304 support. The token eventually lost that level on June 23, after which $1.1304 became resistance.
XRP later showed a similar pattern from late July to early August, when it repeatedly tested the $1.06 support. Sellers eventually broke that level on Aug. 6, and $1.06 has since turned into resistance.
XRP is now showing the same behavior around $1. The repeated tests may keep the level under pressure, especially after the token failed to hold it on a weekly closing basis.
Fibonacci Levels Show the Next Supports XRP has already fallen below the 0.888 Fibonacci retracement level at $1.0057. This leaves the Fibonacci 1 level as the next key support, around the Aug. 14 yearly low of $0.9874.
If XRP loses the $0.9874 area, the next support comes from the Fibonacci 1.272 level at $0.9443. Below that, traders may look toward the Fibonacci 1.414 level at $0.9226 as the next area where buyers could attempt to stop the decline.
These levels become important if XRP fails to regain $1 and hold above it. The recent breakdown also shows why reclaiming the psychological level could be important for preventing the current support from turning into another resistance zone.
Meanwhile, XRP’s daily RSI has fallen to 36.65, showing that bearish pressure remains strong. However, the indicator has not yet fallen below the 30 level, which means XRP has not reached the traditional oversold zone.
A short-term recovery remains possible, but the RSI also shows that XRP could fall further before reaching extreme oversold conditions.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
