Track market-moving stories before they get noisy

Gareth Soloway, a well-known technical analyst, predicted that XRP could see a price rally of between 50% and 100% before October, provided regulators deliver clearer rules for the cryptocurrency sector later this year. He shared his outlook during an appearance on The Paul Barron Show, emphasizing that regulatory clarity is the critical catalyst for any major upward move in XRP.

Key technical patterns and support levelsSoloway highlighted XRP’s recent volatility, noting the token briefly fell below $1, which set off stop-loss sales among retail investors and led to a surge in liquidations. However, he observed that the price quickly rebounded above $1, creating what he described as a possible bottoming tail—a pattern often interpreted as a sign of market support.

He identified support around $0.96 and $0.97, referencing the significant buying activity seen when XRP hit those levels. Soloway also pointed to a wedge pattern that has already broken to the upside, adding that such formations do not always result in immediate price gains, but XRP’s stability since the breakout suggests growing strength.

Soloway explained that although a breakout above a wedge pattern does not guarantee an instant rally, the fact that XRP did not experience further declines indicates what he called “green shoots”—early signals of potential recovery.

According to Soloway, these factors combine to paint a bullish technical picture for XRP at its current prices.

Regulatory developments and the Clarity ActSoloway’s optimistic forecast depends heavily on the possible passage of the Clarity Act in September. The Clarity Act, a proposed U.S. legislative bill, seeks to provide clear guidelines for digital assets and their classification, potentially removing longstanding regulatory uncertainties for projects like XRP and its issuer, Ripple.

If the bill comes into law, Soloway expects XRP to benefit directly, estimating an upside of 50% to 100%. Host Paul Barron commented that his research team views the bill as having a genuine chance of passing, although he remains personally cautious about its prospects.

Brad Garlinghouse, CEO of Ripple, has reportedly maintained a low public profile regarding the legislative process—an unusual approach for the company, which has frequently responded vocally to regulatory changes in the past.

Mini dictionary: Clarity Act, a proposed United States legislative bill, aims to clearly define and regulate digital assets by establishing better guidelines for their classification and compliance, directly affecting projects like Ripple and XRP.

Community reactions and skepticismThe prediction sparked debate among cryptocurrency enthusiasts online. One user argued that a large-scale XRP rally depends heavily on the Clarity Act becoming law; absent regulatory change, they suggested XRP could revisit lower levels around $0.80.

Others doubted XRP’s prospects altogether. A commenter contended that the token has already fulfilled its role in supporting Ripple’s expansion and transaction history, and continues to generate value for Ripple and its stakeholders even at more modest price points.

A section of the community noted that without significant regulatory action, XRP may struggle to move significantly beyond its current price band and could instead see renewed declines.

Markets watch for legislative outcomesThe outlook for XRP is now seen as closely linked to U.S. legislative decisions rather than solely chart trends. Soloway’s technical analysis offers reasons for short-term optimism, but his upper price targets depend on policymakers delivering long-awaited regulatory certainty.

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.

What a divergence between a 50 million token transfer to an unidentified address, a leverage buildup on Binance, and the worst week of ETF flows in 2026 tells us about where XRP goes next.

Summary

Ripple transferred 50 million XRP, worth approximately $50.5 million, to an unknown wallet address on August 13, 2026, with 1 million of those tokens subsequently moving to Binance.
Weekly net inflows into United States spot XRP ETFs collapsed 93 percent, from $14.86 million to just $1.01 million, for the week ending August 8.
Binance XRP futures open interest reached a 30-day high of 435.1 million tokens on August 12, with the 30-day Z-Score climbing to approximately 1.20.
Whale wallets are absorbing more than 10 million XRP per day, with large holder outflows from Binance accounting for 91 percent of total exchange outflows.
The CLARITY Act missed its pre-recess window in the Senate, pushing any legislative clarity on XRP’s commodity status to September at the earliest.

On the evening of August 13, blockchain trackers flagged a transfer that Ripple watchers have learned to treat as a signal rather than noise: 50 million XRP, worth $50.5 million at the time, left a Ripple-linked wallet and landed in an address with no public identity. The receiving wallet had already accumulated 150 million XRP earlier in the month. Within hours, 1 million of those tokens moved again, this time to an address associated with Binance. The remaining 49 million sat still. That same week, the seven United States spot XRP exchange-traded funds recorded their worst inflow figure of the year, while futures traders on the world’s largest crypto exchange piled into leveraged positions at a pace not seen in a month. Three distinct groups, three conflicting bets. The question is not whether something is happening beneath the surface of XRP’s stagnant price chart. The question is what.

The $50.5 million transfer and what Ripple’s wallet patterns reveal
The wallet that initiated the August 13 transfer, identified on-chain as RL18-VN, is not new to Ripple analysts. It is one of several “extra” wallets the company uses to move XRP outside its corporate treasury, typically routing tokens toward financial institutions, exchanges, and On-Demand Liquidity corridors. The wallet had received 150 million XRP in early August, likely sourced from Ripple’s monthly escrow operations, which release 1 billion XRP on the first of every month before re-escrowing 600 to 800 million of it.

What makes this transfer noteworthy is not the size alone. Ripple moves large quantities of XRP routinely. It is the combination of destination opacity and the subsequent 1 million XRP deposit to Binance. That smaller deposit could represent a liquidity test, a fee payment, or the beginning of a larger distribution. It could also be entirely unrelated to the main transfer. On-chain data does not reveal intent, only movement.

Three plausible explanations have circulated since the transfer was flagged. The first is that Ripple is seeding liquidity for an institutional custody client. The company announced partnerships with DXC Technology, Kyobo Life Insurance, and Thailand’s Kbank in the first half of 2026, all of which involve Ripple Custody infrastructure. A new custody onboarding could require pre-positioned XRP for staking, settlement testing, or wallet provisioning. The second explanation centers on RLUSD expansion. Ripple’s dollar-backed stablecoin now sits at roughly $1.78 billion in market capitalization and spans more than 40 blockchain networks. RLUSD minting on the XRP Ledger requires base layer liquidity, and large XRP movements have historically preceded minting surges. The third, and least popular among Ripple supporters, is simple selling. Ripple has been transparent about using XRP sales to fund operations, and a 50 million token transfer to an intermediary wallet followed by exchange deposits fits that pattern.

None of these explanations can be confirmed from on-chain data alone. The transfer is a Rorschach test for market participants, and what they see in it says more about their positioning than about Ripple’s plans.

The ETF flow drought and what it signals about institutional appetite
The week ending August 8 was supposed to be unremarkable for XRP ETFs. Instead, it became a data point that crystallized a problem the market had been slow to acknowledge: institutional demand for spot XRP exposure is evaporating.

Net inflows across the seven United States spot XRP ETFs fell to $1.01 million, a 93 percent decline from the $14.86 million recorded the prior week. Net assets across the products slipped to $964 million. For context, XRP ETF inflows in April 2026 totaled $81.63 million, and May saw $131.94 million, making it the best inflow month of the year. The collapse happened in the same week that Bitcoin and Ethereum ETFs attracted nine-figure inflows, underscoring that the problem is specific to XRP, not a broad risk-off move.

Several factors contributed to the drought. The Senate set aside the CLARITY Act on July 27 to address other legislative business before its August recess. The bill, which would codify XRP’s digital commodity classification into federal statute and hand oversight to the Commodity Futures Trading Commission, cannot receive a vote until lawmakers return on September 14. Without the legislative backstop, the March 2026 joint SEC-CFTC interpretation classifying XRP as a digital commodity remains an administrative opinion, not law. Institutional allocators, already cautious about a token trading 71 percent below its July 2025 cycle high of $3.65, appear unwilling to increase exposure while the regulatory framework rests on an interpretation that a future administration could reverse.

The ETF flow data also exposes a structural tension in XRP’s market. Ripple landed partnerships with JPMorgan, Deutsche Bank, and SBI in 2026, but these deals primarily involve Ripple’s payments infrastructure and RLUSD instead of XRP as a bridge currency. The company is winning. The token is not capturing the value.

Binance futures open interest and the leverage buildup
While ETF desks went quiet, derivatives traders went the other direction. Binance XRP futures open interest hit 435.1 million tokens on August 12, surpassing its 30-day average and registering a Z-Score of approximately 1.20. Across all exchanges, total open interest reached 2.67 billion XRP in early August, with the Binance buildup representing a 19 percent jump in just over a week.

A rising open interest figure alongside a flat or declining spot price typically means one of two things. Either traders are building long positions in anticipation of a catalyst, or short sellers are piling in to bet on further downside. The funding rate data leans slightly positive, suggesting a marginal long bias, but the signal is not strong enough to draw a definitive conclusion.

What is clearer is the risk this positioning creates. High open interest on a thin spot book means that a sharp move in either direction will trigger cascading liquidations. If XRP breaks above $1.05, the level that served as support until August 6, short liquidations could accelerate a move toward $1.10 or higher. If it breaks below $1.00, long liquidations could push the price into the $0.90 range that has not been tested since early 2026. The total open interest figure of 2.67 billion XRP across all exchanges represents a notional value exceeding $2.7 billion, more than double the $964 million sitting in ETF products. In other words, the derivatives market is now significantly larger than the regulated spot market for XRP, a structural imbalance that amplifies both the potential reward and the potential damage of any catalyst.

The leverage buildup also reveals a market that is pricing in a binary outcome. Traders are not positioning for drift. They are positioning for resolution, whether that comes from a Ripple announcement, a legislative surprise, or a broader crypto market move that drags XRP along.

Whale accumulation and the retail divergence
The most striking feature of XRP’s August market structure is the gap between what large holders are doing and what everyone else is doing. Whale wallets, defined as addresses holding more than 10 million XRP, are accumulating at the fastest pace since the post-ETF-listing period. On August 11, when XRP tested $1.00, whales absorbed more than 380 million tokens. Large holder outflows from Binance now account for 91 percent of total exchange outflows, the highest concentration since 2024.

Mid-tier whales, wallets holding between 10 million and 100 million XRP, have added roughly 1.23 billion tokens year-to-date, lifting the cohort from about 10.97 billion to 12.2 billion. The accumulation is not speculative day-trading. The tokens are moving off exchanges and into cold storage or custodial wallets, suggesting holders with longer time horizons.

Retail participation, by contrast, has cratered. Google search interest for “XRP” sits near its 2026 low. Social media engagement metrics tracked by Santiment and LunarCrush show declining mention volumes. The three conditions analysts identified for an XRP recovery, sustained ETF inflows, legislative progress, and a return of retail momentum, remain unfulfilled.

This divergence is not unprecedented in crypto markets. Large holders often accumulate during periods of retail apathy, building positions at prices that look unattractive to smaller participants. Bitcoin saw a similar pattern in late 2022, when whale wallets accumulated aggressively at $16,000 to $17,000 while retail volume collapsed. Ethereum experienced a comparable divergence in mid-2023 before its rally above $2,000. Whether the XRP accumulation proves similarly prescient depends entirely on what catalysts materialize in the months ahead, and the historical parallels cut both ways: not every period of whale accumulation precedes a rally, and large holders have been wrong before.

RLUSD’s expanding footprint and the XRP paradox
Ripple’s stablecoin has quietly become one of the most important variables in the XRP equation, though not in the way most XRP holders would prefer. RLUSD surpassed $1 billion in supply on Ethereum alone earlier this year and now sits at approximately $1.78 billion in total market capitalization across more than 40 blockchain networks.

The stablecoin’s growth trajectory is impressive by any measure. Mastercard launched 24/7 settlement capabilities using RLUSD on the XRP Ledger. Aave integrated RLUSD with a $50 million lending pool cap. Abu Dhabi’s Financial Services Regulatory Authority recognized it as an Accepted Fiat-Referenced Token. Ripple introduced Ripple Mint, a unified platform for institutions to access, mint, redeem, and manage the stablecoin. The Bank of New York Mellon serves as primary custodian for RLUSD reserves.

Yet RLUSD’s success creates a paradox for XRP. Ripple’s payment corridors increasingly use fiat and RLUSD rather than XRP as a bridge currency. The company’s most significant institutional partnerships in 2026, including the JPMorgan tokenized Treasury settlement and the Deutsche Bank integration, route value through Ripple’s infrastructure without requiring XRP as an intermediary. In May, Ripple raised $200 million from Neuberger Berman to expand Ripple Prime, its institutional trading and lending platform. The capital raise valued the company’s infrastructure independently of XRP’s token price.

This does not mean XRP is irrelevant to Ripple’s ecosystem. The XRP Ledger remains the base layer for a significant portion of RLUSD activity, and XRP serves as gas for transactions on that network. Validator incentives, staking through Ripple Custody partnerships, and potential future protocol changes could increase XRP’s utility. But the current trajectory suggests that Ripple’s corporate success and XRP’s token price have partially decoupled, a reality that most price prediction models struggle to incorporate.

The CLARITY Act and the regulatory vacuum
The CLARITY Act’s failure to reach a Senate floor vote before the August recess removed the single largest near-term catalyst for XRP’s price. The bill would have written XRP’s commodity classification into federal law, replacing the March 2026 joint SEC-CFTC interpretation with something durable. Without it, XRP’s legal status sits in a gray zone: recognized as a digital commodity by the current administration’s regulators but lacking the statutory protection that would survive a change in leadership.

The Senate filed a cloture motion on August 8 but never advanced the bill to a vote. Polymarket’s prediction contract for the CLARITY Act to be signed into law by the end of 2026 fell to approximately 14 percent. The Senate does not return to legislative business until September 14, and crypto regulation will compete with appropriations, judicial nominations, and other priorities for floor time.

For institutional investors, the regulatory vacuum creates a specific problem. Portfolio mandates at pension funds, endowments, and registered investment advisors often require assets to have clear regulatory classification before allocation limits can be set. The SEC-CFTC interpretation provides some comfort, but it is not the same as a statute. Until the CLARITY Act or equivalent legislation passes, XRP will likely remain underweight in institutional portfolios relative to Bitcoin and Ethereum, both of which have clearer legal standing.

NEW: Coinbase has enabled Trade at Settlement for $XRP futures on May 1, placing XRP alongside Bitcoin, Ethereum, gold and crude oil for institutional block trading pic.twitter.com/d00uPssPxy

— crypto.news (@cryptodotnews) May 3, 2026

The opposing case: why the mystery transfer may mean nothing
The strongest argument against reading significance into Ripple’s $50.5 million transfer is that Ripple moves far larger sums routinely. In a single week in July, the company moved 300 million XRP, worth $652 million, through similar wallet patterns. The RL18-VN wallet is a known operational address, not a new or unusual destination. The 1 million XRP deposit to Binance represents 2 percent of the total transfer and could be a routine exchange deposit for any number of operational purposes.

The ETF flow collapse, while dramatic in percentage terms, represents a shift from a small number to a smaller number. Weekly inflows of $14.86 million were already modest by the standards of the Bitcoin and Ethereum ETF markets. The 93 percent decline is mathematically striking but may simply reflect a quiet week instead of a structural shift.

The futures open interest buildup could unwind without a dramatic price move. Open interest rises and falls with market maker positioning, hedging activity, and basis trades that have nothing to do with directional conviction. A 30-day high is notable but not historically extreme.

What would invalidate the thesis that Ripple is preparing for a significant liquidity event? If the 49 million XRP in the unknown wallet move back to a Ripple treasury address or are re-escrowed, that would suggest the transfer was routine treasury management. If whale accumulation reverses and large holders begin depositing to exchanges, the “smart money” narrative collapses. If the CLARITY Act fails entirely and Ripple’s institutional partners proceed without requiring XRP exposure, the token’s structural demand problem would worsen regardless of any single wallet transfer.

What to watch
The next 72 hours will clarify whether the remaining 49 million XRP move to an exchange, to an institutional counterparty, or stay dormant. Tracker alerts from Whale Alert and XRPL Monitor will provide real-time updates.

Weekly ETF flow data, published each Friday by ETF providers, will show whether the August 8 collapse was an anomaly or the beginning of a sustained withdrawal of institutional interest. Two consecutive weeks below $5 million would mark the weakest stretch since the ETFs launched.

Binance open interest data, available in real time through Coinalyze and CoinGlass, will indicate whether the leverage buildup resolves through liquidation or orderly position closing. A sudden drop in open interest paired with a price spike in either direction would signal forced liquidation.

RLUSD minting activity on the XRP Ledger, trackable through XRPL explorers, could confirm or deny the hypothesis that the XRP transfer is linked to stablecoin operations. A minting surge within days of the transfer would be the strongest circumstantial evidence connecting the two events.

The Senate’s September 14 return date is fixed. Any indication from Senate leadership about the CLARITY Act’s priority ranking in the fall calendar will move prediction markets and, by extension, XRP’s price.

Why did Ripple move 50 million XRP to an unknown wallet?
Ripple has not disclosed the purpose of the August 13 transfer. On-chain analysis shows the receiving wallet, linked to Ripple’s RL18-VN operational address, has been used previously to route XRP to financial institutions, exchanges, and On-Demand Liquidity corridors. The 1 million XRP subsequently sent to Binance suggests at least partial exchange-related activity, but the remaining 49 million tokens have not moved as of August 14.

How much did XRP ETF inflows drop in August 2026?
Weekly net inflows into the seven United States spot XRP ETFs fell 93 percent, from $14.86 million to $1.01 million, for the week ending August 8, 2026. Net assets across all XRP ETF products declined to $964 million. This marked the weakest weekly inflow figure since the ETFs launched in late 2025.

What is XRP’s price as of August 14, 2026?
XRP traded between $0.99 and $1.03 on August 14, 2026, hovering near the psychologically significant $1.00 level. The token is approximately 71 percent below its cycle high of $3.65, set on July 17, 2025, and has traded in a narrowing range since early August.

What is the CLARITY Act and why does it matter for XRP?
The CLARITY Act is proposed federal legislation that would codify XRP’s classification as a digital commodity into United States law and assign oversight to the Commodity Futures Trading Commission. Currently, XRP’s commodity status rests on a March 2026 joint SEC-CFTC interpretation, which is an administrative opinion rather than a statute. The Senate set the bill aside before its August recess and does not return until September 14.

Why is Binance XRP futures open interest rising while the spot price is flat?
Binance XRP futures open interest reached 435.1 million tokens on August 12, a 30-day high, despite XRP’s spot price remaining range-bound near $1.00. This pattern typically indicates that traders are positioning for a large directional move instead of trading current momentum. The slightly positive funding rate suggests a marginal long bias, but the buildup could also reflect hedging activity or basis trades.

What is RLUSD and how does it affect XRP?
RLUSD is Ripple’s dollar-backed stablecoin, currently at approximately $1.78 billion in market capitalization across more than 40 blockchain networks. While RLUSD’s growth validates Ripple’s infrastructure, it creates a paradox for XRP because Ripple’s payment corridors increasingly use RLUSD instead of XRP as a bridge currency. The XRP Ledger remains RLUSD’s base layer, but the token’s role as a transactional intermediary has diminished.

Are whales accumulating or selling XRP in August 2026?
Whales are accumulating. Large holder outflows from Binance account for 91 percent of total exchange outflows, the highest concentration since 2024. Wallets holding between 10 million and 100 million XRP have added roughly 1.23 billion tokens year-to-date. On August 11, whales absorbed more than 380 million XRP during the test of the $1.00 level.

What would invalidate the thesis that Ripple is preparing a major liquidity event?
If the 49 million XRP remaining in the unknown wallet return to a Ripple treasury address or are re-escrowed, the transfer was likely routine treasury management. If whale accumulation reverses and large holders begin depositing to exchanges, the “smart money” narrative would collapse. If the CLARITY Act fails entirely and Ripple’s institutional partners proceed without requiring XRP exposure, the token’s demand outlook would weaken regardless of any single transfer. This is educational analysis, not investment advice.

Disclosure: This article is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry significant risk, including the potential loss of all capital. The author and crypto.news do not hold positions in XRP, RLUSD, or any Ripple-affiliated products mentioned in this article. Always conduct your own research before making investment decisions. Published August 14, 2026.

Ripple’s XRP traded close to the key $1.00 support level on Friday, slipping nearly 1% over the previous 24 hours. The cryptocurrency’s price hovered around $1.004, drawing heightened attention from market participants as it approached this psychologically significant threshold.

Institutional inflows and whale accumulationDespite the ongoing correction, institutional demand for XRP remained notable through US-listed spot XRP Exchange-Traded Funds. According to data compiled by CoinGlass, these funds registered $2.25 million in net inflows as of Thursday, with a potential for five consecutive weeks of net investments if positive momentum held through Friday’s trading session.

These durable inflows indicated that institutional investors continued to gain exposure to XRP even during periods of price weakness. The steady ETF demand suggested the possibility of absorbing available supply and helping to cushion the token against further downside, though experts noted that the relatively modest size of the recent flows would require persistent buying interest for a stronger impact on price action.

On-chain analytics from CryptoQuant revealed that large XRP holders, often termed “whales,” actively accumulated positions. Throughout the year, large spot order sizes were dominant as XRP traded in the $1.00 to $1.20 range. The presence of such buyers near current support levels indicated that key market players may regard this area as attractive for longer-term accumulation.

However, the 90-day taker Cumulative Volume Delta, which tracks aggressive buying versus selling pressure, recently returned to neutral. This pattern implied that accumulation was unfolding at a gradual pace without triggering a rapid upward move in price.

XRP’s risk-to-reward profile has improved, signaling the possibility that the ongoing decline is maturing. Still, the lack of strong taker demand leaves the market without confirmation of a lasting bottom.

The combination of persistent ETF inflows and whale participation provided the foundation for cautious optimism among bulls. Yet, market analysts emphasized that the absence of a clear surge in taker demand suggested traders remained hesitant to commit fully to a sustained rebound.

XRP’s technical landscape and potential recoveryTechnically, XRP continued to display bearish signals. The token traded below several major moving averages: the 50-day EMA at $1.087, the 100-day EMA at $1.169, and the 200-day EMA at $1.362. The positioning of price beneath these key averages indicated that sellers retained control over both medium- and long-term trends.

Momentum indicators reinforced the cautious outlook. The Relative Strength Index (RSI) registered 36—still beneath the neutral 50 level, but not yet in oversold territory. Meanwhile, the MACD remained negative, further reflecting sustained bearish momentum.

Immediate support stood at $1.00, with traders closely watching whether buyers could defend this level and prevent a further drop. Upholding support here was deemed crucial for any potential near-term recovery.

If bullish momentum builds, the 50-day EMA at $1.087 serves as the first significant resistance. Closing above this point could enable a move toward the 100-day EMA at $1.169 and resistance at $1.300, with more distant targets seen at the 200-day EMA and the $1.900 barrier.

Amid this technical environment, the broader financial sector is experiencing a shift, as investors increasingly turn to decentralized platforms. While traditional brokers play a central role in legacy markets, Wall Street’s move toward Web3 is accelerating. Now, platforms such as 1stepSwap enable investors to hold shares of leading US companies, commodities like gold and silver, and other real-world assets directly in crypto wallets. By tokenizing these assets and securing optimal prices within seconds, such solutions effectively eliminate the need for intermediaries.

For now, cautious optimism surrounds XRP, with ETF inflows and whale accumulation providing support. Market participants are watching for a decisive move above key short-term moving averages to confirm any substantial recovery from current levels.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

TLDR XRP closed at $1.000 on Aug. 12, its lowest daily close since November 2024. The price sits about 69% below its January 2025 peak near $3.30. Active addresses rose roughly 35% in August, but new-address creation stayed flat. CryptoQuant data shows transaction counts climbing for six straight days. Selling pressure has increased, with the Exchange Supply Ratio hitting a six-week high. XRP traded near $1 on Aug. 13, marking its lowest level since November 2024. The token closed at $1.000 the day before, a level it had not touched in over a year.

That price sits about 69% below XRP’s January 2025 peak of roughly $3.30. The token had climbed even higher in July 2025, reaching close to $3.65 and pushing its market cap above $200 billion.

XRP (XRP) Price: Drops 69% Below January 2025 Peak As of writing, XRP traded at $1.0082, down 1.5% on the day. Trading volume dropped 28% over the same period, pointing to lighter market activity.

Analytics firm Santiment posted on X that the drop is stark. The firm wrote that price closed at roughly $1.00 on Aug. 12, “the lowest daily close since Nov 2024 and roughly 69% below the January 2025 peak.”

Santiment added that ledger activity picked up anyway. Active addresses averaged about 35,700 a day in August, up from around 26,400 in July, with Aug. 11 marking the busiest day since June 5.

$XRP just closed at its lowest since November 2024, and the on-chain read is more interesting than the price.

📉 Price closed at ~$1.00 on Aug 12, the lowest daily close since Nov 2024 and roughly 69% below the January 2025 peak near $3.30.

📊 Activity picked up anyway. Active… pic.twitter.com/3JcxJjWNFd

— Santiment Intelligence (@SantimentData) August 13, 2026

Active Addresses Rise, New Users Stay Flat That increase in active addresses works out to a jump of nearly 35%. It means existing holders are transacting more often, not that more people are joining the network.

New addresses tell a different story. They averaged about 2,260 per day in August, almost matching July’s 2,270, showing no real growth in fresh participants.

CryptoQuant data shows transaction counts rising for six straight days, climbing from 1.3 million to 2.49 million. This lines up with Santiment’s activity figures, though it still reflects existing users rather than new ones.

Large-holder wallets tell another piece of the story. Wallets holding at least 1 million XRP grew by 32 over three months, even as the token’s market cap fell 29% in that same window.

Institutional Interest Grows Corporate use of XRP continues alongside the price drop. Anodos Finance co-founder Panos Mekras said his company has held and used XRP for treasury purposes and employee payments since 2023.

Ripple CEO Brad Garlinghouse has pointed to a broader opportunity, noting that businesses handle about $16 trillion a year in payments and clearing activity. He said digital assets currently make up close to zero percent of that flow.

CME Group launched continuous crypto trading with Ripple Prime as a clearing partner. XRP futures had already crossed $1 billion in open interest within three months of listing.

On the selling side, XRP’s Exchange Supply Ratio climbed to 0.026, its highest point in six weeks. A rising ratio typically means more tokens are moving toward exchanges, a sign sellers are more active than buyers.

The Awesome Oscillator has stayed negative for two straight weeks, another sign sellers hold control of the market. Meanwhile, the Average True Range shows volatility easing, meaning price swings have gotten smaller.

That combination suggests XRP may keep hovering near the $1 level until buying pressure returns. As of this writing, XRP remains priced at $1.0082.

XRP (CRYPTO: XRP) may be under pressure, but large investors are capitalizing on the lower prices to accumulate more.

Whales Accumulate XRPLeading cryptocurrency analyst Ali Martinez highlighted in an X post that whales scooped 72 million XRP tokens on Thursday, which at current prices amounted to $72 million.

“I wonder what they know that we don’t… Are they preparing for a bull rally?” Martinez said.

The sixth-largest cryptocurrency traded near $1 support after a sharp 68% decline from 2025 highs. The coin has slid over 9% in a month.

The Bull and Bear CaseNetwork activity, however, has moved in the opposite direction. Active addresses have averaged around 35,700 per day in August, compared with around 26,400 in July.

Earlier this month, Martinez identified $1.06 as the decisive level for XRP, adding that if the coin can maintain a value above $1.06, bulls might push the price to $1.35 and $1.64. However, if it falls below this level, the cryptocurrency could plummet to $0.80 or even $0.62.

What Prediction Market ThinksThe Moving Average Convergence Divergence indicator, which compares the 12-period and the 26-period exponential moving averages, flashed a “Sell” signal for XRP, according to TradingView.

Conversely, the Commodity Channel Index, which measures the difference between the current price and the historical average price, signaled a “Buy.” The Relative Strength Index hovered just below the neutral centerline, meaning a balance between buying and selling pressure.

Meanwhile, Polygon (CRYPTO: POL)-based Polymarket currently gives only a 6% chance of XRP bettering its all-time high of $3.84—set in January 2018—before the end of the year

Price Action: At the time of writing, XRP was exchanging hands at $1, down 0.64% in the last 24 hours, according to data from Benzinga Pro.

Photo courtesy: Mehaniq on Shutterstock.com

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Morgan Stanley has reported new investments in three XRP exchange-traded funds (ETFs) and disclosed shares in a Ripple-backed SPAC, according to a regulatory filing submitted to the US Securities and Exchange Commission for the second quarter of 2026. The bank currently manages over $1.9 trillion in assets.

Details of Morgan Stanley’s XRP ETF HoldingsThe 13F filing lists 6,715 shares in the Franklin XRP ETF, 255 shares in the REX-Osprey XRP ETF, and 67 shares in the Bitwise XRP ETF. These positions add to Morgan Stanley’s earlier holdings in Grayscale’s XRP fund and the Volatility Shares XRP ETF reported in the first quarter of 2026.

Morgan Stanley also holds 50,540 shares in Armada Acquisition Corp II, a special purpose acquisition company (SPAC) aligned with Evernorth Holdings, which is backed by Ripple. This announcement closely follows JPMorgan Chase’s disclosure of its own investments in both Bitwise and Grayscale XRP funds, as well as a stake in the same SPAC.

Spot XRP ETFs in the US registered $2.25 million in net inflows this week, but total assets under management dipped from their previous peak, reflecting shifts in institutional interest amid changing market dynamics.

While the new XRP ETF allocations represent an expansion of Morgan Stanley’s digital asset exposure, they remain small in comparison to the bank’s broader cryptocurrency holdings, which are dominated by larger investments in Bitcoin and Ethereum products. Still, analysts view the continued accumulation as a sign of growing institutional comfort with the XRP market.

XRP Fund Flows and Market ActionInstitutional demand for US spot XRP ETFs remained evident this week, with net inflows reaching $2.25 million. The Bitwise XRP ETF stood out as the only product in its category to post positive flows, while Bitcoin ETFs faced outflows during the same period.

According to SoSoValue, cumulative inflows into XRP funds have reached $1.51 million since their launch. However, assets under management in XRP ETFs declined to $942.25 million, down from a previous high above $1.25 billion, as some investors took profits or reallocated assets.

Despite the rise in institutional interest, the price of XRP remained steady, trading near $1.01 within a 24-hour window. During this period, XRP’s lowest price was $0.998, while the highest touched $1.01. Trading volumes for XRP fell 22% over the prior day, but the total number of wallets holding more than one million XRP coins grew, suggesting accumulation among large holders.

XRP futures activity showed divergent trends, with total open interest declining 1.23% to $2.69 billion, while open interest on Chicago Mercantile Exchange (CME) products rose 1.84% in just one hour, hinting at renewed institutional activity in derivatives markets even as spot prices stayed stable.

Technical analysis points to significant resistance for XRP around the $1 level, with traders watching for a decisive close above trendline resistance to shift market sentiment away from recent selling pressure.

The RWA Trend and Institutional TokenizationAs institutional adoption of tokenized products increases, a broader transformation is occurring in asset management. Instead of relying on intermediaries, investors are beginning to use Web3 platforms that simplify market access. Wall Street institutions are moving toward models that tokenize real-world assets (RWAs), such as shares of major US companies, gold, and silver. Platforms like 1stepSwap allow these assets to be held directly in crypto wallets, enabling instant price discovery and the elimination of middlemen through automated technology.

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.

Banking giant Morgan Stanley has confirmed exposure to several XRP exchange-traded funds.

The firm's second-quarter 2026 Form 13F filing shows positions across the Franklin XRP ETF, REX-Osprey XRP ETF and Bitwise XRP ETF. 

The disclosure is quite significant because Morgan Stanley is one of the world's largest investment banks and wealth-management firms. 

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Growing institutional exposure XRP has been persistently showing up on multiple ETF filings. For instance, Militia Capital Management recently filed an amended 13F with the U.S. Securities and Exchange Commission on Aug. 13. The position was valued at roughly $478,000.  

SEC records, for example, show institutional holdings of the Bitwise XRP ETF and the REX-Osprey XRP ETF in first-quarter filings.

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Bank of Montreal has also reported XRP exposure in its second-quarter filing. For context, it is one of Canada's largest banks.

XRP-related ETFs have attracted positions from a range of wealth managers, banks and institutional investors. 

XRP's plunge below $1In the meantime, the XRP price has plunged below the $1 mark on Binance. 

This is the first time it has traded below $1 since November.

XRP has had a particularly poor 2026. It has lost about 46% of its value and underperformed Bitcoin by roughly 31%. 

The cryptocurrency has severely underperformed despite growing institutional adoption and steady ETF inflows. 

Moreover, recent positive developments within the Ripple ecosystem have failed to boost its price. 

At the same time, there has been a notable surge in trading activity. 

A long-term XRP holder has delivered a scathing public critique of Ripple CEO Brad Garlinghouse, voicing frustration over the company’s approach to XRP and alleging that Garlinghouse has not acted in the best interests of dedicated investors.

The critique came from XrpHubby, an outspoken member of the XRP Army, who posted a sharply worded message on X. According to XrpHubby, Garlinghouse and Ripple benefited financially as the company expanded, while leaving XRP holders feeling misled about the cryptocurrency’s intended use.

In his post, XrpHubby accused Ripple of employing “riddles” and misleading communication, suggesting that executives always knew XRP would not be adopted as holders had anticipated. He further asserted that the current price of XRP does not reflect natural market activity, raising doubts about its transparency and underlying demand.

Over years of holding through intense market events and regulatory battles, XrpHubby expressed that the price is “NOT organic at all” and called for Garlinghouse to take meaningful action on behalf of dedicated XRP investors.

XrpHubby remains committed to XRP despite these frustrations, having continued to hold through the extended legal dispute with the SEC and a significant market downturn since Donald Trump took office. He revealed that his XRP Gemini card is “MAXED OUT,” highlighting ongoing engagement with the token.

The central demand from XrpHubby was for Garlinghouse to more actively support the interests of XRP holders. He emphasized the need for direct action rather than vague promises, stating a desire for the CEO to genuinely represent the community’s interests.

Concluding the message, XrpHubby urged Garlinghouse to read the criticism and reconsider his priorities, hoping for a response that would restore confidence among XRP investors.

Differing views among XRP supportersThe post triggered a wide range of reactions across the XRP community. Some holders expressed support for Garlinghouse, including users like My2Cents, who described the Ripple CEO as a hero and maintained confidence in the project’s future.

Others challenged XrpHubby’s approach. Brian criticized the public airing of grievances, noting that substantial investors often stay committed to their investment strategy without similar complaints. Meanwhile, another community member, XRP_87, took a pragmatic stance, stating they had sold near previous highs and predicted that XRP would never exceed $10, countering the more optimistic forecasts within the community.

Within the XRP community, responses to the criticism highlighted sharply divergent perspectives on Garlinghouse, Ripple, and the asset’s potential, reflecting broader uncertainty and debate about the project’s direction.

While XRP holders continue to monitor key developments and market trends, broader digital asset markets are undergoing major changes. Wall Street’s shift toward Web3 and tokenized Real-World Assets (RWAs) is transforming traditional investment channels. Platforms such as 1stepSwap now enable investors to directly hold stocks, gold, and silver in their crypto wallets, using automated technology to find optimal market prices and eliminate intermediaries.

The ongoing debate underscores persistent demands for accountability from Ripple’s leadership and ongoing confidence among some holders in the long-term future of $XRP, despite regulatory and market 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.

JPMorgan, with AUM of $5.1 trillion, has revealed its quarter two (Q2) report with the U.S SEC. Its latest SEC filing shows a sharp rise in Bitcoin exposure and a 338% jump in Ethereum ETF holdings.

The bank also returned to XRP through two ETF positions and added a new position in the Bitwise Solana Staking ETF.

JPMorgan Doubles Down on Bitcoin ETF ExposureAccording to JPMorgan’s Q2 2026 13F filing, the bank held a combined 10.4 million shares of BlackRock’s IBIT, worth about $355.7 million as of June 30. These shares appear across three separate IBIT fund entries in the filing and add up to the reported total. 

That marks a sharp increase from the first quarter, when JPMorgan reported about 8.3 million IBIT shares worth nearly $162 million.

JPMorgan’s options position also shifted during the quarter. IBIT call options increased to 3.94 million, while put options dropped from 4.75 million to about 3.5 million.

The increase comes even as Bitcoin ETF flows have remained unstable. U.S. spot Bitcoin ETFs recorded $131.1 million in net outflows on Aug. 13, following a much larger $61.16 million outflow on Aug. 12.

Ethereum ETF Exposure Jumps 338%JPMorgan’s Q2 filing also showed a much larger position in BlackRock’s iShares Ethereum Trust (ETHA). The bank held nearly 1.17 million ETHA shares worth about $14.3 million, marking a 338% increase from the previous quarter.

The ETHA position shows that JPMorgan has increased its exposure to both Bitcoin and Ethereum through U.S.-listed ETF products.

However, the size of the Bitcoin position remains much larger. JPMorgan’s IBIT holdings are more than 20 times the value of its reported ETHA position.

JPMorgan Added XRP Back Through ETFsThe biggest surprise in the filing may be JPMorgan’s return to XRP.

The bank’s Q1 filing showed that its Bitwise XRP ETF position had fallen from 3,870 shares to zero. The latest filing reverses that move, showing fresh exposure through both the Bitwise XRP ETF and Grayscale XRP Trust ETF.

The Bitwise position was worth about $1,356, while the Grayscale XRP ETF holding was valued at roughly $3,763.

JPMorgan also reported 19,894 shares of Armada Acquisition Corp II, worth approximately $207,295. The company is linked to a Ripple-backed deal and trades under the XRPN ticker.

In addition, JPMorgan initiated a new position in the Bitwise Solana Staking ETF (BSOL), holding roughly 47,500 shares.

The next 13F filing, expected in November, will show whether the bank continued adding Bitcoin, Ethereum, and XRP exposure during Q3 or reduced its positions.

Story Ends Here

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This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH) This week, Ethereum hugged the key support at $1,800 with a minor loss of 2%. While this puts sellers in a more favorable position, they will need to break the support if they want to take the initiative.

The current ETH price action shows significant weakness after forming a lower high just below $2,000. Buyers were not able to claim that level as support; this is why bears are returning.

Looking ahead, Ethereum will likely test $1,800 again. If that level fails to hold, this cryptocurrency may revisit the support at $1,500, where buyers finally returned in early July.

Source: TradingView Ripple (XRP) XRP has had a difficult week, struggling to hold above $1. The price also fell by nearly 3% and is inches away from turning $1 into a key resistance. All it takes is one more push by sellers.

If $1 becomes resistance, this will only prolong the current downtrend, which started in August 2025. Since this is also a major psychological level, any loss of support will be costly and see buyers retreat much lower, with the next key support level at $0.80.

Looking ahead, this cryptocurrency has a very low chance of reversing its current downtrend, especially after the price fell from two identical pennants. This only reconfirmed that bears are in total control over the price.

Source: TradingView Cardano (ADA) Cardano started the month well, but now sellers have returned and pushed the price 10% lower this week alone. That’s bad news for bulls, which may have retreated already to the key support at 15 cents.

Should this corrective move continue, then a re-test of $0.15 is very likely. That level has to hold if ADA hopes to avoid new lows. Any weakness there could suddenly see the price spike much lower.

Looking ahead, it appears Cardano could also end up consolidating above the key support if buyers manage to stabilize the price in this area. A consolidation period would be healthy after its prolonged downtrend that started in 2025.

Source: TradingView Binance Coin (BNB) Binance Coin closed the week 3% higher after confirming support at $580. If sellers don’t return here, then BNB has a good chance to continue higher and towards the key resistance at $690.

At the time of this post, this cryptocurrency is trading around $610. As long as the price is above $600, buyers will have an advantage in terms of momentum. However, the buy volume remains low.

Looking ahead, BNB could be forming a large rounded bottom around current levels. That will be confirmed if the price moves above $630. If so, a test of $690 becomes more likely in the future.

Source: TradingView Hype (HYPE) HYPE remained flat on the weekly timeframe and was rejected at the $58 resistance. If nothing changes in the days to come, then the price could revisit the key support at $52.

So far, this cryptocurrency has been making lower lows and lower highs since its all-time high at $76 back in June. Considering its significant rally in the first part of the year, the current correction could also last a while.

Looking ahead, the most decisive level on the chart is found at $52. This key support has stopped sellers from making new lows, but it could be retested again soon, which could be interpreted as bearish. Best to be patient here and follow the price.

Source: TradingView Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

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XRP (CRYPTO: XRP) recently made its lowest daily close since November 2024, but rising network activity and developments suggest the underlying XRP ecosystem remains active.

More Activity but no New UsersIn an X post on Aug. 13, Santiment data shows XRP closed around $1 on Aug. 12, its lowest daily close since November 2024 and roughly 69% below its January 2025 peak near $3.30.

Network activity, however, is moving in the opposite direction.

Active addresses have averaged around 35,700 per day in August, compared with around 26,400 in July.

The catch is that new-user growth remains stagnant as they averaged roughly 2,260 per day this month versus 2,270 in July.

This suggests the increase in activity is being driven by existing XRP users rather than an influx of new participants. In other words, network usage is rising, but the user base isn’t expanding alongside it.

Evernorth Adjusts XRP Treasury DealEvernorth announced changes to its transaction with Armada II as it works toward a planned Nasdaq listing. The transaction was originally structured when XRP traded around $2.36.

With XRP substantially lower, Evernorth said the amended terms will adjust the share count based on XRP’s value at closing.

The goal is to keep the company’s capitalization aligned with the market value of its underlying XRP treasury while allowing each common share to represent a larger percentage of the treasury at current prices.

XRP Ledger validator Vet said the new structure effectively shifts Evernorth toward volume-weighted pricing for investor share issuance.

At current XRP prices, investors would receive exposure to more XRP per share when the company makes its expected public-market debut in the Q3 or Q4 of 2026.

Russia Backs Major Cryptos, But Not XRPMeanwhile, the Bank of Russia has established a framework allowing non-qualified investors to purchase certain cryptocurrencies.

Eligibility considers factors including market capitalization, average daily trading volume and at least five years of pricing history on foreign exchanges.

Under those criteria, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Tether (CRYPTO: USDT) have been included among cryptocurrencies available for public exchange trading. However, XRP was not selected by the bank.

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XRP Ledger sits at the centre of one of the most significant financial infrastructure networks in the world.

The Ripple ecosystem spans cross-border payment corridors used by financial institutions across Asia, the Middle East, Latin America, and beyond, with partners including SBI Holdings and over 300 financial institutions on RippleNet.

The rails are real. The transaction volume is real. The institutional adoption is real. Running serious financial infrastructure on XRPL demands serious infrastructure underneath it. That's what Ankr provides. Ankr now provides RPC infrastructure for XRP Ledger, delivering the reliable, enterprise-grade node layer that protocols, financial institutions, and enterprise teams building on XRPL depend on.

What makes XRPL different for enterprise
XRPL was designed from the ground up for financial use cases. It settles transactions in 3-5 seconds. Fees are fractions of a cent regardless of transaction size. The network has operated continuously since 2012.

But beyond the performance metrics, what makes XRPL genuinely distinctive for enterprise is its architecture. Unlike most blockchains that bolt financial functionality onto a general-purpose smart contract layer, XRPL builds financial primitives directly into the protocol. Payment channels, a native decentralised exchange, cross-currency settlement, multi-signing, and escrow are all available at the protocol level, not as third-party contracts with their own risk surface, but as core network functionality that has been running and battle-tested for over a decade.

For teams building payment infrastructure, custody solutions, or compliance tooling, that distinction matters. Protocol-level functionality means fewer dependencies, fewer attack surfaces, and a more predictable execution environment than smart contract-based alternatives.
These are not blockchain marketing claims. They are operational facts that matter to treasury teams, compliance officers, and engineers building production financial systems.

Why RPC infrastructure matters at this level
For enterprise teams, the RPC layer is not a commodity. It's the connection point between your application and the network, and its reliability, latency, and security characteristics directly affect your product's performance and your users' experience.

A compromised or unreliable RPC node can return incorrect data, create latency that affects transaction throughput, or simply go down at the worst possible moment. For a payment application processing real value at scale, none of those outcomes are acceptable.

Ankr's distributed node network addresses this at the infrastructure level. Globally distributed nodes across multiple regions ensure low latency regardless of where your users are. Redundancy across the network means no single point of failure. And Ankr's verifiable RPC technology, which cryptographically signs responses inside attested hardware enclaves, ensures that the data your application receives is exactly what the network returned, without the possibility of tampering or fabrication.

Ankr's role in the XRPL ecosystem
Ankr provides the RPC infrastructure layer connecting builders and enterprises to XRP Ledger, the distributed node network that handles the volume, uptime, and reliability demands of production financial applications.

This is the same infrastructure standard Ankr applies across its enterprise client base, which includes Trust Wallet, Fireblocks, TRM Labs, and Dune Analytics, institutions that cannot afford infrastructure failures.

Ankr is SOC 2 Type II certified. It runs on a private fiber network with 99.99% uptime SLA. It supports dedicated enterprise endpoints for teams that need guaranteed performance and capacity beyond the public tier.

For teams operating in the Ripple ecosystem
If you're building payment infrastructure, custody solutions, compliance tooling, or financial applications on or adjacent to XRP Ledger, the infrastructure layer you choose matters. Ankr provides the RPC layer your production systems can depend on, with the enterprise credentials, technical architecture, and track record to back it up.

Public endpoints are live now. Enterprise accounts with dedicated capacity, SLA guarantees, and direct support are available for teams that need more.

Talk to our enterprise team →
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XRP Defends $1 by a Cent Since CLARITY Act Slipped. Now CFTC Steps In

XRP price has come under renewed downward pressure, closing around $1.00—its weakest level since November 2024—even as activity on the XRP Ledger has intensified. This contrast between declining price and growing network engagement has introduced additional uncertainty for investors.

Price declines to multi-month lowData from the crypto analytics firm Santiment shows that XRP traded at approximately $1.00 on August 12. This marks the lowest daily close since November 2024 and an approximate 69% decline from its peak price of $3.30 in January 2025.

Market participants have been closely watching the $1.00 level, as the coin approaches a zone that historically garners significant attention. Despite this decline, certain network metrics have shown notable increases in user engagement among existing participants.

Active addresses surge, but new growth stallsSantiment reported that the average number of daily active XRP addresses rose to 35,700 in August, up from about 26,400 in July. This represents roughly a one-third increase in network involvement by existing holders. On August 11, the figure reached its highest point since June 5, reflecting a spike in on-chain activity.

On August 11, XRP recorded its highest level of active address usage on the network since June 5.

However, despite this uptick in activity, the creation of new addresses has remained flat. The number of newly created addresses averaged about 2,260 per day in August, closely matching July’s average of 2,270.

This pattern indicates that while current XRP holders have increased their interaction with the network, there has not been a significant influx of new users.

Mini dictionary: Santiment is a blockchain analytics provider offering on-chain, social, and development data to analyze cryptocurrency trends and network activity.

Bollinger Bands and MACD trends point to ongoing riskXRP price currently sits at $1.00, slightly above the lower Bollinger Band at $0.99310. The middle band stands at $1.05385, and the upper band is at $1.11461. These bands suggest that $1.00 is near the lower edge, indicating persistent selling pressure.

MetricCurrent ValuePrice$1.00Lower Bollinger Band$0.99310Middle Bollinger Band$1.05385Upper Bollinger Band$1.11461MACD-0.02363Signal Line-0.01910Histogram-0.00453From a technical perspective, the current MACD level of -0.02363 is below the signal line at -0.01910, with a negative histogram of -0.00453, highlighting a bearish trend. If this momentum persists, XRP could encounter further downside risk.

At present, XRP price is at $1.00, and the technical indicators suggest selling pressure is likely to continue if there is no significant change in momentum.

Key price levels and upcoming signalsXRP’s 24-hour trading volume is approximately $1.28 billion, with a market capitalization of $63.08 billion. The token fell by 1.4% in the past day. Analysts note that the $1.00 level remains a critical support zone for the near term.

A sustained move above $1.00, with a breakout toward $1.05—the middle Bollinger Band—could signal increased bullish sentiment. Conversely, a push closer to $1.00 or below would increase the likelihood of extended downside pressure.

In the coming period, traders are advised to monitor the relationship between active and new addresses. Elevated numbers of both could suggest growing participation among new and existing users, while a lack of new address growth may call for caution.

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 showing early signs of recovery as market participants defend key support levels while selling pressure begins to ease. While bullish momentum may strengthen if the price breaks above a significant descending trendline, analysts caution that high leverage in XRP derivatives could still pose a risk for further volatility.

Technical recovery faces crucial resistanceCurrently, XRP is trading at $1.00, with a 24-hour trading volume of $1.01 billion and a market capitalization of $62.79 billion. Although XRP declined 1.71% in the past 24 hours, chart patterns suggest the potential for a bullish reversal.

Crypto analyst XRP Updates noted that the prolonged price correction is losing momentum. The support region between $0.93 and $1.00 has become a critical area where buyers are attempting to form a more resilient base. According to the analyst, holding above this zone can bolster the recovery narrative and lower the odds of a deeper decline in the near term.

Market focus has now moved to the longer-term downward trendline, which analysts identify as a decisive barrier to reversing the recent downtrend. A clear break above this resistance could shift attention to technical targets at $1.88 and $2.90. Should bullish momentum persist, the major upside target is set at $5.86 for XRP.

XRP’s prolonged correction appears to be losing momentum, with technical focus shifting to the $0.93–$1.00 support zone and the longer-term downtrend line. An upside break could unlock higher targets at $1.88 and above.

Rising leverage heightens risk of liquidationsMarket data from analyst Crypto Patel highlights a surge in open interest for XRP futures contracts, bringing potential risks despite recent bearish action. Open interest currently stands at approximately 435.1 million XRP, which is well above the 30-day average of 403.6 million XRP. The deviation now measures 1.20σ above the monthly average, indicating heightened speculative positioning in the market.

Such elevated leverage increases the vulnerability of the market to enforced liquidations in the event of another drop in price. If XRP fails to maintain support, highly leveraged traders may be forced to close positions rapidly, leading to further selling pressure.

Analysts emphasize the importance for bullish investors to defend critical zones between $0.93 and $1.00 while also managing their exposure to leverage. A successful defense could pave the way for the next stage of recovery, while a loss of support risks intensified liquidations and a temporary sell-off.

Mini dictionary: Open interest (OI) refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled. Elevated open interest can signal increased market participation and higher leverage, which may amplify both gains and losses.

If a drop in XRP’s price occurs, the market could see forced liquidations among highly leveraged positions, potentially increasing short-term selling pressure.

Key support and resistance levels: A summaryAnalysts widely agree that the $0.93–$1.00 price zone is pivotal for XRP’s short-term outlook. Sustaining this support is seen as essential for buyers aiming to reverse recent losses. The next significant resistance is set at the long-term descending trendline, followed by technical upside targets of $1.88, $2.90, and potentially $5.86.

LevelTypeSignificance$0.93–$1.00SupportKey zone for recovery potentialDescending trendlineResistanceBarrier for trend reversal$1.88Upside targetFirst technical price target$2.90Upside targetSecondary target if momentum continues$5.86Major targetLong-term technical objectiveXRP is the native token of the XRP Ledger, a digital payment protocol designed to facilitate fast and cost-effective cross-border transactions. Despite ongoing volatility, XRP continues to attract attention from both institutional and retail investors as its price approaches key inflection points.

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.

Since the attempted upswing collapsed at $1.1 three weeks ago, XRP has traded within a steep descending channel. 

This trend strengthened even further on the 12th of August, when XRP recorded a daily close of $1.000 for the first time since 2024 before slightly rebounding. 

Although the altcoin had breached the $1 support the previous day to $0.99, it shortly bounced back.  

As of this writing, XRP was trading around $1.0082, down 1.5% on the daily charts. Over the same window, the altcoin’s trading volume dropped 28%, indicating reduced market activity. 

Is shrinking user base driving XRP down?
With XRP trading over 69% below its January peaks, the question that lingers is what’s causing the market weakness. 

Santiment Intelligence attributed this market weakness to a lack of new users. As such, while network activity has slightly risen, the user base has not expanded at all.

Source: Santiment Intelligence
Santiment observed that new addresses are flat, holding between 2,260 a day in August versus 2,270 in July.

On the other side, daily active addresses have jumped from 26,400 through July to 35,700 in August so far. This suggests that existing holders have increased their usage, as they transact even more. 

Source: Cryptoquant
In fact, transactions have held within an upward trajectory. According to CryptoQuant data, XRP’s transaction count has risen consecutively the past six days, rising from 1.3 million to 2.49 million. 

Such a sustained uptick implies that users have been extremely active during this extended period. However, these market conditions suggest that no new market players have been incentivized to enter. 

Source: Theblock
Previously, when XRP was rising on the price charts, it was backed by a new user base. For example, when it traded above $3 early in 2025, new users averaged 10k and above 13k in 2025 and 2024. 

This implies that with no fresh demand, the altcoin is likely to continue, exhibiting strong downside pressure. 

What about the open market?
In addition to a shrinking user base, XRP is facing intense selling pressure. In fact, the altcoin’s Exchange Supply Ratio has been on a continued rise, hitting 0.026.

Source: Cryptoquant
This metric reached such levels last in late June, marking over a 6-week high. When this metric is on the rise, it means sellers are outweighing buyers.

Often, such a market setup has preceded stronger downside momentum. The Awesome Oscillator (AO) confirms this trend.

AO has held negative for two consecutive weeks, suggesting sellers enjoy total control of the market. Often declining AO signals, the potential for the trend to continue.

Source: Tradingview
If this pressure persists, XRP is finally likely to close below the $1 support level. However, ATR shows the market volatility has decreased; thus, price swings are becoming smaller.

If that’s so, XRP will continue to hover around $1 until it finds enough strength for an upside move.

Final Summary

XRP recorded a daily close of  $1.000 for the first time since November 2024, before slightly rebounding. 
XRP has continued to decline due to weakened fundamentals, as it fails to attract new users and intense selling pressure from existing ones. 

He says Solana (CRYPTO: SOL), XRP (CRYPTO: XRP) and much of the broader altcoin market will likely underperform the former in the future.

Bitcoin Breakout Could RunIn a podcast on Aug. 12, DonAlt said Bitcoin has effectively gone nowhere for six to ten weeks, repeatedly testing resistance while holding support.

He highlighted roughly $65,600 as the key upside level. A convincing breakout above that area could create a momentum trade and potentially trigger a fast move higher.

On the downside, he sees the low $62,000 region as increasingly important. A deeper move toward that area would raise the odds of another test of the range lows.

Despite the lack of momentum, DonAlt said sentiment looks too pessimistic relative to the actual price action.

"People are overly bearish," he said, noting that calls for $40,000 Bitcoin increasingly appear to treat another collapse as inevitable despite BTC continuing to hold its broader range.

His current bias: "Up is probably more likely than down."

Ethereum Outlook Looks StrongerDonAlt said Ethereum is still trading against major resistance around $1,900, but its performance against Bitcoin has improved substantially.

If ETH clears that resistance, he sees the potential for a rapid move toward roughly $2,400 to $2,500.

That leaves him considering buying before confirmation rather than chasing a breakout later.

"I kind of feel like the resistance is more likely to break than not," DonAlt said.

He also prefers Ethereum "not even close" when choosing between ETH, XRP and Solana, arguing that ETH offers the stronger long-term relative setup.

Solana Setup Unclear, XRP Narrative WeakSolana, by comparison, is sitting in what DonAlt described as the "middle of nowhere."

Unlike Ethereum, which has identifiable support and resistance levels offering cleaner risk management, Solana currently lacks an obvious invalidation point.

He sees a more attractive SOL trade emerging if it reclaims roughly $100, potentially opening a move toward $120.

Longer term, however, DonAlt expects Ethereum to outperform Solana.

DonAlt is similarly cautious on XRP as he said the setup that originally attracted him has disappeared.

XRP is now trading around $1 after a brutal decline, and DonAlt sees little compelling technical support until potentially around $0.75.

More importantly, the narrative catalyst that drove his earlier trade has weakened.

While XRP could still rally alongside broader retail participation, DonAlt said he would probably choose another asset if deploying capital today.

Image: Shutterstock

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Ripple-backed XRP treasury Evernorth Holdings on Thursday said it has amended subscription agreements for its private placement related to its proposed merger with Armada Acquisition Corp II. It means fewer shares issued and more XRP behind every share ahead of Nasdaq listing.

Ripple-Backed Evernorth Holdings Nears Merger and Nasdaq Listing
Evernorth Holdings, the Ripple-backed XRP treasury, filed amendment no 6 to its Form S-4 registration statement with the U.S. Securities and Exchange Commission (SEC) on August 13.

The Ripple-backed firm claimed it has strengthened public investors’ positioning as it advances toward a Nasdaq listing. This structure is expected to reduce the total number of shares issued, focusing the company’s net asset value across fewer shares. This means each share will represent a larger portion of Evernorth’s XRP holdings.

The amendment is intended to maintain alignment between the company’s capitalization and the market value of its underlying XRP holdings at closing. It will be a volume-weighted average XRP price, rather than $2.36, as of when the merger agreement was signed.

“Tying the share count to XRP’s value at closing is the right thing to do for Evernorth and our investors,” said Asheesh Birla, founder and CEO of Evernorth Holdings.

Notably, Evernorth Holdings has raised over $1 billion from investors including Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.

XRPN Stock Jumps
Armada Acquisition Corp II’s XRPN stock price has retained its upside momentum despite XRP price drops and Clarity Act delays. XRPN stock hits a new YTD high of $10.50 in premarket hours on Thursday.

The stock closed 0.19% higher at $10.48 on Wednesday. The intraday low and high were $10.45 and $10.49, respectively. Trading volume is also rebounding as Ripple-backed Evernorth Holdings nears a merger after finalizing employment agreements.

XRPN stock is up 2.54% year-to-date as investors await Armada Acquisition Corp’s stockholders and the SEC’s approval of the merger with Evernorth Holdings.

Nasdaq-listed stock has surged nearly 0.30% in the past month, with potential for further upside moves. The 52-week high is $10.91.

Armada Acquisition Corp II’s XRPN Stock Price. Source: Google Finance
Meanwhile, XRP price is trading in the $1-1.02 range after falling more than 3% in a week. The price is currently trading at $1.01, down more than 1% over the past 24 hours.

Furthermore, trading volume has dropped further by 34% over the last 24 hours. However, institutions are increasing exposure via XRP ETFs. As CoinGape reported, JPMorgan revealed holdings in Bitwise and Grayscale XRP ETFs, along with Armada Acquisition Corp II.

Investors wanting to access similar high-growth companies before they go public can utilize the best pre-IPO token platforms to acquire fractionalized private shares on-chain.

XRP watchers spend most of their time picturing the upside if the CLARITY Act passes. Analyst Gareth Soloway flipped the question around, and his downside answer gives traders a specific number to plan against.

Soloway was clear about the conditions that would trigger his bearish target. Soloway’s downside target for XRP if CLARITY fails sits near 70 cents right now, but only under a specific circumstance. “I think if it doesn’t pass, and I think the passing it has to be literally shut down as in like no chance,” he said, meaning a soft delay or stalled negotiations wouldn’t be enough to trigger that move on its own. It would take a genuine, confirmed failure of the bill.

If that happens, Soloway expects XRP to retrace back toward familiar territory. That level lines up with XRP’s high pivot range back in 2024, the analyst notes, pointing to a cluster of prior high points on the chart that sit right around the 70 cent mark. 

He said that zone would also catch his attention as a technical trader, calling it a level he’d consider accumulating around if he were positioning for a long-term long trade.

What the Chart Looks Like Right Now

The downside scenario is a contingency, not Soloway’s base case. Right now, he’s actually bullish. XRP briefly fell below a dollar this week before quickly bouncing back above it, a move that triggered a wave of stop-loss selling and liquidations before buyers stepped back in almost immediately.

Soloway called that recovery a potential bottoming tail, a technical pattern that can signal a short-term low is in. He also pointed to a longer-term wedge pattern that recently broke out, along with support building in the 96 to 97 cent range. “Even as nasty as the chart looks, there are green shoots,” he said, describing the setup as bullish enough that he’s currently long XRP.

A Tighter Setup on the Shorter Timeframe

Separately, chart analyst CryptoMoses flagged a more immediate technical pattern forming on shorter timeframes. On the 4H chart, XRP sits inside a falling wedge with $1 holding as key support. If buyers manage to break that structure to the upside, the next levels to watch are $1.05 and $1.10, according to the analysis. “The setup is there,” the analyst wrote. “Now we wait for price to confirm it.”

Why the Ethics Debate Still Matters Most

Behind both scenarios sits the same unresolved question: what happens with the bill’s ethics provisions between now and early September. Negotiations around that issue remain the swing factor determining which of these two paths, the bullish breakout or the drop toward 70 cents, actually plays out.

Story Ends Here

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XRP weakness and uncertainty around the Digital Asset Market Clarity Act are prompting investors to explore cloud mining and yield platforms such as UE Crypto.

Summary

XRP’s recent underperformance is pushing some holders to explore UE Crypto’s cloud mining and yield mechanisms. Regulatory uncertainty surrounding the Digital Asset Market Clarity Act has renewed interest in UE Crypto among XRP investors. With XRP facing heightened volatility, UE Crypto is attracting attention as holders seek additional ways to generate digital asset returns. Due to market uncertainty and delays surrounding the Digital Asset Market Clarity Act, XRP continues to underperform, while UE Crypto’s cloud mining platform and its stable yield mechanism have attracted increasing attention.

XRP has underperformed the broader cryptocurrency market, while investor interest in UE Crypto’s cloud mining and yield mechanisms has renewed.

Faced with XRP price volatility and the market uncertainty surrounding the Digital Asset Market Clarity Act, an increasing number of XRP investors are turning their attention to UE Crypto in an effort to hedge against market risks.

UE Crypto positions its cloud mining platform as a new option for XRP holders, aiming to provide them with additional digital asset returns rather than relying solely on price appreciation.

The cryptocurrency market has remained relatively calm with a slight downward trend, while XRP has fallen to a recent low.

Over the past few weeks, overall market volatility has remained relatively stable, while XRP, the cryptocurrency associated with the founders of payment company Ripple, has continued to underperform. When other cryptocurrencies rise, XRP often gains less; when other cryptocurrencies fall, XRP often declines more sharply.

The reason may be the current lack of market transparency — or, more specifically, the delay of the long-awaited Digital Asset Market Clarity Act.

As investors explore cloud mining and yield mechanisms, XRP’s weakness has driven increased interest in UE Crypto.

Amid continued market volatility, XRP holders seeking cloud mining and yield strategies continue to show interest in UE Crypto.

XRP fell 1.24% on the day, while UE Crypto is promoting the development of long-term cryptocurrency yield solutions.

As of August 13, 2026, the current price of XRP (XRP) is $1.01. Over the past 24 hours, the price has fallen by 0.4%, while the price movement over the past hour was 0%. Among the top ten cryptocurrencies by market capitalization, XRP has recorded the largest seven-day decline, falling by -4%, while the overall market has remained largely flat. The token’s price action appears to indicate that the Clarity trade is gradually being unwound.

Affected by market sentiment, XRP fell to a recent low, causing its market capitalization to shrink and temporarily losing its position as the world’s fourth-largest digital asset. The increase in short-term volatility has prompted some investors to reassess their future XRP investment strategies.

Meanwhile, an increasing number of XRP holders are considering other options: while maintaining a long-term bullish outlook on XRP, is there a way to mitigate the impact of short-term price volatility while generating continuous additional returns from their XRP holdings?

To hedge against market risks, the UE Crypto cloud mining platform has attracted increasing attention from investors who hope to hedge against market volatility and improve returns through cloud mining and yield aggregation mechanisms.

As XRP volatility increases, UE Crypto has become a new option for investors.

Given the recent increase in XRP price volatility, more and more XRP holders are turning their attention to UE Crypto. Unlike highly volatile leveraged trading or strategies that rely solely on price appreciation, UE Crypto’s cloud mining platform provides a more convenient way to participate in digital assets. Users do not need to deploy mining machines or maintain hardware; they only need to select a mining power contract to participate in mining services. This allows them to focus on the long-term prospects of XRP while maximizing the benefits of their digital assets.

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What happens after XRP breaks below $1? The question right now is whether a break below $1 will develop into a sustained collapse, or whether XRP will experience another liquidity crisis followed by a rebound.

If XRP quickly recovers $1.05 and subsequently breaks through the $1.09–$1.10 area, it would improve the short-term structure and indicate that buyers have absorbed the selling pressure below $1. These levels had previously acted as important resistance levels following several XRP declines.

Bearish scenario If XRP falls below the low of $1.0128 and further breaks below the psychological $1 level, it could trigger a gradual decline toward $0.90 or even lower. The death cross and negative squeeze momentum both point in the same direction. At present, the probability of an upward move appears low.

The bullish case still exists, but it is not sufficient. XRP is viewed as a predictive indicator for the Clarity Act, while market pricing indicates that the probability of the bill being passed has fallen to 21%. For long-term XRP holders, market attention is shifting from simply relying on price appreciation toward more diversified cloud mining digital asset platforms.

For example, unlike highly volatile leveraged trading or strategies that rely solely on price appreciation, UE Crypto’s cloud mining platform provides users with a lower-risk, long-term alternative for participating in the digital asset ecosystem. It helps investors move away from short-term market noise, focus on the long-term value of their assets, and establish a more resilient and sustainable passive income management strategy.

Join UE Crypto now and earn daily passive income through digital assets.

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.

@Evernorthxrp has amended the terms of its planned Nasdaq listing to ensure its capitalization more accurately reflects the current market value of its $XRP treasury, a move backed by the overwhelming majority of its investors.

What Changed and Why
The amendment replaces a fixed $2.36 price anchor used at the time of signing with a volume-weighted average price (VWAP) close at the time of the deal's completion.

A Q3/Q4 2026 Debut on Track
The amendment is not expected to alter Evernorth's core strategy. The company is targeting a Nasdaq listing under the ticker $XRPN through a merger with Armada Acquisition Corp II, with a launch anticipated in Q3/Q4 2026.

By reducing the total share count through the pricing adjustment, the company expects each common share to carry a higher implied $XRP interest at the time of listing.

Sources:

Evernorth official press release via PR Newswire

Crypto.news: Ripple-backed Evernorth files SEC amendment for $1B XRP treasury

The Crypto Basic: Evernorth Advances Nasdaq Listing Plan

The XRP market just absorbed one of its largest single supply events of the year. The entity behind it is not who most people assumed.

When nearly a billion XRP disappears from circulation, the first name most people reach for is Ripple.

The company's monthly escrow unlocks have defined XRP's supply narrative for nearly a decade, and any large movement in the token's supply is reflexively attributed to Ripple's operations.

According to data from SoSoValue's ETF tracker, seven XRP spot ETFs have collectively locked 992.5 million XRP as of August 13, 2026.

These tokens are now held off the open market by institutional fund products offering investors regulated exposure to XRP without requiring direct token ownership.

Cumulative net inflows across all seven funds now stand at $1.51 billion.

Why this is different from a Ripple lockRipple's monthly escrow mechanism, which has been running since December 2017, releases one billion XRP per month in scheduled tranches, with the company typically re-locking around 700 million of those tokens back into new escrow contracts.

The remaining 300 million goes toward operational use, liquidity services, and ecosystem development. That process is driven by Ripple's internal treasury management.

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The 992.5 million now locked in ETF products is driven entirely by investor demand, capital that came in from institutions and retail investors who accessed XRP through regulated fund structures rather than buying it on exchanges directly.

The distinction matters. When Ripple locks tokens, it is supply management by a single centralised entity.

Trending on TheStreet Roundtable:Cathie Wood trims Ethereum exposure on 11th anniversaryU.S. Treasury attacks Iran's Hormuz 'extortion' networkJPMorgan issues blunt warning on crypto's futureWhen ETFs lock tokens, it is organic demand absorption, investors choosing to hold XRP exposure through a fund rather than leaving tokens in free circulation.

What the numbers say about XRP's appetiteXRP's circulating supply currently stands at approximately 62.5 billion tokens, with approximately 35 billion remaining in Ripple's escrow.

The 992.5 million held by ETFs represents roughly 1.6 percent of circulating supply, a meaningful reduction in liquid supply at a time when XRP is trading near $1.08, recovering from the psychologically critical $1 level it tested earlier this month.

The market recorded zero net inflows in the most recent ETF trading session, meaning no fresh capital arrived, but the existing locked position held firm. Institutions are not adding. But they are not leaving either.

For a token that has spent most of 2026 fighting negative price momentum, nearly a billion XRP sitting in institutional hands rather than on exchange order books is the quietest bullish signal in the market today.

XRP Broke a Level It Hadn’t Touched in Over a Year — And Whales Bought It