A recent social media post from Caroline Pham, CEO of MoonPay Institutional and former Acting Chair of the US Commodity Futures Trading Commission, has ignited fresh speculation about a possible collaboration between MoonPay and Ripple, particularly regarding XRP.
MoonPay CEO connects with RipplePham raised eyebrows after sharing an image of herself pointing to the Ripple logo. Her caption, featuring only the eyes emoji, fueled rumors across the crypto community about a significant development involving the two companies.
Caroline Pham’s involvement is attracting increased attention due to her institutional background in digital asset regulation and her leadership role at MoonPay, a payment platform that facilitates the purchase of cryptocurrencies with fiat currencies.
Ripple, known for developing blockchain-based payment infrastructure, maintains a strong presence in the enterprise segment of digital assets, with a focus on the XRP Ledger and cross-border payments.
Crypto community member Archie speculated that the photo could be a sign of a forthcoming partnership or major initiative related to XRP. Despite this, no official comments or announcements have been made by Pham, MoonPay, or Ripple.
Notably, the only direct hint is the image itself, with no formal statements from either MoonPay or Ripple confirming any partnership or upcoming project as of now.
Possible areas for collaborationArchie discussed the possible synergies between the two businesses, suggesting that a partnership could connect MoonPay’s payment infrastructure with Ripple’s suite of enterprise payment solutions. This could allow easier transitions between fiat and digital currencies for end users, streamlining processes for both institutional and retail customers.
If such integration moved forward, MoonPay could boost support for XRP and Ripple’s stablecoin RLUSD. As both platforms expand their offerings, customers may benefit from faster, more efficient ways to access and use digital assets worldwide.
However, neither company has confirmed any changes to their existing services or plans to enable new XRP-related features, leaving much of the speculation unsubstantiated.
Mini dictionary: RLUSD, Ripple’s US dollar-pegged stablecoin designed to facilitate seamless digital payments and settlements for institutional and retail customers.
Institutional payments could potentially represent another collaboration opportunity, with MoonPay Institutional offering payment solutions to businesses and Ripple driving enterprise blockchain adoption. Their combined expertise may appeal to clients seeking advanced liquidity management or digital asset settlement tools.
Archie implied that the presence of both brands in one image could suggest an unannounced collaboration, arguing, “MoonPay moves money, while Ripple moves value on the ledger.”
Market awaits official detailsDespite the speculation, the market has not received any confirmation of a formal partnership or co-developed services. Pham’s regulatory background could play a strategic role if new institutional offerings are being considered, but her post alone does not constitute an announcement.
Archie urged followers to “expect the unexpected,” reflecting a sense of anticipation among XRP holders and the broader crypto community.
Any potential collaboration would likely depend on the scope of technologies and services integrated, as well as subsequent user adoption. Until further details become available, traders and investors remain attentive to official communications from all parties involved.
The ratio of the circulating XRP supply in profit has surged back above 57%, reaching highs last recorded in January 2026.
This comes as XRP’s price continues to hold above the crucial $1.40 level following the rally witnessed in August and September. For context, after dropping to $0.98 in mid-August, XRP embarked on a rebound campaign, closing August around $1.379, a 30% gain that month.
The uptrend spilled into September, and despite facing periodic roadblocks and selling pressure toward the end of the month, XRP also closed September with another gain, up nearly 8% for the month. While October has introduced a pullback, the August and September gains have already made much of XRP’s supply profitable.
XRP Supply in Profit Rises According to on-chain data provided by market research firm Glassnode, the ratio of the circulating XRP supply in profit has risen to 57.172% as of the time of this press.
XRP Supply in Profit | Source: Glassnode For the uninitiated, this metric measures the percentage of an asset’s circulating supply that is currently in profit. Essentially, it looks out for those XRP coins that investors last moved at prices lower than the current XRP price. It assumes these coin movements refer to purchases.
The latest reading indicates that 57.172% of XRP’s circulating supply was last moved at prices lower than $1.51. For context, XRP currently boasts a circulating supply of 68.4 billion tokens. This indicates that about 39.12 billion XRP is now in profit.
This is an impressive rise from the 37.27% rate recorded on Aug. 16, when the XRP price stood at $0.99. At this rate, only about 25.5 billion XRP tokens were profitable, leaving nearly 43 billion XRP in loss at the time. Now, there are only 29.2 billion XRP tokens in loss, a 42.8% share.
A 9-Month Peak Notably, the recent top in profitable supply represents highs last recorded nine months ago, in January 2026, when prices stood around $2.
As the market-wide downtrend persisted into this year, XRP faced intense selling pressure that resulted in a considerable drop in the percentage of supply in profit. Specifically, on Jan. 5, XRP saw 77.25% in profit as the price rose to $2.4.
However, this figure dropped to 60% two weeks later alongside a decline in prices to $2.06 by Jan. 17. When XRP slumped further to $1.99 the next day, the percent of supply in profit also dropped to 56.27%. Since then, the metric has continued to decline, slipping below 50% by the end of January.
For three months, the percent of XRP supply in profit remained under 50% despite not recording steeper declines. This bearish trend persisted as the XRP price stayed below $1.50.
The metric finally recovered above 50% as XRP’s price hit $1.47 in May. However, this uptrend did not last, leading to a drop toward the 37% low in August, right before XRP’s price recovery resulted in the latest push back above 50%.
The cryptocurrency market slipped into negative territory in early Wednesday trading, as investors awaited upcoming economic reports that could shape sentiment. Market volatility resulted in $607.18 million in liquidated crypto positions, with a pronounced skew toward longs accounting for $541.14 million, while shorts were responsible for $66.22 million.
XRP and major altcoins fall amid broader selloffXRP posted a 3.48% drop over the last 24 hours, trading at $1.44 during the session. Other leading cryptocurrencies experienced even steeper losses, with Ethereum, Dogecoin, Cardano, Uniswap, and Shiba Inu falling between 6% and 11% as the market downturn intensified.
The swift decline caught many XRP investors off guard, particularly those in leveraged long positions. The scale of liquidations indicated that market participants had largely been positioned for further upside, only to be forced out by the rapid drop in prices.
XRP experienced $12.5 million in liquidations in the past 24 hours, with long positions bearing most of the losses, totaling $11.96 million, compared to just $540,210 for shorts. The imbalance reached 2,213%, underscoring the vulnerability of bullish traders during the market reversal.
Liquidation imbalance reveals market leverageThe pronounced 2,213% liquidation imbalance between long and short XRP positions highlighted the extent to which bulls dominated recent market activity. As the broader crypto market shifted lower, leveraged long positions faced forced liquidations, resulting in rapid position closures.
For many market watchers, this substantial disparity pointed to an over-leveraged environment, where optimism about further price increases exposed traders to significant risk when momentum shifted the other way.
Asset24h Liquidations (Total)Longs LiquidatedShorts LiquidatedPrice Change (24h)XRP$12.5 million$11.96 million$540,210-3.48%Crypto Market (Total)$607.18 million$541.14 million$66.22 millionN/AInvestors monitor macro events and network upgradesIn addition to asset volatility, the market’s attention turned to upcoming economic developments. At 2 p.m. ET on Wednesday, the US Federal Reserve will release the minutes from its Federal Open Market Committee (FOMC) meeting, a key event for market participants seeking direction on monetary policy. The September FOMC gathering resulted in the first interest rate hike since 2023. Traders now estimate a 78% probability that the Fed will maintain rates at its next meeting.
On the technical side, three significant amendments—Permissions Delegation, Batch, and fixBatchV1_2—are poised for activation on the XRP Ledger this week if validator support remains above 80%. Permissions Delegation is set for October 8, while fixBatchV1_2 and BatchV1_1 are expected on October 9. These features will only take effect if the threshold for validator backing stays above 80% without interruption; otherwise, the amendments are rejected, and a new 14-day evaluation period begins.
Permissions Delegation, designed for the XRP Ledger, aims to allow accounts to delegate certain transaction permissions without transferring full control. Batch and fixBatchV1_2 amendments focus on enhancing efficiency and addressing bugs related to batch transactions.
Mini dictionary: XRP Ledger Amendment, a formal upgrade proposal requiring validator majority for changes to the protocol, ensuring community agreement before new features are activated.
Evernorth postponed to October 12 the expected start of its listing on Nasdaq under the symbol XRPN, due to an administrative delay. This schedule coincides with two major upgrades of the XRP Ledger, but their activation does not guarantee an increase in XRP, which is trading around $1.46.
In brief Evernorth postpones to October 12 the expected start of its Nasdaq listing under the symbol XRPN. The company is expected to hold approximately 473 million XRP after its merger with Armada. Two major upgrades of the XRP Ledger are expected around October 8 and 9. XRPN will offer indirect exposure to XRP, without equating a direct purchase of the token. The impact on the XRP price will mainly depend on future Evernorth purchases and the actual adoption of new functions. XRP and Evernorth: key dates to watch Shareholders of Armada Acquisition Corp. II approved their merger with Evernorth on September 30. The deal was initially expected to close on October 7, with trading under the symbol XRPN starting the next day.
However, Evernorth announced a slight delay. The company now plans to close the transaction on October 9 and start its listing on October 12. These deadlines remain subject to usual conditions and final Nasdaq approval.
Several events are concentrated over a short period :
The merger between Evernorth and Armada is to be finalized around October 9 ; XRPN stock should begin trading on Nasdaq on October 12 ; Evernorth is expected to hold around 473 million XRP at the time of the transaction ; The company is expected to receive nearly $300 million in gross cash ; Two amendments to the XRP Ledger could be activated on October 8 and 9. Evernorth attributes this schedule change to “an administrative delay that should not affect the closing”. According to the company, it is therefore not a challenge to the deal. However, the postponement reduces the calendar effect highlighted by investors who were expecting multiple simultaneous catalysts.
Evernorth will offer indirect exposure Evernorth intends to become the largest publicly traded company exclusively focused on an XRP treasury. Unlike a company that merely holds its cryptos, it plans to deploy part of its assets into yield strategies, infrastructure, and activities related to the ecosystem.
Its founder, Asheesh Birla, states he wants to build “an actively managed XRP treasury, with the transparency and governance required by public markets”. Ripple, SBI Group, Pantera Capital, Kraken, GSR, and Arrington Capital are among the announced investors.
However, buying an XRPN share will not correspond to directly acquiring XRP. Investors will be exposed to a company owning the token, but also to its fees, governance, allocation choices, and stock market valuation fluctuations.
The listing will not necessarily trigger new purchases equivalent to the expected 473 million XRP. A significant part of this reserve comes from contributions already made in kind. The future effect on demand will mainly depend on the use of the $300 million raised and Evernorth’s treasury decisions.
Two upgrades expected on the XRP Ledger The XRP Ledger is concurrently preparing conditional activation “of PermissionDelegationV1_1 and BatchV1_1”. These amendments must maintain the required support from validators during their entire approval period.
PermissionDelegationV1_1 will allow an account to grant specific permissions to another address without giving full control of its keys. A company could, for example, authorize an operator to perform certain predetermined payments or operations.
This function can facilitate the separation of responsibilities and access control. However, official documentation recommends not to temporarily delegate the PaymentBurn permission until a complementary fix is activated. Other granular permissions are not affected by this warning.
BatchV1_1 will allow grouping up to eight transactions. Depending on the chosen mode, they may be executed entirely or canceled together if one fails. This mechanism can simplify atomic swaps, delivery versus payment settlements, and certain operations on tokenized assets.
XRP still has to break its resistance XRP is trading near $1.46 after a drop of more than 2% in 24 hours. The $1.55 zone constitutes the main short-term resistance, while the $1.45 level serves as the first benchmark in case of a pullback.
A successful Evernorth listing would broaden stock market access to the XRP ecosystem. The new ledger functions could also improve its institutional use. However, none of these events guarantees an immediate demand for the token.
The market will mostly watch later Evernorth purchases, XRPN trading volume, and the actual use of new network features. Without measurable flows or concrete adoption, these announcements could have limited effect on the price.
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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.
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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.
Evernorth, a company focused on digital asset treasury management, has outlined a strategy to actively increase the value of its XRP holdings through institutional lending and decentralized finance initiatives. These plans were detailed in a recent presentation shared by SBI Group, a major financial conglomerate based in Japan with significant interests in blockchain technology and digital assets.
Active strategies for XRP treasury businessSMQKE, a cryptocurrency researcher, highlighted that Evernorth does not intend to merely hold XRP in its treasury. Instead, the presentation identifies institutional lending and deployment in decentralized finance (DeFi) as core strategies to boost asset value.
SBI Group’s materials indicate that Evernorth aims to expand beyond passive ownership by directly engaging its XRP reserves in new financial activities. The company plans to operate an independent XRP Ledger validator and subject its financial statements to audits by a major accounting firm.
Evernorth has already executed a private investment in public equity (PIPE) deal with a U.S. company, set to join Ripple Inc. and others in the upcoming XRP treasury business.
Mini dictionary: PIPE investment, or Private Investment in Public Equity, is a funding mechanism through which private investors purchase shares directly from a public company at a discounted price, often to quickly raise capital for new ventures or acquisitions.
SMQKE pointed to plans for “active measures to increase XRP’s value,” emphasizing the inclusion of institutional lending and DeFi as documented priorities in Evernorth’s operational roadmap.
SBI Group leads $200 million investmentAccording to the presentation, SBI Group committed $200 million in cash toward the project. Evernorth amassed a total of over $1 billion through a combination of cash and spot XRP contributions.
Fundraising participants included Ripple, Chris Larsen, institutional investors, and various crypto asset exchanges. The presentation describes a strategy of deploying XRP assets through active management, with a focus on expanding usage within institutional markets and decentralized finance.
ParticipantContribution TypeAmountSBI GroupCash$200 millionOther investors incl. Ripple, Chris LarsenCash and spot XRPOver $1 billion (total with SBI)By participating in lending and DeFi, Evernorth seeks to grow the value of its holdings beyond potential appreciation of XRP alone. Maintaining the XRP treasury model remains central to the company’s operations, aiming to demonstrate active use cases for digital asset reserves.
Planned Nasdaq listing for XRPNEvernorth also intends to become publicly traded on the US Nasdaq market under the ticker XRPN. This would take place via a business combination with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC).
Commentary shared under SMQKE’s post by an account named XRPBROJJEDAN expects the SPAC transaction to conclude on October 7, with XRPN shares starting to trade on October 8. Evernorth’s prospective entry into public markets is viewed as a means of further legitimizing and scaling its XRP-focused treasury business.
However, other voices such as Duke remain skeptical, pointing to a pattern of optimistic projections around XRP that have yet to be fully realized. Duke criticized some industry commentators for presenting speculative forecasts as established outcomes and suggested caution amid ongoing hype.
The SBI Group presentation details how Evernorth’s business model is centered on lending and DeFi activity, not just passive asset holding, positioning it as a potential case study for institutional engagement in the XRP ecosystem.
Evernorth’s ability to implement its stated strategy remains to be demonstrated, but its active approach stands out among entities managing large digital asset treasuries.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP community is on alert over a new wave of unidentified projects requesting users' private keys to connect to decentralized applications.
The warning comes amid the rise of so-called "vibe-coded" projects, where applications can be created and deployed quickly by developers whose identities or security practices may be difficult for users to verify.
Along these lines, Robert Kiuru, COO at XRPL Labs and Xaman, shared a strong warning to the XRP community, urging them never to share their private keys under any circumstances. "Your keys are the keys to your kingdom. Keep them private, secure and never enter them anywhere," Kiuru wrote.
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NEVER SHARE YOUR PRIVATE KEYS, UNDER NO CIRCUMSTANCES. YOUR KEYS ARE THE KEYS TO YOUR KINGDOM. KEEP THEM PRIVATE, SECURE, AND NEVER ENTER THEM ANYWHERE.
— Robert @XamanWallet (@robertkiuru) October 7, 2026 An X user, Jenna, pointed out that some vibe-coded XRPL projects with unknown developers are asking users to enter their private keys for Xaman Wallet as a way to connect to their site/app, urging them never to enter their private keys in a random app, with Kiuru engaging with this post.
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This warning, however, extends beyond a single application or project. As development across the XRPL ecosystem accelerates, users may encounter an increasing number of new decentralized applications, making basic wallet security practices increasingly important.
XRP Ledger eyes major developmentsThe warning remains significant as XRP Ledger eyes key developments in the days ahead.
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At the recently concluded XRP Seoul 2026 event, builders shared how they are creating real-world utility on the XRPL, from risk management and RWA to onchain finance.
Through the "Permission Delegation" feature, DeFi activity will run directly on XRPL. Users can borrow XRP from Ethereum liquidity pools, receive RLUSD, and bridge it back to XRPL. The vaults are expected to grow across the ledger.
The native compliance and low settlement costs of the XRPL are making it the choice of institutional builders over general-purpose chains.
Complete on-chain transparency has, however, been a barrier for traditional finance, and to solve this, the XRP Ledger is introducing "confidential transfers" powered by Zero-Knowledge Proofs (ZKPs).
Brevan Howard, a global alternative investment manager overseeing approximately $35 billion in assets, has selected Ripple Prime as its provider for multi-asset prime brokerage, clearing, and financing services spanning both traditional financial and digital asset markets. This deepening partnership follows Brevan Howard-affiliated funds’ participation in Ripple’s $500 million strategic investment round scheduled for 2025.
Ripple Prime’s Platform ExpansionRipple Prime emerged as a result of Ripple’s $1.25 billion acquisition of Hidden Road, which granted Ripple ownership of a global multi-asset prime brokerage business. Today, Ripple Prime processes over $3 trillion in annual clearing volume, serving more than 300 institutional clients. Its platform extends across digital assets, foreign exchange, fixed income, derivatives, swaps, and precious metals.
While the acquisition established potential bridges between global financial markets and Ripple’s blockchain solutions, using Ripple Prime is not synonymous with mandatory exposure to XRP in every transaction. The company has explicitly stated that its platform includes support for a wide array of digital assets, as well as conventional investment products.
Uncertainty Over Specific Asset UsageDespite the expansion of this business relationship, Ripple has not specified which assets Brevan Howard will trade through Ripple Prime, nor whether transactions will utilize the XRP Ledger, XRP itself, or RLUSD. Ripple Prime’s US spot brokerage now features both XRP and RLUSD among its offerings, and Ripple has previously discussed their use as institutional collateral. However, the company has yet to confirm the exact mechanisms that Brevan Howard will employ under its new mandate.
Ripple emphasizes its institutional services by stating that both XRP and RLUSD form the foundation of its wider institutional capabilities, and that Ripple Prime is adapting its platform to incorporate blockchain-powered settlement infrastructure for its clients.
This integration opens up several potential avenues for institutional exposure to XRP, including settlement, collateralization, liquidity, or market transfer. Still, none of these routes have been specified in the context of Brevan Howard’s activities with Ripple Prime.
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Stablecoin Growth and RLUSD’s RoleIndustry analysts point to RLUSD as the digital asset with the clearest near-term prospects among Ripple’s offerings. Stablecoin liquidity on the XRP Ledger has recently achieved approximately $1.3 billion, with RLUSD accounting for over 90% of this figure. Ripple continues to develop institutional credit markets anchored in RLUSD and the XRP Ledger ecosystem, targeting increased adoption from institutional clients seeking stable liquidity options.
Despite Ripple’s growing integration of blockchain settlement tools and a diverse range of digital assets, Brevan Howard’s specific use of XRP, RLUSD, or direct blockchain settlement through the XRP Ledger has not been confirmed and remains subject to further disclosures.
Paxos has added XRP to its Crypto Brokerage platform. Financial institutions that partner with the company can now trade and use the token through Paxos’ regulated infrastructure.
The integration took effect on October 7, 2026. For a token that has been around since 2012, the institutional on-ramp keeps getting wider, one regulated door at a time.
What Paxos is actually offering The move gives Paxos’ financial partners a compliant route into one of the most widely held digital assets on the market. Documentation on the Paxos website confirms XRP will be available for both trading and custody.
XRP is no niche token. It carried a market capitalization of nearly $95 billion at the time of the announcement and is held in over 8.1 million wallets.
Those figures help explain the choice. Paxos has said it is focused on high-demand assets, and a token with that kind of footprint fits the brief.
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A roster that has more than doubled XRP is one piece of a larger expansion. Paxos started 2026 supporting 12 assets on its brokerage platform. That roster has since grown to somewhere between 25 and 29 assets.
The company has framed the growth as selective rather than sprawling. Paxos has been picking high-demand Level 1 assets, and each addition has to clear the compliance bar that comes with its regulatory status.
That status is the key detail. Paxos operates as a national trust bank under the oversight of the Office of the Comptroller of the Currency, the US regulator that charters and supervises national banks.
Why the regulated wrapper is the real product Plenty of platforms list XRP. Retail exchanges have offered it for years. What Paxos sells is something different: the regulatory wrapper around the asset.
For a bank, broker, or fintech that wants to offer crypto to its own customers, the hard part is rarely the token itself. The hard part is finding an infrastructure partner that regulators will not frown at.
That is the gap Paxos is trying to fill. Its partners plug into the brokerage platform and inherit the compliance work Paxos has already done. Adding XRP extends that arrangement to one more major asset.
What this means for institutions and the market The most direct impact lands on Paxos’ financial institution partners. They can now offer XRP exposure without building separate infrastructure or finding a second provider for one token.
The research behind the announcement suggests broader effects as well. The addition signals growing acceptance of prominent digital assets like XRP within traditional financial services, and it could potentially improve liquidity and price stability for such assets.
There is also a possible retail spillover. XRP’s inclusion may attract retail investors who prefer regulated environments, reaching them indirectly through the institutions that partner with Paxos.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
The crypto market turned red over the past 24 hours, with Bitcoin, Ethereum and XRP all losing ground. Ethereum led the fall after breaking a key trendline, and each of the three now sits on or near a support level that will decide the next move.
Where prices stand
Bitcoin (BTC): $83,285, down 3.3% in 24 hoursEthereum (ETH): $2,571, down 5.3%XRP: $1.44, down 4.5%Solana (SOL): $116.39, down 3.3%BNB: $767.80, down 2.1%Bitcoin: uptrend intact, but rallies are being sold
One analyst said Bitcoin has now closed three weekly candles and a monthly candle above its 50-week moving average, a level that has often acted as support in past bull markets. Bitcoin is also still holding its May high near $83,000.
The short-term picture is weaker. He said that every recent rally has been sold and that the moves higher overlap heavily, a sign that sellers are gaining strength.
Bitcoin levels:
Support: $81,600 to $82,930. Bitcoin is trading just above this zone.Resistance: $85,000 to $87,000. A break above it is needed to confirm the next leg up.Upside targets: $88,600 and $92,200Safety net: $63,326 to $74,800 if support fails. The analyst stressed this is “not a target,” only a zone to watch if a deeper pullback begins.Ethereum: breakdown from a rising triangle
Ethereum was the weakest of the three. Analyst said ETH broke down from a rising triangle after losing support at $2,690 to $2,700, and sellers quickly pushed it toward $2,560.
“As long as ETH stays below the broken trendline, I think downside pressure can continue,” he wrote, adding that the reaction at $2,550 to $2,560 “will be important for the next move.”
There was also news on the demand side. Tom Lee said BitMine will stop buying ETH once it holds 5% of Ethereum’s total supply. BitMine has been one of the largest corporate buyers of ETH.
XRP: inside support, no bottom confirmed
XRP at $1.44 is trading inside its short-term support zone of $1.32 to $1.49. An analyst said XRP has “a lot more room to the downside” within that zone and may dip further before turning.
The larger structure still looks constructive to him. XRP has been making higher lows since August, something it did not do through late 2025 and most of 2026.
XRP levels:
Short-term support: $1.32 to $1.49Main support: $1.10 to $1.37. The outlook holds as long as this zone does.First signal of a low: a break above $1.56Main resistance: $1.66 to $1.67, where XRP was rejected on August 22 and September 22Target zone: $2.14 to $2.99Long-term milestone: about $11, which he said “will likely take some time” Story Ends Here
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Ethereum and XRP fall as Sui confirms a MACD crossover. Key support and resistance levels and chart scenarios for SUI, Zcash, and Bittensor on October 7, 2026.
Asset Aggregate price 24-hour change Aggregate 24-hour volume Ethereum $2,613.93 -3.15% $14.10 billion XRP $1.47 -2.06% $2.04 billion Sui $1.15 -3.61% $609.53 million Zcash $1,325.88 -1.08% $770.65 million Bittensor $294.68 -2.24% $189.90 million Ethereum Volatility Contracts as the Live Price Tests Lower Support Ethereum closed October 6 at $2,697.24 on Kraken, down 0.45% from $2,709.39. The session traded between $2,683.07 and $2,724.02, keeping the completed candle inside the range established during the previous several sessions.
ETH/USD daily candles with 14-day Wilder ATR, which declined to $79.79 on the latest completed session. Daily average true range, calculated over 14 periods with Wilder smoothing, fell to $79.79 from $82.78. ATR measures recent trading-range size rather than direction. Its decline indicates that completed-candle volatility continued to contract even as Wednesday’s live market moved lower.
The $2,650.41–$2,683.07 area is the first completed-candle support zone. CoinGecko’s later $2,613.93 quote was already below it, but that remains an intraday break until the UTC session closes.
A daily close below $2,650 would expose the September 24 low near $2,627.68. One current ATR below the latest close is approximately $2,617, reinforcing this lower area as the next volatility-adjusted reference. A close below $2,617 would weaken the range further and place $2,583–$2,600 in view.
On the upside, ETH needs to reclaim $2,683 and then close above $2,724–$2,738. A completed break above that band would reopen the October 2 high at $2,776.46. The bullish scenario would weaken if price subsequently returned below $2,683.
XRP Tests Its 20-Day EMA Intraday XRP price closed October 6 at $1.49698, down 0.70% from $1.50748. Its daily range narrowed to $1.49080–$1.52382, and the completed close remained above both selected exponential moving averages.
XRP/USD daily candles with 20-day and 50-day EMAs; the live price moved below the shorter average after the completed close held above it. The 20-day EMA rose to $1.47751, while the 50-day EMA advanced to $1.39825. Their upward slopes and positive separation preserve the broader recovery structure on completed candles. However, the live $1.47 quote had moved slightly below the 20-day average by the market cutoff. That intraday move requires a daily close for confirmation.
A close below $1.4775 would weaken the near-term setup and expose the October 2 low at $1.44698. If that support fails, the 50-day EMA near $1.398 becomes the deeper dynamic reference, overlapping the earlier $1.39–$1.41 trading area.
For an upside recovery, XRP must first close above $1.52382. The stronger confirmation level remains the September 29 high at $1.56056; clearing it would reopen $1.61. A breakout that subsequently closes back below $1.52 would lose credibility.
Sui Confirms a Daily MACD Line-Signal Crossover Sui closed October 6 at $1.1782, down 2.96% from $1.2142. The session low reached $1.1757 after the candle failed to retain an advance above $1.21.
SUI/USD daily candles and MACD (12,26,9); the histogram turned slightly negative as the line crossed below its signal. Daily MACD, using 12- and 26-period exponential averages with a nine-period signal line, recorded a confirmed bearish crossover on the completed candle. The MACD line eased to 0.10257, marginally below the 0.10275 signal line. The histogram changed from +0.00471 to -0.00018.
The crossover indicates that upward momentum has slowed enough for the MACD line to move below its signal, although both lines remain well above zero. The small negative histogram and elevated lines argue for a loss of momentum rather than an established long-term downtrend.
Immediate support spans $1.1442–$1.1757. The live $1.15 quote remained inside this zone. A daily close below $1.1442 would confirm a lower low and expose $1.1049–$1.0971.
Conversely, a close above $1.2182 would stabilize the structure, while clearing $1.2539 would reopen the late-September high near $1.293. A renewed MACD line move above the signal would support that recovery but should be assessed only after a completed candle.
Zcash Rebound Stalls Below the 38.2% Retracement Zcash closed October 6 at $1,366.92, gaining 2.18% from $1,337.71. The session recovered from $1,318 to $1,385.20, but the live aggregate quote later returned to $1,325.88.
ZEC/USD daily candles with retracement levels of the September 26–October 2 decline; price remains below the 38.2% level. The Fibonacci map measures the rebound from the October 2 low of $1,205 following the decline from the September 26 high of $1,695. The 23.6%, 38.2%, 50% and 61.8% retracement levels are $1,320.64, $1,392.18, $1,450 and $1,507.82.
The completed close held above the first retracement but remained below 38.2%. A daily close above $1,392.18 would strengthen the recovery and place $1,450 in focus. Clearing the midpoint would open the 61.8% level, although these are conditional resistance references rather than assured targets.
On the downside, a close below $1,320.64 would surrender the first retracement and expose $1,276.19, followed by the $1,205 swing low. The live price was testing the first level at the cutoff but had not produced closing confirmation.
Bittensor Price Rises While OBV Remains Nearly Flat Bittensor closed October 6 at $308.74, up 0.98% from $305.76. The candle reached $309.01 but did not clear the October 5 high at $309.15 or the October 2 high at $317.
TAO/USD daily candles and on-balance volume; five-session OBV is nearly flat and the latest volume remains below its recent average. On-balance volume adds or subtracts each session’s Kraken TAO/USD volume according to the direction of the close. Across the latest five completed sessions, OBV declined by only 2,249 TAO, leaving it nearly flat while price rose from $292.43 to $308.74. October 6 volume totaled 20,248 TAO, approximately 41% of the preceding 20-session average.
The combination shows that the price recovery has not been accompanied by a decisive expansion in directional volume on this pair. It does not independently predict a reversal, but it reduces the strength of confirmation behind the latest higher close.
A daily close above $309.15 would improve the short-term setup, while clearing $317 would confirm a stronger range breakout toward $321–$342. The live $294.68 quote had moved below the $298.10–$300.62 support zone, but the move remains intraday.
A completed close below $298.10 would expose $288.11, followed by $282.31. A return below $309 after an upside break would invalidate the first breakout signal.
FNB Brings Crypto to Nearly 9 Million CustomersFirst National Bank (FNB), the retail banking arm of South Africa's second-largest banking group by assets, has launched a crypto investing service for its customers. The bank built the service in partnership with VALR,
A Walled Garden Approach to Compliance
Sources:
TechCentral: FNB launches crypto trading
Crypto.news: FNB lets South Africans buy Bitcoin, crypto from R10
FNB Official Release via Novus Press Bulletin: FNB expands its alternative investments solutions by introducing crypto assets
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Bitcoin and XRP are dominating the U.S. crypto spot ETF market, with the latest fund data showing a substantial gap between them and products tracking Solana and most other cryptocurrencies.
Do ETFs follow capitalization?Bitcoin remains in a league of its own, of course. BTC spot ETFs hold approximately $110.68 billion in net assets, representing 6.54% of Bitcoin's total market capitalization. Cumulative net inflows have reached $57.84 billion, while the latest session added another $118.86 million. Daily trading volume stands at roughly $1.84 billion.
Source: SosovalueXRP is considerably smaller in absolute terms but stands out among altcoin ETFs. Its five spot ETFs have accumulated approximately $1.70 billion in net assets and $1.80 billion in cumulative inflows. The latest session produced another $3.14 million in inflows, while 30-day inflows reached $112.01 million.
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Solana, despite having nine ETFs, currently trails XRP with around $1.93 billion in assets but only $1.59 billion in cumulative net inflows. SOL also recorded a $3.68 million daily outflow, tracking substantially lower against XRP's continued positive flows.
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Other altcoin products remain smaller too. Zcash ETFs hold roughly $789 million, while Hyperliquid products have about $507 million. Chainlink stands at $236 million, with BNB at around $102 million.
ETF doesn't help the priceBitcoin trades around $84,100 after another rejection from the $86,000–$87,000 region. The broader structure remains bullish, but momentum has cooled and $83,000 is emerging as immediate support. Losing it could expose the rising short-term average around $82,000.
XRP has slipped toward $1.47 after failing to sustain its latest move above $1.50. Its first important support sits around $1.45, followed by the much stronger $1.38–$1.40 region.
ETF demand, therefore, has not eliminated short-term volatility. But the capital distribution is increasingly clear: Bitcoin continues to absorb the overwhelming majority of institutional spot-ETF capital, while XRP has established itself as one of the strongest altcoin products, competing with and, in several flow metrics, outperforming Solana.
Spot ETFs tracking Bitcoin and XRP continue to dominate the US crypto asset landscape, significantly outpacing funds tied to Solana and a range of other altcoins according to the latest fund data.
BTC, XRP lead spot ETF marketBitcoin asserts its position as the leading cryptocurrency in the US spot ETF sector. Bitcoin spot ETFs currently control approximately $110.68 billion in net assets, which equals 6.54% of Bitcoin’s total market capitalization. Cumulative net inflows now reach $57.84 billion, and the most recent trading session saw another $118.86 million added. Trading activity remains robust, with daily volumes estimated at around $1.84 billion.
Bitcoin ETFs have become the primary vehicle for institutional capital, with their net assets holding steady above $110 billion and daily flows topping $100 million.
XRP, while much smaller compared to Bitcoin, stands out among altcoin ETFs. The five spot ETFs tracking XRP have now accumulated close to $1.70 billion in net assets, with cumulative inflows slightly higher at $1.80 billion. For the latest session, XRP ETFs attracted $3.14 million, bringing the 30-day total inflows to $112.01 million.
Solana slips behind top ETF performersDespite offering a larger number of ETFs, Solana lags behind XRP in several metrics. Nine spot ETFs provide exposure to Solana, holding assets totaling about $1.93 billion. However, cumulative net inflows remain lower than XRP at $1.59 billion. The most recent session reflected this negative trend, as Solana ETFs saw a daily net outflow of $3.68 million, contrasting with XRP’s continued positive inflows.
ETFNumber of FundsNet AssetsCumulative Net InflowsLatest Daily FlowBitcoin–$110.68 billion$57.84 billion$118.86 million (inflow)XRP5$1.70 billion$1.80 billion$3.14 million (inflow)Solana9$1.93 billion$1.59 billion$3.68 million (outflow)Altcoin ETF assets remain modestSeveral other altcoin spot ETF products remain smaller in comparison to the leaders. Zcash ETFs currently report holdings of around $789 million in assets. Hyperliquid ETF products stand at roughly $507 million, while Chainlink sees $236 million in assets and BNB records about $102 million.
Volatility persists despite ETF growthMajor crypto assets remain volatile even as ETF inflows increase. Bitcoin trades near $84,100, having once again faced resistance just below $87,000. While the overall trend for BTC is still bullish, momentum has slowed and immediate support levels are being tested around $83,000. A drop below this level could shift attention toward the short-term average closer to $82,000.
XRP’s price action has also weakened, slipping toward $1.47 after failing to sustain a push above $1.50. First support now lies around $1.45, with more significant backing in the $1.38–$1.40 zone.
ETF demand continues to concentrate around Bitcoin, which attracts the bulk of institutional spot ETF investment. XRP has emerged as the main altcoin competitor, at times outpacing Solana in net ETF inflows, and now holds a clear position among the largest non-BTC ETF products in the US market.
TLDR First National Bank launched Crypto Investing on October 6 for nearly 9 million retail customers. Customers can trade Bitcoin, Ethereum, XRP, Solana and USDT from R10, 24 hours a day. The service runs through FNB’s existing share-trading platform in partnership with South African exchange VALR. Crypto cannot be moved into or out of the platform because of security, compliance and exchange-control rules. FNB plans to add more assets and educational content but has not given a timeline. South Africa’s First National Bank has launched a crypto trading service for nearly 9 million retail customers. The service, called Crypto Investing, went live on October 6.
Customers can buy, sell and trade selected cryptocurrencies through the bank’s existing share-trading platform. They do not need to open a separate account with a crypto exchange.
The service supports five digital assets at launch. These are Bitcoin, Ethereum, XRP, Solana and USDT, a stablecoin issued by Tether that is pegged to the US dollar.
Trades start from as little as R10, or 10 South African rand. Trading is available 24 hours a day, seven days a week.
Customers can access crypto through FNB’s Share Saver, Share Builder, Share Investor and Share Zero products. Purchases are funded directly from their FNB accounts.
JUST IN: 🇿🇦 South Africa's First National Bank launches crypto trading for nearly 9 million customers.
The following cryptocurrencies can now be traded:
• XRP
• USDT
• Solana
• Bitcoin
• Ethereum
— Watcher.Guru (@WatcherGuru) October 6, 2026
Crypto Stays Inside FNB The service works differently from a typical crypto exchange. Customers cannot withdraw their crypto to an outside wallet or send it to another exchange.
They also cannot bring crypto they already own on another platform into the FNB service. The bank said the service is ring-fenced within its own system.
FNB cited security, compliance and South African exchange-control rules as reasons for this setup. As a result, the service offers market exposure but not the control that comes with a self-custody wallet.
Customers can buy and sell the supported assets as an investment. However, they cannot use them directly on blockchain networks.
VALR Provides the Trading Technology FNB partnered with VALR, a South African crypto exchange, to power the service. VALR was founded in 2018 and is based in Johannesburg.
VALR says it serves more than one million users and nearly 1,000 corporate and institutional clients. It holds South African Financial Services Provider licenses and is registered as an accountable institution with the Financial Intelligence Centre.
The deal lets FNB add crypto to its platform without sending customers to a separate exchange. It also gives VALR access to a large banking customer base.
Bheki Mkhize, CEO of FNB Wealth and Asset Management, said the bank had seen rising customer interest in crypto. “Clients require a trusted platform, which FNB provides,” he said. “This gives them access to alternative assets to help diversify their investments.”
FNB joins other South African banks moving into digital assets. Discovery Bank previously partnered with Luno, letting customers buy, hold and sell crypto through linked Luno accounts.
Absa has partnered with Ripple on institutional digital-asset custody. Nedbank has been working with Crypto.com on blockchain-based payment, settlement and liquidity solutions.
FNB’s service is focused on retail investors. It brings crypto into a banking and investment platform that customers already use.
The bank said it plans to add more crypto assets and educational content over time. It has not said which assets will be added or when they will become available.
As of October 7, 2026, FNB customers can trade five cryptocurrencies from R10 through the platform. Crypto still cannot be transferred into or out of the service.
On October 6, 2026, Flare announced that Firelight Protocol was live with aggregate staked positions capped at $115 million in $XRP. The launch puts staked FXRP behind cover for Sentora’s USD Protected Vault and Protected RWA Vaults. Sentinel Labs develops and maintains Firelight, while Sentora incubated it.
Firelight pools the capital for every covered vault in one Firelight Vault on Flare. Stakers deposit FXRP into that vault, and the pooled capital backs the full portfolio of coverage elected by participating operators. The capital sits outside the protocols it covers. Stakers receive emissions for supplying it, but their principal and compounded rewards can be slashed when a covered loss is approved.
The initial deployment embeds cover in two Sentora products. The USD Protected Vault allocates across dollar-denominated strategies on established DeFi protocols. The Protected RWA Vaults use strategies around real-world assets, including lending and leveraged looping in markets that accept those assets as collateral. Their underlying strategies continue to run as before. Firelight adds cover against defined protocol failures at the deposit level.
That structure removes a separate purchase step for depositors. A user entering a covered vault receives its protection under terms registered onchain. The user does not need to compare and buy an individual policy. The operator selects the coverage, while Firelight records its scope, parameters, price and capacity.
What the cover can pay for The published launch details name smart contract exploits, oracle failures, governance exploits, bad debt, mechanism-driven depegs and redemption failures as covered event categories. An event still has to satisfy the terms set for the affected vault. Firelight describes the product as coverage rather than insurance.
A payout begins with identifying every eligible active position in the affected market. ZeroShadow, Firelight’s designated security partner, then publishes an exploit report. A five-firm Risk Consortium independently checks the event, confirms the loss and publishes an onchain attestation. Its members are Hypernative, Native, Credora, Cyfrin and GFX Labs. The protocol cannot release a payout until the consortium authorizes the event against the published coverage criteria.
This creates a defined claims path, but it also puts a practical condition on protection. A vault label alone does not determine whether a loss qualifies. Users need the registered terms for that vault and the consortium’s eventual attestation. Operators need to keep the advertised risk scope consistent with the parameters recorded onchain.
Veda and Upshift are integrating Firelight at their infrastructure layers. Operators building on either platform will be able to switch on protection for their own vaults while drawing on the same Firelight Vault. That shared pool is the mechanism Firelight is using to extend capacity beyond the first Sentora products.
For an operator, enabling the integration does not make every loss payable. The operator still needs to select cover with a stated scope, price and capacity. Its users remain subject to the event categories and criteria recorded for that vault. The shared-pool design also connects operator demand to available staker capital. Adding a vault consumes capacity from the same pool that supports existing products, rather than creating a ring-fenced reserve for the new strategy. That makes the registered capacity a practical constraint for both vault marketing and deposit limits.
For depositors, the relevant comparison is between the vault’s published protection and its underlying strategy risk. Firelight can cover the named protocol failures, but the launch does not say that every investment loss or market move qualifies. The consortium’s review and attestation determine whether a reported event meets the terms before capital can be released.
How $XRP enters the protection pool $XRP holders can supply the pool through Flare Smart Accounts. A holder connects a supported XRPL wallet and selects the mint-and-deposit flow. The wallet sends $XRP on XRPL with the instruction attached. Flare’s Data Connector verifies the transaction, FAssets mints FXRP at a 1:1 representation on Flare, and the system deposits the FXRP into Firelight. The holder receives stXRP in a smart account controlled by the originating XRPL address.
The flow does not require the user to hold $FLR. Fees are charged in FXRP. Protocol emissions also stream in FXRP, including fees that operators pay in $USDC and that the system converts before adding them to a staker’s position. Firelight says emissions follow protocol revenue, so the amount available to stakers rises as operators enable more cover.
The return comes with direct exposure to covered losses. The staked deposit has no Firelight cover of its own, and slashing applies to accrued rewards as well as principal. Depositing through a Flare Smart Account also adds contract exposure to the account, FAssets and Firelight layers. Firelight lists OpenZeppelin, Coinspect and 0xMacro as contract auditors and says it completed a public Immunefi bug bounty, but it also states that contract risk remains.
Withdrawals are not immediate. Stakers initiate an exit through the web application and wait through the unstaking period. As cover becomes active, that window increases to match the 30-day coverage periods. A completed withdrawal returns FXRP, which the holder can redeem to $XRP at the XRPL address that opened the position. For allocators, the exit delay and slashing exposure are part of the yield calculation rather than operational details.
Capacity and the open question Flare says capital backing onchain cover equals about 0.14% of nearly $100 billion in DeFi. Firelight starts with a $115 million cap in $XRP on aggregate staked positions. The cap limits the capital available to support the first portfolio, while the exact protection available to each vault depends on its registered capacity and terms.
The broader integrations could add more covered vaults without creating separate capital pools. That may improve capital use, but it also means the same staker pool can stand behind a wider portfolio of risks. The unresolved point is how Firelight will price and allocate capacity as Veda and Upshift operators join, especially when several covered vaults depend on the same protocol, oracle or collateral. Firelight has not published that portfolio-level concentration detail in the launch announcement.
Firelight Goes Live With XRP-Backed Cover on FlareFirelight, a DeFi cover protocol incubated by Sentora, has launched onchain DeFi insurance coverage backed by 50.2 million staked $XRP on Flare Network, opening a new utility frontier for one of crypto's largest assets by market capitalisation.
The protocol targets risks that have historically caused significant losses across decentralised finance. Staked XRP is used to back coverage for risks such as smart contract exploits and oracle failures. Users can bridge XRP to Flare through the FAssets system, deposit FXRP (Flare's wrapped version of XRP) into Firelight, and receive stXRP on a 1:1 basis. By leveraging XRP bridged as FXRP, Firelight adds an onchain protection market to Flare, providing coverage for vaults like Sentora's USD Protected Vault. The total aggregate cap for staked XRP positions is set at $115 million.
Claims Process and Coverage ScopeOnchain updates reveal initial coverage for two Sentora vaults. Claims will be decided by a five-institution consortium requiring a three-out-of-five majority vote. A network upgrade is anticipated as the audit report for the coverage contracts remains pending.
The launch builds on growing momentum for XRP within Flare's DeFi ecosystem. Nearly 100 million XRP has been bridged to the network as FXRP, with close to 70% of that capital actively deployed in DeFi rather than sitting idle. FXRP is the first live deployment of Flare's FAssets system, which turns non-smart contract tokens like XRP into overcollateralised assets that can interact with DeFi protocols.
For XRP holders, the Firelight launch represents a concrete expansion of what the asset can do onchain, moving beyond simple transfers into capital-efficient risk underwriting.
Sources:
The Block: Firelight launches XRP staking protocol on Flare
TradingView/Chainwire: Firelight Is Live, Backed by Staked FXRP on Flare
Flare Network: Stake your FXRP on Firelight, Now Live
XRP is now looking to break above the neckline of an inverse head and shoulders pattern, with prices targeting a run above $2.
XRP’s price action has been rather favorable to bulls over the past few weeks. After suffering consistent declines from July 2025 to June 2026, XRP embarked on a recovery campaign in July 2026 and has now recorded three consecutive monthly green candles for the first time in a year.
XRP Forms Inverse H&S Pattern Interestingly, the recent performance has brought XRP close to completing a bullish inverse head and shoulders pattern that started forming early this year and has held over the past months.
For context, an inverse head and shoulders is a bullish technical pattern that often appears near the end of a downtrend. It features three troughs, with the middle one (the head) forming the lowest point and the other two (left and right shoulders) forming shallower lows.
This structure began for XRP after the asset collapsed from the $2.41 peak in early January 2026. From there, XRP dropped to around $1.55, held this area, and then gradually dropped lower to $1.27 by April 2026 before recovering to $1.54 in May. This formed the left shoulder.
XRP Inverse Head and Shoulders Pattern Meanwhile, the head formed when XRP dropped again to hit a lower low of $0.98 in August 2026 before rebounding and launching the latest recovery campaign. This head showed that bears mounted greater selling pressure, but the market eventually rebounded from the downturn.
XRP’s recovery pushed it back above $1.5, but the asset continued to face intermittent declines, dropping to $1.25 in mid-September before recovering to $1.51 again. This price action helped form the right shoulder.
What Confirms a Breakout Notably, the inverse H&S structure often becomes more important when the asset’s price moves above the neckline, the resistance level connecting the recovery highs. A confirmed breakout could suggest that buyers are gaining control and that the price may move higher.
In XRP’s case, the neckline sits at around $1.54-$1.55, just slightly above the current price of $1.51. XRP must sustain its current recovery campaign and push above the $1.54 area to confirm a breakout above the neckline, which would complete the pattern formation.
A break above this neckline may lead to a pullback to retest the breakout. If XRP holds above the $1.5 area when such a pullback plays out, the breakout strength would be confirmed, possibly pushing prices to greater heights. The measured move points to the $2 area as the possible target.
Debut Pushed Back by Administrative DelayEvernorth, the Ripple-backed XRP treasury firm, has pushed back its planned public market debut after an administrative delay disrupted its original schedule. The company now expects to complete its merger with Armada Acquisition Corp. II on October 9, with its shares set to begin trading on Nasdaq under the ticker $XRPN on October 12. Both dates remain subject to customary closing conditions and Nasdaq requirements.
The revised timeline replaces the earlier targets of an October 7 closing and an October 8 trading start. Armada II shareholders had approved the business combination with Evernorth at an extraordinary general meeting on September 30, 2026, and the deal had been widely expected to proceed on the original schedule.
What Evernorth Brings to NasdaqThe stakes around this listing are significant. At closing, Evernorth is expected to hold approximately 473 million XRP, which would make it the largest publicly traded pure-play XRP treasury company. The transaction is expected to generate about $300 million in gross cash proceeds before expenses, broken down into $225 million from private placements, $30 million in convertible note financing, and roughly $48 million from Armada II's trust account.
Evernorth was incorporated in Nevada in August 2025 as a wholly-owned subsidiary of Ripple Labs, formed as a purpose-built vehicle for investment in XRP through public equity markets. The company launched in October 2025 with the Armada II merger already signed, pitching itself as an alternative to a passive ETF that would seek to grow its XRP per share through lending, market liquidity and DeFi yield.
Evernorth's investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken and GSR, among others. The company is led by founder and CEO Asheesh Birla, formerly an executive at Ripple.
The short delay is not expected to affect the broader deal structure. Once the merger closes and trading opens, Evernorth will represent one of the most prominent XRP-focused vehicles available to public market investors.
Sources:
Evernorth Holdings Press Release via PR Newswire: Shareholders Approve Evernorth Business Combination
Unchained Crypto: Ripple-Backed XRP Treasury Evernorth Wins Shareholder Vote
SEC Filing: Armada Acquisition Corp. II Form DEFM14A
XRP slipped to $1.46 early Wednesday, following another failed attempt to overcome resistance in the $1.52 to $1.55 range. The cryptocurrency, which has seen repeated rebounds from this zone in recent sessions, faced renewed selling pressure as buyers continued to struggle against a heavy supply overhead.
Price stalls below $1.55 as seller pressure buildsOn Tuesday, XRP climbed to $1.523 before sellers blocked further advances, mirroring a similar rejection at $1.55 on October 2. Each rally into the $1.52 to $1.55 band has been met with robust profits-taking, preventing sustained upside moves.
Market technician Peter Brandt commented that large quantities of supply remain in this region, making it difficult for buyers to accumulate enough momentum for a breakout.
Brandt argues that a major hurdle exists between $1.52 and $1.55 and sees a potential chart objective at $2.16 if buyers can gather strength, though he described the current setup as incomplete and cautioned that more consolidation may be needed before a stronger move develops.
Despite recent setbacks, Brandt has not ruled out a bullish scenario for XRP, but he emphasized that clearing out the entrenched seller presence is crucial. Until then, repeated rejection at resistance suggests sellers retain control in this zone.
Critical support: Bulls defend $1.45XRP has mostly traded between $1.45 and $1.55 in recent weeks, making the lower bound an increasingly important test for bullish sentiment. The token dropped to $1.45 during Wednesday’s decline, revisiting a level where buyers have historically stepped in to halt further losses.
Analyst John Isige from FXStreet cautioned that extended resistance at the top of the trading band may exhaust buyers, raising the risk of profit-taking and renewed downward momentum.
Isige noted that persistent caps on the upside could wear on buying interest, increasing pressure on support and potentially prompting a deeper correction if $1.45 fails.
Technical indicators now focus on the 50-day exponential moving average around $1.40, followed by the 200-day EMA at $1.38, and the 100-day EMA at $1.33. Sustained trading below $1.45 would likely bring these zones into play as potential new support levels.
Support LevelApproximate PriceTypeFirst$1.45Horizontal supportSecond$1.4050-day EMAThird$1.38200-day EMAFourth$1.33100-day EMAUpside needs $1.53 reclaim as bulls seek a catalystDespite current weakness, not all analysts have dismissed the possibility of a bullish reversal. Crypto analyst Ali Martinez suggested that a four-hour close above $1.53 could mark a breakout and set the stage for a rapid move to $1.62, giving traders a clear upside target to monitor.
So far, XRP has remained range-bound. The ongoing lack of confirmed breakout or breakdown keeps the technical outlook neutral, but the burden of defense is now falling more heavily on buyers.
Several potential catalysts remain on the horizon. Evernorth, a digital asset and blockchain company, is scheduled to begin Nasdaq trading under the XRPN ticker on October 8. In addition, two XRP Ledger protocol upgrades could activate around the same date, provided there is sufficient validator participation.
However, analysts cautioned that these events will only have a lasting impact if they result in renewed buyer demand capable of overcoming strong resistance above $1.50.
Until then, XRP’s price action continues to be limited by repeated rejection at resistance and the threat of a shift to lower support zones if current levels give way.
Mini dictionary: Evernorth, a blockchain and digital assets company, is expected to go public on Nasdaq under the ticker XRPN, providing infrastructure and services for digital asset trading and custody.
XRP is compressing below $1.65 on the four-hour chart, with $1.70 upside and $1.27-$1.10 support levels coming into focus.
Casi trades in his new XRP chart says XRP is running out of room inside a tightening four-hour structure, with price still trapped below the $1.64-$1.65 resistance area.
The latest setup leaves two very different paths open: another push toward $1.70, or a deeper retracement if buyers fail to break the ceiling.
XRP’s four-hour chart shows price consolidating near $1.51 below the $1.64-$1.65 resistance zone. RSI is also compressing near 53, while the chart maps potential support around $1.27 and $1.10 if the current structure rolls over. Source: Casitrade on X The Coinbase XRP/USD chart, dated Oct. 6, places XRP around $1.50. Price has spent the past several sessions forming a smaller triangle after its latest attempt to break the broader resistance zone.
CasiTrades expects that compression to resolve soon as the trendlines move closer together.
XRP Remains Below the $1.65 Barrier The main obstacle sits between roughly $1.6363 and $1.6432, where a Fibonacci resistance level overlaps a broader horizontal ceiling.
Just beneath it, $1.5315 is another nearby level XRP needs to reclaim before making a cleaner run at the upper zone.
The chart shows XRP previously reaching the $1.65-$1.70 area before pulling back into the current consolidation. If the smaller wave structure still has another leg to complete, one final advance could take price toward $1.6568-$1.7052.
From $1.5090, a move to $1.70 would require an increase of about 12.7%.
However, another high is not required by the wave count. XRP could also fail from the current structure and move directly into the larger correction mapped on the chart.
RSI Is Compressing Alongside Price Momentum is showing almost the same indecision.
The chart places RSI near 52.89, with its accompanying average around 52.45. Both sit close to the middle of the range, while RSI itself is tightening between descending and rising trendlines.
That makes the next price rally particularly important.
If XRP reaches the $1.65-$1.70 region while RSI fails to exceed its previous high, the setup would produce another bearish divergence. That would support the idea that the current advance is losing momentum.
A stronger price breakout accompanied by RSI breaking its own resistance would tell a different story.
$1.27 and $1.10 Become Important if XRP Rolls Over If the current wave completes and a larger retracement begins, the chart identifies the $1.26-$1.24 region as the first major support area. CasiTrades rounds that zone to roughly $1.27.
Below it, another major retracement area sits around $1.10.
A decline to $1.27 from $1.5090 would equal roughly 16%, while a move to $1.10 would represent about 27% downside.
The deeper $0.90 region is treated differently. A return there would challenge the developing higher-low structure and force the current wave count to be reconsidered.
There is also a bullish alternative. A forceful move through $1.65 and toward $1.80 would give XRP room to retest the former ceiling from above. Holding $1.65 as support after such a move would materially change the four-hour structure.
XRP currently sits between a tightening short-term triangle and the larger resistance overhead, and the next break will likely decide whether it tests $1.70 again or starts a deeper retracement.
Grayscale adds Anchorage Digital to its XRP ETF custody setup and enables in-kind GXRP creations and redemptions using XRP alongside cash orders.
Grayscale has expanded the operating setup of its XRP ETF, allowing certain institutional participants to move XRP directly into and out of the fund while also adding Anchorage Digital Bank as another custodian.
The changes give the Grayscale XRP Trust ETF (GXRP) more flexibility in how shares are created, redeemed, and backed by XRP.
Grayscale’s Oct. 5 prospectus update adds Anchorage Digital Bank as an additional custodian for GXRP and allows eligible Authorized Participants to create or redeem ETF shares directly with XRP. Source: Grayscale/SEC. The update appears in an Oct. 5 prospectus supplement and related SEC filing. The changes were put in place after agreements signed on Sept. 29. GXRP trades on NYSE Arca.
GXRP Can Now Accept XRP Directly The biggest change concerns how new ETF shares can be created and existing shares redeemed.
GXRP previously relied on cash orders. Under that structure, an Authorized Participant provided cash rather than delivering XRP directly.
Now, eligible Authorized Participants or their designated firms can submit in-kind orders. For a creation, XRP is transferred directly to the trust and corresponding GXRP shares are issued.
For a redemption, the process works in reverse, allowing XRP to leave the trust in exchange for redeemed shares. Cash orders remain available.
This does not mean ordinary GXRP shareholders can take their shares to Grayscale and withdraw XRP.
The in-kind mechanism operates through Authorized Participants. Grayscale’s filing names Macquarie Capital (USA) and Virtu Americas among firms whose agreements were amended to support the process.
For XRP, the change is notable because the primary-market process can now involve the asset itself rather than requiring every creation or redemption to begin with cash.
Anchorage Digital Added Alongside Coinbase Custody Grayscale also added Anchorage Digital Bank as an additional custodian for GXRP’s XRP holdings.
Coinbase Custody remains the fund’s primary custodian, so Grayscale is not replacing its existing custody arrangement. Instead, the sponsor can divide XRP between the two custodians at its discretion.
Grayscale has not yet disclosed how much XRP it intends to move to Anchorage.
The filing says XRP held with Anchorage is expected to remain in cold storage, although some tokens may temporarily move through hot wallets when needed for creations, redemptions, or trust expenses. Grayscale described the extra custodian as part of its risk-management approach as the trust grows.
The two changes affect different parts of GXRP’s infrastructure: Anchorage expands custody options, while in-kind creation and redemption changes how institutional participants can move XRP against ETF shares.
XRP continues to gain momentum across both its spot and futures markets as trading activity across both markets is also on the rise.
As the trend progresses, the latest onchain data from CryptoQuant shows that the XRP futures market has recorded strong trading activity throughout September.
While this signals sustained interest from traders and liquidity in the derivatives market, it has drawn attention from market watchers as it paints a bullish picture for the asset.
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XRP futures hit 6-month highAccording to the data, XRP futures volume across all major exchanges has continued to increase since August. As such, its futures activity has remained among the highest levels recorded over the past six months.
While the strongest XRP futures growth was witnessed last month, the analyst revealed that September's increase compared with August suggests that traders remained highly active despite futures volumes gradually retreating from earlier record levels.
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With XRP seeing sustained activity in its derivatives market, it appears that demand for leveraged XRP exposure and active positioning among market participants has persisted.
While its futures volume has spiked notably over the past months, this propels XRP toward greater liquidity while positioning its price for upside momentum.
Binance takes dominance Amid the surge in futures activity, the data shows that Binance led all major exchanges in the XRP futures surge in September, recording about $32.36 billion in trading volume.
Meanwhile, Bybit followed closely with about $12.5 billion, while OKX also saw sustained activity, recording $11.32 billion during the month.
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Against the backdrop of intense pressure from the U.S. debt market, crypto investors are increasingly asking whether they have missed their chance to enter. According to a fresh report from market maker Wintermute, the answer is clear: it is not too late to buy, because the global bull trend in digital assets is still in the early stages of its cycle.
Still, in the short term, investors in majors like NEAR and XRP should prepare for a local breather, as the current three-month altcoin rally has reached a mature phase.
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As of October 2026, Bitcoin (BTC) was up 2.4% for the week, holding at $86,100, showing that the flagship asset still has strong upside potential. Buyers' main achievement was holding the $82,500 level, which has now turned into support. The next target is the $90,000–$95,000 range, where retail investors' euphoric positioning ran into a wall of profit-taking earlier this year.
However, BTC's further advance is now being driven not by crypto-specific events but by conditions in traditional markets. Yields on 10-year U.S. Treasuries jumped to 5.35%, while 30-year yields reached 5.6% — their highest levels since 2008.
As Bitcoin's correlation with the S&P 500 grows, this creates a hidden macroeconomic risk for the crypto market if stocks fall.
Why the lull in XRP and NEAR is good news for the marketFor investors who think it is already too late to enter positions in NEAR, XRP, ARB, or ZEC, the current market offers an important clue: the altcoin index fell 1.1%, recording its first weekly decline since early August.
While fundamentally strong projects have spent the past 14 days moving sideways, a dangerous surge has begun in low-cap, low-quality tokens. Capital has started flowing into lagging second-tier assets simply because they have not yet risen.
14-day flat performance of "bluechip" altcoins, Source: Wintermute OTCWintermute emphasizes that the current local wave appears exhausted, and buying low-quality coins at this stage is a classic trap for latecomers. By contrast, the lull in NEAR and XRP represents healthy consolidation. The long-term anatomy of the trend fully supports the view that this bull cycle is only beginning.
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Wintermute analysts assess market maturity by tracking changes in the top 250 cryptocurrencies, where new technology names are replacing the heavyweights of past years.
After the foundations were laid through DePIN and AI in 2024, followed by the expansion of AI agents in early 2025, October 2026 is showing a steady increase in high-quality market capitalization. This rotation echoes patterns from previous years, meaning altcoins have every chance of establishing themselves as full-fledged blue chips in the current cycle.
The market is simply waiting for November 3, when the U.S. midterm elections will reduce uncertainty around Treasury bonds and clear the way for new highs.
XRP is consolidating around $1.50 after a strong rebound from the $1.00 area. The broader structure has improved considerably, but the latest price action suggests that buyers are struggling to push through the overhead resistance zone. The key question now is whether the asset can break the $1.70 resistance, or whether another pullback toward support develops.
Ripple Price Analysis: The USDT Pair The daily chart shows a major structural recovery from the $1.00 support zone. XRP broke sharply higher in August and subsequently reclaimed both the 100-day and 200-day moving averages. The 100-day MA is now around $1.25, while the 200-day MA is around $1.28, with the 100-day average aggressively approaching the other for a potential bullish crossover. This is a constructive development from a medium-term perspective.
The main resistance is located between $1.60 and $1.70. XRP has already tested this area twice in recent weeks, with the latest attempt in September failing to break out. A daily close above $1.70 would represent a significant structural improvement and could open the door toward the next major resistance around $2. Above that, the next resistance zone sits around $2.40, which coincides with a major high formed early this year.
On the downside, the $1.25-$1.30 region has become particularly important. It contains the 100-day and 200-day moving averages and coincides with a marked demand zone. As long as XRP remains above this support area, the broader recovery structure remains intact. A deeper decline back toward the $1.00 area would become more relevant if this support is decisively lost, which would reverse all the recent gains and put the market under immense pressure once more.
The 4-Hour Chart The 4-hour chart shows XRP trading inside a tightening structure beneath a descending trendline. The trendline currently acts as dynamic resistance, with XRP repeatedly failing to establish a decisive move above it. At the same time, buyers have continued to defend the green support zone around $1.45, creating a relatively well-defined consolidation range.
The immediate resistance is around $1.70, followed by the significant $2 supply zone. A breakout above the descending trendline and subsequent move through $1.70 would strengthen the bullish case and could bring the $2 level into play.
Conversely, a loss of the $1.45 support zone would weaken the short-term structure. In that scenario, XRP could retrace toward the $1.30 area, which is a clear demand zone that buyers should defend at all costs in the short term. Otherwise, a bearish reversal scenario would materialize, which could once again send XRP back toward the $1 area, and potentially lower this time. Still, the current structure is better viewed as consolidation, with a higher probability of a bullish breakout, rather than a bearish reversal forming.
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.
Crypto market analyst Bird, known online as @Bird_XRPL, has drawn attention to a rare convergence of technical signals on the XRP chart. Bird noted that every significant trend line on the daily chart now points to the same conclusion, suggesting a major move could be imminent for the digital asset.
Converging trend lines signal new momentumXRP, the digital asset associated with Ripple Labs, reached a high of $3.65 in July 2025 before entering a sustained downtrend. This decline formed a series of descending trend lines, each connecting progressively lower peaks at key levels such as $2.60 and $1.80. Over the following months, these trend lines have represented resistance.
According to Bird’s recent analysis, all these major descending lines have now converged near the current price. This converging structure is uncommon and adds significance to the current price action. Bird illustrated his view by overlaying multiple trend lines on the daily chart, each drawn from different swing highs during the prolonged correction.
The trend lines collectively provided a resistance cluster, but XRP began to reverse course after bottoming near $1 in August. In a sharp recovery, the token surged to $1.5138, breaking above multiple descending trend lines in quick succession.
Bird described the situation simply: “Every possible trend line on XRP is saying the same thing: It’s go time.”
The technical structure, as depicted on Bird’s chart, features a prominent green arrow projecting from the current zone upward to the $2 mark, suggesting increased bullish momentum if the breakout holds.
Bird’s technical setup places near-term focus on the $1.80 to $2 region, where considerable previous consolidation occurred in late 2025. The analyst points to $2 as the immediate price target after the breakout. On the downside, first support is identified at $1.40, with $1.20 marking the next key area if momentum weakens.
Price LevelTypeRelevance$2Resistance/TargetImmediate upside target after breakout$1.80ResistanceConsolidation cluster from late 2025$1.40SupportRecent breakout base$1.20SupportStructural level before last move to $1The convergence of multiple descending trend lines at one price and time is the central point driving Bird’s analysis. This synchronized signal is rare and, according to Bird, can sharpen the chances of a sustained directional move.
Multiple independent descending trend lines, each drawn from separate local highs, all intersect around $1.50. This alignment could increase the significance of a breakout or rejection at this level.
Bird’s approach is based entirely on the technical structure, and the analyst does not reference fundamental drivers. Still, the alignment of these technical signals has brought renewed attention to $XRP among chart watchers and traders.
Mini dictionary: Ripple Labs — A US-based technology company that developed the Ripple payment protocol and the XRP Ledger. Ripple’s network facilitates real-time cross-border payments and settlements using its native digital asset, XRP.
Institutions that hold stablecoins or tokenized assets on the XRP Ledger face a small but real problem: every transaction needs a little XRP to pay the fee. Ripple Custody’s documentation describes a tool built to remove that problem, and it treats XRP as the fuel for those accounts.
What the tool does
The feature is called Gas Station. According to the documentation, Gas Station pays transaction fees for “sponsored” accounts. A firm funds one sponsor account with the network’s native token. When a client account needs to transact but has no native token, the sponsor account sends it the required amount.
On the XRP Ledger, that native token is XRP.
Why institutions would want it
A bank or fintech may hold RLUSD or tokenized assets for thousands of clients. Without a tool like this, each client account would need its own XRP balance just to move funds.
Gas Station uses “just-in-time” funding. It sends XRP only when a fee is actually due, so firms do not have to pre-fund every account. The documentation says this cuts “operational friction” for users who hold non-native tokens.
How it works, step by step
The system detects that an account needs fee funding.It checks whether the account is sponsored, either directly or through its domain.It estimates how much native token is required.The sponsor account sends that amount to the client account.The activity is recorded for audit and monitoring.If no sponsor is found, the transaction waits for manual funding.
Not only XRP
Gas Station is not limited to the XRP Ledger. It also supports Solana, Tron and EVM-compatible networks, and uses each chain’s own token for fees. A sponsor account can only fund accounts on the same network.
What changed in the latest release
Earlier versions used a dedicated “bot user” to sign funding transactions. The current release switches to system-signed intents, where the service authenticates through the firm’s identity provider and holds no user signing key. Existing deployments must set this up or automated funding will stop.
What it means for XRP
The tool gives XRP a working role inside Ripple’s institutional custody product. Every sponsored XRPL transaction needs XRP, and XRPL fees are burned when paid.
The effect on demand should be kept in perspective. A standard XRPL transaction costs a fraction of a cent, so the amount of XRP involved is small. The feature shows how XRP is used in practice more than it changes the token’s supply and demand.
Story Ends Here
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TLDR XRP Futures activity remained near its highest levels of the past six months. September futures volume increased compared with August across major exchanges. Binance led September XRP futures trading with about $32.36 billion in volume. Bybit recorded roughly $12.5 billion, while OKX posted about $11.32 billion. High derivatives turnover shows sustained trading activity, though futures volume alone does not determine XRP’s price direction. XRP trading activity continued to strengthen across spot and derivatives markets in September, with XRP Futures volumes remaining near six-month highs. CryptoQuant data shows that major exchanges handled elevated futures activity during the month, even as volumes eased from earlier peaks. The trend points to continued trader participation across leveraged XRP markets. The rise came as traders maintained interest in XRP after stronger market activity during August.
XRP Futures Activity Holds at Elevated Levels CryptoQuant data shows XRP futures volume increased from August into September across major trading platforms. The rise kept monthly activity close to the highest levels seen during the past six months.
XRP Futures Trading Rises in September as Volumes Remain at a Six-Month High
“Higher futures volumes can indicate greater liquidity and more active positioning among traders” – By @ArabxChain pic.twitter.com/4o77aGiICB
— CryptoQuant.com (@cryptoquant_com) October 6, 2026
September did not match the strongest recent futures peaks, but turnover remained high. The data shows traders continued opening and closing positions even after activity cooled from previous record levels.
The futures market remained active while XRP also attracted attention in spot trading. Recent XRP price consolidation kept traders focused on short-term market direction as futures participation stayed elevated.
Higher futures turnover can deepen liquidity because more contracts change hands across exchanges. However, futures volume alone does not confirm a future price move, since derivatives activity can include both long and short positioning.
Binance Leads Major Exchanges Binance recorded about $32.36 billion in XRP futures trading volume during September, according to the data. That total placed the exchange well ahead of other major platforms included in the CryptoQuant figures.
Bybit followed with about $12.5 billion, while OKX recorded roughly $11.32 billion. At the same time, XRP Ledger payment activity remained another area watched by market participants as network use continued drawing attention.
The September figures show that XRP derivatives remained liquid despite the pullback from earlier highs. Strong turnover can make it easier for traders to enter or exit positions without causing large price changes.
Market activity also comes as traders track XRP resistance levels after recent gains. Futures volume may support deeper market liquidity, but price direction still depends on spot demand, broader crypto conditions, and positioning across exchanges.
Ripple, a blockchain firm, has continued its string of investments in the crypto space, becoming part of the consortium of big names investing in crypto exchange OKX.
OKX revealed on Tuesday that the firm had secured investments from Ripple, stablecoin behemoth Circle, quant investment firm Qube Research and Technologies (QRT), and SC Ventures, the VC arm of Standard Chartered. It did this at a valuation of $25 billion (pre-money). Details on the latest investment in the exchange are, however, not disclosed.
The exchange's new round of investment is an extension of its previous funding round. This previous round was led by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. In March, ICE had invested about $200 million in OKX. The valuation then was $25 billion.
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OKX CEO and founder Star Xu revealed that the company did not look for new investors due to a shortage of funds. The company had sought strategic investors aligned with its vision in stablecoins, payments, institutional markets, and financial infrastructure.
OKX is trying to move beyond being a crypto exchange and become a financial technology platform. This platform links crypto markets to traditional finance.
Ripple's investment blitzRipple's investment in OKX is the latest in a string of strategic investments the firm has been making in its bid to expand into the institutional financial market and tokenization.
In August, for instance, the firm announced an investment in two firms: ZILO and Licuido. These firms are focused on digital capital market infrastructure.
Ripple has signed Brevan Howard, a global alternative investment manager, to a multi-asset prime brokerage deal, deepening a relationship that dates back to Ripple’s 2025 funding round.
What the Expanded Deal CoversRipple announced Tuesday that its Ripple Prime unit will provide prime brokerage, clearing and financing services to Brevan Howard funds across both traditional and digital assets.
The company framed the deal as a response to growing demand from large investment managers for prime services built on a single, regulated platform.
Ripple Prime President Noel Kimmel called Brevan Howard’s trust a recognition of the firm’s cross-asset capabilities.
“There are few firms equipped to provide the next generation of prime services that sophisticated investors expect, and Brevan Howard’s trust in Ripple Prime is recognition of our strong competitive position and cross-asset capabilities,” Kimmel said.
Moreover, Brevan Howard Group COO Alan McGroarty pointed to the growing overlap between digital and traditional markets as the reason behind the deal.
“Ripple has built a differentiated platform that we expect will provide our investment teams with increased operational ease and capital efficiency,” McGroarty said.
The relationship isn’t new. Funds tied to Brevan Howard took part in Ripple’s $500 million strategic funding round in 2025.
Why Leverage Hasn’t Caught Up to XRP’s RallyWidely-followed crypto analyst Rain posted on X that XRP (CRYPTO: XRP) gained more than 43% last quarter, yet leverage in the derivatives market still hasn’t followed:
Exchange reserves: Binance and Upbit fell by about 104.7 million XRP over the same stretch. Large wallets: holdings of 10 million to 100 million XRP grew from 12.48 billion to 13.8 billion tokens in the past month. ETF inflows: 12 straight weeks positive, but the latest week slowed to $4.74 million from $75.6 million. Open interest: Binance’s XRP figure sits near $517 million, down from roughly $1.3 billion last October. Rain reads this as coins moving from exchanges into larger wallets rather than traders piling on leverage, and asks whether a break above $1.53 could finally bring leveraged buyers back in.
Why One Chart Watcher Sees $2 Coming Back Into ViewCrypto analyst Moustache posted on X that XRP’s weekly chart shows a potential inverse head-and-shoulders pattern, with price near $1.50 approaching neckline resistance around $1.55.
A confirmed breakout could open the door toward $2 to $2.10, while the pattern’s right shoulder marks support near $1.30.
Photo via Shutterstock
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The protocol's first cover positions went to two Sentora vaults, with payouts standing behind 50.2 million XRP staked on Flare. Claims are decided by a five-firm consortium on a three-of-five vote, and the coverage contracts' audits are listed as coming soon.
The protocol's first cover positions went to two Sentora vaults, with payouts standing behind 50.2 million XRP staked on Flare. Claims are decided by a five-firm consortium on a three-of-five vote, and the coverage contracts' audits are listed as coming soon.
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XRP Price Chasing Its Tail Despite 3 October Catalysts
Ahmed Barakat
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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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XRP price trades near $1.50 today as Evernorth’s expected Nasdaq debut under XRPN and two conditional XRP Ledger upgrades approached for October 8-9. Right now, bulls still face resistance around $1.55.
The price action shows little aggressive front-running of the catalyst calendar. A sustained break above $1.55 could put $1.63 in view; without confirmation, $1.45 remains the key downside reference.
Evernorth’s XRPN Debut and Expanding AccessArmada Acquisition Corp. II shareholders approved the business combination with Evernorth on September 30. The transaction is expected to close on October 7, with the combined company’s Nasdaq trading under ticker XRPN scheduled to begin on October 8.
The Nasdaq building in New York City.At closing, Evernorth expects to hold 473 million XRP and receive about $300 million in gross cash proceeds. The company has framed the listing as a regulated, transparent route for investors to gain XRP exposure, but that is exposure through company shares, not a direct spot purchase of the token.
That distinction is the market’s key test. XRPN could attract capital and raise Evernorth’s profile without producing equivalent XRP buying, unless the company’s treasury activity or partnerships translate into measurable token demand.
The approved treasury transaction is part of the Evernorth XRP treasury plan, but approval alone does not settle how the public listing will affect spot flows.
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XRP Ledger Upgrade Two XRP Ledger upgrades could activate around the same window, provided validator support stays above the required threshold. PermissionDelegationV1_1 could activate around October 8, allowing one account to grant another narrowly defined permissions, such as making payments or approving customers, without handing over full control keys.
BatchV1_1 could follow around October 9. It would let users group as many as eight transactions, including all-or-nothing exchanges that could make delivery-versus-payment workflows for tokenized assets more practical. These functions give the XRP Ledger upgrades institutional relevance.
The amendments may improve how financial firms handle permissions and linked transactions on the ledger. They do not, by themselves, establish that banks or asset managers will adopt the features at scale or that adoption will create sustained buying pressure for XRP.
Governance and activation procedures remain part of the market’s assessment of proposed ledger changes, as the XRPL amendment process illustrates.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Could Positioning Be the Decisive Factor for the XRP Price?Large-holder balances changed little over the preceding week, while Binance XRP open interest stood at about $516.6 million. That was above 2026 lows but far below the more than $1.3 billion recorded around October 2025. CryptoQuant analyst R3N characterized the positioning as less leveraged and more cautious.
Lower open interest leaves room for leverage to rebuild if a catalyst draws traders in, but it also confirms that derivatives participants were not aggressively positioned ahead of the dates. The gap between improved infrastructure and confirmed incremental demand for tokens remains unresolved; XRPN shares are not XRP, and a software upgrade is not a flow metric.
ScenarioWhat would support itPrice implicationBreakoutXRPN begins trading, both amendments activate, and buyers sustain a move above resistance$1.62-$1.63 becomes a potential testRangeThe listing draws attention, but does not produce clear spot-XRP demandXRP remains capped below $1.55FailureValidator support resets an activation clock or price rejects $1.53-$1.55$1.45 remains the key downside referenceOn the chart, the immediate hurdle is a sustained break above $1.55. The source’s technical framing places the next potential area near $1.63.
A rejection around $1.53-$1.55 would leave XRP vulnerable to a move back toward $1.45. The October XRP price setup likewise puts resistance and downside levels at the center of the near-term debate, but the catalyst dates alone cannot confirm direction.
The October catalysts create a test, not a guaranteed repricing. A close above $1.55 with follow-through would show buyers responding to the calendar; absent that confirmation, XRP’s muted price and subdued positioning argue against treating institutional access or protocol upgrades as already delivered demand.
An XRP enthusiast using the moniker XRP Whale has sparked debate on social media after asserting that owning over 5,000 XRP would be enough to secure millionaire status for holders.
In a recent post on X, XRP Whale declared, “If you HOLD +5,000 XRP, you are set for life! You will be a millionaire!” The message, accompanied by the hashtag #XRP, suggested that holding this amount could eventually deliver life-changing wealth.
The claim, however, appears optimistic if current market prices are considered. Mathematical calculations highlight that for a 5,000 XRP holding to equal $1 million, the token would need to appreciate significantly. At the time of the conversation, XRP would have to reach $200 per token to meet the threshold.
Skepticism quickly emerged among other users. Some directly questioned whether merely holding 5,000 XRP could result in financial security, given the vast price increase required.
XRP Whale’s statement circulated widely: “If you HOLD +5,000 XRP, you are set for life! You will be a millionaire!”
A user named Pablo responded by recalculating the current value, stating, “Lie, 5,000 X 1.50 = 7,500,” and asking, “You’ll get rich in which country in the world?” Pablo pointed out that at a price of $1.50 per XRP, a 5,000-coin position amounts to just $7,500, far below millionaire status.
Another contributor, going by the handle HenriPcr, brought up XRP’s technical divisibility. He explained that each XRP splits into one million units called drops and suggested that even at an extreme price of $10,000 per token, a single drop would be worth only one cent.
HenriPcr also mentioned the efficiency of the XRP Ledger, which is the decentralized blockchain powering XRP. Transactions on the ledger typically cost about 10 drops, meaning that a 5,000 XRP holding would contain more than 1 million drops.
Mini dictionary: Drops – The smallest unit of XRP, where 1 XRP equals 1,000,000 drops. Drops are used for measuring transaction fees and balances on the XRP Ledger.
Realistic path to a $1 million holdingFor 5,000 XRP to be valued at $1 million, XRP’s price would need to reach $200. This goal represents an extraordinary increase from current and recent trading levels, where the price typically ranges from $0.50 to $2.50.
Achieving a $200 token price would also send XRP’s market capitalization soaring. With a circulating supply of roughly 62 billion XRP, a $200 rate would create a market capitalization of about $12.4 trillion. If calculated based on the maximum possible supply of 100 billion XRP, the token’s fully diluted market cap would reach $20 trillion.
MetricCurrent LevelRequired for $1M (per 5,000 XRP)XRP Price$1.50$200Value of 5,000 XRP$7,500$1,000,000Market Cap (circulating)Approx. $90 billionApprox. $12.4 trillionSuch a valuation leap would eclipse the total market capitalization of all cryptocurrencies combined at present, implying seismic shifts across the entire financial sector.
For 5,000 XRP to equal $1 million, the price per token must reach $200—a target that would require market capitalization levels previously unseen in the crypto world.
Extreme scenarios requiredTo realize a $200 price for XRP, analysts say extraordinary factors would need to align. Possible catalysts might include mass institutional adoption of the XRP Ledger for payments, widespread asset tokenization using the network, or a surge in global demand for XRP as a bridge currency in settlements.
Others suggest that extraordinary global monetary changes or a dramatic reduction in available supply could impact price. However, none of these scenarios make millionaire outcomes for 5,000 XRP a near-term certainty.
In summary, while social media personalities like XRP Whale continue to promote ambitious price targets, market data and community feedback point to the immense growth needed for such predictions to materialize.
Bitcoin (CRYPTO: BTC) liquidity across major centralized exchanges surged nearly 50% in 2026, widening its lead over Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL).
XRP (CRYPTO: XRP) stood out with substantially more capital sitting on the bid side of its order books and Dogecoin (CRYPTO: DOGE) remained the least liquid, according to a CoinGecko report published Tuesday.
Across eight major centralized exchanges included in CoinGecko’s study, Bitcoin recorded median cumulative depth of roughly $29 million on the buy side and $37 million on the sell side.
Binance remains the deepest venue, accounting for 25.3% of total BTC liquidity across the exchanges studied.
The deeper books suggest larger trades can be absorbed with less slippage, strengthening Bitcoin’s position as the crypto market’s most institutionally accessible asset.
Why Is ETH, SOL Liquidity Shrinking?Ethereum moved in the opposite direction. Median ETH liquidity stands at roughly $13 million to $14 million within a 0.15% range, equivalent to just 35% to 45% of Bitcoin’s depth.
In 2025, ETH orderbook liquidity was at least 60% of Bitcoin’s within a comparable range.
Solana saw an even clearer deterioration. Single-sided liquidity across the eight exchanges dropped more than 28.5%, from roughly $28 million in 2025 to about $20 million this year.
Coinbase (NASDAQ:COIN) emerges as the dominant SOL venue further away from the market price, with more than $6 million in buy-side liquidity and $4 million in sell-side liquidity within the broader 2% range.
XRP Bids Outpace Sellers, Dogecoin Remains ShallowestXRP’s overall liquidity remains relatively stable from 2025, but its order book has become noticeably skewed toward buyers.
Across the exchanges, XRP has nearly $18 million in bids compared with $14 million in asks.
Despite XRP’s larger market capitalization, Solana still has deeper cumulative liquidity within the 2% range, supported by roughly 25% higher average daily trading volume.
Dogecoin remains the least liquid of the five cryptocurrencies studied, recording only around $9 million to $12 million in single-sided liquidity within 2%.
The relatively shallow DOGE books leave the meme coin more exposed to slippage and larger price swings from sizable trades, with only a handful of exchanges providing more than $1 million in meaningful market depth.
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A leadership change has taken place in the most tangible segment of the real-world asset (RWA) tokenization market. XRP Ledger (XRPL), long viewed primarily as a network for cross-border interbank settlements, has officially overtaken Ethereum in the growth of tokenized commodity market capitalization.
Joint data from analytics platforms Token Terminal and RWA Foundation for October 2026 recorded this tectonic shift: since the start of the year, net capital inflows into tokenized commodities on XRPL totaled $2.2 billion. Ethereum attracted $1.6 billion over the same period, moving into second place.
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Other major L1 networks fell well behind the market leaders: Avalanche ranked third with $334.5 million, followed by BNB Chain with $57.5 million.
Why industrial businesses are choosing XRPL over EthereumThe shift in leadership is driven by fundamental differences in the networks' architecture. Unlike Ethereum, where issuing assets involves unpredictable gas costs and requires developers to write complex smart contracts, XRP Ledger lets users tokenize real-world assets at the protocol level. Its built-in IOU mechanism reduces transaction costs to fractions of a cent, while settlement takes just 3–5 seconds.
XRP Ledger leads YTD tokenized commodity market cap growth, ahead of Ethereum, Source: RWA Foundation / Token TerminalThe main driver that enabled XRPL to overtake Ethereum was the energy sector. The largest share of liquidity came from the launch of tokenized electricity-generation contracts, JMWH, by Latin American company Justoken.
Where the new money is goingAccording to on-chain data from RWA.xyz as of October 5, 2026, XRPL's rise to the top triggered a sharp increase in activity across the network:
Monthly RWA transfer volume increased more than 224-fold, reaching a record $7.03 billion.The total value of represented assets (Represented Asset Value) rose 56% in 30 days to $4.52 billion.XRPL's stablecoin market capitalization reached $1.25 billion, largely thanks to the integration of the new native token RLUSD. Monthly stablecoin turnover totaled $5.01 billion. You Might Also Like
Alongside the commodities market, major players from adjacent RWA sectors are beginning to adopt XRPL infrastructure. The ecosystem now includes investment fund Franklin Templeton ($48.3 million), platform Ondo Finance ($187.5 million), and Middle Eastern developer DAMAC, which tokenized pools of ownership stakes in premium Dubai real estate projects Park Ridge Tower, Prive, and J One.
Ethereum retains global dominance in the total value of RWA assets locked, primarily thanks to U.S. government bonds. But in physical goods and commodities, industrial capital has shown a clear preference for Ripple-backed technology.
XRP Ledger (XRPL), previously recognized for its role in cross-border financial settlements, has surpassed Ethereum in the tokenized commodity market, establishing itself as the leading network for real-world asset (RWA) tokenization in this sector.
XRPL leads in tokenized commoditiesData compiled by analytics platforms Token Terminal and RWA Foundation for October 2026 showed that XRPL recorded net capital inflows of $2.2 billion into tokenized commodities since the beginning of the year. During the same period, Ethereum attracted $1.6 billion, placing it second in the ranking.
Other prominent layer-1 blockchain networks lagged significantly behind the two leaders. Avalanche registered $334.5 million in capital inflows, and BNB Chain remained further down the list with $57.5 million.
XRPL’s emergence as the new front-runner marks a notable shift in the rapidly evolving RWA tokenization space. This segment, which involves bringing real-world commodities and financial contracts onto blockchain platforms as digital tokens, has become a focal point for both traditional industry players and blockchain innovators.
NetworkTokenized Commodity Capital Inflow (2026 YTD)XRPL$2.2 billionEthereum$1.6 billionAvalanche$334.5 millionBNB Chain$57.5 millionWhy industrial businesses are choosing XRPLIndustry experts attribute XRPL’s edge over Ethereum to architectural differences between the platforms. While Ethereum requires asset issuers to handle variable gas fees and develop intricate smart contracts, XRPL enables native tokenization of real-world assets through its built-in IOU mechanism. This approach reduces transaction fees to fractions of a cent and accelerates settlement times to between 3 and 5 seconds.
The decisive factor in XRPL’s recent growth was surging activity from industrial players, particularly in the energy sector. Latin American company Justoken contributed a large share of liquidity by launching tokenized electricity-generation contracts, known as JMWH, on XRPL’s platform.
On-chain data from RWA.xyz as of early October 2026 revealed sharp increases in XRPL activity. Monthly RWA transfer volume grew more than 224 times, reaching a peak of $7.03 billion. The total represented asset value rose 56% within 30 days to $4.52 billion. XRPL’s stablecoin market capitalization climbed to $1.25 billion, mainly due to the addition of the new RLUSD token, with monthly stablecoin turnover reaching $5.01 billion.
XRPL enables users to issue and transfer real-world assets at the protocol level, reducing costs and simplifying the process for businesses compared to networks like Ethereum.
Mini dictionary: IOU mechanism — An IOU (I Owe You) is a protocol-level feature on XRPL that allows users to issue tokens representing real-world assets, such as commodities or currencies, directly on the blockchain without the need for complex smart contracts.
Growth beyond commoditiesXRPL’s influence extends beyond commodities. Well-known traditional institutions and blockchain projects have integrated with its infrastructure. These include Franklin Templeton, a leading global investment management firm with $48.3 million in tokenized assets on XRPL; Ondo Finance, which has placed $187.5 million on the network; and Middle Eastern real estate company DAMAC, responsible for tokenizing ownership stakes in Dubai properties like Park Ridge Tower, Prive, and J One.
Despite XRPL’s success in commodity and physical asset tokenization, Ethereum maintains a strong global lead in overall RWA value locked, thanks primarily to tokenized U.S. government bonds. However, in the realm of physical goods and commodities, industrial capital is visibly shifting toward XRPL’s Ripple-backed technology.
While Ethereum holds the advantage in tokenized government bonds, XRPL has established itself as the network of choice for tokenizing industrial commodities and physical assets.
The @CFTC has publicly identified six cryptocurrencies as digital commodities under the joint market taxonomy it developed with the SEC, a move that removes years of legal uncertainty for some of the industry's most widely traded assets.
What the Digital Commodity Label Means
For $XLM and $XRP specifically, this settles longstanding questions about their regulatory standing in the United States.
CFTC Takes Sole Jurisdiction Over Spot and Derivatives Markets That jurisdictional clarity is significant: it means exchanges listing spot or derivatives products for $BTC, $ETH, $SOL, $XLM, $XRP, and $XTZ now have a single primary regulator to answer to, rather than navigating overlapping SEC and CFTC oversight.
Sources:
Forvis Mazars: SEC & CFTC Issue Historic Crypto Asset Framework
Bitcoin.com News: US Regulators Recognize XRP's Non-Security Status
Ballard Spahr: SEC and CFTC Clarify When Digital Assets Are and Are Not Securities
Peter Brandt, a seasoned analyst who recently heavily criticized XRP and called it “dumb money,” has released a new analysis.
This time, Peter Brandt compared XRP to Monero, Solana, and Ethereum, but stated that he preferred the charts of XMR, SOL, and ETH over XRP.
He Explained the Possible Target and Obstacles for XRP! Popular analyst Peter Brandt stated that XRP’s current technical outlook points to a potential move towards $2.16. However, Brandt emphasized that this target is not certain and noted that XRP faces significant selling pressure.
First, the analyst noted that he identified a cup and handle pattern on XRP’s chart based on daily closing prices. According to Brandt, this pattern could evolve into the right shoulder of an inverse head and shoulders structure on a larger timeframe. At this point, Brandt calculated a potential target of $2.16 for XRP, representing approximately a 43% increase from the current price of $1.50.
However, Brandt also noted that the formation is not yet perfectly formed, and while he believes in measured movements in technical analysis, he particularly emphasized that price targets should not be considered as definitive results.
The analyst stated that the biggest obstacle facing XRP is its oversupply, noting that there is too much oversupply in XRP, which poses a significant impediment to its upward movement.
According to the analyst, investors who bought XRP at higher levels may create new resistance areas during the uptrend if they sell when the price reaches these levels again.
Brandt, who recently described XRP as “fool’s money,” has once again made it clear with this post that he is not interested in XRP’s fundamental characteristics.
“…I’m not at all interested in the fundamentals of XRP or any cryptocurrency other than BTC. XRP fans, please don’t take this as an insult. I trade based on price. Price is the only thing that matters to me.”
Which Altcoins Does He Prefer Instead of XRP? Brandt, continuing his criticism of XRP, also compared its technical appearance to Monero, Solana, and Ether.
The trader, noting that he found Monero’s chart particularly strong than XRP’s, stated that the past supply in XMR has been largely absorbed and there is less resistance in front of the price.
Brandt, who also assessed Solana’s cup-and-handle formation as stronger than XRP’s, said that although Ethereum has intense price volatility, it doesn’t have as significant upsupply pressure as XRP.
However, Brandt added that Monero was by far his favorite among the assets he compared.
“…My absolute favorite among these is XMR. I don’t know the basic narrative. And I don’t need to know it.”
*This is not investment advice.
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Several crypto analysts are again putting big numbers on the table for a potential bullish cycle. Bitcoin at $190,000. Ethereum near $9,000. XRP above $30. Solana above $2,700. These are some of the wild, ambitious targets being described by popular figures.
The targets vary wildly, and so does the reasoning behind them. Some analysts are looking at multi-year chart patterns. Others see more immediate signals that could shape the next move.
Note: None of these levels are forecasts with certainty. They show where traders think prices could go if key technical conditions are met.
Bitcoin and Ethereum Targets Are Turning BullishFor Bitcoin, analyst Ali Martinez is watching a rising channel that has developed over roughly two years.
His chart places major resistance around $125,000. A confirmed breakout could open a move toward $190,000.
Michaël van de Poppe is taking a more cautious view. He argues Bitcoin’s low volatility and slow climb are healthy rather than signs that momentum has disappeared.
The pitcure of #Bitcoin remains to be the same.
Not much volatility happening on the markets, and just a slow grind upwards.
To be honest, that's completely fine for me. pic.twitter.com/KGwzPqeInp
— Michaël van de Poppe (@CryptoMichNL) October 6, 2026 Ethereum is attracting similarly bullish calls.
Martinez sees resistance around $5,000, with a successful breakout potentially putting $8,800 in play.
MerlijnTrader is watching a different signal. Ethereum has formed its third golden cross on the two-day chart since 2023. According to his analysis, the previous two were followed by rallies of close to 100%.
You've seen this $ETH signal twice before.
Both golden crosses on the 2D since 2023 were followed by a move of nearly 100%.
Number three just printed.
You know what that means. pic.twitter.com/kxI8GE1WHo
— Merlijn The Trader (@MerlijnTrader) October 5, 2026 XRP and Solana Bring the Biggest TargetsThe more aggressive projections are appearing further down the market.
Martinez sees an ascending triangle on XRP, with resistance around $3.66. His measured breakout target sits near $31.87.
Moustache is focused on a much nearer hurdle. He sees an inverse head-and-shoulders setup that could help XRP reclaim $2, ending his outlook with a simple: “Send it.”
Solana has produced an even more eye-catching projection. Martinez’s cup-and-handle setup points to resistance near $295 and a possible long-term target around $2,744.
Sweep sees more risk first. His view is that Solana remains in an accumulation phase and could fall below $110 before another expansion begins.
$SOL is doing exactly what it did last month
First expansion and then accumulation
Right now SOL is in the accumulation phase with a drop below $110 possible
Once that completes the next leg up will start pic.twitter.com/t5OJNANx6j
— Sweep (@0xSweep) October 4, 2026 The numbers make for dramatic headlines. The important part comes before them: every projection depends on the underlying pattern actually breaking out and holding.
Until that happens, these remain scenarios rather than price destinations.
Bitcoin and XRP slip as NEAR and Quant advance. October 6 crypto analysis covers five coins, key chart levels, and conditional bullish and bearish scenarios.
Bitcoin Holds Above Its Rising 20-Day Average Bitcoin closed October 5 at $85,751.50 on Kraken, down 0.88% from $86,510.40. The session reached $86,973.60 before retreating, extending the pattern of approaches toward late-September resistance without a sustained daily break above it.
BTC/USD daily candles with the 20-day SMA; resistance remains concentrated around $86,974–$87,447. The 20-day simple moving average rose to $83,365.08 from $82,856.76. BTC Price remains above that rising average, preserving the broader recovery even as the latest candle weakened. The average sits below the immediate trading range, offering a deeper support reference rather than evidence that resistance has broken.
Monday’s report identified an unresolved resistance test. That condition persists: a daily close above $86,973.60 would clear the latest session high, while $87,229–$87,446.70 contains the October 2 and September swing highs on Kraken. A close above $87,446.70, followed by a successful retest, would provide stronger confirmation of range expansion.
The October 5 low at $84,965.70 is the first downside reference, followed by October 3’s $84,431.70 low. Losing $84,431.70 on a daily close would weaken the immediate recovery and expose $83,860.70, then the rising average. Bitcoin’s aggregate quote also fell from Monday’s $86,081 snapshot to $85,489, approximately 0.69% between reports.
XRP Momentum Cools While the Range Holds XRP ended October 5 at $1.50748, down 0.83% from $1.52016. Its $1.53087 session high reached the lower edge of the resistance band discussed Monday, but the daily close remained beneath that boundary.
XRP/USD daily candles and Wilder RSI (14), which eased to 57.04 on the latest completed session. Daily RSI, calculated over 14 periods with Wilder smoothing, eased to 57.04 from 58.93. Momentum remains above the neutral 50 line, although the decline shows that the latest session did not extend the prior recovery. This is a cooling momentum reading, not an oversold signal or a confirmed bearish reversal.
Initial support lies at $1.48629, Monday’s low, and $1.47398, the October 1 low. A close below $1.47398 would shift attention toward the October 2 low of $1.44698 and weaken the range’s lower support structure.
For an upside attempt, XRP first needs a close above $1.53087. Clearing the September 29 high at $1.56056 would offer stronger confirmation and reopen $1.61. A subsequent return below $1.53 would weaken that breakout scenario. The central conclusion is unchanged from Monday: XRP has recovered from lower levels, but its principal resistance band remains intact.
NEAR Rebounds Toward the 78.6% Retracement NEAR closed October 5 at $5.2903, up 7.61% from $4.9160, after reaching $5.3179. The close extended its recovery from the October 2 low but remained below the early-October and late-September highs.
NEAR/USD retracement levels of the October 1–2 downswing; the latest close is between 61.8% and 78.6%. The Fibonacci map measures an upward retracement of the downswing from the October 1 high of $5.5281 to the October 2 low of $4.5901. The 38.2%, 50%, 61.8% and 78.6% recovery levels are $4.9484, $5.0591, $5.1698 and $5.3274, respectively.
Monday’s close reclaimed the 61.8% level but stopped below 78.6%. A completed daily close above $5.3274 would strengthen the recovery toward $5.5281. Beyond that, the September 27 high at $5.5778 remains the visible resistance reference. No extension target is assumed before those highs are cleared.
Holding $5.1698 would preserve the latest retracement recovery. A close back below it would weaken that signal and expose $5.0591, followed by $4.9484. Losing Monday’s $4.8125 low would provide a clearer price-structure invalidation. The earlier rally remains visible on the daily chart, but the rebound has not yet produced a new swing high.
Solana Consolidates Above the Bollinger Midpoint Solana closed October 5 at $120.76, down 0.67% from $121.57. Its $122.04 daily high fell short of October 4’s $122.25 high, while the session low reached $118.93.
SOL/USD with Bollinger Bands: price remains inside the bands and above the 20-day midpoint. Daily Bollinger Bands, using a 20-day simple moving average and two population standard deviations, place the midpoint at $116.237, the upper band at $128.828 and the lower band at $103.646. SOL remains above the midpoint and inside the envelope. That combination supports a consolidation interpretation rather than a confirmed breakout.
A daily close above $122.25 would improve the immediate structure, but October 2’s $123.74 high and September 27’s $124.91 high remain further obstacles. Clearing $124.91 would make the changing upper band a relevant upside reference; it is not a guaranteed destination.
Support begins around $118.50–$118.93. A close below $118.50 would expose the recent $116.33–$117.21 lows and the nearby Bollinger midpoint. Losing that cluster would weaken the recovery structure, while a return below $122.25 after an upside break would invalidate the initial breakout attempt.
Quant Gains as Its MACD Histogram Contracts Quant closed October 5 at $262.88, up 4.16% from $252.39. The candle recovered from a $245.43 low but remained below October 3’s $269.99 high and October 4’s $278.28 high.
QNT/USD and daily MACD (12,26,9): the histogram remains positive but has contracted for five consecutive sessions. Daily MACD, using 12-, 26-, and nine-period exponential moving averages, stood at 53.02 against a signal line of 43.50. Both were above zero, with MACD still above its signal. However, the positive histogram narrowed to 9.51 from 11.76, extending its contraction across the latest five sessions.
That is slower positive momentum, not a newly confirmed bearish line/signal crossover. The distinction matters because QNT rose on the latest candle even as the gap between the MACD and signal lines narrowed.
A daily close above $269.99 would improve the short-term recovery, with $278.28 the next test. Clearing that level would reopen the September 30 closing area near $286.92 and October 1’s $306.10 high.
Conversely, a close below $245.43 would expose $237.31; losing that support would weaken the recovery and bring October 2’s $222.33 low into view. A return below $269.99 after a breakout would undermine the bullish confirmation.
As the market continues to recover, analyst Ali Martinez has mentioned three coins that could break out this week,
XRP, Quant (QNT), and Injective (INJ): Notably, the three assets show different bullish structures, with XRP testing a major triangle breakout level, Quant attempting to extend a historic monthly rally, and Injective retesting a cup and handle pattern.
XRP Moves Above Descending Triangle XRP has moved above a key four-hour descending resistance line, with the next test being whether price can hold the breakout and turn former resistance into support.
Chart data shows that XRP entered the descending triangle after falling from $1.6569 on Sept. 23. The pattern developed as the price continued to move lower, with XRP making two attempts to break above its upper resistance trendline.
The first attempt came on Sept. 25, when XRP climbed to $1.6288. However, resistance at this level stopped the move and sent the price lower. XRP later recovered and made another attempt, reaching $1.5533 on Oct. 2, but the resistance again forced a pullback.
XRP 4h Chart | Source: Ali Martinez The next recovery pushed XRP back toward the upper resistance line. The price reached $1.49 on Oct. 4 and then broke above the trendline, taking XRP out of the multi-week descending triangle. XRP has since moved above $1.50 and currently trades at $1.5036.
A pullback could now send XRP back to test the breakout level. The key point is whether XRP can hold $1.50 as support during that retest. If the level holds, the next target could come at $1.62.
Quant Looks to Extend Its Huge September Gain Quant also enters the week after a very strong September. Notably, QNT jumped 369% last month, rising from $61.21 to $286.84. The move marked Quant’s strongest monthly gain on record, beating the previous 301% gain from June 2019.
QNT has, however, started to give back some of those gains in October. The token is down 10.7% this month and currently trades at $256. The recent decline leaves the market watching to see whether Quant can regain its upward momentum.
Quant 1h Chart | Source: Ali Martinez The $262 level is now the important level on the chart. An hourly close above $262 would confirm the breakout setup and could put $315 in focus. If the move continues, the next target would be $344.
Injective Retests Key $7.33 Level Injective has also produced a bullish setup after appearing to break out of a cup-and-handle pattern. INJ is now retesting the neckline near $7.33, making that level important for the next move.
The cup started forming after Injective fell from $7.9 in November 2025. This decline continued until INJ reached $2.7 in April 2026. The token then recovered and climbed to $7.2 by June 2026, completing the cup.
Injective 4h Chart | Source: Ali Martinez Meanwhile, the handle formed as INJ fell from the $7.2 high to lows around $3.9. The token then recovered and reached its current price of $7.5. The latest move has brought INJ back toward the $7.33 neckline after the apparent breakout.
Buyers now need to defend $7.33 for the bullish setup to remain intact. If they hold the level and buying momentum increases, the pattern suggests a potential target of $13.40.
XRP is drawing attention from cryptocurrency analysts after moving closer to a pivotal resistance level identified at $1.5692. Dark Defender, a widely followed crypto analyst known for his technical chart studies, has described this price as “the Gate”—a threshold that could determine the asset’s next major directional move.
Key technical resistance: “the Gate”As of now, XRP is trading near $1.52, putting the token within striking distance of the $1.5692 target highlighted by Dark Defender. This level aligns with the 85.40% Fibonacci extension on his weekly analysis and also coincides with a descending yellow trendline that has served as resistance since early 2025.
This trendline follows XRP’s notable price surge of over 500% after a major rally in 2025. As the price approaches both the trendline and the Fibonacci target, the overlap forms a significant technical zone that traders are watching closely for potential breakout signals.
Dark Defender has described XRP as “very close to the Gate, $1.5692.” He has suggested that surpassing the yellow resistance could result in a much faster upward move, using the phrase “move at light speed.”
Mini dictionary: Fibonacci extension, a technical analysis method that projects potential price targets using mathematical ratios derived from the Fibonacci sequence. It is often used to forecast support and resistance zones beyond standard retracement levels.
Targets above “the Gate”The analyst’s weekly chart marks several Fibonacci extension targets beyond the $1.5692 threshold. These include $1.8815 (161.80% extension), $2.9032 (200%), $4.1043 (261.80%), and $7.0786 (361.80%). Dark Defender regards these levels as sequential targets should XRP break through the critical resistance area.
Meanwhile, the Ichimoku cloud—a trend-following technical indicator—shows that XRP has been trading beneath a bearish cloud configuration since 2025, highlighting ongoing resistance. A green marker at the $1.5692 level underlines its importance in the analyst’s scenario.
Fibonacci ExtensionPrice Target85.40%$1.5692161.80%$1.8815200.00%$2.9032261.80%$4.1043361.80%$7.0786Breakout scenario and price historyDark Defender argues that a decisive break above $1.5692, alongside a weekly close above the descending trendline, would confirm a bullish breakout. This scenario could allow XRP to reach successive Fibonacci price objectives, assuming positive follow-through.
The analyst also references recent “Moon” signals marked on his chart at major lows, including around $0.49 in late 2024 and near $0.90 in August when XRP surged more than 50% in just 65 hours. These past signals added to the optimism regarding a potential rally following a resistance breakout.
Dark Defender emphasizes the significance of “the Gate” at $1.5692 and reiterates his conviction that a break of both this level and the trendline resistance could prompt an accelerated move toward higher targets.
Present price conditionsXRP is currently trading near $1.52, leaving the token approximately 1.4% below the resistance area identified by the analyst. The all-time high for XRP stands at $3.66, recorded in July 2025. Price activity in the coming trading sessions will determine whether XRP can decisively clear “the Gate” and initiate a new upward trend.
XRP, the cryptocurrency linked to Ripple, is approaching a critical technical level that could determine whether its latest recovery will continue. Market watcher Austin Hilton reported that if XRP maintains support at $1.50, clears resistance at $1.55, and sustains its momentum, it could rally as much as 60% from current levels.
Key levels for the breakoutHilton observed that XRP was trading around $1.50 when he conducted his analysis. He identified this price as a vital support zone, emphasizing that XRP must hold this level to prevent a deeper pullback.
According to Hilton, the next immediate challenge for XRP is breaking through $1.55. He noted this level represents the upper boundary of the cryptocurrency’s recent descending structure.
If XRP manages to move above $1.55 and retains this breakout, Hilton believes the path could open toward higher Fibonacci retracement levels, often used by technical analysts to forecast potential upside momentum.
XRP needs to hold $1.50 as support and decisively break above $1.55. If the breakout is maintained, further gains toward higher targets could follow, based on previous rally patterns.
The analyst highlighted three key Fibonacci targets: $2.18, $2.40, and $2.57. These levels would likely come into play if XRP successfully establishes support above $1.55 and continues its upward trajectory.
Historical rally and target projectionHilton’s bullish projection stems from XRP’s prior performance during a similar technical setup. He referenced a 56.83% rally where XRP surged from about $0.99 to $1.55, using this advance as a direct comparison for the current scenario.
If XRP repeats a comparable percentage move from its present price area, Hilton calculated a potential target near $2.43. This would represent an approximate 60% gain from the trading levels discussed in his analysis.
Key LevelDescription$1.50Main support to hold for next move$1.55Breakout resistance and upper boundary$2.18, $2.40, $2.57Fibonacci-based upside targets$2.43Target if prior 56.83% rally is repeatedHilton also addressed XRP’s prior decline toward the $1.27–$1.30 range, which he attributed to broader market concerns. These included emerging unemployment data, decisions by the US Federal Reserve, and various geopolitical events.
Despite these setbacks, XRP has rebounded to the $1.50 region. Hilton stated that the cryptocurrency’s ability to hold above $1.50 and then break through $1.55 with sustained momentum is crucial for initiating a stronger rally.
For now, Hilton is watching whether XRP can maintain support at $1.50, clear $1.55, and hold those gains. If these conditions are met, his technical analysis points to the $2.18–$2.57 region as likely targets, with $2.43 standing out as the main projection based on previous performance.
Mini dictionary: Austin Hilton is a cryptocurrency commentator and market analyst known for providing technical analysis and trading outlooks, particularly focused on digital assets such as XRP.
Hilton’s target is based on a previous 56.83% rally in XRP, suggesting a repeat could see the asset reach approximately $2.43 if the key levels are captured and held.
At present, the pivotal levels for XRP remain the $1.50 and $1.55 price points, which analysts view as essential milestones before potentially higher targets are achievable.
XRP remains steady near $1.50 despite a flurry of significant upcoming developments expected in October. Three notable events, including Evernorth’s planned Nasdaq listing under the ticker XRPN and two potential XRP Ledger software upgrades, are drawing increased attention among institutional and retail investors alike.
Evernorth set for Nasdaq debut, ushers in regulated XRP exposureArmada Acquisition Corp. II shareholders have approved the proposed business combination with Evernorth, clearing the way for the new entity to begin trading as XRPN on Nasdaq, with the debut scheduled for October 8. The transaction is expected to close the day before, setting up Evernorth to bring both its XRP holdings and additional capital to the public market.
At launch, Evernorth aims to hold about 473 million XRP, and the deal is set to generate approximately $300 million in gross cash proceeds. Company chief executive Asheesh Birla described the move as a landmark step toward institutional-grade access for digital asset investors, stating,
“Going public will offer investors a regulated, transparent way to own XRP exposure.”
However, XRPN shares provide indirect exposure to XRP; investors will be buying equity in Evernorth rather than the digital asset itself. This distinction is a key reason trading activity around XRP’s spot price has remained subdued in the lead-up to the listing, as market participants await clear signs that public-market access will drive higher token demand.
XRPL upgrades aim to strengthen institutional appealIn addition to the Nasdaq debut, the XRP Ledger could see two important protocol upgrades within days if required validator support persists. PermissionDelegationV1_1 may activate as soon as October 8, allowing one account to delegate specific transaction rights to another without ceding full control. Industry observers see this as a valuable tool for organizations needing to separate operational and compliance responsibilities.
A subsequent upgrade, BatchV1_1, could follow around October 9. This feature allows grouping up to eight transactions in a single submission, paving the way for more efficient delivery-versus-payment mechanisms in tokenized assets. Ayo Akinyele, engineering lead at RippleX, noted that several projects are already preparing to utilize the Batch feature, with further updates anticipated once the upgrade is complete.
Both protocol changes are designed to bolster the XRP Ledger’s suitability for institutional adoption. However, upgrade dates are contingent on validator approval, and any decline below the threshold would reset the activation process.
Market sentiment cautious amid major catalystsDespite these events, XRP price action displays little reaction. Whales remain on the sidelines and derivative markets point to caution rather than exuberance. Ali Martinez, a prominent crypto analyst, observed that XRP could be nearing a significant breakout, suggesting a four-hour close above the $1.53 level could pave the way for a rise towards $1.62. Still, large XRP holders have shown minimal movement over the previous week, highlighting continued hesitation.
Binance open interest in XRP derivatives currently stands at roughly $516.6 million, according to CryptoQuant analyst R3N. This is higher than the lows recorded earlier in 2026 but well below the more than $1.3 billion seen a year ago. Analysts interpret this as a signal that traders are employing less leverage and maintaining a cautious approach until clear evidence appears that these catalysts will translate into tangible shifts in demand.
Trading activity in XRP derivatives remains well below last year’s highs, underscoring a “less leveraged, more cautious” environment even as events approach that could reshape market structure.
As traders monitor these technical developments and await confirmation that new infrastructure will attract fresh investment, the importance of tracking both on-chain flows and investor strategies grows. Notably, in the rapidly evolving meme token market, an internet trend can swell into millions of dollars of activity within days. Fomo App data points to one standout instance involving the “Niu Lai” token, where a $99 investment turned into approximately $370,000. In this ecosystem, close monitoring of investor timing, token selection, and social sentiment is vital, underscored by platforms like Fomo App, which provide real-time feeds, investor leaderboards, and trade alerts for meme token enthusiasts.
Belle Femme Emmo / Wikimedia Commons (CC BY-SA 4.0)
XRP futures volumes surged in September, maintaining levels not seen in the past six months, according to data from @cryptoquant_com. The increased activity suggests sustained interest in XRP derivatives, with Binance leading the market with $32.36 billion in volume, followed by Bybit at $12.5 billion and OKX at $11.32 billion. This surge in futures volume indicates robust participation and liquidity, although it does not specify whether market participants are leaning towards long or short positions. As of October 6, XRP’s price was noted around $1.50.
Key Takeaways XRP futures volume appears to have increased significantly in September, reaching a six-month high. This activity suggests continued interest and liquidity in XRP derivatives markets. Market pricing implies that the surge in futures activity may be supportive of scenarios where XRP reaches an all-time high by 2026. What to Watch Observers should monitor developments around XRP that could impact its market trajectory, including regulatory actions by the U.S. SEC and potential statements by Ripple’s CEO, Brad Garlinghouse. Additionally, any significant movements in Bitcoin prices or interest rate changes by the Federal Reserve could influence XRP’s market dynamics. Further regulatory developments, such as new lawsuits or XRP ETF inflows, may also be pivotal in shaping the market outlook for XRP reaching a new all-time high by 2026.
Evernorth Holdings Inc. is scheduled to debut its XRP-focused treasury stock, XRPN, on the Nasdaq on October 8, 2026. The listing is set for 9:30 AM Eastern Time, providing investors with an opportunity to access an XRP-associated equity through a major U.S. stock exchange. Kenny Nguyen, a prominent commentator in the crypto community, drew attention to the event, emphasizing its significance for both traditional finance and the XRP ecosystem.
Nasdaq Debut for Evernorth’s XRPNEvernorth Holdings Inc., a US-based company aiming to offer treasury exposure to XRP via a public equity vehicle, filed an Amendment No. 5 to its Form S-4 registration statement with the Securities and Exchange Commission on July 29, 2026. This filing paves the way for XRPN to be accessible to a broad range of investors through standard brokerage platforms.
The planned launch marks one of the first times a company tied to an XRP treasury strategy will be directly tradable on the Nasdaq. According to Kenny Nguyen, the XRPN stock will go live at 9:30 AM Eastern Time, which coincides with the opening bell for Wall Street equities. He characterized the event as a major step for integrating XRP with established financial markets, highlighting the phrase “XRP on Wall Street.”
Kenny Nguyen stated that Evernorth XRP Treasury (XRPN) will begin trading on Nasdaq at 9:30 AM ET, describing the event as “XRP on Wall Street.”
Mini dictionary: Form S-4, a registration statement required by the US Securities and Exchange Commission (SEC) for securities issued in connection with business combinations, mergers, or exchange offers. The filing provides detailed information about the company and the securities being offered to investors.
Evernorth’s registration with the SEC is seen as a move to allow direct institutional access to XRP exposure while providing regulatory oversight over the offering.
Institutional Investors and Community ReactionThe crypto community has reacted with anticipation and debate regarding XRPN’s listing. Commentator XRPBROJJEDAN compared the event to the impact MicroStrategy had on Bitcoin, noting that a dedicated equity instrument like XRPN could make it easier for Wall Street investors, pension funds, and institutional clients to gain exposure to XRP through regulated stock portfolios instead of holding the digital asset directly.
This structure, according to community voices, could appeal to institutional investors by offering a familiar equity investment with potential links to XRP’s market performance. In this context, Evernorth aims to serve investors seeking regulated options to participate in the XRP ecosystem through traditional financial channels.
XRPBROJJEDAN stated that an equity vehicle like XRPN could simplify XRP exposure for institutional investors through compliant brokerage systems while allowing access via a public company rather than direct ownership of XRP.
Nguyen continued to highlight the Nasdaq debut of XRPN, framing it as a milestone for XRP’s presence in the U.S. equities market.
XRP Price Concerns and Further DebateSome community members voiced concerns about XRP’s recent price performance, questioning whether the current market conditions justify holding significant XRP allocations. MAGMA X, for example, expressed disappointment with XRP’s price and criticized high price predictions circulating within the community.
Conversely, commenter Scott Andrews offered a more positive perspective, suggesting that XRPN’s launch could help transition XRP into its “next stage,” with possible benefits for international liquidity and integration into global financial infrastructure subject to ISO compliance.
If Evernorth’s XRPN trading proceeds as planned, the market will gain a publicly listed company providing exposure to XRP via an equity model, bringing XRP-linked investment options further into the mainstream U.S. financial landscape.
