In brief Derive now accepts Flare’s FXRP as collateral for XRP options and perpetual futures. Users can trade through their own wallets without relying on a centralized exchange. Options settle in USDC, exposing traders to margin and liquidation risks. XRP holders can now use Flare’s FXRP as collateral to trade options and perpetual futures on decentralized exchange Derive, Flare announced on Thursday.
According to Flare, users mint FXRP, a token representing XRP on the Flare blockchain, through its FAssets bridge that converts tokens like Bitcoin, XRP, and Dogecoin into ERC-20 tokens on the Flare network. They can then deposit the token into a Derive Portfolio Margin V2 account and trade derivatives from their own wallets.
Myriad: XRP price next move? Click to make your prediction.Options give traders the right to buy or sell an asset at a set price. Perpetual futures allow them to bet on price movements without an expiration date. XRP holders can use the products to hedge against losses, earn premiums by selling options, or speculate on the token’s price.
“Options are often the last major market to develop around an asset, and XRP has been waiting for the infrastructure,” founder and CEO of Derive, Nick Forster, said in a statement. “FXRP gives one of crypto’s largest holder bases a credible path onchain, and adding Derive’s options markets means that capital can now be hedged, used to earn premium and traded with the same sophistication available around other major assets.”
Derive’s XRP options settle in USDC rather than XRP. If an option expires at a profit, Derive pays the difference in the dollar-pegged stablecoin while the FXRP remains posted as collateral. Options sellers must hold enough USDC to cover settlement and maintain the required margin or risk liquidation.
The integration broadens FXRP’s use in decentralized finance. Earlier this month, FXRP was approved as collateral in DeFi risk management firm Sentora’s RLUSD Main vault on the Ethereum-based lending protocol Morpho. That service allows XRP holders to bridge FXRP to Ethereum and borrow Ripple’s RLUSD stablecoin without selling their XRP.
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XRP holders just got a new DeFi trick: using their tokens as collateral for options trading, all without ever sending them to a centralized exchange. Flare Network’s FXRP, a trustless wrapped version of XRP, is now accepted as collateral on Derive, the decentralized derivatives platform formerly known as Lyra.
The setup works through Flare’s FAssets protocol, which mints FXRP as a 1:1 over-collateralized representation of XRP. The underlying XRP stays parked on the XRP Ledger while the synthetic version moves freely across EVM-compatible chains.
How the plumbing works Flare’s FAssets system creates FXRP by locking XRP on the XRPL and minting an equivalent token on Flare’s network. The “over-collateralized” part means there’s more value backing each FXRP than the token itself is worth, providing a buffer against price swings.
Once minted, FXRP can be used across decentralized protocols just like any other ERC-20 token. On Derive, that means posting it as margin for options contracts and perpetual positions. The platform offers what it describes as institutional-grade trading features, including structured products that go beyond simple spot swaps.
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Blockscout data confirms FXRP activity on-chain, verifying that the integration is live and not just a roadmap promise.
The FAssets protocol launched FXRP on mainnet in September 2025, and a v1.3 update released in May 2026 simplified the minting process. The earlier version required more manual steps and higher friction, which limited adoption. The upgrade streamlined things enough that casual users, not just DeFi power users, could reasonably participate.
Beyond options: FXRP’s expanding footprint Derive isn’t the only venue where FXRP has gained traction. The token has been integrated into Morpho and Mystic, two lending and borrowing platforms, since early 2026. Starting in February 2026, lending markets began accepting FXRP as collateral for yield-generating strategies.
That means an XRP holder can mint FXRP, deposit it into a lending pool, earn yield, and simultaneously maintain exposure to XRP’s price movements. Layer on top of that the ability to write or buy options on Derive, and you’ve got a surprisingly complete financial toolkit built entirely around self-custody.
What this means for XRP and DeFi The Derive integration represents a broader pattern in crypto: assets from non-EVM chains finding ways to participate in Ethereum-adjacent DeFi through wrapped or synthetic representations. Bitcoin has wBTC and cbBTC. Dogecoin has wrapped versions on several chains. Now XRP has FXRP, with the added benefit of over-collateralization baked into the design.
The hedging use case is particularly relevant given XRP’s price history. Holders who weathered volatility without any ability to hedge, besides selling, now have a way to buy protective puts or generate income by writing covered calls.
The risk side of the equation deserves attention too. Over-collateralization protects against some failure modes, but it doesn’t eliminate smart contract risk, oracle failures, or liquidity crunches during extreme market stress. Wrapped assets add a layer of complexity, and each layer introduces potential points of failure. Users posting FXRP as options collateral are stacking multiple protocol risks on top of each other.
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The price of XRP is getting close to a level not seen since November 2024, but activity on the XRP Ledger is going in the exact opposite direction. There is a clear discrepancy between price performance and blockchain usage, even though the token trades just above $1. Recent network data reveals high payment volumes and a sizable number of active users.
Creating short-term resistanceAfter continuing the downward trend that has dominated the majority of 2025, XRP is currently trading around $1.01. With short-term resistance at $1.06-$1.08, the 100-day moving average at $1.17, and the 200-day average at $1.36, the asset has dropped below its main moving averages.
XRP/USDT Chart by TradingViewTechnically speaking, a break below $1 would be significant. Since late 2024, XRP has not traded at these levels, and the RSI at roughly 37 indicates that momentum is still strongly skewed in favor of sellers.
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However, network activity presents a more complex picture. This week, the XRP Ledger saw a significant increase in the number of payments, momentarily hitting 935,000 in a single day. That is significantly higher than the approximately 400,000–600,000 daily range that was evident for the majority of the preceding month.
Additionally, payment volume has remained active, albeit with much greater volatility. Over the past month, the metric saw a number of significant spikes, including a move above 1 billion XRP on August 1 and a significant expansion on August 7. Another crucial signal is provided by active users.
XRP's market positioningBefore the most recent drop at the chart's edge, the metric frequently approached or surpassed the 200,000 mark and spent the majority of the previous month above 100,000. In other words, there has not been a corresponding decline in ledger participation in response to XRP's falling market price.
A recovery is not guaranteed by that divergence. Exchange movements, automated activity, and transfers that do not directly put XRP under buying pressure are examples of network transactions.
Thus, a bearish market structure cannot be independently reversed by strong usage. The distinction is important, though. Although the price of XRP is getting close to its lowest point in about 21 months, the underlying network is not behaving like an abandoned ecosystem.
Conversion is the missing element for bulls; increased XRP Ledger activity must translate into real market demand. Until then, the price chart continues to indicate that sellers are still in complete control, while robust network statistics offer fundamental support.
Ripple (XRP) is down by 1.25% today, August 13, to trade at $1,01 at the time of writing. On-chain data now suggests that XRP is facing intense selling pressure near the psychological support at $1 as inflows to Ripple ETFs remain muted.
Futures data also shows that XRP’s open interest is rising despite the ongoing price decline, amid a surge in short positions on the token.
XRP Price Faces Intense Selling Pressure on Binance Data from CryptoQuant shows that the XRP Taker Buy/Sell reading on Binance has dropped to 0.86, suggesting that there is a lot of selling pressure taking place on the derivatives market.
XRP Taker Buy/Sell Ratio (Source: CryptoQuant) CryptoQuant analyst Arab Chain notes that when this reading drops below 1, it could increase the downward pressure on the price of XRP, especially if it coincides with a rise in trading volumes.
“A reading below 1 indicates that the volume of sell orders executed by traders exceeds the volume of buy orders, reflecting clear selling pressure from traders executing trades directly,” the analyst said.
The surge in selling pressure comes when the price of XRP has dropped to its lowest price since November 2024, of $0.99.
More sell-side activity could also occur on Binance after a recent report by CoinGape revealed that Ripple has moved 50 million XRP coins to the exchange.
XRP Price Prediction as Whale Buying Fails to Offset Downtrend A recent CoinGape XRP price analysis noted that the number of whale wallets holding more than 1 million XRP coins has increased to 32, but this whale buying is not easing the downward trend.
The RSI reading on the one-day chart stands at 37, suggesting that the XRP price outlook is bearish. The RSI has also been making lower lows, with this also showing that bears are tightening their grip.
The ADX line that is tipping north also suggests that the downtrend is becoming strong, and this could push XRP below the psychological support at $1.
The price of XRP has also moved below the support at a descending triangle pattern of $1.01, with this move also suggesting that another drop could occur.
XRP/USDT: 1-day Chart (Source: TradingView) If XRP closes below this support at $1.01 for three straight days, the price could register a 22% decline and reach $0.78.
XRP price needs to close above the resistance at the upper trendline of this triangle pattern to invalidate the bearish thesis.
XRP ETF Activity Remains Muted as Short Positions Increase Data from SoSoValue shows that XRP ETFs have not seen any inflows for four straight days since August 7 as demand for XRP by institutions weakens.
XRP ETF Flows (Source: SoSoValue) The lack of ETF demand also comes when the long/short reading for XRP has dropped to 0.91 on Coinglass, suggesting that there are more short positions than long positions on XRP.
XRP’s open interest has also increased from $2.28 billion on August 5 to $2.67 billion at the time of writing, with the rise likely coming from short sellers betting that the XRP price will drop further.
Ripple has cast its vote in favor of the fixCleanup3_3_0 amendment on the $XRP Ledger, giving the XRPL 3.3.0 upgrade its first significant endorsement from one of the network's primary contributors.
What the fixCleanup3_3_0 Amendment Covers The fixCleanup3_3_0 proposal is a bundled maintenance package that addresses targeted fixes across several protocol areas, including Single Asset Vaults, the Lending Protocol, Automated Market Makers (AMMs), Checks, and pseudo-accounts. It is one of six amendments introduced alongside the 3.3.0 release, which also includes Confidential Transfer, BatchV1_1, DynamicMPT, PermissionDelegationV1_1, and Sponsor.
Beyond the amendments themselves, the 3.3.0 release brings meaningful performance improvements. Developers have flagged a reduction in memory usage of between 10% and 15%, better online delete and node sync performance, and roughly 60 bug fixes identified through an internal AI red team process.
What Has to Happen Before Mainnet Activation Ripple's vote carries weight as an early signal, but it does not determine the outcome alone. Eight of the 35 Unique Node List (UNL) validators currently support the fixCleanup3_3_0 amendment. Mainnet activation requires the proposal to hold more than 80% validator support, equivalent to at least 28 of 35 UNL validators, for two consecutive weeks before the changes take effect permanently on the network.
That governance structure is standard for the XRP Ledger. Once an amendment clears the 80% threshold for the required two-week period, the change applies permanently to all subsequent ledger versions. Validators make independent decisions, and the proposal can fail or be delayed if support drops below the threshold at any point during that window.
Node operators face a practical deadline tied to the process. Any server that has not upgraded to xrpld 3.3.0 before the amendments activate risks becoming amendment-blocked, a status that cuts the node off from consensus and prevents it from reading or submitting new transactions.
The broader 3.3.0 upgrade is positioned as a step toward institutional readiness for the XRP Ledger, with features spanning privacy for tokenized assets, atomic transaction batching, delegated account permissions, and sponsored network fees.
Sources:
crypto.news: XRP Ledger upgrade gains Ripple vote for bundled fixes
XRPL.org: Amendments documentation
CoinGape: Ripple votes in favor of fixCleanup proposal
Two of Canada's major banks have disclosed positions in $XRP-linked exchange-traded funds through regulatory filings with the U.S. Securities and Exchange Commission, adding to a growing body of evidence that traditional financial institutions are cautiously but deliberately building crypto exposure.
BMO Discloses XRP ETF Stakes in $303 Billion Portfolio Bank of Montreal (BMO), Canada's second-largest bank, has become the latest major Canadian lender to report XRP-linked positions. The disclosure places XRP-linked investment products inside a portfolio valued at more than $303 billion as of the end of June 2026, with reported exposure including 323 shares of the REX-Osprey XRP ETF (XRPR) and 20 shares of the ProShares Ultra XRP ETF.
Rather than holding XRP directly, BMO accessed the asset through regulated exchange-traded products, reflecting how traditional financial institutions can gain crypto exposure without directly managing tokens or private keys. It used regulated U.S. infrastructure in the form of spot and derivatives-based ETF products, allowing it to integrate the token into a giant portfolio within a familiar legal framework and without direct custody risks.
National Bank of Canada Also on Record The BMO filing follows a similar disclosure from National Bank of Canada. The disclosure, made public in a Form 13F filing covering holdings as of June 30, 2026, gives a rare glimpse into how a major Canadian financial institution is approaching digital assets, not through direct token ownership, but through regulated investment wrappers listed on U.S. exchanges.
The bank reported 3,848 shares of Bitwise's XRP ETF, valued at roughly $330,000, along with approximately $6.4 million in ProShares and Fidelity Bitcoin ETF exposure. The XRP position is modest in size, but its presence in a formal SEC filing carries symbolic weight for the asset class.
A 13F captures long positions in reportable U.S.-listed securities at one quarter-end date, so it does not show whether the shares back the bank's own book or hedge a client product, and it does not capture anything sold before the snapshot or bought after it. The positions may have changed since the June 30 reference date. Still, the filings are notable because they show regulated financial institutions continuing to use crypto wrappers for portfolio exposure.
For Canada's banking sector, this is becoming a recognisable pattern. Conservative capital has effectively adopted a single playbook: entering the cryptocurrency market selectively and through transparent, regulated funds rather than direct token custody.
Sources:
Crypto Economy: Bank of Montreal Reveals XRP Fund Exposure in New $303B Portfolio Disclosure
TheStreet: National Bank of Canada Reveals XRP Holdings
Bitcoinist: National Bank of Canada Discloses XRP and Bitcoin ETF Holdings
Key Highlights XRP maintains price near $1.02 with 1.46% daily gain and market capitalization of $63.80 billion Coreum Bridge exploit resulted in 200,000 XRP token drain — XRP Ledger security remained intact Consumer Price Index registered 3.4% annual increase, reducing September Fed rate hike probability to 38% Critical resistance zones identified at $1.05–$1.08, requiring $1.40 breakthrough for bullish reversal confirmation Downside risk emerges if $1 support fails, potentially exposing $0.90–$0.86 with $0.50 representing deeper support XRP has stabilized slightly above the critical $1 threshold following a temporary retreat to $0.996, with current trading levels hovering around $1.02. The digital asset has registered approximately 1.46% growth over the last 24-hour period, accompanied by trading volume approaching $1.90 billion and maintaining a market capitalization near $63.80 billion.
XRP Price This price stabilization follows a challenging period for the cryptocurrency. Earlier this week, security vulnerabilities in the Coreum Bridge — a cross-chain protocol facilitating interoperability — were exploited by malicious actors who successfully extracted 200,000 XRP tokens. The breach specifically targeted weaknesses within Coreum’s verification infrastructure.
Members of the XRP ecosystem were swift to emphasize that the core XRP Ledger remained secure and uncompromised. The security flaw was isolated to Coreum’s proprietary codebase. Nevertheless, such cross-chain protocol exploits typically erode broader market confidence in decentralized infrastructure security.
Inflation Report Alters Federal Reserve Rate Trajectory On the macroeconomic front, the US Bureau of Labor Statistics disclosed that the Consumer Price Index advanced 3.4% on an annual basis. This figure represents a 10 basis point decline from June’s reading and aligned precisely with market expectations.
BREAKING: July CPI inflation falls to 3.4%, in-line with expectations of 3.4%
Core CPI inflation falls to 2.5%, also in-line with expectations of 2.5%.
Month-over-month CPI inflation rose +0.1%, up from -0.4% in June.
US stock market futures are rising on the news.
— The Kobeissi Letter (@KobeissiLetter) August 12, 2026
In response to this data release, the probability of a Federal Reserve interest rate increase in September declined to 38%, representing a significant drop from the 54% probability recorded just seven days prior, based on CME Group’s FedWatch monitoring tool. At the most recent Federal Reserve meeting, three governors voted against the majority decision, advocating for tighter monetary policy given inflation levels remain substantially above the central bank’s 2% objective.
Market analyst Crypto Patel raised concerns via X platform, highlighting that XRP futures open interest currently stands at 435.1 million XRP compared to the 30-day average of 403.6 million — representing a Z-Score of +1.20σ. Patel cautioned that the combination of price vulnerability and elevated open interest indicates substantial leverage accumulation, creating conditions where additional price decline could spark a liquidation chain reaction.
$XRP OI Is Flashing A Warning#XRP Futures OI: 435.1M XRP vs 30D Avg: 403.6M → Z-Score: +1.20σ.
Price Weakness + Elevated OI = Leverage Is Still Stacked.
If XRP Dumps Further, This Setup Could Turn Into A Liquidation Cascade. pic.twitter.com/bDpzWw1HpR
— Crypto Patel (@CryptoPatel) August 12, 2026
Technical Analysis Indicates Bearish Momentum The Relative Strength Index currently registers at 36. Technical analysis typically interprets readings beneath 40 as bearish signals. Additionally, XRP’s price action displays a pattern of declining peaks and troughs, representing a textbook bearish formation.
Technical analyst Diana pinpointed $1 as the decisive level determining immediate price direction. Maintaining support above this threshold preserves the possibility of testing the $1.05–$1.08 resistance band. Successfully penetrating $1.20 could activate targets in the $1.29–$1.37 range.
🚨XRP Is BOUNCING From $1.00 — Is $0.86 STILL Coming, or Is This the Setup for ATH → $8–$16? 🤯🔥$XRP is showing signs of life again after testing the psychological $1.00 region, with price recovering toward $1.02. 👀
But this is where the chart gets VERY interesting.$XRP… https://t.co/5Ijl449QLr pic.twitter.com/2PyXukO0F4
— Diana (@InvestWithD) August 11, 2026
Nevertheless, confirming an authentic trend reversal would necessitate clearing the $1.40 weekly resistance barrier, which has previously rejected multiple recovery attempts.
Should the $1 support level break down, initial downside objectives emerge at $0.90–$0.86. More substantial selling pressure could bring the $0.50 zone into focus.
XRP continues trading within a descending price channel. The combination of a 36 RSI reading and the prevailing technical framework suggests bearish forces maintain dominance over current market dynamics.
XRP, bu kez fiyat hareketlerinden ziyade XRP Ledger (XRPL) ile tx ağı arasındaki köprüde yaşanan güvenlik açığıyla gündeme geldi. Saldırganlar, gerçek bir XRP yatırımı gerçekleşmeden sistemin geçerli kabul ettiği işlemler üzerinden karşılıksız bridged XRP oluşturdu ve köprü rezervlerindeki gerçek varlıkların bir bölümünü çekti.
tx ekibinin açıklamasına göre saldırı 9 Ağustos’ta gerçekleşti. Olayın ardından XRPL ile tx arasındaki köprü kullanıma kapatılırken, güvenlik açığına neden olan kodun düzeltilmesi için çalışma başlatıldı.
XRP Köprüsündeki Açık Nasıl Kullanıldı? Saldırının temelinde köprünün Ripple yatırımlarını doğrulayan mekanizmadaki kritik bir yazılım hatası bulunuyor. Sistem, XRPL üzerindeki köprü adresine gerçekte XRP gönderilmemesine rağmen bazı işlemleri başarılı yatırma işlemleri olarak kaydetti.
Saldırgan bu açığı kullanarak tx ağı üzerinde gerçek XRP rezervleriyle desteklenmeyen bridged XRP bakiyeleri oluşturdu. Daha sonra oluşturduğu karşılıksız bakiyeleri kullanarak köprünün rezervinde bulunan gerçek XRP’leri çekti.
Bu durum, blok zinciri tabanlı köprülerde varlıkların doğru şekilde doğrulanmasının ne kadar kritik olduğunu bir kez daha ortaya koydu. Çünkü köprü, iki farklı ağ arasında varlık transferi sağlarken bir taraftaki gerçek rezerv ile diğer tarafta oluşturulan token arasında güvenilir bir bağlantı kurmak zorunda.
Yaklaşık 200 Bin XRP Çalındı tx tarafından paylaşılan ilk bilgilere göre saldırganın elde ettiği miktarın yaklaşık 200.000 XRP, yani yaklaşık 200 bin dolar değerinde olduğu tahmin ediliyor.
Saldırının etkisi tx zincirindeki bridged Ripple ile sınırlı kaldı. Ancak saldırı sonrasında dolaşımda bulunan köprülenmiş Ripple miktarının tamamının gerçek Ripple rezervleri tarafından bire bir desteklenmediği belirtildi.
Buna karşılık diğer köprülenmiş varlıkların tamamen teminatlandırıldığı açıklandı. Merkezi kripto borsalarında, merkeziyetsiz borsalarda veya doğrudan blockchain üzerinde bulunan diğer token ve kullanıcı fonlarının ise saldırıdan etkilenmediği vurgulandı.
Dolayısıyla olay, genel Ripple ekosisteminin tamamını hedef alan bir saldırıdan ziyade belirli köprünün yazılım altyapısındaki açığın istismar edilmesi olarak öne çıkıyor.
Güvenlik Denetimleri Neden Açığı Önleyemedi? tx ekibi, köprünün kullanıma açılmadan önce hem şirket içinde hem de üçüncü taraf kuruluşlar tarafından birden fazla güvenlik denetiminden geçirildiğini açıkladı. Buna rağmen saldırgan, önceki kontroller sırasında tespit edilemeyen bir güvenlik açığını kullanmayı başardı.
Saldırının ortaya çıkarılmasının ardından ekip, açığa neden olan kod üzerinde gerekli düzeltmeleri yaptı ve köprünün faaliyetlerini durdurdu. Ayrıca çalınan fonların farklı blockchain ağlarındaki hareketlerini takip etmek amacıyla blockchain adli analiz şirketleriyle çalışmaya başladı.
Bu gelişme, dijital varlık altyapısında yalnızca denetim yapılmasının yeterli olmadığını, özellikle köprülerde işlem doğrulama mekanizmalarının sürekli izlenmesi gerektiğini gösteriyor.
Kullanıcıların Zararları Nasıl Karşılanacak? tx yönetimi, saldırıdan etkilenen kullanıcıların zararlarının giderilmesi için farklı seçenekleri değerlendirdiğini bildirdi. Ancak uygulanacak telafi mekanizmasının ne olacağı ve sürecin hangi takvimde ilerleyeceği henüz açıklanmadı.
Şirket ayrıca saldırıyla ilgili işlem kayıtları ve saldırganın kimliğinin belirlenmesine yardımcı olabilecek bilgilerle birlikte FBI’ın Internet Crime Complaint Center birimine resmi şikayette bulundu. tx, saldırganın tespit edilmesi ve hukuki olarak kovuşturulması için mevcut yasal yolların tamamını kullanacağını açıkladı.
Şimdilik Ripple ile tx arasındaki köprü, güvenlik incelemeleri ve sistemin güçlendirilmesi tamamlanana kadar kapalı kalacak.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
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XRP is under pressure again, as heavy leverage and bearish calls pile up.
XRP’s price action has remained choppy this week. It briefly fell below $1 before a modest recovery. But that strength faded quickly, and it has since settled near $1.01.
New data suggests that selling pressure on the token has reached its highest level since May on Binance.
Downside Risk Grows According to CryptoQuant’s latest findings, the exchange’s Taker Buy/Sell Ratio has fallen sharply to around 0.86, its lowest reading since last May. A reading below 1 means traders are executing more sell orders than buy orders, which indicates clear selling pressure in the derivatives market.
The ratio has stayed below 1 for most of the recent period. There have been brief moves above that level, but they failed to develop into a lasting trend. XRP has also continued to fall from the highs recorded in previous months. This adds to signs of weak spot demand and speculative interest.
However, the low ratio does not mean XRP must continue declining. It mainly shows a temporary imbalance between buyers and sellers in the market. If the ratio moves even lower, downward pressure on the asset could increase. On the other hand, if the ratio moves back above 1 and holds, buying interest could improve. This would be more significant if it came with a stronger price and higher buying volume.
But CryptoPatel also flagged high open interest as another warning sign. XRP futures OI stands at 435.1 million units, above the 30-day average of 403.6 million units, which gives it a Z-score of +1.20σ. The analyst explained that the combination of price weakness and elevated OI essentially means that leverage remains stacked in the market. If the asset falls further, the setup could turn into a liquidation cascade.
Meanwhile, CasiTrades expects XRP to see a deeper pullback before finding a stronger floor. The analyst identified $0.94 as a level where the token could find some relief, but $0.87 remains the bigger downside target.
You may also like: Ripple’s (XRP) Summer Slump Isn’t Stopping Large Wallets From Growing Important Ripple News and XRP Price Update: August 11 BTC, ETH, XRP Whales Step Up Accumulation as CryptoQuant Sees the Bear Market Nearing Its End Whales Take a Different View Short-term traders may be leaning bearish, but whale wallets have been moving in the opposite direction. Earlier this week, Santiment found that the number of wallets holding at least 1 million XRP has risen by 32 over the past three months, even as the asset’s market cap fell 29%.
The analytics firm said this points to stronger holders absorbing the recent panic as “patience replaces price-driven hype” – a shift that could make future volatility more “interesting” for the bulls.
Standard Chartered, a leading British multinational bank, has revised its near-term price outlook for XRP, outlining a significantly lower target for 2026. However, the institution retained its long-term forecast for 2030, maintaining confidence in the digital asset’s growth potential over the next several years.
Short-term outlook revised amid weaker market conditionsGeoffrey Kendrick, Standard Chartered’s Head of Digital Asset Research, initially set an XRP price target of $8 for the end of 2026 in April 2025. The bank recently reduced this estimate to $2.80, citing a combination of factors weighing on the market’s performance. This adjustment represents a 65% decrease from the earlier projection.
The reduction follows a period of weaker XRP price performance, in which the token slid from $2.40 in January to about $1.38 two months later, marking a drop of approximately 43%. During this period, inflows to XRP exchange-traded funds (ETFs) also slowed after an initially strong start.
Standard Chartered’s latest report pointed to continued high interest rates and ongoing geopolitical uncertainty as contributing to the lowered near-term expectation for XRP. The bank’s revised forecast reflects the shifting dynamics across digital asset markets.
Inflows into XRP ETFs have moderated, and a less favorable macro environment has added pressure. Despite these headwinds, Standard Chartered maintains its conviction in the long-term valuation for XRP.
Bank’s $28 target for 2030 remains unchangedDespite the downgrade for 2026, Standard Chartered confirmed that its long-term projection for XRP remains steady. The bank continues to expect XRP to reach $28 by 2030, signaling confidence in the asset’s future prospects.
Crypto analyst ALLINCRYPTO called the bank’s stance a significant bullish signal, highlighting that Standard Chartered distinguishes between its short-term and long-term views. The bank continues to back its 2030 forecast even as it adapts to recent market weakness and reduced ETF activity.
The bank’s maintained $28 price target for the end of the decade stands as a key differentiator in its outlook compared to its cut for 2026.
XRP Price TargetYearStandard Chartered ForecastEnd of 20262026$2.80End of 20302030$28Mini dictionary: Standard Chartered, based in London, is one of the world’s largest international banks, operating across more than 50 markets and providing services in retail and corporate banking, as well as digital asset research and strategy.
Standard Chartered’s commitment to a $28 long-term valuation on XRP underscores the distinctive outlook of a major institutional player, despite ongoing challenges in the broader market.
Difficulties for XRP in the current environmentSlowing ETF flows and persistent macroeconomic challenges have impacted near-term sentiment for XRP and other digital assets. Higher global interest rates and geopolitical instability have weighed on the broader cryptocurrency market, shifting institutional expectations accordingly.
Still, Standard Chartered has not revised its 2030 forecast downward in tandem with its 2026 prediction. The bank’s approach reflects its dual strategy of adapting to short-term headwinds while emphasizing long-term growth potential in the digital asset sector.
ALLINCRYPTO emphasized the significance of this distinction, noting that such a major banking institution maintaining a high long-term valuation signals a notable level of ongoing institutional confidence in XRP’s prospects.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In major XRP news today, Ripple moved a significant amount of XRP coins to Binance crypto exchange. On-chain transaction data revealed transfers to a Ripple subwallet, followed by further transfers to Binance subwallets. This comes amid selling pressure in XRP price.
Ripple Moves Some XRP to Binance, Sparking Jitters Whale Alert flagged a major XRP transfer that highlighted Ripple moving 50 million XRP worth over $50 million. This sparked massive speculation within the XRP community amid a recent drop in price.
On-chain analysis on XRPScan revealed Ripple (50) wallet moved XRP to its subwallet raRVLN1. This indicates it is an internal transfer.
However, shortly after the transaction, the same wallet distributed some coins, primarily 1,000,000 XRP per transaction, to rBNCyN wallet address. The wallet is associated with Binance crypto exchange.
Notably, the Ripple-linked wallet has also sent 23 million XRP in total to rBNCyN wallet this week, which were then transferred to Binance (11).
Ripple Subwallet Transfer to Binance. Source: XRPScan On-chain data from XRPScan showed the Ripple subwallet executed multiple XRP transfers to these Binance-associated wallets. This is likely a Ripple operational liquidity wallet used for on-demand liquidity (ODL) or market making purposes.
Will XRP Price Witness Further Pullback or Rally? XRP price has dropped 0.5% despite Ripple’s push for XRP Ledger upgrade. The price has dropped more than 7% in a week, but has held above $1 in hopes of a breakout above the descending channel.
XRP rebounded almost 1.50% to trade above $1.01 today amid rising whale wallets and network activity. The 24-hour low and high are $1. and $1.02, respectively. However, trading volume has decreased by 24% over the last 24 hours.
However, CoinGlass data shows buying activity in the derivatives market. The total XRP futures open interest climbed more than 0.75% in 24 hours to $2.72 billion.
Notably, the 4-hour futures open interest has rebounded 0.74%. It dropped 1.18% on CME, but jumped on Binance, OKX, Bybit and other crypto exchanges.
If you’re looking to do in-depth research before deciding to invest in crypto, check out our recommendations for the best crypto tools for research and analysis.
Ripple is in a high-stakes battle between speculation and conviction.
From a technical standpoint, XRP is showing a clear bearish bias, with the price recently breaking below $1 and technical wicks forming new lower lows across multiple timeframes. Against this backdrop, the rising speculative activity is turning the setup around the XRP price prediction into an increasingly high-risk one.
Notably, the on-chain data is backing this up.
As the chart below shows, XRP’s Open Interest [OI] stood at $435 million, while the Z-score is at +1.20, meaning OI is elevated compared with its historical average, pointing to increased speculative positioning and a higher risk of a sharp volatility move.
Source: CryptoQuant However, the bigger question is where traders expect Ripple [XRP] to move next.
Given the bearish technical setup behind the XRP price prediction, you’d normally expect traders to be opening shorts and betting on further downside.
But recent data is hinting at something completely different. Analysts have spotted massive long positions building around XRP, with aggressive positioning coming out not just from retail traders but also whales.
But with the technicals still looking weak, the key question is: Why are traders betting so heavily on the upside? Do these whales know something the rest of the market hasn’t priced in yet?
XRP price prediction points to a potential supply shock as longs surge The growing XRP long positioning doesn’t look entirely random.
On the fundamental side, XRP network activity has picked up, with the number of addresses surging 84% to 43k. That points to increased network usage and gives the bullish case some fundamental backing.
Adding to this, $256 billion Wall Street Cetera Investment Advisers has added XRP to its balance sheet, giving the asset a boost on the institutional front.
Why does this matter?
As the chart below shows, XRP ETFs have recorded a modest $1 million inflow so far this month. While this may seem small, it stands out given the bearish XRP price prediction setup.
Despite weak price action, ETF flows still show buying interest, suggesting demand may be stronger than the chart currently indicates.
Source: SoSoValue Notably, this adds to the growing supply shock narrative around XRP, which has been gaining traction on social media. That makes XRP’s chop around $1 a mix of speculative positioning and growing conviction.
In this context, rising OI adds to the bullish setup, showing traders are putting more capital into XRP positions even without a major price breakout. At the same time, whale positioning is turning increasingly long, adding another bullish signal.
If ETF flows, open interest and whale positioning continue to strengthen together, the setup could start shifting more deeply from speculation to conviction.
If this trend holds, calling the XRP price prediction purely bearish may be too premature. With these signals starting to improve, XRP could be moving into a stronger accumulation phase, with the $1.15 Q3 target still very much in play.
Final Summary XRP price prediction remains weak, but rising open interest, whale longs, and ETF inflows show traders are still betting on the upside. If this trend continues, XRP could be entering an accumulation phase and the $1.15 Q3 target still in play.
Leading cryptocurrencies fell, even as stocks rallied on Wednesday as investors weighed the latest consumer inflation numbers that came in line with expectations.
Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:35 p.m. EDT)Bitcoin (CRYPTO: BTC)-0.23%$63,424.63.02
Ethereum (CRYPTO: ETH)
-0.38%$1,875.68XRP (CRYPTO: XRP) -1.88%$1.00Solana (CRYPTO: SOL) -0.92%$75.63Dogecoin (CRYPTO: DOGE) -3.24%$0.06987Crypto Market Retreats FurtherBitcoin and Ethereum recorded sharp selling pressure, while XRP and Dogecoin also traded in the red on Wednesday.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.31% and 1.73%, respectively.
Over the past 24 hours, more than $175 million in crypto positions were liquidated, with short sellers accounting for $93 million of the losses, according to Coinglass data.
Bitcoin’s open interest rose 0.49% over the last 24 hours. An increase in open interest, along with a price decrease, typically indicates that short positions are being built up.
"Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:35 p.m. EDT)Capricorn (APR) +137.97% $0.4950Cysic (CYS) +36.06% $1.63Bitway (BTW) +22.28% $0.2544The global cryptocurrency market capitalization stood at $2.17 trillion, following a dip of 0.79% over the last 24 hours.
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Stocks Rally After CPI ReportMajor indexes lifted on Wednesday. The S&P 500 rose 0.26% to end at 7,748.50, while the tech-focused Nasdaq Composite gained 0.54% to close at 26,588.49. The Dow Jones Industrial Average, meanwhile, fell 0.04%, or 21.58 points, to close at 53,770.27.
The July Consumer Price Index rose 3.4% from a year earlier, matching expectations, while core inflation eased to 2.5%, also as expected.
Meanwhile, the odds of an interest rate hike in September fell to 40% from 48% the day before, according to the CME Fedwatch tool.
The Anatomy of Bitcoin’s BottomMichaël van de Poppe, a widely followed cryptocurrency analyst and trader, said Bitcoin risks breaking down to $60,000 if it fails to hold current support near $63,500
“The final level of support is that area; if that doesn’t happen, we’re very likely to be sweeping the lows again,” the analyst projected.
On-chain analytics firm CryptoQuant observes that Bitcoin’s losses have spread beyond speculative traders and are now being borne by long-term holders.
Historically, at each significant cycle bottom, long-term holders have been sitting on more severe unrealized losses than the broader market, the research firm stated.
“Bitcoin is displaying a condition repeatedly associated with macro bottoms, but not yet the emotional and financial exhaustion that made previous bottoms unmistakable,” CryptoQuant added.
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Ripple (XRP) and Stellar (XLM) remain under pressure, with both altcoins correcting slightly so far this week. XRP nears the key $1.00 support zone on Thursday, while XLM trades below critical technical levels. Mixed derivatives and on-chain metrics suggest cautious sentiment, leaving both tokens vulnerable to further downside while offering hope for a potential recovery.
Mixed sentiment among tradersDerivatives data shows mixed sentiment with a mild bullish tilt among traders. CoinGlass’ long-to-short ratio for XRP reads 1.03 on Thursday. A ratio above one indicates bullish sentiment, as traders are betting the asset prices will rise. Meanwhile, the long-to-short ratio for XLM reads 0.92 on Thursday, nearing the lowest level in over a month. A ratio below one indicates bearish sentiment, as traders are betting the asset prices will fall.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassHowever, the funding rate for both XRP and XLM shows improving sentiment. For both altcoins, the rates read positive 0.0064% and 0.0092%, respectively, on Thursday. These positive rates indicate that long traders are paying shorts and reflect a bullish bias.
XRP funding rates chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassCautious optimism among tradersCryptoQuant’s summary data shows cautious optimism. XRP’s futures markets show large whale orders, while other metrics remain neutral, supporting a potential recovery. However, XLM shows selling-side dominance in both markets, and large whale orders, hinting at cautious sentiment among traders.
XRP summary data chart. Source: CryptoQuant
XLM summary data. Source: CryptoQuantXRP technical outlook: Nears key $1 supportXRP price trades at $1.004 on Thursday, keeping a bearish near-term bias as price holds under the 50-day Exponential Moving Average (EMA) at $1.090, the 100-day EMA at $1.171 and the 200-day EMA at $1.362. The cluster of EMAs overhead suggests rallies remain capped, while the Relative Strength Index (RSI) near 35 hints at persisting downside pressure. The Moving Average Convergence Divergence (MACD) stays in negative territory, reinforcing a weak tone despite the pair hovering just above the $1.000 psychological area.
On the downside, immediate support is located at the horizontal level around $1.000, where buyers could attempt to slow the decline.
On the topside, initial resistance aligns with the 50-day EMA at $1.090, followed by the 100-day EMA at $1.171 and the prior horizontal barrier at $1.300, before a more distant cap emerges at the 200-day EMA near $1.362 and the higher resistance line at $1.900.
XRP/USDT daily chartXLM technical outlook: Key EMAs hold as resistanceXLM price trades at $0.159 on Thursday, maintaining a bearish near-term bias as it sits below the key EMAs. The 50-day EMA at $0.176, the 100-day EMA at $0.180 and the 200-day EMA at $0.190 all converge overhead as layered resistance, suggesting rallies are likely to be capped before a more meaningful recovery can develop.
Momentum remains soft, with the RSI hovering near 33, close to oversold territory, while the MACD stays in negative territory and reinforces the prevailing downside pressure.
On the topside, initial resistance aligns with the 50-day EMA around $0.176, followed closely by the horizontal barrier at $0.177, forming a nearby supply zone that bulls would need to clear to ease selling pressure. Above that, the 100-day EMA at $0.180 opens the way toward the more strategic 200-day EMA at $0.190.
On the downside, the next meaningful support emerges at the prior horizontal floor near $0.142, where buyers could attempt to arrest the decline if the current bearish tone extends.
XLM/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
With XRP currently trading perilously close to the psychologically significant $1 level, the asset's technical structure is still clearly bearish. While buyers have yet to generate a strong reversal signal, XRP has nearly entirely erased the remaining distance between it and this support at about $1.03.
XRP falls shortThe issue is shown by the moving-average structure. On the daily chart, XRP trades below each of the major averages. The 50-day moving average is close to $1.08, and the short-term average is around $1.06. The 200-day moving average is still well above price at about $1.37, but more significant resistance can be found at the 100-day average at about $1.18.
XRP/USDT Chart by TradingViewWhat's more, every one of these averages is on the decline. As a result, XRP does not just encounter individual resistance levels; rather, it stays within a well-established downtrend where rebounds keep running into progressively lower ceilings. Additionally, momentum is lacking.
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The RSI has dropped to about 36.8, getting close to oversold territory without reaching a level that would independently indicate exhaustion. This leaves room for one more downward shift. As a result, the $1 threshold is becoming crucial. A daily breakdown below it could accelerate bearish momentum and eliminate the closest psychological support, especially if it is accompanied by rising volume.
Regaining the $1.06–$1.08 zone would be the first significant improvement needed for XRP to stabilize. Until then, rallies are not indicative of a wider reversal but rather countertrend movements. Sellers continue to benefit from the current structure, and $1 is now the threshold between consolidation and another potentially significant breakdown.
Zcash is gaining groundDespite another rejection above $500, Zcash's technical structure remains significantly stronger. At $488, ZEC is currently trading between its short-term moving averages and maintaining the larger bullish structure that was created when the asset recovered from its March lows. The immediate conflict is centered on the $483–$495 range.
ZEC is trading significantly above the 100-day average, which is at $469, and above its 50-day moving average, which is at $483. But the short-term average, which is close to $495, is still above the market, forming resistance nearly precisely at the psychological $500 barrier.
ZEC/USDT Chart by TradingView$500 is therefore the most crucial immediate breakout level. In recent weeks, ZEC has made several attempts in this area, but it has had difficulty gaining long-term acceptance above it. The July resistance zone, which is between $560 and $580, would come into play after another successful reclaim, which would expose roughly $520 to $540. The structure on the downside is still comparatively safe.
Through the 50- and 100-day moving averages, the $469–$483 region creates the first notable support cluster. Maintaining the current consolidation would allow for another upside attempt.
More significantly, the 200-day moving average is still rising and sits much lower at about $422. ZEC is still comfortably above its 200-day trend indicator, in contrast to many significant cryptocurrencies that are currently trading below their long-term averages. However, since the explosive moves earlier in the year, volume has significantly decreased. Because of this, a clear breakout above $500 is challenging without increased participation.
As a result, ZEC is still structurally bullish but momentarily range-bound. Buyers maintain control over the larger setup by keeping $469–$483. A decisive $500 reclaim would restore the recent highs, while losing that zone would expose $440 and eventually the 200-day average near $422.
Dogecoin's decline slowsAlthough Dogecoin is still in a steep decline, the most recent price movement indicates that selling pressure is starting to lessen. After spending the majority of July and the first part of August consolidating close to its recent lows, DOGE is currently trading around $0.0705. The moving-average structure is still the major issue.
DOGE/USDT Chart by TradingViewDOGE is trading below the 50-day moving average at $0.0724 and the short-term average at about $0.0712. The 200-day moving average is still far away at $0.0974, while the 100-day moving average at roughly $0.0815 is a much stronger resistance barrier above those levels. As a result, DOGE faces a number of obstacles before a significant trend reversal is feasible.
However, there is some indication that things have stabilized. Instead of continuing the sharp decline observed in June, the price has held around $0.067–$0.070 for a few weeks. Additionally, the RSI has rebounded to about 47, putting momentum in the vicinity of neutral. Therefore, the first bullish objective is rather simple: DOGE must establish support above the short-term moving averages and recover $0.072–$0.073.
A recovery toward $0.08–$0.082 might result from that. The structure continues to be bearish until then. The stabilization attempt would be void and DOGE would be vulnerable to another leg lower if the recent floor around $0.067 were lost. Buyers are beginning to build a foundation, but they still lack control.
Bitcoin stays stuckAlthough Bitcoin is still consolidating between $63,600 and $64,000, the market has not yet produced the technical breakout necessary to alter its more general bearish structure. From its June low of about $58,000, Bitcoin has made significant progress, but it has now stalled beneath significant resistance.
The short-term moving averages are at the center of the current conflict. Bitcoin is currently trading around $63,605, which is below the faster average at $64,088 but marginally above the 50-day moving average at $63,337. As a result, there is a narrow compression zone where neither buyers nor sellers can currently exert decisive control.
BTC/USDT Chart by TradingViewThe bigger obstacles are situated much higher. The 200-day moving average is close to $72,012, while the 100-day average is still around $66,673. Both are still sloping downward, with significant overhead pressure. Momentum validates the indecision. Its signal average is close to 49.7, and its RSI is roughly 46.7.
Neither reading suggests a significant bullish acceleration or an oversold market. The positive aspect is that, after recovering from the June sell-off, Bitcoin has consistently defended the $62,000–$63,000 range. Holding this area allows buyers more time to establish a foundation.
The immediate setup would be improved by moving through $64,000–$64,500, but the more important recovery target is still roughly $66,700. $70,000–$72,000 could be put back into play if that level is reclaimed.
On the other hand, losing $62,000 would significantly impair the consolidation and raise the likelihood of another test of $60,000 and ultimately the June lows. Although Bitcoin is stabilizing, its overall trend has not yet reversed.
XRP is slipping closer to the crucial $1 support level, with the asset’s technical signals remaining firmly bearish. The price has nearly reached the $1.03 support area, as buyers fail to generate a meaningful reversal. The moving averages highlight the issue: on the daily chart, XRP is trading beneath the 50-day moving average near $1.08, the short-term average at $1.06, and the 200-day moving average at $1.37. The 100-day average at roughly $1.18 poses additional resistance.
XRP struggles at $1 supportAll of these key averages are trending downward, reinforcing XRP’s established downtrend. Temporary rallies continue to meet progressively lower resistance levels, and overall market momentum is lacking. The relative strength index (RSI) for XRP has dropped to approximately 36.8, approaching but not quite entering oversold territory—leaving room for another potential downward move.
A daily close below $1 could spark a new wave of bearish momentum and threaten the last significant psychological support, particularly if trading volume rises. For XRP to stabilize, it must regain ground above the $1.06 to $1.08 area. Until that happens, buyers face a challenging landscape, and the $1 mark remains the deciding threshold between further consolidation and the risk of a sharp breakdown.
XRP’s position below all major moving averages and its declining momentum indicate that the $1 support is now critical for market direction. Any breakdown could accelerate the current downtrend.
Mini dictionary: Relative strength index (RSI), a technical indicator used to measure the speed and change of price movements. RSI values below 30 typically suggest oversold conditions, while readings above 70 indicate overbought territory.
Zcash holds bullish structure above key averagesIn contrast, Zcash (ZEC) shows a firmer technical position even after another rejection near $500. The privacy-focused cryptocurrency is currently trading around $488, consolidating between its short-term moving averages and preserving a broader bullish structure that developed after its recovery from March lows. The key battle lies in the $483 to $495 range.
ZEC remains above both the 50-day average at $483 and the 100-day average at $469, marking a supportive cluster for the asset. The 200-day moving average, still moving higher, sits much lower at $422, distinguishing ZEC from other cryptos currently below their long-term trend lines.
AssetCurrent Price50-day MA100-day MA200-day MAKey SupportKey ResistanceXRP$1.03$1.08$1.18$1.37$1.00$1.06–$1.08ZEC$488$483$469$422$469–$483$495–$500DOGE$0.0705$0.0724$0.0815$0.0974$0.067$0.072–$0.073BTC$63,605$63,337$66,673$72,012$62,000–$63,000$64,000–$64,500Repeated attempts to break above $500 have failed to attract sustained buying, with the resistance near that level remaining firm. Should ZEC clear the $500 mark, the price could target the next resistance zone at $520 to $540, and eventually the $560 to $580 area. Volume, however, has waned since earlier in the year—making a convincing break harder without renewed participation.
If support between $469 and $483 is lost, ZEC could slide to $440 and potentially to the 200-day average near $422. For now, the broader setup stays bullish as long as ZEC maintains this range, despite being briefly range-bound.
Zcash is a cryptocurrency focused on privacy and anonymity, offering shielded transactions that conceal sender, receiver, and transaction amount information using advanced cryptography.
Dogecoin and Bitcoin test consolidation zonesDogecoin (DOGE) continues its steep decline but recent trading suggests selling pressure is easing. Now priced at $0.0705 after weeks of consolidating near recent lows, DOGE trades below its 50-day moving average at $0.0724 and short-term average at $0.0712. The 100-day moving average at $0.0815 acts as a significant resistance, while the 200-day average at $0.0974 remains distant.
The recent period of stability above $0.067 hints at a possible basing pattern, with the RSI rebounding to around 47—a neutral reading. For buyers to gain ground, DOGE must climb above the $0.072–$0.073 band, which could then trigger a move toward $0.08–$0.082. Losing the $0.067 floor opens the risk of further losses, as the overall trend remains bearish until notable resistance is reclaimed.
Meanwhile, Bitcoin is consolidating in a tight range of $63,600 to $64,000 after rebounding from its June low near $58,000. The leading cryptocurrency trades just under its short-term moving average at $64,088 and marginally above its 50-day average at $63,337, creating a narrow zone where neither side controls momentum.
Bitcoin has defended $62,000–$63,000 since the June sell-off, allowing buyers to build a potential foundation. However, recovery above $66,700 is still necessary before a sustained bullish reversal can develop.
Major resistance remains above current levels: the 100-day average is around $66,673 and the 200-day at $72,012, both sloping lower. With RSI near 46.7 and its signal average at 49.7, momentum signals indecision and a lack of strong trend direction.
Holding the $62,000 support gives buyers some room to maneuver, but losing it would increase the likelihood of a retreat to $60,000 and possibly the June lows. Although the broader Bitcoin trend has stabilized, a technical breakout is still absent and the dominant bias remains cautious.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In brief An attacker drained nearly 200,000 XRP, worth around $202,000, from the Tx XRPL bridge. The bridge credited transactions that did not deliver XRP as deposits. Tx halted the bridge and is considering how to compensate affected users. An attacker drained nearly 200,000 XRP, worth around $202,000, from an XRP Ledger bridge on August 9 by exploiting a flaw in its deposit-detection software, the project said.
In a post on X on Tuesday, Tx, which operates the bridge connecting the Tx Chain and the XRP Ledger, said a software flaw caused the bridge to record transactions as XRP deposits even though no XRP had been received.
Myriad: XRP price next move? Click the image to place your prediction.“The attacker exploited the bridge's deposit-detection logic,” the company wrote. “The bridge's software incorrectly registered transactions that never actually delivered any XRP to the bridge as deposits, and minted bridged XRP on the tx chain against them.”
Tx is a layer-1 blockchain ecosystem launched in March by combining the Coreum blockchain with Sologenic, an XRP Ledger-based tokenization and trading platform.
The attacker used those fraudulent deposits to create unbacked XRP on the Tx Chain, then exchanged it through the bridge for real XRP.
According to Tx, the bridge underwent several internal and third-party audits before deployment, but the vulnerability was not identified.
XRPL, an independent XRP Ledger trading and analytics platform, found that the bridge released approximately 199,916 XRP through 94 payments over 97 minutes. Each payment was authorized by 17 of the bridge’s 28 relayers, programs that monitor both blockchains and approve transfers.
According to XRPL, the relayers mistook the attacker’s self-directed transactions for deposits. The attacker then withdrew the resulting unbacked balances through the bridge’s normal process.
The analysis rejected an initial claim that the XRP had been drained through “rippling,” an XRPL feature that moves issued tokens across trust lines. Native XRP cannot move through rippling, according to XRPL.
“A widely-shared warning blamed “rippling” and an on-by-default account flag. The ledger says otherwise: every one of those payments was signed by the bridge’s own multisig, and native XRP cannot be rippled at all,” XRPL wrote. “Reading both public chains together, the real cause is a relayer that mistook the attacker’s own self-payments for deposits.”
In a separate post on X, Reza Bashash, a principal at CoreNest Capital and co-founder of Sologenic and Coreum, said the attacker converted the stolen XRP to Ethereum, moved it onto the Ethereum network through THORChain, and sent the entire amount to crypto mixer Tornado Cash, making the funds significantly harder to trace.
Tx said it halted the bridge, fixed the affected code, traced the stolen funds, and filed a complaint with the FBI’s Internet Crime Complaint Center. It also hired blockchain forensics specialists and is working with security partners.
“As we pursue all legal paths forward, we are simultaneously evaluating all options for remedying the situation for affected users,” tx said.
The bridge remains offline while tx reviews its security. The project said holders do not need to take action and warned against accounts or websites claiming they can recover the funds.
The price of XRP hasn't budged much, despite the issues on the network. The Ripple-linked token continues to hover around the $1 mark, at roughly a $64 billion market cap, dropping roughly 5.5% over the last 30 days.
Traders on Myriad, a prediction market build by Decrypt's parent company, currently believe XRP continues to stay at the $1 price point for the rest of the week.
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Ripple CEO Brad Garlinghouse recently explained the core challenges facing global payments, comparing current systems to the early days of the internet. In an interview that drew attention on social media, Garlinghouse described how fragmented payment platforms create unnecessary delays and costs, and outlined Ripple’s approach to solving these persistent problems through its use of XRP.
Legacy payment networks remain isolatedGarlinghouse likened the present-day payments landscape to internet networks in their infancy. He pointed out that, just as CompuServe and AOL users could not email each other in the past, users of major payment services such as Venmo cannot seamlessly send funds between platforms — even where shared ownership exists, as with PayPal and Venmo.
He stressed that this fragmentation is not accidental, but a byproduct of how financial infrastructure was historically established. As a result, users face higher fees and slower transactions.
Garlinghouse explained that, “the payment systems themselves were designed to operate in closed networks, inevitably resulting in delays, errors, and inefficiency.”
Cross-border payments amplify the problemThe pain points are even more acute with cross-border payments. Garlinghouse stated that sending money internationally is “painful, expensive, slow, and mistakes happen,” with funds sometimes delayed for weeks. He argued that, despite advances in other technologies like live video streaming from space, global payment transfers lag far behind, not due to technological limits but legacy infrastructure.
Ripple’s approach to faster paymentsRipple, a US-based technology company specializing in payment solutions, developed its platform to address these inefficiencies. According to Garlinghouse, an XRP transaction can settle globally in approximately four seconds, costing only fractions of a cent per transaction.
He emphasized that consumers rarely consider the underlying asset powering a transaction. Instead, they care about speed and low fees. For this reason, Garlinghouse focused on the user experience rather than technical jargon in his explanation.
Ripple markets its technology to banks and financial institutions rather than targeting individual end-users directly. This strategy enables these entities, already integrated in worldwide payment flows, to deploy Ripple’s infrastructure for quicker settlement and lower operational costs.
Mini dictionary: Ripple – A technology company focused on real-time global payments, best known for developing the RippleNet network and using the digital asset XRP to facilitate instant cross-border transactions for financial institutions.
US regulatory chapter and renewed domestic activityGarlinghouse addressed Ripple’s prolonged legal dispute with the US Securities and Exchange Commission, which affected the company’s ability to operate domestically for about five years. He confirmed that Ripple has resumed its business activities in the United States now that the legal challenges are resolved.
He described the regulatory struggle as a major hurdle for innovation, noting that Ripple has now moved forward and reactivated its US operations.
AllInCrypto, a well-known crypto commentator, shared the interview and described Garlinghouse’s communication skills as positive for the future of XRP, emphasizing the importance of transparent leadership as Ripple continues to build on its global payment vision.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Slower XRP ETF inflows have investors exploring alternative digital asset strategies, with EX DeFi promoting cloud mining as a way to participate in crypto.
Summary
XRP ETF inflows fail to lift prices as investors explore alternative returns amid renewed market volatility. XRP struggles despite ETF inflows, while EX DeFi draws interest with cloud mining and diversified digital asset returns. Slowing XRP ETF inflows and price weakness push investors toward alternatives, with EX DeFi promoting cloud mining income options. Since August 2026, seven U.S. spot XRP ETF have collectively locked up approximately 992.5 million XRP and attracted over $1.5 billion in inflows. Despite continued institutional capital entry, the XRP price has largely fluctuated between $1.01 and $1.12; this performance has fallen short of market expectations, further fueling investor caution.
While nearly 1 billion XRP is a substantial figure, it represents only about 0.99% of the total 100 billion XRP supply. By comparison, Bitcoin ETF held a larger share of the circulating supply at their peak. Furthermore, if ETF issuers acquire XRP primarily through over-the-counter (OTC) markets or large holders rather than buying directly from spot exchanges, the impact of these inflows on immediate buying pressure in the open market may be limited.
As spot ETF continue to see inflows, the XRP price has failed to rise in tandem—even dipping below $1 at one point to hit a recent low—resulting in a contraction of market capitalization. This disconnect between price performance and ETF inflows has led some XRP holders to worry about potential further price declines and to re-evaluate their investment strategies.
Meanwhile, an increasing number of XRP investors, concerned about price pullbacks, are exploring alternative ways to generate returns. They seek to mitigate the impact of short-term volatility while keeping an eye on XRP long-term prospects and generating consistent additional income from their holdings.
Against this backdrop, the EX DeFi cloud mining platform is attracting growing investor interest. Through cloud mining and yield aggregation mechanisms, users can explore diversified sources of digital asset returns, enhancing the utility of their assets without relying solely on price appreciation.
Despite slowing ETF inflows, institutional demand for allocation remains a focus Although XRP ETF inflows have recently slowed, institutional interest in long-term XRP allocation remains robust. XRP is currently trading in the $1.01–$1.12 range, a price zone and subsequent capital flow pattern that the market is monitoring closely.
Meanwhile, regulatory policy remains a key factor influencing institutional capital inflows into XRP. As regulatory developments — such as the CLARITY Act — progress, further clarification of the digital asset regulatory framework could improve the environment for institutional participation in XRP ETFs, potentially re-accelerating capital inflows.
JPMorgan and Standard Chartered have previously projected potential capital inflows for XRP ETF. Should the regulatory environment continue to improve and institutional participation rise, there remains significant potential for growth in XRP ETF inflows.
Increased XRP volatility makes EX DeFi cloud mining an attractive option for investors Amidst recent heightened volatility in XRP prices, a growing number of XRP holders are turning to the EX DeFi cloud mining platform. They seek to explore diversified yield-generating models while maintaining their long-term digital asset holdings.
Unlike high-volatility leveraged trading or strategies that rely solely on asset price appreciation, EX DeFi cloud mining offers a more convenient way to engage with digital assets. Users do not need to deploy specialized mining hardware or bear maintenance costs; instead, they simply select a hashrate contract that suits their needs to participate in mining services.
This model allows users to explore alternative applications for their digital assets while keeping an eye on XRP’s long-term market performance, thereby reducing reliance on a single strategy based on price appreciation.
About EX DeFi Founded in 2021 and headquartered in the UK, EX DeFi operates in compliance with European regulatory frameworks such as MiCA and MiFID II. The platform continuously enhances transparency, operational standards, and user protection mechanisms, striving to provide a seamless and convenient digital asset service experience.
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Multi-layer encryption architecture, AI-driven risk management, and two-factor authentication (2FA).
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Conclusion Although capital inflows into XRP ETF have slowed recently, institutional allocation demand, progress in regulatory policies, and the development of the XRP ecosystem remain key factors driving market attention. Short-term price movements may still be influenced by capital flows, the macroeconomic environment, and market sentiment.
For long-term XRP holders, while paying attention to ETF fund flows and price changes, exploring more diversified ways to participate in digital assets has also become an important approach to managing market volatility. EX DeFi cloud mining service provides investors with a more convenient way to participate in the digital asset ecosystem and obtain stable passive income.
Visit the EX DeFi website today to start the cloud mining journey and earn up to $10,000 in stable passive income daily.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
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Canada's second-largest bank, Bank of Montreal (BMO), has disclosed positions in XRP-focused financial vehicles. The information appears in its latest quarterly Form 13F-HR filing submitted to the U.S. Securities and Exchange Commission (SEC).
The new filing officially confirms the presence of XRP within BMO's massive investment portfolio, whose total value exceeded $303 billion at the end of June 2026. Specifically, the bank's reportable positions include 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF.
Text file showing XRP ETF from Rex Osprey on Bank of Montreal's balance sheet, Source: Form 13F-HR filingThe bank did not purchase tokens directly on exchanges. Instead, it used regulated U.S. infrastructure in the form of spot and derivatives-based ETF products, allowing it to integrate the volatile token into a giant portfolio within a familiar legal framework and without direct custody risks.
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For Canada's banking sector, this is becoming a systemic trend. Earlier in the same reporting period, National Bank of Canada disclosed a holding of 3,848 shares in the Bitwise XRP ETF, worth approximately $330,000.
Conservative capital has effectively developed a single playbook: entering the cryptocurrency market selectively and through transparent funds.
New force behind institutional XRP accumulationAt the same time, 13F filings revealed a "changing of the guard" among XRP holders. Major first-wave players led by Goldman Sachs, which held positions worth more than $150 million around the turn of 2025–2026, had reduced or fully exited them by the summer, locking in profits.
However, they were replaced by a group of midsize asset managers and family offices, including Arax Advisory Partners, Gerber, Vista Finance and Gallacher Capital.
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These new investors are taking a more flexible approach, splitting capital between traditional spot funds, such as the Franklin XRP Trust and Bitwise, and short-term leveraged instruments such as the ProShares Ultra XRP ETF.
Because 13F filings are published with a 45-day delay, they provide only an interim snapshot. Nevertheless, BMO's filing officially confirms that XRP is now on another top bank's balance sheet.
XRP recorded its lowest weekly close in nearly two years, finishing at $1.03. The token is down 73% from its recent cycle high of $3.65, leaving many investors unsettled and prompting renewed attention toward Ripple CEO Brad Garlinghouse’s muted public presence during this downturn.
Growing uncertainty among XRP holders is centered around Garlinghouse, who has not made any new public statements as the cryptocurrency struggles to maintain its key $1 support. Abs Nassif, host of the Good Evening Crypto podcast, voiced the concerns of many within the community by pointing out that Garlinghouse has remained silent while XRP faces ongoing losses. This sentiment has been widely echoed by others in the XRP Army on social platforms.
Community members have repeatedly asked: Where is Brad Garlinghouse? The absence of communication has only fueled more anxiety among investors who are closely watching market conditions and leadership actions.
Some users highlighted Garlinghouse’s last activity on X, which dates back to July 22, when he responded enthusiastically to a comment from Ripple CLO Stuart Alderoty about the CLARITY Act, a crypto-focused legislative proposal. Since then, Garlinghouse has not addressed the bill’s stalled progress or the price decline.
Tracking Garlinghouse’s social media footprint, XRP community members noted a drop in his X account following count from 589 to 588, a figure carrying significance among enthusiasts who speculate about its relevance to price predictions. The reduction has raised additional questions about whether the CEO has been actively managing his account or is entirely absent from online discussions.
The silence has added to concerns as XRP’s price hovers near critical technical levels, prompting closer monitoring of developments by both retail and institutional holders in the current volatile climate.
Reactions from the XRP Army vary widely. Some dismiss the importance of Garlinghouse’s online activity, noting personal milestones such as his marriage in late 2025 as a possible reason for his absence. Others argue broader macroeconomic factors, like inflation and declining consumer spending, are more significant drivers behind the drop in XRP’s value. They believe executive commentary alone cannot change current market conditions and cannot be considered an obligation.
One prominent analyst, JD (@jaydee_757), referenced having publicly called the $3.37 cycle top for XRP and disclosed that he added to his position as the price neared $1, expressing long-term confidence in the asset, regardless of Garlinghouse’s silence.
Some traders maintain their conviction in $XRP, asserting that leadership silence is less significant than fundamental or technical factors affecting the market.
As the XRP community processes both the steep price correction and the leadership void, these discussions underscore an ongoing division in perspectives during periods of volatility. At the same time, rapid changes in global finance are reshaping how investors access traditional assets.
While technical indicators and market sentiment remain closely watched, innovative solutions are emerging for retail and institutional investors. Wall Street institutions are increasingly exploring Web3, with platforms like 1stepSwap allowing investors to hold shares of major U.S. companies, gold, and silver directly in crypto wallets. By tokenizing Real-World Assets (RWAs) and automatically sourcing the best available prices, these platforms remove traditional intermediaries from the process.
At the time of publication, Garlinghouse had not issued a public response to the community’s growing calls for communication.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP (CRYPTO: XRP) is seeing growing whale accumulation, surging network activity and rising derivatives leverage despite underwhelming price performance.
Whales Countering Selling Pressure?In an X post on Aug. 11, Santiment data showed that the number of XRP Ledger wallets holding at least 1 million XRP has increased by 32 over the past three months despite a 29% punge in XRP’s market capitalization.
The divergence suggests large holders have continued accumulating during the market downturn rather than retreating alongside prices.
Santiment pointed to Ripple’s RLUSD (CRYPTO: RLUSD) stablecoin as another fundamental development, noting its growing institutional presence alongside Ripple’s payments, custody and tokenization infrastructure.
The analytics firm said rising million-XRP wallets alongside falling market capitalization suggests stronger hands are absorbing selling pressure, potentially making future volatility more interesting for bulls.
XRP Network Activity SurgesCrypto chart analyst Ali Martinez highlighted another bullish divergence beneath XRP’s muted price action.
XRP network activity has surged since the beginning of August, with active addresses climbing 84.18% from 23,642 on Aug. 1 to 43,543.
Derivatives traders are also increasing their exposure.
Coindesk noted that open interest in XRP futures has risen to 2.67 billion XRP, worth almost $2.73 billion, up from $2.41 billion as of Aug. 1.
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Ripple has voted for the fixCleanup3_3_0 amendment as the proposal has secured support from 8 of 35 trusted XRP Ledger validators during its early voting stage.
Summary
Ripple has backed fixCleanup3_3_0, a package of fixes included with xrpld version 3.3.0. The amendment currently has 8 of 35 validator votes, leaving it below the activation threshold. Proposed changes cover vaults, lending, AMMs, Checks, the permissioned DEX, and pseudo-accounts. XRP traded near $1.06 as derivatives data showed uneven positioning across major exchanges. XRP Ledger fixCleanup vote remains below activation level XRPL validator voting data cited by community tracker CryptoRednirav shows that Ripple has cast a “yes” vote for fixCleanup3_3_0, taking support for the amendment to 8 of the 35 validators on the default Unique Node List.
The vote gives the maintenance package an early endorsement from one of the XRP Ledger’s main contributors, but Ripple cannot approve the amendment alone. Validators make their own decisions, and the proposal must maintain support from more than 80% of trusted validators for two consecutive weeks before it can take effect on the mainnet.
With 35 validators in the default configuration, more than 80% support would require at least 29 affirmative votes. The current eight votes do not start the two-week activation period, and no mainnet activation date has been set.
Unlike a standalone feature proposal, fixCleanup3_3_0 groups several corrections under one amendment. The official XRPL release notes describe fixes involving Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned decentralized exchange, Checks, and pseudo-accounts.
Among the proposed changes, developers have unified freeze and deep-freeze checks for transfers involving pseudo-accounts. The affected transaction types include VaultDeposit, VaultWithdraw, AMMDeposit, AMMWithdraw, LoanBrokerCoverDeposit, and LoanBrokerCoverWithdraw.
Other corrections would change how CheckCash and CheckCancel handle an all-zero CheckID, prevent invalid actions involving pseudo-accounts, and fix hybrid offers that disappear from a permissioned order book when an account loses access to its permissioned domain.
AMM-related changes address precision loss during deposits, withdrawals, and clawbacks. The package also prevents an AMM from being deleted through an unauthorized transaction type and changes the response produced by a specific AMMWithdraw calculation that would otherwise divide by zero.
Version 3.3.0 places six amendments before validators Released on Aug. 6, xrpld version 3.3.0 contains the code needed for fixCleanup3_3_0 and five feature amendments, though installing the software does not activate any of them.
As crypto.news reported on Aug. 7, the other proposals are ConfidentialTransfer, BatchV1_1, DynamicMPT, PermissionDelegationV1_1, and Sponsor. Each amendment has a separate function and must pass through the validator process before its rules become part of the mainnet.
ConfidentialTransfer would add private transfers for Multi-Purpose Tokens by hiding balances and transfer amounts from the public while keeping them verifiable on the ledger. Authorized parties, including issuers or auditors, could still access information required for compliance under the proposal’s design.
BatchV1_1 would let an account package as many as eight inner transactions together, supporting uses such as atomic swaps in which all transaction steps succeed or fail as a group. The revised amendment replaces an earlier Batch version that was disabled after developers found a security problem.
PermissionDelegationV1_1 also replaces an earlier proposal. Its rules would let an account give another account limited transaction authority without sharing control of the main private key.
DynamicMPT would allow issuers to designate selected Multi-Purpose Token properties as changeable when creating an asset. Sponsor, meanwhile, would let companies or other entities pay transaction fees and reserve requirements for users while leaving control of the users’ accounts and keys unchanged.
Alongside the amendment code, version 3.3.0 has retired Clawback, fixDisallowIncomingV1, fixInnerObjTemplate, fixNFTokenReserve, and fixUniversalNumber. Retirement removes the older amendment gates after the underlying rules have operated for an extended period; it does not remove the user-facing functions from the ledger.
The release also includes changes to node synchronization, online deletion, ledger-delta assembly, and subscription cleanup. Developers added more tests, adopted the C++23 standard, and changed the server’s system service settings to allow additional time for a controlled shutdown.
Node operators have been asked to install version 3.3.0 to maintain service continuity. A server that does not recognize an activated amendment can become amendment-blocked, meaning it can no longer determine the valid state of the ledger.
Vault and lending fixes accompany separate feature votes Precision and rounding corrections for Single Asset Vaults and the Lending Protocol form one part of fixCleanup3_3_0, while the vault and lending systems themselves remain subject to separate amendments.
Ripple recently backed both proposals, voting in favor of XLS-65 for Single Asset Vaults and XLS-66 for the Lending Protocol. Voting data published on Aug. 10 placed support near 40% for XLS-65 and above 37% for XLS-66, leaving both below the required supermajority.
Single Asset Vaults would pool one type of token, which could include XRP, Ripple USD, or another XRPL-issued asset. Depositors would receive shares representing their claims on the assets held by a vault.
Liquidity from those vaults could then fund fixed-term loans through XLS-66. Rather than requiring every borrower to post assets worth more than the loan, the proposed framework would rely on off-chain credit checks, compliance reviews, and underwriting. XRPL would record and enforce the agreed loan terms, including interest, repayments, and defaults.
Security firm Halborn completed a lending protocol re-audit in June. The firm reported no critical or high-risk findings after reviewing transaction checks, accounting rules, access controls, parameter limits, and state consistency.
Halborn identified five findings: one medium-risk issue, two low-risk issues, and two informational items. Its report said Ripple had addressed, accepted, or acknowledged all five, including a vault asset-limit bypass involving loan interest and a missing freeze check in LoanBrokerSet.
For U.S. institutions, ledger-level lending would not replace obligations arising from securities, lending, sanctions, consumer-protection, or anti-money-laundering rules. Participating firms would still need to conduct the legal and compliance checks applicable to their activities before using the ledger for execution and record-keeping.
XRP rebounds as exchange positioning remains mixed XRP (XRP) traded near $1.06 at publication after recovering from the $1 area, according to current market data. The token had gained almost 3% over the preceding 24-hour period, while trading volume increased by about 16%.
CoinGlass data showed a less uniform response in the derivatives market. Total XRP futures open interest fell by more than 0.65% within one hour after recently moving above $2.70 billion, indicating that some leveraged positions had been closed during the rebound.
Exchange-level figures also differed. CME XRP futures open interest remained 1.31% higher over 24 hours, while open interest declined on Binance, OKX, Bybit, and several other crypto exchanges.
The distinction is relevant to American investors who obtain XRP exposure through regulated products rather than holding the token directly. Recent XRP ETF figures covered by crypto.news showed that Canary’s U.S.-listed fund lost $81.6 million in net assets even as share activity added $82 million, with $159.7 million in unrealized XRP depreciation accounting for the difference.
Canada’s second-largest bank, Bank of Montreal (BMO), has officially disclosed holdings in XRP-focused exchange-traded funds in its latest quarterly Form 13F-HR filing with the U.S. Securities and Exchange Commission (SEC).
BMO’s XRP ETF exposureThe filing confirmed that BMO, which manages assets exceeding $303 billion as of the end of June 2026, holds 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF. Both of these financial vehicles focus on providing exposure to the price movements of the XRP cryptocurrency, but do so via regulated U.S. ETF structures.
Rather than purchasing XRP tokens directly through exchanges, BMO has chosen to invest through these regulated ETF products. This approach allows the bank to gain exposure to XRP price fluctuations within a legal and operational framework it already uses, minimizing the risks associated with direct token custody.
Bank of Montreal, commonly referred to as BMO, is one of Canada’s largest financial institutions, serving millions of clients globally through a range of banking and investment services.
Mini dictionary: Rex Osprey XRP ETF and ProShares Ultra XRP ETF—Regulated funds available to institutional investors in the U.S., providing exposure to the price movements of XRP through traditional equity market channels rather than direct cryptocurrency holdings.
Canadian banks increasingly embrace regulated crypto fundsThis trend is mirrored across Canada’s major banks. In the same reporting period, National Bank of Canada reported a position of 3,848 shares in the Bitwise XRP ETF, valued at approximately $330,000. Rather than making direct purchases of digital tokens, these leading banks prefer regulated and transparent ETF structures to cautiously enter the cryptocurrency market.
Institutional investors are following a consistent strategy: selectively gaining exposure to cryptocurrencies through regulated financial products while maintaining compliance with established frameworks and risk controls.
BankXRP ETF/Fund HoldingsEstimated ValueBank of Montreal323 Rex Osprey XRP ETF shares, 20 ProShares Ultra XRP ETF sharesNot disclosedNational Bank of Canada3,848 Bitwise XRP ETF shares$330,000Shift in institutional XRP holdersRecent 13F filings have highlighted a significant shift among major XRP holders. Large, early-stage participants such as Goldman Sachs, which once managed positions exceeding $150 million at the turn of 2025–2026, have scaled back or fully liquidated their XRP holdings by mid-2026, realizing their profits.
Taking their place is a rising group of midsize asset management firms and family offices. Notable entrants include Arax Advisory Partners, Gerber, Vista Finance, and Gallacher Capital. These investors are distributing their capital across both traditional spot-based funds, such as the Franklin XRP Trust and Bitwise products, and more short-term leveraged ETFs, including the ProShares Ultra XRP ETF.
Major Canadian banks have adopted a model of engaging with cryptocurrency markets exclusively through transparent, regulated funds, signaling a robust but cautious approach to digital asset integration.
As 13F filings are made public with a 45-day lag, these disclosures offer only a partial view of the current holdings. However, BMO’s confirmation signals that XRP has secured a place within the asset mix of another prominent North American bank.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple could move ahead with its institutional strategy even as the CLARITY Act faces fresh delays in the US Senate, according to leading crypto researcher SMOKE. SMOKE emphasized that while ongoing regulatory uncertainty poses challenges for digital assets, Ripple’s expansion need not remain on hold.
Alternative regulatory pathwaysThe CLARITY Act is a proposed bill that would create comprehensive digital asset regulations in the US, including clearer guidance on token classification and expanded federal oversight. Although such legislation could offer crucial certainty to the entire crypto industry, analysts point out that it is not the exclusive path to regulatory legitimacy for blockchain firms.
Ripple, a US-based blockchain payments company best known for its XRP token, has already secured a conditional national trust bank charter from the Office of the Comptroller of the Currency (OCC). The OCC granted this approval in December 2025, paving the way for Ripple to potentially operate as a federally supervised trust bank.
Mini dictionary: Office of the Comptroller of the Currency (OCC), a US federal agency that supervises and regulates national banks and federal savings associations, ensuring their soundness and compliance with federal laws.
A federally licensed trust bank structure could position Ripple more strongly with regulated financial businesses. This development could be especially relevant for institutional custody, stablecoin issuance, and RLUSD reserve management—key areas for the company’s growth outside traditional payments.
Conditional progress and broader industry impactSMOKE maintains that if Congress continues to stall on the CLARITY Act, Ripple’s conditional OCC charter can still serve as an important avenue for regulatory advancement. However, the approval remains provisional, meaning Ripple does not yet function as a fully established national bank. Moreover, OCC oversight applies specifically to Ripple’s trust bank, and cannot replace broad industrywide rules that only federal legislation can deliver.
Both the CLARITY Act and the OCC charter could ultimately complement each other. The former would address digital asset regulation at the national level, while the latter offers Ripple a firm-specific regulatory path. Ripple could stand to benefit if both initiatives move forward, gaining both market clarity and an upgraded regulatory infrastructure.
InitiativeScopeStatusPotential Benefit for RippleCLARITY ActAll US digital asset companiesDelayed in US SenateClear federal rules for industryOCC CharterRipple-specificConditionally approved (Dec 2025)Federal trust bank operationsUS regulatory outlook and ongoing expansionMeanwhile, the US Securities and Exchange Commission is evaluating new regulatory strategies for digital assets. Lawmakers are expected to revisit the CLARITY Act after the Congressional recess in August, but prospects for swift passage remain uncertain as attention turns to September.
SMOKE describes Ripple’s regulatory strategy as multi-pronged, arguing that the company can keep building across payments, stablecoins, tokenization, and custody, regardless of congressional delays.
Despite legislative uncertainty, XRP adoption and Ripple’s infrastructure development can continue. The company’s expansion in institutional sectors and cross-border transactions could drive new opportunities for both XRP and the XRP Ledger network.
Ripple’s path is not contingent on the CLARITY Act passing. Should federal crypto legislation advance, Ripple could eventually benefit from having both a broader regulatory framework and its own bank charter. Until then, the company can pursue its ambitions and the use of XRP does not need to pause.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Tokenizing precious metals on public blockchains has gained momentum in 2026. Ripple‘s XRP Ledger, known for its speed and cost-effectiveness in cross-border payments, was an early entrant in this trend. In 2024, Meld Gold, a specialist in digital gold products, introduced the first batch of tokenized gold shares on the XRP Ledger. Despite this innovation, the amount of gold involved remains modest, with about 1,000 ounces accounting for a few million dollars in assets.
Assetiko expands XRP Ledger tokenizationFollowing Meld Gold’s initiative, Assetiko, a digital asset tokenization platform with a larger gold reserve, implemented a similar strategy. The company released approximately 1,524 certified ounces of gold, establishing an XRP-based collateral pool valued at $3.08 million. Assetiko’s move signaled an ambition for larger-scale tokenization, raising the prospect of multi-billion dollar on-chain gold reserves if broader institutional adoption occurs within the UK.
Crypto analyst SMQKE examined this dynamic and highlighted the connection between ongoing tokenization efforts and new regulatory developments in the UK. SMQKE stated on X that XRP Ledger has the capabilities to tokenize gold and emphasized that Ripple operates as an FCA-authorized fintech firm in the country.
SMQKE observed that Ripple holds formal FCA authorization in the UK, which enables XRP Ledger to potentially support large-scale gold tokenization projects within the United Kingdom’s financial system.
Mini dictionary: FCA (Financial Conduct Authority), the financial regulatory body in the United Kingdom, oversees the conduct of financial services firms and markets to ensure integrity and protect consumers.
Potential UK gold market transformationThe United Kingdom’s Financial Conduct Authority reportedly is considering plans to allow over 70% of the country’s gold reserves to be moved on-chain. The objective is to strengthen London’s position in global gold trading and respond to increased competition from markets in Shanghai and Hong Kong. If the FCA advances this initiative and leverages the XRP Ledger, tokenization efforts could scale from millions to billions of dollars, fundamentally altering gold reserve management in the region.
A decision by the UK to deploy a large portion of its gold reserves on-chain would mark a major institutional endorsement for XRP Ledger and the broader blockchain-based asset tokenization sector. The integration of gold tokenization infrastructure is projected to move significant capital into the digital asset space, making practical factors such as user adoption and operational scalability the next hurdles for progress.
ProjectGold Tokenized (ounces)ValueBase TechnologyMeld Gold~1,000A few million USDXRP LedgerAssetiko1,524$3.08 millionXRP LedgerPotential UK FCA InitiativeOver 70% of UK gold reservesBillions USD (projected)XRP Ledger (proposed)Ripple advances UK strategy after regulatory approvalRipple, a San Francisco-based payments technology company, has recently strengthened its regulatory position in the UK. The company secured an Electronic Money Institution (EMI) license and received registration as a cryptoasset business, updating its compliance with the latest UK financial services framework. These regulatory clearances have enabled Ripple to expand its payment operations inside the UK market.
With established regulatory backing, Ripple is positioned to support a potential transition toward tokenized assets in the UK. As regulatory and technical questions give way to considerations of demand, market adoption will determine the pace and scale of blockchain-based gold reserves in the United Kingdom.
Ripple’s recent regulatory approvals have paved the way for integrated growth of payment services and asset tokenization initiatives across the UK financial sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDRXRP Enters BMO Portfolio Through ETFsInstitutional XRP Holdings ShiftGet 3 Free Stock Ebooks Bank of Montreal disclosed XRP exposure through two regulated U.S.-listed ETF products in its latest 13F filing. BMO held 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF. The positions formed part of BMO’s investment portfolio, valued at more than $303 billion at the end of June 2026. National Bank of Canada also reported XRP exposure through 3,848 shares of the Bitwise XRP ETF. Recent 13F filings show XRP fund ownership shifting from larger early investors toward midsize asset managers and family offices. The filings reflect holdings as of June 30 and may not represent current positions because 13F reports can arrive up to 45 days later. Bank of Montreal disclosed positions in XRP-linked exchange-traded funds in its Form 13F-HR filing with the U.S. Securities and Exchange Commission. The filing shows XRP exposure in BMO’s $303 billion portfolio as of June 30, 2026.
The bank reported 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF. BMO used regulated funds rather than buying XRP directly.
XRP Enters BMO Portfolio Through ETFs The filing shows how BMO gained exposure through products traded in established financial markets. The approach gives the bank access to XRP price moves while avoiding direct crypto custody.
The position remains small compared with BMO’s portfolio. Still, the disclosure places XRP-linked products among the bank’s reportable U.S. investments for the quarter.
National Bank of Canada also reported XRP exposure during the same period. It disclosed 3,848 shares in the Bitwise XRP ETF, valued at about $330,000.
Both filings show Canadian banks using regulated funds to access cryptocurrency markets. The institutions selected listed products rather than direct token ownership.
Institutional XRP Holdings Shift The latest 13F reports also show changes among larger XRP fund holders. Goldman Sachs, which previously reported positions worth more than $150 million around late 2025 and early 2026, had reduced or exited them by summer.
New holders included Arax Advisory Partners, Gerber, Vista Finance and Gallacher Capital. These firms used the Franklin XRP Trust, Bitwise funds and the leveraged ProShares Ultra XRP ETF.
Form 13F filings arrive up to 45 days after each quarter ends. They show reportable securities positions, not real-time trading activity.
BMO’s filing reflects holdings as of June 30, 2026. It confirms regulated XRP investment exposure at another major Canadian bank.
Bank of Montreal (BMO), one of Canada’s largest financial institutions, reported exposure to XRP through U.S.-regulated exchange-traded funds, according to its latest Form 13F-HR filing with the Securities and Exchange Commission. As of June 30, 2026, BMO managed a portfolio valued at over $303 billion and included XRP-linked ETF shares among its holdings.
Canadian banks opt for regulated crypto exposureThe filing shows BMO held 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF during the reporting period. Both securities offer indirect exposure to XRP’s price action while allowing the institution to avoid the risks associated with direct cryptocurrency custody. The total XRP-related position remains relatively minor compared to BMO’s overall U.S. investment book, but it marks a notable step into crypto for the Canadian bank.
National Bank of Canada also disclosed a stake in the XRP market, holding 3,848 shares of the Bitwise XRP ETF, valued at approximately $330,000. Like BMO, National Bank of Canada chose regulated, listed products on established exchanges instead of purchasing XRP tokens outright.
These filings reflect a trend among traditional financial institutions to use regulated investment vehicles for accessing cryptocurrency markets rather than handling digital assets directly.
Ownership trends shift toward diverse managersRecent 13F reports indicate a changing mix of institutional XRP ownership. Large asset managers such as Goldman Sachs, who had previously reported positions exceeding $150 million in late 2025 and early 2026, have scaled back or exited their XRP-linked ETFs. During the same timeframe, new entities including Arax Advisory Partners, Gerber, Vista Finance, and Gallacher Capital became prominent holders, using vehicles such as the Franklin XRP Trust, various Bitwise funds, and the leveraged ProShares Ultra XRP ETF.
This shift reflects broader dynamics in the sector, as allocations migrate from major institutional players to a mix of midsized asset managers and family offices. The trend is supported by increased regulatory clarity and growing demand for innovative exposure to digital assets among professional investors.
Form 13F filings show only reportable securities holdings as of the end of each quarter and may not capture real-time trading activity, since these reports can be submitted up to 45 days after the quarter’s close.
Wall Street enters Web3 through tokenized assetsAlongside the adoption of crypto-linked ETFs, a significant transformation is unfolding as Wall Street channels more attention and capital toward Web3 and tokenized real-world assets. While monitoring technical patterns and ETF flows, investors are increasingly turning to platforms such as 1stepSwap, which allow users to hold shares of major U.S. companies, gold, and silver directly in their crypto wallets. This approach eliminates intermediaries by tokenizing real-world assets and using smart algorithms to source the best market prices instantly.
For institutional and retail clients alike, the ability to access a diverse set of assets through tokenization signals changing preferences in portfolio construction and risk management.
BMO’s disclosure underlines the ongoing evolution of the sector, as Canadian banks and global asset managers look for regulated, strategically sound avenues to participate in digital and tokenized assets. Although these positions are still small when compared to their broader portfolios, they signal a cautious yet meaningful integration of crypto-focused products into traditional financial management.
National Bank of Canada and BMO’s use of regulated ETF products also demonstrates an industry-wide preference to minimize custody and compliance challenges while capturing some upside from cryptocurrency markets.
As the landscape for digital asset investment continues to evolve, further shifts in institutional allocation are expected to emerge in upcoming filings.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The bridge operating between the XRP Ledger (XRPL) and the tx network was halted after a critical security vulnerability in the software was exploited. The attacker created bridged XRP without any actual XRP deposits, making it appear as valid deposits, and then withdrew the real XRP from the bridge’s reserve.
According to a statement by the tx team, the attack occurred on August 9th. Due to an error in the bridge’s investment detection mechanism, some transactions were recorded as successful deposits by the system even though no XRP reached the bridge address on the XRP Ledger.
Fake XRP Balances Created The attacker exploited this vulnerability to create bridged XRP balances on the transaction chain that were not actually collateralized. These unbacked balances were then used to withdraw real XRP from the bridge reserve on the XRP Ledger.
The tx team made the following statement regarding the incident:
“The bridge software incorrectly recorded transactions as investments that didn’t actually deliver any XRP to the bridge, and minted bridged XRP on the tx chain in return. The attacker then used these unbacked balances to withdraw real XRP from the reserve.”
The company also stated that the bridge in question underwent multiple internal and third-party security audits before being made available, but the attacker exploited a previously undetected vulnerability.
The amount stolen is estimated to be 200,000 XRP (approximately $200,000).
According to information shared by tx, the impact of the attack was limited to bridged XRP on the tx chain. Following the attack, it was stated that all bridged XRP in circulation is no longer backed one-to-one with actual XRP reserves.
Other bridged assets were reportedly fully secured.
The team also emphasized that tokens and user funds held on centralized exchanges, decentralized exchanges, or directly on the blockchain were not affected by the incident.
Following the detection of the incident, the bridge between XRPL and tx was shut down. It was reported that the security vulnerability was identified and the necessary corrections were made to the code that caused the vulnerability.
Other steps taken by the tx team following the attack include tracking the movement of stolen funds across different blockchain networks and working with blockchain forensics companies.
The company also announced that it has filed a formal complaint with the FBI Internet Crime Complaint Center (IC3), including all transaction records related to the attack and additional information that could help identify the attacker.
tx management stated that different options are being evaluated regarding how to compensate users affected by the incident.
The company stated that details regarding the compensation mechanism to be implemented and the timeline of the process will be shared in a new announcement to be made later.
However, tx announced that all available legal avenues will be pursued to identify and prosecute the attacker.
The XRPL-tx bridge will remain closed until security reviews and system upgrades are complete.
*This is not investment advice.
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XRP was built to solve a problem gold never could, according to Vet, a contributor to the XRP Ledger Foundation, an XRP Ledger dUNL validator, and co-founder of XRP Café. In a recent interview, he laid out why he believes the token’s core design gives it a role no previous asset has ever been able to fill.
Why Vet Compares XRP to Gold
Vet compares XRP to gold, calling both neutral assets that have no single issuer. “Gold is accepted everywhere,” he said, describing it as a neutral asset that “everybody can have and trust independently of a third party.”
But he was quick to point out where gold’s usefulness breaks down. Moving physical gold across borders is slow and difficult, and verifying its authenticity adds another layer of friction. “You put it into a vault,” he said. “If you want to make a payment with gold, it’s very, very difficult.”
Gold’s Trust, Without Gold’s Problems
Vet argues that native cryptocurrencies like Bitcoin and XRP inherit gold’s core properties, decentralization, no single issuer, universal trust, while removing the physical barriers that make gold impractical to actually use. XRP retains gold-like trust properties but settles transactions in just seconds, letting value move globally at internet speed while remaining fully verifiable. “Everybody can verify it’s real XRP,” he said, calling that combination something that “has never existed before.”
How XRP Functions as a Bridge
According to Vet, the XRP Ledger puts these properties to work through a specific mechanism. The XRP Ledger has a built-in feature called auto bridging to improve liquidity, a system that connects different currencies based on their available liquidity, using XRP as the connecting asset in the process.
He explained why XRP specifically fills that role rather than any other token on the ledger. As a neutral, jurisdiction-free asset, XRP can be held and transacted without censorship, making it a natural fit for bridging currencies that otherwise wouldn’t connect efficiently.
A Familiar Comparison From Traditional Finance
To make the concept easier to grasp, Vet compares XRP’s bridge role to how the dollar works in traditional finance. Just as holding US dollars gives someone a stable, widely accepted position from which to convert into British pounds, euros, or yen, XRP is designed to serve a similar function within crypto markets, sitting in the middle as a liquidity bridge between otherwise disconnected currencies and assets.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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TLDR: XRP futures open interest reached 435.1M on Binance, pushing its 30-day Z-Score to about 1.20. A Z-Score above 1.0 shows above-average open interest, not necessarily a bullish direction. XRP Ledger wallets holding over 1M tokens grew by 32 in three months, Santiment data shows. RLUSD has grown into a key institutional stablecoin while XRP trades near $1.00 to $1.02. XRP open interest on Binance remains elevated even as the token’s price continues to soften, data shows. Open interest in XRP futures contracts has reached roughly 435.1 million XRP, well above the 30-day moving average near 403.6 million XRP.
The gap has pushed the Open Interest Z-Score to about 1.20, a level that points to derivatives activity running above typical ranges.
XRP traded near $1.01 at the time of writing, reflecting continued price weakness despite this elevated positioning.
Source: Coingecko
Open Interest Data Points to Active Derivatives Positioning The standard deviation for XRP open interest over the past 30 days stands at approximately 26.3 million XRP. Measured against this range, current open interest sits more than one standard deviation above the recent average.
This places the Z-Score reading at roughly 1.20, a figure traders often watch for shifts in derivatives behavior. A high Z-Score does not automatically point to a bullish setup. The metric only tracks the volume of open positions on the exchange.
Source: Cryptoquant
It does not separate long positions from short ones in the underlying data. As a result, rising open interest can reflect added leverage on either side of the market.
Open interest staying above its average while XRP trades near $1.02 suggests speculative positioning has not eased.
Traders appear willing to keep contracts open even as spot prices soften. This pattern often signals that market participants expect a decisive move rather than continued drift.
The next stretch of price action will likely determine how these positions resolve. A rise in open interest paired with firmer prices could support renewed momentum for XRP.
A continued price decline alongside elevated open interest raises the risk of forced liquidations, particularly if selling pressure accelerates.
Large XRP Wallets Keep Accumulating During the Downturn Santiment Intelligence noted that XRP Ledger wallets holding over one million tokens added 32 new wallets over three months.
The addition of large-holder wallets during this stretch came alongside a 29% decline in market capitalization.
XRP has traded near $1.00 through much of the summer, with performance described as underwhelming. Ripple’s RLUSD stablecoin, trading around $0.99, has expanded into a notable presence within institutional stablecoin markets during the same period.
Ripple’s broader infrastructure continues to support settlement activity on the Ledger. Payments, custody, and tokenization services remain tied to ongoing use cases for XRP. This network activity persists independent of short-term price swings in the token.
Growth in million-XRP wallets during a market cap decline often signals accumulation by larger holders. Trading volume over the past 24 hours reached $905,040,648, alongside a 1.76% price drop for the day. The seven-day decline for XRP stands at 6.07% as of writing.
XRP futures open interest on Binance has climbed to 435.1 million tokens, with the 30-day Z-Score rising to approximately 1.20, signaling heightened derivatives activity even as XRP’s spot price lingers near $1.00 to $1.02. Despite the elevated level of speculative positioning, the token’s price continues to face downward pressure.
Derivatives market signals elevated positioningCurrent open interest on Binance surpassed its 30-day moving average of 403.6 million XRP by more than one standard deviation. The standard deviation over the period measures about 26.3 million XRP, placing the Z-Score at 1.20 and highlighting increased positioning relative to average volume.
A Z-Score above 1.0 suggests a significant departure from typical open interest levels but does not clarify whether those positions are long or short. Rather than predicting a bullish reversal, the Z-Score solely reflects the quantity of open contracts, which can rise as traders boost leverage on either side of the market.
XRP’s drift between $1.00 and $1.02, despite persistent interest in futures contracts, points to continued speculation and unresolved directional conviction among market participants.
Market data indicate that XRP’s open interest on Binance remains elevated even as the spot price has declined, suggesting traders are preparing for significant price moves while maintaining substantial leveraged positions.
If open interest remains high during price drops, the market faces an increased risk of liquidations, especially if downside volatility strengthens. A simultaneous rise in both open interest and price, however, could signal renewed momentum for XRP.
Large holders increase XRP accumulationAccording to data from Santiment Intelligence, XRP Ledger wallets holding more than one million tokens rose by 32 over the last three months, coinciding with a 29% market cap decline. This development highlights accumulation by larger entities during market weakness.
Despite subdued price action through the summer, Ripple’s RLUSD stablecoin has become increasingly prominent among institutional investors, trading close to $0.99. The stablecoin has carved out a key role in digital asset markets as broader market participants seek reliable settlement assets.
Ripple’s infrastructure continues to support network settlement, custody services, and tokenization despite XRP’s muted performance. Market observers often monitor the growth of large XRPL wallets as a potential signal of ongoing interest from major holders.
Santiment Intelligence reported that the addition of 32 wallets with over one million XRP underscores ongoing wallet growth among large holders, even as market capitalization declined.
Tokenization trends and market innovationInstitutional and retail interest in real-world asset tokenization continues to grow as investors seek diversified exposure and efficiencies outside traditional financial channels. While analysts watch indicators like open interest Z-Scores and accumulation patterns for potential directional shifts, trading platforms are evolving quickly to meet new demands.
Reflecting a major change in how markets operate, Wall Street’s transition to Web3 has enabled investors to hold tokenized shares of major U.S. companies, gold, and silver directly in crypto wallets. Platforms such as 1stepSwap are facilitating these trades by automatically accessing the best prices in seconds and eliminating intermediaries, accelerating access and cost efficiency for digital asset holders.
Over the last 24 hours, XRP trading volume reached $905 million, with the token showing a daily loss of 1.76% and declining by more than 6% in the past week. As both traditional and digital assets become more integrated across tokenized platforms and as large holders continue to accumulate, the market remains poised for significant future volatility.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Pi Network price hovered above $0.088 on Wednesday as softer inflation data and Protocol 26 supported renewed market interest. PI gained 2.34% over 24 hours, outperforming the mostly flat cryptocurrency market.
Bitcoin price was trading at over $64,400, and Ethereum was close to $1,888. XRP price remained around $1.00 as improving economic sentiment encouraged traders to explore riskier digital assets during Wednesday’s session.
PI remains over 95% below its February 2025 peak, despite the latest improvement.
Softer CPI Data Lifts Cryptocurrency Sentiment Inflation in the United States had cooled in July, boosting hopes that the monetary environment would get more favourable to speculative markets. The Consumer Price Index has risen 0.1% every month and 3.4% every year according to official data.
The annual reading fell to 3.5% in June and this is an indication that the pace of price pressures was gradually cooling. Core CPI improved by 0.2% per month, and core inflation was 2.5% per year.
BREAKING: September pause odds just jumped to 64%, up from just 30% a month ago.
The shift happened fast. A week ago, odds were just 45%.
This lines up exactly with today’s cooler CPI print. Headline inflation rose just 0.1% in July and slowed to 3.4% year over year, down from… https://t.co/6LjfhI9nmJ pic.twitter.com/PnehGY6rkH
— Bull Theory (@BullTheoryio) August 12, 2026
The lower inflation can decrease the pressure on the Federal Reserve to keep interest rates restrictive over a longer period. Liquidity and higher demand of cryptocurrencies and other riskier investments are more likely to be met by easier policy expectations.
Protocol 26 Upgrade Supports Pi Network Outlook The August 11 deadline of Pi Network meant that Mainnet node operators had to get Protocol 26 completed. Those operators not having reached that deadline were disconnected to Mainnet until they installed the necessary software.
By Wednesday, no network interruptions had become popular. But the Pi Core Team had not indicated the number of operators who had undergone the upgrade
Observers have no official participation numbers on which to base their measurements of adoption at the node infrastructure of Pi Network. Stable Mainnet activity, however, alleviated immediate fears regarding operational issues after the deadline.
Protocol 26 enhances the safety of smart contracts, cryptography tools, state management, and interoperability.
The update also lays the groundwork to Protocol 27, which finishes the series of planned protocol changes.
Pi Network Price Prediction Is a Rally Toward $0.10 Next? The Pi Coin price traded near $0.0880 after defending the important $0.085 support level. PI was under $0.090 as traders evaluated the Protocol 26 upgrade.
The four-hour set-up reveals PI is consolidating between $0.085 and $0.090. The RSI is 49.05, which represents a neutral momentum. Meanwhile, the MACD line crossed above its signal line, suggesting bearish pressure is weakening.
Source: TradingView An established breakout of over $0.090 would drive the future Pi Coin outlook towards $0.095. Good momentum beyond that point could clear the way to $0.10. Nonetheless, a loss of 0.085 may reveal the lower support area of $0.080-$0.082.
The Department of Labor Statistics is due to release July inflation data. (Department of Labor)Summary
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Wednesday’s big story is XRP (XRP), the payments-focused cryptocurrency. Not only did a bridge linking to the XRP Ledger experience an exploit early today, but the token price also hovers near a level that, if breached, could embolden bears.
That level is $1. Prices briefly fell to 99 cents on some exchanges on Tuesday and, while they quickly recovered, the bounce looked to have stalled near $1.02. XRP has lagged behind bitcoin and the broader market recovery in recent days.
What’s more, open interest in XRP futures has risen to 2.67 billion XRP ($2.73 billion), the most since October, from 2.25 billion XRP at the start of the month. This buildup of leverage while XRP trades at this price points to potential volatility.
That means XRP is more vulnerable than other major cryptocurrencies such as bitcoin BTC$63,704.66, ether ETH$1,893.43 and solana (SOL) to the U.S. CPI release later today. A hotter-than-forecast reading would strengthen bets on Fed interest-rate increases and drive already-buoyant Treasury yields higher, creating headwinds for risk assets.
Forecasts point to 0.1% month-on-month growth in the headline CPI for July, up from June’s –0.4% reading. The year-on-year figure is expected at 3.4%, down from 3.5%, and annual core CPI inflation is seen dropping to 2.5% from 2.6%.
According to ING, a softer-than-expected print could weaken the dollar, an outcome that could bode well for the crypto market.
In bitcoin’s case, traders are hoping the report will push the price out of its recent trading range of $62,000 to $66,000. However, the way BTC options are currently priced suggests low expectations for CPI-driven fireworks.
Markus Thielen, founder of 10x Research, said the market is pricing a post-CPI swing of just 1.3%, which is nothing out of the ordinary.
Data tracking website Laevitas made a similar observation: “7d ATM IV [implied volatility] has compressed to 29.1v on BTC and 41.2v on ETH even as a binary July print lands inside the weekly window, so the term structure is declining to price the event risk that sits directly on the tape,” Laevitas said on X.
The fact that expectations remain low could be just the setup for markets to be surprised into action by a potential big beat or miss in the inflation figures. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."
What’s trendingOne overlooked group has added $1.78 billion of selling pressure to bitcoin market (CoinDesk): Bitcoin’s 27% price slide this year isn’t just about ETFs and digital asset treasuries. Public miners have been an under-recognized supply source hitting the market right at the margin.XRP bridge drained for $200,000 after software mistook fake deposits for real ones (CoinDesk): An XRP bridge lost nearly 200,000 XRP, worth about $200,000 at current prices, after a software flaw let an attacker claim deposits that were never made, then withdraw real tokens against the fake balances.Here's what bitcoin and ether traders are doing ahead of the binary U.S. CPI print (CoinDesk): If the July U.S. consumer price index is higher than expected, the Federal Reserve could go for a rate hike in September. Traders are positioning in different ways ahead of the data release. Some are buying upside exposure. Others are focusing on higher volatility.Today’s signalXRP's price chart. (TradingView)The chart shows XRP’s weekly price swings in candlestick format since 2023.
The token’s price peaked above $3.50 in July last year and has been declining ever since. It is now hovering close to $1. A drop under this level would be the first since November 2024, when Donald Trump won the presidential election.
In that case, the July 2023 high of 92 cents, where buyers ran out of steam, could now act as support on the way lower. If that level gives way, the next potential support is seen directly at around 50 cents.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Futures activity on XRP has reached its highest level since October, according to a report from CoinDesk, following the release of the Consumer Price Index (CPI) report. This increase in leveraged futures activity suggests that market participants are preparing for heightened volatility in the wake of the U.S. inflation data. Recent CPI reports have historically triggered significant movements in the cryptocurrency market, affecting XRP and other risk assets.
The CPI report is a key indicator of inflation in the United States and often influences Federal Reserve policy expectations. A higher-than-anticipated CPI figure can exert pressure on risk assets, while a cooler number has been seen to support rallies in the crypto market, including XRP. The current activity in XRP futures could reflect anticipation of such a scenario, with participants possibly preparing for both potential upward and downward moves.
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Market pricing for XRP reaching a new all-time high by the end of 2026 remains relatively low, with current odds at 6.7% for December 31. However, the increase in futures activity may indicate a shift in sentiment, as market participants weigh the potential impact of macroeconomic factors on XRP’s price trajectory.
Key Takeaways Recent futures activity on XRP has surged, suggesting anticipation of increased volatility following the CPI report. Market activity appears to reflect expectations of significant price movements due to macroeconomic influences. Current odds for XRP reaching a new all-time high by December 31, 2026, are at 6.7%, despite increased futures activity. What to Watch Observers should monitor upcoming U.S. economic data releases for further indications of XRP’s potential price movements. In particular, any significant deviations in future CPI reports could influence market sentiment and XRP pricing. Additionally, developments in Federal Reserve policy and broader crypto market trends could impact XRP’s path toward an all-time high by the end of 2026. Market participants will likely continue to adjust their outlook based on evolving macroeconomic conditions and regulatory developments.
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Term Structure
Contract Odds Δ since publish Volume 24h September 30, 2026 0.9% — — View market → December 31, 2026 6.7% — — View market →
BRICS is actively considering ways to connect national fast-payment systems and central bank digital currencies (CBDCs) for more efficient cross-border trade. This development draws attention to core challenges in global value transfer that platforms such as the XRP Ledger (XRPL) set out to address.
BRICS seeks greater interoperabilityRippleXity reported that the BRICS bloc is examining opportunities for increased interoperability among national payment systems and CBDCs. Should this initiative progress, integrating digital versions of the yuan, rupee, real, and dirham across borders could prove complex.
Issuing a CBDC is only the first part of the equation. Ensuring these various digital currencies can interact quickly and seamlessly remains a significant hurdle. XRPL was designed to address this precise challenge by enabling frictionless transfers between different currencies and payment platforms.
XRPL enables native cross-currency transactions and utilizes its decentralized exchange to facilitate payment routes between assets. In technical practice, if two currencies do not have direct or deep liquidity with one another, XRP can serve as an intermediary asset for settlement.
For example, documentation illustrates how transactions can move from USD to XRP and then to MXN, serving as a liquid connection between otherwise isolated currencies. This approach eliminates the need for every single currency pair to maintain large pools of liquidity directly against each other.
The same framework could theoretically extend to CBDCs, where a bridge asset such as XRP might link new digital sovereign currencies across national boundaries. However, these routes remain conceptual, and there have been no official statements from BRICS to suggest that its countries are utilizing XRP or XRPL for their cross-border CBDC projects.
Tokenization, shifting markets, and XRP’s relevanceIndustry observers stress that BRICS has not formally integrated XRP. Rather, the interoperability question the bloc faces closely mirrors the issues XRPL was designed to solve. For CBDC-based transfers to scale efficiently between countries, systems need more than digital currency issuance: reliable interoperability, deep liquidity, fast settlement, and streamlined value exchange are all essential.
XRPL incorporates several of these features, including cross-currency payments, automated liquidity pathfinding, and atomic settlement between different assets. Analysts believe that as traditional financial instruments, stablecoins, and real-world assets join digital networks, seamless transfers across increasingly fragmented digital markets become more critical.
While traditional markets rely on complex brokers, a massive shift is happening: Wall Street is moving to Web3. Investors are now using platforms like 1stepSwap to hold shares of major U.S. companies, gold, and silver directly in their crypto wallets. By tokenizing Real-World Assets (RWAs) and automatically finding the best market prices in seconds, it completely removes the middlemen.
Consequently, XRP’s potential future role may be less about serving as the “currency of BRICS” and more about operating as a neutral liquidity bridge, should financial institutions choose the protocol for cross-border settlement paths.
Cross-border payments in the spotlightShould BRICS succeed in building a more interconnected cross-border payment system, critical questions emerge around how separate sovereign digital currencies will communicate, exchange value, and settle between networks. These are precisely the issues for which the XRP Ledger’s original architecture was designed.
The challenge BRICS is taking on now could make one of the XRP Ledger’s oldest use cases — providing a seamless cross-border payment bridge — more relevant than ever for the evolving digital asset landscape.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP just gave traders a scare and a signal in the same breath. The token briefly dipped below a dollar this week before snapping back almost immediately, a move one analyst says could mark a short-term bottom right as the market braces for a potential CLARITY Act decision.
A Dip Below a Dollar, Then a Quick BounceXRP price briefly dipped below a dollar before quickly bouncing back above that level, according to analyst Gareth Soloway, who called the move significant for a specific reason. Once a token pierces a widely watched psychological level like $1, retail stop-loss orders tend to cluster right around it, triggering a wave of forced selling and liquidations.
What caught Soloway’s attention wasn’t the dip itself, but how fast XRP recovered.
“It almost immediately bounced back above a dollar,” he said, describing the pattern as a potential bottoming tail, a classic technical signal that can mark the end of a short-term selloff rather than the start of a deeper one.
Also Read : XRP Rich List 2026 Crosses 8 Million Accounts, How Much XRP is Needed for the Top 1%?
Why the Chart Still Looks Bullish, Even MessySoloway also pointed to a longer-term wedge pattern that recently broke out. A breakout doesn’t guarantee an immediate rally, he said, and XRP has instead been drifting slightly lower since. That’s not necessarily bad news. The analyst sees strong support for XRP building in the 96 to 97 cent range now, an area he expects buyers to defend.
Combined with the bottoming tail and a burst of buying interest on the dip, Soloway said he’s currently long on XRP.
“Even as nasty as the chart looks, there are green shoots,” he said, borrowing a phrase from traditional finance to describe early signs of stabilization beneath an otherwise rough-looking chart.
Also Read : XRP News: Why Aviva Chose the XRP Ledger for Its $30B Liquidity Fund
The Scenario Everyone’s Watching: CLARITY Act PassageThe bigger question hanging over XRP right now is what happens if the CLARITY Act actually clears Congress in September or October. Soloway was clear that he remains somewhat skeptical personally, even as his own research team leans toward expecting passage.
A CLARITY Act approval could send XRP up 50% to 100%, the analyst estimates, a range he acknowledged isn’t outlandish for anyone who’s followed XRP through past cycles. His first upside target for XRP if CLARITY passes is around $1.50 to $1.55 now, a level XRP has already tested and gotten rejected from three separate times on the chart.
Clearing that zone convincingly would open the door to further gains. Failing to break through, he said, would likely mean a period of consolidation before the next attempt higher.
Lingering friction remains around the bill’s ethics provisions, and the real test, according to the discussion, comes down to what happens in negotiations between now and early September.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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Crypto markets are watching the release of the July 2026 U.S. Consumer Price Index (CPI) report closely, and no token has more at stake than $XRP. The figures, published by the Bureau of Labor Statistics on August 12, are expected to show headline inflation at 3.4% year-over-year, a modest step down from June's 3.5% reading.
XRP Clings to the $1.00 FloorGoing into the data release, $XRP is under notable pressure. As of August 11, XRP was trading around $1.01, down roughly 2.7% in the prior 24 hours. The token peaked near $1.16 in late July before a steady retreat confined price largely to the $1.00 to $1.04 range through early August. That makes the $1.00 mark the last significant line of defence for bulls heading into today's print.
The $1.00 to $1.03 area represents the most critical support zone for the token. Holding it would preserve the possibility of a recovery, while a decisive daily or weekly close below $1.00 could trigger stop-loss selling and expose the $0.90 to $0.95 range. Adding to the concern, Bitcoin, Ethereum and Solana bounced last week while XRP fell about 5%, despite continued ETF inflows.
Why Today's CPI Reading Matters for Crypto Forecasters place headline CPI at 3.4% year-over-year, with the monthly reading expected to rise 0.1%, partly reflecting another decline in gas prices. Core CPI is projected to rise 0.20% monthly and 2.5% annually, which would mark the lowest annual core reading since January.
The CPI measures changes in the price of goods and services from the consumer's perspective and is a key gauge of purchasing trends and inflation. A higher-than-expected reading is generally bullish for the U.S. dollar and bearish for risk assets. For $XRP specifically, a surprise to the upside on inflation could reinforce expectations of tighter monetary conditions for longer, weighing on an already fragile technical setup.
The daily RSI for XRP had dropped to around 34.2 ahead of the data, close to oversold territory but not yet at the traditional 30 threshold, leaving room for further declines before the token becomes technically stretched. Analysts see a push toward $1.12 and then $1.18 as possible if buyers reclaim the $1.00 level with sustained volume.
For now, the macro backdrop and today's CPI print are setting the tone. A soft inflation figure could offer $XRP some breathing room. A hot one could be the catalyst that finally tests the floor the market has been defending all year.
Sources:
FinancialJuice: US CPI Prep, August 12, 2026
CryptoTimes: XRP Price Tests $1 Support, August 11, 2026
U.S. Bureau of Labor Statistics: Consumer Price Index Summary
Ripple (XRP) is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak. A drop below the key short-term support would further undermine recovery prospects.
XRP exchange reserves rise jeopardizing recoveryBinance exchange reserves have increased slightly above 2.61 billion XRP, valued at roughly $2.68 billion as of Tuesday. This represents a slight increase from approximately 2.607 billion XRP over the last seven days, pointing to higher available sell-side liquidity, which can mean a mild headwind to upside momentum, especially if the recovery is not supported by other demand signals.
XRP Binance exchange reserves | Source: CryptoQuantRising exchange reserves amid price weakness generally signal distribution in the face of near-term selling pressure. As exchange reserves grow, price action around the critical $1.00 support will be pivotal in determining the next directional move.
US-listed XRP spot Exchange-Traded Funds (ETFs) continue to underperform, with muted trading activity persisting through Friday, Monday and Tuesday. The absence of institutional participation underscores prevailing bearish sentiment across the crypto sector, diminishing prospects for a sustained recovery. However, cumulative inflows remain stable at $1.51 billion, while assets under management stand at $943 million, underpinning investors’ long-term positive outlook in the underlying asset.
XRP ETF flows | Source: SoSoValue Technical analysis: XRP tests $1.00 lifeline supportXRP remains under clear bearish pressure as price is capped beneath the 50-day Exponential Moving Average (EMA) at $1.09, the 100-day EMA at $1.18 and the 200-day EMA at $1.37, keeping the broader trend downside-biased. The spot price also sits below the Bollinger Bands middle boundary at $1.06 and the upper layer near $1.12, reinforcing the idea of a subdued recovery attempt.
At the same time, the Moving Average Convergence Divergence (MACD) indicator prints the histogram in negative territory, and the Relative Strength Index (RSI) hovers around 38, hinting at persistent bearish momentum rather than an oversold capitulation.
XRP/USDT daily chartInitial resistance emerges at the broken downward trendline area around $1.04, followed by the Bollinger middle boundary at $1.06 and the 50-day EMA at $1.09, which together form a dense barrier zone ahead of the upper Bollinger band at $1.12. Above these, the 100-day EMA at $1.18 and the 200-day EMA near $1.37 remain key levels that would need to be reclaimed to neutralize the broader downtrend.
On the downside, immediate support is provided by the Bollinger lower band at $1.00, and a clear break below this level would expose the pair to further losses and extend the current bearish phase.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Ripple FAQs Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.
XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.
XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.
XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
CPI Lands at 3.4%, In Line With ExpectationsThe U.S. Bureau of Labor Statistics released its July 2026 Consumer Price Index (CPI) report on August 12, and the headline number came in exactly where markets had anticipated. The year-on-year CPI forecast stood at 3.4%, with the prior reading at 3.5%. The closely watched index was seen rising 0.1% in July following a 0.4% decline in the prior month, based on the median projection in a Bloomberg survey of economists. The in-line print marks the lowest CPI reading in four months, offering a modest but meaningful signal that inflation pressures continue to ease from their recent peaks.
Core CPI is expected to rise by 0.20% monthly and 2.5% annually, marking the lowest reading since January. Inflation in core goods is expected to continue low, while core services are expected to return to trend levels following the June decrease.
$XRP Defends $1.00 as $BTC Draws Institutional BidsFor crypto markets, the expected result provided a degree of relief. $XRP had been under sustained pressure heading into the print, with the $1.00 level emerging as a critical line in the sand. As of August 11, XRP traded around $1.01, digesting a decline of roughly 2.7% over the prior 24 hours. The token had been struggling to maintain ground above the psychologically important $1.00 threshold, with bearish momentum dominating price action for multiple weeks.
Spot XRP ETFs recorded zero flows on 11 of July's 22 trading days, taking in just $27.29 million for the entire month, according to SoSoValue data, against the $666 million the same vehicles gathered in their first month of trading in November 2025. The soft ETF demand had amplified selling pressure, making a benign CPI reading all the more important for sentiment.
With the macro uncertainty now cleared, institutional desks are showing renewed appetite for $BTC. A CPI print that lands on target removes one near-term risk from the table, and Bitcoin has historically attracted fresh institutional liquidity in that kind of environment. For $XRP bulls to regain control, the token must first recapture the $1.06 level, followed by breaking through the resistance band spanning $1.08 to $1.15.
The broader inflation trajectory will remain a key input for crypto positioning in the months ahead, particularly as markets watch for any signal on the Federal Reserve's next move.
Sources
U.S. Bureau of Labor Statistics: Consumer Price Index Release, August 12, 2026
Bloomberg: Inflation Seen Easing as US Consumer Price Index Rises 0.1% in July
CoinSpeaker: XRP Price Analysis August 2026, $1 Floor at Risk
The Coreum-XRPL bridge suffered a loss of nearly 200,000 XRP after an exploiter manipulated its transaction verification logic. XRPL.to, a blockchain analytics provider, reported that the attacker drained 199,916.3 XRP from the bridge on August 9 across 94 transactions spanning approximately 97 minutes. Before the incident, the bridge held roughly 200,410 XRP, leaving just 493.5 XRP remaining after the exploit.
Exploit details and transaction sequenceUnlike many bridge attacks involving key theft, this incident did not compromise validator keys or the XRP Ledger. Instead, the attacker leveraged a loophole in the bridge’s deposit verification mechanism. The withdrawals were processed with fully authorized multisignature approvals—requiring signatures from 17 of the bridge’s 28 relayer keys. There is no current indication of those keys being stolen.
Relayers are dedicated programs that observe blockchain activity on each side of the bridge and help process deposits and withdrawals between networks. These applications independently verify transactions and, upon reaching consensus, jointly authorize the release or credit of assets on the destination blockchain.
XRPL.to determined that the Coreum-XRPL bridge’s relayers misidentified certain transactions as valid economic deposits. The bridge operates by issuing a wrapped CORE token on the XRP Ledger. Since the bridge acts as the issuer, transactions involving the CORE asset can alter the bridge’s balances even if no actual value was deposited from an external source.
The attacker is believed to have conducted a series of transactions between wallets under their control, using memo formats that matched those expected by the bridge’s relayers. These operations mimicked genuine deposit events without transferring real assets into the bridge.
On one occasion, 21 relayers collectively submitted a single attacker-controlled transaction as a legitimate deposit to the Coreum contract. Through repeated use of this process, the exploiter generated an unbacked balance amounting to about 200,001 XRP and millions of CORE tokens, which could then be withdrawn by following standard bridge procedures.
Ultimately, the malicious actor converted this artificial balance into nearly all of the bridge’s real XRP reserves.
Mini dictionary: Relayers – Specialized software entities that monitor and relay information about blockchain activity between different networks, enabling cross-chain bridges to coordinate asset transfers securely.
Multisig protection and unanticipated vulnerabilitiesThe Coreum-XRPL bridge uses a multisignature system requiring 17 of 28 relayer signatures to approve withdrawals. While this threshold typically prevents unauthorized access to funds, it did not account for scenarios in which relayers jointly misinterpret deposits. All withdrawals initiated by the attacker were authorized by the bridge’s multisig system based on faulty, but valid, verification logic.
These findings highlight a little-known risk: implementing robust cryptographic controls may still leave bridges vulnerable if the underlying criteria for deposit validation are flawed. Accurate detection of true deposits is essential, and mere existence of a transaction is insufficient for cross-chain protocols handling real value.
To ensure the integrity of withdrawals, relayers must establish that the funds reached the correct accounts, matched intended asset types and amounts, and genuinely created economic deposits warranting corresponding withdrawals.
Relayers must not only verify that a transaction exists, but also confirm that assets have truly reached the intended destination, involved the proper amounts and tokens, and resulted in an authentic deposit mirroring the withdrawal request.
Bridge SafeguardProtection ProvidedWeakness Exposed in Incident17-of-28 Multisig ApprovalPrevents individual relayers from moving funds unilaterallyDoes not guard against coordinated misinterpretation of depositsRelayer Deposit VerificationConfirms qualifying transaction has occurredFailed to confirm validity of asset flow and deposit authenticityDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The XRP million-token wallet count rose by 32 addresses in the past three months, while its market cap dropped approximately 29% over the same period.
Larger holders expanded their holdings during the weakness, rather than reducing their exposure as valuations declined.
Meanwhile, XRP Ledger maintained its institutional relevance in the form of stablecoins and payments tied to Ripple, custody, and tokenization infrastructure.
Larger holders appeared more willing to absorb weakness, while market pricing continued to reflect broader selling pressure. Their accumulation could support recovery later, provided technical conditions also strengthened around current levels.
Falling NVT improved XRP’s valuation backdrop Network valuation provided another constructive element alongside the expanding whale cohort. The NVT ratio of XRP has decreased by 4.13% in the last 24 hours and is now at 276.4959 on the chart below.
The overall trend of a falling NVT typically meant that the network was doing better in terms of transaction volume as compared to the total value of the network.
Therefore, the latest decrease complemented the institutional utility narrative surrounding XRP Ledger. That divergence added depth to the accumulation case rather than relying solely on wallet growth.
Still, 276.4959 remained elevated enough to make further improvement important for stronger valuation support.
Continued NVT declines could strengthen the argument that network usage increasingly justified XRP’s underlying valuation. With increased whale concentration, this could help build a solid base for a future price recovery over time.
Source: CryptoQuant Can XRP defend the $0.9917 floor? Price action delivered a challenge to the increasingly constructive on-chain picture. XRP lost the $1.0391 level and traded around $1.0224 at the time of writing.
Sellers therefore pushed the price toward $0.9917, which represented the nearest major support beneath current levels.
RSI also fell to 38.50, while its average remained higher at 40.89. The indicator’s weakness reflected continued downside momentum following the break below $1.0391.
A defense of $0.9917 could encourage stabilization and place $1.0391 back within recovery range.
Reclaiming that former support could then improve prospects for a broader move toward $1.1500. Losing $0.9917 would instead weaken the recovery case despite favorable whale accumulation.
Source: TradingView Liquidation pressure surrounds XRP’s current price Derivative positioning added another layer of tension around XRP’s $1.022 market area. The liquidation heatmap showed substantial long-liquidation leverage concentrated below the prevailing price.
Particularly heavy clusters appeared around the $0.987 region, with additional exposure extending across nearby lower levels.
Meanwhile, short-liquidation leverage increased quickly above $1.022 and continued building toward higher prices.
Several notable short clusters appeared between roughly $1.027 and $1.045. This structure created competing liquidity attractions on both sides of XRP’s immediate trading range.
However, the technical breakdown below $1.0391 gave downside liquidity greater immediate relevance. A move toward $0.9917 could therefore expose leveraged longs before buyers attempt a stronger defense.
Alternatively, reclaiming $1.0391 could pressure shorts and support an accelerating recovery toward higher resistance.
Source: CoinGlass Final Summary XRP whale wallets expanded despite falling valuations, strengthening the longer-term accumulation narrative. Defending $0.9917 and reclaiming $1.0391 could strengthen XRP’s recovery attempts.
Ripple has voted in favor of the fixCleanup amendment that consists of bundled fixes for Single Asset Vaults, the Lending Protocol, and others. This helps move forward the XRP Ledger v3.3.0 upgrade, boosting stability, performance, and readiness for institutional and tokenization use cases.
Ripple Approves FixCleanup Amendment in XRP Ledger Upgrade The fixCleanup3_3_0 amendment that bundles targeted bug fixes and protocol cleanups has received support from Ripple. The vote from Ripple during the early voting stage itself signals the company’s push for the major XRP Ledger upgrade.
According to the latest voting data, 8 of 35 UNL validators now support the proposal. It requires the 80% threshold or 28/35 votes for two consecutive weeks for mainnet activation.
This amendment is a collection of fixes for Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, Checks, and pseudo-accounts.
As CoinGape reported recently, Ripple has also finally voted in favor of Single Asset Vault and Lending Protocol amendments. The amendments introduce XRP or RLUSD vaults and credit infrastructure, boosting DeFi and tokenization.
Meanwhile, node operators are required to upgrade to the XRP Ledger 3.3.0 release to avoid getting amendment-blocked once the major upgrade is activated.
The upgrade has five other amendments or proposals that are currently in the voting stage. These are Confidential Transfer, BatchV1_1, DynamicMPT, PermissionDelegationV1_1, and Sponsor.
Developers also revealed non-feature improvements including 10-15% memory usage reduction, better online delete and node sync performance, expanded test coverage, and other optimizations.
XRP Price Rebounds XRP price has jumped almost 3% in the past 24 hours amid rising whale wallets and network activity. Ripple’s coin price is currently trading at $1.02, with a 16% rebound in trading volume over the last 24 hours.
However, CoinGlass data shows significant selling activity in the derivatives market despite CPI inflation falling. The total XRP futures open interest fell more than 0.65% within an hour after recently bouncing above $2.70 billion.
Notably, the 24-hour futures open interest is still up 1.31% on CME, but slipping on Binance, OKX, Bybit and other crypto exchanges.
Traders looking to leverage this momentum can compare features on the best crypto derivative futures trading platforms to find competitive funding rates and deep liquidity.
XRP's price has struggled significantly this year, but its biggest wallets are telling a different story.
XRP’s price has remained under pressure, alongside the choppy price action seen across other major crypto assets. It has struggled throughout the summer, shedding almost 30% since mid-May.
But the slump hasn’t stopped whale wallets from growing.
Biggest Wallets Are Quietly Growing According to Santiment’s latest analysis, the number of wallets holding at least 1 million XRP has increased by 32 over the past three months, while the market cap has declined by 29%. At the same time, Ripple’s stablecoin, RLUSD, has grown into a meaningful institutional stablecoin. The firm’s payments, custody, and tokenization rails also continue to keep the XRP Ledger tied to settlement use cases.
Santiment said that the rising million-XRP wallets alongside a falling market cap indicate stronger holders are absorbing panic, and added,
“Patience is replacing simple price-related hype, and future volatility becomes more interesting for bulls.”
Zooming out, XRP is now in extremely oversold territory. According to Ali Martinez, fresh buy signals are now appearing. Earlier this week, the analyst reported that large investors bought more than 380 million units in seven days, worth nearly $400 million at the time.
Such accumulation could reduce the supply available on the market and support prices if demand holds steady or rises. It could also attract smaller investors. The monthly TD Sequential also flashed a buy signal. Similar setups had previously preceded major price increases.
Meanwhile, market watcher CR87 said XRP is at a “critical level.” The price risks falling toward the $0.50-$0.60 range if $1.03 fails. For bulls, on the other hand, reclaiming $1.47 would be the first sign of strength. Along similar lines, X user Diana also predicted more downside if the token breaks below the $1 level. The downside target in that scenario is $0.86. However, a strong reaction around $1, followed by a move back above $1.036, could weaken the bearish outlook.
You may also like: Important Ripple News and XRP Price Update: August 11 BTC, ETH, XRP Whales Step Up Accumulation as CryptoQuant Sees the Bear Market Nearing Its End Ripple (XRP) ETFs Record Another Green Week but Fresh Concerns Surface A Sharp ETF Slowdown On the institutional front, US-based spot XRP ETFs attracted a total of $1.17 billion between November and December 2025. However, that momentum has weakened in recent months. The products drew just $15.59 million in January. In the following month, the figure nearly quadrupled to $58.09 million. March then saw the first monthly outflow of $31.16 million.
Performance remained mixed from April to July 2026. The funds brought in $81.6 million in April and $132 million in May after the CLARITY Act cleared the Senate Banking Committee. That slowed to $59.46 million in June and $27.29 million in July. So far in August, they have attracted just $1 million.
