XRPL stablecoin supply has dropped sharply. According to DefiLlama data, the XRP Ledger’s total stablecoin market cap contracted 13.19% over the past week.
It now sits at roughly $999.9 million, just below the $1 billion mark. XRPL still ranks 12th globally by stablecoin supply. It holds that position ahead of Aptos in 13th place.
RLUSD, Ripple’s dollar-pegged token, remains the dominant force, carrying over 90.75% of all stablecoin value on the ledger.
What Is Driving the XRPL Stablecoin Contraction? The numbers tell a clear story. RLUSD’s market cap on XRPL dropped to around $907 million as of October 22, 2026. That marks a 14.39% decline over seven days.
Earlier in October, total stablecoins on the ledger had climbed past $1.3 billion on strong growth weeks. The pullback from that peak is significant.
This is not random. CoinGape earlier reported on Ripple’s RLUSD mint and burn activity, Ripple Treasury minted $38.6 million on Ethereum while burning $50.6 million on XRPL.
That is a net $12 million reduction in circulating supply. The pattern points to a deliberate cross-chain rebalancing.
Institutional demand appears to be pulling RLUSD liquidity toward Ethereum rails, where DeFi use cases and collateral applications are more mature.
The concentration risk on XRPL is real. With one issuer controlling over 90% of stablecoin supply, any mint or burn decision by Ripple moves the market.
Even so, RLUSD’s total circulating supply across all chains remains in the $2.35–2.4 billion range, which suggests the ecosystem itself is not shrinking, only redistributing. That distinction matters for how investors should read this data.
New Partnerships Hold the Floor as Investors Watch the Recovery Despite the contraction, XRPL’s stablecoin infrastructure is expanding. Cross River Bank recently integrated RLUSD into its core banking platform on the XRP Ledger.
That move opens RLUSD-powered settlement, cross-border transfers, and blockchain payments to a broad network of fintech firms.
Settlement-focused demand of that kind could gradually restore supply to the ledger as partner volume grows.
Ripple has also partnered with Arf to supply RLUSD-backed working capital to licensed cross-border payment firms on XRPL.
Arf plans to deploy that liquidity through XRPL’s native lending protocol once it launches. Similarly, Standard Chartered opened RLUSD institutional custody through its Dubai DIFC branch, a signal that regulated institutions see long-term value in the ledger’s payment rails.
Context also helps here. As CoinGape reported, XRPL overtook Stellar in stablecoin supply earlier this year as RLUSD gained momentum, a position it still holds today even after the weekly pullback.
The XRPL stablecoin supply figure is a live gauge of payment and DeFi activity on the ledger, so it warrants close monitoring in the weeks ahead.
Investors should watch whether supply recovers above the $1–$1.2 billion range, how Ripple’s mint and burn pattern evolves across XRPL versus Ethereum, and whether new settlement integrations translate into measurable on-chain demand.
Velcí držitelé XRP poslali na Binance XRP v hodnotě 112,4 milionu USD, což je nejvíce za posledních sedm měsíců a signalizuje vyšší prodejní tlak. Přílivy se však nedávno vrátily na běžnější úrovně.
XRP whales sent $112.4 million to Binance, the highest inflow level in seven months, according to crypto analysts. The move signals rising selling pressure from large holders.
However, fresh data suggests the heaviest selling may already be easing, and traders are watching key price levels.
🗞️ XRP Whale Inflows to Binance hit $112.4M, a 7-month high
ripple:native whale activity has intensified in recent weeks, with selling pressure rising sharply. Here, we define whales as transactions exceeding 1 million XRP, which allows us to attribute them to this specific… pic.twitter.com/FsLRe63FTp
— Darkfost (@Darkfost_Coc) October 22, 2026 What XRP Whale Inflows Reveal About Selling PressureWhale inflows track large transfers from major holders to exchanges, usually before a potential sale. In this case, crypto analyst Darkfost counts transactions above 1 million XRP.
These flows matter because holders can sell tokens on an exchange within minutes. Therefore, rising inflows often precede short-term price weakness.
The surge coincides with XRP’s rebound of more than 30% since August. As a result, many large holders appear to have used the rally to lock in profits.
Monthly average inflows also rose by about $72 million, while the previous three months averaged roughly $90 million. In addition, daily spikes topped $400 million at times.
However, recent data shows inflows returning to more normal levels. That suggests the heaviest selling pressure may have eased, at least for now.
At the time of writing, XRP trades near $1.33, according to BeInCrypto data. Its 24-hour range sits between $1.32 and $1.40, while its market cap stands near $84 billion.
XRP Price Performance. Source: BeInCryptoCan XRP Break Above $1.40 or Fall Toward $1.26?Technical analysts remain divided. CryptoBusy notes that XRP is testing a major descending resistance trendline on the four-hour chart. The token recently climbed from $1.26 toward $1.40.
A confirmed breakout above the $1.38 to $1.40 zone could open a path toward $1.45 and $1.50. However, failing to hold $1.33 could send XRP back toward $1.30 or even $1.26.
$XRP is testing a major descending resistance trendline on the 4H chart after recovering from $1.26 toward $1.40.
Price briefly broke above the trendline but faced selling pressure, pulling back toward $1.34.
A confirmed breakout above $1.38-$1.40 could open the door toward… pic.twitter.com/ApW8aoQB1b
— CryptoBusy (@CryptoBusy) October 22, 2026 Meanwhile, EGRAG Crypto offered a more cautious view. His chart sketch raises the possibility of a dip toward $1.18 before a push to $1.63 and $1.80. He also stressed that this remains a hunch until price action confirms it.
On the bullish side, Ali Martiez set an immediate target of $1.55 if key levels hold. For now, the $1.33 level acts as the line between a recovery and a deeper pullback. Traders may want confirmation before acting on either scenario.
Still, large holders can move markets quickly, so exchange inflows remain a key signal to watch.
XRP’s 365-day Market Value to Realized Value (MVRV) has dropped to 0.92, marking its lowest level in over a year and placing most recent buyers firmly in negative territory. According to data from Santiment Intelligence, Dogecoin (DOGE) is the only other major altcoin with a similar pattern, showing a near-term MVRV score of 0.74. These subdued readings indicate minimal profit-taking incentive, as the majority of holders are currently experiencing unrealized losses.
XRP approaches critical demand zoneThe latest market behavior suggests a low-risk demand area has formed around XRP’s present support levels. Such depressed MVRV ratios typically highlight zones where selling pressure is tapering off and may identify price areas favorable for accumulation. Technical analysts often view ultra-low MVRV scores as signs of capitulation, signaling that sellers are exhausted and buyers could soon step in.
When MVRV is elevated, however, new buyers take on additional risk, as recent entrants are more likely to hold unrealized gains, fueling possible sell-offs. In comparison, BTC, ETH, and LINK reveal neutral MVRV readings ranging from 0.97 to 1.04, which places their holders near break-even and reflects scant evidence of extreme greed or panic in those markets.
It is important to note that a low MVRV score does not guarantee a price rebound. The situation remains contingent on increased activity from both institutional ‘whale’ investors and retail participants buying at local bottoms. Without robust inflows, the technical setup alone may not trigger sustained upward momentum.
Technical chart and derivatives market insightsXRP’s short-term outlook is shaped by technical signals on its price chart. The currency’s mid-tier Bollinger Band currently sits at $1.3822, providing a reference for potential bullish confirmation if prices push higher. Reaching this zone could set up a rally toward the upper Bollinger Band near $1.5255. On the downside, the lower band at $1.2418 highlights a key leveraged support level.
The derivatives market adds further context, with recent data revealing a 26% surge in trading volume. However, most liquidations have targeted long positions, and short-sellers outnumber bulls with a long-to-short ratio of 0.8345. Despite this, the funding rate on open interest (OI) has turned positive, indicating that traders holding short positions are paying a premium to maintain those bets as the price has shown upward movement.
Following a round of long position liquidations, open interest slipped slightly but remains strong, with total value approaching $3 billion. This matches aggregate spot and futures trading volumes, underscoring ongoing demand for XRP despite recent volatility and uneven sentiment in the broader cryptocurrency space.
XRP’s latest MVRV readings reveal that most recent buyers are still underwater, suggesting a diminished incentive for profit-taking at current levels and positioning XRP among the major altcoins with the lowest realized returns.
Market context and investor strategiesAcross multiple time frames, larger digital asset investors continue to show a selling bias, which may weigh on short-term price action. Nonetheless, yearly MVRV scores can be useful to monitor, as they often reveal market dynamics and sentiment shifts that traders might overlook or misinterpret as simple weakness.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, monitoring indicators such as MVRV, Bollinger Bands, and open interest has grown in importance. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen. By bringing these resources together, investors hope to navigate shifting market conditions more efficiently and avoid unnecessary losses stemming from fragmented information.
Ripple a Arf nabídnou licencovaným platebním společnostem krátkodobé financování v tokenu RLUSD na platformě XRP Ledger pro přeshraniční platby, obvykle se splatností od jednoho do pěti dnů.
Ripple, a blockchain payment solution, has partnered with Swiss-regulated payment platform Arf to bring RLUSD-powered funding to the XRP Ledger (XRPL). The partnership will help licensed payment companies access short-term funds for cross-border payments without keeping large amounts of money in accounts across different countries.
Arf and Ripple Join to Speed Up Cross-Border PaymentsIn a press release on October 22, 2026, Arf and Ripple announced a partnership to help payment companies access money when and where they need it.
Cross-border payments move trillions of dollars each year, but payment companies often need working capital available in different countries before transactions are completed. Traditional bank credit lines can take months to establish and may require significant collateral.
This creates a problem for companies that need funds available in the right market at the right time. Through the partnership, Arf and Ripple aim to address this gap using RLUSD and the XRP Ledger’s settlement network.
Jasmine Cooper, Head of Product for RippleX at Ripple, said that “Settlement liquidity is exactly the kind of use case XRPL and RLUSD are built to support.”
Settlement liquidity is exactly the kind of use case @XRP Ledger and RLUSD are built to support.@Arf_One is bringing its approach to settlement liquidity to the XRP Ledger, using RLUSD to support short-term working capital for licensed payment companies as cross-border payments… https://t.co/h4XdEzA3IF
— Ripple (@Ripple) October 22, 2026 Under the first phase, Arf will provide short-term funding in Ripple USD (RLUSD) on the XRP Ledger. Licensed payment companies can use these funds to send money across borders and repay them once payments are complete, usually within one to five days.
Arf Brings $10B in Annual Settlements to XRPLArf payments platform has scaled to around $10 billion in annual global settlement volume since launching in November 2022. Its capital turns over about four times a month, allowing funds to support repeated payment flows rather than sit idle.
Ali Erhat Nalbant, Arf’s co-founder and CEO, said the partnership would bring stablecoin working capital to the XRP Ledger.
“We’re bringing stablecoin working capital to the XRP Ledger to help payment companies bridge that gap and support more payment volume.”
Arf Plans to Use XRPL’s Native Lending InfrastructureThe partnership could expand once the XRP Ledger’s native lending infrastructure becomes available. Arf plans to use the proposed Single Asset Vaults to pool capital and the Lending Protocol to support structured loans on-chain.
Arf would continue managing underwriting and working capital decisions off-chain, while the blockchain handles the lending infrastructure.
However, the proposed features must pass XRPL’s amendment process before they can launch on the main network.
Story Ends Here
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Počet peněženek XRP Ledger s nenulovým zůstatkem dosáhl rekordních 8,24 milionu. Santiment při ceně XRP kolem 1,36 USD zaznamenal vznik 4 772 nových peněženek denně.
As volatility continues in the cryptocurrency market, data from the XRP Ledger network has caught the attention of investors. On-chain analytics platform Santiment reported that the number of wallets on the XRP network has reached an all-time high, with a significant increase in new user participation.
According to data shared by Santiment, the number of wallets with a balance greater than zero on the XRP Ledger network has reached a new all-time high of 8.24 million. It was noted that this steady increase in wallet numbers continues despite the fluctuations in the XRP price in recent months.
The acceleration of network growth during the period when XRP was trading at approximately $1.36 was also noteworthy. According to Santiment data, 4,772 new wallets were created in a single day. This figure marks the fifth largest daily increase recorded since March.
Analysts believe the acceleration in new wallet creation activity could signal a renewed surge in interest in the XRP ecosystem. However, Santiment stated that for growth on the network to support bullish expectations, price movements must also confirm this trend.
XRP Price at $1.40 Critical: Two Different Scenarios Santiment stated that the first important level to watch for the XRP price in the short term is $1.40.
According to the platform, a rapid return to the $1.50 level could become possible if XRP maintains a sustained move above $1.40 and the number of new daily wallets remains around or above 4,000.
However, in a negative scenario, if XRP loses the $1.30 support level and daily new wallet creation falls below approximately 3,000, it could indicate that the positive signals from increased adoption on the network are weakening in the short term.
*This is not investment advice.
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Hodnota tokenizovaných aktiv na XRP Ledger dosáhla ve 2. čtvrtletí 2026 v průměru 3,72 miliardy USD, což představuje více než třicetinásobný meziroční nárůst. Průměrný zůstatek RLUSD vzrostl o 642 % na 539 milionů USD.
The XRP Ledger now handles close to 3 million transactions per day and holds about 8.2 million accounts. It is also being used more for stablecoins, trading and tokenized assets.
The mix of activity is changing. The network processed 222.4 million transactions in Q2 2026, its second-highest quarter on record. Yet daily active accounts fell.
At the same time, order-book trading rose 79% year over year in Q2. The average value of tokenized assets on the network reached about $3.72 billion, and adding RLUSD lifted that to about $4.26 billion.
This article reviews the main XRP Ledger statistics for 2026 using data from Blockworks, Evernorth, DefiLlama, Bitquery and others. Providers measure activity in different ways, so we explain how each figure is counted.
XRP Ledger Statistics at a Glance Table of Contents
The table below collects the main figures for 2026. The source is listed for each one.
Metric Figure Source Total accounts About 8.2 million XRPL analytics New accounts, first half of 2026 About 490,000 XRPL analytics Q1 2026 transactions About 238 million (record) Blockworks Q2 2026 transactions 222.4 million Evernorth Current daily transactions About 2.9 million DefiLlama Payment share of Q1 transactions 51.3% Blockworks Q2 DEX volume per day 4.42 million XRP Evernorth Order-book volume growth, Q2 +79% year over year Evernorth Stablecoin market cap Above $1.1 billion DefiLlama Average RLUSD balance, Q2 $539 million Evernorth Average tokenized assets, Q2 $3.72 billion Evernorth Transactions since launch About 5.06 billion Bitquery XRP burned through fees About 14.4 million XRPL Dashboard There is no single accepted definition of an active account, a DEX trade or a tokenized asset. That is why figures from different providers can look far apart.
How Many XRP Ledger Accounts Are There? Current XRPL analytics put the number of accounts at about 8.2 million. At the end of Q3 2025, the total was about 6.9 million. The count grew 6.1% in that quarter alone.
Growth continued in 2026. About 490,000 new addresses were added in the first half of the year. XRP Ledger Dashboard recently recorded more than 22,000 account creations over a seven-day period.
Figure 1: XRPL accounts rose from about 6.9 million at the end of Q3 2025 to about 8.2 million. Account counts are not user counts. One person can control several addresses.
The reverse also happens. A single exchange address can serve thousands or millions of customers. XRPL supports destination tags, which let custodians identify each customer deposit without creating a new address for every user.
Account creation requires XRP An XRPL account must hold a base reserve before it is fully active. The reserve fell from 10 XRP to 1 XRP in December 2024.
Because each account needs some XRP, creating huge numbers of accounts carries a cost. That makes raw account creation harder to spam than on networks where addresses are free. The lower reserve did make accounts cheaper to create than in past years.
How Many People Use the XRP Ledger Each Day? This is harder to answer than it looks. DefiLlama reports about 39,000 active XRPL addresses in 24 hours, along with about 2,800 new addresses. A late-September snapshot showed more than 45,000 active addresses and 3,129 new ones in a single day.
Evernorth’s Q2 analysis found a lower average of 16,587 daily transacting accounts. Blockworks reported a similar figure of about 16,800.
Figure 2: Daily active account counts range from about 16,600 to 45,000 depending on the provider. Why the gap? Providers define activity differently. Evernorth’s measure focuses on addresses that start transactions, while broader datasets can include other kinds of ledger activity.
Provider Measure Figure DefiLlama Active addresses, 24 hours About 39,000 DefiLlama Active addresses, late-September snapshot More than 45,000 Evernorth Daily transacting accounts, Q2 average 16,587 Blockworks Daily active addresses, Q2 average About 16,800 The safe takeaway is not that XRPL has exactly 16,000 or 40,000 daily users. Address-based statistics do not translate directly into unique people.
Active accounts fell in Q2 2026 Even with strong transaction counts, daily participation weakened in Q2. Evernorth’s 16,587 transacting accounts per day was down about 24% to 25% from a year earlier. New accounts averaged 2,783 per day, also down about 25%.
Blockworks’ broader data showed a similar picture. Daily active addresses of about 16,800 were down 10.7% from Q1 and 24.5% year over year.
This sets up one of the main trends of 2026. Transaction counts and asset values stayed high while active-address measures fell.
XRP Ledger Transaction Statistics XRPL processed about 222.4 million transactions in Q2 2026. That was its second-highest quarterly total on record. Q1 2026 set the record at about 238 million, so Q2 fell about 6.5% from the prior quarter.
Q2 averaged about 2.44 million transactions per day. DefiLlama recently recorded around 2.9 million in a 24-hour period.
Figure 3: Average daily transactions rose from 1.83 million in Q4 2025 to about 2.9 million in the latest 24-hour reading. Q1 transactions jumped 35% The rise began earlier in the year. Blockworks reported that average daily transactions grew from 1.83 million in Q4 2025 to 2.48 million in Q1 2026. That is growth of 35.3% quarter over quarter.
Activity eased a little in Q2, but throughput stayed well above many earlier periods.
Period Measure Figure Q4 2025 Average per day 1.83 million Q1 2026 Total About 238 million Q1 2026 Average per day 2.48 million Q2 2026 Total 222.4 million Q2 2026 Average per day About 2.44 million Latest 24 hours Total About 2.9 million More than 5 billion transactions since launch Bitquery analyzed the full ledger through September 2026 and counted about 5.06 billion transactions. Few public blockchains have handled that volume over so long a period.
The same research carries a warning. In August 2026, just 793 accounts generated about 93% of transaction traffic.
That points to automated services, market-making bots and other machine activity. A high transaction count does not mean millions of people use XRPL by hand each day.
Payments and Fees on the XRP Ledger XRP was built mainly for moving value, and payments remain the largest transaction type. In Q1 2026, payments made up 51.3% of all transactions.
OfferCreate transactions place orders on the built-in decentralized exchange. They made up another 33.7%. Together the two types were about 85% of network activity.
Figure 4: Payments and OfferCreate orders made up about 85% of XRPL transactions in Q1 2026. Payments had passed OfferCreate for eight straight quarters by Q1. Before 2024, OfferCreate was often the largest category.
What counts as an XRPL payment? A Payment transaction does more than send XRP. It can move XRP, RLUSD, other stablecoins, issued currencies and tokenized assets.
XRPL also supports payment paths that can swap one asset for another along the way. A sender can hold one currency while the recipient receives another. This has been part of the ledger’s focus on payments and foreign-exchange settlement.
Transaction fees are very low The base transaction fee is 10 drops. One XRP contains one million drops, so the fee is a tiny fraction of an XRP. Network dashboards still show the 10-drop base fee.
Fees are not paid to validators. The XRP used for fees is permanently destroyed, and about 14.4 million XRP has been burned since the ledger began.
Against a maximum supply of 100 billion XRP, that burn is small. Its main job is to discourage spam, not to shrink supply quickly.
XRPL Decentralized Exchange Statistics Unlike many blockchains, XRPL does not need a separate smart contract app to run an exchange. A central-limit order-book DEX is built into the protocol. Users can offer to trade XRP for tokens, tokens for XRP or one token for another.
XRPL later added automated market makers, or AMMs, through XLS-30. Order books and liquidity pools now work side by side.
DEX volume averaged 4.42 million XRP per day Total DEX trading in Q2 2026 averaged about 4.42 million XRP per day. That is about 20% higher than Q2 2025 and about 16% below Q1 2026.
In dollar terms, Blockworks-based data put Q2 DEX volume at about $482.9 million. DefiLlama shows about $3.7 million over 24 hours and about $36 million over seven days. Daily volume moves with XRP prices and market conditions.
Order-book volume rose 79% Order-book trading averaged 3.57 million XRP per day in Q2, up from about 1.99 million a year earlier. That is growth of about 79%.
Order books made up 81% of XRPL DEX trading in Q2, compared with 54% a year before. AMMs therefore held a smaller share of volume, though they remain an important part of the network.
Figure 5: Order-book volume rose from 1.99 million to 3.57 million XRP per day year over year. Fewer traders are moving more XRP Trading became more concentrated. The number of accounts placing order-book trades each day fell from 1,864 to about 1,111, a drop of around 40%.
Average activity per account rose from about 1,072 XRP to 3,217 XRP per day. The typical active account moved roughly three times as much XRP.
Figure 6: Daily order-book accounts fell while average XRP traded per account nearly tripled. Order-book measure Q2 2025 Q2 2026 Volume per day 1.99 million XRP 3.57 million XRP Share of DEX volume 54% 81% Accounts trading per day 1,864 1,111 XRP traded per account per day 1,072 3,217 This fits with more activity from professional traders, market makers or institutions. But addresses do not reveal their owners, so the data alone cannot show that institutions replaced retail traders.
AMM pools and token listings XRPL.to indexes more than 30,000 AMM pools. It shows about 25 million XRP of liquidity in the pools covered by its trading statistics.
Many pools hold little liquidity or trade rarely, and a small pool is easy to create. The pool count should not be read as 30,000 real markets.
The same site lists about 20,000 tokens. Its tracked token market has recently shown 4 to 5 million XRP in daily volume, more than 120,000 daily trades and more than 7,000 unique daily traders, depending on the period measured.
As on other blockchains, many tokens have little liquidity. The number of listed tokens is not the number of projects with real economic use.
Stablecoin and RLUSD Statistics on XRPL Stablecoins may be the most important new form of activity on the ledger. DefiLlama estimates XRPL’s stablecoin market cap at about $1.11 billion. RLUSD makes up about 92% of that total.
Other stablecoins on XRPL include USDC, EURCV, USDB, BBRL, EUROP and AUDD. The network was designed to let issued currencies move alongside XRP, which suits stablecoins.
RLUSD balances rose more than 600% Ripple’s dollar-backed RLUSD is now the main stablecoin on the ledger. In Q2 2026, average RLUSD balances on XRPL reached about $539 million. A year earlier they were about $73 million, a rise of roughly 642%.
XRPL’s share of total RLUSD circulation grew from 20% to 34%. The value moved using RLUSD rose about 925% year over year.
Figure 7: Average RLUSD balances on XRPL rose from $73 million to $539 million in a year. RLUSD measure Q2 2025 Q2 2026 Average balance on XRPL $73 million $539 million Share of total RLUSD circulation 20% 34% Value transferred Baseline Up about 925% Stablecoin supply kept growing after Q2. That is why XRPL’s total stablecoin market cap now sits above $1 billion.
The other growth area is real-world asset tokenization. XRPL lets issuers put financial assets directly on the ledger without conventional smart contracts. The ledger supports fungible tokens, multi-purpose tokens, stablecoins, tokenized funds, bonds, Treasury products and other real-world assets.
Issued assets can also trade through the native DEX and AMM.
Tokenized assets averaged $3.72 billion in Q2 Evernorth calculated that tokenized assets on XRPL averaged about $3.72 billion in Q2 2026. That was more than double the Q1 level and more than 30 times the level a year earlier.
Adding average RLUSD balances of about $539 million brings the average network value to $4.26 billion. Six quarters earlier, the same measure was only $99 million.
Figure 8: Tokenization totals range from $21 million to $4.26 billion depending on the definition. Why tokenization numbers differ Tokenization figures change a lot with the method. One tracker reported about $4.10 billion of real-world assets on XRPL at the end of September 2026, but only about $499 million was classed as distributed. DefiLlama uses a narrower active RWA AUM definition and reports about $21 million.
These figures do not necessarily conflict. One may count the total value of tokenized products, while another counts only assets actively issued, distributed or used in DeFi. It is worth checking what any AUM figure measures.
Measure Source Value Average tokenized assets, Q2 2026 Evernorth $3.72 billion Average network value with RLUSD, Q2 2026 Evernorth $4.26 billion Real-world assets represented, end of September Tracker data $4.10 billion Real-world assets classed as distributed Tracker data $499 million DeFi TVL DefiLlama About $40 million Active RWA AUM DefiLlama About $21 million Tokenized Treasuries and institutional controls In Q2 2026, part of a tokenized U.S. Treasury fund was redeemed with the asset leg settling on XRPL in under five seconds. XRPL’s tokenization documentation names Ondo Finance, Société Générale, Ripple and Vert among firms using or building asset infrastructure on the network.
Compliance is a barrier for institutions, since a regulated firm cannot trade with any anonymous wallet. XRPL development has focused on credentials, permissioned domains, permissioned markets, multi-purpose tokens and issuer controls.
These tools let institutions limit access to approved participants while still settling on a blockchain. That is a different target market from fully permissionless DeFi.
Low DeFi TVL does not tell the whole story DefiLlama reports about $40 million in DeFi TVL on XRPL. That is small next to Ethereum or Solana, and it looks at odds with billions in tokenized assets.
The gap is one of definition. A tokenized Treasury issued or settled on XRPL does not necessarily sit inside a lending protocol or liquidity pool. TVL captures only one slice of the network’s economic activity.
More Value, Fewer Participants The clearest theme in the 2026 data is a split between participation and economic activity. In Q2, daily transacting accounts fell about 24% year over year. New accounts fell about 25% and daily order-book traders fell about 40%.
Over the same period, order-book volume rose 79% and total DEX volume rose about 20%. Tokenized asset value rose more than 30 times, RLUSD balances rose more than 600% and RLUSD transfer value rose more than 900%.
Figure 9: In Q2 2026, participation measures fell while stablecoin and trading value measures rose. This does not prove institutional adoption. It does show that the value tied to the active parts of the network is growing much faster than the number of accounts using them.
The Bottom Line The XRP Ledger handles more activity than its small DeFi footprint suggests. It has about 8.2 million accounts and processes roughly 2 to 3 million transactions per day. Q1 2026 set a record at about 238 million, and Q2 followed with 222.4 million.
Payments remain central at 51.3% of Q1 transactions, with DEX orders adding 33.7%. DEX volume is growing even though fewer accounts trade. Q2 volume averaged 4.42 million XRP per day, with order-book trading up 79% and daily order-book traders down about 40%.
The larger change is in stablecoins and tokenization. Average RLUSD balances reached $539 million in Q2, more than six times a year earlier, while tokenized assets averaged about $3.72 billion. Together that put average value on the network near $4.26 billion.
The 2026 story is less about account growth and more about what moves across those accounts. Whether institutional and tokenization use can lead to broader user growth is a key measure to watch.
Sources Blockworks Research: State of XRP Q1 2026. Network transaction totals, transaction-type mix, payments and active accounts. Blockworks Intel: XRP Ledger Analytics. Current transaction, account, stablecoin and DEX analytics. CoinDesk: XRP Ledger Has Fewer Active Accounts but Bigger Trades and More Value. Evernorth Q2 2026 data on order-book activity, accounts, tokenization and RLUSD. DefiLlama: XRP Ledger. Current transactions, active addresses, stablecoin supply, RWA AUM, DeFi TVL and DEX activity. XRPL.org: Decentralized Exchange. Official documentation on the native order-book DEX. XRPL.org: Automated Market Makers. Official documentation on XLS-30 AMMs, liquidity pools and LP tokens. XRPL.org: Real-World Asset Tokenization. Official documentation on tokenized financial assets and institutional use cases. XRPL.org: Stablecoin Issuer. Official information on issuing and trading stablecoins on XRPL. XRPL.to: Token Market Analytics. Live data on token trading, AMMs, traders and liquidity. XRPL.to: On-Chain Analytics. Token counts, AMM pools, trading activity and ledger analytics. Bitquery: XRP Ledger Adoption Audit. Full-ledger study of more than 5 billion transactions and traffic concentration. XRPL Dashboard: Live Ledger Statistics. Account creation, XRP burn, escrow and ledger statistics.
Uphold listed Evernorth stock on Oct. 20, letting eligible U.S. investors trade shares of the XRP treasury company.
Evernorth started trading on Nasdaq on Oct. 12 after merging with Armada Acquisition Corp. II.
The company held about 473 million XRP and raised about $300 million in gross cash proceeds at closing.
Ripple, Kraken, Coinbase, and BitGo were named as initial partners for its treasury strategies.
Uphold’s equities service offers fractional investments starting at $5.
Uphold has added Evernorth Holdings Inc. stock to its platform, giving eligible U.S. investors a new way to gain exposure to XRP. The digital asset trading platform announced the listing on Oct. 20 in a post on X.
Evernorth is a public company that accumulates and manages XRP. It entered public markets holding approximately 473 million XRP tokens.
Buying Evernorth shares is different from owning XRP directly. Shareholders own part of a business, while direct XRP holders own tokens they can move to a personal wallet.
The value of an Evernorth investment depends on more than the price of XRP. It also reflects the company’s financing decisions, operating performance, and treasury management.
New stock listing: $XRPN@Evernorthxrp (XRPN), the public stock backed by a corporate XRP treasury, is now available to trade on Uphold.
Check it out in the Uphold app 📲
Securities are offered via Uphold Securities Inc. in a fractional capacity and custodied by Apex Clearing… pic.twitter.com/XR7Z5tbFRb
— Uphold (@UpholdInc) October 20, 2026
Evernorth’s Path to Nasdaq
Evernorth began trading on Nasdaq on Oct. 12 after combining with Armada Acquisition Corp. II. Armada was a special purpose acquisition company, a business formed to take another company public through a merger.
Armada shareholders approved the deal on Sept. 30. An administrative delay later pushed the transaction past its original schedule.
The first plan called for an Oct. 7 closing and an Oct. 8 trading start. The revised timeline moved the closing to Oct. 9 and the first trading day to Oct. 12.
When the merger closed, Evernorth held approximately 473 million XRP. It had also raised approximately $300 million in gross cash proceeds before transaction expenses.
Backers included Arrington Capital, Pantera Capital, SBI Group, Ripple, Kraken, and GSR. SBI Group is a Japanese financial services company, while GSR is a cryptocurrency trading firm and liquidity provider.
How Evernorth Plans to Use Its XRP
On Oct. 14, Evernorth named Ripple, Kraken, Coinbase, and BitGo as initial execution partners for institutional treasury strategies. The company said deployment was planned to begin in the fourth quarter.
These partnership agreements still depend on customary closing conditions. They also require regulatory and corporate approvals.
Evernorth aims to increase its XRP per share, which measures how much XRP the company holds compared to its outstanding shares. It plans to do this by buying more XRP and earning returns on its current holdings.
Early activities would involve established financial and cryptocurrency firms. Evernorth’s investment and risk team would oversee this work.
A later phase would put capital into decentralized finance applications, which use blockchain-based programs for lending and trading. Evernorth plans to launch these strategies on the XRP Ledger once validators, the servers that verify transactions, activate native lending features and they are proven on the live network.
Uphold’s U.S. equities service requires separate onboarding from its crypto platform. It offers more than 4,000 U.S. stocks and exchange-traded funds, with fractional investments starting at $5.
Users can buy shares with cash or with cryptocurrency converted into dollars. Uphold Securities Inc., a registered broker-dealer, offers the securities, while Apex Clearing Corp. holds them and settles trades.
David Schwartz, Ripple’s Chief Technology Officer, recently drew attention to the Fuzzy Cards project by posting a photo on X of himself opening physical Fuzzy Cards booster packs at home. He publicly expressed his gratitude to the sender and cited the project’s official account in his post.
Schwartz’s engagement spotlights XRP-based card gameFor many in the cryptocurrency community, Schwartz’s gesture was seen as a sign of top-level interest in Fuzzy Cards, a physical trading card game linked to the XRP Ledger. Until this moment, the game had remained under the radar for a sizable number of XRP market participants.
Earlier in May, Schwartz opened a trustline to FUZZY, the meme token powering the project’s game ecosystem. The unboxing photo came just before the Ripple Swell 2026 conference in New York, where XRP supporters are planning a parallel gathering called FuzzyCon dedicated to the card game and its community.
Origins and development of Fuzzy CardsFuzzy Cards traces its story back to a historical event on January 1, 2014, when the FuzzyBear wallet listed an order on the XRP Ledger’s decentralized exchange to swap 1 XRP for 1 BTC. This trade went unfilled, but the anecdote later inspired the creation of FUZZY, launched as a meme token in early 2025. FUZZY had attracted more than 11,500 holders by October 2026.
The project is published by XPUNKS GmbH, a Zug-based Swiss firm led by Kai Leroy, which became the first to introduce a trading card game within the XRP Ledger ecosystem. The debut set offers 150 unique cards grouped into five in-game factions and split between Heroes, Relics, and Events. Of these, around 60 cards are released in special holographic editions.
Mini dictionary: XPUNKS GmbH — A Swiss company specializing in developing NFT and trading card projects on the XRP Ledger, known for its flagship NFT collection and pioneering hybrid Web3 products.
Distribution relies on a hybrid process where users purchase digital packs as NFTs compliant with the XLS-20 protocol. Players then burn these digital packs through a dedicated portal. After each burn is confirmed on the blockchain, the system delivers a sealed physical booster pack containing five randomly drawn cards. These cards are suitable for professional grading by CGC, PCA, and TAG.
AspectFuzzy Cards ProjectTraditional Trading CardsDistribution MethodHybrid (NFT burn-to-physical delivery)Physical sales onlyBlockchain IntegrationXRP Ledger (XLS-20 standard)Not applicableCard Set Size150 unique cardsVariesGrading SupportCGC, PCA, TAGMajor card grading companiesMarket adoption and outlookSo far, collectors and players have burned roughly 100,000 Fuzzy Cards booster packs. XPUNKS GmbH’s founder Kai Leroy assessed that this hybrid mint-and-burn mechanic is gaining traction as part of a broader trend in hybrid Web3 projects, where demand appears to be shifting toward assets with tangible value during the current market upswing.
“A 150-card set can generate trillions of combinations, which helps insulate the sector from rapid speculative launches,” project insiders emphasized, pointing to the challenge of balancing game mechanics with long production timelines.
The difficulty of replicating Fuzzy Cards on short notice is mainly attributed to the intricate balance required for gameplay and the extended timeframes needed for physical production.
Despite ongoing development, FUZZY remains a volatile meme asset, with its market price closely following the broader XRP trend. Meanwhile, efforts to expand retail access through partnerships with local board game stores are still in an early rollout phase, with commissions offered as incentives to partners.
While market activity around $FUZZY grows, most dealers and traders are just beginning to notice the game’s adoption in physical and digital spaces.
Držitelé XRP už kvůli nové vlně podvodů přišli o miliony XRP. Zakladatel společnosti Xaman Wietse Wind upozornil, že denně vzniká více než 20 falešných účtů a 10 podvodných webů napodobujících Xaman.
XRP holders are facing a surge of targeted scams that have already resulted in multi-million XRP losses across the community, according to analyst Zach Rector. Reflecting growing concern within the ecosystem, Rector has publicly called for heightened vigilance from both new and seasoned XRP investors.
Scam operations targeting XRP users are now running on two fronts. On one side, cybercriminals are creating new social media accounts that closely resemble verified gold badge profiles, posing as Xaman, Ripple, and high-profile community members. These impersonations often seek to gain trust by presenting a familiar identity before directing users to malicious links or fraudulent schemes.
In parallel, scammers have managed to compromise genuine gold badge accounts. These verified accounts, after being obtained through illicit means, are resold on underground markets for prices ranging from $1,200 to $2,000. They are subsequently used to share phishing links designed to deceive followers and drain their cryptocurrency holdings.
Xaman Wallet founder Wietse Wind explained that more than 20 fake X accounts and 10 fraudulent websites impersonate Xaman each day, promoting a false desktop app and a non-existent XRP airdrop. Wind emphasized that no “Xaman” token exists and none will be created, following the promotion of a fake “XMN” token by a compromised verified account.
These methods have greatly amplified the threat landscape for XRP holders, making it increasingly difficult to distinguish genuine updates from fraudulent communications.
Mini dictionary: Xaman, a widely used XRP wallet platform, allows users to safely store and manage their XRP and other tokens on the XRP Ledger. Xaman is known for its commitment to security and user privacy, but it does not have any official desktop app or token.
Scam TypeMethodImpersonated EntityFake accountsNew profile creationXaman, Ripple, community leadersCompromised verified accountsHacked, resold, used for scamsGold badge holdersFake Ripple posts, cloned sites, and influencer impersonationsA fraudulent Ripple profile recently promoted an “XRP Holder Tiers” campaign, luring users to a counterfeit website with promises of exclusive XRP badges. BankXRP, a popular news aggregator in the XRP space, stated that Ripple has never issued such an announcement. The platform reiterated that neither Ripple nor the XRP Ledger ask holders to register for badges or special benefits.
Additionally, websites visually mimicking xaman.app have emerged. These sites both replicate Xaman’s branding and feature counterfeit governance vote badges and wallet connection options, which are designed to empty connected wallets. Impersonators have also targeted Ripple CTO David Schwartz and CEO Brad Garlinghouse, with fake accounts proliferating on platforms such as Instagram and Telegram.
Zach Rector warned that no legitimate party will ever contact XRP holders on social media, email, or other channels offering unsolicited help or requesting sensitive information.
As part of an effort to curb damages and protect users, Rector has launched a free “Crypto Basics” course. The initial lesson covers best practices for securing digital assets and is freely available through a Patreon membership. Rector expressed disappointment over the scale of the attacks, indicating that losses already amount to millions of XRP within the community.
He highlighted the evolving nature of scam tactics, stressing the importance of ongoing education for both newcomers and veteran XRP holders. According to Rector, any unsolicited contact regarding XRP should be regarded as a likely scam attempt and treated with caution.
XRP Ledger zaznamenal 25,7 tisíce aktivních účtů, což představuje mezidenní nárůst o 12 %, přičemž vzniklo jen 4,5 tisíce nových účtů. Aktivita tak zřejmě pochází hlavně z reaktivovaných peněženek.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP Ledger is showing a sharp rise in activity. Data from XRPScan indicates 25.7K active accounts on October 21, up approximately 12% in a single day. The 30-day average is 18.6K, so this is a clear jump above normal levels.
Are They Really New Users?Only 4.5K new accounts were created, a 35.6% increase. That means most of the 25,000 active accounts already existed. Many are probably older wallets that have become active again. The jump looks more like returning users than a flood of newcomers. Still, a rise in both new and returning accounts is a healthy signal for the network.
Source: XRP Ledger Other numbers support the picture. Transactions rose 55.9% to 3.5M, and successful transactions grew 67.8% to 2.9M. Transactions per ledger climbed 61.5% to 179.34, which indicates the ledger is handling more load. XRP burned as fees went up 20% to 747.6 XRP. More activity means more fees are destroyed, which slightly reduces supply.
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Not every metric is positive. Payments fell 4.4% to 741.9K, and payment volume dropped 49.6% to 350.9M XRP. Active users, a separate measure, fell 50% to 85.2K. This indicates the added activity is not necessarily coming from large payments. It may also come from smaller transactions, token activity, or bot-like behavior. The all-time high for active accounts is 106K, so the network is still far from its peak.
What the Price Chart SaysXRP trades near $1.33, after a daily range between $1.32 and $1.37. The price sits just below a key long-term average near $1.37 to $1.40, which has acted as resistance. Support is around $1.25, where the price bounced earlier this month.
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The RSI is below the midpoint, which indicates weak momentum for now. Volume has also been low in recent weeks. If account activity remains high for several days, it may signal real growth.
A move above $1.40 would be the first sign that price is following the network data. A drop below $1.25 would weaken the outlook. For now, the XRP Ledger is busier, but the price has not reacted yet.
Více než 30 % digitálních aktiv mimo centralizované burzy je již drženo v institucionální úschově, uvádí zpráva společnosti BCG, kterou si objednala společnost Ripple.
Crypto infrastructure company Ripple on Thursday said custody is no longer just a vault, but an operational layer for digital finance. As crypto-tradFi convergence grows, financial institutions are betting big not only on crypto assets such as Bitcoin and XRP but also on underlying services such as custody.
Ripple Positions Custody as Core to Digital Finance With growing focus on governance, interoperability, and integration, digital asset custody is becoming a foundational operating layer of digital finance, according to a report from Boston Consulting Group (BCG) and commissioned by Ripple.
The Beyond Safekeeping: Custody as the Operating Layer Beneath Digital Finance report found that more than 30% of digital assets, excluding holdings on centralized exchanges, are now held through institutional custody models. This share is continuing to grow amid increased demand.
Under MiCA and the GENIUS Act, security and key management have now become requirements. Institutions now see governance, policy controls, interoperability across networks, and integration with existing financial infrastructure when selecting custody providers.
Real custody is the engine running the whole financial system, now powering tokenized assets, instant settlement, and cross-border transactions.
Digital asset custody is major for tokenized real-world assets, stablecoin issuance, payments, treasury, lending, and collateral management. This shifts the business case for custody to broader value creation.
Beyond custody to value creation. Makes Ripple’s acquisitions make more sense if there is a demand for custody operating as a layer for digital finance, covering tokenisation, payments, treasury, lending and use of digital assets as collateral.
It is amazing to hear that 30% and… https://t.co/roW1P0k54O
— bill morgan (@Belisarius2020) October 22, 2026
How Institutions Can Boost Profits BCG estimates that a regional bank with a $200-300 billion balance sheet could improve its profit and loss by up to $100 million with the right custody decisions. Major institutions including Morgan Stanley, Citi, and BNY are already building or expanding their own custody capabilities.
Moreover, institutions can use custody models such as Wallet-as-a-Service. It is gaining traction among fintechs focused on retail and payments. Meanwhile, larger banks are increasingly licensing self-custody technology and building products on top of it.
Ripple offers integrated crypto infrastructure services. This combines custody with settlement assets, payment rails, treasury, and execution to reduce the need for multiple separate integrations. Multi-custody orchestration behind a common control layer is also becoming a market standard.
As CoinGape reported earlier, Ripple partnered with Meritz Securities to bring institutional custody and tokenization to South Korea’s capital markets. With increasing institutional interest amid regulatory clarity and tradFi-focused blockchain improvements, the demand for custody will continue to grow to safeguard digital assets.
DBS Bank, a leading financial institution in Southeast Asia, has identified the XRP ecosystem as one of the most effective frameworks for bridging digital assets with traditional payment flows. This recognition comes as both private sector and network initiatives accelerate efforts to improve institutional settlement processes across borders.
SWIFT’s real-time ledger and industry collaborationSWIFT has introduced a real-time ledger to record, order, and verify transactions. Unlike some decentralized projects, SWIFT’s model finalizes settlements using traditional banking infrastructure, maintaining existing compliance and risk protocols.
This system now supports the first live use case: 24/7 cross-border payments with bank-issued tokenized deposits. Major global banks such as DBS, BNP Paribas, HSBC, Citi, and Standard Chartered are early participants. The initiative advanced from concept to operational testing within a year.
Developers structured the SWIFT ledger to enable constant connectivity between traditional banking and digital asset networks. Direct settlement of digital assets is not handled by SWIFT; instead, the network supplies an orchestration layer that lets banks operate under current financial regulations.
Feedback from over 40 financial institutions is expected to shape future features, aiming to improve interoperability and efficiency in global payments.
Mini dictionary: SWIFT, the Society for Worldwide Interbank Financial Telecommunication, is a global messaging network that enables secure communication between banks and financial institutions, especially for cross-border payments. Its system is widely used for international fund transfers and compliance management.
Focus on interoperability and complianceDBS Bank explained that the SWIFT ledger unifies tokenized deposits, digital assets, and international payments to create a more seamless client experience. The approach maintains crucial features of correspondent banking, such as the ISO 20022 compliance framework, while improving liquidity transparency and round-the-clock operational capability.
Rather than replacing existing systems, the focus remains on building bridges between current payment rails and emerging digital networks. This strategy supports ongoing regulatory requirements while enabling new technological capabilities.
DBS Bank emphasized that connecting tokenized deposits and digital assets to international payments presents opportunities for smoother transactions and improved client service, without compromising established compliance standards.
XRP Ledger’s role in institutional settlementThe XRP Ledger, developed to facilitate efficient cross-border settlements, continues to prioritize interoperability with the established financial system. Its advocates argue that reducing friction between traditional banking and on-chain settlements is vital for digital asset adoption among institutions.
SWIFT’s current solution supports only bank-controlled tokenized deposits, while the XRP Ledger operates as a public blockchain focused on broader asset transfers.
NetworkSettlement AssetUse CaseParticipantsSWIFT LedgerTokenized deposits24/7 cross-border banking payments40+ global banksXRP LedgerXRP, digital assetsOn-chain settlement, interoperabilityPublic and private institutionsIndustry observers expect hybrid models to emerge, with both SWIFT’s orchestrated approach and public ledgers like the XRP Ledger evolving based on market demand and regulatory feedback.
Ongoing collaboration between traditional institutions and blockchain developers is expected to influence the broader adoption of tokenized deposits and digital assets, especially as regulated channels seek innovative solutions for international settlement.
Integrating established payment infrastructure with new digital networks is seen as critical to supporting the seamless movement of value worldwide, with tokenization acting as a key enabler in regulated environments.
Binance v rámci kampaně od 23. října 2026 v 00:00 UTC do 20. listopadu 2026 v 00:00 UTC rozdělí 600 000 XRP držitelům alespoň 0,01 RLUSD na účtech Spot, Funding, Earn nebo Margin. V účtech Earn se započítává pouze RLUSD vložené do Flexible Savings.
Binance, the world’s largest cryptocurrency exchange, has made an announcement concerning the Ripple ecosystem. According to the announcement, Binance has launched a new XRP airdrop campaign for holders of Ripple’s dollar-pegged stablecoin, RLUSD.
Binance will distribute a total of 600,000 XRP to eligible users as part of the campaign, and the rewards will be shared among users who meet the specified conditions.
“Binance will be launching an airdrop campaign rewarding all eligible users holding Ripple USD (RLUSD) on our platform. Eligible users will receive a share of the large prize pool of 600,000 XRP.”
When Will Binance’s XRP Airdrop Campaign Begin? According to Binance’s official announcement, the campaign will begin on October 23, 2026 at 00:00 UTC and end on November 20, 2026 at 00:00 UTC. Rewards will be distributed weekly throughout the campaign period.
Binance stated that the first reward distribution is scheduled for October 30th, with subsequent distributions planned for November 6th, 13th, and 20th. XRP rewards will be transferred to eligible users’ Spot accounts within their main Binance accounts.
Who Can Participate in the XRP Airdrop? To be eligible for the campaign, users must hold at least 0.01 RLUSD in their Spot, Funding, Earn, or Margin accounts on Binance. Only RLUSD balances deposited into Flexible Savings products will be considered in Earn accounts.
“To be eligible for rewards, users must hold at least 0.01 RLUSD in their Spot, Funding, Earn, or Margin accounts.”
However, users must complete identity verification and meet the campaign participation requirements. Regional restrictions and active account restrictions may also affect eligibility.
In addition, Binance stated that additional reward multipliers will be applied to users who meet certain conditions. Specifically, users who increase their RLUSD balance compared to the previous two weeks will receive a 1.2x reward multiplier, while those who subscribe to the RLUSD Flexible Savings product will receive a 1.1x multiplier. If both conditions are met, the multiplier for the relevant balance can reach 1.3x.
Binance finally added that rewards will be calculated based on variables such as users’ eligible balances and total participant balances.
*This is not investment advice.
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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The Yellow Network blockchain project, in which Ripple co-founder Chris Larsen invested $10 million, has teased a technology for instant settlements between autonomous AI programs.
According to a teaser posted on X, the XRP token will become the basic settlement mechanism for the new "ultimate" AI stack, designed to combine Yellow's high-speed channels with the capabilities of the XRP Ledger (XRPL) network.
Moving value across borders in seconds is old news. XRPL already solved that.
The real challenge now is trust: how do two autonomous AI agents with zero shared history transact safely? They need guaranteed outcomes.
Yellow provides the exact trustless settlement layer to make it happen.
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— Yellow (@Yellow) October 21, 2026
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It is expected that the new software will allow AI agents to trade with each other without fees within the system, and to instantly record the final settlement on the XRP blockchain.
Why do robots need money at all? (And why regular banks don't suit them) Regular bank transfers are too slow for artificial intelligence. When two robots on the network want to make a deal — for example, one AI buys data or computing power from another — they need to complete the payment within fractions of a second. At the same time, they "don't know" each other and cannot take each other's word for it.
Yellow solves this problem. The project acts as a digital guarantor: it verifies and protects the deal on the fly, and then sends it to the XRP Ledger for closing. In the company's teaser, this process was shown simply — two capsules are connected by a glowing bridge of trust.
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AI agents perform millions of micro-operations, so predictability is important to them. The XRPL blockchain may be ideal for this: a transfer there takes only 3–5 seconds, and the fee is a fraction of a cent. Chris Larsen's involvement links this project directly to the future of the Ripple ecosystem.
This infrastructure has already been deployed on the basis of the XRPL AI Hub, where 174 AI services are registered. Autonomous agents have carried out more than 14.5 million microtransactions and closed almost 6,000 deals, paying each other for inference routing, token analysis, and contextual data via the x402 protocol.
XRPL AI Hub metrics showing over 14.5 million settled microtransactions, Source: XRPL AI HubWhile people argue about cryptocurrencies, major capital is building the economy of the future — where robots will buy and sell services to each other without human involvement, using XRP liquidity.
XRP posted a notable rebound of over 4% on October 21, with its price recovering toward $1.35 as a wave of short seller liquidations hit the market ahead of a key network upgrade for the XRP Ledger. Market data recorded XRP’s 24-hour gain at 4.7%, with trading activity heavily concentrated in the $1.29 to $1.35 range.
XRP short liquidations surge near resistance zoneDerivatives analytics revealed that $4.4 million in XRP positions were liquidated within the past day, with approximately $3.6 million attributed to short sellers. TRdesk, a derivatives tracker, reported that around 80% of these liquidations came from short positions. As leveraged shorts are forced to buy back XRP to settle their losses, such events often contribute further upward pressure to the price rally.
XRP’s return to the $1.35 level signals increased volatility, especially as liquidation-driven buying combines with anticipation for the upcoming network upgrade.
Despite this recent bounce, XRP continues to trade below earlier highs from the first half of October. The preceding decline illustrated the severity of the broader market correction even as institutional investors showed ongoing interest in the digital asset.
Technical traders are closely monitoring resistance between $1.35 and $1.38; a clear break above could shift attention toward $1.42. However, if bearish momentum returns and sends XRP below $1.32, the price may target support levels at $1.29 and $1.28.
Price LevelSignificance$1.38Key resistance$1.35Current recovery zone$1.32Support if price pulls back$1.29Lower supportNetwork upgrade prompts market attentionAnticipation for the XRP Ledger’s scheduled upgrade on October 23 has intensified market activity. The planned activation of fixCleanup3_4_0 is a maintenance amendment set to address various technical issues, including corrections related to token permissions, escrow transactions, automated market maker operations, and foundational aspects for future lending infrastructure.
According to previous analyses published by blockchain intelligence firm Coinpaper, the upgrade received sufficient backing among validators to initiate the countdown process ahead of implementation.
The current amendment, however, does not enable native lending capabilities on the XRP Ledger. The lending protocol—featuring Single Asset Vaults—remains under separate consideration and will require more validator approvals before it can be deployed.
The distinction carries weight because a full-scale credit market on the XRP network could expand the range of financial products available, but the activation of the fixCleanup3_4_0 patch is only a preparatory measure toward such developments.
Mini dictionary: fixCleanup3_4_0 is a maintenance amendment for the XRP Ledger designed to resolve technical issues, improve calculations for lending infrastructure, and update network mechanics, but it does not itself implement new lending features.
Institutional activity and market outlookWhile XRP saw a brief surge, broader uncertainty persists regarding both institutional demand and overall cryptocurrency market sentiment. The US spot XRP ETF market previously attracted inflows for 13 straight weeks, underscoring that consistent investment in regulated products does not necessarily insulate the underlying asset from price corrections.
Ripple, the company behind the XRP Ledger, continues to refine its institutional strategy by exploring uses for XRP as collateral. These measures remain separate from speculative trading and are part of Ripple’s larger approach to expanding utility for the digital asset.
For bullish traders, maintaining support above $1.35 remains critical to challenge resistance at $1.38 and potentially reach $1.42. If the recovery stalls, renewed selling could push prices down to $1.32 or even test the $1.29 support.
The upcoming network upgrade could impact sentiment, but XRP’s next sustained trend will depend on a combination of customer demand, market positioning, and institutional participation.
The outcome of the October 23 amendment, along with continuous institutional activity, is likely to guide XRP price action in the short term, but long-term direction remains linked to broader market dynamics.
CVD XRP kleslo z téměř neutrální úrovně na −1,18 miliardy, což ukazuje na přetrvávající převahu prodejů. Analytici se neshodují, zda jde o kapitulaci, nebo pokračující distribuci.
Crypto analyst Xaif, known online as Xaif_Crypto, published an analysis signaling a major shift in the market structure for XRP. His recent investigation revealed a sharp decline in XRP’s cumulative volume delta (CVD), which tracks the net difference between buying and selling volume over time.
Steep CVD decline for XRPAccording to Xaif, XRP’s CVD dropped from nearly neutral to around -1.18 billion. He pointed out that both the green and purple moving averages on his TradingView chart are sloping downward, showing no signs of leveling off. As of the latest reading, the CVD stands at the lowest point on the chart, with the price of XRP at 1.2983.
The CVD’s downward trajectory suggests that selling activity has consistently outpaced buying, indicating pressure from sellers dominating over multiple sessions rather than short-lived surges.
Mini dictionary: Cumulative Volume Delta (CVD): An indicator that measures the net buying and selling volume, helping traders gauge whether buyers or sellers are more active over a specific period.
Xaif’s chart shows a period of stability in CVD until early October, followed by a sudden drop around October 12 to 13. A brief stabilization was seen before another wave brought the CVD even lower from October 17 to 19.
XRP liquidity just got absolutely crushed. The CVD has collapsed from near neutral levels to roughly -1.18 billion, while both moving averages continue trending lower. Is this capitulation, or is there more selling left?
Capitulation or sustained selling?Xaif’s central question focuses on whether the current CVD collapse represents market capitulation or if further selling might be likely. Capitulation typically refers to a situation where persistent and heavy selling marks the end of a downtrend and sometimes signals a reversal. Despite the weakness, the CVD pattern does not yet confirm that a full capitulation event has taken place.
Some analysts interpreting the data remain cautious, viewing the ongoing selling as a sign the bearish trend could extend further. Others believe the current intensity bears hallmarks of exhaustion among sellers, often preceding a shift in momentum.
Community discussions and analysisSeveral market watchers responded to Xaif’s analysis, providing further technical context. One observer described capitulation in precise terms—it usually involves a spike in trading volume, long wicks on the chart, funding rates reaching -0.1%, and CVD flatlining while the price still declines.
By these criteria, he assessed the market as not yet meeting the typical conditions for capitulation. He characterized the current situation as “distribution,” a phase dominated by active selling without divergence or signs of reversal, but suggested a potential bottom could form within a few days.
A different analyst commented that his experience with similar CVD patterns gives him the impression of capitulation. Another voice took a more moderate position, agreeing that the -1.18 billion CVD figure signals significant stress in the market but emphasized that moving averages remain weak and unrecovered, echoing Xaif’s observations.
Market sentiment splitThe data from the past week suggests that XRP continues to face strong selling pressure, with neither price nor CVD reflecting a clear sign of divergence or an imminent turnaround. The analyst community remains divided, with some expecting the period of active distribution to persist, while others think seller exhaustion could emerge soon.
Ripple na makléřské platformě Ripple Prime spustil pro institucionální klienty nepřetržité obchodování s akciemi, přičemž jako zajištění mohou používat stablecoin RLUSD.
Ripple has announced a significant update to its institutional offerings, unveiling 24/7 stock trading for its clients through the Ripple Prime brokerage platform. The new capability allows institutional investors to trade stocks at any time, utilizing the firm’s stablecoin, Ripple USD (RLUSD), as collateral for their trades.
RLUSD gains utility in institutional tradingWith the integration of RLUSD as collateral, Ripple aims to offer institutions more flexibility in managing their trading positions and capital flows. Traditionally, such transactions require coordination during market hours and reliance on conventional banking systems. By enabling round-the-clock trading, Ripple positions RLUSD as a key tool not just for payments and treasury use, but also for financing and trading within institutional markets.
Ripple stated that this move is intended to streamline access to global markets and provide seamless operational continuity for institutional clients. The use of RLUSD as collateral is seen as a step toward broader adoption of the stablecoin, extending its function well beyond its original purpose as a payment asset.
The integration of RLUSD as collateral in Ripple Prime enables institutional clients to manage trading positions and move funds more efficiently without exclusively relying on traditional banking hours, a company spokesperson indicated.
Liquidity concerns and market limitationsDespite these advancements, market observers have pointed out potential challenges related to liquidity. As 24/7 stock trading remains a relatively new feature, liquidity in these markets can be inconsistent, especially during off-peak hours. Some industry participants suggested that institutional traders could struggle to execute large transactions without a sufficient number of active buyers and sellers, resulting in price volatility or higher transaction costs.
For Ripple Prime’s new 24/7 product to fully meet institutional needs, the development of a deeper pool of liquidity will likely be necessary. This echoes concerns expressed by analysts who emphasize the importance of monitoring trading volumes and market activity outside of traditional hours.
Emergence of dynamic trading tools amid rapid market shiftsAs the technical landscape for institutional and retail trading evolves, platforms that combine trading execution and investor engagement are gaining attention. In particular, the meme token market exemplifies how quickly investment interest can build. In this space, an internet trend can quickly turn modest sums into substantial gains within days. Data provided by Fomo App illustrates this phenomenon, with one highlighted trade involving “Niu Lai” turning a $99 initial investment into approximately $370,000. In fast-moving markets like these, observing not just price charts but also investor timing and token selection is essential to navigating opportunities and risks.
Fomo App seeks to address these challenges by integrating token tracking, trading capabilities, social feeds, investor rankings, and trade notifications into a single platform. The application is designed to allow users to follow both asset trends and the activity of prominent investors in real time.
Platforms integrating token discovery, social engagement, and live trading are becoming increasingly important for those looking to participate effectively in the rapidly changing meme token ecosystem, according to Fomo App’s development team.
Útočníci prostřednictvím falešných bezpečnostních upozornění v aplikaci Ngrave LIQUID odcizili zákazníkům kryptoměny v hodnotě 2,56 milionu USD, včetně bitcoinů za 1,77 milionu USD.
Hackers hijacked a third-party notification provider for Ngrave’s LIQUID app and sent fake security alerts on Oct. 17.
About $2.56 million was stolen from 70 wallet addresses across four blockchain networks.
Bitcoin made up $1.77 million of the losses, followed by XRP, Ethereum-based assets and Stellar.
Ngrave says its ZERO hardware wallets were not breached. Victims entered their recovery phrases on a fake website.
The CEO said the company “absolutely and utterly failed” and has added new security controls.
Belgian hardware wallet maker Ngrave says thieves stole about $2.56 million from its customers after hijacking a system used to send app alerts. The company disclosed the attack on Oct. 19.
Attackers gained control of a third-party notification provider used by Ngrave’s LIQUID companion app. On Oct. 17, they used it to send fake security warnings straight to users.
The message said a user’s portfolio had been synced with a Pixel 9 device in Moscow. Tapping the alert opened a fake Ngrave website with a countdown timer and buttons to approve or deny the activity.
Both buttons led to the same trap. Users were asked to enter their 24-word recovery phrase or their Perfect Key, which gave attackers full access to their wallets.
Automated scripts then emptied the accounts within minutes. Ngrave traced the losses to 70 wallet addresses across four networks.
Bitcoin made up most of the stolen funds at $1.77 million. Thieves also took $454,000 in XRP, $316,000 in Ethereum-based assets and $18,000 in Stellar.
How the Attack Unfolded
Ngrave’s incident report says unauthorized access may have started on Oct. 11, six days before the fake alerts went out. Attackers got one access key and used it to obtain a second key with wider permissions, including access to some analytics data.
The company spotted the fake alerts within a minute of their appearance at 9:30 p.m. UTC on Oct. 17. Even so, the first wallet was drained six minutes later.
Ngrave shut off its notification system by 10:45 p.m. Thefts from wallets that were already compromised continued until 3:51 a.m. the next morning.
The company says its ZERO hardware wallets and private keys were never breached. Instead, attackers tricked customers into handing over their own recovery details.
The stolen funds moved through exchanges, blockchain bridges and new addresses. Ngrave traced bitcoin into 12 addresses, while XRP moved through 54 transfers.
Analytics firm Bitquery said in its own report that “most of it now sits on Hyperliquid as a Monero token.” It estimated about 81% of the funds ended up on the decentralized perpetuals exchange.
Ngrave CEO Admits Failure
Ngrave’s CEO gave a direct statement in the incident report. “In my humble opinion, the first duty of a crypto security company is to provide exactly that: security. In this, we have absolutely and utterly failed,” he said.
He said the company’s security was not strong enough when he took over as leader months earlier. Ngrave also said device information, wallet activity, IP addresses and approximate locations may have been exposed.
The incident adds to a difficult year for hardware wallet makers. Nearly a dozen security incidents in 2026 have involved brands such as Ledger, Trezor, Tangem, Safepal, Bitbox02 and Coldcard, with reported losses topping $180 million across two incidents.
Ngrave has replaced the compromised keys and plans tighter notification controls. These include two-person approvals, restricted domains and an emergency shutdown option.
The company is urging affected customers to set up new wallets and contact support. Its investigation is ongoing.
Grayscale zavedla pro deset produktů nepeněžní emise podílů, které oprávněným investorům umožňují směnit kryptoměny včetně Bitcoinu a Etherea přímo za podíly ve fondech.
Crypto asset manager Grayscale continues to take innovative steps regarding cryptocurrencies. In its latest announcement, Grayscale stated that it will allow investors to invest in spot cryptocurrencies like Bitcoin directly in exchange for shares in its ETFs and other investment products.
Accordingly, Grayscale has implemented an in-kind subscription model in 10 of its products, allowing investors to exchange eligible digital assets for direct investment product shares. The new model aims to facilitate the integration of crypto assets into traditional portfolio management.
The Need for Cash Conversion is Decreasing!
Grayscale has announced a new investment method for some of its investment products. This system allows investors to directly exchange their crypto assets for shares in Grayscale’s investment products without first having to convert them to cash.
The company stated that this method could reduce operational burdens stemming from custody and security processes, lower transaction costs in crypto markets, and facilitate the inclusion of digital assets in traditional investment portfolios.
10 Cryptocurrencies, Including Bitcoin and Ethereum, on the List!
According to Grayscale, the subscription service includes 10 investment products, including Bitcoin and Ethereum: “Bitcoin, Ethereum, Avalanche, Chainlink, Dogecoin, Hyperliquid, Solana, XRP, Sui, Zcash”
“Grayscale Bitcoin Mini Trust ETF (BTC)
Grayscale Ethereum Staking Mini ETF (ETH)
Grayscale Avalanche Staking ETF (GAVA)
Grayscale Chainlink Trust ETF (GLNK)
Grayscale Dogecoin Trust ETF (GDOG)
Grayscale Hyperliquid Staking ETF (HYPG)
Grayscale Solana Staking ETF (GSOL)
Grayscale Sui Staking ETF (GSUI)
Grayscale XRP Trust ETF (GXRP)
The Zcash ETF (ZCSH)”
Finally, according to Grayscale’s statement, the service is available to eligible investors. Clients wishing to trade on the primary market must work with authorized participants or the institutions that act as intermediaries for these participants.
*This is not investment advice.
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XRP Ledger zpomalil zpracování transakcí; David Schwartz uvedl, že příčinou může být cílený útok nebo skrytá chyba v kódu. Tým analyzuje uložené záznamy.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A technical failure on the XRP Ledger (XRPL) network that slowed transaction processing has turned into an open analysis of the protocol's architecture. David Schwartz, former Chief Technology Officer of Ripple and co-creator of the system, publicly named the blockchain's vulnerable points highlighted by the incident.
The problems began after the XRP Ledger Operations team recorded an anomaly: the network's ledgers started closing significantly slower than usual. While engineers searched for the cause of the delays, questions arose in the community about the reliability of the decentralized system. Users were concerned about whether the network could fail due to the overload of several key hubs. Schwartz stepped into the discussion to explain the real limits of XRPL's resilience.
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According to Schwartz's assessment, the XRP Ledger software is protected by a multi-layered security system. Nevertheless, in theory there are only two scenarios capable of completely paralyzing the entire network:
Mass infrastructure failure: a situation in which a huge number of validator servers around the world fail simultaneously. Such an outcome is possible only in the event of a global natural catastrophe, so developers consider it unlikely.
Consensus algorithm failure: an error in the very mechanism for reaching agreement between nodes, or the failure of another basic protocol function at the code level.
The recorded slowdown of rounds is direct evidence that the system's technological safety margins have decreased. Schwartz admitted that this is a marker that the network is either under a targeted attack or a hidden bug has been activated inside the code.
At the same time, the architect refuted rumors about the blockchain's vulnerability to single points of failure. The network is fully decentralized, so shutting down or overloading even a large hub (including his own node) has no effect on XRPL's overall operability and uptime.
How the creator of the network was left without logsThe main practical problem turned out to be the vulnerability of the network monitoring systems during peak loads. When consensus rounds slowed down, validators abruptly switched to maximum load. Schwartz's own node could not withstand the influx of requests, causing local RPC connections to hang in the CLOSE_WAIT state.
Official announcement of the XRP Ledger network slowdown, Source: XRP Ledger Operations / XBecause of this hang, Schwartz's internal monitoring system was unable to record and transmit diagnostic data at the most critical moment. As a result, the engineer had to reboot the server without understanding the exact cause of the failure.
During the discussion, it emerged that the hub of the XRPL co-creator was sending logs to an outdated test host of the XRP Ledger Foundation (XRPLF).
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Currently, the team of engineers and community operators is manually analyzing the surviving logs to isolate and completely eliminate the defect. Schwartz summarized that, despite the temporary reduction in safety margins, the team has no reason to panic. The developers are fully in control of the situation, and the code architecture has a sufficient technological reserve to keep the network operational.
Ripple podpořila návrh regulace kryptoaktiv SEC, který vychází z Howeyho testu a nových výjimek pro získávání kapitálu. Chainlink spolu s Cardano, Hederou, Stellar, Aptos a Avalanche vyzvaly SEC ke kodifikaci rámce pro digitální komodity.
Ripple filed its comment letter on the SEC’s proposed Regulation Crypto Assets, supporting to finalize the proposed crypto rules. It rests on the Howey test, treating the investment contract, not the crypto asset itself as the security, and builds on a prior joint SEC-CFTC harmonization initiative.
Ripple CLO Stuart Alderoty said “We support the proposal, and the SEC has clear authority to adopt it.” He added that previous “case by case, coin by coin” enforcement has pushed crypto innovation offshore. He claimed the industry needs holistic rules for digital assets, and the Regulation Crypto Assets framework is a major move.
The proposal stays faithful to the Howey Test. Ripple CLO clarified the investment contract is a security, not a token. Stuart Alderoty cited that Ripple has spent more than $150 million to get clarity on XRP not a security.
“What matters is what an issuer actually promised and when those promises end, not a subjective decentralization test,” he added. Clear rules grounded in existing law will bring capital, investor protection and innovation to the U.S.
Also Read: XRP Finally Launches Official X Account and Website Managed by Ripple and XRPLF
Cardano, Chainlink, Hedera, Stellar & Others Join Ripple on SEC’s Regulation Crypto Assets
Chainlink partnered with Cardano, Hedera, Stellar, Aptos, and Avalanche in urging the SEC to codify its digital commodity framework. With Ripple seeking to exempt certain crypto assets from full SEC securities registration, the Blockchain Association also urged raising the startup exemption limit from $5 million to $10 million.
“Builders need lasting certainty. Codifying this progress would be a meaningful step toward keeping America the home of digital asset innovation,” said Chainlink head of policy Taylor Barr.
.@chainlink is proud to partner with @hedera, @Aptos, @AvaLabs, and @StellarOrg in urging the SEC to codify its digital commodity framework.
Builders need lasting certainty. Codifying this progress would be a meaningful step toward keeping America the home of digital asset… pic.twitter.com/rAjs9C6vdy
— Taylor Barr (@taylorjbarr) October 20, 2026
Although the official comment period for the SEC’s proposed Regulation Crypto Assets closed on October 20, the commission will continue accepting public feedback after the deadline, according to journalist Eleanor Terrett.
“While we encourage commenters to submit their feedback by the deadline, the Commission will continue to accept public comments on rule proposals after the comment period closes.”
The new crypto rules would create new fundraising exemptions for crypto issuers raising capital in the U.S., while the CLARITY Act developments remain uncertain ahead of midterm elections.
Also Read: Best Crypto Compliance Companies and KYC Providers for Web3 Enterprises
Německá síť Sparkasse spustila prostřednictvím DekaBank obchodování s bitcoinem, etherem, XRP, solanou a POL ve své bankovní aplikaci; služba se zavádí postupně v jednotlivých bankách.
Germany's Sparkasse network has started crypto trading in its banking app via DekaBank, covering Bitcoin, Ether, XRP, Solana and Polygon's POL, with a staggered bank-by-bank rollout.
Germany's Sparkasse banking network has begun rolling out crypto trading inside its banking app, bringing Bitcoin ($BTC), Ether ($ETH, @ethereum), XRP ($XRP, @XRP), Solana ($SOL, @solana) and Polygon's POL token ($POL, @0xPolygon) to customers of Europe's largest banking group by assets.
The service went live on October 19, 2026, but access is not yet nationwide. Each local savings bank must switch it on individually, so only customers of participating institutions can use it for now.
How the Sparkasse crypto service worksThe product is called "Krypto, powered by Deka" and is run by DekaBank, the securities house of the Sparkassen group. According to Bloomberg, the rollout will be gradual over the coming months, and each Sparkasse decides on its own whether to offer it. DekaBank handles trade execution and custody. Customers open a separate crypto account with DekaBank inside the app's investing section, and a securities account is not required.
The fee is reported at €0.99 per order. DekaBank's announcement does not detail other costs such as spreads, according to fund research outlet e-fundresearch. Reporting also says the service is aimed at adult, self-directed investors and that no investment advice is given.
Sparkassen-Finanzgruppe is described as the largest financial services group in Germany and Europe by assets. Crypto assets held through the service are not covered by statutory deposit insurance, BeInCrypto notes.
Rollout pace and regulatory backdropOnly a handful of banks were live at launch. More than 230 institutions have reportedly expressed interest, and 30 to 40 additional banks are expected to join each month. Joachim Schmalzl of the German Savings Banks Association (DSGV) said it is for each savings bank to decide when to start, according to dpa. The association is aiming for a large share of interested banks to be connected in the first half of 2027.
The move marks a reversal for the group. Bloomberg reports that the Sparkassen long rejected crypto offerings and that its bodies recommended against crypto trading about four years ago because of the risks. The shift was justified by customer demand and a changed regulatory framework.
DekaBank received its licence under the EU's Markets in Crypto-Assets rules (MiCA) from Germany's BaFin in 2025, which lets it bundle trading, custody and customer support in one place, according to Bloomberg and e-fundresearch.
Sources:
Bloomberg via Yahoo Finance: Deka startet Bitcoin-Handel nach Sparkassen-Richtungsschwenke-fundresearch: DekaBank startet Kryptohandel fuer Sparkassen-Kunden
A recent analysis claims that approximately 225 million XRP is available for sale across major cryptocurrency exchanges at prices up to $5, challenging some widespread perceptions about the actual liquid supply in the market. The report, announced by analyst Edo Farina, was based on an examination of 64 trading venues and 171 trading pairs.
Visible supply contrasts with wallet balancesFarina explained that, while roughly 22 billion XRP sits in exchange wallets tracked by his research, these balances do not indicate true sell-side liquidity. For example, Binance holds about 2.6 billion XRP, yet much of this total represents customer assets in storage, not tokens currently being offered for sale. This distinction underlines that wallet balances alone do not represent the amount available at current prices.
The significance of this finding lies in the ongoing debate within the XRP community regarding potential supply shocks. Many have pointed to large exchange wallet figures as evidence of immediate liquidity, but the analysis suggests that these metrics can be misleading.
Order book snapshot shows limited sell ordersWith XRP trading near $1.31 during the study, Farina reported about 35 million XRP listed as sell orders within 2% above the market price on what he categorized as trusted exchanges. Meanwhile, buy orders within 2% below the price totaled roughly 44 million XRP. This revealed greater visible buying interest on these platforms at that particular price range, although the analyst cautioned that this snapshot does not capture the full dynamics of the market.
Across all exchanges reviewed, visible sell orders between the spot price and the $5 mark summed to approximately 225 million XRP. When focusing solely on the trusted exchange subset, the number was closer to 100 million XRP. Farina said that duplicate order books, inactive markets, and very distant orders outside ordinary trading ranges were filtered out of the analysis for clarity.
“An order book is like a picture, not a movie,” Farina noted, emphasizing that static data provides only a fleeting view of market conditions and cannot predict how buying pressure would impact prices over time.
Order books are subject to rapid changes as orders are placed, canceled, adjusted, or hidden. Therefore, conclusions about XRP price movement based solely on these figures should be made with caution. The underlying dataset and detailed methodology were not disclosed, adding further limits to reproducibility.
MetricValueVisible sell orders ($1.31–$5)225 million XRP (all exchanges)Sell orders on trusted exchanges100 million XRPXRP in exchange wallets22 billion XRPSell orders within 2% above market35 million XRPBuy orders within 2% below market44 million XRPInstitutional demand and hypothetical scenariosFarina’s YouTube analysis considered what might happen if an institution attempted to buy $1 billion worth of XRP, though he stressed that any real institutional actor would likely rely on over-the-counter (OTC) transactions rather than public order books to avoid slippage and adverse price effects. He mentioned BlackRock as an illustrative example rather than as an actual buyer.
The video also explored wallet movements linked to Arthur Britto, one of the co-creators of the XRP Ledger, including transfers to Bitstamp. Farina proposed a possible connection between these transfers and Ripple’s payment liquidity needs but made clear that wallet activity alone is not enough to determine true intent or subsequent actions once assets arrive at an exchange.
Market participants continue to monitor XRP transactions and exchange data for signs of changing liquidity and demand as interest in the cryptocurrency sector remains strong.
Mini dictionary: Arthur Britto – One of the three original founders and architects of the XRP Ledger, Britto played a key technical role in the early development of Ripple’s blockchain infrastructure.
Large institutional purchases, such as a hypothetical $1 billion buy, would likely utilize private liquidity channels. Public order books do not accurately reflect the market impact or supply dynamics for such transactions.
XRP, the native cryptocurrency of the XRP Ledger, is trading around $1.34 as of October 20, 2026. Also commonly referred to as Ripple coin, XRP is approximately 64% below its all-time high of $3.65 and 22% below its late-September weekly peak of $1.66.
Three developments are driving much of the decline: US spot XRP ETFs recorded their first weekly outflow in 14 weeks, up to 1 billion XRP held in Ripple’s escrow accounts will become eligible for release on November 1, and Bitcoin has fallen toward $83,000. Declines in Bitcoin often lead to even sharper losses across the altcoin market.
This article examines why XRP is falling, the price levels analysts are monitoring, and the developments that could change its outlook. It also looks at the MemeToro $MT presale for readers interested in exploring early-stage cryptocurrency projects during periods of weakness in established digital assets.
MemeToro is an open-source, AI-powered meme coin launchpad being developed on BNB Chain. Stage 9 of its presale is priced at $0.00649 per token. The project’s token contract has undergone three security audits, purchased tokens are delivered directly to buyers’ wallets, and a public testnet is already available.
This article contains sponsored content about MemeToro. Nothing presented here constitutes financial advice.
Key takeawaysXRP price today: According to FinanceFeeds, XRP is trading around $1.34 on October 20, 2026. KuCoin News reports that its market capitalization declined by approximately $5.83 billion over seven days from $88.22 billion on October 12.ETF flows reverse: US spot XRP ETFs recorded approximately $1.84 million in net outflows last week, ending 13 consecutive weeks of inflows, according to SoSoValue data reported by Coin-Turk and FXStreet.MemeToro presale: Stage 9 of the $MT presale is underway at $0.00649 on BNB Chain. Tokens are delivered directly to buyers’ wallets, and the token contract has been audited by Coinsult, SolidProof, and BlockSAFU.Upcoming supply event: Up to 1 billion XRP will become eligible for release from Ripple’s escrow accounts on November 1 at 00:00 UTC. Historically, Ripple has re-locked approximately 70% of released tokens.Bitcoin’s influence: According to 24/7 Wall St., Bitcoin is trading near $81,000 with a market dominance of 59.5%. Altcoins typically face greater pressure when Bitcoin declines.Key XRP price levels: FXStreet and FinanceFeeds identify $1.28 and $1.24 as important downside levels, while $1.34–$1.38 is the immediate resistance area.Next major event: The Federal Reserve is scheduled to meet on October 27–28.MemeToro ($MT) in 60 secondsMemeToro is an open-source, AI-powered meme coin launchpad under development on BNB Chain. Its native $MT token is currently available in Stage 9 of the presale.
Price: 1 $MT = $0.00649. Once the Stage 9 fundraising target is reached, the next stage will begin at a higher token price.
What supporters highlight: Three token security audits completed by Coinsult, SolidProof, and BlockSAFU; publicly available code under an MIT license; just 2% of the total token supply allocated to the team; and 71% reserved for the public sale. Purchased tokens are also delivered directly to buyers’ wallets.
What to consider: Interested readers can visit MemeToro’s official website to review its tokenomics and open-source code. The project’s risks should also be carefully considered before making any investment decision.
Why consider MemeToro ($MT) while XRP is falling?When major cryptocurrencies experience sharp declines, some investors consider allocating a small portion of their portfolios to higher-risk, early-stage projects. MemeToro falls into this category, although it differs substantially from XRP.
According to CoinGecko, XRP has a market capitalization of approximately $83 billion and is supported by spot ETFs trading in the United States. MemeToro, by contrast, is an early-stage project developing an open-source, AI-powered meme coin launchpad on BNB Chain. Its $MT token remains in a staged presale.
MemeToro’s operating model follows a straightforward principle: AI generates proposals, while smart contracts execute transactions according to predefined, transparent rules.
The platform’s AI agent analyzes news and trends on X to develop meme coin concepts. It explains the reasoning behind each proposal and records the results in a machine-readable file called a launch manifest, which contains the terms governing a token launch.
A smart contract called FairLaunchEscrow then applies those published conditions. The AI is responsible for generating and explaining ideas, but it does not control users’ funds.
The project’s code is publicly available on GitHub under an MIT license. The MemeToro team describes its current repository as an early-stage minimum viable product (MVP), with development of the launchpad still underway.
Supporters of the MemeToro ($MT) presale highlight several features:
Transparent operations: Token launch conditions are published before fundraising begins. Smart contracts are designed to enforce those rules, reducing reliance on promises made by the development team.Open-source code: The AI agent, launch manifest format, escrow contract, and testing framework are publicly available under an MIT license.Independent audits: Three separate security firms have audited the $MT token contract.Public-focused token allocation: Of the total supply, 71% is allocated to the public sale and 2% to the team. Marketing tokens follow a 24-month vesting schedule.Accessible purchasing options: Buyers can pay with cryptocurrency or a credit card. Tokens are sent directly to their wallets, and the website supports more than 16 languages.A working testnet: Users can explore the platform’s functionality without committing real funds.Staged pricing: Each new presale stage begins at a higher price. The $0.00649 price is therefore available only while Stage 9 remains open.How to buy $MT in Stage 9: Visit the presale section of the official MemeToro website and carefully verify the website address. You can connect a wallet on BNB Smart Chain or select the credit card payment option.
Before completing a purchase, verify the contract address and review the Stage 9 price and sale conditions. Purchased $MT tokens are transferred directly to your wallet. You should also check the regulations applicable in your jurisdiction before participating.
Why is XRP falling? Five reasons behind the decline1. Demand for XRP ETFs has weakenedUS spot XRP ETFs have attracted approximately $1.8 billion since launching nearly a year ago. However, the funds recorded around $1.84 million in net outflows last week.
According to SoSoValue data reported by Coin-Turk on October 17, this ended a streak of 13 consecutive weeks of inflows.
Although the outflow was relatively small, the reversal is significant because ETF purchases had been one of the more consistent sources of demand for XRP.
According to 24/7 Wall St., total assets held by dedicated XRP investment funds declined from $1.77 billion to approximately $1.47 billion.
Bitcoin ETFs, meanwhile, showed a different trend. FinanceFeeds, citing Farside Investors data, reported that US-listed Bitcoin funds attracted $526.7 million on Monday.
2. More XRP could enter circulationRipple’s next escrow release is scheduled for Sunday, November 1, at 00:00 UTC. Two escrow accounts containing a combined 1 billion XRP will become eligible for release.
As of October 18, Ripple held 31.40 billion XRP in escrow.
Over the previous 12 release cycles, the company unlocked a total of 12 billion XRP but subsequently re-locked 8.4 billion tokens, equivalent to approximately 70%.
According to FinanceFeeds, Ripple followed a similar pattern in October. After releasing 1 billion XRP, it re-locked 700 million, leaving a net 300 million XRP outside escrow.
This means the entire 1 billion XRP scheduled for potential release on November 1 will not necessarily enter circulation. Nevertheless, the upcoming event remains an important consideration for traders.
3. XRP supply has grown faster than its market valueAccording to an October 16 CoinDesk report citing Nansen data, XRP’s circulating supply has increased by 63% since 2017.
During that period, the number of XRP tokens in circulation rose from 38.7 billion to 63.1 billion, while the cryptocurrency’s total market capitalization declined by approximately 3%.
Nansen analyst Nicolai Sondergaard explained that an increase in circulating supply means each token represents a smaller share of roughly the same total market value.
XRP’s weaker performance compared with other major cryptocurrencies has also attracted attention.
According to Tesseract Group’s Oliver Carding, quoted by CoinDesk, XRP has lost approximately 59% of its value since August 2025. Bitcoin declined 32% over the same period, while Ether fell 44%.
4. Bitcoin weakness and macroeconomic conditions are adding pressureBitcoin is trading near $83,000 after briefly falling below $80,000 earlier this week.
US inflation rising to 3.7% in September has also weighed on market sentiment. Investors are now looking ahead to the Federal Reserve’s October 27–28 meeting.
According to 24/7 Wall St., Bitcoin accounts for 59.5% of the total cryptocurrency market, while XRP represents approximately 3%. Altcoins generally face greater pressure during periods of Bitcoin weakness.
The same publication reported that the overall cryptocurrency market declined by 3.5% in 24 hours on October 17.
5. XRP demand indicators have deterioratedAccording to CoinGlass data cited by FXStreet, open interest in XRP perpetual futures declined from 2.34 billion XRP on October 1 to an average of 2.17 billion XRP on Monday.
FXStreet also highlighted weakening interest from both retail and institutional investors.
Technical indicators reflect a similar trend. The Relative Strength Index (RSI) is hovering around 37, while the Moving Average Convergence Divergence (MACD) indicator remains in negative territory.
Developments involving Ripple have also failed to provide meaningful support for XRP’s price.
On October 15, Ripple Prime introduced perpetual swap trading for more than 100 underlying assets using RLUSD as collateral. However, CryptoTicker noted that XRP is neither accepted as collateral nor used as a settlement asset within the system.
According to XRP Insights, RLUSD’s circulating supply has reached approximately $2.43 billion. Nevertheless, RLUSD’s growth does not directly require users to purchase XRP.
Why is XRP down today? Developments that moved the price this weekAccording to CryptoTicker, XRP started the week around $1.33. It fell to $1.2827 on October 15 before staging a recovery.
XRP Insights data shows that the cryptocurrency ended the October 9–16 reporting period at $1.30, representing a decline of 6.5%.
Compared with its late-September weekly peak of approximately $1.66, XRP has now surrendered roughly one-fifth of its previous rally.
Meanwhile, shares of Evernorth, trading under the ticker XRPN, fell approximately 9.6% to $15.45 during the week ending October 16.
FinanceFeeds emphasized that the decline in the company’s share price does not, by itself, indicate that Evernorth sold any XRP.
XRP price today: Key support and resistance levels to watchDownside levels: According to 24/7 Wall St., XRP fell as low as $1.28 on October 15. A closing price below this level could open the door to a return toward the trading range seen in August.
XRP ended the week of August 16 at $0.99. FinanceFeeds identifies $1.24, near the lower Bollinger Band, as an additional reference level in a bearish scenario.
Upside levels: FXStreet places XRP’s 100-day moving average at $1.34, while its 50-day and 200-day moving averages are near $1.38. A significant technical resistance area lies around $1.40.
FinanceFeeds identifies $1.38, corresponding to the 200-period moving average on the weekly chart, as an important reference level for a bullish scenario.
Higher resistance levels: 24/7 Wall St. highlights previous closing levels at $1.42 and $1.49. According to FXStreet, the SuperTrend indicator currently stands near $1.47.
These levels are technical reference points, not guaranteed price targets or forecasts. XRP can move beyond them in either direction.
XRP price prediction: Can XRP return to $1.50 before the end of 2026?In its October 18 analysis, 24/7 Wall St. outlined two potential scenarios rather than providing a definitive price target.
Under the first scenario, if XRP closes above $1.42 and spot ETFs record another week of net inflows, the $1.50 level could come within reach.
In the second scenario, a close below $1.28 could lead to another decline toward the August trading range near $0.99.
The publication concluded that XRP appears increasingly unlikely to close above $1.50 before December 31.
However, all XRP price predictions for the end of 2026 depend on specific market conditions. Ripple’s upcoming escrow releases, ETF fund flows, and Bitcoin’s price movements remain among the most important variables determining which scenario may unfold.
XRP vs. Bitcoin: Which has performed better?Bitcoin has demonstrated greater resilience than XRP in recent months.
Since August 2025, Bitcoin has declined approximately 32%, compared with a 59% drop in XRP.
ETF data also highlights this divergence. Bitcoin ETFs attracted $526.7 million on Monday, while XRP ETFs recorded their first weekly outflow in 14 weeks.
Bitcoin is trading approximately 35% below its all-time high. XRP, meanwhile, remains around 64% below its own record.
Although XRP declined alongside Bitcoin, it has not recovered to the same extent during Bitcoin’s rebounds. This divergence is consistent with Bitcoin’s elevated market dominance.
Nevertheless, the performance gap between the two cryptocurrencies could change over time. XRP has also experienced periods when it outperformed Bitcoin.
Is XRP a good investment right now?The answer depends on your investment objectives and how much risk you are prepared to accept.
XRP supporters point to approximately $1.8 billion in cumulative ETF inflows, the growth of RLUSD on the XRP Ledger, and Ripple’s institutional partnerships as positive developments.
Critics, including analysts quoted by CoinDesk, focus on different concerns. These include XRP’s growing circulating supply, relatively limited ETF demand compared with Bitcoin and Ether, and the lack of sustained buying interest despite positive developments involving Ripple.
According to 24/7 Wall St., XRP has declined approximately 29% since the beginning of the year.
Neither side can predict the market’s next move with certainty. Any XRP position should therefore be treated as a high-risk investment.
Frequently asked questionsWhy is XRP going down?The main factors reported this week include the first weekly outflow from spot XRP ETFs in 14 weeks, the upcoming release of up to 1 billion XRP from Ripple’s escrow accounts on November 1, circulating supply growth that has outpaced market value, and weakness in Bitcoin and the broader macroeconomic environment.
Why is XRP down today?XRP is trading near $1.30, with losses ranging from 6.5% to 8.7% over the past week, depending on the data provider. Slowing ETF purchases and Bitcoin’s decline toward $81,000 have contributed to the downward pressure.
What will happen to XRP on November 1?Up to 1 billion XRP will become eligible for release from Ripple’s escrow accounts at 00:00 UTC. Historically, Ripple has re-locked approximately 70% of released tokens, meaning the net amount added to circulation has been considerably smaller.
Is XRP a good investment right now?XRP remains a high-risk investment. Supporters highlight ETF inflows over the past year and the expansion of RLUSD, while critics point to growing supply and subdued demand. Investors should only commit amounts they can afford to lose entirely.
What is MemeToro ($MT)?MemeToro is an early-stage, open-source, AI-powered meme coin launchpad being developed on BNB Chain. $MT is the platform’s utility token.
Stage 9 of the presale is priced at $0.00649, and purchased tokens are delivered directly to buyers’ wallets.
The project remains at an early MVP stage, and the smart contracts responsible for launching tokens have not yet undergone an independent security audit.
What is the MemeToro Stage 9 presale price?The current Stage 9 price is $0.00649 per $MT token.
Each presale stage has a specific target. Once that target is reached, the next stage begins at a higher price. Buyers should verify the current price on the official website before making a purchase.
Is the MemeToro presale legitimate?Several aspects of the project can be independently reviewed, including its publicly available source code, published token contract address, tokenomics, and three completed token audits conducted by Coinsult, SolidProof, and BlockSAFU.
However, there are also risks to consider. The development team operates under pseudonyms, and the smart contracts governing token launches have not yet undergone independent security audits.
Prospective participants should review the published audit reports before making any investment decision.
How can I participate in the MemeToro presale?Visit the official MemeToro website. You can connect a wallet on BNB Smart Chain or choose to pay by credit card.
Before confirming a purchase, verify the contract address and Stage 9 price. Purchased $MT tokens are delivered directly to your wallet.
Never purchase tokens through links sent in unsolicited messages.
Are XRP and Ripple the same thing?No. Ripple is a company, while XRP is the digital asset used on the XRP Ledger.
Although people frequently search for XRP using terms such as “Ripple coin” or “Ripple price,” the quoted market price refers to XRP, not the company.
Where to learn more about MemeToro ($MT)Official website: https://memetoro.com/GitHub: https://github.com/MemeToro/memetoroTokenomics: https://memetoro.com/tokenomicsX: https://x.com/memetoro_mtTelegram: https://t.me/memetoro_mtYouTube: https://www.youtube.com/watch?v=gY0jgWy_DtA
Ripple spustil stablecoin RLUSD na regulované turecké platformě Inveo Kripto. Maloobchodní i institucionální investoři jej mohou obchodovat, držet a využívat k platbám.
Ripple has launched its RLUSD stablecoin on Inveo Kripto, a regulated crypto asset platform in Türkiye, making the token available to retail and institutional investors in the country for the first time.
Partnership brings RLUSD to Turkish usersInveo Kripto, a major bank-custodied crypto asset platform based in Türkiye, announced its collaboration with Ripple to list RLUSD on its trading platform. This partnership enables Turkish customers to trade, hold, and transact RLUSD, Ripple’s US dollar-pegged stablecoin, through a variety of channels.
The launch follows Ripple’s recent efforts to expand the reach of RLUSD internationally, building on a series of global partnerships. With this move, Turkish investors gain access to RLUSD on Inveo Kripto’s mobile application, web platform, and over-the-counter (OTC) services.
RLUSD’s integration into a bank-custodied environment may introduce additional safeguards for users, aligning with regulatory expectations for digital assets in the country.
Mini dictionary: Inveo Kripto is a bank-custodied cryptocurrency trading platform regulated in Türkiye, known for offering digital asset management and secure trading solutions to both retail and institutional investors.
Expanded access for retail and institutional investorsBoth individual and institutional investors in Türkiye now have the ability to access RLUSD liquidity. Inveo Kripto has confirmed that RLUSD trading is live across its digital channels, including its mobile and web platforms, as well as through OTC services for larger transactions and institutional clients.
Ripple stated that the integration was completed successfully, and the first RLUSD transaction has already been executed on Inveo Kripto. This development broadens the availability of Ripple’s stablecoin in the country and may encourage increased market activity around RLUSD.
Following the integration, Inveo Kripto stated that RLUSD is now available for trading through its mobile app, website, and OTC desk, enabling broader access for a range of investors.
The company emphasized that having RLUSD available through a bank-custodied platform could improve trading efficiency, payment services, and digital asset settlement for Turkish users.
PlatformAccess ChannelsTarget UsersInveo KriptoMobile app, web platform, OTCRetail and institutional investorsPotential for increased stablecoin adoptionMarket participants in Türkiye can now trade, settle, and make payments using RLUSD, potentially fostering greater adoption of the stablecoin in both retail and institutional segments. The introduction of RLUSD on a regulated, bank-backed platform may further encourage confidence among users seeking digital dollar exposure in the Turkish market.
The expansion of RLUSD’s reach could also contribute to its recognition and competitiveness among other stablecoins available in the region.
The broader rollout of RLUSD through an established Turkish platform could drive higher trading volumes and boost the stablecoin’s position in local markets.
NEAR Protocol přidal XRP na near.com. Uživatelé mohou vkládat XRP z XRP Ledgeru, směňovat je a provádět platby s důvěrnými transakcemi aktivovanými ve výchozím nastavení.
NEAR Protocol has added XRP to near.com, letting users deposit from the XRP Ledger, swap and pay with confidential transactions powered by NEAR Intents.
XRP is now available on near.com, the all-in-one crypto app from @NEARProtocol, with confidential transactions enabled by default. Users can deposit $XRP directly from the XRP Ledger, swap it for other assets and use it to make payments.
What the XRP integration offersThe listing means XRP holders can move funds into the app without first converting to another asset. Once inside, they can swap XRP for other tokens or spend it, all from a single interface.
Privacy is the main selling point. @XRP transactions on near.com are confidential by default, which keeps sender addresses, amounts and routing off public $NEAR explorers. A recipient receives the funds without seeing the sender's address or wallet history. Routing is handled by @near_intents, NEAR's system for swapping assets across chains.
The feature builds on NEAR's wider privacy push. CoinDesk reported that near.com launched in February as a super app, with a confidential mode that keeps balances, transfers and trading activity private within the network's security framework. NEAR co-founder Illia Polosukhin said at the time that onchain transparency is not realistic for day-to-day use.
How confidential execution worksAccording to NEAR's own documentation on Confidential Intents, transactions run on a NEAR private shard, a dedicated execution environment operated by a decentralized set of independent, permissioned validators. It connects to NEAR mainnet through a bridge based on trusted execution environments (TEEs). When a user goes confidential on near.com, deposits, transfers and swaps stay out of public view, and funds can be moved between confidential and public accounts at any time.
The design has limits. An explainer from the LeoDex exchange notes that this is confidentiality rather than anonymity, because deposits into and withdrawals out of the system remain visible on public chains.
Demand for the feature appears to be real. NEAR said in a general availability announcement that over 40% of volume across near.com used Confidential Mode within weeks of launch. That figure comes from NEAR itself and has not been independently verified.
For XRP holders, the addition offers a way to swap and pay across chains without exposing wallet history on public explorers. The XRP Ledger is also among the networks supported by NEAR's recently launched NEAR Business treasury platform, according to Crypto Briefing.
SourcesCoinDesk: NEAR launches Near.com super app
NEAR: Confidential Intents
Crypto Briefing: NEAR launches crypto treasury platform
Evernorth, veřejně obchodovaná společnost spravující treasury rezervy zaměřené na XRP, chystá blíže nespecifikované oznámení na konferenci Ripple Swell 2026 v New Yorku.
Evernorth, the XRP treasury company backed by Ripple, has hinted at a special announcement at Ripple Swell 2026, taking place in New York City from October 27 to 29.
In a post on X, Evernorth said, “Something special is planned for Ripple Swell 2026,” but did not reveal any details.
The teaser comes ahead of Ripple’s annual conference, where financial institutions, payment companies, regulators, and crypto industry leaders gather to discuss blockchain and digital finance.
Evernorth Joins Ripple Swell 2026 as an Official Partner
Evernorth is an official partner of Ripple Swell 2026, alongside Ondo, RedotPay, SALT Conference, Water, the XRP Ledger Foundation, XRPL Commons, and ZILO.
The conference will take place at The Shed in Hudson Yards, New York City. This year, Ripple Swell, XRPL Apex, and UBRI Connect will be held together, bringing financial institutions, blockchain developers, and academic researchers under one roof.
Notably, Evernorth went public on Nasdaq this month under the ticker XRPN. The company focuses on holding XRP as a publicly traded treasury firm and is backed by Ripple.
Former Ripple exec Asheesh Birla is Evernorth’s CEO. Ripple CEO Brad Garlinghouse and XRP Ledger co-creator David Schwartz are among its advisors.
What Will Evernorth Announce?
Evernorth has not revealed what it plans to announce at Ripple Swell 2026. It could be a new product, a partnership, or an update to its XRP treasury operations.
Given its focus on XRP and its connection to Ripple, the announcement could involve institutional XRP investments or the wider XRP Ledger ecosystem.
As the conference approaches, Evernorth’s teaser has added to the excitement around an event focused on traditional finance, digital assets, and blockchain technology.
Something special is planned for @RippleSwell 2026. 🐻
Not investment advice or an offer of securities. Contains forward-looking statements; actual results may differ materially. Risk factors: https://t.co/nmW9NrOrGY pic.twitter.com/H97kPMKM70
— evernorthxrp (@evernorthxrp) October 19, 2026
Ripple Swell Agenda Focuses on XRP Ledger Developments
Meanwhile, Ripple Swell 2026 will cover institutional adoption, tokenization, stablecoins, digital asset management, and the future of the XRP Ledger (XRPL).
One key session, titled “Building What’s Next for XRPL,” will feature David Schwartz and Ripple engineering director Ayo Akinyele on October 28 at 4:30 p.m. ET.
The session will discuss new developments in privacy, artificial intelligence, decentralized finance, scalability, and technology for financial institutions.
Other sessions will explore how AI could automate payments, how real-world assets can be tokenized, and how financial institutions can use blockchain technology.
Ripple will also present updates on payments, stablecoins, treasury management, and the use of XRP.
Speakers from Robinhood, BNY, CME Group, Coinbase Institutional, and other financial and technology companies are also expected to attend.
XRP inflows to exchanges have hit seven-month highs as more than 6 billion tokens were deposited in the last 30 days.
Key points:
Rolling 30-day inflows to exchanges hit 6 billion XRP on Oct. 19, their highest value in seven months.The 90-day moving average of whale outflows fell to $49.7 million, its lowest levels in five years, as analysts see a lack of interest in the XRP/USDT pair.The realized profit/loss ratio has dropped 41% in October as rangebound trading conditions return.XRP whale interest absent as exchange inflows climb: AnalysisNew research from onchain analytics platform CryptoQuant reveals that on a rolling 30-day basis, XRP exchange inflows are at their highest since March.
In the 30 days to Oct. 19, inflows totaled 6.05 billion XRP and have doubled since mid-August. During this time, XRP/USD increased from around $1 to a maximum of $1.70 before correcting to the current levels around $1.30.
“The rise in total inflows to more than 6 billion XRP, reaching a seven-month high, signals a clear shift in asset movement toward exchanges. This could reflect increased trading activity and liquidity on these platforms, or a rise in the movement of XRP between wallets and exchanges,” CryptoQuant commented.
Further analysis covering exchange withdrawals from whales shows that XRP is “attracting less and less attention.” CryptoQuant suggests that large-volume investors may be waiting for more advantageous prices before increasing exposure.
The 90-day moving average of whale outflows hit a high of $3.5 billion in February 2025, shortly after XRP’s all-time high at $3.40. Since then, whale outflows are down 98.6% and the 90-day moving average currently stands at $49.7 million. This is its lowest value since October 2021.
“From a long-term perspective, this suggests XRP could lack buying volume without whale support,” CryptoQuant commented while acknowledging XRP’s “notable resilience” during the 2026 crypto bear market.
Bitcoin rangebound price action eases profit-takingOnchain data confirms that Bitcoin investors also stepped back in October as BTC/USD traded within a range between $80,000 and $87,000.
In its latest Market Pulse bulletin released on Monday, crypto analytics platform Glassnode reported reduced profit-taking across the Bitcoin investor base. The realized profit/loss ratio dropped from 0.8 to 0.4, a decrease of 50%, over the past week.
“This contrast demonstrates that profit realized activity cooled relative to loss realization onchain, highlighting a transition toward more subdued sentiment and diminished aggressive spending by market participants,” Glassnode summarized.
Bitcoin realized profit/loss ratio (screenshot). Source: Glassnode
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As XRP's official X account went live, Ripple President Monica Long shared a message celebrating the people who built around XRP before its broader potential became obvious.
Engaging with the XRP official account's post, Long wrote on X: "The best part has been watching people build on something before it was obvious. Welcome @xrp!" Long added, celebrating the latest social media milestone while highlighting the importance of early builders who continued developing around the digital asset before it attracted wider recognition.
The best part has been watching people build on something before it was obvious.
Welcome @xrp!
HOT Stories
— Monica Long (@MonicaLongSF) October 19, 2026
Long's comments pointed to the role developers, builders, and community members play in growing the XRP ecosystem. The cryptocurrency has 8,247,694 addresses, a sign of the ecosystem's growth, according to XRP Scan.
On October 19, 2026 in a historic milestone, XRP's official X account went live under the @XRP handle after more than a decade, drawing enthusiastic reactions from Ripple executives and the wider XRP community. This marks more than 14 years after the XRP Ledger was initially launched.
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In 2011, three engineers—David Schwartz, Jed McCaleb, and Arthur Britto—began developing the XRP Ledger (XRPL), which later launched for the first time in June 2012.
The official XRP account posted its first message on X on October 19, a short logo video with the words "hello, world. It's about time." The post passed 260,000 views in about an hour and has surpassed 4 million views in less than 24 hours.
"This one has been a long time coming," Ripple CEO Brad Garlinghouse said in reaction to the debut of the official XRP X account.
Warning issued amid XRP buzzIn an earlier post, Hussein Zangana (Vet) hinted at many great announcements lately from big companies and institutions around XRP and the XRP Ledger. "I think this will probably accelerate in the coming weeks," he added.
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In this regard, Vet urged the XRP community to be cautious of scammers using vanity addresses and tokens to sell to them in exchange for real XRP/RLUSD.
Users are urged to treat everything offered, or that they see on explorers, as suspicious by default. They can only know if an XRP account or asset is legitimate if the institution or company discloses it on their official press sites; in other words, they should verify all information from official sources.
XRP withdrawals below 10,000 tokens surged 6.6-fold on Binance, while reserves across three major exchanges increased by 120 million.
XRP withdrawal activity on Binance has changed quite a bit over the past few weeks. Between September 30 and October 20, withdrawals below 10,000 XRP grew from just 3% to 19.7% of total outflow value.
This figure represents a 6.6-fold increase and the highest level since October 2024.
A Shift in XRP Exchange Activity
At the other end, transfers above 1 million XRP lost ground. Their share of Binance outflows fell from 60% to 38.6%, according to CryptoQuant. Transfers between 100,000 and 1 million XRP moved in the opposite direction, as the figures rose from around 24% to 27%. Even with that shift, larger transfers still make up most of the activity.
Outflows above 100,000 units accounted for 65.7% of Binance’s total XRP outflow value. Coinbase also saw a sharp drop in its largest withdrawal category. The share of outflows involving more than 1 million units fell from 43% on September 30 to 12.5% on October 20, which is a 70.9% decline in relative terms.
But the change in withdrawal sizes is only part of the picture. XRP reserves have also been rising across three major exchanges. Between October 5 and October 20, Binance holdings increased from 2.60 billion to 2.66 billion. Upbit reserves climbed from 6.41 billion to 6.45 billion, while Bithumb went from 1.82 billion to 1.84 billion XRP.
The three exchanges added 120 million XRP, bringing their combined reserves to 10.95 billion tokens from 10.83 billion. Binance accounted for half of the increase.
“Together, the figures highlight a shift in the relative shares of smaller versus larger XRP withdrawals, alongside a renewed increase in exchange reserves. October 20 readings remain subject to final daily confirmation.”
Analysts Hold On to Bullish Bets
XRP has lost more than 5% in the last seven days amid broader market turbulence. Spot ETFs providing exposure to the crypto asset are also feeling the heat. The funds recorded zero net flows on Monday after ending the previous week with $1.84 million in withdrawals.
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Ripple and XRP Weekly Wrap: Institutional Wins, Nasdaq Debut, and Price Struggles
XRP Flashes Multiple Buy Signals Even as Struggle Near $1.30 Continues
Important Ripple News and XRP Price Update: October 15
Not everyone has given up on XRP. Vincent Van Code is seeing the market turbulence differently. He believes the past week’s sell-offs were part of a wider crypto shakeout that pushed weaker investors out. According to him, long positions were wiped out, short sellers jumped in, and those bets were then liquidated too. He expects fresh all-time highs across the market in the coming weeks, followed by a slower, steadier bull run.
Another analyst, EGRAG CRYPTO, is also sticking to his bullish outlook and said that the token could reach $7 to $9 at the cycle top, well above its 2025 peak of $3.65.
XRP whale outflows on Binance have fallen to their lowest levels since October 2021, showing that large holders have become much less active.
XRP Whale Outflows Reach 5-Year Low Notably, the 90-day moving average (90-dma) of XRP whale outflows now stands at $49.7 million, far below the levels recorded during the previous market rally.
In February 2025, when XRP traded near its cycle peak of around $3.30, the same metric reached $3.5 billion. Daily outflow spikes also regularly exceeded $10 billion, as large investors moved significant amounts of XRP away from Binance.
These withdrawals confirmed that XRP witnessed strong accumulation as whales transferred their tokens to private wallets. Since February 2025, however, whale outflows have declined steadily.
XRP whale outflows on Binance drop to levels last seen in 2021 The 90-day moving average has dropped from $3.5 billion to $49.7 million, returning to levels last seen in October 2021. This period coincided with the peak of the previous Bitcoin market cycle, when institutional interest began to weaken, and large investors pulled back from aggressive market positions.
This comparison raises questions about XRP’s current position in the market. Although past trends do not guarantee similar outcomes, the latest reading shows that large holders are far less active than they were during the previous rally.
Why Lower XRP Whale Outflows Matter for Price Action Whale outflows from exchanges such as Binance often indicate accumulation. Large holders withdraw their tokens into private wallets, reducing the amount of XRP available for immediate sale on exchanges.
When these withdrawals fall considerably, it may mean whales have slowed their buying activity and are waiting for better prices before committing more money.
XRP’s relative strength during the current bear market may help explain this change. During the previous downturns in 2022 and 2023, sharp price drops created deeper discounts that attracted large investors looking to build substantial positions.
This cycle has not offered the same opportunity, as XRP has held up better than several other cryptocurrencies. The resilience may have made it harder for whales to find a price that justifies large purchases.
Instead of accumulating XRP aggressively at current levels, large investors may be waiting for lower prices or better signs that the market is recovering.
The decline in whale outflows does not prove that large holders have stopped buying altogether. However, the drop in the 90-day average from $3.5 billion in February 2025 to $49.7 million in October 2026 shows how much their withdrawal activity has slowed.
XRP Price Decline Adds to Selling Pressure Currently, XRP trades at around $1.30, down approximately 61% from its cycle peak. The token has also fallen about 4.81% over the past seven days amid continued pressure on its price.
The lack of strong buying from whales could make a sustained recovery more difficult. Without greater demand from large investors, XRP may struggle to overcome selling pressure and maintain an upward move.
Meanwhile, on-chain data shows another challenge, confirming that approximately 60% of the circulating XRP supply has a realized price of around $1.48.
This means a large portion of circulating XRP last changed hands at prices above the current market level. If the price climbs toward $1.48, some holders may sell to recover their initial investment. This could create additional resistance.
Could Low Whale Outflows Signal a Market Turnaround? Despite the current weakness, history shows there’s room for a possible recovery. Markets sometimes turn around after trading activity and investor interest fall to very low levels. As selling pressure eases, new buyers can begin to influence prices even before market sentiment improves.
For XRP, the question is whether the sharp decline in whale outflows indicates a prolonged wait for better prices or the later stages of the current market downturn. A decisive push above $1.65 alongside stronger buying activity could improve the bullish outlook. On the other hand, a break below $1.27 could expose XRP to further losses.
NCA vedená právníkem společnosti Ripple Stuartem Alderotym navrhla americkému ministerstvu financí zavést ochrannou lhůtu pro držitele stablecoinů po ztrátě licence emitenta, aby je mohli odkoupit či převést.
The National Cryptocurrency Association (NCA) has submitted a formal comment letter to the U.S. Treasury regarding Section 3 rules of the GENIUS Act, marking a significant step in clarifying stablecoin regulation.
Industry’s framework for stablecoin regulationStuart Alderoty, NCA President and Chief Legal Officer at Ripple, signed the document, confirming industry support for a one-hundred-percent reserve requirement for stablecoins. However, he emphasized the need for a practical approach to shield retail users from potential risks associated with regulatory changes.
Alderoty addressed the need to protect Americans from being “stranded holding stablecoins if regulations change.” The NCA proposes a safe-harbor mechanism: a designated period following any issuer’s license revocation or missed compliance deadline—such as the July 18, 2028 date—allowing users to redeem, sell, or convert their stablecoins without incurring losses. This measure aims to provide exchanges with the ability to assist users technically without facing accusations of unlawful trading during this window.
Retail holders must have a temporary window to redeem or convert their stablecoins if an issuer’s license lapses, ensuring they are not left vulnerable during regulatory transitions.
The comment letter also emphasizes the importance of clear legal pathways for recovering stolen assets. The NCA advocates permitting the reissuance of payment stablecoins, under a lawful court order, to replace those lost through theft or accidental transfers. This action would fall under the “except as required by a lawful order” clause, according to the association.
Mini dictionary: National Cryptocurrency Association (NCA), a U.S.-based industry group representing crypto sector interests in regulatory matters.
New boundaries for wallets and self-custodyThe NCA further outlined boundaries distinguishing custodial professionals from software developers. Under its proposal, providers of non-custodial wallets and simple balance-display interfaces that do not control private keys should not be classified as intermediaries or sellers by regulatory bodies.
Any transactions conducted directly between individual users or within their personal wallets should remain outside agency restrictions, maintaining the right to self-custody and peer-to-peer transfers.
Service TypeNCA Proposed ClassificationRegulatory ImpactCustodial wallet providersIntermediary/SellerSubject to agency rulesNon-custodial wallet softwareDeveloper/Interface onlyOutside agency restrictionsThe association recommends that direct peer-to-peer (P2P) transfers, internal account moves, and activity restricted to self-managed wallets be protected from federal intervention, preserving users’ fundamental rights in cryptocurrency management.
Implications for the retail marketBy submitting these recommendations, the NCA seeks to shift industry-regulator dialogue toward pragmatic solutions and clear separation of technological responsibilities. The association’s approach aims to define technology’s role while balancing regulatory objectives with market stability.
Market observers note that with this filing, industry leaders have effectively placed the onus for ensuring retail market stability on the Treasury Department. The agency will now determine the final strictness of stablecoin regulations in the coming months.
Bybit spustil 4. fázi programu RLUSD Hold & Earn s odměnami až 3,75 % APR v RLUSD a fondem ve výši 1,3 milionu XRP; pár RLUSD/USDT zůstává bez poplatků.
, /PRNewswire/ -- Bybit, the New Financial Platform trusted by more than 80 million users worldwide, is pleased to announce Phase 4 of its exclusive RLUSD Hold & Earn program, continuing its dual-token rewards extravaganza powered by Ripple on Bybit, boasting 1.3 million XRP in prizes in the latest round.
Bybit Renews RLUSD Hold & Earn Phase 4 with 1.3 Million XRP Rewards and Zero Fee From now until Nov 18, 2026, eligible Bybit users can hold RLUSD in their accounts and earn daily rewards in both RLUSD and XRP. Optimizing returns and convenience, no staking, lock-up, or subscription is required. The RLUSD/USDT pair on Bybit Spot also continues to offer 0% maker and taker fees throughout the phase.
Highlights - Phase 4
Dual Rewards: Participants earn RLUSD at a base APR of up to 3.75%, alongside XRP bonus rewards drawn from a 1.3M XRP prize pool, powered by Ripple. The XRP bonus is subject to a holding-duration multiplier of up to 2x for participants who continuously hold RLUSD for 90 days or more. Competitive APR: The total actual APR combines RLUSD Base APR, bonus APR from a 1.3 million XRP Prize Pool, plus XRP Base APR multiplier, offering up to 2x for 90+ days continuous holding. Zero-Fee Spot Trading: The RLUSD/USDT spot pair continues to waive both maker and taker fees. Same Simplicity: Qualified participants holding a minimum of 1 RLUSD in their Bybit account stand to earn rewards automatically. Rewards are distributed daily. RLUSD is a USD-pegged stablecoin issued by Ripple, fully collateralized by U.S. Treasury bills, USD deposits, and other cash equivalents, maintaining a stable 1:1 peg to the U.S. dollar. XRP is the native token of the XRP Ledger, co-founded by Ripple, designed for fast, low-cost cross-border payments.
Terms and conditions apply. Actual fee rates may vary by region, and users are advised to refer to the My Fee Rate page for accurate rates. For full details on the APR, multiplier, eligibility, and potential restrictions, users may visit: RLUSD Hold & Earn Phase 4 - Up to 3.75% APR on RLUSD and 1.3M XRP rewards
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A newly activated XRP wallet has received more than 82 million tokens in a single transaction, adding to the large transfers recorded on the XRP Ledger.
On-chain data shows that the wallet received 82,314,668 XRP worth more than $106 million. However, the identity of the wallet owner remains unknown, which leaves open the possibility that the funds could belong to a private investor, a large institution, or an exchange.
New XRP Wallet Receives $106 Million
On-chain records show that the XRP wallet r3p…ybc received exactly 82,314,668 XRP at 00:30 on October 20, 2026, worth more than $106 million at the time of reporting. The transfer activated the wallet, which has recorded no other transactions since receiving the funds.
XRP wallet gulps over 83 million tokens at once
Nearly 12 hours after the transfer, the wallet still held all 82.3 million XRP, with no recorded outflows. This means the tokens had not moved from the newly activated address during that period.
However, the available records do not reveal who controls the wallet and whether it belongs to an individual investor or a large institution.
The address that sent the funds, rN1…8uo, also holds a large amount of XRP. Despite transferring 82.3 million tokens to the new wallet, it retains approximately 142.7 million XRP worth $184 million at press time.
The transfer also marked the wallet’s first recorded outgoing payment since May 20, 2026. On that date, rN1…8uo sent 73 million XRP to another existing address, rpx…ZY1.
XRP Wallet Transfer History Reveals a Long-Standing Connection
Interestingly, the transaction history shows that rN1…8uo has consistently received its XRP from rpx…ZY1. This helps establish how the funds reached the newly activated wallet, although it does not reveal who owns the addresses.
Records show that rpx…ZY1 activated rN1…8uo in November 2025, sending it 10 XRP to open the account. Ten days later, the same address transferred 73 million XRP to the newly activated wallet. It followed that transfer with another 59.6 million XRP on Dec. 4, 2025, and then sent 73.9 million XRP on Dec. 12, 2025.
The pattern continued into 2026, with most transfers involving around 73 million XRP each. The latest transaction followed the same pattern of whale movements, as rN1…8uo sent the 82.3 million XRP to r3p…ybc from its existing balance.
These repeated transfers show that large XRP balances have moved between the connected wallets over several months.
Binance Connection
Tracing the transactions has not revealed the identity of the person or institution behind the wallets. However, the trail points toward Binance, as the address rpx…ZY1 was activated by a wallet linked to the exchange.
This connection leaves two possible explanations. An individual XRP whale may be using Binance to manage the funds, or Binance itself may have carried out the transfers. If the exchange controls the wallets, the movement could be part of an internal fund-rebalancing exercise, not a purchase by an outside investor.
Neither explanation has been confirmed. A wallet’s connection to an exchange does not necessarily mean the exchange owns the funds. Similarly, moving XRP between addresses does not automatically indicate buying or selling.
Latest Transfer Follows Earlier Large XRP Movements
The transaction also fits a trend discussed in an earlier report, which highlighted large XRP transfers that moved tokens away from exchanges.
Specifically, on Sept. 11, transactions involving at least 1 million XRP moved tokens worth approximately $165 million. This was the highest intraday total recorded since late February 2026. The latest transfer adds to the record of large XRP movements.
Vývojáři XRP Ledger před spuštěním opravují protokol LendingProtocol prostřednictvím dodatku LendingProtocolV1_1. Aktivace vyžaduje podporu alespoň 80 % důvěryhodných validátorů po dobu dvou týdnů.
In brief
XRP Ledger developers are patching its new lending protocol before it goes live, adding a follow-up amendment to fix the original LendingProtocol code while it’s still in the network’s voting queue.
The protocol enables on-chain, fixed-term, uncollateralized loans using pooled funds and “first-loss capital” to absorb defaults, relying on off-chain underwriting rather than automated collateral; amendments need 80% validator support over two weeks to activate.
The pre-launch fix follows a recent near-miss when developers patched a dormant payment-engine bug that could have minted counterfeit XRP.
The XRP Ledger is patching its new lending feature before a single loan has been written on it, adding a second code amendment to repair the system while it waits in the network’s approval queue.
The ledger’s lending protocol, a DeFi building block that enables on-chain, fixed-term, uncollateralized loans drawn from pooled funds, was introduced through an amendment called LendingProtocol that is still open for validator voting.
Myriad: Where does Solana go next? Click to make your prediction.Rather than wait for that version to go live and then fix it, developers have published a follow-up, LendingProtocolV1_1, that corrects issues in the original before it ever takes effect. The documentation now lists both amendments as requirements for the feature, meaning the network would adopt the repaired version from the start.
The approach reflects how changes reach the XRP Ledger. New features and fixes ship as amendments that must earn support from at least 80% of trusted validators over a two-week period before activating.
Because the original lending code hasn’t cleared that bar yet, patching it with a second amendment avoids launching a known-flawed system onto the live network, then scrambling to repair it afterward.
The protocol itself is built for institutional-style credit rather than the collateral-and-liquidation model common in DeFi. It relies on off-chain underwriting to vet borrowers and uses “first-loss capital,” a buffer a loan broker puts up to absorb the initial hit from defaults, in place of automated on-chain collateral. Issuers retain compliance tools, including the ability to freeze accounts or claw back funds.
The caution follows a close call elsewhere in the ledger’s code. Developers recently disclosed and fixed a critical bug in the XRP Ledger’s payment engine that could have let an attacker mint counterfeit XRP, a flaw that sat dormant for roughly a decade before a researcher flagged it. Fixing the lending code pre-launch fits a more cautious posture around new functionality.
The lending feature is part of a broader buildout of credit and DeFi capabilities on the XRP Ledger, which has been adding the financial-market plumbing Ripple and others have long said it lacked.
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XRP faced renewed selling pressure despite Ripple Prime’s reported entry into the Depository Trust & Clearing Corporation’s (DTCC) tokenization initiative, with the token declining 0.24% to $1.3040 over the past 24 hours. The recent announcement has not spurred a price rally, leaving traders focused on critical technical levels and market reaction.
Ripple Prime’s DTCC Participation Under ScrutinyA post from analyst Amonyx called attention to Ripple Prime, a division of Ripple Labs specializing in institutional solutions, joining the DTCC’s new asset tokenization initiative. The DTCC, the leading US post-trade financial services company, reportedly manages $114 trillion in assets under custody.
However, the details released so far do not indicate that XRP itself will be used directly in the tokenization process. Market observers noted that while Ripple’s involvement in the project highlights its institutional growth, speculation over XRP’s role remains unresolved.
Ripple’s participation in the DTCC’s tokenization initiative has drawn attention to institutional adoption, but the announcement does not confirm direct integration of XRP in the project, leaving investors watching for further clarity.
Amonyx emphasized the scale of the DTCC initiative, underlining the significance for $XRP, but acknowledged that excitement remains contingent on whether the program creates tangible utility for the token.
Mini dictionary: DTCC – The Depository Trust & Clearing Corporation is the central infrastructure provider for clearing, settlement, and information services for US financial markets. It is widely regarded as a backbone of the traditional securities industry, handling trillions of dollars in daily transactions.
Technical Levels: Key Support and ResistanceFollowing a September rally, XRP has lost momentum, falling below the 50-day moving average at $1.4144 and trading near its 200-day moving average at $1.2800. Technical analysts pointed out that the 200-day line is now a crucial support level. A sustained hold above it could stabilize the price; however, a further decline would likely increase downside risk.
Resistance sits at $1.4144 and a stronger barrier at $1.4895. Any move above the 50-day average may shift momentum toward the bullish side, while remaining below this level leaves the token exposed to further consolidation.
Price LevelSignificance$1.2800200-day moving average, key support$1.414450-day moving average, immediate resistance$1.4895Major resistanceDerivatives Data and Market ActivityCoinGlass derivatives data showed a decline in open interest from late September highs, moving alongside XRP’s falling price. This trend suggests a reduction in outstanding futures positions, but does not definitively signal whether the futures market is leaning bullish or bearish.
Trading volumes have also eased from previous peaks, with occasional spikes persisting. This indicates that October’s price drop has occurred without a sharp increase in trading activity compared to earlier periods.
XRP’s lower open interest and subdued volume reflect reduced speculative interest following September’s activity, leaving traders awaiting fresh catalysts.
ETF Flows: Outflows Temper SentimentAccording to data provider SoSoValue, XRP spot ETFs recorded a net outflow of $2.47 million on October 16, 2026. By that date, total net assets of these funds reached $1.47 billion, with cumulative inflows standing at $1.80 billion.
The negative daily flow signals near-term selling pressure, even as the longer-term picture remains positive due to the sum of inflows. Analysts noted these figures pertain to transactions through October 16, and do not guarantee the trend continues in subsequent days.
DateDaily Net FlowTotal Net AssetsCumulative Net InflowOctober 16, 2026-$2.47 million$1.47 billion$1.80 billionShort-Term Outlook and Next StepsXRP’s immediate prospects depend on whether buyers can defend the $1.2800 support and recover the $1.4144 resistance. The moving average convergence divergence (MACD) indicator remains negative, with the MACD line at -0.0367 below the signal line at -0.0210 and the histogram at -0.0157, sustaining a bearish momentum profile.
A recovery above the 50-day moving average could trigger renewed upward momentum toward $1.4895, while a break below the 200-day moving average would reinforce the risk of further declines.
Ripple Prime’s institutional partnership narrative has influenced market sentiment, but traders are seeking clearer evidence of direct XRP utility or investment inflows before adopting a more bullish stance. Volatility remains high, with key levels and derivative data playing a central role in the near-term XRP market outlook.
Evernorth Holdings zaregistrovala k vydání 11 499 992 akcií třídy A při uplatnění warrantů a plánuje financovat nákupy XRP do své pokladny prodejem dalších akcií.
Ripple-backed Evernorth Holdings has submitted a new prospectus for approximately 11.5 million XRPN tokens to help build its XRP treasury. The SEC filing from October lists 11,499,992 Class A common shares which can be sold upon the exercise of public warrants. Evernorth has also announced its intention to sell more shares to acquire more XRP, as part of its focus to expand the company’s treasury.
Evernorth Registers 11.5M Shares As XRPN Trades Above Exercise Price The public warrants have an expiration date of December 27, 2012 and are to be redeemed at $11.50 per XRPN share. As of Oct. 16, the prospectus price of the XRPN stock is $15.45 and the XRPN warrant $4.16, according to the SEC filing.
This means that the warrants are in the money because the stock is currently trading at above the exercise price. Depending on market conditions and terms, cash exercise might become attractive for the warrant holder.
Yet, this does not imply that 11.5 million XRPN stock shares have been released. Actual number will vary based on warrant exercises. If warrant holders exercise their cash warrants at $11.50 a share, Evernorth will receive cash proceeds.
Evernorth has registered 11,499,992 Class A shares issuable on warrant exercise at $11.50. Shares last traded at $15.45 and warrants at $4.16 (Oct 16), so the warrants are in the money.
Evernorth has stated plans to issue more shares to buy more $XRP. 💥 https://t.co/9eviNTGo7d pic.twitter.com/Kw5NE5EjXR
— Xaif Crypto (@Xaif_Crypto) October 20, 2026
The company will not receive any proceeds of the sale of shares covered by the prospectus.
More XRP Buying In Focus As Evernorth Expands Treasury Strategy The new release follows Evernorth’s recent XRP-focused strategy as it pursues it. It has announced that it intends to sell more units to help it buy more of XRP. It is viewed as a bullish news for XRP price, which is in a consolidation phase currently.
The prospectus doesn’t indicate whether the new XRP were purchased, nor does it state that proceeds generated from the exercise of warrants will be used to acquire the native XRP. However, if the warrants are exercised for cash and the company decides to use the proceeds for XRP, it would be a way to get additional capital.
Another thing in focus is the potential for share dilution with the filing. Warrant holders may exercise their warrants and receive additional shares of Evernorth, which could increase the number of XRPN stock shares outstanding.
With the increase in the total number of shares, each existing shareholder would have a smaller percentage of his or her company stock.
For XRP investors, the key question is whether Evernorth can turn future capital raising into additional XRP accumulation. The registration comes with a potential path for granting funds with a warrant, but any funds raised and purchase of XRP will be subject to future decision-making.
Michael Passalacqua, Senior Advisor and Head of the Innovation Task Force at the Commodity Futures Trading Commission (CFTC), recently outlined the agency’s efforts to establish a unified federal oversight framework for crypto exchanges. Passalacqua delivered these remarks in a video interview circulated by the crypto analyst X Finance Bull, offering insight into what potential regulatory shifts could mean for XRP holders.
Federal oversight and the CLARITY ActPassalacqua stated that the CFTC aims to introduce a single national regulatory framework, enabling crypto asset exchanges to opt into federal supervision under the agency’s oversight. The public comment period for this proposal runs until December 14, and input from stakeholders remains open.
He referenced bipartisan support for granting the CFTC regulatory authority over the crypto asset sector, pointing to the CLARITY Act as a significant milestone in these developments. The CLARITY Act seeks to clarify how digital assets are regulated at the federal level, designating clear jurisdiction for agencies such as the CFTC.
Passalacqua emphasized that “the goal of this is to provide a federal option for crypto asset exchanges to opt into a national uniform framework under the CFTC’s oversight.” He noted that bipartisan support exists for the CFTC to regulate the crypto asset industry.
Mini dictionary: CLARITY Act, proposed US legislation aiming to clarify the regulatory status of digital assets and establish a clear framework for oversight by federal agencies, notably the CFTC.
XRP’s commodity classification and regulatory contextXRP was officially classified as a digital commodity by both the US Securities and Exchange Commission (SEC) and the CFTC on March 17. This designation places XRP within the regulatory perimeter the CFTC intends to oversee under the proposed federal framework.
In October, the CFTC introduced Regulation CTX and Regulation CAM, which address areas such as exchange registration, market surveillance, customer asset protection, margin requirements, and custody. These regulations are designed to strengthen oversight surrounding digital commodities like XRP.
Institutional adoption and growing infrastructureX Finance Bull highlighted that substantial institutional infrastructure for XRP is already in place. Major entities, including Bitwise, Grayscale, Franklin Templeton, 21Shares, CME Group, Ripple Prime, and EDX Markets, maintain exposure to XRP or offer related services. This infrastructure serves as a foundation for broader institutional participation.
Between December 2025 and June 2026, Bitwise’s XRP ETF holdings increased significantly from around 131.22 million XRP to 286.84 million XRP, reflecting elevated institutional demand. CME Group currently supports both standard XRP futures and Micro XRP futures, alongside options contracts. Ripple Prime facilitates institutional access to XRP and RLUSD trading, derivatives, financing, and liquidity services.
Mini dictionary: CME Group, a global markets company offering trading in various asset classes including cryptocurrency futures and options.
InstitutionXRP ServicesRecent ActivityBitwiseXRP ETFHoldings rose to 286.84 million XRP (June 2026)CME GroupXRP futures, micro futures, optionsOffers XRP derivativesRipple PrimeSpot, derivatives, liquidity for institutionsSupports XRP and RLUSD tradingGrayscale, Franklin Templeton, 21Shares, EDX MarketsXRP exposure & servicesActive in XRP ecosystemProjected demand and institutional momentumLooking ahead, X Finance Bull projected a surge in potential institutional demand for XRP as regulatory clarity advances. If 100 institutions allocate $25 million each to XRP, acquisition demand would total $2.5 billion. Doubling both the number of institutions and allocation size to 200 and $50 million each would increase demand to $10 billion.
He described current US regulatory steps as building the necessary “rails” to streamline XRP’s institutional trading, hedging, financing, and custody. The ongoing CFTC public comment period will conclude December 14, with impending regulatory changes expected to further shape XRP’s institutional landscape.
Šéf společnosti Ripple Brad Garlinghouse uvedl, že XRP získalo právní jasnost díky verdiktu z roku 2023, podle něhož XRP samo o sobě není cenným papírem.
Ripple CEO Brad Garlinghouse has admitted that the collapse of the CLARITY Act hurt. He also says XRP no longer needs Congress to settle the question that hung over it for years.
Speaking during celebrations for Evernorth’s Nasdaq listing, Garlinghouse said the bill’s failure “definitely stung.” He added that he had personally put a lot of energy into getting the crypto market structure bill through Congress.
“We Have Clarity”
Garlinghouse said XRP holders are in a stronger position than the failed vote suggests. He pointed to the outcome of Ripple’s long court battle with the SEC, saying the federal judge wrote in her opinion that “XRP is not a security.”
“So, we have clarity,” he said.
That ruling came from Judge Analisa Torres in July 2023. She found that XRP is not a security by itself and that Ripple’s sales of XRP on public exchanges were not securities offerings. She also ruled, however, that Ripple’s direct sales of XRP to institutional investors did count as unregistered securities sales.
Regulators Are Filling The Gap
The CLARITY Act failed a Senate cloture vote 49 to 50 on September 15. Garlinghouse said the SEC and CFTC have stepped into rulemaking to cover what the bill was meant to do. He said there are also lessons to learn from what went wrong in Congress.
Can A Future Regulator Undo It?
Garlinghouse acknowledged that a future SEC or CFTC chair could take a harsher stance on crypto. He said that is possible, but argued that years of progress cannot simply be rolled back.
When the interviewer described it as being unable to “put the genie back in the bottle,” Garlinghouse agreed.
Why It Matters For XRP
Without a law from Congress, crypto’s rules now come mostly from regulators and courts. Rules made by agencies can be changed by future leadership more easily than an act of Congress. For XRP specifically, Garlinghouse is relying on the 2023 court ruling as the foundation for its legal status.
Story Ends Here
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Ripple [XRP] is trading around the $1.30 level, with the altcoin only up by a percent in the past 24 hours. The sentiment is down around 6% even though the number of mentions and engagements was substantial, at around 100.83K.
Despite the slowness in the price of XRP, what happened overnight proved there could be something beneath.
Transaction volume explodes as South Korean traders dominate
As per sentiment data, XRP Ledger transaction volume exploded from around $832 million to $49.66 billion. Over the past week, volume was ranging below the $1 billion mark. This was more than a 50x increase in just a few hours.
This surge in the total dollar value of coins transferred on-chain coincided with a rebound from $1.25. The massive change in volume could mark the bottom for XRP even though it was yet to be confirmed.
Source: Ali Charts/X
Of this volume, most of the exchange transactions came from South Korean traders. Even with the general market looking ugly, XRP/KRW was the top spot pair by volume, beating Bitcoin [BTC].
As per CoinMarketCap, the pair accounted for 10.18% of the total, which is equivalent to $55 million, while BTC was at 7.82% with $42 million. This showed Asian traders were buying XRP over BTC as the price jumped from $1.25 to $1.30.
Will XRP call Options push prices up?
Further analysis of the Options data indicated that buyers were dominating activity. As per data from Deribit, calls were double the number of puts, that is, at 31,327 against 16,628.
The notional Open Interest (OI) was $62.30 million for a Put/Call Ratio of 0.53. The largest notional value of XRP was worth $4.22 million, placing the $2 target area into focus.
Source: Deribit
While Options positioning leans bullish, buyers are beginning to appear in the most important areas. These bulls are defending the $1.25 support zone once again despite selling pressure from whales.
It bounced off the $1.25 demand area but faces rejection at $1.30. The altcoin needs to stay above this level with the Money Flow Index (MFI) in support. The MFI rallied from oversold territory to 49.
Additionally, the Bull Bear Power (BBP) also flipped green, though the momentum was still fresh. Now, the altcoin has had the longest streak of green 4-hour sessions since the 12th of October.
Source: XRP/USDT on TradingView
Therefore, XRP appeared to be headed toward $1.40, and the building momentum suggests a move toward $1.50. Otherwise, the altcoin may fall back to $1 if the support zone is lost.
Final Summary
XRP Ledger transaction volume exploded from $832 million to $49.66 billion over the night.
XRP call Options are double puts, which set up the altcoin to reclaim $1.40 or higher if $1.25 can hold.
XRP Ledger za šest měsíců zaznamenal čistý příliv 1,9 miliardy USD do tokenizovaných aktiv reálného světa, bez započtení stablecoinů, což je druhá nejvyšší hodnota mezi sledovanými sítěmi.
The XRP Ledger (XRPL) has recorded $1.9 billion in net real-world asset (RWA) inflows over the past six months, ranking second among tracked blockchain networks.
XRP Ranks Second in RWA Netflows Data from RWA.xyz, a leading provider of RWA analytics data, shows that BNB Chain leads with $2.2 billion in net inflows, followed by XRPL. Solana ranks third with $1.6 billion, while Stellar comes fourth with $1.5 billion.
Meanwhile, Avalanche recorded $637 million in positive net flows, while Base, Monad, and Robinhood attracted $210 million, $200 million, and $199 million, respectively. These figures exclude stablecoin flows and show changes in other tokenized real-world assets.
XRP Ledger has recorded nearly $2 billion in RWA netflows in 6 months The rankings change when stablecoins are included. Notably, TRON takes the top spot with $7.8 billion in six-month net flows, followed by HyperEVM with $5.0 billion and Solana with $2.6 billion. XRPL ranks fourth with $2.5 billion in net inflows under this broader measure.
The increased figure confirms the role of Ripple’s RLUSD stablecoin in the network’s growing tokenized asset market. BNB Chain and Stellar each recorded $1.7 billion in stablecoin-inclusive net inflows, while Robinhood followed with $1.2 billion.
Ethereum Leads All Networks in RWA Outflows Ethereum recorded $2.7 billion in net RWA outflows over the same six-month period, the largest decline among blockchain networks in the dataset that excludes stablecoin flows.
XRPL RWA netflows including stablecoins Plume was the only other network with negative net flows under this measure, recording $223 million in outflows. While most of the tracked networks attracted more capital than they lost, Ethereum and Plume moved in the opposite direction.
Including stablecoins widened Ethereum’s losses. Its net outflows reached $22.3 billion over six months, exceeding the figures recorded by other networks in the analysis. Arbitrum also posted negative net flows, with $3.0 billion in outflows, while Polygon recorded $619 million.
This confirms that substantial net capital left Ethereum’s combined tokenized asset and stablecoin ecosystem during the period. However, the data alone does not show that investors have permanently abandoned Ethereum or confirm that all the capital moved to other blockchains.
XRPL Sees Rapid RWA Growth in 2026 The XRP Ledger reached several important milestones in 2026 as its tokenized asset market expanded. The network started the year with $518 million in distributed RWA value. By the end of the first quarter, the figure had climbed to $2.25 billion, marking a 124% increase from the previous quarter.
Growth continued in May, when XRPL’s tokenized real-world assets surpassed $3.53 billion, setting a new all-time high. The combined value of its RWAs and stablecoins also exceeded $5.37 billion.
XRPL reached $400 million in tokenized value in just 14.9 months, while Ethereum took 36 months to reach the same level. While this shows the faster pace at which XRPL reached its early milestone, it does not guarantee that the network will maintain the same growth rate.
Several asset types have contributed to XRPL’s expansion. Justoken’s JMWH energy tokens account for $2.23 billion of the network’s total tokenized value, making them its largest single contributor.
Tokenized commodities and asset-backed credit have also expanded the range of assets available on the ledger. This has helped broaden XRPL’s RWA market, but the large share held by JMWH means that one asset accounts for a substantial part of the reported total.
Ripple’s RLUSD stablecoin has also grown considerably, rising from $235 million to more than $1 billion during 2026. In February 2026, Ripple announced a partnership with Aviva Investors to bring traditional fund structures onto the XRP Ledger.
Německá síť Sparkassen prostřednictvím aplikace DekaBank spustila obchodování s BTC, ETH, XRP, SOL a POL; výběry do soukromých peněženek nejsou povoleny.
Germany’s Sparkassen savings bank network launched cryptocurrency trading on Monday, allowing customers to buy Bitcoin, Ethereum, XRP, Solana, and Polygon. The service is being rolled out through DekaBank and will be launched slowly in the participating savings banks, albeit with restrictions on transfers to personal wallets.
Sparkassen Launches Five Cryptocurrencies Through Banking App Under certain conditions, the Sparkassen customers of DekaBank can trade five cryptocurrencies directly via the existing banking application. The offering is named “Krypto – powered by Deka,” and it enables trading in BTC, ETH, XRP, SOL, and POL.
The service can be used in the investment part of the Sparkasse app without the need for a separate securities account. Each transaction costs €0.99, although additional costs arise from the difference between buying and selling prices.
The launch comes after a series of initiatives by German banks to bring on-board cryptocurrency trading to existing customer accounts. DekaBank has created the Sparkassen service, and DZ Bank has backed up a separate rollout amongst Germany’s cooperative banks.
DekaBank is custodian of cryptocurrencies on its own wallet infrastructure and participates in trading arrangements with Börse Stuttgart. Users will have the ability to see their cryptocurrency assets in addition to various other monetary products and services in the current application.
DekaBank Restricts Crypto Withdrawals to Approved Providers While it is possible to buy cryptocurrencies at Sparkassen, they cannot be transferred directly to private hardware wallets. DekaBank maintains the private keys, and only specific cryptocurrency service providers are allowed to make transfers.
The agreement involves customers having to trust that DekaBank will keep their digital assets safe and handle their permitted withdrawals. However, the restrictions do not prevent users from selling their cryptocurrencies through the banking application.
The service is aimed at adult customers who make it on their own, and Sparkassen will not give investment advice on cryptocurrencies. DekaBank also cautions investors that the value of digital assets could be volatile with a potential loss of investment.
The custody is part of a broader trend across German financial institutions, including Deutsche Bank’s cryptocurrency custody plans. These services are regulated under EU laws, such as the Markets in Crypto-Assets Regulation.
Sparkassen Plans Wider Crypto Trading Rollout Into 2027 More than 230 Sparkassen institutions have expressed interest in introducing cryptocurrency trading, according to German banking representatives. Each savings bank, however, will determine on its own if and when it will provide the service.
Around 30 to 40 institutions can join monthly, said Joachim Schmalzl, an executive board member of the German Savings Banks Association. The group is targeting the first half of 2027 for the largest number of interested banks to be connected.
The first phase is limited to the participating institutions and not nationwide through Germany’s savings banking network. Before opening a cryptocurrency account, customers should therefore inquire whether their local Sparkasse has switched on the service.
The expansion comes after the banking group’s earlier stance on digital assets. Sparkassen had previously been against the retail trading of cryptocurrencies due to concerns about price volatility and losses by investors.
The group is still pushing traditional securities and savings products as a way to build up long-term wealth, even with the introduction of cryptocurrency trading.
David Schwartz ze společnosti Ripple očekává, že tokenizace a zmírnění regulačních překážek přiblíží DeFi běžným uživatelům; výrazný posun očekává v roce 2027.
David Schwartz, the CTO Emeritus of Ripple, who helped develop the XRP Ledger (XRPL) from scratch, has teased some big changes coming to the decentralized finance (DeFi) space, as it appears that a retail-friendly breakthrough is just around the corner.
David is excited about what retail DeFi is going to look like in 2027 and we're "really close" to finding out. 1) I believe retail DeFi on the XRP Ledger will be very exciting in 2027. We have a lot of tailwind building up. It's the year institutions and retail meet on the DEX. This will be no doubt the most interesting catalyst not many have on their radar imo. 2) Ripple's acquisition and customers coming on chain is a flip of the switch moment. We have heard from Monica in Korea about goals to drive more Ripple customer activity on the XRP Ledger. Think of the groundwork done so far with crucial XRPL amendments for on chain compliance (PDEX/PDomain) and soon privacy, as well stablecoin issuers and regulated trading venues. Great interview Tony, as per usual :)
— Vet (@Vet_X0) October 18, 2026 During his recent interview, Schwartz expressed his optimism regarding DeFi's future in 2027.
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"But generally, in the industry, tokenization is really kicking off, and the regulatory hurdles are really starting to fall," noted Schwartz.
The Ripple veteran then also talked about how a whole new market can be formed around blockchain finance applications.
"What does the, like, blockchain user, like, look like? What is the product that…" Schwartz asked, noting that the potential formation of the market was akin to the enormous user base that app developers have for Android or iOS.
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"That's the world that's gonna be super exciting. And we're really close," he emphasized.
Schwartz appeared to imply that the next chapter in blockchain adoption could potentially bring decentralized finance products to the general masses and not just crypto enthusiasts.
However, he refrained from mentioning any product or announcing any definitive date.
AI agents could reshape DeFiDuring the conversation, Schwartz also touched upon his idea of using AI agents for handling finance-related work for the general masses.
"And so you can imagine the world where, like, everyone's money is managed by agents. Which solves all those problems for them," he said.
The Ripple veteran then went on to wonder how DeFi would adapt to this change.
"What are you going to want from DeFi in that world? I think that's the problem that we're coming up with," noted Schwartz.
On-chain data from CryptoQuant shows XRP exchange reserves have climbed to approximately 11.81 billion XRP, a level that sits at the 99th percentile of the trailing 365 days.
For XRP investors, that combination raises a near-term question. Rising supply on exchanges increases available sell-side liquidity.
Yet the concurrent leverage reset could actually set up cleaner conditions if spot demand returns.
Supply Piles Up as Leverage Unwinds
The XRP exchange reserves surge did not arrive in isolation. Binance open interest closed at, down roughly 15.8% from earlier in the month.
Long liquidations spiked during the same stretch, clearing out leveraged longs before the reserves number peaked.
The move was flagged by analyst CryptoOnchain in an Oct 18 X post, who noted that supply is stacking on exchanges even as derivatives positioning has quietly reset.
ripple:native Exchange Reserves Reach the 99th Percentile of the Past Year as Binance Leverage Unwinds
Exchange reserves for ripple:native stood at 11.81B on October 17, the 99th percentile of the past 365 days.
Binance ripple:native open interest closed at $453.0M on October… pic.twitter.com/JFwczpVcON
— CryptoOnchain (@CryptoOnchain) October 18, 2026
CryptoOnchain’s read is direct: “Leverage has reset faster than exchange supply has.” In plain terms, derivatives traders have been shaken out. But the coins they, and others, moved to exchanges are still sitting there.
That dynamic echoes what 30-day XRP whale inflows to Binance showed just weeks ago, when large-wallet deposits hit a six-month high of 1.6 billion XRP. Supply has been building across multiple timeframes.
The contrast is worth noting. When Binance XRP reserves were falling in June, analysts called it a bullish signal as selling pressure eased.
Now the move has reversed, and XRP exchange reserves are at the opposite extreme.
XRP itself has traded in the $1.28–$1.35 range. Price softened after the September PPI came in at 6.3%, well above forecasts, adding macro headwinds on top of on-chain supply pressure.
Institutional Demand as the Potential Offset
Rising exchange reserves do not automatically confirm a sell-off. Direction over the next 5–10 sessions matters far more than the static level.
And there are structural demand factors that were not present in prior reserve peaks.
Evernorth, the Nasdaq-listed XRP treasury company with 473M XRP under management, began deploying institutional strategies in Q4 2026 alongside partners Ripple, Kraken, Coinbase, and BitGo.
That treasury is designed to absorb, not add to, exchange supply.
On the XRPL side, Ripple’s approval of the Sponsored Fees and Reserves amendment signals continued ecosystem development.
Meanwhile, Doppler’s XRP Vault crossing $125M in TVL shows on-chain yield demand is drawing coins away from exchanges and into productive use, a direct counter-force to reserve accumulation.
Spot XRP ETFs have recorded cumulative net inflows of approximately $1.8 billion, offering another demand-side anchor. But daily flow momentum has moderated recently.
The picture is not binary. Elevated XRP exchange reserves at extreme percentile levels raise the probability of volatility if coins begin moving into order books.
Watch for net flow direction on CryptoQuant’s all-exchanges metric over the next week.
A sustained draw-down from current levels, combined with stable ETF inflows and continued on-chain activity, would meaningfully shift the near-term risk picture.
Bitwise's spot XRP ETF holds more than $541 million in net assets, with cumulative net inflows of $684.73 million, according to SoSoValue data.
Bitwise's (@Bitwise) spot XRP exchange-traded fund has passed the half-billion-dollar mark in net assets. The fund, which tracks $XRP, held $541.12 million as of October 17, according to figures from the SoSoValue fund tracker reported by COINOTAG.
The same dataset puts cumulative net inflows at $684.73 million. The product gives investors a way to gain exposure to XRP price moves without buying or storing the token directly.
Largest fund in the XRP ETF sectorSoSoValue's XRP ETF dashboard lists the Bitwise fund with a 0.34% fee, according to the data provider. It trades on NYSE under the ticker XRP.
The fund is the largest of the US spot XRP products by cumulative inflows. Data cited by Coinpaper shows Franklin Templeton's fund with roughly $509 million and Canary Capital's with nearly $487 million. Those products began launching in November 2025, and total net inflows across the category reached about $1.8 billion by mid-October.
Steady inflows since launch point to continued demand for regulated XRP exposure. U.Today noted that the trend looks more like accumulated demand than a short-term event, as Digital Today reported.
What the numbers do and do not showNet assets and net inflows are different measures. Inflows reflect subscriptions minus redemptions, while net assets track the current market value of holdings, according to Coinpaper. That is why Bitwise's net assets of $541.12 million sit below its $684.73 million in cumulative inflows: changes in the XRP price affect the value of what the fund holds.
Neither figure translates directly into a set amount of XRP bought by the fund. The same caveat appears in U.Today's report on the milestone.
Daily flows across the sector have also been uneven. XRP spot ETFs recorded a $2.47 million net outflow on October 16, entirely from the Canary XRP ETF, according to SoSoValue data relayed by KuCoin News. On October 14, Bitwise was the only issuer to attract new capital, though the inflow was small at about $740,400.
For now, Bitwise's fund remains the clearest gauge of how much money is flowing into XRP through traditional markets, even as the token's price and daily flows fluctuate.
SourcesCOINOTAG: Bitwise XRP ETF net assets top $541 million
U.Today: Bitwise holds over half a billion XRP
Digital Today: Bitwise leads XRP ETF market with net assets over $500 million
Ripple (XRP) arzının yaklaşık yüzde 56’sı, en az bir yıldır hareket etmeyen cüzdanlarda bulunuyor. Zincir üstü verilere göre bu oran, 38 milyardan fazla XRP tokenına karşılık geliyor. Fiyat düşüşlerine rağmen yatırımcıların varlıklarını satmak yerine elde tutması, kripto para piyasasında XRP’nin dolaşımdaki arzına ilişkin dikkat çekici bir değişime işaret ediyor.
2026’nın başında yüzde 51 civarında bulunan uzun vadeli tutma oranı, 16 Ekim itibarıyla yüzde 55,91’e yükseldi. Bu değişim, XRP’nin fiyatı gerilerken bile dolaşımdaki arzın daha büyük bir bölümünün uzun süre hareket etmeden kaldığını gösteriyor.
Cüzdanlarda bekleyen tokenların artması, kripto borsalarında işlem görebilecek XRP miktarını azaltabilir. Ancak bu veriler, yatırımcıların mutlaka yeni alım yaptığı anlamına gelmiyor. Daha önce satın alınan tokenlar, sahipleri işlem yapmadan bekledikçe zamanla uzun vadeli yatırımcı grubuna dahil oluyor.
XRP HODL Waves Verileri Ne Gösteriyor?
Glassnode tarafından sunulan XRP HODL Waves göstergesi, tokenların cüzdanlarda ne kadar süredir hareket etmediğini takip ediyor. Gösterge, dolaşımdaki arzı elde tutma süresine göre farklı gruplara ayırarak kısa ve uzun vadeli sahiplerin oranındaki değişimi ortaya koyuyor.
1 Ocak 2026’da XRP 1,88 dolardan işlem görürken en az bir yıldır hareket etmeyen tokenların arz içindeki payı yüzde 50,99 seviyesindeydi. 16 Ekim’de fiyat 1,31 dolara gerilerken aynı oran yüzde 55,91’e çıktı. Böylece uzun vadeli tutma oranı yaklaşık beş yüzde puan arttı.
Bu veriler, fiyat performansı ile yatırımcıların elde tutma davranışının her zaman aynı yönde ilerlemediğini gösteriyor. XRP yıl boyunca fiyat baskısıyla karşılaşırken tokenların daha büyük bir bölümü cüzdanlarda hareketsiz kaldı.
Hangi XRP Tutma Grupları Büyüdü?
Bir ila iki yıldır hareket etmeyen tokenların payı, 1 Ocak’taki yüzde 11,698 seviyesinden 16 Ekim’de yüzde 16,742’ye yükseldi. Beş yüzde puanı aşan bu artış, uzun vadeli tutma oranındaki yükselişe önemli katkı sağladı.
Yedi ila on yıllık grupta da artış görüldü. Bu grubun arz içindeki payı yüzde 3,894’ten yüzde 5,411’e çıktı. Buna karşılık yılın başında en büyük uzun vadeli grup olan üç ila beş yıllık kategorinin payı yüzde 18,432’den yüzde 17,801’e geriledi.
İki ila üç yıllık grup yüzde 5,621’den yüzde 5,073’e, beş ila yedi yıllık grup ise yüzde 4,597’den yüzde 4,324’e düştü. On yıldan uzun süredir hareket etmeyen tokenların payı da yüzde 6,747’den yüzde 6,555’e indi. 2019-2023 döneminde XRP alan bazı yatırımcıların kâr realizasyonu yapması, bu gerilemelerin olası nedenlerinden biri olarak değerlendiriliyor.
Kısa Vadeli Ripple Arzı Neden Azalıyor?
Bir ila üç aydır hareket etmeyen XRP’lerin payı yüzde 12,286’dan yüzde 3,518’e düştü. Üç ila altı aylık grupta da oran yüzde 10,588’den yüzde 6,142’ye geriledi. Bu iki kategori, yılın başında toplam arzın yüzde 22’sinden fazlasını oluştururken 16 Ekim’de yüzde 10’un altına indi.
Öte yandan altı ila on iki aylık grup, tüm yaş kategorileri arasında en büyük artışı kaydetti. Bu grubun payı yüzde 19,351’den yüzde 27,683’e yükselerek en büyük bireysel kategori haline geldi ve daha önce lider olan üç ila beş yıllık grubu geride bıraktı.
Bu tokenlar yaklaşık Ekim 2025 ile Nisan 2026 arasında biriktirildi. Söz konusu dönem, XRP’nin döngüsel zirvelerinden sert biçimde gerilediği zaman aralığıyla örtüşüyor.
XRP Fiyatı İçin Uzun Vadeli Tutma Ne Anlama Geliyor?
Altı ila on iki aylık gruptaki tokenlar hareket etmeden kalırsa önümüzdeki aylarda bir yıldan uzun süredir tutulan arz kategorisine geçebilir. Böylece uzun vadeli yatırımcıların dolaşımdaki arz içindeki payı daha da artabilir.
Bu eğilim, yıl boyunca kripto borsalarındaki XRP bakiyelerinde görülen düşüşle birlikte değerlendirildiğinde, hemen işlem görebilecek token miktarının azalabileceğine işaret ediyor. Talep güçlü kalırsa daha sınırlı işlem arzı fiyatı destekleyebilir. Ancak HODL Waves verileri tek başına fiyat artışını garanti etmez.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
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According to David Schwartz, the chief architect of the XRP Ledger and Ripple’s CTO Emeritus, most people who hold or follow XRP do not know what its underlying network was built to do.
Schwartz spoke at Nasdaq during the celebration of Evernorth’s public listing. He said the most common misunderstanding is about where the XRP Ledger sits among the major blockchains. In his view, it has more functionality than Bitcoin but less than Ethereum or Solana, and that middle position is deliberate.
The Misconception Schwartz Wants To CorrectSchwartz described the ledger as built for a narrow set of financial tasks rather than general-purpose computing. Those tasks include:
Tokenization of real-world assetsPayments and liquidityLendingStablecoinsHe said this focus makes the network strong for some use cases and a poor fit for others. It does not support every application a developer might write. Instead, the ledger comes with what he called curated financial primitives, designed to meet the standards financial institutions expect.
Three Reasons Institutions Pick The XRP LedgerAsked why a bank or financial firm should build on the network, Schwartz gave three reasons:
It is fast, cheap and reliable.It is decentralized, so no single party can turn the system against its users.It comes connected to ready-made financial tools.RLUSD And A Multi-Chain FutureSchwartz said XRP Ledger supporters should not expect a single-chain outcome. Ripple’s RLUSD stablecoin runs on the XRP Ledger, but he said it also needs to be on other networks to reach more users and deeper liquidity.
He explained the goal in personal terms. People leave money idle in bank accounts, he said, because moving it somewhere it can earn a return takes effort. He wants the industry to reach a point where users think only about what their money is doing, not where it sits.
AI Agents Could Turn Blockchains Into Settlement LayersOn artificial intelligence, Schwartz said high-volume payments between AI agents may run on fast, low-cost payment channels, with final settlement on a blockchain. He expects some countries to become net buyers of AI services and others net sellers. Settling those imbalances, he said, will require a neutral settlement network. He did not say that network would be the XRP Ledger.
Ripple’s 2027 FocusLooking ahead to 2027, Schwartz pointed to Ripple’s acquisitions of GTreasury and Hidden Road. He said Ripple is combining them into one business. It plans to cross-sell products to clients who already move trillions of dollars through systems that do not touch crypto.
Schwartz said the Evernorth listing shows crypto connecting with traditional finance. It gives investors a way to hold XRP through retirement accounts and on corporate balance sheets.
Story Ends Here
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South Korea’s biggest crypto exchange just had a quieter week. Upbit reported weekly trading volume of 8.35 trillion won for the week ending October 18, 2026, a 15.5% decrease from the prior week.
That works out to approximately $6.28 billion.
The more interesting detail sits inside the total. XRP was the most traded asset on the platform during the week, finishing ahead of both Bitcoin and USDT.
Inside the numbers
In mid-October 2026, Upbit’s 24-hour trading volumes swung between $340 million and over $1.2 billion on active days.
The ranking of assets adds texture. XRP topped the volume table, with Bitcoin in second and the stablecoin USDT in third.
USDT’s presence in the top three is also worth a brief note. Stablecoins are tokens designed to track the US dollar, so heavy USDT trading can reflect traders moving between risk assets and something closer to cash.
A wider slowdown across Korean exchanges
Upbit was not alone in feeling the slowdown. Volume across major South Korean platforms fell by 19.56% in a preceding week, pointing to a broader pullback rather than a problem specific to one venue.
Measured against that figure, Upbit’s 15.5% decline looks somewhat milder.
Upbit has consistently held its position as the leading exchange in the country, regularly outpacing rivals such as Bithumb.
Upbit’s volumes have often reacted to swings in domestic stock markets, which suggests many Korean traders treat crypto and equities as neighboring options rather than separate worlds.
What this means for traders and the market
The most immediate implication is about liquidity. Lower volume generally means thinner order books, which can make prices more sensitive to large buy or sell orders.
XRP’s leadership is the other storyline to watch. Even as total activity fell, traders still concentrated a large share of their attention on a single asset, and that asset was not Bitcoin.
For the competitive landscape, rivals like Bithumb face the same headwinds. The broader 19.56% drop seen in a preceding week suggests the challenge across the sector is attracting volume at all, not just winning share from one another.
Looking ahead, the key signals will be whether weekly volume stabilizes near the 8.35 trillion won level or keeps sliding, and whether XRP keeps its spot at the top of the table.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Digital Asset Investor očekává, že XRP po skončení sporu se SEC překoná historické maximum; v současnosti se však nachází 62,5 % pod vrcholem z ledna 2018.
CoinDesk has published a comparative chart highlighting the performance of major cryptocurrencies since their peaks in December 2017 and January 2018. According to the chart, Bitcoin is trading 314% above its previous all time high, while BNB leads the group with a gain of 2,818%. Ethereum has risen 66% over its earlier peak, and Dogecoin has gained 322%.
Lagging performance for XRP against peersUnlike these assets, XRP currently trades around $1.33, which remains 62.5% below its all time high from January 2018. This underperformance stands out in the context of other large-cap cryptocurrencies, all of which have exceeded their previous highs by substantial margins.
Commentators in the crypto community, including Digital Asset Investor (@digitalassetbuy), have drawn attention to the divergence. Many see XRP’s position as evidence of lagging returns. However, Digital Asset Investor takes a different view, arguing the circumstances behind the numbers set XRP apart from its competitors.
Legal headwinds and their impactDigital Asset Investor emphasized that the CoinDesk analysis does not reflect the unique challenges XRP has faced in recent years. He pointed out that XRP was the only token among those compared that dealt with five years of regulatory pressure and enforcement actions, most notably a prolonged lawsuit by the US Securities and Exchange Commission (SEC).
At one time, XRP surpassed Ethereum by market capitalization and was positioned to potentially challenge Bitcoin as the leading cryptocurrency. Digital Asset Investor suggested the legal challenges directed at Ripple and XRP were significant factors contributing to the asset’s prolonged period of underperformance relative to its peers.
He sees these challenges not as evidence of fundamental weakness but as important context behind the numbers. He maintains that regulatory uncertainty has suppressed XRP’s ability to follow the growth of other large cryptocurrencies.
“XRP was the only one out of all of that list that has been attacked in every way known to man, including a five-year SEC lawsuit,” Digital Asset Investor stated, adding that the prolonged legal battles weighed heavily on the asset’s market trajectory.
Mini dictionary: Ripple, a San Francisco–based fintech company, is the primary developer of XRP and its network; the SEC lawsuit alleged that sales of XRP constituted an unregistered securities offering, a case watched closely by the global crypto industry.
AssetCurrent vs Previous ATHBitcoin+314%BNB+2,818%Ethereum+66%Dogecoin+322%XRP-62.5%Renewed optimism after legal resolutionWith the SEC lawsuit concluded and a US court determining that XRP is not a security, Digital Asset Investor believes the most significant obstacles to XRP’s growth have been removed. He pointed out that regulatory clarity is returning, with the SEC and Commodity Futures Trading Commission (CFTC) pushing for clearer rules in the US market.
Digital Asset Investor explained that these developments have led him to become “more bullish on XRP by a long shot than any of them,” referring to Bitcoin, Ethereum, BNB, and Dogecoin.
He maintains that, “All of the roadblocks are out of the way now,” and that the resolution of the legal battle has put XRP in a better position to regain lost ground.
Expectations for XRP’s future priceLooking ahead, Digital Asset Investor stated that he does not intend to sell his XRP position at a price of $5 to $10, indicating his belief that these levels would not reflect the full potential of a post-litigation XRP market. He interprets the underperformance shown by CoinDesk’s chart as a sign that XRP remains a compressed asset now ready to move, rather than a project in decline.
Kombinované CVD XRP na spotovém trhu a trhu perpetual futures kleslo mezi 23. zářím a 16. říjnem o 1,988 miliardy USD, což signalizuje silný prodejní tlak.
XRP has seen heavy selling across spot and perpetual futures markets, with combined cumulative volume delta (CVD) down nearly $2 billion.
This occurred between Sept. 23 and Oct. 16. During the same period, XRP’s open interest on Binance and Bybit dropped considerably, indicating that traders were reducing their positions amid the persistent selling pressure.
XRP CVD Shows Widespread Selling For context, cumulative volume delta (CVD) measures the difference between aggressive market buys and sells. When CVD falls, it means sellers are hitting buyers’ bids more often than buyers are lifting sellers’ offers. This shows continued selling pressure, not normal back-and-forth trading.
Across all centralized exchanges, the estimated spot XRP CVD fell from -$1.9 billion to -$3.2 billion during the period under consideration. This marked a further $1.3 billion in net aggressive selling.
Meanwhile, Binance’s perpetual XRP CVD also declined, moving from -$812 million to -$1.5 billion, a further drop of $688 million.
Combined XRP CVD collapses by nearly $2 billion across the spot and perpetual markets Both figures show that selling pressure affected spot trading and leveraged derivatives at the same time. The two readings recorded a combined CVD decline of $1.988 billion, bringing the total close to $2 billion.
This trend had already emerged earlier in the quarter. By mid-September, on-chain data showed that Binance’s perpetual CVD had fallen to around -$1 billion, while estimated spot CVD across centralized exchanges stood at approximately -$2.1 billion, according to CryptoQuant data.
With the recent decline moving close to $2 billion again, the data shows that selling continued beyond mid-September and pushed both readings further into negative territory.
XRP Open Interest Falls on Binance and Bybit The XRP CVD drop also coincided with a drop in derivatives positions on Binance and Bybit. On Binance, XRP open interest fell from 302 million XRP to 228 million XRP, a decline of 74 million XRP, or 24.5%.
Bybit recorded a larger drop, with open interest falling from 359 million XRP to 258 million XRP, a reduction of 101 million XRP, or 28.1%. Across both exchanges, open interest declined by a combined 175 million XRP, representing a 26.5% reduction in outstanding derivatives positions.
Notably, open interest measures the total number of futures and perpetual contracts that remain active. When it falls alongside declining prices and increasingly negative CVD, it often indicates that traders are closing leveraged long positions, not necessarily opening new short positions. This suggests deleveraging.
Importantly, deleveraging can help remove excess leverage from the market. As traders close their positions, the smaller derivatives market may face less forced selling once most vulnerable long positions have exited. However, this does not guarantee an immediate recovery.
XRP Liquidations Confirm the Market-Wide Unwind Meanwhile, liquidation data also confirms the pressure on bullish traders. During the period under consideration, XRP recorded several long-liquidation spikes exceeding $10 million each, with one peak reaching nearly $17 million.
XRP’s liquidation heatmap also shows a notable difference between the size of potential liquidations above and below the current price.
Specifically, two highlighted short-liquidation clusters above the market contain a combined $54.7 million, while two highlighted long-liquidation clusters below the market total just $14.17 million.
The short-liquidation clusters above the current price are about 3.86 times larger than the highlighted long-liquidation clusters below it. This suggests that the larger concentration of potentially trapped leveraged positions lies among short sellers above XRP’s current price.
