XRP is under close observation as it approaches a convergence of important market events toward the end of October. With the Ripple Swell conference set for October 27-29, investors are also anticipating a Federal Reserve policy announcement around October 28 and a routine XRP escrow release scheduled for November 1. These developments have prompted analysts and market participants to look for guidance on XRP’s short-term and long-term price movement.
The Grok model’s price scenariosOn October 23, XRP traded at $1.30. Seeking structured insight on its likely trajectory through October 31, 2026, analysts consulted Grok—an artificial intelligence system developed by xAI, the technology firm established by Elon Musk. The aim was to evaluate how upcoming catalysts and technical factors could shape XRP’s outlook within this timeframe.
Grok outlined three core scenarios for XRP’s price by October 31, 2026. The base case forecast, considered the most probable, put XRP in a range between $1.30 and $1.40 at month end. This scenario assumes relatively stable trading activity, some constructive sentiment from the Swell conference, and the absence of significant disruptions in macroeconomic conditions.
In a more optimistic outcome, Grok projected XRP reaching between $1.42 and above $1.55. This bullish scenario is dependent on several factors aligning at once: notably, positive announcements from Swell, a more accommodating stance from the Federal Reserve, renewed attention and funds flowing into exchange-traded funds (ETFs), as well as a strong performance from Bitcoin.
On the other hand, the bearish outlook placed XRP in the $1.20 to $1.28 band. Such a scenario could materialize if the broader market moves into a risk-off posture, if Swell fails to deliver positive surprises, or if XRP experiences a technical breakdown below the $1.25 to $1.30 support zone.
Catalysts and technical factorsAmong identified catalysts, Grok highlighted the Swell conference as the most influential event for near-term sentiment. The conference could push XRP toward the upper end of its trading range, especially if major institutions provide favorable commentary or new product announcements are made.
Moving to technical analysis, Grok pointed to a moving average cluster lying between $1.37 and $1.41 as presenting the first zone of significant resistance. The model suggested that above-average trading volume would likely be necessary for XRP to break through this area. In terms of support, analysts noted the next key level around $1.27, an area expected to play a critical role in determining the token’s next moves.
Short-term forecasting in cryptocurrency markets carries substantial uncertainty. Grok emphasized that the predictions provided should be interpreted as probabilistic ranges reflective of different risk scenarios, rather than definitive price targets.
Grok identified three key outcomes: a base case with XRP between $1.30 and $1.40, a bullish scenario exceeding $1.42, and a bearish outcome falling as low as $1.20, each corresponding to changes in sentiment, macro trends, and technical factors.
In a dynamic market where a single Fed policy update or a sudden altcoin listing can trigger swift price swings, monitoring charts, news, and portfolios across multiple applications can be costly for investors. Many traders are now adopting privacy-focused solutions like CryptoAppsy, which provides real-time charts, customizable price alerts, coin-specific news, and macroeconomic data, all within a single interface—without even requiring an account registration.
XRP’s next moves will be shaped by how the upcoming events interact with technical resistance and support levels, keeping both retail and institutional investors attentive in the days ahead.
XRP has alternated between 12- and 14-month up and down cycles since 2020, placing July 2027 in focus if the historical timing continues.
XRP’s monthly price structure has followed a notably regular rhythm since 2020, alternating between broader upward and downward phases that have generally lasted between 12 and 14 months.
The latest rotation places XRP in roughly the third month of a new upward cycle. If the timing pattern continues, the present phase could remain active into mid-2027, with around July 2027 emerging as the next potential window for a broader directional change.
XRP is currently trading near $1.30, with CoinMarketCap showing a 24-hour range of approximately $1.29 to $1.35.
XRP’s First Cycle Ran From the 2020 Base Into 2021
The first major phase visible on the monthly structure spans 13 candles, or roughly 396 days. It captures XRP’s recovery from its depressed 2020 range into the much stronger market seen during the first half of 2021.
XRP Monthly Cycle Triangle Chart
The change in price was substantial. XRP traded at about $0.219 on May 1, 2020, according to historical CoinMarketCap data. By May 1, 2021, it was worth roughly $1.65.
That upward phase was followed by the longest measured downswing in the sequence: 14 monthly bars covering approximately 426 days.
Rather than declining in a straight line, XRP produced rebounds and temporary recoveries during this period. However, the wider structure remained downward. By June 16, 2022, XRP had fallen to approximately $0.312.
The 2022–2024 Cycles Became More Compressed
The next upward phase lasted approximately 13 months, or 395 days.
XRP recovered from the 2022 lows and was trading around $0.713 by July 15, 2023, compared with the roughly $0.31 level recorded during the prior year’s decline.
The following phase lasted another 12 months, or about 366 days, but the decline was much less dramatic than the 2021–2022 downturn. XRP spent much of this period moving within a broad range instead of collapsing continuously.
By Aug. 1, 2024, XRP was trading near $0.5965.
This is an important feature of the cycle model: the timing has been more consistent than the size of the price moves. A 12-month bullish or bearish phase does not imply that XRP will gain or lose the same percentage each time.
XRP’s 2024–2025 Up Cycle Produced the Biggest Recent Expansion
The next 12-month upward phase began from the 2024 consolidation area and developed into a much stronger advance.
XRP was still around $0.60 in early August 2024. By Nov. 30, it had reached approximately $1.94, and by July 17, 2025, CoinMarketCap recorded XRP at about $3.50.
That expansion was followed by another approximately 12-month downward phase. XRP progressively surrendered a large portion of the preceding advance, with its price falling to about $1.09 by July 18, 2026.
The sequence therefore became particularly regular from 2023 onward: roughly one year down, one year up, and then another year down.
XRP Is Now in Month Three of the Next Cycle
The current structure places the beginning of another upward phase around August 2026. That makes October approximately the third monthly candle in the developing cycle.
At around $1.30 today, XRP remains well below the highs reached during the previous upward phase.
Importantly, an upward cycle does not require every monthly candle to close higher. The historical structure includes red months inside broader advances.
What matters for the pattern is whether XRP can continue developing a larger sequence of improving highs and lows as the cycle progresses.
If the latest phase again lasts approximately 12 months, the timing would extend toward July or August 2027. July 2027 therefore represents a potential cycle-transition window rather than a price target or a confirmed reversal date.
The pattern would also need to be reassessed if XRP begins establishing a sustained bearish structure before then.
XRP Price Scenarios Into 2027
If XRP maintains the developing higher-high and higher-low structure, the first upside test would be the $1.70–$2.00 region.
A sustained monthly breakout above that area could reopen the path toward $2.50–$3.50, including the previous cycle-high zone.
A slower bullish scenario could keep XRP consolidating between roughly $1.20 and $1.70 for several months before another expansion later in the cycle.
The bullish cycle thesis would weaken if XRP loses $1.00 on a sustained monthly basis, as that would undermine the improving structure and raise the risk that the expected 12-month advance is failing earlier than previous cycles.
Each new monthly candle adds information, meaning the historical 12- to 14-month rhythm remains a framework to watch rather than a fixed timetable for future price action.
Ripple has partnered with Swiss-regulated financial institution Arf to bring RLUSD-powered settlement liquidity to the XRP Ledger, expanding the blockchain’s role in cross-border payments and institutional lending.
Arf processes almost $10 billion in annual global settlement volume, since its launch in November 2022.
The partnership aims to provide short-term working capital to licensed payment companies.
How Will Ripple And Arf Improve Cross-Border Payments?Cross-border payment companies often need substantial working capital to pre-fund transactions while waiting for payments to settle.
Traditional bank financing can take months to arrange and require significant collateral, limiting liquidity available across international markets.
Arf’s payment finance model addresses this challenge by providing short-duration settlement liquidity, typically repaid within one to five days.
Through the partnership announced on Oct.22, Arf will initially provide direct settlement liquidity using Ripple’s RLUSD stablecoin on XRPL and support more payment volume.
Jasmine Cooper, RippleX’s head of product, said XRPL’s fast settlement capabilities and RLUSD’s regulated dollar infrastructure make the network suitable for institutional liquidity financing.
XRPL Lending To Boost Institutional AdoptionArf plans to integrate XRPL’s proposed native lending infrastructure to expand settlement liquidity through Single Asset Vaults for pooling capital and a Lending Protocol for extending structured loans.
Arf will retain off chain underwriting and credit decisions while managing lending on XRPL.
The transition depends on approval and activation of the XLS-65 and XLS-66 amendments.
Arf has already developed an implementation and is providing feedback.
The partnership could boost institutional RLUSD adoption by enabling recurring loan disbursements and repayments for cross-border settlements.
Arf’s revolving liquidity model allows capital to be reused as transactions settle, potentially increasing RLUSD demand.
XRPL’s institutional expansion comes as network participation rises despite XRP’s price volatility.
Santiment Intelligence data shows non-empty wallets hit a record 8.24 million, with 4,772 new wallets added in one day, the fifth-largest spike since March.
With XRP (CRYPTO: XRP) near $1.32, a breakout above $1.40 could target $1.50, while a drop below $1.30 could weaken the bullish outlook.
Growing institutional activity could increase XRP transaction fees and reserve demand, though adoption does not guarantee price gains.
Image: Shutterstock
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Payment activity on the XRP Ledger has surged, with recent statistics from XRPScan showing payment volume reached 770.6 million XRP in the latest 24-hour period. This marks a 119.6% increase compared to the previous day. The figure is significantly above the 30-day average of 601.9 million XRP, indicating a sudden return of network activity after a period of stagnation. Despite this notable spike, the all-time high for daily payment volume remains much higher at 7 billion XRP, suggesting that current levels, while robust, are still far from record territory.
Network activity rebounds after slow periodA review of the past year reveals that XRP payment volumes have been highly volatile, with notable peaks approaching 2.6 billion XRP both in November and February. Outside of these bursts, daily volumes typically fluctuate between 300 million and 700 million XRP. On quieter days, network activity can even drop close to zero. The latest jump follows directly after one such period of low network engagement.
It is worth noting that much of this 119.6% increase comes off a very low baseline, limiting its immediate impact as a long-term trend signal. Nevertheless, analysts point out that any uptick in genuine payment activity is a positive sign for the health of the network, as it reflects increased settlement and usage by participants. This stands in contrast to exchange trading volumes, which can be influenced by speculative activity.
Payment volume shows how much XRP is actually moving between accounts, so it is a cleaner signal than exchange trading alone. When this figure rises, more people are sending, settling, and using the network.
After several weeks of diminished activity, this resurgence in payments marks a potential turning point for user engagement, provided it can be sustained over the coming days.
Mini dictionary: XRP Ledger – a decentralized, public blockchain designed for payments, allowing users to send value quickly and at low cost. The ledger validates and tracks transactions using the XRP token as its native asset.
Price remains below major resistanceDespite the uptick in network usage, XRP’s market price has not shown a corresponding rally. The digital asset is now trading close to $1.31, remaining below key technical levels. The 200-day moving average sits near $1.37, while the 100-day average is close to $1.34, both now acting as resistance zones. Earlier attempts to push above these areas were met with selling pressure, and the price has retreated toward a range of $1.27 to $1.30.
Technical momentum remains weak, with the Relative Strength Index (RSI) hovering around 40. While not yet in oversold territory, this reading points to limited buying enthusiasm.
IndicatorCurrent ValueSupport/ResistanceCurrent Price$1.31—200-day Moving Average$1.37Resistance100-day Moving Average$1.34ResistanceNearest Support$1.25SupportNext Key Support$1.15SupportRSI40Neutral/WeakShould the price break below $1.25, analysts point to $1.15—where the August rally previously began—as the next important support zone. On the contrary, a daily close above $1.37 would open the door for further gains, with upside targets at $1.45 and $1.55.
Traders wait for confirmationTrading volume for XRP on exchanges has declined, signaling a cautious stance among market participants. Many investors appear to be waiting for confirmation that the surge in payment activity is translating to sustainable buying interest and higher prices.
A real recovery needs both better network use and stronger buying on the exchanges. So far, only the first part has appeared.
Market observers highlight that such divergence between technical adoption and price action is not uncommon, especially when the financial market is searching for direction. If payment volumes remain steadily above the 30-day average of 601.9 million XRP in the coming days, the chances of a price breakout above $1.37 could increase. However, if this latest spike proves short-lived, XRP is expected to remain within its current trading range.
Although the demand for XRP ETFs has slowed substantially in recent days following the recent crypto market volatility, they have remained persistent even in small quantities.
Amid the slow but steady demand for the XRP investment product, the latest onchain data shows that Franklin Templeton has just bought XRP, even as its price remains unstable.
$3.5 million of XRP scoopedAs of October 23, data from SosoValue shows that Franklin Templeton's XRP ETF has recorded up to $3.55 million in net inflows during its last daily trading session on Thursday.
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With the Franklin XRP ETF attracting up to 2.71 million XRP worth about $3.55 million in net inflows at a time like this, the fund has taken dominance for the day as other XRP ETFs saw zero capital flows for the day.
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Notably, the inflow recorded by the fund provides a bullish outlook for XRP as it signals sustained demand from investors seeking exposure to the asset without directly holding it.
However, XRP's price movement at the time of the purchase remains concerning to market participants as the broad market momentum continues to fade.
Can This Trigger an XRP Rally?It is important to note that while Franklin Templeton's latest XRP purchase provides a positive signal for demand for its XRP investment product, it does not guarantee an immediate price recovery for the asset.
XRP's current price movement remains subject to broader market sentiment, which is currently bearish as other major crypto assets are also witnessing a price correction.
Nonetheless, market analysts predict that sustained demand for the XRP ETF could drive bullish momentum for the price.
XRPL dUNL validator Vet has explained why XRP’s importance extends beyond its market price.
In a recent X post, Vet addressed questions about why XRP is not seeing broader usage and why the growth of tokenized assets on the network has not translated into stronger price performance.
He argued that these concerns overlook the XRPL’s broader purpose as a multi-asset network that has supported different assets since 2012.
According to Vet, XRP plays a distinctive role in this ecosystem, serving as a bridge between assets while supporting the ledger’s underlying operations.
XRP Connects Assets Through Auto-Bridging
Vet highlighted XRP’s auto-bridging function on the XRPL’s DEX. This feature allows XRP to act as an intermediary when users trade between two different assets, potentially enabling more efficient trading routes when direct trading pairs lack sufficient liquidity.
As more assets enter the ecosystem, this function could become increasingly useful. Tokenized assets and other issued tokens can trade on the ledger, while XRP helps connect markets and facilitate exchanges between assets that might otherwise have limited direct liquidity.
Beyond its role in trading, XRP also supports the network’s basic operations, according to Vet. Users need it to pay transaction fees and satisfy account reserve requirements, making it an integral part of the ledger’s infrastructure.
Vet Describes XRP as a Neutral Form of Money
Vet also emphasized XRP’s distinction from issued tokens. As the XRPL’s native asset, XRP does not depend on an issuer to maintain its existence. Furthermore, unlike issuer-controlled tokens that support freezing mechanisms, he noted that XRP cannot be frozen at the protocol level.
These characteristics give XRP a degree of neutrality within the ecosystem. Users can transact with the asset without depending on a central issuer to authorize its existence or continued use.
Vet highlighted this position emphatically, declaring that “XRP is money!”
‘XRP’s Price Should Reflect Network Adoption,’ Vet
Addressing concerns about XRP’s price performance, Vet argued that the priority should be building a useful network that attracts users and businesses. As adoption expands, he believes XRP could see greater utility as a neutral asset connecting different markets across the ledger.
From this perspective, price appreciation should follow increased usage and acceptance rather than serve as the primary measure of the network’s success.
“Let the price of the native asset be a knock on effect of large scale usage and acceptance of the XRP Ledger,” Vet remarked.
Meanwhile, XRP was trading at $1.32, down 65.61% from its previous all-time high of $3.84.
Meanwhile, Vet has previously highlighted the potential for XRPL and other blockchain networks to transform the future of finance. The entry of new capital into the XRPL ecosystem could support further development, although its eventual impact on XRP will depend on how that capital translates into actual network usage and demand for the native asset.
Crypto market analyst EGRAG CRYPTO has warned XRP investors of a potential major move as he identified a pattern shaping up on the token’s weekly chart. He pointed out what looks like a double top formation, noting two strong rejections at a key resistance level near the current price of $1.34. The analyst stated that a breakdown below the formation’s neckline, with a confirmed weekly close, could accelerate a bearish scenario.
Chart interpretation reversedHowever, a closer analysis of the chart he published reveals an inverse reading of the setup. The chart presented by EGRAG CRYPTO was shown in inverted form, making an upward breakout visually appear as a sharp downward move. Upon examining the original orientation, the supposed double top pattern is actually a double bottom, which technical analysts often view as a bullish reversal signal.
This reframes the analyst’s warning: what appears at first glance to be a signal for a bearish continuation is, in reality, a setup pointing to a possible strong rally if the key resistance levels are surpassed.
EGRAG CRYPTO is a well-known figure among technical analysts following the $XRP market, frequently sharing chart-based market insights and pattern analyses with tens of thousands of followers on social media.
Mini dictionary: Double bottom, a chart pattern indicating two consecutive lows at a similar level, often signaling a potential bullish reversal after a downtrend is exhausted.
“If the neckline breaks with a confirmed weekly close, the bearish setup could accelerate,” the analyst wrote, though the flipped chart actually points to a potential breakout above resistance rather than a collapse.
Price targets and key zonesThe green arrows on the chart, which seem to trend downward in its inverted presentation, actually trace an upward path on a standard view. This roadmap projects initial resistance at $1.70, followed by a move toward $2.60 once the first level is cleared. Afterward, the next target is the historical all-time high at $3.65, with a final move foreseen above $5.50 in an extended bullish scenario.
Major horizontal levels—identified as resistance and support bands—are observed at $1, $1.70, $2.60, and $3.60, which are expected to play a pivotal role in determining $XRP’s direction in the near term. Tactical traders are closely watching these zones for confirmation before positioning for further moves.
Price LevelSignificance$1.00Key support and resistance cluster$1.70Initial bullish target$2.60Secondary upward target$3.65All-time high target$5.50Extended bullish scenarioPattern confirmation requiredEGRAG CRYPTO advised that no positions should be taken until the setup is verified. He emphasized that confirmation requires a decisive weekly close above the neckline. Until that happens, traders are urged to wait for clear evidence of the breakout pattern. The analyst anticipates significant volatility, with XRP having spent an extended period consolidating throughout 2026.
The development of this pattern on a weekly chart, which reflects several weeks of trading data, adds greater importance to its potential impact. If confirmed, the breakout could set the tone for the next major move in the XRP market.
Traders are encouraged to wait for a weekly confirmation before acting, as the direction of the next large move depends on the resolution of this high-profile pattern.
XRP has reached a significant milestone in adoption, with the XRP Ledger now supporting 8.24 million non-empty wallets. This increase comes during a challenging period for the cryptocurrency, which has seen a 17.21% decrease in price over the past month.
Network growth despite falling pricesOn-chain analytics provider Santiment reported that the XRP Ledger added 4,772 non-empty wallets in a single day, marking the fifth-largest daily increase in wallet growth since March. This continues a broader trend of accumulating new addresses on the network, even as XRP’s price remains under pressure.
Santiment’s data reveals that the surge in wallet creation echoes a previous episode when approximately 4,300 new wallets were activated in one day, a period also marked by significant outbound transfers from large holders.
While the rise in addresses signals growing participation, industry analysts caution that the metric alone does not confirm large-scale accumulation. Cryptocurrency exchanges and individual investors can operate multiple wallets, and the increase may represent broader activity rather than individual adoption.
The network growth stands in contrast to XRP’s market performance, as the token continues to trade below September’s levels. Large XRP holders, often referred to as whales, have intensified transfers to centralized exchanges, which has fueled speculation about increased selling activity.
Whale activity and ETF flowsRecent analysis identified $112.4 million worth of XRP moved from whale-controlled wallets to Binance, representing the largest deposit movement of this kind in seven months. Coinpaper also noted that 1.67 billion XRP entered Binance over a rolling 30-day period, underlining heightened liquidity and possible selling pressure.
While these large deposits do not guarantee immediate sales, the influx increases the supply of XRP available for trading and may contribute to negative price momentum if demand remains subdued.
Institutional demand for XRP has also shown signs of slowing. US spot XRP ETFs recorded $4.25 million in net inflows during the most recent reporting week, following $1.84 million in net outflows the previous week. This moderate uptick trails the $75.6 million that flowed into XRP ETFs for the week ending September 25.
Falling XRP prices have left ETF investors facing substantial unrealized losses, and the pace of new investments has continued to lag behind previous periods when cumulative inflows neared $1.8 billion.
The weaker momentum in institutional flows highlights the sector’s caution amid broader volatility in the crypto market.
Outlook and the role of user participationXRP’s potential for a price rebound may hinge on whether continued wallet growth translates into sustained demand. Santiment highlighted $1.40 as a critical level; if the token holds above this threshold and daily address creation remains around 4,000 or higher, the outlook for a move toward $1.50 would improve.
Conversely, a decline below $1.40, coupled with fewer than 3,000 new addresses per day, would signal weaker short-term adoption and could limit upward movement.
While network-driven signals point to renewed interest, XRP’s recent history shows that increased wallet activity has not always resulted in sustained price gains.
In a rapidly shifting market, marked by the influence of Federal Reserve decisions and surprise altcoin listings, traders are increasingly seeking consolidated platforms for market monitoring. Smart investors now rely on privacy-first solutions like CryptoAppsy, which bring together real-time charts, intelligent price notifications, asset-specific news, and macroeconomic insight in a single interface—without the need for an account—helping to minimize both friction and missed opportunities during critical decision windows.
Franklin Templeton’s tokenized U.S. Treasury Fund, sgBENJI, has grown to $192.698 million on the XRP Ledger (XRPL).
This recent increase has made sgBENJI the largest distributed real-world asset (RWA) on the network, excluding stablecoins, as tokenization continues to gain ground across the XRP ecosystem.
The XRPL has seen strong growth in real-world asset tokenization this year, with more financial products moving onto the network. The latest development involves Franklin Templeton’s sgBENJI fund.
Franklin Templeton’s sgBENJI Expands on the XRP Ledger For context, Franklin offers the sgBENJI U.S. Treasury Fund through the Franklin Templeton Benji Investments division, regulated by Singaporean authorities. The product represents a share of the Franklin OnChain U.S. Dollar Short-Term Money Market Fund.
Although Franklin Templeton launched the asset in 2025, data from RWA.xyz shows that it became available on the XRP Ledger in late July 2026.
The fund currently operates on two blockchain networks: the XRP Ledger and Stellar. It first launched on Stellar in September 2025 before expanding to the XRPL on July 28, 2026, nearly a year later.
When it first appeared on the XRPL, its value on the network stood at $9.71, while the value held on Stellar was $30.164 million.
The fund’s value continued to fluctuate across both networks. By Sept. 11, its value on the XRP Ledger climbed to $48.33 million, while the figure on Stellar fell to $24.95 million.
This marked the first time the XRPL overtook Stellar in sgBENJI value held on each network. At the time, the fund’s combined value across both blockchains had reached $73.28 million.
XRPL Value Surges to $192.698 Million in One Day The fund’s growth accelerated on Oct. 22, when its combined value across the two networks reached $231.18 million.
XRP Ledger holds the larger share of the sgBENJI Fund Of this amount, the XRP Ledger accounted for $192.698 million, marking an increase of $144.368 million in just one day. Meanwhile, sgBENJI’s value on Stellar rose to $38.49 million, an increase of $11.55 million. These figures show that the XRPL now holds more than 83% of the fund’s total on-chain value.
The latest increase has made sgBENJI the largest distributed real-world asset on the XRPL, excluding stablecoins. The network’s total distributed asset value, excluding stablecoins, stands at $641.17 million, with sgBENJI accounting for about 56% of that amount.
Franklin Templeton sgBENJI Treasury Fund now largest distributed RWA on XRP Ledger However, the ranking changes when stablecoins are included. Under this measure, sgBENJI ranks as the second-largest distributed asset on the XRP Ledger, behind Ripple’s RLUSD stablecoin, which has a value of $929.8 million.
sgBENJI Leads XRPL’s RWA Growth Over 30 Days Data from RWA.xyz also shows that sgBENJI is the fastest-growing real-world asset on the XRPL over the past 30 days. Its value increased by 298.7% during that period, while its share of the network’s distributed RWA market, including stablecoins, rose by 303.8% to 11.96%.
Meanwhile, other U.S. Treasury products are also available on the XRP Ledger.
These include Ondo’s Short-Term US Government Bond, worth $185.348 million on the network; Aviva Investors’ US Dollar Liquidity Fund, valued at $50 million; Guggenheim Treasury Services DCP, worth $40.3 million; and the OpenEden TBILL Vault, valued at $20.9 million.
Overall, the XRP Ledger now holds $439 million in U.S. Treasury debt. This represents more than 68% of the network’s total distributed RWA value of $641.17 million, excluding stablecoins.
US Treasury Debt on the XRP Ledger grows closer to $500 million However, when measured against the broader RWA market on the XRPL, which stands at $5.381 billion excluding stablecoins, U.S. Treasury debt accounts for about 8%.
XRP is currently trading at $1.3449, hovering near a key monthly Fibonacci level. Technical analysts have been closely monitoring this price point as discussions about the cryptocurrency’s future trajectory intensify. Market observers note that attention is already shifting to what could come next if current support holds.
Analyst price targets divergeAmong market commentators, Amonyx, a crypto analyst known for his bold forecasts, told his followers on X that the upcoming XRP rally “is going to be incredible.” He urged his audience to “strap in,” signaling strong conviction about continued momentum.
By contrast, Mason Versluis, another well-followed cryptocurrency enthusiast, suggested a more conservative price range. He projected that XRP could reach between $5 and $10 during the next bull run, cautioning against more extreme predictions of $500, $1,000, or even $10,000.
The XRP bull run this cycle is going to be incredible. Strap in!
A TradingView chart from the analyst MikyEdge, published on October 22, highlighted that XRP sits at the 0.236 Fibonacci retracement level of $1.3359. The next resistance levels identified by this analysis are $2.1847, $4.8417, and $7.9180, with these targets aligning with Versluis’s range.
Fibonacci LevelPrice0.236$1.3359Next Major Resistance 1$2.1847Next Major Resistance 2$4.8417Next Major Resistance 3$7.9180Optimistic long-term projectionsSome voices in the community remain more optimistic. Digital Asset Investor, another influencer active in the sector, dismissed calls for caution. He delivered a confident message to his followers, saying, “It is going to be on like Donkey Kong, lock in.”
Digital Asset Investor has also backed an ambitious long-term forecast from Dom Kwok, the co-founder of EasyA, who has previously predicted that XRP could reach $1,000 by 2030. The two maintain that such a target is reasonable, a stance that places them among the most bullish forecasters covering the coin.
Mini dictionary: EasyA, co-founded by Dom Kwok, is a software company focused on blockchain and Web3 developer education through its learning app and bootcamps.
Technical signals and community sentimentAccording to MikyEdge’s monthly chart, XRP is testing an important juncture at the 0.236 Fibonacci retracement. The current position suggests technical support in the $1.10 to $1.40 range, with any sustained hold above this region maintaining a bullish chart formation.
The price action displayed on the chart features an upward projection, with the analyst’s arrow pointing toward targets past $7.9180. Market participants are watching for a breakout that could confirm upward continuation.
Expectations across the XRP community range widely, from Versluis’s $5–$10 target to Digital Asset Investor and Dom Kwok’s $1,000 outlook. This broad spectrum underscores deep divides in sentiment but also a shared anticipation of a major move for XRP in this cycle.
The price is $1.3449 today. The targets range from $5 to $1,000 depending on who you ask. What connects all of them is the expectation that XRP’s next significant move is coming.
Malaysia and Thailand join Singapore’s BLOOM initiative as policymaker members.
The initiative focuses on cross-border payments using stablecoins and tokenized bank deposits.
Ripple, Visa, Mastercard and the World Bank Group are among the participating organizations.
Ripple and Unloq plan to test automated trade payments using RLUSD on the XRP Ledger.
Central banks will examine payment settlement, network compatibility, identity checks and regulatory controls.
Singapore has expanded its BLOOM payments initiative as Malaysia and Thailand join efforts to test cross-border transfers. The work covers regulated stablecoins and tokenized bank deposits.
Singapore Adds Two Central Banks to BLOOM
The Monetary Authority of Singapore confirmed the membership of Bank Negara Malaysia and the Bank of Thailand on Friday. Both joined as policymaker members rather than commercial payment providers.
BLOOM stands for Borderless, Liquid, Open, Online, Multi-currency. Singapore started the project in October 2025 to bring regulators, banks and technology firms together around digital money settlement.
Ripple and Payment Networks Join the Work
Current participants include Ripple, Visa, Mastercard, Airwallex, Maybank and the World Bank Group. Circle, Coinbase, JPMorgan, Standard Chartered and Stripe were already involved in the initiative.
Ripple announced a trial with trade finance company Unloq in March. The partners plan to use RLUSD on the XRP Ledger and release payments when shipment conditions are met. Separately, Cross River Bank is adding Ripple’s RLUSD to its payment system.
The World Bank Group brings experience in international payment systems and financial inclusion. BLOOM participants are examining business payments, company cash management and trade finance.
Banks Examine Settlement and Safety Checks
The central banks will examine how institutions accept and exchange different digital currencies across countries. They will study ways for payment systems to communicate without requiring separate deals in every market.
Tokenized deposits form another part of the work. These tokens represent bank deposits rather than stablecoins issued by private companies. In a separate development, JPMorgan made its JPM Coin deposit token available on Ethereum this week for approved institutional clients.
BLOOM will examine identity checks, sanctions screening and transaction limits. MAS said common operating arrangements could reduce implementation costs while allowing regulators to apply their own national requirements.
Malaysia and Thailand Outline Their Priorities
Bank Negara Malaysia Deputy Governor Aznan bin Abdul Aziz said payments using different forms of digital money were becoming more practical. He welcomed cooperation between central banks and companies.
Rules remain a separate issue for stablecoin providers. This week, the US banking regulator outlined waiver requirements for existing stablecoin issuers, showing how oversight differs between markets. Bank of Thailand Deputy Governor Daranee Saeju said Singapore’s initiative would support its work on rules for tokenized money.
Franklin Templeton, a leading global investment management firm, recorded a notable increase in inflows into its XRP ETF, attracting fresh investor interest despite recent turbulence in the cryptocurrency market. The latest on-chain data shows that the firm’s XRP ETF received $3.55 million in net inflows during the most recent daily trading session on Thursday, even as other XRP-focused exchange-traded funds reported no activity.
Franklin Templeton leads XRP ETF inflowsAccording to SosoValue, a platform that tracks ETF flows, Franklin Templeton’s XRP ETF added approximately 2.71 million XRP during the day, with a total value of $3.55 million in net capital inflow. This surge made the fund the dominant player among XRP investment vehicles for the session, as competing products saw stagnant capital movements.
Franklin Templeton is known for offering a broad range of investment solutions, including both traditional and digital asset products. Its recent activity signals that demand for exposure to XRP in regulated formats persists, even in a subdued market environment.
Mini dictionary: SosoValue, a financial data platform specializing in tracking inflows, outflows, and statistics concerning global spot and crypto-based ETFs.
This inflow has been interpreted as a sign of sustained interest from investors looking to benefit from XRP’s long-term prospects without holding the underlying token directly. While the influx reflected buyer confidence, analysts highlighted market caution as prices continued to fluctuate.
XRP ETF ProviderDaily Net InflowXRP AcquiredOther ETF InflowsFranklin Templeton$3.55 million2.71 million XRP0Competing XRP ETFs000Market momentum and analyst outlookAlthough the demand for XRP-based investment products remains intact, XRP’s price continues to experience volatility, largely due to negative sentiment across the broader cryptocurrency market. Investors remain cautious, as the overall momentum among major digital assets appears bearish with ongoing price corrections.
Despite the recent inflows, market participants have pointed out that Franklin Templeton’s purchase does not guarantee a rapid price rebound for XRP, as its performance is still influenced by broader market trends.
While the recent inflow offers a positive signal for the fund’s ongoing appeal, industry analysts suggest this alone is not enough to trigger an immediate price rally in XRP. Instead, they suggest that consistent inflows could gradually lay the groundwork for improved sentiment and potential upward momentum in the asset’s price over time.
Investor perspective on XRP ETF demandFor investors seeking regulated exposure to cryptocurrencies, ETFs such as Franklin Templeton’s XRP fund provide opportunities to participate in digital asset markets without the need to manage tokens directly. This model has found appeal in both retail and institutional segments, even when the underlying asset faces price pressure.
Sustained demand for the XRP ETF could support bullish momentum for the asset if inflows continue, though market risks remain present in the near term.
China targets a national blockchain network by 2030 under its 15th Five-Year Plan for National Informatization, while keeping its ban on crypto such as XRP and Bitcoin.
China plans to largely complete a national blockchain network by 2030, but the infrastructure is not expected to support public cryptocurrencies such as $XRP or $BTC. Beijing continues to promote blockchain as a strategic technology while enforcing a ban on crypto-related business activity.
What the 15th Five-Year Plan saysAccording to Cointelegraph, the 15th Five-Year Plan for National Informatization was issued by the Central Cyberspace Affairs Commission, a senior Communist Party body that coordinates digital development policy. The plan calls for deeper blockchain use in trade and finance in the Yangtze River Delta, and large-scale deployment in manufacturing and agriculture in the Chengdu-Chongqing region in southwestern China.
The document also calls for stronger blockchain technical standards and wider use of the technology in data circulation and trading, per the same report. It sets an explicit completion target for a project that was already part of China's national development plan released in March. A joint policy from the Communist Party's central leadership and the State Council, published on Oct. 9, had earlier called for the network to be built.
The informatization plan lists the national blockchain network alongside other 2030 goals, including a fully built new-generation communication network and the commercial launch of 6G at an appropriate time, according to a summary published by PANews.
Under the plan, distribution nodes are being set up around business centers. They are expected to focus on cross-border trade and clearing in the Yangtze River Delta, and on logistics tracing in the Chengdu-Chongqing industrial belt.
Blockchain yes, crypto noThe push for state-backed blockchain infrastructure sits alongside a firm stance against digital assets. Cointelegraph noted that mainland China bans cryptocurrency-related business activities while promoting blockchain technology as a national priority.
That position was reinforced last year. According to Payment Expert, the People's Bank of China convened 13 agencies on Nov. 28, 2025 to reaffirm the ban on crypto trading and flag stablecoins as a new enforcement focus. The central bank said stablecoins cannot effectively meet customer identification and anti-money laundering requirements, as reported by CoinGeek.
For holders and traders of $XRP, $BTC and other tokens, the message is consistent: the network is designed as state infrastructure for trade, logistics and data, not as a route for public crypto assets to gain access to the mainland market. The plan does not name specific tokens, so any implication for individual assets such as XRP remains an inference from China's wider policy.
Sources:
Cointelegraph: China targets 2030 for its national blockchain network buildout
Payment Expert: PBoC targets stablecoins in renewed China crypto crackdown
CoinGeek: China's central bank reaffirms commitment to digital asset ban
Ripple (XRP) price remains near a crucial support zone between $1.28 and $1.30 despite analysts’ consensus leaning slightly bullish amid an increase in inflows to spot XRP ETFs.
On-chain data also shows that whales are increasingly selling XRP as the sentiment across the broader crypto market today shifts ahead of the upcoming US elections.
XRP Whale Inflows to Binance Hit 7-Month High Data from CryptoQuant shows that the whales transacting more than 1 million XRP are increasingly sending their tokens to exchanges.
The data shows that since August, the monthly average whale inflows to Binance have risen by $72 million to $112.4 million. This marks the highest monthly average of whale inflows since March 2026.
Source: CryptoQuant Analyst DarkFost notes that the inflows coincide with gains in the value of XRP from below $1 in August, which has encouraged these large holders to book profits.
An earlier report by CoinGape also noted that XRP inflows to exchanges recently rose to the highest level in seven months.
ETF Inflows Surge on Rising Network Activity Data from SoSoValue shows that XRP ETFs recorded $3.55 million in inflows on October 22. This was a stark contrast to the outflows of $635 million and $110 million, recorded by Bitcoin and Ethereum ETFs, respectively.
XRP ETFs have now seen inflows of $4.25 million this week alone, with this also marking a shift from the outflows of $1.84 million seen last week.
Source: SoSoValue The ETF inflows coincide with a surge in network activity after the number of non-empty wallets on XRP Ledger reached a record high of 8.24 million.
The number of new wallets also rose to 4,772 within a single day, with this being the fifth-highest daily increase since March per Santiment data.
The rise in network activity coincides with multiple partnerships with Ripple. As CoinGape reported earlier, Ripple partnered with Arf to boost RLUSD settlement on the XRP Ledger.
XRP Price Holds Key Support Level XRP price remains above the support zone between $1.28 and $1.30. The price has bounced from this zone twice before, suggesting that it could be acting as a good entry point for buyers.
The RSI reading at 42 suggests that the momentum is leaning bearish even as the crucial support level holds.However, the ADX line that is tipping south and has a reading of 20 suggests that the downtrend remains weak.
If XRP price loses this crucial support zone, it might crash to the psychological support at $1.
Source: TradingView However, if buy-side pressure rises after the bounce from this zone, XRP price could move to the 61.8% Fib of $1.40. If it closes above this Fib, it could extend the gains towards $1.65.
Evernorth CEO Asheesh Birla says the company’s Nasdaq debut marks a major milestone for XRP (CRYPTO: XRP).
The company plans to deploy its 473 million XRP holdings gradually into institutional lending and DeFi opportunities prioritizing security, liquidity and sustainable returns.
Speaking on the Thinking Crypto podcast, Birla outlined Evernorth’s plan to become more than a passive crypto treasury company.
Unlike Bitcoin treasury firms such as Strategy (NASDAQ:MSTR), Evernorth plans to generate risk-adjusted yields from its XRP holdings through TradFi strategies and emerging on-chain protocols.
"With Bitcoin (CRYPTO: BTC), you can move, you can hold, but you can’t really do much on-chain," Birla said.
He pointed out Evernorth’s primary performance metric is to maximize XRP per share, although he declined to disclose future acquisition plans.
Evernorth is trading under Armada Acquisition Corp II (NASDAQ:XRPN).
XRP Lending, DeFi Could Drive Institutional DemandBirla expects XRP Ledger lending, vaults and DeFi applications to attract institutional capital and expand XRP liquidity.
Evernorth is evaluating on-chain partners, while growing tokenization could boost demand for blockchain-based lending and settlement.
However, Birla emphasized risk management before deploying treasury assets.
“We’re going to take it slow and build methodically,” he said.
Why XRP’s Nasdaq Debut Is a Turning PointBirla described Evernorth’s public listing as validation of XRP’s original focus on financial services, saying its institutional use cases are now materializing on Nasdaq.
He cited growing participation from BlackRock (NYSE:BLK), Morgan Stanley (NYSE:MS) and Wells Fargo (NYSE:WFC) as evidence of traditional finance embracing blockchain.
Birla expects tokenization and 24/7 markets to expand access to financial assets.
Evernorth looks to focus on deploying its XRP treasury and developing institutional-grade infrastructure on the XRP Ledger.
Image: Shutterstock
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SRH, a US-based investment adviser with $3 billion in AUM, has reported holding 27,301 shares of Franklin Templeton’s Franklin XRP ETF (XRPZ).
The firm disclosed the XRP ETF investment, worth about $441K, in a quarterly Form 13F filing with the US Securities and Exchange Commission (SEC).
Notably, institutional investment managers with more than $100 million in assets under management must file these reports every quarter to disclose their long positions in US equities.
SRH’s investment adds to the expanding number of US financial firms gaining exposure to XRP through regulated exchange-traded products. However, Form 13F filings only show an institution’s holdings at the end of a quarter, so SRH’s current position may be different from the amount it reported.
US wealth manager SRH reveals investment in Franklin XRP ETF The Franklin XRP ETF Franklin Templeton launched the Franklin XRP ETF on NYSE Arca in November 2024. Trading under the ticker XRPZ, the fund operates as a passively managed grantor trust that holds XRP directly and tracks the CME CF XRP-Dollar Reference Rate.
Importantly, it charges a net expense ratio of 0.19%, which makes it one of the lower-cost regulated XRP investment products available to US investors. Over the past 52 weeks, the fund’s share price has ranged from $10.77 to $26.09.
On Oct. 22, XRPZ recorded $3.5464 million in net inflows in a single day, bringing its cumulative net inflows since launch to $519 million.
Across all spot XRP ETFs, total net assets stood at $1.488 billion, while cumulative net inflows reached $1.804 billion. During the third quarter of 2026, XRPZ attracted $90.64 million in net inflows.
Wall Street’s Expanding XRP ETF Footprint SRH’s disclosure follows a series of institutional filings showing that more traditional financial firms are investing in XRP ETFs.
Goldman Sachs reported $86.5 million in XRP ETF holdings as of June 30, 2026, in its SEC Form 13F filing. The investment covered five spot XRP ETFs, including approximately $25.76 million in the Bitwise XRP ETF and $25.41 million in Franklin Templeton’s XRPZ.
Bloomberg Intelligence’s review of second-quarter 2026 filings ranked Goldman Sachs as the largest institutional holder of spot XRP ETFs, ahead of Jane Street Group and Millennium Management.
Morgan Stanley also reported holdings across several XRP investment products in its latest Form 13F filing. The firm held 6,715 shares of Franklin’s XRP ETF, 255 shares of the REX-Osprey XRP ETF, and 67 shares of the Bitwise XRP ETF.
AdvisorNet Financial disclosed 12,380 shares of Franklin’s XRP ETF, worth approximately $177,800, in its third-quarter 2026 filing.
Meanwhile, UMB Private Wealth Management reported an XRPZ position valued at $100,316 as of Sept. 30, 2026. In addition, Vista Finance disclosed 129,958 shares of the Franklin XRP Trust ETF worth approximately $11.45 million.
XRP ETF Market Performance Spot XRP ETFs have continued to perform impressively this year. The products attracted $307.87 million in net inflows during the third quarter of 2026. July accounted for $27.29 million, August brought in $159.18 million, and September added $121.40 million.
Over the same period, XRP’s price rose by more than 45%, climbing from $1.04 to $1.51. The Bitwise XRP ETF led the market with $177.94 million in third-quarter inflows, bringing its total assets to $618.81 million.
However, the market saw some withdrawals in October. During the week ending Oct. 16, 2026, US spot XRP ETFs recorded approximately $1.84 million in net outflows, ending a 13-week streak of consecutive inflows.
Despite this setback, cumulative net inflows approached $1.8 billion, while ETF assets remained around $1.47 billion. On October 22, XRPZ helped restore positive momentum by accounting for the entire $3.5464 million in daily inflows.
Ripple, a leading enterprise blockchain solutions provider, has partnered with Arf, a Swiss financial technology firm, to deliver stablecoin-powered financing on the XRP Ledger (XRPL). This collaboration aims to connect the XRPL blockchain with Arf’s existing payment operations, which handle approximately $10 billion in settlement volume each year.
Stablecoin-Powered Working Capital SolutionsArf announced on October 22 that it will use Ripple’s RLUSD stablecoin to provide short-term working capital for licensed cross-border payment companies. These financing arrangements typically last between one and five days, enabling companies to quickly reuse capital as international settlements close.
Cross-border remittance providers often require instant access to liquidity in destination markets, even before customer transactions finalize. With billions of dollars moving across various currencies and banking frameworks, this need often causes a liquidity shortfall.
Arf addresses this challenge by supplying settlement liquidity: it advances funds during payment processing and recovers the amount once transactions complete. The company reports that its working capital cycles about four times per month, helping the same pool of funds to back numerous transactions.
Arf said it will directly supply RLUSD-denominated liquidity on XRPL and retain control over lending decisions and borrower evaluations under the partnership.
The deal builds on Ripple’s recent collaboration with financial infrastructure firm DriveWealth, which linked RLUSD with a brokerage funding platform serving more than 100 institutional partners.
Ripple has also strengthened XRPL’s payment ecosystem through integrations like Stripe-owned Privy, which bring support for embedded wallets and automated crypto transactions.
Onchain Lending Protocol Proposed for XRPLLooking ahead, Ripple and Arf are exploring broader onchain financing through the XRPL’s proposed native lending infrastructure. This development could eventually allow Arf to conduct a greater share of its financing directly on the blockchain network.
The proposed architecture includes Single Asset Vaults—pools that collect working capital—and a Lending Protocol optimized for structured loan arrangements. Unlike many decentralized finance platforms, this model is designed around offchain credit assessment and underwriting, reducing reliance on excessive collateral requirements.
Arf has already begun building services based on this proposed infrastructure. However, the project’s deployment depends on achieving sufficient votes from XRPL validators.
As of October 20, validator support for the new modules remained below the required threshold: just 19 validators supported LendingProtocol and 21 for SingleAssetVault, while 29 votes were needed.
This initiative follows Ripple’s earlier institutional credit efforts in partnership with Clearpool and Cicada Partners, which also used RLUSD to finance operational business needs on blockchain rails.
Mini dictionary: Arf is a Swiss fintech firm offering digital liquidity and settlement services to licensed financial institutions, specializing in real-time cross-border payment solutions.
FeatureRLUSD on XRPLTraditional SettlementLiquidity typeStablecoin-based (RLUSD)Bank-based fiatCapital reuse cycle1–5 daysSeveral days to weeksGlobal reachOnchain, cross-borderCountry specific, often fragmented
Brent crude touched $115.84 on Friday, its highest level since May. Houthi attacks on Saudi Arabia and fears of new US strikes on Iran drove the move.
Other energy prices were mixed, Trading Economics data show:
West Texas Intermediate (WTI) crude rose 1.35% on the day to $100.81. Heating oil gained 1.48% to $5.01 per gallon. US natural gas fell 2.86% to $2.72 per million British thermal units (MMBtu). Brent Crude Daily Price Chart Showing the Climb to its Highest Level Since May. Source: TradingViewThe rally landed on markets still shaken by a tech selloff. Crypto also slipped as investors pulled back from risk.
Gulf Attacks Put a Risk Premium Back on OilYemen’s Houthis said they hit Saudi energy targets, including an Aramco site in Yanbu and the Shaybah oilfield. Aramco later ordered staff out of its Dhahran headquarters on the Gulf coast.
OilPrice noted that this suggests the group can now strike well beyond its usual Red Sea targets. A pipeline shutdown in Libya also cut output at two fields.
ING analysts cited reports that Trump is weighing fresh Iran strikes as a second US carrier deploys. The bank now calls its earlier $80 fourth-quarter Brent forecast unattainable. Brent first reached a five-month high earlier this week, BeInCrypto reported.
“If anything, re-escalation seems the most likely path. As a result, our expectation that ICE Brent would average $80/bbl over 4Q26 is looking unattainable. Even if tensions don’t re-escalate, the mere possibility is likely to keep a sizeable geopolitical risk premium embedded in prices,” the analysts said.
Still, commodity trader Jack Prandelli sees a split. He noted Dated Brent, the physical cargo price, slid from about $135 in early October to around $118.
The oil market is sending 2 different messages.
Dated Brent, the price of physical cargoes, has dropped from about $135 in early October to around $118.
Brent futures have gone the other way, up to about $112.
The gap between them has shrunk from roughly $30 to under $10 in 3… pic.twitter.com/BXInybZC0i
— Jack Prandelli (@jackprandelli) October 22, 2026 Follow us on X to get the latest news as it happens
Tech Selling and Rate Fears Weigh on Risk AssetsThe oil rally arrived amid a sharp drop on Wall Street. On Thursday, the Nasdaq Composite fell 2.6% to 26,008.86, while the S&P 500 lost 1.21%.
Meta led the decline, falling nearly 7% after raising its 2026 spending floor to $135 billion.
Crypto did not escape Thursday’s selling on Wall Street. That spillover shows in BeInCrypto Markets data. Total crypto market capitalization fell 3.74% in 24 hours to $2.76 trillion. Ethereum (ETH), XRP (XRP), and TRON (TRX) were among the major assets trading lower.
Analyst Benjamin Cowen tied that volatility back to oil.
Oil adds pressure through interest rates. Higher crude feeds inflation expectations and strengthens the case for tighter Fed policy.
Traders still saw about an 83% chance that the Fed holds rates at its October 27-28 meeting. Renewed energy price gains, however, could shift those odds.
Next week brings two tests. The Fed announces its rate decision on October 28, and Microsoft, Amazon, and Alphabet report earnings.
Whether Brent holds above $115 into those events may decide how quickly risk appetite returns.
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TL;DRU.S. spot Bitcoin ETFs lost $635 million in one of the largest daily outflows in months, while over 82,000 traders were liquidated, mostly longs.
Grayscale’s Zcash ETF (ZCSH) posted a third straight day of inflows ($14.23 million) ahead of the NU7 hard fork on November 5.
Spot XRP ETFs added $3.55 million, with XRP outperforming the market ahead of Ripple Swell.
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DFINITY founder Dominic Williams accused NEAR Protocol of building NEAR Intents on DFINITY’s proprietary technology; NEAR fell 1.29%.
The Friday morning session on the crypto market, October 23, 2026, is characterized by a large redistribution of institutional capital amid profit-taking in Bitcoin. The total capitalization of the crypto market stands at $2.75 trillion with a daily trading volume of $108.21 billion. Planned de-risking amid macroeconomic pressure triggered a wave of margin position closures.
Crypto market capitalization heat map with BTC at $81,657.29 and 60.02% dominance, Source: CoinMarketCapThe external factor is the correction of the U.S. stock market, where the S&P 500 index fell by 1.24%, and the price of gold was recorded at $4,029.80. A direct consequence of this dynamic was one of the largest daily outflows in recent months from U.S. spot Bitcoin ETFs, amounting to $634.99 million.
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The trading structure points to an intra-market rotation of capital rather than its complete exit into fiat. While retail traders lock in losses, large limit orders absorb the drawdown in alternative assets. Liquidity is flowing into utility blockchain platforms of the banking sector and regulated exchange-traded products based on privacy coins.
The key beneficiaries of the morning distribution of funds are XRP and Zcash.
The great capital migration: how the Bitcoin drawdown fed XRP and ZECAccording to the SoSoValue analytics dashboard, U.S. spot Bitcoin ETFs recorded a net outflow of $634.99 million. The trading session also ended in the red zone for Ethereum funds, which lost $26.13 million, and Solana ETFs, where the outflow amounted to $2.65 million.
Countertrend resilience is demonstrated by Grayscale's spot Zcash ETF (ZCSH), which absorbed a net daily inflow of $14.23 million. Accumulation has continued for the third consecutive day after injections of $23.16 million and $12.88 million in previous sessions, which raised the fund's total net assets under management to $681.39 million.
Zcash spot ETF inflows chart showing a $14.23M net inflow and $681.39M in total net assets, Source: SoSoValueThrough this regulated instrument, institutional investors directly control 3.11% of Zcash's market capitalization, with a daily trading volume of $63.33 million and an underlying asset price of $1,236.83.
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In parallel, spot XRP funds recorded an inflow of $3.55 million, fully provided by the Franklin Templeton pool (FBIT). At the same time, issuers Bitwise, Canary, Grayscale, and 21Shares maintained a zero daily balance change.
XRP spot ETF net asset flows tracking a $3.55M daily inflow and $1.49B in total net assets, Source: SoSoValueFundstrat co-founder Tom Lee notes that this cycle represents a healthy correction, not a bubble: the short on big tech has become excessively consensus-driven, and the debt market is tightly limiting the inflow of speculative capital. The cumulative historical inflow into XRP ETFs has surpassed the $1.8 billion mark, with net assets under management at $1.49 billion (1.01% of the token's capitalization) at an estimated underlying asset price of $1.31.
Billionaires' race for privacy and code theft from ICP. Main stories of this morningAt the morning session, the focus of attention shifted from Bitcoin's price fluctuations to major corporate conflicts. In the U.S., a battle for control over privacy technologies is flaring up, accompanied by loud accusations of code plagiarism.
An open infrastructure war for Zcash has unfolded on the American market between Cameron and Tyler Winklevoss (Gemini) and DCG founder Barry Silbert. Demand for privacy has intensified due to AI tracking on public networks, so the miners they control, Cypherpunk Technologies and Fortitude Mining, each hold approximately 20% of the network hashrate. Big capital views the asset as a scarce alternative to Bitcoin with fixed issuance.
In parallel, a technology scandal is flaring up: DFINITY founder Dominic Williams publicly accused NEAR Protocol of patent theft. Williams claims that a key component of NEAR Intents is built on DFINITY's proprietary ECDSA threshold signature algorithm.
@hosseeb @grok The algorithm NEAR has been running on for two and a half years is patented. They also took vetKeys, it looks like, but that's not. Obviously if you're mining the repos, research, and work of competitors, without talking to them, referencing them, etc, this is a risk you take.
— dom | icp (@dominic_w) October 23, 2026 According to him, NEAR's solution runs on only 8 servers, is completely devoid of decentralization, and an emergency rollback to slower algorithms was recorded on NEAR's GitHub due to legal and litigation risks in the U.S. Against this background, the NEAR token decreased in value by 1.29%, trading at $4.96.
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At the same time, a flow of capital toward regulated Asia is being recorded, where traditional financial giants and state regulators are massively introducing stablecoins into the real sector of the economy.
Briefly about other important events this morning:
HSBC launches RedCoin in Hong Kong: Banking giant HSBC, with $3.4 trillion in assets, has officially deployed RedCoin (RCHKD), a stablecoin licensed by the HKMA and 100% backed by the Hong Kong dollar. It is instantly available to 3.3 million users of the PayMe app for payments across a network of 100,000 merchants.
Legalization of stablecoins in South Korea: The South Korean government recognizes stablecoins as an official means of payment from December 3. For this purpose, LG Group's IT division (LG CNS) has entered into a strategic alliance with Chainlink to digitize the Korean won on the $68 billion local crypto market.
Zcash anniversary and AI verification: The Zcash project celebrates a decade since its launch, and a $1,000 investment made five years ago is equivalent to $7,178 today. The developers used Anthropic's Claude AI tools for formal verification of code security before the Network Upgrade 7 (NU7) hard fork on November 5.
Ripple liquidity based on RLUSD: Ripple announces a partnership with the Arf platform to provide cross-border liquidity for the RLUSD stablecoin on the XRP Ledger network. The project is preparing to launch Web3 lending features ahead of the Ripple Swell conference, while traders on Kalshi are pricing in a scenario of XRP rising to $1.80 by the end of the year.
A healthy correction, not a bubble. What to expect from the market in the coming daysBitcoin quotes are holding at $81,657.29 (-0.07% over 24 hours) with a market dominance of 59.63%. The current decline is accompanied by a shakeout of margin positions. Over the past 24 hours, the positions of 82,246 traders totaling $332.09 million were liquidated on the futures market. The decline is directed against buyers: 82.6% of the total volume of forced closures fell on long positions ($274.37 million), according to CoinGlass.
Crypto derivatives liquidation heat map dominated by Ethereum at $59.54M and Bitcoin at $52.28M, Source: CoinGlassThe main blow was taken by Ethereum derivatives ($59.54 million in liquidations, 82.1% longs) and Bitcoin derivatives ($52.28 million in liquidations, 87.3% longs). Binance's share is 45.5%, and the largest order was recorded on Hyperliquid in the XYZ:SOXL-USD pair, worth $4.34 million.
The correction is fully synchronized with the U.S. technology sector, where the SPDR index (XLK) fell by 3.6%, and semiconductors dropped almost 7% after Meta's reports on AI spending of up to $135 billion.
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Amid Ethereum's drop to $2,403.04 (dominance of 10.72%) and Solana's stagnation ($104.46), the outperforming dynamics of XRP ($1.3172, daily growth of +0.66%) and Zcash confirm the local rotation. The scandal around the centralization of NEAR Intents is accelerating the exit of capital into regulated U.S. exchange-traded products (ETFs) based on protected protocols.
Indicators to watch:
Holding the BTC price corridor: Bitcoin's ability to lock in the $81,700 – $82,000 range will determine the speed of the market recovery.
Zcash hard fork (November 5): The launch of the NU7 upgrade acts as the main fundamental trigger for retaining institutional demand for ZEC.
Ripple Swell conference: Upcoming announcements on the RLUSD stablecoin could push XRP through local resistance at $1.32 – $1.50.
Legal consequences of the ICP/NEAR dispute: The dynamics of NEAR Protocol's quotes will directly depend on official responses to DFINITY's accusations in U.S. courts.
TLDR The XRP Ledger’s total stablecoin market cap fell 13.19% in a week to about $999.9 million. XRPL still ranks 12th in the world by stablecoin supply, one spot ahead of Aptos. RLUSD, which holds over 90% of XRPL stablecoin value, dropped 14.39% to around $907 million. Ripple burned $50.6 million RLUSD on XRPL and minted $38.6 million on Ethereum. Cross River Bank, Arf and Standard Chartered have all launched new RLUSD services. The XRP Ledger’s stablecoin market has shrunk over the past week. Data from DefiLlama shows that the total stablecoin market cap on XRPL fell 13.19% in seven days.
The figure now stands at about $999.9 million. That puts it just under the $1 billion mark.
Despite the drop, XRPL still ranks 12th in the world by stablecoin supply. It sits one spot ahead of Aptos, which holds 13th place.
XRP Price on CoinGecko RLUSD Leads the Decline Ripple’s dollar-pegged stablecoin, RLUSD, makes up most of the stablecoin value on the ledger. It accounts for about 90.75% of the total.
RLUSD’s market cap on XRPL fell to around $907 million as of October 22, 2026. That is a 14.39% drop over seven days.
Earlier in October, total stablecoins on the ledger had climbed above $1.3 billion. The current level is well below that peak.
Recent mint and burn activity helps explain the move. According to CoinGape, Ripple Treasury minted $38.6 million RLUSD on Ethereum while burning $50.6 million on XRPL.
That resulted in a net $12 million cut in circulating supply. The pattern points to Ripple moving RLUSD liquidity from XRPL toward Ethereum.
Institutional demand appears to be drawing RLUSD to Ethereum, where DeFi and collateral use cases are more developed. Because one issuer controls over 90% of XRPL’s stablecoin supply, Ripple’s decisions directly move the ledger’s numbers.
RLUSD’s total supply across all chains remains between $2.35 billion and $2.4 billion. This suggests the token is being spread across networks rather than shrinking overall.
New Partnerships on the XRP Ledger Ripple has continued to add partners on XRPL. Cross River Bank recently integrated RLUSD into its core banking platform on the ledger.
The integration gives fintech firms access to RLUSD-based settlement, cross-border transfers and blockchain payments. Growth in settlement volume from these partners could bring supply back to the ledger over time.
Ripple has also teamed up with Arf to provide 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 goes live.
Standard Chartered has opened institutional custody for RLUSD through its Dubai DIFC branch. The service gives regulated clients a way to hold the stablecoin.
XRPL passed Stellar in stablecoin supply earlier this year as RLUSD grew. It still holds that lead after this week’s pullback.
Market watchers are now tracking whether supply returns to the $1 billion to $1.2 billion range. They are also watching how Ripple splits RLUSD mints and burns between XRPL and Ethereum.
Gate.io has released its latest Proof of Reserves (PoR) report, showing that it holds more XRP than its customers collectively have on the exchange.
The Proof of Reserve, released on Oct. 20, 2026, puts XRP’s reserve ratio at approximately 115%, meaning Gate holds 15% more tokens than customers have deposited.
Based on the audit snapshot from Oct. 18, 2026, the report also shows that the exchange holds more than its customers’ balances across every other major asset class. Gate has published verified reserve reports since 2020.
Gate Strengthens Its Overall Reserve Coverage Gate’s October report reveals that customers held a combined $7.332 billion in assets on the platform at the time of the snapshot, including more than 52 million XRP.
The exchange held $8.688 billion in total reserves, bringing its overall reserve ratio to 118.49%. This marks an increase from the 117.26% recorded in the previous reporting period.
Gate’s reserves exceeded customer balances by $1.356 billion, giving the exchange an additional buffer to meet withdrawals if many customers seek to withdraw their assets at once.
Gate has maintained excess reserves throughout 2026, building on its first PoR audit in 2020. Its reserve ratio stood at 125% in January, when total reserves reached $9.478 billion, before falling to 122% in March.
The October ratio is lower than both earlier figures, partly due to the effect of a larger and faster-growing customer base. However, Gate still holds more than $1.3 billion above its customers’ combined balances, which keeps its total reserves well above its reported liabilities.
Gate Proof of Reserves Shows Small XRP Holdings Gate’s October PoR puts its XRP reserve ratio at approximately 115%. Specifically, customers held 52,529,328 XRP on the exchange, worth about $69.8 million at the time of the snapshot.
Gate.io Proof of Reserves shows XRP overcollateralized at 115% Meanwhile, Gate held 60,396,694 XRP, valued at approximately $78.9 million. By press time, XRP had risen to $1.33, pushing the value of the exchange’s XRP holdings above $80.3 million.
Interestingly, on-chain data provided by XRPScan shows that Gate now holds 58.65 million XRP across four XRP Ledger (XRPL) accounts. This represents approximately 0.88% of the 68.4 billion XRP tokens in circulation.
Onchain data shows Gate.io holds 58M XRP across 4 accounts Gate’s XRP holdings remain relatively small compared with those of the largest centralized exchanges. South Korea’s Upbit leads with approximately 4.4 billion XRP across 13 XRPL accounts, accounting for 6.43% of the circulating supply.
Coinbase follows with 3.99 billion XRP across 343 accounts, representing 5.84%, while Binance ranks third with 1.874 billion XRP across 145 accounts, giving it a 2.74% share.
Robinhood, Bithumb, Uphold, and Kraken also rank among the top 10 XRP exchange holders, holding between 958 million and 1.6 billion XRP. Phemex, meanwhile, reported an XRP reserve ratio of 153.55% in its September 2026 PoR.
Bitcoin, Ethereum, and Stablecoins Equally Well-Covered Gate also holds more Bitcoin and Ethereum than its customers collectively own. Customers held 21,156 BTC on the exchange, while Gate maintained 25,727 BTC in reserves, worth $2.115 billion. This brought its Bitcoin reserve ratio to 121.6%. Essentially, the exchange held more than 4,500 BTC above customer balances.
With Ethereum, Gate’s customers held 362,785 ETH, while the exchange maintained 449,042 ETH worth $1.082 billion. These holdings resulted in an Ethereum reserve ratio of 123.78%.
Gate’s stablecoin reserves also exceeded customer balances. The exchange held $929.8 million in USDT, giving it a reserve ratio of 111.68%. Its USD1 reserves reached $395.594 million, producing a ratio of 100.98%. As for GUSD, Gate held $317.3 million, giving it a reserve ratio of 181.11%.
TLDR: XRP Ledger now has a record 8.24 million non-empty wallets, extending a climb through price volatility. Network growth hit 4,772 new wallets in a single day, the fifth-largest spike recorded since March. Santiment names $1.40 as the first level to watch, with $1.50 in view if wallet growth stays near 4K. CryptoBusy says XRP needs to hold $1.33 to avoid a drop toward $1.30 and $1.26 as resistance stays in play. XRP holder count has reached a record 8.24 million non-empty wallets on the XRP Ledger, according to Santiment data. The milestone extends a steady climb that continued through months of price volatility.
Network growth also jumped, with 4,772 new wallets created in a single day. That reading ranks as the fifth-largest daily spike since March.
XRP trades near $1.36 as of writing, and market participants are now watching whether price action will confirm the rise in users.
XRP Holder Count Growth Gains Pace Santiment Intelligence shared the data in a post on X. The analytics platform said holder growth is still moving higher. The post presents the XRP holder count as a record for the network.
The post also covered new wallet creation. Network growth tracks how many new wallets appear on the ledger each day.
It reached 4,772 wallets in one day, the fifth-largest spike since March. Santiment said fresh participation is accelerating again.
🚨 XRP Holder Count Hits Record As Network Growth Accelerates
📈 XRP Ledger now has a record 8.24M non-empty wallets, extending a steady climb that has continued through months of price volatility. Holder growth is still moving higher with $XRP trading near $1.36.
🌱 Network… pic.twitter.com/IUpjoF5LQl
— Santiment Intelligence (@SantimentData) October 22, 2026
In addition, Santiment said the trend strengthens the bullish case if price continues confirming the rise in users. The firm linked its outlook to both price action and daily wallet creation. Therefore, the report treats price as the confirmation for the user data.
The climb has continued across months of price swings on the XRP Ledger. Price volatility during that stretch did not reverse the trend in wallet growth.
Meanwhile, XRP traded near $1.36 at the time of the report. The XRP holder count has kept rising throughout that period.
Key Price Levels Shape The Short-Term Outlook Santiment named $1.40 as the first level to watch. The firm tied the next move to a sustained break above that level.
Network growth would also need to stay near or above 4,000 daily wallets. A quick return to $1.50 would then be more than plausible.
On the downside, Santiment pointed to $1.30. If XRP loses that level, and new-wallet creation falls back below roughly 3,000, the adoption signal would look less convincing. That assessment applies to the short term only.
Separately, CryptoBusy posted a 4H chart view of XRP on X. The 4H timeframe tracks price in four-hour candles. The token is testing a major descending resistance trendline after recovering from $1.26 toward $1.40. Price briefly broke above the trendline but met selling pressure. It then pulled back toward $1.34.
$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
According to CryptoBusy, a confirmed breakout above $1.38 to $1.40 could open the door toward $1.45 to $1.50. However, failure to hold $1.33 could push XRP back toward $1.30 and potentially $1.26.
The key is whether XRP can break and hold above resistance. Until then, the broader downtrend remains intact. At the same time, the XRP holder count keeps climbing.
Santiment has reported that the number of non-empty wallets on the XRP Ledger reached a record 8.24 million, marking significant ongoing growth despite recent price volatility. The analytics firm underscored that this milestone continues a steady increase that began months ago, with network growth showing renewed momentum in recent days.
XRP wallet growth reaches new recordAccording to Santiment, the XRP Ledger added 4,772 new wallets in a single day, making it the fifth-largest daily spike in wallet creation since March. This surge points to a fresh wave of participant interest as the network continues to expand its user base.
The platform stressed that not only price performance, but also increasing wallet creation, supports a constructive outlook for the network. Santiment linked the trajectory of user growth to larger trends in XRP adoption.
Holder growth remains on an upward path, with the latest milestone reached as XRP traded around $1.36. Network activity continues to climb even in periods of price swings, emphasizing growing confidence among users.
While XRP price action has seen periods of volatility, wallet growth has persisted, suggesting that new entrants remain interested in the ecosystem. Market watchers are assessing whether price movement will eventually confirm underlying trends in user adoption.
Key resistance and support levels come into focusSantiment identified $1.40 as a key resistance level that could determine the immediate future direction for XRP. According to the platform, a sustained break above $1.40, along with daily new-wallet creation staying near or above 4,000, would open the door to a potential move toward $1.50. However, if XRP falls below $1.30 and wallet growth slows to around 3,000 new wallets daily, momentum could weaken in the short term.
Technical analysts are currently monitoring XRP’s four-hour chart, where the token recently tested a descending resistance trendline after recovering from $1.26 to as high as $1.40. Despite briefly crossing this trendline, the price faced selling pressure and retreated to near $1.34.
A breakout above $1.38 to $1.40 could clear the way for a rally toward $1.45 and $1.50, while holding above $1.33 remains critical to avoid reversal toward $1.30 or even $1.26.
Until there is a clear breakout above resistance, the overall downtrend remains intact for XRP, even as wallet numbers continue to rise.
Meme token activity highlights investor behaviorBeyond price and wallet statistics, closely following shifts in investor activity and timing has become increasingly important in today’s rapidly evolving digital asset landscape. In the meme token space, viral trends have quickly generated large inflows. For instance, analytics from Fomo App revealed that a trade involving the meme token “Niu Lai” turned a $99 investment into about $370,000, exemplifying the scale of dramatic returns possible within days.
Tracking not just prices but also when and where investors are moving capital has become a core priority for participants. Fomo App has integrated token discovery, trading, social feeds, investor rankings, and real-time trade notifications into a single platform, providing an all-in-one resource for monitoring meme token momentum alongside investor behavior.
XRP is trading at $1.31, down 4.4% over the past 24 hours, after more than six billion tokens moved onto exchanges over the trailing month — the heaviest inflow reading in seven months. CryptoQuant counts 6.05 billion XRP in 30-day exchange inflows, with Binance alone taking in 2.46 billion of it. The immediate question is whether that wave is selling pressure hitting order books, or ordinary market plumbing. Read carefully, the data points somewhere in between.
As of 23:37 UTC on October 22, XRP changed hands at $1.31, down 4.40% over 24 hours, with a market capitalization of $82.38 billion, good for fifth place among crypto assets, per CoinGecko. The 24-hour range ran from a low of $1.30 to a high of $1.37 on about $1.57 billion of volume. Over the past month the token has shed roughly 16% from its September 23 level near $1.57, and it sits about 64% below the all-time high of $3.65 it set in July 2025.
A 6.05 Billion Token Wave, Exchange by Exchange The headline number comes from CryptoQuant’s QuickTake platform, where analyst Arab Chain traced XRP movement onto centralized venues. “There has been a notable surge in XRP inflows to cryptocurrency exchanges, with the total volume reaching approximately 6.05 billion XRP over the last 30 days, the highest level in seven months,” the analysis reads.
The breakdown matters because it shows where the supply is landing. Binance absorbed the largest share at roughly 2.46 billion XRP, about 40.7% of the total. Bybit took in about 580.31 million, OKX 557.13 million, Upbit 544.48 million, Bitget 284.52 million, KuCoin 55.24 million and Gate 29.47 million. In dollar terms, 6.05 billion XRP at $1.31 is just under $7.93 billion in tokens that moved toward venues where they can be sold quickly.
The inflow spike arrives against a steadily declining price. The chart below plots XRP’s daily close over the trailing 30 days: the token has printed lower highs since late September, sliding from $1.57 down to the current $1.31 area.
Why Inflows Don’t Automatically Mean Selling CryptoQuant is explicit that the metric is not a sell signal. “It should be noted that an increase in XRP inflows to exchanges does not necessarily mean that investors are preparing to sell,” the analyst writes, adding that “interpreting this indicator becomes more accurate when compared with XRP’s price action, trading volume, and exchange outflows.”
The distinction is more than semantics. A transfer to an exchange can reflect custody moves, active trading, or wallet reshuffling — not a decision to dump. And the scale, while large in absolute terms, is a modest slice of the float: 6.05 billion tokens equals roughly 9.6% of the 63.1 billion XRP in circulating supply. A market that absorbed nearly a tenth of its circulating supply landing on venues in a single month, and only gave up about 16% from its September high, is not showing the hallmarks of a supply cascade.
The exchange-side picture is also softened by what is happening on the fund side. U.S. spot XRP ETFs were the demand story this autumn, though that streak cooled in recent days: the funds ended a 13-week run of consecutive weekly inflows in mid-October, a shift BlockchainReporter covered when spot XRP ETFs ended their 13-week inflow streak. With both daily ETF flows and price softening, the $1.30 level has become the line in the sand.
The Levels That Matter Now On the technical side, XRP’s immediate floor is the October 22 intraday low of $1.30, which also marks the 24-hour low across major venues. A break below it opens the way toward the October 18-19 lows near $1.29, the weakest prints of the month. On the upside, $1.37 — the October 22 high — is the first resistance, and above that sits the $1.40 round number where XRP has repeatedly failed over the past week.
These levels are drawn from the observed 24-hour and weekly ranges, not from a forecast. A daily close back above $1.37 would be the first sign that the inflow wave has been absorbed; a close below $1.29 would suggest supply is still clearing. Neither outcome is guaranteed by the flow data alone, which is the point CryptoQuant makes when it insists the indicator be read next to price and volume rather than in isolation.
The Wider XRP Picture Away from the order books, two threads frame the next several weeks. The XRP Ledger’s fixCleanup3_4_0 amendment lost the validator support it needed to activate on schedule, pushing the network’s cleanup change later into November and underscoring that the ledger’s own upgrade cadence runs independently of the token’s price. Meanwhile, XRP remains the asset at the center of Ripple’s long-running regulatory fight with the SEC, which continues to shape how institutions weigh the token.
For a longer horizon, the XRP price prediction case rests on a different set of drivers — ETF flows, ledger utility, and the resolution of the SEC dispute — rather than the month-to-month movement of tokens onto exchanges. The inflow print is a snapshot, not a verdict.
Frequently Asked Questions What is XRP’s price today? XRP traded at about $1.31 on October 22, 2026, down 4.40% over 24 hours, with a market capitalization of roughly $82.38 billion, according to CoinGecko.
Why is XRP down today? XRP fell as CryptoQuant reported 6.05 billion XRP in 30-day exchange inflows, a seven-month high, while spot XRP ETF inflows cooled after a 13-week streak ended.
Does the exchange inflow data prove whales are selling? No. CryptoQuant notes that inflows can reflect custody moves, trading, or wallet transfers, and says the metric must be read alongside price action, volume, and outflows.
What are XRP’s support and resistance levels? Immediate support sits near $1.30, the October 22 low, with the October low around $1.29 below it. Resistance starts at $1.37, then the $1.40 level where the token has repeatedly failed.
How much of XRP’s supply is 6.05 billion tokens? 6.05 billion XRP equals roughly 9.6% of the 63.1 billion XRP in circulating supply, worth about $7.93 billion at $1.31 per token.
Data: CoinGecko, Binance, CryptoQuant.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
AUTHOR
Samuel is a professional cryptocurrency writer specializing in blockchain technology and market analysis. He delivers in-depth insights into emerging trends and developments, producing well-researched, engaging content that makes complex crypto topics accessible to both newcomers and experienced industry professionals. Through his analytical approach and clear writing style, Samuel provides valuable perspectives on the evolving digital asset landscape, establishing himself as a credible and trusted voice in the cryptocurrency industry.
XAO DAO says several proposals have passed in the last couple of weeks, and a community forum is now live, calling it a huge milestone.
XAO DAO co-founder Santiago Velez announced that proposal 66 had passed, authorizing the decentralized autonomous organization to deploy 80% of its XRP treasury into Firelight, a DeFi protocol focused on decentralized insurance and yield.
The decision would put a large share of the DAO’s XRP holdings to work in a strategy intended to generate returns for members while contributing capital to protection services for decentralized finance.
XAO DAO Vote Approves XRP Deployment to Firelight In his announcement, Velez described the proposal as, to his knowledge, the first time a DAO had deployed treasury funds into a multichain DeFi strategy combining decentralized insurance with yield generation.
He thanked co-manager Fabio Marzella, Flare Networks co-founder Hugo Philion, and the Flare team for developing the Flare Smart Accounts technology, as well as Firelight for the opportunity.
The plan connects XRP with Firelight through Flare Smart Accounts, which provide a route for XRP holders to use DeFi applications. In an October 6 post, Flare described Firelight as a way to put XRP behind a protection layer for DeFi with a single XRPL signature.
Firelight posted the same day that anyone deploying XRP through the feature should connect a supported XRPL wallet and choose to mint and deposit FXRP into the Firelight vault, adding: “So bullish on this.”
Meanwhile, XRP itself was changing hands at $1.34 at the time of writing, having barely shifted in 24 hours but dropping nearly 4% of its value in the last seven days and over 11% across one month. It is also more than 44% lower than where it was a year ago, with the current price a 63% dip from its $3.65 all-time high attained in July 2025.
You may also like: XRP Ledger’s Latest Fix Pushed to November After Voting Setback Ripple Backs SEC’s Proposed Crypto Regulation, Calls for End to Case-by-Case Enforcement XRP Ledger Bug Fixes Set for Friday Activation as DeFi Lending Awaits Approval Governance Changes Aim to Broaden Community Participation The treasury vote follows a wider push to improve how XAO DAO members take part in decisions. In an October 22 update, the organization announced that several proposals had passed in recent weeks and introduced a community forum.
Marzella also outlined updates to the governance app, including proposal management, discussion tools, XRP and RLUSD donation tracking, support for several languages and searchable records.
As CryptoPotato reported in August, XAO DAO was preparing governance changes that included wallet delegation, revised quorum rules and community mini-grants. Delegation would let members assign their voting power to others, while changes to quorum rules were intended to address inactive wallets that could obstruct proposals.
The broader concern was how to turn community participation and funding into lasting activity across the XRP Ledger ecosystem. That question also arose after XRPL infrastructure team Gen3 announced on August 12 that it would wind down its retail products Aigent.run and AxiomProtocol, citing weak demand and rising infrastructure costs.
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.
Ripple partners with the Swiss platform Arf to offer short-term financing in RLUSD to licensed payment companies on the XRP Ledger. Announced on October 22, 2026, this service starts without the native XRPL lending protocol, which is still awaiting a vote by validators.
In brief Ripple and Arf announce, on October 22, short-term financing in RLUSD on the XRP Ledger. Advances are generally repaid in one to five days. Arf declares approximately 10 billion dollars in annual settlements. The native XRPL lending is not activated due to insufficient votes from validators. The amount of RLUSD deployed by Arf has not been disclosed. Arf brings RLUSD to payment companies on XRPL Based in Zug, Arf will first provide liquidity in RLUSD directly on the XRP Ledger (XRPL). RLUSD is Ripple’s dollar-backed stablecoin launched in December 2024. These advances are generally repaid in one to five days, as the payments are settled.
In its press release, Arf states it processes about 10 billion dollars in settlements per year with capital reused four times per month. These figures are provided by the company itself. However, the amount of RLUSD it will place on XRP Ledger is not specified.
Jasmine Cooper, product lead at RippleX within Ripple, believes this use case matches the purpose of XRPL and RLUSD.
A short credit to prefinance cross-border payments A payment company often has to advance funds in the destination country before collecting the payment. In this regard, Arf highlights that bank credit lines can require months to set up and significant collateral.
The mechanism is simple: the company borrows RLUSD, settles the transaction, and repays when its own funds arrive. Arf keeps credit evaluation and financing decisions off-chain. This ties the model to “PayFi,” finance built around payment flows.
Is the native XRP Ledger lending already activated? No. Arf plans to use it once available. It relies on two amendments:
XLS-65 which creates single-asset vaults; XLS-66 which allows fixed-term loans. As of October 19, XLS-66 had 19 votes out of 35 and XLS-65 had 21. Activation requires more than 80% support for two consecutive weeks. Halborn conducted a new code audit and found no critical or high-level flaws.
What the announcement changes for RLUSD and XRP For RLUSD, it adds a credit use. On August 25, Ripple indicated its market capitalization exceeded 2 billion dollars, nearly one billion of which was issued on the XRP Ledger. Other data however show a 117 billion dollar decline over 15 months.
For XRP, no quantified effect is currently demonstrated. Certainly, XRPL fees are paid in XRP. However, the volume of this financing remains unknown. No conclusion on the XRP price can be drawn from this. At the time of writing, this digital asset trades around $1.30.
Nevertheless, three elements to watch closely in the coming days are:
the evolution of votes on XLS-65 and XLS-66; the amount of RLUSD actually deployed by Arf; the onchain data Arf makes available. Ripple (XRP) and Arf thus launch short-term financing in RLUSD on XRPL, but its volume remains unknown. Extension to native lending depends on a vote still far from the required threshold. The coming weeks will tell if usage follows the announcement.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Ripple and Arf are bringing RLUSD-powered settlement liquidity to licensed cross-border payment firms on the XRP Ledger, with native XRPL lending planned later.
Ripple (@Ripple) has partnered with settlement platform Arf (@arf_one) to provide settlement liquidity for licensed cross-border payment companies on the XRP Ledger (@XRP) $XRP. Under the plan, Arf will use Ripple's dollar-backed stablecoin $RLUSD to fund transactions before payment firms complete settlements, typically within one to five days.
How the RLUSD funding worksCross-border payment companies often need money in place in destination markets before incoming transfers have settled.
Arf's offer is short-duration financing.
According to Arf,
Arf's CEO Ali Erhat Nalbant said the company is meeting this need at scale. That figure is self-reported by the company. Jasmine Cooper, Head of Product for RippleX at Ripple, said
Native XRPL lending still pendingArf plans to expand into native XRPL lending once the protocol launches. That step is not yet live.
The arrangement also gives RLUSD a credit use case.
The partnership shows how stablecoins are being tested as working capital for payment firms rather than only as trading instruments. Its impact will depend on how much RLUSD financing licensed firms take up and on whether validators approve the lending amendments.
Sources:
crypto.news: Ripple teams up with payments firm Arf to expand RLUSD use on XRPLFinopotamus: Arf and Ripple partner to bring settlement liquidity to the XRP LedgerCointribune: Ripple plans new RLUSD financing services
The XRP ecosystem is attracting heightened attention in the digital asset space, reflecting a series of recent developments and growing institutional interest. Industry commentators have spotlighted these advances, and in a recent panel discussion, market participants underscored the positive outlook for XRP in the near term.
XRP support highlighted at Crypto Daily RoundtableDuring Mario Nawfal’s Crypto Daily Roundtable, Shyla, Chief Marketing Officer at Yellow, joined a panel of crypto experts and offered a notably optimistic perspective on XRP’s trajectory. Alongside figures such as host Kelly Kellam and Chris Terry of Bitseeker Consulting, Shyla delivered a clear message on her position regarding XRP.
Describing herself as a “hardcore XRP maxi,” Shyla referenced several factors fueling her confidence, including Evernorth’s recent listing on NASDAQ and a banking institution’s move to integrate RLUSD into its operations. She also pointed to the official launch of the XRP channel on X, which rapidly amassed over 100,000 followers, and the unveiling of an updated branding website for XRP.
While acknowledging that XRP’s market price had not yet fully reflected the recent momentum, Shyla remained enthusiastic about the asset’s potential, stating that those not engaged with XRP at present could miss a significant opportunity.
Shyla declared herself a committed XRP supporter and highlighted the series of catalysts behind her optimism: from major exchange listings and institutional integration to surging community engagement. She voiced, “you’re missing out if you’re not riding the XRP wave right now.”
Institutional adoption and the link to traditional financeAddressing the growing intersection between decentralized and traditional finance, Shyla emphasized that validation between these realms is reciprocal. She argued that institutional engagement with crypto assets is balanced by blockchain projects creating channels into the traditional financial sector. According to Shyla, XRP has maintained its relevance partly due to its deep institutional ties.
She cited Evernorth’s NASDAQ listing as evidence of institutional confidence, noting that the firm’s digital asset treasury holds hundreds of millions in XRP. Additionally, she mentioned BlackRock’s involvement with Bitcoin and other leading cryptocurrencies, as well as the progress of projects like Canton that have advanced through strong partnerships with established financial entities.
When the conversation turned to the sustainability of the current enthusiasm, Shyla offered a balanced view, noting the substantial capital flowing into the space but cautioned that time would ultimately determine whether recent advances would translate into lasting growth.
Shyla maintained that the influx of funds demonstrates growing interest but qualified her remarks by adding, “I don’t know. Time will tell. But I think that there’s a lot of money going in, being spent in that direction.”
Major upcoming events and the value of market monitoringThe panel identified the upcoming Ripple Swell conference as a focal point likely to generate significant announcements for the XRP community. Shyla noted that discussion about XRP has already become dominant on social media platforms and encouraged broader engagement among crypto enthusiasts.
Panelist Chris Terry briefly added that XRP remains well-positioned in the eyes of institutions, attributing this to Ripple CEO Brad Garlinghouse’s public profile and connections with key policymakers. Terry further commented that the trajectory of the token depends on real-world use cases and sound tokenomics going forward.
In volatile segments such as meme tokens, market trends can develop rapidly, driven by viral internet trends that transform modest investments into substantial gains within days. An example cited by Fomo App involved a “Niu Lai” trade that grew a $99 investment to roughly $370,000. In such sectors, timely market analysis, understanding investor timing, and tracking token selections can be decisive. Platforms like Fomo App allow users to monitor meme tokens, benefit from real-time trade alerts, and follow investor rankings, providing a consolidated environment for token discovery and community-driven trading.
Overall, Shyla concluded by reaffirming her expectation that institutional developments would continue to fuel XRP’s progress, citing the current landscape as favorable for long-term growth.
Vet, a prominent XRP Ledger (XRPL) validator, has refuted the popular misconception that the broader adoption of the XRP Ledger network does not necessarily impact its token, XRP.
The expert recently took to X to respond to the complaints that XRP seems not to be involved as much in tokenization or that it does not show significant price increases despite the network's growing ecosystem.
"I see sometimes comments saying XRP is not used here, why tokenized assets, price is not moving, etc.," he said.
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Vet explained that such claims are due to a basic misunderstanding of how the XRP Ledger works.
"The XRP Ledger is a multi-asset ledger since 2012. XRP has a special role in auto-bridging: bridging liquidity on the DEX for the long tail of assets, aside from reserves/accounts/fees. More importantly, it's the only native asset on the network without a counterparty, neutral, can't be frozen, and anyone can accept it."
Why XRP is importantAuto-bridging is one of XRP's most important capabilities. This means that when two different assets are being traded on the decentralized exchange (DEX) within the XRP Ledger, XRP can act as a bridge between them.
However, Vet emphasized that the importance of XRP isn't only in its use cases for liquidity, transaction fees, account reserves, etc.
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"More importantly, it's the only native asset on the network without a counterparty - neutral, can't be frozen, and anyone can accept it," he said.
Unlike issued tokens that can have a counterparty and can be frozen, etc., XRP is not a claim on anyone.
What about the XRP price?Vet also responded to the popular question of why the price of XRP doesn't necessarily correlate with the increased utility of the XRP Ledger.
The expert explained that it is not necessary for the price of XRP to rise instantly whenever there is new tokenization or institutional integration.
Instead, the expert believes that the focus should be on increasing the adoption of the network first.
Then, as a secondary effect, one can expect that the price may potentially increase.
"A valuable network is a good place to house money," he said.
"It's order of operations. Let the price of the native asset be a knock-on effect of large-scale usage and acceptance of the XRP Ledger."
October 22 brought a new financing partnership for the XRP Ledger, an interest-paying digital deposit from SoFi and expanded trading capabilities at Uniswap. The day’s announcements also included regulatory action against Coinbase Ireland, a major venture-capital rebrand and a governance decision at Starknet.
Ripple and Arf Target Payment Firms’ Funding Needs
Ripple and Arf announced a partnership to provide licensed payment companies with short-term financing in RLUSD through the XRP Ledger. The funding is intended to cover the period while international payments settle, with Arf’s financing typically repaid within one to five days. A later phase would use XRPL’s proposed native lending features once the required amendments are activated.
SoFi Introduces a Tokenized Deposit Paying 4.40% APY
SoFi unveiled SOFIE, a tokenized bank deposit offering a variable 4.40% annual percentage yield, with deposits eligible for FDIC insurance within applicable limits. Customers can exchange SOFIE for SoFiUSD at a one-to-one rate, then use the stablecoin for crypto purchases or transfers to supported external wallets. Access is being introduced to SoFi Crypto members in stages through November.
Uniswap Expands Access to Liquidity From Other Exchanges
Uniswap Labs activated aggregator hooks on Ethereum, Base and Robinhood Chain, allowing its trading system to draw on liquidity from external platforms. Seven sources are available initially through the web app and API, giving the system additional prices and trading routes to compare. Swaps using these connections also generate protocol fees that contribute to UNI token burns.
Coinbase Ireland Receives €3.25 Million Penalty
Ireland’s central bank announced a €3.25 million penalty against Coinbase Ireland for shortcomings in protecting customer funds and overseeing outsourced operations. The settlement was reached on October 21 and disclosed on October 22, with the sanctions still requiring High Court confirmation. Coinbase said it had corrected the issues and that customers had neither lost money nor been prevented from accessing their funds.
Starknet Voters Support Research Into an Independent Blockchain
A Starknet poll that closed on October 22 recorded more than 93.5% of voting power in favor of researching a transition from an Ethereum Layer 2 into an independent blockchain designed for post-quantum security. StarkWare plans to prepare a draft whitepaper for public review in November. Any actual network transition would require further governance approval.
a16z Crypto Adopts the Frontier Name and Broadens Its Focus
Andreessen Horowitz announced that a16z Crypto is becoming a16z Frontier as its new fund expands into a wider range of emerging technologies. Managing partner Chris Dixon identified opportunities around artificial intelligence, new computing devices and other businesses that may take years to develop. The firm said cryptocurrency investments and its work on crypto regulation will continue under the broader mandate.
Dune Launches Faster Data Feeds for Onchain Markets
Dune introduced a market-data service that delivers information about blockchain trades roughly one second after execution, according to its announcement. Its spot coverage spans more than 200 trading venues across 12 networks, while a separate feed covers perpetual futures on Hyperliquid and Lighter. The service supplies standardized trade details and links them to the underlying blockchain transactions.
Fireblocks Rejects Report of Acquisition Talks With Visa
Fireblocks disputed an October 22 Axios report claiming Visa was in advanced discussions to acquire the company for approximately $2.5 billion. In a response to The Block, Fireblocks said the reported talks were untrue at that time, while Visa declined to comment. The companies have announced no acquisition agreement.
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.
XRP is displaying a familiar market structure on its weekly chart, according to cryptocurrency analyst EGRAG CRYPTO. The analyst reports that a potentially significant pattern involving the 50-week and 200-week exponential moving averages (EMA) has emerged, reminiscent of two previous cycles that led to substantial price recoveries for the token.
Historical EMA patterns and price cyclesEGRAG CRYPTO has identified a repeating sequence in XRP’s historical price movement, focusing on two previous instances when the 50-week EMA crossed below the 200-week EMA—an event traders call a “death cross.” These occurred between 2019-2020 and 2022-2023. In both cases, price entered defined ranges which the analyst marks as yellow accumulation zones, ultimately leading to strong rallies afterward.
In the current market, a third death cross appears to be forming. EGRAG CRYPTO highlights the importance of the yellow accumulation zones observed in previous cycles, posing a question about whether XRP will maintain its position in the upper part of this range or slip into the lower region before any potential reversal.
EGRAG CRYPTO points to two prior cycles marked by bearish EMA crosses and accumulation ranges, emphasizing, “2019–2020: EMA cross → accumulation → recovery. 2022–2023: EMA cross → accumulation → recovery. Will the third cross follow this pattern?”
The role of the ascending channelThe weekly chart also features a long-term ascending channel, established by two diagonal white lines encompassing the bulk of XRP’s historical price action. According to the analyst, XRP’s broad market direction remains bullish as long as the price remains within this channel. As of October 21, the token continues to hold above the upper accumulation range and within the channel boundaries.
EGRAG CRYPTO stresses that while EMA crosses can be informative, they are lagging indicators. Instead, the analyst assigns greater significance to the macro channel structure, stating that this pattern carries more weight than short-term moving average signals.
Mini dictionary: Exponential Moving Average (EMA), a type of moving average that places a greater weight and significance on the most recent data points, making it more responsive to recent price changes than a simple moving average (SMA).
Volatility and technical reference pointsEGRAG CRYPTO does not interpret the current setup as a definitive bearish sign for XRP. Instead, the analyst expects heightened volatility in both directions, warning of potential price wicks and shakeouts above and below the accumulation range before a clearer trend emerges.
The analysis also considers the 33-week and 111-week EMAs in addition to the primary 50 and 200-week averages. Notably, the 200 EMA, commonly depicted in red on technical charts, now sits considerably higher than its 2017-2019 lows and serves as an important support indicator for the current cycle.
EMA LevelRoleRecent Cycle Status50-week EMAShort/mid-term trend referenceCrossing below 200 EMA200-week EMALong-term trend, supportSignificantly above previous cycle lows33-week EMASecondary trend referenceTracked in current analysis111-week EMASecondary trend referenceTracked in current analysisXRP’s current position and analyst’s outlookAt present, XRP trades at $1.34, positioned above the upper section of the yellow accumulation zone and within the established ascending channel. The macro channel structure remains intact, with no breakdown below its lower boundary.
EGRAG CRYPTO, known for technical market insights, concludes that the overall macro structure is more critical than short-term indicator signals. Whether XRP temporarily dips lower within the accumulation zone or holds the high ground, the channel remains the determining factor for the long-term outlook unless it is decisively breached.
The analysis underscores, “The EMA cross is lagging. The macro structure is the key. Volatility will come, but unless the ascending channel breaks, the long-term trajectory remains unchanged.”
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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Ripple, a leading blockchain solutions provider, has unveiled a new partnership with Arf, a global platform specializing in liquidity and settlement services. This collaboration is set to enhance the utility and adoption of Ripple’s US dollar-pegged stablecoin, RLUSD, across the international payments landscape.
New settlement solution for cross-border transactionsThe partnership aims to deliver settlement liquidity powered by RLUSD directly on the XRP Ledger, enabling licensed payment companies to access short-term working capital for overseas transactions.
With RLUSD integrated into the process, payment firms awaiting the finalization of international transfers can now secure liquidity efficiently, improving transaction speed and reducing the need to immobilize large pools of capital in multiple markets.
Ripple stated that the development specifically targets one of the most significant challenges in global payments, where businesses routinely allocate substantial funds to facilitate the movement of money between jurisdictions.
Licensed payment providers will be able to fund transactions without having to lock in significant reserves, as RLUSD settlement liquidity will now be provided immediately on the XRP Ledger through Arf.
Arf, a firm that supplies liquidity and settlement infrastructure to payment service providers worldwide, will take on the role of delivering direct RLUSD settlement liquidity to the network. This move supports both companies’ efforts to improve efficiency and accessibility for cross-border payments.
The partnership establishes a model where payment companies no longer need to tie up excess capital as they await settlements. By utilizing RLUSD’s stablecoin liquidity, firms can instead recycle the same capital swiftly with each completed transaction.
Short repayment periods to drive efficiencyRipple clarified that the settlement liquidity provided through this collaboration will be made available with a short repayment period, ranging from one to five days. This allows the same funds to be redeployed rapidly as payments settle, streamlining the flow of cross-border transactions for clients.
The ability to provide liquidity with repayment windows as brief as one to five days is designed to enhance operational flexibility for payment firms using RLUSD stablecoins in their international business.
Both Ripple and Arf expect this development to enable payment companies to execute stablecoin-powered, real-time foreign payments without the operational burden and financial inefficiency of holding capital in various currencies and markets.
This announcement follows a series of advancements by Ripple as it continues to pursue growth and wider adoption of its stablecoin ecosystem. RLUSD’s presence on the XRP Ledger is central to this strategy, offering consistent liquidity solutions for payments firms engaging in cross-border activity.
The partnership signals a continued focus by both organizations on solving practical, day-to-day frictions in global payments using digital asset technology.
Arf is known for providing real-time lending and settlement infrastructure to financial institutions, supporting a wide range of payment and remittance companies around the world.
Ripple’s expansion of RLUSD-supported payments aims to further streamline international money movement for regulated financial entities and support the overall growth of stablecoin usage.
With further updates anticipated, the collaboration is expected to drive greater adoption of digital assets in global settlements.
Mini dictionary: Arf is a financial technology firm that offers real-time liquidity and settlement solutions for licensed payment and remittance service providers, helping them execute instant cross-border transactions without locking up substantial capital in correspondent accounts.
Ripple announced that Arf, a company that provides liquidity to cross-border payment companies, is preparing to offer short-term working capital on the XRP Ledger using RLUSD. The collaboration focuses on the financing needs that arise between the start of a transfer and the completion of the final settlement in international payments.
Payment companies may need to hold funds in advance to complete transactions in different countries. This results in money sitting in specific accounts, reducing the capital available to the companies. ARF’s approach aims to bridge this gap with short-term liquidity.
Ripple stated that RLUSD and XRP Ledger are designed to support these types of settlement needs. The announcement specifically emphasized that the target audience is licensed payment companies.
The key point here is that the announcement does not include a loan product for individual investors or a direct XRP purchase program. The focus of the collaboration is on using the dollar-backed RLUSD in the daily financing processes of payment companies.
The parties did not disclose a total financing commitment in their official statement.
*This is not investment advice.
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Crypto analyst Ali Martinez, recognized for his chart-driven market insights, outlined updated price targets for Bitcoin (BTC), Ethereum (ETH), and XRP following a recent upswing in the broader crypto market.
XRP approaches key resistance levelMartinez identified $1.25 as a crucial support for XRP on its three-day chart, referencing a potential inverse head-and-shoulders pattern. According to technical analysis, this pattern can signal a shift from a downtrend to an uptrend when confirmed. The left shoulder appeared earlier in the year, the head formed near $1 in August, and the right shoulder began developing close to $1.25.
The analyst stated that maintaining support at $1.25 may trigger a move toward $2, but a sustained close above $1.56 would offer further momentum. Conversely, a drop below $1.25 could set the stage for a decline toward $1.
Martinez emphasized that immediate upside resistance for XRP stands at $1.55, while holding $1.25 remains critical for continued gains. A reversal at this level could limit the current rally.
Bitcoin and Ethereum target higher levelsFor Bitcoin, Martinez pointed to $81,000 as the key support within its daily rising channel. He suggested that defending this level could prompt BTC to revisit $84,000 and possibly reach the mid-channel target of $86,500. If BTC were to fall below $81,000, further downside could extend to $76,000.
On Ethereum, $2,350 emerged as the immediate support based on a right-angled ascending broadening pattern. A bounce from that level would see ETH aim for $2,700 or potentially $3,000, whereas a daily close below $2,350 could shift focus to $2,000.
Mini dictionary: Right-angled ascending broadening pattern, a chart formation where price action expands upward between two diverging trendlines, often indicating increased volatility and potential for a strong breakout.
Martinez outlined immediate price targets of $86,500 for Bitcoin, $2,700 for Ethereum, and $1.55 for XRP, noting that surpassing these resistance levels could drive further gains.
AssetSupport LevelCurrent PriceImmediate TargetNext TargetBitcoin (BTC)$81,000$84,535$86,500$90,000Ethereum (ETH)$2,350$2,512$2,700$3,000/$3,100XRP$1.25$1.39$1.55$2.00Current chart outlookOn the daily chart, Bitcoin currently trades at $84,535, approaching resistance at $86,500. Ethereum stands at $2,512, targeting $2,700 and potentially $3,100 if the move sustains. Meanwhile, XRP is valued at $1.39, with the next technical resistance at $1.55 and a longer-term target of $2.
Ali Martinez is widely followed for technical analysis on the digital asset markets, particularly through his social media presence, where he shares chart-based outlooks for major cryptocurrencies.
XRP whales sent $112.4 million to Binance in recent weeks, marking the highest monthly average since March, according to data from crypto analyst Darkfost. This surge in large transactions has drawn attention, raising questions over whether a wave of selling may now be behind the market.
Whale activity hits peak, then normalizesAnalyst Darkfost defines whale activity as single transactions exceeding 1 million XRP. Since August, the monthly average of XRP transferred by whales to Binance rose by $72 million, reaching $112.4 million. During the most active days, inflows have topped $400 million, which represents a significant escalation in market-moving behavior.
After this period of heightened activity, inflows have reportedly normalized. XRP is currently trading at $1.32, reflecting a 4.41% drop in the past 24 hours but a 2.66% gain over the last week. Daily trading volume stands at $1.71 billion, highlighting the high level of interest among market participants.
Whale activity has intensified in recent weeks, largely characterized by transactions exceeding 1 million XRP. This trend has coincided with a sharp increase in selling pressure, setting a 7-month high in exchange inflows.
Whales appeared to capitalize on a recent rebound, as XRP recorded a price gain of more than 30% since August. Analysts note that coins sent to exchanges often precede potential sales, although on-chain data alone cannot conclusively confirm that all transferred amounts were sold.
XRP tests major resistance amid selling waveTechnical analysts such as CryptoBusy have pointed out that XRP is currently testing a significant descending resistance trendline on the four-hour chart. The price recovered from a low of $1.26 and briefly moved above $1.40, but buyers failed to sustain the breakout. The token soon retreated toward $1.34, experiencing rejection near $1.37.
This pullback fits the narrative of whales seeking to lock in profits following the rally. However, analysts have cautioned that the link between whale deposits and price rejections cannot be directly established based only on these figures.
XRP was unable to hold above the key descending trendline after briefly breaking out, with strong selling pressure bringing the price back below $1.34. According to market watchers, a confirmed breakout above $1.38–$1.40 would be required to turn short-term momentum bullish again.
Focus shifts to key levels and whale flowsDespite recent selling pressure, Darkfost points out that September’s peak in whale inflows remained below the levels reached during August. Current inflows have returned to typical ranges, suggesting some normalization. Price has also held above the $1.26 rebound low, indicating that the market continues to absorb large transactions without significant breakdowns.
CryptoBusy has identified $1.38–$1.40 as a critical zone; a close above this range could open the door for an advance toward $1.45–$1.50. If the price loses the $1.33 level, however, analysts expect a decline back to $1.30 and possibly $1.26.
Market participants are closely monitoring four factors: renewed whale inflows above the $112.4 million average, defense of the $1.33 support, a confirmed breakout above $1.38–$1.40, and whether daily trading volume remains at current elevated levels.
Consolidating data and trading toolsIn an environment where a sudden announcement from the Fed or an unexpected altcoin listing can influence the market within seconds, analysts emphasize the importance of monitoring these technical levels alongside real-time data. As traders react to rapid shifts in whale inflows and key support or resistance breaches, many are moving away from juggling multiple apps to track their portfolios, news, and charts. Privacy-focused platforms like CryptoAppsy now offer consolidated access to live charts, price alerts, news, and macroeconomic metrics, without requiring account registration, streamlining the process for active investors.
An XRP market analyst has outlined a long-term price target of $11.45 for the digital asset, suggesting that if the token approaches $11, its market capitalization would near $700 billion based on the current circulating supply. This projection, which extends to 2029 or 2030, signals a potential eightfold price increase from XRP’s recent trading range around $1.35–$1.36. However, it hinges on a significantly higher level of demand than presently observed.
Historical perspective and scaling challengesXRP has achieved multi-fold rallies in the past. According to crypto analyst More Crypto Online, a surge beginning in summer 2024 resulted in an 8.5-fold increase, with market capitalization rising from around $23 billion to current levels near $84 billion. While the token has previously registered large gains off smaller bases, repeating such performance now would require intensified buying interest given the much broader capital base.
Unlike previous cycles that started from lower valuations, any repeat of these multiples would no longer benefit from the same scale effects. The analyst underscores that achieving such high price targets is not simply a matter of chart patterns but necessitates widespread and sustained inflows to justify a valuation approaching $700 billion.
Market cap periodStarting valueEnding valueMultiple gainedSummer 2024–Present$23 billion$84 billion8.5×Projected 2029–2030$84 billion$700 billion (approx.)8.3×Key conditions and technical levelsThe $11.45 target is based on the assumption that the next major upward phase for XRP will match both the duration and magnitude of the move from its 2022 low to the forecasted 2025 high. The analyst refers to $11.45 as “a lighthouse,” emphasizing it as a directional goal rather than a fixed endpoint, and notes that reaching it may require several years.
Support levels between $1.10 and $1.38 are highlighted as critical near-term zones, with approximately $1 regarded as a broader reference. Any sustained breakdown below $1.10 would trigger a review of the bullish outlook, and the technical scenario is contingent upon a five-wave advance rather than a shorter, three-wave pattern.
The analysis also factors in ongoing market developments, including the rising circulating supply of XRP, which has grown from about 56 billion tokens in July 2024 to roughly 63 billion.
Institutional demand and supply dynamicsInstitutional participation remains uncertain. The analyst references estimated cumulative spot ETF inflows of $1.8 billion into XRP but cautions that broader institutional interest and continued inflows are necessary for sustained growth.
Ripple, the San Francisco-based blockchain technology firm behind XRP, conducts periodic releases of XRP from escrow. The analyst notes, however, that tokens held outside escrow are not immediately added to market supply, and not all end up being sold. The real test for investors will be whether persistent demand can offset the growth in supply, especially as institutions assess their actual need for the token in operational use cases.
Mini dictionary: Escrow, in cryptocurrency, refers to funds or tokens held by a third party (often a smart contract or company) to be released based on set conditions. Ripple’s XRP escrow is used to control token release schedules and reduce supply shocks.
A bank leveraging Ripple’s stablecoin infrastructure is not automatically required to purchase or utilize XRP for its operations, making institutional demand for the token itself a separate consideration.
XRPL's bug fix was nearly ready to go live, but a brief voting dip reset the 14-day countdown.
The XRP Ledger’s latest bug fix has been delayed until November after validator support briefly fell below the required threshold, just two days before its planned launch.
The amendment, called fixCleanup3_4_0, needed at least 29 votes from the 35 validators trusted by default to activate.
Upgrade Delayed Support reached that level on Monday, which kept the upgrade on track for an expected October 23 launch at 09:34 UTC. But that changed on Wednesday. At 12:54 UTC, only 26 validators were voting in favor, according to the XRPL Dashboard. That was enough to reset the entire approval process.
The vote count recovered to 29 by 14:46 UTC, starting a new 14-day countdown. XRPLWin now lists November 4 at 14:46 UTC as the expected activation time. Support has since increased to 31 validators, thereby giving the amendment a little more breathing room than it had during its first attempt.
It is important to note that the XRP Ledger requires support to remain above the threshold at every checkpoint, which takes place roughly every 15 minutes. That support must hold for 14 consecutive days. Even a brief dip can send the process back to the beginning. Neither XRPL Dashboard nor XRPLWin has identified which validators stopped counting toward approval. A validator does not have to actively vote against an amendment to affect the tally. If its server goes offline or restarts at the wrong time, its vote may not count at a checkpoint.
Meanwhile, the amendment in question bundles fixes across several parts of the network, including Single Asset Vaults, the Lending Protocol, automated market makers, the permissioned decentralized exchange, trust lines, NFTs, MPTs, escrow, transaction signing, and permission delegation.
Zooming Out The XRPL 3.4.0 server release introduces significant code changes, including the LendingProtocolV1_1 amendment. This proposed upgrade adds closed-ended vaults and cash-basis accounting to the upcoming native lending system.
You may also like: XRP Ledger Bug Fixes Set for Friday Activation as DeFi Lending Awaits Approval Ripple Pushes RLUSD Deeper Into Banking With New Cross River Partnership Major Ripple (XRP) Reveal From Seoul: XRPL Gets Privacy, AI Agent Upgrades, and More These vaults move through subscription, investment, and redemption phases, while interest is recorded as income only when loan payments arrive. It is currently open for voting, and validator support currently stands at 54.29%.
XRP is currently trading at $1.36, reflecting a 1.63% increase over the past week. This moderate rise stands in sharp contrast to one analyst’s bold forecast for much higher prices.
Crypto Captain, who posts technical analyses under the handle @UniverseTwenty, has released a projection suggesting that XRP could reach $22 per coin. He warned that the route toward this level will be marked by dramatic price swings, both upward and downward.
In a statement shared on social media, Crypto Captain described the potential price action:
Huge volatility ahead before reaching $22 per coin, with significant up and down swings. This scenario implies new all time highs are on the horizon.
According to David Schwartz, Ripple CTO Emeritus, the asset’s current record stands at $3.65. XRP reached this all time high in July 2025 and has not approached the level since.
Should Crypto Captain’s $22 target be met, this would constitute a price gain of more than 1,500% compared to its present value.
Mini dictionary: Ripple, a technology company focusing on real-time gross settlement systems, currency exchange, and remittance networks. XRP is the digital asset used within Ripple’s payment platform to facilitate cross-border transfers.
Technical outlook and chart patternsThe analysis shared by Crypto Captain centers on the weekly chart for XRP on the Bitstamp exchange, spanning from July 2025 to a projected period approaching 2027. The chart features numerous Fibonacci extension levels, with the 1.618 level placed around $8.15, the 1.272 near $5, the 0.786 at about $3, and the 0.382 close to $1.75.
A descending yellow trendline, connecting lower highs from mid-2025 through late 2026, represents a significant resistance zone. XRP consolidated for a prolonged period beneath this barrier until a breakout occurred in late August, propelling the price above the trendline.
Fibonacci LevelApproximate Price1.618$8.151.272$5.000.786$3.000.382$1.75Potential trajectory and key levelsAccording to the analyst’s outlined roadmap, XRP is once again testing the top of the descending trendline. If this level holds as support, the analyst suggests the price could accelerate toward the previously cited targets.
The projected price action begins with XRP moving above $2, briefly pulling back to establish support, then spiking toward $8.15 in line with the 1.618 Fibonacci extension. A sharp retracement to $2 is expected before the asset climbs rapidly to $10.50, dips to $8.15 again, and finally targets the $22 level.
While volatility is anticipated, the trendline breakout is viewed as a pivotal technical event. Crypto Captain’s outlook indicates that swift rallies and steep corrections may characterize the path upward, but $22 remains the final long-term target far above current levels.
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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