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Ripple ekosisteminin en önemli avantajı, özellikle sınır ötesi para transferleri ve kurumsal ödeme altyapısında gerçek bir kullanım alanına sahip olması. XRP, Ripple’ın ödeme çözümlerinde likidite sağlayan bir varlık olarak konumlanıyor ve bu durum XRP’yi yalnızca spekülatif bir kripto varlık olmaktan çıkaran en önemli faktörlerden biri. Bankalar ve finans kuruluşları tarafından blockchain tabanlı ödeme altyapısına olan ilginin artması, XRP için uzun vadede önemli bir kullanım alanı oluşturabilir.

Ripple’ın farklı ülkelerde finans kuruluşlarıyla yaptığı anlaşmalar ve ödeme altyapısını geliştirmeye devam etmesi de ekosistemin büyümesini destekliyor. Özellikle hızlı ve düşük maliyetli transfer imkanı, geleneksel uluslararası para transferlerine alternatif oluşturması açısından XRP’nin en güçlü taraflarından biri olarak öne çıkıyor.

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XRP/USDT paritesi günlük grafiği. 2024’ten beri 1$ üzerinde fiyatlanan XRP 2 yılın ardından dün 1$ altına sarkarak ilk kez bu fiyata temas etti. Daha sonrasında tekrar alım gelerek 1$ üstüne atmış olsa da, fiyatta hala bir zayıflık olduğu belli oluyor. Bu bölgeyi destek edineceğini çok düşünmüyorum. Her ne kadar psikolojij destek görevide görecek olsa bile uzun vade de fiyatı tutmayı başaramayacaktır.

1$ altında fiyatlama devam ederse, haftalıkta 0.97$ ilk destek bölgesidir. Bu alan kısa vade de test edilecek gibi görünüyor. Ancak düşüşün devam edip etmeyeceğini o bölgeyi test ettiğinde göreceğiz. Bu bölgeler fiyatı tutmayı başarırsa ilk hedef bölgesi 1.55$ seviyesi olacaktır. Burada ki geniş satış bölgesine temas etmek isteyebilir. Aksi şeklinde fiyatın düşüş yönlü devam etmesinde bir sonra ki destek bölgesi ise 0.57$ olacaktır.

Son dakika kripto para haberleri için hemen tıkla

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Cryptocurrency prices are largely consolidating, with Bitcoin (BTC) hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum (ETH) shows signs of recovery but remains below the $1,900 hurdle, while Ripple (XRP) hovers above the critical $1.00 support and is struggling to gain momentum.

Crypto sentiment lags ahead of CPI data releaseThe United States (US) Bureau of Labor Statistics (BLS) is expected to release the much-anticipated Consumer Price Index (CPI) report on Wednesday amid a cautious trading environment.

Market participants expect a small decline in consumer inflation and core inflation, with monthly CPI predicted to rise by 0.1%, against a backdrop of a 0.4% increase in June. Meanwhile, annual inflation is forecast to decline to 3.4% in July from 3.5% recorded the previous month.

Core CPI, excluding volatile food and energy components, is forecast to rise 0.2% monthly and 2.5% yearly, underscoring persistent inflationary pressures.

Crypto market sentiment is embedded in the Fear territory at 27 on Wednesday, down from 29 the day before, according to the Fear & Greed Index. This outlook indicates that risk appetite remains significantly subdued, capping the probability of a sustained recovery.

Crypto Fear & Greed Index | Source: AlternativeTechnical analysis: Bitcoin stays neutral amid unclear market directionBitcoin trades at $63,821, maintaining a capped tone as it sits beneath the 50-day Exponential Moving Average (EMA) at $64,584 and the 100-day EMA at $66,723. The pair still trades above the upward-sloping support trendline around $63,458 and finds additional underlying demand from the Parabolic SAR at $62,753, but bearish momentum dominates with the Moving Average Convergence Divergence (MACD) histogram in negative territory on the daily chart and the Relative Strength Index (RSI) hovering near 48, hinting that rallies could struggle while price remains under the clustered EMAs.

BTC/USDT daily chartImmediate support lies at the reclaimed trendline area near $63,458, followed by the Parabolic SAR level at $62,753, where buyers may attempt to arrest deeper pullbacks. On the topside, initial resistance is provided by the 50-day EMA at $64,584, ahead of the denser barrier at the 100-day EMA near $66,723. A sustained break above these would be needed to ease the current bearish bias, while the longer-term 200-day EMA at $73,129 marks a more distant hurdle for any medium-term recovery.

"Bitcoin has spent six straight months trading between $60,000 and $80,000, with activity fading amid prolonged consolidation and typical summer doldrums. Unlike the 2014, 2018, and 2022 bear markets, which saw steadily lower lows, BTC hit a 50% drawdown from its all-time high on February 5 and remains near that level as of August 11, reflecting apathy rather than a deteriorating trend," analysts at K33 Research highlighted in the weekly report published every Tuesday.

Altcoins technical outlook: Ethereum eyes short-term breakout, XRP lags recovery Ethereum trades at $1,893 while holding above the 50-day EMA at $1,865 and the latest Parabolic SAR at $1,829, but remains capped by the 100-day EMA at $1,924, keeping the near‑term bias mildly bearish.

Momentum is mixed, with the RSI hovering near a neutral 55 and the MACD below zero with a negative reading, which hints that upside attempts could continue to struggle under nearby resistance.

ETH/USDT daily chartOn the topside, immediate resistance lies at the 100‑day EMA at $1,924, followed by a more substantial hurdle at the 200‑day EMA near $2,166, where sellers would be expected to reassert pressure if reached. On the downside, initial support appears at the 50‑day EMA at $1,865, with the latest Parabolic SAR level at $1,829 reinforcing a secondary demand zone. A daily close below these supports would likely open the door to a deeper corrective phase in the coming sessions.

XRP, on the other hand, trades around $1.02. The pair remains under clear downside pressure, holding below the Bollinger middle boundary at roughly $1.06 and the 50-day EMA at about $1.09, which reinforces a bearish near-term bias. The spot price is also well beneath the 100-day and 200-day EMAs, at $1.18 and $1.37 respectively, underscoring a broader downtrend.

Momentum conditions support this view, with the RSI hovering near 38 in a weak, sub-50 regime and the MACD in negative territory, hinting at persistent selling pressure despite some recent stabilization.

XRP/USDT daily chartInitial resistance is seen at the Bollinger middle band near $1.06, followed by the 50-day EMA at $1.09 and the upper Bollinger band at around $1.11. Above these, the 100-day EMA at $1.18 and the 200-day EMA at $1.37 form a broader cap that would need to be reclaimed to ease the bearish tone. On the downside, the lower Bollinger band at $1.00 offers immediate support. A decisive break below this floor would open the door to fresh lows and potentially extend the current bearish sequence.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

The stolen XRP was converted to ETH, routed through THORChain and ultimately sent to Tornado Cash after the bridge was drained.

On August 9, a bridge connecting the XRP Ledger and Coreum (now rebranded as tx) lost close to 200,000 XRP after an attacker tricked its deposit-checking system into treating a wallet-to-wallet transfer as a real deposit.

The bridge has since halted, and both the operator and outside researchers have traced the failure to Coreum-side software rather than anything on the XRP Ledger itself.

What Happened, and How the Alarm Went Out The first public warning came from a trader posting as playa, who flagged that the bridge’s XRPL account rxXXXeMX8Gy5YvibvGLnQJ1XKKD7UswM1, was bleeding funds and pointed to the account’s DefaultRipple setting as the cause.

Playa said the balance had gone from 93,700 XRP to 77,200 XRP within minutes, a reading taken from an eleven-minute slice of what turned out to be a ninety-seven-minute drain.

Another user, Vet, pushed back in the same thread, writing that “the reason is the coreum bridge was being actively exploited.” Playa later agreed, posting, “I was rushing when I posted and didn’t dig in properly.”

The tx team confirmed the exploit in a statement, saying its software “incorrectly registered transactions that never actually delivered any XRP to the bridge.”

A technical breakdown from Reza Bashash filled in the mechanism: the attacker sent the bridge’s own wrapped token between two of their own wallets, attached a bridge-deposit memo, and because the token is issued by the bridge, the transfer showed up in its history and was read as a genuine deposit.

You may also like: ONE Dumps to ATL as Harmony Exploited in Unauthorized Mint of 4B Tokens Important Ripple News and XRP Price Update: August 11 Major XRP Ledger Upgrade Targets Institutional Adoption But There’s a Catch Relayers approved it, unbacked assets were minted on the Coreum side, and the attacker withdrew real XRP against them. Bashash put the total at 198,715.88 XRP, converted to ETH, routed through THORChain, and ultimately sent to Tornado Cash.

The tx says the vulnerability has been identified, the bridge remains halted, and it has filed a report with the FBI’s Internet Crime Complaint Center. No other bridged assets were affected, and the operator says a plan for compensating users is still being worked out.

A Deeper Look, and a Market Already Under Pressure A later on-chain review found the same root cause from a different angle: 21 separate Coreum relayers each attested to the same phantom deposit, letting the attacker mint bridge assets with nothing backing them, then repeated the trick with escalating amounts before cashing out.

Every payout that followed on the XRPL Ledger carried a valid multisignature from the bridge’s own relayer quorum, which is why the DefaultRipple explanation didn’t hold up once the transaction data was checked. Native XRP has no trust line to ripple along in the first place, and the flag governs only the bridge’s issued tokens.

The exploit landed while XRP was already sliding. The token sits near $1.02, close to a 21-month low, down roughly 4.4% this week as Bitcoin fell to about $64,000 and the broader crypto market shed some $40 billion in a day.

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XRP, haftalık kayıplarını yaklaşık yüzde 7’ye taşırken yıl başından bu yana yaşadığı düşüş yüzde 69,4’e ulaştı. XRP böylece 2024’ün son çeyreğinde 1 dolar seviyesinin üzerine çıkmasından bu yana en düşük fiyat bölgesine geriledi. Mevcut görünüm, altcoin için 1 dolar desteğinin yeniden test edilmesi ve aşağı yönlü kırılması riskini artırıyor.

Fiyat baskısının arkasında yalnızca teknik göstergeler bulunmuyor. XRP Ledger üzerindeki ağ aktivitesinin zayıflaması, ABD’de kripto düzenlemelerine ilişkin Clarity Act sürecinin ertelenmesi ve XRP ETF’lerine yönelik girişlerin belirgin biçimde yavaşlaması satış baskısını güçlendiriyor.

XRP 1 Dolar Desteğini Koruyabilecek Mi? XRP’nin teknik görünümü Temmuz 2025’te 3,658 dolarla kaydettiği zirvenin ardından bozulmaya başladı. Altcoin, Ekim 2025’te yaşanan düşüş yönlü hareketli ortalama kesişiminin ardından da aşağı yönlü trendini sürdürdü.

Mevcut durumda XRP, 9 ve 21 günlük basit hareketli ortalamalarının altında işlem görüyor. Para Akış Endeksi (MFI) ise 20,42 seviyesine gerileyerek aşırı satım bölgesine girdi. Göstergedeki bu zayıflama, piyasadan sermaye çıkışının arttığını ve 1 doların altına sarkma riskinin yükseldiğini gösteriyor.

XRP’nin son dönemde gördüğü 1,0049 dolarlık seviye de dikkat çekiyor. Kasım 2024’ten bu yana görülen en düşük fiyat olan bu bölge, yatırımcı psikolojisi açısından uzun vadeli bir eşik niteliği taşıyor ve son iki yıla yakın dönemin en güçlü negatif görünümüne işaret ediyor.

Clarity Act Ve ETF Akışları Neden Önemli? XRP’deki zayıflığı yalnızca fiyat grafiği üzerinden değerlendirmek yeterli değil. Kripto para piyasası açısından ABD’deki düzenleyici gelişmeler ve kurumsal talep de mevcut görünüm üzerinde etkili oluyor.

Clarity Act sürecinin ertelenmesi, ABD’de kripto varlıkların benimsenmesine yönelik beklentileri baskıladı. Bu gelişmeyle birlikte XRP ETF’lerine yönelik sermaye girişleri de belirgin biçimde yavaşladı. 2025’in sonlarında haftalık girişler 100 milyon doların üzerindeyken, son dönemde bu rakam birkaç milyon dolara kadar geriledi.

Son haftada XRP ETF’lerine yalnızca 14,86 milyon dolarlık net giriş gerçekleşti. Dolayısıyla kurumsal taraftaki talebin önceki dönemlere kıyasla ciddi biçimde zayıflaması, XRP fiyatı üzerindeki baskıyı artıran faktörlerden biri olarak öne çıkıyor.

XRP Ledger Aktivitesinde Ne Kadar Gerileme Var? XRP’nin temel görünümünü değerlendirmek isteyen yatırımcılar için ağ aktivitesindeki değişim de önemli bir gösterge oluşturuyor. Aylık aktif adres sayısı son dönemde yüzde 9,40 azalırken metrik 175,1 bin seviyesine geriledi.

Bu rakam, Aralık 2024’te kaydedilen 654,2 bin aktif adrese kıyasla yaklaşık yüzde 73’lük bir düşüş anlamına geliyor. Ağdaki kullanıcı aktivitesinin bu ölçüde gerilemesi, XRP ekosistemine yönelik kullanım talebinin zayıfladığına dair önemli bir sinyal veriyor.

Aylık token işlem hacmi de yüzde 38,7 düşerek 29,6 milyar dolara indi. Bununla birlikte XRP’nin günlük borsa işlemlerinin ortalama değeri yaklaşık 1 milyar dolar seviyesinde kalıyor.

XRP’de Likidite Ve Ücretler Ne Söylüyor? XRP Ledger üzerindeki işlem ücretleri de ağ kullanımındaki zayıflığı destekliyor. Son bir yıl içinde ağdaki ücret geliri 111,387 bin dolardan yaklaşık 10 bin dolara geriledi. Böylece ücretlerde yaklaşık on katlık bir düşüş meydana geldi.

Zincirdeki likidite görünümü de benzer şekilde baskı altında. XRP Ledger üzerindeki stablecoin piyasa değeri 855,6 milyon dolara düşerken toplam değer yüzde 14,8 azaldı. Bu gerileme, ağ üzerindeki stablecoin talebinin de zayıfladığını gösteriyor.

Dolayısıyla XRP için 1 dolar seviyesi yalnızca teknik bir destek olarak değil, mevcut piyasa koşullarının test edileceği kritik bir psikolojik eşik olarak öne çıkıyor.

Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.

Son Dakika kripto para haberleri için hemen tıkla.

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Ripple Treasury, a platform designed by blockchain payments company Ripple to facilitate the movement of digital and traditional assets for corporates, is now connected to a growing roster of major financial infrastructure providers. These connections include prominent names such as Fides, SWIFT, J.P. Morgan, Goldman Sachs Asset Management’s Mosaic platform, KYOS, NDepth, Treasury Strategies, Curinos, Infor, Fenics Market Data, Refinitiv, London Stock Exchange Group (LSEG), FTI Treasury, FTI Consulting, and C2FO.

The companies behind the networkThese companies are integral to the mechanics of global corporate finance. Their services span bank connectivity, cash and investment management, market data, working capital solutions, and corporate accounting. Institutions such as SWIFT, the global provider of secure financial messaging services, and J.P. Morgan, one of the largest banks worldwide, manage critical components of daily financial operations for corporations.

X Finance Bull, a crypto market analyst active on X, described these organizations as representing the “plumbing” of corporate finance, underscoring the significance of their integration with Ripple Treasury. He stated the embedded connections mean treasury teams are able to work with Ripple’s technology within the familiar architectures they already use, reducing friction in adoption.

X Finance Bull noted that market participants may underestimate how extensively Ripple has integrated XRP into the existing financial ecosystem, arguing that these connections position XRP at the heart of day-to-day corporate finance operations.

Digital Asset Accounts and new treasury capabilitiesRipple Treasury introduced native Digital Asset Accounts in 2026, giving corporate clients the ability to manage XRP and RLUSD alongside traditional currencies, within the same treasury systems. This development enables organizations to value, track, and settle digital asset balances without requiring separate infrastructure or parallel workflows.

By keeping digital asset accounts within existing systems, finance teams streamline their operations and avoid the complexity of operating multiple accounting environments. This move positions Ripple Treasury as an all-in-one hub for managing both digital and fiat assets.

Mini dictionary: RLUSD – RLUSD is a digital dollar-backed stablecoin issued by Ripple. It is designed for use within Ripple’s ecosystem to enable instant, low-cost transactions and settlements across borders.

Expanding cross-border finance optionsRipple Treasury now supports workflows where companies can convert fiat money into digital assets, transfer them using blockchain infrastructure, and reconvert into destination currencies. XRP is positioned as the core bridge asset for global liquidity, enabling these seamless currency flows without direct reliance on traditional correspondent banking.

X Finance Bull has pointed to this mechanism as a key catalyst for XRP’s role in global finance, explaining that bridging traditional and crypto settlement rails addresses a long-standing pain point for multinational organizations.

The ability to route payments through XRP liquidity pools and convert between fiat and digital assets within one integrated system marks what market commentators see as a turning point in institutional digital finance.

Enabling two systems to meetRipple Treasury’s design allows corporations to adopt crypto settlement capabilities without abandoning their established finance systems. Bank integrations continue to operate as before. At the same time, XRP-powered liquidity and blockchain transaction finality become available as an additional settlement option.

Sitting between traditional banking platforms and decentralized finance infrastructure, Ripple Treasury bridges two worlds. This enables more companies to experiment with and gradually adopt blockchain-based payments, using the partners and workflows they already trust.

With major financial providers now integrated, Ripple’s ecosystem could give XRP a distribution channel that leverages the reach of the world’s leading treasury, market data, and cash management platforms.

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

Table of contents

The XRP Ledger’s million-plus token cohort just printed a quiet accumulation signal that directly clashes with the token’s slumping valuation. According to the Santiment update, wallets holding at least one million XRP collectively grew by 32 addresses over a three-month stretch. During that same window, XRP’s market capitalization contracted by 29%—a divergence that suggests selling pressure was met with sustained demand from wealthy addresses rather than broad exit liquidity.

The data complicates the straightforward narrative of a summer price slide. Instead of capitulation among large-scale holders, the cohort expanded. That pattern often maps to distribution logic where panic sellers hand off positions to better-capitalized or longer-duration buyers. Even if the cohort increase is modest in absolute terms, the direction is what matters: when price drops and whale-tier wallets multiply, the market is absorbing supply at depressed levels.

The Contrast Between Price Action and On-Chain Behavior XRP’s spot price has struggled to hold meaningful levels for months, weighed down by wider altcoin rotation and a lack of retail momentum. Still, the behavior at the top of the holder curve is telling a different story. The Santiment snapshot frames the 32-wallet addition as a signal that “stronger hands are absorbing panic.” That reading aligns with how seasoned market participants treat liquidity-driven dislocations. Rather than chasing narratives, these addresses appear to be scaling in during a stretch of fear.

What gives the on-chain shift extra weight is the macroeconomic backdrop. During the same period, real-world asset tokenization surged past $20 billion on-chain, and institutional stablecoin experimentations accelerated. Ripple’s RLUSD stablecoin has quietly carved out a meaningful niche, while the firm’s broader infrastructure—spanning payments, custody, and tokenization rails—continues to anchor the XRP Ledger to settlement use cases. Those rails are not directly visible in wallet metrics, but they provide the connective tissue that keeps sophisticated capital engaged with the network.

Patience Replaces Hype, Volatility Becomes the Payoff The Santiment team frames the dynamic as a shift from price-driven hype toward patience. That repricing of sentiment is a double-edged sword. On one hand, large-holder accumulation during market-cap contraction reduces the float available to short-term sellers. On the other, it doesn’t guarantee an immediate reversal. What it does is tighten the structure for a volatility event. When a concentrated holder base absorbs supply, any future catalyst—a regulatory development, a partnership, a liquidity injection—can trigger sharper price moves because fewer tokens are freely circulating among weak hands.

For traders, the metric works as a supplemental check. A rising 1M+ wallet count in a falling market cap means the selling pressure is being absorbed by addresses that historically do not flip positions quickly. That doesn’t invalidate the downtrend, but it raises the cost of continuation for bears. The next few months will test whether the accumulation shown on-chain can translate into a sustained floor, or if broader market headwinds will force even deep-pocketed holders to reassess.

What remains uncertain is whether the new wallets represent fresh capital or existing holders consolidating. On-chain labels can obscure consolidation moves, and the 32-wallet addition may not be purely organic entry. Still, the divergence between price and high-tier holder count is notable. If million-XRP wallets continue growing while the token price stays depressed, the setup becomes increasingly asymmetric—with downside risk concentrated among over-leveraged participants and potential upside left to those who were willing to wait out the pain.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.

Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total...

Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total of 43,000 $BTC at an average price of $96,191 and is currently sitting on a loss of $1.4B(-34%).

24 minutes ago

Metaplanet transferred 3,881 BTC over the past three hours, with its current unrealized loss on holdings amounting to roughly $1.4 billion.

According to Lookonchain monitoring, Japanese listed firm Metaplanet Inc. has transferred a total of 3,881 Bitcoin over the past three hours, valued at roughly $247.3 million. Data shows that Metaplanet currently holds around 43,000 BTC in total, with an average purchase cost of $96,191 per Bitcoin. Calculated at current prices, its Bitcoin holdings carry an unrealized loss of approximately $1.4 billion, representing a 34% loss.

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Layer 1 blockchain project Harmony responds to the abnormal ONE token over-issuance incident: It is working with trading platforms to freeze the relevant funds.

Harmony Protocol announced in a post that its team is collaborating with relevant exchanges to attempt to block and freeze funds involved in the incident, while developing a fix and evaluating rollback options. Earlier, on-chain data analysis indicated that Harmony had likely been hacked, with attackers exploiting an empty blocks vulnerability to mint approximately 4 billion ONE tokens without authorization—accounting for around 26% of the current total supply. Around 2.8 billion of these ONE tokens were subsequently transferred to exchanges, triggering market selling pressure and leading to a sharp drop in ONE’s price. According to analysis, the attackers exploited a flaw in the supply verification mechanism, causing the totalSupply interface to fail to reflect the actual number of newly minted tokens in a timely manner and masking the inflationary impact. Harmony stated that it will update the incident’s progress once more information becomes available. The incident remains under investigation at this time.

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Yesterday, U.S. spot Bitcoin ETFs saw a net inflow of $7.8 million, while U.S. spot Ethereum ETFs recorded a net outflow of $1.7 million.

According to data from Farside Investors, Bitcoin spot ETFs posted a total net inflow of $7.8 million on August 11. BlackRock’s IBIT recorded a $50.2 million net inflow, while Fidelity’s FBTC saw an outflow of $4.1 million, ARKB an outflow of $11.5 million, EZBC an outflow of $16.5 million, and HODL an outflow of $10.3 million. The remaining ETFs had minor or zero capital flows. For Ethereum spot ETFs, total net outflows reached $1.7 million on August 11. BlackRock’s ETHA posted a $600,000 net inflow, while Franklin’s FETH saw a $2.3 million outflow, with all other Ethereum ETFs registering zero capital flows.

24 minutes ago

Binance adds GameStop bStocks tokenized securities to its margin collateral assets

According to official announcements, Binance will add GameStop bStocks (GMEB) as an eligible collateral asset for Cross Margin, Portfolio Margin, and Portfolio Margin Pro starting at 12:00 UTC on August 12. Qualified users can use this bStocks token as collateral for margin trading, and margin trading support will also be enabled for related GMEB trading pairs. However, lending functionality is not currently supported for this asset.

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The payment public chain Tempo recorded an all-time high in stablecoin trading volume last week.

Payment public blockchain Tempo announced in a post that its weekly stablecoin transfer volume has hit an all-time high. Last week, Tempo's transaction volume exceeded $175 million, with its cumulative transaction volume surpassing $1.2 billion since its launch in March.

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The XRP Ledger is gaining fresh attention as Ripple expands its work with traditional finance, while Digital Asset CEO Yuval Rooz warns that crypto networks will eventually be judged by the utility and revenue they create. At the same time, banks are already using public blockchain infrastructure without waiting for the US Clarity Act.

Ripple Pushes XRP Ledger Into Traditional FinanceAviva Investors has tokenized its US dollar liquidity fund on the XRP Ledger as part of its partnership with Ripple. The firm manages over £30 billion in liquidity strategies and will work with Ripple through 2026 to explore more tokenization opportunities. The company stated tokenization does not change a fund’s underlying assets, NAV or risk profile. 

It simply records ownership digitally, which could make transactions faster and more efficient. The move shows growing interest in using the XRP Ledger for real-world assets and traditional finance. 

Banks Are Already Using Public ChainsThe discussion also pushed back against the idea that banks must wait for the US Clarity Act before using public blockchain networks. Rooz said banks are already using public chains, including Canton.

He noted that around 50 vendors are preparing applications for Canton ahead of the DTCC’s planned production launch in October. He also pointed to the scale of US financial markets, with equities and Treasuries together approaching $70 trillion, arguing that the industry should think beyond crypto’s current billion-dollar TVL figures.

Utility Could Separate Winners From LosersRooz further warned that many crypto networks have valuations disconnected from the actual economic activity they generate. He argued that networks making promises without delivering useful products could eventually lose most of their value.

Hyperliquid was presented as an example of a network generating revenue and using it to burn tokens, creating a model closer to a profitable public company returning value through buybacks.

He also criticized changing industry narratives, noting how crypto shifted from permissionless systems toward privacy and control. According to Rooz, maintaining a consistent product strategy helped his company nearly triple its valuation over 24 months, even while the broader market declined around 40% over the past year.

The latest funding round was led by Andreesen Horowitz and included Apollo, CME, HSBC, SoFi, SBI Japan and Hana Bank Korea, with Shinhan Financial Group joining at the last moment after the round became oversubscribed.

According to him, the company still has substantial work ahead to deliver on its projects and maintain that growth.

Story Ends Here

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Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing mixed price action on Wednesday as traders assess key technical support levels. BTC remains under pressure after its recent decline, while ETH is attempting to extend its rebound from the 50-day Exponential Moving Average (EMA). Meanwhile, XRP is holding above the crucial $1 level, keeping its recovery attempt intact.

Bitcoin shows early signs of weaknessBitcoin price trades around $63,700 on Wednesday, retaining a bearish near-term bias as it holds below all key EMAs. The 50-day EMA at $64,580, the 100-day EMA at $66,756 and the 200-day EMA at $72,496 all sit above spot, suggesting the broader trend remains under downside pressure despite the recent bounce from sub-$63,000. 

Momentum indicators are subdued, with the Relative Strength Index (RSI) at 47 hovering just below neutral and the Moving Average Convergence Divergence (MACD) below zero with a slightly negative reading, hinting at a weak, corrective tone rather than impulsive buying.

On the topside, immediate resistance is seen at the horizontal level around $64,004, just above the current price, with the 50-day EMA at $64,580 reinforcing this initial cap. Further up, the 100-day EMA at $66,756 and the 200-day EMA at $72,496 define successive barriers before a more distant structural ceiling at $75,719.

On the downside, the key psychological support is at $60,000. A daily close below this latter area would trigger deeper correction toward the yearly low of $57,800 set on July 1.

BTC/USDT daily chartEthereum finds support at key zoneEthereum price trades at $1,885 on Wednesday. ETH price holds above the 50-day EMA at $1,864, suggesting near-term underpinning, but remains capped below the 100-day EMA at $1,924, keeping the broader tone neutral rather than decisively bullish. The 200-day EMA at $2,145 stays well overhead as a medium-term barrier, while the RSI around 51 hints at balanced momentum and the MACD below zero reinforces lingering downside risks despite the pair stabilizing above its short-term trendline.

On the downside, immediate support is seen at the 50-day EMA near $1,864, with a deeper structural floor down at the horizontal level around $1,385.

On the topside, initial resistance appears at the 100-day EMA at $1,924, ahead of the psychological $2,000 horizontal barrier; beyond that, the 200-day EMA at $2,145 would become the next key obstacle for any sustained recovery.

ETH/USDT daily chartXRP price trades at $1.021 on Wednesday, retaining a bearish near-term bias as price holds below the key EMAs. The 50-day EMA at $1.094, the 100-day EMA at $1.176 and the 200-day EMA at $1.377 all sit overhead, suggesting the pair remains capped by a layered technical ceiling.

Momentum conditions are soft, with the RSI at 38 hovering below the neutral 50 line and the MACD anchored in negative territory, which reinforces the idea of fading upside attempts rather than a clean reversal.

On the downside, immediate support is located at the horizontal level around $1.000, where buyers could attempt to slow the decline if selling pressure persists.

On the topside, initial resistance is seen at the 50-day EMA near $1.094, followed by the 100-day EMA at $1.176 and the prior horizontal barrier at $1.300; higher up, the 200-day EMA at $1.377 and the distant resistance at $1.900 define a broader supply zone that would likely cap any stronger recovery while the XRP trades below these levels.

XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)

Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.

Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.

Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.

Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.

XRP (CRYPTO: XRP) has struggled to regain momentum throughout the third quarter. As a result, it has fallen roughly 45% year to date as selling pressure, weak demand, and fading ETF inflows continue to weigh on the market.

The decline has pushed XRP’s market capitalization below $65 billion, leaving it ranked sixth among the largest cryptocurrencies.

More importantly, however, XRP is now testing a critical technical zone near $1. 

If bulls fail to defend this level, the current correction could accelerate into a much deeper decline.

What’s Happening?Outside the reasons mentioned above, the weekly XRP/USD chart shows why the $1 support is critical

On several occasions, XRP has failed to break above the descending resistance line shown below since July 14, 2025. 

At the same time, the lower trendline has continued to provide support, creating the appearance of a falling-wedge formation. In most cases, that structure offers bulls a potential escape route.

A breakout above the upper trendline could signal that the prolonged downtrend is losing strength. However, there is little evidence yet that buyers have regained control.

Furthermore, the Bull Bear Power (BBP) indicator remains negative, suggesting that bearish momentum continues to outweigh buying pressure.

The Chaikin Money Flow (CMF) provides a slightly more encouraging signal. It has started recovering from oversold levels, suggesting that capital outflows may be slowing.

But it does not seem enough to confirm accumulation or a sustained trend reversal.

XRP/USD Weekly Chart For bulls to strengthen the recovery case, XRP first needs to reclaim the $1.18 area. 

A move above that resistance would provide the first meaningful sign that buyers are beginning to challenge the prevailing bearish structure.

Other Things Are Not Falling in PlaceBesides that, trading activity across major exchanges is also increasing.

Upbit leads with approximately $6.23 million in XRP volume, followed by Binance at $5.06 million. However, exchange inflows provide a more cautious signal.

Upbit recorded roughly $1.95 million in XRP inflows, while Kraken registered approximately $1.16 million. Binance followed with about $600,000.

Higher exchange inflows can indicate that investors are moving tokens toward exchanges with the potential to sell. Yet, these figures remain relatively small compared with overall trading activity.

Thus, the data alone does not confirm large-scale distribution.

Instead, the relationship between price and exchange flows is increasingly becoming the more important signal.

XRP Heatmap Volume and Inflow | Credit: CoinglassIf XRP falls while exchange inflows accelerate, it would suggest that selling pressure is intensifying. 

Alternatively, if XRP holds its support or begins recovering while inflows decline, the setup would become more constructive and could point toward accumulation.

What Next for XRP?The daily chart presents an even more immediate test. From the image below, XRP is pressing against the lower boundary of a descending triangle while trading around the $1 psychological level. 

Momentum remains weak, with the Awesome Oscillator (AO) below zero and the Relative Strength Index (RSI) at 33.96.

That leaves bulls with little room for error. However, the first major level to watch is $0.98.

A daily close below $0.98 would confirm that the descending triangle is breaking down. If that happens, XRP could initially fall toward $0.80 before exposing the $0.60 area.

The descending triangle’s measured move points toward approximately $0.48. However, that should be viewed as a deeper downside target rather than the immediate base case.

The bearish thesis would begin to weaken if XRP reclaims the descending trendline and moves back above $1.15.

A daily close above $1.20 would provide stronger bullish confirmation and could lead to $1.35, where Fibonacci resistance becomes relevant.

If XRP can break above the $1.335 region, attention could then shift toward $1.54, corresponding with the 0.382 Fibonacci retracement level.

Meanwhile, the Relative Strength Index (RSI) is already approaching oversold territory, so a relief bounce remains possible. But until XRP reclaims $1.20, any rebound should be treated as a recovery attempt rather than confirmation of a trend reversal.

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XRP continues to underperform amid market uncertainty and delays surrounding the Digital Asset Market Clarity Act, while UE Crypto gains attention for yield options.

Summary

XRP is underperforming the broader crypto market, with renewed investor interest in UE Crypto’s cloud mining and yield services. A weaker XRP price and uncertainty around the Digital Asset Market Clarity Act are prompting holders to explore alternative income strategies through UE Crypto. UE Crypto is positioning its cloud mining platform as an option for XRP holders seeking additional digital asset returns without relying solely on price appreciation. The cryptocurrency market has remained relatively calm, with a slight downward trend, while XRP has fallen to the bottom.

Over the past few weeks, the broader market has remained in a period of relatively stable volatility, while XRP, the cryptocurrency associated with the founders of payments company Ripple, has continued to underperform. When other cryptocurrencies rise, XRP tends to gain less; when other cryptocurrencies fall, XRP tends to decline more sharply.

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

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

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

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

Today’s cryptocurrency charts show that the market is cooling down. Among the top ten cryptocurrencies by market capitalization, XRP recorded the largest seven-day decline, falling 4.96%, while Solana gained 3.64% and Bitcoin rose 1.17% over the same period. XRP also fell 1.24% on the day, while the broader market remained largely flat. The token’s price action appears to indicate that the Clarity trade is being unwound.

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

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

It is against this backdrop that the UE Crypto cloud mining platform has attracted increasing attention from investors seeking to hedge against market volatility and enhance returns through cloud mining and yield aggregation mechanisms.

As XRP volatility increases, UE Crypto emerges as a new option for investors In light of the recent increase in XRP price volatility, more and more XRP holders are turning their attention to UE Crypto. They are seeking to explore more stable and sustainable yield models through cloud mining and yield aggregation mechanisms while maintaining their long-term digital asset holdings.

Unlike highly volatile leveraged trading or strategies that rely solely on price appreciation, the UE Crypto cloud mining platform provides a more accessible way to participate in digital asset activities. Users do not need to deploy mining machines or maintain hardware; they simply need to select a computing-power contract to participate in the mining service. This allows them to maximize the utility of their digital assets while maintaining their focus on the long-term outlook for XRP.

About UE Crypto UE Crypto is headquartered in the United Kingdom and operates within European regulatory frameworks such as MiCA and MiFID II, continuously improving its transparency, operational standards, and user protection mechanisms.

The platform adopts a multi-layer security architecture, including:

Annual financial and security compliance audits by PwC. Digital asset custody insurance provided by Lloyd’s of London. Enterprise-level network protection from Cloudflare and McAfee® security systems. Bank-grade data encryption technology and professional security infrastructure to provide multiple layers of protection for user assets and accounts. UE Crypto supports a range of major digital assets, including XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL, providing users with a more flexible and convenient digital asset service experience.

Start earning daily returns in just three steps 1. Register an account Visit the official UE Crypto website and register using an email address to receive a $20 trial bonus.

2. Choose a mining package Based on personal budget and requirements, select a suitable cloud mining contract and start mining with a single click.

3. Start earning Once the contract is activated, the system will automatically allocate computing power, and returns will be settled automatically every 24 hours. Users can withdraw their returns at any time or continue participating according to their needs, enabling long-term compound growth of their assets.

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Daily Return: $4，Total Return at Contract Expiration: $100 + $8 DOGE (Digital Intelligent System Contract) Investment Amount: $500，Contract Term: 5 days，Daily Return: $6.25，Total Return at Contract Expiration: $500 + $31.25 BTC (Super Computing System Contract) Investment Amount: $1,000，Contract Term: 10 days，Daily Return: $13.10， Total Return at Contract Expiration: $1,000 + $131 LTC (Algorithm-Driven System Contract) Investment Amount: $5,000，Contract Term: 25 days， Daily Return: $72，Total Return at Contract Expiration: $5,000 + $1,800 BTC (Quantitative Intelligent System Contract) Investment Amount: $10,000，Contract Term: 35 days， Daily Return: $158，Total Return at Contract Expiration: $10,000 + $5,530 For more details about the contract plans, please visit the official UE Crypto website.

Summary Bullish case A daily close above the $1.0486 Fibonacci resistance level would provide the first evidence of buyers entering the market, potentially opening the way toward the EMA cloud and the $1.0887–$1.1066 golden zone. This would require the Clarity Act narrative to regain momentum rather than simply remain stalled.

Bearish scenario A break below the $1.0128 low, followed by a loss of the psychological $1 level, could initiate a gradual decline toward and below $0.90. Both the death cross and negative squeeze momentum point in the same direction. At present, an upside move does not appear to be the more likely path.

The bullish case remains, but it is not yet sufficient. XRP is being viewed as a proxy for the Clarity Act, while market pricing suggests that the probability of the bill passing has fallen to 21%. For users holding XRP over the long term, market attention is shifting from relying solely on price appreciation toward more diversified ways of participating in the digital asset ecosystem.

For example, DeFi cloud mining services provide users with additional options for long-term participation in the digital asset ecosystem, allowing them to focus on the long-term value of their assets while exploring more stable and sustainable yield management strategies.

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

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

XRP continued its downward trajectory on Tuesday, with the token slipping below the $1.06 threshold and trading near $1.00. The cryptocurrency’s recent price action has been characterized by a pattern of lower highs and lower lows, leaving near-term technical outlooks bearish as sellers maintain market control. The $1 support level has emerged as a pivotal line for the current price structure.

XRP stays under pressure after losing key supportXRP, the native token of the Ripple payment network, has spent recent weeks under selling pressure, struggling to reclaim ground above short and medium-term moving averages. Analysts have underscored that a break below $1 could expose further downside, making this level a critical point for both traders and investors.

Ashley Duke, a technical analyst, emphasized that the broader daily chart continues to show a bearish structure. XRP is still forming lower highs and lower lows, and the price is now testing support near the late June low close to $1. According to Duke, only a recovery back above $1.06 would start to improve the technical outlook for the token.

XRP remains locked in a bearish daily pattern, struggling to hold the $1 support after failing to stay above $1.06. Only a sustained move over $1.06 would signal a possible shift in momentum.

Short-term analyst Apex_Legends also identified a bearish breakdown in a lower timeframe, noting that XRP slipped beneath resistance at $1.01–$1.02. Initial support is concentrated just below $1, with sellers and buyers likely to battle over this psychological level.

Mini dictionary: Ripple is a blockchain-based payment protocol that enables fast, low-fee global transactions. XRP is its native digital asset, used to facilitate these transfers and provide liquidity for cross-border payments.

Recent trading history shows the $1 region has acted as support throughout a month of declines, while resistance at $1.06 has consistently capped short-term recovery attempts.

Technical indicators signal persistent weaknessData from TradingView reflected a cautious to bearish technical environment. Of the noted indicators, 16 were in “sell” mode, 10 remained neutral, and none showed active buy signals within the current timeframe. The price has dropped below all major moving averages, which further confirms the prevailing downtrend.

XRP is now trading under the 10-, 20-, 30-, 50-, 100-, and 200-period moving averages. Notably, the 50-day exponential moving average (EMA) near $1.10 and the 100-day EMA at $1.18 stand above the spot price, acting as resistance should any attempt at a rebound occur.

Longer-term averages are even higher, with the 200-day EMA at $1.37 and the 200-day simple moving average (SMA) at $1.31, showing how distant XRP is from a broader bullish reversal.

Moving AverageApproximate ValueCurrent Price Position50-day EMA$1.10Above current price100-day EMA$1.18Above current price200-day EMA$1.37Above current price200-day SMA$1.31Above current priceOther recent technical assessments identified similar resistance levels at $1.20 and $1.31, reinforcing the overhead challenges facing buyers.

Momentum indicators and support levelsMomentum readings offer little sign of an imminent bullish reversal. TradingView data places the Relative Strength Index (RSI) at 33.94, well under the neutral threshold of 50. Although this suggests XRP is close to oversold territory, it stops short of confirming a sustained turnaround in price.

Additional oscillators point to pronounced selling pressure. The Stochastic %K indicator recorded 9.22, while the Stochastic RSI Fast was 9.77. Williams %R dropped to roughly -96.54, and the Commodity Channel Index fell to -161.20. The Moving Average Convergence Divergence (MACD) and momentum indicators also stayed negative in recent assessments.

Oscillators and momentum readings confirm sellers remain in control, and without a clear bullish crossover, any rebound risks remaining short-lived.

In the event of further losses, technical support begins just below $1 at $0.9760. Classic pivot analysis outlines additional support at $0.993, $0.926, and $0.764. Analysts have also singled out $0.93 and $0.75 as broader downside reference points if the $1 region fails.

Support LevelApproximate PricePivot support 1$0.993Pivot support 2$0.926Pivot support 3$0.764Reclaiming resistance is the first target for bullsFor XRP to improve its technical standing, a move back above $1.06 is required. This would represent the first sign of a possible recovery but would not confirm an outright trend reversal. Resistance zones cluster between $1.08 and $1.15, with classic pivot resistance levels at $1.155 and $1.250, and Fibonacci pivots spanning $1.03 to $1.19.

A further challenge exists at $1.18, the recent local high, and a stronger resistance pivot is located at $1.30. Market analysis indicates that $1.10 provides interim resistance, with a breakdown above $1.20 needed to signal the start of a durable bullish trend.

Outlook: Downside risk dominates below $1.06As long as XRP remains underneath $1.06, the technical picture favors sellers. Lower highs, lower lows, negative momentum, and resistance overhead keep the bias on the downside. Oscillators approaching oversold territory highlight the potential for a temporary relief rally, but a solid reversal requires confirmation from both price levels and momentum signals.

Should $1 and $0.976 support levels break, attention may shift to $0.93 and eventually toward $0.75 as the next areas of interest for traders. Conversely, if buyers manage to defend $1 and reclaim $1.06 support, it would challenge the current downtrend and open the possibility for further advances.

Until buyers regain control above major moving averages and a stronger uptrend emerges, XRP is likely to remain at risk of further declines.

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

HomeCryptoMARKETSThe National Bank of Canada reveals XRP, Bitcoin, Ether, and Solana holdings.

The National Bank of Canada, the sixth largest commercial bank in Canada, revealed in a 13F filing with the U.S. Securities and Exchange Commission (SEC) that it has XRP exposure through ETFs in its portfolio.

The bank also holds Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) through ETFs and shares of popular crypto stocks in its portfolio.

XRPWith a market cap of $63 billion, XRP is the sixth largest cryptocurrency.

Bitwise XRP ETF: $3,848BitcoinWith a market cap of $1.27 trillion, Bitcoin is the largest cryptocurrency.

Grayscale Bitcoin Trust ETF: $6,831Fidelity Wise Origin Bitcoin Fund: $55,644Grayscale Bitcoin Mini Trust ETF: $2,596Proshares Bitcoin ETF: $42,321Ethereum With a market cap of $224 billion, Ethereum is the second-largest cryptocurrency.

Grayscale Ethereum Staking ETF: $105SolanaWith a market cap of $43.6 billion, Solana is the seventh-largest cryptocurrency.

Grayscale Solana Staking ETF: $498Scroll to Continue

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XRP is showing a familiar cycle in its price dynamics, according to data reviewed by cryptocurrency analyst Austin Hilton. Historical performance indicates that when XRP posts losses in both the first and second fiscal quarters of the year, the third quarter typically brings a strong recovery. Hilton based his analysis on quarterly returns stretching over a decade, noting that this pattern has not failed in previous cycles.

Historic Q1 and Q2 Declines Set Up Q3 GainsEntering 2026, XRP recorded significant losses across two consecutive quarters. The token showed brief signs of recovery at the start of January, but momentum quickly faded. At the end of the first quarter, XRP closed at -27.1%, followed by another decline of -22.4% in the second quarter.

Hilton, an active commentator on cryptocurrency market cycles, pointed out that similar back-to-back quarterly drops also occurred in 2014, 2018, and 2022. In each instance, Q3 delivered a marked recovery. For instance, 2014’s Q1 saw a -67.9% loss and Q2 a -57% loss, before Q3 rebounded by 22.9%. In 2018, Q1 fell by 77.7% and Q2 by 9.1%, but Q3 jumped by 24.4%. In 2022, after a -2.14% fall in Q1 and a -59.4% decline in Q2, Q3 surged by 44.5%.

Hilton stated that this historical structure suggests robust upside whenever XRP completes back-to-back down quarters, noting that the average Q3 gain in these scenarios exceeds 30%.

Austin Hilton emphasized that every time XRP experienced losses in both Q1 and Q2, the third quarter produced a significant upward move, with an average gain for Q3 historically surpassing 30% whenever these conditions applied.

The figures highlight a consistent setup for a Q3 surge when the pattern recurs. As 2026 unfolds, observers remain attentive to this potential repeat.

June Midterm Pattern Supports CaseAnother pattern supports Hilton’s findings: during every midterm election year, XRP has recorded losses in June. June 2026 was no different, with the asset seeing another decline. While this monthly trend alone does not guarantee a specific outcome for the following quarter, taken together with the Q1/Q2 pattern, it adds further weight to expectations of a rebound.

Mini dictionary: Midterm election years, in the context of US politics, refer to years in which US congressional elections are held, occurring every four years between presidential elections. Market analysts sometimes examine asset seasonality in relation to election cycles, searching for recurring patterns.

Current Numbers and ForecastsXRP is currently trading near $1.02. Should the pattern play out and yield the average Q3 recovery of over 30%, XRP would reach around $1.33. The token dropped below the $1.30 support level during a sell-off in early June and has not regained it since. Recovering this threshold would mark a significant turnaround if the historical pattern persists.

YearQ1 (%)Q2 (%)Q3 (%)2014-67.9-57+22.92018-77.7-9.1+24.42022-2.14-59.4+44.52026-27.1-22.4?Wider quarterly data also supports Q3 as a robust period for XRP. Recent years saw Q3 returns of +35.7% in 2021, +37.4% in 2020, and +27.1% in 2025, highlighting the asset’s tendency to rebound after multi-quarter declines.

XRP has often demonstrated sharp recoveries in Q3 following extended periods of selling pressure, strengthening the case for a turnaround as 2026 unfolds.

With a track record extending over several cycles, the current conditions closely match past performance indicators.

Repeatable Structure Faces Market TestThe recent losses for XRP in both Q1 and Q2 of 2026 fit a historically reliable technical structure. Whether the third quarter produces gains consistent with previous cycles will depend on ongoing market developments. However, Hilton’s analysis and the repeat of midterm year behavior have brought renewed attention to XRP’s seasonal patterns.

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

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Earlier today, the price of the Ripple-linked XRP token slipped below the $1 level for the first time since November 2024, according to the data provided by the Binance exchange. 

At 14:58 UTC, the cryptocurrency reached an intraday low of $0.99.

The most recent decline, which ultimately pushed the price of the token below the psychologically important mark, came after it was revealed that 200,000 XRP tokens were drained from the Coreum cross-chain bridge.

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Meanwhile, as reported by U.Today, there has been some elevated activity in the closely watched XRP derivatives market. XRP futures, for instance, experienced a double-digit spike within virtually no time. 

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This heightened activity has been linked to the upcoming hotly anticipated  Consumer Price Index (CPI), which is on track to be released on Wednesday. The upcoming inflation print, which is the key macro data watched by cryptocurrency traders, will determine whether yields stay elevated, push higher, or finally ease.

Terrible year for XRP This year has been devastating for the holders of the Ripple-affiliated token, which has lost roughly 46% of its value so far despite a slew of notable developments within the ecosystem. Notably, XRP has vastly underperformed Bitcoin, plunging as much as 31% against the flagship cryptocurrency. 

As reported by U.Today, XRP recently became available to UK traders alongside a bevy of other cryptocurrencies via Robinhood. 

Moreover, the products that are tied to the popular cryptocurrency have been boasting small but steady inflows over the past two months. 

There have been important Ripple-related developments. The popular company recently secured full MiCA authorization in Europe. 

Finally, the XRPL is expanding beyond payments. Ripple introduced an XRPL Lending Protocol in June. In June, Ripple launched an XRPL AI Starter Kit supporting x402-powered payments. 

However, all these developments have failed to move the price of the XRP token in a substantial way. Ripple's success does not automatically translate into price rallies, and the large number of tokens controlled by Ripple remains a major overhang. 

XRP briefly fell below $1 on August 11, a price level the token hasn’t touched since January 2024. For a coin that was trading at $3.65 as recently as July 2025, that’s a long way down in a short amount of time.

What happened to the Coreum bridge On August 9, a flaw in the deposit verification logic of Coreum’s XRPL bridge allowed an attacker to drain 199,916.3 XRP in just 97 minutes. The bridge’s relayer software incorrectly validated fake or self-payments as legitimate deposits.

Before the attack, the bridge account held approximately 200,410 XRP. After those 97 minutes, the balance sat at roughly 493.5 XRP. The bridge’s operators halted operations immediately once the scope of the damage became clear.

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Critically, the flaw lived in Coreum’s bridge software, not in the XRP Ledger itself. The underlying protocol was not compromised.

By August 10 and 11, XRP was trading in the $1.00 to $1.01 range, down from the $1.02 to $1.03 band it had held earlier in the week.

Cross-chain bridges: crypto’s recurring weak point What makes this case notable is the speed. Nearly 200,000 XRP gone in under an hour and a half suggests the attacker either had deep knowledge of the bridge’s logic or found a flaw that was straightforward enough to exploit quickly. The relayer verification bug, which allowed the system to accept payments that were either fabricated or looped back to the sender, is the kind of input-validation error that security audits are supposed to catch before deployment.

XRP’s longer arc and what the $1 level means The token spent most of the period between 2020 and 2023 below $1, weighed down by the SEC’s lawsuit against Ripple Labs alleging that XRP sales constituted unregistered securities offerings. The token’s climb back above $1 in early 2024 was read by many holders as a signal of rehabilitation.

Ripple the company was not involved in the Coreum bridge exploit and faces no direct exposure from the incident. The XRP Ledger itself functioned exactly as designed throughout.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

https://u.today/opinions/crypto-regulation-2026-what-is-happening-in-russia

Russia’s central bank has officially approved Bitcoin, Ethereum, and Tether’s USDT for public retail access on domestic exchanges, while notably excluding XRP from the list. This decision is part of a broader framework under Russia’s new licensed crypto market regime, which imposes specific criteria for retail investors. These criteria include using approved intermediaries, passing a risk assessment test, and adhering to a 300,000-ruble annual cap per intermediary. The regulatory body cited factors such as market capitalization, daily volume, and history as key considerations for approving the cryptocurrencies. Although XRP has been integrated into Russia’s institutional offerings, including the Moscow Exchange’s XRP index, it remains unavailable for retail access.

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Key Takeaways Russia’s approval of Bitcoin, Ethereum, and USDT for retail access suggests these assets meet the country’s regulatory criteria, unlike XRP. Market participants appear to interpret the exclusion of XRP from retail access as indicative of ongoing regulatory challenges for the asset. Pricing in XRP-related markets, such as the likelihood of XRP reaching $3.00 in August, reflects decreased confidence, dropping to 0.5% from 1% in the past 24 hours. What to Watch Market observers will be closely monitoring any further regulatory developments in Russia that might impact XRP’s status. Key indicators could include changes in Russia’s regulatory approach or shifts in XRP’s market integration. Additionally, global regulatory actions, particularly from the U.S. Securities and Exchange Commission, could influence XRP’s price trajectory. The market will also watch for any potential announcements from Ripple Labs that could alter XRP’s institutional and retail prospects.

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Term Structure

Contract Odds Δ since publish Volume 24h September 1 2026 0.5% — — View market → September 1 2026 2.1% — — View market → September 1 2026 0.5% — — View market → September 1 2026 5.1% — — View market → September 1 2026 8% — — View market →

Key Takeaways Table of Contents

Key TakeawaysBest Altcoins to Buy in August 20261. Bullski ($BULLSKI)2. Ethereum (ETH)3. XRP4. Cardano (ADA)5. Chainlink (LINK)6. Hedera (HBAR)The Numbers Bullski Fixes Before It ListsHow Altcoins Are Priced Against BitcoinStarting a Position at the Opening RungAltcoin Questions People AskWhich altcoin has the best chance in 2026?Are altcoins better than Bitcoin right now?What is the cheapest altcoin on this list?How many altcoins should someone hold?For More Information Ethereum and XRP are the two biggest altcoins on the list, worth about $226.0 billion and $63.7 billion on August 10, 2026. Bullski is the only one of the six not yet listed, so its price comes from a published stage rather than a chart. Its sale runs sixteen priced steps from $0.00001 up to a $0.0025 listing reference. Every coin here sits below its record high, some of them by a very wide margin. The best altcoins to buy in August 2026 fall into two groups. Five of the six here trade every second of the day. One does not.

Bullski ($BULLSKI) is still selling at a price the project sets, $0.00001 on stage 1, while the others carry whatever number the market handed them this morning. Before the list starts, you can open the Bullski presale page and see the live rung for yourself.

Bullski goes first because it is the one entry still priced by a schedule. The rest follow by market cap.

1. Bullski ($BULLSKI) Bullski takes the meme coin idea and puts a timetable on it. The token is an ERC-20 on Ethereum with 120 billion units and a hard cap. Its 16-stage sale is on the first rung right now, priced at $0.00001, with $0.000015 waiting at stage 2.

What a buyer gets here is a known cost. The last rung meets a $0.0025 listing reference, so the whole price path is written down in advance. Nothing on the rest of this list can offer that, because their prices are already discovered.

The trust checks are open to anyone with a browser. Etherscan lists the contract as verified, an audit is under way rather than finished, and the pool of liquidity gets locked at launch. Staking pays during the sale and referrals pay on top.

The plain drawback is that you cannot sell until it lists.

2. Ethereum (ETH) Ethereum traded at $1,872.98 on August 10, 2026, for a market cap of roughly $226.0 billion. Its record was $4,946.05 in August 2025. It is the settlement layer under most tokens, Bullski included, so demand for block space is real demand.

Cheaper rival chains remain its main squeeze.

3. XRP XRP sat at $1.02 that day for about $63.7 billion, against a $3.65 high in July 2025. Its niche is cross-border payments between institutions, which gives it a use most altcoins lack. Policy headlines still move it more than transaction volume does.

4. Cardano (ADA) Cardano was $0.195 for a $7.28 billion cap on the same date, far under the $3.09 it reached in September 2021. Its research-led build is careful and slow. That care is also why it lost ground to faster chains while it worked.

5. Chainlink (LINK) Chainlink traded at $8.26 for a cap near $6.18 billion, per CoinGecko, well below its $52.70 peak in May 2021. It feeds outside data to smart contracts, and plenty of large projects depend on it. Its problem is that this useful job does not always show up in the token price.

6. Hedera (HBAR) Hedera changed hands at $0.068 for roughly $2.98 billion, against $0.5692 in September 2021. Its council of large companies gives it an enterprise angle few chains have. The counterweight is that enterprise adoption arrives slowly and quietly.

The Numbers Bullski Fixes Before It Lists Three numbers are locked in already. The supply is capped, so dilution cannot happen later. The stage prices are published, so nobody pays a surprise figure.

The listing reference is stated, so the distance from entry to that mark is easy to read.

Add staking and referral rewards and the position does something during the sale instead of just sitting there. The full 16-stage price ladder is on the official site if you want to see each step in order.

Watch Out: Only buy through the official site. Copycat pages have shown up around this sale, and an independent review of the live presale is a sensible read before you send anything.

How Altcoins Are Priced Against Bitcoin Altcoins tend to move after Bitcoin, not with it. Money rotates down the size ladder once the largest coin steadies. August 2026 has been flat, with most of this list down about 1 to 2 percent in a day.

Flat stretches are when buyers set up, and our earlier note on the best crypto to invest in for 2026 made the same point in June.

Size decides how far a move travels. Ethereum at $226.0 billion has to attract enormous new money to double. Hedera at $2.98 billion needs a fraction of that.

Neither figure predicts anything on its own, but the arithmetic explains why buyers hold big names for stability and small ones for movement.

A presale sits outside that scale entirely. There is no cap to compare, because no coins have traded. What you can compare is the entry price against the stated listing reference, and both of those numbers are printed before you commit anything.

Altcoin

Price on August 10, 2026

Market cap

Distance from record high

Bullski ($BULLSKI)

$0.00001, stage 1 of 16

Not listed yet

No history, presale pricing

Ethereum (ETH)

$1,872.98

$226.0 billion

$4,946.05 in August 2025

XRP

$1.02

$63.7 billion

$3.65 in July 2025

Cardano (ADA)

$0.195

$7.28 billion

$3.09 in September 2021

Chainlink (LINK)

$8.26

$6.18 billion

$52.70 in May 2021

Hedera (HBAR)

$0.068

$2.98 billion

$0.5692 in September 2021

Starting a Position at the Opening Rung Anyone building an altcoin basket usually wants one slot that is not priced like the others. A sale still on its first step is exactly that shape.

The process is short. Load an Ethereum wallet with ETH or USDT, go to the official site, read the stage shown on the page, then pick up $BULLSKI while stage 1 is open. Stake it the same day if you want rewards running.

Keep the amount modest, because early-stage buying is the speculative end of any basket.

Altcoin Questions People Ask Which altcoin has the best chance in 2026? Ethereum has the strongest base of real usage among the traded names. For upside from a smaller start, buyers look at coins that have not been repriced yet, which is where the Bullski sale sits at $0.00001.

Are altcoins better than Bitcoin right now? They are different jobs. Bitcoin is the deepest and calmest market. Altcoins carry more risk and tend to move further in both directions once money rotates into them.

What is the cheapest altcoin on this list? Bullski, at $0.00001 in stage 1. That is not a market price though, it is the published price for the current rung of a sixteen-step sale.

How many altcoins should someone hold? A handful you can actually follow beats a long list you cannot. Most buyers keep two or three larger names and one or two early-stage positions.

For More Information Website: Visit the official Bullski website at bullski.io

Telegram: Join the Bullski Telegram channel at t.me/BullskiCoinOfficial

X (Twitter): Follow Bullski on X at x.com/bullskicoin

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Bitcoin is holding near $63,000 as spot Bitcoin ETFs snapped a five-day inflow streak, while traders remain cautious ahead of key inflation data.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$63,524.55Ethereum(CRYPTO: ETH)$1,862.63Solana(CRYPTO: SOL)$75.16XRP(CRYPTO: XRP)$1.01Dogecoin(CRYPTO: DOGE)$0.07089Shiba Inu(CRYPTO: SHIB)$0.054441Notable Statistics:

Coinglass data shows 78,008 traders were liquidated in the past 24 hours for $171.82 million.         SoSoValue data shows net outflows of $144.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $14.6 million. In the past 24 hours, top losers include Audiera, Virtuals Protocol and ether.fi. Notable Developments:

Bitcoin’s Biggest Rival Isn’t Ethereum. It’s the AI Trade Bitcoin Miner Riot Platforms Could Rally 80% as AI Deal Creates ‘Clear Scale Up Path:’ Bernstein Why Haven’t Bitcoin, Ethereum Moved in Weeks? Technical Analysis May Have the Answer Coinbase Exec Says Bitcoin’s Downturn Is Part of Its Adoption—But That Won’t Lift Price, Analysts Warn Robinhood Expands UK Crypto Ecosystem With Trading and AI Tools Arthur Hayes Backs Bitcoin, Says US Will Have to ‘Print Trillions’ to Save the Yen Trader Notes:

Swing trader Roman Trading suggests accumulating Bitcoin at current levels to spread risk. He argues buyers could be rewarded even if the bottom is not in and that shorting carries greater risk than going long.

Trader Cantonese Cat sees Bitcoin’s bullish divergence suggests the downtrend is losing momentum, potentially limiting further downside, though it does not guarantee a trend reversal.

Trader KillaXBT argues Bitcoin may avoid an “extreme bear” phase this cycle because the preceding bull market never reached overheated or euphoric conditions.

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XRP's price is currently just above the psychological $1 mark, effectively invalidating one of its most significant support structures of 2025. The decline is particularly noteworthy because it occurs while XRP Ledger activity is still comparatively high. After dropping below the $1.05-$1.07 range that had consistently offered support during the most recent consolidation, XRP is currently trading at about $1.006. 

Short-term picture isn't yet clearThe short-term moving average, which is currently close to $1.065, strengthened this region. Rather than recovering it, XRP has kept generating lower highs and lower lows. The obvious next issue is that $1 is now the first line of defense. A persistent break below $1 would be more significant than another typical daily decline. 

XRP/USDT Chart by TradingViewThere isn't much obvious support for XRP below the current price. If selling picks up speed, the next possible demand area is around $0.95, followed by roughly $0.90. Moving averages support the negative framework. While the larger averages sit significantly higher at roughly $1.178 and $1.370, XRP stays below the averages near $1.065 and $1.082. 

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Since they are all positioned above the market, any attempt at a recovery will face several levels of resistance. Additionally, momentum is declining. The daily RSI has dropped to about 34.2, which is close to oversold territory but not quite at the traditional 30 threshold. This allows for more declines before XRP becomes technically stretched. 

Network remains activeIt's interesting to note that the weakness does not seem to be caused by declining network participation. According to XRP Ledger data, there were roughly 207,028 active users on August 10. In general, activity has increased from about 100,000–120,000 users in the middle of July to about 200,000 or more recently. 

As a result, there is an obvious discrepancy between market performance and network usage. Spot demand has not increased enough to stop XRP's decline despite more active users. Although network activity can bolster a longer-term fundamental argument, it does not ensure that the token will appreciate right away. 

For XRP, the first significant indication that the most recent breakdown is being contested would be the recovery of $1.065–$1.082. Until then, the technical structure remains very bearish, with $1 being much more significant now that the previous support zone has failed.

Altcoins

11 August 2026 | 11:11 XRP has returned to the area that marked its 2026 low. The token slipped to roughly $1 on August 10, marginally below the June 26 bottom near $1.01 and its weakest level since mid-November 2024. An initial recovery toward $1.02 faded quickly, with XRP back near $1.0038 on August 11.

Key Takeaways XRP is testing whether its yearly bottom can survive. Spot and futures flows still favor sellers. Long liquidations are adding to the decline. Bulls still need a broader technical recovery. XRP Is Testing Its 2026 Low The June low near $1.01 had held as XRP’s lowest point of the year until this week’s move briefly pushed beneath it.

A wick below $1 would not settle the question. A sustained move under the level would carry much more weight, with the next visible support sitting around $0.93.

The daily RSI is down to 33.9 but has not yet crossed below 30. XRP is approaching oversold territory, though the indicator still leaves room for sellers to press further.

XRP defending key support levels and testing moving averages, currently trading lower. The 50-Day SMA Is the First Repair Target The damage is also visible higher on the chart.

XRP has broken below the rising trend line that supported the June-July recovery and remains under the 50-day SMA, now around $1.081. The moving average itself has started turning lower.

Holding the current low would stop the immediate decline from extending, but it would not repair the chart on its own. A move back above the 50-day SMA would be a stronger sign that buyers are regaining some of the ground lost during the selloff.

The order-flow data helps explain why that recovery has been difficult so far: active selling remains stronger in both spot and derivatives markets.

Spot Flows Still Lean Toward Sellers CoinGlass data shows negative XRP spot flow across every window in the snapshot.

Over 24 hours, inflows totaled $66.65 million against $76.17 million in outflows, leaving net flow at -$9.52 million. The imbalance reaches -$19.96 million over three days, -$32.26 million over five days and -$47.19 million over seven days.

XRP is therefore testing major support without a clear pickup in aggressive spot demand. The imbalance is considerably larger in derivatives.

A Long Flush Is Adding to the Selloff XRP futures recorded net flow of -$78.63 million over 24 hours, widening to -$98.94 million over three days, -$163.03 million over five days and -$261.97 million over seven days.

At 03:00 on August 11, when XRP was near $1.0039, CoinGlass recorded about $2.11 million in long liquidations against only $56,850 in shorts.

The skew confirms that a long flush was underway as XRP pressed into support. It does not account for the entire multi-day futures imbalance, but forced exits are clearly adding to the selloff rather than the move coming only from traders opening fresh shorts.

If $1 gives way while that deleveraging continues, forced selling could accelerate the breakdown.

Funding Has Not Fully Reset Despite the long-liquidation spike, XRP’s open-interest-weighted funding rate was still positive at 0.0045% in the same snapshot.

Some long bias therefore remained in the perpetual market even after leveraged buyers had already taken losses.

Funding can change quickly during a sharp move, so a single reading should not be stretched too far. But if it remains positive during another move lower, there could still be vulnerable long exposure left to unwind.

A cooler funding rate while buyers hold the current support would offer a healthier sign that some of the excess leverage has been cleared without triggering another leg down.

$1 Separates the Two Scenarios XRP is now sitting at the point where the decline either stabilizes or starts damaging the year’s broader price setup.

A confirmed break below $1 would remove the support that stopped the June selloff. That risk is reinforced by negative spot flows, heavier futures selling and a liquidation skew that has already punished leveraged longs.

A successful defense would keep the yearly low intact, but buyers would still need to recover the technical ground lost during the decline before the chart starts looking healthier.

For now, the burden is on buyers. Holding $1 keeps the recovery case alive; losing it would leave sellers in control.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and readers should conduct their own research before making any investment decisions. Author

Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Two days after the incident, it emerged that the Coreum cross-chain bridge lost around 200,000 XRP during a 97-minute attack. Initial theories on social media linked the incident to a vulnerability in the XRP Ledger's "rippling" function. 

However, an analytical report from xrpl.to showed that the bridge effectively robbed itself by blindly trusting the attacker's transactions.

How 200,000 XRP got lostNative XRP has no issuer or trust lines, so rippling is technically impossible for it. Moreover, every malicious payment was signed using the bridge's own legitimate multisignature, with a quorum of 17 out of 28 relayer keys, or validators. The hacker did not compromise the keys but simply created the illusion of a deposit for the validators.

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First, the attacker moved their own wrapped tokens, or wrapped-CORE, between wallets they controlled, with a memo containing transfer details for Coreum attached to these transactions. Because the wrapped tokens had been issued by the bridge itself, the transfers appeared in its transaction history without any problems.

 Transaction mechanism analysis of the Coreum bridge exploit on the XRP Ledger, Source: xrpl.toThis was where the system's blind spot came into play. The relayer operators checked only whether a transfer had occurred and what was written in the memo field, while completely ignoring the recipient address. 

A check confirming that the funds had actually been sent to the bridge's wallet had simply never been added to the relayer code.

As a result, Coreum accepted the fake deposits and credited the hacker with a balance on its network. The attacker then requested a regular withdrawal, and the validators signed the transactions sending 200,000 real XRP from the bridge's XRPL wallet without hesitation.

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The team responsible for the bridge's security has a long history of rebranding. It initially created the Sologenic (SOLO) project on the XRPL, then launched its own Layer 1 blockchain, Coreum, and in March 2026 merged both ecosystems under the U.S. brand TX, focused on the tokenization of real-world assets (RWAs).

The fact that a regulated U.S. company claiming institutional status could make such a basic mistake in its cross-chain verification logic damages TX's reputation more than the amount lost. 

It moves the question of who is to blame from the realm of a random bug to that of systemic quality control within the company.

What is happening to the tokens now?At the time of writing, the TX team had still not released an official post-mortem report. The Coreum bridge remained completely suspended.

The hacker's identity remains unknown, but on-chain trackers are already seeing a classic attempt to cover their tracks. The stolen XRP is being rapidly distributed through a chain of transit wallets that were created a month and a half before the attack.

Nearly 200,000 XRP was drained from the Coreum XRPL bridge on Aug. 9 after an attacker appears to have exploited a flaw in its relayer logic, rather than a vulnerability in the XRP Ledger itself. 

Summary

Nearly 200,000 XRP left Coreum’s bridge in 94 signed payments during a 97 minute attack. Blockchain analysis found 17 of 28 relayer signatures authorized each XRP payout from the bridge. Relayer code processed successful payments with bridge memos without verifying the payment destination address first. XRPL documentation confirms native XRP has no trust line, contradicting the initial rippling explanation directly. Coreum had not published an official incident report by Tuesday while the bridge remained halted. On chain analysis published Aug. 11 traced 199,916.3 XRP leaving the bridge account through 94 payments over 97 minutes.

The bridge held about 200,410 XRP before the sequence began at 19:16 UTC. By 20:53 UTC, its balance had fallen to 493.5 XRP. Every outgoing XRP payment carried the bridge’s own multisignature authorization, with 17 signatures from its 28 relayer keys. The evidence does not indicate that those keys were stolen.

Coreum bridge drained of XRP, source: XRPL.to XRP bridge relayers mistook self payments for deposits The attack appears to have targeted how Coreum’s relayers interpreted transactions. The attacker first moved the bridge’s own wrapped Coreum token between wallets under their control while attaching a memo formatted for the bridge. Those transactions appeared in the bridge account’s history because the account issues the wrapped token.

The public relayer code checks whether a payment succeeded, extracts a Coreum recipient from its memo and reads the delivered amount before submitting deposit evidence. However, the published processing flow does not compare the payment’s destination with the bridge address. That allowed wallet to wallet transfers carrying the right memo to be interpreted as deposits.

XRPL.to found that 21 relayers attested the attacker’s first phantom transaction. Once enough matching evidence reached the Coreum contract, the system credited balances that were not backed by real deposits. The attacker then used the bridge’s normal withdrawal process, prompting its relayers to authorize real XRP payments.

The pattern resembles a wider bridge security problem discussed in recent security coverage: cross chain systems can fail even when their underlying blockchains remain secure if the mechanism verifying events on another chain accepts incorrect information.

XRP Ledger data contradicts the rippling theory An initial warning blamed “rippling” and the bridge account’s DefaultRipple setting. The later transaction analysis rejected that explanation. XRP Ledger documentation states that rippling applies to issued assets held through trust lines. Native XRP does not use those trust lines.

The transaction record provides another distinction. XRPL.to attributed all 199,916.3 XRP removed from the account to payments signed by the bridge itself and found no XRP leaving through a rippling route. It also found that the transactions were not partial payments.

The incident therefore does not currently point to an XRP Ledger consensus failure. That distinction is relevant after developers recently strengthened review of XRPL software and proposed features, as covered in previous software audit coverage. The Coreum incident instead centers on software connecting two independent networks.

Stolen XRP moves onward as bridge stays halted The two initial receiving wallets forwarded nearly all the XRP within hours. XRPL.to traced roughly 169,000 XRP into two staging accounts created on June 28, with another roughly 34,000 XRP moving toward three other wallets. The analysis has not identified the attacker.

No further XRP left the bridge after 20:53 UTC on Aug. 9. Its account made one additional wrapped token transaction early the next morning before going silent, while the bridge contract was subsequently reported halted. Coreum had not published an official post incident account when the Aug. 11 analysis was released.

The bridge’s own specification allows any relayer or the contract owner to halt operations when unexpected behavior occurs, while only the owner can resume them. The next steps to watch are a formal incident report, remediation of the destination verification flaw, any recovery efforts involving the transferred XRP and a decision on when the bridge can safely reopen.

XRP Price Today: The Whole Market Is Staring at One Dollar, and Tomorrow Decides What It Means

A recent cyberattack on the Coreum cross-chain bridge led to a loss of approximately 200,000 XRP during a 97-minute window, raising concerns over the protocol’s security practices and quality assurance processes.

Security flaw exposes Coreum bridgeInitial discussion on social media focused on a potential vulnerability in the XRP Ledger’s “rippling” feature, which some believed may have played a role in the breach. However, further analysis revealed that this theory did not account for the root cause of the exploit.

A report from xrpl.to, a data analytics platform specializing in the XRP Ledger ecosystem, stated that the bridge’s own processes were at fault for the loss. The report found no evidence that the attacker compromised system keys or leveraged rippling against the XRPL.

Experts explained that native XRP does not rely on trust lines or issuers, meaning the “rippling” functionality cannot be applied to it. Instead, the bridge processed every malicious transaction using its own multisignature mechanism, requiring approval from 17 out of 28 validators.

Native XRP lacks trust lines, so rippling does not affect it. Instead, every rogue withdrawal was processed through the bridge’s legitimate multisignature workflow, signed by the required quorum of validators without compromise.

How the exploit workedThe attacker initiated the breach by transferring wrapped tokens, referred to as wrapped-CORE, between wallets under their control. These transactions included memos detailing transfer instructions for Coreum. Since the bridge itself had issued the wrapped tokens, the movements appeared legitimate in transaction logs.

A key vulnerability allowed the exploit to succeed. The relayer operators, responsible for validating transactions, checked only whether a transfer took place and what was written in the memo field. Critically, they did not verify whether the assets were actually sent to the bridge’s wallet address.

Without this check in place, the attacker could convince the bridge to credit fake deposits. They then requested a standard withdrawal, prompting the validators to sign and send the actual XRP funds—totaling 200,000 XRP—to the hacker’s address on the XRPL, all through the legitimate transaction process.

Company background and falloutThe security team behind the affected bridge previously launched the Sologenic (SOLO) project on the XRP Ledger and later unveiled their own Layer 1 blockchain, Coreum. In March 2026, these platforms were merged into TX, a US-based company specializing in the tokenization of real-world assets (RWAs).

Mini dictionary: TX is a US-based blockchain company that emerged from the merger of Sologenic and Coreum, focusing on tokenizing real-world assets (RWAs).

Industry observers warn that the true damage to TX may lie not in the stolen amount, but in the apparent lapse in cross-chain verification procedures—an oversight considered fundamental for a regulated entity that promotes itself as an institutional-grade platform.

This occurrence highlights a systemic weakness in quality control rather than an isolated software bug, calling into question the robustness of the company’s risk management standards.

As of publication, TX had not released a detailed post-mortem about the incident. The Coreum cross-chain bridge remained offline in response to the breach.

Aftermath and ongoing investigationThe perpetrator’s identity continues to elude investigators. However, blockchain tracking services have observed the stolen XRP being distributed across numerous intermediary wallets, a common tactic designed to obfuscate the transaction trail.

EventDetailsStolen amount200,000 XRPBridge statusSuspendedAttack duration97 minutesCompany involvedTX (formerly Sologenic/Coreum)The attacker reportedly set up the series of transit wallets used to move the funds about six weeks prior to the exploit, suggesting a degree of planning. At the time of writing, coin holders and the broader community awaited further updates from TX regarding potential recovery efforts and improvements to security protocols.

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