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Important Ripple News and XRP Price Update: August 11

Bitcoin slipped below $64,000 on Aug. 11 as traders cut risk ahead of fresh U.S. inflation data and rising oil prices revived concerns about the Federal Reserve’s rate path. 

Summary

Bitcoin traded near $63,855, down 1.6%, after failing to establish support above $65,000 this week. Ether fell 2.2% and XRP lost 2.1%, while Hyperliquid and Chainlink advanced against broader weakness. U.S. spot Bitcoin ETFs recorded $144.6 million in net outflows Monday after five inflow sessions. Brent crude held near $88 as stalled U.S. Iran talks renewed inflation concerns before CPI. July CPI is scheduled Wednesday at 8:30 a.m. ET, leaving crypto exposed to macro volatility. BTC traded near $63,855 at the time of writing, down about 1.6% over 24 hours after making several unsuccessful attempts to establish support above $65,000.

The pullback follows a short recovery that took Bitcoin above $65,300 on Monday. As covered in Monday’s CPI preview, weaker U.S. employment data had previously helped BTC recover as traders reduced expectations for tighter monetary policy. The focus has now shifted to inflation and energy prices.

Bitcoin has tested the $65,000 area for four consecutive days without sustaining a move above it. Downside levels remain relevant. Recent short term holder analysis placed the average acquisition price for newer holders at $67,523, meaning BTC remains below a level where some investors could seek to exit near breakeven. Support has recently formed around $63,000 to $64,000.

Ether and XRP lead losses as altcoins split Large cap altcoins were mostly weaker alongside Bitcoin. Ether traded at about $1,871 at press time, down 2.8% over 24 hours. XRP traded near $1.00 after falling 3.1% and was down more than 6% over seven days. Solana declined about 1% to $75.78, while BNB slipped 1% to roughly $599.

Crypto market overview, source: QuantifyCrypto Performance was not uniformly negative. Hyperliquid rose about 2.4% to $55.25, Chainlink gained 2% to $8.43, TRX advanced 0.5% to $0.33 and Dogecoin added roughly 0.5% around $0.07. Among the top 100 assets shown, Internet Computer gained 8.3%, Lighter rose 7% and Mantle added 5.8%. Bitway fell 8.1%, Canton declined 6.5% and Cardano lost 4.8%.

The split suggests traders are still willing to take selective altcoin exposure despite weakness in Bitcoin, Ether and XRP. However, the broad market has yet to show the synchronized strength typically associated with a sustained risk rally.

U.S. CPI and oil become the next macro test Oil has returned as a major U.S. macro risk. Brent crude held around $87.81 on Tuesday after gaining more than 5% in the previous session as hopes for an agreement between Washington and Tehran weakened. Negotiations over the Strait of Hormuz remain unsettled, keeping energy supply risks elevated. Reuters provided the latest report.

Higher energy prices can feed into inflation expectations and affect the outlook for U.S. interest rates. The Bureau of Labor Statistics schedule confirms that July CPI will be released Wednesday, Aug. 12, at 8:30 a.m. ET. The release gives traders a fresh reading on inflation after softer June data had eased some pressure on risk assets.

U.S. Treasury markets are already reflecting some of that caution. The benchmark 10 year yield rose toward 4.7% alongside oil on Monday. Higher yields generally raise the return available on lower risk assets, creating another hurdle for Bitcoin and other cryptocurrencies ahead of the CPI release.

What happens next for Bitcoin and ETF flows Institutional flows offer a mixed signal. U.S. spot Bitcoin ETFs recorded five consecutive positive sessions from Aug. 3 through Aug. 7, attracting $865.3 million according to Farside Investors. That streak ended Monday with $144.6 million in net withdrawals, including $53.6 million from BlackRock’s IBIT and $52 million from Grayscale’s GBTC. Farside’s latest data replaces earlier provisional estimates of Monday’s outflow.

The strong preceding week was examined in recent ETF inflow coverage, although that report used SoSoValue figures and therefore produced a slightly different weekly total. Both datasets showed the same broad pattern: five positive sessions followed by renewed withdrawals on Monday.

Washington also remains part of the market backdrop. The Senate pushed its CLARITY Act vote into September after lawmakers failed to resolve disagreements before the August recess, as detailed in earlier CLARITY Act coverage. That removed an anticipated August policy event while leaving market structure legislation unresolved.

Wednesday’s CPI release is now the nearest fixed catalyst. Bitcoin first needs to reclaim $65,000 before the $67,500 to $70,000 region becomes relevant again. 

Bitcoin (BTC) price chart, source: crypto.news A move below the recent $63,000 area would instead put the market’s latest recovery under greater pressure. Neither direction has been confirmed, leaving inflation, Treasury yields and ETF flows as the clearest near term signals to watch.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Zoomex Monthly On-Chain Report: July 2026

Leading cryptocurrencies traded in the red alongside stocks on Monday as uncertainty on Iran negotiations kept risk appetite in check.

Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:17 p.m. EDT)Bitcoin (CRYPTO: BTC)-1.56%$63,976.86
Ethereum (CRYPTO: ETH)
               -2.13%$1,874.37XRP (CRYPTO: XRP)                         -1.89%$1.01Solana (CRYPTO: SOL)                         -1.01%$75.86Dogecoin (CRYPTO: DOGE)             +0.33%$0.06992Crypto Market Sells OffBitcoin faced intense selling pressure as 24-hour trading volume surged 56%, pushing its price down toward $63,000. Ethereum’s trading volume jumped 70%, while the second-largest cryptocurrency slipped below $1,900.

Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 2.68% and 3.83%, respectively. 

Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data.

Bitcoin’s open interest fell 0.40% over the last 24 hours, aligning with the drop in spot price. Meanwhile, retail and whale derivatives traders on Binance increased their BTC long exposure after the price drop.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:17 p.m. EDT)Cysic (CYS)      +32.25%    $1.32Nexus (NEX)                   +19.75%    $0.000001717Ribbita by Virtuals (TIBBIR)              +14.86%    $0.1362The global cryptocurrency market capitalization stood at $2.18 trillion, following a dip of 1.35% over the last 24 hours.

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Stocks Lag Amid Iran DeadlockStocks kicked off the week with losses. The Dow Jones Industrial Average fell 60.95 points, or 0.11%, to close at 53,975.98. The S&P 500 slid 0.06% to close at 7,753.11, while the tech-focused Nasdaq Composite dropped 0.32% to settle at 26,605.36.

Iranian President Masoud Pezeshkian reportedly called for a deal with the U.S. over the Strait of Hormuz, adding that the war “has to be brought to an end at some point.”

Meanwhile, claims circulated on social media that Iran had "flatly" ruled out negotiations with President Donald Trump and planned to wait out his term until 2029. However, there was no official confirmation from Tehran.

A Bullish Fluctuation Incoming?Blockchain research firm Santiment highlighted Bitcoin’s elite wallets, i.e, those holding at least 10,000 BTC, jumped to a 6-month high, with a 7% increase over the last two months.

“Smaller holders are losing share, while the largest wallets are gaining presence again,” Santiment added. “Supply is rotating toward stronger hands before the next major market fluctuation, and this usually increases the likelihood of that fluctuation being a bullish one.”

On-chain analytics firm CryptoQuant stated that Bitcoin may be approaching an acute “top formation phase,” with downside risk increasing as prices climb. The firm also saw limited chances of a sustainable breakout into a “stable uptrend.”

“Given the elevated risk and weak data, larger buys should be held back for now. Stronger cyclical entries become attractive near $51,000,” CryptoQuant added.

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Top Altcoins Price Forecast: Ripple hits 20-month low as Cardano and Solana lack momentum

XRP remains under pressure as technical analysts from Mango Research warn that the token could decline to the $0.91 or even $0.80 range before any major upward move becomes likely. The forecast follows XRP’s persistent movement within a year-long descending channel, a pattern traced since July of last year.

Technical analysis highlights downside riskThe Mango Research commentator identified a potential bullish reversal, but stressed that confirmation would only come if XRP breaks above the upper boundary of its current channel. Falling channels are at times interpreted as catalysts for trend shifts, yet the analysis notes that, for now, risk leans toward further declines.

According to the measured-move method employed by the analyst, a breakout would point toward a target of $1.62. This price also lies above the level described as “dynamic resistance” on a weekly indicator seen through the Mango Research dashboard.

In the short term, the outlook appears bearish. The analyst described XRP as “short across the board,” citing dashboard readings that indicate ample room for more downside. Volatility metrics with values of 18, 52, 13, 8, and 4 were referenced, though no detailed methodology was supplied for these numbers.

Oscillator signals and accumulation zone potentialAdditional downside signals emerged from the Mango Pulse indicator, which produced a bearish cross on the two-day chart. The analyst compared this setup to previous instances—specifically on January 23 and May 21—when similar crosses coincided with XRP losses of approximately 43% and 27%.

Despite the current negative momentum, the presenter framed the suggested $0.91 to $0.80 pullback as a possible accumulation opportunity. This zone aligns with the lower trendline of the falling channel and could, in the analyst’s view, offer buyers access to prior bear-market price territories.

Technical indicators also came into focus. The analyst highlighted stochastics readings below the 20th-percentile and an RSI that remains within the bearish-control area, historical setups that sometimes aligned with reversal points in earlier XRP market cycles. However, the commentary noted that indicator behavior in the past does not guarantee future outcomes.

Importance of market monitoring and diversified toolsFor traders tracking XRP’s price structure, the critical threshold is the channel’s upper resistance. The analyst cautioned that the bullish scenario only materializes if the breakout is confirmed and XRP maintains this area as support.

Effective monitoring of technical patterns is key, yet market participants are exploring innovative platforms to manage risk and capitalize on opportunities. One such example is 1stepSwap, a practical platform bridging traditional finance and the crypto sector. By bringing real-world assets such as major U.S. stocks and commodities like gold and silver to the blockchain, it enables direct, straightforward access and real-time price discovery, giving users the ability to diversify portfolios and transact at favorable rates—directly from their wallets, without intermediaries.

XRP’s price action will be guided not just by the projected $1.62 level, but by its ability to break above the channel’s key resistance and sustain those gains. Until then, analysts remain cautious about near-term downside risk toward $0.80 to $0.91, viewing potential dips as accumulation zones aligned with historical bear-market lows.

The video associated with the analysis also featured a promotion for leveraged trading with a 20% deposit-related bonus on Bitunix. This offer exists independently from the technical assessment and is subject to the risks inherent to trading derivatives, especially during periods of volatility.

Looking ahead, analysts emphasize the importance of monitoring XRP’s technical structure. A confirmed breakout could pave the way for renewed bullish interest, while holding below resistance may continue to expose the token to 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.

XRP price has closed at its lowest weekly level in nearly two years, putting it at a critical juncture as investors watch whether the long-standing $1 support can hold.

Analyst Ash Crypto highlighted the development, noting that XRP recorded a weekly close of just $1.029, marking its weakest weekly close in nearly two years.

The decline has brought XRP back to a historically important price zone. Market watchers are now debating whether the token is preparing for a reversal or a dip below $1, which will be happening for the first time since 2024.

XRP chart XRP Tests Major $1 Support Notably, XRP is currently trading around $1.03, down approximately 0.5% over the past 24 hours and 3.43% over the past seven days. The cryptocurrency is also down roughly 44% year-to-date.

According to XRP developer and market commentator Bird, XRP is now sitting directly on a major support area around $1. He suggested that XRP could move higher if it holds the $1.00 support, confirms the double bottom, and completes the W-shaped pattern, potentially making a move below $1 a thing of the past.

The chart shared alongside the analysis shows XRP testing the same area where it previously found support. This creates the possibility of a double-bottom or W-shaped reversal pattern.

Could XRP Briefly Fall Below $1? Bird also outlined a second possibility: XRP could temporarily break below $1 to collect liquidity before reclaiming the level and beginning a stronger recovery.

Under this scenario, a move below $1 would not necessarily invalidate the bullish setup if XRP quickly reclaimed the psychological level.

The analyst emphasized that both scenarios could ultimately lead to the same destination: a higher XRP price, with the key question being how the market behaves around the $1 zone.

XRP chart by Bird on X Analyst ChartNerd shares a similar outlook. He expects the XRP price to fall to $0.7 before a strong rebound takes place. To him, XRP will remain bearish till the end of 2026.

Notably, analyst Ali Martinez said the TD Sequential indicator has flashed a buy signal on XRP’s monthly chart. Historically, similar signals preceded major rallies, including gains of 1,074% in 2020 and 973% in 2022.

However, he said XRP must first clear $1.06, a key resistance level where nearly 3 billion XRP were reportedly transacted. A monthly close above it could open the way toward $1.35 and potentially $1.64.

XRP at a Critical Turning Point The coming sessions could therefore prove important for XRP. Holding above $1 could strengthen the case for a double-bottom formation, while a temporary dip below that level, followed by a recovery, could represent a liquidity sweep. Meanwhile, a decisive loss of that support could increase bearish pressure.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

XRP has signaled a technical configuration last observed in November 2024, as its market price has fallen below a closely watched Open Interest level, according to crypto analyst Chad Steingraber.

The technical setup: Open Interest battleline revisitedOpen Interest measures the total value of open derivatives contracts, such as futures and options, for an asset and serves as an indicator of market sentiment and positioning.

Chad Steingraber, a prominent market observer and researcher, highlighted that XRP dropped below what he terms the “Open Interest battleline.” As of August 8, 2026, XRP traded at $1.04, while Open Interest stood at $2.49 billion. This mirrored the scenario from late 2024, when a similar pattern preceded a dramatic rally.

The price of ripple:native is now UNDER the Open Interest battleline. The last time this happened it was in November 2024.

Earlier in 2025, Open Interest for XRP peaked at $8.56 billion with the asset near $2.96. Both figures have dropped considerably, with Open Interest compressing and the price declining to the current level. The chart positions now suggest a tight convergence of both metrics—a key signal in technical analysis.

Mini dictionary: Open Interest, a measure of the total number of outstanding derivative contracts (futures and options) that have not been settled. High Open Interest can indicate strong interest from traders, while declining Open Interest may signal waning momentum in the market.

DateXRP PriceOpen InterestNovember 2024$0.50$2.49 billionJanuary 2025$3.40$8.56 billionAugust 8, 2026$1.04$2.49 billionLessons from November 2024: Historic rally and market reactionIn November 2024, XRP also slipped below the Open Interest battleline. The market soon experienced a steep price rally as XRP climbed sharply from approximately $0.50 to nearly $3.40 within three months—a surge exceeding 500%.

That earlier move aligned with the re-election of Donald Trump as US President and a shift toward more favorable crypto regulations. The wider crypto market also rallied, as Bitcoin crossed the $100,000 mark. XRP’s price and its Open Interest accelerated together, with new capital reportedly entering from both institutional and retail participants.

Few traders identified the 2024 setup in real time, but those who did saw XRP post a multihundred percent rally in a short window. The combination of low price and compressed Open Interest built the conditions for an outsized move.

Current conditions and trader focusOnce again, XRP’s Open Interest and price have compressed, returning to levels reminiscent of the 2024 rally environment. Steingraber pointed out that this pattern represents a “battleline” re-emerging on the charts.

Industry observers note that major market catalysts—such as regulatory developments, macroeconomic trends, or renewed institutional activity—would likely be necessary to recreate the rapid acceleration seen previously. With both metrics meeting near their historical lows, market participants are closely monitoring for a possible repeat of past moves.

While this configuration does not guarantee a price rally, analysts believe it establishes a context for heightened volatility and potential upside if new catalysts appear. XRP traders who missed the 2024 surge are watching to see if a similar breakout pattern could take shape in the coming months.

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

XRP is approaching a major technical zone after years of moving within a broad ascending channel, according to chart insights shared by crypto analyst Amonyx. His recent post highlights an impending critical moment for the digital asset, drawing attention to a convergence of several long-term trendlines. The chart shows XRP trading near $1.04, positioning the cryptocurrency at a crucial intersection that has historically marked key turning points in its price action.

XRP tests long-term trendline supportThe weekly chart illustrates XRP’s position within an extended ascending channel that dates back over a decade. Within this structure, a prominent ascending red trendline links several historical lows and now sits around the $1 mark. XRP is currently retesting this area after previously bouncing off the trendline on multiple occasions, suggesting that this level has served as significant long-term support.

The technical setup also features a descending trendline forming the upper boundary, resulting in a narrowing pattern as support and resistance lines converge. The shrinking space within this structure increases the likelihood of a breakout should XRP decisively move above the descending resistance.

Amonyx’s chart conveys a strong signal that current conditions could lead to a major price movement, with the analyst summarizing: “This XRP chart is screaming one thing: EXPLOSION INCOMING.”

Repeating cycle shapes XRP price actionHistorically, XRP has navigated a series of consolidation triangles framed by rising long-term support and descending resistance. These recurring patterns previously led to significant breakouts, including rallies in 2021 and 2023 when XRP surged after similar technical structures resolved.

The largest upward move in recent history occurred in late 2024. Following a breakout from a consolidation triangle, XRP increased by over 500%, climbing above $3 for the first time since 2018. After reaching a peak at $3.65, the cryptocurrency entered an extended pullback, returning below a descending trendline and forming a fresh consolidation pattern. Analysis suggests the current technical configuration could soon produce another decisive shift.

Technical outlook and potential price targetsThe chart provided by Amonyx includes broad blue channels above XRP’s present value, outlining several long-term price objectives if a breakout happens. These targets range from $16 up to $500 and beyond, indicating the scale of potential price appreciation if major resistance is overcome and the asset maintains its overall structure.

A breakout could theoretically drive XRP as high as $900, according to the roadmap laid out in Amonyx’s analysis. Such projections are highly speculative and depend on XRP’s ability to breach major resistance thresholds. These outlines are not definite price forecasts but serve to highlight the technical importance of the current market setup.

Mini dictionary: Amonyx is a cryptocurrency market analyst known for technical chart analysis and sharing price action forecasts on social media, particularly around major assets like XRP.

EventDate/PeriodXRP Price Movement2021 breakout2021Upward rally after consolidation triangleMajor rallyLate 2024Rises over 500%, peaks at $3.65Current support retest2026Near $1.04, testing long-term trendlineTarget price zones (after breakout)Future projections$16, $90, $160, $500, up to $900The scenarios outlined depend heavily on XRP’s performance at key technical boundaries, emphasizing that these figures reflect theoretical potential rather than guaranteed outcomes.

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

Ripple has voted to support two XRP Ledger amendments designed to introduce single-asset vaults and fixed-term institutional lending directly at the network’s protocol level.

Summary

Ripple’s validator voted “yes” on XLS-65 and XLS-66, supporting native vaults and lending. XLS-65 has reached 40% validator support, while XLS-66 has secured more than 37%. Both amendments require over 80% support for two consecutive weeks before activation. The framework could support loans funded with XRP, RLUSD, and other XRPL-issued assets. Ripple’s validator has backed the Single Asset Vault and Lending Protocol amendments as voting continues among trusted XRP Ledger validators.

🚨BREAKING: RIPPLE VOTES TO ADVANCE SINGLE ASSET VAULT (XLS-65) AND LENDING PROTOCOL (XLS-66)

Ripple voted in favor of Single Asset Vault (XLS-65) and Lending Protocol (XLS-66) amendments, moving them closer to enabling on the XRP Ledger.

Meanwhile, 39% of validators have now… pic.twitter.com/nKGaagryP2

— Rednirav (@CryptoRednirav) August 10, 2026 XLS-65, which would introduce Single Asset Vaults, has reached approximately 40% support. XLS-66, covering the proposed Lending Protocol, has received more than 37% support, according to the latest voting data.

The current totals remain well below the activation threshold. An amendment must maintain support from more than 80% of trusted validators for two continuous weeks before it can become active on the XRP Ledger mainnet.

Based on the current default Unique Node List configuration, the proposals would need support from at least 28 of 35 validators. Ripple’s vote therefore moves the amendments forward but does not establish an activation date.

The vote follows the amendments’ entry into the formal validator process earlier this year. As crypto.news previously reported, XLS-65 and XLS-66 are intended to provide lending infrastructure at the ledger level rather than through external smart contracts.

Validators can independently decide whether to support an amendment. Ripple’s vote carries attention because the company remains a major contributor to XRPL development, but it cannot activate the proposals by itself.

How XLS-65 and XLS-66 would work XLS-65 would establish a standard structure for pooling one type of asset from multiple depositors. A vault could hold XRP, Ripple USD (RLUSD), or another token issued on XRPL while giving depositors proportional shares representing their claims on the pooled assets.

The vault could then supply liquidity to other services, including the proposed Lending Protocol.

XLS-66 would use liquidity held in those vaults to fund fixed-term loans. Unlike many decentralized lending markets, the proposed system would not require every borrower to provide more collateral than the value of the loan.

Institutions would instead conduct credit checks, compliance reviews, legal assessments, and underwriting off-chain. The XRP Ledger would manage the agreed loan terms, including interest, repayment schedules, servicing, and default records.

Loan brokers would connect borrowers with vault liquidity and manage the credit relationship. A first-loss capital mechanism could absorb an initial share of losses if a borrower defaults, offering some protection to vault depositors.

The separation between off-chain underwriting and on-chain execution is meant to accommodate regulated lenders that cannot rely entirely on anonymous borrowers and automated liquidations. For U.S. institutions, using the protocol would not remove obligations arising from lending, securities, consumer protection, sanctions, or anti-money laundering rules.

Instead, the ledger would serve as settlement and record-keeping infrastructure after participating institutions complete the required checks.

Security review clears major lending flaws The lending code has undergone several security reviews ahead of the validator decision.

Blockchain security firm Halborn completed a re-audit covering transaction checks, accounting rules, access controls, parameter limits, and consistency between protocol states. The review found no critical or high-risk vulnerabilities.

Halborn identified five issues: one medium-risk finding, two low-risk findings, and two informational findings. Ripple addressed, accepted, or acknowledged all five, according to the audit report.

“We are proud to share that we have completed our XRP Ledger Lending Protocol Re-Audit for Ripple,” Halborn said when announcing the review.

The medium-risk issue involved a way loan interest could cause a vault to exceed its maximum asset limit. Ripple resolved that finding, along with a low-risk issue involving a missing freeze check.

The audit does not eliminate default, underwriting, liquidity, or implementation risks. However, it cleared another technical requirement as validators assess whether the amendments are ready for mainnet use. crypto.news covered the re-audit in June.

XRP Ledger applications prepare for activation Developers are already testing possible applications on XRPL’s Lending DevNet while the amendments await approval.

Yield protocol SOIL has said it plans to become one of the first applications built on the Single Asset Vault and Lending Protocol framework. Its proposed products include lending markets, yield strategies, and tokenized fixed-income instruments.

A demonstration showed users depositing assets into separate vaults and receiving tokens representing their proportional ownership. However, the system remains in a development environment and cannot launch on the mainnet unless validators approve both amendments. crypto.news previously reported on SOIL’s preparations.

Ripple-backed XRP treasury company Evernorth has also identified the lending framework as a possible way to earn institutional-grade returns on its holdings. Actual yields would depend on borrower demand, credit quality, vault terms, and protocol adoption after launch.

The vote comes alongside the release of XRP Ledger version 3.3.0, which includes work on lending, confidential transfers, transaction batches, sponsored fees, and configurable token features. Those changes also require validator approval and should not be treated as active mainnet functions solely because their code has been released.

As crypto.news reported, node operators must upgrade their software and consider each amendment separately.

XRP traded near $1.02 at the time of writing, down about 2.2% over 24 hours and 5.7% during the past week. The validator vote did not produce an immediate positive price reaction, suggesting traders remain focused on whether the amendments can reach the required threshold and generate real lending demand after activation.

With the most recent attempt at stabilization failing to result in a significant trend reversal, XRP is still trapped in a strong bearish structure. After moving sideways for the majority of July and the first part of August, the asset now trades at $1.03, perilously close to the psychologically significant $1 threshold. 

XRP's path is unclearThe primary issue continues to be the moving-average structure. XRP is below each of the daily chart's four averages. The shorter averages at roughly $1.07 and $1.09 provide immediate resistance, which is followed by much stronger resistance at roughly $1.18. At about $1.37, the long-term moving average is still significantly higher. 

XRP/USDT Chart by TradingViewThe general bearish setup is maintained by the negative slopes of all major averages. Sellers are also favored by momentum. The daily RSI is now below its signal average of 41.7, at about 38.3. 

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Since XRP is not yet significantly oversold, there may be more declines before momentum reaches a clear exhaustion point. As a result, the critical support zone is between $1.00 and $1.03. Losing it would expose $0.95 and $0.90 and eliminate the last remaining psychological support. 

In order to recover, XRP must first recover $1.07–$1.09. A significant structural improvement would be represented by a move above $1.18. 

Zcash enters dynamic supportZcash's technical picture is significantly better. Despite recent consolidation, ZEC is still above every significant moving average on the daily chart, trading at about $505. The closest dynamic support is located at about $497, and the moving averages are at about $481 and $469. 

ZEC/USDT Chart by TradingViewMore significantly, the long-term average at $421 is still rising. As long as buyers protect the $469–$481 range, this alignment makes ZEC's medium-term structure constructive. Rather than being overheated, momentum is neutral. The RSI is close to 52.6, just above its 49.5 signal line. 

This allows ZEC to travel in any direction without the setup being hampered by an extreme momentum reading. Establishing a strong breakout above the $510–$520 range is the current challenge. 

Recent candles indicate persistent reluctance in this area. Clearing it could reopen the $540–$560 range, where selling pressure was present during the previous July rally. After that, the next significant resistance is about $580. On the other hand, a decline below $469 would put the current bullish structure in jeopardy, while a loss of $497 would weaken the immediate setup. 

ZEC is still technically superior to XRP for the time being. Although the price is above rising long-term support, buyers still need a breakout above $520 to resume significant upward momentum. 

Can Ethereum (ETH) finally recover?Although Ethereum is making an effort to create a recovery structure around $1,900, the daily chart still shows ETH at a significant technical barrier. The asset is trading close to $1,905, almost exactly in opposition to the moving average at $1,923, which has consistently constrained upside since the June collapse. 

ETH/USDT Chart by TradingViewSince the June low of about $1,550, short-term conditions have significantly improved. Since then, ETH has experienced higher lows and recovered the shorter moving averages at roughly $1,877 and $1,806. The former now serves as immediate support, but if the current consolidation breaks downward, the $1,800–$1,805 range is a more crucial level. 

Although it has recently flattened, the RSI is currently at 54.8, above the neutral 50 level. This is consistent with price action: buyers are still in some control, but they have not created enough momentum to cause a breakout. 

A daily close above $1,923–$1,950 is the first prerequisite. The psychological $2,000 level and, eventually, the long-term moving average around $2,143 could be reached if this area is cleared. Until then, ETH is still attempting to recover within a much more expansive bearish structure. 

Bitcoin remains in consolidationWith increasingly compressed price action, Bitcoin is still consolidating around $64,800, indicating that the market is getting close to making another directional decision. After rising from roughly $58,000, Bitcoin has been able to maintain a relatively stable support structure by staying above its shorter moving averages around $64,239 and $63,343. 

BTC/USDT Chart by TradingViewAdditionally, the RSI at 53.9 is still somewhat bullish without getting close to overbought territory. The overhead resistance is the issue. The $66,000–$67,000 range is the current barrier for Bitcoin since it is still below the falling moving average at $66,817. 

The much stronger long-term average, at about $72,192, is located above that. The recovery would be strengthened and $70,000–$72,200 might be back in play with a strong break above $66,800. 

But losing $63,300 would expose $60,000, followed by the June bottom at about $58,000, undermining the current higher-low structure. Bitcoin is not yet confirming a bullish reversal or breaking down. The larger trend will be limited until Bitcoin can firmly reclaim $66,800 and start challenging the $72,000 area, even though short-term momentum has recovered.

Robinhood Markets on Monday said it will start offering crypto trading in the UK, giving users access to over 50 cryptocurrencies including Bitcoin, Ethereum, XRP, and Hyperliquid. The all-in-one app will offer crypto trading through Bitstamp UK this week. HOOD stock jumps in premarket hours.

Robinhood Announces Crypto Trading Launch via Bitstamp in the UK Robinhood has begun rolling out crypto trading to eligible UK customers via Bitstamp, adding more than 50 crypto assets to its app. This also includes stocks, ISAs, options, and futures as Robinhood continues to expand its broader crypto ecosystem.

As part of the launch, Robinhood will charge zero trading fees, no account maintenance fees, and no custody fees. However, users must pay a 0.1% foreign exchange fee, which could increase to 0.3% for certain weekend conversions.

However, crypto holdings through Bitstamp UK are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.

The firm also introduced “Robinhood Cortex Digests for Crypto,” a generative AI-powered tool that analyses breaking news, market data, technical indicators and Robinhood’s insights. The AI service helps explain the key factors driving price movements of individual crypto assets on a given day.

“Our new product provides a transparent, low-cost alternative to many incumbent U.K. platforms, which often rely on opaque pricing structures and apply wide spreads that can erode customers’ returns,” Robinhood said.

The launch comes as Robinhood secured crypto registration in UK from the Financial Conduct Authority (FCA). It enabled Robinhood’s UK business to operate legally and meet UK anti-money laundering (AML) requirements.

HOOD Stock Jumps HOOD stock price climbed 0.77% to above $94 as Robinhood continues to expand services. The stock closed 2.84% higher at $93.29 on Friday after moving in the $92.52-$95.75 range.

The stock has surged nearly 8% after reporting its Q2 earnings. While earnings beat Wall Street estimates, crypto transaction revenue dropped to $100 million. However, Robinhood’s launch of crypto trading in the UK could boost its crypto revenue.

Bernstein maintained a $160 price target on HOOD stock, implying about 85% further upside. The firm pointed to Robinhood Chain, tokenized stocks, Bitstamp, and Robinhood Earn as new growth areas.

For investors seeking on-chain exposure to traditional equities, check the best exchanges for tokenized stocks that provide a secure bridge to hybrid digital assets.

XRP analyst Dark Defender reported that XRP’s weekly Relative Strength Index (RSI) has reached a bottom, suggesting an imminent trend reversal if certain price levels hold. The widely followed trader shared a chart on X showing XRP’s price action within an Elliott Wave structure, specifically highlighting a corrective sub-wave inside a larger five-wave formation.

The reversal callThe chart from Dark Defender tracks XRP’s movements against the US Dollar on a weekly scale. The analysis marks a five-wave pattern beginning near $0.43, capturing a correction within wave 5. This correction is broken down into five sub-waves, now positioned at the final point as the RSI dips to 32.60, signaling oversold conditions.

Dark Defender emphasizes the $1.05 area as a crucial technical floor. According to the analysis, holding this level could set the stage for a substantial upward move, completing the five-wave sequence that has developed over several years.

Dark Defender expects “the strongest reversal in history above the $1.05 zone,” with the chart referencing Fibonacci extension targets between $2.90 and $38.30 by 2027.

The chart references Fibonacci extension levels: $2.90 at the 200% extension, $7.46 at 300%, and $38.30 at 427.20%, with wave (5) potentially reaching the upper end of this range. While such upside projections are ambitious, the analyst notes these outcomes are contingent on price stability above $1.05 in the coming weeks.

Mini dictionary: Elliott Wave — A technical analysis tool used to identify recurring long-term price patterns and investor psychology in financial markets, often involving five-wave and corrective sequences.

Reader reactions splitFollowers of Dark Defender’s post expressed a range of opinions on the prospects for XRP. Some, like user JEFF_GO_GET_IT, showed support for bullish scenarios, writing: “.88 and buy a fck ton more,” and expressing willingness to hold even if XRP’s price movement turns volatile.

Others remain highly skeptical. PJ, posting under @PeterWeldon11, criticized technical analysis forecasts, noting, “All you chart guys have been wrong. I’ve yet to see one of you correct.” This sentiment echoed through over 600 views and multiple likes, revealing underlying doubt in the approach.

Commenters like Cryptofanatic420 presented a more balanced view, noting the downtrend aligns with expectations that regulatory clarity could arrive by September or October, but cautioning that if this does not occur, further declines may follow. Meanwhile, Dimitar Ivanov openly rejected the bullish thesis, urging others to consider shorting XRP.

Traders observed the timing of the chart setup matches speculation around upcoming regulatory changes, fueling both optimism and ongoing debate within the community.

Reading the RSI signalThe latest thesis relies heavily on the weekly RSI entering oversold territory. Technical traders often interpret this as a sign that downward momentum could be waning. Dark Defender’s chart highlights the RSI’s yellow moving average flattening just as the final sub-wave completes, reinforcing his argument for a reversal.

For this scenario to unfold, analysts warn that XRP needs to defend the $1.05 critical support level in the coming trading sessions. At present, XRP is consolidating near the support zone identified in the analysis, with market participants split between anticipating a breakout and bracing for further losses. The outcome of the next several weekly closes at or above $1.05 will likely determine which side’s forecast prevails.

Price LevelTechnical Significance$0.43Start of five-wave pattern$1.05Key support/floor for reversal$2.90 – $38.30Target range based on Fibonacci extensionsDark Defender is recognized among the crypto community for applying detailed Elliott Wave analysis to XRP. The debate continues as market participants watch closely for decisive price movements near the highlighted support level.

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

Ripple (XRP) holds firmly above the $1.00 near-term support at the time of writing on Monday. The remittance token’s upside is capped under key descending moving averages, undermining the broader technical outlook.

XRP attracts modest capital inflowsRetail interest in derivatives continues to gain momentum, as perpetual futures Open Interest (OI) climbs to an average of 2.41 billion XRP on Monday from 2.39 billion XRP the previous day.

Broadening the view, OI was at 2.12 billion XRP on August 5, a 12% rise. If this momentum in retail participation persists, XRP could defend the key $1.00 support, raising the probability of a sustained recovery.

XRP Futures OI | Source: CoinGlassUS-listed XRP spot Exchange-Traded Funds (ETFs) attracted $1.01 million in inflows last week, further reinforcing the bullish momentum observed in recent weeks. Total cumulative inflows have reached $1.51 billion, while assets under management now stand at $953 million.

XRP ETF flows | Source: SoSoValueTechnical analysis: XRP remains pressed toward $1.00 supportXRP trades at $1.03, extending a bearish near-term bias as price holds beneath the cluster of Exponential Moving Averages (EMAs) and the prevailing downward resistance trendline. The 50-day EMA at $1.10, the 100-day EMA at $1.18 and the 200-day EMA at $1.37 all sit above spot, suggesting the broader trend remains under pressure, while the downward resistance line, now projected around $1.05, continues to cap recovery attempts.

Momentum indicators reinforce this weak tone, with the Relative Strength Index (RSI) hovering near 40 and the Moving Average Convergence Divergence (MACD) in negative territory, hinting that rallies are still likely to be sold.

XRP/USDT daily chartOn the topside, initial resistance lies at the downward resistance trend line near $1.05, where any bounce would first be challenged. A break above this barrier would expose the 50-day EMA around $1.10, followed by the 100-day EMA at $1.18, while the 200-day EMA near $1.37 stands as a more distant cap within the broader downtrend. The pair remains vulnerable to further downside as long as it trades below these stacked resistances.

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

Ripple FAQs Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.

XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.

XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.

XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.

XRP remained in an unusually tight trading range for 16 hours following a sharp selloff and rebound, with neither buyers nor sellers gaining control according to recent market data. CoinCodex reported that XRP hovered near $1.03 as the asset oscillated between key technical levels, drawing attention from technical analysts focused on the current deadlock.

Analyst highlights key levels and technical standoffMarket analyst EGRAG CRYPTO identified the $1.05 resistance level as crucial for a potential breakout, while viewing $1.008 as critical support. The sustained lack of significant price movement, as seen in four consecutive 4-hour candles with minimal change, reflected a deadlock between competing market forces.

EGRAG CRYPTO emphasized that neither side has established dominance over the market during this period, and highlighted the importance of monitoring these levels for signs of renewed volatility. A move above $1.05 could confirm the return of bullish sentiment, while a drop below $1.008 might point to fresh selling pressure in the days ahead.

At around $1.03, based on CoinCodex data, XRP is sitting between two levels that could dictate its next major move. $1.05 is the key breakout and reclaim level, according to EGRAG, while $1.008 remains critical support. A decisive break above or below either level could quickly bring volatility back after hours of near-total inactivity.

Volatility compression points to looming breakoutThe current market pattern displays signs of volatility compression, commonly viewed as a precursor to a significant move. Technical analysts frequently interpret long periods of inactivity following swings in price as the market awaiting a catalyst. Should volume return in force, market participants watch for the break through either resistance or support to set the direction.

The $1 region remains in focus after XRP recently marked its lowest daily close of 2026, sparking renewed debate about potential recovery or continuation of the downturn. Some observers, however, suggest that reclaiming resistance may lay the groundwork for a larger upward wave if momentum builds above key levels.

Institutional interest continues to rise as the asset’s profile grows in tokenization and ETF markets. At the same time, products such as CryptoAppsy have made it easier for investors to monitor technical setups and respond instantly to market shifts. CryptoAppsy, which requires no account creation hassle, combines crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, users can instantly seize opportunities by setting up smart price alerts, filtering news specific to their coins, discovering newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.

Market awaits catalytic moveAs of now, the chart signals that XRP is locked between $1.008 support and $1.05 resistance, with traders preparing for a potential breakout. The last 16 hours have seen little price movement, but extended periods of compression are typically followed by substantial volatility once a break occurs.

The next decisive break could reveal whether XRP is preparing for another recovery attempt, or whether the recent selloff still has more room to run.

Market participants continue to monitor which side will take control, as the decision at these levels may determine XRP’s direction in the near term. The period of stasis may soon give way to increased trading activity, as both technicals and market sentiment align for a new move.

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.

Corporate treasuries handle extensive volumes of cash management each year, and for the first time, XRP can now be managed directly within the same systems these teams use daily. This development is set to significantly expand XRP’s role in enterprise finance operations.

XRPL integration through GTreasuryGTreasury, a well-established treasury management platform serving more than 1,000 corporate clients across 160 countries, has integrated Ripple Treasury into its system. In 2025, these clients processed $13 trillion in payments through the platform. Ripple has enhanced this infrastructure by introducing Digital Asset Accounts, empowering corporate treasury departments to hold, receive, and manage XRP directly alongside traditional fiat currencies.

This workflow allows companies to transfer cash into Ripple Treasury, move funds into Digital Asset Accounts, convert balances into XRP, and manage these assets within their existing platforms. These capabilities enable connection to cross-border settlements, liquidity management, and tokenized asset functions. As a result, XRP becomes part of basic treasury management, no longer existing as a separate or external product.

Mini dictionary: GTreasury – A global treasury management system providing software for cash and liquidity management, payments, and risk management for corporations worldwide.

GTreasury and Ripple Prime will reportedly bring significant XRP usage to the corporate and institutional sectors in the coming months, with XRP’s role extending far beyond payments alone.

Ripple Prime expands institutional adoptionRipple Prime, the prime brokerage division of Ripple, now serves over 300 institutional clients with more than $3 trillion in annual clearing volume. Institutions can acquire XRP over-the-counter, include it in their portfolios, and employ it for margin structures. The broader strategy positions XRP not only for payments, but also as a bridge for liquidity, FX conversion, and cross-border settlement, while eliminating the need for pre-funded nostro accounts.

The combined use of GTreasury and Ripple Prime streamlines the transaction flow: fiat currency converts to XRP, moves cross-border over the XRP Ledger, and is then converted back to the required local fiat. This system maximizes settlement efficiency and provides 24/7 asset availability for high-volume institutional clients.

Mini dictionary: Nostro account – A bank account held by one bank in another bank in a foreign country, typically used to facilitate foreign exchange and international transactions.

Market expectations and growth forecastMarket analysts highlight this evolving use of XRP within both corporate and institutional finance as a core reason for potential future growth. Ripple Treasury targets the corporate segment, while Ripple Prime focuses on institutional clients, both leveraging XRP as a settlement, liquidity, collateral, and reserve asset through the XRP Ledger.

According to projections shared by industry commentators, XRP adoption is expected to follow a multi-stage trajectory through 2030. Key milestones include the rollout of Digital Asset Accounts, full-scale integration within treasury platforms, and rapid expansion of cross-border payment use cases. The vision for XRP ultimately involves its positioning as a global liquidity reserve asset for multinational transactions.

Product/DivisionTarget ClientsAnnual VolumeKey FeaturesRipple Treasury via GTreasuryCorporate (1,000+ clients, 160 countries)$13 trillionDigital Asset Accounts, direct XRP managementRipple PrimeInstitutional (300+ clients)$3 trillion clearingOTC XRP access, bridge liquidity, FX conversion“XRP isn’t just a crypto asset. It’s the future of global finance.” This statement serves as the summary for Ripple’s expansion thesis, underscoring the anticipated transformation in asset handling and settlement processes.

X Finance Bull, an online commentator focusing on financial technology, claimed that this integration and increased real-world utility are not yet fully reflected in current market prices for XRP. The emphasis is on practical adoption and the sizable financial flows already enabled by the updated platform infrastructure.

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

XRP (CRYPTO: XRP) on SUnday posted its lowest weekly close in nearly two years, snapping the $1.04 support level that had held every week since November 2024.

What Happened To XRP’s Price Last Week?Analyst Alex Marzell flagged on X that the $1.04 support shelf held every single week since November 2024 before finally giving way last week. 

Price is already trying to climb back above it, making $1.04 the line that matters most right now. 

Losing it cleanly on a weekly basis opens a drop toward $0.75, where the next meaningful support sits on the weekly chart.

Meanwhile, Polymarket currently puts a 65% chance of XRP falling below $1.00 before month-end.

Why The Clarity Act Delay Matters For XRPThe Clarity Act also missed its Senate vote before recess, removing one of XRP’s key narrative catalysts. 

Senate Majority Leader John Thune (R-SD) filed cloture on the motion to proceed, with a vote now scheduled for September 15 when the Senate returns. 

However, Grayscale said in a note cited by The Moon Show on X that Clarity Act passage odds have fallen significantly, warning the US risks losing crypto investment and developers to other countries.

Is There A Bullish Case Building For XRP?Not every analyst is reading the chart bearishly. Ali Martinez laid out a five-part bull case on X over the weekend, built on two data points:

A monthly buy signal: XRP’s monthly chart just triggered a Tom DeMark Sequential buy signal — the same setup that preceded a 1,074% rally following an April 2020 signal. Whale accumulation: Santiment data cited in the thread shows whale wallets added more than 380 million XRP over the past week, a sign of conviction near current prices. Martinez points to $1.06 as the key resistance to flip, citing roughly 3 billion XRP that changed hands around that price on-chain. 

A monthly close above $1.06 would target $1.35 and potentially $1.64 after that.

XRP Price Prediction: Where Does It Go From Here?

XRP holds at $1.027 Monday, bouncing at the broken triangle’s apex with no volume conviction behind the move. 

The Parabolic SAR at $1.11 and all four EMAs stack overhead as resistance with nothing meaningful below except the $1 psychological floor.

Hold $1 and a relief bounce toward $1.06 becomes possible. Break it and the measured move to $0.85 becomes the active target.

Image: Shutterstock

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In brief XRP continues to underperform the rest of the crypto market. The price of XRP is still stuck in a formation traders call a death cross, a classic bearish indicator. Besides the macro headwinds, for the Ripple-linked token, it may just come down to a lack of Clarity. It was a quiet, red-tinged day across crypto, and XRP spent it near the bottom of the pile.

While the market as a whole has been in a flat, choppy state for the last several weeks, it’s XRP—the cryptocurrency created by the founders of payments company Ripple—that continues to underperform: rising less when others are gaining, and falling harder when others drop.

The reason could be the market current lack of clarity—or, rather, the delay of the long-awaited Digital Assets Market Clarity Act.

The Clarity Act, which if passed would create the first formal legal framework for crypto assets in the United States, matters more for XRP than it does more established cryptocurrencies like Bitcoin and Ethereum. The legislation would formally classify XRP as a digital commodity, stripping the regulatory ambiguity that has weighed on institutional demand for years. Traders price that in faster than lawmakers move.

The Senate was unable to vote on the bill before the August recess, dashing what little hope remained that the legislation would be passed this year. However, Majority Leader John Thune did file cloture on the bill late last week, before lawmakers headed out, locking in a procedural vote for September 15.

The bill still needs 60 votes to clear the filibuster, and with Democrats holding out, analysts call its 2026 odds a long shot. That's a different picture from late July, when reports that President Donald Trump would accept the bill's stalled ethics provision sent Polymarket odds of passage from 32% to 43% and sparked a broad rally.

The numbers in the crypto charts today show the cool-down. In the top 10 by market cap, XRP was the worst seven-day performer at -4.96%, while Solana gained 3.64% and Bitcoin rose 1.17% over the same stretch. XRP also slipped 1.24% on the day, against a market that was mostly flat. The token is acting like the Clarity trade is being unwound.

XRP price: What the charts say

XRP is trading at $1.0282, at around a $64 billion market cap, down 0.17% on the day and the weakest of the top 10 over the past week, pinned just above the $1.0128 swing low in a market that still carries a death cross—a bearish signal that traders pay close attention to.

XRP price data. Image: TradingviewThe trajectory is the story. On the daily chart, XRP has logged lower highs and lower lows for weeks, bleeding from the late-June area near $1.3, down to where it sits now.

The July 21 Clarity pop that briefly tagged $1.15 failed and rolled straight back over. That bounce now looks exactly like what bull traps are supposed to look like, not a trend change. Price isn't building a base; it's drifting just above the $1.0128 floor, and a market this trendless can compress longer than most traders expect.

The average price of the last 50 days (EMA50) still sits below the 200-day average (EMA200), in the formation traders call a death cross. Exponential moving averages smooth out average price over a set period; when the shorter-term average trades under the longer-term one, it tells you the medium-term trajectory remains down.

Bulls need a daily close back above the EMA cloud to change that reading structurally, and they don't have it. To achieve this, XRP would need to spike at least more than 8%.

The Relative Strength Index, or RSI, reads 38.2. RSI is a momentum gauge on a 0–100 scale: above 70 is overbought, below 30 is oversold. At 38.2, XRP is below the neutral 50 line and leaning bearish, but not yet in the oversold zone that tends to attract bargain hunters.

The Squeeze Momentum Indicator is off, which means there is still some structure in the bearish trend. With the squeeze inactive and momentum negative, there's no volatility coil loading to fire XRP upward. That's not the signature of a squeeze about to fire upward.

The Average Directional Index, or ADX, sits at 14.6. ADX measures trend strength regardless of direction; readings under 20 mark a directionless, choppy tape where false breakouts and stop hunts are common. At 14.6 the trend has no real conviction behind it—though the directional indicators tilt bearish (DI- sits above DI+), which lines up with the death cross rather than fighting it.

The bull case: a daily close back above the Fibonacci resistance at $1.0486 is the first proof buyers are showing up, opening a run at the EMA cloud and then the golden zone at $1.0887–$1.1066. That requires the Clarity Act story to reaccelerate, not just linger.

The bear case: XRP loses the $1.0128 swing low and the round $1.00 figure gives way, which opens a measured move toward the lower-$0.90s. The death cross and the negative Squeeze momentum both point the same way. For now, the path of least resistance does not appear to be up.

The bull case exists, but it's thin. XRP is a Clarity Act proxy trading like the bill's odds just fell to 21%, and the chart underneath agrees.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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The stablecoin market saw two major treasury actions this week, marking a clear divide in the strategies and scale of leading digital dollar issuers. Ripple minted $10 million in RLUSD stablecoins directly onto the XRP Ledger, while nearly simultaneously, Tether issued $1 billion in USDT on the Tron blockchain. With this move, Tether’s treasury inventory on Tron reached $91 billion.

Diverging stablecoin strategiesWhile both transactions reflect active treasury management, the stark difference in volume highlights the fundamentally different approaches taken by Ripple and Tether. Tether, the world’s largest stablecoin issuer, focuses on the mass retail segment and crypto trading, where instant access to sizable liquidity plays a crucial role for traders and exchanges worldwide.

In contrast, Ripple has chosen not to vie for market supremacy in retail stablecoins. RLUSD, Ripple’s stablecoin, currently holds a market capitalization of $1.52 billion, about 20% below its peak in May. Rather than broad issuance, Ripple targets B2B clients, offering RLUSD on a selective basis for commercial companies through its Ripple Mint platform.

Mini dictionary: Ripple Mint, Ripple’s enterprise-grade stablecoin issuance platform, is designed to allow institutions to mint, manage, and redeem RLUSD for specialized cross-border and B2B payment flows within regulatory guidelines.

IssuerStablecoinAmount IssuedPlatformTotal Treasury (Tron)RippleRLUSD$10 millionXRP LedgerN/ATetherUSDT$1 billionTron$91 billionWhale activity intensifies around $1 XRP levelRipple’s latest $10 million RLUSD mint coincided with a surge in large-investor, or “whale,” transactions on the XRP spot market. While the company manages RLUSD issuance under the oversight of the New York State Department of Financial Services (NYDFS), on-chain trackers observed that major holders accumulated more than 380 million XRP in the past week.

The activity centered around the $1 mark, which holds psychological significance for XRP traders and investors. Large market participants are actively defending this price as a key support level, seeking to prevent further declines in XRP’s price.

Market observers note a substantial build-up in whale positions around the $1 threshold, signaling coordinated efforts to maintain support for XRP as the stablecoin ecosystem grows more competitive.

Ripple continues to focus its RLUSD issuance on strategic B2B partnerships, experimenting with use cases centered on high-value corporate payments and cross-border flows. Meanwhile, Tether remains the dominant player in retail settlements, maintaining deep pools of liquidity across multiple blockchains.

Stablecoin market outlookAs summer market activity lingers in a consolidation phase, large investors are positioning for potential volatility by increasing their exposure to XRP and related stablecoins. Ripple’s technical upgrades and ongoing RLUSD trials within its niche market signal a continued push into the B2B payments sector.

According to market analysts, the split between mass-market and business-focused stablecoin strategies is expected to widen in the coming quarters, as regulatory scrutiny and user demand drive further product differentiation.

Ripple, founded in 2012, is a San Francisco-based technology company specializing in global payments and blockchain-based financial solutions. Tether, established in 2014, operates the world’s largest stablecoin by market capitalization and serves as a primary liquidity vehicle for digital asset trading worldwide.

Recent developments underscore the evolving landscape of stablecoin issuance. While Tether expands its reach among traders and retail users, Ripple is refining RLUSD for targeted business transactions, solidifying its niche in the market.

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.

Crypto investor and X user Cup has outlined ambitious price targets for major digital assets, predicting that the next six to 12 months could bring substantial returns across the cryptocurrency market. Cup expects Bitcoin to rally toward $200,000, while also forecasting strong gains for Ethereum, Solana, XRP, SUI, and a range of other altcoins.

High price targets for leading cryptocurrenciesIn a recent X post, Cup described the coming period as potentially “life-changing” for crypto investors. He projected Bitcoin would climb to $200,000, representing a sharp move from its current levels. Cup also set a $10,000 target for Ethereum, suggesting that ETH could break into new territory.

Cup’s forecasts extended to several top altcoins. He named $1,000 as a medium-term target for Solana, $5 for XRP, and $4.50 for SUI. He concluded the post by encouraging market participants to practice patience, anticipating a major round of expansion among altcoins.

In a visual chart accompanying his post, Cup compared Bitcoin’s market structure between 2024 and 2025 with an outlook for 2026 and 2027, projecting phases of accumulation, a pre-bull run, and a subsequent critical rally. The chart placed Bitcoin at $126,000 during an earlier cycle, while predicting that the next large upward move could bring the asset as high as $265,000.

AssetCurrent Price Level*Projected TargetBitcoin (BTC)$66,000$200,000Ethereum (ETH)$3,500$10,000Solana (SOL)$150$1,000XRP$0.50$5SUI$0.80$4.50Mini dictionary: Cup is a pseudonymous crypto investor and market commentator active on X, sharing analysis and forecasts for major digital assets.

The next 6–12 months will be life-changing. Bitcoin is going to $200,000. ETH will break $10,000. SOL will reach $1,000. XRP will hit $5. SUI will hit $4.50. Altcoins will explode. Patience.

Mixed reactions among market participantsCup’s optimistic targets have sparked an active debate among users in the crypto community. Some investors expressed strong support for the vision described in the post, while others raised concerns about the likelihood of such aggressive gains materializing within the given timeframe.

Derek M, commenting under Cup’s post, noted that he has been holding Bitcoin since 2017 and considered the projections reasonable, expressing confidence in the outlook. In contrast, another market participant argued that the crypto market often moves counter to consensus views, casting doubt on the suggested timeline.

Nick veeBee challenged both the timeframe and targets, stating that he does not expect Bitcoin to reach $200,000 within a year, and added that even by the peak of 2029, the milestone might remain out of reach. Other reactions included Quacks Lady’s enthusiasm for a potential bull market and JoHan’s suggestion that SUI could exceed Cup’s price projection in the long term.

Some commenters questioned whether the proposed gains for Bitcoin and other major cryptocurrencies could be reached in the next 6–12 months, while others saw the targets as attainable and looked forward to a new market cycle.

Additionally, Steve Schroer took a critical approach by asking if Cup would commit to making a Bitcoin donation to charity should the projections prove inaccurate.

Patience and the path forward for altcoinsCup’s post did not provide a technical breakdown or detailed analysis behind each price target but emphasized market cycles and broad expectations for the digital asset sector. The message was clear: with patience, major gains in Bitcoin, Ethereum, Solana, XRP, SUI, and other leading altcoins could be within reach in the next six to 12 months.

Cup’s high-profile predictions have amplified conversation around the future of the cryptocurrency market, as traders weigh optimism against caution in anticipation of what could be a transformative period for digital assets.

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

The 65% XRP Price Warning on Polymarket Now Has the Charts Agreeing

XRP is currently positioned at a pivotal level as liquidity heatmaps highlight significant imbalances surrounding its recent price action. Technical analysts have identified a large concentration of resting sell orders just below the $1.00–$1.03 zone, indicating a densely packed red liquidity band that could draw the market lower in the near term.

Key liquidity levels and technical outlookAfter months of gradual decline, XRP now trades within the $1.03–$1.04 range. Recent chart patterns reflect the thinning of buy-side liquidity, while sell-side orders have grown more prominent underneath current valuations. This configuration of orders often leads to “liquidity sweeps,” where the price dips into these dense areas, triggering stop-losses and potentially flushing out leveraged traders before a reversal can take shape.

Although liquidity heatmaps are not conclusive predictors of market direction, they provide a clear picture of where clustered stop orders and liquidations sit. At present, the largest block of such orders lies beneath the spot price.

Some analysts believe that XRP may need to fall another 10–15% to decisively clear this zone, possibly bringing prices into the high $0.80s or low $0.90s before sellers lose momentum.

Once these lower liquidity clusters are unwound, heatmaps typically show increased liquidity at higher levels, sometimes paving the way for a stronger recovery as the order book structure shifts to favor buyers.

An alternative outcome would see a swift price rebound from current levels, leaving the dense sell-side liquidity untouched. However, this scenario requires aggressive buyer participation to absorb the remaining supply and would be considered a more bullish setup.

Broader environment and market signalsXRP has stayed in a constricted range for weeks, as the cryptocurrency market contends with a mix of regulatory uncertainty and shifting sentiment driven by security discussions. The price’s proximity to the middle-tier Bollinger Band further underscores the market’s indecision, with technical levels marking a decision point for momentum traders.

According to the SuperTrend indicator, XRP has flashed a bullish signal for the past 12 hours. Despite this, the mood remains cautious, with the current price well below year-to-date highs of around $1.40. The $1.00 threshold has become both a psychological and technical focal point, as traders await confirmation of the next major move.

The market awaits a clear resolution, with some speculators watching for a potential stop-hunt lower, while others hope for a decisive defense at present levels. Whichever direction unfolds, it is likely to set the tone for trading during the remainder of August.

With volatility cycles dominating the crypto market, investors increasingly seek platforms that offer speed, flexibility, and access to diverse assets. Reflecting these trends, 1stepSwap delivers a solution by enabling users to access shares of major U.S. companies and commodities such as gold and silver directly through their crypto wallets. The platform distinguishes itself by moving real-world assets onto the blockchain and automatically securing the most advantageous market rate for each transaction, streamlining the process and supporting quick portfolio diversification.

Technical chart watchers consider the current zone a defining moment for XRP, as mapped-out liquidity levels leave only the market’s next move in question.

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.

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Canary Capital’s XRP exchange traded fund ended the first half of 2026 with $81.6 million fewer net assets even after positive capital share activity added $82.4 million. 

Summary

Canary XRP ETF ended June with $241.2 million, down $81.6 million from December despite creations. Net capital share transactions added $82.4 million, while operations reduced assets by $164.0 million overall. Unrealized XRP depreciation accounted for $159.7 million of the fund’s operational decline during 2026 midyear. XRP holdings climbed 31.7% to 231.3 million tokens, even as their dollar value declined sharply. XRPC posted a 42.84% NAV loss during 2026’s first six months, according to Canary data. An Aug. 7 SEC filing shows that falling XRP valuations more than offset the increase in shares during the six months through June 30.

The unaudited Form 10 Q puts XRPC’s net assets at $241.17 million on June 30, down from $322.82 million at the end of 2025. Meanwhile, outstanding shares increased from 16.49 million to 21.77 million as the fund created 5.65 million shares and redeemed 370,000. XRP itself fell 43.27% from $1.84 to $1.04 over the same period.

Investors poured $82 million into Canary’s XRP ETF, but falling prices erased double what they put in

One large allocation or the start of a broader bid? pic.twitter.com/z2cGvbw7hs

— Xora Finance (@xora_finance) August 10, 2026 Canary XRP ETF added shares while XRP erased value The accounting behind the decline shows two forces moving in opposite directions. XRPC recorded $88.26 million from shares sold and $5.90 million from shares redeemed. The resulting $82.36 million increase from capital share transactions was outweighed by a $164 million decrease in net assets from operations.

Most of that operational decline came from XRP rather than fees. The fund recorded $159.70 million in unrealized depreciation, $3.59 million in realized investment losses and $716,898 in sponsor fees during the six month period. Unrealized depreciation was therefore almost twice the value added through net capital share transactions.

The contrast follows an initially strong reception for the fund. As crypto.news reported in its launch day coverage, XRPC generated about $58 million in trading volume when it debuted on Nasdaq in November 2025, making it one of that year’s largest new ETF launches by first day volume.

The $82 million figure is not simply investor cash inflow The $82.36 million increase should not be treated as $82.36 million of retail investors depositing cash into XRPC. Canary’s SEC prospectus allows authorized participants to create and redeem baskets using either cash or XRP. Investors trading XRPC shares on Nasdaq do not directly create or redeem shares with the trust.

The latest filing shows the distinction clearly. XRPC purchased 34.13 million XRP valued at $52.20 million during the first half, while another 25.93 million XRP valued at $36.05 million entered the trust through in kind share creations. The fund also sold 3.93 million XRP worth $5.90 million to meet redemptions and reported no XRP distributed in kind for redemptions.

Accordingly, the filing supports describing the $82.36 million as net capital share activity rather than a direct measure of investor cash inflows. It does show that creation activity exceeded redemptions during the period.

XRPC held 31.7% more XRP but the position was worth less XRPC’s XRP holdings increased from 175.63 million tokens at the beginning of 2026 to 231.28 million on June 30, a rise of about 31.7%. Yet the fair value of the XRP position fell from $322.97 million to $241.28 million because the underlying asset declined sharply.

That disconnect has also appeared across the wider U.S. XRP ETF market. In related ETF flow coverage, crypto.news reported in July that cumulative inflows across spot XRP funds remained well above their combined net assets as falling token prices reduced portfolio values.

The price weakness does not mean creations stopped altogether. More recent fund flow reporting showed XRP ETFs recording fresh net inflows on July 29 after a four day pause, while XRP remained near the $1.10 area.

XRPC assets slipped further after the June quarter Canary’s latest published fund data shows XRPC remained below its June level after the reporting period. Net assets stood at $237.38 million on Aug. 7, with both NAV and market price at $10.85. Shares outstanding had increased to 21.87 million from 21.77 million at June 30.

The same data puts XRPC’s NAV return at negative 43.93% for 2026 through Aug. 7, compared with negative 42.84% through June 30. Its market price return was negative 44.22% year to date. Those figures show that the valuation pressure documented in the SEC report had not fully reversed by early August.

For XRPC, the next financial filing will provide another formal snapshot of whether continued share creation can offset movements in XRP’s price. The first half results already make the current dynamic clear: the trust accumulated substantially more XRP, but the falling value of each token left the fund with fewer dollars in net assets.

The firm said whale accumulation near realized prices aligns with the late stage of a bear market.

Large Bitcoin, Ether, and XRP holders continued accumulating during recent market weakness, analytics firm CryptoQuant said.

The firm’s weekly report, Buying the Bear: A Signal of the Bear Market’s Final Stage, examined the recent accumulation by the largest wallets. It said the steady buying reflects behavior often seen during the closing phase of a bear market.

Whales Accumulate Bitcoin, Ethereum, and XRP For Bitcoin, wallets linked to major holders, excluding exchanges and miners, expanded their combined balance to about 3.06 million BTC this year. Buying accelerated after Bitcoin fell below $60,000 in June, though holdings remain below the 2025 cycle peak.

Ethereum showed an even stronger accumulation trend among its largest holders. Wallets holding between 10,000 and 100,000 ETH reached a record of 19.6 million ETH. Addresses with more than 100,000 ETH have added about 1.8 million ETH since mid-2025, lifting their holdings by roughly 70%.

The accumulation trend contrasted with activity among smaller Ethereum holders. CryptoQuant noted that wallets outside the largest groups reduced their combined balance by about 2.7 million ETH since January, showing a growing divide between large and smaller holders.

A similar shift was also visible in XRP, where large holders continued increasing their positions despite fears and liquidations.

Realized Prices Point to Late Bear Market Conditions The recent accumulation comes as all three assets trade near key realized price levels. Realized price is widely used to assess market cycles because it estimates the average acquisition cost of holders.

You may also like: Wall Street Tightens Grip on Crypto as Institutions Now Drive 72% of Spot Flow: Report Ripple (XRP) ETFs Record Another Green Week but Fresh Concerns Surface We Asked ChatGPT: Is XRP Doomed to Fall Below $1 After the CLARITY Act Delay? Bitcoin was trading around $65,000 compared with a realized price of roughly $52,900, while Ether changed hands near $1,920 against a realized price of about $2,450. XRP traded near $1.04 with a realized price of approximately $0.75, levels the firm described as consistent with late-stage bear market conditions.

According to CryptoQuant, the combination of whale accumulation and prices trading near realized values is consistent with the closing phase of a bear market. The firm added that further downside remains possible before a market bottom is confirmed.

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