Crowd sentiment toward Ethereum (ETH) and XRP (XRP) has turned negative as October begins, according to Santiment. Bearish comments now outnumber bullish ones for both altcoins across major social platforms.
The souring mood greets a month that traders often nickname Uptober. Prices have barely moved, with ETH at $2,715.50 and XRP at $1.51, both slightly up on the day.
Ethereum and XRP Bearish Chatter Drowns Out the BullsSantiment tracked the ratio of bullish to bearish commentary across X, Telegram, Reddit and other platforms. A reading below 1.0 means negative posts make up the majority.
ETH’s ratio fell to 0.89, its lowest reading since June 7. XRP dropped further, to 0.67, its weakest level since August 17.
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Ethereum, XRP, and Bitcoin Positive-To-Negative Sentiment Ratio on Social Media. Source: X/SantimentBitcoin (BTC) sentiment, by contrast, sits at 1.37 on the chart, so the pessimism centers on the two altcoins. Alternative.me‘s broader Crypto Fear & Greed Index reads 72, in Greed territory, up from 63 a month ago. Santiment sees a possible contrarian signal in the drop.
“Heavy pessimism can create a useful contrarian setup. When traders become convinced prices are heading lower, much of the panic selling may already have happened,” it said.
Santiment added that the low readings do not guarantee an immediate bounce for either token.
Fund Flows and Network Data Pull in Two DirectionsSocial chatter is only one gauge, and on-chain and fund data paint a more mixed picture for both tokens. On the Ethereum network, activity has picked up, according to analyst CryptoOnchain.
Mean base fees jumped 193% week over week. Meanwhile, the staking rate climbed from 35.53% to 35.92% in 14 days.
However, the Coinbase Premium Index has printed negative in each of the last 14 sessions. CryptoOnchain read that as a sign that US institutional buyers are not driving the move.
US spot exchange-traded fund (ETF) data matches that read. SoSoValue data shows Ethereum ETFs logged three straight days of net outflows through October 1, totaling about $117.8 million.
The streak followed 7 consecutive inflow sessions worth roughly $850.7 million.
Ethereum ETF Flows. Source: SoSoValueXRP funds have held up better. Spot XRP ETFs have not recorded an outflow since September 18 and added $4.07 million on October 1. Still, two of the last four sessions saw zero net flows.
XRP enters October off a milestone quarter. July, August and September each closed positive for the first time, lifting XRP more than 43%.
Seasonality offers little support for extending that run, a point BeInCrypto’s October outlook also raised. CryptoRank data shows the token closed October lower in 8 of 13 years, including 2024 and 2025.
For ETH, CryptoOnchain named a positive Coinbase premium as the clearest sign that US buyers are returning. XRP’s key catalysts arrive later in the month. Ripple’s Swell conference and the Federal Reserve’s October 27 to 28 meeting both land in October’s final week.
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XRP has started off October on a strong note as its ETFs have recorded a decent influx of fresh capital on October 1, after their performances fell flat at the close of the last month.
While momentum appears to be building again in the XRP ecosystem, latest data from SosoValue shows that XRP saw a fresh influx of capital while Ethereum only saw investors withdraw their funds as the new month began.
XRP flips Ethereum According to the data, XRP ETFs attracted about $4.07 million in net inflow during their daily trading session on October 1, while Ethereum ETFs posted a net outflow of $55.37 million on the same day.
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As such, the data shows a major divergence between the performances of both assets, revealing that XRP ETFs outperformed Ethereum ETFs by about $59.44 million in daily flows at the start of the new month.
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While XRP ETFs also recorded $25.87 million in total trading volume on the same day, it signals renewed interest in the asset after their performance slowed in the past week, drawing attention from market analysts.
Franklin takes dominance from Bitwise Although XRP performed better than Ethereum during their latest trading session, the amount of capital pulled in by XRP funds was pretty low.
While Bitwise and Franklin Templeton attracted about $3.18 million and $4.06 million in new capital respectively, the inflows were partly offset by a $3.18 million outflow from Canary's XRP ETF.
Ethereum, on the other hand, was significantly subdued as it saw investors pull a higher amount of capital from its spot ETFs as October began.
Notably, the asset recorded a $55.37 million net outflow, pushing its cumulative net inflows to $13.84 billion.
XRP (CRYPTO: XRP) whales are showing little appetite to either buy or sell aggressively, even as leveraged traders unwind positions and the crypto holds most of its recent gains.
Crypto chart analyst Ali Martinez on Thursday noted that XRP whale holdings have remained largely unchanged over the past week at around 3.90 billion XRP, pointing to a lack of significant accumulation or distribution among large holders.
XRP Whales Stay On The SidelinesWhile whale balances remain steady, derivatives positioning has cooled considerably.
Binance XRP open interest fell to $521.5 million this week, down 15.3% from its six-month high of $616.1 million on Sep. 22, CryptoQuant data noted on Thursday.
XRP trades around 5% below its six-month high of $1.572, indicating leverage has fallen considerably faster than the underlying price.
Leveraged Longs Get FlushedCryptoQuant points to technical data which shows traders may have reduced leveraged long exposure heading into quarter-end rather than aggressively selling spot XRP.
Long liquidations on Binance averaged $3.72 million per day from Sept. 24 through Sept. 29, about 2.6 times the six-month daily average of $1.43 million. Funding rates fell from 0.010 to 0.005 Estimated leverage ratio declined from 0.230 to 0.197, however continuing to remain above its six-month average of 0.169. XRP’s Positioning ResetsBinance XRP reserves averaged 2.68 billion XRP over the past seven days, 2.4% above their 90-day baseline, while network transactions averaged 1.96 million, up 23% week over week.
With whale holdings steady and leverage declining faster than price, XRP appears to be undergoing a positioning reset rather than showing a decisive directional signal.
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Token issuers utilizing the XRP Ledger (XRPL) could soon gain a new tool for managing compliance tasks, as the upcoming PermissionDelegationV1_1 amendment advances toward approval by the network’s validators.
Delegated controls for issuersJake Claver, a recognized investor and Web3 expert, described how PermissionDelegationV1_1 will allow issuers to assign specific permissions to delegated accounts, while maintaining tight control over their primary account keys. This advancement is expected to streamline compliance operations for companies issuing tokens on XRPL.
Currently, token issuers must use a single account to oversee all critical functions, such as managing trust lines, freezing holders, minting new tokens, and burning supply. Employees with regular key access can perform nearly any action, creating significant operational risk if wide-reaching permissions are mistakenly granted or abused.
Although multi-signature solutions offer one way to increase security, Claver noted that these processes can slow down day-to-day compliance activities due to the need for multiple approvals on routine transactions.
Token issuers on the XRP Ledger can soon let their compliance teams freeze flagged holders without exposing the issuer’s keys. With 29 of 35 validators in support, October 8 is the earliest date for possible activation, but the loss of one supporting vote could delay the process.
The new approach, PermissionDelegationV1_1, is designed to address these limitations by allowing issuers to delegate up to 10 specific permissions to another account using a process called DelegateSet. The delegate then uses its own keys to perform only the actions it has been authorized for, improving separation of duties and reducing risk.
Mini dictionary: XRP Ledger (XRPL), created by Ripple, is a decentralized blockchain designed for fast and efficient transfers of digital assets, supporting both cryptocurrency and tokenized assets.
Granular permission assignmentUnder PermissionDelegationV1_1, issuers can grant specific trust line, freezing, minting, and burning permissions to compliance or treasury account delegates. For instance, a compliance team could receive authority to freeze flagged accounts, while treasury staff could be assigned PaymentMint permission. Claver specified that PaymentBurn requires the fixCleanup3_4_0 update to function. Additional permissions include Multi-Purpose Token lock/unlock as well as control over certain account fields such as domain, email hash, message key, transfer rate, and tick size.
A major benefit is the ability for issuers to quickly revoke permissions from employees or departments without rotating their core keys, simply by submitting a new DelegateSet transaction. This reduces the operational risks associated with employee transitions.
If a delegated employee leaves the company, their privileges can be removed immediately. The delegate cannot move XRP out of the issuer’s wallet or change the issuer’s account keys, maintaining a clear distinction of authority.
Security testing and update processDuring development, community feedback identified a security flaw in the original PermissionDelegation version. On September 15, 2025, a developer found that permissions checks occurred before signature verification, which could allow an unauthorized actor to submit invalid transactions, incurring a high fee for the issuer even though the action would fail.
Validators responded by rejecting that proposal. In the revised implementation, if an account lacks permissions, it returns a terNO_DELEGATE_PERMISSION error and no fee is charged for the failed transaction. Claver also noted that BatchV1_1 required a similar revision, and an emergency upgrade to version 3.4.1 applied another update, fixBatchV1_2.
The revision ensures transactions without appropriate permissions will not result in unnecessary fees, addressing a critical security concern raised during community testing.
Timeline and adoption requirementsActivation of PermissionDelegationV1_1 requires support from more than 80% of XRPL validators for two consecutive weeks. With 35 validators on the network, at least 29 must vote in favor. As of Claver’s latest update, exactly 29 validators had approved, meaning a single vote reversal could delay activation beyond the earliest target date of October 8.
Claver encouraged issuers to assess their compliance responsibilities in advance and prepare to assign appropriate permissions to delegate accounts. The amendment’s arrival coincides with increased tokenization activity, as around $1.1 billion in RLUSD and approximately $4.1 billion in tokenized real-world assets are now issued or tracked via XRP Ledger, based on data reported in late September.
MetricValueDateRLUSD issued$1.1 billionSeptember 28, 2026Tokenized real-world assets$4.1 billionSeptember 28, 2026Validator votes for PermissionDelegationV1_129 out of 35September 30, 2026Earliest activation dateOctober 8, 2026–Claver highlighted that mapping out responsibilities and considering which tasks can be delegated will be crucial, especially with growing institutional use of the technology.
TLDR ScamDaddy rejects claims that XRP could record a 300% daily candle. XRP previously gained 173.71% in one 24-hour period during April 2017. A 300% rise from $1.49 would send XRP to about $5.96. XRP would need to gain more than 67,000% to reach $1,000. A $1,000 XRP price would imply a market value near $63 trillion. ScamDaddy has rejected two bullish XRP forecasts circulating on X, including a 300% daily candle and a $1,000 price this year. His response focuses attention on the size of the moves required compared with XRP’s historical trading record. Recent price action remains far smaller.
XRP 300% Daily Candle Claim Draws Pushback XRP community member Seer raised the possibility of a sudden 300% daily move, pointing to April 2017. ScamDaddy rejected that scenario, stating that XRP would never record a 300% daily candle. The exchange followed renewed debate over whether large crypto rallies can repeat at higher valuations.
Quant’s recent surge helped fuel that discussion. QNT rose from about $65 to above $350 within roughly one week, but its strongest reported daily gains ranged from about 87% to 145%. Recent XRP market coverage also showed XRP holding near $1.50 while traders watched the $1.53 to $1.60 resistance area.
Historical XRP Data Shows the Scale XRP has recorded triple-digit daily gains before. CoinMarketCap data for April 2, 2017, showed a 173.71% 24-hour increase near $0.061. Another dataset placed the open-to-close gain close to 200%. Neither reading shows a 300% daily increase.
At a price near $1.49, a 300% gain would lift XRP to about $5.96 in one day. With roughly 63.09 billion tokens circulating, that price would produce a market value near $376 billion if supply stayed unchanged. XRP Ledger activity has also grown, with x402 payments recently passing 10 million.
$1,000 XRP Forecast Faces Similar Math ScamDaddy also challenged a separate $1,000 XRP forecast. Aussie XRP said the token would reach that level this year while quoting Zach Rector. Rector’s original comments took a different position, saying he expected a strong fourth quarter but did not expect XRP to reach $1,000 by year-end.
The $1,000 XRP forecast has appeared elsewhere in recent market discussion. From about $1.49, XRP would need to gain more than 67,000% to reach that price. At the current circulating supply, a $1,000 price would place XRP’s market value near $63 trillion.
Neither forecast included a defined technical setup showing how XRP could reach those levels. Historical data confirms that XRP has produced unusually large moves, especially when its price and market value were much lower. Current valuation makes the required dollar increase far larger than during its early trading years.
XRP has attracted renewed attention after the analyst Dark Defender outlined an ambitious technical outlook, emphasizing that a daily close above $1.5692 could unlock further price expansion toward $2.90 and $4.11. The analyst described this level as the gateway for an upward move that, if maintained, may allow momentum to build rapidly into higher resistance clusters.
Focus on key price levelsDark Defender first presented this price structure on August 3, 2024, projecting a Wave 1 top at $3.3939. That milestone was reached, which forms the basis of the current argument: with the first impulse complete, the technical structure now aligns for a larger Wave 3 phase.
The overarching target for this third wave stands noticeably higher at $36. In the context of Elliott Wave analysis, third waves are often the largest moves in an impulse sequence, so long-term followers view this $36 level as a cycle objective rather than an immediate forecast.
Dark Defender highlighted that trading volume now resembles the pattern seen prior to Wave 1’s rise. In addition, the analyst noted ongoing anticipation regarding a forthcoming Nasdaq-related event that could factor into broader market sentiment.
A daily close above $1.5692 sets the stage for rapid expansion. Without achieving this level, the upside scenario remains purely theoretical; $2.90, $4.11, and $36 outline the pathway only if market momentum confirms the move.
Currently, the most important near-term marker remains a sustained daily close above $1.5692, with $2.90 and $4.11 as the subsequent waypoints should bullish momentum hold.
Market context and skepticismSkepticism among traders is considered reasonable, given that any move to $36 would represent a significant repricing for $XRP and not just a routine chart pattern. While some traders express enthusiasm following the analyst’s prior track record—having accurately predicted the Wave 1 target—many emphasize the need for market confirmation before assigning weight to the longer-range objectives.
XRP remains positioned between the conclusion of its initial impulse and the potential emergence of a third wave expansion. This transition keeps the focus on short-term confirmations, rather than distant cycle targets at this stage.
Analysts stress that the market, not projections, will ultimately determine whether these targets are reached. Until a daily close above $1.5692 unfolds, higher milestones remain speculative.
In addition to technical triggers, monitoring evolving trading activity remains critical, especially in fast-moving sectors. In the meme token market, for example, an internet trend can transform into millions of dollars of volume within days. Fomo App reported a trade involving “Niu Lai” that converted an initial $99 into nearly $370,000, capturing the swift pace of this sector. Fomo App integrates token discovery and trading while featuring social feeds, investor rankings, and instant trade alerts, placing a spotlight on the importance of timing, token selection, and following investor moves during volatile periods.
Ultimately, attention returns to the $1.57 mark as the current critical level for XRP. Achieving this daily close remains the first confirmation that may open the door to higher technical targets.
On both Binance and Coinbase, XRP transfers involving more than 1 million tokens now make up the largest share of daily outflow value.
This shows that large XRP holders account for a growing part of the withdrawals from two of the market’s major exchanges, according to data provided by the CryptoQuant XRP Exchange Daily Outflow by Value Bands indicator.
For context, the metric measures the share of outflow value based on transfer size. It is important to note that it does not show the total amount of XRP leaving an exchange.
As a result, total withdrawals can remain steady while the share of large transfers rises. In this case, the data would still show that larger participants account for more of the outflow activity.
Big XRP Transfers Climb Back Toward 60% on Binance On Binance, transfers above 1 million XRP made up 60.8% of daily outflow value on Sept. 30, as the figure rose from roughly 45% on Aug. 13.
Notably, the 60% range was last witnessed around late August, confirming that large transfers have regained a major share of Binance’s XRP outflows.
XRP Transfers on Binance | Source: CryptoQuant However, the 100K-1M XRP category moved in the opposite direction. Specifically, this value band accounted for about 30% of Binance’s outflow value on Sept. 6, but that share fell to 23.4% by Sept. 30.
Essentially, as the share of transfers above 1 million XRP increased, the mid-sized transfer group lost part of its share.
Coinbase Sees Bigger Reversal Interestingly, Coinbase recorded an even bigger change. Transfers above 1 million XRP accounted for 48.7% of daily outflow value from the exchange on Sept. 30, compared with roughly 37% on Aug. 27.
The latest figure stood nearly 19 percentage points above the 30% recorded on July 6. This data show that large transfers have taken a much bigger share of XRP withdrawals from Coinbase over the two-month period.
XRP Transfers on Coinbase | Source: CryptoQuant For context, the 100K-1M XRP category accounted for about 67% of Coinbase’s outflow value on Sept. 19. By the end of September, its share had dropped to 37%. In less than two weeks, the balance of withdrawal activity changed dramatically toward transfers involving more than 1 million XRP.
The Trend Moves Into October This trend is noteworthy because the same pattern appeared on two major exchanges at the same time. Essentially, the data confirms a broader change in the size of XRP transfers leaving major platforms, not a trend limited to one exchange.
The pattern continued into the first days of October. On Oct. 1, large holders withdrew approximately 301 million XRP from Binance, Coinbase, Bybit, and Bitget combined, according to a recent report from The Crypto Basic. Binance recorded roughly 151 million XRP in outflows, while Coinbase accounted for around 32 million XRP.
The following day, daily transfers above 1 million XRP across exchanges climbed past 320 million XRP. This marked one of the largest single-day spikes in the recent data. Binance also saw its XRP reserves fall by approximately 57 million tokens over three days, leaving the exchange with roughly 2.647 billion XRP.
XRP ended the third quarter of 2026 up 48%, reaching its highest performance in four years. Cumulative inflows into spot XRP exchange-traded funds (ETFs) in the US have surpassed $1.79 billion, contributing to a renewed focus on the cryptocurrency. The Ripple Swell conference, an annual event seen as a key driver for the network, is set to take place in the final week of October.
AI-generated price scenarios for XRP’s futureIn response to heightened market interest, the natural language AI tool ChatGPT was asked to forecast XRP’s price on October 31, 2026. Taking into account technical analysis, market sentiment, supply movements, and known upcoming events, ChatGPT delivered several price scenarios weighted toward a bullish outcome.
The AI presented a base-case target of $1.85 for XRP, describing it as the most probable scenario if current conditions continue. Entering October, XRP traded around $1.49 and posted strong quarterly gains. Nevertheless, the $1.54 to $1.60 range remained a challenging resistance zone, impeding further upward movement.
ChatGPT’s analysis cited sustained buying pressure through US-listed spot XRP ETFs and highlighted that approximately 1.6 billion XRP tokens left crypto exchanges within two weeks. The AI suggested this withdrawal could tighten circulating supply, potentially supporting price strength if demand continues.
ScenarioPrice RangeKey ConditionBear case$1.15 to $1.35XRP loses support at $1.45, weak global marketBase case$1.75 to $1.95ETF demand, stable market, positive Swell outcomeBull case$2.20 to $2.60Strong breakout above $1.70, accelerating ETF inflowsSwell conference and its potential impactA significant portion of the AI’s projection focused on Ripple Swell, Ripple’s flagship conference and networking event aimed at fostering payment innovations and driving institutional adoption of XRP. This year’s event is scheduled for October 27 to 29 in the days leading up to the forecasted date, and it will host approximately 1,500 leaders from financial, crypto, and academic sectors.
ChatGPT described the Swell conference as a potential catalyst for major news relating to payment networks, tokenization initiatives, new institutional partnerships, and broader utility for XRP.
The conference’s timing, shortly before the October 31 target, was identified as strategically important. The AI anticipates that a high-profile announcement or developments around the XRP Ledger could influence investor sentiment and price movement during this period.
Mini dictionary: Ripple Swell, an annual conference hosted by Ripple, brings together financial institutions, partners, and technology experts to discuss innovations, strategic partnerships, and the advancement of blockchain-based payments.
Key technical thresholds and outlookThe AI’s scenarios included a bear case where XRP could dip to between $1.15 and $1.35 if it loses key support at $1.45, especially if the broader crypto market faces downward pressure, such as from the Federal Reserve’s upcoming October 27–28 meeting. Conversely, a decisive rally above $1.60 to $1.70, combined with stronger market momentum and faster ETF inflows, was viewed as paving the way for a bullish outcome, with prices potentially landing between $2.20 and $2.60.
ChatGPT cited the $1.60 to $1.70 band as a pivotal resistance zone, with any sustained move above it expected to materially alter the asset’s price structure. In the base case, the AI model forecasted $1.75 to $1.95, relying on continued ETF demand and a constructive Swell outcome.
ChatGPT expects the Ripple Swell conference, scheduled for October 27 to 29, to serve as a catalyst for industry news and institutional interest. The AI forecasts a base-case XRP price of $1.85 by October 31, 2026, provided market support remains steady and there is a positive reaction to the event.
Overall, analysts remain attentive to upcoming developments, with many considering institutional flows and major industry events as critical factors that will shape XRP’s trajectory through the remainder of 2026.
Claims that XRP could achieve a 300% surge in a single day or reach $1,000 in the current year have been firmly dismissed by community figure ScamDaddy, who pointed to the scale of such moves relative to the asset’s trading history and current market conditions.
A recent debate among XRP enthusiasts reignited after Seer, a prominent community member, suggested that a 300% daily candle was possible and compared it to the token’s movement in April 2017. ScamDaddy responded by firmly rejecting this scenario, emphasizing that XRP has not previously experienced such extreme moves in its daily price history.
The discussion gained further momentum as some traders referenced the recent performance of Quant (QNT), which climbed from around $65 to over $350 within a week. However, daily percentage gains during this move ranged from about 87% to 145%, which falls short of the 300% increase in question for XRP.
Historical market data for XRP reveals no record of a 300% daily surge. In its most volatile periods, the token’s strongest daily movement, recorded on April 2, 2017, reached 173.71% according to CoinMarketCap, with some sources placing the figure close to 200% from open to close, but never crossing the 300% mark.
Currently, XRP trades near $1.50, with technical resistance levels highlighted in the $1.53 to $1.60 area, as traders monitor for any significant breakout.
$1,000 forecast seen as unrealisticIn addition to skepticism regarding a 300% daily gain, ScamDaddy also pushed back against projections that XRP could hit $1,000 this year. Aussie XRP cited Zach Rector in support of this target, but Rector clarified that while he anticipates strong performance for XRP in the coming quarter, he does not expect such an astronomical price increase in the short-term.
For XRP to reach $1,000 from its current level near $1.49, the token would need to deliver a return exceeding 67,000%. With an estimated circulating supply of 63.09 billion tokens, such a price would imply a total market value near $63 trillion, a valuation that overshadows the size of the global cryptocurrency market by a wide margin.
ScamDaddy and other market observers argue that historical surges in XRP’s price mostly occurred when the token’s valuation and trading volume were significantly lower, making rapid exponential gains more feasible. At current capitalization, similar percentage moves would require far greater capital inflow and investor demand than in previous cycles.
Significance of timing and meme token trendsWhile triple-digit price movements remain rare for established assets like XRP, the volatile meme token sector illustrates how quickly trends can generate outsized returns. In the fast-moving meme token market, timing and investor choices can be just as critical as price action itself. For example, Fomo App reported that a trade in “Niu Lai” transformed a $99 investment into about $370,000 in just days, underlining the extreme volatility in this sector. Tools such as Fomo App, offering token discovery, social feeds, investor rankings, and trade notifications, have become increasingly important for those tracking meme tokens and related investor activity.
Neither the 300% daily candle nor the $1,000 price target is backed by a confirmed technical setup. The unprecedented scale and capital required for such moves remain outside the scope of current market trends and underlying fundamentals.
Although XRP has seen its share of significant rallies in the past, prevailing technical and market conditions make comparable extraordinary gains increasingly unlikely given today’s much higher baseline price and market value.
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.
XRP Ledger network activity has recorded another substantial expansion, with one of its core throughput indicators rising roughly 60% over a 24-hour window. The move adds to evidence that XRPL usage remains elevated compared with much of the past year.
XRP moves inAccording to the supplied XRPScan data, transactions per ledger recently reached roughly 128.4, compared with a 30-day average of 109.88. The chart also shows the metric at approximately 142.43 on September 29, demonstrating that recent activity has repeatedly moved well above its longer-term baseline.
XRP/USDT Chart by TradingViewTransactions per ledger measures how many transactions, on average, are included in each validated XRPL ledger. Unlike raw transaction totals, it provides a useful view of how densely the network is being utilized as ledgers continue closing.
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The latest increase therefore indicates considerably heavier transactional demand. It also fits a broader pattern visible since August: XRPL has repeatedly produced bursts toward 150-200 transactions per ledger after spending much of June and July closer to approximately 60-100.
Taking it with cautionHigher transaction throughput does not automatically translate into higher XRP demand or price. XRPL transactions are inexpensive, and activity can originate from payments, decentralized exchange operations, token transfers, and automated transactions. A sustained increase matters considerably more than a single 24-hour spike.
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Still, the current reading is notable because it exceeds the 30-day average by roughly 17%, even after retreating from the Sept. 29 level. That suggests the increase is not purely an isolated intraday anomaly.
For XRP, sustained network expansion would strengthen the fundamental side of the current market setup. The key confirmation would be transactions per ledger remaining consistently above the 30-day baseline rather than immediately returning toward previous levels.
The all-time high shown in the supplied data remains much higher at 329.29 transactions per ledger, so XRPL is nowhere near unprecedented congestion or utilization. Instead, the latest 60% daily increase points to a renewed acceleration in activity within an already stronger period for the network.
October has opened with notable shifts in sentiment toward major altcoins, particularly Ethereum (ETH) and Ripple’s native XRP. Market intelligence platform Santiment identified a pronounced downturn in positive commentary about XRP, with the bullish-to-bearish sentiment ratio dropping to 0.67, marking the lowest reading since August 17, 2026.
XRP and ETH face crowd pessimismSantiment’s metrics track posts and comments from platforms such as Reddit, X, Telegram, and other forums where crypto communities remain active. These data points aim to capture sharp changes in investor sentiment, especially when one narrative dominates public discussion.
This decline in optimism has created what some analysts describe as an attractive contrarian environment. Historically, when sentiment turns strongly negative, it often suggests substantial selling activity has already taken place. In such scenarios, significant rebounds can occur after periods of deep pessimism—though the classic “buy the dip” approach does not always lead to immediate results.
Periods of widespread fear and subdued optimism typically entice both retail traders and large holders to build positions under more favorable conditions, often coinciding with the identification of local market bottoms.
However, Santiment Intelligence clarified that current data do not guarantee any immediate price recovery for XRP or ETH. The platform reported that market sentiment has shifted away from previous eras of unbridled optimism when traders expected consistent price increases. Amid continued anxiety and healthy on-chain technicals, some investors view this as a potential setup for bullish reversals, although timing such movements remains uncertain.
Technical levels ahead for XRPAs of Friday, XRP was observed to bounce off micro support in the $1.32 to $1.49 range. The nearest resistance sits at $1.67, aligning with the September 23, 2026, local price high. If XRP manages to break above this level, the next resistance targets are $1.93 and $2.25.
Ripple’s XRP mirrored Bitcoin’s (BTC) increased momentum, with BTC approaching $86,600. Overall market conditions have become more favorable as the global Crypto Fear & Greed Index edged up to 72, reflecting stronger risk appetite among traders. This shift follows a sharp wave of negative commentary, suggesting some investors considered last month’s drop to $1.29 as a possible cycle low.
Meme tokens and market timingAlongside major-cap developments, technical analysts emphasize the increased significance of timing and investor choices, particularly in speculative segments like meme tokens. In this space, internet trends can quickly translate into millions of dollars in trading volume within days. Fomo App data highlighted a notable trade in the meme token market: a $99 investment in “Niu Lai” grew to approximately $370,000, underlining the volatility and profit potential in such tokens.
Tracking price action alone is insufficient; monitoring the behaviors and token selections of active investors has become a critical factor. Fomo App integrates token discovery with social feeds, investor leaderboards, and trade alerts in a single platform, providing traders a consolidated view of meme token trends and investor movements.
By consolidating discovery tools and real-time insights, platforms like Fomo App allow users to more effectively follow both price shifts and investor sentiment in the fast-evolving meme token ecosystem.
The XRP Ledger is set for one of its most active upgrade periods in 2026, as three significant amendments are scheduled for activation within an 18-hour window between October 8 and 9. These amendments, if endorsed by sufficient validator support, are expected to bring advanced capabilities to the XRPL protocol, enhancing features for institutional and advanced users.
Upcoming upgrades and timelinesThe planned activation sequence starts with PermissionDelegationV1_1 at approximately 21:25 UTC on October 8. This will be followed by fixBatchV1_2 at around 14:12 UTC and BatchV1_1 at 14:46 UTC on October 9. The upgrades will only be confirmed if validator participation remains above the necessary consensus threshold.
Each amendment targets a different aspect of XRPL operations. PermissionDelegationV1_1 aims to introduce more flexible account authorization systems. BatchV1_1 enables atomic groups of transactions, while fixBatchV1_2 addresses a recently discovered protocol vulnerability.
Features tailored for institutionsPermissionDelegationV1_1 is designed to allow XRPL account holders to delegate specific authority to other accounts without relinquishing control of their master keys. This structure supports institutions such as banks and stablecoin issuers, offering the ability to allocate compliance, payment, and operational functions to different accounts for improved segregation of duties.
The updated model for institutional account control nearly missed its revised activation target due to previous dips in validator support. However, with consensus restored, PermissionDelegationV1_1 could go live on October 8.
BatchV1_1, arriving less than a day later, will allow users to group up to eight transactions within a single atomic operation. This capability is particularly useful in scenarios like settlement, atomic swaps, and complex multi-party deals, where all steps must either execute together or not at all.
BatchV1_1 was initially planned for September but saw its deployment delayed when validator backing dropped below the needed threshold, pushing activation to October 9.
Emergency security updateNotably, BatchV1_1 will be launched alongside a critical security measure. XRPL developers have distributed xrpld 3.4.1 as an emergency update to address security-sensitive issues that came to light during recent protocol reviews. This fix, titled fixBatchV1_2, will go live at approximately 14:12 UTC on October 9.
Servers operating on outdated software when fixBatchV1_2 activates risk becoming amendment blocked, a status that prevents them from participating in future ledger consensus until updates are applied.
With three amendments scheduled in rapid succession—including an urgent security patch—XRPL’s October 9 window stands out as one of its most critical upgrade points in recent years.
PermissionDelegationV1_1 will provide organizations with granular authorization, making it possible to separate compliance, payments, and operations across several accounts without transferring primary control.
Mini dictionary: XRPL (XRP Ledger), is a decentralized, open-source blockchain developed by Ripple that facilitates fast and low-cost international payments and supports unique features such as multi-signing, decentralized exchange, and advanced transaction types tailored primarily for institutional and enterprise use.
Hugo Philion, co-founder of Flare network, has raised questions surrounding XRP’s price action after Ripple announced a major integration with CSD BR, Brazil’s regulated central securities depository. Despite the landmark partnership placing XRP technology at the heart of a $4.23 trillion asset pool, the cryptocurrency’s price saw a decline in the immediate aftermath.
Ripple’s major integration with CSD BROn September 29, Ripple confirmed that the XRP Ledger had been integrated into the infrastructure of CSD BR, which manages over 22 trillion Brazilian real in registered assets. The executive team at Ripple emphasized that this move brings the project’s technology directly into Brazil’s regulated capital markets, far surpassing limited pilot programs or proofs of concept.
Ripple’s managing director for Latin America described the development as a shift into live, compliant infrastructure that could impact the country’s capital market ecosystem. Luke Judges, a Ripple executive, estimated the market value of the initial asset issuance cycle could reach $15 billion, reflecting the scale of the integration’s potential.
XRP isn’t “my” coin, but I can’t help but point out the lunacy—because FLR suffers from the same lacklustre response sometimes—that XRP is down on the day after the revealing of something that is so potentially transformative. It doesn’t make sense.
Despite the high profile announcement, XRP’s price did not surge as many investors expected. At the time of the announcement, XRP traded near $1.51 but fell to about $1.47 by October 1. The cryptocurrency market appeared to shrug off the news of the substantial infrastructure partnership, with price action moving in the opposite direction of expectations.
Philion observed that this muted response echoes what he has occasionally seen with Flare’s own token, FLR, after major milestones, highlighting a recurring disconnect between fundamental news and price performance.
Community reactions varied. Some notable holders suggested that markets have not yet recognized the value of the integration and raised the possibility of market manipulation or intentional price suppression, though acknowledged such claims are difficult to prove. Others argued that price shifts in $XRP only occur when news translates into direct utility or demand, regardless of the partnership’s significance.
If the market doesn’t see an announcement as meaningful for XRP’s actual utility or trading, the price may not move despite the importance of the underlying partnership.
Market outlook and next stepsThe immediate market reaction follows a broader trend for XRP, with recent achievements—such as Evernorth’s win with XRP’s price unchanged—highlighting lingering doubts about the connection between adoption announcements and valuation gains. Philion’s remarks reflect the frustration of watching a regulated, live integration with significant economic potential produce little impact in price terms.
Observers suggest that future price performance may hinge on how deeply the XRP Ledger becomes interwoven with Brazil’s financial system, especially if a considerable portion of the multi-trillion-dollar asset base begins to use its infrastructure directly.
In fast-changing conditions where a Federal Reserve decision or surprise altcoin listing can instantly move the market, many traders are searching for an edge. To avoid missing key developments or price swings while switching between multiple platforms, some investors are turning to privacy-focused solutions like CryptoAppsy. These tools provide real-time charts, price alerts, news, and macroeconomic data all on a single screen, requiring no account setup and helping users stay ahead of rapid market shifts.
XRP ETFs opened October with renewed momentum, attracting notable net inflows amid lackluster recent performance, while Ethereum ETFs saw significant outflows. Data from SosoValue revealed contrasting trends between the two major assets as the new month began.
XRP ETFs record positive inflowsXRP, the cryptocurrency developed by Ripple Labs, saw its exchange-traded funds (ETFs) register a net inflow of $4.07 million during the daily trading session on October 1. This shift comes after a period of subdued performance toward the end of the previous month, suggesting a return of investor interest in XRP-related products.
Total trading volume for XRP ETFs reached $25.87 million on the same day, reinforcing signs of renewed activity in the asset. Market analysts have noted the recent uptick, interpreting it as a potential change in sentiment among investors.
XRP ETFs attracted $4.07 million in net inflows on October 1, while Ethereum ETFs recorded a net outflow of $55.37 million, according to SosoValue.
Despite the positive net inflow, the overall amount of capital directed into XRP ETFs remained low when compared to historical figures and industry benchmarks. Yet, compared with some of its peers, the performance represented a notable improvement.
Flows by ETF providerAmong the leading XRP ETF issuers, Franklin Templeton and Bitwise saw contrasting outcomes. Franklin Templeton took in approximately $4.06 million in fresh capital, while Bitwise followed closely with $3.18 million in new inflows. Conversely, Canary’s XRP ETF reported an outflow of $3.18 million, partially offsetting the gains made by its competitors.
Franklin Templeton is a global asset management firm known for its broad investment offerings, while Bitwise is recognized as a major provider of crypto-centric ETF and index products. Canary is a smaller player in the ETF ecosystem, focusing on digital asset funds.
Mini dictionary: Franklin Templeton, a leading global investment management firm, and Bitwise, a company specializing in cryptocurrency investment products, both offer exposure to digital assets via ETF structures. Canary is a boutique provider focused on digital asset funds.
ETF ProviderXRP ETF Net Inflow / OutflowFranklin Templeton$4.06 million (inflow)Bitwise$3.18 million (inflow)Canary$3.18 million (outflow)Major outflows in Ethereum ETFsWhile XRP ETFs posted positive figures, Ethereum ETFs experienced significant withdrawals on the same day. Investors pulled $55.37 million from Ethereum ETFs, resulting in a notable divergence between the two assets’ fund flows at the beginning of October.
The net outflow in Ethereum ETFs contrasted sharply with XRP’s gains, creating a $59.44 million difference in daily flows between the two. Nevertheless, despite the recent outflows, Ethereum’s cumulative net inflows remain robust, totaling $13.84 billion as of October 1.
The data shows a major divergence in flows between XRP and Ethereum ETFs, with XRP outperforming Ethereum by roughly $59.44 million on the first trading day of October.
Bitcoin made a strong start to October, breaking out of the $82,000-$85,000 range where it had been trading sideways for days, and climbing above $86,000.
While BTC’s movements are closely monitored, popular analyst Ali Martinez has offered new assessments regarding Bitcoin, Ethereum, XRP, and Solana.
At this point, the analyst, in their latest assessment from account X, examined long-term charts and identified notable technical levels for Bitcoin, Ethereum, XRP, and Solana in the current bull cycle.
What are the Goals in Bitcoin? The analyst began by noting that Bitcoin appears to have traded within an ascending channel over the past two years.
At this point, the first significant level for Bitcoin is indicated as the previously seen peak of $125,000. It is stated that if this level is surpassed, BTC could rise towards the upper limit of its long-term ascending channel, testing approximately $190,000.
Ethereum Reaches a Critical Threshold of $5,000! The analyst noted that when examining Ethereum’s monthly chart, a rising channel that has been ongoing for approximately five years became apparent.
According to the analyst, the upper limit of the channel around $5,000 stands out as an important technical level for ETH. If ETH breaks above this region, the next target could be $8,800.
What’s the Situation for XRP? XRP is also among the assets that stand out in the analyst’s assessment. The analyst notes that a rising triangle pattern has formed on XRP’s monthly chart, with resistance around the $3.66 level.
The analyst states that a monthly close above this resistance could confirm the breakout, bringing the formation’s technical target to around $31.87.
Solana’s Technical Target is $2,744! The analyst believes a cup-and-handle pattern has formed on Solana’s monthly chart. According to the analyst, the neckline of the pattern is around $295. A monthly close above this level could strengthen the bullish scenario, and the technical target of the pattern could be around $2,744.
Finally, the analyst notes that these levels are projections based on technical analysis and should not be considered as definitive price targets or guaranteed results.
*This is not investment advice.
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Ripple has reported that its RLUSD (Ripple Liquidity USD) stablecoin now has a circulating supply surpassing $2.4 billion, according to updated figures published on the company’s official transparency page. The latest disclosure, dated September 24, indicates that RLUSD reserves are higher than the circulating supply by approximately $122.5 million, or about 5%.
RLUSD reserve management and transparencyRipple stated that the reserves backing RLUSD are maintained in segregated accounts and consist of a mix of US dollars and highly liquid cash equivalents. The company also collaborates with Standard Custody & Trust Company, the regulated entity responsible for issuing RLUSD. This custodian operates under supervision from the New York Department of Financial Services.
To support transparency, Ripple publishes monthly, independently conducted CPA attestations that detail circulating supply figures and reserve assets. These reports are available for public review and are intended to provide assurance regarding RLUSD’s full backing and regulatory compliance.
RLUSD’s reserve surplus reportedly places it among the most conservatively managed stablecoins in the regulated dollar token sector.
Mini dictionary: Standard Custody & Trust Company, a regulated digital asset custodian, provides institution-grade storage, transfer, and settlement of digital assets, operating under New York state financial regulations to enhance client asset security.
Growth milestones and market positioningRLUSD crossed the $2 billion mark in late August, and its growth has continued at a brisk pace. The total supply has expanded by more than $400 million within roughly one month, solidifying RLUSD’s position as one of the fastest-growing regulated stablecoins in the sector. Ripple aims to elevate RLUSD’s role within its broader institutional finance services, viewing it as an anchor for liquidity products and infrastructure.
Recent developments have positioned RLUSD at the center of new Ripple initiatives involving institutional payments, tokenized assets, and participation in credit markets. Efforts to integrate RLUSD with related technologies, such as FXRP (a synthetic XRP token) and lending infrastructure, reflect Ripple’s strategy to embed RLUSD more deeply in institutional liquidity operations.
RLUSD now functions as a foundational element across multiple blockchain environments, which Ripple has described as key to its evolving financial and payment products.
Multichain expansion and liquidity strategyDistribution of RLUSD is becoming increasingly multichain. On Ethereum, RLUSD holdings recently stood at about $1.38 billion, while XRPL accounted for roughly $1.03 billion. This shift extends Ethereum’s lead, with each network having swapped the top spot during several periods earlier in the year. Ripple’s approach deliberately aims to build liquidity for RLUSD across multiple ecosystems rather than centralizing the token on a single ledger.
BlockchainRLUSD SupplyEthereum$1.38 billionXRPL$1.03 billionRipple has emphasized that operating RLUSD on several blockchain networks enhances both liquidity and accessibility, moving the token beyond its original payment-focused use case. This multichain strategy is expected to play a central role as RLUSD’s adoption continues to broaden within institutional marketplaces.
Integration with diverse lending, payments, and asset tokenization infrastructures suggests RLUSD is expanding from a simple stablecoin into a core piece of Ripple’s institutional liquidity ecosystem.
Absa Breaks New Ground in African BankingSouth Africa's @Absa has officially launched Africa's first bank-grade digital asset custody service, securing formal regulatory approval from South African authorities before going live. The service, called Absa Digital Asset Custody, went live on September 21, 2026, and positions the banking group as the first commercial bank on the continent to offer this capability to institutional clients.
The platform provides licensed custody, asset administration, and rails for asset movement. It targets institutional customers including hedge funds, asset managers, non-bank financial institutions, and corporate treasuries, giving them a regulated banking environment in which to hold and manage digital assets.
The service currently supports $BTC, $ETH, the $XRP Ledger, and $USDC, with additional assets expected to be added as institutional demand develops. Bitcoin accounts for the largest share of assets under custody at launch.
Ripple Technology and a Growing MarketAbsa built the platform on Ripple's custody technology, the result of an 11-month partnership that began in October 2025. The platform provides private-key management, transaction and approval controls, and bank-grade governance and compliance, functioning as a secure vault rather than a trading venue.
Rob Downes, Head of Digital Assets at Absa Corporate and Investment Banking, said the bank plans to extend the service to additional client segments and, subject to regulatory approval, expand into other African markets. Ripple's Managing Director for the Middle East and Africa described the launch as "a major milestone" for bank-grade digital asset infrastructure on the continent.
The backdrop is a rapidly growing local market. According to the South African Reserve Bank, crypto assets held by the country's three largest licensed service providers, Luno, VALR and Ovex, more than doubled to R25.3 billion (approximately $1.5 billion) at the end of 2024, up from less than R10 billion at the start of 2023. Globally, the digital asset custody market is estimated at around $953.5 billion in 2026 and could reach $4.38 trillion by 2033.
With this launch, Absa joins a small group of regulated global banks to offer an institutional-grade digital asset custody proposition, and brings Africa meaningfully into that conversation for the first time.
Sources:
Engineering News: Absa Becomes First Bank in Africa to Secure Regulatory Approval for Digital Asset Custody
BusinessDay: Absa Becomes First African Bank to Offer Digital Asset Custody
Nairametrics: Absa Becomes Africa's First Bank to Offer Crypto Custody
South Africa’s Absa Group has launched digital-asset custody services for institutional clients after receiving regulatory approval. The service supports Bitcoin, XRP Ledger, Ethereum and USDC, with plans to add more assets. Absa will provide safekeeping, administration and transfer services to asset managers, non-bank financial institutions and corporates. The bank plans to expand the service to other client segments and African markets, subject to regulatory approvals. South African crypto assets under custody reached R25.3 billion ($1.5 billion) by the end of 2024, according to the South African Reserve Bank.
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According to Bloomberg, Absa has become the first bank on the African continent to offer digital asset custody services, providing secure custody, management and transfer of digital assets to its South African institutional asset clients—including asset management firms, non-bank financial institutions and corporates. The bank has obtained approval from South African regulators for the custody service, which currently supports Bitcoin, Ethereum, XRP and USDC. Absa plans to expand its service scope to cover more assets.
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Asset Price Rolling 24-hour change Aggregate 24-hour volume Bitcoin (BTC) $85,551 +2.19% $34.93 billion Ethereum (ETH) $2,719.30 +0.89% $14.24 billion XRP $1.51 +0.70% $2.53 billion Quant (QNT) $250.12 −15.80% $453.03 million Lighter (LIT) $3.79 −6.39% $93.07 million Bitcoin Tests $85,520 After a Stronger Daily Close Bitcoin closed October 1 at $84,842, gaining 1.51% from the previous session’s $83,578. The daily high of $85,183 remained below the $85,210–$85,520 resistance zone identified in yesterday’s report, so the completed candle preserved the existing range.
Bitcoin’s October 1 close remained below resistance while its 20-day SMA rose to approximately $81,684. Friday’s later $85,551 quote edged above that zone. This is an intraday move; it does not establish a daily closing breakout. The distinction matters because September 30 also saw price push higher before retreating into the close.
The 20-day simple moving average rose from approximately $81,302 to $81,684. Price remains above this rising average, supporting the broader recovery from mid-September even as the shorter-term range remains unresolved.
A daily close above $85,520, followed by a successful retest, would strengthen the case for revisiting the September 21–23 highs around $87,250–$87,330. A close back inside the range would leave that upside scenario unconfirmed.
On the downside, October 1’s $83,182 low is the nearest session reference, followed by the $82,580–$82,950 support area. Losing $82,580 on a daily close would weaken the consolidation and bring the rising 20-day average into focus.
Ethereum’s MACD Improves Beneath $2,743 Resistance Ethereum ended October 1 at $2,705.30, up 0.77% from $2,684.57. Its $2,720.25 session high remained beneath the $2,737–$2,743 resistance cluster, leaving the same ceiling in place despite a firmer close.
Ethereum remains beneath $2,743; four-hour MACD shows a positive histogram at the completed-candle cutoff. Four-hour MACD, using 12, 26 and 9-period settings, offers a cautiously stronger short-term reading. The MACD line crossed above its signal on the completed candle ending October 1 at 12:00 UTC and remained above it through the chart cutoff.
At 00:00 UTC on October 2, the line stood near 2.95 and the signal near 0.78. The positive histogram widened from 1.44 to 2.17 over the latest bar. That expansion reflects improving momentum after the crossover, rather than a new crossover on the final candle. Both lines were above zero.
Price confirmation remains separate. A daily close above $2,743 would reopen the $2,787–$2,804 September highs. A subsequent fall below the reclaimed resistance would weaken that breakout scenario.
October 1’s $2,674 low provides an initial support reference. Below it, the $2,635–$2,658 area contains several recent session lows. A daily close below $2,635 would break that support structure and undercut the improving short-term momentum signal.
XRP Holds Above Its Bollinger Midpoint XRP again closed near $1.49 on October 1 after trading between approximately $1.48 and $1.51. The rounded daily feed shows little change from September 30, while Friday’s later quote of $1.51 still sat beneath the established $1.53–$1.56 resistance band.
XRP holds above its daily Bollinger midpoint, near the $1.45–$1.47 support zone. Daily Bollinger Bands, calculated with a 20-day simple moving average and two population standard deviations, place the midpoint near $1.448. The upper band stood near $1.629 and the lower band near $1.267 at the completed daily close.
XRP remains above the midpoint but has not reclaimed the recent horizontal highs. The bands provide context for the trading range; being above their midpoint alone does not confirm that another advance has started.
The midpoint now overlaps the lower edge of the $1.45–$1.47 support zone. A daily close below $1.45 would weaken this base and expose earlier trading areas near $1.41 and $1.37. The lower band is a changing volatility measure, not an automatic downside destination.
Conversely, a daily close above $1.56 would clear the nearby resistance band and support a retest of $1.61–$1.66. A return below $1.53 after such a break would weaken the recovery case. Compared with yesterday, the principal horizontal levels remain intact.
Quant Loses Yesterday’s Retracement Support Quant’s October 1 candle closed at $245.16, down 14.54% from $286.87. The session reached $305.07 before falling to $242.22, leaving the close near the day’s low and below the $261.50–$276.75 retracement area discussed yesterday.
Quant closed below the 61.8% retracement of its September 28–30 rebound. The Fibonacci anchors remain the September 28 low of $196.87 and September 30 high of $326.12. Measuring the pullback from that upward swing gives $276.75 at 38.2%, $261.50 at 50%, and $246.24 at 61.8%.
The completed daily close fell just below the 61.8% level. Friday’s $250.12 quote subsequently recovered above it, but a live reclaim does not yet reverse the daily loss of support.
Holding the $242.22 session low and closing back above $246.24 would be an initial stabilization signal. A stronger recovery would require a close above $261.50, followed by a challenge to $276.75. The former support area therefore becomes the immediate recovery test.
A daily close below $242.22 would instead leave the September 29 low of $205.52 and September 28 low of $196.87 as the next visible references. That downside scenario would weaken if QNT reclaimed and held $261.50.
Lighter Remains Near Its Recent Lows Lighter closed October 1 at $3.81, down 3.54% from $3.95. Its daily high stalled at $4.11 for a second consecutive session, while the $3.76 low remained above the September 29–30 lows of $3.65–$3.66.
Lighter consolidates above $3.65–$3.66; four-hour Wilder RSI stands at 36.17. The daily sequence shows a decline from September 24’s $5.54 high toward those lows, with repeated lower highs preceding the latest consolidation. The two sessions capped at $4.11 have not yet reversed that structure.
Four-hour RSI, calculated over 14 periods with Wilder smoothing, fell from 38.90 to 36.17 on the latest completed candle. The reading remains below the neutral 50 line, indicating subdued momentum, but above the conventional 30 oversold threshold. It does not establish a reversal signal.
A daily close above $4.11 would be the first clearer recovery confirmation. Holding that level could bring the earlier $4.32–$4.45 trading area back into view; RSI recovering above 50 would provide supporting momentum evidence.
A daily close below $3.65 would break the recent floor and invalidate the developing base. The available daily window contains no lower established swing low, so a deeper technical target is not assigned. Any recovery above $4.11 would lose credibility if price subsequently fell back below $3.95.
Wallets holding large amounts of XRP accumulated nearly 2 billion coins across two key intervals in September, according to analysis from crypto commentator Austin Hilton. Hilton, who closely tracks market trends, said the activity highlights how major XRP holders have steadily increased their positions during both market declines and rallies.
Whale accumulation patterns in volatile marketsHilton detailed on-chain data showing that wallets with at least 500,000 XRP continued to add to their holdings throughout shifting price conditions. During the first accumulation phase, which spanned from September 16 to September 19, these whale wallets purchased about 1.54 billion XRP in just four days, as the price retraced to around $1.26.
He emphasized that some market participants speculated XRP could fall below $1 during this period, yet whale wallets maintained their buying pressure throughout the correction.
Large holders added to their XRP even as some warned of a possible drop below $1, indicating that these wallets used price weakness as an accumulation opportunity.
Hilton scrutinized how these investors responded during both weakness and signs of a rebound, observing that the accumulation did not only happen at lower prices but persisted as the market started to recover.
Whales sustain buying during recoveryA second major buying period occurred between September 21 and September 24. Whale wallets absorbed an additional 470 million XRP within those five days, as prices climbed from roughly $1.49 to $1.64. According to Hilton, these purchases were valued at about $724 million.
Taken together, the two accumulation spans account for approximately 2 billion XRP, with total investments during this time frame valued at close to $3 billion based on Hilton’s estimates.
Accumulation PeriodDatesAmount Acquired (XRP)Price RangeEstimated ValueFirstSep 16-191.54 billionAround $1.26Not specifiedSecondSep 21-24470 million$1.49–$1.64$724 millionTotal—2 billion—Approx. $3 billionDistribution among major holdersHilton reported that nearly 4,200 wallets currently fit the definition of XRP whales, with each holding a minimum of 500,000 coins. Collectively, these addresses control just under 52 billion XRP, which is slightly below 4% of the entire XRP supply.
He stated that these large wallets could continue acquiring XRP at higher price levels, potentially around $2 or $2.50, and described their investment approach as long-term and data-driven rather than reactive.
Mini dictionary: Austin Hilton, a crypto market commentator recognized for analyzing on-chain crypto activity and providing insights on whale wallet behavior and large-scale digital asset movements.
By targeting major accumulation during both corrections and rallies, whale wallets signaled a preference for strategic, long-term positioning in XRP.
XRP’s potential at higher valuationsHilton also assessed the implications of a $10 XRP price. He calculated that, with XRP trading at approximately $1.59, reaching $10 would put the asset’s market capitalization near $695 billion. He placed this figure in the context of broader trends, mentioning the potential influx of new capital into the crypto sector in the months ahead.
He said he plans to continue following whale wallet movements using on-chain data as the market evolves.
Bearish sentiment among XRP investors has reached its lowest level in a month, following a period of substantial price volatility for the token. According to recent data compiled by Santiment, a blockchain analytics platform, the ratio of positive-to-negative comments about XRP now stands at 0.67 across major cryptocurrency online communities.
Santiment monitors conversations on platforms including X, Telegram, and Reddit, tracking sentiment shifts among traders and investors. Over recent weeks, negative commentary has begun to dominate discussions surrounding XRP. This shift comes despite a notable price rally for the token earlier this autumn.
In previous months, sentiment toward XRP exhibited sharp swings, often mirroring the token’s price movements. During September, brief surges of optimism coincided with an upswing in price. However, by the start of October, sentiment had dropped sharply, aligning with the lower end of recent ranges.
Some XRP holders have voiced frustration over the token’s price stagnation, especially given recent news of institutional adoption related to the XRP Ledger. Several community commentators have expressed confusion over why high-profile developments have yet to trigger a notable price reaction.
Despite institutional adoption and reported developments for the XRP Ledger, many in the community remain puzzled by the lack of a corresponding price move in the token.
Broader market impact and comparative analysisSentiment declines are not limited to XRP. Santiment data indicates that Ethereum has also experienced a drop in optimism, with its bullish-to-bearish comment ratio falling to 0.89. This reading marks Ethereum’s weakest sentiment since June 7 but has not reached the more extreme levels seen with XRP.
Both XRP and Ethereum demonstrate high sensitivity to market narrative shifts, which can result in rapid changes in trader sentiment. While current readings reflect widespread pessimism, sentiment swings in the cryptocurrency space can happen quickly.
TokenPositive/Negative RatioNotable ChangeXRP0.67Lowest in one monthEthereum0.89Weakest since June 7Santiment analysts have suggested that extreme negativity on social media can, at times, present a contrarian opportunity. They note that if many traders are expecting additional declines and have already sold their holdings, the potential for a reversal increases. However, they caution that intense bearish sentiment does not guarantee an immediate price rebound, as market pessimism can persist or even deepen.
Santiment is a blockchain analytics firm specializing in social media sentiment, on-chain data, and signals for major cryptocurrencies. The company’s tools are often used by traders to gauge crowd psychology and inform market decisions.
Mini dictionary: Santiment, a blockchain analytics provider, offers tools and metrics that track social media sentiment, on-chain activity, and trader behavior for various cryptocurrencies, providing insights into crowd psychology and potential market movements.
Ultimately, while current sentiment around XRP has trended firmly negative, swift changes are common in digital asset markets, leaving open the possibility for near-term reversals or continued declines.
Santiment analysts emphasize that while extreme bearishness sometimes signals contrarian opportunity, there is no guarantee the price will recover quickly, and further declines are possible.
Clients of the Bitwise and Franklin Templeton spot XRP ETFs bought another $7.24 million worth of XRP. In ETF land, that counts as a quiet day.
A steady drip, not a firehose On September 23, 2026, combined net inflows into the two funds totaled $18.04 million. Bitwise accounted for $11.54 million of that, while Franklin Templeton brought in $6.50 million.
Two days later, the pace picked up. On September 25, combined net inflows reached approximately $22.65 million, with Bitwise responsible for around $18.39 million.
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Total inflows across XRP ETFs have climbed to around $1.79 billion. Net assets sit somewhere between $1.7 billion and $1.8 billion, nearing that upper figure.
Bitwise leads the pack, with cumulative net inflows in a range of $613 million to $677 million. Franklin Templeton trails but is closing in on the $500 million mark.
How XRP ETFs got here Bitwise and Franklin Templeton launched their US spot XRP ETFs in November 2025. The pitch was simple: give investors XRP price exposure without making them manage the token themselves.
The products have also benefited from a friendlier regulatory backdrop around Ripple and XRP. XRP ETFs have since become a popular diversification pick, often sitting in portfolios alongside Bitcoin and Ethereum exposure.
Inflows up, price not so much The token has been trading under pressure near the $1.5 level, even as ETF money keeps arriving. Inflows into these funds have not tracked neatly with XRP’s price moves.
What this means for XRP and the ETF market Bitwise’s cumulative inflows outpace Franklin Templeton’s, and its daily contributions have been larger in recent sessions. Franklin Templeton is approaching $500 million in cumulative inflows.
What to watch next: whether daily inflows return to the $18 million to $22 million range seen in late September, whether cumulative inflows push past the $1.8 billion area, and whether XRP can hold or reclaim ground around $1.5.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
XRP price action is tightening within a narrowing structure as buyers defend rising support while sellers continue capping rebounds. After reaching $1.665, Ripple [XRP] fell and continued to form lower highs towards $1.55.
The rising support defended each of the declines from about $1.45-$1.47. This keeps the short-term recovery shape alive and well. XRP currently trades at approximately $1.4916, close to the bottom border of the triangle.
This makes the next breakout important because it could determine whether the recovery extends or reverses.
Source: TradingView Additionally, RSI at 46.02 shows XRP is experiencing neutral to slightly downward momentum against strong buying power. Therefore, if the price breaks through $1.54, it will likely be enough to create room for the price to possibly recover back to $1.70 or higher.
A breakthrough below rising support will indicate a weakening setup. Until then, XRP remains caught between tightening resistance and persistent support.
Evernorth tests XRP’s institutional demand Evernorth’s introduction of a new demand source for XRP’s tightening range. Evernorth plans to list XRP on the Nasdaq exchange. This will put approximately 566 million XRP into a treasury with over $1.1 billion of committed capital backing the treasury.
Source: X This is important because institutional capital can provide longer-term support for the demand of XRP to accumulate and potentially counteract short-term trading demand.
Additionally, XRP has unlocked an additional one billion XRP in four batches of 400, 300, 300, and 100 million XRP.
Source: Onchain Lens Therefore, the result of these two factors is dependent upon whether most of the newly unlocked XRP makes its way onto exchanges. If so, what percentage of the newly unlocked XRP is absorbed by institutional demand?
Therefore, if Evernorth deploys capital toward XRP while supply remains off exchanges, the demand could support price stability.
Can XRP break $1.54? The price of XRP continues to be confined within an area that is a contracting structure, with buyer support increasing but seller resistance still present. The price of XRP was able to rise up to $1.665, after which it formed lower highs toward $1.55.
This indicates there is supply present above current levels. The recent 1 billion XRP release by Ripple brings up one additional factor that affects the overall supply of XRP.
A significant portion of each month’s release may return to escrow, thereby limiting the amount of the released coins that are made available for trade.
Therefore, the post-release flow of funds into exchanges is more important than the release itself. Should exchange balances remain under control, then buyers should be able to absorb the current supply of XRP with little or no disruption.
If XRP breaks decisively through the $1.54 resistance level, then this will shift focus to the next resistance level at $1.70. Conversely, if multiple attempts fail to break through the $1.54 level, it is likely to create a stalemate with respect to continuing upward momentum.
Final Summary XRP price tests $1.54, with $1.70 ahead if buyers break resistance. XRP faces Evernorth demand against fresh Ripple supply.
Kripto para piyasası ekim ayına güçlü bir başlangıç yaparken Bitcoin 86 bin dolar seviyesini yeniden aştı. Toplam piyasa değeri son 24 saatte yüzde 1,22 yükselerek 2,92 trilyon dolara ulaşırken, Bitcoin TSİ 09.04 itibarıyla yüzde 2,13 artışla 86.011 dolardan işlem gördü. Piyasadaki hareketlilikte ETF akışları, ABD düzenlemeleri ve istihdam verileri öne çıkıyor.
Ethereum yüzde 0,33 yükselerek 2.724 dolara çıkarken XRP yüzde 0,78 artışla 1,51 dolara ulaştı. Solana ise yüzde 2,18 değer kazanarak 121,93 dolara yükseldi. Altcoin tarafında LayerZero yüzde 10,42 ile günün en güçlü yükselişini kaydederken Quant yüzde 13,84 düşüşle en fazla değer kaybeden varlık oldu.
Bitcoin Yükselişini ETF Girişleri Destekliyor Mu? Bitcoin hareketinde kurumsal sermaye akışları dikkat çekiyor. 1 Ekim tarihinde spot Bitcoin ETF’lerine toplam 102,67 milyon dolarlık net giriş gerçekleşti. Aynı gün spot Ethereum ETF’lerinde ise 55,37 milyon dolarlık net çıkış görüldü.
Altcoin ETF’lerinde tablo daha karmaşık bir görünüm sundu. XRP ETF’leri 4,07 milyon dolar, HYPE 4,96 milyon dolar, LINK 2,62 milyon dolar, NEAR 8,08 milyon dolar, AVAX 267,84 bin dolar ve HBAR ETF’leri 2,10 milyon dolar net giriş aldı.
Buna karşılık SOL ETF’lerinden 5,91 milyon dolar, ZEC ETF’lerinden ise 28,26 milyon dolar net çıkış gerçekleşti. BNB, TRX, DOGE, LTC ve DOT ETF’lerinde ise herhangi bir net fon akışı görülmedi.
SEC Kararı Kripto Piyasasını Neden Destekledi? Ekim ayındaki olumlu havanın arkasında yalnızca fiyat hareketleri bulunmuyor. ABD Menkul Kıymetler ve Borsa Komisyonu, 1 Ekim’de yatırım danışmanları ve düzenlemeye tabi fonların kripto varlık saklama süreçlerine ilişkin yeni bir düzenleme önerisi sundu.
Öneri, dijital varlıkların saklanması için daha net ve özel bir çerçeve oluşturmayı amaçlıyor. Belirli koşullarda kripto varlıkların yatırımcılar tarafından kendi kendine saklanmasına izin verilmesi ve eyaletlerdeki tröst şirketlerinin saklama hizmeti sunabilmesi de düzenlemenin dikkat çeken unsurları arasında bulunuyor.
SEC Başkanı Paul Atkins, önerinin yatırım danışmanları ve fonlar için daha açık bir saklama çerçevesi oluşturacağını belirtti. Atkins’e göre mevcut kurallar ağırlıklı olarak geleneksel varlıklar dikkate alınarak hazırlandı ve kripto sektöründeki gelişmelere aynı hızda uyum sağlayamadı.
ABD İstihdam Verisi Bitcoin İçin Neden Önemli? Piyasanın kısa vadeli odağında ABD tarım dışı istihdam verisi bulunuyor. ABD Çalışma İstatistikleri Bürosu, eylül ayına ait İstihdam Durumu raporunu bugün TSİ 15.30’da açıklayacak.
Veri, Fed’in para politikasına ilişkin beklentileri doğrudan etkileyebileceği için Bitcoin ve diğer riskli varlıklar açısından önem taşıyor. Güçlü istihdam rakamları faiz politikasına yönelik beklentileri değiştirebilirken, daha zayıf bir istihdam görünümü farklı bir fiyatlama sürecini tetikleyebilir.
Bu nedenle yatırımcıların yalnızca istihdam rakamına değil, verinin ardından dolar ve faiz beklentilerinde oluşacak değişime de bakması gerekiyor. Kripto yatırımı açısından bu iki değişken, kısa vadeli piyasa hareketlerini anlamak için önemli göstergeler arasında yer alıyor.
Uptober Etkisi Ne Kadar Sürebilir? Ekim ayının başlangıcı kripto para piyasası açısından pozitif bir tablo ortaya koydu. Bitcoin’in 86 bin doların üzerine çıkması, spot Bitcoin ETF’lerine net sermaye girişi ve ABD’de kripto saklama düzenlemelerine yönelik yeni adımlar bu görünümü destekleyen gelişmeler arasında bulunuyor.
Bununla birlikte yükselişin devamı açısından ABD istihdam verisi kritik bir test oluşturuyor. Verinin ardından oluşacak Fed faiz beklentileri, Bitcoin başta olmak üzere altcoin fiyatlamalarının yönünü etkileyebilir.
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.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Uphold announced on September 29 that it is adding inheritance planning to Vault, its assisted self-custody wallet, letting customers name a beneficiary for their Bitcoin (BTC), XRP and Hedera (HBAR) holdings. The feature, called Vault Inheritance, targets a gap the company says has left almost 4 million BTC, worth roughly $331 billion, stranded in wallets whose owners died or lost their private keys.
Unlike a bank account or brokerage, a crypto wallet cannot be recovered by an heir who lacks the keys. Legal ownership may pass on, but the cryptographic control needed to move the assets often does not. Uphold’s answer is a designated beneficiary who can claim the assets after the owner’s death without ever holding access to them beforehand.
How the inheritance claim works A Vault customer invites a beneficiary directly from the dashboard, and that person is notified and guided to set up an Uphold account to receive the assets later. The beneficiary gets no access while the owner is alive, and the designation can be changed at any time. After the owner passes, Uphold’s compliance team verifies the legal documentation before transferring control into the beneficiary’s Uphold wallet. The company says the beneficiary needs no prior crypto knowledge. Uphold Vault itself launched in December 2023, pairing self-custody with built-in key replacement and instant access to trading.
Pricing and the estate-planning gap Vault Inheritance costs $19.99 a month. Existing Vault customers will see the new plan reflected after December 31, 2026, while U.S. users get a free 30-day trial. “Crypto has become a real part of how people build their financial future, but unlike traditional assets, there are few ways to pass it on securely — especially for XRP holders,” said Nancy Beaton, Uphold’s president of consumer.
A growing self-custody trend The launch lands months after Kresus introduced its own crypto inheritance service for self-custody users in July, a sign that wallet providers are moving to close the estate-planning hole as crypto matures into a long-term holding. Analysts have long warned that billions of dollars in crypto could vanish into dead wallets, and inheritance features are one of the first product-level answers to that risk.
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A new $28 price target for XRP has gained momentum on social media after two well-known cryptocurrency analysts, Digital Asset Investor and The Modern Investor, aligned on the possibility of a major rally for the asset. In a recently shared video, the two commentators discussed their bullish expectations for the upcoming crypto market cycle.
The Modern Investor’s bold outlookIn the video, The Modern Investor presents his personal projections with notable confidence. He indicated that these figures reflect his own views and believes this bull market cycle could drive significant price movements for major cryptocurrencies.
The Modern Investor began by discussing Bitcoin, stating that he sees the leading cryptocurrency reaching $500,000 within the current bull run. Shifting focus to XRP, he projected that the token may reach $28 over the same period.
Both targets, The Modern Investor clarified, are based on the duration of the ongoing bullish phase in the crypto market. He expects Bitcoin’s rise to play out over several years, attributing XRP’s surge to the same cycle length.
The Modern Investor maintains that he sees Bitcoin at $500,000 and XRP at $28 within one market cycle, emphasizing these as his own calculations and expressing confidence in his projections.
These forecasted numbers provide long-term holders with potential milestones to monitor as the broader bull run progresses.
Supporting voices and institutional targetsFollowing the video, Digital Asset Investor responded by stating that The Modern Investor “could be very right.” He suggested that a $28 XRP target aligns with his own expectations and would not be a surprising outcome if the bull run continues as anticipated. For many XRP holders, this figure has become a reference point during the ongoing market cycle.
Industry sentiment for XRP remains divided; however, the convergence of opinions among leading analysts adds weight to the narrative around this price level.
Institutional outlooks have also contributed to this debate. Standard Chartered, a major global bank, previously set a $28 price target for XRP by 2030, echoing the optimistic forecasts currently circulating among crypto commentators.
Standard Chartered’s $28 projection for XRP by 2030 reinforces the possibility of significant growth for the token in the coming years, a view supported by analysts observing the ongoing market cycle.
Community response and meme token trendsThe surge in attention around the $28 target has sparked lively discussions across the cryptocurrency community. While some users contend that such a level would not be sufficient for a true bull run, others find the projections overly ambitious or even dismissive of market risks. Some participants have questioned the expertise of those making these predictions, with a few calling for less speculation and more transparency around analyst methodologies.
Alongside established assets like XRP, meme tokens have continued drawing traders eager for rapid gains. Technical market watching is increasingly important in this area, with investors closely tracking not just price levels but also timing and token selection. In the meme token category, trends can turn into substantial dollar amounts within days.
Recent data from Fomo App reported that an initial $99 investment in “Niu Lai”—a trending meme token—grew to approximately $370,000, underscoring the speculative power of these communities. Fomo App offers a single platform for token discovery and trading, including social feeds, investor rankings, and trade alerts, helping market watchers follow both token launches and investor activity.
As XRP’s price targets remain under debate, emerging segments in the crypto sector continue to offer volatile opportunities and serve as reminders of the importance of research and discipline within the market.
Of the $225 million Evernorth lists as private placement cash, $214 million was spent in late 2025 on XRP bought at an average of $2.54.
Evernorth’s merger with Armada Acquisition Corp. II won shareholder approval on Wednesday, putting its 473 million XRP treasury on course for a Nasdaq listing.
The vote passed with about 20.5 million shares in favor and 1.4 million against, according to Armada II’s filing on Thursday. It came five weeks after the SEC declared Evernorth’s registration statement effective on August 27.
Evernorth expects the deal to close on October 7. The company’s shares should start trading the next day under XRPN, the ticker the SPAC already uses.
Over $1 Billion Raised The firm said the deal and its private placements have raised more than $1 billion, the total it first put on the merger in October 2025. Investors contributed part of that total as XRP, which the release does not value in dollars.
Evernorth’s release puts about $300 million of the total in gross cash. Private placements supply $225 million of that cash. Another $30 million comes from convertible notes the company agreed to sell in September.
Advance funding investors provided $214 million of the private placement money, according to the proxy statement. Evernorth spent it in late 2025 on 84.4 million XRP, at an average of $2.54 per token. Those tokens are already part of its holdings.
The SPAC’s trust adds about $48 million of cash. That trust held about $241.9 million on the August 20 record date. Public shareholders could redeem their shares from the trust at an estimated $10.52 each until September 28. Neither Thursday’s release nor the vote filing says how many shareholders did.
You may also like: Major Ripple (XRP) Partnership Targeting Brazil’s $22 Trillion Financial Market Infrastructure A Huge Week Is Coming for XRP as Evernorth Nears Crucial Nasdaq Vote XRP and DOGE Are Deep in the Red: Could That Be a Bullish Signal? RippleWorks supplied the largest block of Evernorth’s XRP, 211.3 million tokens, by investing them in the SPAC’s sponsor, Arrington XRP Capital Fund. The sponsor must exchange those tokens for Evernorth shares at closing. It has agreed to vote the shares as RippleWorks directs. Ripple co-founder and Executive Chairman Chris Larsen co-founded RippleWorks and sits on its board.
Ripple itself contributed 126.8 million XRP when the merger agreement was signed. A further 50 million comes from the Larsen Lam Children’s Remainder Trust.
Books Carry XRP Below Cost Evernorth Holdings’ financial statements in the proxy put the cost of 346.3 million of its XRP at $846.6 million. By June 30, 2026, the company carried those tokens at $348.8 million. It recorded impairment charges of $233.7 million in 2025 and $264.1 million in the first half of 2026.
Evernorth books XRP at cost and writes it down to the lowest intraday price seen since it acquired each lot. The written-down value is not adjusted upward when the price recovers.
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Evernorth is entering the final stage of a merger that will create the largest XRP treasury on the public market. Next Thursday, October 8, the company will begin trading on Nasdaq under the ticker XRPN, offering investors direct exposure to the popular token through a publicly traded company structure.
The main regulatory and corporate hurdle has been cleared: on September 30, 2026, shareholders of SPAC Armada Acquisition Corp. II officially approved the business combination. The approval was confirmed the following day by Evernorth CEO Ashish Birla, a former Ripple executive.
Deal closing timeline:
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October 7: Legal completion of the merger between Evernorth and Armada II.October 8: Nasdaq trading opens and shares of XRPN begin trading.Many treasuries are built to sit still. Ours is intended to be actively managed. Shareholders have now backed that vision.
This content is for informational purposes only and does not constitute investment advice. This content may contain forward-looking statements that involve… https://t.co/4450oTe34Z
— Asheesh Birla | CEO at Evernorth (@ashgoblue) October 1, 2026 Documents filed with the SEC reveal the new issuer's substantial financial foundation. Evernorth is heading for its listing with approximately 473 million XRP on its balance sheet. This automatically makes it the world's largest "pure-play" XRP treasury among publicly traded companies.
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The total value of the transaction, including private placements, exceeded $1 billion, while the SPAC merger itself brought in around $300 million in fresh cash. The deal is further bolstered by a group of anchor investors that includes industry heavyweights Ripple, SBI Group, Pantera Capital, Arrington Capital, Kraken, and GSR.
A MicroStrategy equivalent for XRP. What is the company's plan?Instead of copying the model of traditional spot ETFs, which are required to hold coins passively, Evernorth is betting on active management.
"Many treasuries are built to sit still. Ours is intended to be actively managed. Shareholders have now backed that vision," Evernorth CEO Ashish Birla said.
The company's strategy is to put 473 million XRP to work across the XRP Ledger ecosystem. By using DeFi protocols and arbitrage in capital markets, management plans to steadily increase the amount of XRP held per XRPN share.
In effect, the stock market is getting a MicroStrategy (now Strategy) equivalent for the XRP ecosystem, with the official launch of a new asset class on Nasdaq set for next Thursday.
The XRP Ripple RLUSD stablecoin has reached roughly $2.4Bn in market capitalization, with stablecoins gaining another source of dollar liquidity for digital-asset markets.
In a September 30 update, Ripple senior vice president of stablecoins Jack McDonald said RLUSD had grown more than 50% in a month and that average daily activity had more than tripled since the start of the year.
The $RLUSD monthly independent attestation for August is now live! And your quick rundown of the latest…
1/ $RLUSD continues to climb, reaching ~$2.4B in market cap, up more than 50% in a month. What’s more exciting… average daily activity has more than tripled since the start…
— Jack McDonald (@_JackMcDonald_) September 30, 2026
Ripple’s transparency dashboard listed $2.409Bn in circulating tokens against $2.5315Bn in reserve funds as of September 24. The figures show the scale of the dollar-linked token, but its expanding supply does not by itself establish higher demand for XRP or a higher XRP price.
RLUSD’s growth also comes with distribution across the Ethereum network and the XRP Ledger (XRPL), Ripple’s public network for transferring assets. The expansion may add liquidity and more settlement activity across those networks, while the investment case for XRP remains distinct from the stablecoin’s dollar-pegged function.
What do the RLUSD Reserve Figures Show?
(RWA.xyz)
The September 24 dashboard snapshot records circulating RLUSD and reserve funds at different amounts, with reserves about $122.5M above circulation. That comparison is specific to that date; it should not be merged with the separate August attestation, which covers earlier snapshots.
For August 31, the independent attestation recorded 2,325,969,308 outstanding tokens and reserve assets valued at $2,446,312,864, roughly $120.3M above the token amount. The examination, dated September 29, covered August 17 and August 31. Ripple’s transparency dashboard publishes monthly reserve reports, giving readers dated figures rather than a single undifferentiated balance.
RLUSD is designed to track the U.S. dollar. Reserve backing and redemption mechanisms help support that target: in practical terms, reserves provide assets intended to support tokens in circulation and their exchange for dollars.
What Does the Growth of RLUSD Mean for XRP Ripple? Ripple issues RLUSD through its subsidiary, Standard Custody & Trust Company, regulated by the New York State Department of Financial Services. RLUSD’s backing is separate from the issuer’s property, protecting the assets supporting the tokens.
As of September, RLUSD had a market cap of approximately $2.4Bn, with around $1.37Bn on Ethereum and $1.05Bn on the XRP Ledger. This expansion lets businesses use digital dollars for invoicing and settlements without relying on unstable cryptocurrencies.
In its first week on Spark’s Stablecoin FX Layer on Uniswap v4, RLUSD/USDS processed over $600M. The updated XRP Ledger AI Starter Kit allows AI agents to make one-time payments using XRP or RLUSD. While this boosts liquidity and usage, it doesn’t guarantee increased demand or value for XRP, as RLUSD is designed to maintain a dollar value, distinct from XRP’s fluctuating market price.
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Edo Farina, founder of Alpha Lions Academy and a long-time XRP advocate, has pushed back against veteran trader Peter Brandt’s latest criticism of the token. In comments to Coinpedia, Farina said Brandt is judging XRP as a payment currency when holders see it as a scarce asset at the core of financial infrastructure.
What Brandt said
Brandt has repeatedly targeted XRP and its community. He described the token’s backers as cult-like and called XRP a “fool coin.” He accepted that XRP can move money cheaply but questioned whether that makes the token valuable, pointing to its large supply. In the same period, Brandt has projected an XRP move to $5.40.
“That’s not the XRP thesis”
Farina said Brandt’s core argument is that being useful for payments does not make an asset rise in value. “But that’s not the XRP thesis,” he said.
In his view, people who hold XRP own part of the protocol that moves value, rather than just using a service. He contrasted this with cross-border banking, which relies on correspondent banks, prefunded accounts, several ledgers and layers of fees. “Basically, the banks control the rails,” Farina said.
He described XRP as a neutral bridge asset that does not favour any single currency, country or institution. “That neutrality isn’t merely a feature of XRP, but the foundation of its entire value proposition,” he said.
Supply cap at the centre of the dispute
Farina’s sharpest objection was to what he called Brandt’s comparison of XRP with the US dollar. The Federal Reserve can expand the dollar supply through monetary policy. XRP’s total supply is capped at 100 billion tokens, and a small amount is permanently burned as a fee on every transaction.
“If usage of XRP for settlement increases, the protocol cannot simply create another 100 billion XRP to accommodate that demand,” Farina said. He argued that as more banks and payment firms need liquidity, rising demand will meet a supply that cannot grow. “This is why comparing XRP to the U.S. dollar is outrageous,” he added.
Charts versus fundamentals
Farina also pointed to what he sees as a contradiction in Brandt’s position. Brandt dismisses XRP’s fundamentals, he said, yet his own chart work points to a price of $5.40.
“Arbitrary lines drawn by a random person on a chart are very different from fundamentals,” Farina said. He added that he does not buy XRP hoping someone will pay more for it later. “Protocol ownership matters more than any TA. Peter Brandt doesn’t understand the XRP Liquidity Model,” he said.
Story Ends Here
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A company holding one of the largest corporate treasuries of XRP is set to enter the public markets after shareholders of Armada Acquisition Corp. II approved their merger with Evernorth, a digital asset-focused firm.
Nasdaq listing and transaction detailsEvernorth shares will begin trading on Nasdaq under the ticker XRPN starting October 8. This step follows the expected closing of the business combination deal on October 7, as confirmed in the company’s latest shareholder vote announcement.
More than $1 billion in funding commitments have been secured for the transaction and related private placements. Upon closing, the move is projected to result in approximately $300 million in gross cash proceeds.
At that time, Evernorth intends to hold about 473 million XRP in its treasury. This volume positions Evernorth among the largest public-market entities specializing in XRP reserves.
Public CompanyXRP HoldingsMarket ListingEvernorth473 million XRPNasdaq (XRPN)Other Companies (average)Significantly lowerVariousStrategic approach to XRPRather than directly listing XRP on Nasdaq, the arrangement grants investors exposure to a company deeply involved in holding and strategically deploying XRP assets. Evernorth plans to engage in activities beyond simply accumulating the token, such as providing XRP liquidity, lending, and supporting broader ecosystem growth. The company aims to increase its underlying value per share by actively managing these activities over time.
Evernorth expects to actively manage its XRP holdings through liquidity provision, lending, and ecosystem initiatives, aiming to drive growth in XRP per share for its investors.
Structure of the deal and market impactThe initial transaction price was based on XRP’s value at around $2.36. However, because XRP has since traded well below that level, Evernorth updated the deal structure to better reflect the token’s market value closer to the closing date. This adjustment means fewer shares could be issued if XRP’s price falls, increasing each share’s proportional claim on the treasury’s assets.
This approach distinguishes Evernorth from a spot XRP ETF, which primarily offers passive exposure that tracks XRP’s price. While an ETF reflects market movements directly, Evernorth’s model allows management decisions to influence returns, potentially affecting future performance based on how well the XRP holdings are deployed and grown.
The selection of this structure is a key element of Evernorth’s commitment to maximizing value for shareholders. By linking the share issuance to current market conditions, the company seeks to improve transparency and alignment between the token’s actual worth and shareholder entitlements.
Additional financial resourcesIn addition to the primary treasury, Evernorth may further expand its holdings after the merger closes, as it has access to a $30 million convertible note earmarked for additional XRP purchases.
With these developments, Evernorth is set to become a significant player in the public crypto investment landscape, particularly for those seeking managed exposure to XRP rather than traditional ETF-style products.
Mini dictionary: Armada Acquisition Corp. II is a special purpose acquisition company (SPAC) used to help private firms like Evernorth go public by merging with them, offering an alternative to a traditional IPO.
XRP remains confined within a narrowing trading range, drawing attention from crypto traders searching for clear breakout signals. Crypto analyst Ali Martinez identified a decisive price point, stating that an hourly close above $1.54 could confirm a significant move.
Key breakout level identifiedAccording to Martinez, XRP’s hourly chart is forming a symmetrical triangle pattern, with the $1.54 mark acting as the crucial resistance level. At the time of his analysis, XRP traded near $1.51, less than 2% below the key threshold. Martinez suggested that surpassing this line with an hourly close could spark a rally toward $1.70, implying a potential gain of approximately 10%.
He outlined his expectations for XRP’s next movement on social media, sharing a chart that highlights the importance of this price zone.
XRP’s current pattern, a symmetrical triangle on the hourly chart, could trigger a 10% rally toward $1.70 if the token achieves an hourly close above $1.54.
Chart dynamics and support levelsThe current triangle has a descending upper trendline starting just above $1.60. Each price rebound in recent sessions has formed a slightly lower peak, with the most recent at $1.55 and $1.535. Meanwhile, the rising lower trendline begins near $1.40, with previous short-term lows recorded at $1.46, $1.47, and $1.48, suggesting persistent buyer support at increasingly higher levels.
These converging lines meet at about $1.50, creating a tightening range set for resolution. The $1.54 resistance sits close to this critical zone, increasing its importance for technical traders monitoring an imminent breakout.
Potential scenario and the importance of market monitoringMartinez mapped a scenario in which XRP initially retests the lower boundary around $1.50 before rebounding to break $1.54. He illustrated the possibility of a slight pullback after the breakout, with price action then advancing toward $1.68. The last time XRP reached that level was in late August, and the analyst’s $1.70 target aligns with the range of previous highs, making it a logical area to watch if momentum builds.
Alongside these technical setups, the pace and direction of trading in quickly evolving markets like meme tokens have fascinated observers for their explosive potential. In the meme token segment, internet-driven narratives can transform a modest investment into a substantial sum within days. Fomo App reported a notable instance where an early $99 investment in “Niu Lai” ballooned to approximately $370,000, emphasizing the weight of not just timing and price action but also investor choices. Fomo App offers a unified platform featuring token discovery, social feeds, investor rankings, and trading notifications, allowing users to trace both price trends and the activity patterns of influential participants in the meme token space.
Outlook and upcoming sessionsFor traders focused on XRP, the $1.54 level remains the principal point of interest. An hourly candlestick close above this threshold would reinforce Martinez’s bullish projection. The rising support band, now at $1.48 to $1.49, gives further reference for those planning risk management.
The symmetrical triangle pattern is expected to resolve soon, with its apex projected for early October. This leaves a limited timeframe for a decisive move, sharpening the focus on near-term price action and technical signals.
As pressures mount with converging trendlines, hourly closes above $1.54 could mark a significant shift that aligns with rebound patterns observed on the XRP chart.
Traders and market analysts continue to monitor these developments closely, as upcoming sessions may provide clearer evidence of price direction once the key resistance level faces a test.
XRP just witnessed a massive supply event today with 1 billion tokens being unlocked from Ripple’s escrow. However, analyst CrediBULL Crypto remains confident that XRP price will experience one of the best rallies of the current cycle. Even though the analyst is advising that the token might return to $1.25, it could go as high as $20-$30, he claims. Meanwhile, new data on the accumulation and exchange-flow has fueled the discussion on how the market might consume the newly-minted supply.
Ripple Unlocks 1 Billion XRP As Analyst Eyes $20-$30 For XRP Price Ripple dumped the 1 billion XRP in four transactions that were written on the XRP Ledger. The releases were executed in different transactions of of 100 million, 300 million, 400 million and 200 million XRP.
The unlock is occurring as there is a low time frame consolidation range in play for XRP price. CrediBULL Crypto indicated that XRP is continuing to trade in a LTF range and that it may be able to move back further towards $1.25 before the next significant upward price trajectory.
$XRP is gonna have one of the greatest runs of the cycle, even greater than $ETH in terms of ROI off the lows imo.
While it’s still stuck in a LTF range and not quite ready for that next major leg yet imo, when it comes time for it it will be epic.
Just spot and chill on it… https://t.co/GlSa1dtDhg
— CrediBULL Crypto (@CredibleCrypto) October 1, 2026
That is a short-term threat but his longer-term sentiment is far more positive. “$XRP is gonna have one of the greatest runs of the cycle, even greater than $ETH in terms of ROI off the lows imo,” the analyst wrote.
He later clarified his price expectations, saying, “Im personally expecting $20-$30, but $15 is a good start.”
Moreover, CrediBULL Crypto also linked his XRP price prediction with the possible growth of the crypto industry as a whole.
Total market capitalization of the crypto industry could “realistically hit 10B+” by the end of the cycle, he said. He likened this to the U.S. stocks, which are worth around $80 trillion, global stocks, valued at over $150 trillion, and gold, valued at around $35 trillion.
He said that $5-$10 trillion could be added to the crypto market in the current cycle. The analyst also added that ETH even surpassed a value of $500 billion in the year of 2021 and XRP managed to flip ETH during the 2017/2018 cycle. If ETH is going to be at $1 trillion, he thinks that XRP price won’t be far behind in reaching the trillion valuation league.
Despite The Massive Unlock, Exchange Outflows Surge. Ripple’s unlock coincides with heavy outflows from the exchanges, which could be positive for the market. As seen on the chart, the amount of daily outflows with transactions of over 1 million XRP has reached its peak of 320 million XRP.
Among these, Binance was the largest with the biggest volume of reported withdrawals, followed by Coinbase, Upbit, Bitget and Bybit.
Accumulation signals for $XRP are becoming increasingly pronounced on short-term charts.
Accumulation has been consistently taking place since last week.
Accumulation occurs whenever an opportunity arises. $XRP is building upside potential. pic.twitter.com/8ySKJQdX1U
— CW (@CW8900) October 1, 2026
On the four-hour chart on Coinbase, CW pointed out another bullish signal for XRP price. For context, the price of XRP hovered around $1.49 in the range of approximately $1.47-$1.57. RSI is just under 44.9 and the accumulation indicator has a max 100 score.
CW wrote, “The accumulation score stands at 100, reflecting the strongest possible level. It is gathering energy for the next rally.
A buy wall by $XRP whales exists at $1.4575.
On the other hand, there are 4 sell walls until $1.7. pic.twitter.com/4mwsUtpgr1
— CW (@CW8900) October 1, 2026
The major issue now is if these XRP inflows and outflows of accumulation and exchange can counterbalance the instant supply impact of Ripple’s 1 billion XRP unlock.
Austin Hilton, a prominent cryptocurrency analyst, described new US inflation data as encouraging for $XRP investors, emphasizing that the development extends beyond the token’s current price movement. The release of the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred measure of inflation, showed a reading of 3.4%, which came in lower than the anticipated 3.7%.
Inflation data cools, benefiting risk assetsThe PCE figure significantly surprised analysts and market watchers who had expected elevated inflation, especially amid sharply rising fuel costs. Diesel is a key factor in the cost of goods across global transportation networks, while petroleum is essential to manufacturing and plastics production. These persistent pressures did not translate into higher consumer inflation.
The latest PCE reading surprised observers expecting continued inflation due to increasing fuel prices and underlying supply chain costs. Despite those concerns, consumer-level inflation eased, offering a clear signal that the environment for risk assets such as crypto may be improving.
Hilton highlighted that the data could reduce the urgency for the Federal Reserve to increase its base interest rate at its upcoming meeting. Higher US interest rates tend to divert capital away from riskier assets, including cryptocurrencies. If the Fed decides to hold rates steady, some pressure could be lifted from the crypto market.
Hilton also noted a distinction between the PCE reading, which tracks consumer spending, and the Producer Price Index, which examines manufacturer costs. He emphasized that because the Fed closely monitors consumer inflation to determine rate policy, this dataset holds outsized influence.
Market trends and investor sentimentAt the time of Hilton’s video update, $XRP had slipped 3% over the previous 24 hours but retained gains of over 10% for the past month. He pointed to notable appreciation in recent weeks, with $XRP enjoying steady upward momentum over a 45-day period.
The overall cryptocurrency market cap stood at $2.88 trillion, having risen 0.6% during the session. Major tokens displayed mixed performance, with Ethereum declining 1% and Bitcoin trading near flat levels.
Hilton stated that a major breakout will likely bring heightened activity from retail investors, particularly if the total market capitalization continues its climb towards $3.8 trillion and $4 trillion. Sustained upward price action is expected to attract a new wave of interest within the sector.
Hilton described the current conditions as a developing, mid- to long-term catalyst instead of an immediate trigger for price movement in $XRP. He suggested that, while the inflation report has yet to materialize in price appreciation, macroeconomic trends are becoming increasingly favorable for digital assets as the rate environment softens.
Shifts in meme token dynamicsAlongside broader market activity, rapid cycles in the meme token space continue to draw attention. When monitoring trend momentum and the timing of investor entries, cases such as an early $99 trade in “Niu Lai” that ballooned to nearly $370,000 exemplify the explosive nature of this sector. Industry observers note that understanding not only token prices but also investor behavior is essential for navigating these fast-moving markets.
Platforms like Fomo App integrate tools for token discovery, trading, social feeds, investor rankings, and actionable trade notifications in a unified setting. This represents a development for those interested in following meme token trends and real-time investor activity.
Hilton concluded that macroeconomic surprises like the PCE reading serve as potential early signals of broader change favoring crypto markets, though direct implications for prices may take time to unfold for $XRP holders.
In brief Evernorth cleared its final hurdle to go public after Armada Acquisition Corp. II shareholders approved their merger Sept. 30. The transaction and related placements raised over $1 billion for what the company calls the largest publicly traded pure-play XRP treasury. Backed by Ripple, Pantera, Kraken and others, it joins the crypto-treasury trend, with fortunes tied to XRP's volatile price. Evernorth, a treasury company built around XRP, has cleared the last major obstacle to going public, with shareholders approving its merger and setting the stage for a Nasdaq listing next week.
The company said Wednesday that shareholders of Armada Acquisition Corp. II, the blank-check company Evernorth is merging with, voted to approve the business combination at a meeting Sept. 30.
Myriad: Where does XRP go next? Click to make your prediction.The deal is expected to close Oct. 7, with Evernorth's Class A common stock slated to begin trading Oct. 8 under the ticker "XRPN."
The merger and related fundraising have pulled in more than $1 billion. The transaction is expected to generate roughly $300 million in gross cash proceeds, including $225 million from private placements, $30 million in convertible note financing and about $48 million in trust proceeds, before expenses.
Investors also contributed XRP directly, and at closing Evernorth expects to hold about 473 million XRP, which it says would make it the “largest publicly traded pure-play” XRP treasury company. The firm said 100% of its committed funders are participating.
"Going public will offer investors a regulated, transparent way to own XRP exposure and participate in the growth of the blockchain economy," said Asheesh Birla, Evernorth's founder and CEO.
Evernorth is backed by a roster of crypto heavyweights, including Ripple, Pantera Capital, Kraken, SBI Group, GSR, and Arrington Capital. The company first unveiled its plan to go public around a $685 million XRP stash, part of a Ripple-backed effort to raise $1 billion to accumulate the token. It cleared SEC review when its registration statement took effect in late August.
The listing adds XRP to the booming digital-asset treasury trend, in which public companies raise capital to stockpile a single crypto asset and tie their share price to it, a model pioneered by Michael Saylor's Strategy with Bitcoin.
Evernorth said it intends to grow its XRP per share over time through yield strategies, ecosystem participation and capital-markets activity.
The structure carries the familiar risk of the category: the company's fortunes will track XRP's price, which can swing sharply in either direction.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Evernorth cleared its final hurdle to go public after Armada Acquisition Corp. II shareholders approved their merger Sept. 30. The transaction and related placements raised over $1 billion for what the company calls the largest publicly traded pure-play XRP treasury. Backed by Ripple, Pantera, Kraken and others, it joins the crypto-treasury trend, with fortunes tied to XRP's volatile price. Evernorth, a treasury company built around XRP, has cleared the last major obstacle to going public, with shareholders approving its merger and setting the stage for a Nasdaq listing next week.
The company said Wednesday that shareholders of Armada Acquisition Corp. II, the blank-check company Evernorth is merging with, voted to approve the business combination at a meeting Sept. 30.
Myriad: Where does XRP go next? Click to make your prediction.The deal is expected to close Oct. 7, with Evernorth's Class A common stock slated to begin trading Oct. 8 under the ticker "XRPN."
The merger and related fundraising have pulled in more than $1 billion. The transaction is expected to generate roughly $300 million in gross cash proceeds, including $225 million from private placements, $30 million in convertible note financing and about $48 million in trust proceeds, before expenses.
Investors also contributed XRP directly, and at closing Evernorth expects to hold about 473 million XRP, which it says would make it the “largest publicly traded pure-play” XRP treasury company. The firm said 100% of its committed funders are participating.
"Going public will offer investors a regulated, transparent way to own XRP exposure and participate in the growth of the blockchain economy," said Asheesh Birla, Evernorth's founder and CEO.
Evernorth is backed by a roster of crypto heavyweights, including Ripple, Pantera Capital, Kraken, SBI Group, GSR, and Arrington Capital. The company first unveiled its plan to go public around a $685 million XRP stash, part of a Ripple-backed effort to raise $1 billion to accumulate the token. It cleared SEC review when its registration statement took effect in late August.
The listing adds XRP to the booming digital-asset treasury trend, in which public companies raise capital to stockpile a single crypto asset and tie their share price to it, a model pioneered by Michael Saylor's Strategy with Bitcoin.
Evernorth said it intends to grow its XRP per share over time through yield strategies, ecosystem participation and capital-markets activity.
The structure carries the familiar risk of the category: the company's fortunes will track XRP's price, which can swing sharply in either direction.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Crypto analyst Dark Defender has released a new forecast for XRP, projecting a significant price surge with a $36 target. Sharing a weekly chart on X, Dark Defender indicated that XRP traded at $1.5374 at the time of his analysis, placing the target substantially above current prices.
XRP completes major correction phaseAccording to Dark Defender, XRP has completed an extended corrective phase and may be positioned for its most substantial rally yet. He referenced his prior analysis from August 2024, where he identified the Wave 1 top for XRP at $3.3939. This prediction materialized months later as XRP’s price climbed sharply between November 2024 and January 2025, recording a move that lifted the asset more than 500%.
The analyst identified a subsequent high at $3.6606 in July, which established a new all-time high for XRP. The chart marks this advance as Wave 1 in a broader Elliott Wave pattern.
On August 3, 2024, we calculated the Wave 1 top at $3.3939. It printed. Wave 3 is next, targeting $36. Volume is building the same way it did before Wave 1. The bell for XRP rings at Nasdaq soon.
Technical structure and price retracementFollowing the Wave 1 rally, XRP underwent a significant decline labeled as Wave 2, which was subdivided into five parts. The decline from the $3.6606 high to a low near $1 represented a retracement of over 70%. The chart maps a yellow trendline downward from early 2025, with the final leg of the correction completing at wave (5).
The price subsequently broke above a secondary, shorter trendline, signaled by a green circle on the chart. This breakout is situated next to a cloud band whose upper edge, near $2.10, serves as the next important resistance level for XRP.
Volume patterns and upward prospectsDark Defender observed that volume is building in a similar way to the period preceding the Wave 1 rally. The chart highlights two green circles in the volume panel: the first corresponds to low volume in late 2024 followed by a jump to around 800 million, while the second represents current trading activity, with recent green bars and a volume of 9.81 million. The analyst expressed the expectation that this pattern could lead to another significant upward move, mirroring historical behavior.
Alongside monitoring traditional technical signals such as trendline breaks and volume spikes, some investors track new trends and trading strategies across the meme token sector. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data shared by Fomo App, a trade involving “Niu Lai”—which turned an initial $99 investment into approximately $370,000—stands out as a striking example of this activity. In this market, tracking not only prices but also the timing and token choices of investors is crucial. Fomo App brings token discovery and trading together on a single platform, featuring social feeds, investor rankings, and trade notifications. Discover Fomo App to follow the world of meme tokens alongside investor activity.
XRP upside targets and Fibonacci extensionsThe analysis identifies two potential targets for XRP using Fibonacci extension levels. The 361.80% level is positioned at $18.2275, while the 423.60% extension points to $36.7676. The projected Wave 3 advance, illustrated by a green arrow from the wave (5) low to the upper target, anticipates a considerable upward movement for XRP if the pattern repeats.
Wave 3 is next, targeting $36. This scenario would deliver a gain exceeding 2,200% from the recent lows, reflecting a high level of optimism among XRP supporters for an extended rally. The bell for XRP rings at Nasdaq soon, underscoring expectations surrounding the asset’s next market cycle.
Disclaimer: This report is intended to inform and does not constitute financial advice. Market participants should conduct their own research before making investment decisions.
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.
There is now overwhelming bearishness among XRP traders despite the fact that the token recently experienced a substantial rally.
Santiment data shows that XRP recently logged its lowest reading of positive-to-negative comments in roughly a month. The ratio now stands at 0.67.
Apart from X, Santiment also tracks negative comments across Telegram, Reddit, and other cryptocurrency communities. Pessimism is currently dominating the XRP conversation.
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Just like the XRP price, XRP sentiment tends to experience significant volatility, and this has been the case over the past several months. Recently, there were brief bursts of enthusiasm that coincided with the September rally. At the beginning of October, however, XRP sentiment plunged toward the bottom of its recent range.
As reported by U.Today, some XRP investors are dismayed by the fact that the token price remains stagnant despite the XRP Ledger recently scoring a huge institutional adoption win. Some commentators can't wrap their heads around the fact that these major developments seemingly remain unnoticed by market participants.
Ethereum sentiment also takes a hit Ethereum's bullish-to-bearish comment ratio has dropped to 0.89. According to Santiment, this is the weakest reading since June 7, but the situation is not as dire as in the case of XRP.
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With that being said, it should once again be noted that such readings can change quickly.
A potential opportunitySantiment claims that such negative sentiment can be treated as a contrarian signal (but with some caution).
The reasoning is fairly straightforward: given that social media is full of traders expecting another drop. A substantial portion of those who wanted to sell may already have done so. Hence, there is a potential for a move in the opposite direction.
Still, extreme bearishness can become even more extreme (and even more extreme). Price can also continue falling, and pessimism might become even more pronounced.
Ripple unlocked 1 billion XRP held in escrow accounts at the start of October. The transaction, worth approximately $1.49 billion, was carried out in four separate transfers. According to on-chain data, the unlocked amounts were recorded as 400 million, 300 million, 200 million, and 100 million XRP.
This process is part of Ripple’s monthly escrow system, designed to manage the XRP supply in a predictable manner. It doesn’t mean all of the 1 billion XRP that was unlocked has been sent to exchanges or sold on the market. Ripple typically locks a significant portion of unused tokens back into escrow accounts.
The actual supply pressure that may occur on XRP will depend on the net amount released after Ripple relocks its tokens.
In recent months, similar transactions have been closely monitored by the market, and it has been observed that the short-term price impact stems not only from the key opening but also from subsequent transfers to exchanges.
Following this development, the price of XRP saw a 2% drop today.
*This is not investment advice.
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Evernorth is set to become a publicly traded XRP treasury company after shareholders of blank-check firm Armada Acquisition Corp. II approved their proposed business combination.
The deal is expected to close on Oct. 7, with shares of the combined company set to begin trading on Nasdaq under the ticker XRPN the following day, subject to remaining closing conditions.
The vote clears a key hurdle after Evernorth filed its Form S-4 registration statement with the US Securities and Exchange Commission in March. The registration statement was declared effective in August, leaving shareholder approval as one of the remaining steps before the Nasdaq listing.
At closing, Evernorth expects to hold about 473 million XRP, which it says would make it the largest publicly traded pure-play XRP treasury company.
According to Thursday’s announcement, the transaction is expected to raise about $300 million in gross cash proceeds, including $225 million from related private placements, $30 million in convertible note financing and roughly $48 million from Armada II’s trust. Investors have also contributed XRP directly to the transaction.
XRP was trading at about $1.50 at the time of publication, according to CoinGecko data, putting Evernorth’s expected 473 million-token treasury at roughly $710 million.
Related: Ether, XRP ETF inflow streaks end as Bitcoin funds rebound. Source: Evernorth’s investors include Ripple, Kraken, Pantera Capital, SBI Group, Arrington Capital and GSR. It plans to grow its XRP holdings per share through yield strategies, participation in the XRP ecosystem and capital markets activities.
Crypto treasury SPACs face market headwindsEvernorth’s planned Nasdaq debut comes as other crypto companies have pursued SPAC mergers to reach US public markets, with markedly different outcomes this year.
Tokenization firm Securitize began trading on the New York Stock Exchange in July after completing its merger with Cantor Equity Partners II, while CoinShares made its Nasdaq debut in April following a $1.2 billion merger with Vine Hill Capital Investment Corp.
However, crypto treasury companies have faced setbacks. Ether Machine scrapped its planned merger with Dynamix in April, citing unfavorable market conditions and ending plans to launch a $1.5 billion yield-bearing Ether fund through the deal.
In July, Adam Back’s Bitcoin Standard Treasury Company and Cantor Equity Partners I also scrapped the original terms of their proposed merger and postponed a shareholder vote indefinitely while negotiating a deal that would “better reflect market conditions.”
Magazine: Stablecoins can drain from banks and nations at lightning speed
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Evernorth is set to become a publicly traded XRP treasury company after shareholders of blank-check firm Armada Acquisition Corp. II approved their proposed business combination.
The deal is expected to close on Oct. 7, with shares of the combined company set to begin trading on Nasdaq under the ticker XRPN the following day, subject to remaining closing conditions.
The vote clears a key hurdle after Evernorth filed its Form S-4 registration statement with the US Securities and Exchange Commission in March. The registration statement was declared effective in August, leaving shareholder approval as one of the remaining steps before the Nasdaq listing.
At closing, Evernorth expects to hold about 473 million XRP, which it says would make it the largest publicly traded pure-play XRP treasury company.
According to Thursday’s announcement, the transaction is expected to raise about $300 million in gross cash proceeds, including $225 million from related private placements, $30 million in convertible note financing and roughly $48 million from Armada II’s trust. Investors have also contributed XRP directly to the transaction.
XRP was trading at about $1.50 at the time of publication, according to CoinGecko data, putting Evernorth’s expected 473 million-token treasury at roughly $710 million.
Related: Ether, XRP ETF inflow streaks end as Bitcoin funds rebound. Source: Evernorth’s investors include Ripple, Kraken, Pantera Capital, SBI Group, Arrington Capital and GSR. It plans to grow its XRP holdings per share through yield strategies, participation in the XRP ecosystem and capital markets activities.
Crypto treasury SPACs face market headwindsEvernorth’s planned Nasdaq debut comes as other crypto companies have pursued SPAC mergers to reach US public markets, with markedly different outcomes this year.
Tokenization firm Securitize began trading on the New York Stock Exchange in July after completing its merger with Cantor Equity Partners II, while CoinShares made its Nasdaq debut in April following a $1.2 billion merger with Vine Hill Capital Investment Corp.
However, crypto treasury companies have faced setbacks. Ether Machine scrapped its planned merger with Dynamix in April, citing unfavorable market conditions and ending plans to launch a $1.5 billion yield-bearing Ether fund through the deal.
In July, Adam Back’s Bitcoin Standard Treasury Company and Cantor Equity Partners I also scrapped the original terms of their proposed merger and postponed a shareholder vote indefinitely while negotiating a deal that would “better reflect market conditions.”
Magazine: Stablecoins can drain from banks and nations at lightning speed
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Robinhood Stock traded near $113.24 on October 1 as investors assessed unemployment claims and softer inflation.
Bitcoin price stood around $83,975, while Ethereum (ETH) traded near $2,700 and XRP price hovered at $1.49. The economic combination could support risk appetite, although stronger employment also complicates expectations for lower interest rates.
U.S. Initial Jobless Claims came in LOWER than expected this week. Initial unemployment claims totaled 197,000 for the week ended September 26, according to the Labor Department. That result undershot the 201,000 forecast reported by Bloomingbit, reinforcing evidence that layoffs remain limited.
The previous reading was revised from 197,000 to 198,000, making the latest result a modest weekly decline. The four-week average fell to 200,000, offering a steadier indication of labor conditions than one weekly reading.
JOBS DATA: 🇺🇸U.S. initial jobless claims hit 197K vs. 201K expected, unchanged from the prior week.
The combination of resilient employment and cooler inflation keeps the soft-landing narrative alive.
A potentially favorable macro setup for risk assets 📈 https://t.co/vnso6lMbVL pic.twitter.com/GGgYo1slze
— CryptosRus (@CryptosR_Us) October 1, 2026
Continuing claims declined by 11,000 to 1.701 million, pointing to fewer people receiving benefits beyond their first week.
However, low claims measure limited layoffs and cannot establish that employers are accelerating recruitment across the economy. The separate September payroll report is scheduled for October 2 and will provide broader evidence on hiring.
Softer Inflation Shapes Robinhood Stock Rate Outlook Wednesday’s inflation release showed annual core PCE inflation at 3.0%, with the monthly measure increasing 0.2%. Headline PCE inflation reached 3.4%, leaving overall price pressures above the Federal Reserve’s 2% target.
These figures may reduce pressure for additional tightening, but they do not establish an immediate shift toward rate cuts.
In September, policymakers hiked their benchmark rate to 3.75%–4.00%, so expectations for an easing anytime soon proved to be misplaced. Investor confidence and trading activity in equities, options, and cryptocurrencies are the potential draws for Robinhood Stock.
Higher cryptocurrency prices would help sentiment, and revenue would require customers to up their trading volumes. The link to business performance remains conditional, with customer engagement requiring confirmation from future company disclosures
Lower rates could eventually encourage trading, although they could also reduce earnings from interest-bearing customer balances.
Robinhood’s latest quarterly results showed that lower short-term rates partially offset growth in its interest-earning assets. The company reported $100 million in second-quarter cryptocurrency revenue, down 38% from a year earlier.
Robinhood Stock Prediction: Will HOOD Reach $114? The next technical challenge encountered by Robinhood Stock is the $113.60-$113.70 zone in the provided intraday analysis. The recurring closes over this level would enhance the argument over 114.00, an estimated round-number objective.
Robinhood Stock Maintaining the upside structure would require holding $113.00, with the next material pivot being $112.50 for HOOD stock. A loss of that pivot would put the $112.00 in perspective, and then the surrounding low, which is at $111.50.
