Bitcoin continues to trade in a narrow range as October rate hike odds plummeted to 30%.
Notable Statistics:
Coinglass data shows 70,853 traders were liquidated in the past 24 hours for $193.49 million. SoSoValue data shows net outflows of $148.7 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $59.6 million. In the past 24 hours, top gainers Bitway, Stacks and Midnight. Notable Developments:
Is Bitcoin the Best Bet for Q4? An ‘Epic Run’ May Be Ahead, Expert SaysAre Rising Yields Bearish for Bitcoin? Don’t Jump to Conclusions, Mark Moss SaysBitcoin to $113,000? Citi Turns Bullish as Bitwise Says Crypto Got ‘the Good End Of the Deal’Bitcoin Whales Dump $2.52B, ETH Whales Buy $162M: What About XRP?Why This Analyst Says XRP Could Have ‘One of the Greatest Runs of the Cycle’Jack Dorsey Says ‘Turn It on’ as Block’s Cash App Introduces ‘Bitcoin Bonus’ Feature — What You Should KnowRobinhood Partners With Cboe on New Earnings Contracts: What’s Going On?Trader Notes:
Analyst Benjamin Cowen admits in a podcast that he did not expect Bitcoin to break above the $83,000 level but says holding the former high as support would make this cycle look very different from the typical Q4 weakness seen in midterm years.
Cowen highlighted an unusual relationship between Bitcoin and long-term Treasury yields since 2025. Since 2025, BTC has often performed relatively well while long-term yields rise.
Read Next
Rather than weakening as yields rise, Bitcoin has recently tended to struggle when yields begin falling amid growing concerns about economic growth.
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Leading Protocol by Capital on the XRP Ledger@Doppler_fi has established itself as the largest protocol by total value locked (TVL) on the XRP Ledger. According to onchain data, the protocol has crossed $130 million in TVL since its mainnet launch roughly 18 months ago, drawing capital from more than 14,000 individual depositors. Independent data from DefiLlama confirms the scale of its position:
$XDP Token Hits Major ExchangesAlongside its TVL growth, @Doppler_fi launched its native $XDP token on September 28, 2026, expanding its secondary market reach across several major venues simultaneously.
On the Binance Alpha front,
The multi-exchange debut signals a deliberate push to widen distribution and deepen liquidity for the protocol's native asset as its on-chain footprint on the XRP Ledger continues to grow.
Sources:
DefiLlama: Doppler Finance TVL and Protocol Data
Bitcoinist: OKX Opens Spot and 20x Perpetual Trading for Doppler Finance Token
Messari: Understanding Doppler Finance
Bitcoin, Ethereum and XRP hold below resistance as NEAR rebounds and Quant consolidates. Explore technical levels and price scenarios for October 1, 2026.
Bitcoin, Ethereum and XRP opened October with modest rolling 24-hour gains, while NEAR Protocol outperformed the group and Quant remained nearly unchanged. The completed daily charts showed different conditions: Bitcoin remained inside its recent consolidation, Ethereum and XRP stayed below nearby resistance, and NEAR recovered much of its latest pullback.
Quant and NEAR join today’s coverage because both appeared in CoinGecko’s search-trending list and ranked inside its top 100 by market capitalization. NEAR ranked 21st and Quant 32nd in the market snapshot. A trending-search listing measures attention and is distinct from a ranking of price gainers.
Asset Price 24-hour change Aggregate 24-hour volume Bitcoin $83,728 +0.49% $35.33 billion Ethereum $2,695.47 +0.86% $13.92 billion XRP $1.50 +0.46% $2.88 billion Quant $297.20 Approximately unchanged $772.29 million NEAR Protocol $5.39 +10.48% $1.51 billion Bitcoin Fails to Hold Above the Previous Resistance Zone Bitcoin closed September 30 at $83,578, down 0.07% from $83,640 a day earlier. The session reached $85,518, temporarily exceeding the $85,210 upper resistance boundary identified in the previous report, before ending back below it. That intraday move did not become a confirmed daily breakout.
The latest high expands immediate resistance to approximately $85,210–$85,520. A completed daily close above $85,520, followed by a hold of the reclaimed area, would strengthen the case for another test of the September highs around $87,250–$87,330.
Support remains near $82,580–$82,950, encompassing the September 28 and September 30 lows. Beneath it, the rising 20-day simple moving average stood near $81,302. A daily close below $82,580 would weaken the range and bring that average into focus.
Four-hour MACD, using 12,26,9 settings, remained mixed as the candle closed at 00:00 UTC. The MACD line was approximately -88.63, above its -116.44 signal line but still below zero. Its positive histogram narrowed from 34.24 to 27.81, indicating that the latest improvement relative to the signal line was losing pace.
Bitcoin combines a rising 20-day SMA with mixed four-hour MACD readings. Source: CoinGecko; chart by The Crypto Basic. Ethereum Holds Above Its 20-Day Average but Below $2,743 Ethereum closed September 30 at $2,684.57, gaining 0.27%. Its $2,736.98 session high remained below the approximately $2,743 resistance level highlighted in the previous report.
Daily Bollinger Bands, calculated using a 20-day simple moving average and two standard deviations, had a midpoint near $2,610.17 and an upper band near $2,833.57. ETH price closed above the midpoint and inside the bands, with nearby horizontal resistance still separating price from the higher band.
Fibonacci retracements of the advance from September 15’s $2,361.16 low to September 21’s $2,804.42 high place the 23.6% level near $2,699.81 and the 38.2% level near $2,635.09. The latter closely matches the recent support floor around $2,635.
A daily close above $2,743 would put the $2,787–$2,804 highs back in view. Only a further break of that area would support an extension toward the upper Bollinger Band, whose value changes with subsequent closes.
Conversely, a close below $2,635 would weaken the consolidation and expose the 20-day average near $2,610, followed by the 50% retracement near $2,583.
Ethereum’s Fibonacci retracements place a support reference near $2,635, above its Bollinger midpoint. Source: CoinGecko; chart by The Crypto Basic. XRP’s $1.45–$1.47 Support Remains in Focus XRP finished September 30 near $1.49 after reaching approximately $1.54. The close remained near the preceding session’s level and below the $1.53–$1.56 resistance band identified in the previous report.
The 20-day simple moving average rose to about $1.44. Fibonacci retracements of the advance from the September 16 low of $1.25 to the September 23 high of $1.66 provide additional reference points: approximately $1.50 at 38.2%, $1.46 at 50%, and $1.41 at 61.8%.
The 50% retracement falls within the established $1.45–$1.47 support area, while the moving average sits just beneath it. A completed close below this support band would weaken the current structure; a further loss of the average would bring the $1.41 retracement into focus.
On the upside, reclaiming $1.50 would be an initial improvement, but a close above $1.56 would be needed to clear the broader resistance band and nearby 23.6% retracement. Holding that reclaimed area would support a retest of $1.61–$1.66. A return below $1.53 after a breakout would weaken that recovery scenario.
XRP’s 50% retracement lies around $1.46, close to established support and the rising 20-day SMA. Source: CoinGecko; chart by The Crypto Basic. Quant’s Daily Recovery Meets Softer Four-Hour Momentum Quant closed September 30 at $286.87, up 7.36% from $267.20. The session climbed to $326.12 before retreating into the close. Its nearly flat rolling 24-hour return at the later snapshot measures a different window from that completed daily gain.
Fibonacci retracements of the rebound from September 28’s $196.87 low to September 30’s $326.12 high place the 23.6% level at $295.62, the 38.2% level at $276.75 and the 50% level at $261.50. The daily close sat between the first two levels, although the subsequent spot quote was back above $295.62.
The latest completed four-hour MACD line fell below its signal line, with the histogram turning from +0.32 to -1.28. Both lines remained above zero, distinguishing the loss of momentum relative to the signal from a move below the MACD baseline.
A daily reclaim of $295.62 would support another attempt at $318.36–$326.12. A confirmed break above $326.12 would reopen the September 27 high near $358.20. Failure to hold $276.75 would instead expose the September 30 low of $263.45 and nearby $261.50 retracement.
Quant’s rebound faces a negative four-hour MACD histogram, with Fibonacci references at $295.62, $276.75 and $261.50. Source: CoinGecko; chart by The Crypto Basic. NEAR Recovers Toward Its September High NEAR closed September 30 at $5.34, up 9.20% from $4.89. The session high of $5.49 remained below September 27’s $5.57 peak, so the rebound had not yet produced a confirmed breakout above the recent high.
Four-hour MACD showed improving momentum at the common chart cutoff. Its line stood near 0.109, above the 0.078 signal line, while the positive histogram increased from approximately 0.026 to 0.031. Unlike Bitcoin, both NEAR readings were above zero.
The $5.16–$5.19 area, containing earlier daily highs, is the first area to watch for a successful support retest. Holding above it would preserve the rebound toward $5.49–$5.57. A return below $5.16 would weaken the recovery, with the September 30 low at $4.84 and September 29 low at $4.55 providing lower reference points.
For a conditional upside scenario, two-point Fibonacci extensions of the recovery from September 29’s $4.55 low to September 30’s $5.49 high stand near $5.75 at 1.272 and $6.07 at 1.618. Those levels become relevant if NEAR first closes above $5.57 and holds the breakout area; they are projected extensions, not confirmed price destinations.
NEAR approaches $5.49–$5.57 resistance with improving four-hour momentum. Fibonacci extensions remain conditional on a breakout. Source: CoinGecko; chart by The Crypto Basic.
Flare co-founder Hugo Philion says the market’s reaction to XRP’s latest news makes no sense. XRP fell on the day CSD BR, one of Brazil’s core securities depositories, said it would bring assets onto the XRP Ledger.
“It doesn’t make sense”
Philion said that XRP is not “his” coin. Even so, he called it “lunacy” that the token dropped right after news he described as potentially transformative. He added that Flare’s FLR token sometimes gets the same lacklustre response.
What the Brazil deal involves
According to Ripple’s Luke Judges, this is the first time the XRP Ledger is publicly being built into financial market infrastructure of this size. CSD BR is one of two entities approved by Brazil’s securities regulator, the CVM, to run clearing, settlement and depository services. It holds more than BRL 22 trillion in registered assets.
The program starts with BTG Pactual fund shares, with plans to bring large parts of Brazil’s fixed-income market onto the XRPL. Judges said the first issuance could put about $15 billion of “represented” market value on the ledger under a digital twin model. He hopes it will happen before the end of the year but warned of possible technical delays. The XRPL currently holds about $6.3 billion in total assets, he said.
Hype fatigue
Some replies on X offered a different explanation. Years of predictions that XRP would hit $1,000, they said, have left investors tired of the coin. They argued that every partnership gets called “game changing” and that the XRP token is not used in most of the projects people promote.
Bill Morgan: “Buy more”
Lawyer Bill Morgan pointed out that the market has also ignored the Evernorth merger approval vote. He called it “an irrational response from the most irrational market in human history” and said his response is to buy more XRP.
Story Ends Here
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Flare CEO Hugo Philion has expressed confusion over XRP’s stagnant price following a major institutional integration involving the XRP Ledger. Philion characterized the market reaction as unwarranted, as XRP’s value slipped despite what he described as a potentially transformative announcement for the network.
Institutional integration with CSD BRRipple, a San Francisco-based blockchain payments company, has partnered with CSD BR, a regulated financial-market infrastructure provider in Brazil. This agreement will see CSD BR begin integrating the XRP Ledger (XRPL) into its core systems. The initial stage of the project focuses on digitizing investment fund shares from BTG Pactual, recognized as one of the largest investment banks in Latin America.
Ripple executives noted the partnership’s initial impact centers on the creation of digital representations of fund shares on XRPL. However, they also emphasized the potential for broader use cases beyond this first phase.
Ripple executive Luke Judges suggested this integration could add up to $15 billion in “represented” market capitalization on the XRP Ledger during its first asset issuance. Judges explained this does not equate to a $15 billion inflow into XRP itself; rather, it represents the total value of assets digitized using XRPL’s infrastructure.
Expect the first issuance under this program to deliver around $15 billion of ‘represented’ market capitalization on XRPL as it’s a digital twin model for now, Judges stated.
Judges aims to see this asset issuance take place before the end of 2026, although he cautioned that timeline adjustments might occur if technical or operational challenges arise.
He also highlighted that XRPL is currently the only blockchain in use within CSD BR’s technology ecosystem.
Today, XRPL is the only blockchain in the stack, Judges explained.
Mini dictionary: CSD BR, or Central de Serviços de Registro e Depósito, is a regulated financial-market infrastructure provider in Brazil, specializing in the custody and registration of investment securities.
XRP price reaction and market sentimentDespite the scale of the integration, XRP’s price has shown minimal reaction. According to CoinGecko data, XRP is currently trading at about $1.51 and has remained nearly unchanged over the past seven days.
Philion, who heads Flare Networks, remarked that both XRP and Flare’s own FLR token sometimes see similarly muted market responses following announcements that he regards as major developments.
Observers remain uncertain as to why such significant infrastructure news has failed to move the price of XRP, especially when the initiative could eventually involve billions of dollars in digitized assets supported by the XRP Ledger.
Crypto analyst Egrag Crypto has identified a crucial technical event for XRP, noting that the digital asset’s two-month Relative Strength Index (RSI) has moved above 53 for only the fourth time in its history. This rare crossover, observed on one of XRP’s longest timeframes, has previously accompanied significant periods of price expansion.
Long-term RSI signals rare momentum shift for XRPEgrag Crypto, a well-followed digital asset analyst, turned the spotlight on XRP’s two-month RSI, emphasizing that this indicator now stands above the green line at approximately 53. According to the analyst, XRP has reached or surpassed this level only in 2017, 2021, 2024/25, and the present cycle.
Highlighting the importance of the timeframe, the analyst described the two-month RSI signal as particularly robust compared to those on shorter charts. The indicator, which measures momentum by tracking shifts in buying and selling pressure, can offer insights into more sustained trends than daily or four-hour readings.
“This isn’t a 4H chart. This isn’t daily noise. This is the 2-month time frame,” Egrag Crypto stated, underscoring the historical context and infrequency of such signals in XRP’s trading history.
Since XRP’s inception, the two-month RSI has climbed above 53 on only four occasions, each time preceding notable periods of increased price activity.
Mini dictionary: Relative Strength Index (RSI), a technical analysis indicator measuring the speed and change of price movements. An RSI above 70 is considered overbought, while below 30 is seen as oversold. Longer timeframes, such as the two-month RSI, offer a broad perspective on trends and reduce short-term noise.
RSI 80 stands as next technical thresholdEgrag Crypto identified RSI 80 as the next significant resistance zone. Previous moves above the mid-50s region on the two-month RSI were followed by rallies toward this higher level, signifying a steep increase in long-term market momentum.
Sustained momentum would require consistent and strong buying pressure, something historically rare for XRP. The relative infrequency of these crossovers has led some analysts to consider them more meaningful than short-term movements often observed in daily trading.
YearRSI Crossover Above 53Subsequent RSI Peak2017Yes~802021Yes~802024/25YesTo be determined2026 (current)YesTo be determinedTrader reactions and community perspectiveThe analysis sparked conversation within the XRP trading community, with some traders referencing potential price targets discussed by Egrag Crypto in the past.
Vapours4u, another market participant, voiced hope for notable gains, mentioning higher target prices such as $27. In contrast, KingPinXRP pointed to the technical analysis itself, highlighting that the data should be evaluated on its own.
One trader noted that while ambitious price forecasts motivate discussions, attention should remain on objective technical trends rather than speculation.
The comments reflect ongoing debate among XRP traders about the relevance of long-term indicators and how they can guide market expectations.
Focus shifts to broader trends and long-term outlookEgrag Crypto’s approach draws a clear distinction between short-term volatility and multi-month momentum. While charts on lower timeframes can produce regular, sometimes misleading, signals, the two-month RSI requires more considerable movement to generate each reading, offering a different perspective on price dynamics.
At this stage, the two-month RSI crossover does not guarantee a specific future price for XRP. It does, however, provide context on where the asset stands within its historical cycle and why the current situation is receiving increased analysis by technical traders.
Whether XRP can replicate previous momentum surges remains to be seen, but the rare crossover has placed the asset’s longer-term trend back in focus for analysts and market participants.
XRP traded near $1.49 on Thursday, even as the XRP Ledger marked a significant milestone within Brazil’s financial infrastructure. The development reflects an ongoing disconnect between institutional adoption headlines and actual price performance for the token.
Brazil’s largest asset registrar moves to XRPLCSD BR, Brazil’s central securities depository and registrar, manages over 22 trillion reais (approximately $4 trillion) in registered assets. This week, CSD BR began recording ownership of selected BTG Pactual investment funds on the XRP Ledger.
However, the $4 trillion in assets itself remains within CSD BR’s traditional systems. Only specific fund records, rather than the entirety of the depository’s assets, are being mirrored to the blockchain. CSD BR continues to maintain its internal database as the legal record for asset registration, custody, and settlement.
Participating financial institutions are able to cross-check the blockchain record with CSD BR’s systems, which may improve operational efficiency and reduce reconciliation requirements while maintaining compliance with regulatory standards.
Veteran trader Peter Brandt commented this week that significant adoption does not always equate to immediate increases in value for a token.
Just because a project becomes transactional does not automatically mean its token will become more valuable, he cautioned.
ETF inflows continue, but price lagsInstitutional demand for regulated XRP exposure has accelerated in recent days. US spot XRP exchange-traded funds recorded $3.96 million in net inflows on Monday, following $22.65 million on Friday, according to Cointelegraph, highlighting sustained interest from investors.
Analyst James Seyffart of Bloomberg Intelligence has previously described these ETF flows as “surprisingly resilient,” given the token’s inability to sustain rallies despite growing investment product demand.
The strong inflows to XRP ETFs point to ongoing institutional interest, even as the price struggles to reflect this demand.
XRP climbed to an intraday peak of $1.6556 on September 23, but subsequently pulled back to around $1.49, a drop of nearly 10% from recent highs. The token continues to trade in a tight range, as investors look for signs that new adoption will translate into upward price movement.
Macro headwinds pressure price actionThe broader macroeconomic environment has weighed on speculative digital assets like XRP. US Treasury yields have climbed above 5.30%, reaching their highest levels in 24 years. This has made government bonds more attractive, drawing capital away from risk assets.
Vetle Lunde, an analyst at K33 Research, stated that elevated yields have prompted investors to move away from risk, even as recent CPI data has reduced the likelihood of an immediate Federal Reserve rate increase.
On a structural level, adoption of the XRP Ledger by major institutions does not necessarily trigger direct purchases of XRP tokens. Cyclically, any incremental demand is offset by broader market forces rewarding income-generating assets over speculative positions.
XRP has repeatedly failed to hold above resistance in the $1.55–$1.60 area, while investors remain active in defending support between $1.45 and $1.50.
In these conditions, monitoring real-time charts and crucial support and resistance levels is essential for market participants. In a market environment where a Federal Reserve policy shift or an unexpected altcoin listing can rapidly shift sentiment, the cost of managing separate apps for portfolio tracking, charting, and news is increasing. Many traders are now turning to all-in-one solutions like CryptoAppsy, which provide real-time charting, macro data, smart alerts, and coin-specific news without requiring account creation, helping them respond faster to volatile market changes.
XRP has held near $1.50 on Oct. 1 after Ripple unlocked 1 billion XRP worth roughly $1.49 billion, while ETF inflows and new XRP Ledger adoption have yet to push the token through the 1.54-1.56 resistance area.
Summary
XRP trades near $1.49 after Ripple unlocked one billion tokens from escrow on October 1. U.S. spot XRP ETFs attracted $121.4 million during September while XRP remained below $1.50 resistance. CSD BR began mirroring BTG Pactual fund records on XRPL while retaining official ownership records. XRPL’s LendingProtocolV1_1 amendment adds closed-ended vaults and cash-basis accounting but still requires sustained validator consensus. XRP’s RSI remains above 50, while its Aroon Oscillator stays positive as momentum weakens slightly. CoinGecko shows XRP trading around 1.48-1.50 at the latest reading, with the token moving between approximately $1.48 and $1.54 during the past 24 hours and carrying a market capitalization above $93 billion.
The latest price leaves XRP near the middle of a short-term range that has formed after its September rebound. Buyers have repeatedly defended the 1.46-1.48 area, while attempts to move through 1.54-1.60 have struggled to hold.
XRP price faces fresh supply after Ripple unlock Onchain Lens reported that Ripple released 1 billion XRP from programmed escrow contracts shortly after 00:00 UTC on Oct. 1. The tokens were unlocked through four transactions involving 400 million, 300 million, 200 million and 100 million XRP.
RIPPLE UNLOCKS 1 BILLION XRP
Ripple has now unlocked a total of 1B ripple:native (~$1.49B) from escrow across four transactions:
All four unlocks were executed within minutes. pic.twitter.com/HJ9yHAPJhb
— Onchain Lens (@OnchainLens) October 1, 2026 Whale Alert independently recorded the 300 million XRP transaction at 00:00:02 UTC, valuing the tranche at approximately $446.6 million when XRP traded near $1.49. XRP Ledger tracking data had previously identified four Ripple escrows totaling 1 billion XRP as eligible for release on Oct. 1.
An escrow release does not mean all 1 billion tokens are being sold. Ripple has historically returned part of its monthly allocation to new escrow contracts, while the remainder can stay in company-controlled wallets or be used for business purposes.
The distinction was examined in crypto.news coverage of Ripple’s September 1 billion XRP unlock, when onchain data showed the release but could not establish how much would eventually reach public trading venues.
Before the October transaction, XRP was already struggling to maintain moves above $1.50. The fresh unlock therefore creates another supply event for traders to monitor, but there is no verified evidence that the entire $1.49 billion notional value has entered exchanges for sale.
ETF demand has not pushed XRP through resistance Institutional demand has continued through U.S. spot XRP exchange-traded funds. SoSoValue data shows that the products attracted $121.4 million during September, with cumulative inflows since launch reaching roughly $1.79 billion.
Source: SoSoValue XRP had dropped from its Sept. 23 high near $1.66 to around $1.49, reducing the market value of tokens already held by the funds.
Earlier crypto.news analysis of XRP’s ETF demand and $1.55 resistance found that the funds received $75.59 million during the week ending Sept. 25, taking cumulative inflows to around $1.79 billion while XRP continued testing the same resistance region.
Price action has therefore remained muted compared with the size of reported fund inflows. ETF purchases represent one source of demand, while exchange selling, derivatives positioning, Ripple distributions and activity from existing holders can affect the other side of the market.
Flare co-founder Hugo Philion questioned XRP’s limited reaction after another institutional development involving Brazil, calling the drop following the announcement “lunacy.” His comment is an opinion about the market reaction and does not establish that the Brazilian project should increase demand for XRP.
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. https://t.co/VhguqepdCw
— Hugo Philion (@HugoPhilion) September 30, 2026 Brazil deal puts XRPL inside regulated market infrastructure Ripple announced on Sept. 29 that CSD BR had started using the XRP Ledger as an additional record and audit layer for Brazilian financial assets, beginning with investment fund shares from BTG Pactual.
CSD BR operates registration, depository and settlement infrastructure containing more than BRL 22 trillion in registered assets. Under the first phase, BTG Pactual fund shares are tokenized using XRPL’s Multi-Purpose Token standard and mirrored onto the public ledger. CSD BR’s existing systems remain the official source for ownership, registration and settlement.
The project therefore does not put BRL 22 trillion into XRP or represent direct purchases of the token. Ripple’s release describes XRPL as a complementary record layer that authorized participants can use to check the consistency of CSD BR’s records.
As crypto.news reported on CSD BR’s XRP Ledger integration, the first deployment involves a live regulated environment instead of a controlled proof of concept. Future phases could expand into native issuance and trading of assets such as Brazilian real estate and agribusiness receivables.
CSD BR said current processes remain unchanged during the mirroring stage while the firm evaluates the technology under live operating conditions. Ripple’s release says later stages remain dependent on successful validation of the initial phase.
XRPL lending vote adds another network catalyst XRP Ledger developers are simultaneously advancing native lending infrastructure. The XRP Ledger Foundation released version 3.4.0 in September with LendingProtocolV1_1, which extends proposed lending and vault functionality with closed-ended vaults and cash-basis accounting.
BREAKING: XRP Ledger opens validator voting on the LendingProtocolV1_1 amendment, adding closed ended vaults and cash basis accounting. It must activate before the LendingProtocol and SingleAssetVault amendments can proceed.@Ripple pic.twitter.com/4aS6Zv7AN0
— MSB Intel (@MSBIntel) October 1, 2026 Ripple’s technical documentation explains that closed-ended vaults move through subscription, investment and redemption periods. Cash-basis accounting would recognize interest as borrowers make payments instead of recognizing all scheduled interest when a loan originates.
Mainnet lending is not active yet. The base LendingProtocol and SingleAssetVault amendments remain in validator voting and need sustained network consensus before activation.
Recent crypto.news coverage of XRP Ledger 3.4.0 similarly noted that LendingProtocolV1_1 does not become available simply because the software has been released. Validator approval remains a separate requirement.
The proposed system uses offchain underwriting to evaluate borrowers while recording fixed-term loans and pooled vault assets directly through XRPL protocol features. Activation would therefore create new ledger functionality, but it does not guarantee additional demand for XRP.
The supplied daily chart shows XRP’s 14-period RSI at 55.70, down from its moving average of 59.27. RSI remains above the neutral 50 line but has cooled from levels reached during the September advance.
XRP price chart, source: TradingView The Aroon Oscillator remains positive at approximately 42.86. Combined with XRP’s sideways trading around $1.50, the reading points to an upward component remaining in the recent trend while momentum has lost strength.
Analyst Ali Martinez identified $1.54 as the immediate breakout level from a symmetrical triangle forming on the hourly chart. Martinez said an hourly close above $1.54 would confirm his breakout scenario, which projects a possible move of roughly 10% toward $1.70. The $1.70 level is his technical target, not a confirmed price outcome.
EGRAG Crypto presented a longer-term scenario in which XRP remains in a macro retest after an earlier breakout. The analyst identified $1.64 as the first higher level and said a weekly reclaim above $1.92 would provide stronger confirmation for his structure. EGRAG acknowledged that XRP could form another low, a higher low or continue moving sideways.
#XRP – BREAKOUT DONE. RETEST IN PROGRESS. ⏳
Every analyst has an approach. Mine is simple:
CYCLE → BREAKOUT → STRUCTURE → RETEST.
On the macro #XRP chart, the BREAKOUT already happened.
▫️Now? WE ARE RETESTING.
▫️Could #XRP make another low? Yes.
▫️Higher low? Yes.… pic.twitter.com/XK9F5UOnGP
— EGRAG CRYPTO (@egragcrypto) September 30, 2026 For the shorter time frame, 1.54-1.56 remains the first resistance area. A sustained move through that zone would return attention to $1.60 and the September high near $1.66, while the chart places immediate support around 1.46-1.48.
A break below $1.46 would weaken the current consolidation structure and return lower support levels to focus. Holding above that area while RSI remains over 50 would keep XRP inside its existing consolidation range until buyers or sellers establish a clearer move.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP has surpassed the $1.29 level, which a German market analyst previously identified as a critical area for the token’s upward momentum. The recent move sets up a new price target and brings increased attention to the next major resistance point in the ongoing rally.
XRP targets $2.15–$2.16 as next resistance zoneXaif Crypto, a well-followed cryptocurrency commentator on X, highlighted that the German analyst now views the $2.15–$2.16 range as XRP’s next significant technical barrier. This updated outlook places a potential breakout above this level as a catalyst for further gains toward the previous all-time high.
The German analyst, who is actively covered by Xaif Crypto in posts on social media, initially pinpointed $1.29 as a key threshold for XRP. According to the analyst, crossing this first target was essential. Now, attention shifts to whether XRP can clear the $2.15–$2.16 band and build market momentum beyond it.
Xaif Crypto reported that after breaking $1.29, the German analyst believes “the next test lies in the $2.15–$2.16 zone. Above that, there appears to be little resistance until the previous all-time high near $3.55.”
No specific timeline was provided for reaching this range, but the outlook suggests that successfully overcoming $2.15–$2.16 could set the stage for a move toward historical price peaks.
Mini dictionary: Xaif Crypto is a prominent social media analyst and commentator focusing on cryptocurrency price trends, particularly through sharing technical chart analysis on X (formerly Twitter).
Price LevelStatusComment$1.29BrokenFirst resistance surpassed$2.15–$2.16Next targetMajor resistance ahead~$3.55PotentialPrevious peak, possible next stop if resistance is brokenThe new price projections have sparked discussion within the XRP community. Some market participants remain enthusiastic about the potential for a new all-time high if the upcoming resistance can be cleared, while others express fatigue with repeated technical predictions.
One community member, posting under the name XRPBROJJEDAN, questioned the focus on charts and forecasts and asked if anyone else was “tired of XRP charts and predictions.” In contrast, Altcoin Insider commented that reaching a new high would be “epic,” reflecting continued optimism among some holders.
The community’s response has been mixed, with some voicing skepticism about ongoing predictions, while others look forward to a possible breakthrough above the established resistance levels.
Xaif Crypto’s commentary emphasizes that clearing the $2.15–$2.16 range could leave the door open for rapid gains, with minimal resistance between that level and XRP’s previous high near $3.55.
Technical outlook, not financial adviceThe German analyst’s forecast is based on chart analysis rather than a guaranteed price path. XRP must still overcome each technical hurdle before approaching a fresh all-time high. The analyst’s perspective adds context to market developments as traders monitor ongoing price action.
XRP, the digital asset native to the Ripple network, remains one of the largest cryptocurrencies by market capitalization and is frequently subject to technical analysis and speculation about future price moves.
XRP traders on Binance just took some chips off the table. Open interest in XRP derivatives on the exchange has fallen 15.3% from its six-month high, according to CryptoQuant.
What the numbers show Open interest is the total value of futures and perpetual contracts still open on an exchange. When it rises, traders are piling into leveraged positions. When it falls, those positions are being closed, either by choice or by force.
Over a stretch in late September, open interest dropped 15% in dollar terms. XRP slid about 5% over the same window, moving from $1.66 to $1.57.
As of October 1, 2026, open interest on Binance XRP perpetuals stood at approximately $485 million.
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A volatile year for XRP leverage Between August 22 and September 17, 2026, Binance XRP open interest fell about 32%. That move took it from roughly $323 million down to around $219 to $220 million. XRP’s price fell roughly 11% during the same period.
Part of that contraction came from over-leveraged positions getting flushed out. As traders cut back their futures exposure, spot buying activity picked up.
The selling pressure was visible in another metric too. Cumulative volume delta, which tracks whether aggressive buyers or aggressive sellers are dominating trades, deteriorated sharply into mid-September. It reached negative $2.1 billion on spot markets and negative $1 billion on Binance perpetuals.
Open interest rebounded in September, climbing toward yearly highs near $600 million. That push broke above the 180-day average of around $445 million. It came alongside XRP price gains of more than 50% over the month.
The current 15.3% pullback is effectively the market exhaling after that run.
What this means for XRP traders The research also points to balanced funding rates and long/short ratios among larger accounts. Funding rates are the periodic payments between long and short traders on perpetual contracts, and they tilt heavily when one side gets crowded. Balanced readings suggest neither bulls nor bears are dangerously overextended.
The deeply negative cumulative volume delta readings from mid-September show sellers were firmly in control not long ago. The September rebound also demonstrated how quickly leverage can rebuild. Open interest went from the low $200 million range to near $600 million in a matter of weeks.
For anyone watching XRP, the key signals are how open interest behaves relative to price from here. Rising open interest alongside a rising price would suggest renewed conviction from leveraged buyers. Rising open interest with a flat or falling price would often point to shorts building or longs getting trapped.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
In major XRP news today, the XRP Ledger has reached a new milestone in AI agentic payments settled through the x402 protocol. The milestone came less than three months after the XRPL first cleared 1 million.
XRP Ledger Crosses 10 Million in x402 AI Payments Ripple-backed AI agentic payments trust layer platform t54 Labs on October 1 revealed that XRP Ledger has crossed 10 million in x402 payments. The major XRP news comes as AI agentic payments surged significantly in the last few days.
The XRPL AI Hub data shows about 10.9 million all-time transactions, with nearly 6,610 XRP and 9,870 RLUSD settled across 161 registered merchants. Notably, more than 600,000 x402 payments are settled on the XRP Ledger daily.
x402 AI Payments on XRP Ledger. Source: XRPL AI Hub RippleX head of engineering J. Ayo Akinyele also took to X to reach out to the community about this major XRP news. “10M+ x402 payments have now settled on the XRP Ledger, less than 3 months after hitting the 1M milestone,” he said.
He pointed out that larger volume is still dominated by AI agents paying for inference and data. However, “we’re starting to see a broader range of x402 services show up across financial data, risk, credit and other agent APIs.”
Akinyele earlier said the network could easily cross through 10 million and might reach 100 million within a couple of years. This is quickly growing as AI agents start to autonomously discover, pay for, and consume services.
Coinbase revived the x402 long-unused HTTP 402 “Payment Required” status code. A service returns a price and payment instructions, an AI agent pays on-chain and retries the request, without a checkout, stored card, or human approval. On XRPL, settlement is in XRP or RLUSD.
XRP Ledger support was contributed by t54 and shipped with Ripple’s XRPL AI Starter Kit in June. Ripple is a premier member of the Linux Foundation’s x402 Foundation, alongside Coinbase, Circle, AWS, Google, Mastercard, Stripe, and Visa.
As CoinGape reported recently, Ripple integrated XRP and RLUSD stablecoin support for AI agent payments on Stripe and Tempo’s Machine Payments Protocol. This enables AI agents to make automated payments for data, computing and other online services.
10M+ x402 payments have now settled on the XRP Ledger, less than 3 months after hitting the 1M milestone.
The volume is still dominated by AI agents paying for inference and data, but we’re starting to see a broader range of x402 services show up across financial data, risk,…
— J. Ayo Akinyele (@ja_akinyele) October 1, 2026
XRP Price amid the Major News XRP price is moving near $1.50 after facing resistance at $1.60. The 24-hour low and high are $1.48 and $1.54, respectively. Furthermore, trading volume has decreased by almost 20% over the last 24 hours, indicating a decline in interest among traders.
CoinGlass data also showed mixed sentiment in the derivatives market. The total XRP futures open interest jumped almost 1% to $3.57 billion in 24 hours. Buy-the-dip sentiment is also noted as experts are bullish on crypto market in Q4, but futures OI dropped 0.72% in the last four hours.
XRP whales have stayed neutral in the last few days. Their combined holdings have fluctuated around 3.90 billion XRP over the past week, with no significant change.
Meanwhile, analysts remain bullish on XRP price amid whale accumulation, network activity, and rise in accounts. Crypto analyst CredibleCrypto claimed XRP is going to have one of the greatest runs of the cycle, even greater than ETH in terms of ROI.
The comment came after RLUSD supply hit a new high of $2.55 billion, up nearly 90% since the start of 2026. CredibleCrypto added that XRP is “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.”
As autonomous machine economies grow, choosing the right corporate partner among the best stablecoin orchestration platforms is becoming essential for managing complex, multi-platform payment logic.
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The XRP Ledger payment volume exceeded 929 million XRP on September 29, a one-day jump of 35.1% that pushed activity well above the 30-day average of roughly 615 million. It was one of the stronger results of the last few weeks, and it came while the price of XRP was drifting lower.
Payment volumes are going downPayment volume has since slipped to 708.6 million XRP, down 23.8% over 24 hours, though it remains above the updated 30-day average of 624.2 million. The all-time high of 7 billion XRP still sits far out of reach, and the yearly chart shows that spikes above 1.5 billion have appeared only a handful of times, most recently in early September. A 929 million day is therefore solid but not extraordinary.
Source: XRP Ledger Price action has not mirrored the on-chain strength. XRP trades at $1.48, down from the $1.66 high reached in late September, and recent candles show a steady run of lower highs on fading volume. Still, the structure remains constructive. The price holds above the 200-day moving average near $1.37, which now overlaps with the 50-day average, and the earlier break above the descending trendline has not been invalidated. The RSI has settled near the midline, suggesting momentum has reset rather than broken.
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What are investors anticipating?Part of the answer is that rising payment activity is often read as a sign of genuine utility, particularly for cross-border transfers where XRP is positioned as a bridge asset. Traders appear to be waiting for confirmation that the volume surge can translate into sustained demand rather than another short-lived spike. Others are watching whether the $1.45 area, where the shorter-term average sits, holds as support.
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The key levels are clear. A defense of $1.45 to $1.37 would keep the recovery intact and keep a retest of $1.55 to $1.66 possible. A close below $1.37 would put the $1.31 zone in focus and weaken the bullish case.
For now, the ledger is showing healthy usage while the price consolidates. Whether the two converge again depends on whether payment volume can keep holding above its monthly average in the days ahead.
XRP is entering October after three consecutive months of gains, raising questions about whether the cryptocurrency can extend its recovery or face a correction based on previous market patterns.
XRP gained 2.10% in July and 29.94% in August. September was also on track to close higher, with the monthly gain estimated at between 6% and 10%.
Historical data shows that XRP price has previously declined after recording three consecutive monthly gains.
XRP Has Fallen After Previous Three-Month RalliesXRP has recorded four earlier periods of three consecutive green monthly candles. In each case, the following month ended lower.
The declines were approximately 40% in 2014, 39% in 2017, 18% in 2023 and 29.3% during the 2024-25 period.
The three months following those declines were also negative in three of the four instances. XRP fell 66% in 2014, 26% in 2017 and 27.8% in 2025. The exception came in 2023, when XRP gained about 2%.
However, the current setup is different from several of those earlier periods. The previous rallies were followed by much larger monthly price increases, while XRP’s gains in July and August 2026 have been more moderate.
This makes it unclear whether the current three-month advance represents a pause before a correction or the beginning of a larger price move.
ETF Inflows Remain a Key FactorXRP exchange-traded funds have also recorded continued inflows in recent weeks.
As per the Data 14 positive weeks out of the past 15, with weekly inflows including approximately $3.96 million, $75 million, $9.56 million and $18.98 million.
The continued inflows indicate ongoing demand for XRP investment products. Whether that demand can offset a potential seasonal or technical correction remains to be seen.
Whale Accumulation Adds to Market ActivityLarge XRP holders have also increased their holdings. whales accumulated nearly 500 million XRP over five days around September 24.
While such accumulation can indicate increased buying activity, it does not by itself establish the direction of XRP’s price.
Ripple Events Could Affect October TradingSeveral major industry events are scheduled for the coming weeks, including Korea Blockchain Week, XRP Seoul 2026, Token2049, Money20/20 and Ripple Swell.
Ripple Swell is likely to receive particular attention from XRP investors because announcements involving partnerships or business developments could affect market sentiment.
XRP Key Price LevelsXRP Price has recently traded around the $1.50 level, while $1.58 has been identified as an important level to monitor.
A move above $1.70 could strengthen the current upward trend and put the $2 level in focus. On the other hand, a decline below key support levels could increase the risk of a pullback.
Short-term technical analysis also points to an overbought reading, suggesting that XRP could see increased volatility before its next major move.
Story Ends Here
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Ripple has performed its scheduled monthly release of 1 billion XRP from escrow as October begins. Blockchain tracker Whale Alert reported four transactions that saw a total of 1 billion XRP unlocked from escrow.
The transactions are given as 400,000,000 XRP worth $595,636,565 at the time of unlock; 200,000,000 XRP worth $297,818,282; 300,000,000 XRP worth $446,727,424; and 100,000,000 XRP worth $148,909,141.
The release follows Ripple's established practice of unlocking XRP at the beginning of each month from its escrow accounts. While the headline figure is 1 billion XRP, the entire amount does not necessarily enter the circulating market.
Ripple has often returned a large portion (about 700 to 800 million XRP) of unlocked XRP to escrow, with the remainder used for operational purposes, ecosystem initiatives, and other activities.
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According to XRPScan data, the total XRP escrowed is given as 31,845,130,805 XRP (31.9% of supply), while the XRP circulating supply is given as 68,126,080,636 (68.1% of total supply of 100 billion XRP). A total of 14,394,279 XRP has been burned so far (0.014% of supply).
The next 24 hours will be watched to see how much Ripple returns to its escrow to get the exact amount of XRP left. For now, 31.845 billion XRP remains escrowed, down from over 32.4 billion XRP reported months back.
Ripple newsLendingProtocolV1_1 is open for validator voting. It introduces closed-ended vaults and cash-basis accounting for XRPL lending, and it must activate before the Lending Protocol and Single Asset Vault amendments can proceed.
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In a recent milestone, over 10 million x402 payments have now settled on the XRP Ledger, less than 3 months after hitting the 1 million milestone.
According to RippleX head of engineering JA Akinyele, the volume is still dominated by AI agents paying for inference and data, but a broader range of x402 services are beginning to show up across financial data, risk, credit, and other agent APIs. In addition, the latest 7-day run rate is now 500,000 payments per day'
In a major milestone, central securities depository CSD BR is recording securities ownership on a public blockchain for the first time—on the XRP Ledger. CSD BR is partnering with Ripple to bring Brazil's regulated capital markets onchain, starting with BTG Pactual fund shares secured by Ripple Custody.
XRP Ledger has processed more than 10 million x402 payments. The network now averages about 500,000 x402 payments daily. AI agents remain a major driver of automated payment activity. x402 supports payments using XRP and RLUSD for digital services. Ripple joined the x402 Foundation as a Premier Member to support protocol development. The XRP Ledger has passed 10 million x402 payments, less than three months after reaching its first million. RippleX head J. Ayo Akinyele said the network averages 500,000 x402 payments daily. He linked the rise to AI agents paying for online services.
XRP Ledger Records Rapid x402 Payment Growth The x402 protocol lets software send payments through HTTP requests. Coinbase launched the protocol in May 2026 using the HTTP 402 “Payment Required” code. Agents can pay for APIs, data, and digital services without accounts or manual approval.
We are excited to introduce x402–a new open source payments protocol built on HTTP rails.
Let’s break it down: pic.twitter.com/9PNI49NK7A
— Coinbase Developer Platform🛡️ (@CoinbaseDev) May 6, 2025
XRPL joined x402 through an implementation from t54. It supports XRP and RLUSD, while settlement usually finishes within seconds. The growth follows x402 adoption for AI agent payments, with networks connecting to the protocol.
AI Agents Drive Automated Payment Activity Akinyele said AI agents remain the source of most x402 activity on XRPL. These agents can locate services, pay for access, and continue tasks without waiting for manual approval.
The network crossed one million x402 payments within weeks of adding support in June. Activity rose after developers gained the XRPL AI Hub and AI Starter Kit. The kit lets agents send and receive XRP and RLUSD.
Low Fees Support Machine-to-Machine Payments XRPL charges a transaction fee near $0.0002, supporting frequent low-value payments. Payments settle within three to five seconds, giving automated systems a result before another task. Recent RLUSD growth across the XRP Ledger shows another payment asset gaining use on the network.
t54 said APIs and data services account for much of x402 activity. New services are appearing in financial data, credit, and risk tools. These uses give agents more options for buying digital resources directly.
Ripple Joins Wider x402 Standards Effort Ripple joined the Linux Foundation-backed x402 Foundation as a Premier Member. The group launched in July 2026 with 40 members from payments, cloud services, finance, and technology. Ripple can take part in technical and governance discussions around the protocol.
XRPL development continues beyond agent payments. Recent XRP Ledger upgrade activity includes work on features for linked transactions and other payment functions. For x402, the milestone shows automated payments now account for more network activity.
Akinyele previously said he expected XRPL to pass 10 million x402 payments quickly. He also said the network could reach 100 million over several years if AI agent use and supporting infrastructure continue to grow.
A recent calculation by crypto commentator Digital Asset Investor has reignited interest in long-term accumulation strategies after he demonstrated that a consistent $100 monthly investment in XRP starting in 2015 would now be valued at over $630,000.
XRP dollar-cost averaging since 2015Digital Asset Investor, known for providing cryptocurrency market commentary, shared in a video released on his social media account that an investor consistently allocating $100 into XRP every month since 2015 would have put in a total of $14,100.
He calculated that these systematic purchases over the years would have led to a portfolio amassing about 415,986 XRP. At current market prices referenced in his analysis, this holding would be worth approximately $630,000.
His calculation illustrates the potential impact of regular purchases, regardless of short-term price movements in the market. By maintaining this monthly acquisition strategy, an investor would have accumulated XRP through both bullish and bearish cycles over the years. This historical approach aims to highlight the effect of a long-term commitment to a single crypto asset without attempting to perfectly time the market.
Mini dictionary: Digital Asset Investor is a social media commentator and content creator focused on cryptocurrency markets, especially XRP, known for sharing investment analyses and perspectives on digital asset trends.
Time PeriodTotal InvestedXRP AccumulatedCurrent Value2015–2026$14,100415,986 XRP$630,000By regularly purchasing $100 worth of XRP each month from 2015, one could have turned a total investment of $14,100 into over $630,000 at today’s rates, accumulating more than 415,000 XRP through various markets.
Criticism of hypothetical scenarios and practical valueNot all reactions to the calculation were positive. A user named Jnev raised concerns about the usefulness of evaluating investment strategies starting from 2015. Jnev pointed out that such scenarios often overlook the fact that many people were not even aware of XRP, or did not have access to reliable trading platforms at that early stage. “These figures are always super inflated from the early end,” Jnev stated in response.
The commenter suggested that exercises based on long timelines could attract attention online, but questioned whether they provide practical insights for investors who only learned about XRP after its initial rise. The exchange highlighted an important distinction between backward-looking analyses and realistic decision-making, as few individuals can replicate early adopter circumstances.
Jnev argued that imagining investments from before widespread awareness of XRP may inflate expectations and offer little actionable guidance to current investors.
Debate over XRP reaching $100The discussion also reignited debate over XRP’s price trajectory. Another commenter, Athena, dismissed beliefs that XRP could rise to $100 in the foreseeable future and stated, “It’s not going to even close to 100$. I can tell you that. And you can take that to the bank.”
Digital Asset Investor’s video did not set $100 as a target price. Rather, it illustrated the hypothetical outcome of past dollar-cost averaging, strictly based on historical market data. The analysis was intended to demonstrate the difference between regular, disciplined investing and attempting to pick entry points by timing the market.
The debate underscores the ongoing discussion around expectations for XRP, one of the most widely traded digital assets, and the long-term benefits or limitations of systematic accumulation strategies.
Uphold has rolled out Vault Inheritance, which is described as a legacy-planning option for customers who keep Bitcoin, XRP, and Hedera in the platform’s assisted self-custody wallet.
The company framed the product as a response to a problem unique to crypto: legal title can pass to an heir, but the cryptographic control needed to move coins often does not.
Vault itself launched in late 2023 as a 2-of-3 multisignature wallet inside the Uphold app.
Two keys belong to the user and one belongs to Uphold.
Two signatures are required to move funds, so the firm cannot unilaterally spend customer assets, while users still get help replacing a lost key and can trade without first leaving the app.
Inheritance is now layered on that structure. A holder invites a beneficiary from the Vault dashboard.
The invitee must be at least 18 and hold an Uphold account.
That person receives no view of balances, history, or addresses while the owner is alive, and the designation can be changed at any time.
After a death, the beneficiary starts a claim in the app and submits official records such as a certified death certificate or probate order.
Uphold’s compliance team reviews the paperwork.
Only after that review does the firm co-sign a transfer of Vault holdings into the beneficiary’s own Uphold wallet.
The company says the beneficiary needs no prior crypto experience.
For XRP, the ledger’s reserve rules still apply, so a small amount of XRP must remain in the account.
Nancy Beaton, Uphold’s president of consumer, said digital assets have become part of how many people build wealth, yet few simple tools exist to pass them on securely, “especially for XRP holders.”
The firm cited widely circulated estimates that millions of bitcoin—valued in the hundreds of billions of dollars—sit in wallets that are effectively unreachable because owners died or lost keys.
Those figures mix several kinds of inaccessibility and should be treated as industry estimates rather than a precise inventory.
Even so, they capture the practical gap the product is meant to close.
Vault currently supports BTC, XRP, HBAR, and a short list of XRPL tokens, with more networks planned.
Availability follows Uphold’s existing footprint, including the United Kingdom, the European Economic Area, most US states, and other supported regions.
The design is a compromise.
Users keep day-to-day control and can still move coins independently if Uphold’s systems fail.
They also accept a paid subscription and place trust in the firm to verify claims and co-sign the final transfer.
That is different from leaving seed phrases in a will or relying on a purely self-managed wallet, where a missing phrase can lock an estate out of the funds forever.
It is also different from a conventional brokerage account, where beneficiary designations are usually free and the custodian already holds the assets.
For holders who want self-custody without treating key management as a family project, Vault Inheritance is a narrower, productized path: name one adult beneficiary, keep the coins private in life, and let a documented claim, plus Uphold’s remaining key, complete the handoff after death.
XRP Ledger payment volume recorded a sharp increase, exceeding 929 million XRP on September 29. This represented a 35.1% daily surge, putting transaction activity well beyond the 30-day average of 615 million XRP. Despite this heightened activity, the price of $XRP continued on a downward track.
Volume spike outpaces price movementFollowing the spike, payment volume moderated to 708.6 million XRP, down 23.8% over 24 hours, but still above the updated 30-day average of 624.2 million. The 929 million XRP milestone is notable by recent standards but lags far behind the all-time high of 7 billion XRP in a day. On the annual chart, only a few sessions have surpassed 1.5 billion XRP, with the most recent occurring in early September.
Despite the considerable on-chain activity, XRP’s market price has not responded in kind. The token currently trades at $1.48, lower than the recent high of $1.66 seen in late September. Chart analysis indicates a period of consolidation, with a series of lower highs and decreased trading volume. Nevertheless, XRP continues to trade above the 200-day moving average at $1.37, which now coincides with the 50-day moving average.
Technical signals, such as the intact break above a descending trendline and a relative strength index (RSI) that has settled near the midpoint, suggest the market may have stabilized but has not shifted momentum decisively.
Date / LevelXRP Payment VolumePriceSept 29929 million$1.4824-hour later708.6 millionN/A30-day average624.2 millionN/AAll time high7 billionN/ARecent peak (late Sept.)N/A$1.66Expectations and key support levelsAccording to market observers, increasing payment volume is often interpreted as an indicator of growing network utility, especially in cross-border transactions, where XRP serves as a bridge asset supporting rapid, low-cost transfers. Still, traders are focusing on whether this uptick in utility will translate into lasting market demand or if it marks another short-lived move.
Attention has turned to the $1.45 area, aligning with short-term average price levels that could act as support. Defending this zone, as well as the $1.37 region, would bolster the case for recovery and might set up a retest of resistance between $1.55 and $1.66, provided momentum improves.
Recent patterns indicate that as long as XRP holds above the $1.45 to $1.37 support range, the recovery trend remains intact, and a move up to $1.55 or $1.66 may be in play. However, a close below $1.37 would likely shift focus to $1.31 and weaken the bullish outlook.
Consolidation continues while payment activity remains strongAt this stage, the XRP Ledger continues to post robust payment metrics, even as the price consolidates. Market participants are watching closely to see whether ongoing strong payment volume can sustain or boost the token’s value.
The XRP Ledger is a decentralized public blockchain designed to facilitate fast, low-cost cross-border payments and settlements. It features a consensus protocol that enables high transaction throughput and has served as the underlying infrastructure for XRP since its inception in 2012.
Mini dictionary: XRP Ledger, a decentralized blockchain network specifically built to support XRP payments and value transfers across borders, known for its speed and low transaction fees.
The coming days are expected to test whether this heightened payment activity will continue to support a stable or advancing price, or if the market will encounter further volatility as consolidation plays out.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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The latest altcoin rally is running into a potentially serious supply problem. Exchange deposits involving altcoins surged roughly 160% in only two weeks, raising the possibility that holders are beginning to lock in profits after September's strong performance.
More pressure might ariseAccording to CryptoQuant data, the seven-day number of altcoin deposits reached approximately 78,000 transactions on September 28, compared with 29,800 on September 14. This is the highest reading since October 2025. More importantly, depositing addresses nearly tripled from 17,600 to approximately 51,600, suggesting the increase is broad rather than being caused by several large wallets.
Source: CoinMarketCapThat creates an uncomfortable backdrop for some of September's strongest performers. Near Protocol (NEAR) is trading around $5.29 after gaining approximately 21.7% over seven days, according to the supplied market data. Stellar (XLM) remains up approximately 9.9% for the week at $0.2236, while XRP trades around $1.48 after its own substantial September advance.
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Is there more to sell?The problem is that these rallies created a much larger pool of holders sitting on unrealized profits. Moving tokens onto centralized exchanges does not prove that investors will sell, but it puts those assets immediately within reach of market liquidity.
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CryptoQuant consequently interprets the surge as evidence of increasing potential sell-side pressure. There are already signs that momentum is becoming less uniform. Despite their strong weekly performances, NEAR and XLM are down approximately 2.9% and 1.5% over the latest 24-hour period, respectively, while XRP has fallen around 1.2%.
The broader environment also warrants caution. CryptoQuant data indicates that Bitcoin spot demand contracted by roughly 170,000 BTC over 30 days, while growth in speculative futures demand dropped about 90% between September 14 and September 29. Recent Bitcoin buyers were also sitting on average unrealized profits of roughly 33%.
None of this confirms that the XLM, NEAR and XRP rallies have definitively ended. But the combination of elevated prices, widespread profits and the highest altcoin exchange-deposit activity in almost a year creates substantially more distribution risk. The next test is whether market demand can absorb those deposits without breaking the support levels established during September's rally.
A sharp increase in altcoin exchange deposits is raising concerns about mounting selling pressure, as holders appear eager to capitalize on recent gains following a robust September rally across several digital assets.
Altcoin deposits hit yearly highCryptoQuant reported that the number of daily deposit transactions involving altcoins climbed to around 78,000 by September 28. This marks a substantial leap from 29,800 recorded on September 14, representing a 160% increase within two weeks and the highest deposit activity since October 2025.
The growth is widely distributed, with the number of unique depositing addresses nearly tripling from 17,600 to approximately 51,600 in the same period. This points to broad participation among investors rather than a spike led by a handful of large traders.
This expanded activity brings “the highest altcoin deposit levels in almost a year,” with CryptoQuant emphasizing the need to monitor distribution risk and support levels as market dynamics shift.
Profit-taking stirs volatility for top gainersLeading September’s altcoin rally, Near Protocol (NEAR) trades around $5.29 after advancing roughly 21.7% within a week. Stellar (XLM) maintains weekly gains near 9.9% at $0.2236. XRP, meanwhile, is valued at approximately $1.48, reflecting substantial monthly appreciation.
However, the heightened deposit activity suggests growing numbers of token holders now sit on considerable unrealized profits. Moving assets onto centralized exchanges does not guarantee immediate selling, but it places tokens closer to liquidity, increasing the risk of large-scale distribution if profit-taking accelerates.
CryptoQuant interpreted the spike as a signal of rising sell-side potential, warning that such dynamics could pressure support levels built during the recent rally.
Momentum fades as environment turns cautiousShort-term momentum for these tokens is already showing signs of fatigue. Despite weekly gains, NEAR and XLM fell by roughly 2.9% and 1.5%, respectively, in the past 24 hours. XRP also retreated by about 1.2% over the same period.
The wider crypto market is also displaying tentative signals. CryptoQuant data indicates that Bitcoin spot demand contracted by about 170,000 BTC over 30 days. At the same time, speculative futures demand growth dropped by approximately 90% between September 14 and 29. As of the latest data, recent Bitcoin buyers were holding average unrealized profits close to 33%.
While these metrics do not definitively mark the end of the rallies in assets such as XLM, NEAR, and XRP, the surge in exchange deposits signals an environment with greater potential for heightened distribution.
Given the importance of monitoring market shifts, especially after significant price increases, attention is also turning to ancillary markets where investor behavior can rapidly change sentiment. 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.
The immediate test for major altcoin holders is whether current market demand can absorb this higher supply without eroding key support zones built during September’s advance.
Robinhood unveiled Robinhood Agents at HOOD Summit 2026 in Houston. The in-app AI agents can analyze markets, build strategies, and trade on a customer’s behalf.
The product is coming soon to eligible US customers. It is Robinhood’s first in-house agent, after months of letting outside AI tools trade on its platform.
Robinhood AI Agents Build on a May LaunchRobinhood CEO Vlad Tenev presented the product as a response to how customers already trade.
“I think increasingly, customers and traders are integrating AI into their strategies… We wanted to make that easier,”
The company first opened its platform to external AI agents on May 27, according to TechCrunch. Those agents connected through the Model Context Protocol (MCP), a standard that links AI tools to outside apps.
Support began with stocks and later extended to crypto. However, agents cannot transfer, stake, or lend digital assets, as BeInCrypto noted when covering Robinhood’s Bitcoin trading costs.
How the New Agents WorkSetting up an agent takes three steps. Customers name it, open a dedicated agentic trading account, and connect an AI model.
OpenAI’s GPT-Luna model is free to use through December 31, per Robinhood’s announcement. Tenev also confirmed that users can switch off trade approvals entirely.
“By default, we have trade approvals… Now, some customers would prefer to turn that off to trade it fully autonomously in a loop. And we do enable that.”
A feature called Loops, still in development, will take that autonomy further.
OpportunityRiskAutomationStrategies can run continuously, including overnightLoops can place, modify, or cancel trades without per-trade approvalAccessRetail users get algorithmic tools once limited to professionalsCustomers bear all trading losses, and Robinhood does not monitor or audit agentsControlApprovals are on by default, and agents cannot touch the main account balanceTurning off a Loop does not reverse trades it already placedChoiceModels from several AI labs plus 11 paid Agent Apps data toolsUsers accept the risk of third-party AI providers handling their dataDemand and stability150,000+ agentic accounts since May and about 30 million tool uses a dayBank of England Deputy Governor Sarah Breeden warned that similar agents could amplify volatility in stressAgentic Trading on Robinhood, Opportunities and RisksCalls for Stricter AI Agent ControlsIndustry calls for tighter controls are growing. Dell Technologies CEO Michael Dell recently argued that AI agents need hard limits built into their design.
Research has also flagged agent misbehavior in market-style tests. One review found some Chinese AI models lied in 88% of tests during simulated tenders. Neither case involved Robinhood’s product.
Crypto Perpetuals and 24/7 Stocks Also AnnouncedRobinhood also plans US perpetual futures, which are derivatives contracts with no expiry date. They will cover Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), and Hyperliquid (HYPE).
Leverage will reach 10x on BTC and ETH and 3x on the rest. Robinhood Derivatives will offer the contracts through Bitstamp in the coming months.
Separately, some US stocks will trade 24/7 from early 2027, pending regulatory review. Robinhood has not said whether its agents will trade perpetuals.
The real test may come once Loops goes live. Unattended agents will show whether default safeguards hold up in volatile markets.
The leading cryptocurrency, Bitcoin, experienced a pullback after rising above $87,000. The decline began around the $82,000 level, and BTC is currently trading sideways around $83,000.
At this point, while the critical support level of $82,000 is being monitored in BTC in the short term, Coinshares has released its cryptocurrency report, stating that there was a $3.55 billion inflow last week.
Coinshares noted that these inflows were the largest this year and that demand was recovering after two weeks of generally stagnant flows, as investors reacted to changing macroeconomic conditions.
“Cryptocurrency investment products recorded their highest weekly inflows of the year last week, totaling $3.55 billion globally, after two weeks of sideways trading.”
Bitcoin (BTC) Topped the Charts!
Looking at crypto funds individually, inflows are concentrated in Bitcoin. BTC experienced inflows of $2.52 billion, while the largest altcoin, Ethereum, saw inflows of $702 million.
Looking at other altcoins, XRP saw inflows of $92.3 million, while Solana experienced inflows of $193 million.
CoinShares also attributed the recovery partly to the decrease in uncertainty regarding US monetary policy.
“The size and spread of weekly demand indicate that institutional investors’ confidence has returned as the policy decision removed a significant source of uncertainty.”
This situation is consistent with the “buying the truth” trend (i.e., buying when the expected development occurs) that follows weeks of cautious waiting.
With capital inflows now showing a distinctly positive trend throughout the year, this process highlights how sensitive short-term demand has become to the macroeconomic calendar.
Looking at regional fund inflows and outflows, the US ranked first with an inflow of $3.43 billion.
After the US, Germany ranked second with $73.9 million in inflows, followed by Canada and Switzerland with $21.8 million and $20.9 million respectively.
*This is not investment advice.
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Flare co-founder and CEO Hugo Philion has been befuddled by XRP’s muted price response to one of the XRP Ledger’s most significant institutional adoption announcements.
Philion argues that XRP’s price drop that came after a major integration announcement involving Brazil’s regulated financial-market infrastructure is "lunacy."
"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," Philion wrote.
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As reported by U.Today, Ripple recently secured a fresh partnership with Brazilian financial-market infrastructure provider CSD BR. The latter has started integrating the XRP Ledger into its infrastructure.
The project starts with investment fund shares from BTG Pactual, one of Latin America’s largest investment banks. However, its potential scope could extend beyond this, according to Ripple executives.
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Ripple executive Luke Judges has estimated that the program's first issuance could reach a staggering $15 billion worth of assets on the XRP Ledger. This, however, does not mean that $15 billion will be invested in XRP. The aforementioned sum is "represented" market capitalization on the XRP Ledger.
"Expect the first issuance under this program to deliver around $15 billion of 'represented' market capitalization on XRPL as it’s a digital twin model for now,” he said.
Judges said he would like to see that issuance happen before the end of 2026. However, the timeline could change, given that technical delays and other complications remain possible.
According to the Ripple executive, XRPL is notably the sole blockchain used in the CSD BR technology stack.
"Today, XRPL is the only blockchain in the stack," he said.
XRP remains stuck around $1.50XRP’s price performance has remained subdued. The cryptocurrency is currently trading at approximately $1.51, CoinGecko data shows.
The token has gone nowhere over the past week: its seven-day performance is close to flat despite the massive infrastructure development.
According to a CryptoQuant indicator that fell to its lowest level since January 2025, the amount of XRP available for trading on the Binance exchange platform is increasing. This signal increases the risk of selling pressure, however it does not prove that holders have started to massively sell their tokens.
In brief The XRP Scarcity Index on Binance falls to -0.94, its lowest level since January 2025. More XRP are becoming available for trading, increasing the risk of selling pressure. Binance’s reserves remain close to 2.6 billion XRP, well below their end of 2024 level. Deposits have sharply increased without causing a lasting accumulation of tokens on the platform. The buyer-seller ratio at 0.94 shows a slight dominance of aggressive sales on Binance. XRP becomes much less rare on Binance The Binance Scarcity Index for XRP dropped to -0.94, compared to 0.77 last July. Thus, it erased in a few months its highest level in two years. A negative value means that tokens are more easily available on the exchange compared to their historical levels.
This index does not allow immediate measurement of sales. It contributes to assessing the relative scarcity of XRP on Binance. Its drop specifies that more tokens can potentially feed sell orders if their owners decide to trade them.
Four main data points summarize this evolution :
The scarcity index fell from 0.77 to -0.94 since July ; Its current level is the lowest since January 2025 ; A negative value signals increased token availability ; The rise in tradable supply does not yet confirm effective selling. This trend contrasts with what was observed during July. At that time, the drop in reserves had reduced immediately accessible supply, which would amplify a price increase in case of demand return.
XRP reserves on Binance remain low The drop in the index does not mean that Binance holds more XRP than at the end of 2024. Indeed, the exchange’s reserves remain close to 2.6 billion tokens, compared to nearly 3.27 billion in November 2024. Thus, they have decreased by about 650 million XRP, or roughly 20%.
Such an apparent contradiction comes from the indicator’s calculation method. The Scarcity Index compares current availability to historical trends. A moderate inflow of tokens can therefore cause a strong fluctuation when the starting total stock has already significantly decreased.
Recent CryptoQuant statistics support this interpretation. Indeed, daily deposits on Binance exceeded their quarterly average by 663% during many sessions. However, reserves only changed by 0.22% compared to this same reference, to around 2.63 billion XRP.
A major part of incoming tokens seems to have quickly left the exchange or changed hands. This rotation phenomenon may correspond to arbitrage, market makers’ activity, or wallet transfers rather than a lasting accumulation on Binance.
XRP on Binance faces selling pressure Nevertheless, the significant availability of tokens creates a risk. Cryptos transferred to an exchange can be sold more easily than those kept in private wallets. If demand does not evolve at the same pace, this additional supply can limit price increases.
The second indicator reveals a moderate dominance of sellers. On Binance, the ratio between executed buys and sells is 0.94. A level below 1 means that aggressive sell orders exceed corresponding purchases.
However, this data alone is not enough to announce a correction. Sellers do not dominate with the same intensity on all platforms. Moreover, strong liquidity can facilitate the absorption of sales without triggering a significant drop, especially when buyers remain active.
Price behavior must therefore confirm the on-chain signal. A simultaneous rise in reserves, net deposits, and sell volumes could provide a stronger indication of a distribution phase.
XRP price resists around 1.49 dollars On September 30, XRP trades around 1.49 dollars, after briefly reaching 1.56 dollars during the session. Thus, the token maintains a price change of nearly 10% over one month, despite the deterioration of its scarcity index.
This resistance shows that the market is currently absorbing the available supply. It may reflect sufficient spot demand, increased trader activity, or a simple repositioning after the moves observed during the summer.
The next signal will mainly depend on the evolution of reserves. Their sustained increase could confirm that XRP accumulates on Binance and could consolidate selling pressure. Conversely, a return of the index to positive accompanied by net withdrawals could reduce immediately tradable supply.
The level of -0.94 is therefore a warning, not a price forecast. It reveals a change in the circulation of tokens on Binance, without proving by itself that a massive sale or a drop in the XRP price is impending.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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XRP price is trading near $1.51 after falling about 5% in a week, while BlackRock rumors of a spot XRP ETF resurface. The immediate tension is whether the existing funds have attracted enough demand to justify BlackRock entering as XRP tests a pivotal support area.
The near-term decision points are $1.45 on the downside and $1.55-$1.56 on the upside. That leaves the XRP price outlook dependent on price confirmation. The token remains about 59% below its $3.65 all-time high from July 2025.
Seven other U.S. spot XRP ETFs held about $1.77 billion in assets and approximately 1.18 billion XRP, or 1.9% of the circulating supply. The funds had attracted about $1.79 billion in investment after withdrawals, while contributions rose by approximately $76 million in the preceding week.
The fee math also gives BlackRock a reason to wait. At a typical 0.25% annual fee, $1.77 billion in combined assets would produce about $4.4 million in annual fees across all seven issuers, before those revenues are divided among them. A new entrant could compete by charging less, but that would further reduce the revenue available from a market that remains modest by the scale of BlackRock’s existing ETF business.
Robbie Mitchnick, BlackRock’s head of digital assets, identified client demand, market value, liquidity, maturity, and portfolio fit as considerations for a crypto ETF launch, with client demand the leading criterion. A registration statement would establish an application, but even a filed fund would not guarantee immediate XRP purchases: spot funds acquire coins as investor capital enters.
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XRP $1.50 Price Pivot Puts $1.45 and $1.56 in FocusThe supplied price snapshot places XRP around $1.49-$1.50. CoinGecko’s historical data records a UTC close of $1.49 on September 29 and $1.50 on September 28; those dated closes are reference points, not a live quote. The market is testing the area identified in the report as immediate support rather than confirming that it has failed.
$1.50 is the level being tested, while $1.45 marks a deeper failure point in the supplied short-term framework. A move back above $1.55-$1.56 would offer stronger evidence that buyers have absorbed supply than a brief bounce from the pivot.
Related analysis of XRP’s price levels and market risks can add context, but the evidence here does not include moving-average or on-chain readings that would support a more elaborate technical claim.
Price areaTechnical significanceWhat would change the read$1.55-$1.56Upper price area in the short-term frameworkA clear move above it would improve the short-term structureAbout $1.50Immediate pivot and support areaHolding it would keep the current support thesis intactAbout $1.45Downside trigger identified in the reportA break below it would weaken the setupThe decline from $1.57 on September 25 to $1.49 at the September 29 UTC close also gives the support test some context: the pullback followed a sharp retreat from the earlier snapshot, rather than a slow drift around $1.50. It does not, by itself, establish whether the area will hold.
For the above, price response around the pivot and the two nearby thresholds matters more than the narrative attached to them.
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BlackRock Filing Remains SpeculationCanary Capital CEO Steven McClurg speculated in January 2026 that BlackRock might file for an XRP ETF by late 2026 or early 2027. BlackRock has confirmed no such timetable, and the primary report says no application or launch has been confirmed. The BlackRock XRP ETF remains a market possibility, not a known event to price as though it were imminent.
🚨 Canary Capital CEO Steven McClurg predicts BlackRock could file for $XRP or Solana ETFs by late 2026-2027
Fidelity & Franklin Templeton already in the race major institutions moving beyond BTC/ETH
XRP and Solana could be next in line for the spot ETF treatment 📈… pic.twitter.com/okqLkZcyOA
— Xaif Crypto (@Xaif_Crypto) January 28, 2026 BlackRock’s separate relationship with Ripple does not change that assessment. The asset manager accepts Ripple’s RLUSD stablecoin as collateral for its tokenized Treasury fund, BUIDL, but RLUSD is not XRP, and that arrangement is not evidence of a spot XRP fund. Conflating the two would turn a distinct business relationship into an unsupported ETF signal.
Until either development appears, the trade is defined more clearly by XRP’s support and resistance than by BlackRock rumors. Existing ETF demand is measurable, but its scale and estimated fee pool do not yet establish that the world’s largest asset manager will enter. The next evidence is either a confirmed filing or a decisive move out of the $1.45-$1.56 range.
XRP has recovered above $1.50 after falling below $1.47 on Sep. 30, as a reported shareholder vote in favor of Evernorth’s merger with Armada Acquisition Corp. II has advanced the Ripple-backed company’s planned Nasdaq listing.
Summary
Bear Champ reported that Armada shareholders passed the Evernorth merger vote. Evernorth expects the combined company to hold at least 473.3 million XRP at closing. The proposed XRPN listing and a separate $30 million financing agreement remain tied to completion of the transaction. XRP traded around $1.51, up roughly 1.89%, as news of the vote circulated. The publication attributed the result to Bear Champ, an XRPL collaborator who said on X that he had listened to the shareholder meeting.
“Listened in on the Armada/Evernorth merger vote, it passed,” Bear Champ wrote.
Under Evernorth’s disclosed transaction terms, shareholder approval would allow the proposed combination to proceed toward closing, with the company expecting to trade on Nasdaq under XRPN once the remaining closing and listing conditions are satisfied.
XRP regains $1.50 after repeated intraday reversals In the Sep. 30 session, XRP climbed toward $1.55 earlier in the day before retreating. The token then spent several hours trading mainly between $1.48 and $1.50, before renewed buying carried it back toward $1.51.
During another advance around midday, XRP briefly reached approximately $1.54. The price subsequently slipped toward $1.50 again, with a later recovery following a drop below $1.47.
The merger vote was a catalyst for the rebound. Its account placed XRP’s latest recovery alongside the reported shareholder approval, while the price sequence showed several gains and pullbacks within the same trading session.
For the proposed public company, Evernorth’s registration materials describe an expected treasury balance of at least 473,276,430 XRP at closing. The disclosed figure combines token purchases and commitments from transaction participants, rather than representing a planned sale of 473 million XRP.
Evernorth’s Nasdaq plan follows an effective SEC registration On Aug. 28, crypto.news covered the September shareholder vote after the U.S. Securities and Exchange Commission declared Evernorth’s Form S-4 registration statement effective on Aug. 27. The report identified the shareholder meeting, remaining closing conditions and Nasdaq listing requirements as separate steps in the transaction. Eligible voters were Armada shareholders who held shares on the Aug. 20 record date.
According to the definitive proxy materials described in that coverage, public shareholders could support the merger while separately requesting redemption of their shares. The deadline for submitting redemption requests was Sep. 28, two business days before the meeting.
The proxy materials also explained that redemptions could reduce the cash Armada contributes to the combined company. Final proceeds would depend on financing commitments, closing adjustments and investors meeting their funding obligations.
For U.S. stock investors, Evernorth’s Aug. 27 announcement described the proposed company as a public-market vehicle offering exposure to XRP through its treasury operations. In the same SEC-filed announcement, the company stated that neither the SEC nor any state securities regulator had approved or rejected the transaction or assessed its merits or fairness.
Evernorth said it plans to allocate capital to XRP-based infrastructure and pursue treasury strategies intended to increase XRP per share. Its disclosed plans include yield strategies, participation in the XRP ecosystem and capital-market activities.
A $30 million financing agreement depends on closing In a Sep. 21 report on Evernorth’s conditional debt financing agreement, the publication detailed a proposed issuance of $30 million in convertible senior notes carrying 4% annual interest and maturing in 2031.
According to Evernorth’s SEC disclosure, the agreement was signed on Sep. 11 with NH Investment & Securities Co., acting as trustee for Kyobo AIM Corporate Finance General Private Investment Trust No. 3. Payment for the notes and their issuance are scheduled to occur concurrently with the Armada business combination.
Evernorth told the SEC that proceeds could fund general corporate purposes, including XRP purchases and other activities within the token’s ecosystem. The disclosed terms leave the company discretion over how much of the financing goes toward acquiring XRP.
Under the note agreement, interest is paid in kind, meaning it is added to the outstanding principal rather than paid as regular cash interest. The filing identifies the notes as senior unsecured obligations.
The Sep. 21 coverage also detailed an earlier purchase of approximately 84.37 million XRP for $214 million in November 2025, at an average price of about $2.5366 per token. Separately, the transaction agreements disclosed a contribution of 126,791,458 XRP from Ripple.
Executive agreements formed part of earlier merger filings On July 30, a report on Evernorth’s executive compensation filing described Amendment No. 5 to its Form S-4 registration statement. The amendment disclosed employment agreements for chief legal officer Jessica Jonas, chief business officer Sagar Shah and chief operating officer Meg Nakamura.
According to the amended filing, each executive became eligible for an annual bonus equal to 50% of base salary, alongside restricted stock units and employee benefits. Jonas’s initial equity award was valued at approximately $4.5 million, while Shah and Nakamura were each assigned awards worth about $2.8 million.
Under the disclosed 2026 Omnibus Incentive Plan, the awards remained subject to shareholder approval and authorization from the board’s compensation committee. The July report also described an earlier filing that outlined an approximately $44 million initial equity award for CEO Asheesh Birla, with vesting conditions tied to continued employment and the proposed transaction.
Coinbase has secured approval from the Commodity Futures Trading Commission (CFTC) to launch its own US-based crypto derivatives clearinghouse, a development that could have significant implications for XRP within the regulated derivatives market.
XRP’s integration with Coinbase derivativesXRP is already traded on Coinbase’s derivatives platform, underscoring its established presence within the exchange’s trading ecosystem. Market observers note that Coinbase focuses its infrastructure efforts around assets that are actively supported, not marginalized. This move signifies that XRP is situated within a market Coinbase views as important for the future of regulated crypto trading.
Crypto analyst Levi Rietveld from Crypto Crusaders emphasized the importance of regulated infrastructure, stating that the development is not about short-term price speculation, but rather an expansion of robust market foundations. Rietveld noted, “This isn’t about guessing where XRP’s price goes next; it’s about Coinbase expanding the regulated infrastructure around a market where XRP is already traded.”
This development centers on Coinbase increasing regulated infrastructure in markets where XRP is already present, which analysts say could make the asset more accessible to institutional participants.
The focus remains on infrastructure and compliance, moving beyond volatile sentiment to highlight the environment in which XRP now operates.
Institutional adoption through regulatory clarityInstitutional investors often require regulatory certainty before allocating significant capital to crypto markets. The establishment of Coinbase Clearing LLC as a CFTC-registered derivatives clearing organization addresses this need, supporting fully collateralized instruments such as futures, options on futures, and swaps, with USDC as collateral and 24/7 settlement available for participants.
Coinbase, a leading American cryptocurrency exchange, now controls all key components of a regulated derivatives infrastructure: a futures commission merchant, a derivatives exchange, and a clearinghouse. This comprehensive structure is expected to provide the support and confidence institutions look for when considering large-scale entry into digital assets.
Rietveld explained that if institutional investment in crypto continues to rise, regulated infrastructure such as this gives XRP an advantage as it is already included on Coinbase’s derivatives platforms.
Mini dictionary: CFTC-registered derivatives clearing organization, an entity approved by the CFTC to clear and settle derivatives trades in compliance with US regulations, offering transparency and security for institutional and retail participants.
$10 price projection linked to infrastructure developmentRietveld connected the regulatory advancement directly to a potential XRP price target of $10 and higher, suggesting that the growth of regulated infrastructure is critical for unlocking institutional participation at scale. He argued that significant financial flows are likely to move through venues with strong compliance frameworks, which could boost demand and liquidity for XRP moving forward.
He further indicated that as Coinbase’s regulated clearinghouse expands and supports XRP, it could facilitate access for institutional traders, who are typically required to operate within regulated environments.
Access to regulated clearing venues could be the catalyst that increases institutional demand for XRP, a trend that some analysts believe is essential for major price appreciation.
The projection draws a direct line from regulatory clarity and market infrastructure to potential price milestones, highlighting the role of institutional engagement in driving expansion.
Broader market impactCoinbase’s approval marks one step in a larger shift toward more regulated frameworks within US crypto markets. This trend, characterized by clear regulatory oversight and expanded access to compliant derivatives, is seen as a catalyst for higher trading volumes and potentially greater price discovery.
XRP’s position within this environment is notable, as regulated infrastructure developments support larger market participation and may differentiate XRP from assets lacking similar integration. Rietveld and other analysts point out that the long-term significance of these developments may outweigh short-term speculation on price movements.
The XRP Ledger has now inched closer to launching its long-awaited native lending infrastructure. The new LendingProtocolV1_1 amendment is now open for validator voting.
RippleX announced on Sept. 30 that validators can now evaluate and vote on LendingProtocolV1_1.
The upgrade comes with two significant changes to the XRPL lending architecture: closed-ended lending vaults and cash-basis accounting.
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The amendment extends two other proposed pieces of XRPL infrastructure (LendingProtocol and SingleAssetVault).
According to RippleX, LendingProtocolV1_1 must activate alongside the original LendingProtocol and SingleAssetVault amendments.
The amendment changes how that pooled capital can be used for lending.
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It was included in XRP Ledger server version 3.4.0, released on Sept. 16. The release formally introduced LendingProtocolV1_1 to 'xrpld.'
Opening validator voting is not the same as activation.
A proposed change must receive support from more than 80% of trusted validators. Furthermore, it must maintain that level of support for two weeks. If support falls back to 80% or below during that period, the two-week countdown resets.
Closed-ended vaultsLendingProtocolV1_1 has introduced the ability to create a second type of Single Asset Vault.
Single Asset Vaults pool one type of asset from multiple depositors and make that capital available to another protocol. A vault can hold XRP, a trust line-issued token or a Multi-Purpose Token.
An open-ended vault works like an investment pool that remains continuously accessible. Users can deposit capital and receive shares based on the prevailing price per share.
Approving V1_1 alone would not suddenly create a functioning XRPL lending market.
RippleX says all three amendments (SingleAssetVault, LendingProtocol and LendingProtocolV1_1) are required for operational lending.
The Sept. 30 vote should be viewed as a procedural milestone.
Ripple’s native digital asset, XRP, remains just above the $1.50 resistance level, as trading activity on major exchanges such as Binance and Coinbase signals sustained bullish momentum. The increase in leveraged trading participation has played a significant role in supporting this recent uptrend.
Open interest surges to new highsOpen interest (OI), a measure of unsettled derivative positions, has surged on Binance with a 1.3% increase for the month. This marks the highest monthly growth since August 2025. According to data from CryptoQuant, Binance’s XRP open interest climbed from roughly $210 million to $276.5 million over the last two weeks, representing an increase of about 32%.
Such an uptick in open interest is historically significant for XRP’s price movements. Earlier periods with comparable OI growth and negative cumulative delta readings have coincided with and often preceded bullish rallies.
PeriodOpen InterestPrice ChangeCurrent (June 2026)$210M → $276.5M (+32%)$1.50 resistance testedApril 2025Significant OI growth$1.60 → $2.65 (+65%)Late 2024Bearish OI setupReversed with upsideIn April 2025, for example, a period of negative funding and increased open interest preceded a sharp rally, with XRP climbing from $1.60 to $2.65, a gain of 65%.
Cumulative volume delta reflects bearish pressureAnother key indicator, the cumulative volume delta (CVD), has been deeply negative across major exchanges, with the value dropping from -$2.27 billion to -$2.7 billion. This metric points to ongoing dominance by sellers, even as prices edge upward.
Despite the seller pressure, analysts have noted that similar negative CVD conditions previously aligned with price rebounds in XRP. This pattern suggests that, while aggressive selling dominates, bullish participants are using these moments to accumulate positions in anticipation of a price breakout.
Mini dictionary: Cumulative Volume Delta (CVD), a technical indicator that measures the net flow of buy versus sell volume within a specific period to provide insights on the strength of market trends.
Futures markets: Bulls face high liquidationsIn the derivatives market, XRP bulls continue to face elevated risk. Data from analytics platform CoinGlass show that within the recent period, liquidations among bulls amounted to $2.76 million, surpassing the $1.97 million in liquidated short positions.
The recent price rise above August lows has attracted both long and short traders. This uptick, however, has driven up the value of open positions, resulting in more notable liquidation figures for bullish investors. In spite of this, the prevailing bullish sentiment has not waned, and many observers point to the alignment of open interest growth and persistent seller dominance as potential catalysts for another major upside move.
XRP’s recent rally remains tethered to the $1.50 resistance, as historical data shows that similar surges in open interest and negative cumulative volume delta have preceded sharp price increases.
Shareholders Back the Deal@evernorthxrp has cleared a critical milestone on its path to a public listing. Armada Acquisition Corp. II shareholders voted in favour of every proposal tied to the SPAC's merger with Evernorth at a virtual special meeting on September 30, with the meeting's inspector of elections confirming approval of all items put to a vote.
The combined company is now expected to close the transaction shortly, subject to customary conditions, and then begin trading on Nasdaq under the ticker XRPN. Evernorth is a digital asset treasury company designed as a regulated vehicle for public market investors seeking exposure to $XRP. Its investors include Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR, among others.
What Evernorth Brings to Market Evernorth has accumulated more than 473 million $XRP, establishing one of the largest corporate XRP positions disclosed publicly. That holding forms the backbone of its publicly traded structure. Rather than behaving as a passive proxy for XRP, Evernorth says it intends to deploy capital throughout the XRP economy and pursue strategies designed to increase XRP per share over time. Its strategy includes lending, liquidity support, and other XRP-based activities designed to increase the amount of XRP backing each share over time.
Evernorth was incorporated in Nevada in August 2025 as a wholly-owned subsidiary of Ripple Labs and was formed as a purpose-built vehicle for investment in XRP through public equity markets. The deal is also expected to generate more than $1 billion in gross proceeds, with major backers including Ripple, SBI Group, Pantera Capital, Kraken, and GSR.
CEO Asheesh Birla, who previously led Ripple's payments business, has framed the listing as a bet on institutional finance moving on-chain. "We plan to enter public markets as blockchain utility continues to grow, and we believe institutional finance will increasingly be built on-chain," he said. "Evernorth is designed to accelerate XRP's role in that work."
With shareholder approval now secured, attention turns to the formal closing process and the debut of XRPN on Nasdaq, which would make Evernorth one of the first purpose-built XRP treasury companies to trade on a major US exchange.
Sources:
The Block: XRP treasury firm Evernorth says SEC registration now effective
FX Street: XRP treasury Evernorth pushes for Nasdaq debut as SEC clears registration
SEC EDGAR: Armada Acquisition Corp. II Form DEFM14A
The XRP Ledger’s new LendingProtocolV1_1 amendment is now ready for validator voting, which will give XRPL network validators a crucial upgrade for XRPL lending. The vote will be crucial to the rollout of lending on the XRPL mainnet, as it will be followed by a number of other amendments to the LendingProtocol and SingleAssetVault, RippleX said.
RippleX Opens New XRP Ledger Lending Protocol Version Vote RippleX wrote on X, “LendingProtocolV1_1 is open for validator voting.” The company added, “It introduces closed-ended vaults and cash-basis accounting for XRPL lending, and it must activate before LendingProtocol and SingleAssetVault can proceed.”
Meanwhile, developer of RippleX Shota Natenadze explained the proposal in a Sept. 30 forum post. He explained that there are three amendments required for Lending Protocol to go live on the XRP Ledger mainnet.
Natenadze wrote, “LendingProtocol is the base lending engine: loan brokers, loan origination, repayment, default handling, and first-loss capital.”
The vote applies as such to changes that are within the proposed lending architecture on XRPL.
What Has Changed In This Amendment? In addition to the already existing open-ended vaults, LendingProtocolV1_1 would add closed-ended vaults on XRP Ledger. The closed ended version would go through subscription, investment and redemption stages.
LendingProtocolV1_1 is open for validator voting.
It introduces closed-ended vaults and cash-basis accounting for XRPL lending, and it must activate before LendingProtocol and SingleAssetVault can proceed.
Validators, read what changes and why it matters as you evaluate the…
— RippleX (@RippleXDev) September 30, 2026
Natenadze stated, “Closed-ended vaults avoid this by design: once the subscription window closes, no new shares can be minted, so there is no way to enter mid-term.”
The limitation is meant to solve a potential timing problem that could occur with an open-ended vault. Those vaults can be entered and exited at any time by users, and can have an impact on the distribution of gains to participants.
Another modification of the XRPL amendment is the recognition of loan interest. Natenadze explained, “LendingProtocolV1_1 changes this so that interest is only recognized as income when payments are actually made.”
He added, “This is a more conservative and accurate accounting model.” A vault’s AssetsTotal would then be the interest received, not scheduled future interest, with the proposed system.
LendingProtocolV1_1 activation will be based on the validator vote. The amendments for the LendingProtocol and SingleAssetVault must be approved before the launch of XRP Ledger lending on mainnet.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Joseph Lubin Transfers 133,298 $ETH ($356.2M) to New Wallet
A wallet linked to #Ethereum co-founder Joseph Lubin(@ethereumJoseph) transferred 133,298 $ETH ($356.2M) to a new wallet 5 hours ago.
1 hours ago
US stocks closed on Wednesday, with the three major indices ending mixed, while AI and crypto-related individual stocks saw stable volatility.
According to data from BIT (bit.com), U.S. stocks closed on Wednesday: the Dow Jones Industrial Average initially fell 0.86%, the S&P 500 dropped 0.25%, and the Nasdaq rose 0.24%. Intel (INTC.O) gained 3.71%, and Apple (AAPL.O) rose 1.1%. Most other AI-related and crypto-themed stocks saw price moves of less than 1%, with overall market volatility remaining relatively stable.
1 hours ago
Michael Saylor: STRC Preferred Stock Dividend Rate Remains at 12% for October
Michael Saylor, founder of Bitcoin treasury firm Strategy, announced in a post that the dividend rate of the company’s preferred stock product Stretch (STRC) will remain at 12% in October 2026.
1 hours ago
A crypto whale added $66 million worth of ZEC to its holdings, pushing its main wallet balance to $66.19 million.
According to OnchainLens monitoring, a crypto whale withdrew 2,000 ZEC from Binance, worth roughly $2.82 million. The funds were later consolidated from two wallets to the whale’s primary accumulation address. Currently, this main accumulation wallet holds ZEC valued at approximately $66.19 million.
1 hours ago
Multicoin Capital Transfers $8.34 Million Worth of HYPE to Coinbase Prime Again, Suspected of Preparing to Sell
According to monitoring by OnchainLens, a wallet linked to Multicoin Capital has deposited 92,380 HYPE tokens into Coinbase Prime, valued at approximately $8.34 million, and is suspected of preparing to sell the holdings.
Near Protocol (NEAR): NEAR remains strongly bullish above $5.00, but its extended momentum increases correction risk unless it breaks $5.40-$5.50.Hyperliquid (HYPE): HYPE is correcting after its September rally, with $85-$86 acting as the key support needed to preserve the broader uptrend.Ethereum (ETH): ETH is consolidating constructively around $2,700, with a breakout above $2,800 potentially opening the way toward $3,000.XRP (XRP): XRP maintains an improved bullish structure above $1.50, while clearing $1.55-$1.65 remains necessary for further upside.Near Protocol isn't giving upNear Protocol continues to show one of the strongest momentum structures among major altcoins, with the token trading around $5.27 after briefly reaching approximately $5.47. The latest advance extends a dramatic September rally that has lifted NEAR by well over 100% from its August trading range.
NEAR/USDT Chart by TradingViewThe fundamental backdrop has also strengthened. The launch of Bitwise's spot NEAR ETF on NYSE Arca on September 29 has provided another catalyst for the move, while growing activity around NEAR Intents and the network's AI-focused narrative continue to attract attention.
Technically, however, NEAR is becoming extremely extended. Price has moved almost vertically from the $2.40-$2.60 region and now trades far above every major moving average shown on the daily chart. The short-term moving average has climbed toward $3.80, while the longer averages remain considerably lower. This separation confirms the strength of the trend, but also increases the probability of violent corrections.
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It remains close to the 70-75 region, after spending considerable time in overbought territory during the rally. Importantly, NEAR has nevertheless continued producing higher highs and higher lows, meaning there is no confirmed trend reversal yet.
The immediate resistance sits around $5.40-$5.50, where several recent candles have encountered selling pressure. A convincing daily close above this area would remove the latest local ceiling and potentially expose $6.00 as the next psychological target.
Hyperliquid backs downHyperliquid has entered a meaningful correction after its September rally pushed the token toward $97-$98. HYPE is currently trading around $86.14, placing it almost 12% below the recent peak and directly around an important short-term support area.
HYPE/USDT Chart by TradingViewThe broader trend remains constructive. HYPE's September breakout carried the asset from roughly $57 to almost $100, while price continues to trade above its medium- and long-term moving averages. Hyperliquid has also retained substantial fundamental activity as one of the largest decentralized perpetual-futures venues, although recent reports point to large-holder selling as an additional source of short-term pressure.
The immediate problem is momentum. After reaching the $97 region, HYPE failed to attack the psychologically important $100 level and instead produced a sequence of lower highs. The latest daily candles have pushed price through $90 and toward the rising short-term moving average around $85-$86.
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RSI has simultaneously fallen toward the neutral area after previously approaching overbought territory. That cooling is not necessarily bearish by itself: it removes some of the excess accumulated during the rally. However, buyers now need to defend the current region.
HYPE therefore remains inside a broader uptrend, but unlike NEAR, its immediate momentum has turned corrective. The reaction around $85-$86 should determine whether the current decline develops into a deeper retracement or simply resets momentum after September's expansion.
Is Ethereum consolidation over?Ethereum is consolidating around $2,700 after one of its strongest upward moves in months. ETH currently trades near $2,702, having recently reached approximately $2,800 before encountering resistance. Despite the rejection, the daily chart continues to show a substantially stronger structure than during the summer.
ETH/USDT Chart by TradingViewThe key change occurred when ETH escaped the prolonged $1,850-$1,950 consolidation. The breakout produced an almost immediate move through $2,200, followed by another expansion toward $2,500. Importantly, volume increased sharply during these advances, giving the breakout considerably more confirmation than the relatively low-volume trading that preceded it.
Ethereum has since established another range between approximately $2,650 and $2,800. That consolidation is significant because sellers have so far failed to force ETH back into its previous $2,400-$2,500 trading area.
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Momentum also remains relatively healthy. RSI has cooled from overbought levels and currently sits around the upper-50s to low-60s. Instead of collapsing alongside RSI, ETH has maintained most of its gains. This suggests momentum has reset without a corresponding breakdown in price structure.
For another expansion, Ethereum needs to reclaim $2,750-$2,800. A daily close above $2,800 would establish a new local high and potentially open the path toward the psychological $3,000 level.
Conversely, losing $2,650 would expose $2,600 and potentially the stronger $2,450-$2,500 support area. For now, however, ETH's consolidation resembles a pause following the breakout rather than a confirmed reversal.
XRP's direction changes substantiallyXRP is trading around $1.52 following a volatile September that completely changed its medium-term technical structure. After spending August close to $1.00, XRP exploded toward $1.55, corrected toward $1.30 and subsequently recovered to a September high around $1.65.
XRP/USDT Chart by TradingViewOne of the most important developments is the break above the descending resistance line formed after the initial September spike. XRP spent several weeks producing lower highs beneath that trendline before breaking through it during the latest advance. Price has remained above the former resistance despite pulling back from $1.65.
The moving-average structure has improved substantially as well. XRP now trades above every major average displayed on the daily chart. The fastest moving average has risen toward $1.44, while the medium-term averages cluster around $1.35-$1.38. That creates several layers of support below the current market price.
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RSI sits around the mid-50s after previously moving into overbought territory during the initial September breakout. This is broadly neutral: XRP no longer carries extreme momentum, but RSI also does not indicate significant bearish pressure.
The immediate battle is around $1.50. XRP has repeatedly tested this region during recent sessions, making it an increasingly important short-term pivot. Holding above it would preserve the possibility of another attempt at $1.55-$1.60, followed by the recent $1.65 high.
The bearish scenario begins with a sustained loss of $1.50. That could send XRP toward $1.44-$1.45, followed by the stronger $1.35-$1.40 region. XRP therefore retains a bullish broader structure, but unlike the initial September surge, the next leg higher requires buyers to prove they can defend $1.50 and overcome the substantial supply accumulated between $1.55 and $1.65.
A wave of technical shifts and volatility is reshaping the outlook for several prominent cryptocurrencies, including Near Protocol (NEAR), Hyperliquid (HYPE), Ethereum (ETH), and XRP. With each asset approaching critical resistance and support regions, traders face turning points that could define trends into the next quarter.
Near Protocol: The rally faces resistanceNear Protocol continues to display one of the strongest upside structures among large-cap tokens, currently trading close to $5.27 after spiking to nearly $5.47. The sustained advance since August, which has seen NEAR more than double in price, is supported by increased attention on NEAR’s artificial intelligence narrative and ecosystem developments. The launch of Bitwise’s spot NEAR ETF on NYSE Arca on September 29 has also amplified institutional interest.
However, NEAR’s technical profile signals caution. The price now sits far above all the key moving averages, with short-term metrics rising toward $3.80 while longer-term averages trail well behind. This separation points to intense momentum but also magnifies correction risk should buyers falter near immediate resistance between $5.40 and $5.50.
Mini dictionary: Bitwise is a leading crypto asset management firm offering spot ETFs and index products; NYSE Arca is a major US-based electronic securities exchange.
Relative strength index (RSI) remains elevated in the 70–75 range after extended overbought conditions during the rally. So far, the uptrend continues as NEAR records higher highs and higher lows, with no confirmation of a reversal. Still, a failure to close above resistance could trigger a sharper pullback, while a daily move above $5.50 would expose the $6.00 level as the next target.
TokenCurrent PriceKey ResistanceKey SupportRecent HighNEAR$5.27$5.40–$5.50$3.80$5.47HYPE$86.14$97–$100$85–$86$97–$98ETH$2,702$2,750–$2,800$2,650$2,800XRP$1.52$1.55–$1.65$1.44–$1.45$1.65Hyperliquid: Deep correction follows a failed breakoutHyperliquid, one of the sector’s most prominent decentralized perpetual-futures exchanges, is facing downward momentum after a strong surge earlier in September. The HYPE token recently reached $97–$98 before correcting to $86.14, where it now trades directly on critical support. The asset climbed from $57 to almost $100 during its rally, but profit-taking by large holders has increased the pressure.
HYPE remains above both medium-term and long-term moving averages, keeping the larger uptrend intact. However, after failing to reach the key $100 psychological mark, the token has produced a series of lower highs. The most recent candles now test the $85–$86 range, making this support pivotal for the next move. A breakdown from this region would signal a deeper retracement, while stabilization could allow the uptrend to resume.
Momentum indicators such as RSI have cooled from overbought, now moving back toward neutral territory. This moderation may help to reset sentiment, but buyers are expected to remain active in defending the current levels to avoid a more protracted decline.
Mini dictionary: Hyperliquid is a decentralized platform specializing in perpetual futures trading for digital assets, allowing users to open leveraged positions with on-chain transparency and no intermediaries.
Relative strength indicators are moderating across both NEAR and HYPE, creating an environment where holders may see sharper volatility if short-term support or resistance levels are breached.
Ethereum: Consolidation after breakoutEthereum is consolidating around $2,702 after completing an impressive multi-month surge. The latest advance peaked at nearly $2,800 before sellers established short-term resistance. Still, the overall chart structure has improved since the breakout from the previous $1,850–$1,950 trading zone.
This move unfolded on higher trading volume, solidifying conviction in the new uptrend as ETH quickly rallied through $2,200 and $2,500. A range has since formed between $2,650 and $2,800, with sellers unable to force a return to the earlier $2,400–$2,500 support zone.
Momentum has cooled as RSI moved from overbought toward the upper 50s and low 60s. Crucially, ETH has maintained most of its gains even as momentum indicators fell, indicating underlying strength.
A renewed breakout above $2,800 could trigger buying toward the psychological $3,000 level, while a loss of $2,650 could bring $2,600 or even the $2,450–$2,500 region into play. For now, the asset’s setup reflects a healthy pause following a sharp rally.
Ethereum maintains a much stronger technical pattern than during recent months, and the present consolidation phase appears to be a reset after the latest breakout rather than a confirmed reversal of trend.
XRP: Structure shifts after volatilityXRP is now trading at $1.52, recovering from a turbulent September that significantly changed its technical outlook. Following a move from near $1.00 to a monthly high of $1.65, the token experienced a sharp pullback but maintained its medium-term structure.
A breakthrough above a descending resistance, formed after the September spike, marked a pivotal shift for XRP. The asset is also trading above all major daily moving averages, with the fastest metric rising toward $1.44 and clustered medium-term support around $1.35–$1.38.
With RSI stabilized in the mid-50s, the current battle is centered on maintaining levels above $1.50. Success would reopen the path toward $1.55–$1.60 and possibly the $1.65 high. Failure could drive price down to $1.44–$1.45, with further risk toward the $1.35–$1.40 band. Despite the recent correction, XRP keeps a bullish undertone, but further progress will require buyers to overcome notable resistance at higher levels.
Bitcoin is holding above $83,000 as traders watch key support levels for signs of the next breakout.
Notable Statistics:
Coinglass data shows 75,142 traders were liquidated in the past 24 hours for $269.57 million. SoSoValue data shows net inflows of $66.2 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $2.8 million. In the past 24 hours, top gainers include Quant, Stacks and NEAR Protocol. Notable Developments:
Ethereum-Based Stablecoin Issuer ENA Could Surge 600%: Standard CharteredMastercard, Visa, Stripe-Backed Consortium Enters USD Stablecoin MarketBitcoin, XRP Whipsaw On Positive PCE Inflation Print Battling Surging Oil PricesDogecoin Gets New Utility Push With DogeOS TestnetBitcoin, XRP Have Utility but One Privacy Token Is Gaining Market ShareBitcoin ‘Debasement Trade’ Gains Steam Again as Institutions Pile InRipple Steps Into Brazil’s Securities Market: What Does It Mean for XRP?‘Bitcoin Senator’ Lummis Says ‘Democrats Hate Trump More Than They Like Good Policy’Trader Notes:
CryptosBatman explained Bitcoin is breaking out of its four-hour downtrend, putting $90,000+ back in play if the breakout holds.
Daan Crypto Trades sees $83,000 as Bitcoin’s key line in the sand, turning more defensive if BTC breaks below it amid elevated yields and macro uncertainty.
A reclaim of $85,000 would strengthen the bullish case, while losing $83,000 could signal a broader risk-off environment, particularly for altcoins.
Trader exitpump noted Bitcoin is consolidating around $82,000 support as excess leverage clears, with open interest back to pre-FOMC levels and spot order-book depth improving.
The setup points to a healthier market structure heading into bullish October.
Image: Shutterstock
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Crypto analyst Ali Martinez shared technical levels that users should closely monitor for XRP and Cardano (ADA). According to Martinez, XRP is on the verge of a significant breakout in the short term, while on the Cardano side, the decline in futures demand and whale selling indicate that the risk of a correction continues.
Martinez stated that XRP has developed a symmetrical triangle formation on the hourly chart. According to the analyst, the most critical level in the current outlook is $1.54. Martinez indicated that if XRP closes above $1.54 on the hourly chart, an upward breakout from the formation could be confirmed, and in such a scenario, the price could rise by approximately 10 percent to the $1.70 region.
On the Cardano side, a more cautious picture emerges. Martinez pointed out that demand in the ADA futures market has weakened. Cardano’s open interest size has fallen by 9 percent in the last week, from $1.99 billion to $1.81 billion. According to the analyst, this indicates that investors are beginning to reduce their leveraged ADA positions.
The actions of large investors also indicate increased selling pressure. According to data shared by Martinez, whales have sold approximately 90 million ADA since September 20th. The value of these tokens is approximately $22.5 million.
Technical indicators also suggest, according to the analyst, that the correction in Cardano may not be complete yet. On the daily chart of ADA, the price fell by approximately 10% after a Tom DeMark Sequential sell signal was generated on September 26th.
Martinez stated that, according to the parallel channel structure on the daily chart, the $0.24 level is a critical mid-band support for Cardano. He indicated that a drop below this level could lead to a further decline towards the lower boundary of the channel, approximately $0.21. According to the analyst, if the $0.21 support holds, this area could create a new bullish signal, and the price could target the upper boundary of the channel again, around $0.28.
*This is not investment advice.
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Crypto investment products recorded $3.55 billion in weekly inflows, marking their highest weekly total of 2026 to date. CoinShares, a leading digital asset investment manager based in Europe, stated that nearly all these inflows originated from US-based funds, reflecting renewed demand following weeks of minimal activity.
US dominates global inflowsCoinShares reported that US-based products accounted for approximately $3.434 billion of worldwide inflows, representing nearly 97% of the total. Germany followed distantly with $73.9 million, while Canada and Switzerland recorded $21.8 million and $20.9 million, respectively. The bulk of investment centered in the United States underscored the importance of American institutional activity.
Total assets under management for digital asset investment products reached $173 billion globally. Year-to-date inflows stood at $8.6 billion as of the week ending September 29.
RegionWeekly InflowsUnited States$3.434 billionGermany$73.9 millionCanada$21.8 millionSwitzerland$20.9 millionBitcoin and altcoins attract fresh capitalBitcoin products played a dominant role, collecting $2.52 billion in inflows for the week. The flagship cryptocurrency recovered from levels below $75,000 and climbed above $83,000 during the reporting period. Ethereum-focused investment products also attracted robust interest, adding $702 million in inflows. Solana products drew $193 million, while XRP funds received $92.3 million.
With nearly all weekly inflows allocated to US-based products, CoinShares described the trend as clear evidence that institutional interest has strengthened following recent macroeconomic volatility.
CoinShares associated the rebound with improved investor confidence after two weeks of subdued activity. Investors reportedly responded to reduced uncertainty regarding US monetary policy after the Federal Reserve raised interest rates by 25 basis points, bringing the target range to 3.75% to 4.00% on September 16.
Mini dictionary: CoinShares — A leading digital asset investment and research firm offering insights and fund management for cryptocurrencies and blockchain-related assets.
Spot Bitcoin and Ether ETFs see steady inflowsUS-listed spot cryptocurrency exchange-traded funds (ETFs) continued to draw sustained capital throughout the week. Spot Bitcoin ETFs received $2.39 billion, while Ether ETFs added $690 million in new money. Both product groups recorded inflows on every trading day of the week, although momentum slowed after Friday.
On the following Monday, net flows declined significantly, with Bitcoin ETFs collecting $31 million and Ether ETFs $17 million. Despite a temporary surge, broader market momentum tapered off as the week progressed, particularly after Bitcoin touched $87,000 on September 23 before retreating toward $84,000.
Market analysts stated that rising US Treasury yields and a stronger dollar could continue to influence crypto fund inflows as investors monitor the prospect of additional interest rate hikes.
With total assets under management rising to $173 billion, several major crypto investment products reported their busiest week of inflows in 2026 so far, led by Bitcoin and Ethereum.
The Federal Reserve raised interest rates on September 16. The following week, investors poured $3.55 billion into crypto funds, the most in any week of 2026.
Higher rates make safe assets like government bonds pay more. Crypto pays no interest at all. Yet big money went the other way.
Why Investors Bought Crypto After a Rate HikeThe Fed raised its benchmark rate by 0.25 percentage points to a range of 3.75% to 4.00%. Markets had seen it coming.
CoinShares, the asset manager that tracks these flows, says the hike ended weeks of guessing. Buyers then rushed back.
“The scale and breadth of the week’s demand suggest institutional conviction returned once the policy decision removed a key source of uncertainty, a pattern consistent with buying the fact after weeks of caution,” CoinShares wrote in the report.
CoinShares also sells crypto funds of its own.
The rebound came after a bruising stretch. On September 15, the CLARITY Act, a bill to set federal rules for crypto markets, failed a Senate vote 49 to 50. Bitcoin sank below $75,000. Lawmakers are now drafting replacements.
US Funds Led the Buying as Strategy Sold Stock for BitcoinBitcoin (BTC) funds took $2.52 billion. Ethereum (ETH) funds added $702 million. Solana (SOL) and XRP (XRP) followed with $193 million and $92.3 million.
US products drew $3.43 billion of the total. US spot Bitcoin exchange-traded funds (ETFs) took in money on all five trading days. In late May, crypto funds lost $1.67 billion in a week.
Bar chart of weekly crypto fund inflows by asset. Source: CoinSharesMicroStrategy, the company that holds 847,666 BTC, bought 1,666 more last week. It paid for part of that $143 million purchase by selling new shares of its stock, MSTR. CoinShares noted this dilutes existing shareholders.
Another Fed Hike Could Test the RallyBitcoin now trades near $84,236, up 1.37% in 24 hours, per BeInCrypto data. Traders see a less than 40% chance of another hike in October. The 10-year Treasury yield sits near 5.28%.
10-Year US Treasury Yield. Source: TradingViewWednesday offered some relief. US PCE inflation cooled to 3.4% in August. Friday’s jobs report comes next.
HYPE and XRP are attracting buyers for two very different reasons. HYPE is trading near $94.25 after a major run that pushed its fully diluted valuation above $91 billion.
XRP is holding around $1.52 as whale accumulation and a stronger crypto market bring new focus to its recovery story.
Both tokens offer live-market exposure during the current bull run. Yet buyers looking for an earlier entry are also watching the MemeToro presale. $MT is priced at $0.00528 in Stage 8, has passed $157K raised, and smart money is positioning early in the project.
MemeToro is creating a different opportunity based on fast-rising online trends, creator tools, public fair-launch rules, and a utility token that can support trading, staking, rewards, prediction markets, and platform activity.
Why MemeToro’s Public Code Gives $MT a Strong AdvantageMemeToro is giving early buyers a direct look at the technology behind its planned BNB Chain launchpad. The project has released 1,373 lines of Solidity code across 17 files. Its public repository includes FairLaunchEscrow logic, supporting interfaces, tests, and documentation.
This is important because MemeToro wants to make memecoin launches more structured from the first day. The stated smart-contract design locks launch settings when a creator starts a campaign. It also removes insider allocations from the fair-launch split and directs funds toward contributor refunds or planned liquidity routes.
The public-code release is designed to bring several benefits to the platform:
fixed launch terms before buyers contributeclearer wallet caps, deadlines, and claim rulesless room for creator-side allocation advantagesa visible foundation for future BNB Chain launch activityThe code gives MemeToro a strong product story at a time when many projects rely only on marketing. It also fits directly with the project’s memecoin trading plans. Creators can prepare launches with clearer rules, while traders can discover tokens with more visible structures.
MemeToro has passed $157K in Stage 8 while $MT remains at $0.00528. That combination of early price, public development, and a growing AI launchpad narrative creates a compelling entry point for buyers who want to position before a wider platform rollout.
How $MT Could Build Value Across the MemeToro Ecosystem$MT is intended to power the planned MemeToro ecosystem. It is designed for premium access, platform transactions, launch funding, staking, and user rewards. The roadmap also includes future memecoin trading, prediction markets, and a crypto news hub, creating several possible reasons for users to hold and use the token.
The planned AI agent supports this system by helping creators find fast-moving trends and turn them into token-launch ideas. It can help generate a concept, branding direction, allocations, and funding mechanics. Once the creator approves the plan, MemeToro’s fair-launch framework is designed to apply those chosen terms.
The 1.2 billion $MT supply also gives early buyers clear tokenomics to assess. The public sale allocation is 857,936,900 $MT, while marketing and partner tokens have a stated 24-month vesting period. Public-sale tokens are described as having no vesting and being claimable at launch.
The project also promotes staking rewards of up to 35% APR. This adds another planned benefit for holders who want to participate in the ecosystem rather than only watch price action. With utility across creation, trading, rewards, and discovery, $MT is being built as more than a one-use presale token.
Why HYPE and XRP Are Leading Bull-Run WatchlistsHYPE has become one of the strongest large-cap tokens in the market. It trades near $94.25, while prediction markets place an 83.5% chance on a move above $100 before the end of 2026. Its momentum comes from a live ecosystem where users can use HYPE as collateral for stablecoin borrowing and where perpetual trading demand keeps growing.
That real product use gives HYPE a strong bull-run narrative. The token is not only moving because of market excitement. It is also linked to activity on the Hyperliquid network, which continues to attract traders looking for fast on-chain perpetual markets.
XRP offers a more established but equally interesting setup. It is holding near $1.52, with $1.70 acting as the next major resistance level. A break above that zone could bring renewed focus to larger targets, including the $5.40 macro structure discussed by technical trader Peter Brandt.
The two tokens show the power of active ecosystems during a bull market:
HYPE offers perpetual trading and stablecoin-collateral utilityXRP offers an established payment-focused market storyboth benefit from rising altcoin liquidity and stronger buyer confidenceFast rallies can bring short-term price swings, but HYPE and XRP have already shown why product utility and market visibility matter when a bull cycle gains speed. Their rise also opens the door for buyers to search for projects with similar utility ambitions at a much earlier stage.
Final WordsHYPE and XRP are proving that strong utility stories can pull major capital into altcoins during a bull run. HYPE is building on perpetual trading demand and stablecoin borrowing, while XRP is holding an important support level as buyers watch for a move above $1.70. Both have already gained significant market attention.
MemeToro gives buyers a chance to enter much earlier in a new BNB Chain story. $MT is available at $0.00528 in Stage 8, the presale has raised more than $157K, and the project has published public fair-launch code to support its AI launchpad vision.
With creator tools, future trading, staking, prediction markets, and a news hub, MemeToro is positioning itself for the next major memecoin expansion.
FAQsWhy is HYPE one of the leading bull-run altcoins?HYPE has strong momentum from its live perpetual trading ecosystem and its stablecoin borrowing feature, which lets users use HYPE as collateral.
What level does XRP need to break next?XRP is holding near $1.52, with $1.70 acting as the next key resistance level. A break above it could strengthen its wider recovery setup.
What makes MemeToro different from HYPE and XRP?MemeToro is an earlier-stage BNB Chain project focused on AI-guided memecoin launches, public fair-launch rules, future trading tools, staking, rewards, and platform utility.
XRP (XRP) enters October 2026 after gaining 48% in the third quarter, its best Q3 in four years. However, the token still trades 59% below its July 2025 all-time high of $3.65.
Strong institutional demand now meets a historically weak month, and the data points to a range-bound October.
XRP Fundamentals Pit ETF Demand Against October HeadwindsUS spot XRP exchange-traded funds (ETFs) hold about 1.16 billion XRP, worth roughly $1.76 billion. Cumulative net inflows reached a record near $1.68 billion, according to XRP Insights.
Meanwhile, Ripple hosts its Swell conference in New York from October 27 to 29.
However, XRP has historically struggled in October. The token averaged a 5.14% October loss and closed the month lower in both 2024 and 2025.
Markets also price up to a 64% chance of a Federal Reserve rate hike at the October 27 to 28 meeting.
Ripple can also release up to 1 billion XRP from escrow on October 1. In addition, the CLARITY Act failed a Senate vote 49 to 50 on September 15.
XRP’s fourth-quarter strength usually arrives later, with median returns of 80% in November and 63% in December.
XRP Monthly Price Performance. Source: CryptoRankOn-Chain Data Shows Tightening XRP SupplyGlassnode data shows XRP exchange balances fell from about 12.9 billion to 11 billion tokens since April. Roughly 1.6 billion XRP left exchanges in the last two weeks alone.
The largest outflows arrived during the late-September pullback. However, the step-like drops may partly reflect custody transfers.
Outflows also preceded the August breakout, arriving two days before XRP jumped from $1.00 to above $1.50.
XRP balance on exchanges versus price / Source: GlassnodeDaily ETF inflows peaked near 22 million XRP in late August and 20 million around September 24.
Large holders reportedly accumulated 470 million XRP in five days last week. In contrast, Binance’s XRP scarcity index recently fell to its lowest level since January 2025.
Still, inflows clustered during rallies and stayed quiet during the summer decline. ETF demand appears to follow price, so inflows could slow if XRP stalls.
US spot XRP ETF flows / Source: GlassnodeXRP Price Prediction for October 2026 Hinges on $1.70On the weekly chart, XRP broke the descending trendline that had capped price since the July 2025 peak. A high-volume August candle confirmed the breakout.
The weekly Relative Strength Index (RSI) also broke its own downtrend and sits near 55, above the midline. XRP holds support between $1.47 and $1.50.
However, the 0.618 Fibonacci level at $1.70 rejected price in August and again near $1.66 in September.
XRP weekly chart / Source: TradingviewThe four-hour chart shows a mature symmetrical triangle, with its trendlines converging around October 3. Resistance sits at $1.59, with support at $1.47 and $1.38.
The four-hour RSI reads a neutral 47, while lower highs hint at selling pressure.
A breakout could target $1.83, about 23% above the $1.49 lower boundary. A breakdown could send XRP toward $1.17, the 0.786 Fibonacci level, about 21% lower.
XRP 4-hourly chart / Source: TradingviewSwell and the Fed decision land in October’s final week. Until then, XRP may range between $1.47 and $1.70, while a weekly close above $1.70 could set up November.
Disclaimer
This Analysis reflects BeInCrypto's editorial interpretation of information and data available at publication and may become outdated. It is general and non-personalised, does not consider your circumstances, and is not investment research, financial, investment, legal or tax advice, an offer or a recommendation. Forecasts, targets, technical analysis and forward-looking statements are uncertain and may not materialise; past performance and indicators do not predict future results. References to assets, products or providers do not imply endorsement. Crypto-assets and financial products may result in total loss. Verify material information before acting.
The XRP Ledger has registered a significant surge in burn activity, with fees burned rising 848% compared to recent averages. This uptick comes as XRP trades at $1.51, remaining above its 200-day moving average, which currently stands near $1.37. The price action follows a break above a descending trendline earlier this month, signaling increased market attention.
Transaction spikes and fee burnsNetwork data shows that total transactions on the ledger reached 2.9 million, representing a 276.6% increase. Within this number, successful transactions climbed to 1.9 million, marking a 172.6% jump. The number of payments processed during the period rose 129.9% to 1.2 million.
The payments volume also advanced by 35.1% within a single day, totaling 929.6 million XRP, well above the 30-day average of 615.4 million XRP. However, this remains below the all-time high of 7 billion XRP in daily volume. Since each transaction on the XRP Ledger destroys a small amount of XRP as a fee, higher activity has directly led to the record burn rate observed during this period.
Quality of activity under scrutinyDespite these headline figures, analysis of the underlying activity suggests a more complicated picture. Of the 2.9 million transactions, nearly one million failed to execute successfully. Failed transactions can still incur fees, contributing to the elevated burn rate. Industry analysts have noted that increased spam or bot-driven activity may be inflating network statistics, rather than reflecting purely organic economic growth.
Other indicators support this perspective. The number of active users dropped 69.5% to 152,200, even as new accounts surged by 831.5% to 3,200 and active accounts jumped 378.1% to 18,200. Such rapid gains in account creation could be the result of automated processes instead of genuine adoption. Meanwhile, transactions per ledger decreased by 25.7% to 142.43, and the average ledger interval remained stable at 3.89 seconds, showing that the network managed the increased load without disruption.
Price action remains cautiousXRP’s price has so far shown limited response to the spike in network metrics. After reaching a high of $1.66, XRP has seen a pullback but continues to stabilize above $1.50. Key support levels are found in the $1.37 to $1.31 range, aligning with several moving averages. However, recent trading volumes have tapered off compared with the heightened activity observed during the August breakout.
Technical analysts have emphasized that while a higher burn rate may benefit long-term supply dynamics, its real impact hinges on the quality of activity behind those burns.
While elevated fee burns generally support supply reduction, the long-term implications depend on whether activity growth is driven by genuine payments or by automated and failed transactions. If payment growth is organic, it reinforces XRP’s utility, but if spam dominates, the effect may prove short-lived.
Meme token highlights and activity trackingIn fast-moving digital asset segments, especially among meme tokens, technical patterns and monitoring investor behavior have become increasingly important. In this context, Fomo App has published data showing how a viral trend in the meme token market can quickly generate substantial value. For example, “Niu Lai” transformed a $99 investment into approximately $370,000 within days. As success in these markets often depends on both price movements and the timing and selection of tokens by traders, comprehensive platforms like Fomo App are garnering attention. The app offers token discovery, real-time trading, social feeds, investor rankings, and notifications, providing market participants with tools to watch both new memes and broad investor activity closely.
Ripple’s stablecoin RLUSD has continued to show strong growth, achieving a new milestone in both total supply and market capitalization since its launch in late 2024. The expanding presence of RLUSD reflects Ripple’s ongoing efforts to establish its stablecoin in the global digital asset sector.
RLUSD supply and market cap reach new highsData from CoinMarketCap show RLUSD’s total supply has exceeded 2,520,234,035.02 tokens, a notable increase from last month’s figures. This growth follows sustained demand for the Ripple-issued stablecoin.
The market capitalization of RLUSD has now reached $2,520,303,254.33. This figure matches the stablecoin’s fully diluted valuation, indicating full market recognition for the circulating supply.
Since its debut, RLUSD has established itself as one of the fastest-growing stablecoins, steadily attracting more users and transactions in the competitive crypto market.
MetricCurrent ValueTotal RLUSD Supply2,520,234,035.02 RLUSDMarket Capitalization$2,520,303,254.3324h Trading Volume$253.5 millionSurging demand and user participationThe growing market cap and supply coincide with a period of increased demand, as RLUSD sentiment has shifted positively among crypto market participants. The past 24 hours saw the stablecoin’s trading volume surge to $253.5 million, reflecting a 22.72% increase compared to the previous day.
RLUSD’s expansion has also led to a jump in active holders. More than 12,650 individuals now hold RLUSD, signaling adoption in the two years since its introduction. This steady growth demonstrates user confidence and engagement with RLUSD’s expanding utility within the Ripple ecosystem.
With over 2.52 billion RLUSD tokens now in circulation and a rising holder base, Ripple is positioned to further its ambitions in the global stablecoin market through ongoing technological and ecosystem development.
Mini dictionary: CoinMarketCap, a leading cryptocurrency data aggregator providing real-time prices, market capitalizations, and trading volumes for digital assets worldwide.
RLUSD’s circulating supply now stands at over 2.52 billion tokens, while its market capitalization has reached $2.52 billion — both marking significant milestones for the Ripple-issued stablecoin within a rapidly developing digital asset environment.
XRP could see substantial upward movement if it manages to break above the $3.5 to $4 resistance zone, according to technical analysis from crypto strategist Egrag Crypto. His long-term price framework identifies two major upside projections, placing potential targets at $60 and $180 per XRP should the cryptocurrency confirm a significant breakout.
Egrag Crypto outlines long-term price targetsEgrag Crypto developed his analysis using a macro XRP/USD chart spanning activity from 2014 through 2030. This chart traces two major trend boundaries, described as the “Central Line” and the “Macro Bottom Line.” These trendlines underpin his measured move projections, each representing a possible route for significant future gains if certain technical criteria are met.
The “Central Line” serves as the basis for a potential rise toward the $60 region, while the “Macro Bottom Line” supports the larger target of $180. Egrag Crypto illustrated these levels using separate chart markings, clarifying their distinct roles within the overall market structure.
He emphasized that these values remain possible objectives rather than guaranteed targets, as XRP has yet to achieve a confirmed breakout above the critical $3.5 to $4 range that has previously limited upward movement.
Egrag Crypto noted that while the technical structure supports upside possibilities, both $60 and $180 projections depend entirely on whether XRP can first break and confirm above the established $3.5 to $4 resistance zone.
Chart data include previous interactions with long-term trendlines, reinforcing the idea that historical price action and established resistance levels can help estimate future price extensions within a structured framework.
Key resistance zone remains decisiveThe $3.5 to $4 price region now represents the immediate barrier for XRP, with Egrag Crypto repeatedly underscoring its importance. He encouraged observers to take a macro perspective—suggesting that “zooming out” on charts helps clarify the larger pattern and the potential significance of a breakout above this horizontal resistance area.
Until XRP closes and confirms strongly above this range, the ambitious price targets outlined in his analysis are considered conditional. Egrag Crypto described the setup as two distinct measurements derived from the same market structure, warning that premature projections could mislead those seeking rapid price action.
He specifically stated that macro targets remain inactive until XRP demonstrates sustained trading above $3.5 to $4, placing all current projections squarely within the realm of future possibilities rather than near-term expectations.
Market reactions and valuation debateSome community members expressed skepticism regarding the $180 projection, particularly questioning its implications for XRP’s market capitalization. One analyst calculated that such a price would lead to a capitalization near $10 trillion, which would surpass the value of gold. In response, Egrag Crypto argued that market capitalization alone is not an indicator of a token’s value once utility is factored in.
Others voiced concerns that shifting price targets between $27, $44, $60, and $180 create confusion in the community. Supporters and critics alike agreed that chart-based projections are entirely dependent on actual technical developments at key resistance levels.
This discussion around breakout zones and market valuation reflects a broader trend across the digital asset sector, where traders and investors closely monitor both price levels and the technical setups underlying longer-term forecasts.
On the subject of timing and investor strategy, recent developments in the meme token market highlight how rapid gains can occur based on technical and social trends. In this environment, Fomo App data revealed that a recent trade in “Niu Lai” turned a $99 starting amount into roughly $370,000 in a matter of days. Such cases underscore the value of monitoring not only resistance breakouts but also the timing and token picks of leading investors. Fomo App now brings together token discovery, trading, live social feeds, trader rankings, and deal alerts, supporting informed activity across meme tokens and the wider digital asset landscape.
While analyst projections remain subject to evolving technical signals, the XRP case demonstrates a continued focus on both traditional chart resistance levels and real-time market innovation. XRP’s next major move will largely depend on its ability to break and hold above the crucial $3.5 to $4 band before higher targets become actionable.
RLUSD has now crossed the $2.5 billion valuation mark, as Ripple mints $790 million worth of the stablecoin in a month.
While XRP and the broader crypto market have struggled this year, the Ripple stablecoin, RLUSD, has continued to grow in valuation, as the company ramps up minting amid increased adoption and investor demand.
Ripple Mints $790M, Burns $638M According to data provided by a community-driven RLUSD supply tracker, Ripple has minted $790 million worth of the stablecoin over the past 30 days across both the Ethereum network and the XRP Ledger.
Ripple Stablecoin Supply Activity Most of this supply activity started last week, as minting activity picked up on Sept. 17 and has remained high since then. Notably, since Sept. 17, Ripple has deployed $419 million worth of RLUSD on Ethereum and the XRPL, over 53% of the 30-day total.
However, despite the increased activity, intraday mint figures have remained mostly below $50 million, with occasional spikes on certain days, such as $76.3 million on Sept. 21 and $130.3 million on Sept. 25.
Before this renewed daily activity, Ripple minted a massive $153.2 million in RLUSD on Sept. 1, the largest single-day mint in the past 30 days.
Besides these mints, Ripple has also burned a substantial amount of RLUSD in the past 30 days, though net supply change has been positive. Within the same period, the firm has burned $638 million in RLUSD, bringing the net supply change over the last 30 days to $152 million.
RLUSD Surpasses $2.5B Amid this recent supply growth, the RLUSD stablecoin has now surpassed the $2.5 billion mark in terms of existing valuation, as it continues its push to become a top 5 stablecoin.
At press time, RLUSD now boasts a market cap of $2.521 billion, up from $2.369 billion a month ago. This currently makes it the eighth-largest stablecoin in the market. The recent $2.5 billion milestone comes a little over a month after RLUSD crossed the $2 billion milestone on Aug. 26.
RLUSD Among Top 10 Stablecoins This means RLUSD has added over $500 million to its market cap within five weeks. This $2.5 billion milestone also comes 21 months after the launch of the stablecoin in December 2024. If RLUSD maintains this pace, it could cross the $3 billion mark before it clocks 2 years by the end of this year.
Ethereum Maintains Lead Over XRPL Further data shows that the Ethereum network has maintained its lead over the XRP Ledger as the network with the larger RLUSD supply, boasting a supply of $1.396 billion, which is $272 million larger than the $1.124 billion residing on the XRPL.
Ethereum has maintained its lead despite XRPL seeing more supply activity over the past 30 days. Specifically, of the $790 million minted within this period, about $470 million has been deployed on the XRP Ledger. Meanwhile, Ethereum has only seen about $315 million.
However, the XRPL has also recorded higher burns than Ethereum, which has balanced the equation. Notably, within the past 30 days, Ripple has burned $395.7 million worth of RLUSD on XRPL, but only $242.3 million on Ethereum. This translates to about a +$72 million net supply change on each network in the last 30 days.
Korea Blockchain Week opened in Seoul on September 29, drawing top industry figures and technology professionals to the region’s largest blockchain event. Across three days, the event has featured prominent sessions and panels discussing advances in blockchain technology, adoption, and the future of digital assets.
Ripple leadership details XRPL’s futureDuring one high-profile session, Ripple President Monica Long joined Caroline D. Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), for a discussion on the evolving landscape of tokenization. When asked whether most tokenized volume would migrate to private or public blockchains in the coming years, Long identified public blockchains as the more likely path forward.
Long also pointed to upcoming features that aim to bring private blockchain benefits to the XRP Ledger, mentioning confidential transfer (XLS-96) and permission delegation (XLS-75) as major steps supporting this evolution.
During the session, Monica Long pointed to public blockchains as the expected main venue for tokenized volume but highlighted features like confidential transfer and permission delegation, which are designed to introduce private blockchain benefits to the XRP Ledger ecosystem.
Ripple executives plan a follow-up at XRP Seoul on October 3 at the Grand Hyatt Seoul, headlined by Monica Long. Other key company figures—including SVP Markus Infanger; RippleX Head of Engineering J.A. Akinyele; Christina Chan, Senior Director of Ecosystem Growth; and Tatsuya Kohrogi, Senior Ecosystem Growth Manager—are also scheduled to participate. The agenda centers around the latest technical upgrades and institutional adoption strategies for XRP and the XRPL platform.
XRPL upgrades and mainnet rolloutSeveral major improvements are set to roll out on the XRP Ledger in early October. Permission Delegation and Batch are expected to introduce institutional-grade account controls and automated, trustless transaction bundling. These upgrades target enhanced network reliability and security for enterprise users.
Permission Delegation is slated for an October 8, 2026 launch, with Batch and its associated fix planned to go live on October 9, pending sustained support above the 80% approval threshold during the required two-week activation period.
Technical innovation remains a focus for blockchain developers and investors, who closely track milestone events and new releases for leading protocols. Monitoring technical launches has become as crucial as following price movements, especially as the meme token market demonstrates the rapid turn of internet trends into significant investment flows. In a striking example shared by Fomo App, a $99 purchase of “Niu Lai” turned into around $370,000. This environment requires investors to follow both timing and token choices closely. Fomo App combines token discovery, investor rankings, trade notifications, and social feeds on a single platform for meme token market participants.
Major Brazil partnership announcedElsewhere in the digital asset sector, financial infrastructure operator CSD BR revealed the first phase of a significant partnership with Ripple. CSD BR’s platform has more than BRL 22 trillion in registered assets, placing it among the region’s largest.
This strategic collaboration aims to innovate asset tokenization across Brazil, enhancing the country’s emerging digital asset ecosystem and driving forward the use case for blockchain technology in traditional finance.
Ripple Global Partner Success Lead Luke Judges described the new partnership as a major step for the XRP Ledger, adding that the first issuance in this initiative is set to bring approximately $15 billion in represented market capitalization to XRPL.
With these developments, Ripple expects to strengthen the institutional use of the XRP Ledger both in Asia and Latin America, as upcoming technical features and regional partnerships drive adoption and expand real-world asset integration on blockchain platforms.
Veteran trader Cryptollica believes altcoin season is now starting, and XRP will play a consequential role.
In a post on X, Cryptollica said, “No altseason without XRP,” and shared a long-term XRP/USD chart showing XRP’s price pattern from 2017 and foreshadowing a possible pattern for 2027.
XRP Is in a Long-Term Price Pattern Cryptollica’s two-week XRP/USD chart shows XRP moving within a downward trend that started after the token reached around $3.60 in 2025.
The $3.60 level was also close to XRP’s 2018 peak and remains a major resistance level. After reaching its 2025 high, XRP began making lower highs and lower lows. The downward trendline is now moving toward the $1 to $1.40 area, where XRP has recently been trading.
At the same time, a long-term support line connects XRP’s major lows from previous market cycles. Together, these two trendlines are creating a narrowing range and setting up the possibility of a breakout.
Cryptollica’s two-week XRP/USD chart Bold Price Target The most important part of the chart is the green projected path. According to the chart, XRP could first break out of its current downtrend and rise toward the $3 resistance area.
From there, the projection shows XRP climbing to around $7, then falling back toward $4.50 before rising again. The final target on the chart is around $15, which would represent roughly a 10x increase from current levels.
Notably, XRP has experienced impressive price action recently. It was around $1.24 on September 16 before rising to about $1.66 on September 23. By September 30, it was trading near $1.50.
“No Altseason Without XRP” Cryptollica believes XRP will play an important role as crypto market sentiment shifts toward altcoins and fears of a bear market fade. At the time, the Altcoin Season Index was at 62, still below the 75 level often used to signal a broad altcoin season.
This represents a massive improvement from the index reading of 40 in August. The shift comes as several altcoins have staged dramatic price surges since last month.
For instance, Quant’s QNT token surged more than 375% this month. Ethena’s ENA surged 225%, while Zcash’s ZEC gained 218% over the past few weeks. Other explosive performers include Uniswap (UNI), Near, Arbitrum (ARB), and meme coin PUMP.
Top Performers in Ongoing Altseason. While these coins have attracted attention in recent weeks amid their strong performances, XRP is yet to fully enter the picture. Cryptollica’s message suggests that the altcoin season is not complete without XRP delivering the kind of dramatic price performance seen last year.
For context, XRP surged nearly 600% in three months, from November 2024 to January 2025. The rally continued through July 2025, delivering an overall gain of nearly 8x and pushing XRP above its 2018 peak.
Although XRP is currently lagging, with 90-day gains of 39%, hopes are high that it will repeat its historically dramatic price action. XRP showed a glimpse of that in August when it surged 82% in four days, rising from $0.93 to $1.70.
