New XRP Ledger amendments target $530 million in tokenized Wall Street assets.(Ripple Labs)Summary
The latest XRP Ledger software release, version 3.3.0, introduces a proposed “Confidential Transfers” feature that would let institutions encrypt balances and payment amounts on certain tokenized assets while keeping accounts and token types visible.The upgrade targets the growing market for tokenized real-world assets on XRPL, where about $1.38 billion is already issued, including major positions from RLUSD, Ondo, VERT Capital, Archax and Societe Generale.Confidential Transfers and five other institutional-focused amendments, including tools for batching transactions, sponsoring fees and delegating permissions, still require at least two weeks of 80% validator support before they can go live.A privacy feature built for institutional money is going to a vote on the XRP Ledger, where more than $530 million of tokenized real-world assets already sit.
XRPL version 3.3.0, released this week, includes six proposed amendments. Among them, a “Confidential Transfers” update is the one aimed squarely at institutional users, encrypting balances and payment amounts on Multi-Purpose Tokens, the format Ripple has been pitching for funds, bonds and other financial assets.
The idea is to let an institution move tokens without publishing the size of every position and transfer. Accounts and the type of token being moved stay visible, while individual balances and payment amounts can be encrypted.
As such, the ledger can still check that the sums add up without being able to read them, using a cryptographic method that proves a transaction is valid without revealing the numbers behind it.
Ripple has spent much of 2026 pushing XRPL deeper into tokenized finance. Aviva Investors last month launched a tokenized share class of its U.S. Dollar Liquidity Fund on the ledger after announcing the project with Ripple in February.
There is already money on the chain for the feature to serve. Onchain data aggregator RWA.xyz tracks about $1.38 billion of distributed real-world assets on XRPL, including $845.7 million of RLUSD. Ondo accounts for another $212.6 million, followed by VERT Capital at $116.1 million and Archax at $55.4 million. Societe Generale sits further down the table at $11.6 million.
Tokenized real-world assets issued on the XRP Ledger. (Shaurya Malwa/CoinDesk)That leaves more than $530 million of tracked tokenized assets outside RLUSD, though the market remains concentrated in a handful of issuers.
Confidential Transfers stays narrow in its first version. Holders have to opt into the encrypted format, and it currently works for direct MPT payments between accounts. It does not cover trades on XRPL's built-in exchange, escrow or checks.
The other five are aimed at the same audience. Batch can package as many as eight transactions together, including an all-or-nothing mode where every step succeeds or none does. Sponsor lets one account cover another's fees and reserve requirements, removing the need for a new user to hold XRP before transacting.
Permission Delegation lets an account authorize another party to submit only specified transaction types, giving a fund administrator limited authority without handing over full control. Dynamic MPT lets issuers change certain properties of a token after issuance.
Version 3.3.0 also bundles a set of fixes and, according to XRP Ledger Operations, cuts memory use by at least 10% to 15% while improving how quickly nodes catch up with the network.
None of the changes are live yet. XRPL amendments require at least 80% support from trusted validators, held continuously for two weeks, before they activate.
Confidential Transfers now has to clear that vote. After that comes the more useful test — whether Aviva, Ondo or another institution already issuing assets on XRPL actually chooses to hide balances and transfer sizes rather than leave them public.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
XRP dipped toward $1.00 after the CLARITY Act was delayed, but at least one analyst remains bullish on its long-term perspective.
Ripple’s native token hasn’t really been able to recapture the traction that culminated in July 2025, when it surged to a new all-time high. It has lost its momentum further in the past few weeks, dipping to $1.02 on Friday.
However, this hasn’t shaken out the conviction of popular market analyst EGRAG CRYPTO, who argued once again that the asset is approaching ‘The Chasm,” a make-or-break phase where patient investors are rewarded while short-term traders capitulate.
Big Price Targets Ahead EGRAG admitted that his previous expectation for $2.00 to act as macro support failed, but he still believes the broader bullish structure remains intact because the asset is now approaching its 100-week exponential moving average (EMA), which has historically acted as major support in previous bear market cycles.
The ideal scenario moving forward would be for XRP to stabilize somewhere between $0.95 and $1.00, which would be a healthy macro retest before the next leg up. However, he acknowledged the possibility of another, more violent nosedive that could take it further south. Nevertheless, EGRAG doesn’t believe the token will dip below $0.80, a level corresponding to the lower boundary of its long-term ascending channel.
The long-term roadmap, though, is what gets the Ripple bulls excited. As usual, EGRAG remains highly optimistic about the token’s future and has outlined some massive targets, including $15, $27, and a mind-blowing $50.
He compared XRP investors to early shareholders of companies such as Amazon, Apple, and Google, and argued that markets often test conviction before rewarding long-term holders. He reiterated his message that investors should not focus on perfectly timing the bottom; instead, they need to remain invested when the next expansion eventually arrives.
Realistically Speaking… With XRP trading at just inches above $1.00 at the time of the post, pitching long-term targets of up to $50 might sound unrealistic, because it actually is. The current market structure does not support such predictions. Even the most modest one at $15 would require a near-15x surge, and XRP would have to dwarf its current all-time high of $3.65.
You may also like: XRP Price Slides on CLARITY Delay as Analyst Flags Weak August Trend XRP Forms Long-Term Pattern With $27 Price Target: Analyst Important Ripple News and XRP Price Update: August 4th Its market cap would near the coveted $1 trillion mark, something that only bitcoin has been able to do so far in the market’s history. To even consider this as possible, XRP and the company behind it would have to experience continued growth, institutional investments, even more regulatory clarity, and a broader market run.
The real question at the moment is not whether XRP can reach double-digit prices – it’s whether these catalysts arrive quickly enough. Nevertheless, the token has a long history of proving doubters wrong and has indeed produced some triple- and even quadruple-digit rallies.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A massive retreat is unfolding in the XRP market after the main fundamental driver of recent weeks — the U.S. Crypto CLARITY Act — was officially put on hold.
The U.S. Senate has gone into recess, postponing the final vote until September 2026. The reaction from capital was immediate, and XRP led the decline among market leaders, settling at $1.02.
While retail traders are getting rid of the asset, the emerging Washington deadlock is weighing on the price, forcing major players to assess whether an inevitable drop below $1 would be a catastrophe or an ideal buying opportunity.
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Bollinger Bands narrow the roomTradingView chart data clearly maps out sellers' targets as XRP attacks the $1 boundary. Right now, the decline has temporarily stalled exactly at the lower daily Bollinger Band — $1.0240.
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The indicator's bands have converged into an extremely narrow corridor, which historically signals that the market is preparing for a powerful price move. Due to local oversold conditions, a short technical rebound toward the middle band at $1.0831 or the upper band at $1.1423 is possible, but this would not reverse the broader downtrend.
XRP price action on a monthly time frame within Bollinger Bands, Source: TradingViewIf sellers finally push through the psychological $1.00 level, the next stop will be a test of the lower weekly band at $0.9572. In the worst-case scenario and a full-scale market capitulation, the true lower support boundary on the monthly timeframe would be around $0.6625.
Risks and opportunities for XRP investorsThe token's next move depends on two key factors that are currently shaping the behavior of major players:
Bearish pressure: The freezing of U.S. institutional capital until mid-September and the loss of the key monthly middle line at $1.9605 open the door for a drop below the psychological $1.00 level.Bullish potential: Buyers' firm defense of the daily support at $1.0240, the potential for a strong technical rebound due to the compression of the bands, and continued demand across the global payments network are preventing the asset from an immediate collapse.In such an environment, short-term speculative capital will most likely continue avoiding XRP in the coming weeks.
However, for large strategic investors, a price decline into the $0.90–$0.95 zone, or in the event of a panic sell-off toward the monthly target of $0.6625, may be seen not as the collapse of the project but as a rare window of opportunity to build a long-term position at a deep discount.
NFT project StonkBrokers' floor price rises to 9.225 ETH, surging over 20% in 24 hours.
According to OpenSea market data, the floor price of NFT project StonkBrokers has climbed to 9.225 ETH, surging more than 20% in 24 hours, with cumulative trading volume totaling 1,734 ETH. The project has a fixed supply of 4,444 pixel-style "stockbroker" PFP NFTs (ERC-721 standard). Each NFT is linked to an ERC-6551 Token-Bound Account (TBA). At minting, tokenized stocks (including TSLA, AMZN, NVDA, AAPL, etc.) are pre-deposited, and the account can continue to receive rewards. Via the Anvil NFT AMM, users can swap a random StonkBroker NFT from the protocol vault for a fixed 666,666 units of meme coin STONKBROKER plus a small ETH gas fee; they can also sell an NFT back to the vault for an equivalent amount of tokens. Holders must spend STONKBROKER to "activate" their NFTs. The higher the activation level, the larger the weight of stock token rewards they earn. Part of the activation fee is burned, while the rest goes to the protocol. Fee flywheel mechanism: Around 70% of Anvil AMM transaction fees are converted into real stock tokens and airdropped to activated NFT-bound wallets. BlockBeats reminds users that relevant projects involve high uncertainty and price volatility, so users should exercise caution when investing.
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Jiang Zhuoer, founder of BTC.TOP (formerly LTC Mining Pool), noted in a post that stablecoins in the crypto market are continuing to flow out. Over the past month, USDT’s market capitalization has slipped from $184.2 billion to $183.1 billion, while USDC’s fell from $73.28 billion to $72.15 billion, a total decline of $22.3 billion. The current liquidity situation shows no signs of an imminent bull market. Bitcoin could rebound to the $68,000–$70,000 range at most, before a final drop following the liquidation of short positions.
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To avoid a government shutdown, the U.S. Senate passed a temporary funding bill.
The U.S. Senate passed a temporary measure on Saturday to fund federal agencies through December 11, an effort to avert a catastrophic federal government shutdown weeks ahead of the November midterm elections. According to Fox News, the vote was 90 in favor, 6 opposed, with Senator Lindsey Graham (R-South Carolina) abstaining. The measure does not guarantee a full shutdown is avoided, but it helps prevent a shutdown from occurring on October 1, the start of the government’s new fiscal year. The House of Representatives will still need to reconcile the bill after returning from recess.
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Attacker of Aztec’s private Rollup bridge transfers another 300 ETH to Tornado Cash, bringing total mixed ETH to 500.
According to PeckShield monitoring, the wallet address identified as the attacker of Aztec Network’s Private Rollup Bridge has once again deposited 300 ETH into Tornado Cash, valued at approximately $572,000. To date, the attacker has transferred a total of 500 ETH to Tornado Cash. Earlier, Aztec Network suffered a security breach in June 2026, resulting in losses of around $2.165 million in crypto assets. This fund transfer may further complicate the tracing of stolen assets.
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TUT surges over 55% in 24 hours, with its market capitalization climbing to $40 million.
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IMF: Domestic stablecoins may boost demand for U.S. dollar stablecoins
International Monetary Fund (IMF) First Deputy Managing Director Dan Katz said local stablecoins designed to reduce reliance on USD stablecoins may actually accelerate users’ shift toward USD stablecoins. Katz noted that when local stablecoins and USD stablecoins operate on the same blockchain infrastructure, users can swap between them via decentralized exchanges, liquidity pools, or peer-to-peer transactions, which could lower capital conversion costs and shift foreign exchange activities from traditional banks and currency dealers to on-chain platforms. “Local stablecoins could even accelerate the adoption of foreign exchange stablecoins (USD stablecoins),” he said. Citing South Africa as an example, Katz pointed out that while USD stablecoins already have some local adoption there, demand for local stablecoins pegged to the rand is lower. While no definitive conclusions can be drawn yet, users may prefer USD stablecoins due to their higher liquidity, stronger network effects, and broader acceptance across platforms and borders. Katz argued that the impact of stablecoins varies by country context: in highly dollarized economies, stablecoins may primarily replace existing USD-denominated assets; in countries with limited access to USD and weaker economic fundamentals, stablecoins could further increase demand for foreign currency. He called on global regulators to include stablecoin on-ramps, off-ramps, and on-chain trading platforms in their regulatory frameworks to mitigate potential risks.
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Senator Cynthia Lummis released a statement after the U.S. Senate postponed voting on the CLARITY Act until September, openly expressing her frustration with the delay. Lummis, a leading advocate for digital asset regulation in the United States, has worked to advance the bill for months and signaled her determination to push forward.
Lummis addresses the delayIn her remarks, Lummis made clear she remains committed to the bill’s passage. She stated that she will not quit now, emphasizing the importance of giving the digital asset industry clear rules to operate in the U.S. She also acknowledged that many in the XRP community share her sense of urgency.
Lummis focused on three main objectives of the CLARITY Act: protecting consumers from fraudulent schemes, building confidence within the digital economy, and providing law enforcement with better tools to address misconduct. According to her, the bill is uniquely designed to address all three goals.
Lummis underscored her frustration, saying, “You all know me and how long and hard I’ve fought for this bill, so you can imagine how frustrated I am.” She added, “The status quo fails on every level, and I will not stop fighting until we fix this broken system.”
Senate procedures and roadblocksCurrently, the CLARITY Act has 51 confirmed votes in the Senate but requires 60 to pass. Senate Majority Leader John Thune confirmed that the bill will be considered after the Senate returns from its recess in September.
The legislation has remained on the Senate Legislative Calendar since June 1. A central point of contention involves whether state attorneys general should have authority over Department of Justice ethics enforcement. While Democrats advocate for this provision, both the White House and Republican leadership have opposed it. Negotiators were unable to finalize an agreement before the recess began, preventing the bill from reaching the floor for a vote.
Mini dictionary: CLARITY Act – A legislative proposal in the U.S. Senate aiming to create comprehensive regulations for digital assets and cryptocurrencies, with an emphasis on consumer protection and regulatory clarity.
RequirementCurrent CountNeeded to AdvanceSenate votes for CLARITY Act5160Lummis’s ongoing commitmentSenator Lummis reiterated her resolve to continue building support for the legislation. She stated her readiness to keep working with colleagues when the Senate reconvenes in September, highlighting both the difficulty of the legislative process and the importance of regulatory clarity for the sector.
Lummis explained that her commitment has not wavered: “This fight is far from over. We’ve come too far to quit now.”
She has previously expressed concern that if the CLARITY Act does not pass this session, progress on meaningful crypto regulation could be pushed back as far as 2030. Her recent statement emphasized her determination to prevent further delays.
Outlook for September voteXRP holders, who have closely tracked the bill’s progress, voiced disappointment over the latest postponement. The bill maintains broad backing among Republicans, and recent developments indicate that 7 to 10 Democratic senators are also prepared to support it. Retaining this bipartisan support will be key when the legislation comes up for another vote in September.
Lummis reiterated her view that the CLARITY Act remains vital for the cryptocurrency industry in the U.S. and reaffirmed her intent to keep pressing for its approval.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
No advantage on SolanaAfter rising from its June lows, Solana is still in a consolidation phase, with neither buyers nor sellers able to gain a clear advantage. The asset is still trading in the vicinity of $74, fluctuating between its short-term moving averages while encountering ongoing resistance above.
SOL/USDT Chart by TradingViewThe picture is neutral in theory, but it is fragile. Following weeks of sideways movement, SOL is now trading close to both the 20-day and 50-day moving averages. Rather than the beginning of a significant trend, this usually indicates equilibrium between buyers and sellers. But every attempt at recovery is still capped by the 100-day moving average at $79, and the 200-day moving average is still much higher at $90, indicating that the overall trend is still negative.
According to the most recent candles, buyers are still defending the $72–$73 support range, which keeps the price from moving further toward the June lows. SOL is now confined to a progressively smaller trading range as a result of selling pressure being drawn to every rally toward the $78–$79 region.
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Momentum metrics lend credence to this view. The RSI is nearly at neutral levels, at 47, indicating that neither bullish nor bearish momentum is predominant in the market. As traders wait for a catalyst that can break the current impasse, volume has also continued to decline, indicating decreased participation.
Solana needs a clear daily close above the 100-day moving average in order to improve the technical outlook. A move like this could begin to shift medium-term sentiment and bring the psychological $85 level into focus. As of right now, the structure remains one of consolidation within a larger downward trend.
XRP prints decreasing volumesThe most recent rejection near the 20-day and 50-day moving averages has once again shifted momentum in favor of sellers, and XRP is still stuck in a persistent downtrend. The asset has returned to the crucial $1.02–$1.03 support zone after several weeks of range-bound trading, failing to produce the breakout bulls were hoping for.
The 200-day moving average is still trending considerably higher at $1.38, while XRP is currently trading below the 20-, 50-, and 100-day moving averages. This alignment demonstrates that, despite the protracted consolidation that followed June's precipitous decline, the overall trend is still bearish.
XRP/USDT Chart by TradingViewOne encouraging sign is that selling pressure has not increased. XRP has been steadily declining on decreasing volume rather than experiencing another impulsive breakdown, indicating that aggressive bears are no longer controlling the market. Nevertheless, buyers have also failed to create significant demand, trapping the asset in a gradual decline.
That balance is reflected in momentum indicators. For the first time in a few weeks, the RSI has dropped to about 36, approaching oversold territory. Oversold conditions alone are rarely sufficient to reverse a trend without confirmation from price action, though this may eventually draw bargain hunters.
The psychological $1.00 level continues to provide immediate support. Another wave of selling toward the June lows would probably result from losing that area. In order to challenge the 50-day average around $1.09, XRP must first recover the 20-day moving average.
Sentiment would only start to turn back in favor of buyers if the price continued to rise above those levels. As of right now, XRP is still trading defensively. The chart still lacks the stronger volume and higher highs required to confirm that a significant recovery has begun, even though the rate of decline has slowed.
Pressure on Shiba Inu is there Following another rejection below the 50-day moving average, Shiba Inu's recovery has stalled, leaving the meme coin susceptible to fresh selling pressure. The strong breakout that occurred earlier this month gave the impression that buyers were prepared to buck the trend, but it soon faded as SHIB fell back below the crucial resistance level.
SHIB/USDT Chart by TradingViewAfter failing to stay above $0.00000500, the price is currently trading around $0.00000464. Because it aligns with the declining 50-day moving average, that region has come to define resistance for the current market structure. Every attempt to gain a foothold above that level has drawn sellers, which has prevented the recovery from picking up steam.
Technically speaking, SHIB is still below the 50-, 100-, and 200-day moving averages, maintaining the longer-term trend's strong bearishness. The 20-day moving average still offers nearby support, but after the most recent decline, its upward slope has started to level out, suggesting that bullish momentum is waning.
During the breakout, the RSI briefly entered bullish territory, but it has since cooled significantly. After the initial buying surge subsided, the indicator now sits slightly below 50, indicating neutral momentum. The loss of momentum could lead to another test of lower support levels if buyers do not swiftly regain control.
A similar story is told by volume. Participation was remarkably high during the breakout, but turnover has been steadily declining in subsequent sessions. This implies that following the unsuccessful attempt to overcome resistance, traders are growing more cautious. The first support remains near $0.00000445, where the 20-day moving average and prior consolidation converge.
SHIB might return to the July lows at $0.00000410 if that level fails. On the other hand, reclaiming the $0.00000500 area would render the most recent rejection void and reopen the door to a more extensive recovery.
SHIB is currently in a "wait and see" phase. Although there was a brief improvement in sentiment due to the explosive rally, the broader bearish trend will continue to dominate the chart until the token closes firmly above its 50-day moving average.
Cardano keeps outperformingAfter extending its recovery toward the crucial $0.20 resistance area, Cardano is still outperforming many large-cap altcoins. Despite a slight decline in today's session, the overall technical picture is still positive following the recent breakout, which was bolstered by significantly higher trading volume.
ADA/USDT Chart by TradingViewDespite facing selling pressure near the 100-day moving average at $0.20, ADA has successfully reclaimed both the 20-day and 50-day moving averages and is currently holding above them. Compared to the structure observed in June and early July, when the asset continuously traded below all major trend indicators, this represents a significant improvement.
This pause looks more like profit-taking than a reversal. Over the past few weeks, buyers have maintained a series of higher lows, indicating that demand continues to withstand selling pressure following each advance. The recovery structure is intact as long as ADA stays above the 50-day moving average around $0.18.
Though it has somewhat cooled from recent highs, momentum is still favorable. The RSI is currently at 68, slightly below overbought territory. This suggests that bullish momentum is still present but has not reached the extreme that would normally precede a more significant correction.
The psychological $0.20 level and the 100-day moving average remain the current obstacles. The next significant technical target, the 200-day moving average near $0.26, would probably come into focus if there were a strong breakout above that resistance.
As of right now, Cardano continues to have one of the most robust recovery structures among major altcoins. As long as higher lows continue to form and the price stays above the reclaimed short-term moving averages, buyers maintain control even as resistance continues to slow the advance.
XRP holders have recently discussed their outlooks on the asset as uncertainty over its long-term potential rises. Cryptocurrency analyst Eira, an XRP investor since 2022, questioned whether her initial optimism was sustainable, citing fading confidence after a prolonged period without significant price appreciation.
Eira questions XRP’s futureEira expressed her doubts publicly, stating that while she continues to hold XRP and retains a measure of hope in its future, her belief has weakened over time. She directly addressed fellow XRP investors, asking if others shared a similar sense of confusion and concern about the cryptocurrency’s trajectory.
“I bought it in 2022 and have held it ever since. While I still believe in it deep down, my hopes are slowly fading,” Eira noted in her post, adding that she would like to hear from others feeling the same uncertainty.
She pointed to the impact of numerous optimistic price forecasts in the market, explaining that predictions from self-identified experts can sometimes influence her expectations for XRP. However, she remains skeptical that the asset could reach $5 within the coming year.
$10 target seen as realistic by some holdersRather than focusing on extreme forecasts, Eira stated she would be content to see XRP’s price eventually reach $10. She described this target as achievable in her view, emphasizing that she is not anticipating overnight wealth but would appreciate meaningful gains for her patience.
Eira’s comments reflect a more cautious attitude compared to many of the aggressive predictions circulating within the XRP community. She described herself as a long-term holder, prioritizing realistic expectations over hopes of extraordinary returns.
She also clarified that even moderate price movement would satisfy her. Eira stated she would be pleased if XRP’s value increased only $2 above her original average purchase price.
Other users joined the discussion, offering varied perspectives drawn from their own experience as XRP holders. A user named Serpico said he felt similarly, expressing that he too would be satisfied with a $10 target and remains hopeful that patience will ultimately be rewarded.
Meanwhile, Giampi described a longer-term view, explaining that he began accumulating XRP in 2017 or 2018, continuing his purchases through volatile market conditions. He compared holding XRP to homeownership, suggesting that endurance and adoption over time may eventually yield significant benefits.
Taking a more optimistic stance, Jasmine Law predicted that XRP could reach much higher prices in the event of a future “reset,” suggesting that eventual values could reach into the thousands.
These responses illustrate a wide range of expectations within the XRP community. While some holders have tempered their hopes to more modest gains, others continue to anticipate the possibility of dramatic upside.
XRP is the native digital asset on XRP Ledger, an open-source blockchain operated by Ripple for global payments and remittances. Ripple has positioned XRP as a solution for fast and cost-efficient cross-border transactions, which supporters say provides real-world utility.
Eira’s situation highlights the emotional experience of long-term cryptocurrency investing, balancing conviction with uncertainty in a volatile market where substantial price increases are never guaranteed.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The XRP derivatives market registered a swift and significant unwinding of leveraged positions, leaving buyers—who had anticipated a sustained rally—at considerable risk. The imbalance in losses between buyers and sellers reached an extraordinary ratio of nearly 29 to 1, with the majority of forced closures impacting the bullish camp.
Longs face heavy losses as XRP slipsCoinGlass reported that XRP liquidations over the past 24 hours totaled $9.93 million. Of this amount, $9.60 million was attributed to leveraged long positions, while shorts suffered only $330,620 in losses. This represents a 2,809% disparity between the two sides, underscoring the extent to which bulls were overleveraged.
The rout occurred despite XRP trading steadily at $1.037 before a mild downturn took hold in the broader crypto market. In the same 24-hour period, the overall crypto market experienced more than $199 million in liquidations, intensifying pressure on various assets, including XRP.
Buyers, heavily exposed through leverage, were caught off guard when even a modest 2.2% decline in XRP’s price triggered a cascade of liquidations. The forced closures led to a rapid and abnormal market imbalance, rarely seen at this scale in standard trading conditions.
After the brief slide to a local low of $1.014, strong spot demand emerged. The price recovered sharply in a V-shaped rebound, quickly climbing back to the $1.040 mark as large investors stepped in to purchase assets from liquidated traders. This demonstrated the market’s ability to absorb sudden liquidations, particularly when major players see an opportunity to secure discounted tokens.
Squeeze dynamics and market recoveryThe initial selloff set off a chain reaction. As the XRP price dipped, leveraged traders faced liquidation calls, leading to automated sales that induced further downward movement. This domino effect intensified the pressure on remaining leveraged positions.
Later in the day, a new profit-taking wave emerged, pulling XRP back to $1.0307. While this correction followed a swift recovery, it highlighted ongoing volatility as traders adjusted to the reset leverage levels.
The market cleansing action has removed speculative excess, leading to a healthier price structure in the medium term. Buyers now have a crucial task: defend the key psychological threshold at $1.0300 to avoid reigniting forced liquidations.
Market analysts suggest that maintaining stability above this level is vital for restoring confidence and reestablishing momentum among buyers who exited or were liquidated in the recent squeeze.
For those monitoring this volatility and seeking portfolio diversification, platforms integrating both traditional finance and crypto offer practical alternatives. 1stepSwap is one such platform, allowing users to access shares of leading US companies and commodities like gold and silver directly from their wallets. By bringing real-world assets onto the blockchain, 1stepSwap streamlines the process, offering users the best available market rates without complex intermediaries and enabling near-instant transactions on the world’s top stocks.
As the XRP market enters a period of recalibration, volatility remains elevated while traders and investors reassess their positions in light of the recent shakeout.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The XRP Ledger has released xrpld 3.3.0, its reference server software update, marking what many observers consider one of the most consequential upgrades to the network in recent years. The release bundles five amendments: Confidential MPT, Batch, Permission Delegation, Sponsored Fees and Reserves, and Dynamic MPT. RippleX Head of Product Jazzi Cooper framed the update as a leap forward for tokenized asset use cases including global transfers, trading, collateralization, and settlement.
Two of the five proposed amendments are revised versions of features that were previously withdrawn after researchers found bugs that could have allowed unauthorized transactions or fee draining. The team has since addressed the vulnerability and refined the implementations to ensure stability and safety.
What Each Amendment DoesConfidential MPT introduces zero-knowledge proofs to Multi-Purpose Token transactions, allowing transfers to be verified as valid without revealing the underlying amounts or details to everyone on the network. This gives the XRP Ledger its first native privacy feature for tokenized assets, a capability that institutional participants have long required.
Batch would allow up to eight cross-account transactions to execute atomically, while Permission Delegation would let institutions grant narrowly scoped signing authority without exposing full control. In the case of Batch, either all transactions succeed together, or they all fail, helping reduce costs and improve network efficiency.
Sponsored Fees and Reserves allows companies to pay network fees on behalf of their users, meaning customers may no longer need to hold XRP just to use applications built on the XRP Ledger. This directly lowers onboarding friction for both institutions and retail users. Dynamic MPT will let token issuers update certain token settings after launch without creating a new token, making it easier for businesses to adjust to changing regulations.
Activation Depends on Validator ConsensusThe software release does not automatically switch on any of these features. Under the decentralized governance architecture of the XRP Ledger, each amendment must achieve and maintain at least 80% support from trusted network validators for a mandatory duration of 14 consecutive days. Validators need to upgrade their nodes to 3.3.0 and then signal support for each amendment individually. The Batch amendment already failed once due to a security flaw, and while the fix appears to be in place, validators may be more cautious this time around.
Ripple Head of Engineering Ayo Akinyele said the update improves the XRP Ledger's privacy, payments, account management, and token features as more financial assets move on-chain. By introducing structured batch processing, secure permission delegation, confidential token architectures, dynamic settings, and sponsored fee models, the network is directly tailoring its infrastructure for widespread institutional adoption and real-world asset tokenization.
The 3.3.0 release is the first since version 3.2.0 to introduce new functional capabilities rather than maintenance patches. Attention now turns to validator signaling in the weeks ahead, which will determine whether these proposals cross the 80% threshold and go live on mainnet.
Sources:
CoinDesk: XRP Ledger upgrade brings back features once pulled over critical bugs
Crypto Briefing: XRP Ledger 3.3.0 to launch with five amendments including revived Batch feature
The Crypto Basic: XRP Ledger rolls out major 3.3.0 upgrade
PI has surpassed BTC, ETH, XRP, and several other major cryptocurrencies on one interesting front.
Many well-known altcoins, including Cardano (ADA), Hyperliquid (HYPE), and Zcash (ZEC), have posted some gains over the last 24 hours, yet Pi Network’s PI has failed to join the party.
Despite its renewed slump, though, the crypto community sentiment toward it is highly bullish.
Bad News? It’s quite challenging to find a leading cryptocurrency that has performed worse than PI over the past year or so. The token saw the light of day in February 2025 and at first rocketed to $3, while its market capitalization neared $14 billion.
However, what followed next was a major retreat, and now it trades at around $0.08, which is quite close to the all-time low of approximately $0.07 and represents a 97% crash from the historical peak.
That said, it seems rather strange that the crypto community remains predominantly optimistic about the token. At least that is what CoinMarketCap suggests, noting that it holds the second-highest bullish sentiment in the entire market. The first spot is for Kaspa (KAS), while industry leaders like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) rank below PI.
Most Bullish Sentiment, Source: CoinMarketCap Extreme optimism shouldn’t necessarily be interpreted as good news. The crypto sector is actually a weird one, and euphoria moments are often followed by a plunge, since prices tend to go against overall expectations.
Upgrades and More The team behind Pi Network has announced multiple ecosystem improvements since the start of 2026. Among the latest was the migration to protocol version 25, which was not disclosed on the project’s X account or website, but numerous users claimed it was in effect.
Next is protocol v26, with Pi Network recently reminding that all mainnet node operators must complete the upgrade by August 11 to remain connected to the network.
X user Ben told their more than 500,000 followers on X that the improvement is already live, with protocol 27 sitting next as “the one they’ve called the final upgrade.”
“Almost nobody watching PI thinks about node compliance, but that deadline tells you how much of the network is genuinely maintained versus just switched on and forgotten. I’d love to see the update rate published on the 12th,” they added.
Some of the ecosystem advancements have managed to stage brief rebounds for PI over the last few months, yet bears were quick to regain control. We have yet to see whether the upcoming upgrades will trigger a more meaningful rally or whether PI will continue to underperform in the near future.
Senator Elizabeth Warren has openly stated that she does not expect the CLARITY Act, a high-profile piece of cryptocurrency legislation, to be adopted before the Senate’s August recess. Her latest remarks echo a familiar stance: over a year ago, Warren raised similar objections before the passage of the Genius Act, a crypto bill she strongly opposed but which ultimately cleared Congress.
The CLARITY Act faces familiar criticismWarren, when questioned about what changes could make the CLARITY Act acceptable, said she could support effective oversight in principle. For years, she has pushed for stricter rules around digital assets, and even drafted her own regulatory proposals.
Her principal objection this time centers on the origin of the legislation. Warren contends that the CLARITY Act was “written by the crypto industry to protect and advance the crypto industry.” She maintained that the bill could create pathways for former President Donald Trump to benefit personally, arguing it would enable him to “make his next $1.4 billion on crypto scams,” risking national security and economic stability in the process.
Warren emphasized four key concerns: weak consumer protections, excessive corporate influence over digital money, threats to sanctions enforcement, and personal profit incentives for the presidency. She declared, “If this bill stays broken, it should not pass. Period.”
Rhetoric mirrors previous crypto debatesThe language and arguments Warren uses closely mirror those she deployed during the Genius Act debate. In both instances, she invoked the dangers of corruption, raised alarms about consumer safety, and referenced bribery. She labeled Trump “the most corrupt in American history” and accused him of “just taking bribes out in public.” Her persistent warnings against industry influence and political conflict of interest have become central themes in these debates.
Warren’s opposition has not caused a marked shift in sentiment among key crypto commentators. Digital Asset Investor, a well-known crypto analyst, resurfaced past footage of Warren’s fiery opposition to the Genius Act, contrasting it with the eventual outcome when the bill passed without her support. Many in the community believe history may repeat itself, as most expect the CLARITY Act to advance to a full vote regardless of Warren’s stance.
Despite public disputes between Warren and other lawmakers such as Senator Cynthia Lummis, Digital Asset Investor and others do not see Warren’s resistance as decisive, arguing that similar objections in the past did not block major crypto legislation.
Ongoing debate reflects broader regulatory questionsThe most contentious part of the CLARITY Act currently involves an ethics clause connected to state attorneys general and oversight from the Department of Justice. While this provision remains a sticking point, Warren’s consistent opposition indicates her concerns reach beyond a single issue. No significant vote movement has been detected yet, and the bill’s prospects appear resilient to her repeated criticism.
In the current fast-evolving regulatory landscape, platforms are rapidly integrating traditional finance with blockchain technology. For instance, 1stepSwap enables users to access leading US company shares and commodities like gold and silver directly through blockchain wallets, removing the need for intermediaries or complicated processes. It also automatically sources the most competitive market prices, allowing users to diversify their portfolios efficiently and buy or sell top stocks within seconds at optimal rates.
With the legislative schedule approaching a critical juncture, the question remains whether Warren’s persistent opposition will sway colleagues or if the CLARITY Act, like the Genius Act, will ultimately win approval without her endorsement.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In brief XRP fell 2.05% in 24 hours to $1.02, the lone red coin among the top 10; every other major is green. The Senate left Washington without voting on the Clarity Act, delaying the market-structure bill until at least September. XRP trades within a confirmed death cross, but prediction market traders remain optimistic for now. The Senate left town without taking up the Clarity Act, pushing the market-structure vote to at least September. Every major coin shrugged it off—except XRP.
While Bitcoin stayed flat, dealing with its own headwinds, and Dogecoin gained 1.38% over the day to be the best performer in the top 10 crypto assets by market cap, XRP dropped 2.05%, the only major token to close red.
On a week that saw it fall 3%, it's the weakest of the majors by a wide margin.
The delay isn't just procedural for XRP. The token's entire 2025–2026 rally thesis rested on the U.S. finally deciding what XRP is. The Clarity Act would sort crypto into securities and commodities and, in drafts Decrypt previously reported, would reclassify XRP, Solana, and Dogecoin as non-securities.
That means these coins would fall under the regulatory purview of the CFTC, widely viewed as the more preferable option by crypto industry observers, rather than the historically tougher SEC.
For Ripple, whose co-founder created the XRP cryptocurrency, that's the prize years of litigation were about: a federal answer to the SEC's long fight over whether XRP was an unregistered security. Ripple agreed to pay $50 million to settle its cross-appeal with the SEC, but a statute beats a settlement.
A law settles the question for every exchange, custodian, and regulator at once. Without it, XRP stays in legal limbo—and limbo is what the chart appears to be pricing.
XRP price: What the charts sayXRP is trading at $1.028, roughly a $64 billion market cap, down 0.71% on the day, after a red candle that has kept it pinned just above the $1.00 psychological floor. It's the second-lowest print on the daily chart since early 2024, above only the $0.9153 low marked last month.
XRP price data. Image: TradingviewThe trajectory is a clean, grinding downtrend. XRP has been in a strong bearish trend since 2025, when it reached $3 per coin. The 50-day EMA (the average price over the last 50 sessions) has crossed below the 200-day EMA (the average over the last 200 sessions) in a formation known as a death cross. XRP’s current price is below both lines, so there's no average acting as support beneath it.
The Relative Strength Index, or RSI, reads 35.9. RSI is a momentum gauge on a 0–100 scale: above 70 is overbought, below 30 is oversold. At 35.9, momentum is bearish with room for more downside before buyers typically step in.
The Average Directional Index, or ADX, reads 11.9. ADX measures trend strength, not direction: below 20 means the move lacks conviction and chop is common. However, the Squeeze Momentum indicator is still off, meaning volatility is expanding rather than coiling.
No compression means no loaded spring waiting to fire; moves here tend to be slow.
A bull case would appear if a daily close back above $1.10 (the lower Fib zone and first real resistance) and then the $1.13 point of control signal the floor is holding. An advance in the Clarity Act, though not until September at the earliest now, could also ignite some bullish appetite among traders.
Bear case: a break under $1.00 opens the path to $0.9153, the chart's lowest mark since 2024. A daily close there confirms the downtrend and erases the post-2024 recovery. The current trend is bearish, so this is a very likely scenario.
On Myriad, a prediction market developed by Decrypt’s parent company Dastan, traders are currently optimistic on XRP’s short-term outlook. Traders are pricing in 77% odds that XRP stays above $1.00, at least over the weekend.
For now, $1.00 is the line. Above it, XRP is cheap and oversold; below it, the chart says the slide isn't done.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief XRP fell 2.05% in 24 hours to $1.02, the lone red coin among the top 10; every other major is green. The Senate left Washington without voting on the Clarity Act, delaying the market-structure bill until at least September. XRP trades within a confirmed death cross, but prediction market traders remain optimistic for now. The Senate left town without taking up the Clarity Act, pushing the market-structure vote to at least September. Every major coin shrugged it off—except XRP.
While Bitcoin stayed flat, dealing with its own headwinds, and Dogecoin gained 1.38% over the day to be the best performer in the top 10 crypto assets by market cap, XRP dropped 2.05%, the only major token to close red.
On a week that saw it fall 3%, it's the weakest of the majors by a wide margin.
The delay isn't just procedural for XRP. The token's entire 2025–2026 rally thesis rested on the U.S. finally deciding what XRP is. The Clarity Act would sort crypto into securities and commodities and, in drafts Decrypt previously reported, would reclassify XRP, Solana, and Dogecoin as non-securities.
That means these coins would fall under the regulatory purview of the CFTC, widely viewed as the more preferable option by crypto industry observers, rather than the historically tougher SEC.
For Ripple, whose co-founder created the XRP cryptocurrency, that's the prize years of litigation were about: a federal answer to the SEC's long fight over whether XRP was an unregistered security. Ripple agreed to pay $50 million to settle its cross-appeal with the SEC, but a statute beats a settlement.
A law settles the question for every exchange, custodian, and regulator at once. Without it, XRP stays in legal limbo—and limbo is what the chart appears to be pricing.
XRP price: What the charts sayXRP is trading at $1.028, roughly a $64 billion market cap, down 0.71% on the day, after a red candle that has kept it pinned just above the $1.00 psychological floor. It's the second-lowest print on the daily chart since early 2024, above only the $0.9153 low marked last month.
XRP price data. Image: TradingviewThe trajectory is a clean, grinding downtrend. XRP has been in a strong bearish trend since 2025, when it reached $3 per coin. The 50-day EMA (the average price over the last 50 sessions) has crossed below the 200-day EMA (the average over the last 200 sessions) in a formation known as a death cross. XRP’s current price is below both lines, so there's no average acting as support beneath it.
The Relative Strength Index, or RSI, reads 35.9. RSI is a momentum gauge on a 0–100 scale: above 70 is overbought, below 30 is oversold. At 35.9, momentum is bearish with room for more downside before buyers typically step in.
The Average Directional Index, or ADX, reads 11.9. ADX measures trend strength, not direction: below 20 means the move lacks conviction and chop is common. However, the Squeeze Momentum indicator is still off, meaning volatility is expanding rather than coiling.
No compression means no loaded spring waiting to fire; moves here tend to be slow.
A bull case would appear if a daily close back above $1.10 (the lower Fib zone and first real resistance) and then the $1.13 point of control signal the floor is holding. An advance in the Clarity Act, though not until September at the earliest now, could also ignite some bullish appetite among traders.
Bear case: a break under $1.00 opens the path to $0.9153, the chart's lowest mark since 2024. A daily close there confirms the downtrend and erases the post-2024 recovery. The current trend is bearish, so this is a very likely scenario.
On Myriad, a prediction market developed by Decrypt’s parent company Dastan, traders are currently optimistic on XRP’s short-term outlook. Traders are pricing in 77% odds that XRP stays above $1.00, at least over the weekend.
For now, $1.00 is the line. Above it, XRP is cheap and oversold; below it, the chart says the slide isn't done.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP faces renewed pressure after its first ETF outflow, while EX DeFi gains attention from investors seeking cloud mining and yield opportunities.
Summary
XRP ETF records its first monthly outflow as weakening price action raises concerns over short-term market sentiment. EX DeFi gains attention from XRP holders seeking cloud mining and yield strategies amid ongoing market volatility. Despite recent ETF outflows and price weakness, long-term optimism for XRP remains supported by institutional adoption. XRP price has recently remained weak, and the first significant outflow from XRP ETF since their launch has further heightened market caution.
Recently, XRP has underperformed relative to other top-ten digital assets by market capitalization; its price has repeatedly retested previous support levels, and upward momentum has slowed noticeably. Meanwhile, the latest data from SoSoValue indicates that XRP spot ETF recorded a net outflow of approximately $3.58 million during the last trading session — the first such outflow in nearly a month — sparking market attention regarding shifts in short-term capital sentiment.
Driven by market sentiment, XRP price briefly dropped to a recent low, causing its market capitalization to retreat and resulting in the temporary loss of its position as the world’s fourth-largest digital asset. Intensified short-term volatility has prompted some investors to re-evaluate their future investment strategies for XRP.
At the same time, an increasing number of XRP holders are considering alternatives: while maintaining a long-term bullish outlook on XRP, is there a way to mitigate the impact of short-term price volatility while generating continuous additional returns on their holdings?
It is against this backdrop that the EX DeFi cloud mining platform has garnered increasing attention from investors seeking to hedge against market volatility and boost their earnings through cloud mining and yield aggregation mechanisms.
XRP ETF outflows occur, yet the long-term growth thesis remains intact Although the initial net outflow from XRP ETF has raised concerns among some market participants regarding short-term capital flows, many industry analysts believe this primarily reflects a decline in current market risk appetite rather than a fundamental shift in XRP long-term fundamentals.
In recent years, as the global regulatory environment has matured, Ripple has continued to build out its global payment network and expand into areas such as Real-World Asset (RWA) tokenization, cross-border payments, and digital financial infrastructure, thereby providing new growth momentum for the XRP ecosystem.
Despite a recent dip in secondary market trading activity and cautious sentiment among retail investors, institutional demand for long-term digital asset allocation persists, and the market’s overall foundation for growth remains fundamentally unchanged.
As XRP volatility increases, EX DeFi emerges as a new option for investors Amidst recent heightened volatility in XRP prices, an increasing number of XRP holders are turning to EX DeFi. They seek to explore more stable and sustainable yield models — leveraging cloud mining and yield aggregation mechanisms — while maintaining their long-term digital asset holdings.
Unlike high-volatility leveraged trading or strategies relying solely on price appreciation, the EX DeFi cloud mining platform offers a more convenient way to engage with digital assets. Users do not need to deploy mining rigs or maintain hardware; they simply select a hashrate contract to participate in mining services. This allows them to maximize the utility of their digital assets while keeping an eye on the long-term prospects of XRP.
About EX DeFi Founded in 2021 and headquartered in the UK, EX DeFi operates in compliance with European regulatory frameworks such as MiCA and MiFID II. The platform continuously enhances transparency, operational standards, and user protection mechanisms to deliver a secure and seamless cloud mining experience.
The platform employs a multi-layered security architecture, featuring:
Annual financial and security compliance audits by PwC; Digital asset custody insurance from Lloyd’s of London; Enterprise-grade network protection via Cloudflare and McAfee® security systems; Multi-layered encryption, AI-driven risk management, and 2FA (Two-Factor Authentication). EX DeFi currently supports a wide range of mainstream digital assets — including XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL — offering users flexible and diversified services.
How to start earning daily returns?
Step 1: Register an Account
Visit the official EX DeFi website and sign up using an email address to receive a $17 trial bonus.
Step 2: Select a mining package
Choose a cloud mining contract that suits a particular budget and timeframe, then start automated mining with a single click.
Step 3: Start earning returns
Once the contract is activated, the system automatically allocates hashrate, and earnings are settled on a 24-hour cycle. Users can withdraw their earnings at any time or continue participating to achieve long-term asset management goals.
Please visit the official EX DeFi website to view more yield-generating mining contracts.
Summary Although XRP ETF recently saw a net outflow of approximately $3.58 million — impacting short-term market sentiment — long-term prospects remain supported by a maturing regulatory environment, increased institutional participation, and ongoing development within the XRP ecosystem. The general market consensus is that short-term volatility will not alter the long-term growth trajectory of the digital asset industry.
For long-term XRP holders, the market focus is shifting from a reliance on price appreciation alone toward more diversified ways of engaging with the asset. EX DeFi cloud mining services offer users additional options for long-term participation in the digital asset ecosystem, allowing them to explore more stable and sustainable yield management strategies while focusing on the asset’s long-term value.
Still hesitating? Join the EX DeFi platform today and earn stable passive income amidst market volatility.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
XRP could be poised for a significant price surge, according to crypto analyst CryptoBull (@CryptoBull2020), who recently shared a bullish outlook suggesting a long-term rally through October 2026. CryptoBull’s technical chart identifies a sequence of higher targets, first marking $7 as an intermediate goal, followed by a potential move to $27 within the next two years.
The analyst presented a weekly chart rather than focusing on short-term fluctuations, emphasizing a steady climb supported by chart structure. CryptoBull’s prediction was accompanied by a question to his followers asking how $27 for XRP by the end of October 2026 “sounds.”
Response from the XRP community has been mixed. Some users expressed skepticism regarding the ambitious projection, with one stating the price target sounded appealing but unrealistic. Another community member argued that XRP would already be trading closer to $20 or $30 if historic analyst forecasts were achievable.
Still, certain voices in the discussion remain hopeful. One participant noted that the rollout of the DTCC tokenization pilot around the same period could drive XRP higher. Another agreed with the ultimate forecast but hoped for a $2 milestone before aiming for larger gains.
Chart structure suggests breakout potentialCryptoBull’s chart illustrates XRP moving within a long-term ascending channel. The current setup places the token in a retest phase at the channel’s lower boundary, highlighted by a green circle, where the analyst expects a potential foundation for another significant rally. A comparable channel retest in 2024 resulted in a gain of over 500% for the asset.
The projection anticipates large bullish price moves—potentially reminiscent of previous cycles—which could push XRP above recent consolidation zones. The analyst suggests that if such momentum emerges, the intermediate $7 mark would likely come into view. Maintaining this momentum inside the channel could position the upper trendline near the $27 target by late 2026.
XRP is now testing the bottom of an ascending channel. CryptoBull highlights that this retest could serve as a springboard, similar to late 2024, when a comparable move fueled a 500% surge in price. The anticipated breakout may lift XRP to $7 and possibly $27 if the structure holds.
Technical analysis and portfolio diversification toolsAt the time of reporting, XRP trades near $1.01. Achieving either of the forecasted targets would require exceptional growth in the coming years. Notably, additional analysts have issued comparable long-term outlooks, with some describing $27 as “inevitable” for XRP, though without specifying exact timelines for interim price levels.
For traders and investors navigating potential breakouts or consolidation, new financial tools are emerging to streamline investment strategies. One such solution, 1stepSwap, addresses entry barriers between traditional finance and crypto. This platform enables direct access to shares of major U.S. companies and commodities like gold and silver by transferring real-world assets onto the blockchain. Users can instantly buy or sell top stocks, always at the most competitive rates, with no intermediaries or complex procedures—supporting faster and more diverse portfolio management.
Cautious optimism prevails in the XRP community, with enthusiasm for higher price targets balanced by reminders that sustained rallies will require a decisive technical breakout from the current long-term channel.
While chart-based forecasts and bullish sentiment captivate portions of the market, analysts emphasize the need for continued technical validation and market monitoring as XRP approaches critical resistance zones.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Versan Aljarrah, founder of Black Swan Capitalist and a leading advocate within the XRP community, shared his perspective on XRP’s current market position following the recent delay of the CLARITY Act. Aljarrah stated that XRP is “trading as if the CLARITY Act delay is fully priced,” suggesting that the current price level reflects the market’s absorption of the Senate’s postponement of the pivotal vote until September.
Institutional capital remains sidelinedAljarrah emphasized that while the market has digested the news surrounding the delay, one critical factor is still not reflected in XRP’s price: the scale of institutional capital awaiting regulatory clarity. He explained that these large players remain on the sidelines because the lack of legal distinction between digital assets classified as commodities and those classified as securities prevents significant fund allocation. The CLARITY Act has gained the public support of several major institutions, yet the continued delay keeps this capital inactive for now.
The CLARITY Act aims to provide the legislative framework needed for compliance-driven institutions to invest in digital assets with confidence. According to Aljarrah, as long as this legislation remains pending, the full impact of institutional involvement is deferred and the market may underestimate the potential inflow.
XRP is trading as if the CLARITY Act delay is fully priced. What still isn’t priced is the size of the institutional capital that was waiting for that exact clarity before adding size. The longer the delay stretches, the more compressed that capital becomes.
Price compression and support levelsBuilding on his analysis, Aljarrah described a “compression” effect within the market. He argued that the longer regulatory clarity is delayed, the more institutional capital accumulates out of reach, intensifying the eventual reaction when a decision is made. This perspective is supported by XRP’s resilience, as the asset has maintained its key $1 support level for over 600 days despite shifting market sentiment and regulatory uncertainty.
Currently, XRP trades at $1.01. For many market observers, this stability indicates that traders have already factored the delayed Senate vote into pricing. However, Aljarrah suggested that the market has yet to absorb the full ramifications of potential regulatory clarity once the vote takes place.
The $1 support level has held for over 600 days through varying market conditions and significant pressure, giving Aljarrah’s argument some grounding in current price action.
Looking ahead to the September windowSenate Majority Leader John Thune noted that lawmakers plan to bring the CLARITY Act to a vote after their summer recess. This positions September as the next crucial timeframe for any potential resolution, though outstanding bipartisan disagreements over ethics enforcement remain an open question.
Aljarrah believes the delay does not diminish the opportunity for XRP, and a portion of the market appears to align with his view. He stated that institutional capital is not disappearing with each passing week; rather, it remains paused, awaiting a legislative framework to unlock new participation. For investors tracking technical indicators, keeping an eye on market developments and policy decisions remains essential for timing new entries.
Utilizing tools that offer real-time price tracking and customizable alerts, such as CryptoAppsy, can provide an edge during periods of regulatory uncertainty. CryptoAppsy, which requires no account creation hassle, combines crypto investments with live pricing, detailed charts, and multi-currency portfolio management on a unified screen. Its features—ranging from targeted price alerts to discovery of new altcoin listings and centralized macroeconomic feeds—are designed to help users swiftly respond to pivotal market news, including central bank rate changes.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Coinglass data shows 76,590 traders were liquidated in the past 24 hours for $201.31 million. SoSoValue data shows net inflows of $128.7 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $92.2 million. In the past 24 hours, top losers include Audiera, Ondo and Filecoin. Notable Developments:
CLARITY Act Delayed to September but Bitcoin ‘Doesn’t Really Care,’ Experts Say Trump Says ‘Crypto Is a Big Deal, People Are Paying With Bitcoin’ Bold Analyst Declares the ‘Bitcoin Bull Market Is Here’—3 Signals Why He May Be Right CLARITY Act Delay Means It’s ‘Pretty Much Dead,’ Expert Says: Bitcoin, Ethereum Don’t Care Tom Lee Says ‘Just A Matter Of Time’ Until Bitcoin, ETH Get Going Again MSTR Up 5%, Targets $105 Resistance For the Third Time: What’s Happening? Bitcoin Taps $65,000 but History Suggests One More Shakeout May Be Coming Trader Notes:
Senator Cynthia Lummis (R-Wyo.) expressed frustration in an X post over the CLARITY Act’s stalled progress but vowed to keep pushing for its passage, saying lawmakers have “come too far to quit now.”
Lummis argued the bill is necessary to establish clear U.S. crypto rules, protect consumers from scams and give law enforcement tools to target bad actors. She pledged to continue working with colleagues, declaring that the “fight is far from over.”
Trader Gum sees Bitcoin closely repeating its previous bear-market cycle, with a potential mid-August grind higher followed by a prolonged decline to new lows. A revisit of $57,000 could trigger a breakdown to attractive long-term accumulation levels.
CryptosBatman explained Bitcoin whale activity is mixed, with wallets holding over 10,000 BTC selling for three straight months while 1,000–10,000 BTC holders remain neutral. Meanwhile, 100–1,000 BTC wallets have steadily accumulated. Overall whale holdings have recovered to 3.06 million BTC from 2.87 million in December 2025.
Image: Shutterstock
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XRP joins Crypto.com's Dual Invest lineup@cryptocom has added XRP to its Dual Invest product, expanding a roster that already includes Bitcoin, $ETH, $SOL, $USDC, and $PAXG. Dual Invest launched in February 2025 as a structured yield tool, and the platform has been steadily broadening its asset coverage since.
Dual Invest is a feature on the Crypto.com Exchange that lets users earn rewards in one of two digital assets depending on how the market moves. The reward rate is shown to users before they enter a plan, removing guesswork around returns. At expiry, if the selected target price is reached, users receive their deposited funds and rewards in the alternate token. If the target price is not reached, they receive funds and rewards in the deposit token.
For XRP, advertised rates reach triple digits, with Crypto.com offering up to triple-digit reward rates across the product, where payouts are issued in one of two tokens. There are no additional fees for using the Dual Invest feature.
Broader XRP momentumThe addition reflects a wider push by exchanges to build yield infrastructure around XRP. On March 17, the SEC and CFTC formally classified XRP as a digital commodity, ending years of legal ambiguity. Spot XRP ETFs that launched in November 2025 have pulled in $1.43 billion in cumulative inflows.
As with any structured product, users should weigh the mechanics carefully. The higher rate versus a standard deposit represents a risk premium, not pure interest, and comes from taking on the risks of an embedded options component. Once subscribed, assets are locked until the settlement date, which may pose a risk if the market price moves further from the target price.
Sources:
Crypto.com Help Center: Dual Invest explained
Crypto.com: Dual Invest product announcement
Crypto.com University: What is Dual Invest
XRP holders can now access Ripple USD (RLUSD) liquidity on Ethereum without selling their XRP.
The option became available after Flare integrated FXRP as collateral in Sentora’s institutional RLUSD vault on Morpho.
The launch creates an isolated FXRP/RLUSD lending market on Morpho Blue. Users can mint FXRP on Flare, bridge it to Ethereum, and borrow RLUSD against their holdings in a permissionless and non-custodial way.
FXRP Becomes First XRP Collateral Asset in Institutional Ethereum Vault According to Flare, FXRP is the first XRP representation approved as collateral in an institutionally curated lending vault on Ethereum mainnet.
The integration gives XRP holders access to Sentora’s RLUSD Main vault, which currently holds around $280 million in deposited RLUSD. It is now the largest institutionally curated RLUSD vault on Ethereum.
The new market allows users to keep exposure to XRP’s price while unlocking liquidity through RLUSD loans. Borrowers retain control of their collateral, with no custodial intermediary or whitelist required.
To use the service initially, users must mint FXRP through Flare’s FAssets protocol, bridge it to Ethereum, deposit it into the FXRP/RLUSD market, and borrow RLUSD within the market’s loan-to-value (LTV) limit.
Flare said a simpler process is in development through Flare Smart Accounts. Once launched, it will allow users to access the service directly from the XRP Ledger.
Expanding XRP’s Role in DeFi Flare said the integration addresses one of the biggest challenges facing XRP decentralized finance (DeFi): access to deep stablecoin liquidity.
The company noted that limited borrowing capacity has historically restricted FXRP-based strategies and reduced capital efficiency.
Flare highlighted the network’s growth after the launch of USDT0 as an example. Following the launch, total value locked (TVL) increased from about $37 million to more than $120 million within two weeks.
By connecting FXRP with institutional RLUSD liquidity, Flare expects borrowing demand on Ethereum to create additional demand for FXRP minted through the FAssets protocol.
Institutional Review Clears FXRP as Collateral Before approving FXRP as collateral, Sentora conducted a risk assessment that examined the asset’s behavior, oracle reliability, and available liquidity for liquidations and withdrawals.
Flare CEO Hugo Philion said the integration marks an important step for XRP’s utility beyond payments.
“XRP is one of the largest assets in crypto and one of the least used in DeFi. That gap came down to infrastructure. FXRP closed part of it by making XRP programmable. This closes another part. XRP is now collateral that an institutional risk team underwrites on Ethereum mainnet.”
Jesus Rodriguez, Co-Founder and CTO-CPO of Sentora, said enabling FXRP as collateral expands XRP’s role in decentralized credit markets. In his words:
“By enabling FXRP as collateral in our RLUSD vaults, we are bringing that scale into DeFi and expanding the productive utility of XRP across onchain credit markets.”
More XRP DeFi Integrations Ahead Meanwhile, Flare said the current launch is the first step toward broader XRP-backed lending options. Future updates include direct FXRP minting from the XRP Ledger to Ethereum, removing the need for a separate bridging process.
Flare Smart Accounts are also expected to allow XRP holders to borrow RLUSD directly from the XRP Ledger without using Ethereum interfaces.
The company added that Sentora’s approval could encourage other Morpho vault curators to adopt FXRP as collateral. This could increase the amount of stablecoin liquidity available to XRP holders across decentralized finance.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Spot XRP exchange-traded funds returned to positive territory on Aug. 6, recording $3.45 million in net inflows after suffering their first net outflows in four weeks the previous session. The reversal follows $3.58 million in exits on Aug. 5, which had briefly interrupted what had been a steady run of positive flows into the funds.
Bitwise and Franklin Templeton Lead the Recovery Bitwise's XRP ETF accounted for the bulk of the rebound, drawing $2.89 million on the day. Franklin Templeton's $XRPZ added a further $561,560, bringing the two issuers together to account for the entire day's net inflow.
As of July 2026, six US spot XRP ETFs hold XRP directly: Canary Capital (XRPC), Bitwise (XRP), Franklin Templeton (XRPZ), Grayscale (GXRP), 21Shares (TOXR), and REX-Osprey (XRPR). Combined, the spot funds hold around $1.1 billion in assets.
Franklin Templeton launched its XRP ETF, the Franklin XRP Trust (XRPZ), on NYSE Arca, giving investors regulated access to the XRP token. The ETF structure lets institutional and retail investors gain XRP exposure through brokerage accounts, with daily pricing and SEC oversight.
Broader Context: Slowing but Steady XRP-backed ETFs pulled in $27.29 million in July, marking a fourth straight month of net inflows, even as the token itself traded near $1.08, down roughly 40% since the start of the year.
Inflows ran $81.59 million in April, $131.94 million in May, $59.46 million in June, and $27.29 million in July, showing the pace has cooled even as the streak holds. The single-day outflow on Aug. 5 was therefore notable as the first crack in that run, making the immediate recovery on Aug. 6 a closely watched signal for sentiment heading into the rest of the month.
Spot XRP ETFs recorded zero flows on 11 of July's 22 trading days, taking in just $27.29 million for the entire month, according to SoSoValue data, against the $666 million the same vehicles gathered in their first month of trading in November 2025. That trajectory underlines how quickly the initial launch momentum has faded, even as the products retain a loyal base of institutional buyers.
Sources
Yahoo Finance: XRP ETFs Keep Drawing Cash, So Why Is the Price Down 40%?
CoinDesk: Franklin Templeton Joins XRP ETF Race
SoSoValue: US XRP Spot ETF Dashboard
Circle has revealed the 11 founding validators for its Arc blockchain, underscoring the participation of prominent financial institutions such as BlackRock, Visa, and Mastercard. Arc, which is powered by USDC, is designed as a Layer-1 blockchain for institutional payments and the tokenization of financial assets.
Financial giants join Arc launchArc’s founding validators also include DTCC, Galaxy, Global Payments, ICE, MoneyGram, SBI Group, Standard Chartered, and Sumitomo Corporation. According to a post by Coin Bureau on X, the roster signals a significant step as leading global payment and financial processing companies move to play a direct role in emerging blockchain ecosystems.
USDC issuer Circle, a key player in digital finance infrastructure, recently secured full National Trust Bank approval from the Office of the Comptroller of the Currency, enabling it to expand its institutional service offerings further.
Arc brings a new degree of institutional credibility with the involvement of longtime traditional finance leaders such as BlackRock, Visa, and Mastercard, joining technical and financial specialists in the validation process.
ChartNerd, a crypto market analyst, emphasized that this development not only highlights Arc’s institutional credentials but could also have wider implications for blockchain sector partnerships.
Ripple’s connections with Arc participantsShifting focus to Ripple, ChartNerd pointed out that the company already maintains established relationships with several institutions featured in Arc’s validator group. Ripple, a fintech company known for its cross-border payment solutions powered by the XRP Ledger, has engaged in strategic partnerships within the sector for over a decade.
He specifically named SBI Group, which reportedly holds a 9% equity stake in Ripple. He also referenced Ripple’s interactions with BlackRock’s BUIDL and Securitize for smart-contract based solutions, as well as joint tokenization pilots involving JPMorgan and Ondo.
Mastercard’s exploration of agentic payments on the XRP Ledger and Standard Chartered’s longstanding investment in Ripple were cited as further examples of these overlapping networks.
The Depository Trust & Clearing Corporation (DTCC), a major provider of clearing and settlement services in US markets, is also present in both Arc’s validator lineup and Ripple’s ecosystem, participating in tokenization initiatives such as Ripple Prime.
Mini dictionary: DTCC (Depository Trust & Clearing Corporation), a US-based financial services company that provides clearing, settlement, and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, and other financial instruments.
Approval process for RippleChartNerd underlined the significance of regulatory timelines for Ripple, reporting that the company has until July 2027 to obtain full approval from the Office of the Comptroller of the Currency. This follows the conditional approval Ripple received in December 2025, launching an 18-month window to fulfill final requirements.
The potential for Ripple to fully realize its infrastructure stack and deliver financial services across the asset lifecycle hinges on regulatory clearance, in addition to its track record of institutional partnerships.
If Ripple secures the necessary approvals, ChartNerd indicated that its technology could serve a broader set of institutions, drawing on these integrated relationships and experience in payments and tokenization.
CompanyRole in ArcLink to RippleBlackRockFounding ValidatorBUIDL, Securitize collaborationVisaFounding ValidatorParticipated in blockchain initiativesMastercardFounding ValidatorAgentic payments on XRP LedgerSBI GroupFounding Validator9% equity stake in Ripple, decade-long partnershipStandard CharteredFounding ValidatorInvestor in RippleProspects for XRP and RLUSDChartNerd concluded that XRP and RLUSD, the dollar-backed digital asset operated within Ripple’s ecosystem, are both positioned amid increasing institutional engagement in digital assets. He emphasized that while Circle’s validator group features several companies with Ripple ties, this does not automatically mean these institutions will integrate with the XRP Ledger or use Ripple’s solutions.
The convergence of major financial institutions in blockchain validator roles reflects growing interest in tokenization and digital payments. ChartNerd identified Ripple’s next step as leveraging its network of partnerships, along with a comprehensive regulatory approval, to expand its footprint in institutional financial services.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP Ledger version 3.3.0 is now available, introducing one of the biggest software upgrades in the network’s history. Meanwhile, this XRPL upgrade focused on improving privacy, transaction efficiency, and institutional adoption
Despite the positive news for the XRP Ledger ecosystem, the XRP slipped 2.5%, performing weaker than the overall crypto market.
What Is New in XRP Ledger Version 3.3.0?The XRP Ledger (XRPL) has released version 3.3.0, introducing six major protocol upgrades that validators will review before they can go live on the XRP Ledger.
One of the biggest additions is Confidential Transfers, which allows Multi-Purpose Token (MPT) transactions to hide balances and payment amounts while still being verified through zero-knowledge technology.
Another major feature is Sponsored Fees, allowing banks, businesses, or platforms to pay XRP transaction fees and account reserves for users. This makes onboarding easier because new users no longer need to hold XRP before using XRPL services.
The upgrade also introduces Batch Transactions, enabling up to eight transactions to settle together. If one transaction fails, the entire batch is canceled, reducing settlement risk for financial institutions.
Other changes include Permission Delegation, Dynamic MPT, and infrastructure improvements that reduce validator memory usage by around 10% to 15%, helping the network process transactions more efficiently.
Why Has the Upgrade Not Gone Live Yet?Although the software is available, the new features still require approval from XRPL validators before activation.
Each amendment must receive 80% validator support and maintain that approval for 14 consecutive days before it becomes active on the mainnet. This process is designed to protect network security.
The careful review comes after earlier versions of the Batch and Permission Delegation features were delayed because researchers discovered security issues that could have allowed unauthorized transactions.
To strengthen the release, Ripple partnered with Web3 security firm Sherlock, which organized community security testing and distributed $309,000 in RLUSD rewards to identify and fix vulnerabilities before the rollout.
The @Ripple team brought five upcoming areas of the XRP Ledger roadmap to Sherlock in our first major collaboration.
XRPL activates new functionality through amendments. Before activation, Ripple brought the scope to Sherlock for competitive external review.
Two weeks of… pic.twitter.com/Y9DTB1iG9l
— SHERLOCK (@sherlockdefi) August 5, 2026 Why Is XRP Dropping Even After the Upgrade?Despite the positive development, XRP continues to trade under pressure, falling about 2.5% over the past day to around $1.03. This made XRP one of the weakest performing major cryptocurrencies this week.
However, if validators approve the amendments, the XRP Ledger could complete one of the most significant technical upgrades in its history.
Story Ends Here
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XRP investors who anticipate immediate price surges following each major Ripple development may need to reconsider their expectations, according to comments from wealth strategist Arthur.
Ripple’s leadership prioritizes payments infrastructureArthur emphasized that Ripple CEO Brad Garlinghouse and company president Monica Long remain dedicated to building cross-border financial infrastructure instead of closely monitoring the daily market value of XRP. Ripple, headquartered in San Francisco, is known for its suite of solutions designed to facilitate instant global payments using blockchain technology.
In a widely shared post, Arthur stated that the company’s executives focus on competing with established financial systems and processing high-value settlements, rather than making decisions based on individual holders’ portfolios.
Brad Garlinghouse and Monica Long are building a global payment infrastructure, competing with legacy systems, settling trillions, and moving capital across borders in seconds – they’re not starting each day thinking about the XRP community’s portfolio.
Arthur added that price increases in XRP should be seen as a possible outcome of Ripple’s broader business progress, rather than its core mission. He cautioned that investors may feel let down when key milestones do not immediately affect XRP’s price, particularly if they focus only on short-term performance averages.
He encouraged community members to treat Ripple primarily as a company dedicated to financial infrastructure. According to Arthur, investors should interpret XRP as a long-term infrastructure play, not as a short-term speculative asset.
Debate over XRP’s value accrual and investor expectationsSome community members echoed Arthur’s stance but also highlighted the need for Ripple to further clarify how its corporate growth could translate to value for XRP holders. One user, OptimaPs, agreed with Arthur’s perspective but noted that aligning with Ripple’s vision should not require investors to adopt the same timetable as the company. OptimaPs argued that Ripple’s progress and the interests of XRP holders remain inherently related, as in traditional equity markets.
Another participant, Alew, concurred with Arthur’s assessment “for the most part” but raised concerns regarding Ripple’s transparency. Alew questioned whether Ripple communicates effectively about how its business activities, such as the focus on RLUSD or other new initiatives, would produce value for the XRP token itself.
Alew compared Ripple’s communication practices to other blockchain projects such as Canton Network, led by Yuval Rooz, which provide more frequent updates about token value accrual mechanisms. The commenter suggested that clear tokenomics and direct communication remain essential for XRP investors to understand the pathway from Ripple’s business developments to potential increases in XRP’s market value.
Arthur’s post thus reinforces the distinction between Ripple’s corporate objectives and the expectations of XRP holders. He maintained that investors should evaluate Ripple’s progress based on the expansion of its payment infrastructure, rather than expecting every announcement to influence XRP’s market price dynamics.
Mini dictionary: Canton Network, a blockchain platform led by Yuval Rooz, focuses on secure, interoperable financial solutions for institutional participants, differentiating itself through regular communication about project tokenomics.
Ripple’s infrastructure priorities mean that immediate price movements in XRP should not be the sole yardstick for measuring the company’s progress.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP recorded its lowest daily close of 2026, slipping back to price levels last seen at its June bottom and bringing renewed attention to the $1 support zone.
Price action pressures $1 supportMarket analyst ChartNerd stated that XRP has now revisited its June lows after several weeks of persistent declines. The digital asset faced notable selling pressure stemming from consistent rejection at its 50-day exponential moving average. According to ChartNerd, XRP failed to dominate the 20-day EMA, which accelerated the drawdown and drove the price down to $1.01 before experiencing a slight recovery to around $1.03, as reported by CoinCodex.
With XRP now trading just above $1, many traders are watching closely to determine if the downward move is reaching capitulation. The $1 level holds significant psychological weight and previously drew substantial buying interest in June. Analysts consider this zone a decisive area that could define the next directional move for the asset.
Several observers view the current price region as a pivotal inflection point, rather than evidence of a lasting breakdown, because the June lows previously saw active accumulation by buyers.
If this support falters, analysts warn that selling could accelerate as automatic stop-loss orders get triggered below $1.00. However, a sustained hold above the support zone could signal an opportunity for stabilization and potential recovery.
Technical outlook and key resistance levelsAnalysts highlight that a consolidation above $1.00 to $1.03 is necessary for XRP to build a foundation for any future rebound. Reclaiming the 20-day exponential moving average would be the initial sign of shifting momentum, while moving above the 50-day EMA could confirm that bearish sentiment is waning. Conversely, any failure to hold the current support range could generate significant downward momentum.
Despite the price weakness, some bullish commentators continue to argue that the broader market structure remains intact. They point to bullish RSI divergence and historic Elliott Wave patterns, suggesting conditions may be forming for a potential upward breakout known as a Wave 3 move.
If XRP surpasses the $1.30 to $1.60 resistance range, some analysts believe it could trigger a major impulsive move, with long-term targets cited as high as 2,000% above current levels. While these forecasts are speculative, they highlight why the $1 region is attracting heightened market attention.
Market technicians suggest that a decisive close above the $1.30-$1.60 range may pave the way for a significant uptrend, though such scenarios remain uncertain and highly debated within the trading community.
Support LevelResistance LevelTechnical Indicator$1.00 – $1.03$1.30 – $1.6020-day & 50-day EMAInstitutional flows and on-chain fundamentalsInstitutional interest in XRP appears to be outpacing major rivals. JPMorgan recently reported that XRP registered the largest monthly ETF inflow surge as a percentage of assets under management since July 2025. This performance reportedly surpassed Bitcoin, Ethereum, and Solana for the same period.
In parallel, the tokenization ecosystem on the XRP Ledger has expanded rapidly, with a reported value near $4.3 billion, reflecting increasing enterprise adoption and on-chain activity.
The XRP Ledger is a decentralized public blockchain developed by Ripple Labs, focused on real-time payments and scalable enterprise transaction processing.
Mini dictionary: XRP Ledger, a decentralized blockchain powering fast and low-cost international transfers and enterprise-grade tokenization capabilities.
For the near term, market participants are focused on whether XRP can defend the June lows and stage a reversal, or if this latest drop will lead to further downside pressure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.
XRP whales increasing holdings Whale accumulation on the XRP Ledger (XRPL) is accelerating, with the number of wallets holding between 100 million and 1 billion XRP rising sharply to represent 11.79%% of the circulating supply as of Friday, up from 11.65% the day before.
Investors with between 10,000 and 100,000 XRP are also stacking the token despite the ongoing selling. According to Santiment, this cohort of whales holds 11.86% of the circulating supply so far on Friday. Continued risk-on behavior could drive increased demand, effectively offsetting selling pressure and supporting a sustained market recovery.
XRP Supply Distribution | Source: Santiment Meanwhile, risk appetite has improved but only marginally, with sentiment currently in the Fear territory at 29, up from 25 in the Extreme Fear territory on Thursday, according to the Fear & Greed Index. If sustained, strong sentiment would mean risk assets are attractive to investors, thus raising the odds of a sustained recovery.
Crypto Fear & Greed Index | Source: AlternativeTechnical analysis: XRP retains a broad bearish outlookXRP trades at $1.03, keeping a clear bearish near-term bias as price holds beneath the downward resistance trendline at $1.06 and all key Exponential Moving Averages (EMAs). The 50-day EMA at $1.11, clustered with the SuperTrend line at $1.11, reinforces the notion of overhead supply, while the 100-day and 200-day EMAs at $1.19 and $1.39, respectively, frame a broader downtrend.
Momentum remains weak, with the Relative Strength Index (RSI) hovering near 37 and the Moving Average Convergence Divergence (MACD) in negative territory and below its signal line, suggesting sellers retain control.
XRP/USDT daily chartInitial resistance aligns at the former break area of the descending trendline around $1.06, followed by a dense technical ceiling around the 50-day EMA and the SuperTrend barrier at $1.11. Above that, the 100-day EMA at $1.19 is the next hurdle before the longer-term bearish structure defined by the 200-day EMA at $1.39 comes into play. Further declines would leave XRP searching for fresh demand zones at $1.00, unless buyers first reclaim the $1.06 region to ease immediate downside pressure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
IMC-Chicago, a proprietary trading firm and market maker with $418 billion AUM, has disclosed massive holdings in XRP ETFs. The trading giant also revealed millions in options positions, increasing its bullish calls on multiple XRP ETF positions.
IMC-Chicago Bullish on XRP as it Boosts Exposure in ETFs Chicago-based market maker IMC-Chicago disclosed significant exposure to multiple XRP ETFs in its Q2 filing with the US SEC. The firm has boosted its total portfolio value by almost 50% this quarter amid rising interest in crypto and other areas.
IMC-Chicago opened key positions in multiple spot and leveraged XRP exchange-traded funds, along with direct holdings. The trading firm purchased 28,237 shares in Bitwise XRP ETF, 12,207 shares in Teucrium 2x Long Daily XRP ETF (XXRP), and 10,531 shares in Volatility Shares 2x XRP ETF (XRPT).
In addition, the firm opened new call bets in Bitwise XRP ETF and XXRP. IMC-Chicago also held call positions in Canary XRP ETF, XXRP, XRPT, and ProShares Ultra XRP ETF. This indicates the firm has turned more bullish on XRP amid Ripple and XRPL’s tokenization push.
Meanwhile, the presence of 135,900 put options on the leveraged Teucrium ETF XXRP indicates hedging activity. This comes as crypto market uncertainty remained high amid the US-Iran war.
The disclosure comes as institutional interest in XRP continues to grow. As CoinGape reported earlier, $3.6 billion AUM EverSource Wealth Advisors disclosed significant holdings in multiple XRP funds. Also, Bank of America (BofA) holds 13,000 shares of the Volatility Shares XRP exchange-traded fund.
Will XRP Price Bounce amid Growing Institutional Interest? XRP price has rebounded nearly 2% after falling, following Senate Majority Leader John Thune promised Clarity Act vote first in September. The price is still trading in the red at $1.03, with a 24-hour low and high of $1.02 and $1.05, respectively.
The latest rebound comes amid a consistent rise in trading volume over the last 24 hours, while Ripple announces XRPL 3.3.0 upgrade. Institutional interest also helped resist further fall. Notably, Grayscale’s GDLC ETF increased XRP weight in the fund and growing institutional interest in XRP.
However, the derivatives market shows mixed activity today, as per CoinGlass data. The total XRP futures open interest held near $2.35 billion amid whale buying and XRP ETF inflows. The cumulative inflows in XRP exchange-traded funds have reached above $1.51 billion, as funds saw $3.45 million in inflows on Thursday.
As per the latest XRP price prediction, XRP price has immediate resistance at $1.08. A breakout may trigger the price to $1.12 and then to $1.18. However, failure to stay above $1.00 may expose XRP to $0.96 and $0.92 support levels.
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XRP analyst ChartNerd has identified what could be a repeating historical pattern in XRP’s price, suggesting the cryptocurrency may be nearing a significant market phase if the trend continues. The observation, shared on X, highlights how XRP’s price structure historically forms a so-called “spring” before experiencing sharp gains.
ChartNerd applies Wyckoff method to XRPChartNerd, an active cryptocurrency market commentator, shared a chart comparing XRP’s price action from 2013 to its projected trajectory through upcoming years. The chart points to a series of “spring” formations—moments when XRP briefly dipped before launching into stronger upward moves.
The current price structure places XRP above a long-term rising trendline, with the latest spring pattern emerging just above the $1 level. The projection on ChartNerd’s chart depicts a possible period of sideways consolidation, followed by a projected rally toward $3.80 by 2028.
The analysis draws on the Wyckoff method, a technical framework for reading market cycles, accumulation, and distribution phases through price and volume patterns.
Mini dictionary: Wyckoff method, a technical analysis approach developed by Richard Wyckoff that interprets market behavior through patterns of accumulation (buying), distribution (selling), and phases of markup and markdown.
ChartNerd’s projection is not a confirmed prediction, but rather an interpretation of historical market behavior that relies on sustained buying pressure for any potential breakout.
ChartNerd’s chart marks major spring phases throughout XRP’s history, illustrating a recurring tendency for the price to sink before recovering and entering a rally. The latest pattern appears near present-day price action, raising speculation about a new uptrend.
The post has prompted debate among traders and community members about the reliability of historical patterns under current conditions. Some users questioned how long XRP might remain in its present consolidation phase, with the X user Xeowolf disagreeing that the market would need to wait until 2028 for any substantial price moves. Others argued the cryptocurrency could gain much sooner than projected.
Another user, Defender, pointed out several major differences between earlier and present market contexts. Defender cited the introduction of potential spot XRP exchange-traded funds (ETFs), new treasury management approaches involving XRP and RLUSD, clearer regulatory guidelines, and increased tokenization activity as key factors potentially reshaping the outlook for XRP’s performance.
Mini dictionary: RLUSD, short for Ripple USD, is a stablecoin issued by Ripple pegged to the US dollar and designed for enterprise payments and on-chain liquidity.
User JD123 suggested that upcoming cryptocurrency legislation, such as the CLARITY Act in the United States, may shorten the timeline for any potential breakout, proposing that new regulations could accelerate a shift away from the current rangebound movement.
The community’s discussion emphasizes that while historical chart patterns have appeared before, evolving products and regulations could impact XRP’s market behavior and shorten or alter the projected cycle.
Critical factors influencing the current setupChartNerd continues to track the resemblance between past and present chart patterns, identifying potential “spring” moments that have previously preceded major gains. However, community responses highlight that external developments—such as institutional adoption, stablecoin integration, regulatory clarity, and the growth of tokenized assets—are likely to play a significant role in XRP’s next phase.
Continued speculation surrounds whether market conditions will repeat or diverge from previous major moves. While the Wyckoff framework remains a common lens for technical analysts, some observers remain cautious about direct comparisons given the rapid evolution of the crypto market.
FactorPast XRP CyclesCurrent XRP MarketSpot ETF availabilityNot availablePotentially launchingStablecoins (e.g., RLUSD)Not presentDevelopment underwayRegulatory climateUncertainImproved clarityTokenization sectorLimitedExpandingDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP developers have marked a significant achievement as Font Awesome, the widely used icon toolkit, now officially includes both the XRP token and XRP Ledger (XRPL) logos. This update comes after seven years of concerted community efforts, including ongoing GitHub discussions and voting campaigns.
Years of advocacy result in digital recognitionFont Awesome rolled out its 7.3.0 release in June 2026, introducing brand icons for both XRP and XRPL. This development follows multiple requests and threads dating back to 2018, when XRP builders first approached Font Awesome to add the token’s logo to its collection.
Bitcoin and Ethereum logos had appeared in the Font Awesome icon set for many years, but developers creating XRP-based apps were forced to use workarounds, such as adapting or self-hosting custom SVG images. This absence became a recurring topic, particularly as advocates suspected a lack of representation for the Ripple ecosystem among leading tech platforms.
By 2020, community-led momentum intensified, with token holders and developers organizing voting campaigns to keep the request visible. The initiative eventually grew to include broad support across various XRP ecosystem projects.
Easy integration streamlines ecosystem developmentThe inclusion of XRP’s official logo in Font Awesome marks a practical turning point for developers and designers. Used by nearly 28 million websites worldwide, Font Awesome’s library is an industry standard for web graphics.
With this addition, builders of web-based wallets and DeFi analytics platforms can now incorporate the XRP logo seamlessly using a standard line of CSS. This development greatly simplifies the process and assures uniform branding, ending years of workaround solutions.
Crypto platform Bithomp, a devoted supporter of the campaign, quickly responded to the release by sharing information and direct links to the new design assets. This response reflects the enthusiasm within the wider XRP community following the update.
Adding the XRP logo to Font Awesome enables designers and developers to integrate XRP’s official branding into their projects instantly, which strengthens visibility and eases user recognition across digital platforms.
Expanding access to traditional assetsAs standardization of digital assets continues across the industry, solutions like 1stepSwap stand out for bridging the gap between traditional finance and blockchain. By transferring real-world assets directly to the blockchain, the platform enables access to U.S. equities and commodities such as gold and silver through a single wallet interface. Advanced algorithms allow 1stepSwap users to buy and sell leading stocks at the most competitive rates in the market, helping them manage portfolios without intermediaries or complex procedures.
Font Awesome’s recognition of XRP comes as cryptocurrencies seek stronger integrations into both mainstream digital finance infrastructure and user-centric applications.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
J.A. Akinyele, Senior Director of Engineering at Ripple, has been named one of the speakers for the upcoming XRP event, XRP Seoul 2026. The official XRP Seoul 2026 event X account announced this in a recent post.
Akinyele, the Senior Director of Engineering at Ripple, leads the development of AI, privacy, scalability, and institutional-grade infrastructure for the XRP Ledger and is well-positioned to speak about what comes next for the XRPL ecosystem, driving innovation to advance the next generation of decentralized finance.
The XRP Ledger has just welcomed a major upgrade, version 3.3.0, which introduced six amendments for voting as well as major non-feature amendment changes.
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We're honored to welcome @ja_akinyele ,Senior Director of Engineering of @Ripple.
Ayo Akinyele is the Senior Director of Engineering at Ripple, where he leads the development of AI, privacy, scalability, and institutional-grade infrastructure for the XRP Ledger. With more than… pic.twitter.com/PsamQwbQA7
— XRP Seoul 2026 🇰🇷 (@XRPSEOUL) August 7, 2026 Akinyele joins a rich speaker list for the XRP Seoul event, including Ripple President Monica Long, Markus Infanger, SVP of RippleX, and Chandler Fang, Founder of t54ai.
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The XRP Seoul 2026 event, hosted by XRPL Korea with Ripple as Title Sponsor, is scheduled to be held on October 3 at Grand Hyatt Seoul.
XRP Ledger 3.3.0 arrivesXRP Ledger version 3.3.0 has launched, introducing six new amendments for voting, including Confidential Transfer, Batch, Sponsor, Permission Delegation, Dynamic MPT, and fixCleanup, which includes bundled fixes.
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RippleX
software engineer Mayukha Vadari outlined non-feature-amendment changes in the XRPL version release, including over a 15% reduction in memory usage, improved online_delete performance, and 60 fixes for bugs uncovered by the AI red team effort.
Other changes include assorted small fixes in the fixCleanup3_3_0 amendment, such as deleting expired credentials in Permissioned DEX trades; improved invariants that ensure the XRPL is behaving the way it should; an upgrade from C++20 to C++23; several old amendments that have been activated for over 2 years, such as Clawback, retired to simplify the codebase; and test coverage increased across the repo from 82% to 82.9%.
Vadari added that a large number of little fixes, refactors, and improvements across the codebase and build system were introduced through the upgrade, which are relatively invisible to users and operators but help make xrpld incrementally better and easier to maintain.
Ripple has announced key details for the upcoming XRP Seoul 2026 event, including its date, location, and a distinguished lineup of speakers. The event, organized by XRPL Korea and supported by Ripple as the Title Sponsor, will take place on October 3 at the Grand Hyatt Seoul.
High-profile speakers confirmed for XRP Seoul 2026J.A. Akinyele, Senior Director of Engineering at Ripple, has been confirmed as one of the main speakers for the conference. Akinyele will join other notable figures from the Ripple ecosystem, including Monica Long, President of Ripple; Markus Infanger, Senior Vice President of RippleX; and Chandler Fang, Founder of t54ai.
Ripple, founded in 2012, is a San Francisco-based technology company focused on developing payment solutions using blockchain technology. It is known for its contributions to cross-border settlement systems and the development of the XRP Ledger, an open-source decentralized blockchain.
XRP Seoul 2026 is expected to attract significant attention from the regional and global blockchain community as it gathers developers, industry leaders, and innovators to discuss advances around the XRP Ledger and new blockchain applications.
XRP Ledger 3.3.0 brings major technical enhancementsAlongside the event announcement, Ripple revealed that the XRP Ledger has undergone a major upgrade with the release of version 3.3.0. This update introduces six new amendments available for validator voting: Confidential Transfer, Batch, Sponsor, Permission Delegation, Dynamic MPT, and fixCleanup, which bundles a series of fixes together.
Mini dictionary: Confidential Transfer is a protocol feature that allows users to conduct private transactions, concealing transaction amounts from public view while preserving verifiability, often leveraging cryptographic techniques like zero-knowledge proofs.
Software engineer Mayukha Vadari shared that version 3.3.0 delivers a comprehensive set of improvements. Among these are a reduction of more than 15% in memory usage, enhanced online_delete performance, and 60 bug fixes resulting from reviews by an AI red team.
In addition to the visible changes, numerous small fixes, code refactors, and build system improvements have been implemented, making the core xrpld software more reliable and easier to maintain for both operators and developers.
The upgrade also includes the fixCleanup3_3_0 amendment, which, among other changes, ensures expired credentials are deleted in Permissioned DEX (decentralized exchange) transactions. Upgraded invariants have been implemented to further secure network operations.
The technical update advances the underlying codebase from C++20 to C++23. Old amendments like Clawback, which have been active for over two years, have been retired to streamline operations and simplify the repository.
Boosted reliability and increased test coverageTest coverage for the entire XRP Ledger repository has been improved, rising from 82% to 82.9%. This enhancement aims to further reinforce the stability and security of the network as it continues to evolve.
Ripple and its engineering team emphasized that while many of these changes may not be directly noticeable to typical users or node operators, they play an essential role in ensuring the ongoing health and scalability of the broader XRPL ecosystem.
Upgrade AreaMain ImprovementMemory UsageReduced by over 15%Bug Fixes60 issues fixedC++ StandardUpgraded from C++20 to C++23Test CoverageIncreased from 82% to 82.9%Amendments Added6 new features for votingDevelopers and participants in the XRP Ledger community are now evaluating the new amendments, with validator voting set to determine their eventual activation on the mainnet.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP remains under sustained selling pressure against both USDT and BTC, with the higher time frame structure continuing to favor the bears. The latest breakdown below the key horizontal support reinforces the prevailing downtrend and leaves the market vulnerable to another leg lower unless buyers quickly reclaim the lost levels.
Ripple Price Analysis: The USDT Pair On the XRP/USDT chart, the price continues to trade inside a well-defined descending channel while remaining below the 100-day and 200-day moving averages. The 100-day MA has acted as a close dynamic resistance throughout the decline, while the 200-day MA continues to trend lower well above the current price, highlighting the weakness in the broader trend.
A potential breakdown of the $1-$1.05 support zone marks an important bearish development. This area has repeatedly attracted buyers over the past several weeks, but a breakdown would suggest demand is fading. If XRP breaks below this level, sellers will be in even more control.
The next major support sits around the $0.90 region, which should be defended at all costs. On the upside, the first resistance is the $1.25 zone, which is located between the key moving averages and just above the descending channel’s upper boundary. The broader resistance remains around $1.50, where previous distribution occurred.
Meanwhile, momentum also favors the sellers. The RSI has dropped toward the lower portion of its range without yet showing a convincing bullish divergence, suggesting downside momentum remains dominant despite approaching oversold territory.
The BTC Pair The XRP/BTC pair paints an even weaker picture. The price has broken below the critical horizontal support around 1,700 sats, confirming a continuation of the prevailing downtrend after several weeks of sideways consolidation. The failed attempts to reclaim this level indicate that previous support has now turned into resistance.
The pair also remains below all major moving averages, with the 100-day average trading beneath the longer-term one, reinforcing the bearish market structure. Meanwhile, the asset continues to respect the descending channel that has guided the decline for several months.
The next area of interest is the lower support zone around 1,500 sats, which also coincides with the lower boundary of the descending channel. This region could attract buying interest, but a failure to hold it would be disastrous and further aggravate the bear market.
On the other hand, to improve the technical outlook, XRP would first need to reclaim the 1,700 sats level before challenging the 1,850 sats resistance zone. A stronger trend reversal would only become more likely if buyers also break above the descending channel resistance and push beyond the cluster of moving averages, which currently remain well overhead.
Overall, both XRP/USDT and XRP/BTC continue to display bearish market structures. While the price is approaching notable support areas that could trigger a short-term relief bounce, the broader trend remains negative until XRP begins reclaiming key horizontal levels and breaks above its long-term descending resistance.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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The XRP derivatives market has experienced a sharp cleanup of leveraged positions, catching the buyer camp off guard. Bulls counting on uninterrupted growth of XRP found themselves trapped — a cascade of forced closures created an abnormal imbalance between buyer and seller losses of nearly 29 to 1.
According to data from CoinGlass, total XRP liquidations over the past 24 hours reached $9.93 million. Of that, a massive $9.60 million came from leveraged longs. Bears (shorts), meanwhile, escaped with minimal losses of $330,620.
Crypto derivatives market: Liquidation heatmap over the past 24 hours, Source: CoinGlassThis enormous 2,809% imbalance clearly showed just how heavily leveraged the buyer camp had become.
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How a small squeeze turned into an avalanche for XRP bullsThe market drama did not require a major crash. XRP was trading steadily around $1.037 when mild broader-market negativity — the crypto market lost more than $199 million in liquidations over the past 24 hours — pushed XRP lower.
The price of the token fell by just 2.2% to a local low of $1.014.
Under normal conditions, this would be an ordinary price fluctuation, but for traders using high leverage, this move lower triggered a domino effect. The first forced calls began putting pressure on the price, pushing it even lower and automatically liquidating the next group of market participants.
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The XRP chart clearly illustrates the dynamics of this battle. Immediately after the morning drop to $1.014, the asset met strong spot demand. The price was bought back in a V-shaped recovery toward the $1.040 level.
XRP price action over the peiod under review (24h), Source: TradingViewThis shows that large investors immediately used the opportunity to pick up cheap coins from liquidated leveraged traders.
In the evening hours, a second wave of profit-taking emerged in the market, locally correcting XRP to its current level of $1.0307.
The market has cleared out speculative excess, which makes the price structure healthier in the medium term. The main task for buyers right now is to hold the psychological $1.0300 level in order to avoid triggering another round of margin calls.
XRP’s recent price movement indicates sustained bearish momentum in the market, as sellers control direction and traders assess whether the crucial $1.00 level can withstand persistent downward pressure. This environment developed after Ripple‘s token closed at its lowest daily level so far in 2026, extending a multi-week downward trend.
XRP price today faces growing technical pressureXRP was trading close to $1.04 after falling beneath both short- and medium-term moving averages. On TradingView, analysts highlighted a bearish Break of Structure (BoS) after XRP lost support at the $1.0473 swing low, pointing to a market structure that continues to work against buyers.
According to technical analysis, the 21-period Exponential Moving Average (EMA), currently near $1.0527, and the 55-period EMA, hovering around $1.0669, have become resistance zones for XRP. The analyst emphasized that a bearish continuation pattern could solidify if the price is rejected between $1.0473 and $1.0527 or if XRP records another four-hour close below approximately $1.0261.
If selling momentum intensifies, $1.015 is identified as the next liquidity target, with the $1.00 psychological mark acting as the most significant downside objective. However, analysts indicated that a sustained four-hour candle above the 55 EMA would shift the outlook away from its current bearish stance.
Moving AveragePrice LevelStatus21-period EMA$1.0527Resistance55-period EMA$1.0669ResistanceSupport (liquidity target)$1.015Potential supportPsychological support$1.00Major support$1.05 turns from support into resistanceChartNerdTA, a crypto market observer, noted that XRP validated a bearish scenario first published on July 31 after XRP closed near $1.02, marking the lowest daily close seen in 2026. The chart displays repeated failures to move above the 20-day and 50-day EMAs and unsuccessful attempts to reclaim the $1.16-$1.24 resistance region. These signals highlight persistent selling interest despite market expectations for a potential relief rebound.
ChartNerdTA expects that any recovery will be limited unless XRP recaptures major resistance levels, leaving the market exposed to a possible revisit of the $1.00 area.
XRP continues to struggle below former support at $1.05, with failed attempts to regain the $1.16–$1.24 zone, keeping sellers firmly in control.
Why the $1.00 level matters for XRP outlookIndependent analyst Rocksorgate described XRP as approaching a decisive point for 2026, with the token currently trading close to a significant long-term support zone. The analyst noted the breakdown of the $1.05 horizontal support carried particular importance, as this level limited downside movement for several months before turning into resistance.
Rocksorgate indicated that $1.00 represents not only a major psychological milestone but also closely aligns with the 0.618 Fibonacci retracement level from XRP’s broader multi-year rise.
“If $1.00 snaps on high volume, the bullish market structure breaks completely.”
The analysis pointed out that balances on exchanges continue to decline, with large wallets accumulating over 100,000 XRP while retail involvement falls. This split suggests that institutional-scale traders may be building positions during market weakness.
Mini dictionary: Fibonacci retracement, a technical analysis tool that helps identify potential support and resistance levels by measuring price retracement percentages based on mathematical ratios derived from the Fibonacci sequence. The 0.618 (61.8%) level is particularly important in assessing possible reversal points.
Technical indicators remain bearish despite oversold signalsTradingView’s latest technical summary shows a mixed perspective for XRP. Oscillator indicators such as the Relative Strength Index (RSI) hover near 38, approaching oversold territory but without a firm reversal signal. Momentum indicators remain inconclusive, while the Moving Average Convergence Divergence (MACD) continues to flag a bearish setup.
Major moving averages—including the 10- through 200-period EMAs—persist in delivering sell signals across timeframes, reflecting ongoing weakness. Pivot point analysis places XRP beneath its central pivot, with significant support at $1.026 and firmer support seen just below $0.99 if downward pressure persists.
Long-term outlook for XRPDespite near-term pressure, ChartNerdTA maintains that past cryptocurrency market cycles provide a constructive long-term outlook for XRP, though immediate conditions remain challenging.
Historical analysis spanning back to 2012 suggests XRP’s strongest rallies have tended to follow steep declines of 70–90% and long intervals of underperformance compared to Bitcoin. These periods have often been followed by significant rallies once broader sentiment improves and the cycle matures.
Although the long-term pattern does not guarantee future performance, it gives context for why some investors are monitoring XRP closely, even as it continues to face a sharp correction. Analysts agree that buyers must defend the $1.00 level and reclaim key resistance above $1.05 before technical conditions turn favorable.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP developers are celebrating a quiet but important victory in the fight for digital recognition. After seven years of continuous requests, GitHub discussions and mass voting, the globally popular icon toolkit Font Awesome has finally integrated not only the token's logo, but the XRP Ledger's logo as well.
In its latest 7.3.0 release, which came out in June 2026, official brand icons for the XRP token and the XRPL network appeared.
For those far removed from web development, the scale of the event may seem insignificant, but in the IT industry, it is a serious marker of legitimacy. Bitcoin and Ethereum had been present in the Font Awesome catalog for years, while builders in the XRP ecosystem had to find workarounds — searching for, adapting and self-hosting custom SVG files.
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New official XRP brand icon on Font Awesome along with its ready-to-use code integrations, Source: Font AwesomeThe history of this campaign dates back to 2018, when the first GitHub thread requesting the addition of the logo was created.
By 2020, the campaign had gained maximum momentum, with token holders and application developers organizing mass voting and constantly pushing the topic to the top of discussions.
How one line of code solves a 7-year problem for XRPFor a long time, however, the requests remained unanswered, which regularly sparked discussions within the community about possible bias from major IT platforms toward the Ripple ecosystem. The latest update has finally closed this long-running chapter.
The practical value of this step is enormous, as Font Awesome holds a massive share of the market and provides graphics for approximately 28 million live websites.
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Adding the icon to its library means that from now on, any web designer, cryptocurrency wallet developer or DeFi analytics service creator can display the official XRP logo on screen with a single simple line of standard CSS code, completely solving the problem of interface standardization.
Crypto platform Bithomp, which actively supported this initiative throughout the past several years, was among the first to react to the release and shared direct links to the new interface elements and the search page.
After years of waiting, XRP has officially established its brand in the global web infrastructure, proving that persistent community pressure can change industry standards.
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH) This week, Ethereum continued to range without any significant volatility. This has allowed the price to consolidate under the $2,000 resistance. At the time of this post, the support at $1,800 is holding well and was recently re-confirmed.
The concern, based on this price action, is that ETH does not have the strength to break above $2,000. Any attempts in the past few weeks were rejected and sellers could speculate on an opportunity to take over.
Looking ahead, Ethereum remains in a macro downtrend, and this will only change once the price makes a higher low and high. Ideally, ETH secures $2,000 as support and aims for $2,400 next to escape the current downtrend.
Source: TradingView Ripple (XRP) As expected, XRP broke below its latest pennant (in blue on the chart) to re-test the key support at $1. It is critical for buyers to hold here, as otherwise, the price may end up in a nosedive.
Because sellers have the advantage at the moment, the price closed the week 4% lower. Hopefully, buyers return here to send XRP higher, but even if they try that, it could end up as a dead cat bounce.
Looking ahead, the price action remains bearish with a lower low more likely than a reversal. If $1 turns into a resistance, then XRP will have a difficult time stopping its downtrend in the future.
Source: TradingView Cardano (ADA) Cardano is one of the few major altcoins closing in double-digit gains this week with an impressive 18% pump. This has allowed the price to move to $0.20 and may go all the way to $0.23, where there is major resistance.
With the current support at $0.15 secured, ADA has good momentum and buyers to sustain this uptrend. The biggest question is how sellers will react at the key resistance. Best to be patient and wait for a reaction at $0.23 first.
Looking ahead, Cardano has a major opportunity to break away from its multi-year downtrend. Moreover, this is the first time in months when the price action turned positive. However, bulls will need to turn $0.23 into support if they want to sustain this uptrend.
Source: TradingView Binance Coin (BNB) Binance Coin was flat this week and mirrors ETH’s price action, but in a more toned-down way. On the positive side, the price appears to hold above the support at $580. However, buyers did not push much beyond this level, which shows a lack of conviction.
Since sellers are also absent, the price was forced to move sideways and did not give any hints at a decisive direction. Best to watch closely how the $580 level is resolved before picking a side.
Looking ahead, BNB has been moving around the $600 level since the start of the year without any major breakout. While the price remains in a downtrend, this has been less aggressive lately which may hint at a possible reversal later this year.
Source: TradingView Hype (HYPE) HYPE managed to close 3% higher this week after a successful test of the $52 support level. However, this could end up as a temporary bounce before sellers return to push against the key support again.
On higher timeframes, Hyperliquid has lost its uptrend, and the price is making lower lows. This is bearish. If buyers cannot reclaim $64 in the future, which is also a major resistance, then sellers could take this cryptocurrency much lower.
Looking ahead, the battle will be decided at the $52 support level. So far, this has held against the pressure from bears, but a renewed push later in August may see HYPE make new lows. Best to be cautious here as the price continues to show weakness.
Source: TradingView Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Crypto analyst Dark Defender has publicly declared that the CLARITY Act will secure XRP’s status as a commodity in United States law, making future reversals by the Securities and Exchange Commission (SEC) impossible. He shared strong confidence that the U.S. Senate will pass the legislation soon, directly endorsing its swift approval.
Dark Defender voices confidence in SenateDark Defender articulated unwavering belief in the Senate at a time when the vote on the CLARITY Act remains unscheduled, with the August recess approaching. His conviction comes despite ongoing uncertainty about the bill’s path to a floor vote.
“Clarity Act will write XRP’s commodity status into LAW, a permanence that no future SEC chair could undo. I trust the US Senate will pass it shortly.”
Dark Defender, known for his analyses on social media, firmly asserted that the bill’s passage would make XRP’s legal status “untouchable,” shielding it from future regulatory changes by new leadership at the SEC. His comments addressed growing anticipation within the cryptocurrency community regarding the legal foundation for XRP and similar digital assets.
Status and hurdles of the CLARITY ActThe CLARITY Act requires 60 Senate votes for passage. The current tally stands at 51 confirmed supporters, including signals from 7 to 10 Democratic senators. Collecting 9 Democratic votes would be sufficient to meet the threshold.
Required VotesConfirmed SupportDemocrats Signaling Support60517-10The bill’s main obstacle is a dispute regarding whether state attorneys general should be authorized to sue the Department of Justice over ethics enforcement. Republican senators and the White House oppose this provision, while Democratic senators continue to push for it. Senators Tom Tillis and Ruben Gallego are engaged in negotiations to find a resolution.
Former Fox Business journalist Eleanor Terrett recently stated that a breakthrough could be imminent, but noted that approval from President Donald Trump will be necessary for the bill to move forward. August 7 marks the final scheduled Senate workday before the recess, and a cloture motion filed today means the earliest procedural vote would occur on Friday, unless all senators agree to an earlier date.
Senator Cynthia Lummis mentioned the possibility of keeping the Senate in session over the weekend to conduct a vote if needed.
Mini dictionary: CLARITY Act, a proposed U.S. law aimed at explicitly classifying certain digital assets such as XRP as commodities, clarifying the boundaries between the SEC and CFTC on digital asset oversight.
Dark Defender’s statement sparked a divided response from the XRP community. Some investors remain optimistic, speculating that a Senate vote could take place as soon as Friday or Saturday, and expressing hope for positive price movement in XRP if the bill passes. Supporters point to Senator Lummis’s remarks about extended Senate sessions as a reason for optimism.
Some community members have discussed the possibility of a weekend vote, suggesting Senate leaders could act quickly if a compromise is reached.
In contrast, skeptics doubt the Senate will act before the recess, citing ongoing institutional disagreements and perceived delays. Some have voiced distrust toward the Senate and questioned whether the U.S. is intentionally slowing progress to allow international competitors to move ahead in the digital asset sector.
XRP’s legal status and timelineEarlier this year, both the SEC and the Commodity Futures Trading Commission (CFTC) identified XRP as a commodity rather than a security. If the CLARITY Act passes, this status would be enshrined in federal law and protect XRP from future regulatory changes by the SEC. Senator Lummis cautioned that failure to pass the bill could postpone new crypto regulations until 2030, urging lawmakers to act swiftly.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP has entered a critical stage in a multi-year technical pattern, with fresh analysis spotlighting the cryptocurrency’s proximity to what some traders consider a decisive support level.
ChartNerd flags long-term cup-and-handle patternCrypto analyst ChartNerd, known for technical research on digital assets, has identified what he describes as an 8.5-year cup-and-handle formation on XRP’s price chart. This pattern, often associated with bullish momentum in traditional markets, maps out XRP’s long-term price swings since 2017, covering its decline, prolonged consolidation, and recent moves.
According to his chart, the “cup” reflects the earlier steep decline and recovery over several years, while the “handle” represents more recent sideways price action. Historical “Gaussian Retest” zones are also marked, highlighting recurring interactions with a long-term moving average—a phenomenon that previously coincided with important price developments for XRP.
Recent price movement shows XRP retreating from its 2025 highs, entering a consolidation phase near critical support levels. The pattern’s next phase, ChartNerd suggests, may depend on XRP’s reaction to the highlighted support area lying within the current “handle.”
XRP’s 8.5-year cup-and-handle structure stands out as one of the largest macro setups on any chart, fast approaching the golden pocket (0.618), with potential for a substantial long-term move to Fibonacci extension targets of $8, $13, and $27.
Mini dictionary: Gaussian Retest, a term used in technical analysis to describe price revisiting a moving average—often a Gaussian-weighted one—that historically acts as significant support or resistance.
Golden pocket becomes focusThe analysis highlights the “golden pocket”—referring to the 0.618 Fibonacci retracement—as a key near-term level for XRP. The Fibonacci retracement tool, widely used by traders to identify potential support and resistance levels, is currently pinpointed at $0.89465 for this phase. An additional major support zone is identified at $0.60998, aligned with the 0.786 Fibonacci retracement.
ChartNerd argues that the 0.618 level may serve as a springboard for XRP’s next major move. His chart projects longer-term upside targets based on Fibonacci extensions, setting them at $8, $13, and $27. These levels represent significant multiples above current support, but their achievement is framed as conditional on broader market dynamics and the asset’s ability to sustain the technical pattern.
Fibonacci LevelPriceRole0.786$0.60998Support0.618$0.89465Golden pocket, key supportExtension 1$8Potential targetExtension 2$13Potential targetExtension 3$27Potential targetAlthough the analysis points to ambitious future price points, there is no claim of certainty that these levels will be reached. Rather, they mark likely take-profit zones if the pattern’s bullish scenario plays out.
The timing of such a move remains uncertain, as the analysis identifies longer-term technical targets while acknowledging that the exact schedule for reaching them cannot be determined at this stage.
Uncertainty surrounds timing of breakoutQuestions have been raised about when—or even whether—these long-term targets might be hit. Community members commenting on the analysis observed that similar chart set-ups have appeared before, but the timeline for any substantial price move remains unclear.
ChartNerd’s approach deliberately avoids predicting specific dates. Instead, his focus remains on whether XRP can uphold the cup-and-handle structure as it nears the identified support zones, particularly the golden pocket. If these levels hold amid ongoing consolidation, the larger technical picture could stay intact for future price action.
At present, the discussion centers on the strength of XRP’s support around the 0.618 Fibonacci retracement. As traders monitor the development, the long-term pattern and extension levels remain a key reference in ongoing market analysis.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple has minted 811,026 RLUSD, a US dollar-backed stablecoin, on the XRP Ledger. This latest issuance increased RLUSD’s total circulating supply, making it the largest stablecoin by volume on the network. XRPScan data confirmed the minting under ledger 106,109,031, which was finalized at 7:37 IST on August 6.
Details of the RLUSD IssuanceThe RLUSD tokens were issued from Ripple’s dedicated stablecoin account on the XRP Ledger and delivered to a designated destination wallet. The process employed a three-signer multisignature setup to enhance transaction security, a common practice for institutional-grade cryptocurrency operations. The minting fee amounted to 0.000405 XRP, and the full amount reached its intended account without deductions.
Ripple has not disclosed the specific reason for this new RLUSD issuance. Stablecoin providers typically mint additional tokens to meet exchange liquidity demands, support treasury operations, or satisfy user issuance requests. These actions generally aim to maintain stability and accommodate an expanding user base.
Fresh RLUSD mint just hit the XRPL. 811,026 RLUSD minted straight from the issuer wallet with multi-sig security. Liquidity keeps flowing in on-chain.
The RLUSD stablecoin has rapidly expanded its presence on the XRP Ledger over recent months. In July, RLUSD accounted for more than half of the network’s total stablecoin supply, outpacing other dollar-pegged cryptocurrencies built on XRPL.
The increased minting has paralleled a significant uptick in trading activity. Since launch, RLUSD has accumulated over $2.5 billion in trading volume, moving it ahead of competing stablecoins within the XRP Ledger ecosystem.
Ripple is a US-based blockchain technology company known for creating solutions in cross-border payments and digital asset management. The company’s RLUSD stablecoin aims to provide a secure, on-chain US dollar equivalent for fast and efficient transactions on XRPL.
Mini dictionary: Multisignature (multi-sig) – A security system requiring multiple private keys to authorize a single cryptocurrency transaction, offering enhanced protection against unauthorized transfers and single points of failure.
StablecoinLatest Supply MintedTotal Market Share (July)Cumulative Trading VolumeRLUSD811,026>50%$2.5 billion+Other XRPL StablecoinsNot reported<50%Not reportedIndustry analysts have noted that increased supply does not automatically guarantee adoption for a stablecoin. Success in the marketplace often depends on liquidity, exchange support, regulatory status, and practical use cases among users. RLUSD’s momentum on XRP Ledger demonstrates the importance of community and user backing.
Expectations for RLUSD’s Future GrowthThe broader market context shows that dollar-backed stablecoins like USDT and USDC are popular across multiple blockchain networks. These assets are commonly used for trading liquidity, digital remittances, and decentralized finance applications.
RLUSD’s recent growth on XRPL highlights shifting trends in on-chain stablecoin competition. The minting of 811,026 RLUSD supports continued expansion of Ripple’s dollar-backed asset within the network.
Stablecoins compete on liquidity, exchange access, regulatory clarity, and utility. With RLUSD reaching the largest supply in XRPL’s market, its next phase will be shaped by exchange adoption and user demand.
Future adoption will depend on further integrations by applications, exchanges, and users, as well as the ongoing evolution of the XRP Ledger’s stablecoin ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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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XRP is maintaining its position above a key support level, drawing interest from traders monitoring for signs of a potential bullish reversal. The cryptocurrency is navigating mixed technical indicators, while a recent move by Grayscale has shifted additional attention to the asset’s role among institutional investors.
Technical picture and price outlookXRP is currently trading at $1.04 with a 24-hour trading volume of $1.32 million and a market capitalization of $65.31 billion. Over the past day, the price registered a decrease of 1.77%. However, some analysts view the overall structure and rising institutional demand as signals for a possible reversal in the near future.
Market analyst EGRAG CRYPTO identified that XRP remains near the crucial $1.05 support after the completion of a three-day symmetric triangle breakdown pattern. This formation, marked by several gravestone doji candlesticks and a loss of triangle support, prompted warnings from some traders. They stressed the importance of buyers holding this level to prevent additional declines.
Technical traders noted significant resistance points that could shape short-term price action, including $1.11, $1.21, $1.28 to $1.30, and $1.38. Analysts indicated that a decisive close above the $1.50 to $1.51 zone for at least three days could nullify bearish patterns and potentially mark the beginning of a new price trend for XRP.
In the absence of such a breakout, some predict that XRP could revisit targets around $0.88 based on current chart formations.
XRP continues to trade just above critical support levels, with market participants pointing to $1.50 as a key threshold that could spark renewed bullish momentum if decisively breached.
Grayscale ETF rebalance spotlights XRPData from BankXRP revealed that Grayscale, one of the cryptocurrency industry’s largest institutional asset managers, has submitted a Form 8-K concerning its CoinDesk Crypto 5 ETF (GDLC). This filing signaled the completion of a routine quarterly portfolio review, with the fund now entering its scheduled rebalancing phase.
The rebalancing is based on the CoinDesk 5 Index (CD5) methodology, which ranks assets by market capitalization and liquidity.
Mini dictionary: CoinDesk Crypto 5 Index (CD5), a benchmark tracking the five largest and most liquid digital assets, used for constructing portfolios and ETFs.
As a result, XRP now stands alongside Bitcoin, Ethereum, Solana, and BNB within the ETF as investors await updated asset weightings. Any increase in XRP’s fund allocation may indicate growing interest from institutional players and underscore the token’s strengthening industry presence.
AssetCurrent Position in GDLCBitcoin (BTC)Top holdingEthereum (ETH)Major holdingSolana (SOL)IncludedBNBIncludedXRPIncludedMarket sentiment and institutional impactDespite the positive expectations surrounding institutional demand and fund adjustment, XRP’s price has been trending downward in line with broader crypto market movements. Bitcoin’s decline has contributed to a more cautious sentiment across digital assets.
XRP remains at a critical turning point. The focal question is whether it can hold above support and return to the $1.50 level. A convincing move higher may trigger further bullish momentum and draw additional institutional capital, especially if Grayscale adjusts its holdings upward.
Traders are closely monitoring whether a breakout can attract more institutional inflows as Grayscale’s ETF rebalancing shines a spotlight on XRP’s evolving role in crypto portfolios.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Updated Aug 7, 2026, 4:43 a.m. Published Aug 7, 2026, 4:17 a.m.
2 min read
Bitcoin stuck near $64,000 as Clarity Act vote slips to September. (Shutterstock)Summary
Bitcoin hovered around $64,300 and was flat on the week as the Senate delayed a vote on the Crypto Clarity Act until at least September.Major cryptocurrencies were mixed, with XRP leading declines while BNB and Hyperliquid’s HYPE outperformed over the past seven days.Inflows into spot bitcoin funds have helped defend support near $63,000 to $64,000, but upcoming U.S. jobs and inflation data could determine whether bitcoin retests resistance around $66,000 or falls back toward $63,000.Bitcoin held near $64,300 on Friday, little changed on the day and flat over the week, after the Senate confirmed it would not vote on the Clarity Act before leaving for its August break.
XRP was the weakest major, down over 2% on the day to $1.02 and 5.5% over seven days. Solana fell over 1% to nearly $73 and is down almost 2% on the week. Dogecoin slipped almost 1% to under 7 cents and ether was flat at $1,897, down marginally over seven days. BNB held at $591 and is up 1% on the week. Hyperliquid's HYPE eased under 1% to nearly $56 but leads the majors over seven days at 1.3%.
The bill, which would set out which U.S. regulator oversees which digital assets, needs 60 votes to pass and it is unclear whether it currently has 50. Several Republican senators have said publicly they oppose it, and Democrats want stricter rules preventing President Donald Trump from profiting from crypto while in office.
Trump disclosed more than $1 billion in income from his crypto ventures in 2025. Senate Majority Leader John Thune said a vote would come in September, when lawmakers return on Sept. 14 with three weeks to work through a backlog that also includes government funding and a Russia sanctions bill.
Spot bitcoin funds took in about $626 million between Aug. 3 and Aug. 5, enough to defend the $63,000 to $64,000 area but not enough to push through resistance between $66,000 and $66,600.
Next week brings the U.S. employment report and July inflation data. The Federal Reserve held rates at 3.50% to 3.75% in July, though three officials voted to raise them. A strong jobs number or sticky inflation would strengthen the case for tighter policy, which typically weighs on bitcoin.
Bitcoin has not managed to break $66,000 even with money coming in all week. Next week's jobs and inflation reports decide whether it gets another try or slips back toward $63,000.
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The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Jun 29, 2026
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
In big XRP news today, Ripple has officially released a major upgrade to the XRP Ledger (XRPL). The upgrade introduces six key amendments that focus on strengthening privacy, settlement efficiency, operational controls, and asset management.
It comes as part of Ripple’s latest roadmap, placing tokenized real-world assets (RWAs) at the center of its institutional strategy.
XRP Ledger v3.3.0 Upgrade to Boost Ripple’s Position RWA Tokenization Ripple and XRP Ledger Operations announced xrpld v3.3.0 upgrade, the reference server software that powers the decentralized XRP Ledger (XRPL) network. It marks a major milestone for the XRPL network, positioning the blockchain for greater institutional RWA tokenization use cases.
The upgrade introduces major amendments, along with bug fixes and build improvements. As CoinGape reported earlier, RippleX’s head of product Jazzi Cooper confirmed global tokenized asset transfers, trading, collateralization, and settlement support in the upgrade.
Vijay Khanna, Director of Engineering at Ripple, said “This is a big update for the XRPL!” He revealed that the XRP Ledger upgrade had been in the works for a long time and had undergone multiple rounds of testing, an attackathon, AI scans, and other requirements.
Node operators are urged to upgrade to the new version immediately to ensure service continuity. It will require at least 80% validator support over two weeks to activate the XRPL mainnet to the latest v3.3.0 release.
XRP Ledger Upgrade Details XRP Ledger Operations revealed six amendments in the 3.3.0 upgrade are available for voting. The amendments are Confidential Transfer, BatchV1_1, DynamicMPT, PermissionDelegationV1_1, Sponsor, and fixCleanup3_3_0.
These will enable encrypted multi-purpose token (MPT) balances and transfers, atomic execution of up to 8 transactions, entity-sponsored fees and reserves, delegation of specific transaction permissions to other accounts, and issuer mutable MPT properties.
The XRP Ledger upgrade also includes a bundle of bug fixes (fixCleanup3_3_0), performance and stability improvements. The upgrade will further reduce memory usage by 10-15% after XRPL upgrade 3.2.0.
J. Ayo Akinyele, head of engineering at RippleX, claimed the upgrade “if approved, would continue expanding the XRPL’s capabilities for tokenized assets and real-world financial use cases.”
XRP Ledger Foundation contributor Vet noted XRPL 3.3.0 as “big,” featuring the world’s first XRPL privacy amendment, trustless swaps, OTC trading for institutions, and monetization of the App.
Mayukha Vadari, staff software engineer at Ripple, revealed other changes in the upgrade. These include improved online delete performance, 60 fixes for bugs uncovered by the AI red team effort, and optimizations to make xrpld easier to maintain.
A lot of folks will be talking about the amendments in this release (including me later), but I want to take a moment to discuss the non-feature-amendment changes in this release:
– 15+% reduction in memory usage
– Improved online_delete performance
– 60 fixes for bugs uncovered… https://t.co/BAzNynqngj
— Mayukha Vadari (@msvadari) August 6, 2026
Will XRP Price Rebound amid Buying in Derivatives Market? XRP price has dropped more than 2% in the past 24 hours as the Senate delayed Clarity Act vote until September. Ripple’s coin price is currently trading at $1.02, with a 24-hour range of $1.02 to $1.05. Trading volume increased by another 17% in the last 24 hours.
However, CoinGlass data shows significant buying activity in the derivatives market in the last few hours. The total XRP futures open interest jumped more than 0.67% within an hour and 1.02% in 24 hours to $2.35 billion.
Notably, Binance, OKX, Bybit, Gate and other crypto exchanges saw massive buying in the past hour. XRP futures open interest climbed 0.61% on Binance and 2% on OKX.
XRP Futures Open Interest. Source: CoinGlass Meanwhile, crypto analysts remained bearish on XRP price targeting $0.90, despite Grayscale’s GDLC ETF increasing XRP weight in the fund and growing institutional interest in XRP.
Traders looking to leverage this momentum can compare features on the best crypto derivative futures trading platforms to find competitive funding rates and deep liquidity.
Bitcoin (BTC) and Ethereum (ETH) remain under pressure on Friday after mild gains, while Ripple (XRP) slides over 5% so far this week. BTC faces rejection near a key resistance barrier, and ETH has been trading sideways for the last 22 days. Meanwhile, XRP is gravitating its correction toward the key $1 support zone.
Bitcoin faces rejection near 50-day EMABitcoin price trades at $64,318 on Friday, maintaining a mildly bearish near-term bias as price holds beneath the 50-day Exponential Moving Average (EMA) at $64,637, as well as the 100-day EMA at $67,021 and the 200-day EMA at $73,149.
The Relative Strength Index (RSI) at 51 sits near neutral, while the Moving Average Convergence Divergence (MACD) hovers just below the zero line with a slightly negative reading, hinting at subdued bullish momentum and a market that remains capped by overhead trend filters.
On the topside, initial resistance is defined by the 50-day EMA at $64,637, with further hurdles at the 100-day EMA near $67,021 and the longer-term 200-day EMA at $73,149, before a higher horizontal barrier emerges at $84,410.
On the downside, immediate support is seen at the horizontal level around $64,004, where a daily close below this floor would likely open the way to a deeper corrective phase, while holding above it keeps BTC in a consolidative posture beneath the clustered moving-average resistance.
BTC/USDT daily chartEthereum remains directionlessEthereum price trades at $1,901 on Friday and has been trading sideways for the last 22 days between the 50-day EMA at $1,857 and the 100-day EMA at $1,925, keeping the near-term tone neutral.
Meanwhile, the 200-day EMA at $2,132 sits well overhead and reinforces the broader corrective backdrop, while the RSI around 55 hints at moderate, rather than impulsive, bullish momentum. The MACD indicator stays below zero, suggesting upside attempts could continue to face supply against the cluster of medium- and long-term averages.
On the topside, immediate resistance is located at the 100-day EMA near $1,925, with a stronger barrier at the psychological and chart level of $2,000 before the 200-day EMA at $2,132 comes into focus.
On the downside, initial support is provided by the 50-day EMA at $1,857, with a deeper technical floor seen at the horizontal level around $1,385 if selling pressure accelerates. As long as ETH trades between the $1,857–$1,925 band, price action is likely to remain directionless, awaiting a clear break to define the next trending phase.
ETH/USDT daily chartXRP remains under pressureXRP price trades at $1.03 on Friday, extending a bearish near-term bias as price remains decisively below the 50-day, 100-day and 200-day EMAs at $1.11, $1.19 and $1.38 respectively. The RSI at 36 hovers just above oversold territory, while the MACD indicator holds below zero with a negative line, suggesting waning momentum but not yet signaling a clear reversal.
On the topside, initial resistance is aligned with the 50-day EMA at $1.11, followed by the 100-day EMA at $1.19 and the horizontal barrier at $1.30, while the 200-day EMA at $1.38 and a higher horizontal level at $1.90 mark stronger caps for any recovery attempts.
On the downside, immediate support is seen at the psychological and structural floor around $1.00, and a decisive break beneath this level would likely open the door to further bearish extension in the coming sessions.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
With price action and momentum indicators indicating a near total lack of buying interest, Dogecoin has entered one of its weakest technical phases of 2026. Bulls have little indication that a significant recovery is in progress because the token's market momentum has essentially plateaued, even though it is clearly far from a literal price of zero.
Dogecoin is barely recoveringDOGE is only slightly above its recent local lows, trading at $0.069 on the daily chart. More significantly, the asset keeps printing a string of lower highs and lower lows, demonstrating that sellers are still in complete control. Since June, every attempt at a recovery has been sold into, making it impossible for Dogecoin to build a long-lasting bullish structure. Technically, the situation is still very pessimistic.
Every significant moving average, including the 20-day, 50-day, 100-day, and 200-day averages, is traded below by DOGE. The longer-term averages are still sloping downward, suggesting that the main trend has not altered, but the 20-day moving average is starting to flatten as the price consolidates.
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DOGE/USDT Chart by TradingViewBuyers still have a lot of work ahead of them, as evidenced by the difference between the current price and the 100-day moving average near $0.083. The declining 200-day moving average is located above that at $0.099, which is almost 40% higher than current levels.
Any upward movement will probably be seen as a relief rally rather than the start of a new trend until those resistance zones begin to close.
A little above oversold territory but still well below the neutral 50 mark, the RSI is currently trading around 40. This indicates that although the market's bearish momentum has somewhat subsided, buyers are still reluctant to invest enough to tip the scales.
The declining participation indicates that many market participants are merely waiting for a stronger catalyst before re-entering the market, with neither bulls nor bears actively constructing new positions.
The recent lows around $0.068 continue to be the immediate support. If that level were lost, new annual lows would be revealed and the current downward trend would be strengthened. The first minor win for buyers would be regaining the 20-day moving average, but the more significant obstacle is still the 50-day average at $0.074.
XRP's momentum isn't recoveringOn the daily chart, XRP is still under pressure, but recent price movement indicates that the bearish momentum is starting to lessen. As the asset continues to trade in an ever-narrower range above the psychologically significant $1 level, sellers seem to be losing confidence, even though buyers have not yet regained control.
The overall trend is clearly bearish because every rally has stopped below the major moving averages. The recent consolidation, however, differs from the forceful selloffs that were observed earlier in the year. Rather than experiencing sharp drops, XRP has entered a phase of low volatility in which neither side can make a decisive move.
Technically speaking, XRP is still below every significant moving average. The 50-day moving average is still declining around $1.09, while the 20-day moving average has leveled off slightly above the current price.
XRP/USDT Chart by TradingViewBulls still have a long way to go before the long-term trend shifts, as evidenced by the 100-day moving average near $1.20 and the 200-day moving average around $1.39 being well out of reach.
The sellers' lack of follow-through is one positive sign despite that bearish structure. The price has tested the $1.03–$1.05 range several times without triggering another wave of vigorous liquidation. Rather, candles have gotten smaller over time, indicating that selling pressure is gradually being absorbed. This is supported by momentum indicators.
The RSI is not getting close to oversold territory, but it is still below the neutral level at about 40. Even though it has not yet turned into a bullish trend, this shows that bearish momentum has significantly diminished.
Another sign that market participants are waiting for a catalyst rather than actively pursuing short positions is the decline in trading volume over the past few weeks. Even though the direction remains unclear until XRP leaves its current range, this kind of compression frequently precedes a larger move.
Regaining the 20-day and 50-day moving averages would be the first sign that momentum is shifting for bulls. Until then, buyers continue to be drawn to the immediate support, which is still close to the psychologically significant $1 level.
Bitcoin's momentum is growingAfter spending several weeks consolidating above its June lows, Bitcoin is beginning to show signs of regaining bullish momentum. The most recent price action indicates that buyers are gradually regaining control as the market continues to defend the $64,000 support area, even though the overall trend has not yet completely reversed.
In contrast to the steep drops observed earlier this summer, the daily chart indicates a significant change in market structure. Throughout July and the first part of August, Bitcoin has set a series of higher lows rather than new lows, suggesting that demand is starting to withstand selling pressure.
BTC/USDT Chart by TradingViewThe asset has been able to stay above the 20-day and 50-day moving averages thanks to this consistent accumulation phase — a technical improvement that was not present during the previous downtrend.
While the 50-day moving average has leveled off following months of decline, the 20-day moving average has begun to rise. Although Bitcoin still needs to reclaim higher resistance levels in order to confirm a broader trend reversal, those developments typically indicate that bearish momentum is waning.
The bullish case would be significantly strengthened by a clear breakout above that level, which might pave the way for the declining 200-day moving average close to $72,500. The primary barrier separating Bitcoin from a confirmed trend reversal is still that longer-term indicator.
Without going into overbought territory, buying pressure appears to have surpassed selling pressure as the RSI has risen back above the neutral 50 level to roughly 53. This allows for more upside in the event that volume starts to rise. Institutional conviction has not yet fully returned, as volume has remained comparatively moderate during the recent recovery.
However, Bitcoin has been able to maintain its gains and keep constructing a stable consolidation range above support, in contrast to earlier rallies that were swiftly rejected. For bulls, the $64,000 area remains crucial. Holding above that support maintains the current pattern of higher lows and the recovery structure.
A break below it would probably send Bitcoin back into a more extended phase of consolidation. Bitcoin seems to be returning to a positive technical configuration for the time being.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP ETF inflows have surpassed $1.51 billion as investors increasingly explore UE Crypto’s cloud mining and yield strategies for long-term participation.
Summary
XRP ETF inflows top $1.51B as institutional demand grows and UE Crypto gains attention from yield seekers. Institutional inflows push XRP ETFs past $1.51B while investors explore long-term income strategies with UE Crypto. Institutional demand continues to drive XRP ETF growth, while UE Crypto focuses on providing users with long-term and sustainable crypto income solutions. Wall Street’s increasingly bullish outlook on XRP ETFs is fueling a new wave of market optimism, with total inflows expected to exceed $1.51 billion.
At the same time, a growing number of investors are exploring alternative digital asset strategies, including cloud mining and crypto yield platforms, in pursuit of more stable long-term returns while continuing to hold digital assets. This trend is also driving greater interest in XRP ETFs.
ETF products backed by XRP have recently reached another significant milestone in capital inflows, further strengthening institutional confidence in the asset.
Meanwhile, more investors are turning their attention to the crypto market, seeking long-term income opportunities beyond simply waiting for the price of XRP to appreciate.
The continued inflow of capital into XRP ETFs highlights the growing institutional demand for XRP. Although many retail investors remain cautious due to market volatility and price uncertainty, institutional funds continue allocating capital to XRP through regulated financial products, making it one of the most closely watched mainstream digital assets.
As the regulatory environment continues to improve and financing conditions become more favorable, more investors are asking an important question: Is there a more efficient and sustainable way to benefit from XRP beyond simply waiting for its price to rise?
XRP ETF inflows surpass $1.51 billion, reaching a major milestone Since the close of trading on August 1, cumulative inflows into XRP-related exchange-traded funds (ETFs) have exceeded $1.51 billion, according to data released by market analysis platform uToday, marking another significant milestone driven by sustained net inflows.
At the same time, overall market liquidity continues to improve. Although trading activity in the secondary market has slowed somewhat and retail investor sentiment remains relatively cautious, institutional demand has stayed strong, resulting in net inflows on most trading days.
A new opportunity for XRP investors: UE crypto’s long-term income strategy Against this backdrop, an increasing number of XRP investors are turning to UE Crypto, leveraging its cloud mining and yield aggregation mechanisms to pursue a more stable and sustainable digital asset income model.
Compared with highly volatile futures trading or ETF investing, UE Crypto offers a more straightforward and accessible way to participate in the digital asset market while improving the efficiency of digital asset utilization as users benefit from the continued growth of the XRP ecosystem.
For investors with a certain level of capital, this model offers the potential to generate more consistent daily returns, providing an alternative approach to long-term digital asset allocation.
About UE Crypto Headquartered in the United Kingdom, UE Crypto operates under European regulatory frameworks such as MiCA and MiFID II, continuously enhancing platform transparency, operational standards, and user protection.
The platform employs a multi-layer security architecture, including:
Annual financial and security compliance audits by PwC; Digital asset custody insurance provided by Lloyd’s of London; Enterprise-grade cybersecurity protection from Cloudflare and McAfee® security systems; Bank-grade encryption technology combined with professional security infrastructure to comprehensively safeguard user assets and accounts. UE Crypto currently supports a wide range of mainstream digital assets, including XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL, providing users with a flexible and efficient digital asset service experience.
Start earning daily rewards in three simple steps Step 1: Register an account Visit the official UE Crypto website and register with an email address to receive a $20 trial reward.
Step 2: Choose a mining plan Select a cloud mining contract that best fits a particular investment budget and objectives, then start mining with just one click.
Step 3: Start earning Once a contract is activated, computing power is automatically allocated, and rewards are settled every 24 hours. Users can withdraw earnings at any time or continue participating to benefit from long-term compound growth.
Popular cloud mining contract examples BTC (beginner trial plan) Investment: $100 Contract Term: 2 Days Daily Reward: $4 Total Return: $100 + $8 DOGE (digital intelligent system plan) Investment: $500 Contract Term: 5 Days Daily Reward: $6.25 Total Return: $500 + $31.25 BTC (super computing system plan) Investment: $1,000 Contract Term: 10 Days Daily Reward: $13.10 Total Return: $1,000 + $131 LTC (algorithm-driven system plan) Investment: $5,000 Contract Term: 25 Days Daily Reward: $72 Total Return: $5,000 + $1,800 BTC (quantitative intelligent system plan) Investment: $10,000 Contract Term: 35 Days Daily Reward: $158 Total Return: $10,000 + $5,530 For more information about available contracts, please visit the official UE Crypto website.
Conclusion The continued inflow of capital into XRP ETFs, together with ongoing improvements in the regulatory environment, reflects XRP’s steady integration into the mainstream financial system.
At the same time, UE Crypto offers XRP investors a more diversified way to participate in the digital asset economy, shifting from relying solely on price appreciation toward a strategy that combines capital growth with continuous passive income.
As the next market cycle unfolds, investors are increasingly focusing not only on price movements but also on more stable and sustainable wealth management strategies. This trend reflects the continued maturation of the digital asset investment landscape.
Join UE Crypto today and start earning passive daily income through digital assets.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Matt, the host of the MoonLambo channel, has asserted that the current period of stagnation in the cryptocurrency market marks the closing stage of a mid-cycle correction, rather than the onset of a sustained bear market. He drew attention to a new Purchasing Managers’ Index (PMI) figure of 55.6 recorded in July, describing it as a significant macroeconomic indicator for digital assets.
Macro trends and XRP positioningOn his latest episode, Matt argued that XRP has reached a position of strength not seen in nearly a decade. He suggested that a significant rally in altcoins could unfold much faster than some bearish projections have anticipated, fueled by recent improvements in broader economic data.
At the time of the broadcast, XRP was trading at $1.05 and Bitcoin hovered at $64,770. Both assets remained range-bound, with little price movement during the session.
Despite this low volatility, Matt said investor sentiment has suffered, though he views the current consolidation as an opportunity for accumulation, rather than a sign the crypto cycle has concluded.
PMI crosses historic thresholdMatt spotlighted the July PMI reading of 55.6, which registered above the 55 mark for the first time in more than five years. A PMI figure above 50 typically indicates economic growth, but Matt emphasized that 55 serves as a more critical threshold for crypto market momentum.
Based on patterns from previous cycles, he indicated that cryptocurrency markets have historically responded with renewed energy three to six months after this PMI level is reached. He linked these timelines to expectations regarding debt refinancing, increases in market liquidity, and a potential shift toward risk-on investing as early as late 2026 or early 2027.
Matt also pointed to the Russell 2000 index, which he noted has seen a breakout since late December or early January, as evidence of capital moving toward riskier investments. He believes crypto markets typically trail small-cap equities in such trends, as digital assets occupy a higher risk tier.
Matt highlighted that a PMI above 55 may be the most reliable macro signal for crypto market recovery, predicting notable movement in the months ahead as broader economic sentiment turns more optimistic.
Technical analyses and future targetsSeveral analysts referenced on the show identified technical signals pointing to a potential uptrend in the market. Recon mentioned the prospect of a breakout for copper, and a comparative chart featuring copper versus gold suggested a growing preference for assets that perform well in expansionary cycles.
For XRP, technical analyst CW stated that reclaiming the $1.09 level would be necessary to restart a broader uptrend. According to levels shared by analyst Ali Martinez and quoted by Matt, holding support near $1.06 could target improvements to $1.35 and $1.64, while slipping below this region might lead to declines toward $0.80 or even $0.62.
Matt acknowledged that XRP may dip below $1 briefly, but he does not expect a new cycle low in the fourth quarter or a fresh market peak to be delayed until 2030. He reviewed other bullish forecasts, referencing analyst Cryptollica’s $20,000 target for Ethereum and projections of a $10 or higher price for XRP, but emphasized he was not offering a specific prediction.
In discussing technical scenarios such as key resistance levels and market momentum, investors have increasingly looked to diversify portfolios through platforms that offer access to a broader range of assets. 1stepSwap has emerged as a practical solution, bringing real-world assets such as major U.S. company shares and commodities including gold and silver onto the blockchain. The platform enables direct trading via wallets, bypassing complicated procedures and intermediaries, and uses technology to secure the best available rates for users in real time.
Technical analysts say that a decisive move above $1.09 for XRP would mark a shift toward renewed bullish momentum, while support at $1.06 remains critical to avoid sharper declines.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP is losing momentum as its price continues to retest previous lows, trading as one of the worst-performing assets among the top 10 largest cryptocurrencies by market capitalization in recent days.
The negative momentum has also extended to its ETF market as the latest data from SosoValue shows that the XRP ETF market has recorded its first withdrawal in the last month.
XRP ETFs Record $3.58 Million Outflow The data shows that the broad XRP ETFs recorded a total net outflow of $3.58 million during their last daily trading session. The total outflow was solely covered by Bitwise, one of the largest XRP ETF issuing companies.
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This is not commonly seen, as the broader XRP ETF market has been resilient even when other products continued to log steady withdrawals.
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Nonetheless, the withdrawals from the XRP fund have sparked concerns among market participants, suggesting that institutional investors are beginning to lose interest in the asset while trading with caution.
With Bitwise being the only fund that carried the total $3.58 million outflow, the data shows that other funds remained silent with zero activity during the trading session.
BNB Flips XRPThe withdrawal recorded by the fund came when XRP was seeing a severe price downturn, plunging to levels not seen this month.
Following its downward trajectory, XRP has significantly lost momentum and its market capitalization has declined significantly, causing it to lose its position as the fourth-largest cryptocurrency by market capitalization.
With its slowdown, BNB has outperformed XRP as XRP drops below its position, now becoming the sixth-largest cryptocurrency by market capitalization.
Evernorth Chief Business Officer Sagar Shah stated that the wider conversation about XRP, one of the market’s most watched cryptocurrencies, often centers too heavily on price rather than its practical utility. Shah expressed concern that the main function of XRP is frequently overshadowed by its continually changing value in the market.
Focus on utility, not priceXRP, developed as a bridge asset to enable faster and more cost-efficient cross-border payments, was not created solely for price speculation. Instead, its primary mission is to facilitate the movement of value across borders, currencies, and financial institutions with speed, minimal expense, and high reliability.
Sagar Shah pointed out that price is the most visible attribute of any digital asset, constantly refreshed and highlighted in financial headlines. However, he noted that genuine utility is reflected in the ways the asset is used, rather than the figure it trades at on exchanges.
Price gives a quick snapshot, but true value comes from how people and institutions use XRP to solve payment challenges and streamline global transactions.
As the adoption of blockchain solutions accelerates worldwide, Shah believes that this distinction between price and utility is becoming more significant. XRP’s architecture allows it to deliver instant settlements, eliminate the need for pre-funded accounts, and reduce transaction costs, all of which make it appealing for real-world payment applications.
XRP Ledger and institutional adoptionUnlike many coins primarily driven by retail speculation, XRP’s foundation as a bridge currency for global payments differentiates it as a utility-focused asset. The XRP Ledger, the network’s open-source blockchain, is engineered to support high-value, fast, and reliable transfers between financial entities.
Recent on-chain data shows XRP leading among the top ten cryptocurrencies for average transaction size, suggesting an increasing concentration of large-scale, institutional-grade transfers on the network. As this trend develops, more entities are reportedly adopting the XRP Ledger to settle payments and tokenize traditional assets.
Evernorth, a company specializing in business solutions within the financial and healthcare sectors, has also begun expanding its XRP treasury strategy. This step signals growing institutional confidence in the asset’s potential to play a significant role beyond trading and speculation.
Mini dictionary: Evernorth, a company providing health services and business solutions, is a subsidiary of Cigna and is expanding its strategic use of digital assets for financial operations.
The future of XRP is less about its current trading price and more about what it enables for banks, payment providers, and businesses looking to modernize financial infrastructure.
Metrics shaping XRP’s futureAs adoption grows, indicators beyond price—such as transaction volume, on-chain activity, and levels of institutional participation—may offer a more precise gauge of XRP’s ongoing relevance in the sector.
Evernorth described its vision for XRP as being a next-generation settlement engine capable of connecting traditional finance with blockchain-based infrastructures through the XRP Ledger. This vision underscores the coin’s role in addressing systemic inefficiencies in cross-border payment networks.
MetricXRPTop 10 Crypto AverageAverage transaction sizeHighestLowerSettlement speedNear-instantVariesMain use caseGlobal paymentsSpeculation/VariedAccording to Shah, XRP’s growth as a foundation for financial infrastructure could become the primary signal for long-term success—far outweighing short-term movements in market price.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
