XRP price has traded near $1.50 on Sep. 30 as weaker futures positioning and slower U.S. ETF inflows accompany a pullback from September’s highs, while its 4-hour chart shows buyers struggling to reclaim short-term resistance.
Summary
$1.5625 marks daily resistance, while $1.4648 is the nearest lower level on the XRP daily chart. XRP’s 4-hour RSI stands at 47.29, slightly above its signal line but below 50. Futures open interest fell about $270 million from Sep. 28, according to CoinGlass data. Analysts CW and Wealthmanager pointed to renewed spot buying and a conditional bullish setup. TradingView’s Binance XRP/USDT charts put the token at approximately $1.498–$1.499. XRP remains below its late-September peak near $1.65, with recent trading concentrated around the $1.50 level after several unsuccessful attempts to sustain a rebound.
The retreat has brought XRP back toward a price zone that analyst Wealthmanager identifies as support following its September advance. Meanwhile, CoinGlass’s liquidation heatmap shows larger concentrations of potential liquidations above the market, particularly around $1.55–$1.57 and $1.59.
XRP needs to reclaim $1.503 before testing resistance On TradingView’s 4-hour chart, XRP trades just below the Bollinger Bands’ middle line at $1.5031. The upper band stands at $1.5355, while the lower band sits at $1.4707.
XRP price 4-hour chart — Sep. 30 | Source: TradingView The bands have narrowed from their width during the September rally. Price has also moved closer to the middle of the range after repeatedly approaching the lower band during the recent pullback.
A sustained recovery above $1.5031 would put the upper band near $1.5355 back in focus. That level sits below the wider $1.55–$1.56 resistance area visible across the daily chart and liquidation heatmap.
The 4-hour Relative Strength Index reads 47.29, compared with its signal line at 46.64. Although RSI sits slightly above that line, it remains below the 50 midpoint, leaving the short-term momentum reading weaker than during XRP’s September advance.
Earlier in the rally, RSI moved above 75 as XRP approached its local highs. The latest reading places momentum closer to neutral, with the token still trading below its short-term moving average.
On the downside, the lower Bollinger Band at $1.4707 is the first nearby reference. A move beneath that level would bring XRP closer to daily support at $1.4648 and the recent lows around $1.45 visible on CoinGlass’s heatmap.
Daily resistance at $1.5625 caps the recovery TradingView’s daily chart places XRP between two Murrey Math levels: $1.4648 below the market and $1.5625 above it. At approximately $1.4982, the token sits closer to the lower boundary.
XRP price daily chart — Sep. 30 | Source: TradingView XRP’s latest daily trading range extends from $1.4858 to $1.5443. The move toward $1.54 has therefore left the token below the $1.5625 resistance line, despite recovering from the session’s low.
The daily chart also shows XRP retaining much of its recovery from the August trough near $1.00. However, the token has pulled back from September’s advance toward $1.65, leaving buyers defending a higher price base without yet recovering the recent peak.
Above $1.5625, the next plotted Murrey Math level is $1.6602, close to that September high. A sustained break through both levels would put $1.7578 into view on the same indicator.
Below $1.4648, the next daily level is $1.3672, followed by $1.2695. Those lower levels become relevant to the bearish chart scenario if XRP loses its current support area.
The daily Awesome Oscillator remains positive at 0.0955, but its latest bars are red. The indicator therefore shows positive momentum weakening as price consolidates below resistance.
XRP ETF inflows pause as futures exposure falls SoSoValue data cited in the earlier market report shows U.S. spot XRP ETFs recorded no net inflows on Sep. 29. Net additions for the week beginning Sep. 28 stood at $3.96 million.
That followed approximately $75 million in inflows during the week ending Sep. 25, the strongest weekly total in four weeks, according to the same data.
For U.S. investors accessing XRP through these funds, the latest figures show a pause in net creations after the previous week’s larger additions. The weekly total remains positive, despite the absence of fresh inflows on Tuesday.
CoinGlass data also shows futures open interest falling from $3.73 billion on Sep. 28 to approximately $3.46 billion, a decline of about $270 million, or 7.2%.
XRP’s open-interest-weighted funding rate remains positive. Positive funding generally means long positions pay short positions; it does not establish that long accounts outnumber short accounts.
Spot-market commentary offers a more constructive view. In a Sep. 30 post, analyst CW said Binance had recorded net XRP buying the previous day while other exchanges showed net selling.
“However, today, net buying is being observed across all exchanges.”
CW’s observation points to a change in spot trading flows, even as aggregate futures exposure has declined.
Liquidation bands cluster above XRP’s current range CoinGlass’s one-week heatmap shows prominent liquidation concentrations around $1.55–$1.57, with another bright band near $1.59. Additional clusters sit higher around $1.63–$1.64.
XRP liquidation heatmap | Source: CoinGlass Below the market, visible concentrations appear around $1.47 and $1.45. XRP’s recent price path has repeatedly approached the lower area before rebounding toward $1.50.
The nearest overhead concentrations overlap with the daily resistance zone. A recovery through $1.5355 would bring XRP closer to both the $1.55–$1.57 liquidation bands and the daily resistance at $1.5625.
Analyst Wealthmanager offered a conditional bullish view in a separate Sep. 30 post, saying XRP had repeated a similar pattern at several levels since its breakout.
“If the structure holds, the next move can continue higher.”
The analyst’s chart marks successive support zones beneath XRP’s advances, with the latest around the current trading area. For that setup, holding the nearby support zone remains central, while a recovery above $1.5625 would strengthen the case for another test of September’s highs near $1.65.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
A new analysis from EGRAG CRYPTO, a well-known cryptocurrency market commentator, points to an ambitious $27 target for XRP. The target is roughly 18 times higher than XRP’s current price, which sits around $1.51 on the latest 3-day chart.
Chart details and technical setupThe most recent 3-day candlestick for XRP opened at $1.5169, reached a high of $1.5322, dipped to a low of $1.4662, and closed at $1.5101, marking a decrease of 0.44%. EGRAG CRYPTO’s technical approach incorporates several indicators—including the 444-week moving average, a yellow macro trend line, and so-called Psychology Support and Resistance Zones. The chart also highlights patterns such as repeated double and triple bottom structures, pointing to potential bullish momentum.
The 3-day XRP chart combines historical averages, significant trend lines, and support zones, suggesting price milestones of $9, $13, $17, and an ultimate target at $27.
Mini dictionary: 444-week moving average – a very long-term trend indicator calculated by averaging the closing prices over the last 444 weeks. It helps to identify overall market direction far beyond typical moving averages like 50 or 200 days or weeks.
Support, resistance, and trend line analysisThe analyst’s chart maps a yellow upward trend line extending from XRP’s low in 2014, closely touched during the years 2022 through 2024. Another descending yellow line, which starts from the 2018 peak, creates a convergence zone that EGRAG CRYPTO labels as the Death Zone, projected for late 2026.
The 444-week moving average, colored magenta on the chart, currently runs just below XRP’s price. The “Psychology Support Zone” ranges between $1 and $1.30, while XRP trades slightly above this area. The “Psychology Resistance Zone” stretches from $3 to $5.50, marking the next major barriers on the chart.
Level/ZoneXRP Price RangePsychology Support Zone$1.00 – $1.30Current Price$1.51Psychology Resistance Zone$3.00 – $5.50Target milestone 1$9Target milestone 2$13Target milestone 3$17Ultimate Target$27Community response and critiqueEGRAG CRYPTO’s optimistic chart attracted diverse reactions from the XRP community. One community member challenged the analysis by inquiring about volume profile confirmation, implying that high targets require more substantial evidence. Another questioned the legitimacy of the $27 target, noting that similar projections and rhetoric around double bottoms have circulated for years.
A prominent member of the discussion referred to the possibility of a “clean breakout” as a catalyst that could reshape the chart’s outlook, while another said the $27 level represents his personal exit point.
Despite some skepticism, several participants expressed support for EGRAG CRYPTO’s roadmap, with particular attention to the way support and resistance levels align with key historical price zones.
Medium-term projections and bottom formationsThe chart features multiple bottom structures. A Double Bottom H/L appears near 2020, while a Triple Bottom H/L forms over 2022 to 2024, both often interpreted as bullish reversal patterns in technical analysis. EGRAG CRYPTO marks green circles in mid-2026 and mid-2027, linked by a short-term trend line.
According to the roadmap, XRP may dip toward $1 in mid-2026 before rebounding, with a projected move to $2.38. The analyst expects another pullback for additional confirmation of the triple bottom, then anticipates an upward breakout. The potential for a sharp rally is reflected in the upward trajectory marking $9, $13, $17, and the ultimate $27 target—an area labeled “Face Melting Phase” on the chart, suggesting a speculative surge should the outlined technical triggers occur.
Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) pared back Wednesday’s gains as cooler-than-expected inflation data collided with surging oil prices, leaving traders caught between two opposing signals.
What the Data Actually ShowedCoinDesk reported Wednesday that core PCE prices rose just 0.2% in August against a 0.3% forecast, with the year-over-year reading at 3.0% versus the 3.3% estimate.
Widely-followed market commentator Bull Theory flagged one caveat: the BLS changed how it measures advisory fees, software, and legal services, a shift analysts estimate cut up to 20 basis points off core PCE.
Still, he argued the cooler reading isn’t purely a methodology artifact.
Why the Rally Didn’t HoldNot every signal pointed the same direction, and that’s likely why crypto gave back its initial pop. GDP grew 2.2% annualized in Q2, beating the 1.5% forecast, and consumer spending jumped 0.6% in August, its biggest gain since March 2025.
Friday’s jobs report is the last major data point before the Fed meets, leaving traders stuck between a Fed that may not need to hike and an economy that isn’t exactly cooling either.
Brent Crude is up 3% on the day, with no resolution to the conflict in the Middle East in sight.
Bull Theory posted separately on X that Bitcoin surged above $85,000 and Ethereum (CRYPTO: ETH) reclaimed $2,700 as PCE inflation hit a six-month low, with over $75 million in shorts liquidated in 60 minutes.
That initial spike has since faded, with BTC settling back around $84,000 and XRP near $1.50.
What the BTC and XRP Charts SayBTC is trading flat after tagging a high of $85,599 earlier in the session. Price holds firmly above every key EMA, with RSI at 61.72 still showing constructive momentum despite the pullback from session highs.
Resistance: $85,600, then $87,600 Support: $82,100 (20-day EMA), then $80,700 Meanwhile, XRP (CRYPTO: XRP) is up 0.5% after tagging $1.54, still capped by the descending trendline from August’s spike high near $1.70.
RSI at 58.57 reflects steady momentum with room to build.
Resistance: $1.54, then $1.60 Support: $1.46 (20-day EMA), then $1.40 Photo via Shutterstock
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The latest U.S. inflation data, which the market had been eagerly awaiting, brought an unexpected boost to cryptocurrency derivatives markets. The August report on the core personal consumption expenditures (PCE) index showed that price pressures in the U.S. economy remain persistent: prices for more than half of the components in the PCE basket are still rising faster than the target rate.
However, despite stubborn inflation and a tough macroeconomic backdrop, Bitcoin and the largest altcoins triggered a powerful wave of buying activity that completely overwhelmed sellers.
Liquidation heatmap and total liquidations dashboard showing market metrics, Source: CoinGlassEven though prices for more than half of the components in the PCE basket are still rising faster than the target rate, short sellers instantly found themselves trapped. The market interpreted cooling inflation as a green light for risk assets, triggering a cascade of forced liquidations of leveraged positions.
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According to analytics platform CoinGlass, the market steamrolled 73,709 traders over 24 hours, wiping out $259.12 million in positions. The epicenter of the catastrophe was an extreme one-hour imbalance: when the data was released, short liquidations surged to $82.61 million, while longs lost a mere $3.09 million. This 2,633% imbalance turned an ordinary price move into a classic macroeconomic short squeeze.
Plenty of reasons to sell, zero actual sellers. What is happening with crypto right now.The main drivers of the rally, absorbing most of the sellers' liquidity, were three key assets: Bitcoin, Ether, and XRP.
Bitcoin, which maintains a firm hold on nearly 59% of the entire crypto market, reached $83,825.17 at the peak of the move. Bitcoin short sellers accounted for more than $51.69 million in losses over 24 hours. The hardest hit came on the HTX exchange, where a single BTC-USDT position was forcibly liquidated for $6.91 million.
Ether, the second-largest cryptocurrency, contributed a substantial $16.39 million to total liquidations despite an intraday dip to $2,679.29. XRP then fell into the grip of the short squeeze: after settling at $1.4975, Ripple's token accounted for a share of triggered stop orders alongside the most volatile altcoins.
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This short squeeze exposed the central paradox of the current market: Bitcoin has plenty of reasons to fall. U.S. stocks have stopped rising, oil is insanely expensive, the yield on 10-year U.S. Treasury bonds is hovering around 5.2%, and the CLARITY Act's failure in the Senate should have sent crypto plunging. But after a brief move lower, Bitcoin held firm and returned to its previous levels.
The asset's resilience in the face of bad news shows that institutionalization has already taken place through ETFs, major banks, and funds that have entered the market for the long term and are developing the sector regardless of Congress's decisions. There appear to be regulatory and macroeconomic reasons to sell, but there are simply no actual sellers in the market, and year-end is approaching — the time when funds will start allocating fresh money to strategies for 2027.
The latest OKX Proof of Reserves (PoR) report shows the exchange currently holds about 244 million XRP in balance, up 33% year-to-date.
As part of efforts to maintain transparency and prove its solvency, leading global crypto exchange OKX recently released its 47th monthly Proof of Reserves report, exactly a month after the 46th edition on Aug. 31. Data shows that these figures were verified on Sept. 8, 2026.
The report confirms that OKX backs customer balances for each crypto at more than a 1:1 ratio, with about $27.4 billion worth of cryptocurrency held in primary assets. This has been the industry requirement for crypto exchanges since the FTX implosion in November 2022.
OKX Holds 244M XRP in Exchange Balance Data from the Proof of Reserves shows that OKX holds 244.5 million XRP currently worth a little above $366 million as balance. This represents a mere 0.359% of the circulating XRP supply, which on-chain data puts at 68.126 billion tokens.
Of the 244.5 million XRP figure, the OKX platform maintains an exchange balance of 238.3 million XRP ($357.45 million), with 6.19 million XRP ($9.285 million) in third-party custody platforms.
Current XRP Reserves on OKX Importantly, the 244.5 million XRP represents a 108% ratio of the balance held by customers on the OKX platform. For context, the latest data shows that OKX customers hold about 227.095 million XRP valued at an excess of $340 million on the platform.
Increase in XRP Balance This 227 million XRP marks an increase of 13.4 million XRP in OKX customer balance over the past month, as the 46th Proof of Reserves report shows users held about 213.5 million XRP on OKX as of Aug. 11, with the exchange boasting a balance of 230.496 million XRP at the time.
In addition, the 227 million XRP figure represents an additional 61.4 million XRP added to customer holdings on OKX since the start of the year. For context, the first Proof of Reserves report for this year revealed that customers had 165.591 million XRP on OKX as of Jan. 17, 2026.
XRP Reserves on OKX January 2026 Meanwhile, the current exchange balance of 244.5 million XRP marks a similar spike in tokens held by the exchange itself, as this current figure represents a 33% year-to-date increase.
Notably, the exchange had a balance of 183 million XRP as of Jan. 17, with 167.922 million XRP held on the exchange, and 15.134 million tokens within third-party custody solutions. At the time, OKX held 111% of the total customer balance on its platform.
OKX Maintains 100%+ Ratio Across Assets Besides its XRP holdings, the latest Proof of Reserves report from OKX shows that the exchange holds at least 100% of all customer balances across the available assets.
For instance, customers on the platform currently hold 139,865 Bitcoin (BTC) tokens worth $11.88 billion. Meanwhile, OKX’s BTC balance stands at 153,151 tokens valued at $13 billion, with 146,359 BTC on the exchange. This represents a 109% ratio of customer balances.
As for Ethereum (ETH), customer holdings sit at 1,785,866 tokens worth $5.162 billion, while OKX has a balance of 1,796,024 tokens ($4.8 billion), representing a 101% ratio. Further, customers hold 7,411,794 Solana (SOL) valued at $882 million. Meanwhile, the OKX exchange balance stands at $923 million, a 105% ratio.
Ripple CEO Brad Garlinghouse has outlined the company’s approach to XRP, cross-border payments and the wider digital asset market, while highlighting the need for clear regulations around cryptocurrencies.
Speaking in a recent interview, Garlinghouse said cryptocurrencies need to have practical use cases and address specific problems. He cited cross-border payments as one of the areas where Ripple uses XRP.
Garlinghouse Highlights XRP’s Payment Use CaseGarlinghouse said Ripple uses XRP to address challenges in cross-border payments, pointing to the asset’s transaction speed and relatively low transaction costs.
He also discussed potential applications for digital assets in machine-to-machine and small-value payments. According to Garlinghouse, such use cases could require payment systems capable of processing transactions worth fractions of a cent.
At the same time, he said XRP is not suitable for every use case and that different digital assets can serve different purposes.
Ripple Sees Regulatory Clarity as ImportantGarlinghouse also discussed the impact of regulation on cryptocurrency adoption.
He said financial institutions are cautious about adopting digital assets when regulatory requirements are unclear. He pointed to the GENIUS Act as an example of legislation that provided greater clarity for stablecoins, particularly around disclosures and reserves.
According to Garlinghouse, stablecoin payment activity increased following the introduction of clearer rules.
He also referred to Ripple’s legal case involving the U.S. Securities and Exchange Commission, saying the company spent four years and about $150 million defending the case.
Garlinghouse pointed to the court’s finding that XRP itself is not a security as providing greater clarity for Ripple. He added that the wider cryptocurrency industry still faces regulatory uncertainty around how different digital assets should be classified.
Ripple Expands Its Payments BusinessGarlinghouse said Ripple initially focused on banks and payment providers but is now expanding its reach through acquisitions.
He highlighted Ripple’s acquisition of GTreasury, a treasury management company that serves large businesses. According to Garlinghouse, companies using GTreasury collectively handled about $13 trillion in payments during the previous year.
Ripple sees the network of corporate finance teams and treasurers using the platform as a potential distribution channel for its payment technologies.
Garlinghouse said Ripple could introduce stablecoin or XRP-based payment options to companies looking for alternatives for international transactions.
Garlinghouse Separates Ripple From XRPThe Ripple CEO also addressed the relationship between the company and XRP.
He said the XRP Ledger is open-source and decentralized, while Ripple controls about 2% of its validators. According to Garlinghouse, ownership of XRP does not provide control over the network’s governance because the ledger does not use a proof-of-stake system.
He argued that Ripple’s ownership of XRP should therefore not be interpreted as control over the XRP Ledger.
Garlinghouse Says Crypto Could Serve Different RolesGarlinghouse also discussed the potential role of cryptocurrencies as long-term financial assets.
He described Bitcoin as a store of value and said other digital assets could develop around different use cases. He specifically identified payments as an area where XRP is focused.
Garlinghouse said he expects financial institutions to continue exploring digital assets as the cryptocurrency industry develops.
For XRP, the focus remains on payments, financial institutions and the use of blockchain technology for moving value across borders.
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The growing alignment between Distributed Ledger Technology (DLT) and the ISO 20022 global financial messaging standard is drawing renewed attention to XRP, the native digital asset of Ripple. Unlike other cryptocurrencies such as Stellar Lumens and Hedera Hashgraph, XRP’s protocol was developed for native compliance with ISO 20022, positioning it as a key participant as banks and payment providers move toward the new standard.
ISO 20022 standard reshapes paymentsISO 20022, an internationally recognized protocol for electronic data interchange among financial institutions, offers richer, more structured data and enables faster cross-border transactions. Global payment network SWIFT has mandated a transition to ISO 20022 messaging for all banks by the end of the year, pushing the entire financial industry to update their systems.
Recent coverage in nocash Magazine described scenarios where XRP operates as a bridge currency alongside Central Bank Digital Currencies (CBDCs) within centralized payment systems. By using On-Demand Liquidity (ODL), Ripple’s technology allows major banks to exchange XRP for local currencies almost instantly, directly addressing challenges tied to cross-border settlements for SWIFT-participating financial organizations.
The practical implications of this integration could see a significant portion of legacy payment volume being moved on-chain, streamlining international transactions and potentially increasing reliance on digital assets designed for compliance with global standards.
Mini dictionary: ISO 20022, a global standard for financial messaging, promotes interoperability and faster, more secure payments across international banks and financial institutions. Its adoption is reshaping how data is exchanged for cross-border transactions.
XRP’s positioning and projected impactRipple, a US-based fintech company focused on real-time cross-border payments, has emphasized XRP’s potential role in the global payments landscape. Previously, Ripple CEO Brad Garlinghouse projected that XRP could capture up to 14% of SWIFT’s $155 trillion annual transaction volume.
Last year, Ripple strengthened its payment offerings through the acquisition of GTreasury, a treasury management platform that processed $13 trillion in transfers – although these volumes did not yet include digital assets. Ripple has indicated plans to bridge this gap in 2024 as financial institutions accelerate ISO 20022 adoption.
EntityAnnual VolumeRoleSWIFT$155 trillionTraditional global paymentsRipple$13 trillionCorporate payments (GTreasury, 2023, not digital)SWIFT’s move to ISO 20022 is expected to bring more cross-border activity on-chain, with Ripple promoting XRP as a bridge asset for these transactions.
Debate over Bitcoin and complianceIndustry observers hold differing views on how the ISO 20022 migration might affect established cryptocurrencies such as Bitcoin. Blockchain researcher SMQKE has argued that Bitcoin’s global market dominance could weaken if financial institutions value compliance with ISO 20022, a standard where XRP is already positioned favorably.
However, analyst Macro Bombastic countered this perspective, suggesting Bitcoin’s robust infrastructure and deep liquidity would maintain its relevance regardless of the standard. “Bitcoin doesn’t need ISO 20022 to keep doing its thing,” Macro Bombastic commented, noting that Bitcoin continues to lead daily trading volume among digital assets by a wide margin.
ISO 20022 may be a key test for traditional finance institutions adapting to new technology, with Ripple’s XRP holding a unique position due to its native compatibility with the standard.
Interplay with CBDCs and global adoptionThe convergence of CBDCs and ISO 20022 adoption creates further opportunities for XRP. Current research indicates that nearly 80% of countries are piloting or developing their own digital currencies. XRP’s integration with emerging CBDC platforms as a bridge asset could reinforce its role in facilitating efficient, cross-border digital settlements.
As Ripple’s technology enters new corporate and governmental channels, XRP’s alignment with global financial messaging standards is drawing wider institutional attention, especially as banks seek interoperability in a rapidly digitizing landscape.
Among the giants, Ripple may be at the most critical turning point.
Technically speaking, the $1.5-$1.7 region remains a formidable barrier for XRP. The altcoin has failed to overcome this obstacle since the beginning of the year.
Moreover, the altcoin has been moving sideways around this level for over four weeks now. At first glance, this looks like textbook accumulation where buyers take control and absorb supply.
However, on-chain data says otherwise. According to a CryptoQuant report, XRP’s Binance Scarcity Index (BNI) is at its lowest level since January 2025, which means there is a growing supply of XRP on Binance.
Thus, the lower the scarcity, the higher the amount of tokens available for selling in the market, which undermines the long accumulation thesis.
Source: CryptoQuant Interestingly, XRP’s Open Interest is also seeing its strongest growth since August 2025.
Since late August, XRP has gained more than 70% and is currently trading at $1.50, a roughly 50% increase over the past month. Binance Open Interest has been increasing as well, indicating that leveraged funds are flowing into the market.
With monthly Open Interest growth averaging nearly 1.3%, XRP has seen its strongest increase since August 2025. This implies that the recent increase in price is being driven not only by spot buying but by futures as well.
Put together, this makes XRP’s setup look less like ideal accumulation and more like a potential bull trap. However, as far as the XRP Ledger is concerned, things are looking good, and the fundamentals continue to improve.
The question now is whether Ripple [XRP] can catch up to its fundamentals or whether rising leverage will keep the rally vulnerable.
XRP’s strong fundamentals face rising on-chain risks Ripple is kicking off Q4 with a major strategic move.
In a post on X, Ripple announced that CSD BR is partnering with Ripple to tokenize Brazilian capital markets on the XRP Ledger, starting with the shares of the BTG Pactual fund, secured through Ripple Custody.
This could give the XRP Ledger a bigger role in Brazil’s growing tokenization market, adding another layer to Ripple’s growing institutional momentum.
The timing is also critical. As the chart below shows, the supply of stablecoins on the XRP Ledger has hit a new all-time high of $1.2 billion, up 4% this week alone.
That means more than $50 million in fresh liquidity has entered the network. With more than 90% of this supply being RLUSD, the stablecoin’s own supply has also hit a record $2.5 billion, further boosting XRPL’s liquidity setup.
Source: DeFiLlama Together, liquidity and new institutional use cases point to increased activity across the XRP ecosystem.
This, in turn, could keep XRPL activity, tokenization, and liquidity growing in the short term. But the bigger picture remains mixed.
On-chain weakness and rising leverage are creating pressure, while Ripple’s institutional moves, record RLUSD supply, and strong technical strength provide support.
That puts XRPL’s fundamentals at a crucial juncture for this cycle. Breaking above the $1.50 resistance without a significant leverage unwind would demonstrate that the increased network activity is beginning to have a material price impact.
More importantly, it provides investors with an area to watch as Ripple enters Q4, which makes it an interesting trend to follow for XRP’s next move.
Final Summary XRP faces strong resistance at $1.50–$1.70 as leverage and selling pressure rise. Growing XRPL activity and record RLUSD supply could support XRP in Q4.
On September 30, XRP appreciated with the shareholder vote approval of the proposed merger of Evernorth with Armada Acquisition Corp. II. The feat takes a massive obstacle away from the Ripple-backed XRP treasury company, which is now eyeing a Nasdaq debut.
XRP Recovers After Sharp Intraday Drop The vote has caught the eye of the XRP community, with Evernorth’s plans to launch a public XRP treasury under the XRPN ticker on Nasdaq. This move also coincided with a dramatic intraday selloff, putting the latest rebound in check as traders digested the impact of the merger result.
At press time, Ripple’s XRP rose by roughly 1.89% to $1.51 following a dip to below $1.47 ahead of the vote. The chart depicts a choppy trading session.
XRP price chart today. Source: TradingView Earlier in the day, XRP price started to rise to $1.55, but it soon turned around. The Ripple’s native token subsequently drifted around primarily between $1.48 and $1.50 for several hours. The price of XRP regained interest as the buys resumed later, pushing the coin back to $1.51.
This rally came around midday and XRP was soon touching $1.54. The rally was short-lived and the token soon returned to around $1.50. XRP was then able to find support below that level, before making a recovery.
The latest candles indicate that XRP is bouncing towards $1.51, implying that buyers have entered the market after the prior weakness.
XRPL Collaborator Reports Evernorth Vote Passed The Armada shareholders’ vote on the Evernorth merger was a major catalyst for the XRP price rebound today. Bear Champ, who is a collaborator of XRPL, reported this result on X.
“Listened in on the Armada/Evernorth merger vote, it passed,” Bear Champ wrote.
The reported result is an important step for Evernorth. The company hopes to create a big corporate XRP treasury in a publicly traded structure.
There will be over 473 million XRP sold in the proposed transaction. Once the remaining closing conditions are met, the merged company will continue to be traded on the Nasdaq under the “XRPN” ticker.
For XRP, the vote does not directly change individual corporate holders’ balances, for XRP. Rather, it pushes for the formation and development of a giant corporation that has a high stake in the token.
The next focus will be official confirmation of the vote and the remainder of the steps to complete the merger.
CSD BR, a major Brazilian market operator responsible for more than BRL 22 trillion ($4.23 trillion) in registered assets, has officially begun the integration of the XRP Ledger into its regulated securities systems.
Large-scale adoption of institutional blockchainThis development marks a significant milestone for both CSD BR and Ripple, as the XRP Ledger is now being connected to core capital markets infrastructure on an unprecedented scale in Brazil. CSD BR is authorized by major regulators, including the Central Bank of Brazil and the Comissão de Valores Mobiliários (CVM), to operate in the country’s capital market sector.
Ripple executive Luke Judges highlighted Brazil’s status as the world’s tenth-largest economy and said CSD BR’s operations cover registered assets totaling $4.23 trillion. He pointed out that this is the first time the XRP Ledger is being deployed at such a critical infrastructure level and on this scale.
This is the first public integration of the XRP Ledger into the core financial market infrastructure of this magnitude, with CSD BR selected as one of only two entities approved to operate within the sector by the CVM.
CSD BR provides centralized asset registration and securities custody services, supporting Brazil’s regulated market functions. By choosing the XRP Ledger, the company positions itself at the forefront of blockchain innovation for financial applications.
Initial rollout and integration detailsIn the first phase, the XRP Ledger will act as an additional record and audit layer for investment fund shares managed by CSD BR. The initial assets to be registered on the ledger come from BTG Pactual, one of Brazil’s largest financial institutions, further cementing institutional trust in the network.
This integration connects the XRP Ledger to regulated capital market infrastructure that is already in daily operation. Judges emphasized that the network is designed specifically for financial use cases, calling it “purpose-built for financial applications.” He also stated that the ledger can integrate with existing regulated systems without added complexity.
From pilot phase to full-scale operationRipple’s Latin America Managing Director, Silvio Pegado, described the transition from pilot programs to live securities infrastructure as a major step forward for the company and for distributed ledger technology in general. Pegado believes shifting from proof-of-concept to a live, functional network has broader implications for the entire sector.
Ripple’s executive team views the launch as an opportunity to demonstrate distributed ledger technology in the real-world operations of a national financial system, emphasizing both reliability and scalability.
Currently, CSD BR utilizes only the XRP Ledger in its blockchain stack, deploying it as a single-source platform rather than within a multi-blockchain environment. The initial launch involves fund shares from BTG Pactual, with further expansion focused on Brazil’s extensive fixed-income market—an area Ripple believes could eventually be migrated onto the ledger.
Meme token surge captures investor attentionWhile the XRP Ledger’s institutional adoption demonstrates blockchain’s appeal for established markets, the digital asset landscape continues to see surges in alternative sectors. The meme token market, for example, can witness rapid capital flows triggered by online trends. According to data from Fomo App, a notable instance involved “Niu Lai,” where a $99 trade grew to approximately $370,000 in a matter of days. In this competitive space, monitoring not just price but the timing and preferences of investors is crucial. Fomo App offers integrated token discovery and trading features, along with social feeds, investor rankings, and trade notifications, providing users with a streamlined way to track meme tokens and investor activity.
Outlook for Brazil’s securities marketThe implementation of XRP Ledger starts narrowly but paves the way for large-scale adoption. Ripple executives have suggested that, while the rollout begins with a single bank’s fund shares, the scope could widen to include much larger portions of Brazil’s fixed-income securities—a move supported by CSD BR’s vast asset base.
Ripple and Cardano both struck major partnerships in Brazil, pushing blockchain infrastructure deeper into the country’s regulated financial and energy sectors.
The deals highlight growing institutional interest in Latin America’s largest economy, even as both tokens posted only modest price reactions.
What Is Ripple’s New Deal With CSD BR?CSD BR, Brazil’s financial market infrastructure operator, began testing XRP Ledger as a parallel record-keeping system for investment funds.
The pilot uses XRPL’s Multi-Purpose Token standard combined with Ripple’s custody infrastructure. BTG Pactual fund shares now get mirrored on the blockchain, while CSD BR’s traditional systems still handle official registration and settlement.
A licensed central securities depository is recording securities ownership on a public blockchain for the first time — on the XRP Ledger. 🇧🇷
CSD BR is partnering with Ripple to bring Brazil's regulated capital markets onchain, starting with BTG Pactual fund shares, secured by…
— Ripple (@Ripple) September 30, 2026
Access remains limited to corporate and banking clients that meet strict identification requirements. Ripple’s Latin America director, Silvio Pegado, described the launch as a major industry milestone.
CSD BR manages more than $4 trillion in registered assets and plans to explore native asset issuance next. The company may also expand into fixed-income products once the pilot phase concludes.
How Is Cardano Expanding Into Brazil’s Energy Sector?Cardano Foundation separately unveiled two blockchain applications built with Petrobras, Brazil’s state-controlled energy company.
The first tracks sustainable aviation fuel using a Book-and-Claim model. Airlines, companies, or individual passengers can then claim verified credits, regardless of where the fuel was produced.
The second application traces renewable diesel across production, transport, and use. It addresses complex Scope 3 emissions reporting that companies often struggle to consolidate.
Today, we announce two new initiatives with @Petrobras.
As part of an ongoing R&D collaboration with Petrobras and PUC-Rio, the teams have delivered two blockchain applications focused on sustainable aviation fuel and Diesel R, Petrobras' brand of renewable fuel.
The work adds…
— Cardano Foundation (@Cardano_CF) September 30, 2026
Rafael Fraga, Cardano Foundation’s Latin America lead, defended the partnership’s broader purpose. He said the energy transition “will depend as much on trust as it does on new fuels.” Brazil’s oil and gas market could reach $28.82 billion by 2031, underscoring the stakes behind the deal.
ADA price trades near $0.2549, up a modest 0.9% over the past 24 hours despite the announcement. The token still sits more than 91% below its all-time high, reached back in 2021.
Together, the two partnerships suggest Brazil is becoming a testing ground for real-world blockchain adoption.
CryptoQuant data shows Binance's XRP Scarcity Index has fallen to -0.94, the lowest level since January 2025. The reading was flagged by CryptoQuant analyst ArabxChain and marks a dramatic reversal in the supply picture on one of the world's largest crypto exchanges.
A Sharp Reversal From July's Two-Year High The XRP Scarcity Index rose to 0.77 in July, its highest level in roughly two years, before plunging to -0.94 just a few months later. That swing reflects a notable shift in market conditions over a relatively short window.
The Binance Scarcity Index measures how scarce or abundant a cryptocurrency's tradable supply on the exchange is relative to the past. A higher reading means less XRP is immediately available for trading. Conversely, a falling or negative index is generally bearish: more XRP is available on Binance, meaning more potential supply that could be sold, which can create selling pressure.
More Supply Available, But No Confirmed Selling Binance's total XRP holdings have fallen by about 20% since November 2024, but the remaining supply appears to have shifted into a state where it can be used for trading rather than being stored in cold wallets. Analysts describe this as a shift in how existing supply behaves, not necessarily a change in total holdings.
Increased availability does not automatically mean holders are selling. CryptoQuant analysts note that greater exchange liquidity raises the potential for future selling pressure, but the data alone does not confirm that tokens are actually changing hands. Similar swings have occurred before without triggering lasting price moves.
For $XRP traders, the scarcity index has become a key on-chain indicator to watch alongside broader market catalysts, including any regulatory developments or shifts in exchange reserve flows.
Sources:
BeInCrypto: Binance's XRP Scarcity Index Signals a Major Shift in Token Supply
Yahoo Finance: XRP Binance Scarcity Index Hits 2-Year High: What Does It Mean for Price?
Crypto Briefing: XRP Binance Scarcity Index Falls to Lowest Level Since January 2025
A licensed Central Securities Depository just put securities records on a public blockchain. Not a proof of concept, not a sandbox experiment, but an actual integration involving real fund shares from one of Latin America’s largest investment banks.
CSD BR, which manages more than BRL 22 trillion in registered assets across Brazil’s financial markets, has partnered with Ripple to mirror securities ownership data on the XRP Ledger. The first phase of the project involves investment fund shares from BTG Pactual, one of Brazil’s most prominent financial institutions.
How the mirroring actually works The key word here is “mirroring.” CSD BR isn’t handing over the keys to the blockchain and walking away. The depository remains the official source of record for all registrations and settlements, meaning investor rights and existing legal frameworks stay exactly where they are. No changes to investor processes. No new legal responsibilities triggered by the integration.
The technical backbone relies on XRPL’s Multi-Purpose Token standard, a relatively newer capability on the XRP Ledger designed to handle a wider variety of asset types than its original token infrastructure allowed. Ripple Custody provides the asset security layer, keeping the private keys and access controls within an institutional-grade framework.
CSD BR processes millions of transactions and operates under the supervision of Brazil’s securities regulator (CVM) and central bank (BCB).
Why Brazil, and why now The partnership was executed without requiring new regulatory approvals, suggesting that the integration was designed specifically to operate within current rules rather than test the boundaries of them.
The selection of BTG Pactual as the inaugural use case adds credibility. BTG is Latin America’s largest standalone investment bank, and its fund shares represent a meaningful, liquid asset class rather than a tokenized novelty.
What comes next The mirroring phase is explicitly positioned as step one. Executives from both CSD BR and Ripple have framed the cautious rollout as intentional, describing real-world testing through mirroring as a pathway toward safe innovation.
Future phases could get considerably more ambitious. The partnership roadmap includes potential native asset issuance directly on the XRP Ledger and peer-to-peer trading. The asset classes being considered for expansion include CRIs (Certificados de Recebiveis Imobiliarios) and CRAs (Certificados de Recebiveis do Agronegocio), Brazilian equivalents of real estate and agribusiness receivables certificates.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Ripple and CSD BR have announced a partnership to bring the XRP Ledger ($XRP) into Brazil's regulated financial market infrastructure, in what the companies describe as a first for the central securities depository industry globally.
How the Integration Works
Participation is restricted: and meet anti-money laundering requirements will be admitted to the network.
The depository is one of only two central securities depositories approved by Brazil's securities regulator, the CVM.
Scope and Ambitions
Looking ahead, the project could expand beyond fund shares into native issuance and trading of additional regulated securities, including Brazil's broader fixed-income market.
Sources:
Ripple Official Press Release: CSD BR and Ripple Use the XRP Ledger Blockchain to Expand Brazil's Financial Market Infrastructure
Crypto Briefing: Brazil's CSD BR partners with Ripple to mirror securities records on XRP Ledger
Bitcoin.com News: Ripple Brings XRP Ledger to Brazil's BRL 22 Trillion Asset System
A licensed securities depository has put ownership records on a public blockchain for the first time. Brazil’s CSD BR, which holds more than BRL 22 trillion in registered assets, has begun mirroring investment fund shares on the XRP Ledger under the first phase of a partnership with Ripple announced on September 29. The rollout starts with fund shares from Brazilian investment bank BTG Pactual.
XRPL Acts As A Mirror, Not The Master Record
CSD BR’s own systems remain the official source for registration, deposit and settlement. The XRP Ledger works as a secondary layer where authorized participants can check and audit records in near real time.
Details of the setup:
Fund shares are tokenized using XRPL’s Multi-Purpose Token (MPT) standardAccess is permissioned and limited to Brazilian corporate and banking clients that clear KYC and AML checksCSD BR keeps full control over issuance, with powers to approve participants, freeze assets and reverse transactions on regulatory or court ordersRipple supplies the custody infrastructureThe model fits within Brazil’s existing rules and required no new regulatory approval. CSD BR is authorized by both the Central Bank of Brazil and the Brazilian Securities and Exchange Commission (CVM).
Why Start With Mirroring
According to Daniel Polano Spreafico, head of products and clients at CSD BR, mirroring is the safest way to bring new technology into critical market infrastructure, since nothing changes for investors, issuers or participants during this phase. Silvio Pegado, Ripple’s managing director for Latin America, called the move from pilots to live record-keeping in a national capital market a milestone for the industry.
What Comes Next
Once this phase is validated, the partners plan to extend blockchain use to native asset issuance and trading between authorized participants. Real Estate Receivables Certificates (CRI) and Agribusiness Receivables Certificates (CRA), two major segments of Brazil’s fixed income market, are under consideration. Privacy features and expansion into other asset classes and international markets are also on the roadmap.
XRP Price Fails To React
The adoption news has not moved the token. Several XRP holders on X voiced frustration that yet another Ripple partnership had done little for the price.
Part of the reason lies in the structure. Settlement stays inside CSD BR’s systems in this phase, and the arrangement relies on the XRP Ledger’s infrastructure rather than XRP as a settlement asset, which limits direct demand for the token for now.
Story Ends Here
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Ripple and CSD BR have moved Brazilian investment-fund records onto the XRP Ledger in a live regulated environment, starting with shares of BTG Pactual funds.
Summary
BRL 22 trillion sits in CSD BR’s registered asset infrastructure as blockchain record mirroring begins. BTG Pactual investment fund shares will be tokenized and mirrored onto the public XRP Ledger. CSD BR remains the official ownership record while XRPL provides an additional audit layer independently. Authorized institutions can verify mirrored records while KYC and anti-money laundering controls remain fully enforced. Future phases could bring Brazilian real estate and agribusiness debt securities directly onto blockchain infrastructure. Ripple said on Sept. 29 that CSD BR will use the public XRP Ledger as an extra record and audit layer while its own systems remain the official source for ownership, registration, deposit and settlement. CSD BR currently has more than BRL 22 trillion in registered assets.
The project goes beyond a closed proof of concept because transactions will take place within CSD BR’s existing market infrastructure. Investors, issuers and other participants will continue using the same processes during this first phase.
A licensed central securities depository is recording securities ownership on a public blockchain for the first time — on the XRP Ledger. 🇧🇷
CSD BR is partnering with Ripple to bring Brazil's regulated capital markets onchain, starting with BTG Pactual fund shares, secured by…
— Ripple (@Ripple) September 30, 2026 BTG Pactual investment fund shares deposited with CSD BR will be represented on XRPL using the network’s Multi-Purpose Token standard. The blockchain copies the ownership information so authorized participants can compare it with CSD BR’s official records close to real time.
How will XRP Ledger track Brazilian fund shares? CSD BR will continue controlling the assets themselves. Its internal systems remain legally responsible for recording who owns each security and for handling deposits and settlements.
XRPL provides a second record that can be checked by approved institutions. Ripple explained that the structure lets participants confirm whether blockchain records match information held inside CSD BR’s regulated infrastructure.
The project uses Ripple’s custody technology alongside native XRP Ledger functions. Access is restricted to corporate and banking customers in Brazil that have completed required Know Your Customer and anti-money laundering checks.
CSD BR keeps control over who can participate and how the tokenized records are managed. The system can freeze individual assets or reverse a transaction when a regulatory or judicial order requires it.
Daniel Polano Spreafico, CSD BR’s head of products and clients, said the company deliberately started with mirrored records because existing investor and issuer processes can remain unchanged.
“We chose to start with record mirroring because it is the safest and most responsible way to introduce a new technology into critical market infrastructure,” Spreafico said.
Brazil’s central bank independently lists the CSD BR system among the country’s authorized financial-market infrastructures, with permissions covering securities settlement, centralized depository services and asset registration.
BTG Pactual funds are the first assets being tested BTG Pactual fund shares provide the first live assets for the new setup. The partnership did not identify individual funds, their value or how many transactions are expected during the initial phase.
Luis Furtado, the BTG Pactual partner responsible for market infrastructure, said participating in the project lets the bank test blockchain technology within regulated fund infrastructure while keeping the existing official ownership records intact.
“Mirroring fund shares creates a concrete foundation for future developments while preserving current processes and the official record of the assets,” Furtado said.
The project therefore does not move the legal ownership register entirely onto XRP Ledger. CSD BR’s records still determine ownership, while XRPL acts as an additional place to verify and audit information.
That distinction matters for how the project should be described. Ripple has not announced that Brazil’s BRL 22 trillion of registered assets are being tokenized on XRP Ledger. The BRL 22 trillion figure refers to the total assets registered across CSD BR’s existing infrastructure, while the initial blockchain phase begins with selected BTG Pactual investment fund shares.
In related coverage, XRP Ledger added roughly $2.6 billion in tokenized real-world asset value over six months, according to RWA.xyz data previously reported by crypto.news. Much of that value was represented onchain while underlying assets remained governed by separate legal and custody arrangements.
Ripple plans to move from copied records to native assets If the first phase works as intended, Ripple and CSD BR plan to explore assets issued directly through blockchain infrastructure instead of merely copying records from existing systems.
Two Brazilian fixed-income products are already under consideration: Real Estate Receivables Certificates, known locally as CRIs, and Agribusiness Receivables Certificates, or CRAs.
Those products represent receivables tied to Brazil’s real estate and agricultural markets. Ripple and CSD BR have not set a date for bringing either asset class onto XRPL.
Trading between approved participants forms another possible future phase. CSD BR said the system could eventually move beyond auditing and record mirroring toward blockchain-native issuance and transactions between regulated institutions.
Privacy is part of that roadmap. The companies plan to add confidentiality tools intended to meet financial-market requirements as more activity moves onto the ledger.
That work lines up with technical development already underway on XRPL. In related coverage, XRP Ledger developers have been working on confidential transfers for Multi-Purpose Tokens, using cryptographic tools designed to conceal token balances and transfer amounts while keeping account identities visible on the public ledger.
The Brazilian project has not said whether that exact confidential MPT feature will be used once privacy functions are introduced.
XRP Ledger is gaining more institutional asset activity CSD BR’s rollout follows other institutional tests involving tokenized assets on XRP Ledger.
Earlier this year, Ripple, JPMorgan, Mastercard and Ondo tested the redemption of a tokenized U.S. Treasury product on XRPL. The blockchain portion of that transaction completed in roughly five seconds, while RLUSD served as part of the settlement process.
Crypto.news separately reported that XRPL had accumulated around $2.6 billion in net real-world asset additions over six months by July, excluding stablecoins.
Use of XRP Ledger infrastructure does not necessarily mean institutions must buy or hold large amounts of XRP. As previous crypto.news analysis of institutional XRPL adoption explained, institutions can use ledger functions and tokenized assets while XRP’s direct role may remain limited to network fees, account reserves or specific liquidity routes.
For CSD BR, the immediate focus remains the accuracy of its mirrored fund-share records. Ripple Managing Director for Latin America Silvio Pegado described the move from tests into live record keeping as a major step for regulated blockchain infrastructure.
The partnership was built under Brazil’s current regulatory framework and does not require new approvals for the first phase, according to Ripple. Brazil’s central bank states that authorized financial-market infrastructures are subject to oversight designed to protect the country’s payment and financial systems.
Once CSD BR validates the record-mirroring phase, the companies plan to consider native issuance, trading among approved institutions, more asset classes and stronger confidentiality features. Ripple said the technical model has been designed so it could eventually expand beyond Brazilian assets and participants, although no international rollout has been announced.
Bitmine Immersion Technologies Inc. (NYSE:BMNR) Chair Tom Lee and Binance (CRYPTO: BNB) founder Changpeng “CZ” Zhao anticipated major momentum in cryptocurrency markets.
Ahead With a Green Light?It all started when CZ posted an AI-generated, green night-vision photo of himself in bed, looking drowsy and surprised, in a nod to a popular meme. As if to suggest investors will be caught off guard when the cryptocurrency market turns green.
CZ’s post amplified an earlier post praising BNB Chain’s fundamentals and the BNB token’s long-term potential.
Lee endorsed CZ’s view, stating, “Agree, do you own enough crypto?”
Will the Rally Sustain?Lee believes the cryptocurrency market has begun, maintaining his $150,000 target for Bitcoin (CRYPTO: BTC) and projecting $60,000 for Ethereum (CRYPTO: ETH) in a couple of years.
Read Next
Lee is also putting the money where his mouth is. BitMine bought 17,362 ETH last week, pushing its total holdings past 6 million ETH, worth more than $16 billion at current prices.
The firm has bought ETH every week since it launched its treasury strategy in June of last year.
Major cryptocurrencies posted a strong rebound in September. That momentum has faded over the last week as Treasury yields have climbed.
Price Action: BitMine shares fell 0.19% in after-hours trading. The stock closed 0.41% lower at $26.73 during Tuesday’s regular trading session.
BMNR maintains a stronger price trend over the short, medium, and long terms, according to Benzinga’s Edge Stock Rankings.
Photo Courtesy: alfernec on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Financial commentator Bark has issued a strong statement about XRP’s outlook as October approaches, sparking discussion among investors and market watchers. In a recent social media post, Bark, widely followed for his market views, asserted, “You don’t have enough XRP for what’s about to happen next week.” Bark did not reveal any specific catalyst or price expectation, leaving his followers to speculate about his intentions.
Bark suggests important developments ahead for XRPDespite the attention his comment attracted, Bark has not offered details on what might drive a significant change for XRP in the coming days. He avoided mentioning any event, technical pattern, or market trigger, continuing a style familiar to his online presence.
Responses from his audience reflected a wide range of reactions. Social media user Silk.Daddy.888 noted his intention to document Bark’s forecast and evaluate its accuracy in the future. Others, such as RRS, expressed frustration about previous losses in $XRP and voiced hopes for a recovery to $3 in the current market cycle. Meanwhile, some commenters criticized XRP’s market performance relative to other cryptocurrencies.
Although Bark has signaled something notable may happen for XRP next week, he has not clarified whether it relates to price movements, new developments, or market catalysts.
XRP tests key resistance, technical structure in focusXRP recently traded near the $1.50 mark, after testing the upper resistance in the $1.55–$1.60 range. Early September saw the cryptocurrency climb from below $1.35 to just above $1.60, drawing increased attention from traders.
Market analysts have associated this area with a retest of a long-standing symmetric triangle pattern that XRP has been forming since around 2017 to 2018. However, Bark did not directly connect his claim about the coming week to this chart formation.
Date/RangeXRP PriceChart PatternEarly September 2026$1.30–$1.35Lower range before moveLate September 2026$1.55–$1.60Multi-year symmetric triangle retestInstitutional demand and protocol upgrades shape market sentimentRecent data indicates that U.S. spot XRP exchange-traded funds (ETFs) have attracted more than $1.75 billion in net inflows. Bitwise and Franklin Templeton have played significant roles in these increased institutional investments, reflecting growing interest in regulated XRP-based products.
While these inflows indicate strong demand, there is no confirmation that they will directly impact price levels in the coming week.
The XRP Ledger, the decentralized network supporting the XRP token, is also preparing for substantial protocol enhancements. The Batch amendment, set for deployment soon, will enable the processing of bundled transactions, while account delegation will introduce additional user functionality.
Mini dictionary: XRP Ledger, the decentralized blockchain platform created by Ripple, facilitates fast and low-cost international payments and supports native asset issuance, smart contracts, and decentralized exchanges within its protocol.
Bitwise and Franklin Templeton have contributed to the recent $1.75 billion in net ETF inflows, signaling growing institutional interest in XRP investment vehicles.
October brings new supply and major industry eventAs is standard at the start of each month, Ripple’s escrow system is set to release up to 1 billion XRP in October. Ripple, the company behind XRP, typically returns unused tokens to escrow based on market conditions. This release may affect circulating supply as institutional flows and technical upgrades continue to unfold.
Ripple will also hold its global conference, Ripple Swell 2026, in New York from October 27 to 29. The event will bring together leaders from financial services and the digital asset sector, coinciding with XRPL Apex, a major developer gathering.
At this time, Bark has not linked his prediction to specific events—such as the upcoming token release or the Ripple Swell conference—leaving investors to monitor both XRP market supply and industry developments as the new month begins.
Brazil's flag (Rafaela Biazi/Unsplash/Modified by CoinDesk)Summary
CSD BR is recording ownership of selected BTG Pactual investment funds on the public XRP Ledger, while its database remains the official record for registration, custody and settlement.The blockchain copy is intended to let approved institutions verify ownership changes in real time, reducing the slow and costly reconciliation process while preserving identity checks and regulatory controls.After testing the system with live fund records, CSD BR and Ripple plan to explore issuing and trading assets directly on the ledger, potentially including real-estate and agribusiness receivables.A Brazilian financial-market operator responsible for more than 22 trillion reais of registered assets, roughly $4 trillion, has begun putting records for investment funds run by BTG Pactual, Latin America's largest investment bank, onto the XRP Ledger.
CSD BR, which operates regulated registration, securities-depository, and settlement systems in Brazil, will use the public blockchain as a second record of who owns shares in selected BTG Pactual investment funds, according to a release shared with CoinDesk.
A depository keeps the official list of who owns which securities. When an investor buys into a fund, the depository updates its records, while the banks acting for investors keep their own books and regularly check them against the depository's to make sure they match.
That matching work, known as reconciliation, is slow and costly, and a mismatch can hold up a trade.
The existing CSD BR database remains the official record used for registration, custody and settlement, and the assets registered with CSD BR are not being moved onto XRP Ledger. Fund shares deposited with CSD BR will also be represented as tokens on XRPL.
Read More: Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal
Approved banks and companies can read that blockchain copy directly and check it against CSD BR's database at any moment, instead of comparing their own books after the fact. Every change on XRP Ledger is publicly recorded, including any reversal CSD BR makes, so a gap between the two records would be visible.
Why use a public blockchain?Many banks and depositories have experimented with private blockchains open only to invited members. CSD BR uses a public one while keeping control over who can hold the tokens.
Anyone can read those token movements on XRP Ledger, but CSD BR still controls who can own and transfer them.
Those tokens use XRP Ledger's Multi-Purpose Token standard, designed for financial assets whose issuers need more control than cryptocurrencies such as XRP provide. CSD BR can restrict who participates and freeze assets or reverse transactions when required by a regulator or court. Participants still have to pass the usual identity and anti-money-laundering checks.
The project starts with live fund records, according to Ripple and CSD BR.
That puts it a step beyond the blockchain pilots banks have run for years using test assets or closed networks. Real fund ownership records are being copied onto the public ledger, even though CSD BR's existing system still has the final legal say.
CSD BR was founded in 2018 and is authorized by both Brazil's central bank and securities regulator. Its systems register and maintain positions in instruments including securities, derivatives and other financial assets.
The larger change would come later. Assets issued and traded directly on a blockchain can change hands and settle in seconds, against the day or more that ordinary securities trades can take to finalize. Mirroring live records first gives the companies a working base to test that on.
Once CSD BR is comfortable with the mirroring system, the companies plan to test issuing assets directly on XRP Ledger and allowing approved participants to trade them there.
Future candidates include Brazilian real-estate receivables and agribusiness receivables, two established parts of the country's fixed-income market.
Read More: India starts tokenizing $620 billion corporate bond market with digital rupee settlement
30 September 2026 | 08:36 A Brazilian market-infrastructure operator has started testing XRP Ledger as a shared recordkeeping layer for investment funds, while retaining control of the official ownership register.
Key Takeaways CSD BR is testing XRPL with BTG Pactual fund shares. Its existing systems remain the recognized fund record. The first phase is limited to approved institutions. No retail XRPL fund market has been announced. Native issuance depends on results from the pilot. Brazilian financial-market infrastructure provider CSD BR has begun adding XRP Ledger to its process for recording and auditing selected fund shares. The first phase covers investment funds managed by BTG Pactual, according to Ripple’s September 29 announcement.
In this first phase, XRPL acts as a parallel record. It reflects selected fund-share information, while CSD BR’s established recordkeeping and settlement systems continue to handle regulated registration, deposit and settlement.
What changes in the first phase The immediate change is limited but practical. CSD BR can compare a blockchain-based fund record with its own established records without asking investors to adopt a new product, wallet or trading venue.
How the fund records work in the pilot
CSD BR’s existing infrastructure
Maintains the recognized records for fund registration, deposit and settlement.
XRP Ledger record
Carries a parallel representation of selected fund-share data for testing, recordkeeping and audit work.
Approved participants
The workflow is restricted to authorized Brazilian corporate and banking clients subject to KYC and AML requirements.
A fund-share record on a blockchain still needs to match the investor information and regulated register that CSD BR relies on when it processes subscriptions, redemptions and ownership changes. The technology can record information quickly; it does not remove the controls behind a regulated investment product.
For now, no retail XRPL fund product or open trading market has been announced. Investors cannot infer from the pilot that they can buy these BTG Pactual fund shares through a personal wallet, move them between platforms or use them in DeFi applications.
Why CSD BR is testing the model CSD BR reports more than BRL 22 trillion in registered assets across its broader infrastructure. That figure provides context for the operator’s scale, though the announcement does not disclose the value or number of BTG Pactual fund shares included in this first XRPL phase.
The pilot is intended to test whether a parallel blockchain record can remain aligned with existing systems and support reconciliation and audit work. Ripple and CSD BR have not published evidence of lower costs, faster settlement or a measurable reduction in operational workload. Those are questions the live test may help answer.
Starting with record mirroring lets CSD BR assess synchronization, permissions and exception handling before considering a larger role for blockchain in the fund lifecycle.
Coindoo recently examined the same operational issue in its report on the ownership gap in tokenized securities. A token transfer and a change in the recognized ownership record can involve separate steps, particularly when regulated assets require investor checks and transfer controls.
XRPL is public infrastructure; the workflow is controlled The project uses XRPL’s public blockchain infrastructure, while access to this particular fund workflow is restricted to approved institutional participants. Ripple says CSD BR is using the ledger’s Multi-Purpose Token standard within a permissioned environment for Brazilian corporate and banking clients that meet relevant KYC and AML requirements.
Within that controlled implementation, CSD BR retains authority over participant approval and asset administration. The announcement says it can freeze individual assets or claw them back when a regulatory or judicial order requires action.
That design reflects the realities of regulated fund markets. The operator must know who holds an instrument, restrict transfers where necessary and preserve a route to correct an error or meet a legal obligation.
What the pilot does not offer yet The announcement does not create a new retail BTG Pactual fund, grant unrestricted transferability to fund shares or introduce continuous public trading on XRPL. Existing investor, issuer and settlement processes remain in place during the first phase.
It also does not identify XRP as the settlement asset for the fund shares or disclose a transaction-volume commitment for the network. The development concerns XRP Ledger’s role in a regulated recordkeeping workflow.
Where the project could go next Ripple says CSD BR may explore native issuance of fund shares and trading among authorized participants after the initial phase. The companies also mention potential applications involving Brazilian fixed-income products, including CRI and CRA instruments, alongside additional confidentiality features.
Any expansion would depend on keeping identity checks, investor rights, transfer restrictions and regulated records aligned throughout an asset’s lifecycle. That becomes more demanding once a blockchain record moves beyond a parallel reference and starts supporting issuance or transfers directly.
The test is whether two records can stay one version of the truth The value of this project will be measured by whether the XRPL record can reduce reconciliation friction without creating a second, conflicting version of fund ownership.
If CSD BR can maintain that connection in a live regulated environment, the project could show where blockchain fits first in fund markets: behind the investor interface, supporting the institutions that already administer ownership and settlement.
This article is provided for informational purposes only and does not constitute financial, investment or legal advice. The scope of the CSD BR and XRP Ledger initiative may change as the project develops.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
A recent statement by crypto analyst and influencer Shield (@Shieldmetax) sparked debate within the XRP community, as he asserted that an investment of $500 in XRP could be life-changing. Shield’s post on X was widely shared among XRP enthusiasts, fueling fresh conversations about strategies and expectations surrounding the asset.
Community voices and expert opinionsXRP, the digital asset associated with Ripple, is currently trading at $1.48, reflecting a daily decline of 3%. With the current market price, a $500 purchase would yield approximately 337.8 XRP tokens. This figure is considerably below the benchmarks previously suggested by several well-known experts in the space.
Financial strategist Sidney M. Brewer has urged XRP holders to consider maintaining a minimum of 10,000 XRP in cold storage. Meanwhile, Alpha Lions Academy CEO Edoardo Farina remarked that holding fewer than 1,000 XRP constitutes “the definition of insanity” for investors. Despite these higher recommendations, Shield remains convinced that even a $500 position could be enough to secure substantial gains.
Shield stated, “$500 XRP. That’s all you need to change your life. You’ve been WARNED.” This assertion quickly gained traction as many in the community highlighted its urgency and optimism.
Community members responded with enthusiasm. Some users reported increasing their holdings after reading Shield’s post, while others lauded him for his stance on XRP. Several contributors described the mood as bullish, with one highlighting the widely discussed price target of $589 for XRP. If XRP were to reach this target, a $500 investment at the current price would be valued at nearly $199,000.
ScenarioPrice per XRPValue of 337.8 XRPCurrent price$1.48$500Target price$589$198,934.20Further, one commenter suggested that even $500 could make a difference, while others speculated about the impact if XRP were to reach $1,000.
Contrasting viewpointsNot everyone in the community supports the narrative that a $500 position in XRP is sufficient for life-changing gains. Some participants expressed skepticism about the plausibility of such targets based on current market conditions. One user suggested that only widespread adoption over a long period could support significant increases in value. Another participant challenged the notion, arguing it reflected a misunderstanding of market capitalization dynamics. Some even recommended a far higher minimum holding of 100,000 tokens to maximize exposure should the asset experience major growth.
Another user argued that substantial price targets require a practical understanding of the total market cap and realistic growth scenarios for $XRP.
High-profile predictions and ongoing debateDom Kwok, co-founder of EasyA, recently contributed to the debate by stating that he now views a $1,000 target for XRP as “more likely than ever.” Kwok, who is recognized for building educational Web3 solutions, has previously predicted XRP could hit $1,000 by 2030. His latest projection attracted significant attention across social media platforms, with the post quickly drawing hundreds of thousands of views.
A move to $1,000 from today’s $1.48 price would represent an increase of more than 67,000%. The community remains divided over whether XRP’s fundamentals and adoption rates can support such dramatic price appreciation. While debate continues, prominent voices such as Shield encourage enthusiasts to consider accumulating XRP before these ambitious targets are potentially met.
Mini dictionary: EasyA is a platform co-founded by Dom Kwok that focuses on simplifying blockchain and Web3 education through user-friendly apps and interactive learning modules.
Key Takeaways XRP maintains position above $1.50 with a 2.73% gain over 24 hours, holding critical support. Binance token reserves decrease to 2.69 billion, suggesting reduced selling pressure from exchanges. Critical resistance zone identified between $1.53-$1.60, with potential targets at $1.65 and $1.70. Technical indicators show RSI at 58 with positive MACD, indicating modest bullish pressure. Key support levels identified at $1.45 and $1.246 for downside protection. Ripple’s XRP reclaimed territory above the $1.50 threshold on Tuesday as buying pressure reinforced a critical support area. The digital asset hovered near $1.52, marking a 2.73% increase across the previous 24-hour period. Daily trading activity registered $4.55 billion during this timeframe.
XRP Price The token’s market capitalization reached $95.68 billion, based on CoinMarketCap data. Despite the daily gain, XRP remains down 3.66% across the weekly timeframe.
Following a retreat from September’s peak near $1.66, XRP has struggled to maintain momentum from that earlier upward move.
Data from CryptoQuant reveals that XRP holdings on Binance dropped to 2.69 billion tokens by Monday. This represents a decline from the 2.70 billion recorded the previous Saturday.
Source: CryptoQuant Declining exchange balances typically indicate reduced immediate selling pressure. When tokens transfer to self-custody solutions, it generally signals holder confidence and longer-term investment horizons.
Critical Price Barriers Ahead for XRP XRP currently faces a resistance corridor spanning $1.53 to $1.60. Market analyst DukesMarketAnalysis highlighted the 0.382 Fibonacci retracement level at $1.532 as an additional obstacle.
This zone has previously rejected upward price movements. A sustained close beyond $1.60 would signal greater significance than a temporary spike through the level.
Market commentator XRP Update, operating on X under the handle @XrpUdate, emphasized that the bullish framework remains valid. The account observed XRP’s recovery above the Point of Control and highlighted $1.58 as the immediate focal point.
A bullish flag pattern has emerged on the daily timeframe beneath current resistance. This formation suggests support at $1.5070, with upside objectives at $1.7683 and $2.1667.
Crypto analyst Egrag Crypto characterized XRP as range-bound between $1.45 and $1.65. A breakout above $1.65 would signal a structural shift higher, whereas a breakdown below $1.45 increases the probability of further declines toward $1.41 and $1.37.
Order flow dynamics have evolved around the $1.52 mark. Analyst CW8900 reported on X that XRP penetrated a selling barrier at that price point and advanced to approximately $1.55, with new buying interest establishing below current levels.
Technical Signals and Derivatives Activity The 8-week and 21-week exponential moving averages have completed a bullish intersection on the weekly chart. This development suggests strengthening medium-term momentum, though it doesn’t necessarily confirm a complete trend reversal.
The Relative Strength Index registers 58.02 on TradingView, positioned above the neutral 50 threshold. The MACD line also trades above its signal line, reflecting a moderate bullish orientation.
According to CoinGlass metrics, XRP futures volume decreased 4.31% to $5.46 billion. Open interest climbed 2.28% to $3.56 billion, indicating increased leveraged positioning in the market.
Liquidation heatmap analysis reveals concentration zones on the upside at $1.53-$1.54 and $1.56-$1.58. Downside liquidation clusters appear at $1.49-$1.50 and $1.45-$1.46.
Weekly chart patterns continue displaying a sequence of declining peaks and troughs. Market observers indicate that a breakout above previous highs is necessary to alter this structural pattern.
As of September 29, XRP fluctuated between the upper $1.40s and mid $1.50s. The price briefly exceeded $1.60 earlier in September before retracing, and currently trades below the $1.5070 and $1.246 levels that analysts are closely monitoring.
Financial analyst Levi described the US Securities and Exchange Commission’s latest crypto guidance as a major milestone for the industry, stating that the recent update is “massively bullish for crypto and $XRP.” Levi made his remarks after the SEC published new guidance and FAQs on September 25, 2026, covering several aspects of the digital asset sector.
SEC guidance expands on previous XRP classificationThe latest document builds directly on the March Interpretive Release that the SEC issued jointly with the Commodity Futures Trading Commission. That earlier release explicitly classified XRP as a digital commodity, marking a pivotal moment in the asset’s regulatory history.
Levi responded to the new guidance on X, writing, “BIG WIN FOR CRYPTO!!” He suggested that the SEC’s clarifications on how securities laws apply to digital assets could create industry-wide benefits and strengthen the position of XRP. The remarks highlighted positive sentiment among segments of the crypto community.
Levi declared, “BIG WIN FOR CRYPTO!! SEC issues new guidance clarifying securities laws on crypto. This is massively bullish for crypto and $XRP.”
The SEC’s Division of Corporation Finance released the updated material to offer deeper insight into digital asset transactions. However, the agency stated that the document only provides staff interpretation, not new binding rules.
Functional networks, token buybacks, and liquid staking addressedThe SEC guidance clarifies the regulatory status of crypto networks that have achieved full functionality. According to the document, routine operations related to the security, maintenance, or improvement of a network do not automatically meet the “essential managerial efforts” required for a securities law analysis under the Howey test.
In addition, staff addressed the issue of token buybacks in fully functional and decentralized networks, stating that such buybacks do not inherently constitute investment contracts. The characterization, the SEC explained, depends on transaction structure and profit expectations related to managerial actions.
The guidance also provided details on liquid staking receipt tokens. The SEC outlined situations where these tokens may represent interests tied to underlying digital commodities, but do not automatically result in an investment contract.
These points are intended to give developers and market participants greater clarity regarding several digital asset activities that previously faced regulatory uncertainty.
Mini dictionary: Howey test – A US legal standard from a 1946 Supreme Court case, used to determine whether a transaction qualifies as an investment contract and therefore falls under securities regulation.
Guidance offers clarity but does not change securities lawWhile Levi viewed the guidance as a “BIG WIN,” the SEC clarified that the material reflects staff views and does not carry the force of law. The Division of Corporation Finance emphasized that the FAQs do not amend US securities regulations or supersede existing legal precedent.
The agency indicated that each case involving digital assets continues to be reviewed individually based on specific facts and circumstances. The update aims to provide market participants with additional regulatory insight but does not grant blanket exemptions for cryptocurrencies or related businesses.
The Division of Corporation Finance emphasized, “Staff guidance does not have the force or effect of law and does not alter the application of federal securities laws.”
XRP’s legal position and prior court decisionsAlthough the new SEC guidance addresses several crypto activities in general terms, it does not create new rules specifically for XRP. The current regulatory treatment of XRP remains influenced by previous court cases. On July 13, 2023, Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP on digital exchanges did not meet the conditions of the Howey test. However, the court reached a different conclusion for some institutional sales.
This legal distinction is important in evaluating the significance of the SEC’s guidance for XRP holders and investors. Levi’s remarks place the latest update within an overall positive regulatory climate for both the crypto market and XRP, but do not signal a new legal determination for the asset itself.
The recent SEC release adds to the available regulatory information for the crypto industry while maintaining individualized assessments for each asset according to its unique circumstances.
XRP maintained a price of $1.49 in the last 24 hours, with trading fluctuating between $1.46 and $1.63 over the past week. Despite a minor uptick of 0.5% during the past day, XRP remained 7.7% below its level from seven days earlier, reflecting a recent pullback in the market.
Institutional moves support XRPRipple, the technology company behind the XRP Ledger (XRPL), reported the integration of XRPL as an additional recording and auditing mechanism in Brazil’s regulated financial sector. CSD BR, the country’s central securities depository, has initiated the use of XRPL to mirror information about investment fund shares issued by BTG Pactual. CSD BR will continue to serve as the official record-keeping system, while XRPL provides an added layer for registration and oversight.
Ripple characterized this development as a transition from pilot projects to a full-scale application in live markets, giving XRPL a significant position in Brazil’s financial infrastructure as XRP attempts to sustain its value above the $1.45 to $1.50 bracket.
Armada Acquisition Corp. II shareholders are set to vote on a proposed merger with Evernorth, a firm managing XRP treasury operations, on September 30. If the deal is approved and all closing conditions are satisfied, Evernorth plans to list on Nasdaq under the ticker symbol XRPN. The company, supported by Ripple, SBI, Pantera, and Kraken, is slated to launch with at least 473 million XRP and will invest across the XRP ecosystem.
Evernorth’s public listing requires further steps even if shareholders approve the transaction. The merger does not immediately trigger an XRP purchase after the vote.
Mini dictionary: Evernorth, a company backed by Ripple, SBI, Pantera, and Kraken, is focused on deploying capital and facilitating transactions within the XRP blockchain ecosystem as it pursues a public listing on Nasdaq.
Large XRP holders, often referred to as “millionaire wallets,” have increased their positions, accumulating over 470 million XRP over five days according to Santiment. Their collective holdings rose from 12.37 billion XRP to 12.80 billion XRP before September 24, with these purchases valued at approximately $724 million.
XRP institutional demand increased as US spot XRP ETF net inflows reached $75.59 million during the week ending September 25, bringing cumulative net inflows to roughly $1.79 billion. For the two most recent sessions, inflows totaled $3.96 million and $22.65 million respectively.
Technical outlook for XRPOn the daily chart, XRP traded near $1.50, rebounding from its August low near $1.00. The price climbed above all significant exponential moving averages: the 20 day EMA at $1.4608, the 50 day EMA at $1.3718, the 100 day EMA at $1.3716, and the 200 day EMA at $1.3114. The 20 day EMA is currently above the longer-term averages, with XRP approximately 2.5% higher than this mark.
If XRP manages to sustain a close above $1.46, bullish momentum could target the $1.55 to $1.60 resistance area. However, a daily close below $1.46 would leave the price vulnerable to support zones around $1.37 (50 and 100 day EMAs) and $1.31 (200 day EMA).
Moving AverageLevel20 day EMA$1.460850 day EMA$1.3718100 day EMA$1.3716200 day EMA$1.3114The daily Relative Strength Index (RSI) stood at 56.50, with its moving average at 58.65. The indicator remains above its neutral level of 50 and is not in overbought territory, offering room for increased buying if momentum picks up. An RSI move above 60 could help XRP re-test recent highs, while a drop below 50 may coincide with increased downside pressure.
On the 4 hour chart, XRP traded at $1.4960 between the lower Bollinger Band of $1.4688 and the middle band at $1.5048, with the upper band at $1.5408. The price has consistently tested the lower band following its retreat from the recent top near $1.65.
XRP could make another run towards $1.60 if it manages to clear resistance at the $1.54 to $1.55 range, although a move below $1.46 would weaken the bullish outlook and increase risk for further declines.
Technical indicators are mixed on shorter timeframes, with the 4 hour MACD remaining slightly bearish. The MACD line was at -0.0071, compared to a signal line of -0.0064, and the histogram showed a small negative reading of -0.0007. A bullish crossover near the zero line alongside price movement above the Bollinger midline would be supportive of near-term upside.
Brazil’s central securities depository, CSD BR, said on September 29 that it will begin using the XRP Ledger to mirror the ownership records of investment fund shares, in what Ripple described as the first time a national securities depository has adopted a public blockchain for securities record-keeping. The first phase of the partnership will tokenize BTG Pactual fund shares deposited at CSD BR while the depository’s own systems remain the official source of record, according to the companies’ announcement.
How the Record-Mirroring Model Works In the first phase, BTG Pactual investment fund shares held at CSD BR will be tokenized and mirrored on the XRP Ledger using the Multi-Purpose Token (MPT) standard. The blockchain acts as a complementary layer for querying and auditing, letting authorized participants check the consistency of records in near real time without changing the legal responsibilities of issuers, investors, or other participants. The environment is permissioned and limited to corporate and banking clients in Brazil that pass know-your-customer and anti-money-laundering checks, and CSD BR keeps full control over issuance and administration, including the ability to freeze individual assets and reverse transactions through clawback when regulators or courts require it.
A First for Regulated Market Infrastructure CSD BR is authorized by the Central Bank of Brazil and securities regulator CVM and holds more than BRL 22 trillion in registered assets. “Moving beyond pilots and proofs of concept to a live record-keeping infrastructure in a national capital market is a major milestone for the industry,” said Silvio Pegado, Ripple’s managing director for Latin America. CSD BR’s head of products and clients, Daniel Polano Spreafico, said the company chose record mirroring because it is “the safest and most responsible way to introduce a new technology into critical market infrastructure.” The move parallels other regulated infrastructure adopting blockchain for tokenized assets, such as The Clearing House selecting Quant to power its tokenized deposit network.
What Comes Next Once the mirroring phase is validated, CSD BR and Ripple plan to expand toward native asset issuance and trading among authorized participants, with real estate and agribusiness receivables certificates among the assets under consideration for later phases. The architecture combines Ripple’s custody infrastructure with the XRP Ledger’s native tokenization capabilities and is designed to add confidentiality mechanisms before extending to new asset classes and international markets. BTG Pactual’s Luis Furtado said mirroring fund shares “creates a concrete foundation for future developments while preserving current processes and the official record.” Ripple has been building out regulated custody and tokenization services for institutions, including Absa’s digital asset custody launch built with Ripple.
AUTHOR
Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.
XRP maintained its position above $1.50, showing a 2.73% gain over the last 24 hours, as traders watched for signs of continued momentum. The token hovered near $1.52, reflecting renewed buying interest and daily trading volume of $4.55 billion.
XRP price and Binance reservesXRP’s market capitalization reached $95.68 billion, according to CoinMarketCap data. While the token recorded daily gains, it remains 3.66% lower week-on-week, following a pullback from its recent September high near $1.66.
Recent figures from blockchain analytics platform CryptoQuant indicate XRP token reserves on Binance fell to 2.69 billion on Monday, down from 2.70 billion on the previous Saturday. A reduction in exchange holdings often points to weakening near-term selling pressure, as more tokens move into self-custody or long-term storage.
Mini dictionary: CryptoQuant, a blockchain data provider, aggregates and analyzes on-chain data to help traders and institutions understand crypto market movements, including exchange inflows and outflows.
DateXRP on Binance (billion)Saturday2.70Monday2.69Lower balances on centralized platforms often reflect greater investor confidence and a preference to hold assets for longer periods, instead of selling amid short-term volatility.
Analyst views and key resistance levelsXRP faces notable resistance between $1.53 and $1.60, with the 0.382 Fibonacci retracement level at $1.532 often viewed as an obstacle by market technicians. This region has historically limited the token’s upward movement.
Market analyst DukesMarketAnalysis stated that a close above $1.60 would hold more importance than a brief price spike through that level. The X user XRP Update highlighted that the bullish structure remains overall intact, with particular focus on whether XRP can sustain prices above the crucial $1.58 threshold.
Analysts note that XRP’s bullish formation persists above the Point of Control, with $1.58 representing the immediate level to watch for confirming continued upside momentum.
On the chart, a bullish flag pattern has taken shape just below resistance, indicating support around $1.5070. Upside technical targets are identified at $1.7683 and $2.1667. Crypto analyst Egrag Crypto described the market as range-bound, with price contained between $1.45 and $1.65 in the near term.
Analyst CW8900 observed that XRP broke through a selling wall at $1.52, allowing prices to advance toward $1.55. In addition, new buying demand has formed just below current levels, implying defensive support.
Price action shows that, after clearing resistance at $1.52, significant sell walls are absent in the short term, and buying interest has established below this level.
Technical indicators and derivatives dataOn the chart, the 8-week and 21-week exponential moving averages recently completed a bullish intersection. This development signals strengthening medium-term momentum, but does not guarantee a sustained uptrend in isolation.
TradingView data shows the Relative Strength Index (RSI) at 58.02, keeping the asset above neutral territory. The Moving Average Convergence Divergence (MACD) line remains positive and above its signal line, suggesting continued but moderate upward pressure.
According to CoinGlass, XRP futures volumes declined by 4.31% to $5.46 billion, while open interest rose 2.28% to $3.56 billion, indicating increased leveraged positions in the market.
MetricVolumeChange (%)Futures Volume$5.46 billion-4.31Open Interest$3.56 billion+2.28Liquidation heatmaps show concentrations at $1.53-$1.54 and $1.56-$1.58 on the upside, with downward clusters at $1.49-$1.50 and $1.45-$1.46. Longer-term chart patterns still exhibit lower highs and lower lows, and analysts consider a move above previous highs essential for any decisive trend reversal.
XRP traded between the upper $1.40s and mid $1.50s during late September, briefly topping $1.60 before a pullback. Analysts continue to monitor the $1.5070 and $1.246 support areas for potential downside protection.
Ripple (XRP) is down by 0.9% today, September 30, to trade at $1.49 at the time of writing. The slight drop comes amid choppy moves across the broader crypto market, with Bitcoin (BTC) stalling at $83,000 while Ethereum (ETH) holds $2,600.
XRP is also in focus after President Trump revealed that he is considering appointing the former chair of the SEC, Jay Clayton, to the AI czar role.
Trump Considers Clayton for AI czar Position While speaking to Axios, Trump said that Clayton would become a good AI czar, with his consideration for that position coming six months after David Sacks, who previously warned strict AI rules could slow innovation, resigned.
“I have somebody in mind… Clayton is a good man. He’s right here. That’s a good idea,” Trump said.
Clayton previously served as the Chair of the SEC up until December 23, 2020. He authorized a lawsuit against Ripple on his last day in office, where he categorized XRP as a security before Ripple won that lawsuit in August 2025.
The previous AI czar, Sacks, also served as a crypto czar, which suggests that if Clayton takes over this role, he could also help guide crypto policy decisions, especially after the CLARITY Act bill failed.
XRP ETF Inflows Slow as Open Interest Sheds $270M Data from SoSoValue shows that there were zero inflows to XRP ETFs on September 29. The inflows so far for the week starting September 28 now stand at $3.96 million.
The slowdown comes after XRP ETFs recorded $75 million in inflows in the week ending September 25, with that being the highest weekly inflow seen in four weeks.
XRP ETF Inflows/Outflows (Source: SoSoValue) Data from CoinGlass also shows that the demand for XRP by futures traders is also slowing down after the open interest dropped by $270 million from $3.73 billion on September 28 to $3.46 billion at the time of writing.
Still, XRP’s OI-weighted funding rate remains positive, suggesting that there are more long accounts than short accounts as more futures traders bet that XRP price will extend gains.
XRP Price Slips Below Key Support as Momentum Weakens XRP price had dropped below the psychological support at $1.50 on the four-hour chart at the time of writing.
The drop comes as the RSI reading of 45 suggests that the momentum is favoring bears.
However, the RSI line that has crossed above the signal line has also created a buy signal, and if this lures buyers back into the market, XRP price could target the 78.7% fib of $1.57.
XRP/USDT: 4H Chart (Source: TradingView) Still, the CMF line that is negative and tipping south suggests that the selling pressure is still outweighing the buying pressure.
If sellers remain dominant on the four-hour XRP timeframe, the price could drop to the 38.2% Fib of $1.40.
Utility Without ValueVeteran trader Peter Brandt has taken a sharp stance on $XRP, labeling it a "fool coin" and challenging the widely held view that Ripple's payment utility justifies a higher market valuation.
To make his point, The same logic, he argued, applies to XRP.
as additional reasons to be cautious about the asset as an investment.
Bitcoin Bulls, Altcoin CautionBrandt's skepticism toward $XRP stands in contrast to his broader market outlook. He views Ether and Solana more favorably than XRP among altcoins, though he offered little detail on his reasoning.
For investors with a higher risk tolerance, Brandt recommends keeping crypto exposure measured. He suggests that financially secure investors allocate no more than 10% of their portfolio to digital assets, with Bitcoin holding the largest share, and warns against chasing newly launched tokens.
That nuance has done little to quiet the backlash from XRP supporters, who continue to point to the token's expanding use cases and fixed supply as reasons to remain bullish.
Sources:
The Crypto Basic: Peter Brandt Says XRP Transactional Utility Alone Does Not Increase Its Value
The Currency Analytics: Peter Brandt Sees Bitcoin Hitting $600K by 2029 While Calling XRP a Fool Coin
Leading cryptocurrencies stayed resilient on Tuesday while rising government bond yields weighed on stock markets.
Crypto Market Holds SteadyBitcoin held on to support in the mid-$82,000 region, while bulls attempted a break above $85,000. Ethereum oscillated between $2,650 and $2,740, while XRP and Dogecoin inched higher.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.57% and 0.41%, respectively.
More than $220 million in crypto positions were liquidated over the past 24 hours, with long traders suffering most of the losses, according to Coinglass data.
Bitcoin’s open interest slid 2.20% over the last 24 hours. A fall in open interest alongside a price increase typically suggests short sellers are buying back contracts to close losing positions.
Investor sentiment leaned toward “Greed,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.96 trillion, up 0.30% over the last 24 hours.
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Stocks Extend LossesThe stock market continued its downward trend on Tuesday. The Dow Jones Industrial Average fell 131.59 points, or 0.26%, to close at 51,349.9. The S&P 500 dropped 0.16% to end at 7,670.84, while the Nasdaq Composite dipped 0.09% to close at 26,797.54.
Bond yields climbed further, while talks aimed at ending the war in Iran made limited progress.
The returns on long-dated 10-year Treasury notes climbed to 5.29%, its highest level since 2007, while the 30-year yield rose above 5.6%, reaching its highest level since June 2002.
On-chain analytics firm CryptoQuant noted that Bitcoin profit-taking has reached its highest level since Dec. 2024, a signal that demand is “fading.”
“The bull market is intact, but the rally is showing cracks. $80,000 is the first support to watch,” CryptoQuant added.
Blockchain research firm Santiment highlighted that wallets holding 10-10,000 Bitcoin accumulated 41,025 BTC over the past 10 days, increasing their share to 67.93% of the total supply.
However, retail wallets under 0.01 BTC have remained largely “flat” since the $87,000 price peak.
“The current divergence is encouraging, but it isn’t a guaranteed price signal,” Santiment stated. “That combination has repeatedly appeared before stronger Bitcoin moves.”
Ten years ago, shut out of Sibos, Ripple gathered a group of financial leaders to talk about what blockchain could mean for global finance. What started as a conversation outside the establishment has grown into one of the industry’s most influential gatherings – and this October, we're bringing 1,500 of the world's top decision-makers across traditional finance, crypto, academia and the XRP ecosystem to New York City for our biggest and best Swell yet.
For the first time in the event’s history, Ripple is combining Swell with Apex – its summit for the developers, institutions, and investors building on the XRP Ledger – and UBRI Connect, the academic conference for Ripple’s University Blockchain Research Initiative, which brings together researchers and students from its global university network. Together, that’s three days, multiple tracks, and the entire XRP ecosystem under one roof. Whether you’re building onchain, tokenizing collateral, shaping policy, or pushing the boundaries of research, the programming is designed to meet you where you are.
Over the past decade, the wall between traditional and digital finance has come down piece by piece, through regulatory clarity, institutional adoption, and rails built to move real money at scale. The XRP Ledger has run for 13+ years, processing well over $1T in volume, and last year, Ripple enabled trillions of dollars of transactions through our solutions. The infrastructure is built, battle-tested, and live, and Swell is where the people building on it come together to decide what comes next.
Read on to meet the speakers taking the stage.
Keynote SpeakersMatt Damon and Gary White, Co-founders of Water.org, join Ripple to show how innovative financial solutions are helping solve the world’s water crisis. Matt Damon, actor, producer, and co-founder of Water.org has spent nearly two decades bringing global attention to the fight for safe water and sanitation. Gary White, CEO and co-founder of Water.org and WaterEquity, built the model that made it work: WaterCredit, which has mobilized $8.2B and reached 92 million people, with a goal of 200 million by 2030. Together, they’ll show how Ripple Payments and RLUSD are already enabling faster money transfers across Asia, Africa, and Latin America, helping bring safe water and sanitation to millions.
Tom Farley, Chairman and CEO of Bullish (NYSE: BLSH) and former President of the New York Stock Exchange, takes the stage to share what sitting at the center of both industries tells him about where markets are going, and why the institutional adoption wave in crypto is well underway.
Brad Garlinghouse, CEO of Ripple, sits down for a fireside chat on the evolution of digital assets, the changing financial landscape, and where the industry is headed. He also moderates two conversations: one with Tom Farley on digital asset markets and the future of global finance, and one with Matt Damon and Gary White on how technology and partnerships expand access to financial opportunity. Few people have had a closer view of how this industry got here, or a clearer read of what it will take to build what’s next.
Johann Kerbrat, SVP and GM of Crypto and International, Robinhood leads Robinhood's crypto and international expansion with a mission to democratize finance for all. Having held engineering roles at Airbnb and privacy-focused crypto startup Iron Fish, he brings a builder's lens to the question of how retail and institutional access to digital assets converge at scale. He'll join Ripple President Monica Long for a conversation on the evolution of crypto markets, expanding access to digital assets, and the future of global financial services.
Laide Majiyagbe, Global Head of Markets, BNY leads the strategic direction of BNY's Execution Services, Liquidity Financing, and Global Collateral businesses, oversees the world's largest securities lending program, and serves on the Board of Directors of the Depository Trust & Clearing Corporation. She'll join Billy Hult of Tradeweb to discuss how new infrastructure across trading, liquidity, and settlement, from tokenized money market funds to stablecoins, is reshaping how institutions adapt to the next generation of markets.
The TracksProgramming is organized around three tracks: Institutional, Ecosystem, and Innovation. Each is built for a distinct audience but joined by a shared theme: the forces reshaping global finance.
Institutional: Built for Financial Services LeadersThe Institutional track is where the decision makers driving adoption inside banks, asset managers, fintechs, and policy institutions gather to make sense of how digital assets are transforming their businesses. This year’s sessions go beyond the usual talking points: what happens when AI starts moving money, the first year of a spot XRP ETF, and what it takes to bring digital assets into bank-grade production – the questions that keep boards, risk committees, and CFOs up at night.
Speakers to watch:
Michael Blaugrund, VP of Strategic Initiatives, Intercontinental Exchange (ICE) – Michael leads next-generation infrastructure and platform development across ICE's business units, having previously served as Chief Operating Officer of the New York Stock Exchange and CEO of DriveWealth. He'll join asset management and market infrastructure leaders to unpack what's driving the next wave of institutional adoption, from tokenized equities to onchain funds and collateral.Elizabeth St-Onge, Head of Digital Assets Product & Strategy, TD Securities – Elizabeth leads TD Securities’ digital assets agenda across client management, strategy, and enterprise product development, bringing over 20 years of experience in corporate banking, transaction banking, and payments. She’ll join leaders from Visa and Cari Network to debate one of the defining questions in stablecoins today: will the future be built by individual issuers or collaborative consortiums, and what those models mean for the next generation of global payments.Ecosystem: The Builders Shaping the XRP LedgerThe Ecosystem track is built for the developers, founders, and community members shaping the future of the XRP Ledger. This is where the latest features, capabilities, and projects are spotlighted, straight from the people making them happen. Developers can also sign up for the XRPL Hackathon the weekend before Swell and build alongside the people shaping the protocol.
Speakers to watch:
David Schwartz and Ayo Akinyele – Two of the sharpest technical minds in the XRP ecosystem share the stage for a fireside chat on the future of the XRP Ledger. David Schwartz, CTO Emeritus at Ripple and one of the original architects of the XRPL, has guided the protocol's evolution for over a decade, from its 2011 design through every technical and regulatory chapter since. Known across the community as "JoelKatz," he remains one of its most trusted and recognizable voices. Ayo Akinyele, Senior Director of Engineering at RippleX, brings a complementary lens: a cryptographer with a Ph.D. from Johns Hopkins and over a decade advancing privacy-preserving technologies, he is focused on bringing privacy, scale, and institutional-grade infrastructure to the ledger. Together, they will explore where the XRPL goes next, and what it will take to get there.Brett Mollin, Executive Director, XRPL Foundation – Brett leads the XRP Ledger Foundation with over a decade of experience leveraging blockchain for financial institutions. He'll make the case for why enterprises should run XRPL validators – not for profit, but for a voice in the network's governance and future.David Bchiri, President, XRPL Commons – A software engineer turned entrepreneur, David has spent 15 years building tech communities across Paris and San Francisco. As a blockchain enthusiast and lifelong learner, he prioritizes people over technology and focuses on impact. He'll bring that perspective to a panel on how RippleX, XRPL Commons, XRPL Foundation, and XRP Asia work together to back builders across every region.Innovation: Research at the FrontierThe Innovation track brings cutting-edge discoveries from Ripple’s University Blockchain Research Initiative – better known as the UBRI community – and the brightest minds on the front lines of blockchain research. This is where the foundational questions about trust, security, cryptography, and the architecture of the systems being built get asked, often years before they become core financial infrastructure.
Speakers to watch:
Ari Juels, Professor, Cornell Tech – Ari is the Weill Family Foundation Professor at the Jacobs Technion-Cornell Institute, co-founder and co-director of the Initiative for Cryptocurrencies and Contracts (IC3), and Chief Scientist at Chainlink Labs. His work sits at the intersection of cryptography, blockchain, and real-world systems. He’ll explore how AI is reshaping crypto, and just as importantly, how crypto-aligned technologies can benefit the AI ecosystem.Kevin Werbach, Professor, Wharton School, University of Pennsylvania – Kevin is Chair of the Department of Legal Studies and Business Ethics at Wharton, directs the Wharton Blockchain and Digital Asset Project, and is the author of The Blockchain and the New Architecture of Trust. He helped shape U.S. internet policy in the Clinton Administration and now brings that same regulatory and institutional lens to digital assets. He'll break down how agentic AI is becoming the connection point between DeFi, traditional finance, and tech, as traders begin experimenting with autonomous systems in the wild.Don’t Miss Swell 2026Swell has historically been where Ripple makes its most significant product and partnership announcements. This year's 10th anniversary will be no different. With 1,500 attendees, including policymakers and C-suite leaders from banks, fintechs, corporates and asset managers, the room itself is the network.
If your business depends on where payments, tokenization, and digital assets are heading, this is where the conversations shaping what comes next are happening.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
XRP (CRYPTO: XRP) is trading in a tight range as compressed volatility clashes with crowded leveraged longs—a combination that historically precedes a sharp move in one direction.
Key XRP Levels to WatchAnalysis from Bitrue Research Institute, shared in an email note with Benzinga, shows signs of a classic volatility squeeze, for XRP with price recently fluctuating between $1.47 and $1.51.
Short-term support sits near $1.4642, with resistance around $1.5317. The wider trading range is between $1.40 and $1.60.
Momentum remains neutral, with spot buying and selling pressure relatively balanced. While the daily timeframe retains a bullish structural bias, shorter timeframes remain indecisive.
The 14-day Average Directional Index (ADX) sits near 15, indicating weak trend strength and reinforcing the compressed-volatility setup.
A Major RiskDerivatives positioning tells a more bullish story than the spot market.
XRP’s long-to-short ratio stands around 2.44, indicating leveraged bulls significantly outweigh bears even as spot demand remains balanced.
Bitrue Research Institute flagged this divergence as a key risk.
Low volatility combined with crowded longs can amplify a downside move if prices break support and leveraged positions begin unwinding.
A sustained break below $1.4642 could increase selling pressure and put $1.40 in focus.
Can XRP Break Toward $1.60?On the upside, a clean break and hold above the $1.5317 to $1.54 resistance zone could strengthen the bullish setup and open a path toward $1.60.
If neither side takes control, Bitrue sees XRP continuing to trade within the narrower $1.46 to $1.53 range.
Veteran Peter Brandt highlighted on Sunday that XRP charts alone have historically provided enough reason to take a position.
Image: Shutterstock
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Crypto Michael says XRP holders should prepare for “a lot of green” as he keeps his latest bullish chart setup private and revisits his long-running XRP calls.
Crypto trader Michael Monten, known as Crypto Michael on X, says his latest XRP chart setup points to another bullish phase, telling followers to “get ready for green. A lot of green.” However, he has kept the actual setup private, saying he promised members of his trading group that he would not share it publicly.
Michael’s X profile describes him as a crypto trader since 2018 and Bitcoin investor since 2014. He has repeatedly taken bullish positions on XRP and confirmed on Sept. 25 that he also holds the asset in his spot portfolio.
XRP price currently trades around $1.50, after reaching an intraday high above $1.65 on Sept. 23. The asset has since pulled back but remains well above its mid-September lows around $1.25-$1.30.
Michael Keeps Latest XRP Setup Private In his Sept. 29 update, Michael said he wished he could release the XRP chart setup but had agreed to keep it for members of his group.
“Let’s just say… get ready for green. A lot of green.”
He did not publish a price target, resistance level, timeframe, or invalidation point alongside the statement. As a result, the public call provides a directional outlook but no measurable target for the expected move.
A day earlier, Michael said XRP still “looks great,” describing the recent price swings as volatility before what he expects to be the next leg higher.
His language became even more aggressive on Sept. 29, when he described the potential XRP rally as a move that could become parabolic. The statement continued a pattern of bullish XRP posts throughout 2026.
Michael Has Tracked XRP’s 7-Year Pennant Since 2024 Michael’s XRP outlook predates the current market cycle.
In July 2024, with XRP trading below $1, he identified what he described as a seven-year bull pennant and said it could precede one of the biggest breakouts in crypto history. CoinDesk reported the call at the time as XRP pushed toward $0.60.
The long-term structure later broke to the upside during the November 2024 rally. Michael subsequently pointed back to that call as XRP moved through $1 and eventually above $3.
He had also disclosed buying XRP in July 2024 after years of consolidation, while arguing that widespread capitulation had created the setup he wanted.
Michael Says XRP Bottomed Again in 2026 His bullish stance continued after XRP entered its 2025-2026 correction.
In May 2026, Michael said the XRP bottom was in and described the asset as “coiled and primed.” By August, he again highlighted the $1 region as a cycle bottom and said the broader rally was only beginning.
On Sept. 23, he said he expected Bitcoin and XRP to outperform Ethereum in the coming weeks. Two days later, he told followers that XRP’s resistance levels could be cleared quickly once momentum returned.
Michael has also repeatedly referred to what he calls his “yellow lines,” claiming they helped him identify previous XRP bottoms. These remain his own trading claims and do not establish that future setups will produce the same results.
For the current call, the main limitation is straightforward: Michael has not published the chart behind his “a lot of green” statement. This leaves no public price target to calculate. His latest position nevertheless remains consistent with the outlook he has maintained through 2026—XRP has already established its major low, short-term volatility is part of the setup, and another larger move is expected afterward.
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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In XRP news, Ripple has now spent nearly nine years below its January 2018 all-time high of $3.84, yet the token still managed an almost eightfold run from roughly $0.49 in November 2024 to $3.66 by July 2025.
YouTuber Moon Lambo argues that long consolidation and a fast breakout are not mutually exclusive, pointing to Quant (QNT) and Zcash (ZEC) as proof that years of stagnation can precede outsized moves.
The comparison establishes possibility, not probability, and the gap between the two is exactly where XRP’s next leg gets decided. In a post on X, Moon Lambo pushed back on the idea that XRP is permanently barred from price discovery simply because it hasn’t broken its old record since 2017.
He said investors who assume XRP is finished should weigh its fundamentals rather than its multi-year price chart, and he framed his own QNT and ZEC positions as evidence that patience can eventually pay off in this market.
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QNT and ZEC Show Why a Long Wait Is Not ConclusiveMoon Lambo bought QNT for about $98 in 2023. It fell to around $54 before recovering to roughly $193, an unrealized gain of about 97% from his entry, and the token later spiked to around $352 before retracing.
That kind of acceleration has precedent: Quant tripled in a single week following a major U.S. banking partnership, the type of concrete institutional catalyst that turns a dormant chart into a breakout.
His ZEC trade tells a similar story on a larger scale. He bought in 2021 near $112, watched it drop to about $20, and has since seen it climb to roughly $1,700 this month, an unrealized gain of nearly 1,417%. According to the primary news reporting, ZEC did little for close to a decade before its current breakout, which is precisely the pattern Moon Lambo wants XRP holders to internalize.
The figures are striking, but QNT and ZEC are not stand-ins for XRP. Market capitalization, circulating supply, liquidity depth, and the underlying catalyst structure differ enough that a percentage gain on a smaller-cap asset says little about what capital would be required to push a token the size of XRP through a nine-year ceiling.
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Can News on ZEC and QNT Boost XRP Demand?XRP has rallied hard several times since 2018 without ever reclaiming that January high, and Moon Lambo’s argument is that the streak of failed attempts says nothing about whether the next one succeeds.
He believes XRP’s underlying utility has expanded since then, and that prices which look expensive today could look cheap in hindsight if a genuine breakout materializes.
That’s a fair framing, but it cuts both ways. Long sideways action doesn’t automatically mean an asset is dead, yet some assets never recover, lose adoption entirely, or permanently destroy capital for holders who waited.
The difference between the two outcomes is demand, not narrative, and that’s where XRP price-discovery claims need scrutiny rather than analogy.
ETF flows are the most commonly cited demand thesis right now, and XRP ETF demand genuinely matters if it’s sustained and verifiable through issuer-reported figures.
But inflows into a handful of funds have to outweigh spot-market selling pressure that has weighed on XRP’s price action for any ETF-driven bid to translate into a sustained move toward or above $4. Absent that offsetting flow data, treating ETF demand as a settled catalyst rather than a variable is premature.
Turning that possibility into price discovery still requires XRP to do something QNT, and ZEC didn’t have to: prove demand at a market cap and liquidity depth measured in the tens of billions, not millions.
Brazilian financial-market infrastructure provider CSD BR has moved to integrate the XRP Ledger into its regulated securities infrastructure, according to a local media outlet.
The Ripple-led initiative will initially use the XRP Ledger as an additional record and audit layer for investment fund shares held at CSD BR. The first assets involved will be fund shares from Brazilian banking giant BTG Pactual.
According to Ripple executive Luke Judges, the project could open a path for significant portions of Brazil's massive fixed-income market to move onto the XRP Ledger.
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"This is the first time the XRP Ledger is publicly being integrated into core financial market infrastructure of this scale," Judges said.
Regulated market infrastructureCSD BR forms part of Brazil's regulated financial-market infrastructure. Its services cover asset registration, central securities depository functions and so on.
The company is authorized by major Brazilian financial regulators, including the Central Bank of Brazil.
Judges described Brazil as the world's 10th-largest economy and said CSD BR has more than BRL 22 trillion worth of registered assets. Hence, the sheer scale of the tie-up should not be underestimated.
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The XRP Ledger is being connected to infrastructure that already sits inside Brazil's regulated capital markets.
The rollout will begin with investment fund shares from BTG Pactual that are deposited with CSD BR.
The CSD BR project is intended to move beyond the familiar proof-of-concept model.
Ripple Latin America Managing Director Silvio Pegado described the transition from pilots into live national capital-market infrastructure as an important milestone for the broader distributed-ledger industry.
According to Judges, CSD BR selected the XRP Ledger because the network was designed around financial applications.
"CSD BR chose the XRPL because it was purpose-built for financial use cases and can integrate with existing regulated infrastructure out of the box," he said.
XRPL is not being deployed as one network within a large multichain experiment. According to Judges, it is currently the sole blockchain included in the technology stack.
"Today, XRPL is the only blockchain in the stack," he said.
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XRP Binance Scarcity Index has dropped to -0.94, its lowest reading since January 2025, signaling that more tokens are now available for trading on the exchange.
The shift marks a sharp reversal from July, when the same index hit a two-year high.
What Is the XRP Binance Scarcity Index?The Binance Scarcity Index for XRP is basically a measure of how scarce XRP is on Binance compared with its normal/historical levels.
A rising or positive index is typically bullish: Less XRP is readily available on Binance. That means less potential sell-side supply. If demand increases, price can move up more easily. A falling or negative index is generally bearish: More XRP is available on Binance. That means more potential supply that could be sold, which can create selling pressure. According to CryptoQuant data, the index sat at 0.77 in July, its highest level in roughly two years. It has now fallen to -0.94, the lowest point since January 2025. That is a notable swing within just a few months.
XRP Binance Scarcity Index. Source: CryptoQuantBinance’s overall XRP reserves have actually dropped about 20% since November 2024. Still, the remaining coins appear more actively available for trading rather than sitting idle in cold storage.
Analysts describe this as a shift in how existing supply behaves, not necessarily a change in total holdings. Similar swings have occurred before without triggering lasting price moves.
Does the Falling Index Threaten XRP Price?Increased availability does not automatically mean holders are selling. CryptoQuant analysts note that greater exchange liquidity raises the potential for future selling pressure. The data alone does not confirm that tokens are actually changing hands.
XRP currently trades near $1.55; according to BeInCrypto data, it is up 3.4% over the past 24 hours. The token has still gained roughly 10% over the past month, extending a broader recovery. It also remains up more than 46% over the past year.
XRP Price Performance. Source: BeInCryptoPrediction markets have grown more cautious about a fresh all-time high this year. Odds for XRP reaching a record by December 31 now sit at just 6%, reflecting reduced scarcity-driven demand. That figure has slipped in recent weeks as supply data shifted.
Traders will likely watch upcoming reserve and exchange-flow data closely for signs of actual distribution.
Rising supply on an exchange can precede selling, but it can also reflect routine market-maker activity. Crypto markets remain volatile, and current indicators do not guarantee future price direction.
The BUIDL fund is sitting at the top of the US Treasury debt RWA screener on RWA.xyz for 30-day returns, according to the provided dashboard data. Its 1M return stands at 371.98%, while active addresses and holders are also rising.
The RWA.xyz asset screener shows 92 US Treasury debt-based RWA counts, with BUIDL ranking first for 30-day returns.
The fund reports a 371.98% 1M return, alongside 374.69% over three months and 377.64% year-to-date and since inception. Its inception date was March 20, 2024.
BUIDL’s AUM stands at $2.2 billion, with the dashboard showing a 20% decline. Redemptions are available daily.
BUIDL Metrics Show More Wallet ActivityReturns aren’t the only metric moving. BUIDL Metrics show rising active addresses, while the number of holders is also increasing. That adds another layer to the picture as the tokenized Treasury fund continues to operate across multiple blockchain networks.
BUIDL is available across Tempo, Arbitrum, BNB Chain, Optimism, Avalanche C-Chain, Solana, Aptos, Polygon and Ethereum.
BUIDL Keeps Daily Subscriptions And RedemptionsThe fund has a $5 million minimum investment and is available to U.S. Qualified Purchasers. It distributes income daily, while subscriptions and redemptions are also processed daily.
The fund structure is a British Virgin Islands Limited Company, with Securitize serving as its platform and transfer agent.
It charges a 0.50% management fee, while performance, subscription and redemption fees are listed at 0%.
With BUIDL leading the provided US Treasury debt RWA return data, rising holders and active addresses add another notable signal to its onchain footprint.
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Bitcoin is holding key support at $83,000, with analysts arguing that Treasury yields surging to a 24-year high have yet to derail crypto markets.
Notable Statistics:
Coinglass data shows 80,621 traders were liquidated in the past 24 hours for $292.56 million. SoSoValue data shows net inflows of $31.07 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $17.1 million. In the past 24 hours, top gainers include Bitway, Curve DAO and Aave. Notable Developments:
XRP Compresses Around $1.50: What Does Technical Analysis Say?Bitcoin Plummeted After the Last 4 Midterm Elections: Will History Repeat?Bitcoin’s Rally Breaks Analyst’s Bear Thesis: What Happens Next?XRP or Solana: Which ETF Is Really Winning? The Answer Is ‘Very Simple,’ Bitwise CIO SaysBitcoin ETF Inflows Surge but ETH Still Outperforms: What Is Going On?Rising Bond Yields Stop Bitcoin’s Rally. These 3 Indicators Signal It May Resume SoonCoinbase Wins CFTC Approval for Its Own ClearinghouseTrader Notes:
Scott Melker’s interview with Andrew Parish, Tillman Holloway and Mark Yusko highlighted that ETFs, options and futures have transformed Bitcoin into an institutional yield opportunity, potentially changing traditional cycle dynamics.
Yusko argued rising Treasury yields aren’t necessarily bearish for Bitcoin, saying global liquidity matters more than rates.
Since late 2023, the 10-year Treasury yield has risen roughly 135 basis points while Bitcoin has approximately doubled.
Yusko estimates Bitcoin’s fair value at $104,000 to $105,000, leaving BTC undervalued in the $80,000s.
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