Track market-moving stories before they get noisy

Bitwise Chief Investment Officer Matt Hougan says the SEC is ready to step in with rule-making if the CLARITY Act misses Friday’s deadline, arguing crypto will march ahead either way.

What Happens If Clarity Fails This Week?Hougan wrote in a Bitwise note on Tuesday that the bill will not truly die if it misses the August 7 recess deadline.

Instead it enters what he calls a “walking dead” state, with ongoing chatter about reviving it in September or bundling it into a year-end omnibus package in December.

He said prolonged uncertainty is worse for markets than a clean failure, since professional investors are sitting on the sidelines waiting for resolution.

“The best thing that can happen if Clarity doesn’t pass this week is that the Polymarket odds break solidly lower, into the teens at least, so we can put the uncertainty behind us,” Hougan wrote.

Meanwhile, Polymarket currently puts passage odds at 27%, down from 82% in February.

Why The SEC Is The Real Backstop?Hougan pointed to SEC Chair Paul Atkins, who told CNBC the agency is “ready, willing, and able to come out with rules that address the same issues as Clarity.”

Hougan said rulemaking under Atkins could actually be more crypto-friendly than a bipartisan bill and may even accelerate progress in the near term.

The risk is a future administration installing a less friendly SEC chair.

But Hougan argued the industry has at least two and a half years of the current regulatory environment to entrench itself deeply enough that no future chair can reverse it.

Why Hougan Says The Genie Is Already Out Of The Bottle?Hougan pointed to the pace of institutional adoption as the reason no future regulator can reverse crypto’s progress. 

To make his point, Hougan drew a parallel to 1994, when sweeping telecom reform passed the House 423-4 before dying in the Senate without a floor vote. The internet did not wait.

“Washington is dysfunctional,” Hougan wrote. “But it’s not a referendum on crypto’s validity as a pillar of the global financial infrastructure. That ship has long since sailed,” he added.

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Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. This marks three consecutive days of losses, undermining investor interest and the broader optimism for a potential deal between the United States (US) and Iran to reopen the Strait of Hormuz.

XRP demand softens as headwinds escalateInstitutional interest in XRP Exchange-Traded Funds (ETFs) remains on the back foot, given muted activity on Tuesday and mild inflows of $1.15 million on Monday. According to SoSoValue, cumulative inflows are holding steady at $1.51 billion and total assets under management at $1.00 billion, indicating that investors have retained a positive long-term outlook in the token.

XRP ETF flows | Source: SoSoValueRetail demand has improved only slightly to 2.14 XRP on Wednesday, from 2.12XRP the previous day, according to CoinGlass’s data on perpetual futures Open Interest (OI). Despite the increase, the chart below highlights a general downtrend from 2.37 billion XRP, which marked the peak in July.

XRP Futures OI | Source: CoinGlassIn other news, Ripple announced a strategic investment in ZILO, a platform that specializes in transfer technology solutions for asset managers, and Liquid, a tokenization and trading company specializing in digital ownership and asset liquidity.

Nigel Khakoo, Senior Vice President, Trading and Markets at Ripple, said in a press release on Monday that “ZILO and Licuido provide core capabilities that are essential to further scaling this shift: regulated digital transfer agency infrastructure and liquidity for issuance and collateral mobility.”

Technical analysis: XRP bears tighten grip amid persistent declinesXRP remains under clear downside pressure, holding below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), which all sit well overhead and reinforce a bearish near-term bias. The downtrend resistance trendline, with a break level around $1.08, also stays above spot, suggesting that even modest rebounds would face selling interest.

Momentum indicators align with this tone, as the Relative Strength Index (RSI) slips in the low-40s on the daily chart and the Moving Average Convergence Divergence (MACD) histogram is marginally negative, hinting that bearish momentum is present but not yet exhausted.

XRP/USDT daily chartInitial resistance lies at the downtrend resistance break area near $1.08, where failure to reclaim would keep the latest slide intact. Above that zone, the 50-day EMA around $1.12 is the next hurdle, followed by the 100-day EMA near $1.20, while the 200-day EMA up at $1.40 defines a much higher structural cap that would need to be overcome to meaningfully challenge the broader bearish structure. On the flip side, the path of least resistance remains to the downside with the area at $1.05 holding as the nearest support, followed by the critical $1.00 level.

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

Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

In a recent post, Hussein Zangana (Vet) highlighted a little-known but longstanding XRP Ledger functionality that might be exploited by bad actors if not implemented correctly.

Vet shared his observation along these lines, noting that now and then, people try to trick exchanges and projects into crediting them more funds than they are sending.

This relates to XRP Ledger Partial Payment, a payment that can succeed while delivering less than the stated amount.

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The good news is that this functionality is nowadays very well understood by all large exchanges, Vet noted, but there is a need for new projects to understand it well, as Partial Payments can be used to exploit native integrations with the XRP Ledger to steal money from exchanges and gateways.

I always see every now and then, like today, people probing to trick exchanges/projects to credit them more funds than they were sending them.

An XRP Ledger Partial Payment is a payment that can succeed while delivering less than the stated Amount. For exchanges, if you check… pic.twitter.com/xcEYBcMEGj

— Vet (@Vet_X0) August 5, 2026 "New projects and platforms should always be pointed to the XRPL docs to check the correct fields for crediting funds," Vet advised, in order to prevent mistakes that might arise from incorrect implementation of the partial payments functionality.

XRP Ledger Partial Payments: What new users should knowThe Partial Payment flag on the XRP Ledger allows a payment to succeed by reducing the amount received instead of increasing the amount sent. Partial payments are useful for returning payments without incurring additional costs.

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The sender of any payment transaction can enable the "Partial Payment" flag and send a payment that delivers less than the "Amount" field indicates.

The XRP used for transaction costs is always deducted from the sender's account, irrespective of the transaction type. This transaction fee is not included in the amount; however, this functionality might be exploited.

If a financial institution's integration with the XRP Ledger assumes that the amount field of a payment is always the full amount delivered, bad actors may exploit this assumption to steal funds from the institution. This exploit can be used against gateways, exchanges, or merchants as long as those institutions' software does not process partial payments correctly.

According to XRPL docs, the correct way to process incoming payment transactions is to use the "delivered_amount" metadata field, not the "Amount" field. The "delivered_amount" is the amount a payment actually delivered. This way, an institution is never mistaken about how much it actually received.

https://www.amazon.com/QUARPIMER-Ripple-Cryptocurrency-Collectors-Protective/dp/B094G1WTRV

XRP has now connected to Axelar’s network, enabling cross-chain transfers of XRP and other assets across over 80 blockchains. This development comes after Ripple and the Axelar Foundation announced their integration, facilitating asset movement between XRP Ledger (XRPL) and Axelar’s cross-chain infrastructure. This integration is seen as a significant expansion of XRPL’s multichain capabilities, potentially enhancing its access to decentralized finance (DeFi) platforms and liquidity pools without converting XRPL into an Ethereum Virtual Machine (EVM) chain.

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Market participants appear to interpret this cross-chain capability as a development that could elevate XRP’s utility and demand. The prediction market for XRP reaching $3.00 in August has seen modest activity, with sub-market odds reflecting a small increase in YES pricing. This activity suggests that some participants may view this interoperability as supportive of a potential price increase, though the current YES probabilities remain relatively low.

Key Takeaways XRP’s integration with Axelar’s network appears to suggest enhanced utility and broader DeFi access. Market pricing indicates a slight increase in the perceived likelihood of XRP reaching $3.00 in August. Current market odds for XRP’s price increase remain low, suggesting limited immediate impact on expectations. What to Watch Observers should monitor any further announcements from Ripple or the Axelar Foundation regarding additional partnerships or integrations that could further enhance XRP’s utility. Regulatory developments, particularly those involving the U.S. Securities and Exchange Commission, may also influence market perceptions. Additionally, broader crypto market trends and liquidity movements will be crucial in assessing XRP’s potential to reach higher price levels in August.

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What Price Will Xrp Hit In August 2026

Contract Odds Δ since publish Volume 24h September 1 2026 0.5% — — View market → September 1 2026 5.4% — — View market → September 1 2026 0.7% — — View market → September 1 2026 3% — — View market → Xrp All Time High

Contract Odds Δ since publish Volume 24h September 30, 2026 1.1% — — View market → December 31, 2026 4.6% — — View market →

There is a certain irony in the fact that the government official who launched the most consequential lawsuit in crypto history is now in charge of the US intelligence community. Jay Clayton, the former SEC chairman who authorized the agency’s case against Ripple Labs in December 2020, was confirmed as Director of National Intelligence on July 28, 2026, in a 51-47 Senate vote. XRP, the token at the center of that legal saga, was trading near $1.08 at the time, down roughly 64% year-over-year.

A lawsuit that reshaped crypto regulation On December 22, 2020, with Clayton days away from leaving the SEC, the agency filed suit against Ripple Labs alleging the company had conducted an unregistered securities offering worth $1.3B through XRP sales.

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In July 2023, Judge Analisa Torres ruled that XRP traded on public exchanges does not qualify as a security. The litigation wrapped up with a settlement in 2025. The final civil penalty against Ripple was adjusted to $50 million, a number that reads as almost modest given the company spent years and hundreds of millions of dollars in legal fees defending the suit.

From securities enforcement to signals intelligence As DNI, Clayton now coordinates all 18 agencies within the US intelligence community, with a mandate covering national security priorities including economic espionage and cybersecurity threats. Clayton’s new role gives him no authority over SEC policy, crypto regulation, or anything that would directly influence how digital assets are treated under US law.

What the price action actually tells you XRP near $1.08 and down 64% year-over-year is the market’s clearest statement about where attention is focused. The Clayton confirmation produced no observable price reaction in either direction.

The SEC lawsuit suppressed institutional interest and kept major US exchanges from listing or re-listing the token during its active phase. With that overhang lifted, the price driver shifted back to macro conditions and market sentiment.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Senator John Kennedy has called for the U.S. Senate to take action on the CLARITY Act before Congress leaves for its August recess, raising hopes for long-awaited regulatory certainty around digital assets. Kennedy, speaking directly on the Senate floor, emphasized that lawmakers have spent years working on cryptocurrency legislation and that it is time for Congress to act.

Push for crypto legislation gains momentumKennedy urged colleagues to move forward, underscoring the importance of wrapping up legislative work on digital assets. His remarks reflect growing urgency in Washington to establish a comprehensive regulatory system that would offer guidance for companies operating in the cryptocurrency market.

The CLARITY Act has been crafted to define the regulatory boundaries for cryptocurrencies in the United States. The bill seeks to explicitly delineate when a digital asset should be regarded as a security and when it qualifies as a commodity, addressing longstanding ambiguity that has affected the industry.

For Ripple’s XRP, this distinction is critical. Regulatory uncertainty has persisted since the SEC initiated legal action against Ripple, prompting many U.S. financial institutions and service providers to take a cautious approach toward the token. While Ripple continued its international expansion, hesitation among U.S. banks and investors remained due to unclear legal guidance.

Ripple has positioned itself as a leader in enterprise blockchain solutions and cross-border payments for regulated financial institutions, making legal certainty an essential factor for broader adoption in the United States.

Market analysts suggest that a unified regulatory policy could boost institutional participation, enabling banks, asset managers, public companies, and pension funds to allocate capital to the crypto sector with greater confidence.

Potential boost for Ripple and wider industryThe CLARITY Act, if passed, could accelerate institutional investment, expand digital asset custody options, and encourage more exchanges to list XRP and similar assets. A predictable regulatory environment is often seen as a catalyst for wider industry adoption and innovation across the blockchain sector.

Ripple has proactively broadened its global payment network, launched the RLUSD stablecoin, and advanced initiatives on the XRP Ledger involving tokenization and real-world assets. These steps have been complemented by securing regulatory approvals in major international markets. As a result, Ripple is positioned to leverage its foundation once a comprehensive U.S. framework is enacted.

Beyond Ripple, many blockchain startups have shifted operations abroad, seeking jurisdictions where crypto policies are more clearly defined. Enacting the CLARITY Act could encourage developers, exchanges, and institutional providers to invest domestically, strengthening the U.S. presence in the digital asset economy.

Kennedy’s push for an immediate vote highlights growing bipartisan support for cryptocurrency legislation, as more lawmakers argue against relying predominantly on enforcement actions and seek to implement practical, industry-wide rules.

Outlook for institutional adoption and real-world innovationMarket confidence often improves with reduced legal uncertainty. For XRP, whose price action has frequently tracked developments in U.S. regulatory policy, advancement of the CLARITY Act could lift one of the major hurdles facing investor sentiment and institutional allocation.

The XRP community, along with much of the U.S. cryptocurrency sector, is closely watching the legislative process. Supporters argue that the CLARITY Act does not offer special benefits to XRP but provides regulatory foundations needed for the entire industry’s development.

Many believe that Congressional approval of the bill before the August recess would signal a decisive step forward in America’s approach to digital assets, possibly paving the way for increased institutional involvement and renewed U.S. leadership in the global crypto market.

As industry participants monitor technical developments related to regulatory clarity and evolving market structure, interest is also growing in accessible investment options. In this context, 1stepSwap has emerged as a practical platform enabling users to bring real-world assets directly onto the blockchain. The platform provides access to shares of major U.S. companies and commodities such as gold and silver, allowing direct wallet transactions without intermediaries. By consistently offering the best available prices and rapid execution, 1stepSwap aims to simplify diversification and strengthen ties between traditional and digital finance.

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

The XRP Ledger just got a passport. XRPL and its EVM Sidechain are now live on Axelar’s interoperability network, letting users move XRP and other supported assets across more than 80 blockchains without juggling multiple bridges.

The integration, announced on July 20, represents the culmination of a partnership that’s been building since at least 2024, when Axelar was first tapped as the bridge provider for the XRPL EVM Sidechain. That sidechain itself only went live on June 30, 2025. So in roughly three weeks, the team moved from “EVM compatibility exists” to “here’s connectivity to basically every major chain.”

How the plumbing works Axelar operates as a decentralized network that connects disparate blockchains. Its Interchain Token Service handles the actual mechanics of wrapping and unwrapping tokens as they move between chains. You send XRP from the XRP Ledger, and it shows up as a usable asset on Ethereum, Avalanche, Polygon, or whichever of the 80-plus supported chains you’re targeting.

Axelar serves as the exclusive bridge for wrapped XRP moving to and from the XRPL EVM Sidechain.

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The cross-chain transfer experience is powered in part by Squid, which provides the user interface layer for moving assets. Squid abstracts away the complexity of selecting routes, estimating fees, and confirming transactions across chains.

The collaboration roster includes Ripple, Peersyst, which developed the XRPL EVM Sidechain, and the Axelar Foundation.

Why EVM compatibility changes the game for XRP The XRP Ledger has historically been somewhat isolated from the broader DeFi ecosystem. Most DeFi protocols run on EVM-compatible chains. The XRP Ledger doesn’t natively speak that language.

The EVM Sidechain solves this by giving XRPL an Ethereum-compatible environment that runs alongside the main ledger. Ripple CTO David Schwartz has emphasized the importance of EVM compatibility for expanding XRP’s reach into institutional use cases.

Axelar co-founder Georgios Vlachos has pointed to institutional applications as a key driver behind the integration. Ripple has long positioned itself as the crypto company that targets enterprise clients, and connecting XRPL to 80-plus chains through a single verified bridge fits that narrative.

What this means for investors The most immediate implication is increased utility for XRP. An asset that can seamlessly move across 80-plus chains has more potential use cases than one confined to a single ledger.

Cross-chain bridges have historically been double-edged swords. The Ronin bridge exploit alone cost over $600M. Axelar’s position as the sole bridge for wrapped XRP concentrates risk in a single point of infrastructure.

Investors should monitor adoption metrics in the coming months: how much wrapped XRP flows through Axelar, which destination chains attract the most volume, and whether DeFi protocols begin building XRP-specific products.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

XRP extended its decline on Aug. 5, 2026, trading near $1.07 as buyers struggled to move the token away from its lower range.

Summary

XRP trades near $1.07 as weak momentum keeps the token pinned above crucial technical support. CoinGlass data shows open interest near $2.25 billion after leveraged positions continued unwinding across exchanges. CryptoQuant sees balanced liquidations and neutral funding, suggesting positioning reset rather than forced capitulation currently. U.S. spot XRP ETFs reportedly logged four consecutive inflow days despite the token’s weak price. A sustained break below $1.05 could expose $1.00, while $1.10 remains the first recovery hurdle. crypto.news data showed XRP down about 0.9% over 24 hours, with trading volume near $911.7 million and market capitalization around $66.7 billion. XRP remained the sixth largest cryptocurrency.

The decline left XRP close to the $1.05 to $1.06 area that has repeatedly attracted buyers since late June. However, momentum indicators, spot flows and derivatives positioning offer little evidence of a confirmed recovery.

The current setup is not a typical liquidation collapse. Leverage has declined, funding remains close to neutral and liquidations have been relatively balanced. These conditions may reduce the risk of an immediate forced selloff, but they also show that traders have limited conviction in a rebound.

XRP price remains trapped near its lower range The supplied XRP/USDT daily chart shows a broad decline from above $2.50 to around $1.0676. Recent candles have formed a narrow consolidation close to the bottom of that move. XRP has not established a sustained recovery above $1.10, leaving the short term structure weak.

The relative strength index stood at 43.71, below both the neutral 50 level and its moving average of 44.87. The reading shows that buying momentum remains limited, although XRP has not entered deeply oversold territory on the daily chart.

XRP price chart, source: crypto.news MACD also remains mildly bearish. The MACD line was near negative 0.0110, below the signal line around negative 0.0101. The histogram remained slightly negative at about negative 0.0009. The small difference between the lines points to weak downside momentum rather than a sharp acceleration.

The immediate technical test sits between $1.05 and $1.06. A daily close below that range could expose the psychological $1 level and the late June lows around $1.01. XRP briefly broke the $1.05 area on July 28 before buyers returned. The earlier decline also pushed the four hour RSI into oversold territory, but that reading did not create a lasting reversal.

A recovery above $1.10 would provide the first evidence that buyers are regaining control. XRP would then need to clear the $1.13 to $1.15 region, which has repeatedly limited advances since June.

Analyst Ali Charts described $1.06 as the deciding level. His upside estimates of “$1.35 and $1.64” depend on XRP holding support and confirming a recovery. His downside levels of “$0.80 and potentially $0.62” require a clear breakdown. Neither path has been confirmed.

Other social media forecasts calling for “$23” or “$50+” are highly speculative. Those targets sit far above the current price and are not supported by present momentum, verified institutional forecasts or an established breakout structure.

Lower leverage points to a quiet positioning reset CoinGlass data showed XRP futures volume near $1.35 billion and total derivatives open interest around $2.25 billion at the time of reporting. The price on the platform stood near $1.067. The supplied data snapshot showed volume falling 10.27% and open interest declining 5.59% over 24 hours.

Falling price and falling open interest usually mean traders are closing positions rather than adding aggressive new shorts. This can reduce the fuel available for large liquidation driven moves. It does not, however, establish that spot buyers are ready to take control.

A separate CryptoQuant analysis found that its XRP open interest measure had fallen into a six month range low between 362 million and 369 million. The estimated leverage ratio also declined toward 0.139 to 0.142, close to the lowest reading during the same period.

CryptoQuant contributor CryptoOnchain also noted that funding remained between roughly negative 0.009 and positive 0.010 during the latest decline. Long and short liquidations alternated rather than producing a one sided cascade. The analyst interpreted the structure as a positioning reset rather than forced capitulation.

Network valuation also compressed faster than reported transaction activity. CryptoOnchain said the network value to transactions ratio fell 42.7% compared with its three month average, while transaction count declined 23.3%. This may indicate that market valuation weakened faster than ledger usage, but it does not provide a reliable timing signal for a price reversal.

The supplied CoinGlass spot flow chart recorded a net outflow of about $2.15 million on Aug. 5. Recent negative readings have been smaller than the large outflow spikes recorded in late 2025. Selling pressure appears less intense, but sustained positive flow would offer stronger evidence that demand is improving.

XRP Spot Inflow/Outflow, source: CoinGlass U.S. XRP demand has not produced a breakout U.S. spot XRP exchange traded funds have continued attracting capital despite weak price performance. Recent flow data reportedly showed four consecutive inflow sessions totaling about $15.4 million. 

XRP nevertheless remained near $1.08 during that period, showing that the purchases were not large enough to overcome selling elsewhere in the market.

As crypto.news reported in an earlier analysis, five U.S. spot XRP funds launched between November and December 2025 and had attracted roughly $1.5 billion by mid 2026. The funds created a new regulated source of demand, but XRP remained confined to a range around $1.00 to $1.13.

This divergence suggests that ETF inflows alone have not been enough to change the wider trend. Fund purchases must compete with token sales, exchange activity, derivatives hedging and weaker demand across offshore spot markets.

Regulated derivatives activity provides another U.S. market signal. CME Group data showed activity across its standard XRP futures contracts, while the settlement page listed prior day open interest of 6,894 contracts. CME contract data cannot be compared directly with CoinGlass totals because the products use different contract sizes and reporting methods.

The legal risk surrounding Ripple has also changed. The SEC and Ripple dismissed their appeals in August 2025. The district court’s final judgment remained in force, including a $125.04 million penalty and an injunction concerning future registration violations. The dismissal removed the active appeal, but it did not erase the court’s findings involving Ripple’s institutional sales. The SEC litigation release confirms that status.

Wider U.S. legislation remains unresolved. The CLARITY Act has reached the Senate calendar, but it still requires sufficient floor support, reconciliation with other legislative text and presidential approval. Seven Democratic senators said in July that the Republican proposal still fell short on several matters, and no final Senate vote had been confirmed by Aug. 5.

A confirmed vote or renewed delay could influence sentiment toward XRP and other U.S. traded digital assets. It would not, by itself, guarantee a sustained price move.

Ripple developments have not changed near term momentum Ripple announced strategic investments in ZILO and Licuido on Aug. 3. The companies plan to add transfer agency, token issuance, trading and collateral tools to Ripple’s institutional infrastructure on the XRP Ledger. Ripple did not disclose the investment amounts or financial targets. The official company announcement described RLUSD as a settlement asset for tokenized fund transactions.

As crypto.news reported in related coverage, the investments support Ripple’s broader move into tokenized capital markets. They have not yet produced disclosed revenue, transaction volume or XRP demand that can be tied directly to the token’s price.

The XRP Ledger also faced a validator manifest flood in late July. Developers released xrpld version 3.2.1 to restrict the processing and storage of untrusted manifests. The ledger continued closing normally, and no confirmed loss of funds or altered transactions was reported. Node operators were urged to install the update.

The next price signal will likely come from the market itself. Traders will watch whether XRP can hold $1.05, reclaim $1.10 and build stronger volume above $1.15. Open interest should also stabilize without price making new lows. Continued ETF inflows would be more constructive if they coincide with positive spot flows and stronger momentum.

A break below $1.05 would keep $1.00 exposed. A confirmed daily recovery above $1.15 would weaken the immediate bearish structure. Until either event occurs, XRP remains in a low conviction range with reduced leverage and limited bullish confirmation.

FAQs Is XRP oversold? Not on the supplied daily chart. Its RSI near 43.71 remains below neutral but above the conventional oversold level of 30. Shorter time frames have reached oversold readings during recent declines, although those readings did not confirm a lasting bottom.

Does falling open interest support an XRP recovery? It can reduce liquidation risk because fewer leveraged positions remain open. A recovery still requires stronger spot demand, improving momentum and price confirmation above resistance.

Why have XRP ETF inflows not lifted the price? ETF demand represents only one part of the market. It can be offset by direct token selling, hedging, weak offshore demand and distributions from existing holders.

What are the main XRP levels to watch? The immediate support range is $1.05 to $1.06, followed by $1.00. Initial resistance sits near $1.10, with stronger confirmation required above $1.13 to $1.15.

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

Jay Clayton, the former Securities and Exchange Commission chairman who signed off on the agency's landmark lawsuit against Ripple Labs, has a new and far more powerful perch in Washington. Clayton was sworn in as the nation's ninth Director of National Intelligence on August 3, 2026, following Senate confirmation.

A Narrow Confirmation The Senate confirmed Clayton to lead the US Intelligence Community as Director of National Intelligence in a 51-47 vote along party lines. He will now oversee the nation's 18 intelligence agencies. He takes on a role vacated in June when Tulsi Gabbard stepped down after a tenure marked by clashes with congressional Democrats. The confirmation marks his third Senate-confirmed role across two Trump administrations.

At his confirmation hearing, Clayton refused to say who won the 2020 election, sidestepping questions that could put him at odds with Trump. Democrats raised concerns that he could politicize intelligence at President Trump's direction.

The Ripple Connection The crypto industry has particular reason to take note of Clayton's elevation. The SEC filed its lawsuit against Ripple Labs, CEO Brad Garlinghouse and Executive Chairman Chris Larsen on December 22, 2020, Clayton's final day leading the agency. The SEC alleged that the company raised over $1.3 billion through unregistered $XRP sales. Clayton departed immediately after filing the case, and his successor Gary Gensler inherited the fight.

Ripple would go on to largely prevail. Judge Analisa Torres of the US District Court for the Southern District of New York ruled that $XRP is not a security when sold in public retail transactions, though certain institutional sales were deemed securities transactions under US law. Ripple was ordered to pay a $50 million settlement, reduced from the SEC's original $125 million claim, and both Ripple and the SEC withdrew their appeals in August 2025, formally closing the case.

The case is widely regarded as one of the most consequential legal battles in crypto history. The outcome provided clearer regulatory guidelines for the crypto industry, though it stopped short of setting a binding legal precedent.

Sources:
Jay Clayton sworn in as US Director of National Intelligence (CNBC)
Jay Clayton Sworn In As Director Of National Intelligence (ODNI Official Release)
SEC's Long-Running Case Against Ripple Officially Over (CoinDesk)

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) move toward the key technical levels on Wednesday, which could determine the next directional bias. BTC is near the 50-day Exponential Moving Average (EMA), ETH trades sideways while XRP is showing signs of stabilization.

Bitcoin could extend gains if it closes above the 50-day EMABitcoin price trades at $64,419 on Wednesday, approaching the key resistance level at the 50-day Exponential Moving Average (EMA) at $64,654, where a close above this level suggests further gains. However, BTC configuration suggests the broader trend remains under pressure as it holds below the 100-day and 200-day EMAs, at $67,080 and $72,650, respectively.

The Relative Strength Index (RSI) around 52 hints at only modest directional conviction, and the negative Moving Average Convergence Divergence (MACD) reading reinforces a still-fragile bullish case.

On the topside, immediate resistance is located at the 50-day EMA near $64,654, followed by the 100-day EMA at $67,080 and then the 200-day EMA around $72,650, with a more distant barrier emerging at the prior horizontal resistance level of $84,410.

On the downside, initial support is seen at the horizontal line around $64,004, and a clear break beneath this floor would likely open the door to a deeper corrective phase as moving-average sellers retain control while BTC trades below all key EMAs.

Ethereum trades sideways between the 50-day and 100-day EMAsEthereum price trades at $1,875 on Wednesday, holding a neutral to mildly constructive stance as it trades above the 50-day EMA at $1,852, but it remains capped by the 100-day EMA at $1,925 and the higher 200-day EMA at $2,134.

The RSI around 52 suggests balanced momentum after recent consolidation, while the MACD remains in negative territory, hinting that upside attempts could still face supply near overhead averages.

On the topside, initial resistance is located at the 100-day EMA at $1,925, followed by the psychological and chart hurdle at $2,000, with the 200-day EMA at $2,134 reinforcing a broader cap if buyers extend the advance. 

On the downside, immediate support is provided by the 50-day EMA at $1,852; a daily close below this level would expose the more distant horizontal support zone near $1,385.

XRP’s momentum indicators show fading bearish strengthXRP trades at $1.075 on Wednesday, maintaining a bearish near-term bias as price holds below the 50-day, 100-day, and 200-day EMAs at $1.117, $1.198, and $1.388, respectively, keeping the broader trend capped despite the recent stabilization above the $1.070 handle. 

The RSI at 45 sits just below the neutral 50 line, hinting at subdued buying interest, while the MACD remains marginally negative, suggesting that downside pressure is not yet fully exhausted.

On the topside, initial resistance is at the 50-day EMA at $1.117, with further hurdles at the 100-day EMA near $1.198 and the horizontal barrier at $1.300; beyond that, the 200-day EMA at $1.388 and the more distant $1.900 level define a broader supply zone.

On the downside, the first notable support emerges at the horizontal level around $1.000, where buyers would be expected to defend the psychological parity area to prevent a deeper retracement.

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

Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.

Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.

Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.

Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

With few indications that a significant reversal is taking place, Dogecoin is still struggling within a well-established downtrend. Following months of price declines, DOGE is currently trading close to $0.070, staying below all of the daily chart's major moving averages. Although the asset has stabilized since its June sell-off, this has not resulted in a resurgence of bullish momentum on its own. 

Multiple resistance layersThe technical framework is still inadequate. There are several layers of resistance between $0.075 and $0.085 as the 50-day and 100-day EMAs continue to slope downward, while the 26-day EMA is slightly above the current price. 

DOGE/USDT Chart by TradingviewThe distance DOGE would need to recover before the long-term trend could be deemed neutral once more is highlighted by the 200-day EMA, which is still much higher at $0.10. 

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Momentum indicators present a similarly cautious picture. The RSI, which is currently hovering around 44, has somewhat recovered from oversold territory, indicating that selling pressure has lessened but buyers have not yet gained control. Additionally, volume has been declining during the recent consolidation, suggesting that neither side is very convinced. 

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It's important to keep an eye on the $0.07 support zone. While regaining the 50-day EMA would be the first technical indication that bullish momentum is returning, a break below it might expose DOGE to another leg lower. Until then, Dogecoin is still stuck in a general bearish trend with low volatility.

XRP remains trapped As buyers and sellers continue to compete around the $1.08 region, XRP is still trapped in consolidation. Although the asset has managed to avoid another breakdown below the psychologically significant $1 mark, each attempt at recovery has stalled below declining moving averages. 

According to the chart, XRP is currently trading slightly below the 26-day and 50-day EMAs, with the 100-day EMA at $1.20 remaining the next significant barrier. The overall market structure has not yet changed in favor of bulls, as evidenced by the long-term 200-day EMA around $1.39, which is still trending lower. In contrast to earlier weeks, volatility has significantly decreased. 

XRP/USDT Chart by TradingViewThe fact that XRP is shifting within a progressively smaller range indicates that a more significant directional move might be imminent. The RSI is near 46, indicating balanced momentum where neither buyers nor sellers have a distinct advantage. The $1.00 psychological level continues to be the most crucial support. 

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Since June, bulls have defended that zone multiple times, but over time, repeated tests tend to erode support. The likelihood of a move toward the 100-day EMA would significantly rise if XRP were to recover the 50-day EMA and establish closes above $1.10. 

On the other hand, losing $1 would probably increase selling pressure and render the current consolidation phase invalid. The market is currently waiting for a catalyst to identify XRP's next significant trend, so it is still range-bound. 

Hyperliquid's stabilization is questionedAfter one of its biggest corrections of the year, Hyperliquid is trying to stabilize. Before finding support around the 200-day exponential moving average near $50, the asset lost almost 30% in a few weeks after a rally that propelled HYPE above $75. 

The significance of that long-term trend indicator has once again been demonstrated, leading to a recovery that has driven HYPE back toward $56. Although encouraging, the recovery process is still ongoing. HYPE is currently challenging the 50-day EMA at $58 after regaining the 26-day EMA. 

HYPE/USDT Chart by TradingViewThis moving average is the first significant obstacle for bulls because it aligns with a prior support area that became resistance following the July breakdown. Momentum remains mixed. 

Although the Relative Strength Index has moved back from oversold territory, it is still below 50, suggesting that the bearish momentum has subsided without completely giving way to a bullish trend. During the recent rebound, trading volume also significantly decreased, indicating that buyers are returning cautiously rather than aggressively. 

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Whether HYPE can retake the $58-$60 range will determine the technical outlook. In the event of a successful breakout above the 50-day EMA, sellers are likely to resume their activity at the 100-day EMA, which is close to $63. 

However, the likelihood of another retest of the 200-day EMA around $50 would rise if current levels were to fail. HYPE is still in a corrective phase until it starts generating higher highs above its medium-term moving averages, despite the recent rebound.

Bitcoin stuck in the key rangeBitcoin has recovered from its June decline and is still trading in a narrow consolidation range. The asset's price action is compressed between the 26-day and 50-day exponential moving averages, and it is currently trading at approximately $63,800. This indicates that the market has reached equilibrium but has not yet decided on its next course. 

Every attempt at a recovery is still capped by the 50-day EMA at $67,000, while the 100-day and 200-day EMAs are still much higher, supporting the overall bearish trend. Bitcoin hasn't broken below $60,000 yet, but it hasn't gained enough momentum to overcome stronger resistance levels either. 

BTC/USDT Chart by TradingViewThe lack of directional momentum is confirmed by the RSI, which is nearly exactly at 50. Trading volume has continued to decline during the recent sideways movement, and neither buyers nor sellers currently have a clear advantage. 

When volatility returns, such conditions frequently precede a larger breakout. The 50-day EMA is the first significant barrier, while immediate support remains close to $60,000. 

The technical outlook for Bitcoin would be enhanced by a clear move above that level, which might draw attention to the 100-day EMA around $72,000. Until then, the market is waiting for a catalyst that can end the current period of uncertainty, and Bitcoin is still range-bound.

The XRP Ledger is getting one of its biggest updates in a long time, moving from version 3.2.1 to version 3.3.0. The upgrade brings six new features, though not all of them are as new or exciting as they sound.

How XRPL Updates Actually Work

The XRP Ledger runs on a network of computers called nodes, all connected to each other and all running the same software, known as XRP Ledger D. The “D” stands for daemon, which is just a technical term for a background service.

Version numbers follow a simple pattern: major changes update the first number, new features update the second number, and small bug fixes update the third number. Going from 3.2.1 to 3.3.0 means new features are being added, not a fundamental overhaul of how the network works.

Batch: Bundling Transactions Together

The new Batch feature lets users bundle up to eight transactions into one now, rather than signing each one individually. One version of this feature, called all-or-nothing mode, ensures a group of transactions either all succeed together or none of them happen at all, a concept known as atomic settlement.

This matters most for two use cases: letting retail apps monetize more easily, and enabling what’s called delivery versus payment for institutions, where two parties can exchange cash and assets with complete certainty that the trade either fully completes or doesn’t happen at all.

Permission Delegation: Sharing Control Without Losing It

This feature lets institutions hand over specific transaction permissions to other parties without giving up overall control. For example, Ripple could use this to let partner banks help mint its RLUSD stablecoin, similar to how Circle already allows partners to help mint USDC. That could expand how much RLUSD gets issued without Ripple handling every transaction itself.

Sponsor: Removing a Technical Barrier for New Users

Right now, doing almost anything on the XRP Ledger requires locking up some amount of XRP, whether that’s activating an account, creating a trading offer, or holding tokens and NFTs. The Sponsor feature lets companies cover XRP reserve costs for their users now, meaning a business like a neobank could pay these technical costs on a customer’s behalf, making it possible for everyday users to interact with the XRPL without needing to understand its underlying reserve requirements.

Confidential Transfers: Limited Privacy, Not Full Anonymity

Confidential Transfers hides balances only for the multi-purpose token standard, the newer token type built for tokenizing real-world assets like stocks and bonds. This does not hide XRP balances, NFT holdings, or standard IOU tokens.

With this feature, the fact that a transfer happened remains visible, but the actual amount being sent, and how much someone held beforehand, stays hidden. Institutions can still selectively disclose that information for tax or compliance purposes when needed. Broader privacy features covering entire accounts, and potentially XRP itself, are expected to arrive later, likely next year.

Two Features That Are Less Than They Sound

Dynamic MPT simply makes the multi-purpose token standard more flexible by allowing its properties to change after a token is created, a useful but fairly minor enhancement. Fix Cleanup isn’t really a feature at all. It’s simply a bundle of software and security fixes rolled into the update. Two of the six announced features are actually less significant than the others, based on how the update was framed.

Of everything included in version 3.3.0, Batch is expected to have the most impact on everyday users, since it directly improves how transactions feel to use on the network.

Story Ends Here

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As activity on the XRP Ledger climbs, questions have surfaced regarding how new assets built on the network, such as Ripple’s RLUSD stablecoin, impact the underlying utility of XRP itself.

XRP remains the foundation of all XRP Ledger transactionsDigital Asset Investor, a well-known commentator on digital assets, recently addressed this issue, emphasizing that XRP remains integral to every action conducted on the XRP Ledger, even when users transact with RLUSD rather than XRP directly. In a video post featuring Jack McDonald, Senior Vice President of Stablecoins at Ripple, McDonald pointed out that every XRP Ledger transaction depends on XRP as the required fee or “gas” for network operations.

McDonald explained that regardless of the asset being moved, whether XRP itself or a tokenized asset like RLUSD, every operation on the ledger consumes a small amount of XRP. This approach helps maintain the security and efficiency of the network, ensuring each action is processed reliably.

Even when tokenized assets such as RLUSD are used, XRP is the gas token that enables the XRP Ledger to function and validates every transaction carried out on the network.

Growth in RLUSD activity supports XRP utilityDigital Asset Investor suggested that the expansion of RLUSD on the XRP Ledger could further drive demand for XRP. As RLUSD transactions increase, the volume of network activity rises, causing more XRP to be used for transaction fees. Institutions and businesses utilizing RLUSD for payments or settlements may interact with the stablecoin, but each operation still requires a nominal amount of XRP to complete the process.

This design means that even if users or corporate participants do not hold or transfer XRP directly, they still contribute to its utility as the network fee paid for each transaction.

Mini dictionary: RLUSD is Ripple’s native US dollar-pegged stablecoin issued specifically on the XRP Ledger. It is designed to facilitate seamless, stable transactions and settlements within the ledger’s ecosystem.

XRP burn mechanism permanently reduces token supplyAn additional element highlighted by Digital Asset Investor is the destruction—or “burning”—of XRP with every transaction processed on the network, including those involving RLUSD. The original 100 billion XRP supply decreases over time, as a small portion of the tokens used for transaction fees is permanently removed from circulation after each operation.

On the XRP Ledger, these transaction fees are not collected or distributed among validators. Instead, the tokens are destroyed, effectively reducing the overall supply. This system was implemented to deter network abuse, such as spam or denial-of-service attacks, by making it costly to conduct high volumes of unnecessary transactions. During times of heightened activity, transaction fees and the rate at which XRP is burned can increase, amplifying the deflationary effect on the overall supply.

With every transaction on the XRP Ledger, a fraction of XRP is burned, gradually decreasing total supply and supporting its position as the primary utility token for the network.

While the amount of XRP destroyed on an individual basis is minimal, steady growth in network participation, tokenization, and RLUSD adoption could, over time, contribute to a measurable reduction in XRP supply and further entrench its key role within the ledger’s ecosystem.

AspectXRP Ledger TransactionsRLUSD TransactionsNative gas token usedXRPXRPAsset transferredXRPRLUSD stablecoinXRP burned per transactionYesYesInfluence on XRP supplyDecreasesDecreasesDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Ripple has recently intensified efforts to expand the XRP Ledger infrastructure, aiming to drive institutional adoption of blockchain technology. As a result, the network has witnessed a significant rise in its holder base.

XRP Ledger’s RWA ecosystem gains tractionLatest data from the real-world asset (RWA) ecosystem indicate that the number of RWA holders on the XRP Ledger climbed by 25.16% over the past month. This rise comes as Ripple, a San Francisco-based fintech company and developer of payment protocols, enhances its commitment to tokenized assets for institutional finance.

Just days ago, Ripple announced new investments in two major firms to further support the XRP Ledger infrastructure. These investments focus on advancing the network’s capability to accommodate greater institutional use cases and foster growth in tokenized assets on-chain.

Ripple’s ongoing expansion within capital markets is closely tied to its strategy of positioning the XRP Ledger as a preferred platform for large-scale finance and RWA tokenization. This approach underscores growth not only in user numbers but also in broader institutional interest.

Besides the uptick in RWA holders, figures reveal that more than 1,000 developers and businesses are actively building on the XRP Ledger. This continued influx is attributed to the network’s focus on enterprise-grade reliability, scalability, and the ability to facilitate cost-efficient transactions.

Mini dictionary: Real-world asset (RWA): Assets that exist outside of the digital world, such as real estate or commodities, represented on a blockchain through tokenization, allowing them to be bought, sold, or transferred more easily.

Recent figures show the number of RWA holders on the XRP Ledger climbed by 25.16% in the past month, reflecting growing institutional interest and Ripple’s push to expand the network’s use cases for tokenized assets.

Mixed progress in XRP Ledger stablecoin marketDespite the acceleration in RWA growth, the stablecoin market on the XRP Ledger showed contrasting results. Market capitalization for stablecoins held on the network dropped 9.04% over the same 30-day period, reaching $901.4 million.

However, the number of stablecoin holders on the XRP Ledger recorded a slight increase in activity. Addresses holding stablecoins grew by 0.92% for the month, rising to over 60,240.

MetricValue (30-day change)RWA holders+25.16%Stablecoin market cap$901.4 million (–9.04%)Stablecoin holders60,240 (+0.92%)The mixed performance within the stablecoin segment suggests a divergence between capital flows and user participation. While capital declined, activity among holders managed to expand modestly.

The number of stablecoin holders on the XRP Ledger surpassed 60,240 addresses, even as overall market capitalization dipped.

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

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

XRP ETF inflows surpass $1.5 billion as investors increasingly explore alternative strategies, including EX DeFi cloud mining, for long-term crypto exposure.

Summary

XRP ETF inflows surpass $1.5B as institutional demand grows and investors explore new digital asset opportunities. XRP ETF milestone boosts market confidence, while EX DeFi attracts attention from investors seeking alternative yield options. Institutional XRP demand accelerates with ETFs crossing $1.5B in inflows amid evolving investment strategies. According to previous forecasts from JPMorgan and Standard Chartered, spot XRP ETFs are expected to attract $4 billion to $8 billion in inflows in the long term.

While current inflows into XRP ETFs have not yet reached the high levels previously predicted by Wall Street, the cumulative net inflows have already reached approximately $1.51 billion, successfully surpassing a significant milestone and further strengthening market confidence in XRP’s long-term prospects.

With ETFs continuing to receive funding support, and XRP prices not yet showing a significant increase, many investors are beginning to consider a practical question: besides waiting for price appreciation, are there more efficient and sustainable ways to participate in XRP’s long-term value growth?

Against this backdrop, a growing number of investors are turning their attention to EX DeFi cloud mining platforms, hoping to explore more diverse long-term returns on digital assets amidst market volatility, rather than solely relying on XRP’s price appreciation.

XRP ETF inflows surpass $1.5 billion, market attention continues to rise According to market data cited by TradingView, driven by continuous net inflows, XRP-related exchange-traded funds (ETFs) have seen cumulative inflows exceeding $1.5 billion, marking a significant milestone for XRP.

Meanwhile, overall market liquidity continues to improve. Although XRP trading activity has slowed somewhat, and many retail investors remain relatively cautious, institutional investor demand has maintained a slight increase, contributing to continued net inflows for most trading days.

ETF inflows continue, XRP investors focus on more diverse participation methods With the continued inflow of ETF funds, more and more XRP investors are focusing on EX DeFi, exploring more robust and sustainable ways to grow the value of digital assets through its automated cloud mining system and yield aggregation mechanism.

Compared to highly volatile leveraged trading or ETF investments, EX DeFi offers a more convenient way to participate in digital assets, helping users engage with the XRP ecosystem even in volatile markets and further improve the efficiency of digital asset utilization to generate returns. For users with a certain amount of capital, different asset management solutions can be chosen according to their needs to explore long-term value growth opportunities.

About EX DeFi Headquartered in the UK, EX DeFi strictly adheres to local laws and regulations and operates under European regulatory frameworks such as MiCA and MiFID II. It continuously strengthens platform governance, security measures, and operational transparency to create a safe, reliable, and sustainable cloud mining service for users.

The platform employs a multi-layered security architecture, including:

PwC annual financial and security compliance audit Lloyd’s of London digital asset custody insurance Cloudflare enterprise-grade cybersecurity protection and McAfee® security system Cold and hot wallets, multi-layered encryption architecture, and two-factor authentication (2FA). Currently, EX DeFi supports multiple mainstream digital assets such as XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL, providing users with more flexible and convenient choices.

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Register a free account on the EX DeFi official website using an email address to receive a $17 trial bonus.

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On the Deposit Center page, select XRP (or other cryptocurrencies), copy the corresponding deposit address on the platform, and then transfer the XRP through a wallet or exchange. (No tags required)

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Choose a mining plan that suits a particular budget; mining will start automatically after system activation.

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The platform provides 24/7 intelligent mining services, with rewards automatically settled to an account 24 hours a day. Users can easily earn passive income without any user intervention.

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Summary While the inflow of funds into the XRP ETF still falls short of Wall Street’s previous expectations, continued institutional inflows, an improving regulatory environment, and the development of the XRP ecosystem continue to provide strong support for its long-term value. In the future, XRP’s market performance will still depend on fund flows, application implementation, and changes in the overall market environment.

Against this backdrop, more and more investors are focusing on long-term allocation and return management of digital assets, rather than just price fluctuations. EX DeFi aims to provide users with more diverse participation methods through smarter and more efficient cloud mining services, meeting the needs of different investors for long-term digital asset value growth.

Instead of chasing price increases, visit the official EX DeFi platform as soon as possible to start mining with one click and easily earn XRP.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

53% increase or a 42% collapse: what comes next for XRP?

Ripple’s cross-border token has plunged by 5% over the past month to the current $1.07.

This is just above the crucial $1.06 zone, which, according to some analysts, can trigger the next decisive breakout.

Bulls vs. Bears Ali Martinez believes that “everything comes down to $1.06 for XRP.” In his view, holding the line could open the door to a rally to $1.35 and even $1.64, whereas losing it might result in a potential slump to as low as $0.62.

X user ChartNerd has also stressed the importance of that level. The analyst noted that XRP found support at $1.06, but claimed there is heavy resistance remaining above the $1.08-$1.23 range and “prior ascending support was lost.”

“$1.16 remains the main roadblock ahead of the EMAs. Downward pressure remains until otherwise,” they added.

Shortly after, ChartNerd touched upon XRP’s bearish outlook amid the challenging times. They suggested that the asset may sweep even below $1 in the near future and that “would not be utterly surprising” given the market structure. At the same time, the analyst described such a potential downtrend as “another golden ticket entry in disguise.”

“The next few months are setting the stage for the next market repricing. Maybe the biggest yet,” they added.

Additional Forecasts EGRAG CRYPTO and JAVON MARKS also gave their two cents. The former opined that XRP has lost the 50 MA and is approaching the 100 EMA, a zone that has historically provided strong long-term support.

The analyst labeled a possible retrace to the $1-$0.95 range as a “healthy macro retest while holding the 100 EMA.” They set $0.80 as “maximum downside” if XRP tumbles to the lower boundary of the long-term channel, but said the targets of $15, $27, and $50+ don’t shrink and rise in time.

You may also like: Important Ripple News and XRP Price Update: August 4th Major XRP Repricing Could Begin in the Next Few Months: Analyst XRP Gains Access to Institutional DeFi Lending Through FXRP on Ethereum As of now, it’s hard to imagine an explosion to even $15 since it will require the token’s market capitalization to skyrocket to nearly $1 trillion. But then again, no one really knows what the future holds.

JAVON MARKS was also bullish, albeit presenting a far more modest prediction than EGRAG CRYPTO. They claimed that XRP has shown a clear breakout of a key resistance trend and the price can respond by jumping beyond $3.50.

Tags:

While the market remains choppy, Ripple is making some major strategic moves.

Interestingly, Ripple’s focus isn’t limited to just one sector. With back-to-back partnerships since the start of August, the company is clearly building the foundation for XRP’s year-end outlook and a possible early 2027 rally. One key development comes from Sentora. 

In a post on X, the institutional DeFi platform announced that FXRP is now live as collateral in Sentora’s RLUSD vault on Morpho. This marks a key step in expanding XRP’s role in DeFi.

Through the Sentora-Flare Networks partnership, XRP holders can now use FXRP as collateral in Sentora’s RLUSD vault on Morpho, taking XRP into Ethereum mainnet DeFi.

Source: X As one analyst explained, XRP holders can now mint FXRP, bridge it to Ethereum, use it as collateral, and borrow RLUSD while maintaining their XRP exposure.

Essentially, holders no longer need to swap their XRP for RLUSD to access liquidity. Instead, they can now put their XRP to work within DeFi.

This ties into another major development from Ripple that could further boost XRP’s on-chain utility. RippleX Head of Product Jazzi Cooper revealed that the upcoming XRPL 3.3.0 upgrade will bring ZK-powered privacy for tokenized assets, with a focus on institutional users.

As tokenization grows, the ability to access liquidity from XRP without selling it could become a major use case for the asset.

In short, Ripple’s latest moves show a clear push to expand XRPL’s DeFi ecosystem, with RLUSD emerging as a key part of the broader strategy.

More importantly, the on-chain data backs this up, suggesting these developments are beginning to build momentum for Ripple’s [XRP] Q3 outlook.

Ripple’s DeFi push aims to bring more liquidity to XRPL The timing of Ripple’s recent moves also lines up with what’s happening on-chain.

From a technical standpoint, XRP has yet to catch up. While Ripple continues to strengthen XRPL’s fundamentals through strategic partnerships, XRP’s price action remains weak.

The token is still trading near a key support level, with Q3 gains sitting at just over 4% so far.

The same trend is visible on-chain. As the chart below shows, XRPL’s stablecoin market cap recently fell by more than 14% in just 24 hours, with RLUSD accounting for nearly 100% of the entire decline. Since then, sentiment has improved.

Ripple recently minted nearly 63 million RLUSD, helping push XRPL’s stablecoin market cap back above $950 million, an 11% recovery that suggests liquidity is starting to return.

Source: DeFiLlama The timing is worth watching. 

The rebound came shortly after Ripple’s back-to-back strategic moves, suggesting the company is actively working to grow liquidity across XRPL. Bringing FXRP into Ethereum DeFi and expanding support for tokenized assets both point to the same goal – increasing on-chain activity. 

If this trend continues, it could become an important catalyst for XRP in Q3. More liquidity could drive more on-chain activity, which may eventually support stronger demand for XRP. 

Final Summary

A recent disclosure from cryptocurrency researcher SMQKE has drawn attention to ECS Fin, a New York-based financial technology firm, for its role in connecting Ripple and its native token, XRP, to major institutional payment networks including SWIFT and the US Federal Reserve.

ECS Fin and major payment railsECS Fin provides payment processing and transaction messaging services to banks and corporations globally. The company is recognized for integrating financial institutions with payment channels such as Fedwire, SWIFT, and ACH, while supporting industry standards like ISO 20022. ECS Fin’s solutions facilitate interbank transactions and real-time payment capabilities.

In October 2025, ECS Fin secured SWIFT Compatible Application status for its IMS Payments platform, illustrating its deep entrenchment in global payments infrastructure. The company’s established relationships with key financial networks position it as a pivotal intermediary for banks moving funds across systems.

Mini dictionary: ECS Fin is a US-based fintech company specializing in banking transaction processing and connectivity for global payments and settlement systems.

Ripple listed as a ready applicationScreenshots shared by SMQKE displayed Ripple as a “Ready Application” on ECS Fin’s platform, along with industry giants like SWIFT, FedACH, Fedwire, FedNow, and Mastercard. This designation signals that ECS Fin’s technology enables institutions to process payments through Ripple’s network on the same basis as established banking channels.

Ripple has been included in ECS Fin’s platform alongside SWIFT and the Federal Reserve, allowing connected banks to utilize Ripple’s technology as they would other major payment networks.

Banks working with ECS Fin can now access Ripple’s XRP-powered payment solutions and route transactions through these channels without direct relationships with Ripple. Although Ripple does not hold a master account with the Federal Reserve, ECS Fin serves as an intermediary, granting indirect access to national payment rails.

With the Federal Reserve’s Fedwire service fully adopting the ISO 20022 messaging standard in July, ECS Fin’s compliance with this protocol further streamlines interoperability between Ripple and institutional counterparts. Ripple’s own framework aligns with ISO 20022, facilitating its integration into established financial ecosystems.

Industry impact of the integrationRipple’s listing on ECS Fin’s platform signifies its elevated standing among global payment networks. Industry data reveals that over 70% of FedNow vendors also have ties to Ripple, either directly or through intermediaries, which broadens the cryptocurrency company’s reach within US instant payments.

In addition, Ripple’s application for a Fed Master account suggests ambitions to offer stablecoin services linked to the Federal Reserve’s rails. As Ripple deepens its relationships with institutions via ECS Fin and similar partners, it continues to strengthen its institutional presence in the payments sector.

PlatformIntegration StatusMajor Networks SupportedECS FinSupports Ripple, SWIFT, FedACH, Fedwire, FedNow, MastercardFedwire, SWIFT, ACH, RippleRippleReady Application on ECS FinAccessible via ECS Fin’s integrations Ripple’s growing institutional access reflects broader trends in the financial industry, as digital asset networks gain compatibility with legacy payment infrastructures through vendors like ECS Fin.

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

Jay Clayton, previously chair of the U.S. Securities and Exchange Commission (SEC), has been officially sworn in as Director of National Intelligence (DNI). White House Special Assistant Margo Martin confirmed the appointment following a 51-47 Senate vote that confirmed Clayton to the position.

Leadership change at US intelligenceClayton succeeds Tulsi Gabbard, taking over as the nation’s chief intelligence official. In his new capacity, he will oversee the extensive U.S. intelligence community at a time of ongoing and emerging global security challenges.

His appointment marks a significant transition from a background in financial regulation to a role at the center of national security and intelligence policy.

During his time at the SEC, Clayton became known for his firm regulatory approach, most notably for authorizing the agency’s high-profile lawsuit against Ripple Labs, its CEO Brad Garlinghouse, and Executive Chairman Chris Larsen. The legal action was filed on December 22, 2020, Clayton’s final day as SEC chairman.

Impact on crypto industryClayton’s last move as SEC chair left a lasting impression on the cryptocurrency world as his tenure became closely associated with the Ripple case. The lawsuit continued under new SEC leadership, with Gary Gensler assuming the chairman role after Clayton’s departure. Ripple later achieved several important legal victories, which affected the SEC’s regulatory framework for crypto assets and enforcement priorities.

After departing from the SEC, Clayton’s relationship with the digital asset sector changed. He soon joined the advisory council of One River Asset Management, a firm known for its focus on Bitcoin and Ethereum investment products.

He later expanded his advisory work by joining the board of Fireblocks, a company specializing in secure crypto infrastructure. At that time, Clayton described Fireblocks as an evolving force in digital assets, emphasizing the importance of clear regulations and robust security for institutional adoption.

Clayton has since maintained a high profile in the blockchain space, expressing optimism about blockchain technology and supporting the creation of well-defined rules for stablecoins, decentralized finance protocols, and Bitcoin exchange-traded offerings.

He also indicated that landmark cryptocurrency legislation in the U.S. could come during the current administration, reflecting growing momentum for regulatory clarity in the sector.

During his advisory work, Clayton highlighted that digital asset custody should maintain regulatory certainty alongside institutional-grade security, positioning trusted platforms as central to the industry’s evolution.

Bridging traditional finance and cryptoAgainst this backdrop of regulatory and technological shifts, a new wave of platforms is emerging to further connect traditional finance with the blockchain ecosystem. Among these, 1stepSwap stands out for allowing investors to directly access real-world assets such as U.S. company shares and commodities like gold and silver using their crypto wallets. By streamlining direct asset transfers onto the blockchain without intermediaries, 1stepSwap enables users to buy and sell leading global stocks with real-time price discovery and instant execution.

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

Italy’s Largest Bank Cuts BlackRock Bitcoin ETF Stake 94%: Rotation to Ethereum?

Ripple President Monica Long has said institutional capital markets are moving onchain at a rapid pace, particularly into the XRP Ledger.

She pointed to Ripple’s latest investments in ZILO and Licuido as part of the company’s strategy to expand tokenized asset infrastructure on the XRP Ledger (XRPL).

In a post on X, Long said the industry has reached a turning point. According to her, financial institutions are no longer just testing blockchain technology. They are now deploying it in live production.

“In the last year, we’ve seen the veritable light switch flip – from bank pilots to production, from issuing tokenized assets like money market funds and liquidity funds to using them!” Long wrote.

She added that institutional capital markets are increasingly moving toward “onchain 24/7” operations. Ripple’s goal, she said, is to provide the full digital asset infrastructure stack that lets institutions manage the entire lifecycle of tokenized assets on the XRP Ledger.

In the last year, we’ve seen the veritable light switch flip – from bank pilots to production, from issuing tokenized assets like money market funds and liquidity funds to using them! Institutional capital markets are moving in one direction — onchain 24/7. At Ripple, our goal… https://t.co/DPhbEBY3Dr

— Monica Long (@MonicaLongSF) August 4, 2026

Ripple Expands Institutional Infrastructure on XRP Ledger Long’s comments came alongside Ripple’s announcement that it has made strategic investments in ZILO, a provider of digital transfer agency technology, and Licuido, a tokenization and digital asset trading platform.

Ripple said the investments add regulated transfer agency, digital issuance, and collateral mobility capabilities to its institutional infrastructure on the XRPL.

The announcement follows the recent tokenization of Aviva Investors’ US Dollar Liquidity Fund on the XRP Ledger. Ripple said this demonstrates that institutions are ready to adopt blockchain-based financial infrastructure.

Its platform combines issuance, custody, collateral management, multi-currency investment capabilities, and atomic settlement. Ripple added that its RLUSD stablecoin serves as the regulated cash leg for delivery-versus-payment transactions.

Ripple Says Tokenization Needs Real Utility Meanwhile, Nigel Khakoo, Ripple’s Senior Vice President of Trading and Markets, said tokenization alone will not transform capital markets.

“The real value lies in what can be done with a token, including buying, selling, and settling trades instantly, or using it as collateral to borrow, lend, or post margin,” Khakoo said.

He said Ripple’s work with Aviva Investors, Franklin Templeton, and DBS highlights institutional demand for tokenized fund structures. Khakoo added that ZILO and Licuido provide the regulated infrastructure needed to scale issuance, transfer agency, and collateral mobility.

ZILO and Licuido Focus on Institutional Liquidity ZILO founder and CEO Phil Goffin said transfer agents and asset managers need infrastructure that supports tokenized share classes without increasing operational risk.

Licuido CEO Brian Lynch said tokenization solves only part of the liquidity challenge. He explained that the company’s platform supports issuance, distribution, and collateral utility in a regulated environment. This allows institutions to put previously idle assets to productive use.

Ripple said the investments support its effort to bring traditional financial assets with real-world utility onto the XRP Ledger.

The company highlighted the XRPL’s fast settlement, predictable transaction costs, low energy consumption, and compliance features as key advantages for institutional asset managers issuing and managing tokenized funds at scale.

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

TLDR XRP trades near $1.06–$1.08, down about 43% for the year, with the 200-day EMA still sloping lower. Analyst Cryptollica says XRP’s monthly momentum is at its weakest level in more than 13 years. Weekly XRP ETF inflows hit $14.86 million, led by Bitwise and Franklin Templeton, according to BankXRP. July’s ETF inflows totaled $27.29 million, a fourth straight positive month but slower than earlier in 2026. The CLARITY Act remains stalled in the Senate, with recess expected around August 7–10. XRP is trading between $1.06 and $1.08 on August 4, 2026. The price is down about 43% so far this year.

The token has spent nine weeks moving between roughly $1.00 and $1.19. That range followed a sharp drop from $1.30 in June.

Crypto analyst Cryptollica posted on X that XRP’s monthly momentum has hit its weakest point in more than 13 years. The analyst said this oversold reading is deeper than corrections seen in 2014, 2018, 2020, and 2022.

Cryptollica pointed out that XRP is now testing a long-term support level that has drawn buyers in the past. Whether that support holds will show if the coin can recover or slide further.

XRP JUST BROKE A 13 YEAR RECORD

HAS NEVER BEEN THIS OVERSOLD. EVER

Not in 2014.
Not in 2018.
Not in 2020.
Not even during the 2022 collapse.

After 13 years of price history, monthly momentum has reached a new all time low while XRP tests its long term rising base.

This is not… pic.twitter.com/aEh9kbmlpc

— Cryptollica (@Cryptollica) August 3, 2026

ETF Inflows Show Mixed Signals Spot XRP ETFs pulled in $14.86 million over the past week, according to a post from BankXRP on X. Bitwise led with $10.15 million, bringing its total to $511 million.

Franklin Templeton added $4.70 million for the week, pushing its running total to $426 million. BankXRP said the inflows show institutions are still buying despite the price drop.

XRP spot ETFs recorded $14.86 million in net inflows last week.

Bitwise led with $10.15 million, bringing cumulative inflows to $511 million. Franklin Templeton's XRPZ followed with $4.70 million, total $426 million. pic.twitter.com/M2I0ekWv3O

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) August 3, 2026

Looking at July as a whole, XRP ETFs took in $27.29 million. That marks four straight months of inflows, but it’s slower than April’s $81.59 million and May’s $131.94 million.

On July 31, XRP ETFs saw $7.69 million in net inflows. Bitwise brought in $7.12 million that day, while Franklin Templeton added $576,520.

By comparison, Bitcoin and Ethereum funds took in roughly $172 million and $365 million in July. XRP’s inflows look small next to those larger tokens even during a positive streak.

Technical Picture Stays Bearish On the daily chart, XRP’s RSI sits at 45.73, a neutral reading. The 4-hour RSI is near 52, also neutral rather than oversold.

XRP trades below its 50-period and 100-period moving averages on the 4-hour chart. Those averages sit near $1.079 and $1.101.

A close above $1.093 could open the door to $1.116 and $1.135 as next targets. The 200-day EMA sits near $1.397, about 31% above current price and still sloping down.

XRP Price on CoinGecko Ripple’s usual escrow release added supply pressure in August. Up to 1 billion XRP can unlock monthly, though Ripple typically returns about 700 million to new escrow contracts.

That leaves roughly 200 million to 300 million new XRP entering circulation each month. About 62.5 billion tokens are in public hands, with 32 billion still locked in escrow.

The CLARITY Act, which would shift XRP oversight from the SEC to the CFTC, remains off the Senate floor schedule. The Senate is expected to enter recess around August 7 to 10, leaving little time for a vote before then.

Senator James Lankford of Oklahoma has stated that the U.S. Senate may need to remain in session beyond its scheduled August recess if lawmakers do not finish critical legislative business this week. Lankford emphasized that key priorities—avoiding a government shutdown, confirming President Donald Trump’s nominees, and passing essential funding bills—must be resolved before senators can return home.

Senate faces extended work period over unfinished tasksSpeaking on Fox News, Lankford noted that while senators look forward to spending time with their constituents, ongoing legislative work may prevent the chamber from taking its usual break. Although he is not campaigning this election cycle, he underscored the importance for colleagues to hear from the people they represent, particularly during the height of campaign season.

He clarified, however, that Congressional responsibility takes precedence. The chamber’s immediate focus is passing a continuing resolution to ensure federal agencies remain funded and to prevent a government shutdown. Lankford described this objective as one of the most urgent items on the Senate calendar.

The senator conveyed that if legislators fail to complete their agenda by the end of the week, sessions will continue until outstanding priorities are addressed.

Trump nominations and funding bills dominate agendaLankford also said the Senate must process more than 70 nominees submitted by President Donald Trump. Confirming these appointees remains a central goal as lawmakers navigate a crowded legislative schedule.

He highlighted the importance of reconciliation measures as an additional priority, explaining that this process is the first step in approving necessary funding for the military, agriculture, and other federal programs. Lankford specifically mentioned the Save America Act as a significant legislative effort that requires immediate attention.

Throughout his remarks, the senator stressed that the current Senate session is confronting multiple high-stakes issues, which significantly limits the flexibility for break or delay.

Potential impact on the CLARITY Act for crypto regulationWhile Lankford did not directly discuss digital asset policy during the interview, the prospect of an elongated Senate session has drawn attention from the cryptocurrency community. The additional time in session could create new opportunities for the chamber to consider the CLARITY Act, a bill aiming to provide a clearer regulatory framework for digital assets in the United States.

The CLARITY Act is currently pending before the Senate after previous discussions and has been closely followed by advocates for enhanced transparency in digital asset markets. An extended legislative calendar before Congress adjourns for the year could potentially improve the bill’s chances of advancing toward a vote.

The possibility of tackling unresolved measures such as the CLARITY Act has been welcomed by some crypto enthusiasts. Among them is Michelle Kirby, a digital asset advocate, who noted on X that if this week’s targets are not achieved, senators may remain in Washington until their work is finished.

Mini dictionary: CLARITY Act, a legislative proposal seeking to establish clearer guidelines and regulatory standards for digital assets in the U.S., has been the focus of significant attention among crypto stakeholders due to its potential to impact the status of cryptocurrencies such as XRP and other blockchain-based assets.

“If we don’t get it done this week, we’ll keep going until we do get it done,” Senator Lankford told viewers, underscoring the determination to complete the Senate’s legislative obligations.

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

XRP price is showing signs of stability despite recent selling pressure, the altcoin remains on track for a potential breakout as long as key resistance levels hold.

After failing to make a decisive move in recent sessions, XRP has entered another consolidation phase. While short-term price action remains muted, several market watchers believe this period of sideways trading could be laying the foundation for the next major rally.

Also Read : How High Will XRP Price Go if the CLARITY Act Passes in 2026?

XRP Price Predictions : Here’s What We Can Expect NextAccording to the analyst, the current sideways movement is a normal part of the market and supports the bullish outlook. However, the next move will depend on how XRP reacts around $1.11.

$XRP
Nothing new on XRP, still expecting the same path to be followed.

This consolidation under $1.11 is good as this is what we wanted as talked about in the last update.

What the chart should take care of is HOW it behaves around $1.11 when it goes there, if there are closes… https://t.co/3SwK4Edyax pic.twitter.com/8sNfQgfRGh

— Umair Orakzai (@Umairorkz) August 4, 2026 If XRP briefly moves above the level but fails to close above it, the current outlook remains unchanged. However, if it closes above $1.11, the analyst believes this setup would no longer be valid.

The analyst also said that strong ETF inflows and buying demand from South Korean investors are helping XRP stay stable despite recent selling pressure.

Multi-Year Falling Wedge Nears Decision PointAnother analyst, @InvestWithD, believes XRP is approaching one of its most important technical setups in years.

According to the analyst’s weekly logarithmic chart, XRP continues to trade inside a multi-year falling wedge, while its long-term ascending trendline remains intact. As price moves closer to the wedge’s apex, the probability of a large directional move increases.

🚨 XRP’S MULTI-YEAR FALLING WEDGE IS NEARING ITS BREAKOUT POINT — $1.50 OR $0.90 NEXT? 🤯📈

The weekly logarithmic chart shows $XRP approaching one of its most important technical decision zones in years. 👀

Price continues to compress inside a multi-year falling wedge, while… https://t.co/BCsMsQ7yPj pic.twitter.com/V6S0vCdE2Q

— Diana (@InvestWithD) August 4, 2026 The analyst pointed to several bullish technical signals:

Multi-year support remains intact.Price is nearing the wedge apex, where major breakouts often occur.Long-term market structure remains constructive.Higher-timeframe price compression is reaching its final stage.Also Read : XRP Rich List Update : How Much XRP Do You Need to Be in the Top 1%?

Why the $1.40-$1.50 Zone MattersThe next major hurdle for XRP is the $1.40-$1.50 resistance range.

According to @InvestWithD, a confirmed weekly close above this zone could trigger a broader bullish expansion with potential upside targets at:

$2.00 – Measured breakout target.$2.30 – Major historical resistance.$3.66 – Previous all-time high.$4.90 – Long-term logarithmic projection.However, the analyst cautioned that losing the $0.88-$0.90 support zone would weaken the current bullish structure and increase the likelihood of a longer consolidation period before another recovery attempt.

Also Read : XRP Rich List Update: Top 10% of Wallets Now Hold 2,151 XRP as Network Crosses 8 Million Addresses

Ripple (XRP) Price Could Stay Range-Bound Until SeptemberAs per analyst Altcoin Doctor, XRP may remain trapped in a broad $1.00-$1.50 trading range for the next few months before making its next significant move.

He argued that XRP is following a familiar pattern seen in previous market cycles, where the asset spent several months consolidating before breaking out to new cycle highs.

During 2023 and early 2024, XRP experienced extended periods of sideways trading before gaining momentum. Based on that historical behavior, the analyst expects the current low-volatility phase to continue through late September, with a potential breakout emerging in September or October if market conditions improve.

He described the current structure as an accumulation phase rather than the beginning of a new downtrend, while emphasizing that historical patterns do not guarantee future performance

Story Ends Here

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Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.

XRP Ledger activity gains momentumLarge volume holders on the XRP Ledger (XRPL) are showing interest in the token, as evidenced by the number of wallets with between 100 million and 1 billion XRP, which sharply increased to account for 11.98% of the total supply on Tuesday, up from 10.66% last Saturday. If whales keep increasing their risk exposure, higher demand will absorb the selling pressure, allowing for a sustained recovery.

XRP Supply Distribution | Source: SantimentThe number of active users on the XRPL is also expanding. According to Santiment, active addresses interacting with the protocol by either sending or receiving stood at nearly 17,000 on Tuesday, after tagging approximately 37,000 the day before. Looking back, active participation had dropped to 20,000 on July 20, underscoring growing interest in XRP as the price nears the $1.00 critical support level.

XRP Active Addresses | Source: SantimentTechnical Analysis: XRP sellers retain control XRP trades at $1.07, keeping a bearish near-term bias as it remains below the 50-day Exponential Moving Average (EMA) at $1.12 and the Bollinger middle band at $1.09. The 100-day EMA at $1.20 and the 200-day EMA at $1.39 stay well above price, reinforcing a broader downside skew.

The Moving Average Convergence Divergence (MACD) indicator holds marginally below the zero line on the daily chart, and the Relative Strength Index (RSI) at 45 suggests subdued, slightly negative momentum rather than an oversold condition.

XRP/USDT daily chartOn the topside, initial resistance emerges at the Bollinger middle band near $1.09, followed by the 50-day EMA at $1.12 and the Bollinger upper band at $1.14, with higher hurdles at the 100-day EMA at $1.20 and the 200-day EMA at $1.39. On the downside, the first notable support is aligned with the Bollinger lower band around $1.05, where a break would open the door to further weakness in the pair.

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

Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.

Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.

Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.

Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.