Seoul police have arrested three suspects behind a fake XRP staking platform that defrauded 71 investors of roughly 3.4 million XRP, worth approximately 12.3 billion won ($19 million), by promising guaranteed monthly returns on virtual asset deposits.
The Seoul Metropolitan Police Agency’s cyber investigation unit said Thursday it arrested the suspects on charges of fraud under the Specific Economic Crimes Aggravated Punishment Act, the Criminal Act, and the Similar Reception Act, with two of the three taken into custody. Police believe the full scale of the fraud could reach 27.3 billion won and are investigating the possibility of additional victims.
A Fake Site Built Around a Real Network
According to police, the suspects launched a fraudulent investment site called “FXRP Network” in October last year, falsely claiming that staking XRP through a newly released “FXRP” token would generate monthly returns of 1.5% to 1.8%. The scheme borrowed credibility from Flare Network, a blockchain project that genuinely exists, and FXRP, an actual XRP-linked asset issued by that network.
Investigators said the suspects timed their scam to coincide with FXRP’s official launch, creating a convincing but entirely fake staking service. The promised returns were higher than those offered by legitimate staking products. The site disappeared less than a month after it launched.
Promotion Across Multiple Platforms
Police said the group used Naver Blog, Naver Knowledge iN, Tistory, online articles, Wikipedia, and YouTube to promote the scheme. A Wikipedia entry falsely claimed that FXRP staking could only be done through the overseas exchange Binance, while YouTube channels using names resembling “Upbit Developer” and “Ripple (XRP)” featured actors reciting scripted remittance instructions to victims.
Overseas Exchanges Used to Bypass the Travel Rule
Victims were instructed to move their XRP from domestic exchanges to designated wallets via overseas exchanges, a method police say was designed to circumvent South Korea’s Travel Rule, which requires verification of sender and recipient information for virtual asset transfers exceeding 1 million won. Once received, the stolen assets were sold to over-the-counter traders and converted into Korean won.
Police launched their investigation after receiving intelligence from overseas exchanges flagging a wave of new “FXRP Staking” fraud cases in a short period. Using blockchain tracking techniques, investigators traced the movement of the stolen funds and froze approximately 17.3 billion won in virtual assets across multiple overseas exchanges within three days of receiving the intelligence.
Authorities have issued an Interpol Red Notice and arrest warrant for the alleged ringleader, who remains abroad, and are continuing to investigate accomplices involved in building and promoting the fraudulent site. The three identified suspects are reportedly friends.
Story Ends Here
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A fraudulent website impersonating Flare Network drained 3.4 million $XRP from 71 investors in South Korea in just eight days last October, the Seoul Metropolitan Police Agency confirmed on July 30. At the time of the theft, the stolen tokens were worth approximately $8.5 million, though investigators say the full scale of the operation may be far larger.
How the scam worked According to the Seoul Metropolitan Police Agency's Cyber Investigation Unit, the suspects created a fake website called Fxrpntwork.com between October 16 and October 23, 2025. The group launched the fake website just after the FXRP token launch, exploiting the genuine project's name and early momentum to lend it credibility. Police records show the operators promised guaranteed principal and monthly returns of 1.5% to 1.8%.
To make the scheme look real, the group flooded the internet with fake promotional content across Naver blogs, Tistory, Wikipedia pages, online news articles, and YouTube videos, some featuring paid actors pretending to review the platform. Investors were instructed to withdraw XRP from South Korean exchanges, move funds through overseas trading platforms, and deposit them into wallets controlled by the group. This method helped avoid South Korea's strict monitoring systems for large crypto transfers. Once the funds had accumulated, the site went offline on October 23 and the operators disappeared.
Investigation and arrests The investigation began after an overseas cryptocurrency exchange reported suspicious XRP movements to South Korean authorities. Investigators traced 27.3 billion won ($18.8 million) through wallets linked to the group and immediately froze 17.3 billion won of those assets on overseas exchanges. Another roughly 10 billion won moved during the probe and remains unaccounted for, which could indicate additional victims beyond the 71 identified.
Two men were detained on aggravated fraud charges and a third accomplice remains at large at an unknown overseas location. Seoul police obtained an arrest warrant and requested an Interpol Red Notice for the fugitive. Authorities are also pursuing a broader cleanup of crypto-related crime in the country. "We will strictly respond to cyber frauds involving cryptocurrency under a zero-tolerance policy," a Seoul police official said, urging investors to verify any investment claims before depositing funds.
Sources:
Benzinga: XRP Scam in South Korea Defrauds Investors of $19 Million
CoinCodex: Fake Flare Network Site Drains $8.5M Worth of XRP
GNCrypto News: Fake Flare Staking Site Stole $8.5M in XRP, Seoul Police Say
XRP price rebounded toward $1.10 on July 30 as fresh ETF inflows and Aviva Investors’ move onto the XRP Ledger supported demand, although the charts show that sellers remain active near current levels.
Summary
XRP price rose 1.68% to $1.0917 on the daily chart after touching an intraday high of $1.0950. XRP ETFs recorded $584,000 in net inflows on July 29, ending a 4-day pause. The 4-hour chart places XRP at the $1.0908 Fibonacci resistance, with cash flow still negative. Liquidation clusters near $1.10 and $1.065 could shape the token’s next short-term move. XRP price rebounds but stays below daily resistance According to data from crypto.news, XRP (XRP) price traded at $1.0917 at press time, gaining 1.68% after moving between $1.0685 and $1.0950. The rebound followed a decline that briefly pushed the token toward $1.045 earlier in the week.
Despite the recovery, XRP has not confirmed a broader bullish reversal. Its price remains slightly below the daily chart’s Bollinger Bands’ 20-day middle line at $1.0975, which now acts as immediate resistance.
XRP price daily chart — July 30 | Source: crypto.news A daily close above that level would place XRP back in the upper half of the Bollinger range. The next visible target would be the upper band at $1.1395, representing a potential gain of about 4.4% from the current price.
Momentum is still neutral. The daily relative strength index stands at 47.58, marginally below its signal line at 47.76 and under the neutral reading of 50.
That setup shows that buying pressure has improved from late-June levels, but bulls have not regained firm control. XRP has also traded sideways since early July after its sharp fall from above $1.40 in May.
ETF inflows return as Aviva adopts XRP Ledger The recovery coincided with $584,000 in net inflows into XRP exchange-traded funds on July 29, according to SoSoValue. It marked their first positive daily flow since July 25.
The funds have remained net positive on a weekly basis for three consecutive weeks. However, the latest daily total remains small compared with XRP’s reported $1.26 billion in spot trading volume.
Institutional interest also received support from Aviva Investors, a UK asset manager overseeing about $350 billion. The company plans to offer a tokenized share class of its USD Liquidity Fund on the XRP Ledger to eligible investors with crypto wallets.
Aviva’s move gives XRPL a large traditional-finance use case beyond payments and cryptocurrency trading. It follows the network’s implementation of the fixCleanup3_2_0 amendment on July 29.
For US investors, the return of ETF inflows provides a regulated way to measure demand for XRP exposure. However, uncertainty surrounding the CLARITY Act remains a risk because further delays could keep regulatory concerns in focus.
Four-hour XRP chart shows sellers near $1.09 The 4-hour chart places XRP directly against the 0.618 Fibonacci retracement level at $1.0908. This level is calculated from the decline between $1.1644 and $1.0453.
XRP price 4-hour chart — July 30 | Source: crypto.news XRP briefly traded above the retracement level but had not secured a convincing 4-hour close beyond it. The Supertrend indicator also remained bearish, with its resistance line near $1.0912.
A confirmed break above this area would shift attention toward the 0.5 Fibonacci level at $1.1048. Higher targets sit at $1.1189, $1.1363 and the July swing high of $1.1644.
Money flow does not yet support a strong breakout. The 4-hour Chaikin Money Flow reading stands at minus 0.15, showing that capital continues to leave XRP despite the price recovery.
The negative CMF creates a divergence between rising prices and weak underlying demand. Unless the indicator moves above zero, a breakout beyond $1.10 may struggle to hold.
On the downside, $1.0708 is the first Fibonacci support. The 4-hour Supertrend support sits at $1.0507, close to the recent swing low and the daily lower Bollinger Band at $1.0556.
Liquidation heatmap identifies the next XRP targets CoinGlass’ three-day liquidation heatmap shows a dense concentration of leveraged positions immediately above XRP’s price. The strongest nearby liquidity rests around $1.098 to $1.10, aligning with the technical resistance identified on both price charts.
XRP liquidation heatmap | Source: CoinGlass Markets often move toward large liquidation pools because forced position closures can add momentum. A break through $1.10 could therefore trigger short liquidations and push XRP toward the next liquidity band near $1.11.
A larger concentration is also visible just below $1.07, around $1.065. If XRP is rejected near $1.10, that lower pool could draw the price back toward the $1.0708 Fibonacci support.
Further downside liquidity appears between $1.04 and $1.05. A loss of $1.065 would therefore expose the recent low at $1.0453 and weaken the current recovery structure.
XRP’s immediate direction now depends on whether ETF-led demand can overcome the bearish Supertrend and negative money flow. A sustained close above $1.10 would strengthen the case for $1.1189 and $1.1395, while rejection could return the token to the $1.065–$1.071 support zone.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP is experiencing a significant supply squeeze, with investors across the spectrum accumulating the asset at an accelerating pace. Recent on-chain data shows Binance recorded the highest-ever number of XRP withdrawals, while spot XRP exchange-traded funds (ETFs) in the United States have absorbed $1.5 billion in net inflows since their launch last November.
Record exchange withdrawals across investor segmentsBlockchain researcher BankXRP, referencing figures from CryptoQuant, reported that XRP outflows from Binance reached unprecedented levels. Notably, these withdrawals are occurring across a diverse range of wallet sizes, extending from retail holders with smaller balances to large investors managing multi-million dollar positions.
This broad-based outflow signals growing confidence in XRP’s prospects among both small-scale and major investors, even as the token trades below its 2025 peak. Typically, sustained movement of digital assets away from exchanges is interpreted as a bullish sign, reducing the pool of tokens available for immediate sale and hinting at longer-term accumulation strategies.
As exchange reserves drop, analysts state that liquidity tightens, which could intensify price action if further demand emerges. Exchange outflows may serve as a precursor to greater market volatility should the buying trend continue.
Withdrawals have accelerated across nearly every wallet tier, from holders with less than 1,000 XRP to high-net-worth investors moving millions of dollars’ worth of tokens. Such broad participation suggests confidence in XRP’s long-term outlook is strengthening across the market, even as the asset remains below its 2025 peak.
ETFs and regulated platforms fuel institutional accumulationInstitutional activity has also reinforced the tightening market conditions. Data shared by Evernorth, drawing from SoSoValue, put net inflows into US spot XRP ETFs at approximately $1.5 billion by July 28, 2026. While redemptions occur periodically, outflows have been relatively minor. For instance, the largest weekly outflow so far this year was just $7 million—highlighting persistent long-term interest from institutional investors.
Recent ETF filings confirm this pattern as Franklin Templeton’s clients increased their XRP holdings by $5.66 million, suggesting that institutional participants are taking advantage of price consolidations to further build their exposure rather than exit positions.
Global adoption of XRP continues to expand as well, with Hong Kong granting regulatory approval to its first retail trading platform for XRP. This expansion not only boosts access for investors in Asia but also aligns with ongoing efforts to establish the region as a major digital asset hub.
Rising options for direct asset accessIn tandem with these trends, market participants have begun to seek more efficient methods to diversify and manage their crypto portfolios. Integrated platforms such as 1stepSwap now enable users to seamlessly connect traditional finance with the blockchain ecosystem. With 1stepSwap, investors can bring real-world assets like shares of major US companies or commodities such as gold and silver directly into their wallets, bypassing complex processes and intermediaries. The platform’s unique advantage lies in automatically sourcing the best price across the market for every trade, allowing users to swiftly and efficiently allocate their capital while accessing a broader range of assets.
Tightening market and future outlookThe combination of record withdrawals from exchanges, steady ETF accumulation, and the expansion of regulated trading options has created a much tighter XRP supply landscape. With options to directly access and manage both crypto and traditional assets growing, the market structure for XRP is evolving toward greater sophistication and diversity.
Analysts are closely monitoring these dynamics, suggesting that if the supply constraints continue while demand increases, XRP could be positioned for a sustained period of long-term accumulation. The strengthening conviction among both retail and institutional investors points to a new chapter for the token, centered on reduced liquidity and rising market participation.
With record exchange withdrawals reducing liquid supply, ETFs steadily absorbing available XRP, and regulated access expanding worldwide, the market is increasingly setting up for a tighter supply-demand balance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP is currently trading near $1.07 in late July 2026 as investors watch the legislative progress of the CLARITY Act, which could come up for a vote before the Senate recess ending August 8. The bill, if passed, has the potential to resolve regulatory uncertainty for XRP and influence its price trajectory in the months ahead.
Grok’s projections and analyst targetsGrok, an artificial intelligence assistant developed by Elon Musk’s company xAI, analyzed possible price scenarios for XRP based on the outcome of the CLARITY Act. According to Grok, if the bill is enacted by December 2026 under moderately positive market conditions, XRP could trade in a range between $2 and $4. This scenario assumes regulatory risks ease, allowing for renewed institutional investment and a supportive macroeconomic backdrop.
Standard Chartered, a leading global bank headquartered in London that provides comprehensive financial services, has also revised its 2026 XRP price target. The bank now projects XRP at $2.80 by year-end, a significant reduction from its previous $8 estimate. The target is in line with Grok’s baseline scenario, reflecting expectations of regulatory clarity without extraordinary bullish factors.
Regulatory clarity, according to Grok and Standard Chartered’s analysts, could restore institutional interest and drive capital inflows, but price outcomes ultimately depend on actual investor participation rather than regulatory changes alone.
Legal impact of the CLARITY ActThe CLARITY Act would formally designate XRP as a commodity and place its spot trading under the oversight of the Commodity Futures Trading Commission (CFTC). This shift would permanently resolve XRP’s non-security status, building on past court decisions and SEC-CFTC guidance that have treated the asset as a commodity.
Analysts state that this legal certainty would remove a major barrier for products such as ETFs, as well as for banking and payment integrations involving XRP. However, Grok advises that while clarity can act as a catalyst, significant price appreciation would still require visible increases in capital flows and adoption.
Mini dictionary: CLARITY Act, proposed US legislation seeking to classify certain digital assets, including XRP, as commodities and provide a clear regulatory framework by assigning oversight to the CFTC.
Optimistic versus cautious scenariosIn a more optimistic scenario, where regulatory clarity from the CLARITY Act leads to a surge in institutional inflows and broad adoption in payments and banking sectors, Grok places the possibility of XRP rising to higher single digits and potentially up to $9 by year-end. This would require strong exchange-traded fund (ETF) activity and favorable macroeconomic dynamics.
Despite this, Grok emphasizes that such high price levels are not its base case, as previous models have explored extreme valuations, but those are considered outliers, not central forecasts.
ScenarioXRP Price Target (Dec 2026)Base case (Bill passes, normal inflows)$2 – $4Standard Chartered target$2.80Bull case (Strong institutional demand)Up to $9No passage (Stagnant market)Near or below $1.07If the CLARITY Act fails to advance or faces significant delays, analysts expect XRP to move with broader crypto market sentiment, making major rallies unlikely and leaving the token trading around current levels or lower. Regulatory clarity is a key catalyst, but not the sole driver for demand.
Status of the CLARITY Act in the SenateA revised draft of the CLARITY Act, including ethics provisions, was published on July 22 and placed on the Senate legislative calendar. However, the Senate postponed debate as lawmakers prioritized a Russia sanctions proposal from Senator Lindsey Graham and pending federal nominations. This development decreased the likelihood of a vote before the August recess.
Senate Majority Leader John Thune has indicated interest in opening floor debate before the break, and the bill currently has 51 confirmed votes. Reports indicate that another 7 to 10 Democratic senators may support the measure, suggesting it remains the top regulatory priority for the XRP market.
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-backed ETFs have just crossed a historic milestone in capital inflows, confirming the growing appetite of institutional investors for Ripple’s crypto. This record comes despite a market where retail investors remain cautious, held back by persistent volatility and a lack of price direction. While the market hesitates, institutional players continue to accumulate through regulated financial products, making XRP one of the most striking symbols of this dynamic.
In brief XRP spot ETFs crossed a major cumulative net inflow threshold on July 29, 2026. Despite a cautious crypto market, funds have accumulated $988.7 million in net assets. In the latest session, the entire net injection ($584,710) was captured by its sole fund, XRPZ. The XRPZ fund now manages $254.35 million in assets and has absorbed 542,900 XRP tokens. The symbolic milestone of $1.5 billion in cumulative inflows crossed by XRP ETFs The XRP spot ETF market passed a major historic milestone at the close of trading on Wednesday, July 29. According to data published by the analysis platform SosoValue, XRP-backed exchange-traded funds reached a decisive level thanks to remarkable subscription consistency :
$1.5 billion : the total amount of cumulative net inflows now reached by all XRP spot ETFs ; $584,710 : the volume of net inflows recorded during the very last trading session ; $988.7 million : the total net asset value under management gathered by these financial products, nearing the billion-dollar mark; $10.35 million : the daily trading volume generated, reflecting sustained transaction activity. This threshold crossing is accompanied by a notable improvement in the sector’s overall balance sheet metrics. Despite a slowdown in secondary market activities and weak overall sentiment among retail investors, demand from institutional players remained steady, allowing funds to show positive net subscriptions on most trading days. These figures reflect maintained liquidity and ongoing commitment from fund allocators who favor regulated platforms to gain direct exposure to the asset without managing private keys themselves.
Franklin Templeton’s supremacy and investment polarization A detailed look at incoming flows reveals a nuanced reality. During the latest recorded trading session, the entire daily injection of $584,710 was captured by a single financial product. This is the XRPZ fund, issued and managed by asset management company Franklin Templeton. No other competing ETF recorded positive net subscriptions on that trading day, highlighting a preference among allocators for vehicles linked to leading traditional financial institutions.
This selective attractiveness consolidates Franklin Templeton’s dominant position in this market segment. To date, the XRPZ fund alone manages $254.35 million in assets under management. To build the underlying asset reserve required for the product’s operation, approximately 542,900 XRP tokens have been absorbed by the investment vehicle since its launch. This polarization around a single issuer shows that the maturity of the crypto ETF market requires deep anchoring with traditional finance giants capable of reassuring institutional investors amid prevailing uncertainties.
The impact of institutionalization on liquidity and the XRP market structure Alongside observed flow movements, the rise of these regulated products progressively redefines the supply dynamics of tokens in the markets. The continuous absorption of XRP by passive management structures limits the amount of assets immediately available for sale on centralized exchange platforms.
While this phenomenon hasn’t led to an immediate price increase due to low retail volumes, it creates a locked liquidity issue. The persistence of regular purchases, coupled with a restricted available supply, is a fundamental factor that can mitigate the severity of market corrections in times of uncertainty.
In the longer term, the impending approach of the billion-dollar asset under management threshold combined with the predominance of major Wall Street managers could mark a turning point for the asset’s credibility. The observed gap between retail reticence and methodical accumulation by institutional investors indicates a structural transition phase.
However, nuance is necessary since the concentration of flows on a very limited number of issuers raises questions about offer diversity and the sector’s reliance on a few key players. XRP’s ability to transform these capital inflows into real growth momentum will depend on the gradual reactivation of the overall spot market.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
TLDR: The XRP staking scam allegedly took 3.4 million XRP from 71 investors, while police estimate total losses could ultimately approach $19 million. Investigators say the fraudulent FXRP Network site promised monthly returns of 1.5% to 1.8% while misusing a legitimate asset name. Seoul police froze about 17.3 billion won in virtual assets within three days after overseas exchanges flagged a cluster of complaints. Two suspects are detained, another was arrested, and authorities requested an Interpol Red Notice for the alleged overseas ringleader. Seoul police arrested three suspects in an XRP staking scam. It targeted 71 investors through a fraudulent online platform. Investigators say victims transferred 3.4 million XRP, valued near 12.3 billion won when the theft occurred during the scheme. That amount equals roughly $8.5 million, while potential losses may reach 27.3 billion won, or almost $19 million.
Two suspects were detained, while another was arrested without detention. Authorities are also pursuing an alleged ringleader believed to be overseas. Police warned investors against guaranteed returns and unverified services. These schemes often use legitimate blockchain project names to gain retail trust in Korea.
How the XRP Staking Scam Exploited a Real Asset Name The suspects allegedly opened the FXRP Network website on October 16, 2025. It operated for only one week before disappearing on October 23.
The service claimed users could earn monthly returns between 1.5% and 1.8%. Promoters said deposits would support staking through FXRP, a genuine XRP-linked asset connected to Flare Network. Police said the website had no legitimate relationship with either project. That distinction was not disclosed to victims before they approved transfers through the promoted online service.
Investigators believe the group timed the XRP staking scam around growing public attention toward FXRP. That timing helped the XRP staking scam appear connected to a real product launch. The promised returns also exceeded rates commonly available through legitimate digital asset services.
Promotion spread across Naver Blog, Naver Knowledge iN, Tistory, Wikipedia, online articles, and YouTube. Some posts falsely stated that FXRP staking required transfers through Binance. Other videos used channel names resembling Upbit Developer and Ripple XRP.
Actors reportedly followed prepared scripts that directed victims through each transfer. This approach gave the instructions a professional appearance and reduced suspicion during the payment process.
Victims first moved XRP from domestic exchanges to overseas platforms. They then sent funds into wallets controlled by the suspects. Police believe this structure was designed to avoid South Korea’s Travel Rule checks.
Those rules require sender and recipient verification for virtual asset transfers above one million won. After receiving the XRP, the group allegedly sold it through over-the-counter traders. The proceeds were then converted into Korean won.
Police Trace XRP Staking Scam Funds Across Exchanges Overseas exchanges alerted Seoul police after several FXRP staking complaints appeared within a short period. Investigators then used blockchain records to follow transfers across wallets and trading platforms.
Within three days of receiving the intelligence, authorities froze about 17.3 billion won in virtual assets. The frozen amount exceeded losses confirmed from the 71 victims. Police are examining whether assets include proceeds from additional cases.
Three suspects have been arrested under laws covering aggravated economic crimes, fraud, and unauthorized deposit-taking activities. Two were detained. Investigators described the suspects as friends who divided responsibilities across the operation.
Authorities have also secured an arrest warrant for the suspected ringleader. An Interpol Red Notice was requested after investigators determined that he was staying abroad. Police continue to review the roles of people who built, advertised, or managed the fake staking platform.
The XRP staking scam also highlights the risks surrounding yield products that borrow names from established blockchain networks. FXRP is a real asset associated with Flare, but the XRP staking scam was not an official service.
Police urged users to verify platform domains, ownership details, and project announcements before transferring tokens. Guaranteed monthly returns should receive added scrutiny, especially when deposits require several exchange transfers.
XRP traded near $1.09 on July 30, rising about 1.7% during the day. Immediate support stood near $1.0744, while the 20-day exponential moving average near $1.0963 marked the first resistance level. The investigation has not linked Ripple, XRP, Flare Network, or legitimate FXRP services to the alleged fraud.
Senator Cynthia Lummis continues to push for progress on the CLARITY Act, a comprehensive digital asset regulation bill, expressing growing frustration at the lack of movement in the U.S. Senate. Lummis, who has represented Wyoming since 2020, has focused her tenure on solidifying regulatory frameworks for digital assets to ensure companies remain both in her state and across the country.
Major hurdles for digital asset regulationCynthia Lummis and Senator Kirsten Gillibrand introduced the initial version of the Responsible Financial Innovation Act in June 2022, aiming to distribute regulatory responsibility between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill also introduced provisions for stablecoins and totaled 168 pages at introduction. Instead of establishing a new government agency, the bill adapted existing frameworks to cover digital assets.
By 2023, lawmakers expanded the bill to 274 pages, addressing issues such as crypto mixers, tumblers, ATM regulation, simplified customer agreements, and stricter oversight of crypto advertising. The legislative package eventually evolved into the CLARITY Act, reaching 616 pages and aiming to encourage industry growth on American soil, safeguard consumers, and limit illicit finance.
Senator Cynthia Lummis positioned the act as a way to “grow on American terms,” arguing that clear rules can protect U.S. leadership and security in the global digital asset market.
Intense partisan debateAfter nearly a year of negotiations, Lummis has signaled exasperation with continued opposition from Democratic senators. She emphasized the bill’s extensive compromises and called for action:
After nearly 11 months of giving almost everything asked of us, I genuinely don’t know what else my Democrat colleagues need before we act.
The CLARITY Act advanced out of the Senate Banking Committee in May with bipartisan backing, earning a 15-9 vote. In order to pass on the Senate floor, the measure requires at least 60 votes, including support from at least nine Democrats. Although some Democratic senators have indicated a willingness to back the act, those votes have yet to appear.
Democrats push ethics and consumer protectionIn the lead-up to the committee vote, Senator Elizabeth Warren filed over 40 amendments, reflecting broader Democratic reservations. In total, committee members submitted more than 100 amendments, and American Bankers Association members sent over 8,000 letters urging caution on the legislation. One key Warren proposal would prohibit the Federal Reserve from granting master accounts to companies operating in the crypto sector.
Democratic committee members have unanimously supported an amendment to give the Treasury Department authority to sanction decentralized finance (DeFi) providers, an effort Republicans entirely opposed.
Mini dictionary: DeFi (Decentralized Finance) refers to blockchain-based financial services that do not rely on traditional centralized intermediaries, allowing users to interact directly in lending, borrowing, and trading activities.
Warren and her allies have also demanded robust ethics requirements to address concerns from recent controversies over officials’ potential financial interests in cryptocurrencies. In response, Republican senators released an updated ethics section in late July targeting those concerns, with particular focus on matters related to Trump’s meme coins and the company World Liberty Financial. Despite these efforts, support from many Democrats remains uncertain.
Senate vote deadline approachesSenate Majority Leader John Thune has committed to bringing the CLARITY Act to a floor vote before the August 8 recess. Should lawmakers fail to pass the act, the U.S. will continue operating without clear federal rules for digital assets, leaving gaps in consumer protection and official conduct standards. With the congressional window for action closing, both industry participants and consumer advocates are watching developments closely.
The window for responsible digital asset regulation is narrowing, and the absence of federal clarity leaves both consumers and industry at risk.
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 scam targeted XRP holders through a fake investment platform that disappeared after collecting millions of dollars worth of digital assets.
South Korean authorities have uncovered a cryptocurrency fraud case that exploited interest in a newly launched blockchain token. The operation targeted XRP holders through a fake investment platform that disappeared after collecting millions of dollars in digital assets.
Authorities launched their investigation after an overseas cryptocurrency exchange flagged suspicious transactions. Within three days of receiving the alert, investigators traced the activity and froze digital wallets holding most of the stolen assets.
How the Scam Worked According to the probe, the fraudulent website appeared shortly after the Flare Network introduced its FXRP token in October 2025. The platform promised monthly returns of 1.5% to 1.8% while claiming users’ original deposits would remain protected.
The investigation found that the group created convincing online material to support the fake project and make it appear legitimate. False reference pages, blog posts, online articles, and promotional videos were published to strengthen trust among potential victims.
The probe also revealed that victims were instructed to move their XRP through overseas exchanges before sending funds to designated wallet addresses. This process made the transfers appear more credible while helping the organizers distance themselves from the stolen assets.
Ultimately, the website operated for slightly more than one week before shutting down without warning after attracting deposits. During that period, seventy-one victims transferred about 3.4 million XRP worth roughly $8.6 million (12.3 billion won) into wallets controlled by the suspects.
Where the Stolen Funds Went Blockchain tracing later showed that the suspects’ wallets handled digital assets worth approximately $19 million (27.3 billion won) during the operation. Officials froze about $12.1 million (17.3 billion won) on foreign exchanges, while the remaining funds have not been recovered.
You may also like: Ripple’s XRP Could Hit $100T if Institutions Use It as Collateral: Analyst Flare Simplifies DeFi for XRP Holders With Smart Accounts Upgrade Ripple (XRP) News and Price Update: July 27 The confirmed losses averaged around $121,000 (173 million won) per victim, although the amounts varied significantly. Police said at least one victim reported losing more than one billion won through the fraudulent platform.
The financial investigation eventually led to several arrests in South Korea. Three men in their late twenties and thirties were taken into custody in South Korea during the investigation. Two suspected organizers face aggravated fraud charges, while another suspect remains overseas under an international alert.
The latest crypto regulation news is forcing investors to distinguish liquid assets from smaller tokens struggling for capital. Enforcement actions, payment-access disputes, prediction-market cases, and delayed US legislation are shaping July activity.
ETH, XRP, HYPE, and MemeToro offer different responses: institutional scale, payment utility, decentralized trading revenue, and open-source presale development.
Ethereum Benefits From Institutional Products And Accumulation Morgan Stanley’s new Ethereum Trust gives traditional investors regulated ETH exposure with planned staking rewards. The product arrived while corporate treasuries continued removing Ether from the open market.
BitMine reportedly holds about 5.7 million ETH, equal to roughly 4.7% of circulating supply. SharpLink also purchased 39,196 ETH over three days for approximately $62.4 million.
The August base case places ETH around $1,900 to $2,100, with a bullish path above $2,500.
The latest crypto regulation news matters because regulated trusts and clearer staking treatment could expand demand. ETH still faces support risk between $1,527 and $1,700.
XRP’s Payment Narrative Depends On Clearer Rules XRP traded around $1.10 to $1.15 during early July snapshots. Forecasts place its mid-cycle target between $2 and $2.50, with a bullish scenario of $3 to $4.
Institutional adoption and payment-network growth support that outlook. Regulatory clarity remains central because XRP’s long history of US enforcement disputes has shaped exchange availability and investor confidence.
The latest crypto regulation news could reduce part of that uncertainty if lawmakers clarify digital-asset classifications.
XRP offers greater liquidity than smaller payment tokens, giving it an advantage when capital becomes selective.
Hyperliquid Struggles Below $55 Price Level HYPE traded around $73 to $76 in one June analysis, with support near $70 to $68 and resistance between $76 and $74.
HIP-3 adoption and USDH margin integration support an average 2026 forecast near $56.92. A move above $64 could open a route toward $70 to $76, while a successful HIP-4 prediction-market rollout may strengthen the bullish case.
HYPE still faces monthly unlocks of about 1.2 million tokens for team members and early backers. Organic demand and buybacks must absorb that supply.
Prediction-market regulation makes the latest crypto regulation news directly relevant to Hyperliquid’s future products.
MemeToro Uses Public Development To Address Buyer Concerns MemeToro is smaller and less liquid than ETH, XRP, or HYPE. Its July momentum comes from development entering the public stage.
Coinsult is building the platform architecture, smart contracts, ERC-8004 integration, and launch-manifest system. The contracts remain unfinished and unaudited.
MemeToro’s reader-focused benefits include:
Public GitHub development Hourly AI launch proposals Fixed-rate funding Wallet contribution limits Automatic liquidity creation Verifiable token distribution These features could help users assess launches more clearly, particularly as the latest crypto regulation news increases demand for transparency.
Smaller Tokens Face A Liquidity Disadvantage Regulatory uncertainty tends to concentrate capital in assets with deeper markets, established custody, and clearer products.
ETH benefits from institutional trusts and corporate holdings. XRP retains a recognized payment narrative, while HYPE generates decentralized trading activity.
MemeToro has raised $87,351.66 during Stage 5, which is 71.02% filled. $MT costs $0.00285, compared with the planned $0.01875 launch price.
The scheduled difference cannot overcome weak liquidity if development or adoption fails. MemeToro must complete its testnet contracts and security review before its open-source design becomes an operating advantage.
The latest crypto regulation news rewards projects that can document what their tokens do. MemeToro is building that record early, while ETH, XRP, and HYPE already have measurable markets.
The latest crypto regulation news also shows that transparency alone is insufficient. Liquidity, execution, and regulatory adaptation will decide which assets preserve July momentum.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Bitcoin traded near $64,869, up 1.54% over the past 24 hours, while Ethereum climbed to $1,921, up 1.21% on the day and XRP held near $1.08. Total crypto market capitalization stood at $2.21 trillion, up 1.35% over the past day.
Bitcoin: Weekly Bullish Divergence Still Intact
Bitcoin continues to hold a significant bullish divergence on the weekly chart, a pattern that has been confirming across multiple weekly candle closes. Analysts say the last comparable setup appeared near the end of the 2022 bear market, making this a longer-term signal that could play out over coming months rather than days.
On the 3-day chart, Bitcoin remains boxed between support near $60,000 and resistance in the $66,000 to $67,000 zone, a range that has held for weeks. The most recent local high formed right at that resistance band before pulling back.
Important resistance levels sit at $64,300-$64,400, then $65,000, and more significantly near $67,000, where a large liquidity pocket also sits. On the downside, support levels to watch are $62,600-$62,700, followed by $62,200 and $61,500. A fresh liquidity cluster has also built up just under $62,000.
Ethereum: Double Bottom Intact
Ethereum’s 3-day chart still shows an active “W” double-bottom pattern bouncing off support in the $1,500-$1,600 zone. However, resistance in the $1,950 area has capped rallies for weeks and remains firmly in play.
The bullish breakout target for this pattern sits at $2,070-$2,080, and the setup remains technically valid as long as ETH doesn’t break back below $1,800. That said, the daily chart is starting to show a bearish RSI divergence, with price posting higher highs while RSI prints lower highs, an early warning sign that upside momentum may be fading.
XRP: Bearish Divergence Invalidation Underway
XRP tells a weaker story. XRP currently trades at $1.08, having crashed dramatically from levels above $3 last year, and touching as low as $1.06 in recent sessions. Buying interest has emerged alongside exchange outflows, a sign some holders are moving coins off exchanges rather than preparing to sell.
The $1.00-$1.05 range is the important zone to watch. A daily close below it could open the door to fresh lows.
Bitcoin Dominance and Altcoin Outlook
Bitcoin dominance remains largely neutral on the 3-day chart, hinting that most major altcoins will continue tracking Bitcoin’s price action closely in the near term rather than diverging meaningfully.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
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Bitcoin traded higher on Thursday, with spot ETFs returning to net inflows after four straight sessions of outflows.
Crypto sentiment also improved despite remaining in the fear zone as Treasury Secretary Scott Bessent urged the Senate to pass the CLARITY Act.
Notable Statistics:
Coinglass data shows 89,252 traders were liquidated in the past 24 hours for $274.16 million. SoSoValue data shows net inflows of $32.1 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $18.7 million. In the past 24 hours, top gainers include Uniswap, VeChain and PancakeSwap. Notable Developments:
Trader Notes:
Crypto chart analyst Ali Martinez said a pullback to $60,000 shouldn’t be viewed as bearish, as it could help Bitcoin complete an inverse head-and-shoulders pattern. A breakout above $66,500 would confirm the setup and could pave the way for a rally toward $74,000.
Trader KillaXBT believes this cycle could be the first where Bitcoin remains above the key blue support band, a level that has historically signaled major bullish trend reversals.
As long as BTC holds above it, the trader sees no strong reason to expect the current cycle to deviate from past rallies that led to significant upside.
Daan Crypto Trades noted Bitcoin is retesting local resistance, with $65,000 acting as the key breakout level. A move above that threshold could open the door for another attempt at reclaiming the $67,000 local high.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
In brief A fake staking site that ran for eight days last October took 3.4 million XRP from 71 investors, worth 12.3 billion won ($8.5 million), Seoul police said. Police say the operators impersonated Flare Network and FXRP, and seeded blogs, articles and YouTube with false information. Investigators traced 27.3 billion won ($18.8 million) through wallets linked to the group and froze 17.3 billion won of it. A fake staking site that ran for eight days last October took 3.4 million XRP from 71 investors, worth 12.3 billion won ($8.5 million), Seoul police say. Two men, both 29, have been referred to prosecutors on aggravated fraud charges, local outlet Chosun reported Thursday.
According to police, the site, Fxrpntwork.com, impersonated Flare Network and its FXRP token, both legitimate projects, and promised monthly returns of 1.5% to 1.8% with principal guaranteed. Investors were allegedly directed to move XRP off domestic exchanges, through overseas venues, and into wallets the group controlled, before the site shut down on October 23 and the operators disappeared.
A fake evidence basePolice said the group planted false information on portal blogs, online news articles and Wikipedia, and produced YouTube videos featuring a paid stand-in, so anyone researching the project found what looked like independent corroboration. The scheme followed FXRP's actual launch the month before.
The stand-in, 34, has been charged with fraud. Police put average losses at 173 million won ($119,000) a victim across the week the site was live.
Police froze 17.3 billion won of assets across overseas exchanges as soon as they detected the scheme. Another 10 billion won moved during the investigation and is unaccounted for, they said. Together that is the 27.3 billion won ($18.8 million) investigators traced through wallets linked to the group, well above the 12.3 billion won confirmed lost by the 71 known victims, which police say points to more.
An overseas exchange tipped off police last October about a surge in staking fraud. Investigators executed 54 search and seizure warrants, arrested one suspect at a hideout after he returned from abroad, and picked up the others in sequence. A fourth man, also 29, is overseas under an Interpol Red Notice. None of the four has been tried, and police have not made their identities public.
South Korean police have brought a run of crypto cases this year, including June's charges against 23 people over laundering $11.1 million in USDT for a Cambodia-based phishing ring. Investigators said they would treat crypto fraud with "zero tolerance," and urged investors to check official sources before sending funds.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief A fake staking site that ran for eight days last October took 3.4 million XRP from 71 investors, worth 12.3 billion won ($8.5 million), Seoul police said. Police say the operators impersonated Flare Network and FXRP, and seeded blogs, articles and YouTube with false information. Investigators traced 27.3 billion won ($18.8 million) through wallets linked to the group and froze 17.3 billion won of it. A fake staking site that ran for eight days last October took 3.4 million XRP from 71 investors, worth 12.3 billion won ($8.5 million), Seoul police say. Two men, both 29, have been referred to prosecutors on aggravated fraud charges, local outlet Chosun reported Thursday.
According to police, the site, Fxrpntwork.com, impersonated Flare Network and its FXRP token, both legitimate projects, and promised monthly returns of 1.5% to 1.8% with principal guaranteed. Investors were allegedly directed to move XRP off domestic exchanges, through overseas venues, and into wallets the group controlled, before the site shut down on October 23 and the operators disappeared.
A fake evidence basePolice said the group planted false information on portal blogs, online news articles and Wikipedia, and produced YouTube videos featuring a paid stand-in, so anyone researching the project found what looked like independent corroboration. The scheme followed FXRP's actual launch the month before.
The stand-in, 34, has been charged with fraud. Police put average losses at 173 million won ($119,000) a victim across the week the site was live.
Police froze 17.3 billion won of assets across overseas exchanges as soon as they detected the scheme. Another 10 billion won moved during the investigation and is unaccounted for, they said. Together that is the 27.3 billion won ($18.8 million) investigators traced through wallets linked to the group, well above the 12.3 billion won confirmed lost by the 71 known victims, which police say points to more.
An overseas exchange tipped off police last October about a surge in staking fraud. Investigators executed 54 search and seizure warrants, arrested one suspect at a hideout after he returned from abroad, and picked up the others in sequence. A fourth man, also 29, is overseas under an Interpol Red Notice. None of the four has been tried, and police have not made their identities public.
South Korean police have brought a run of crypto cases this year, including June's charges against 23 people over laundering $11.1 million in USDT for a Cambodia-based phishing ring. Investigators said they would treat crypto fraud with "zero tolerance," and urged investors to check official sources before sending funds.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Last October, a fake staking site that operated for eight days stole 3.4 million XRP from 71 investors. This amount is equivalent to $8.5 million. Seoul police stated that this fraudulent operation deceived investors by impersonating Flare Network and FXRP. The fake site promised investors monthly returns of 1.5% to 1.8%, while claiming that the principal was guaranteed.
Details of the Fraud The fraud operation tricked investors into withdrawing their XRP from local exchanges and transferring it to wallets controlled by the scammers via offshore platforms. The site shut down on October 23, and the operators disappeared. Police revealed that the scammers spread misinformation on platforms such as portal blogs, online news articles, and Wikipedia, and produced videos using a paid stand-in on YouTube.
Police Investigation and Its Outcomes Seoul police tracked assets worth a total of 27.3 billion won ($18.8 million) related to the fraud and froze 17.3 billion won. Two individuals linked to the fraud were referred to prosecutors on charges of aggravated fraud. Additionally, another person is being prosecuted on charges of forgery in connection with the fraud. Police issued 54 search and seizure warrants related to the fraud and arrested one suspect who had returned from abroad and was hiding.
South Korean police have announced a zero-tolerance policy against cryptocurrency scams this year and warned investors to verify official sources before sending funds. This is seen as part of increased vigilance and measures against cryptocurrency fraud in South Korea.
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A fake Flare Network staking site has drained 3.4 million XRP (CRYPTO: XRP) from 71 investors, with total losses potentially reaching $19 million as investigations continue, according to a report by the Seoul Metropolitan Police Agency on Thursday.
How The Scam Actually WorkedAs South Korean news outlet Chosun reported, the fraudulent site operated from October 16 to October 23, 2025, promising investors monthly returns of 1.5% to 1.8% on XRP deposits.
The scammers built credibility by using the name of a genuine blockchain project and spreading fake advertising across Naver blogs, online news articles, Wikipedia, and YouTube.
Two men were detained on aggravated fraud charges and a third accomplice remains at large at an unknown overseas location, Chosun reported.
Seoul police obtained an arrest warrant and requested an Interpol Red Notice for the fugitive, according to Korea JoonAng Daily.
Why Flare Network Was The TargetFlare Network has deep roots in the XRP ecosystem, debuting in early 2023 and reporting over $160 million in total value locked as of late March 2026, with more than 887,000 active addresses.
Its real-world credibility made it an effective cover for the scammers to exploit.
“We will strictly respond to cyber frauds involving cryptocurrency under a zero-tolerance policy,” a Seoul police official said, according to Korea JoonAng Daily, urging investors to verify any investment claims before depositing funds.
How Big Is The Broader Crypto Scam Problem?Crypto analytics firm Chainalysis estimated in January that scammers and fraudsters stole as much as $17 billion in cryptocurrency worldwide during 2025.
Criminals increasingly relied on impersonation tactics and artificial intelligence to target victims at scale, the firm added.
The Seoul case fits that pattern precisely — a convincing fake of a legitimate project, amplified through mainstream platforms, targeting retail investors drawn in by yield promises that real staking products rarely match.
XRP Price Update — July 30, 2026Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
TLDR XRP is trading at $1.08, down 1% on the day and about 21% below its 200-day moving average of $1.37. Price action has compressed into a tight range, with technical indicators like MACD and RSI sending mixed signals. Open interest jumped over 10% in 24 hours, and both institutional and retail traders are heavily positioned long. Analysts have set year-end targets between $3.00 and $4.00, based on regulatory and institutional developments. Historical charts show XRP has only had five major bull rallies in 12 years, each followed by steep pullbacks. XRP is currently trading at $1.08. That’s a small drop of about 1% over the last day. The token sits roughly 21% below its 200-day moving average of $1.37.
Price movement has slowed to a crawl. The 24-hour trading range was just $0.03, and the Average True Range sits at the same low figure. Bollinger Bands are tightening, a pattern that often comes before a sharp move in either direction.
Short-term moving averages are stacked above the current price. The 7, 20, and 50-day averages all sit higher, forming a wall of resistance overhead.
XRP Price on CoinGecko Technical Indicators Point in Different Directions MACD has flattened out with a histogram reading of zero. This means the downtrend has lost momentum, but buyers haven’t stepped in with enough force to reverse it.
RSI is at 44. That’s not low enough to trigger buying interest, and not high enough to draw in momentum traders either.
Stochastics tell a different story. With %K at 26.67 and %D at 21.34, the oscillator is pushing into oversold territory. This has historically led to short bounces within a few trading sessions.
The Bollinger %B reading of 0.27 shows price is hugging the lower band. A drop from here would quickly test the $1.05 level, which traders are watching closely as a floor.
Whale and Trader Positioning Open interest rose 10.46% in the past 24 hours. That points to new money entering the market rather than existing positions shifting around.
Institutional traders are 75.6% long, and retail traders are close behind at 72.6% long. Despite this, the taker buy/sell ratio sits at 0.77, meaning sellers are currently winning more trades than buyers.
Some analysts have longer-term price targets. Motley Fool’s Dominic Basulto has set a target of $4.00 by the end of 2026. Fellow contributor Alex Carchidi has pointed to $3.00 as a floor target for the token this year.
These targets are tied to ongoing regulatory clarity and expanded use cases for XRP, not short-term chart patterns.
Looking at the bigger picture, XRP has only seen five major bull rallies in its 12-year history, according to lifetime TradingView charts. Each time, the token gave back most of its gains afterward.
The pattern has repeated at different price levels. When XRP climbed above $1.50, it later fell below $0.50. When it passed $2, it dropped to $0.90. After rising above $3 on three separate occasions, it fell back to $1.10 each time.
XRP hit an all-time high of $3.65 in July of last year. It is now down about 70% from that high, having touched a low of $1.07.
The token is currently at risk of dropping below the $1 mark, with some analysts pointing to $0.90 as the next level down if that happens. Bitcoin has been trading in the $60,000 to $65,000 range for months, and the broader crypto market has not seen a strong upward move this year.
XRP derivatives sentiment has seen a rapid shift in recent weeks, after crypto researcher BankXRP highlighted a plunge in funding rate data. The move, tracked through Binance’s 30-day XRP funding rate Z-Score shared on X, signals a dramatic reversal as the market’s tone turned from highly optimistic to distinctly bearish in a short time frame.
Funding rates point to sharp sentiment reversalBankXRP, a well-followed cryptocurrency analyst and researcher, shared a chart on social platform X flagging this rapid change in derivatives positioning. The attached data illustrated how XRP’s funding rate Z-Score, an indicator of market sentiment in perpetual futures, briefly soared into “full euphoria” before collapsing into deeply negative territory.
Funding rates in crypto derivatives are a key metric reflecting trader sentiment. Positive rates suggest bullish long positions outweigh shorts, meaning those holding longs pay a premium. Negative funding means the reverse, with short sellers dominating the market and paying longs.
This quick shift, according to BankXRP, signals that traders have become much more cautious or pessimistic after a period of excessive optimism. The reversal in sentiment can create dynamic trading conditions, often leading to increased volatility in the underlying asset.
XRP’s funding rate surged into strongly positive territory, only to reverse sharply into a deep negative zone, reflecting a swift pivot in market positioning that could influence what comes next for the asset.
Mini dictionary: Funding rate Z-Score, a statistical measure that quantifies how extreme the current funding rate is compared to its historical levels, often helping traders spot shifts in market sentiment.
The post sparked active discussion within the XRP community, as members debated the implications of the dramatic change in funding rates. Some observed that deeply negative rates can indicate mounting short positions, potentially laying the groundwork for sudden trading cascades if market direction reverses.
CryptoMarc, a prominent community member, highlighted that when funding becomes steeply negative, it may force short sellers to close their positions—or face losses—if XRP price rises unexpectedly. Such events, often called short squeezes, can accelerate upward price moves as traders rush to exit losing positions.
Deeply negative funding rates typically point to a crowded short trade, which could prompt rapid liquidations if the market turns, possibly triggering a sharp upside move as shorts cover.
Other members, like the user BOOM!, suggested an alternate scenario, pointing out that sharp declines could first trigger liquidations of overleveraged long positions, compounding downward pressure before any potential recovery. A rebound from such levels might then catch short sellers off-guard, adding fuel to a reversal rally.
ScenarioEffect on PricePotential TriggerShort squeezeUpwardRapid closing of short positions as price risesLong liquidationDownward, followed by reboundForced selling during price drop, then a reversal as shorts coverBoth perspectives underscored the role of leveraged traders in shaping XRP’s near-term moves, especially under unstable market conditions.
Market outlook remains uncertainWhile BankXRP avoided direct predictions, the researcher advised close monitoring of the evolving derivatives landscape. The abrupt transition in funding rates and the resulting build-up of leveraged positions could lead to sharp, volatile swings in XRP’s price in the weeks ahead.
Observers now await to see whether the current imbalance resolves quietly or produces the kind of liquidation-driven price moves that have periodically appeared in the cryptocurrency market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In XRP news today, Coinbase Wrapped XRP (cbXRP) just became significantly more useful. Doppler Finance, an institutional-grade yield infrastructure protocol, has expanded to Base, Coinbase’s Ethereum Layer-2 chain, with cbXRP as its first supported asset.
XRP holders who have been sitting on the sidelines of EVM-compatible DeFi now have a regulated, exchange-backed route into lending, borrowing, and collateral strategies.
This news dropped as the XRP price dropped -1.2% overnight, falling to $1.08 after losing support at $1.10. This marks a -5.4% move over the past seven days. Daily trading volume on XRP USD sits at $1.16Bn, up from $1.05Bn yesterday.
Doppler is expanding to Base.
Starting with infrastructure for cbXRP and paving the way for more tokenized assets over time.
We’re bringing institutional-grade infrastructure for tokenized capital markets to Base.
Excited to build on @base. pic.twitter.com/xyPWGj3Fwe
— Doppler Finance (@doppler_fi) July 29, 2026
XRP News: What Doppler Finance Is Unlocking for cbXRP Doppler Finance was originally built on the XRP Ledger (XRPL), XRP’s native, non-EVM blockchain, to serve institutional participants. Its expansion to Base marks the first time its infrastructure is available to the broader Base DeFi ecosystem, starting with cbXRP support and with additional tokenized assets planned in later phases.
The practical impact is concrete. cbXRP holders can now deposit their tokens into lending markets to earn interest, use cbXRP as collateral to borrow stablecoins or other crypto assets, provide liquidity in decentralized exchange pools, and participate in yield farming strategies, all on Base.
Antonio Garcia-Martinez, Head of Growth at Base, described the broader ambition: once an asset is onchain, it becomes usable as collateral, lendable, and borrowable in ways that were not possible in its native form.
Doppler Finance Head of Institutions Rox Park framed the expansion as a structural shift, noting that the next phase of tokenized finance requires infrastructure that extends beyond any single blockchain.
What cbXRP Actually Is and Why It Works on Base
(SOURCE: CoinGecko)
XRP operates on its own non-EVM-compatible blockchain, the XRP Ledger, meaning it cannot directly interface with Ethereum’s DeFi protocols.
To address this, cbXRP allows users to convert XRP from their Coinbase account into an ERC-20 token on Base, where Coinbase locks the XRP and issues cbXRP at a 1:1 ratio. Essentially, cbXRP acts as a travel adapter for the DeFi ecosystem on Base.
Coinbase maintains a live proof-of-reserves dashboard, showing real-time updates on reserve addresses and balances. As of late July 2026, around 105.64 million cbXRP are in circulation, fully backed by XRP in Coinbase custody, representing over $113M in reserves.
Note that this is a custodial model controlled by Coinbase, which involves centralized custody risks. Users should verify the official Base contract address (0xcb585250f852C6c6bf90434AB21A00f02833a4af) to avoid fake cbXRP tokens that have appeared on other networks.
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cbXRP’s DeFi Trajectory Since Launch Coinbase launched cbXRP on Base on June 5, 2025, alongside Coinbase Wrapped DOGE (cbDOGE), with initial issuance of roughly 2.3 million cbXRP.
The token’s first major DeFi integration came via Moonwell, a lending protocol on Base, which grew to $1.2M in cbXRP liquidity, a proof-of-concept that exchange-backed wrapped assets could attract DeFi capital. The Doppler Finance expansion represents the next leg of that buildout, targeting more sophisticated institutional-grade use cases.
Coinbase has been positioning Base as a multi-asset financial platform, adding tokenized stocks, perpetual derivatives, stablecoin payment rails, and AI-powered financial tooling alongside these wrapped asset integrations. cbXRP sits within that broader strategy.
Making major non-EVM assets natively productive on Base rather than leaving holders dependent on third-party bridges. For XRP price context and institutional accumulation trends feeding demand for these products, the institutional accumulation picture is worth understanding alongside the DeFi utility expansion.
Doppler has indicated that cbXRP is the first, not the last, asset in its Base rollout, with support for additional tokenized assets coming as the ecosystem matures.
The question now is how quickly XRP DeFi activity on Base, lending volumes, collateral utilization, and DEX liquidity depth scale to match the infrastructure being put in place.
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A phishing scheme that operated under the guise of a legitimate staking platform last October resulted in 3.4 million XRP being stolen from 71 investors, with total losses valued at 12.3 billion won ($8.5 million), according to the Seoul Metropolitan Police Agency.
Fake staking platform mimics Flare NetworkPolice reported that the fraudulent site, Fxrpntwork.com, presented itself as an official platform associated with Flare Network and its FXRP token. Flare Network is a blockchain project focused on expanding interoperability across various networks, and FXRP is one of its tokenized assets designed to bring non-native tokens onto its platform.
The operators, both 29 years old, allegedly told investors the project would provide monthly returns between 1.5% and 1.8%, guaranteeing principal safety. Investors were directed to transfer their XRP holdings from domestic exchanges, routing funds through overseas venues before finally depositing into wallets controlled by the fraudulent group. The scheme, which coincided with the real FXRP launch the previous month, abruptly ended on October 23 when the platform was shut down and operators vanished.
Mini dictionary: Flare Network, an EVM-based blockchain for smart contracts, aims to enable blockchain interoperability and supports the use of non-native assets on its network. FXRP is a protocol that lets users bring XRP to the Flare blockchain for staking and DeFi activities.
Deceptive tactics and wider financial impactTo create the appearance of legitimacy, the suspects allegedly seeded online news articles, portal blogs, and even Wikipedia entries with misleading information about the staking site. They also produced YouTube videos featuring a paid stand-in to assure users of authenticity. The stand-in, aged 34, now faces separate fraud charges.
Authorities put the average loss at 173 million won ($119,000) per affected investor, incurred during the single week the site was online.
Police emphasized that “the fraudulent group manipulated online content and social media, so anyone seeking to verify the project encountered what appeared to be independent endorsements.”
Investigation and asset recoveryIn their investigation, law enforcement traced a total of 27.3 billion won ($18.8 million) moving through digital wallets tied to the suspects. Of that amount, 17.3 billion won in assets were frozen across overseas exchanges immediately after detecting fraudulent activity. Another 10 billion won was moved during the investigation and has yet to be recovered, with police noting this suggests more victims may exist beyond the 71 currently identified.
MetricAmount (KRW)Amount (USD equiv.)Losses by 71 victims12.3 billion$8.5 millionTotal traced27.3 billion$18.8 millionAssets frozen17.3 billion$13 millionThe crackdown was initiated after an overseas exchange tipped off South Korean police about a spike in staking fraud last October. Authorities carried out 54 search and seizure operations, apprehending one suspect at a domestic hideout upon his return from abroad, before arresting the others in succession. A fourth suspect, also aged 29, remains at large overseas under an Interpol Red Notice.
Investigators indicated, “Given the scale of funds tracked compared to confirmed losses, the number of actual victims may be higher than currently known.”
Continued anti-fraud measures in South Korean crypto sectorNone of the four suspects have been tried, and police have not disclosed their names. This operation is one of several recent law enforcement actions targeting cryptocurrency-related crimes in South Korea. In June, authorities charged 23 individuals involved in laundering $11.1 million in USDT tied to a Cambodia-based phishing network.
Officers stated their intention to pursue crypto-related fraud with “zero tolerance” and encouraged investors to consult official sources before transferring digital assets to staking platforms or any third-party services.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
South Korean police have uncovered one of the country’s biggest XRP related crypto scams after arresting three suspects linked to a fake staking platform that promised fixed monthly returns.
Authorities say the fraud pulled in about 3.4 million XRP from 71 victims, while blockchain tracking shows total wallet flows linked to the operation reached 27.3 billion won (around $19 million).
How the Fake XRP Staking Platform Tricked InvestorsAccording to the Seoul Metropolitan Police Agency’s Cyber Investigation Unit, the suspects created a fake website called Fxrpntwork.com between Oct. 16 and Oct. 23, 2025, posing as the legitimate Flare Network and its FXRP ecosystem.
The platform promised investors guaranteed principal protection along with monthly staking returns of 1.5% to 1.8%.
To make the scheme look real, the group flooded the internet with fake promotional content across Naver blogs, Tistory, Wikipedia pages, online news articles, and YouTube videos, some featuring paid actors pretending to review the platform.
Police said the fraudsters deliberately launched the website around the real FXRP token rollout to make their operation appear legitimate.
🚨SEOUL POLICE BUST $19M XRP STAKING SCAM!
Three arrested over a fake $XRP staking platform that impersonated Flare Network and FXRP around their launch.
71 victims lost about 3.4 million $XRP.
Roughly 27.3 billion won ($19 million) reached the operators’ wallets.
A fourth… pic.twitter.com/AJ825BmoZj
— Crypto Banter (@crypto_banter) July 30, 2026 Instead of sending XRP directly from domestic exchanges, victims were instructed to move their tokens through overseas exchanges before depositing them into wallets controlled by the scammers. This method helped avoid South Korea’s strict monitoring systems for large crypto transfers.
After collecting approximately 3.4 million XRP, the operators shut down the website and disappeared.
Police Freeze $12 Million, But Part of the Crypto Is Still MissingThe investigation began after an overseas cryptocurrency exchange reported suspicious XRP movements to South Korean authorities.
Using blockchain analysis, IP tracking, domain registration records, and conversation logs, investigators froze about 17.3 billion won ($12 million) in XRP and Tether across several overseas exchanges within three days of receiving the alert.
Authorities are now working through legal procedures to confiscate those assets and return them to victims.
However, police said roughly 10 billion won ($7 million) worth of crypto had already been moved before the freeze and remains missing.
One Suspect On the Run, Faces Interpol Red NoticePolice arrested three suspects, meanwhile, authorities obtained an arrest warrant for a fourth suspect, who is believed to be overseas, and have requested an Interpol Red Notice.
The two main suspects have been referred to prosecutors under South Korea’s Act on the Aggravated Punishment of Specific Economic Crimes, while investigators continue executing additional search warrants to identify others involved in promoting the scam and laundering the stolen crypto through OTC traders.
Story Ends Here
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The official SALT X (Twitter) account just dropped a speaker announcement for the 2026 Wyoming Blockchain Symposium scheduled for August 17 to 20: Ripple CEO Brad Garlinghouse.
Garlinghouse is set to headline the third annual Wyoming Blockchain Symposium, an invitation-only gathering hosted by SALT and Kraken at the Four Seasons Resort in Jackson Hole, Wyoming. This event unites 500 leading investors, builders, and policymakers to shape digital asset regulation and institutional adoption.
The event, which brings together major participants in the digital assets ecosystem for focused discussion and networking, will feature notable speakers including Andrew Cuomo, former governor of New York; Galaxy's Mike Novogratz; Michael S. Seliq; Cynthia Lummis; Carlos Domingo of Securitize; White House Council of Economic Advisers' Aaron Hedlund; John Hoffman of Ondo Finance; Anthony Scaramucci, the founder and chairman of SALT; David Ripley of Kraken/Payward; Caitlin Long of Custodia Bank; Nasdaq's Kevin Kennedy; Cardano founder Charles Hoskinson; Stellar Foundation CEO Denelle Dixon; among others.
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The goal of the Wyoming Blockchain Symposium is to catalyze more forward-thinking digital asset regulation, create a more decentralized, rather than centrally planned, global financial system, and drive greater institutional understanding and adoption of blockchain infrastructure.
Ripple takes center stageAccording to SALT's website, Ripple has been named one of the sponsors of the event, sitting in the 'Grand Teton' category alongside major companies such as Galaxy, Clear Street, and Multicoin Capital.
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SALT and Kraken Exchange are hosting the Wyoming Blockchain Symposium with support from the University of Wyoming Center for Blockchain and Digital Innovation.
The University of Wyoming is a partner in Ripple's University Blockchain Research Initiative (UBRI), making the event significant for Ripple.
The announcement adds to the list of major speaking engagements on Ripple CEO Brad Garlinghouse's calendar as Ripple continues to be a key player in conversations about blockchain adoption and digital asset policy.
Ripple is gearing up for Swell 2026, its annual event in New York City from October 27 to 29, 2026, bringing together leaders in finance, fintech founders, developers, and researchers.
XRP has encountered persistent resistance around the $1.09 to $1.10 range after a series of failed recovery attempts throughout July. This price action has positioned the coin at a pivotal juncture, as bulls have yet to regain momentum following a notable decline in June. Despite stabilizing above key support levels, the path forward remains uncertain for the digital asset.
XRP tests major technical resistanceRecent trading saw XRP struggle to move above the convergence of the 50-day and 100-day moving averages, both of which have formed a formidable resistance zone for the token. Prices are currently hovering near $1.08, with buyers unable to sustain a breakout attempt from an ascending triangle pattern. Instead, the asset has slipped back below its previous breakout area, consolidating just under critical resistance.
The failed breakout effort and minimal subsequent decline indicate that sellers remain active whenever the price approaches dynamic resistance lines. So far, overall momentum has not shifted in favor of buyers, leaving the longer-term technical picture unchanged.
Technical indicators show the 200-day moving average trending higher, with the level now standing at roughly $1.21. This configuration suggests that bulls face considerable challenges before the outlook can improve over the long term.
Volume and momentum signal market hesitancyTrading volumes have stayed muted throughout the latest recovery attempts. Sustained increases in participation are generally necessary for substantial breakouts, yet the current quiet market implies that conviction is still lacking among both buyers and sellers.
Repeated advances toward the $1.10 mark have been turned back in the absence of stronger buying volume. Many traders are now watching closely for evidence of renewed momentum. The Relative Strength Index (RSI), which measures market momentum, currently stands near 46, slightly below the neutral 50 mark, indicating a mild bearish tilt but no extreme conditions.
XRP is consolidating just below the 50-day and 100-day moving averages, while volume remains subdued and momentum indicators reveal a market searching for direction.
Although selling pressure has eased since the sharp June drop, buyers have not displayed the conviction required for a sustained upward move. The absence of overbought signals does, however, offer scope for a potential rebound if conditions shift.
Key levels to watch for XRPTechnical analysts point to a strong daily close above the $1.10 resistance zone as a prerequisite for a more optimistic scenario. Should XRP regain the 50-day and 100-day moving averages on convincing volume, attention would likely turn toward the next major resistance found near the 200-day moving average at $1.21.
On the downside, the $1.05 to $1.06 area serves as immediate support. Further declines below this band could open the door for another test of the $1.00 psychological level. With XRP now trading between significant support and resistance zones, traders are watching closely to see if the coin can break from its current range and establish a clear directional trend.
LevelPriceStatusResistance (50/100-day MA)$1.09–$1.10Key resistance, multiple rejectionsCurrent Price$1.08Consolidation zoneSupport Area$1.05–$1.06Crucial short-term support200-day MA$1.21Long-term resistance targetPsychological Support$1.00Major round numberDisclaimer: 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 ETFs have reached a new milestone, setting a record for cumulative net inflows despite XRP’s price struggles extending into the 12th month.
Specifically, on July 27, the ETF products pushed their cumulative net inflows to $1.50 billion, marking a new all-time high. The increase came after the funds recorded $592,470 in net inflows that day.
Before this, cumulative inflows had remained unchanged at $1.49 billion for three consecutive trading days, with the ETFs posting no net flows from July 22 through July 24 at the close of the previous week.
Early Momentum Gave Way to Slower but Steady Growth The latest milestone represents the first time XRP ETFs have accumulated $1.50 billion in net inflows since they began trading in November 2025.
XRP ETFs Cumulative Inflows | Sosovalue Notably, the products attracted capital quickly after launch, reaching $1 billion in cumulative inflows by mid-December 2025, less than a month after the first spot XRP ETF entered the market.
This early period saw strong investor demand. Daily inflows regularly exceeded $20 million, with the ETFs attracting $164 million on Nov. 24, 2025, and an even larger $243 million on Nov. 14, 2025.
The pace changed after cumulative inflows climbed above $1.2 billion in early January 2026. On Jan. 7, 2026, the ETFs recorded their first daily net outflow, with $40.8 million leaving the funds.
Although inflows picked up again afterward, they slowed enough for cumulative inflows to fall to $1.17 billion by the end of January 2026.
Investor Interest Remained Strong as XRP Lost Value The ETFs recovered after January and continued to attract fresh capital. While a few trading sessions ended with net outflows, inflows outweighed outflows on most days.
This consistent demand helped cumulative inflows climb to $1.30 billion in late April 2026, before rising again to $1.40 billion in May 2026. The funds then spent the next two months working toward another milestone before finally reaching $1.50 billion.
This progress came even as XRP remained under heavy selling pressure. During the same period, the token lost 70% of its value from its all-time high of $3.6.
Monthly XRP ETF Flows Remain Mostly Positive in 2026 The trend has remained largely positive throughout this year despite XRP’s weak price performance. While the cryptocurrency has fallen 41% since the beginning of the year, XRP ETFs have continued to record positive monthly inflows almost every month.
XRP ETF Monthly Flows | Sosovalue The funds brought in $15.59 million in January 2026, followed by $58.09 million in February 2026. They then recorded their first monthly net outflow in March 2026, when investors pulled $31.16 million from the products. So far, March remains the only month to finish with negative net flows.
Since then, the ETFs have returned to positive territory every month. They recorded their strongest monthly performance of the year in May 2026, attracting $131.94 million in net inflows.
Overall, the funds have added $329 million in cumulative net inflows during 2026, helping lift their overall cumulative inflows to the new record of $1.50 billion.
Bitwise Leads ETF Rankings Among all XRP ETF issuers, the Bitwise XRP ETF now holds the largest share of cumulative inflows. The fund has attracted $500 million, giving it 33% of the total $1.50 billion accumulated since launch. It recently moved ahead of the Canary Capital XRP ETF, despite entering the market after Canary.
Bitwise Leads XRP ETF Race The Canary Capital XRP ETF now ranks second with $466.97 million in cumulative net inflows, accounting for 31% of the overall total. Franklin Templeton’s XRPZ ETF follows in third place with $422.45 million in cumulative inflows, while Grayscale’s XRP ETF (GXRP) ranks fourth after bringing in $131.46 million.
The 21Shares XRP ETF (TOXR) remains the only product still in negative territory. Since its launch, it has recorded -$20.06 million in cumulative net flows.
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.
XRP is trading around $1.08 as of late July 2026, a sharp drop from the highs above $3 posted last year. The token briefly touched $1.06 recently, putting the key psychological floor at $1.00 firmly in focus.
A Prolonged Downtrend With Mixed On-Chain Signals The daily timeframe reveals XRP locked in a downward trajectory that originated in July 2025. XRP remains in a short-term bearish trend, with various support levels previously thought to be secure lost in June, and the token now trading just above the psychological level of $1, experiencing lower highs and lower lows.
Yet the picture beneath the surface is more complicated. XRP has recorded one of its largest exchange outflow days of 2026, while US spot XRP ETFs continue to attract steady institutional demand. Santiment linked large outflow days to historically bullish price action, while ETF inflows showed steady institutional demand. However, those signals have not yet translated into a sustained price recovery. XRP keeps finding bullish narratives underneath the surface, but price keeps ignoring them. Exchange balances are shrinking and ETF money is still coming in, yet none of that stopped XRP from losing another support level, which is usually a sign that technical selling is overwhelming longer-term accumulation.
The $1.00 Level Is the Line That Matters Downside support sits at $1.00. A thick band of buying activity between $1.00 and $1.06 has kept the price from slipping further, though a daily close below $1 could open the door toward $0.80. TradingView's daily technical summary has indicated a strong sell signal from moving averages and mostly neutral oscillators.
XRP has been chopping around the $1.08 to $1.10 range despite mixed momentum in the broader crypto market, neither staging a decisive breakout nor slipping into a sharp correction, suggesting traders are waiting for a stronger catalyst before taking fresh positions. A breakout above $1.15 would target the $1.20 to $1.25 range, while $1.07 remains crucial for bulls.
No one can say with certainty that current levels represent a floor. Higher buying activity and a clearer macro catalyst could confirm a reversal, but the dominant trend remains bearish until the charts say otherwise. Cryptocurrency is an extremely volatile and risky asset. Always do your own research before making any investment decisions.
Sources:
CoinPedia: XRP Network Activity Falls to 2026 Lows
CoinDesk: Bullish XRP Signals Are Piling Up, the Price Keeps Falling
Analytics Insight: XRP ETF Demand Rises as Exchange Outflows Signal Bullish Move
Despite the slowdown in retail activity on XRP, institutional interest has appeared consistent as the XRP ETF market continued to see a new influx of capital even when sentiment is weak.
Although institutional demand has slowed, it has remained consistent, causing the XRP funds to collectively record decent net inflows on most trading days.
XRP ETFs hit major milestone Per data from SosoValue, XRP spot ETFs have collectively reached the $1.5 billion mark in cumulative net inflows as of Wednesday, July 29, 2026.
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While this marks a major milestone for the XRP ETF market, it has come after the funds recorded $584,710 in daily net inflows during their latest trading session.
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The milestone has brought the total net assets to a massive $988.7 million, approaching the $1 billion mark, signaling growing demand for XRP exposure among investors through regulated platforms.
The XRP ETFs have also achieved a massive $10.35 million in daily trading volume, reflecting steady market activity from institutional investors.
Franklin Templeton takes dominanceIt is important to note that the continued demand from institutional investors does not span across all existing funds; only a few issuing companies have sustained the market with fresh capital.
During their last trading session, Franklin Templeton's XRPZ was the only ETF to attract fresh capital on the day. Hence, the fund recorded the entire $584,710 inflow recorded on that day.
While XRP institutional investors appear to be more drawn to the fund, Franklin Templeton's XRP ETF now manages $254.35 million in assets and has so far seen about 542,900 XRP flow into its product.
SALT’s official X account has confirmed that Ripple CEO Brad Garlinghouse will be a keynote speaker at the 2026 Wyoming Blockchain Symposium, scheduled for August 17–20. The event will take place at the Four Seasons Resort in Jackson Hole, Wyoming, convening high-profile figures from the digital asset sector for in-depth discussions on regulation and institutional blockchain adoption.
Key speakers and event partnersThe Wyoming Blockchain Symposium stands as a major annual gathering for the digital assets industry, bringing together 500 leading investors, builders, and public officials. This year’s lineup includes prominent names such as Andrew Cuomo, former governor of New York; Mike Novogratz of Galaxy; Michael S. Seliq; US Senator Cynthia Lummis; Carlos Domingo of Securitize; Aaron Hedlund of the White House Council of Economic Advisers; John Hoffman of Ondo Finance; Anthony Scaramucci, founder and chairman of SALT; David Ripley of Kraken and Payward; Caitlin Long of Custodia Bank; Kevin Kennedy of Nasdaq; Cardano founder Charles Hoskinson; Denelle Dixon, CEO of Stellar Foundation; and others.
The event is organized as an invitation-only symposium, hosted by SALT and Kraken, both notable organizations in the crypto and finance sectors. The University of Wyoming Center for Blockchain and Digital Innovation provides support as an institutional partner, emphasizing the academic and research contributions to blockchain innovation.
Mini dictionary: SALT is a global thought leadership forum that hosts conferences focused on finance, technology, and policy. Kraken is a major US-based cryptocurrency exchange known for its robust security features and wide asset selection.
Ripple, a blockchain-based payments company led by Brad Garlinghouse, has been named a ‘Grand Teton’ category sponsor for this year’s symposium. Other major sponsors in this category include Galaxy, Clear Street, and Multicoin Capital, reflecting strong institutional interest and investment in the event.
The University of Wyoming serves as a key partner in Ripple’s University Blockchain Research Initiative (UBRI), which supports blockchain-focused academic research around the world. This collaboration adds further significance to the event for Ripple and the University of Wyoming.
RoleInstitutionInvolvementKeynote speakerRipple (Brad Garlinghouse)Headlining event, sponsorHostSALT, KrakenOrganizing symposiumAcademic partnerUniversity of WyomingSupport, UBRI participantSymposium objectives and broader contextThe Wyoming Blockchain Symposium is designed to foster regulatory clarity, encourage the decentralization of the global financial system, and promote institutional adoption of blockchain infrastructure. Attendees engage in policy discussions, networking opportunities, and explore emerging trends in digital assets.
Brad Garlinghouse’s participation at the symposium highlights Ripple’s continued influence in shaping blockchain and digital asset policy conversations. His increasing presence at major industry events underscores Ripple’s prominent role as an advocate for crypto adoption and regulatory engagement.
Ripple has been named a ‘Grand Teton’ sponsor of the Wyoming Blockchain Symposium, joining other major firms in supporting institutional adoption and regulatory progress in digital assets.
Following the symposium, Ripple is preparing for its own annual Swell event in New York City, set for October 27–29, 2026. Swell will assemble leaders from financial industries, fintech innovators, software developers, and researchers to discuss the future of payments and decentralized 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.
Franklin Templeton’s spot XRP exchange-traded fund (ETF) recorded a net inflow of $592,000 during the latest trading session, outpacing other XRP ETFs, which saw no new capital. This development drew attention from market observers and sparked discussion around institutional strategies in the digital asset space.
Institutional activity singles out Franklin TempletonCrypto market commentator Digital Asset Investor highlighted that Franklin Templeton clients were the only group to allocate fresh capital to a spot XRP ETF, citing data from BankXRP. Competing providers, including Bitwise, Canary, Grayscale, and 21Shares, reported zero inflows over the same period.
The commentator interpreted this selective buying as a sign of potential institutional confidence ahead of possible regulatory developments in the United States. In recent commentary, Digital Asset Investor questioned whether this accumulation pointed to firms positioning themselves ahead of anticipated market shifts.
Franklin Templeton, a global asset management leader, has consistently advocated for clearer digital asset regulation. The firm has previously voiced support for the proposed CLARITY Act, which aims to define regulatory oversight between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.
Franklin Templeton’s targeted inflow stands in stark contrast to its competitors and is viewed by market watchers as a potential indication of early institutional moves ahead of possible regulatory clarity.
Many institutional players have labeled regulatory ambiguity as a key obstacle to significant investment in the digital asset segment. Market watchers suggest that once there is a more certain legal landscape, institutions could commit larger capital reserves to assets such as XRP.
Potential supply squeeze as ETF demand continuesDigital Asset Investor also noted that accumulation by spot ETFs could lower the quantity of XRP available on exchanges. Spot ETFs typically hold the underlying asset in custody, removing it from the circulating supply. If demand from institutional investors increases—particularly after possible regulatory changes—this reduced liquid supply could intensify market movements.
U.S.-listed spot XRP ETFs have seen their total assets under management climb past $1 billion, reflecting growing interest even as net inflows remain modest on a day-to-day basis. Supporters view the ongoing accumulation as an indicator of steady, if gradual, institutional adoption.
This gradual micropattern of ETF inflows, while currently limited in size, is cited as a signal of the direction institutional involvement might take should regulatory certainty emerge to unlock additional allocations.
Some commentators predict that this pattern could accelerate with clarity around legal and regulatory guidelines. If such certainty triggers a surge in institutional investments, the combined effects of ETF accumulation and additional large-scale buying could quickly absorb remaining tokens on exchanges.
This development resonates with growing interest in platforms enabling direct asset access. For instance, 1stepSwap has gained attention for connecting real-world assets with blockchain markets, allowing investors to buy shares of leading U.S. stocks and commodities like gold and silver through their crypto wallets. Its core feature is the ability to identify and secure the best market price in real time, supporting diversification while eliminating unnecessary intermediaries.
While the $592,000 inflow is comparatively small relative to Franklin Templeton’s overall asset base, it underscores the selective and strategic approach institutions may take if regulatory reforms change the investment environment for XRP and similar tokens.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple CEO Brad Garlinghouse is set to speak at the 2026 Wyoming Blockchain Symposium, one of the year’s most influential crypto policy events. He will join SEC Chairman Paul Atkins, Senator Tim Scott, and other industry leaders to discuss the future of digital assets just weeks after Congress returns from its August recess.
Brad Garlinghouse Joins Top U.S. Crypto Leaders in WyomingThe 2026 Wyoming Blockchain Symposium will take place from Aug. 17 to Aug. 20 at the Four Seasons Resort in Jackson Hole, Wyoming.
The invitation only event is jointly hosted by SALT and crypto exchange Kraken, bringing together around 500 institutional investors, regulators, blockchain founders, and policymakers.
Garlinghouse will share the stage with several influential names, including,
SEC Chairman Paul S. AtkinsSenate Banking Committee Chairman Sen. Tim ScottHouse Majority Whip Tom EmmerGalaxy Digital CEO Michael NovogratzStellar Development Foundation CEO Denelle DixonBitGo CEO Mike BelsheSecuritize CEO Carlos DomingoUnlike public crypto conferences, the symposium focuses on closed-door discussions around regulation, institutional adoption, and blockchain innovation.
Why Garlinghouse’s Appearance MattersGarlinghouse’s attendance comes at an important time for Ripple.
One major reason is the expected presence of SEC Chairman Paul Atkins. After four years of legal battles between Ripple and the SEC, the event could open the door for discussions on future crypto rules
In addition to this, Ripple may also promote its RLUSD stablecoin and show how the XRP Ledger (XRPL) can support payments, tokenized assets, and regulated stablecoins.
Another key topic could be the future of the CLARITY Act. Since the conference begins shortly after Congress returns from its August recess, discussions may focus on alternative regulatory paths if lawmakers fail to move the legislation forward.
Coinpedia news reported that SEC Chair Paul Atkins said the SEC can move ahead with rulemaking under its existing powers if lawmakers fail to pass the CLARITY Act.
Key Topics of Discussion: Blockchain, AI, and BitcoinOrganizers said the symposium event will focus on three major themes, including,
Decentralized AI infrastructure powered by blockchainBitcoin’s growing role as a corporate treasury assetTokenizing traditional financial markets, including stocks and bonds.The Wyoming appearance also adds to Garlinghouse’s busy schedule ahead of Ripple Swell 2026, which will be held in New York City from Oct. 27 to Oct. 29, where Ripple is expected to showcase its latest institutional blockchain and payment initiatives.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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Crypto analyst Steph Is Crypto has issued a bold price target for $XRP, stating on X that the cryptocurrency will “teleport to $100” and advised followers to “be ready.” The post featured a long-term XRP price chart, suggesting a potential breakout from the current consolidation phase toward triple-digit levels.
Chart projection without supporting analysisSteph Is Crypto shared a chart indicating XRP trading within a wide consolidation range, followed by a projected upward surge to prices above $100. The visual suggested expectations of a major bullish expansion, though it lacked specific technical indicators or an explanation of the underlying rationale.
The analyst did not provide a timeline for when XRP might achieve the $100 mark or detail any catalysts that could support such an increase. The focus was placed almost exclusively on the graphic projection and a succinct message encouraging investors to prepare for a substantial move.
While the forecast sparked significant interest on X, it did not include a technical explanation or timeline, relying instead on visual chart predictions and a call for readiness among investors.
The $100 prediction sparked immediate debate among community members. Jesse O questioned the credibility of such ambitious calls, asserting that overly optimistic influencer commentary often results in contrary outcomes. He indicated plans to increase his XRP holdings only if the price falls toward $0.30.
Commenter Cobra Dexter shared skepticism, arguing that XRP is more likely to drop below $1 before experiencing any notable increase. He pointed out what he viewed as excessive hype surrounding XRP on social media, emphasizing the need for analysis grounded in tangible data rather than broad optimism.
Tison Alpha News echoed these concerns, remarking that a rise to $100 would depend on major fundamental developments rather than sentiment. This commenter called for a detailed roadmap outlining the practical steps required for XRP to reach such a level, stressing that price targets need measurable drivers.
Not all reactions focused solely on price movement. A user identified as SomeSillyMan highlighted XRP’s primary design as a utility asset for facilitating fast payments and cross-border settlements, noting the distinction between XRP’s intended use and Bitcoin‘s role as decentralized electronic cash.
Broader market monitoring and investor toolsAs XRP continues to trade within its consolidation range and price forecasts remain subjects of debate, both investors and analysts increasingly emphasize the importance of tracking market movements and staying informed about macroeconomic factors. Tools such as CryptoAppsy, which streamline crypto investments by offering real-time prices, detailed performance charts, and multi-currency portfolio management on a unified dashboard, help users stay alert. With smart price alerts, curated news feeds, and discovery of newly listed altcoins, CryptoAppsy allows investors to capitalize on emerging trends and monitor pivotal macro data, including Federal Reserve interest rate decisions.
Most reactions underscored that price projections such as $100 for XRP require either compelling technical analysis or concrete market developments, rather than reliance on community excitement.
Steph Is Crypto’s projection, lacking an analytical basis or evidence-backed support, remains speculative. The target reflects a personal market perspective and has not been corroborated by external data or consensus among the broader XRP community.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple (XRP) rises toward the pivotal $1.10 resistance on Thursday, marking three consecutive days of gains. This neutral-to-slightly bullish outlook follows the Federal Reserve (Fed) decision to leave interest rates unchanged in the 3.50%-3.75% range.
Fed Chair Kevin Warsh embraced a hawkish tone in the post-meeting press conference, underlining the central bank’s direction toward “only one target and it is 2%” inflation. Warsh emphasized that the Fed under his leadership “will deliver the 2% target.”
XRP whales keep accumulating despite weak market sentimentLarge volume holders with between 10,000 XRP and 100,000 XRP have continued to increase their risk exposure, as their cumulative holdings climb to 11.9% of the total supply on Thursday, up from 11.75% the day before and 11.64% on July 1.
According to Santiment, investors with between 100,000 XRP and 1 million XRP have also increased their appetite to hold 11.75% of the token’s total supply, up from 11.45% on July 1.
Interestingly, demand for XRP surged amid growing risk-off sentiment in the broader cryptocurrency market, primarily attributed to rising geopolitical tensions in the Middle East and macroeconomic uncertainty ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday. If sustained, higher demand would absorb selling pressure, easing resistance and supporting a short to medium-term breakout.
XRP Supply Distribution | Source: SantimentRetail demand shows signs of increasing, with perpetual futures Open Interest (OI) averaging 2.27 billion XRP on Thursday, up from 2.25 billion XRP the previous day. However, the current level falls below this week’s high of 2.29 billion XRP, undermining risk appetite.
XRP Futures OI | Source: CoinGlassTechnical analysis: XRP bulls eye short-term breakout XRP trades at $1.08, keeping a bearish near-term tone as price remains capped beneath the Bollinger middle layer at roughly $1.10 and all key Exponential Moving Averages (EMAs). The 50-day EMA at $1.13, together with the upper Bollinger band around $1.14, reinforces a dense resistance zone overhead, while the 100-day and 200-day EMAs at $1.21 and $1.41 suggest that the broader trend still leans lower.
Momentum is soft, with the Relative Strength Index (RSI) hovering near 45 on the daily chart and the Moving Average Convergence Divergence (MACD) fractionally negative, hinting at fading bullish attempts.
XRP/USDT daily chartOn the downside, initial support lies at the lower Bollinger band near $1.05, where dip buyers could attempt to stabilize the pair. As long as XRP trades below the $1.10 Bollinger midline boundary and remains under the clustered resistance formed by the 50-day EMA at $1.13 and the upper band at $1.14, rallies are likely to be corrective and vulnerable to renewed selling, with a break under $1.05 opening the door to further weakness toward the prior psychological lows such as the $1.00 level.
(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.
Ripple (XRP) and Stellar (XLM) are trading at critical technical levels on Thursday. XRP has stabilized above the psychological $1.00 support, while XLM is testing support at $0.173. Traders should be cautious as mixed derivatives metrics keep the outlook uncertain for both altcoins.
Mixed sentiment among tradersDerivatives data shows mixed sentiment among traders. CoinGlass’ long-to-short ratio for XRP reads 1.02 on Thursday. A ratio above one indicates bullish sentiment, as traders are betting the asset price will rise. Meanwhile, XLM's ratio has dropped to 0.84, near a one-month low, indicating traders are increasingly betting on further downside.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassFunding rate data also points to diverging sentiment between XRP and XLM. XRP funding rates flipped positive on Tuesday, reading 0.0094% on Thursday, indicating that long traders are paying shorts and reflecting a bullish bias. In contrast, for XLM, the funding rate flipped negative on Wednesday, reading -0.0024%, indicating that shorts are paying longs and signaling bearish sentiment.
XRP funding rates chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassXRP technical outlook: Holds above key $1 supportXRP price trades at $1.076 on Thursday, keeping a bearish near-term bias as price stays below the 50-day Exponential Moving Average (EMA) at $1.129, the 100-day EMA at $1.215, and the 200-day EMA at $1.421. The alignment of these EMAs above spot suggests a capped market, while the Relative Strength Index (RSI) near 43 hints at subdued but not oversold momentum. The Moving Average Convergence Divergence (MACD) has slipped marginally into negative territory, reinforcing the idea of fading upside pressure as rallies stall beneath clustered EMA resistance.
On the topside, initial resistance is seen at the 50-day EMA at $1.129, ahead of the 100-day EMA at $1.215 and the horizontal barrier at $1.300. Higher up, the 200-day EMA at $1.421 and the distant horizontal line at $1.900 mark broader recovery levels that would need to be reclaimed to neutralize the current bearish structure.
On the downside, immediate support sits at the psychological $1.000 handle, where a firm break would expose deeper losses. At the same time, a sustained defense of this floor could underpin a corrective bounce toward the mentioned EMA caps.
XLM funding rates chart. Source: CoinglassXLM technical outlook: Weakening momentum indicatorsXLM price trades at $0.172 on Thursday, holding a bearish near-term bias as price remains below the 50-day, 100-day and 200-day EMAs clustered between roughly $0.185 and $0.196. The pair is hovering just under the 78.6% Fibonacci retracement at $0.173, suggesting topside attempts are being rejected near this pivot area, while the RSI around 38 and the MACD in negative territory both hint at weak recovery momentum and lingering downside risk.
On the topside, immediate resistance is located at the 78.6% Fibonacci retracement at $0.173, followed by the horizontal barrier at $0.177, with the EMA cluster at $0.185 and then the 200-day EMA at $0.196 reinforcing a broader supply zone ahead of the 61.8% Fibonacci retracement level at $0.200.
On the downside, key support is seen at the horizontal floor near $0.142, just above the cycle anchor at $0.139, where buyers would be expected to defend the broader uptrend.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Ripple and Aviva Investors have launched the first tokenised fund on the XRP (CRYPTO: XRP) Ledger Wednesday, marking the first tokenized fund structure approved by the Central Bank of Ireland.
What Did Ripple And Aviva Actually Launch?According to a press release, eligible investors with digital wallets get access to the same investment objective, risk profile, and regulatory protections as the conventional fund.
All assets are held by Bank of New York Mellon (NYSE:BK).
The fund targets low-risk returns and daily liquidity through exposure to high-grade U.S. dollar-denominated short-term debt instruments.
Komainu provided regulated institutional digital asset custody and Licuido supplied the tokenisation infrastructure for the launch.
“Aviva Investors has demonstrated that it is possible to bring a regulated, institutional-grade tokenised product to market on live infrastructure, with real investor protections in place,” said Nigel Khakoo, Senior Vice President of Trading and Markets at Ripple.
Why The XRP Ledger And Why It Matters?Aviva Investors CEO Mark Versey said tokenisation is a significant development for the investment industry and that the partnership with Ripple was crucial to bringing the product to market.
The XRP Ledger has processed more than 4 billion transactions since 2012, supports nearly 8 million active wallets, and runs on 130-plus independent validators.
The CBI approval is the more consequential milestone. A regulated fund structure on a public blockchain, cleared by a major financial regulator, gives other asset managers a template to follow rather than a concept to study.
Can XRP Break Above $1.09?XRP holds at $1.09, coiling at the apex of a descending triangle that has been compressing price since the June low.
Bollinger Bands have squeezed to their tightest point since the trend began, a setup that historically precedes a sharp directional move.
All four EMAs sit overhead as resistance: 20-day at $1.10, 50-day at $1.13, 100-day at $1.22, and 200-day at $1.41.
The triangle apex is days away. A break above $1.10 targets $1.14 and above. A break below $1.05 opens $1 fast. With the Bollinger squeeze this tight, the move in either direction will carry significant momentum.
Key levels for XRP:
$1.10 — 20-day EMA, breakout trigger $1.14 — Bollinger upper band, next resistance on a confirmed break $1.05 — Bollinger lower band and triangle floor, must hold $1 — psychological support below Image: Shutterstock
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First Tokenized Fund Live on XRPLAviva Investors, the asset management arm of UK insurer Aviva plc, has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger. The move is the first tokenization of an Aviva fund and the first live product to emerge from the firm's partnership with @Ripple, which was announced in February 2026.
The launch also marks the first tokenized fund structure approved by the Central Bank of Ireland. Aviva says this regulatory clearance sets a precedent for other asset managers looking to bring regulated, blockchain-based fund structures to market inside the European framework.
Eligible investors with digital wallets gain access to the same investment objective, risk profile, and regulatory protections as the conventional fund. The fund targets low-risk returns and daily liquidity through exposure to high-grade US dollar-denominated short-term debt instruments. All assets are held by Bank of New York Mellon (@BNYglobal).
Infrastructure and Broader Context Komainu provided regulated institutional digital asset custody and Licuido supplied the tokenization infrastructure for the launch. The combination of a regulated custodian and a dedicated tokenization layer was designed to meet the standards required for institutional-grade distribution.
Aviva Investors, the asset management arm of British insurer Aviva plc, used the XRP Ledger's infrastructure to convert conventional fund products into digital tokens. The manager oversees £246 billion in total assets. The collaboration is Ripple's first with an investment management business based in Europe, building upon the firm's significant experience working with financial institutions in other regions.
Major firms including BlackRock, Franklin Templeton, and Hamilton Lane have already introduced tokenized products, signaling a shift from pilot projects to live, regulated offerings aimed at institutional investors. Aviva's launch adds further weight to that trend, particularly given the Central Bank of Ireland's sign-off, which gives other European managers a working regulatory template to reference.
Aviva Investors CEO Mark Versey said tokenization is a significant development for the investment industry and that the partnership with Ripple was crucial to bringing the product to market.
Sources:
Ripple official press release: Aviva Investors partnership announcement
CoinDesk: Aviva Investors to tokenize funds on XRP Ledger
Benzinga: Ripple and Aviva launch first tokenized fund on XRP Ledger
Aviva Investors, the global asset management arm of UK insurance giant Aviva plc, has rolled out a tokenized share class for its US Dollar Liquidity Fund on the XRP Ledger, becoming the firm’s first tokenized investment fund and deepening its collaboration with Ripple.
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Launched in 2020, the Aviva Investors US Dollar Liquidity Fund is backed by high-grade US dollar-denominated short-term debt with custody provided by BNY Mellon.
The blockchain-based share class offers the same investment strategy, risk profile, daily liquidity and investor protections as the conventional fund while enabling more efficient fund operations through tokenization.
“Innovation has always been central to Aviva Investors’ heritage, and we believe that tokenization is a significant development within the investment industry,” said Mark Versey, CEO of Aviva Investors, adding that the firm expects the technology to enhance operational efficiency and deliver better outcomes for clients. He said Ripple played a key role in the launch and that the partnership will continue as the companies expand their work on tokenized funds.
The launch was enabled by regulated digital asset custodian Komainu and tokenization platform Licuido, and received approval from the Central Bank of Ireland in what the companies described as a regulatory first for tokenized fund structures.
“Aviva Investors has demonstrated that it is possible to bring a regulated, institutional-grade tokenised product to market on live infrastructure, with real investor protections in place. The XRP Ledger was built for exactly this kind of application, and we expect this launch to set a strong precedent for other asset managers looking to explore tokenised fund structures,” Nigel Khakoo, SVP for Trading and Markets at Ripple, commented.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
XRP has encountered notable volatility, with its price steadily retreating from $1.30 toward the $1 threshold over recent weeks. The token recently touched yearly lows, leaving many investors concerned as it diverges further from earlier expectations.
XRP projected to drop below $1Technical analyst ChartNerd, active as @ChartNerdTA, reiterated his bearish outlook for XRP, stating that the cryptocurrency will sweep below $1 in 2026. He pointed to multiple signals supporting this thesis, including the formation of a weekly EMA death cross in January 2026, rejections from the 20-week EMA in May, and unsuccessful attempts to reclaim resistance at $1.29 and $1.60. According to ChartNerd, these indicators suggest that bears have retained control throughout the year.
ChartNerd’s analysis has remained unchanged since at least June, reflecting his conviction that XRP will register one last low before any meaningful rebound. Supporting this view, several other market observers anticipate a continued correction ahead of a potential rally.
He commented that any immediate recovery would likely represent a short-term relief rally rather than a sustained reversal, highlighting the risk of a further decline during the final quarter of 2026. ChartNerd also set extended downside targets at $0.70, underscoring a prevailing cautious sentiment among many analysts.
ChartNerd has argued that the technical rejection at multiple resistance levels, combined with persistent bearish signals like the weekly EMA death cross, increases the probability of XRP falling below the $1 mark before a broader recovery can begin.
The XRP community has responded with a blend of skepticism and pragmatism to ChartNerd’s outlook. Some traders expressed interest in accumulating at lower prices if XRP’s decline continues, viewing a sub-dollar move as a buying opportunity. However, others questioned whether such price action would shake investor confidence and delay any major recovery effort.
Community discussions also highlighted concerns about the reliability of technical predictions, with several participants pointing out that conviction in a buying opportunity often diminishes when prices actually reach new lows.
One user argued that if XRP does break below $1, this could trigger a sharp reversal, potentially trapping those expecting prolonged declines. ChartNerd responded by stating that he would accept being wrong if proven otherwise and would adjust his position accordingly.
Analysts signal further correction before reboundAdditional analysts joined the discussion, reinforcing expectations of a final leg lower for XRP. CasiTrades identified $0.87 as her primary downside target, with an alternative level set at $0.93. Meanwhile, Dark Defender applied Elliott Wave analysis and also placed the correction’s end near $0.93.
Collectively, the perspectives from ChartNerd, CasiTrades, and Dark Defender indicate that the market could see another significant move down before any long-term upward trend emerges. The sustained technical pressure aligns with their view that a lasting recovery remains on hold for now.
At a period when many traders are focusing on the importance of close market monitoring and timely execution, platforms like 1stepSwap are gaining traction. 1stepSwap streamlines access to real-world assets, enabling users to buy shares of major U.S. companies or commodities such as gold and silver directly from their wallets. By aggregating market prices and facilitating transactions within seconds at the most competitive rates, investors can further diversify their portfolios without intermediaries or complex processes.
As XRP continues to move through key technical levels, market participants and analysts alike are watching for signs of a decisive bottom and monitoring whether the long-anticipated rally can eventually materialize.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple president Monica Long announced that institutional demand for both XRP and the company’s upcoming US dollar stablecoin, RLUSD, has reached unprecedented levels. The comments from Long, who oversees institutional partnerships at Ripple—a blockchain-based payments company—have caught the attention of investors and analysts across the sector.
Institutional demand at all-time highsEntrepreneur and Bitcoin advocate Lark Davis emphasized Long’s remarks, noting her observation that current institutional interest is “nothing like we’ve ever seen.” Davis pointed out that Ripple’s unique position allows it to gauge such trends firsthand. He commented that despite such significant demand, the price of XRP has not yet reacted in line with these developments.
Ripple president Monica Long described institutional demand for XRP and RLUSD as ‘unprecedented,’ signaling that interest surpasses anything in Ripple’s previous experience.
Long’s statements carry notable weight within the industry, especially considering her leadership in institutional outreach. Ripple is widely recognized for its integration with major financial entities and as a key player in advancing blockchain-based cross-border payments.
RLUSD, the new stablecoin introduced by Ripple, aims to facilitate instant payments and liquidity between institutions, leveraging blockchain technology to provide faster and more secure settlement compared to traditional systems.
Mini dictionary: RLUSD, Ripple’s US dollar-backed stablecoin designed for enterprise use, is intended to offer fast, reliable, and regulated digital settlements.
Why price has yet to reflect demandDavis explained that the lag between growing institutional interest and price action is mainly due to the nature of institutional operations. Large institutions require extensive internal processes such as board approvals, compliance verification, legal assessments, and secure custody setups before deploying capital into digital assets.
He added that while demand is present and in progress, it takes considerable time for institutions to fully participate. Unlike retail traders, institutional investors do not act on short news cycles. Their onboarding trajectory often extends over months or even years.
Demand is real and already in the pipeline. Institutions move through complex, structured approval processes, which means market reactions can be significantly delayed.
Davis also cited broader market conditions as a factor. He observed that the current bear market has generally slowed price responses to positive news, with suppressed trading volumes and muted reactions across the board.
Potential impact on XRP and RLUSDLong’s insight comes from direct visibility into Ripple’s institutional relationships. Her assessment suggests a build-up of demand behind the scenes, with negotiations and partnerships progressing that have not yet produced visible market moves.
Davis highlighted that in previous cycles, a similar dynamic occurred where prices remained stable until institutional flows reached the open market. Once onboarding is complete and large-scale capital enters, there could be significant price action in both XRP and RLUSD.
The timeline for these developments remains uncertain, as retail investors often move out before institutional allocations appear. Davis stressed that strategically positioning ahead of institutional inflows may be key for participants tracking the next phase of market growth.
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.
Gerber, an Ohio-based registered investment adviser managing $592 million in assets, has disclosed a fresh XRP position, according to a recent SEC filing.
The firm holds 12,958 shares of the Franklin XRP exchange-traded fund ETF.
Series of institutional disclosuresGerber's filing follows several other notable 13F disclosures from investment advisers across the United States.
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On July 17, Gallacher Capital Management LLC reported a new position in the Canary XRP ETF (XRPC). It disclosed ownership of 86,744 shares valued at approximately $961,126.
One day earlier, Vista Finance LLC revealed one of the largest institutional XRP ETF positions disclosed so far. Its SEC filing showed ownership of 129,958 shares of the Franklin XRP ETF ($11.45 million at the time of the filing).
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Meanwhile, CPR Investments, a Michigan-based registered investment adviser, disclosed on July 15 that it had established a position in the ProShares Ultra XRP ETF, reporting ownership of 36,619 shares valued at approximately $363,627.
Of course, these holdings remain relatively modest compared with positions commonly seen in Bitcoin ETFs, but it shows that XRP is steadily becoming more popular with investment advisors.
ETF inflows remain positiveThe institutional disclosures have coincided with continued inflows into U.S. spot XRP ETFs.
The latest daily figures show 532,500 XRP of net inflows on July 27, following 5.09 million XRP on July 21, 2.27 million XRP on July 20, and 6.10 million XRP on July 16.
As of the latest update, the combined XRP ETF market has approximately $683.66 million in assets, with the Bitwise XRP ETF leading the sector at roughly $243 million. It is followed by the Canary XRP ETF with nearly $223 million and the Franklin XRP ETF with approximately $167 million.
Gerber, an Ohio-based registered investment adviser overseeing $592 million in assets, has disclosed a new investment in XRP through a recent filing with the US Securities and Exchange Commission (SEC).
Institutional advisers report new XRP ETF positionsGerber reported holding 12,958 shares of the Franklin XRP exchange-traded fund (ETF), highlighting a fresh move by investment advisers to enter the XRP ETF market. The Franklin XRP ETF is one of several newly launched regulated funds designed to track the price of the XRP digital asset.
On July 17, Gallacher Capital Management LLC, another SEC-registered investment adviser, announced a new position in the Canary XRP ETF (ticker: XRPC). Gallacher disclosed ownership of 86,744 shares valued at about $961,126 at the time of reporting.
One day earlier, Vista Finance LLC reported one of the largest institutional XRP ETF positions to date. The firm’s own SEC filing revealed 129,958 shares of the Franklin XRP ETF, which equaled $11.45 million when the filing was made.
Vista Finance LLC reported one of the largest institutional holdings in the Franklin XRP ETF to date, disclosing ownership of 129,958 shares worth $11.45 million at the time of filing.
Meanwhile, CPR Investments, a Michigan-based investment advisory company, established a position in the ProShares Ultra XRP ETF, which offers leveraged exposure to XRP prices. CPR reported ownership of 36,619 shares valued at around $363,627 as of July 15.
Mini dictionary: ProShares Ultra XRP ETF, a leveraged exchange-traded fund that provides double (2x) the daily return of XRP, designed for experienced investors seeking amplified price movement on short-term trades.
While these investments are still small in comparison to positions commonly seen in Bitcoin ETFs, they reflect a gradual increase in interest from institutional investment advisers in the XRP market.
XRP ETF market sees steady inflowsNet inflows to XRP ETFs have been consistent throughout July. Most recent data show 532,500 XRP of net inflows recorded on July 27, following 5.09 million XRP on July 21, 2.27 million XRP on July 20, and 6.10 million XRP on July 16.
Total assets under management (AUM) in the XRP ETF sector now stand at around $683.66 million. The Bitwise XRP ETF leads the sector with approximately $243 million in AUM, followed by the Canary XRP ETF at nearly $223 million and the Franklin XRP ETF at about $167 million.
ETF NameAssets Under Management (AUM)Bitwise XRP ETF$243 millionCanary XRP ETF$223 millionFranklin XRP ETF$167 millionThe rising participation of institutional advisers in these funds is contributing to the sector’s steady expansion, although it still trails behind the size and liquidity of leading Bitcoin ETFs for now.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Leading cryptocurrencies traded flat, while stocks sold off on Wednesday as investors digested the Federal Reserve’s policy decision and renewed Middle East hostilities.
Crypto Market RangeboundBitcoin traded in a narrow $63,000–$64,000 band on heavy volume, while Ethereum hovered around $1,900 in a similarly tight range. XRP and Dogecoin also moved sideways.
Nearly $400 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data
Bitcoin’s open interest rose 1.52% over the last 24 hours. That said, retail and whale derivatives traders on Binance remained net bullish on the leading asset.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.18 trillion, following a modest dip of 0.28% over the last 24 hours.
Stocks in Red After Fed’s Hawkish TiltStocks saw heavy sell-offs on Wednesday. The Dow Jones Industrial Average plunged 1,153.18 points, or 2.19%, to close at 51,594.14. The S&P 500 declined 1.52% to settle at 7,316.1, while the tech-heavy Nasdaq Composite fell 1.74% to end at 24,442.94.
The Federal Reserve left its benchmark interest rate unchanged, as widely anticipated, though three policymakers dissented, favoring a 25-basis-point hike. Traders now price in a 57% chance of a rate increase during the September meeting.
In other news, the U.S. military resumed its strikes against Iran after President Donald Trump vowed a severe response to an Iranian ballistic missile strike on American forces in the Middle East.
Whales Making Most of BTC’s CorrectionAli Martinez, a widely followed cryptocurrency analyst and trader, noted that whales were buying Bitcoin’s dip.
“While Bitcoin retraces, large holders have accumulated 29,075 BTC over the past week, a sign they’re positioning through the pullback,” the analyst added.
On-chain analytics firm CryptoQuant stated that Ethereum could be poised for an upside move, as the large-transfer spikes observed in recent months have given way to “historically low transfer volumes.”
“Lower supply is a positive signal for Ethereum, but weak demand continues to keep the price range bound. A new wave of institutional buying could be the catalyst for the next upward move,” the firm added.
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Grayscale, the crypto asset manager overseeing more than $35 billion in assets under management (AUM), has disclosed that CEO Peter Mintzberg plans to sell 2,611 shares of the company’s XRP ETF.
The filing comes as XRP trades near $1.09, raising questions about investor demand and the ETF’s weaker position in the market.
Grayscale CEO Peter Mintzberg filed a Form 144 notice with the SEC to sell 2,611 shares of the Grayscale XRP Trust ETF, trading under the ticker GXRP. Based on the filing value of about $53,395, the shares are worth roughly $20.45 each.
Mintzberg acquired the shares on Oct. 3, 2024, through a private purchase from the trust, well before GXRP became a listed spot XRP ETF.
The proposed sale would be handled on NYSE Arca through Cantor Fitzgerald.
Meanwhile, Mintzberg is also not the first Grayscale insider to reduce exposure to GXRP. Digital Currency Group founder Barry Silbert and Grayscale Chief Legal Officer Craig Salm filed notices to sell their pre-listing GXRP shares in January 2026, when the ETF was trading near $37.
While Mintzberg’s proposed sale is small, the wider movement in GXRP shares is more important for investors.
Regulatory filings from January showed GXRP had approximately 5.79 million shares outstanding. However, more recent filings indicate that figure has declined significantly.
Since ETF share redemptions typically require the fund to sell its underlying XRP holdings and reduce the number of outstanding shares, the drop may reflect weakening investor demand.
At the same time, GXRP is facing growing competition from newly launched U.S. spot XRP ETFs. While the broader XRP ETF market has grown to more than $971 million in net assets, Grayscale now holds only about 6% of the market, according to the Soso value data.
Even so, investor interest in XRP remains strong overall, with cumulative inflows across U.S. XRP ETFs surpassing $1.5 billion.
XRP Price Faces Key $1.12 ResistanceDespite the filing news, XRP price continues to rise 2.57% in 24 hours to around $1.09.
However, the technical picture remains cautious. XRP is trading below its 30-day and 200-day moving averages, while RSI sits near 40 and MACD is close to a bearish crossover.
A daily close above $1.12 could strengthen the recovery and put $1.50 back in focus. If XRP fails to break higher, continued ETF redemptions and weaker momentum could keep the token under pressure.
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The XRP Ledger has also implemented the fixCleanup3_2_0 amendment, which is another significant update in the network. The amendment received 85.71% validator consensus with 30 out of 35 trusted validators voting in favor of the amendment, with 5 validators opposing the proposal.
XRP Ledger Fix Amendment Is Live Now XRPScan data indicates that the amendment has now been activated, with XRPL version 3.2.0 as the minimum version needed to be compatible with the mainnet.
The update has an immediate impact on operators using software versions prior to that. XRPScan said, “The fixCleanup3_2_0 amendment is now active. With this, all nodes running version 3.1.0 and below are amendment blocked until they upgrade to 3.2.0. Please take action to ensure service continuity.”
The latest release is also very well received in the network data. There are currently 103 validators running version 3.2.0, that is 68.67% of all validators, and 543 nodes running version 3.2.0, 64.26% of all nodes. In comparison, version 3.1.3 is still used by 37 validators (24.67%) and 268 nodes (31.72%) meaning a lot of operators have already upgraded, and some are still upgrading.
fix amendment for the XRP Ledger just went live, now XRPL 3.2.0 is the new min version for main net.
the XRP Ledger just got better in a flip of the switch moment. pic.twitter.com/Vugr2Xq4PT
— Vet (@Vet_X0) July 29, 2026
The milestone was also noted by an XRPL dUNL validator Vet, who posted: “fix amendment for the XRP Ledger just went live, now XRPL 3.2.0 is the new min version for main net.” The validator added, “the XRP Ledger just got better in a flip of the switch moment.”
The alert comes after a previous warning issued by XRPL contributor Vet who wrote, “all nodes running XRPL versions below 3.2.0 will experience service interruptions.” Those nodes that have not been upgraded will not be able to continue to be compatible with the network following the amendment.
What Has Changed With The Update? It includes several bug fixes and enhancements to the infrastructure and developers. It also brings in the biggest protocol change in the release, XLS-0095. The XRP Ledger’s server software officially changes its name from rippled to xrpld as part of that change. The migration started on the 15th of June and changes to configuration paths, deployment scripts, metadata references and database directories for node operators.
The fixCleanup3_2_0 patch introduces correction of rounding and accuracy problems detected in the Single Asset Vaults and Lending Protocol on XRP Ledger. It also addresses some bugs in the Permissioned DEX and Permissioned Domains, which enhances the existing functionality without adding any new network features.
XRP is struggling to break above $1.20 despite a series of supportive developments, including spot ETF launches, expanding regulatory clarity in the United States, and Ripple’s push for broader adoption of its RLUSD stablecoin. Institutional interest in both regulated products and XRP’s technology has grown, yet the market price has not followed suit, leading to a wide range of future price predictions.
Institutional and Regulatory DriversRipple, the company behind XRP, has targeted large-scale enterprises and financial institutions instead of relying solely on retail trading. It has expanded the use of RLUSD, a stablecoin designed to enhance payments and settlements for businesses, and increased focus on cross-border payments and tokenization initiatives across the XRP Ledger network.
Spot XRP ETFs introduced earlier this year initially attracted high inflows, indicating strong appetite among traditional investors. However, inflows have slowed in recent weeks. Market observers attribute this deceleration not only to evolving demand but also to greater maturity in ETF trading dynamics.
In the regulatory sphere, progress on the proposed CLARITY Act is viewed as a significant catalyst by investors seeking clearly defined rules for digital assets in the United States. Meanwhile, Ripple’s regulatory approval in Luxembourg under the European Union’s MiCA framework has facilitated its operations across the European Economic Area.
Despite these positive signals, XRP continues to trade below previous highs, highlighting that improved fundamentals have yet to result in price expansion.
Mini dictionary: RLUSD is Ripple’s US dollar-backed stablecoin aimed at enterprise payments and settlements, intended to facilitate commercial use of the XRP Ledger. The MiCA framework is a European regulation standardizing rules for crypto-asset markets across the EU.
Technical Picture and Key LevelsFrom a charting perspective, XRP remains confined to a sideways consolidation pattern. The token peaked near $3.66 in mid-2025 before establishing lower highs and stabilizing at the $1.00 support level. This support has consistently attracted buyers, helping prevent steeper declines even amid broader market downturns.
Price LevelSignificance$1.00Key psychological support$0.85Major support if $1 breaks$1.20Primary resistance zone$1.40Area of previous heavy selling$1.60Main breakout levelAbove $2.00Defines trend reversalResistance remains strong between $1.20 and $1.60, with several rally attempts failing at these marks. For a sustained uptrend, analysts believe XRP needs to clear these zones decisively, which would likely require a significant catalyst rather than simply technical momentum.
Can Upcoming Catalysts Drive a Breakout?Investors are currently monitoring multiple factors to gauge whether fundamentals will translate into a price breakout. Key developments include the progress of the CLARITY Act, continued inflows into spot ETFs, and overall growth in on-chain activity from payment providers and financial institutions using the XRP Ledger.
While spot ETF inflows have moderated compared to the period following their introduction, analysts interpret this as part of a normalization process rather than a signal of fading confidence. Sustained institutional use could further support the case for higher valuations if transaction volumes on the network increase.
Market experts emphasize that a combination of ETF inflows, regulatory clarity, increased adoption of RLUSD, and broader crypto market momentum would be required to build sustained upward pressure on XRP price.
Analyst Forecasts: Diverging Expectations for 2026Forecasts for XRP’s 2026 performance vary widely, reflecting uncertainties around adoption rates, regulatory developments, and ETF appetite. Google’s Gemini AI has projected a potential range of $2.80 to $3.75 for XRP by year-end 2026, based on a scenario where multiple positive catalysts align. Other analysis platforms such as CoinCodex and Changelly suggest more conservative price targets between $1.35 and $1.84. Coinpedia offers the possibility of prices above $3.40 under sustained bullish conditions.
Source2026 OutlookMain AssumptionGoogle Gemini AI$2.80-$3.75Institutional adoption, network usage growthCoinCodex$1.84Gradual recoveryChangelly$1.35-$1.73Sideways consolidationCoinpediaUp to $3.40+Accelerated adoption and regulationRather than focusing on a single target, analysts encourage investors to assess the specific catalysts assumed in each forecast.
2026 Price Scenarios and ProbabilitiesTo reach $3, XRP would require an increase of about 170% from the current range around $1.08–$1.10. Historically, such gains in crypto markets often depend on simultaneously favorable developments, including regulatory approval, sustained inflows from institutional investors, broader network activity, and positive market sentiment.
ScenarioPrice RangeWhat Needs to HappenBull Case$2.80-$3.50Strong ETF inflows, CLARITY Act success, surging XRP Ledger useBase Case$1.20-$1.90Modest institutional growth, moderate adoption, resistance clearedBear Case$0.85-$1.00Regulation delayed, waning ETF demand, or crypto market correctionAt present, the base case scenario appears more likely, given the lack of a confirmed uptrend and ongoing struggles to surpass key resistance levels.
The path to $3 for XRP still relies on multiple accelerating trends: rising ETF flows, major regulatory advances, and broader adoption of enterprise solutions on the XRP Ledger.
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.
Grayscale CEO Peter Mintzberg has filed Form 144 with the U.S. Securities and Exchange Commission (SEC) to sell 2,611 shares of the Grayscale XRP Trust ETF (ticker: GXRP), with a total value of approximately $53,400, equivalent to $20.45 per share. Earlier, founder Barry Silbert and Chief Legal Officer Craig Salm submitted similar applications in January this year, when the per-share price stood at around $37, meaning Mintzberg’s current selling price is roughly 45% lower. Notably, GXRP’s outstanding share count has plummeted from 5.79 million to 2.84 million over the past six months, a roughly 51% drop, reflecting that redemption pressure has consistently outpaced subscriptions. Currently, the total net assets of U.S. spot XRP ETFs reach approximately $971.6 million, with GXRP accounting for around 6% of the total.
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AI teacher dreams dashed: US school district pulls plug on robot teacher program after developer’s sex robot ties spark controversy
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Amid crypto market uncertainty, Long DeFi highlights AI-driven analytics and automated strategies to help users navigate BTC and XRP market volatility.
Summary
Long DeFi promotes AI-powered cloud mining, highlighting automated hashrate management and daily crypto reward settlements. Long DeFi expands its AI-driven cloud mining platform with automated contracts, renewable energy, and multi-crypto support. The AI-powered cloud mining platform highlights automated mining services and renewable energy infrastructure for investors. Amidst the impact of inflation, major cryptocurrencies like BTC and XRP have been sluggish recently. Countless investors have watched their assets shrink, feeling utterly lost.
However, crisis often presents an opportunity! Long DeFi, leveraging its top-tier AI-powered precise computing power, through intelligent network-wide judgment and multi-dimensional analysis, provided real-time, accurate advice before the storm hit: hold (hashrate hedging) or sell (high-point hedging). This successfully helped users worldwide lock in funds and recover immeasurable wealth losses.
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The frenzy is counting down; don’t let wealth slip away
The bull market window in the crypto market never waits for anyone; wealth always belongs to those who are prescient and decisive. When XRP’s big rally is poised to take off, when Long DeFi. All technical and capital barriers have been cleared. The only thing separating anyone from financial freedom is the decision to start!
From $100 to tens of thousands of dollars, it’s not a myth, but the absolute inevitability of choosing the right path, timing moves perfectly, and reaping steady rewards! Take action now and start the wealth-creating miracle!
For more information, visit the official website.
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