Ripple CEO Brad Garlinghouse says the simplest crypto strategy right now is straightforward, buy the top five cryptocurrencies by market cap and hold them for the next five years. “You are going to do great,” he said. As of now, that top five includes Bitcoin, Ethereum, Tether, BNB and XRP, meaning Ripple’s own token sits inside the basket Garlinghouse is recommending.
On Solana, He’s Not Picking Sides
When asked why someone should choose XRP over Solana, Garlinghouse said he isn’t trying to convince anyone to pick one over the other. He revealed he personally owns a small amount of Solana and described himself as bullish on a range of cryptocurrencies for different reasons, not just XRP.
He credited meme coin activity for driving a significant amount of liquidity into Solana, saying that a lot of that activity has been built on top of the network. Garlinghouse said he doesn’t necessarily view Solana as a direct competitor to XRP, adding that it will likely come down to how each network’s ecosystem develops over time rather than one clearly beating the other.
A Basket Approach Over Picking Winners
Garlinghouse’s comments reflect a broader theme he has repeated in recent interviews, that he isn’t interested in convincing retail investors to bet everything on XRP alone. Instead, his advice leans toward diversification across the largest, most established cryptocurrencies rather than picking a single winner, even as the company he leads is built around XRP itself.
Garlinghouse said he expects both Solana and XRP to do well, with the outcome depending largely on how things play out for Ripple versus the Solana Foundation over time. He added that he doesn’t consider Solana a competitor and described himself as friendly with the people behind it, though he acknowledged there are other projects Ripple competes with more directly than Solana.
Story Ends Here
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XRP saw a 1522% liquidation imbalance after a sudden market selloff forced traders betting on a price increase to close out leveraged positions.
At the time of writing, XRP was down 8.18% in the last 24 hours after a sharp surge to $1.65 on September 23 quickly reversed, catching bulls off guard. The drop continued early Thursday, with the price reaching a low of $1.45 amid an ongoing selloff in the broader crypto market, which liquidated $610 million in positions over the past day.
XRP's price drop caught traders betting on an increase off guard. Over the last 24 hours, XRP saw a total of $31.48 million in liquidations, with longs accounting for the majority of this figure at $29.54 million while shorts came in at $1.94 million. The percentage imbalance between longs and shorts yields 1522%.
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XRP began to rise from a low of $1.24 on September 16, marking 6 out of 8 days in the green afterward. The rise also coincided with XRP's first golden cross on the daily chart this year. Bulls pushed XRP to $1.65 on Wednesday but could not sustain it above that level, with the price retreating.
Crypto market faces selloffAfter a stunning rally from the past week, the crypto market saw profit-taking, with most digital assets recording significant losses.
The crypto market drop coincided with Treasury yields trading at multi-decade highs as investor bets on another rate hike from the Federal Reserve mounted.
Recent economic data drove expectations of more rate hikes, with traders pricing in a more-than-75% chance that the Federal Open Market Committee will increase rates again at its October meeting.
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Speaking in London on Thursday, New York Federal Reserve President John Williams said it would be "reasonable" to expect another Fed interest rate hike by the end of the year.
XRP's deep negative MVRV puts recovery in focusAccording to onchain analytics platform Santiment, XRP is flashing a deep long-term MVRV discount, with its 365-day MVRV at around -11.75%.
Lower MVRV usually means less downside risk. When most holders are already underwater, there are fewer profitable traders waiting to sell.
Buying during that pain has historically offered better long-term setups. Despite the recent market rebound, average long-term XRP holders are still deep in the red, signaling more room to recover if demand continues to improve.
Dom Kwok, co-founder of EasyA, recently addressed a question he says is frequently raised within the cryptocurrency community: will the price of assets like $XRP rise slowly over time, or could it surge abruptly? Drawing on his academic studies at the Wharton School, Kwok supported the latter scenario, pointing to the technology adoption S-curve as a key factor that could influence how digital asset prices develop.
Technology adoption S-curve and crypto marketsKwok explained that the technology adoption S-curve offers insight into both the pace and pattern of crypto adoption and its potential effect on valuations. According to this model, innovative technologies typically see sluggish adoption in the early years, with usage limited to a small group of early enthusiasts.
Highlighting parallels to the initial rollouts of the internet and television, Kwok described how these technologies were initially embraced by only a select group of users within society. He noted a similar trend in the current state of cryptocurrency adoption, which in his view, has yet to spread significantly beyond a committed base of early adopters.
As technology usage expands past this initial group, incremental adoption pushes the sector toward what Kwok referred to as a critical mass. At this stage, the user base reaches a sufficient size to support much broader growth.
Kwok described how the most common question he receives is whether prices will increase gradually or skyrocket all at once. He responded that price action will likely surge rapidly once adoption accelerates along the S-curve.
Mini dictionary: Technology adoption S-curve – A concept from innovation theory depicting how a new technology gains traction over time, starting slowly, then accelerating sharply once it reaches critical mass, before eventually leveling off as the market matures.
Network effects and the path to accelerationKwok emphasized the significance of reaching critical mass within the S-curve, explaining that adoption tends to become more self-perpetuating from this point onward. Network effects, where each new user increases the utility and appeal for future adopters, can fuel rapid growth.
He described this phase as a period of sharp, upward movement. In this scenario, usage and demand can surge as the technology becomes mainstream, potentially triggering significant price increases due to constrained supply and rising interest.
Kwok argued that once crypto assets like $XRP advance far enough along the S-curve, market conditions may align for an abrupt rally rather than steady, incremental gains. He suggested that price growth could accelerate substantially after mainstream participation increases, rather than reflecting a slow upward trend throughout the adoption process.
Kwok applied the S-curve model to digital assets, stating that crypto prices could “skyrocket at once” as adoption achieves a tipping point and demand surges while supply remains limited.
EasyA’s mission and outlook on mainstream crypto adoptionBeyond the S-curve discussion, Kwok compared crypto’s potential trajectory to that of other game-changing technologies, such as the internet and television. He noted that these technologies are now integral to daily life, and few people remain outside their respective networks, predicting that cryptocurrencies could follow a similar expansion path in the coming years.
Although he acknowledged that digital asset adoption is still in its early stages, Kwok expects substantial change as the sector nears critical mass. He positioned EasyA, a company developing educational tools for blockchain and decentralized technologies, as an active force in driving greater user participation within the industry.
EasyA is known for its focus on advancing crypto adoption by providing resources, events, and technical challenges that engage both new and experienced developers.
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Another sign that network activity is picking up speed is the sudden spike in new account creation reported by XRP Ledger. In September, 11,432 new accounts were activated, according to XRPScan data, as opposed to just about 2,700 on a 30-day average.
Unexpected surge of new walletsThis means that the most recent reading is more than four times higher than the average. The 24-hour increase displayed on XRPScan's dashboard is 245.1%, but the absolute figure is about 323% higher than the 30-day baseline. In other words, XRPL has unexpectedly seen activity on a scale several times higher than usual, depending on the comparison point.
Source: XRP LedgerIt's not immediately clear where the spike came from. Exchange infrastructure, wallet migrations, applications onboarding users, or general speculative activity can all lead to large account-creation events. The data by itself cannot determine the cause of the increase unless the entities responsible for the activations are identified.
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Largest surge in agesThough it is still below the displayed all-time high of 30,600 and the roughly 15,000 peak recorded earlier in 2026, the most recent 11,432-account reading is one of the biggest spikes seen over the past year. Additionally, the increase coincides with notable fluctuations in the price of XRP.
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After being constrained since late August, XRP recently broke above a declining resistance line. Before sellers forced it back toward $1.46, the breakout took XRP from about $1.40 to a local high of about $1.65. From a technical standpoint, that pullback now tests the breakout.
The 200-day moving average is positioned somewhat lower near $1.36, while the former declining resistance is located between $1.39 and $1.40. The larger recovery structure is intact as long as XRP stays above this cluster. The first level that XRP needs to recover is $1.50 on the upside.
The main resistance targets above it are $1.57 and the most recent $1.65 peak. Although the account-creation spike adds an intriguing fundamental element, it shouldn't be taken as a sign of bullish XRP demand. After this remarkable one-day spike, it will be important to see if the elevated XRPL activity continues or swiftly returns to its roughly 2,700-account monthly average.
Dan Morehead, founder and CEO of investment firm Pantera Capital, recently drew attention to Ripple’s ambitions in the global payments sector, referencing the company’s efforts to compete with SWIFT during a CNBC Squawk Box segment. Morehead’s comments offered new context for supporters of both Ripple, a San Francisco-based fintech company specializing in cross-border payment solutions, and the cryptocurrency XRP.
Morehead compares Solana and Ripple’s payment strategyDuring the televised discussion, Morehead addressed the topic of blockchain networks delivering specialized capabilities. He pointed to Solana’s transaction processing capacity, stating that the network could handle as many as 9 billion transactions daily. By comparison, he suggested this figure outpaces the volume of activity seen across all capital markets combined.
As the conversation shifted to other blockchain use cases, Morehead highlighted Ripple’s strategy in targeting SWIFT, the established global financial messaging service that facilitates international payments for banks worldwide. Morehead remarked, “There might be other use cases, you know, like Ripple’s going after SWIFT.”
Morehead identified Ripple’s pursuit of SWIFT’s market as an example of how blockchain platforms are exploring niche functions in the financial industry.
He also described Bitcoin as “digital gold” and singled out Solana for its technical performance. The segment examined how newer networks may challenge the dominance of established protocols by offering tailored solutions in fields like payments and finance.
Crypto commentator Amelie, who shared Morehead’s remarks on X, interpreted the CNBC segment as validation for her optimistic outlook on XRP. She wrote that even mainstream business channels now recognize Ripple’s direct competition with SWIFT, tying the development to her expectation of a strong future for the cryptocurrency.
Mini dictionary: SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a cooperative founded in 1973 and provides a standardized messaging platform that enables secure international payments between thousands of banks globally.
The conversation also sparked responses from prominent XRP supporters on X, including the user known as $XRPARMY. In their reply, $XRPARMY referenced previous years when business media covered Ripple’s growing presence as a possible SWIFT alternative, particularly between 2017 and 2020.
$XRPARMY recalled that progress slowed after the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. This regulatory action placed sustained pressure on XRP and affected its role in the digital asset ecosystem.
After the conclusion of the SEC case, $XRPARMY emphasized that Ripple continued to expand its payments infrastructure throughout the legal dispute, describing the current period as a renewed phase in Ripple’s development that had previously been interrupted.
The SEC lawsuit has since concluded, signaling a new stage for Ripple as it advances its payment technology and deepens its focus on financial institutions seeking cross-border solutions.
Ripple’s role in global payments sectorWhile Morehead’s remarks do not indicate that Ripple has overtaken SWIFT, they reinforced the perception that Ripple’s targeted approach to payments remains a leading blockchain use case. This distinction serves as a point of debate in the investor community regarding the long-term prospects for XRP and the relationship between Ripple’s business activities and the utility of the digital asset.
Supporters like Amelie continue to frame the latest developments as confirmation of XRP’s strategic importance, while others stress the importance of separating Ripple’s enterprise offerings from the independent value of XRP. Nevertheless, Morehead’s comments have reignited discussions around Ripple’s ambitions and how new technologies might reshape international payments.
XRP’s breakout from its descending channel delivered a strong rally, but the move has now met substantial selling pressure at a major resistance area. The resulting pullback puts the recent breakout to the test, with the next reaction around former resistance likely to be important for the short-term structure.
Ripple Price Analysis: The Daily Chart On the daily chart, Ripple’s XRP remains structurally stronger following its sharp rebound from the $1.27 region. The asset rallied rapidly toward the major $1.61-$1.70 resistance zone, briefly entering this area before sellers stepped in aggressively.
The rejection has pushed XRP back toward $1.47, showing that supply around $1.61-$1.70 remains significant. Nevertheless, the broader recovery structure has not yet been invalidated. The price remains well above the moving averages, with the higher one currently positioned around $1.27 and potentially acting as an important dynamic support if a deeper correction develops.
For buyers, reclaiming $1.55 and eventually breaking through the $1.61-$1.70 resistance zone would be required to resume the bullish leg. Conversely, continued selling could lead to a broader retracement, with the $1.40 area becoming relevant before the more substantial $1.27 region comes back into focus.
XRP/USDT 4-Hour Chart The 4-hour timeframe provides a clearer view of the current retest. XRP successfully broke above the descending channel that had contained the price action for several weeks and subsequently accelerated toward $1.65. However, the rally was rejected almost immediately after entering the $1.61-$1.69 supply zone.
The resulting correction has now brought XRP back toward the $1.42-$1.45 demand zone. Crucially, this area overlaps with the former descending channel resistance, creating a potential breakout-retest setup.
Therefore, the reaction around $1.42-$1.45 could determine the next short-term move. If buyers defend this zone and price establishes support above the broken trendline, the recent decline could simply represent a healthy retest before another attempt toward $1.60-$1.65.
On the other hand, a decisive breakdown below the $1.42 area would weaken the breakout structure and increase the likelihood of a deeper correction. In that case, attention could shift toward the $1.28-$1.22 major demand zone, where XRP previously attracted strong buying pressure.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Franklin Templeton’s XRP ETF (XRPZ) has moved ahead of Canary Capital’s XRPC to become the second-largest XRP ETF by cumulative inflows.
The recent development came after XRPZ recorded $6.5 million in inflows on Sept. 23, being one of only two XRP ETFs to record inflows that day, as the broader XRP ETF market attracted a combined $18.04 million.
Franklin’s XRPZ Overtakes Canary’s XRPC The latest inflow pushed XRPZ’s cumulative inflows since launch to $491.7 million, leaving the fund just $8.3 million short of the $500 million mark.
Franklin XRP ETF Overtakes Canary Capital XRP ETF | Source: Sosovalue For context, Bitwise’s XRP ETF (XRP) became the first spot XRP ETF to reach $500 million in cumulative inflows in July and remains the only XRP fund to have crossed this level so far. Franklin’s fund is now approaching the same milestone.
While Franklin Templeton’s XRPZ saw $6.5 million worth of inflows on Sept. 23, Canary’s fund saw zero inflows, a development that allowed XRPZ to overtake it. Currently, Franklin Templeton’s $491.7 million cumulative flows surpass the $489.37 million recorded by XRPC.
Being the first pure spot XRP product to launch in the U.S., Canary’s XRPC held the top spot among spot XRP ETFs by cumulative inflows for months before Bitwise took the lead earlier in 2026. Franklin has now moved ahead of Canary to claim second place.
Bitwise Continues to Lead XRP ETF Market Although Franklin’s ETF has recorded several days with zero inflows, it has managed to avoid an intraday outflow since March 2026. Its largest single-day inflow of the year came on May 11, when investors added $13.62 million to the fund.
Bitwise, meanwhile, continues to lead the XRP ETF market in both cumulative inflows and total net assets. Its XRP ETF recorded another $11.54 million in inflows on Sept. 23, taking its cumulative inflows to $649 million.
Bitwise and Franklin were the only two XRP ETFs to record inflows that day, with their combined $18.04 million accounting for the entire market inflow.
At $649 million, Bitwise now has nearly $158 million more in cumulative inflows than Franklin’s $491.7 million. It also leads Canary’s XRPC by about $160 million, with Canary holding $489.37 million.
XRP ETF Inflows Reach a New High The $18.04 million that entered XRP ETFs on Sept. 23 pushed total cumulative net inflows across the market to $1.75 billion, setting a new all-time high. Total net assets have also increased to $1.65 billion.
At this level, XRP ETFs now account for 1.77% of XRP’s market capitalization. The latest figures show that the overall ETF market continues to attract capital, even though individual funds have recorded different flow patterns.
XRP ETF Monthly Flows | Source: Sosovalue September has so far brought $79.91 million in XRP ETF inflows. This puts the month on track to become the third-best month of 2026 for XRP ETF inflows. August currently leads with $159.18 million, while May ranks second with $131.94 million.
XRP Ledger recorded a significant increase in network activity during September, highlighted by a sharp surge in new wallet registrations. XRPScan, a well-known blockchain explorer for XRP Ledger, reported 11,432 new accounts were activated throughout the month. This figure stands in stark contrast to the network’s preceding 30-day average of just about 2,700 new accounts.
Account creation spikes to annual highsThe recent activity marks one of the most pronounced jumps in account creation for XRP Ledger over the past year. September’s total of 11,432 new accounts is over four times the prior 30-day average, demonstrating a 323% rise over the baseline. The 24-hour increase tracked on XRPScan’s dashboard reached 245.1%, according to the most current data.
Despite this dramatic jump, the number of new accounts remains below the all-time high of 30,600 and the more recent peak of around 15,000 recorded earlier in 2026. Still, the current figure is notable as one of the highest single-month readings seen since then.
The spike’s exact origin remains unclear, as neither XRP Ledger Foundation nor any major exchange provided clarification on what drove new wallet creation. Such increases can be associated with several causes, including exchange infrastructure upgrades, wallet migrations, increased onboarding through new applications, or surges in speculative market activity. Without information identifying specific entities responsible for the rise, the exact trigger remains undetermined.
Mini dictionary: XRPScan, a leading blockchain explorer and analytics platform for the XRP Ledger, provides real-time transaction, wallet, and on-chain activity data for the XRP ecosystem.
XRP price action and key support levelsThe jump in account activations has coincided with volatile price movements in $XRP. After a stagnant period since late August, the cryptocurrency broke above a prior declining resistance line. This upward move took XRP from about $1.40 to reach a local high near $1.65, before sellers drove the price back to $1.46.
Currently, technical analysis points to the 200-day moving average near $1.36 as a key lower support, alongside the former declining resistance band between $1.39 and $1.40. Market watchers describe the larger recovery trend as intact as long as XRP holds above these thresholds. To confirm further upside, the price must first reclaim the $1.50 mark, while the next points of resistance are set at $1.57 and the recent $1.65 top.
MetricValueComparisonNew accounts (September)11,4324x higher than 30-day avg.30-day average2,700BaselineAll-time high30,600Recorded previouslyPeak in 2026~15,000Earlier in the yearXRP price local high$1.65This monthCurrent support$1.36 – $1.40200-day MA & resistanceNext resistance$1.50, $1.57, $1.65Upside targetsAnalysts note that despite the remarkable jump in account creation, this metric alone cannot be interpreted as a direct indicator of renewed buying interest or a solid uptick in broader XRP demand. The fundamental significance of the sudden increase remains uncertain and will depend on whether this heightened activity persists or reverts to the typical baseline.
Activity on the XRP Ledger soared in September, with new accounts spiking more than 300% above previous trends. The cause behind this unusual surge has yet to be clearly identified, highlighting the need for ongoing monitoring to determine if this represents a temporary anomaly or a deeper trend in network participation.
Doppler Finance, a platform offering yield products for XRP holders, has announced that its XDP token will go live on September 28, 2026.
The project disclosed the date in an announcement on X, stating: “September 28, 2026. $XDP goes live.” It described the token as built for the capital markets of the tokenized era.
September 28, 2026.$XDP goes live.
Built for the capital markets of the tokenized era. pic.twitter.com/1QvqAHDSUr
— Doppler Finance (@doppler_fi) September 24, 2026
XDP Utility and Token Distribution Doppler formally introduced XDP on August 26. According to the project, users will be able to stake the token to become eligible for selected benefits, potentially including advanced vault strategies, priority access to new products and ecosystem campaigns.
Broader governance remains subject to implementation. Planned decision-making areas include protocol parameters, treasury initiatives, and incentive budgets. A separate Safety Module is intended for a future phase, allowing eligible participants to commit staked XDP to coverage pools while accepting defined risks in exchange for potential incentives.
According to Doppler Finance, XDP has a fixed total supply of 10 billion tokens. Of this amount, 43%—or 4.3 billion XDP—is allocated to ecosystem development and incentives, while 1%, or 100 million XDP, is reserved for the Genesis Airdrop.
Doppler finace token supply and distribution The project’s airdrop announcement states that eligible recipients’ allocations will be fully unlocked at the token generation event. Eligibility covers qualifying participants from Doppler Points Seasons 1 and 2, alongside other activities meeting the program’s criteria.
XRP Ledger and Base Deployment Plans Doppler outlined its cross-chain token plans in July, saying XDP would be deployed across both Base and the XRP Ledger. However, it specified that governance would initially launch on Base before expanding to the XRP Ledger ecosystem. Eligible airdrop participants were consequently required to register a Base wallet address.
That distinction means the announced token launch should not be read as confirmation that every planned XRP Ledger integration or governance feature will be available immediately. Doppler’s published roadmap separates initial token utility from subsequent governance and safety functions.
The Genesis Airdrop registration window has already closed. Doppler set the deadline for July 30 at 12:00 p.m. UTC and subsequently confirmed that registration had ended. Its program rules also state that submitting a wallet address does not, by itself, guarantee an allocation.
XRP Yield Products Anchor Doppler’s Expansion Doppler’s existing XRP Vault accepts deposits directly from the XRP Ledger and offers returns denominated in XRP. Its documentation states that the vault currently generates yield through strategies involving institutional custody and selected centralized platforms, rather than on-chain yield strategies. The project also identifies custody, counterparty, and market risks, including potential losses.
The XDP launch announcement follows two expansion initiatives disclosed in July.
On July 13, Doppler announced a strategic partnership with SBI Digital Finance to develop institutional XRP finance in Japan. The companies outlined cooperation on XRP and digital-asset infrastructure, institutional products, and tokenized financial services.
On July 29, Doppler announced plans to extend its infrastructure to Base, initially focusing on Coinbase Wrapped XRP, or cbXRP. The project described that expansion as a phased rollout, with additional tokenized assets and product details to follow.
In This Article XRP's Wild Week: From $1.29 to a Brief Tap of $100BnBitwise Leads the ETF Charge While On-Chain Activity SpikesWhat Traders Are Watching Next for XRP Ripple: $1.60 and $2 XRP Ripple briefly pushed its market capitalization back above $100Bn on Tuesday, September 22, before profit-taking dragged the token below that threshold later in the session.
The milestone mattered because it landed alongside a reported wave of ETF buying and a sharp rebound from a slide toward $1.29 just a week earlier. Here is the tension worth unpacking: strong institutional demand met a market that still wasn’t ready to hold new highs.
XRP traded between $1.54 and roughly $1.66 during the session. At the time of writing, the token sits at $1.49, down a sizeable -7.8% over the past 24 hours, according to CoinGecko data. Its market capitalization had settled back to about $92Bn, keeping it the fifth-largest cryptocurrency by that measure.
For readers newer to the space, XRP is the native token of the XRP Ledger, a blockchain network associated with Ripple, the company best known for building cross-border payment infrastructure used by banks and remittance providers.
XRP’s Wild Week: From $1.29 to a Brief Tap of $100Bn $XRP whales are forming a strong support lines around $1.45.
On the other hand, a sell wall exists at $1.55. If it break through this, there are another sell walls exist at $1.68–$1.70 range. pic.twitter.com/AGJFyjt6mZ
— CW (@CW8900) September 24, 2026
The rebound follows a rough stretch. XRP slid to around $1.29 a week earlier after the US Senate failed to advance the CLARITY Act, a crypto market-structure bill whose defeat rattled sentiment across the sector.
From that low, the token has now gained nearly +14% over seven days, slightly outpacing the broader crypto market’s roughly +13% weekly rise, according to figures reported by TheStreet.
That outperformance is notable given how far XRP still has to travel. Even with the rally, the token remains about 57% below its all-time high of $3.65, a reminder that a brief run past $100Bn in market cap is a milestone, not a reclamation of prior glory.
Recent institutional ETF activity has drawn attention, and coverage of XRP ETF inflows holding up during price weakness suggests interest has been building for weeks, not days.
A $100Bn market cap, even briefly, was a notable milestone for XRP. That is part of why the milestone drew attention even though it didn’t stick.
Bitwise Leads the ETF Charge While On-Chain Activity Spikes
(SOURCE: CoinGlass)
Institutional flows appeared to influence Tuesday’s XRP price spike, although they weren’t the sole cause. US spot XRP ETFs attracted over $20M, driven mainly by Bitwise, which added $19.17M in a single day, bringing its fund to around $615M in net assets and making it the largest XRP ETF.
Over the past week, spot XRP ETFs recorded about $9.56M in net inflows, continuing a streak of 10 weeks of positive flows, totaling between $1.71Bn and $1.72Bn.
On-chain activity reflected this price movement, with 1,917 XRP transactions over $100,000 on Tuesday, the highest in a month, and 3,647 new wallets created.
This surge signals more large-value transactions, though it doesn’t confirm that large holders were accumulating rather than moving assets.
Have a Gut Feeling? It Pays on Polymarket
What Traders Are Watching Next for XRP Ripple: $1.60 and $2 With the $100Bn market-cap milestone now in the rearview mirror, attention shifts to two specific price levels. With XRP now trading around $1.47, traders are watching whether it can quickly reclaim $1.50 and hold it before moving back toward $1.60.
If $1.60 is reclaimed and held, this could build momentum toward the psychologically significant $2 level. Neither level is a guarantee, and both should be read as watchpoints rather than forecasts. The path there likely depends on whether the reported ETF demand from firms like Bitwise persists beyond a single strong session.
It also depends on whether Santiment’s large-transaction and new-wallet counts stay elevated, and whether XRP can avoid another sharp pullback like the one that followed the CLARITY Act vote last week.
For now, the fifth-largest cryptocurrency by market capitalization has proven it can touch $100Bn again. Whether it can stay there is a different question entirely, and one that this week’s profit-taking already answered in the near term.
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XRP continues to experience a divergence between market price performance and institutional product inflows, with the latest data highlighting significant increased investment in XRP exchange-traded funds. Despite a recent price decline, interest from institutional investors remains steady, further spotlighting XRP’s evolving position in the digital asset market.
Institutional inflows rise despite XRP price weaknessData from crypto market analyst X Finance Bull shows that spot XRP ETFs have recorded $61.87 million in net inflows in September. Total cumulative inflows to date have reached $1.73 billion. This robust investment activity persists even as the value of XRP faces increased selling pressure and price corrections.
Investor demand for XRP-backed products has continued regardless of weak spot prices. While ETF inflows often reflect positive sentiment from institutional players, they do not always correspond with immediate price recoveries.
The current gap between strong ETF inflows and XRP’s falling spot price has drawn the attention of analysts and traders alike. At present, XRP is trading at $1.50, with a 24-hour trading volume of $7.05 billion and a market capitalization standing at $94.53 billion. Over the last 24 hours, XRP’s price has declined by 7.32%.
MetricValueCurrent Price$1.5024h Volume$7.05 billionMarket Cap$94.53 billionSeptember ETF Inflow$61.87 millionTotal ETF Inflow$1.73 billion24h Price Change-7.32%Technical analysis identifies key resistance and supportCrypto analyst CRYPTOWZRD recently noted that XRP closed below a major resistance at $1.5300, indicating a bearish short-term outlook. According to CRYPTOWZRD, reclaiming this resistance could help XRP regain momentum, but continued failure to break above $1.5300 may lead to heightened volatility.
On the support side, CRYPTOWZRD identified $1.4400 as an important level. Should XRP maintain this support, it could begin to stabilize; however, dropping below $1.4400 might trigger further selling pressure.
X Finance Bull emphasized that increased ETF inflows are still visible even as technical indicators remain negative for spot prices. CRYPTOWZRD highlighted that the $1.5300 resistance and $1.4400 support are crucial thresholds for XRP’s upcoming price action.
At the current price of $1.50, XRP remains between these two technical levels, with traders closely monitoring for a potential breakout or breakdown.
CFTC advances crypto regulation initiativesIn the regulatory arena, Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), stated that the agency is using its existing authority to establish a comprehensive regulatory framework for crypto assets in the United States. Selig underscored the CFTC’s commitment to shaping new rules for the digital asset industry, following calls from the White House for clearer guidelines.
The CFTC’s latest initiatives could have wide implications for crypto exchanges, financial products, and the broader digital asset ecosystem. Regulatory clarity remains significant for the XRP market, particularly given growing institutional participation through spot ETFs.
Ripple’s XRP, launched in 2012, is a digital asset designed for fast cross-border payments and is at the center of both market innovation and ongoing legal scrutiny.
Mini dictionary: Commodity Futures Trading Commission (CFTC), a US government agency responsible for regulating derivatives markets, including futures and options, and increasingly focusing on digital assets amid evolving market structures.
With contrasting trends between inflows and price, market participants are watching for further moves in both the regulatory space and spot markets.
XRP whales on Coinbase have placed large sell orders as high as $31, creating a wide range of potential resistance above the token’s current price.
Analyst CW shared an order-book snapshot showing XRP at $1.4930, with mild intraday weakness. Trading volume stood at 21.056 million, indicating moderate activity at the time.
XRP Sees Sell Walls Up to $31 The chart showed large sell orders starting around $5 and continuing up to $31. The orders became more concentrated between $10 and $15, while another major group appeared between $25 and $31.
Large XRP Orders Binance whale sell orders reached $15, while Coinbase whales placed orders as high as $31. In some of CW’s more recent updates, sell walls from both exchanges have reached as high as $33.
This confirms that XRP currently trades far below the main resistance areas. At $1.4930, XRP remains less than 10% of the way to the first major sell wall around $5.
The full range of sell orders also stretches to roughly 20 times the current price. If XRP begins another strong rally, buyers will need to work through these layers of supply one by one.
$1.40 Buy Wall Could Support XRP While large sell orders sit above XRP, the token now sees a new buy wall around $1.40. This level could provide support if the selling pressure continues. In addition, sell orders appear at every $0.10 level, which gives XRP several smaller resistance points before it reaches the larger whale sell walls.
Futures data also shows strong bullish positioning in some parts of the market, as XRP has struggled to move higher. Specifically, the OKX whale long/short ratio recently hit 8.16, showing a strong preference for long positions among whales on the exchange.
However, sentiment among larger traders remains mixed across platforms. Notably, smart-money sentiment stays extremely bullish on OKX, extremely bearish on Bybit, and bearish on Binance.
XRP’s Money Flow Index also shows weaker buying pressure. The MFI fell to 35.89 from around 60, a decline from the level seen during XRP’s earlier move higher. However, the indicator remains above 20, meaning XRP has not yet entered oversold territory. This leaves room for further price weakness if buyers fail to regain control.
231 Million XRP Leaves Binance Whale activity has also produced a potentially supportive signal for XRP. CryptoQuant data showed that whales withdrew more than 231 million XRP from Binance in one day. The tokens were worth more than $335 million at the time, which made the move Binance’s largest whale outflow in six months.
Large withdrawals can reduce the amount of XRP immediately available for sale on an exchange. Whales also returned to net buying after five straight days of net selling. This shows that some large holders are becoming more active on the buy side as significant sell orders remain above XRP’s current price.
Today, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH) This week, Ethereum rallied by 10% and managed to test the resistance at $2,800. However, sellers returned there to push the price into a pullback, but this could end up being just a brief pause before buyers push higher still.
With a higher high secured, Ethereum is well on its way to recover most of the losses incurred since 2025. If the resistance at $2,800 turns into support, then this cryptocurrency has the path clear towards $3,000 and beyond.
Looking ahead, Ethereum’s latest price action appears to confirm $1,500 as the bottom. As such, the expectation is that the current uptrend will continue and aim for $3,300 and $4,000 as the next major targets.
Source: TradingView Ripple (XRP) As expected, XRP has retested the $1.6 resistance and closed the week 15% higher. While this is an impressive performance, bulls still did not manage to break that level and turn it into support.
Sell volume increased again at $1.6, which did not allow the price to continue its rally. As long as sellers hold at this key level, XRP will be forced to move in a range between $1.3 and $1.6.
Looking ahead, XRP is preparing for its next major move as pressure is building under the key resistance. Considering the underlying market, the price may eventually break away and aim for $2 next.
Source: TradingView Cardano (ADA) ADA finally had its breakout and turned $0.23 into support. That confirms $0.15 as the bottom and allows the price to aim much higher in the future, with $0.30 and $0.33 as major targets.
This latest price action saw ADA to close the week 23% higher. This is an amazing performance, with bulls returning in force. That buying volume also fueled the breakout.
Looking ahead, ADA’s next major target is $0.30 and should be easy to reach if this momentum holds. However, before that, the price could re-test the breakout point at $0.23 as support.
Source: TradingView Binance Coin (BNB) Binance Coin is up 6% this week as buyers dominate the chart. The price also made a higher high and is close to reaching $800 next. The current resistance is found at $900 and the key support is at $690.
With the bullish momentum picking up speed, a test of the current resistance appears likely in the coming days. While sellers may return there, a four-digit valuation at $1,000 will act as a magnet for the price.
Looking ahead, BNB’s rally may just be starting after a long consolidation around $600, which lasted almost eight months in 2026. For this reason, a price above $1,000 is likely before the end of the year.
Source: TradingView Hype (HYPE) This week, Hyperliquid made a new record price at $98 and closed 17% higher. This level is a key resistance before $100 becomes possible. Considering the overall momentum, buyers may not let go of the price until they hit it.
At the time of this post, HYPE was found in a pullback. However, this may be short-lived before bulls see that they hit a three-digit valuation. Nevertheless, sellers may return as soon as price reaches it.
Looking ahead, HYPE continues to show strength, with clear higher highs and new record prices almost weekly. As long as this continues, the $100 milestone will be easy to reach and position this cryptocurrency to go higher still before the end of 2026.
Source: TradingView Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
A recent incident involving the son of Digital Outlook, a well-followed crypto analyst, has sparked fresh debate about the accessibility of XRP on Canadian cryptocurrency exchanges. The issue arose after his son attempted to buy XRP on a leading Canadian trading platform, only to find the asset temporarily unavailable.
Failed XRP Purchase Draws AttentionThe situation gained visibility when Digital Outlook shared on social media that his son Caleb tried to buy XRP through a major Canadian exchange. Instead of processing the transaction, the platform responded with a message stating, “Can’t buy XRP,” and prompted Caleb to select an alternative cryptocurrency. Other options, such as Solana, Dogecoin, Chainlink, Cardano, and Sui, were listed as available choices within the app.
Digital Outlook posted a screenshot of the exchange’s interface after being prompted by a follower to provide proof. The screenshot clearly displayed XRP as one of the listed assets, but the platform prohibited its purchase at that moment. Despite the restriction, all other listed cryptocurrencies remained available for trading.
This one hit close to home. My son Caleb went to buy $XRP on a major Canadian exchange last night. They didn’t have any. The app suggested he pick a different token instead. Maybe it’s back today. But don’t assume it’ll always be there when you want it.
Following the incident, Digital Outlook commented that while XRP could become available again, users should never take constant access to specific cryptocurrencies for granted on any trading platform.
Exchange Provides Limited ExplanationThe screenshot shared by Digital Outlook did not indicate any broader market shortage for XRP, but rather reflected a temporary or platform-specific limitation. Many users pointed out that while the Canadian exchange listed XRP alongside other digital assets, only XRP was restricted from purchase at that time by Caleb.
Upon sharing the image, Digital Outlook responded to requests from users such as XRP Snakie.XRP, who had asked him to post verification of the claim. The shared screenshot offered the most direct evidence of his son’s purchasing difficulty on the platform.
Community Responses and ExplanationsThe community’s reaction showed various interpretations. Some, like commenter Redzepplin, suggested that the restriction was caused by the exchange itself, rather than a supply issue with XRP. Redzepplin also urged others not to draw overly optimistic conclusions about broader market dynamics from this isolated case.
Others, including Chathan sp, directed frustrated users to seek out exchanges like Binance or Coinbase, suggesting these platforms offered more consistent XRP availability and larger trading volumes.
Vincent Van Code added that users could experience fewer problems by using platforms that operate with real order books, as opposed to those relying solely on market-making mechanisms.
Digital Outlook’s post primarily captures a single instance in which one exchange prevented the purchase of XRP, yet the wide range of responses demonstrates how users perceive liquidity, trading infrastructure, and platform reliability as key factors in the digital asset market.
Mini dictionary: Order book, a real-time, continuously updated list of buy and sell orders for a particular cryptocurrency, which helps provide transparency about market depth and liquidity. Unlike market-maker platforms, exchanges with real order books show actual user bids and asks.
ExchangeXRP AvailabilityOther Assets TradeableMajor Canadian Exchange (unnamed)Unavailable at time of incidentSolana, Dogecoin, Chainlink, Cardano, SuiBinanceAvailable (as suggested by users)Wide selection of assetsCoinbaseAvailable (as suggested by users)Wide selection of assetsDigital Outlook’s experience highlights that cryptocurrency availability on exchanges can fluctuate and that both exchange infrastructure and liquidity management influence whether users are able to access specific tokens at any given time.
An attack against users of the D’CENT App Wallet allowed the diversion of 11.746 million XRP, nearly 20 million dollars. Between September 15 and 20, 6,678 wallets were affected in six waves. More than 5.59 million XRP have already left the network via THORChain. The case does not come from a flaw in the XRP Ledger: the crypto transactions were signed with private keys controlled by the attacker. D’CENT is still investigating how these keys were compromised.
In brief 11.746 million XRP were withdrawn from 6,678 wallets between September 15 and 20. More than 5.59 million XRP were converted to Ethereum via THORChain. D’CENT states that its hardware wallets are not directly affected unless their recovery phrase was entered in the App Wallet. Six waves emptied 6,678 D’CENT wallets The attack started on September 15 with eight large wallets. Each held at least 99,999 XRP. The operator began manually and withdrew more than 1.6 million XRP even before launching the script used for the rest of the operation. A few hours later, 1,682 wallets had already been affected.
This type of compromise is an increasing part of sector losses. Cointribune noted this summer that private key thefts, phishing, and wallet compromises now account for a significant share of crypto hacks.
After a calm day on September 16, withdrawals resumed. Five new waves followed until September 20. In total, XRPL.to’s on-chain analysis lists 4,208 wallets emptied by transfer. Additionally, 2,470 accounts that hadn’t been touched before were directly deleted with their balance.
The attackers used the keys a second time to delete 5,001 XRP accounts and recover their remaining reserves. In one case, a wallet active since 2022 contained over 107,000 XRP at the time of deletion.
The crypto attack thus seems to have been prepared with a pre-existing list. XRPL.to even notes that the largest wallets were handled manually, while the others went through various scripts.
More than 5.5 million XRP have already left the network The funds did not wait long. 5,594,530 XRP were sent to THORChain then exchanged for Ethereum. About 3.24 million XRP also passed through unionchain.ai, 546,080 XRP via NEAR Intents, and 535,666 XRP to Binance deposit addresses. These services are not accused of participating in the theft: they simply appear in the on-chain journey of the funds.
As of September 21, about 1.308 million XRP still remained in wallets assigned to the operator.
For a crypto attack, this rapid dispersion poses a fairly classic problem. The more funds go through swaps, bridges, or platforms, the harder it becomes to freeze them. D’CENT says it is working with South Korean law enforcement, security specialists, blockchain teams, and exchanges to track assets and try to block part of them. However, the company does not promise their recovery.
This is not the first time crypto wallets have been emptied in series this year. In January, several hundred EVM wallets were affected in another operation, with much smaller amounts per victim.
In the D’CENT case, the scale is different: nearly 20 million dollars in XRP in less than a week. Yet the XRP Ledger itself was not compromised. Each movement appears as an ordinary transaction, validly signed. The blockchain can show when the keys were used and where the funds went. It cannot explain how these keys ended up in the attacker’s hands.
Private keys put crypto security back in the spotlight D’CENT makes an important distinction between its two products. The hardware wallet creates and stores keys on a physical device. The mobile app mainly displays addresses and balances. The recovery phrase is not automatically copied to the phone. Conversely, the App Wallet is a software wallet: keys are created or imported directly on the smartphone. It is this second mode that D’CENT associated with the abnormal transfers.
There is however an exception. A hardware wallet can fall within scope if its user has already entered the recovery phrase in the App Wallet. D’CENT then recommends considering this phrase as potentially exposed.
The company asks affected users to update the app, create a new recovery phrase, then move their crypto assets to new addresses. Simply restoring the old seed on a new device does not change the keys and thus does not solve the problem.
The exact technical cause remains publicly unknown. D’CENT continues its analysis and has not yet announced any conclusion on possible reimbursement.
The incident joins a series of cases where the private key, rather than the smart contract, becomes the entry point. In June, the Humanity Protocol hack brought this risk back to the center of crypto news after over 32 million dollars in losses. Humanity Protocol drops over 80% after a 32 million dollar hack. For D’CENT, the numbers are already heavy: 6,678 wallets, 11.746 million XRP, and six days of activity. The investigation still has to answer the most important question: how could the same list of private keys have ended up in the attacker’s hands?
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
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.
Ripple’s XRP Ledger has two big upgrades in motion!
One is almost live. The other still needs votes. Here’s what you need to know.
PermissionDelegationV1_1 to go live on October 5? PermissionDelegationV1_1 started a 14-day activation countdown on September 21. About 29 of the 35 trusted validators are backing it.
If it gets 80% support or higher, it will go live on October 5, according to the live amendment dashboard.
But if it drops below 28 validators, then the whole situation changes.
Source: XRPL Dashboard But what is it about? Splitting authority by job; the same way banks already separate payments from compliance. A stablecoin issuer could let an online compliance system approve token holders while its master keys stay offline. An operations account could send payments, but it could not change keys or grant access to anyone else.
Each delegate gets up to 10 permissions, and this can be edited or revoked anytime.
This is the second time it is being tried.
The first version checked permissions before signatures, but some failed transactions still charged fees. An attacker could have spammed high-fee submissions, and this will allow them to drain someone’s XRP. A community tester caught it on September 15, and this led to validators rejecting it, and because of this, it did not go live.
The fix for this was to ship in xrpld 3.3.0, and this verifies signatures before any fee is charged.
More XRP Ledger updates… XLS-65 and XLS-66 still need over 80% validator support for two straight weeks.
XLS-65 brings Single Asset Vaults, which allow users to pool one asset and get shares in return for it. XLS-66 uses those vaults for fixed-term loans. The underwriting process happens off-chain, while loan creation, repayments, and defaults will be on-chain.
Source: X There are no automatic liquidations, which makes it a better fit for business loans and working capital. The LendingProtocolV1_1 design also includes several other features:
Closed-ended vaults with fixed subscription, investment, and redemption windows. Cash-basis accounting, meaning interest counts only once it’s actually paid. Optional first-loss capital from brokers to absorb part of a default. Judging borrower risk will be left to outside underwriters and the market.
Final Summary The XRP Ledger’s PermissionDelegationV1_1 could activate on October 5. XLS-65 and XLS-66 are pending validator approval.
TLDR XRP’s one-week 25-delta call-minus-put skew climbed to 9.3 volatility points. The reading sits in the 95th percentile, showing unusually strong demand for calls. XRP options had mostly negative skew during late 2025 and early 2026. The skew briefly moved above 15 volatility points in late August before cooling. XRP has gained about 18% over the past seven days, supporting renewed demand for upside exposure. XRP options traders are paying a higher premium for calls as demand for upside exposure rises. Coinbase Markets said XRP’s one-week 25-delta call-minus-put skew reached 9.3 volatility points, placing the reading in the 95th percentile. The move shows traders are paying more for comparable calls than puts after XRP gained about 18% over seven days.
$XRP options are leaning toward upside convexity.
At the 1w 25Δ point, calls trade 9.3 vol points above comparable puts, a 95th percentile reading.
Sensible positioning, or crowded demand? pic.twitter.com/lLq1cbBfKy
— Coinbase Markets 🛡️ (@CoinbaseMarkets) September 23, 2026
XRP Options Skew Turns Strongly Positive Coinbase Markets described the market as leaning toward upside exposure. The +9.3 reading means implied volatility for selected calls stands 9.3 points above comparable puts. It does not mean traders expect XRP’s price to rise by 9.3%, and it does not provide a direct price forecast.
The change follows a period when short-term XRP options favored downside protection. During late 2025 and much of early 2026, the one-week skew stayed negative and sometimes fell below -10 points. More recently, XRP rebounded toward $1.55 after falling near $1.39, while options demand shifted toward calls.
Calls Gain Premium After XRP Rebound The shift has developed quickly. XRP’s one-week skew briefly moved above 15 volatility points in late August before easing. It has returned toward double-digit territory, showing traders accept higher prices for short-term upside exposure.
A 25-delta risk reversal compares implied volatility of calls and puts with similar sensitivity to price moves. A positive reading means calls carry a higher premium. A negative reading means puts cost more on a comparable basis, reflecting stronger demand for downside protection.
Recent market activity has included changes outside derivatives. XRP Ledger Batch V1.1 moved closer to activation after gaining support from 30 of 35 tracked validators. The update groups linked transactions so several actions can settle together or fail together.
Bullish Positioning Does Not Guarantee Gains Options skew can show where traders are paying more for protection or exposure, but it cannot confirm what XRP will do next. Strong call demand may reflect bullish positioning, hedging, or traders seeking exposure after a fast price move.
XRP surged above $1.60 during the latest rebound as large-holder activity and new wallet creation increased. That move provides context for renewed call demand, although options premiums can change quickly when volatility, positioning, or spot prices shift.
For now, the 9.3-point skew shows a strong preference for calls relative to puts. Traders will watch whether the skew stays elevated as XRP’s spot market responds to gains and changing demand.
Native lending is approaching the XRP Ledger as validator voting continues on proposed amendments, while the XRP token struggles to sustain recent gains. The new framework aims to introduce pooled lending and fixed-term loans directly on the network. After a temporary rally, the price action brought the $1.60 resistance level back into focus for XRP.
Amendments introduce native lending and borrowingTwo amendments, XLS-65 and XLS-66, underpin the initiative to bring native lending and borrowing to the XRP Ledger. XRPL Commons, a non-profit focused on XRP Ledger development, described the proposal as an effort to integrate lending directly into the protocol, eliminating the need for separate smart contract systems. Both amendments currently await validator approval before they can be implemented on the mainnet.
XLS-65 details the design of single-asset vaults, allowing users to deposit assets such as XRP or RLUSD and receive pool shares based on their contribution. The vault structure is intended to simplify asset management for both depositors and potential borrowers.
Mini dictionary: XRPL Commons is a non-profit organization dedicated to advancing the adoption and development of the XRP Ledger through advocacy, education, and technical projects.
The XLS-66 amendment proposes a protocol for loan issuance through brokers using a fixed-term structure. The network will monitor the tracking of loans, repayments, and any defaults, but lenders and brokers retain responsibility for credit verification and risk assessment. The framework includes an option for brokers to provide first-loss capital, which partially covers defaults but does not eliminate depositor risk.
LendingProtocolV1_1 and network approvalA further amendment, LendingProtocolV1_1, seeks to define clear phases for deposits, lending, withdrawals, and interest income recognition. These rule changes will only come into force if approved by over 80% of trusted validators for two consecutive weeks. As of now, neither XLS-65 nor XLS-66 has passed the required threshold, leaving the launch date for native lending unconfirmed.
The integration of a native lending protocol would expand the XRP Ledger’s financial services, but the effect on XRP demand will likely depend on what types of assets market participants choose for collateral and borrowing. For example, vaults backed by XRP will provide XRP loans, whereas vaults using RLUSD or other issued tokens will offer loans in those assets instead. In all scenarios, XRP will remain essential for network fees and account balances.
In context with institutional lending, RLUSD working capital is intended for use by fintech and payments companies, enabling them to borrow using the stablecoin. Adoption of products built on the new protocol will not necessarily require direct purchases of XRP by participants.
Batch settlements and price outlookAnother update, the BatchV1_1 amendment, is set for activation on September 29 if validator support holds. BatchV1_1 would enable grouped settlements to succeed or fail collectively, streamlining transaction execution on the ledger.
XRP’s price movement on September 23 reflected ongoing volatility. The token opened at $1.57, climbed to $1.6581, and then retreated sharply to $1.5070, finally settling near $1.51 for the session. The $1.60 level remains key immediate resistance. If XRP breaks above this level, the prior session high at $1.66 would be the next target, while $1.70 stands as another reference from previous action.
LevelPriceStatusSession Open$1.57Start of sessionSession High$1.6581Temporary peakSession Low$1.5070Sharp dropImmediate Resistance$1.60Barrier to upsideNext Target$1.66Potential breakout pointReference Level$1.70Technical markerTechnical analysis shows the 20-day simple moving average near $1.40, with other moving averages converging around $1.28 to $1.29. A drop below $1.40 could shift focus to these lower averages. The 20-day Chaikin Money Flow measured at −0.09, indicating weak buying pressure despite temporary gains.
XRP’s session failed to confirm a sustained break above the $1.60 resistance level, leaving the next move dependent on further momentum and potential protocol updates.
At present, the vote on native lending remains independent of daily XRP price activity. If amendments are approved, the protocol is expected to proceed to mainnet, enabling new deposit and loan options for users. For now, price movement remains tied to the $1.60 barrier as the first significant test.
XRP options traders have sharply increased their interest in upside exposure after the cryptocurrency rallied 18% over the past week. Data published by Coinbase Markets, the institutional trading division of the major exchange, shows that XRP’s one-week 25-delta call-minus-put skew climbed to 9.3 volatility points, reaching the 95th percentile of historical readings.
Options skew signals strong call demandThe options skew reflects the difference in implied volatility between calls and puts of similar sensitivity. A positive skew means that calls—options that benefit if XRP’s price rises—are trading at a higher premium relative to puts, which profit if the price falls. The recent 9.3-point figure means XRP traders are paying a notable premium for short-term call options compared to equivalent puts.
Coinbase Markets described the current options environment as displaying “upside convexity,” with calls trading 9.3 volatility points above comparable puts. That level is considered unusually high relative to XRP’s historical norms. The firm noted this is a 95th percentile reading for the metric, signaling an unusually strong demand for upward exposure.
At the 1-week 25-delta point, XRP calls are trading 9.3 vol points above comparable puts, a 95th percentile reading. This shift shows robust appetite for short-term upside exposure.
While the skew does not imply traders expect XRP’s price to rise by 9.3%, it does indicate the market is willing to pay a sizable premium to participate in any further increase following the token’s recent price surge.
Shift from bearish to bullish positioningThe latest shift represents a change from the prevailing sentiment observed in late 2025 and early 2026, when short-term XRP options mostly displayed negative skew. At times during that period, the one-week skew dropped below -10 volatility points, reflecting stronger demand for downside protection.
Recent price action has likely contributed to the renewed call demand. XRP rebounded toward $1.55 after briefly falling close to $1.39, prompting options traders to seek exposure to further upside. The skew briefly spiked above 15 volatility points in late August before moderating, yet remains in double-digit territory, reinforcing the perception of bullish repositioning.
Period1w Skew (Call minus Put)XRP PriceLate 2025 – Early 2026Negative, below -10 at timesVaried, downtrendLate August 2026Above 15 (briefly)Rebound beginsCurrent9.3 (95th percentile)Up 18% in week, $1.55 testedA 25-delta risk reversal, the metric used for this skew, compares the implied volatility of calls and puts with an equal probability of ending in the money, allowing a clearer view of market sentiment for short-term moves.
Mini dictionary: 25-delta risk reversal, a commonly used options metric that measures the difference in implied volatility between out-of-the-money call and put options with a delta of 25%, giving insight into whether options traders are positioning for upward or downward price movement.
XRP Ledger update nears activationAlongside activity in the options markets, the underlying XRP blockchain has seen progress with its Batch V1.1 upgrade. The update has moved towards activation following support from 30 out of 35 validators. The Batch V1.1 upgrade will enable groups of linked transactions to be executed together, allowing multiple operations to succeed or fail as a unit—improving efficiency and composability for developers and institutions using the network.
The combination of technical developments and renewed interest from institutional traders has focused attention on the outlook for XRP. However, derivatives pricing remains sensitive to fast-moving trends in price, volatility, and overall trader positioning.
Strong call demand signals bullish sentiment but does not guarantee future gains, as options premiums often shift in response to new market dynamics.
Following XRP’s surge above $1.60, increased activity by large holders and a rise in the creation of new wallets have provided additional context for the current spike in short-term options premiums. Market participants remain watchful to see if the elevated call skew persists in the coming sessions as sentiment and spot price action continue to evolve.
XRP was trading at $1.50 on Thursday, down 4.5% over 24 hours and up 15.6% over the past week, as a technical analyst who had forecast a deeper decline earlier this year revised his outlook following Bitcoin’s recent strength. A separate near-term analysis, however, points to further weakness before any renewed push higher.
A Revised Forecast
The analyst, who in March had predicted XRP would fall to between $0.70 and $0.90 before marking a cycle low, acknowledged this week that the target was not reached. He said Bitcoin’s price action was the primary reason for the revised view.
Why Bitcoin’s Move Matters
Bitcoin has held above its 50-week moving average for three to four weeks and recently broke past its previous high from May, a pattern the analyst said has historically signaled the end of a bear market in past cycles dating back to 2014. XRP, by contrast, has struggled to reclaim the same technical level over the same period.
Key Levels To Watch
The analyst said XRP’s near-term path now depends heavily on Bitcoin’s next move. A daily close above $1.59 to $1.60 would support a push toward $1.80, with a break above prior wick highs near $1.66 serving as further confirmation.
He said this scenario is more likely if Bitcoin reclaims $85,000 and advances toward $93,000. A rejection for Bitcoin at $85,000, he said, would likely coincide with XRP failing to hold its own support level and pulling back toward the $1.30 region.
A More Bearish Near-Term Read
Analyst Vincent Van Code said XRP is trading at support near $1.49, with most technical indicators currently showing bearish signals. He said XRP has been sharply rejected from highs near $1.62 and has entered a steep corrective phase, breaking below key moving averages, with the RSI falling into oversold territory below 30 and the MACD histogram deeply negative, confirming strong downward momentum.
He placed immediate support at the recent swing low of $1.4942, with resistance at the failed breakout level of $1.6182, and said the overall structure suggests a test of lower support is likely.
Downside Risk Still On The Table
There is significant cluster of leveraged positions near $0.98, representing more than $2.7 billion in potential liquidations. He said this level does not need to be reached, but after a rally of 70% to 80% from recent lows, he remains open to a deeper pullback before the end of the year rather than assuming a direct move to new highs.
What Comes Next
Taken together, both analyses suggest XRP faces a test in the near term. Whether it holds current support and builds toward $1.80, or breaks down toward $1.30 and potentially lower, will likely hinge on how Bitcoin behaves at its own resistance level in the coming days.
Story Ends Here
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Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here. This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, From 2026-09-25 00:00 (UTC), Binance will launch an airdrop campaign rewarding all eligible users who hold Ripple USD (RLUSD) on our platform. Eligible users will share rewards from a grand prize pool of $800,000 in XRP. XRP will be distributed as weekly rewards to RLUSD holders every Friday. Campaign Period: 2026-09-25 00:00 (UTC) - 2026-10-23 00:00 (UTC) How to Participate: Eligible users must hold RLUSD in balance (net assets), in any of the following account categories on Binance: Spot Account;Funding Account;Earn Account (RLUSD in Flexible Savings);Margin Account (RLUSD in Cross Margin, Isolated Margin, or Portfolio Margin);Eligible users will have to maintain at least 0.01 RLUSD in their Earn or Margin Accounts to qualify for the rewards. In the following scenarios, RLUSD holdings will receive additional bonus multiplier on rewards, DetailsAdditional Multiplier on RewardsExampleAIncremental RLUSD Holding Increase vs. Prior 2 WeeksEach week, the incremental increase in RLUSD holdings will receive an additional reward for that week. Incremental amount for the week (X) = this week’s daily average Qualifying Balance minus the baseline. Baseline = the higher of the daily qualifying balances from the previous 2 weeks.1.2x 12% (assuming base APR is 10%)BRLUSD Simple Earn SubscriptionSubscribe to RLUSD Simple Earn Flexible Savings1.1x11% (assuming base APR is 10%)A+BBoth Conditions Met (A + B)The multipliers under A and B are stackable.If the incremental holding amount is also subscribed to RLUSD Simple Earn Flexible, that portion will receive a combined 1.3x reward multiplier.1.3x13% (assuming base APR is 10%) RLUSD acquired through borrowing the other stablecoins in Margin will receive a haircut of 60%, after accounting for liabilities in Margin Accounts from other stablecoins, including USDT, USDC, U, USD1, and FDUSD. Campaign Details: Prize Pool: $800,000 in XRP tokens will be distributed over 4 weekly installments. Distribution: Rewards will be airdropped directly to eligible users’ Spot Accounts of their Binance master accounts. Distribution Frequency: Weekly airdrops during the Campaign Period. Reward Distribution: Rewards start accruing from 2026-09-25 00:00 (UTC). Weekly rewards will be distributed by 18:00 (UTC) every Friday in XRP tokens. Distribution records can be found in Distribution history. The Weekly Reward Amount will be roughly calculated as follows: Qualifying Balance of each day = Lowest RLUSD balance captured during those hourly snapshots on each day.Weekly Rewards = (7-day average of the Qualifying Balance * Effective APR on the distribution day * 7) / 365 After each weekly distribution, the effective APR for that period will be updated in this announcement. In determining the effective APR on the distribution day, Binance will take into account a number of factors, including, without limitation: Lowest balance of the snapshots each day;The daily aggregated amount of Qualifying Balances across all eligible holders of RLUSD;7-day average across all eligible holders of RLUSD For RLUSD acquired through borrowing other stablecoins: Eligible balance in Margin Account = RLUSD Balance Before Leverage + Leveraged Amount * (1 - 60%): RLUSD Balance before Leverage = MAX [RLUSD Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0] Leveraged Amount = RLUSD Balance in Margin Account - MAX [RLUSD Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0] Note: ”Other Stablecoins” include USDT, USDC, U, USD1, FDUSD. PeriodEffective Base APR1.1x APR1.2x APRXRP Token Value1st Distribution on 2026-10-02Reward Period: 2026-09-25 00:00 (UTC) to 2026-10-02 00:00 (UTC)To be updated on 2026-10-02To be updated on 2026-10-02To be updated on 2026-10-02To be updated on 2026-10-022nd Distribution on 2026-10-09Reward Period: 2026-10-02 00:00 (UTC) to 2026-10-09 00:00 (UTC)To be updated on 2026-10-09To be updated on 2026-10-09To be updated on 2026-10-09To be updated on 2026-10-093rd Distribution on 2026-10-16Reward Period: 2026-10-09 00:00 (UTC) to 2026-10-16 00:00 (UTC)To be updated on 2026-10-16To be updated on 2026-10-16To be updated on 2026-10-16To be updated on 2026-10-164th Distribution on 2026-10-23Reward Period: 2026-10-16 00:00 (UTC) to 2026-10-23 00:00 (UTC)To be updated on 2026-10-23To be updated on 2026-10-23To be updated on 2026-10-23To be updated on 2026-10-23 Case examples: User A holds 10,000 RLUSD as collateral in Margin throughout week 1. No incremental holding increase. Effective base APR is 20%, User A's rewards due to be received at the end of week 1 will be as follows:(10,000 * 20% * 7) / 365 = 38.35 USD worth of XRPUser B borrowed 5,000 RLUSD from VIP loan or Margin (“liabilities”). Among this borrowed 5,000 RLUSD, 4,000 RLUSD was used as collateral in Margin, the remaining 1,000 RLUSD was held in their EARN Account in week 1. The effective base APR is 20%, User B’s rewards due to be received at the end of week 1 will be as follows:Qualifying Balance = 0 [(0 * 20% * 7) / 365] = 0 USD worth of XRPUser C had 1,000 RLUSD in the Margin Account and used it as collateral to borrow 4,000 USDT through Margin (“Liabilities of the other Stablecoins”), then converted this 4,000 USDT to RLUSD. The user now holds 5,000 RLUSD in Margin (“RLUSD Balance”) in week 1. The effective base APR is 20%, User C’s rewards due to be received at the end of week 1 will be as follows:Qualifying Balance = MAX [5,000 - 4,000, 0] + {5,000 - MAX[5,000 - 4,000, 0] } * (1 - 60%) = 1,000 + (5,000 - 1,000) * (1 - 60%) = 2,600(2,600 * 20% * 7) / 365 = 9.97 USD worth of XRP Important Notes: Users may not be eligible for rewards if there are active restrictions on their accounts.Sub-account balances are aggregated at the Master Account level for calculation, and rewards are distributed only to the Master Account. For Broker accounts, the rewards will be distributed to virtual sub-accounts. Users’ RLUSD Qualifying Balance will be calculated as net assets (assets minus liabilities). RLUSD as liabilities (e.g., borrowed from VIP loans, Margin loan, etc) will be excluded from the Qualifying Balance for this campaign. Snapshots of user balances and total qualifying balances will be taken at any point of time each hour to get users’ hourly balances in the above mentioned account categories. The lowest RLUSD balance captured during those snapshots on each day will constitute their Qualifying Balance and be used to calculate their rewardsFor example, a user’s lowest RLUSD balance captured on day 1 is zero, then their qualifying balance for that day is zero. At any snapshot time, any one of users’ supported assets must be greater than 0.01 RLUSD to be included in the calculation.Users are recommended to maintain their RLUSD holding throughout the Campaign Period to maximize their rewards. Rewards distributed are rounded down to 2 decimal places. Rewards will be distributed to the Spot Account of Master accounts. Kindly note that the distribution time is not guaranteed and may change from time to time.There is no individual cap on rewards. Users’ rewards depend on their qualifying balance relative to the total qualifying balance of all eligible users and other factors.Stay tuned for weekly reward distributions and updates on the Campaign. Terms and Conditions: Users may not be eligible for rewards if there are active restrictions on their accounts.XRP token value for airdrop distribution will be based on the official Binance market closing price one day before the airdrop distribution day.Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly balances in the abovementioned account categories. The lowest RLUSD balance captured during those snapshots on each day will constitute the user’s Qualifying Balance and be used to calculate their rewards.At any snapshot time, any one of users’ supported assets must be greater than 0.01 RLUSD to be included in the calculation.Broker accounts are eligible for this campaign. Binance reserves the right to periodically update the rules to accommodate changes in legal, regulatory, or other factors.Users must complete account verification (KYC) and also be from an eligible jurisdiction to participate in the campaign. Currently, users residing in the following countries or regions will not be able to participate in the RLUSD campaign (notwithstanding that they may hold RLUSD): Åland Islands (Finland), Austria, Belgium, Bulgaria, Canada, Crimea (Ukraine – disputed territory), Croatia, Cyprus, Czech Republic, Denmark, Democratic People’s Republic of Korea, Donetsk People’s Republic, Estonia, Faroe Islands, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Islamic Republic of Iran, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luhansk People’s Republic, Luxembourg, Malta, Martinique, Mayotte, Netherlands, Norway, Poland, Portugal, Republic of Cuba, Réunion, Romania, Russian Federation, Saint Martin (French part), Slovakia, Slovenia, Spain, Sweden, United Kingdom, United States of America and its territories.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Binance reserves the right to suspend any user's Margin borrowing at any time, without prior notice, in its sole discretion, if any abnormal or suspicious activity is detected.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-09-24 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. The APR is calculated weekly, and is expressed as an annualised percentage yield for illustrative purposes only. Each APR is not indicative of future results. The APR is likely to fluctuate week-to-week and the estimated rewards may differ from the actual rewards generated. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use, and our Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tesla and SpaceX CEO Elon Musk called Xi Jinping a “great leader” on Wednesday as the Chinese President arrived in the U.S. for a high-stakes summit.
‘Very Capable’ LeaderDuring an interview with Chinese state network CGTN, Musk said China “prospered immensely” during Xi’s tenure.
“I’ve seen it firsthand,” the world’s richest person said. ” Like you can see the new buildings, the new infrastructure…the increased prosperity of the average Chinese citizen.”
Musk added that Xi has clearly done an “excellent” job and is “very capable.”
Musk Likely Attendee at State DinnerMusk’s remarks came as Xi arrived in the U.S. to kick off a three-day state visit. President Donald Trump welcomed Xi Jinping with a red carpet and a military flyover at Joint Base Andrews.
The summit will feature bilateral talks, cultural programs and a formal state dinner hosted by Trump in the White House.
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Betting crowd on Polygon (CRYPTO: POL)-based Polymarket is certain Musk would attend the state dinner, alongside Nvidia CEO Jensen Huang and Alphabet CEO Sundar Pichai.
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Photo Courtesy: Frederic Legrand – COMEO on Shutterstock.com
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Bitwise and Franklin Templeton ETF clients have acquired $18.04 million worth of XRP, according to WhaleInsider. This purchase adds to the growing interest in XRP ETFs, with Bitwise clients contributing $11.54 million and Franklin clients adding $6.50 million. This development is part of a broader trend of capital inflow into regulated XRP exposure, indicating sustained institutional interest in the cryptocurrency. The total net assets in U.S. spot XRP ETFs have recently reached approximately $1.65 billion, with cumulative inflows hitting around $1.75 billion.
Key Takeaways Recent purchases by Bitwise and Franklin ETF clients suggest increased institutional interest in XRP. The acquisition of $18.04 million worth of XRP is consistent with continued capital rotation into regulated ETF vehicles. Market pricing implies that participants see this development as supportive of XRP’s potential to reach new highs. What to Watch Market participants will closely monitor any further significant inflows into XRP ETFs, which could indicate sustained institutional interest and bolster confidence in XRP’s future performance. Additionally, developments such as new XRP ETF approvals or major announcements from Ripple could further impact market sentiment. Conversely, potential regulatory actions or significant outflows from XRP ETFs may suggest challenges to the cryptocurrency’s upward trajectory.
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Term Structure
Contract Odds Δ since publish Volume 24h September 30, 2026 0.4% 0.0¢ — View market → December 31, 2026 7.2% 0.0¢ — View market → Updated 4min ago
"PI has the higher lottery-ticket upside," Perplexity stated.
The latest market resurgence has greatly benefited Ripple’s native cryptocurrency, whose price has spiked 22% over the past week. Meanwhile, Pi Network’s PI has risen 8% over the same period but remains below $0.10.
We wanted to see which of these tokens could perform better in the final quarter of the year, so we consulted three of the most popular AI-powered chatbots. Here are their answers.
PI is Like a Lottery Ticket According to ChatGPT, XRP looks better positioned for steady performance in Q4, while PI has more room for a sharp percentage gain if sentiment turns. OpenAI’s platform noted that the cross-border token has already amassed a substantial valuation, meaning a strong market alone doesn’t guarantee that it will outperform smaller altcoins.
Specific factors that could fuel an XRP rally during that timeframe include increased adoption, growth in Ripple’s broader ecosystem, and sustained demand through XRP-related investment products. Spot XRP ETFs are a perfect example of such financial vehicles. These funds have posted 10 consecutive green weeks, with total cumulative inflows surpassing $1.7 billion.
On PI, ChatGPT said its potential bull run in the final quarter of the year will depend heavily on further Mainnet migrations and milestones reached by the Core Team.
In conclusion, the chatbot said XRP is the more defensible pick for Q4 performance, while PI is the higher-volatility bet and could win on percentage returns if its ecosystem gains traction.
Perplexity shared a similar thesis. It described XRP as the more likely relative outperformer in the last quarter, whereas PI has the higher lottery-ticket upside.
You may also like: XRP Pushes Above $1.60 as Network Activity Picks Up XRP Reserves on Binance Hit 3-Month High as Price Breaks $1.50 Liquidations Top $750M as BTC, ETH, and XRP Rocket to New Local Peaks “PI is cheaper and smaller, so a successful DeFi bootstrapping phase could produce a much larger percentage move.”
At the same time, the chatbot warned that Pi Network continues to struggle with serious issues, such as constant delays, which is fueling growing distrust among community members.
“PI’s user base is large, but its near-term price problem is supply: around 11% of supply is circulating, while daily unlocks create persistent sell pressure. Protocol 27 and the DEX are genuine positives, but they must create real transaction volume, liquidity, and app usage before PI can sustain a re-rating. Without that shift, PI is more likely to remain range-bound near $0.08-$0.12 than to follow XRP higher in a broad market recovery,” it concluded.
Gemini’s Take Google’s chatbot argued that XRP is “structurally and fundamentally” positioned to outperform PI in the fourth quarter of 2026. It noted that both tokens attract passionate communities, but their market depth, institutional backing, and liquidity profiles create completely different environments.
First, Gemini reminded that XRP is listed on almost every major global exchange, but PI remains unavailable on heavyweights such as Binance and Coinbase.
Second, Ripple has positioned itself as a solid entity with global reach after inking strategic deals with banks, payment providers, and prominent companies over the years, while this is not the case for Pi Network.
Last but not least, Gemini warned that PI faces ongoing sell pressure from continued token unlocks, which could lead to a price pullback in Q4.
XRP dropped under $1.50 on Thursday, quickly reversing gains from earlier in the week after initially surging past $1.60. The retreat comes even as US-listed spot exchange-traded funds continued to post strong inflows.
XRP hits resistance near $1.60Analysts had warned that XRP’s rally toward $1.60 would face significant selling pressure. Crypto analyst Ali Martinez highlighted this zone as a major resistance level, citing on-chain data that identified a cost-basis cluster—a region where about 2.5 billion XRP previously changed hands and many holders could consider taking profits.
Martinez noted that this area was critical for evaluating the sustainability of XRP’s rally, as traders were likely to sell or reduce positions if momentum faded. The token briefly broke through the $1.60 mark and reached about $1.66, but was unable to establish the former resistance as a new support level. Once XRP slid back below $1.60, profit-taking accelerated, leading to a swift pullback.
On-chain distribution data revealed a large supply of XRP concentrated between $1.60 and $1.66, making it a difficult range for buyers to break. Analysts emphasized that holding above resistance levels, not just surpassing them, remains essential for confirming a breakout.
ETF inflows matched by increased sellingDespite the decline, institutional demand for XRP remained steady. Data from SoSoValue indicated that US spot XRP ETFs attracted $18.04 million in net inflows on September 23, following $20 million in the previous session. Bitwise led with $11.54 million, while Franklin Templeton contributed $6.50 million.
However, this buying failed to offset broader profit-taking pressure. FXStreet analyst John Isige reported that XRP reserves on Binance rose to about 2.68 billion tokens, suggesting that investors were moving tokens to exchanges to sell and secure profits at elevated prices.
This trend highlights that ETF purchases, even at nearly $18 million a day, represent only a fraction of the overall market activity. Substantial selling by spot holders can easily absorb such inflows, resulting in a net price decline.
“Exchange reserves climbing shows more XRP is available for trading or selling, as investors seek to lock in profits after the recent surge,” FXStreet’s Isige wrote.
Recent developments in the meme token market underscore the importance of monitoring not only prices but also trading activity and timing. Fomo App data showed a noteworthy $99 purchase of “Niu Lai” that yielded approximately $370,000, exemplifying the rapid pace and unpredictability in this sector. App features such as real-time investor rankings and trade notifications offer traders new tools for navigating fast-evolving opportunities.
Support shifts to $1.43 amid renewed cautionWith the failed breakout, analysts are now watching lower support levels for XRP. Alejandro Arrieche of FXEmpire stated that increased selling above $1.50 could lead to a pullback toward $1.43. Arrieche suggested that while this retracement might be temporary, the changing macro environment and declining sentiment elevate the importance of the $1.43 to $1.45 support zone.
Unfavorable macro factors have added further pressure. Bitcoin’s slip below $85,000, following a rise in US Treasury yields, has weighed on major digital assets and clouded the near-term outlook for risk markets.
If XRP is able to maintain support around $1.43, it may signal a period of consolidation rather than a continuation of the sharp decline. However, failure to stabilize could prompt further losses and confirm the rally as short-lived.
In major XRP news today, Binance crypto exchange extended its support for the coin and Ripple’s RLUSD stablecoin on Thursday. The world’s largest crypto exchange will airdrop XRP coins to RLUSD holders, significantly boosting RLUSD market cap further and strengthening ties between companies.
Binance Announces XRP Rewards for All RLUSD Holders Binance, the crypto exchange founded by CZ, is launching a four-week airdrop campaign starting September 25 that will distribute $800,000 worth of XRP to users who hold Ripple USD (RLUSD).
Compared with the earlier XRP rewards launch, the exchange will now allow all users across Spot, Funding, Earn, and Margin accounts to earn XRP payouts every Friday until October 23. Users will get additional rewards for growing RLUSD holdings or parking funds in RLUSD Simple Earn.
However, Binance announced a 60% haircut for RLUSD acquired through borrowing other stablecoins in Margin. The exchange will account for liabilities in Margin Accounts from other stablecoins, including USDT, USDC, U, USD1, and FDUSD.
Eligibility and How Rewards Are Calculated Users become eligible by holding a RLUSD stablecoin balance of at least 0.01 in the above-mentioned accounts. Snapshots are taken hourly, with the lowest daily balance becoming that day’s qualifying balance. Weekly XRP rewards use a 7-day average of the qualifying balance multiplied by an effective APR that Binance will publish each Friday.
“Sub-account balances are aggregated at the Master Account level for calculation, and rewards are distributed only to the Master Account. For Broker accounts, the rewards will be distributed to virtual sub-accounts,” stated Binance.
There is no individual cap and each user’s share depends on their qualifying balance relative to the whole pool. Restricted accounts and users in listed jurisdictions, including the US, UK, EU countries, Canada, and others, are excluded.
Binance Pushing RLUSD Market Cap and XRP Price Higher RLUSD stablecoin’s market cap has surged from $1.51 billion since Binance launched the XRP rewards campaign to almost $2.45 billion. RLUSD market cap is $2.37 billion today.
In recent news, Ripple integrated XRP and RLUSD stablecoin support for AI agent payments on Stripe and Tempo’s Machine Payments Protocol.
Meanwhile, XRP pared earlier gains and fell 6% ahead of monthly crypto options expiry. Price is currently trading at $1.51 after dropping from the 24-hour high of $1.64. Trading volume has also fallen 18% over the past 24 hours.
XRP Futures Open Interest. Source: Coinglass CoinGlass data showed buying activity in the derivatives market in the last few hours. The total XRP futures open interest fell nearly 9% to $3.60 billion in the last 24 hours. However, the 4-hour XRP futures OI climbed 1.26%, with 1.51% on CME and 1.07% on Binance.
As CoinGape reported, XRP surpassed Hyperliquid and Zcash in futures open interest amid massive buying on derivatives exchanges CME and Binance. Analysts have predicted a massive upcoming XRP price rally.
Traders looking to take advantage of these market swings can evaluate the features and fee structures of the best crypto futures trading platforms.
Leading cryptocurrencies corrected on Wednesday as hot macro data signaled the chance of another rate hike.
Crypto Market ReversesBitcoin descended from $87,000, hitting an intraday low of $83,654.39. Ethereum also retreated to $2,600, while XRP and Dogecoin recorded sharper declines
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 3.07% and 4.52%, respectively.
Over $540 million was liquidated from the cryptocurrency market in the last 24 hours, with long positions taking the heaviest losses, according to Coinglass data.
Bitcoin’s open interest plummeted 6.63% over the last 24 hours. BTC’s Long/Short ratio dipped below 1, meaning a large number of traders are actively taking short positions.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.96 trillion, down 2.60% in the last 24 hours.
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Stocks Plunge As Rate Hike Bets SpikeStocks faced heavy sell-offs on Wednesday. The Dow Jones Industrial Average fell 352.10 points, or 0.68%, to end at 51,511.59. The S&P 500 slid 0.75% to end at 7,706.03, while the tech-heavy Nasdaq Composite dropped 1.13% to settle at 26,936.04.
The yield on the 10-year Treasury note surged to its highest level since 2007 after the latest Purchasing Managers’ Index readings came in higher than expected.
Traders are now pricing in a nearly 70% chance of another 25-basis-point rate hike next month, according to the CME FedWatch tool.
A Dip Before Rip?Ali Martinez, a widely followed cryptocurrency analyst and trader, flagged a “double bottom” pattern on Bitcoin’s daily chart, suggesting the $82,500 horizontal neckline will remain as a key support.
“The target remains $100,000,” Martinez added.
On-chain analytics firm Santiment noted that Bitcoin wallets holding 100-1,000 BTC have boosted their holdings by 2.22% over the last two months.
“Santiment’s five-year analysis found 100-1,000 BTC wallets particularly have correlated quite closely with crypto market direction, with accumulation often appearing before or during stronger price periods,” the firm stated.
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Total crypto market value fell 2.27% to $2.96 trillion. XRP dropped 5.8%, Dogecoin 8.3% and Hedera 9.9%, and Uniswap gave back the entire spike it took on Tuesday's CME listing. Perpetual funding at OKX turned negative on both the bitcoin and ether swaps. U.S. equities and gold closed lower alongside.
Total crypto market value fell 2.27% to $2.96 trillion. XRP dropped 5.8%, Dogecoin 8.3% and Hedera 9.9%, and Uniswap gave back the entire spike it took on Tuesday's CME listing. Perpetual funding at OKX turned negative on both the bitcoin and ether swaps. U.S. equities and gold closed lower alongside.
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Ripple [XRP] has not managed to close a day’s trading above $1.544 since early February. Throughout 2026, the bulls have tried to force such a breakout four times, with the latest attempt coming on the 22nd of August.
They were pushed back each time, but the bullish belief in recent weeks has helped XRP push past this level. A daily session close above $1.544 was achieved on Tuesday, the 22nd of September.
Strong speculative activity underlines XRP enthusiasm Source: CryptoQuant Crypto analyst Darkfost observed that the XRP’s Open Interest witnessed a growth spurt, reaching $600 million on Binance, the highest level since January. It is a genuine trend shift that began alongside the price gains in August.
The 180-day moving average of OI was at $445 million, and the breakout past this significant OI underlined the speculative growth and bullish confidence in the altcoin.
However, swing traders should remember that excess leverage can lead to high volatility and swift corrections.
Network activity surge shows active whale participation A week ago, popular crypto analyst Ali Martinez had warned in a post on X that whales were accumulating XRP. Whale activity had increased noticeably, and large holders had accumulated around $2.2 billion worth of XRP in a span of four days.
Source: Santiment Santiment data agreed with these findings. There were 1,917 $100k+ whale transactions when XRP broke above the $1.60 mark. Network growth also spiked to 3,647 new XRP wallets.
Institutional access was also improving the odds of a constructive setup, Santiment noted. Bitwise filed a revised XRP spot ETF registration on the 18th of September.
Sosovalue data showed that spot XRP ETFs attracted inflows for most of September. Additionally, Bitcoin’s breakout past $82.8k had given altcoin market participants more bullish conviction, increasing the chances of a sustained rally.
Final Summary The XRP breakout past the $1.50 supply zone from February was a notable achievement from the bulls that can spark a sustained uptrend. Rising whale activity and heavy Open Interest underlined bullish conviction but also warned of potential volatility if conditions get overheated.
XRP price pulled back to about $1.51 on Sep. 23 after briefly rising above $1.65, leaving $1.60 as the first price level to reclaim while the XRP Ledger’s native lending proposals remain in validator voting.
Summary
XRP price reached $1.6581 during the daily session before retreating to about $1.51. XLS-65 and XLS-66 would add pooled vaults and fixed-term lending directly to the XRP Ledger. Neither lending amendment has activated on mainnet; each needs sustained validator support. XRP remained above its 20-day moving average near $1.40, though money flow was negative. XRPL Commons describes the proposed system as a way to bring pooled lending onto the XRP Ledger without deploying separate smart contracts. The plan depends on two amendments: XLS-65 would create Single Asset Vaults, while XLS-66 would let loan brokers use funds in those vaults for fixed-term credit. Both remain subject to validator approval.
XRP Ledger lending still needs validator approval A Single Asset Vault would hold one type of asset, such as XRP, RLUSD, or another supported token. Depositors would receive shares representing their portion of the vault. Loan brokers could then arrange loans using the pooled funds, with the ledger recording terms, payments, and defaults.
The proposed system would leave borrower checks and lending decisions to the firms operating the loans. It also allows a broker to provide first-loss capital, which could absorb part of a default. Neither feature removes the risk that a borrower fails to repay or that depositors lose money.
A further amendment, LendingProtocolV1_1, would add vaults with set periods for deposits, lending and withdrawals. It would also count interest as income only when a borrower pays it. As crypto.news reported on the XRP Ledger’s 3.4.0 software release, adding those rules to server software did not activate them on mainnet.
The approval process matters more than the software release for timing. XRP Ledger amendments need support from more than 80% of trusted validators for two consecutive weeks before activation. XLS-65 and XLS-66 have yet to complete that process, so native lending has no confirmed mainnet start date.
Would lending create demand for XRP? A lending launch would give developers and financial firms another reason to use the XRP Ledger, but the size of any effect on XRP would depend on which assets they lend. An XRP-funded vault would use XRP as its lending asset. A vault funded with RLUSD or another issued token would use that asset for its loans, while XRP would retain its role in network fees and account reserves.
That distinction is relevant to the planned RLUSD credit product previously covered by crypto.news. The product was being tested for working-capital loans to fintech and payment companies, with RLUSD rather than XRP serving as the credit asset. Its development shows a possible use for the lending rules, but it does not establish how much XRP borrowers or lenders would need to buy.
For U.S. holders watching the proposal, validator approval and actual use of the lending system are separate milestones. A vote could make the feature available; subsequent vault deposits and loans would show whether firms adopt it and whether XRP itself becomes a material lending asset.
XRP price faces another test near $1.60 XRP’s daily trading range shows why $1.60 remains the immediate test. The token opened near $1.57, reached $1.6581, and fell as low as $1.5070 before trading around $1.51 in the Sep. 23 chart snapshot. A move back above $1.60 would put the day’s high near $1.66 in view. The previous September spike near $1.70 marks the next visible area above it.
XRP price daily chart — Sep. 23 | Source: crypto.news On the downside, the 20-day simple moving average near $1.40 sits below the current price. The chart also shows moving averages clustered around $1.28–$1.29. A loss of $1.40 would weaken the recent rebound and bring that lower area back into focus.
The 20-day Chaikin Money Flow reading stood at −0.09, indicating that buying pressure had not strengthened alongside the latest rise. XRP can still retest resistance, but the intraday retreat and negative money-flow reading leave the $1.60 break unconfirmed. The validator vote offers a development to watch; the chart has yet to show that it will carry XRP through resistance.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The XRP Ledger has witnessed a sudden surge in its burn rate, recording an 84.3% jump within a single measured period. This brought total XRP destroyed via transaction fees to 771.7 XRP, sharply catching the attention of market observers and the XRP community.
Analysts and data highlight the burn rate spikeCrypto analyst Steph Is Crypto called attention to the event, urging the XRP community to investigate further. The burned tokens represent transaction fees permanently destroyed on the XRP Ledger, a decentralized network designed for fast, low-cost cross-border payments. While the token burn typically reflects network activity, the latest data reveals an unusual dynamic.
Despite the steep increase in the burn rate, overall network transactions declined during the same timeframe. The number of successful transactions dropped 6.5%, total transactions fell 5.6%, and payment operations slipped 7%. These figures suggest that the higher burn resulted not from more activity, but from higher fee expenditure per transaction.
Crypto analyst Steph Is Crypto noted that XRP’s burn rate surged 84.3% even as transaction volume cooled off, highlighting a sharp divergence between fee destruction and overall network activity.
The XRP Ledger’s unique fee system aims to limit spam and protect network performance, by requiring a small amount of XRP to be destroyed with every operation.
Mini dictionary: XRP Ledger (XRPL), a decentralized blockchain network designed for efficient cross-border payments and powered by the XRP cryptocurrency. The ledger employs a distinctive consensus protocol and burns small amounts of XRP through transaction fees to deter spam.
MetricChange (%)Current ValueBurn rate+84.3%771.7 XRPSuccessful transactions-6.5%N/ATotal transactions-5.6%N/APayments-7%N/ABurn normalization and previous surgesThe surge proved temporary. After peaking at 771.7 XRP burned, the rate quickly dropped back toward the ledger’s 30-day average, which stands at around 319 XRP. Data shows recent readings now hover just above this average.
A similar episode occurred earlier in the year, when the XRP Ledger recorded a milestone of 1,800 XRP burned in a single instance. Such bursts in burn rate, while impactful, tend to normalize swiftly, suggesting short-lived underlying drivers.
Community debates drivers and implicationsWithin the XRP community, members have voiced a range of explanations and potential implications for this latest spike. Some participants argued for increased burns as a means to heighten scarcity, which they believe could exert upward price pressure as circulating supply drops further. The reduction of available tokens, a common topic among XRP supporters, is often mentioned as part of longer-term deflationary dynamics.
Discussions in the community point to both the role of deflation in supporting price and the impact of increased transaction costs driving higher network engagement statistics.
Another segment of the community argued that surges in burning often reflect genuine demand and heightened adoption. Since higher transaction fees mean more XRP is destroyed per operation, some see the burn spike as a sign of more intensive network use by real participants, rather than automated or speculative activity.
Overall, these perspectives suggest that an increased burn rate provides data for assessing the health and real-world engagement within the network, beyond simple price speculation.
Function of burns and outlook for growthThe XRP Ledger’s burn mechanism is central to its approach to curbing spam on the network. Each transaction requires users to pay a fee, which is then irreversibly destroyed. Although recent burn figures remain small compared to XRP’s total supply, activity in this metric tends to signal patterns in network usage and adoption. As usage grows, periodic surges in burned tokens are likely to remain a topic of community and market interest.
A sharp correction in the cryptocurrency market has triggered a massive wave of forced liquidations, raising concerns about the stability of the recent rally. Leveraged traders faced significant losses as market volatility spiked and prices fell across leading digital assets.
Margin calls surge as leverage triggers imbalancesExcessive leverage on major crypto exchanges contributed to a dramatic imbalance during the latest sell-off. Over shorter intervals, long liquidations far outpaced those from the short side—surpassing them by more than 30 times.
Data from analytics provider CoinGlass show that traders holding long positions lost $359.45 million of the $504.62 million total liquidated over 24 hours. Conversely, traders on the short side saw losses of $145.16 million during the same period. The combined impact saw 121,934 traders experience forced closures of their positions.
The intensity of the selling pressure was especially acute in the final hour of trading, when liquidations of long positions reached $230.24 million. During this same time frame, short positions saw just $7.31 million in liquidations, representing a striking hourly imbalance of 3,049%.
Binance, the world’s largest cryptocurrency exchange by trading volume, reported the biggest individual margin call. A single long ETHUSDT position worth $10.04 million was liquidated on the platform.
Across the broader market, Ethereum traders suffered margin losses totaling $49.16 million, while Bitcoin long liquidations amounted to $37.77 million. Major altcoins were not spared. Long liquidations in XRP reached $7.68 million.
Liquidation ‘max pain’ levels suggest more downside riskAccording to the monthly Cryptocurrency Liquidation Max Pain map, the data indicates that further price pressure could lie ahead. Analysts have identified significant liquidity pools—levels where a high concentration of leveraged positions may trigger additional liquidations if reached—substantially below current market prices.
AssetCurrent priceLongs max painPotential liquidations (longs)Shorts max painPotential liquidations (shorts)BTC$84,271$79,780$118.83 million$87,318$87.05 millionETH$2,654$2,344$59.85 million––XRP$1.5052$1.4789$11.53 million$1.65978$5.47 millionThe concentration of leveraged positions at these levels suggests that if prices decline further, another cascade of liquidations may occur, potentially intensifying market volatility.
During the heaviest hour of the correction, long liquidations across the board reached $230.24 million, while short liquidations amounted to just $7.31 million, highlighting a dramatic imbalance in market positioning.
Global risk-off sentiment impacts digital assetsThis accelerated unwinding of positions unfolded against a backdrop of increased risk aversion in global financial markets. Bitcoin (BTC) dropped 2.24% to $84,271, mirroring a broader retreat in risk assets.
Traditional market indices also reflected the shift in investor sentiment, with the U.S. S&P 500 falling 0.54% to 7,722.44. Meanwhile, the Chicago Board Options Exchange Volatility Index (VIX), commonly known as the fear index, climbed 3.23%, underlining rising uncertainty.
Safe-haven assets also experienced corrections. Gold declined 1.66% to $4,285.90. At the same time, investors sought alternative hedges in commodities, with Brent crude oil surpassing $101 per barrel after a 3.17% gain.
The confluence of these factors removed a key source of support for digital assets, exposing highly leveraged positions to increased risk and accelerating the pace of margin calls.
Mini dictionary: CoinGlass, a cryptocurrency market data analytics platform specializing in real-time liquidation tracking and derivatives statistics, provides traders and analysts with in-depth metrics on forced liquidations across major exchanges.
XRP is drawing renewed attention from traders after crypto analyst Dark Defender identified a pivotal level that could shape its short-term trajectory. According to the analyst, a daily candle close above $1.5692 has the potential to trigger a rapid surge toward $2.90 and $4.11. Market participants have taken note of this threshold, with social media users echoing confidence following recent price action near that region.
Technical analysis highlights breakout zoneDark Defender shared a chart outlining his XRP outlook, emphasizing Fibonacci extension levels and Elliott Wave patterns to project the next potential leg upward. The analysis marks $1.5692 as the immediate hurdle, suggesting it serves as a launchpad for higher price targets if cleared and maintained on the daily chart.
According to the chart, the ladder of targets includes the 161.8% Fibonacci extension at $1.8815, the 200% extension at $2.9032, and the 261.8% level at $4.1043, each representing areas of possible resistance and consolidation. The topmost zone lies at $7.0786, identified as a likely Wave 3 peak in his Elliott Wave scenario.
Dark Defender also points to technical signals supporting a bullish move. The price action around the $1.56 mark coincides with the 61.8% Fibonacci retracement at $1.3798 and the 70.2% retracement at $1.4445. The RSI indicator shows a bullish crossover and starts to gain momentum, adding strength to expectations of an upward breakout.
If the daily candle closes above $1.5692, XRP could quickly expand its move toward $2.90 and $4.11 based on current chart structures and technical momentum.
Traders react as momentum buildsXRP’s climb past this critical threshold has energized the community, sparking waves of discussion across social platforms. Multiple users celebrated securing a daily close above $1.56, viewing it as a sign of impending upward acceleration. Some traders referenced the chart’s Fibonacci levels, asking whether the rally might pause at $1.88, in line with the 161.8% target.
Others suggested caution, recommending that investors wait for confirmation above $1.60 for added security. One market participant commented on plans to accumulate more XRP after reviewing Dark Defender’s technical breakdown, indicating a strong response from actively involved traders.
Another voice from the community highlighted the importance of continuously monitoring both price action and supporting indicators, such as RSI, to better anticipate short-term moves. This broad-based reaction reveals heightened attention to chart signals and consensus on the relevance of Dark Defender’s analysis.
Community members signaled their support for the breakout, with some urging for further confirmation above $1.60 to reinforce the bullish scenario.
Key resistance levels and evolving market conditionsDark Defender’s outlined roadmap gives traders a detailed set of milestones to observe. The first test lies at $1.8815, with additional resistance set at $2.9032 and $4.1043. Sustaining momentum above $1.5692 remains the critical initial step for those awaiting further upside.
Market observers note that rapid changes in sentiment or liquidity can be triggered not only by technical setups but also by macro events, such as central bank policy or unexpected token listings. In such an environment, switching between separate platforms for real-time charts, news updates, and portfolio management can slow down reaction times and impact profitability. Increasingly, traders are turning to services like CryptoAppsy, which streamline these tools into a single, privacy-focused dashboard, providing real-time price tracking, coin-specific news, smart alerts, and up-to-date global economic data without account setup barriers.
For now, XRP’s outlook hinges on whether it can decisively close and hold above the $1.5692 level, with potential technical expansion prompting close market attention to each subsequent resistance that emerges along the rally path.
Crypto analyst EGRAG says XRP (CRYPTO: XRP) could be repeating a rare pattern from its 2016 accumulation phase, one that historically preceded a massive rally.
What EGRAG’s Chart ShowsEGRAG posted on X that XRP printed three consecutive green monthly candles during its 2016 bear-market base-building phase, a sequence he calls extremely rare during accumulation.
XRP has already posted two green months in 2026, and a positive September close would complete the same pattern.
“2016 → 2026… 50X? $50? History rhyming?” EGRAG wrote, framing the comparison as a possibility rather than a guarantee.
“I don’t create the pattern. I just read the chart,” he added.
His focus stays narrow for now: September needs to close green first before the historical parallel carries any real weight.
Why Other Analysts Are Also Turning BullishAnalyst Ali Martinez posted on X that XRP completed the right shoulder of a major inverse head-and-shoulders pattern on the daily chart following a 27.6% rally from $1.25 to $1.58.
Whales have accumulated more than $2 billion worth of XRP recently, adding weight to the setup.
A decisive break above the $1.60 neckline could confirm the pattern and trigger another 30% rally toward $2, according to Ali Charts.
Moreover, as Benzinga reported Monday, veteran trader Peter Brandt projected XRP could eventually climb to $5.40, a potential 257% gain, based on trend channels and moving averages on the long-term monthly chart.
Brandt, who brings nearly 50 years of technical analysis experience, stressed the chart is not a trade recommendation.
XRP Price Action: Key Technical Levels to WatchXRP trades at $1.52 Wednesday, down 3% after pulling back from intraday high near $1.66.
Price still holds well above every major EMA, with the 20-day at $1.41, the 50-day at $1.33, the 100-day at $1.28, and the 200-day at $1.36.
RSI sits at 61.99, cooling off from an overbought spike above 78 last month but still holding above its signal line at 54.81, keeping momentum tilted toward buyers despite the pullback.
Key levels for XRP: $1.66 — intraday high, immediate resistance $1.70 — August High (Resistance) $1.41 — 20-day EMA, breakout retest zone $1.36 — 200-day EMA, deeper support Read Next
The D’CENT app wallet drain has continued into its seventh day, with another XRP community member losing more than $100,000 in XRP and XLM.
The most recent case follows an earlier report that confirmed the attackers had initially drained 2 million XRP during the Sept. 15 event, with further investigation now uncovering more victims.
The latest victim lost funds on both the Stellar blockchain and the XRP Ledger (XRPL).
On Stellar, the victim’s address, GDTO…E356, was triggered to create the account GAVT…37GU at 03:38 UTC on Sept. 23 and send 17,244 XLM, worth more than $3,600, to it. Notably, the attackers controlled the newly created account.
About four hours after receiving the XLM, the hackers moved the tokens to Changelly. However, the Stellar transaction made up only a small part of the victim’s total loss, as most of the stolen funds came from his XRP holdings.
More Than 75,000 XRP Drained On the XRPL, the victim’s XRP account, rU6m…Ppcc, was triggered to create the attacker-controlled account rLbQ…SiPc at 04:36 UTC on Sept. 23. The victim’s account then sent 72,521 XRP, worth more than $117,000, to the hacker-controlled wallet.
Around 30 minutes later, the attackers took another 2,488 XRP, worth about $4,000, leaving the victim’s wallet empty. The attackers moved the roughly 75,000 XRP to two different wallets about five hours after receiving the funds.
The stolen XRP later moved through several transactions, with some of the funds eventually reaching Binance. As the latest attack happened only hours before this report, the transactions show that the attackers have continued to actively target and drain wallets.
Attack Began With 1,682 XRPL Wallets The broader drain campaign started on Sept. 15, 2026, when attackers emptied 1,682 XRP Ledger wallets between 15:35 and 18:55 UTC. The stolen funds went to seven addresses and marked the first wave of six identified in the campaign.
By the evening of Sept. 20, the same operator had continued the attack using the same script and the same by-hand tool. By then, the attackers had emptied 6,678 wallets and taken a total of 11.7 million XRP.
The attackers also deleted 5,001 accounts, most of which had already been emptied. They recovered the reserve held by each deleted account and later swapped 5.6 million XRP for Ethereum.
D’CENT has responded by telling users of its app wallets to move all their assets out of the wallets. The latest victim’s losses confirm that the campaign has continued well beyond its initial activity on Sept. 15.
XRP is experiencing renewed bullish momentum after breaking out from a recent technical pattern, backed by increasing whale activity and growth in the number of user wallets. Market analysts have pointed to strengthening technical indicators supporting the token’s recovery and further expansion as the XRP Ledger (XRPL) ecosystem develops.
XRP Rebounds as Analysts Predict New CycleMarket observer Ed_NL has identified signs that XRP may be entering a new upward phase. He noted that the asset completed five sub-waves before undergoing an ABC correction, which brought the price into a key Fibonacci retracement area.
After touching the 0.786 Fibonacci retracement, XRP rallied past a previous bearish pattern, signaling the potential start of a new upward trend. Ed_NL projects that XRP could reach a target of $4.40 under regular trading conditions, but suggests further upside acceleration is possible if momentum continues building.
TradingView data highlights XRP’s short-term trajectory, with the price rising from $1.25 to nearly $1.66 before a pullback to $1.53. Despite the retracement, XRP continues to trade above key moving averages, with its 20, 50, 100, and 200 exponential moving averages (EMAs) remaining supportive. As shorter-term EMAs lead longer-term ones, the trend appears constructive.
However, technical momentum has eased since the relative strength index (RSI) surged above 70 at $1.66, signaling an overbought condition. The RSI has since moderated to 55.95, reflecting diminished upward momentum.
Ed_NL foresees a minimum target of $4.40 for XRP in this phase, while acknowledging that increased momentum could drive prices higher at a faster pace if trading conditions intensify.
Trading Volumes Expand as Whale Participation RisesMarket derivatives data shows a notable increase in XRP trading activity. CoinGlass reports daily volume rising by 14.31% to $9.77 billion, even as open interest declined by 2.61% to $3.77 billion. This pattern suggests reduced leverage in the market, often due to liquidation events or a transition away from newly opened positions, while overall market engagement remains significant.
The combination of strong trading volumes and declining open interest indicates heightened trading, although it may not directly suggest a continuation of the upward trend. Instead, it underlines the dynamic environment where many traders are shifting their positions.
On-chain monitoring firm Santiment has also tracked a marked increase in large XRP transactions and new wallet creation. Whale transactions greater than $100,000 surged to 1,917, the highest level in around a month, signaling active participation by large holders. The overall number of wallets on the network grew by 3,647, further highlighting the active growth of the XRP user base.
On-chain metrics show the most significant whale transaction activity in a month, while newly created wallets point to a broader spread of activity across the XRP network.
As technical indicators are closely monitored, the rapid growth seen in the meme token market demonstrates the value of watching investor behavior and timing. A case in point comes from Fomo App’s data: an initial $99 purchase of the “Niu Lai” token reportedly grew to nearly $370,000, showcasing the swift market fluctuations unique to this sector. Because meme tokens can trend rapidly, tracking not only price but investor engagement and token selection is essential. Fomo App provides real-time discovery, social feeds, investor leaderboards, and trade alerts, allowing users to explore current trends and activity in the meme token landscape.
XRPL Ecosystem Expands with Institutional SupportThe XRP Ledger ecosystem continues to branch out towards new applications, including tokenization and settlement services. According to Santiment, XRPL’s tokenized asset balances alongside RLUSD have reached $4.26 billion, with Ripple reporting $2.4 billion in RLUSD as circulating supply.
Institutional involvement is growing as well. Bitwise recently filed to register a new XRP ETF with the SEC, moving the asset closer to mainstream financial products. The steady addition of new wallets, accelerating transaction volumes, and continued whale activity all point to expanding infrastructure and a maturing network environment as XRP aims for further gains.
XRP climbed 27.6% in the past week, jumping from $1.25 to $1.58 as bullish technical signals and strong accumulation activities drew attention across the crypto market. Notable crypto analyst Ali Martinez pointed to a significant technical pattern now shaping expectations for XRP’s next move.
Inverse head-and-shoulders fuels rallyOn XRP’s daily chart, Martinez identified the completion of an inverse head-and-shoulders formation. This classic chart structure is widely recognized in technical analysis as a bullish reversal pattern, often setting the stage for sustained price advances.
The structure began developing through the spring and summer, with the left shoulder forming around April and May. XRP then established a bottom near $1 in late July and early August, creating the pattern’s head. By late August, a breakout completed the head, while the right shoulder took shape during September.
Currently, XRP is pressing against the neckline resistance at $1.60. The asset has consolidated just below this level in recent sessions, a development that analysts view as building pressure for a possible breakout.
XRP has rallied 27.6% from $1.25 to $1.58, completing the right shoulder of a major inverse head-and-shoulders pattern on the daily chart. Meanwhile, whales have accumulated more than $2 billion worth of XRP in recent days.
$1.60 neckline viewed as trigger for next moveMartinez highlighted the importance of the $1.60 neckline, describing it as the pivotal level for the current setup. A confirmed daily close above $1.60 would complete the inverse head-and-shoulders formation, potentially setting the stage for a significant upward leg.
If XRP breaks through the neckline with strong volume, Martinez estimates the rally could extend another 30%, targeting approximately $2. This level represents not only a technical price objective but also a key psychological milestone for traders and investors.
Price action in this range exhibits signs of accumulation, with the consolidation phase interpreted by some as a period where market participants are positioning ahead of a decisive move.
Whale accumulation supports technical setupAlongside technical analysis, large-scale on-chain movements have reinforced the bullish outlook for XRP. Martinez observed that whales recently accumulated over $2 billion worth of the token. Such substantial acquisitions often indicate anticipation of a major price shift and reflect growing institutional interest in the asset.
Accumulation of this magnitude during a period of price compression further supports the view that the current formation may resolve to the upside. Together, technical and on-chain metrics suggest XRP is at a crucial inflection point.
Market dynamics extend beyond XRPAs the crypto market closely follows XRP’s price structure and whale activity, similar trends of rapid capital flows are evident across the meme token sector. In this segment, an internet meme or trend can quickly turn into a multi-million dollar phenomenon.
Recent data from Fomo App underscored this environment, revealing a trade in the “Niu Lai” meme token that transformed an initial $99 into approximately $370,000. Navigating this fast-moving space requires not only diligent price monitoring but also tracking investor timing and token selection. Fomo App integrates these features on a single platform, providing token discovery, social feeds, investor rankings, and trade notifications, supporting both experienced and new traders engaging with meme tokens.
XRP awaits confirmation of breakoutCurrently, XRP trades at $1.5663, just below its critical neckline. Martinez’s roadmap offers traders and investors a well-defined structure and target to monitor. The token’s next move above $1.60 will likely determine the pattern’s long-term outcome.
The market’s focus remains fixed on whether XRP can execute a decisive breakout, which could validate both technical projections and the heavy inflow of institutional capital seen over recent days.
XRP Trades Near Key Long-Term Levels as Macro Chart Maps Path Toward $8.
XRP is trading around $1.49, down about 5.1% over the past 24 hours, according to CoinMarketCap. The token has traded between approximately $1.49 and $1.65 during the period, with a market capitalization of about $93.6 billion and 24-hour volume of roughly $8.42 billion.
The latest price action places XRP back around a technical region highlighted in the long-term chart. The structure focuses on multi-year consolidation, repeated compression patterns, Fibonacci-derived levels, and the 50-week exponential moving average (EMA).
XRP macro chart predicts XRP price target Long-Term XRP Structure The chart compares two large consolidation structures. In the earlier cycle, XRP spent an extended period compressing inside converging support and resistance before breaking higher. After the breakout, price returned toward the former compression boundary for a retest, followed by a substantial upward expansion.
The larger structure shown on the right follows a similar sequence on a much longer timeframe. XRP formed another broad contracting formation, subsequently moved outside that structure, and is now shown in the chart’s retest phase.
This is the central point of the chart: the current pullback is occurring after the larger multi-year compression was broken, rather than while XRP remains inside that original structure.
50-Week EMA Is the Central Technical Test The most important feature in this XRP chart is the 50-week exponential moving average (50W EMA). The chart presents the current market structure as a battle around this long-term trend measure after XRP’s 2026 decline.
An EMA gives greater weight to recent prices than a simple moving average. On a weekly chart, the 50W EMA therefore represents roughly one year of price history while responding more quickly to recent changes. In this chart, it separates the current recovery/retest from a confirmed return to the larger upward structure.
$1.29, $1.52 and the 50-Week EMA The analysis identifies approximately $1.29 as an important support region and around $1.52 as a significant resistance area, alongside the ongoing test of the 50-week EMA.
With XRP currently around $1.49, price is only about 2% below $1.52 and roughly 15.5% above $1.29.
The chart describes 2026 as the convergence period for these long-term technical structures. Its projected path shows XRP completing the retest before moving toward a group of higher horizontal Fibonacci-extension levels.
Fibonacci Levels Map the Longer-Term XRP Targets The chart also uses Fibonacci extension levels to map the projected price zones above the current structure. The first major extension shown is the 1.618 level near $2.80, followed by the 2.618 extension around $4.20 and the 3.618 level near $5.85. The upper 4.236 extension corresponds to approximately $8.00, which forms the chart’s longer-term projected target.
These Fibonacci levels sit above the immediate $1.52 resistance and 50-week EMA area. Therefore, the chart’s sequence is structured as 50-week EMA/$1.52 test → $2.80 → $4.20 → $5.85 → $8.00. The higher Fibonacci levels are projected technical levels rather than prices XRP has already reached in the current move.
From the current CoinMarketCap price of approximately $1.49, reaching $8 would represent a gain of about 437%, equivalent to approximately 5.37 times the current price.
The $8 level is a technical projection shown by the macro chart, not completed price action. At present, the measurable structure consists of XRP trading near $1.49, while the chart’s previously identified $1.29 support, $1.52 resistance, and 50-week EMA remain the immediate long-term reference points.
XRP options traders are paying an unusually steep premium for upside exposure.
Coinbase Markets has spotted one of the strongest bullish skews seen in the market over the past year.
According to Coinbase Markets, XRP’s one-week 25-delta call-minus-put skew has climbed to 9.3 volatility points. The reading notably sits in the 95th percentile. This essentially means that demand for comparable calls has rarely been this strong relative to puts.
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"XRP options are leaning toward upside convexity," Coinbase Markets said.
For much of late 2025 and the first half of 2026, XRP’s one-week skew was negative, at times falling below -10 volatility points. That meant puts had higher implied volatility than equivalent calls.
However, things changed very swiftly. The skew briefly surged above 15 volatility points in late August before cooling. It has now jumped back toward double-digit territory.
XRP options skew, explained The metric sounds more complicated than it actually is.
Coinbase is comparing the implied volatility of one-week XRP calls with that of comparable one-week puts at the 25-delta level. A 25-delta risk reversal helps to measure whether or not traders are paying more for upside or downside options.
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XRP’s current reading of +9.3 therefore means that the implied volatility attached to the relevant calls is 9.3 volatility points higher than that of comparable puts.
This, of course, does not mean that options traders expect XRP to rise by 9.3%.
Traders appear willing to pay an unusually high price for exposure, but extreme skew is not necessarily an unambiguously bullish price signal.
The bullish options positioning comes after XRP's strong comeback. CoinGecko data shows XRP has gained roughly 18% over the past seven days.
XRP is once again in the spotlight, drawing commentary from high-profile figures in the cryptocurrency sector. Digital Asset Investor, a widely followed crypto analyst, released a new video suggesting that XRP may be on the verge of a substantial price surge, following earlier remarks from Crypto BitLord, who signaled a similarly bullish outlook for the token.
Digital Asset Investor identified $1.52 as a pivotal resistance level for XRP. According to his assessment, the price is currently testing this area. He remarked, “I think this thing is about to blast off. I am totally locked in,” showing strong conviction in a potential breakout above this point.
Resistance levels such as $1.52 are frequently monitored by traders because a sustained move above key resistance may drive increased buying pressure. Digital Asset Investor argued that if XRP breaks and holds above this threshold, it could trigger significant upward movement in the price.
Digital Asset Investor described $1.52 as a crucial resistance and stated his belief in an impending sharp move for XRP, adding, “I am totally locked in.”
These bullish statements align with growing optimism among some traders regarding XRP’s near-term prospects. The commentary from Digital Asset Investor quickly made rounds in the online trading community, fueling debate about the coin’s trajectory.
The video by Digital Asset Investor sparked a range of reactions across the crypto community. Some commenters expressed skepticism about the significance of the current price levels, suggesting the excitement was overstated.
One community member questioned the focus on price action around $1.6 and implied that such movements do not justify the heightened enthusiasm. Another user challenged the credibility of commentators making these predictions, asking if anyone seriously relies on their analyses. A third participant outright dismissed the bullish outlook, reflecting the divided opinions that often accompany sharp price moves in the crypto sector.
XRP technical outlook and current priceCurrently, XRP is trading at $1.62 after rallying more than 7% in the last 24 hours. Technical analysts remain divided over whether the coin can sustain this price above the critical $1.52 resistance with sufficient trading volume to confirm a breakout.
ParameterCurrent ValueXRP price$1.62Key resistance$1.5224h change+7%Some market observers argue that XRP is currently in a “buy zone” with the potential for a massive move if the resistance is decisively broken. The evolving situation has kept XRP at the center of crypto market discussions.
Digital Asset Investor’s vocal and confident stance continued to energize parts of the community, though opinions remain split on whether this will translate to a durable trend change for the asset.
Mini dictionary: Digital Asset Investor is a crypto-focused social media commentator followed by a large online audience, known for bold market predictions and technical analysis content, particularly on platforms such as X and YouTube.
Technical analysts are divided on whether XRP can sustain above the $1.52 resistance level, with some seeing this area as critical for confirming any significant upward momentum.
XRP could soon enter a new stage focusing on utility, particularly in the area of cross-border settlement for financial institutions. This direction was explored by crypto researcher SMQKE, who recently commented that the “next phase for XRP is the utility phase,” highlighting the evolving role of the asset within global banking infrastructure.
Financial institutions explore XRP for settlementsAccording to industry discussions, banking adoption of XRP may advance from today’s fiat-based systems toward a model in which banks choose whether to settle using XRP during international transactions. A commonly cited example involves a German bank seeking to send Turkish lira. Instead of holding foreign currency reserves, the German bank could transfer the equivalent value in XRP to a partner institution, which would provide the required lira.
This approach could streamline settlements by allowing banks to fulfill cross-border payment needs in real time without holding balances in multiple jurisdictions. Industry specialists describe this scenario as the “ultimate end goal” for XRP’s integration into the banking sector.
Discussions at Blockchain Venture Summit outlined how banks might leverage XRP to transfer value between currencies, eliminating the need to maintain account balances in numerous countries and enabling near-instant settlements.
Connectivity as a first stepBefore banks can fully utilize XRP in this capacity, experts state that establishing connectivity is critical. Financial institutions would initially join the network and use it to enhance their current services. Over time, as banks familiarize themselves with the system, they could develop new offerings centered around the infrastructure powered by XRP.
A key challenge arises when banks with operations in dozens of countries want to minimize the costs and risks tied to managing numerous currency accounts. By using XRP as a bridge asset, these banks could settle transactions as needed, reducing their exposure to foreign exchange fluctuations and freeing up liquidity for other priorities.
This phased approach reflects typical patterns in banking adoption of new technologies, where gradual integration allows institutions to test and expand services as confidence grows.
Market context and real-world utilitySMQKE frames this transition to utility not as a price forecast, but as recognition of XRP’s broader potential within mainstream finance. Commenters such as MEPH emphasize that demonstrated usage and robust liquidity will be crucial for XRP’s utility-driven case to scale and deliver long-term value.
While there is no confirmation that major banks have rolled out large-scale XRP settlements, industry figures continue to discuss the progression from initial network connectivity toward comprehensive cross-border solutions. These conversations underscore the growing interest in digital assets designed for settlement and payment use cases, especially as blockchain and conventional finance begin to intersect.
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SMQKE positions XRP as moving toward a phase where its main value comes from powering real settlement infrastructure, rather than from pure speculation or price appreciation.
