Crypto Rover, a well-known digital asset trader and YouTube personality, has unveiled a series of long-term price targets for several major cryptocurrencies, including XRP, Bitcoin, and Ethereum. His projections have generated significant attention across the crypto community due to their highly ambitious nature.
The Numbers on the TableAccording to Crypto Rover, XRP is currently trading at $1.34, but he anticipates a long-term price of $100 for the token. This target, representing an increase of roughly 7,363%, marks one of the most dramatic forecasts on his list, positioning XRP as a clear standout among the covered digital assets.
For Bitcoin, which presently trades near $82,792, Crypto Rover set a lofty $1 million goal, implying a 1,108% rise from current levels. Ethereum, at $2,439, was assigned a $50,000 target—a potential appreciation of about 1,950%.
Other tokens on his list included BNB at $739 with a $10,000 projection (1,252% upside), Chainlink at $12.19 targeting $2,000 (16,407% increase), NEAR Protocol at $5.00 with a $500 target (9,900% gain), Dogecoin at $0.0798 seeking $10 (12,432% surge), HBAR at $0.0822 with a $5 goal (5,985% rise), and Stellar at $0.179 with a $10 projection (5,487% increase).
AssetCurrent PriceCrypto Rover Target% IncreaseBitcoin (BTC)$82,792$1,000,0001,108%Ethereum (ETH)$2,439$50,0001,950%BNB$739$10,0001,252%XRP$1.34$1007,363%Chainlink (LINK)$12.19$2,00016,407%NEAR Protocol$5.00$5009,900%Dogecoin (DOGE)$0.0798$1012,432%HBAR$0.0822$55,985%Stellar (XLM)$0.179$105,487%Crypto Rover openly described his forecasts as seemingly unrealistic for most investors, characterizing the targets as based on conviction rather than cautious estimates.
Crypto Rover issued his bold projections for coins including $BTC, $ETH, $BNB, and $XRP, stating that his long-term price targets will sound insane to most investors, but he urged followers to keep these numbers in mind.
XRP Among Long-Term ProjectionsThe magnitude of these forecasts signals a view rooted in long-term market evolution. Crypto Rover did not specify any timeline for these targets, leaving open questions regarding when such price levels could be reached. His analysis seemed to assume major shifts in adoption, enhanced regulatory clarity, and substantial new capital entering the sector.
XRP’s $100 target stands out given the token’s focus on cross-border transactions and its high-profile legal proceedings in the United States. Ripple, the company behind XRP, has developed technologies aimed at improving global payments.
Mini dictionary: Ripple, a technology company, created the XRP Ledger and promotes the adoption of its digital asset XRP as an efficient vehicle for cross-border settlement. The firm has faced significant legal challenges regarding regulatory classification of XRP in the U.S.
Crypto Rover’s predictions received a broad spectrum of responses from the community. Some users questioned the omission of Solana, one of the largest digital assets by market capitalization, and asked whether this suggests negative prospects for the project.
Others described certain projections as surprisingly conservative, particularly for assets like Bitcoin, and expressed general concurrence with the ambitious targets set for altcoins. A few commenters suggested that additional analysis could lead Crypto Rover to revise his price targets higher for assets such as Stellar (XLM).
Some community members pushed back against the predictions, arguing that labeling projections simply as “long-term” provides insufficient context for meaningful evaluation.
In response to criticism, community members expressed views ranging from skepticism over the lack of timelines and missing assets to support for the conviction-based targets, illustrating deep divides on how to interpret such ambitious forecasts.
XRP fiyatı, Bitcoin ve Ethereum‘daki toparlanmaya eşlik ederek 1,40 dolara yaklaştı ancak bu seviyeyi aşamadı. Fiyat 1,33 dolara gerilerken spot XRP ETF’lerinde 13 haftalık net giriş serisinin sona ermesi ve XRP Ledger güncellemesinin ertelenmesi gündemdeki yerini koruyor. Öte yandan Ripple, düzenleyici çerçeve ve kurumsal hizmetler tarafında yeni adımlar atıyor.
Ripple Kurumsal Alanda Büyüyor, XRPL Güncellemesi Ertelendi Ripple, SEC’in önerdiği kripto varlık düzenleme çerçevesini destekledi. Şirket, kripto sektöründe vakaya göre değişen yaptırımlar yerine açık yasal düzenlemelere ihtiyaç olduğunu savundu. Ripple ayrıca bir varlığın menkul kıymet sayılıp sayılmadığının yalnızca token üzerinden değil, yatırım sözleşmesi üzerinden değerlendirilmesi gerektiğini belirtti.
Şirketin kurumsal faaliyetleri de genişliyor. Ripple Prime, gerçek dünya varlıklarına (RWA) dayalı 7/24 sürekli işlem ürünleri sunarken Cross River Bank, Ripple’ın RLUSD stablecoin’ini bankacılık platformuna taşıma konusunda ortaklık kurdu.
Bununla birlikte XRP Ledger’ın fixCleanup3_4_0 güncellemesi ertelendi. Doğrulayıcı desteğinin gereken yüzde 80 eşiğinin altına kısa süreliğine düşmesi, 23 Ekim için beklenen aktivasyonu kasım ayına bıraktı.
Ripple ekosistemindeki bir diğer gelişme ise sınır ötesi token için resmî X hesabının açılması oldu. Hesap birkaç saat içinde yaklaşık 50 bin takipçiye ulaştı; haberin yayımlandığı sırada takipçi sayısı 150 bini aşmıştı. Ripple CEO’su Brad Garlinghouse’un yanı sıra Gemini, Uphold, Flare ve MoonPay gibi hesaplar da yeni hesabı karşıladı.
XRP ETF’lerinde 13 Haftalık Giriş Serisi Sona Erdi Spot XRP ETF’leri, 15 Ekim’de sona eren haftada 2 milyon doların altında net çıkış kaydetti. Böylece fonlarda 13 hafta boyunca devam eden net giriş serisi sona erdi. Bu gelişme, birkaç hafta önce görülen 75 milyon dolarlık net girişle belirgin bir tezat oluşturdu.
Yeni haftanın ilk iki işlem gününde raporlanabilir net akış görülmedi. 21 Ekim’de girişlerin yeniden pozitife dönmesi olumlu bir işaret olsa da tutar 1 milyon doların altında kaldı. Bu veriler, ETF talebinin önceki döneme kıyasla zayıfladığına işaret ediyor.
XRP Fiyatında 1,33 Dolar Kritik Eşik Bitcoin 82.000 dolar, Ethereum ise 2.406 dolar seviyesindeyken XRP 1,40 dolara yaklaşmasına rağmen bu direnci aşamadı.
Santiment’in 365 günlük piyasa değeri-gerçekleşen değer (MVRV) verisi XRP için yaklaşık 0,92 seviyesinde. Bu oran, son bir yılda alım yapan ortalama yatırımcının zararda olduğuna işaret ediyor. Geçmişte bu tür seviyeler daha elverişli alım bölgeleriyle ilişkilendirilse de gösterge tek başına fiyatın toparlanacağını garanti etmiyor.
Borsa verileri ise temkinli bir görünüm sunuyor. Binance’teki küçük ölçekli XRP çekimlerinin toplam içindeki payı Ekim 2024’ten bu yana en yüksek seviyeye çıkarken büyük yatırımcı işlemlerinin göreli payı geriledi. Binance, Upbit ve Bithumb’daki toplam XRP rezervlerinin değeri de yaklaşık 120 milyon dolar arttı.
Teknik görünümde 1,33 dolar yakından izleniyor. Analist ChartNerd’e göre XRP’nin 20 haftalık üssel hareketli ortalamanın (EMA) altında haftalık kapanışlar yapmayı sürdürmesi, 1 dolar seviyesinin yeniden test edilmesi riskini artırabilir. Buna karşılık 1,33 doların yeniden kazanılması, 1,50–1,55 dolar aralığına ve daha olumlu bir senaryoda 2 dolara doğru hareketin önünü açabilir.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
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XRP consolidated for roughly two years before launching into a historic rally in 2017 and 2018.
Vandell Aljarrah, co-founder of Black Swan Capitalist, called attention to this history in a recent post on X. He used it to urge investors not to lose patience during prolonged market stagnation.
Aljarrah stressed that XRP’s historical price action is a reminder of how long consolidation can precede a major market expansion.
“Losing patience during market stagnation is a novice mistake,” he wrote. He recalled how XRP consolidated for approximately two years before executing a 62,000% macro expansion phase in 2017 and 2018.
XRP Historic Rally The accompanying XRP/USD weekly chart illustrates the extended trading range that preceded the rally. XRP spent roughly 742 days consolidating around the $0.004–$0.011 range before breaking out in 2017 and eventually reaching its cycle peak in January 2018.
The chart’s measurement highlights the scale of the subsequent advance, showing a 630X price gain.
XRP 1-Week Chart Showing 630% Price Surge in 2017/2018 Black Swan Capitalist Co-founder Revises XRP Rally Estimate Meanwhile, Aljarrah’s post prompted a discussion about just how much XRP gained during its historic run.
One commenter argued that the rally was closer to 64,000%, measuring the move from approximately $0.006 to XRP’s all-time high of $3.84. Aljarrah responded that the percentage depends on the starting point and exchange used to determine the price.
He argued that measuring from XRP’s 2014 cycle lows to its January 2018 peak produces a much larger gain of approximately 119,000%.
Depends where you measure it from exactly, and what exchange you're looking at. If you measure from the cycle lows of 2014 to the cycle high in Jan 2018 it was actually a 119,000% move up.
— Vandell | Black Swan Capitalist (@vandell33) October 20, 2026
Can XRP Repeat Its 2017–2018 Performance? Not everyone agreed that XRP’s previous rally offers a useful template for the current market.
One commenter argued that today’s cryptocurrency market differs considerably from the 2017–2018 cycle. He cited the influence of market makers and alleged corruption as reasons not to expect a repeat performance.
Another questioned XRP’s long-term value, arguing that its previous rise from fractions of a cent to several dollars had not translated into comparable subsequent price appreciation.
These concerns highlight doubts about whether XRP’s past price patterns can predict its future, given how much the crypto market has changed.
XRP is currently trading at $1.34, up 2.6% over the past 24 hours, according to the CoinMarketCap data provided in the report.
At this price, XRP remains approximately 65% below its previous peak of $3.84. A 62,000% increase from its current price of $1.34 would push XRP to approximately $832. Many analysts consider such a price target unrealistic in the short term, although they may view it as a possibility over several decades.
Ultimately, Aljarrah’s argument rests on the idea that patience is important during prolonged periods of limited price movement, as recovery phases may eventually follow. For context, XRP recorded a price surge of nearly 700% during the 2024–2025 market cycle.
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.
Crypto analyst Ali Martinez noted that the recent rebound in Bitcoin (BTC), XRP, and Cardano (ADA) prices coincided with a sharp increase in cryptocurrency inflows to exchanges. Martinez pointed out that large investors could have an influence on short-term price movements.
During the same period, there was also a remarkable increase in the amount of Bitcoin sent to cryptocurrency exchanges. According to the data, exchange inflows rose from approximately 7,682 BTC to 25,124 BTC.
These figures show that the amount of Bitcoin channeled to exchanges more than tripled in a two-day period.
Martinez stated that similar activity was observed in the XRP and ADA markets. According to the analyst, the increase in exchange inflows along with the price recovery in the three crypto assets strengthens the possibility that large investors are playing a significant role in market movements.
Transfers, particularly those made by investors holding large amounts of cryptocurrency and known as whales in the market, can affect short-term supply and liquidity conditions.
However, large-scale transfers to exchanges do not necessarily mean that direct sales are being made. These transactions can also be carried out for various investment and liquidity management purposes.
Martinez’s assessment suggests that large investor movements may be behind the recent price increases in BTC, XRP, and ADA.
However, the available data does not definitively prove that these price changes were caused by intentional market intervention. The simultaneous price and transfer movements highlighted by the analyst are among the indicators that should be monitored to assess the short-term direction of the market.
*This is not investment advice.
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Vandell, co-founder of Black Swan Capitalist, expressed confidence that XRP’s price can appreciate further without relying on greater utility, regulatory clarity, or widespread adoption. Black Swan Capitalist is an investment research firm specializing in digital asset analysis and strategy.
XRP price growth driven by scarcity and speculationOn X, Vandell pointed to XRP’s price history as evidence for his position. He argued that market forces such as scarcity, narrative, and speculation have historically driven the asset’s value. In his view, these forces may remain more influential than utility-based developments.
While not dismissing institutional adoption, Vandell described it as an additional source of demand rather than a necessity for price appreciation. He suggested that other dynamics, including the fixed supply and ongoing dollar-denominated inflation, play larger roles in determining price movements.
XRP does not need utility to go higher. According to Vandell, markets tend to price scarcity and narrative over utility, citing fixed supply, escrow mechanisms, perceived value, and overall asset inflation as primary drivers.
Vandell responded to inquiries from David Frank, who questioned how an asset without practical utility could rise in value. To illustrate his argument, the Black Swan Capitalist co-founder compared XRP’s steep rise from less than one cent to its all-time high—gaining over 115,000%—with Bitcoin’s growth from about $1 to roughly $126,000.
He attributed these increases to asset inflation within the debt-heavy global financial system, indicating that fundamental demand is often not a prerequisite for significant price appreciation.
Market factors beyond utilityExpanding on his thesis, Vandell emphasized that utility is not the sole driver of asset values in the cryptocurrency market. He listed scarcity, market sentiment, and macroeconomic factors such as dollar inflation as the most important contributors to price dynamics.
He pointed out XRP’s fixed supply and use of escrow arrangements as features that may appeal to investors. These characteristics could maintain upward pressure on the asset’s price, even if practical adoption lags behind expectations.
Although Vandell acknowledged that utility and institutional adoption could support further gains, he maintained that these are not the only relevant drivers for price performance.
Mini dictionary: Escrow mechanism, a structure where a portion of XRP is locked and released over time to help manage supply, intended to prevent flooding the market.
Other members of the XRP community voiced disagreement. Trevor Wells argued that utility is directly linked to token value, challenging Vandell’s comparison with Bitcoin.
Another participant, FlowOverNoise, agreed that speculation can drive prices but noted that since 2017 the crypto market has evolved. This commenter emphasized the increasing relevance of asset tokenization and institutional liquidity needs, suggesting these factors make utility-oriented demand more important.
FlowOverNoise added that should financial institutions need to acquire and hold XRP for liquidity transfer or reserves, demand arising from use cases could become a larger driver for price movement than mere speculation.
This debate underscores the existence of two distinct views within the XRP community. While some believe that speculation, scarcity, and broader economic trends will continue as the main price drivers, others emphasize long-term utility and real-world adoption as crucial for future growth.
Speculation, scarcity, and macroeconomic factors may continue to affect prices for $XRP, but some analysts believe that expanding utility and institutional adoption could have a growing impact over time.
XRP continued to face downward pressure on Thursday, with buyers unable to sustain recent recovery efforts. The token traded around $1.34, staying below several major moving averages and highlighting the market’s cautious tone.
Mixed derivatives and futures signalsFutures market dynamics revealed growing uncertainty among traders. Data from CoinGlass showed XRP’s long-to-short ratio at 0.86 on Thursday, marking its lowest point in over a month and indicating a clear preference for short positions.
A ratio lower than one points to sellers controlling the majority of positions, making the near-term outlook bearish for XRP. Short dominance has become more pronounced in recent days as the price struggled to regain lost ground.
Despite this, the perpetual futures funding rate for XRP turned positive on Monday and edged up to 0.0064% by Thursday. With this positive funding, traders holding long positions pay those on the short side, suggesting some market participants still expect a rebound.
This apparent split between bearish positioning and positive funding reflects uncertainty over whether XRP’s recent dip marks the end of its decline or the start of a deeper correction.
CryptoQuant, a digital asset analytics firm, pointed out large whale orders alongside heavy spot and futures activity in XRP. While substantial orders often signal key interest levels, CryptoQuant observed that sell-side dominance in futures added to a cautious overall sentiment.
The combination of these conflicting signals leaves buyers with little clear evidence of momentum for a sustained move higher.
Mini dictionary: CoinGlass is a cryptocurrency derivatives data and analytics platform widely used by traders to monitor futures and options markets for major coins.
XRP’s positioning across derivatives platforms shows mixed signals, with large whale orders and significant sell-side presence constraining the potential for a robust recovery.
Technical resistance and support levelsShort-term technical charts reinforce the cautious outlook. Both daily and 4-hour timeframes show XRP trading under key resistance levels, particularly the 200-day Exponential Moving Average at $1.374 and the 50-day EMA at $1.375. These indicators create a narrow resistance zone that buyers would need to reclaim before further advances could develop.
Weak technical momentum adds to the challenge. The Relative Strength Index (RSI) stands near 44, below the neutral 50 mark, and the Moving Average Convergence Divergence (MACD) remains marginally negative, indicating that sellers are still active.
If XRP breaks through resistance at $1.374–$1.375, the next upside target would be horizontal resistance at $1.540, with a further obstacle waiting near $1.900 should a broader rally occur.
To the downside, the token continues to find initial support at the 100-day EMA around $1.337. A move below this level could lead the price toward horizontal support at $1.300. Failure to hold $1.300 would threaten the stabilization effort and potentially push XRP toward the recent swing low of $1.25.
LevelTypeValueKey Resistance200-day/50-day EMA$1.374–$1.375Support100-day EMA$1.337Secondary SupportHorizontal$1.300Swing LowRecent Low$1.25For now, XRP remains locked between identified support and resistance, with technicals and derivatives data both suggesting that buyers and sellers have yet to gain clear control of market direction.
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Ripple's former Chief Technology Officer David Schwartz posted on X a photo of him unboxing physical Fuzzy Cards boosters in his own kitchen. Schwartz directly thanked the senders, mentioning the official project account.
For market participants, this gesture by the legendary developer became a demonstration of top management's interest in a physical game based on XRP, which until now had not been noticed by a wide circle of traders.
Ripple CTO Emeritus David Schwartz unboxes physical Fuzzy Cards, Source: @JoelKatz / X You Might Also Like
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Earlier in May, Schwartz opened a trustline to the project's native token FUZZY, and the card demonstration took place on the eve of the Ripple Swell 2026 conference in New York, where the community is preparing a parallel event, FuzzyCon.
How a 2014 order turned into a board gameFuzzy Cards is based on a historical precedent: on January 1, 2014, the FuzzyBear wallet placed an order on the XRPL decentralized exchange to swap 1 XRP for 1 BTC. The order remained unfilled, but in early 2025 the community launched the meme token FUZZY as a tribute, which by October 2026 had gathered more than 11,500 holders.
In this context, the Swiss publisher XPUNKS GmbH (Zug), led by Kai Leroy, released the first trading card game within the XRP Ledger. The starter series includes 150 unique cards (Heroes, Relics, Events) across five in-game factions, about 60 of which are produced in holographic format.
Distribution is tied to a hybrid on-chain mechanic: users buy digital packs in NFT format (XLS-20 standard) and irreversibly burn them through a special portal to receive a physical counterpart. After the burn is recorded on the blockchain, the system sends the owner a sealed paper booster of 5 random cards that support professional grading by CGC, PCA, and TAG.
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To date, holders have burned about 100,000 booster packs. According to Leroy's estimate, this process is developing against the backdrop of a bull run, largely unnoticed by the market, in the sector of hybrid Web3 projects, where demand is shifting toward tangible assets.
The high barrier to copying the project is due to long physical production times and the complexity of balancing game mathematics: a 150-card set can generate trillions of combinations, which protects the sector from quick speculative launches.
At the same time, FUZZY remains a volatile meme asset whose price is tied to the XRP market, while the retail distribution program through local board game stores for a commission is still at the rollout stage.
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.
A rapidly spreading theory in the XRP community suggests that the US government could acquire XRP at a fixed price of $10,000 per token, using US Treasury Bills instead of direct cash payments. The concept gained visibility after prominent XRP commentator Olesya outlined the scenario and ran it through the artificial intelligence platform ChatGPT for analysis.
The foundation of the $10,000 XRP theoryOlesya described a situation in which the US Treasury, Federal Reserve, or a comparable financial institution would negotiate directly with Ripple Labs—the company that creates technology for global payments using XRP. According to the theory, the government would buy XRP held in Ripple’s escrow accounts at a predetermined price of $10,000 for each token.
Instead of paying cash, the US would provide Treasury Bills, allowing Ripple to keep the T-Bills as reserves, use them as collateral, or sell them for liquidity on secondary markets.
ChatGPT’s analysis reports that a state-level purchase at such a price would establish a global benchmark, potentially forcing other governments and financial institutions to accept similar terms or risk being sidelined from international financial activities.
Olesya posted details of her theory on social media, sharing ChatGPT’s conclusion that the government could buy XRP escrow at $10,000 per token, using Treasury Bills, and initiating a wider impact across global finance.
Mini dictionary: Ripple Labs is the company behind technologies that facilitate real-time gross settlement and currency exchange, primarily using the XRP cryptocurrency within their solutions.
Arguments for US interest in XRPAccording to the AI-assisted analysis, one motive for such an acquisition would be to prevent countries perceived as adversaries from purchasing and then offloading large amounts of XRP, which could disrupt the emerging blockchain-based financial system.
The scenario suggests the US could reinforce its influence over international finance, even while reducing reliance on the dollar, since transactions involving XRP would continue to use dollar-linked assets such as Treasury Bills.
The analysis further proposes that this approach would help the US prepare for a financial system increasingly reliant on blockchain, with XRP acting as a mechanism for fast global settlements, smart contracts, and tokenized financial instruments.
Mini dictionary: Escrow refers to XRP locked in a cryptographically-secure account at Ripple Labs, with scheduled monthly releases. This mechanism is designed to provide supply predictability and market confidence.
Potential outcomes for XRP holdersThe ChatGPT analysis detailed potential effects for retail investors if XRP were set at a $10,000 price. In this hypothetical, current private holders would see the value of their holdings soar, in theory becoming multimillionaires overnight.
However, the analysis also suggested that a government move at this scale could prompt regulatory restrictions on retail XRP ownership, such as mandating conversion into central bank digital currency or similar instruments. It also proposed that private financial institutions might rush to buy XRP before a governmental acquisition or substantial new regulations.
Reception and current statusOlesya made it clear that her theory is speculative and did not claim any official endorsement or confirmation from US authorities. She did not provide further comments beyond posting ChatGPT’s findings and inviting community discussion.
There is no confirmation from the US Treasury, Federal Reserve, or Ripple regarding the possibility of a government-backed XRP acquisition, and none of these entities has issued public statements on the subject.
The scenario remains a speculative exercise within the community, with no official statements or evidence of government plans to purchase XRP from Ripple or to use Treasury Bills in such a transaction.
The XRP Ledger now handles close to 3 million transactions per day and holds about 8.2 million accounts. It is also being used more for stablecoins, trading and tokenized assets.
The mix of activity is changing. The network processed 222.4 million transactions in Q2 2026, its second-highest quarter on record. Yet daily active accounts fell.
At the same time, order-book trading rose 79% year over year in Q2. The average value of tokenized assets on the network reached about $3.72 billion, and adding RLUSD lifted that to about $4.26 billion.
This article reviews the main XRP Ledger statistics for 2026 using data from Blockworks, Evernorth, DefiLlama, Bitquery and others. Providers measure activity in different ways, so we explain how each figure is counted.
XRP Ledger Statistics at a Glance Table of Contents
The table below collects the main figures for 2026. The source is listed for each one.
Metric Figure Source Total accounts About 8.2 million XRPL analytics New accounts, first half of 2026 About 490,000 XRPL analytics Q1 2026 transactions About 238 million (record) Blockworks Q2 2026 transactions 222.4 million Evernorth Current daily transactions About 2.9 million DefiLlama Payment share of Q1 transactions 51.3% Blockworks Q2 DEX volume per day 4.42 million XRP Evernorth Order-book volume growth, Q2 +79% year over year Evernorth Stablecoin market cap Above $1.1 billion DefiLlama Average RLUSD balance, Q2 $539 million Evernorth Average tokenized assets, Q2 $3.72 billion Evernorth Transactions since launch About 5.06 billion Bitquery XRP burned through fees About 14.4 million XRPL Dashboard There is no single accepted definition of an active account, a DEX trade or a tokenized asset. That is why figures from different providers can look far apart.
How Many XRP Ledger Accounts Are There? Current XRPL analytics put the number of accounts at about 8.2 million. At the end of Q3 2025, the total was about 6.9 million. The count grew 6.1% in that quarter alone.
Growth continued in 2026. About 490,000 new addresses were added in the first half of the year. XRP Ledger Dashboard recently recorded more than 22,000 account creations over a seven-day period.
Figure 1: XRPL accounts rose from about 6.9 million at the end of Q3 2025 to about 8.2 million. Account counts are not user counts. One person can control several addresses.
The reverse also happens. A single exchange address can serve thousands or millions of customers. XRPL supports destination tags, which let custodians identify each customer deposit without creating a new address for every user.
Account creation requires XRP An XRPL account must hold a base reserve before it is fully active. The reserve fell from 10 XRP to 1 XRP in December 2024.
Because each account needs some XRP, creating huge numbers of accounts carries a cost. That makes raw account creation harder to spam than on networks where addresses are free. The lower reserve did make accounts cheaper to create than in past years.
How Many People Use the XRP Ledger Each Day? This is harder to answer than it looks. DefiLlama reports about 39,000 active XRPL addresses in 24 hours, along with about 2,800 new addresses. A late-September snapshot showed more than 45,000 active addresses and 3,129 new ones in a single day.
Evernorth’s Q2 analysis found a lower average of 16,587 daily transacting accounts. Blockworks reported a similar figure of about 16,800.
Figure 2: Daily active account counts range from about 16,600 to 45,000 depending on the provider. Why the gap? Providers define activity differently. Evernorth’s measure focuses on addresses that start transactions, while broader datasets can include other kinds of ledger activity.
Provider Measure Figure DefiLlama Active addresses, 24 hours About 39,000 DefiLlama Active addresses, late-September snapshot More than 45,000 Evernorth Daily transacting accounts, Q2 average 16,587 Blockworks Daily active addresses, Q2 average About 16,800 The safe takeaway is not that XRPL has exactly 16,000 or 40,000 daily users. Address-based statistics do not translate directly into unique people.
Active accounts fell in Q2 2026 Even with strong transaction counts, daily participation weakened in Q2. Evernorth’s 16,587 transacting accounts per day was down about 24% to 25% from a year earlier. New accounts averaged 2,783 per day, also down about 25%.
Blockworks’ broader data showed a similar picture. Daily active addresses of about 16,800 were down 10.7% from Q1 and 24.5% year over year.
This sets up one of the main trends of 2026. Transaction counts and asset values stayed high while active-address measures fell.
XRP Ledger Transaction Statistics XRPL processed about 222.4 million transactions in Q2 2026. That was its second-highest quarterly total on record. Q1 2026 set the record at about 238 million, so Q2 fell about 6.5% from the prior quarter.
Q2 averaged about 2.44 million transactions per day. DefiLlama recently recorded around 2.9 million in a 24-hour period.
Figure 3: Average daily transactions rose from 1.83 million in Q4 2025 to about 2.9 million in the latest 24-hour reading. Q1 transactions jumped 35% The rise began earlier in the year. Blockworks reported that average daily transactions grew from 1.83 million in Q4 2025 to 2.48 million in Q1 2026. That is growth of 35.3% quarter over quarter.
Activity eased a little in Q2, but throughput stayed well above many earlier periods.
Period Measure Figure Q4 2025 Average per day 1.83 million Q1 2026 Total About 238 million Q1 2026 Average per day 2.48 million Q2 2026 Total 222.4 million Q2 2026 Average per day About 2.44 million Latest 24 hours Total About 2.9 million More than 5 billion transactions since launch Bitquery analyzed the full ledger through September 2026 and counted about 5.06 billion transactions. Few public blockchains have handled that volume over so long a period.
The same research carries a warning. In August 2026, just 793 accounts generated about 93% of transaction traffic.
That points to automated services, market-making bots and other machine activity. A high transaction count does not mean millions of people use XRPL by hand each day.
Payments and Fees on the XRP Ledger XRP was built mainly for moving value, and payments remain the largest transaction type. In Q1 2026, payments made up 51.3% of all transactions.
OfferCreate transactions place orders on the built-in decentralized exchange. They made up another 33.7%. Together the two types were about 85% of network activity.
Figure 4: Payments and OfferCreate orders made up about 85% of XRPL transactions in Q1 2026. Payments had passed OfferCreate for eight straight quarters by Q1. Before 2024, OfferCreate was often the largest category.
What counts as an XRPL payment? A Payment transaction does more than send XRP. It can move XRP, RLUSD, other stablecoins, issued currencies and tokenized assets.
XRPL also supports payment paths that can swap one asset for another along the way. A sender can hold one currency while the recipient receives another. This has been part of the ledger’s focus on payments and foreign-exchange settlement.
Transaction fees are very low The base transaction fee is 10 drops. One XRP contains one million drops, so the fee is a tiny fraction of an XRP. Network dashboards still show the 10-drop base fee.
Fees are not paid to validators. The XRP used for fees is permanently destroyed, and about 14.4 million XRP has been burned since the ledger began.
Against a maximum supply of 100 billion XRP, that burn is small. Its main job is to discourage spam, not to shrink supply quickly.
XRPL Decentralized Exchange Statistics Unlike many blockchains, XRPL does not need a separate smart contract app to run an exchange. A central-limit order-book DEX is built into the protocol. Users can offer to trade XRP for tokens, tokens for XRP or one token for another.
XRPL later added automated market makers, or AMMs, through XLS-30. Order books and liquidity pools now work side by side.
DEX volume averaged 4.42 million XRP per day Total DEX trading in Q2 2026 averaged about 4.42 million XRP per day. That is about 20% higher than Q2 2025 and about 16% below Q1 2026.
In dollar terms, Blockworks-based data put Q2 DEX volume at about $482.9 million. DefiLlama shows about $3.7 million over 24 hours and about $36 million over seven days. Daily volume moves with XRP prices and market conditions.
Order-book volume rose 79% Order-book trading averaged 3.57 million XRP per day in Q2, up from about 1.99 million a year earlier. That is growth of about 79%.
Order books made up 81% of XRPL DEX trading in Q2, compared with 54% a year before. AMMs therefore held a smaller share of volume, though they remain an important part of the network.
Figure 5: Order-book volume rose from 1.99 million to 3.57 million XRP per day year over year. Fewer traders are moving more XRP Trading became more concentrated. The number of accounts placing order-book trades each day fell from 1,864 to about 1,111, a drop of around 40%.
Average activity per account rose from about 1,072 XRP to 3,217 XRP per day. The typical active account moved roughly three times as much XRP.
Figure 6: Daily order-book accounts fell while average XRP traded per account nearly tripled. Order-book measure Q2 2025 Q2 2026 Volume per day 1.99 million XRP 3.57 million XRP Share of DEX volume 54% 81% Accounts trading per day 1,864 1,111 XRP traded per account per day 1,072 3,217 This fits with more activity from professional traders, market makers or institutions. But addresses do not reveal their owners, so the data alone cannot show that institutions replaced retail traders.
AMM pools and token listings XRPL.to indexes more than 30,000 AMM pools. It shows about 25 million XRP of liquidity in the pools covered by its trading statistics.
Many pools hold little liquidity or trade rarely, and a small pool is easy to create. The pool count should not be read as 30,000 real markets.
The same site lists about 20,000 tokens. Its tracked token market has recently shown 4 to 5 million XRP in daily volume, more than 120,000 daily trades and more than 7,000 unique daily traders, depending on the period measured.
As on other blockchains, many tokens have little liquidity. The number of listed tokens is not the number of projects with real economic use.
Stablecoin and RLUSD Statistics on XRPL Stablecoins may be the most important new form of activity on the ledger. DefiLlama estimates XRPL’s stablecoin market cap at about $1.11 billion. RLUSD makes up about 92% of that total.
Other stablecoins on XRPL include USDC, EURCV, USDB, BBRL, EUROP and AUDD. The network was designed to let issued currencies move alongside XRP, which suits stablecoins.
RLUSD balances rose more than 600% Ripple’s dollar-backed RLUSD is now the main stablecoin on the ledger. In Q2 2026, average RLUSD balances on XRPL reached about $539 million. A year earlier they were about $73 million, a rise of roughly 642%.
XRPL’s share of total RLUSD circulation grew from 20% to 34%. The value moved using RLUSD rose about 925% year over year.
Figure 7: Average RLUSD balances on XRPL rose from $73 million to $539 million in a year. RLUSD measure Q2 2025 Q2 2026 Average balance on XRPL $73 million $539 million Share of total RLUSD circulation 20% 34% Value transferred Baseline Up about 925% Stablecoin supply kept growing after Q2. That is why XRPL’s total stablecoin market cap now sits above $1 billion.
The other growth area is real-world asset tokenization. XRPL lets issuers put financial assets directly on the ledger without conventional smart contracts. The ledger supports fungible tokens, multi-purpose tokens, stablecoins, tokenized funds, bonds, Treasury products and other real-world assets.
Issued assets can also trade through the native DEX and AMM.
Tokenized assets averaged $3.72 billion in Q2 Evernorth calculated that tokenized assets on XRPL averaged about $3.72 billion in Q2 2026. That was more than double the Q1 level and more than 30 times the level a year earlier.
Adding average RLUSD balances of about $539 million brings the average network value to $4.26 billion. Six quarters earlier, the same measure was only $99 million.
Figure 8: Tokenization totals range from $21 million to $4.26 billion depending on the definition. Why tokenization numbers differ Tokenization figures change a lot with the method. One tracker reported about $4.10 billion of real-world assets on XRPL at the end of September 2026, but only about $499 million was classed as distributed. DefiLlama uses a narrower active RWA AUM definition and reports about $21 million.
These figures do not necessarily conflict. One may count the total value of tokenized products, while another counts only assets actively issued, distributed or used in DeFi. It is worth checking what any AUM figure measures.
Measure Source Value Average tokenized assets, Q2 2026 Evernorth $3.72 billion Average network value with RLUSD, Q2 2026 Evernorth $4.26 billion Real-world assets represented, end of September Tracker data $4.10 billion Real-world assets classed as distributed Tracker data $499 million DeFi TVL DefiLlama About $40 million Active RWA AUM DefiLlama About $21 million Tokenized Treasuries and institutional controls In Q2 2026, part of a tokenized U.S. Treasury fund was redeemed with the asset leg settling on XRPL in under five seconds. XRPL’s tokenization documentation names Ondo Finance, Société Générale, Ripple and Vert among firms using or building asset infrastructure on the network.
Compliance is a barrier for institutions, since a regulated firm cannot trade with any anonymous wallet. XRPL development has focused on credentials, permissioned domains, permissioned markets, multi-purpose tokens and issuer controls.
These tools let institutions limit access to approved participants while still settling on a blockchain. That is a different target market from fully permissionless DeFi.
Low DeFi TVL does not tell the whole story DefiLlama reports about $40 million in DeFi TVL on XRPL. That is small next to Ethereum or Solana, and it looks at odds with billions in tokenized assets.
The gap is one of definition. A tokenized Treasury issued or settled on XRPL does not necessarily sit inside a lending protocol or liquidity pool. TVL captures only one slice of the network’s economic activity.
More Value, Fewer Participants The clearest theme in the 2026 data is a split between participation and economic activity. In Q2, daily transacting accounts fell about 24% year over year. New accounts fell about 25% and daily order-book traders fell about 40%.
Over the same period, order-book volume rose 79% and total DEX volume rose about 20%. Tokenized asset value rose more than 30 times, RLUSD balances rose more than 600% and RLUSD transfer value rose more than 900%.
Figure 9: In Q2 2026, participation measures fell while stablecoin and trading value measures rose. This does not prove institutional adoption. It does show that the value tied to the active parts of the network is growing much faster than the number of accounts using them.
The Bottom Line The XRP Ledger handles more activity than its small DeFi footprint suggests. It has about 8.2 million accounts and processes roughly 2 to 3 million transactions per day. Q1 2026 set a record at about 238 million, and Q2 followed with 222.4 million.
Payments remain central at 51.3% of Q1 transactions, with DEX orders adding 33.7%. DEX volume is growing even though fewer accounts trade. Q2 volume averaged 4.42 million XRP per day, with order-book trading up 79% and daily order-book traders down about 40%.
The larger change is in stablecoins and tokenization. Average RLUSD balances reached $539 million in Q2, more than six times a year earlier, while tokenized assets averaged about $3.72 billion. Together that put average value on the network near $4.26 billion.
The 2026 story is less about account growth and more about what moves across those accounts. Whether institutional and tokenization use can lead to broader user growth is a key measure to watch.
Sources Blockworks Research: State of XRP Q1 2026. Network transaction totals, transaction-type mix, payments and active accounts. Blockworks Intel: XRP Ledger Analytics. Current transaction, account, stablecoin and DEX analytics. CoinDesk: XRP Ledger Has Fewer Active Accounts but Bigger Trades and More Value. Evernorth Q2 2026 data on order-book activity, accounts, tokenization and RLUSD. DefiLlama: XRP Ledger. Current transactions, active addresses, stablecoin supply, RWA AUM, DeFi TVL and DEX activity. XRPL.org: Decentralized Exchange. Official documentation on the native order-book DEX. XRPL.org: Automated Market Makers. Official documentation on XLS-30 AMMs, liquidity pools and LP tokens. XRPL.org: Real-World Asset Tokenization. Official documentation on tokenized financial assets and institutional use cases. XRPL.org: Stablecoin Issuer. Official information on issuing and trading stablecoins on XRPL. XRPL.to: Token Market Analytics. Live data on token trading, AMMs, traders and liquidity. XRPL.to: On-Chain Analytics. Token counts, AMM pools, trading activity and ledger analytics. Bitquery: XRP Ledger Adoption Audit. Full-ledger study of more than 5 billion transactions and traffic concentration. XRPL Dashboard: Live Ledger Statistics. Account creation, XRP burn, escrow and ledger statistics.
Uphold listed Evernorth stock on Oct. 20, letting eligible U.S. investors trade shares of the XRP treasury company.
Evernorth started trading on Nasdaq on Oct. 12 after merging with Armada Acquisition Corp. II.
The company held about 473 million XRP and raised about $300 million in gross cash proceeds at closing.
Ripple, Kraken, Coinbase, and BitGo were named as initial partners for its treasury strategies.
Uphold’s equities service offers fractional investments starting at $5.
Uphold has added Evernorth Holdings Inc. stock to its platform, giving eligible U.S. investors a new way to gain exposure to XRP. The digital asset trading platform announced the listing on Oct. 20 in a post on X.
Evernorth is a public company that accumulates and manages XRP. It entered public markets holding approximately 473 million XRP tokens.
Buying Evernorth shares is different from owning XRP directly. Shareholders own part of a business, while direct XRP holders own tokens they can move to a personal wallet.
The value of an Evernorth investment depends on more than the price of XRP. It also reflects the company’s financing decisions, operating performance, and treasury management.
New stock listing: $XRPN@Evernorthxrp (XRPN), the public stock backed by a corporate XRP treasury, is now available to trade on Uphold.
Check it out in the Uphold app 📲
Securities are offered via Uphold Securities Inc. in a fractional capacity and custodied by Apex Clearing… pic.twitter.com/XR7Z5tbFRb
— Uphold (@UpholdInc) October 20, 2026
Evernorth’s Path to Nasdaq
Evernorth began trading on Nasdaq on Oct. 12 after combining with Armada Acquisition Corp. II. Armada was a special purpose acquisition company, a business formed to take another company public through a merger.
Armada shareholders approved the deal on Sept. 30. An administrative delay later pushed the transaction past its original schedule.
The first plan called for an Oct. 7 closing and an Oct. 8 trading start. The revised timeline moved the closing to Oct. 9 and the first trading day to Oct. 12.
When the merger closed, Evernorth held approximately 473 million XRP. It had also raised approximately $300 million in gross cash proceeds before transaction expenses.
Backers included Arrington Capital, Pantera Capital, SBI Group, Ripple, Kraken, and GSR. SBI Group is a Japanese financial services company, while GSR is a cryptocurrency trading firm and liquidity provider.
How Evernorth Plans to Use Its XRP
On Oct. 14, Evernorth named Ripple, Kraken, Coinbase, and BitGo as initial execution partners for institutional treasury strategies. The company said deployment was planned to begin in the fourth quarter.
These partnership agreements still depend on customary closing conditions. They also require regulatory and corporate approvals.
Evernorth aims to increase its XRP per share, which measures how much XRP the company holds compared to its outstanding shares. It plans to do this by buying more XRP and earning returns on its current holdings.
Early activities would involve established financial and cryptocurrency firms. Evernorth’s investment and risk team would oversee this work.
A later phase would put capital into decentralized finance applications, which use blockchain-based programs for lending and trading. Evernorth plans to launch these strategies on the XRP Ledger once validators, the servers that verify transactions, activate native lending features and they are proven on the live network.
Uphold’s U.S. equities service requires separate onboarding from its crypto platform. It offers more than 4,000 U.S. stocks and exchange-traded funds, with fractional investments starting at $5.
Users can buy shares with cash or with cryptocurrency converted into dollars. Uphold Securities Inc., a registered broker-dealer, offers the securities, while Apex Clearing Corp. holds them and settles trades.
David Schwartz, Ripple’s Chief Technology Officer, recently drew attention to the Fuzzy Cards project by posting a photo on X of himself opening physical Fuzzy Cards booster packs at home. He publicly expressed his gratitude to the sender and cited the project’s official account in his post.
Schwartz’s engagement spotlights XRP-based card gameFor many in the cryptocurrency community, Schwartz’s gesture was seen as a sign of top-level interest in Fuzzy Cards, a physical trading card game linked to the XRP Ledger. Until this moment, the game had remained under the radar for a sizable number of XRP market participants.
Earlier in May, Schwartz opened a trustline to FUZZY, the meme token powering the project’s game ecosystem. The unboxing photo came just before the Ripple Swell 2026 conference in New York, where XRP supporters are planning a parallel gathering called FuzzyCon dedicated to the card game and its community.
Origins and development of Fuzzy CardsFuzzy Cards traces its story back to a historical event on January 1, 2014, when the FuzzyBear wallet listed an order on the XRP Ledger’s decentralized exchange to swap 1 XRP for 1 BTC. This trade went unfilled, but the anecdote later inspired the creation of FUZZY, launched as a meme token in early 2025. FUZZY had attracted more than 11,500 holders by October 2026.
The project is published by XPUNKS GmbH, a Zug-based Swiss firm led by Kai Leroy, which became the first to introduce a trading card game within the XRP Ledger ecosystem. The debut set offers 150 unique cards grouped into five in-game factions and split between Heroes, Relics, and Events. Of these, around 60 cards are released in special holographic editions.
Mini dictionary: XPUNKS GmbH — A Swiss company specializing in developing NFT and trading card projects on the XRP Ledger, known for its flagship NFT collection and pioneering hybrid Web3 products.
Distribution relies on a hybrid process where users purchase digital packs as NFTs compliant with the XLS-20 protocol. Players then burn these digital packs through a dedicated portal. After each burn is confirmed on the blockchain, the system delivers a sealed physical booster pack containing five randomly drawn cards. These cards are suitable for professional grading by CGC, PCA, and TAG.
AspectFuzzy Cards ProjectTraditional Trading CardsDistribution MethodHybrid (NFT burn-to-physical delivery)Physical sales onlyBlockchain IntegrationXRP Ledger (XLS-20 standard)Not applicableCard Set Size150 unique cardsVariesGrading SupportCGC, PCA, TAGMajor card grading companiesMarket adoption and outlookSo far, collectors and players have burned roughly 100,000 Fuzzy Cards booster packs. XPUNKS GmbH’s founder Kai Leroy assessed that this hybrid mint-and-burn mechanic is gaining traction as part of a broader trend in hybrid Web3 projects, where demand appears to be shifting toward assets with tangible value during the current market upswing.
“A 150-card set can generate trillions of combinations, which helps insulate the sector from rapid speculative launches,” project insiders emphasized, pointing to the challenge of balancing game mechanics with long production timelines.
The difficulty of replicating Fuzzy Cards on short notice is mainly attributed to the intricate balance required for gameplay and the extended timeframes needed for physical production.
Despite ongoing development, FUZZY remains a volatile meme asset, with its market price closely following the broader XRP trend. Meanwhile, efforts to expand retail access through partnerships with local board game stores are still in an early rollout phase, with commissions offered as incentives to partners.
While market activity around $FUZZY grows, most dealers and traders are just beginning to notice the game’s adoption in physical and digital spaces.
XRP holders are facing a surge of targeted scams that have already resulted in multi-million XRP losses across the community, according to analyst Zach Rector. Reflecting growing concern within the ecosystem, Rector has publicly called for heightened vigilance from both new and seasoned XRP investors.
Scam operations targeting XRP users are now running on two fronts. On one side, cybercriminals are creating new social media accounts that closely resemble verified gold badge profiles, posing as Xaman, Ripple, and high-profile community members. These impersonations often seek to gain trust by presenting a familiar identity before directing users to malicious links or fraudulent schemes.
In parallel, scammers have managed to compromise genuine gold badge accounts. These verified accounts, after being obtained through illicit means, are resold on underground markets for prices ranging from $1,200 to $2,000. They are subsequently used to share phishing links designed to deceive followers and drain their cryptocurrency holdings.
Xaman Wallet founder Wietse Wind explained that more than 20 fake X accounts and 10 fraudulent websites impersonate Xaman each day, promoting a false desktop app and a non-existent XRP airdrop. Wind emphasized that no “Xaman” token exists and none will be created, following the promotion of a fake “XMN” token by a compromised verified account.
These methods have greatly amplified the threat landscape for XRP holders, making it increasingly difficult to distinguish genuine updates from fraudulent communications.
Mini dictionary: Xaman, a widely used XRP wallet platform, allows users to safely store and manage their XRP and other tokens on the XRP Ledger. Xaman is known for its commitment to security and user privacy, but it does not have any official desktop app or token.
Scam TypeMethodImpersonated EntityFake accountsNew profile creationXaman, Ripple, community leadersCompromised verified accountsHacked, resold, used for scamsGold badge holdersFake Ripple posts, cloned sites, and influencer impersonationsA fraudulent Ripple profile recently promoted an “XRP Holder Tiers” campaign, luring users to a counterfeit website with promises of exclusive XRP badges. BankXRP, a popular news aggregator in the XRP space, stated that Ripple has never issued such an announcement. The platform reiterated that neither Ripple nor the XRP Ledger ask holders to register for badges or special benefits.
Additionally, websites visually mimicking xaman.app have emerged. These sites both replicate Xaman’s branding and feature counterfeit governance vote badges and wallet connection options, which are designed to empty connected wallets. Impersonators have also targeted Ripple CTO David Schwartz and CEO Brad Garlinghouse, with fake accounts proliferating on platforms such as Instagram and Telegram.
Zach Rector warned that no legitimate party will ever contact XRP holders on social media, email, or other channels offering unsolicited help or requesting sensitive information.
As part of an effort to curb damages and protect users, Rector has launched a free “Crypto Basics” course. The initial lesson covers best practices for securing digital assets and is freely available through a Patreon membership. Rector expressed disappointment over the scale of the attacks, indicating that losses already amount to millions of XRP within the community.
He highlighted the evolving nature of scam tactics, stressing the importance of ongoing education for both newcomers and veteran XRP holders. According to Rector, any unsolicited contact regarding XRP should be regarded as a likely scam attempt and treated with caution.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP Ledger is showing a sharp rise in activity. Data from XRPScan indicates 25.7K active accounts on October 21, up approximately 12% in a single day. The 30-day average is 18.6K, so this is a clear jump above normal levels.
Are They Really New Users?Only 4.5K new accounts were created, a 35.6% increase. That means most of the 25,000 active accounts already existed. Many are probably older wallets that have become active again. The jump looks more like returning users than a flood of newcomers. Still, a rise in both new and returning accounts is a healthy signal for the network.
Source: XRP Ledger Other numbers support the picture. Transactions rose 55.9% to 3.5M, and successful transactions grew 67.8% to 2.9M. Transactions per ledger climbed 61.5% to 179.34, which indicates the ledger is handling more load. XRP burned as fees went up 20% to 747.6 XRP. More activity means more fees are destroyed, which slightly reduces supply.
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Not every metric is positive. Payments fell 4.4% to 741.9K, and payment volume dropped 49.6% to 350.9M XRP. Active users, a separate measure, fell 50% to 85.2K. This indicates the added activity is not necessarily coming from large payments. It may also come from smaller transactions, token activity, or bot-like behavior. The all-time high for active accounts is 106K, so the network is still far from its peak.
What the Price Chart SaysXRP trades near $1.33, after a daily range between $1.32 and $1.37. The price sits just below a key long-term average near $1.37 to $1.40, which has acted as resistance. Support is around $1.25, where the price bounced earlier this month.
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The RSI is below the midpoint, which indicates weak momentum for now. Volume has also been low in recent weeks. If account activity remains high for several days, it may signal real growth.
A move above $1.40 would be the first sign that price is following the network data. A drop below $1.25 would weaken the outlook. For now, the XRP Ledger is busier, but the price has not reacted yet.
Digital asset price forecasts often divide the crypto community into two camps: those who view cryptocurrencies largely as speculative vehicles and those who believe a structural transformation is on the horizon. Online commentator and crypto enthusiast Mino aligns himself with the latter, setting ambitious long-term price targets for several leading tokens that far exceed current market levels.
The reasoning behind the targetsMino has clarified that his projections should not be seen as short-term predictions. He attributes his outlook to a key belief: the market is still valuing digital assets through a speculative lens, which keeps prices tethered far below their potential if a financial infrastructure shift occurs. “These prices look impossible because crypto is still being priced like speculation,” Mino stated. “If digital assets become financial infrastructure, today’s impossible prices will not look impossible forever.”
According to his analysis, a turning point would come if digital assets are repriced as vital components of global financial infrastructures. In such a scenario, Mino argues, valuations could dramatically increase as their use cases and perceived importance expand well beyond investment speculation.
Mino projects XRP at $1,000–$10,000, QNT at $50,000, XLM at $1,000, XDC at $10,000, IOTA at $50–$100, ALGO at $10–$20, ONDO at $100, and HBAR at $10, emphasizing that these prices only seem implausible under the current speculative mindset.
Mini dictionary: Mino is a crypto commentator active on X (formerly Twitter), known for sharing analysis and long-term price projections on leading digital assets.
XRP’s $1,000 price target gains tractionWhile some view four-figure XRP price targets as unrealistic, other industry figures have echoed similar sentiments. Dom Kwok, co-founder of blockchain education app EasyA, has repeatedly mentioned the possibility of XRP reaching $1,000. In a recent tweet, he asserted that “$1,000 is more likely than ever.” Although Kwok did not specify XRP in that particular post, his previous statements have centered on the token.
Kwok has further illustrated his position by calculating potential returns: with $1,000 currently purchasing around 735 XRP, a $1,000 per XRP valuation would see that investment swell to $735,000. He described this scenario as “life-changing money,” highlighting both the magnitude of his conviction and the level of attention drawn from the broader community.
TokenCurrent price* (approx.)Mino’s long-term targetXRP$0.70$1,000–$10,000QNT$85$50,000XLM$0.10$1,000XDC$0.04$10,000IOTA$0.20$50–$100ALGO$0.14$10–$20ONDO$1.10$100HBAR$0.09$10*Current prices as of June 2024; actual prices may vary.
Additionally, Kwok’s promotion of a $1,000 XRP giveaway sparked significant engagement within the XRP community, further illustrating the appeal and debate surrounding such bold predictions.
Rethinking crypto’s role: Speculation or infrastructure?At the core of Mino’s outlook is the belief that digital assets like XRP will eventually move beyond their speculative image. If these tokens become foundational to payment systems and global finance, he argues, their value could reflect that utility. Ripple’s ongoing efforts to position XRP as a cross-border payments tool, along with clearer regulatory stances in the US, continue to shape expectations for the token’s future.
The debate between speculation and utility remains at the heart of digital asset valuations, and whether these ambitious targets become reality depends on the trajectory of mainstream adoption.
For now, both supporters and skeptics await more signs that the market is prepared to reprice digital assets as integral pieces of tomorrow’s financial infrastructure.
XRP has fallen back toward $1.33 after another unsuccessful attempt to reclaim $1.40, with rising whale deposits to Binance and weakening ETF inflows adding to concerns about selling pressure.
Summary
XRP fell approximately 2% to $1.33 on October 22 after failing to sustain its recovery toward $1.40.
Whale transfers to Binance reached a reported monthly average of $112.4 million, the highest since March.
U.S. spot XRP ETFs attracted just $708,520 on October 21 following two sessions without reportable flows.
XRP Ledger’s fixCleanup3_4_0 amendment has been delayed until November after losing its required validator majority.
Technical indicators remain bearish, with $1.30 and $1.25 providing support beneath immediate resistance at $1.40.
According to CryptoQuant analyst Darkfost, transfers exceeding one million XRP to Binance have accelerated in recent months, taking the monthly average dollar value of whale inflows to $112.4 million, its highest level since March.
Darkfost reported that the monthly average has climbed approximately $72 million since August, exceeding the $90 million average recorded during the preceding three months.
Individual days have seen transfers worth more than $400 million, although the analyst said recent inflows had returned closer to normal levels after the September buildup.
The increase followed a recovery of more than 30% in XRP’s price from its August levels. Darkfost suggested that some large holders may have used the rebound to realize profits.
🗞️ XRP Whale Inflows to Binance hit $112.4M, a 7-month high
ripple:native whale activity has intensified in recent weeks, with selling pressure rising sharply. Here, we define whales as transactions exceeding 1 million XRP, which allows us to attribute them to this specific… pic.twitter.com/FsLRe63FTp
— Darkfost (@Darkfost_Coc) October 22, 2026
However, exchange deposits do not establish completed sales. Whale transfers can involve collateral movements, internal custody changes or preparations for future transactions.
The latest observations complement previous research into Binance reserves, which found that XRP holdings across tracked exchanges reached 11.81 billion tokens on October 17.
That reading placed aggregate exchange reserves near the top of their annual range, even though Binance’s own reserves were considerably less elevated.
Separately, crypto.news reported falling whale withdrawals on October 20, when a longer-term measure of XRP leaving exchanges approached a five-year low.
The two indicators measure opposite directions of exchange transfers and should not be confused. Reduced withdrawals do not necessarily mean every incoming whale transfer represents selling.
XRP ETF inflows struggle after 13-week streak ends
Institutional investment products have recorded a similar slowdown in net subscriptions.
According to SoSoValue data, U.S. spot XRP funds received approximately $708,520 on October 21 after reporting no net flows during the first two sessions of the week.
U.S. spot XRP flows, source: SoSoValue
The modest inflow followed the end of a 13-week winning streak. During the week ending October 16, the products recorded approximately $1.84 million in net withdrawals.
Although relatively small against their accumulated assets, the withdrawals interrupted a period of consistent positive weekly flows.
Previous ETF data showed that the funds attracted approximately $11.31 million during the preceding week, considerably below the $75 million recorded during an earlier period of stronger demand.
XRP price faces $1.25 support after rejection near $1.40
XRP traded around $1.33 at press time, declining approximately 2.03% over 24 hours and 13.76% over the preceding month.
The token briefly approached $1.40 before retreating, with daily trading volume near $1.87 billion.
On the daily chart, the Accumulation/Distribution indicator stood near 71.76 billion, down from levels above 72.4 billion in September.
The Aroon Oscillator remained negative at -50, although its recovery from readings around -100 suggested that downward momentum had moderated.
XRP price chart, source: crypto.news
Immediate support sits near $1.30, followed by $1.25. A sustained breakdown below those levels could expose $1.20.
Analyst CryptoBusy identified $1.38–$1.40 as the resistance area that buyers must recover before targeting $1.45–$1.50.
Crypto analyst Gopal highlighted a possible double-top formation, with its neckline near $1.25 and a projected downside target of $0.80 if the pattern confirms.
$XRP forming a double top pattern 👀⚠️
Bears are gaining control after two rejections near $1.65–$1.70. Price is sliding toward the critical $1.25 neckline support, signaling weakening bullish momentum.
A confirmed breakdown below $1.25 could open the door toward $0.80 📉🔥… pic.twitter.com/aPQUYXjIqy
— Crypto With Gopal (@cryptowithgopal) October 22, 2026
Ripple’s regulatory progress meets XRP Ledger upgrade delay
Away from the market, Ripple has continued seeking clearer U.S. cryptocurrency rules.
In an October 20 comment letter, Ripple supported the Securities and Exchange Commission’s proposed Regulation Crypto Assets framework.
The company argued that an investment contract can qualify as a security without making the underlying cryptocurrency a security in every subsequent transaction.
Meanwhile, the XRP Ledger’s fixCleanup3_4_0 amendment lost the validator majority needed to maintain its planned October 23 activation date.
The protocol cleanup update requires support above the 80% threshold for two consecutive weeks before activation.
An October 21 dip in validator support interrupted that period, moving the earliest projected activation to November 4 if the required majority holds. The separate lending protocol still needs additional validator approval.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto token of a Layer-3 settlement network for AI agents commerce, backed by Ripple executive chairman Chris Larsen, has surged nearly 200% in the last 24 hours. This comes as the project highlighted XRP-linked settlement infrastructure for AI agents.
Ripple’s Chris Larsen-Backed Yellow Network in the Buzz
Yellow Network is in the buzz after it highlighted a fee-free AI-to-AI settlement approach that combines its off-chain channels with XRP settlement on the XRP Ledger. The project’s zero-gas execution handles high-frequency trades, with final settlement occurring on-chain using XRP.
The project came into the spotlight again during the recent launch of XRP official X account and website. It posted that pairing Yellow’s zero-gas execution with XRP settlement creates the ultimate high-speed stack.
Burak Cem, head of growth at Yellow, also posted a hint at further collaboration with XRP. The crypto community speculated about fee-free AI-to-AI settlements using XRP. It aims to bridge the settlement and trust gap during agentic payments between two AI agents.
Something is brewing behind the scenes.
XRP 🤝Yellow
Stay on the @Yellow brick road! ⌛️
— Burak Cem (@0xburakcem) October 21, 2026
Notably, Yellow Network received $10 million from Ripple co-founder and executive chairman Chris Larsen in 2024. Other investors include Consensys and GSR, which is also an investor in XRP treasury Evernorth Holdings.
Chris Larsen has publicly endorsed the project, including its earlier integration with the XRP Ledger (XRPL) EVM sidechain. Yellow Network describes itself as a trust and settlement layer for AI agent commerce and a decentralized clearing network.
It uses the Nitrolite protocol to support real-time, non-custodial transaction processing off-chain. It supports settlement across multiple networks including Base, Arbitrum, and Polygon.
Also Visit: Best AI Agentic Crypto Wallets in 2026
Crypto Token Spikes with Massive Trading Volume
Chris Larsen-backed Yellow Network’s ERC-20 token YELLOW jumped nearly 200% in the past 24 hours, reaching an all-time high of $0.146. The price is currently trading near $0.114 amid profit booking by some traders.
YELLOW token has a maximum supply of 10 billion and a circulating supply of nearly 320 million. The recent price climb from the low $0.03 to an all-time high around $0.146 today led to a massive rise in circulating supply.
With a 310% increase in trading volume over the past 24 hours, market cap has reached almost $40 million. Meanwhile, XRP trades 2% down at $1.33 amid broader crypto market selloffs.
Also Read: Robinhood Secures Dubai’s DFSA Approval to Launch Crypto, Stocks, ETFs in Middle East
According to Coindesk, China, known for its bans on Bitcoin and cryptocurrencies, is targeting the confiscation of 61,896 Bitcoins worth billions of dollars, linked to a fundraising scam that cost investors approximately 20 billion yuan.
A court in Tianjin has granted a request to seize Bitcoin and other assets linked to Qian Zhimin.
Six-Month Application Process in China! The Tianjin Court announced that it has accepted the prosecutor’s confiscation request, and the confiscation order covers Bitcoins as well as other cryptocurrencies, cash, jewelry, and financial assets.
The court has opened a six-month application period for victims and other interested parties to join the case. Victims who do not participate in the process also have the option of claiming compensation from the recovered assets.
As you may recall, the UK High Court recently ruled that claims involving more than 61,000 Bitcoins should be evaluated according to Chinese law.
XRP, Dogecoin, and Other Assets Also Subject to Confiscation! The confiscation request includes more than just Bitcoin. Other assets listed by the court reportedly include XRP.
“Approximately 72,745 Bitcoin Cash
Approximately 72,745 Bitcoin Gold
Approximately 72,745 Bitcoin SV
More than 3.6 million XRP
More than 70 million Dogecoin”
The file reportedly includes cash in various currencies, jewelry, bank accounts, and various financial investments. British authorities have seized assets linked to the investigation, and it is reported that some crypto assets have been converted into other forms of assets. Chinese prosecutors are also seeking the recovery of these assets and, where appropriate, the return of money owed to victims.
*This is not investment advice.
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Crypto infrastructure company Ripple on Thursday said custody is no longer just a vault, but an operational layer for digital finance. As crypto-tradFi convergence grows, financial institutions are betting big not only on crypto assets such as Bitcoin and XRP but also on underlying services such as custody.
Ripple Positions Custody as Core to Digital Finance With growing focus on governance, interoperability, and integration, digital asset custody is becoming a foundational operating layer of digital finance, according to a report from Boston Consulting Group (BCG) and commissioned by Ripple.
The Beyond Safekeeping: Custody as the Operating Layer Beneath Digital Finance report found that more than 30% of digital assets, excluding holdings on centralized exchanges, are now held through institutional custody models. This share is continuing to grow amid increased demand.
Under MiCA and the GENIUS Act, security and key management have now become requirements. Institutions now see governance, policy controls, interoperability across networks, and integration with existing financial infrastructure when selecting custody providers.
Real custody is the engine running the whole financial system, now powering tokenized assets, instant settlement, and cross-border transactions.
Digital asset custody is major for tokenized real-world assets, stablecoin issuance, payments, treasury, lending, and collateral management. This shifts the business case for custody to broader value creation.
Beyond custody to value creation. Makes Ripple’s acquisitions make more sense if there is a demand for custody operating as a layer for digital finance, covering tokenisation, payments, treasury, lending and use of digital assets as collateral.
It is amazing to hear that 30% and… https://t.co/roW1P0k54O
— bill morgan (@Belisarius2020) October 22, 2026
How Institutions Can Boost Profits BCG estimates that a regional bank with a $200-300 billion balance sheet could improve its profit and loss by up to $100 million with the right custody decisions. Major institutions including Morgan Stanley, Citi, and BNY are already building or expanding their own custody capabilities.
Moreover, institutions can use custody models such as Wallet-as-a-Service. It is gaining traction among fintechs focused on retail and payments. Meanwhile, larger banks are increasingly licensing self-custody technology and building products on top of it.
Ripple offers integrated crypto infrastructure services. This combines custody with settlement assets, payment rails, treasury, and execution to reduce the need for multiple separate integrations. Multi-custody orchestration behind a common control layer is also becoming a market standard.
As CoinGape reported earlier, Ripple partnered with Meritz Securities to bring institutional custody and tokenization to South Korea’s capital markets. With increasing institutional interest amid regulatory clarity and tradFi-focused blockchain improvements, the demand for custody will continue to grow to safeguard digital assets.
XRP's recovery rests on weekly closes above $1.33; failure to regain that level leaves the $1 region exposed, an analyst warned today.
XRP closed last week’s candle beneath its 20-week moving average, and analyst ChartNerd says in a video on X that a pullback toward $1 is now a live possibility.
A retest there could build a double bottom, an outcome the analyst compares to 2022, though a reclaim of $1.33 would weaken the case.
XRP Needs $1.33 Back to Avoid a Deeper Retrace
XRP, worth $1.33 on CoinGecko at the time of writing, rose by 2% within the last 24 hours but lost nearly 3% within the last week. At the same time, it lost 6% within the last 30 days and is down 45% from a year ago, pushing it 63% lower than its all-time high of $3.65.
The weekly chart tells the rest. In the week of September 14, XRP wicked below the 20-week exponential moving average (EMA), a trend line built from recent weekly closes, but closed above it and climbed to the 50-week EMA near $1.50. That line has rejected price for nine to ten weeks, following a roughly 70% bounce from a 98-cent low to $1.70, and the pullback since has been about 25%.
Of the $1.30 area, the analyst noted that “the bulls have a lifeline here.” Reclaiming and holding $1.33 would reopen a move toward $1.50, where a liquidity cluster, a zone crowded with leveraged trades, sits near $1.55, and clearing that range could point to $1.80 to $2.
If weekly closes keep landing under the 20-week line, the analyst warned, it “opens the door for a deeper retrace towards $1,” where the largest cluster of leveraged positions since the bottom sits.
Gaussian Channel and 2022 Precedent Frame the $1 Case
The monthly Gaussian Channel, an indicator that draws bands around long-term price trends, supplied the historical argument. After earlier cycle peaks, XRP lost the upper band and returned to the middle band, which now sits at 98 cents. This cycle, the upper band at $1.54 has capped price for three months, and XRP has not yet visited the middle line.
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In 2022, ChartNerd pointed out, XRP bottomed, ran 90% into the 50-week EMA and fell back to its lows within a week or two of losing the 20-week line. The analyst sees a similar setup now, though earlier targets of 90 to 70 cents never played out, and the caveat is blunt: “I do not know what’s going to happen.”
On the XRP/BTC three-month chart, past outperformance against Bitcoin has started from a lower demand zone, while the pair has met the same horizontal resistance for six years. The analyst expects Bitcoin to take more of the spotlight in 2027.
Meanwhile, exchange figures are pointing to a change in investor behavior, even if not a definitive direction for price. As CryptoPotato reported earlier, Binance withdrawals under 10,000 XRP rose from 3% to 19.7% of outflow value between September 30 and October 20, the highest share since October 2024, according to CryptoQuant. Reserves across three major exchanges gained 120 million XRP, and spot XRP ETFs logged zero net flows on Monday.
A new call circulating on X says XRP could reach $4 by November 30. XRP is trading near $1.39, so that would mean a 188% rally in less than six weeks. The forecast rests on a comparison with 2024, when XRP spent months near $0.50 before breaking out above $3.
XRP is up about 4.5% in the past 24 hours, and buyers stepping in on dips have lifted it to around $1.39.
The Case For $4
Supporters of the $4 target see the current $1.28 to $1.33 zone as a base like the one XRP formed in 2024. Both the 100-day and 200-day moving averages sit close to $1.28, which they treat as a support floor.
The path outlined has several stages:
$1.60 to $1.73: major resistance that would need to break to confirm bullish momentum$2.19, $2.56 and $2.93: Fibonacci levels to clear next$3.46, then $3.66: the second figure is XRP’s all-time high$4.14: a Fibonacci extension close to the $4 targetA shorter-term view suggests that a move above $1.42 would put $1.52 in play.
The Ceiling Tested Seven Times
However, XRP has tested its $1.27 to $1.55 range seven times. It bounced off the $1.27 floor again this week.
On that view, the path forward is:
$1.27, then $1.40, then $1.48, then $1.55If XRP breaks above $1.55 on heavy volume and holds there, $1.70 and $1.88 come into view.The same reading warns that levels tested many times can weaken, so an eighth test of $1.55 is not certain to produce a breakout.
Can Retail Interest Lift XRP?
Some market watchers are looking at retail attention instead of charts. A new @XRP handle on X and the XRP.org website could bring fresh buyers in. XRP’s reputation as a “normie chain” is seen as a possible strength, since marketing to everyday users can drive demand.
They point to the launch of First Ledger, a meme coin platform on the XRP Ledger. When it launched, XRP was trading near $0.52. In the weeks that followed, XRP climbed to about $2.80, and on-chain activity picked up as the platform grew. It is unclear whether the meme coins lifted XRP or XRP’s rally drew traders to the meme coins, and the timing may have been a coincidence. According to XRPScan data, XRPL activity is rising again.
What $4 Would Require
For XRP to reach $4, it would need to:
Break the $1.55 ceiling that has held through seven testsClear the $1.60 to $1.73 resistance zoneRise past its $3.66 all-time high, all before November 30The 2024 rally shows that large moves are possible, but that climb from $0.50 took weeks of buildup. For now, XRP is trading in the lower half of its range.
Story Ends Here
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Ripple has called on the U.S. Securities and Exchange Commission (SEC) to finalize its proposed Regulation Crypto Assets framework, advocating for cryptocurrencies to be reclassified and not remain as securities indefinitely. This move comes as Ripple aims to secure greater regulatory clarity for XRP and other crypto assets, following the resolution of a lawsuit with the SEC in 2025. The proposed framework would offer exemptions for certain offerings and a clearer process for assets to detach from being linked to investment contracts. The SEC has yet to finalize these regulations, which are seen as pivotal for the future treatment of crypto assets.
Key Takeaways
Ripple’s request to the SEC suggests an effort to resolve regulatory ambiguity surrounding cryptocurrencies.
The SEC’s proposed framework could create more predictable rules for token issuance and market participation.
Pricing suggests that market participants may view this as a potential positive development for XRP’s value.
What to Watch
The finalization of the SEC’s crypto assets framework will be crucial, potentially affecting XRP’s classification and market behavior. Observers should monitor any SEC announcements or shifts in policy that align with Ripple’s advocacy. Additionally, changes in market pricing and liquidity in response to regulatory developments could indicate the impact on XRP’s trajectory in October.
Austin Hilton, a well-known crypto commentator, has urged XRP holders to pay close attention to upcoming economic events, emphasizing that the next ten days could significantly affect their holdings. In a video shared on X, Hilton told his audience the upcoming Federal Reserve meeting is set to influence the entire cryptocurrency market.
The Federal Reserve’s impact on cryptoHilton addressed the persistent concerns in the crypto space regarding inflation, interest rates, and broader economic uncertainty. He admitted feeling the same fatigue, stating, “I’m tired of talking about the Federal Reserve and interest rates. I’m tired of talking about inflation. I’m tired of talking about uncertainty.”
Nonetheless, he maintained his belief that digital assets create opportunities for individual investors. Despite the long-term potential, he cautioned that the present market environment requires vigilant monitoring, especially with the critical Federal Reserve meeting approaching on October 28.
Hilton outlined, with reference to recent inflation data: With both Consumer Price Index and Producer Price Index reports coming in above expectations, he expects the Federal Reserve to raise the base rate by 0.25% at its next meeting. He estimated the likelihood of a rate hike at over 80%, categorically ruling out the prospect of a rate cut.
According to Hilton, the rate announcement on October 28 will be a pivotal event for crypto investors. Higher rates push up borrowing costs, strengthen the U.S. dollar, and increase Treasury yields. These changes make traditional assets more appealing at the expense of riskier markets like crypto, which could prompt investors to move their funds away from digital assets.
Market liquidity and the risk for XRPHilton described how crypto markets, including XRP, are currently experiencing thin liquidity. He introduced the term “bullish liquidity” to describe capital entering the market in anticipation of upward price moves, but noted this support is currently lacking.
He warned that if the Federal Reserve does indeed implement a rate hike and markets react adversely, XRP may quickly fall below the $1.20 level. Hilton suggested that investors brace for potential volatility tied to both economic policy and market sentiment.
Hilton cautioned that as borrowing becomes more expensive and yields move higher, funds tend to shift out of speculative assets like XRP. In his view, the absence of bullish liquidity increases the vulnerability of crypto prices to macroeconomic shocks.
Discussing XRP’s recent trading pattern, Hilton noted the cryptocurrency had gained more than 57% over 14 days before entering a consolidation phase that has lasted since late August. He pointed out that this sideways movement is consistent with previous price cycles for XRP, which often sees sharp gains followed by periods of consolidation before another rally.
The current scenario, he said, has placed the market in a holding pattern as many investors are waiting for the Federal Reserve decision before taking new positions.
Efficient tools for market monitoringWith major events like Federal Reserve decisions capable of dramatically shifting the crypto market within seconds, investors must remain vigilant. As traders seek to avoid the cost of jumping between multiple apps for charting, news updates, and portfolio tracking, privacy-first platforms like CryptoAppsy are gaining popularity. Without requiring users to create an account, such platforms provide real-time charts, smart price notifications, asset-specific news, and vital macroeconomic data in a single view—helping traders react rapidly during periods of volatility.
DBS Bank, a leading financial institution in Southeast Asia, has identified the XRP ecosystem as one of the most effective frameworks for bridging digital assets with traditional payment flows. This recognition comes as both private sector and network initiatives accelerate efforts to improve institutional settlement processes across borders.
SWIFT’s real-time ledger and industry collaborationSWIFT has introduced a real-time ledger to record, order, and verify transactions. Unlike some decentralized projects, SWIFT’s model finalizes settlements using traditional banking infrastructure, maintaining existing compliance and risk protocols.
This system now supports the first live use case: 24/7 cross-border payments with bank-issued tokenized deposits. Major global banks such as DBS, BNP Paribas, HSBC, Citi, and Standard Chartered are early participants. The initiative advanced from concept to operational testing within a year.
Developers structured the SWIFT ledger to enable constant connectivity between traditional banking and digital asset networks. Direct settlement of digital assets is not handled by SWIFT; instead, the network supplies an orchestration layer that lets banks operate under current financial regulations.
Feedback from over 40 financial institutions is expected to shape future features, aiming to improve interoperability and efficiency in global payments.
Mini dictionary: SWIFT, the Society for Worldwide Interbank Financial Telecommunication, is a global messaging network that enables secure communication between banks and financial institutions, especially for cross-border payments. Its system is widely used for international fund transfers and compliance management.
Focus on interoperability and complianceDBS Bank explained that the SWIFT ledger unifies tokenized deposits, digital assets, and international payments to create a more seamless client experience. The approach maintains crucial features of correspondent banking, such as the ISO 20022 compliance framework, while improving liquidity transparency and round-the-clock operational capability.
Rather than replacing existing systems, the focus remains on building bridges between current payment rails and emerging digital networks. This strategy supports ongoing regulatory requirements while enabling new technological capabilities.
DBS Bank emphasized that connecting tokenized deposits and digital assets to international payments presents opportunities for smoother transactions and improved client service, without compromising established compliance standards.
XRP Ledger’s role in institutional settlementThe XRP Ledger, developed to facilitate efficient cross-border settlements, continues to prioritize interoperability with the established financial system. Its advocates argue that reducing friction between traditional banking and on-chain settlements is vital for digital asset adoption among institutions.
SWIFT’s current solution supports only bank-controlled tokenized deposits, while the XRP Ledger operates as a public blockchain focused on broader asset transfers.
NetworkSettlement AssetUse CaseParticipantsSWIFT LedgerTokenized deposits24/7 cross-border banking payments40+ global banksXRP LedgerXRP, digital assetsOn-chain settlement, interoperabilityPublic and private institutionsIndustry observers expect hybrid models to emerge, with both SWIFT’s orchestrated approach and public ledgers like the XRP Ledger evolving based on market demand and regulatory feedback.
Ongoing collaboration between traditional institutions and blockchain developers is expected to influence the broader adoption of tokenized deposits and digital assets, especially as regulated channels seek innovative solutions for international settlement.
Integrating established payment infrastructure with new digital networks is seen as critical to supporting the seamless movement of value worldwide, with tokenization acting as a key enabler in regulated environments.
Cryptocurrency analysis platform Santiment evaluated current on-chain data and investor sentiment for Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL). The analysis noted that Bitcoin whales are entering a strong accumulation phase, while XRP is in a more advantageous position than other major cryptocurrencies in terms of some indicators.
Speaking on the Thinking Crypto podcast, Santiment analyst Brian said the cryptocurrency market is at a critical juncture. He noted that Bitcoin is currently trading sideways between $80,000 and $86,000, and that crypto users are awaiting developments that will determine the market’s next direction.
The movements of Bitcoin whales in recent weeks have been one of the most noteworthy parts of the analysis.
According to Santiment data, large investors holding between 10 and 10,000 BTC engaged in a period of intense accumulation starting September 17-18. These wallets purchased approximately 85,000 BTC in the last four to four and a half weeks.
The total Bitcoin holdings of this group of investors reached their highest level in approximately six months, a development that the analyst considered a positive signal for the future of the market.
However, the increasing optimism among small investors regarding Bitcoin is a factor to watch, according to Santiment. The analyst noted that the growing optimism of wallets holding 0.01 BTC or less has, in the past, sometimes created adverse signals in terms of price movements.
Bitcoin’s MVRV indicators confirm the market’s indecision. According to data shared by Santiment, Bitcoin’s 365-day MVRV is at 2%, while its 30-day MVRV is at minus 1.4%.
The analyst noted that both indicators being very close to zero does not signal overvaluation or a strong buying opportunity in Bitcoin.
On the other hand, it was noted that there was a net inflow of approximately $526.7 million into Bitcoin ETFs on October 19th. This amount corresponds to the largest daily inflow in about four weeks, while Santiment cautioned that high ETF inflows have occasionally coincided with local price peaks in the past.
In a comparison between Ethereum and XRP, XRP’s MVRV indicators stood out.
Ethereum’s 30-day MVRV was measured at minus 4 percent, and its 365-day MVRV at minus 3 percent. The analyst stated that while both values being in negative territory is somewhat more positive compared to Bitcoin, it does not yet indicate a strong buying opportunity.
It was noted that XRP’s MVRV indicators are at significantly more negative levels than both Bitcoin and Ethereum.
According to the Santiment analyst, this situation indicates that, when evaluated in terms of unrealized losses for investors, XRP has the MVRV (Maximum Recovery Value) outlook, which mathematically points to the highest recovery potential among the three cryptocurrencies.
However, the analyst emphasized that this indicator alone does not guarantee an upward trend.
Brian noted that XRP has experienced quite volatile price movements in recent months, first rising by approximately 51-52 percent in a five-day period, then by 22 percent in another six-day period, before subsequently falling by about 16 percent from its peak.
Social media sentiment indicators for Ethereum, XRP, and Solana do not show any significant upward or downward trend. While there were temporary increases in positive comments about Ethereum and XRP on October 19th, overall investor sentiment remains neutral.
A Santiment analyst stated that investors in all four major cryptocurrencies are strongly avoiding taking bullish or bearish positions.
This delay is believed to be driven by uncertainties surrounding the US midterm elections and the CLARITY Act, which includes regulations for the cryptocurrency market.
*This is not investment advice.
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Evernorth Holdings can raise roughly $132.2 million for its XRP treasury. The number comes from a final prospectus the company filed with the SEC on October 19, 2026, registering 11,499,992 shares of Class A common stock issuable when holders of its public warrants exercise at $11.50 per share. The math is simple: 11,499,992 multiplied by $11.50 equals $132,249,908. The company stated the terms in the 424(b)(3) prospectus on EDGAR, filed under Registration No. 333-294417.
The filing does not promise that money will arrive. It only registers the shares so warrant holders can exercise if they choose. But the numbers frame what Evernorth’s capital path now looks like, and the filing discloses one figure that reframes the whole deal: XRP fell roughly 39.5% between the day the merger agreement was signed and the day it closed.
The Warrant Math
The 11.5 million shares come from warrants issued in the SPAC that took Evernorth public. Each warrant entitles its holder to buy one Class A share at $11.50. On October 16, the last reported sale price before the prospectus, Class A shares traded at $15.45 and the warrants at $4.16, according to the filing. At $15.45, every warrant is in the money by $3.95. The $4.16 warrant price leaves only about $0.21 of time value, which says the market is pricing these warrants mostly as a levered bet on the shares already trading above the exercise price.
Evernorth’s stock trades on the Nasdaq Global Market under XRPN, with the warrants under XRPNW. The company will receive proceeds only when holders actually exercise, and the filing is explicit: “We will receive the proceeds from any exercise of the Public Warrants for cash.” A full exercise would hand Evernorth about $132.25 million before costs. At XRP’s current price near $1.39, that sum would buy roughly 95 million XRP. The filing never makes that purchase calculation, but the arithmetic follows directly from the reserve policy.
The 39.5% Drop the Filing Discloses
Buried in the prospectus definitions is the deal’s XRP price adjustment. The business combination agreement was signed October 19, 2025, and the filing pins the signing benchmark: “The Signing XRP Price has been determined to be $2.36609.” The closing benchmark came in lower: “The Closing XRP Price has been determined to be $1.43069.”
The gap is 39.5%, and it mattered for the people who put XRP into the deal early. The adjustment mechanics only pay out extra shares when the closing price exceeds the signing price. It did not. Closing at $1.43069 against a $2.36609 signing price means no adjustment shares were issued to early subscribers, so their effective entry was not cushioned by the deal’s own anti-dilution math. A one-year slide from $2.37 to $1.43 is the context most readers are missing when they see the treasury headline.
What the Treasury Policy Actually Says
Evernorth’s treasury is not a passive XRP wallet. The company adopted a Treasury Reserve Policy at closing that makes XRP the primary reserve asset. The filing defines it in plain terms: the reserve consists of “cash assets that exceed working capital requirements” and “XRP, which serves as the primary treasury reserve asset of Pubco and the Company on an ongoing basis, subject to market conditions and anticipated needs of the business for cash assets.”
That last clause is the important one. The company can hold cash when it needs cash. The prospectus does not earmark the $132.2 million specifically for XRP purchases, and the earlier coverage of Evernorth’s Armada merger and Nasdaq debut reported a treasury of roughly 473 million XRP. The warrant proceeds widen the company’s ability to add to that position, but the allocation is discretionary, not mechanical.
The scale of the XRP already involved is the other number worth naming. The SPAC’s sponsor, Arrington XRP Capital Fund, contributed 211,319,096 XRP in the Series C subscription. A related party entity, the Larsen Lam Children’s Remainder Trust, contributed 50 million XRP. Advance funding brought $214.05 million in cash plus 600,000 XRP, and delayed funding added $10.5 million plus 200,000 XRP. Those are the blocks that built the treasury before any warrant dollars arrive.
Where XRP Sits Now
XRP traded near $1.39 at 18:17 UTC on October 21, up about 5.3% over the prior 24 hours, according to CoinGecko. That is below the $1.43069 closing benchmark the deal used, and far below the $2.36609 signing price. The token is down about 41% from the signing level even after the day’s bounce, which is the tension the data shows: the treasury story reads as bullish accumulation, but the price of the asset being accumulated has not confirmed it. XRP’s market capitalization sits near $88 billion, with the token’s circulating supply above 63 billion.
Evernorth is the XRP Ledger’s closest analog to the bitcoin treasury playbook, where a public vehicle raises capital to hold more of the underlying asset. The difference is scale and mechanism. A $132.2 million warrant exercise against XRP’s near-$88 billion market cap is a rounding error in daily liquidity, but it is material to Evernorth’s own balance sheet. At $1.39, the roughly 473 million XRP already reported in the treasury is worth about $657 million, and a fully exercised warrant raise could lift that position by roughly a fifth. The data says the raise matters to Evernorth more than it moves the XRP market.
The warrants themselves are the cleaner signal. They trade in the money, which means the market currently expects exercise to happen over time, not that it has happened. The $132.2 million is a ceiling tied to full exercise. Actual inflow will arrive in increments whenever holders decide the shares are worth more than the $11.50 exercise price plus the warrant cost. For the broader XRP news picture, Evernorth sits alongside the other treasury-style buyers as a structural bid, but a bid that only materializes on the holders’ schedule.
What the Filing Does Not Settle
The prospectus is a registration step, not a capital raise and not a purchase order. Three things remain open. First, how many of the 11.5 million warrants actually convert, and when. Second, how much of any cash Evernorth commits to XRP versus working capital, given the reserve policy’s cash carve-out. Third, whether the stock’s premium to the exercise price holds long enough to pull exercise forward.
Evernorth also carries a $30 million convertible note and redeemed 18,463,753 public shares from the trust during the combination, details that matter when weighing how much of a future raise would actually flow to the treasury rather than other obligations. The filing gives the terms and the numbers. It does not give a destination for the cash, and it does not rescue the year-long slide in the asset the treasury is built to hold.
AUTHOR
A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
Security has long been foundational to institutional digital asset custody, but the way institutions choose between providers is evolving. A growing emphasis on governance, interoperability, and integration means modern digital asset custody goes far beyond safekeeping.
As stablecoins, tokenized assets and blockchain-based payments move beyond pilots, institutions are looking past how to securely hold digital assets toward what those assets can enable. The answer depends largely on the custody infrastructure beneath them.
To explore this shift, Ripple commissioned Boston Consulting Group (BCG) to produce an independent research report, Beyond Safekeeping: Custody as the Operating Layer Beneath Digital Finance. The report aims to advance the industry’s understanding of how custody requirements are changing, what institutions should prioritize and where the next opportunities for adoption and innovation may emerge.
Security has become the baselineAccording to BCG, over 30% of digital assets, excluding holdings on centralized exchanges, are now held through institutional custody models, and that share continues to grow. As the market matures, and as frameworks like MiCA in Europe and the GENIUS Act in the United States bring regulatory clarity, safekeeping and key management have become baseline requirements rather than differentiators. BCG finds that institutions increasingly evaluate custody providers on what sits above security: enterprise-grade governance and policy controls, interoperability across networks, and integration with existing financial infrastructure. The report also looks at how rising bot and AI activity is making governance and approval controls just as important to security as cryptography.
As a result, custody is becoming an operating layer for digital finance. It enables institutions to securely govern, move and use assets across their financial workflows, not just hold them.
Custody models are diversifyingInstitutional requirements are becoming more sophisticated, with growing demand for greater legal signing control, deeper core-system integration and more flexible deployment. According to the report, Wallet-as-a-Service is gaining traction among retail- and payments-focused fintechs, while large banks are increasingly licensing self-custody technology and building client products on top of it. Another model is the one-stop shop: providers such as Ripple bring custody, settlement assets, payment rails, treasury and execution together under one offering, connecting the custody and control layer directly to the financial activities those assets support and reducing the need for separate integrations across each function.
The right model depends on each institution’s broader digital asset strategy, and increasingly may involve a combination of approaches. BCG finds that combining multiple custodians behind a common orchestration layer is becoming a market standard, making interoperability and orchestration important considerations for institutions looking to manage digital assets across multiple networks or environments.
The real value is in what custody makes possibleCustody is not a single use case. It underpins services such as tokenization, stablecoin issuance, payments, treasury, lending and collateral management. This shifts the business case for custody from cost and risk management toward broader financial value creation.
BCG estimates that a regional bank with a $200–300 billion balance sheet could improve its P&L by up to $100 million by combining digital asset use cases with the right custody decisions. The full report breaks down where that opportunity comes from.
What this means for institutionsFor financial institutions, custody is no longer only an operational decision. It is a strategic one that shapes which digital finance services they can offer and how quickly. BCG expects the custody market to consolidate, with scale going to providers that vertically integrate, aggregate networks or embed modular infrastructure.
With more than a decade of experience building financial infrastructure, Ripple is helping institutions navigate this shift. Ripple Custody provides enterprise-grade infrastructure for securely managing digital assets, with governance, policy controls, and flexible deployment options designed to meet institutional requirements. As part of Ripple’s broader capabilities spanning stablecoins, payments, treasury, liquidity and trade execution, custody helps institutions move from holding digital assets to putting them to work.
Ready to go deeper? Read the full BCG report for the complete analysis of how custody is becoming the operating layer beneath digital finance.
XRP’s price recorded a notable breakout from its well-established trading range, marking the eighth time this level has been tested, according to Turkish crypto analyst Celal Kucucker. The recent movement places renewed attention on the $1.29 to $1.55 corridor, a zone that XRP bulls are targeting on both the 4-hour and daily timeframes.
Analysts highlight key levelsDespite the positive price action, significant investors commonly referred to as crypto whales, have refrained from increasing their XRP holdings during this surge. Kucucker stated that XRP once again bounced from the $1.27 support this week, reflecting a pattern seen in past trading sessions.
This pattern aligns with an earlier forecast issued by Bitrue’s Research Institute, which identified the $1.28 to $1.32 zone as a major demand area capable of triggering a price rebound following XRP’s pullback since October began.
TradingView’s cumulative volume delta (CVD) data reveals a shift toward negative momentum, with readings declining to nearly -1.18 billion, suggesting the possibility of a broader trend reversal in coming sessions.
SoSoValue, a digital asset analytics platform, reported a 5.5% gain for XRP in the past 24 hours. The token currently trades near $1.377, facing limited resistance until a stronger confluence zone at $1.67 to $1.71, as indicated by daily candlestick patterns. Analysts also point to the SuperTrend price, which targets $2.30 as the next significant bullish threshold for XRP.
Short-term dynamics and whale activityShort-term charts identify the $1.48 to $1.55 region as an important resistance range that may determine XRP’s monthly outlook. Despite an uptick in price following Wednesday’s market recovery, crypto whales have not taken advantage of what some may consider discount buying opportunities, as highlighted by flat readings in the Chaikin Money Flow (CMF) indicator on lower timeframes.
The lack of substantial whale accumulation suggests a cautious approach among large holders even as XRP’s price tests higher levels amid broader market volatility.
XRP ledger adoption in AI-powered paymentsXRP’s distributed ledger technology secured a new use case in the artificial intelligence-driven payment sector this week. Yellow, an AI-focused settlement protocol specializing in agentic commerce, introduced a zero-gas execution layer for AI agents, enabling transactions settled in XRP. The integration aims to facilitate rapid and efficient payments within the expanding agentic economy.
Mini dictionary: Yellow is a settlement infrastructure protocol that leverages AI agents for automated commerce and payment execution across decentralized networks. Its recent integration with XRP aims to enable low-fee and fast settlements for AI-driven transactions in financial and supply chain applications.
This development establishes a new framework for open, non-custodial, cross-chain commerce involving AI-powered agents. Ripple President Monica Long has projected a significant increase in agentic payments on the XRP ledger, expecting the number of transactions could reach 100 million annually. Long also estimated the value of real-world assets (RWAs) tied to the agentic economy could multiply by a factor of five to hit $30 billion.
Monica Long emphasized that the combination of XRP settlement and AI-driven commerce has the potential to create a scalable, cross-chain ecosystem for non-custodial transactions, potentially driving substantial growth in network activity and real-world asset value.
The XRP Ledger is preparing to activate the fixCleanup3_4_0 amendment around 09:34 UTC on October 23, 2026. This package, introduced in xrpld version 3.4.0 and released on September 17, bundles a series of amendment-gated corrections.
It currently holds the minimum validator support required for activation and is nine days into its mandatory two-week confirmation window.
Under the ledger’s amendment process, a proposed change must receive more than 80 percent support from trusted validators—typically 29 of approximately 35 nodes—and maintain that level continuously for 14 days. fixCleanup3_4_0 reached majority on October 9 and sits at exactly 29 votes as of mid-October.
The absence of surplus support means that the withdrawal of any single validator would restart the countdown.
Server operators must upgrade to compatible software to continue participating in consensus after activation.
Several corrections within the package refine behavior related to the proposed Single Asset Vault and Lending Protocol features.
These include precision and rounding adjustments for vault deposits, withdrawals, and clawbacks so that tracked total assets, available balances, and share supply remain consistent.
The amendment also refines freeze, authorization, credential, and destination handling for vaults and loans.
In the lending logic, checks for arrears, impairment, and default now require that a loan’s due date has strictly passed.
Separately, the package closes a gap involving the PaymentBurn granular permission: an account authorized only to destroy tokens could previously create new trust-line tokens or multi-purpose tokens under certain conditions.
Additional fixes extend beyond lending.
The asfDisallowIncomingTrustline flag now applies to OfferCreate transactions.
Deleted domain offers are excluded from the permissioned decentralized exchange invariant.
AMMClawback no longer silently recovers zero amounts when multi-purpose token rounding floors a value, and it can bypass owner-reserve checks when auto-creating a paired holding.
Multi-purpose token balance and transfer invariants are now enforced rather than log-only.
Distinct signing hash prefixes prevent a signature created for a counterparty role from being reused as a sponsor signature.
Escrow cancellation and finish operations recycle the owner reserve so that returning issued tokens at the reserve boundary no longer fails.
Activation of these corrections does not enable the native lending system.
The LendingProtocol, LendingProtocolV1_1, and SingleAssetVault amendments remain below the activation threshold, with recent counts showing roughly 19 votes for the lending amendments and 21 for SingleAssetVault.
None has entered a countdown.
Even if those amendments reached 29 votes immediately, the two-week confirmation period would push the earliest possible activation into early November.
xrpld 3.4.0 also introduced LendingProtocolV1_1, which adds closed-ended vaults with subscription, investment, and redemption phases plus a cash-basis accounting model that recognizes interest only when payments are received.
The cleanup amendment addresses issues in code that is not yet live on mainnet while also hardening several active features. Most holders and traders require no action; only node and validator operators need to ensure their software supports the upcoming rules.
XRP and DOGE stand out in Santiment's latest MVRV data, as both assets show losses among recent buyers rather than large profits.
The crypto market is back in the green on Wednesday, as several major assets have posted gains.
According to Santiment, XRP and Dogecoin are showing potential buying opportunities.
Historically Favorable Zones The latest 365-day Market Value to Realized Value (MVRV) data puts DOGE at around 0.74, which suggests that holders who bought over the past year are sitting on significant unrealized losses. XRP is also in negative territory, as its MVRV hovers near 0.92. Santiment explained that both assets are in historically more favorable, lower-risk zones compared with periods when holders hold large profits.
Bitcoin, Ethereum, and Chainlink, however, tell a different story. The 365-day MVRV readings of these three tokens range from 0.97 to 1.04, which places average holders close to breakeven.
This points to a more neutral market position for the three assets. MVRV helps traders assess whether investors are sitting on profits or losses. High readings can indicate rising profit-taking risk, while low readings mean selling pressure is nearing exhaustion. However, these signals do not guarantee a price rebound.
Macro Headwinds Despite the recent uptick, Bitcoin and the wider crypto market continue to face growing pressure from geopolitical tensions and interest-rate uncertainty. According to Bitunix, the standoff between Washington and Tehran has added fresh uncertainty over oil supplies, with the US midterm elections set for November 3.
Higher oil prices could keep inflation elevated and give the Federal Reserve less room to ease monetary policy. While economists expect rates to hold at 3.75%-4.00% at the October meeting, all 100 respondents in a Reuters poll expect another hike in December.
You may also like: What Falling USDT Supply Means for Bitcoin’s Price Recovery BlackRock Enters the Buffered Bitcoin ETF Race With New SEC Filing JPMorgan Expects Bitcoin to Beat Stocks and Gold: But There’s a Catch Markets are also showing mixed signals. The S&P 500 remains relatively close to its record high, but the Philadelphia Semiconductor Index has dropped around 14% since October 6. For the crypto market, Bitunix said that the key test is whether energy costs, interest-rate expectations, and AI investment risks begin deteriorating at the same time.
“If they do, markets may need to reprice growth expectations, financing costs, and capital allocation, increasing the potential for volatility across risk assets.”
XRP faced renewed selling pressure as October ended, with the token struggling to maintain levels above $1.30. Buyers attempted to hold support amid shifting institutional flows and mixed macroeconomic signals, creating an uncertain short-term outlook.
Google Gemini outlines XRP price pathsGoogle Gemini, an artificial intelligence platform developed by Google, released an assessment mapping out XRP’s potential closing range for October 31, 2026. The evaluation considered technical price levels, spot exchange-traded fund (ETF) flows, and the influence of upcoming industry events.
The analysis presented three possible scenarios. The baseline case, assigned a 60% probability, sees XRP consolidating between $1.25 and $1.42 through the month’s end. This scenario assumes the $1.28 to $1.30 support zone holds, and leverage in derivatives markets remains subdued, keeping price action within a tight range.
A bullish outcome, given a 25% likelihood, projects a rally in XRP to between $1.45 and $1.65 if there is a breakout above $1.42. Factors such as renewed inflows into U.S. spot XRP ETFs, positive momentum from industry events, or announcements from Ripple’s Swell conference in New York could push the token higher.
Conversely, the bearish scenario received a 15% probability, with XRP expected to fall toward the $1.08 to $1.22 range if support fails at $1.25. Persistent selling pressure, declining investor confidence, or hawkish signals from the Federal Reserve present further downside risks.
ScenarioProbabilityPrice RangeBaseline60%$1.25–$1.42Bullish25%$1.45–$1.65Bearish15%$1.08–$1.22ETF flows and macro trends in focusRecent U.S. inflation data has created additional uncertainties for Federal Reserve policy. If the central bank signals tighter financial conditions, risk assets such as cryptocurrencies often face renewed selling as investors reduce allocation to more volatile assets.
ETF flows added another key factor for XRP’s direction. After 13 consecutive weeks of net buying, U.S. spot XRP ETFs recorded temporary outflows. Sustained positive inflows could help stabilize or lift prices, while ongoing withdrawals are likely to hinder recovery in the near term.
Google Gemini’s assessment highlights that spot ETF demand, macro signals, and industry events are likely to dictate whether XRP remains range-bound or breaks out of current price levels.
XRP derivatives markets also drew attention. Futures open interest reached above $2.7 billion in early October before leverage pulled back, potentially signaling a cleanup of speculative positions and reducing liquidation risks.
Industry events and key announcementsRipple’s Swell conference is set to take place in New York on October 27, bringing together institutional partners and industry leaders for discussions on digital asset adoption and infrastructure.
Announcements related to institutional services, the planned RLUSD stablecoin, custody solutions, or credit initiatives could influence market sentiment and volatility leading up to the month’s close.
Mini dictionary: RLUSD stablecoin, Ripple’s upcoming U.S. dollar-pegged digital asset designed to support faster and more reliable payments for institutional clients.
Traders are expected to monitor spot volumes and price action around significant resistance levels to gauge the market’s reaction to these developments.
Support and resistance levels in playThe $1.25 to $1.28 range remains a crucial support area for XRP. Holding above this zone keeps the current consolidation intact, while a decisive break below could trigger a move toward $1.22 or lower.
On the upside, resistance is expected at $1.38 and $1.42. Should XRP break above $1.42 with follow-through, targets between $1.45 and $1.65 come into view for the bullish scenario.
Market participants continue to track these technical zones as October draws to a close, with most forecasts clustering around the $1.25–$1.42 price range at month-end.
Binance, the world’s largest cryptocurrency exchange, has made an announcement concerning the Ripple ecosystem. According to the announcement, Binance has launched a new XRP airdrop campaign for holders of Ripple’s dollar-pegged stablecoin, RLUSD.
Binance will distribute a total of 600,000 XRP to eligible users as part of the campaign, and the rewards will be shared among users who meet the specified conditions.
“Binance will be launching an airdrop campaign rewarding all eligible users holding Ripple USD (RLUSD) on our platform. Eligible users will receive a share of the large prize pool of 600,000 XRP.”
When Will Binance’s XRP Airdrop Campaign Begin? According to Binance’s official announcement, the campaign will begin on October 23, 2026 at 00:00 UTC and end on November 20, 2026 at 00:00 UTC. Rewards will be distributed weekly throughout the campaign period.
Binance stated that the first reward distribution is scheduled for October 30th, with subsequent distributions planned for November 6th, 13th, and 20th. XRP rewards will be transferred to eligible users’ Spot accounts within their main Binance accounts.
Who Can Participate in the XRP Airdrop? To be eligible for the campaign, users must hold at least 0.01 RLUSD in their Spot, Funding, Earn, or Margin accounts on Binance. Only RLUSD balances deposited into Flexible Savings products will be considered in Earn accounts.
“To be eligible for rewards, users must hold at least 0.01 RLUSD in their Spot, Funding, Earn, or Margin accounts.”
However, users must complete identity verification and meet the campaign participation requirements. Regional restrictions and active account restrictions may also affect eligibility.
In addition, Binance stated that additional reward multipliers will be applied to users who meet certain conditions. Specifically, users who increase their RLUSD balance compared to the previous two weeks will receive a 1.2x reward multiplier, while those who subscribe to the RLUSD Flexible Savings product will receive a 1.1x multiplier. If both conditions are met, the multiplier for the relevant balance can reach 1.3x.
Binance finally added that rewards will be calculated based on variables such as users’ eligible balances and total participant balances.
*This is not investment advice.
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Ripple has publicly supported a new proposal from the US Securities and Exchange Commission (SEC) aimed at clarifying the regulatory framework for cryptocurrencies. Chief Legal Officer Stuart Alderoty revealed that the blockchain payments firm spent more than $150 million on legal fees during its long-running dispute with the regulator over the status of XRP.
SEC’s Regulation Crypto Assets: New Framework, Ripple’s ResponseThe SEC introduced Regulation Crypto Assets on August 18, outlining a specialized approach for investment contracts involving digital assets. The proposal would allow qualified crypto issuers to offer up to $5 million over four years or up to $75 million within a 12-month period under certain exemptions.
A conditional safe harbor provision features in the draft rule, specifying when an investment contract linked to a digital asset may no longer be considered a security under US law.
Ripple endorsed the SEC’s general approach but has urged the agency to clarify that federal securities laws should focus on the investment arrangement tied to a digital token, not on the token itself. This distinction played a key role in Ripple’s partial courtroom victory, where a federal judge differentiated between institutional XRP sales and some public-exchange trades.
Alderoty stated that regulatory enforcement actions have led to crypto innovation moving overseas, arguing that businesses seeking legal clarity should not be forced into lengthy litigation.
Ripple continues to advocate that companies should not have to spend years and tens of millions fighting for clear rules, as legal disputes have made the US less attractive for crypto innovators.
Alderoty clarified that Ripple’s $150 million legal expenditure is separate from the $125 million civil penalty ordered in the aftermath of the company’s XRP case.
Mini dictionary: Ripple, a US-based blockchain technology company, is best known for its digital payment protocol and the associated cryptocurrency XRP. The firm has been central to legal debates over how cryptocurrencies should be classified under US securities law.
Push for Clarity on XRP and Investment Contract RulesRipple’s main contention is the application of the Howey test, a legal standard used to determine whether a given arrangement constitutes an investment contract subject to securities regulation.
The company maintains that while a cryptocurrency may be initially sold as an investment contract, subsequent secondary market transactions involving the same token should not automatically be considered securities transactions.
The debate over whether secondary-market transactions of digital assets like XRP should fall under securities law remains significant for token holders and other blockchain projects.
Ripple has emphasized that assessing decentralization alone does not suffice as a clear standard for ending securities-related obligations. Instead, the firm argues for criteria based on tangible promises and responsibilities established during the original offering.
The SEC’s ongoing safe-harbor initiative seeks to establish predictable rules for fundraising in the digital asset space, while still ensuring regulatory oversight. Proposed exemptions for fundraising do not eliminate all regulatory requirements, nor do they automatically free all XRP trades from oversight.
Regulatory Developments and Industry ImpactRipple’s support for the SEC’s crypto regulation proposal arrives in the wake of Congress failing to advance comprehensive cryptocurrency market-structure legislation. The stalling of the CLARITY Act in September left the digital asset sector without much-anticipated statutory guidance.
The SEC’s current rulemaking process may provide an alternative path for regulatory certainty, although the ultimate impact depends on the wording that appears in the final version and the Commission’s authority.
Earlier SEC deliberations involving XRP underscored the significance of clear definitions and regulatory exemptions for digital asset businesses seeking to operate in the US market.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The Yellow Network blockchain project, in which Ripple co-founder Chris Larsen invested $10 million, has teased a technology for instant settlements between autonomous AI programs.
According to a teaser posted on X, the XRP token will become the basic settlement mechanism for the new "ultimate" AI stack, designed to combine Yellow's high-speed channels with the capabilities of the XRP Ledger (XRPL) network.
Moving value across borders in seconds is old news. XRPL already solved that.
The real challenge now is trust: how do two autonomous AI agents with zero shared history transact safely? They need guaranteed outcomes.
Yellow provides the exact trustless settlement layer to make it happen.
HOT Stories
— Yellow (@Yellow) October 21, 2026
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It is expected that the new software will allow AI agents to trade with each other without fees within the system, and to instantly record the final settlement on the XRP blockchain.
Why do robots need money at all? (And why regular banks don't suit them) Regular bank transfers are too slow for artificial intelligence. When two robots on the network want to make a deal — for example, one AI buys data or computing power from another — they need to complete the payment within fractions of a second. At the same time, they "don't know" each other and cannot take each other's word for it.
Yellow solves this problem. The project acts as a digital guarantor: it verifies and protects the deal on the fly, and then sends it to the XRP Ledger for closing. In the company's teaser, this process was shown simply — two capsules are connected by a glowing bridge of trust.
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AI agents perform millions of micro-operations, so predictability is important to them. The XRPL blockchain may be ideal for this: a transfer there takes only 3–5 seconds, and the fee is a fraction of a cent. Chris Larsen's involvement links this project directly to the future of the Ripple ecosystem.
This infrastructure has already been deployed on the basis of the XRPL AI Hub, where 174 AI services are registered. Autonomous agents have carried out more than 14.5 million microtransactions and closed almost 6,000 deals, paying each other for inference routing, token analysis, and contextual data via the x402 protocol.
XRPL AI Hub metrics showing over 14.5 million settled microtransactions, Source: XRPL AI HubWhile people argue about cryptocurrencies, major capital is building the economy of the future — where robots will buy and sell services to each other without human involvement, using XRP liquidity.
Crypto analyst Steph Is Crypto has identified a significant pattern on the XRP weekly chart, suggesting potential downside risk if a key technical signal is confirmed. Steph Is Crypto, known for in-depth technical analysis of digital assets, flagged the development as a possible warning for XRP investors.
RSI bearish cross triggers cautionThe analysis centers on the Relative Strength Index (RSI) on XRP’s weekly timeframe. Steph monitors two elements: the RSI line itself and its moving average, often referred to as the signal line.
Historically, each time the RSI line has crossed below its moving average since the market low in June 2022, XRP has recorded notable price declines. The latest setup is approaching a similar crossing point, which Steph describes as a critical juncture for the asset.
This pattern, commonly known as a bearish cross, has not been fully confirmed yet. However, Steph remarked that the situation “definitely isn’t a good look,” signaling heightened caution among market observers.
Steph suggests the current RSI formation could have significant price consequences, emphasizing the importance of the weekly close for XRP’s outlook.
Mini dictionary: Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, typically used to identify overbought or oversold conditions in a market.
Historical signals and price dropsSteph’s analysis highlights several historical RSI bearish crosses on XRP’s weekly chart. The first occurred between October 31 and November 7, 2022, when XRP traded between $0.47 and $0.50; this signal preceded a 41% drop over ten weeks.
In May 2023, the bearish cross led to a smaller decline of 12% over a single week. Subsequent signals resulted in further drawdowns of 17%, 39%, 26%, 39%, and 24%. Notably, the largest decline, 49%, occurred on January 27 during a bull market period.
On August 18, 2025, another signal preceded a steep 64% correction, which pulled XRP sharply down from its all-time high of $3.65 reached the previous month. According to Steph’s analysis, bearish signals during bull markets have historically resulted in sharper declines compared to similar patterns during bear markets or transitional periods.
DateXRP Price RangeDrawdown (%)Nov 2022$0.47 – $0.5041May 2023—12Jan 2024—17, 39, 26, 39, 24Aug 2025From $3.6564Analyst’s outlook and potential scenariosSteph explained that the upcoming weekly close will be decisive. A green weekly close could prevent confirmation of the bearish signal, but Steph warns that “this week needs to turn out to be a green week. Otherwise it will unfortunately get confirmed.”
Should the bearish cross confirm, Steph outlines two possible outcomes. The minimum expected pullback is around 12%, which would put XRP in the $1.13 to $1.14 range. If the drop matches typical historical patterns, XRP could fall toward $0.78 to $0.80 in line with previous significant declines observed between 2022 and 2024.
Key price levels for reversalSteph maintains a short-term bearish outlook on XRP unless price action shifts decisively. For a strong reversal signal, Steph requires a break above the $1.50 region confirmed by a weekly close. Until then, Steph’s position remains cautious in anticipation of the potential bearish confirmation.
To confirm a full reversal, Steph looks for a weekly close above the $1.50 level, which would signal renewed strength in XRP.
XRP posted a notable rebound of over 4% on October 21, with its price recovering toward $1.35 as a wave of short seller liquidations hit the market ahead of a key network upgrade for the XRP Ledger. Market data recorded XRP’s 24-hour gain at 4.7%, with trading activity heavily concentrated in the $1.29 to $1.35 range.
XRP short liquidations surge near resistance zoneDerivatives analytics revealed that $4.4 million in XRP positions were liquidated within the past day, with approximately $3.6 million attributed to short sellers. TRdesk, a derivatives tracker, reported that around 80% of these liquidations came from short positions. As leveraged shorts are forced to buy back XRP to settle their losses, such events often contribute further upward pressure to the price rally.
XRP’s return to the $1.35 level signals increased volatility, especially as liquidation-driven buying combines with anticipation for the upcoming network upgrade.
Despite this recent bounce, XRP continues to trade below earlier highs from the first half of October. The preceding decline illustrated the severity of the broader market correction even as institutional investors showed ongoing interest in the digital asset.
Technical traders are closely monitoring resistance between $1.35 and $1.38; a clear break above could shift attention toward $1.42. However, if bearish momentum returns and sends XRP below $1.32, the price may target support levels at $1.29 and $1.28.
Price LevelSignificance$1.38Key resistance$1.35Current recovery zone$1.32Support if price pulls back$1.29Lower supportNetwork upgrade prompts market attentionAnticipation for the XRP Ledger’s scheduled upgrade on October 23 has intensified market activity. The planned activation of fixCleanup3_4_0 is a maintenance amendment set to address various technical issues, including corrections related to token permissions, escrow transactions, automated market maker operations, and foundational aspects for future lending infrastructure.
According to previous analyses published by blockchain intelligence firm Coinpaper, the upgrade received sufficient backing among validators to initiate the countdown process ahead of implementation.
The current amendment, however, does not enable native lending capabilities on the XRP Ledger. The lending protocol—featuring Single Asset Vaults—remains under separate consideration and will require more validator approvals before it can be deployed.
The distinction carries weight because a full-scale credit market on the XRP network could expand the range of financial products available, but the activation of the fixCleanup3_4_0 patch is only a preparatory measure toward such developments.
Mini dictionary: fixCleanup3_4_0 is a maintenance amendment for the XRP Ledger designed to resolve technical issues, improve calculations for lending infrastructure, and update network mechanics, but it does not itself implement new lending features.
Institutional activity and market outlookWhile XRP saw a brief surge, broader uncertainty persists regarding both institutional demand and overall cryptocurrency market sentiment. The US spot XRP ETF market previously attracted inflows for 13 straight weeks, underscoring that consistent investment in regulated products does not necessarily insulate the underlying asset from price corrections.
Ripple, the company behind the XRP Ledger, continues to refine its institutional strategy by exploring uses for XRP as collateral. These measures remain separate from speculative trading and are part of Ripple’s larger approach to expanding utility for the digital asset.
For bullish traders, maintaining support above $1.35 remains critical to challenge resistance at $1.38 and potentially reach $1.42. If the recovery stalls, renewed selling could push prices down to $1.32 or even test the $1.29 support.
The upcoming network upgrade could impact sentiment, but XRP’s next sustained trend will depend on a combination of customer demand, market positioning, and institutional participation.
The outcome of the October 23 amendment, along with continuous institutional activity, is likely to guide XRP price action in the short term, but long-term direction remains linked to broader market dynamics.
Yellow Network, a blockchain initiative backed by $10 million from Ripple co-founder Chris Larsen, is preparing to launch a platform that enables instant settlements between autonomous artificial intelligence agents. The upcoming technology will use XRP as its core settlement currency, aiming to merge Yellow’s rapid transaction channels with the established capabilities of the XRP Ledger (XRPL).
Yellow Network aims for real-time AI settlementsA recent teaser shared on X by Yellow Network outlined plans to create an “ultimate AI stack,” making the XRP token the fundamental medium for instant settlements between autonomous programs. Yellow Network’s development team stated that their software is designed to eliminate transaction fees for internal AI-to-AI trades, while still allowing the final settlement to be instantly documented on the XRP blockchain.
The teaser described how AI agents using the Yellow system can pay each other in real time, without fees, and conclude settlements directly on the XRPL, supporting high-frequency microtransactions.
Yellow Network acts as a digital guarantor, providing verification and protection for transactions between AI agents before submitting them for final recording on the XRP Ledger. The teaser illustrates the process with two AI systems connected by a secure “bridge of trust.”
Addressing speed and trust issues for autonomous transactionsTraditional banking systems offer neither the speed nor the trust logic needed for robotic agents operating at machine speeds. When autonomous AI systems transact—for example, when one purchases data or computational resources from another—they must finalize payments within moments, often fractions of a second, and generally without a prior relationship or established history.
Predictability and efficiency are crucial for these AI agents, which regularly perform millions of micro-operations. The XRPL blockchain may be well-suited for this scenario, providing transaction speeds of 3 to 5 seconds and charging fees that amount to just a small fraction of a cent. With Chris Larsen’s investment, the project directly connects to Ripple’s longstanding expertise within blockchain-based payment ecosystems.
Mini dictionary: XRPL (XRP Ledger), launched by Ripple Labs, is a decentralized, open-source blockchain network designed for fast and cost-efficient settlement of assets. It is widely used for cross-border payments and supports the issuance and transfer of various tokens, including XRP.
Early adoption and real-world performanceThis new settlement infrastructure is already operating within the XRPL AI Hub, which has registered 174 artificial intelligence services so far. According to project data, autonomous agents on the platform have executed over 14.5 million microtransactions and successfully closed nearly 6,000 deals. The agents use the x402 protocol to transact payments for inference routing, token analysis, and contextual data exchange.
Yellow Network positions itself at the forefront of an emerging market where autonomous AI systems will soon buy and sell digital services without human input. By leveraging instant XRP liquidity, the network aims to lay the foundation for a self-sufficient, machine-driven economy.
MetricXRPL AI Hub DataRegistered AI services174Microtransactions14,500,000+Total deals closed6,000
Crypto analyst Xaif, known online as Xaif_Crypto, published an analysis signaling a major shift in the market structure for XRP. His recent investigation revealed a sharp decline in XRP’s cumulative volume delta (CVD), which tracks the net difference between buying and selling volume over time.
Steep CVD decline for XRPAccording to Xaif, XRP’s CVD dropped from nearly neutral to around -1.18 billion. He pointed out that both the green and purple moving averages on his TradingView chart are sloping downward, showing no signs of leveling off. As of the latest reading, the CVD stands at the lowest point on the chart, with the price of XRP at 1.2983.
The CVD’s downward trajectory suggests that selling activity has consistently outpaced buying, indicating pressure from sellers dominating over multiple sessions rather than short-lived surges.
Mini dictionary: Cumulative Volume Delta (CVD): An indicator that measures the net buying and selling volume, helping traders gauge whether buyers or sellers are more active over a specific period.
Xaif’s chart shows a period of stability in CVD until early October, followed by a sudden drop around October 12 to 13. A brief stabilization was seen before another wave brought the CVD even lower from October 17 to 19.
XRP liquidity just got absolutely crushed. The CVD has collapsed from near neutral levels to roughly -1.18 billion, while both moving averages continue trending lower. Is this capitulation, or is there more selling left?
Capitulation or sustained selling?Xaif’s central question focuses on whether the current CVD collapse represents market capitulation or if further selling might be likely. Capitulation typically refers to a situation where persistent and heavy selling marks the end of a downtrend and sometimes signals a reversal. Despite the weakness, the CVD pattern does not yet confirm that a full capitulation event has taken place.
Some analysts interpreting the data remain cautious, viewing the ongoing selling as a sign the bearish trend could extend further. Others believe the current intensity bears hallmarks of exhaustion among sellers, often preceding a shift in momentum.
Community discussions and analysisSeveral market watchers responded to Xaif’s analysis, providing further technical context. One observer described capitulation in precise terms—it usually involves a spike in trading volume, long wicks on the chart, funding rates reaching -0.1%, and CVD flatlining while the price still declines.
By these criteria, he assessed the market as not yet meeting the typical conditions for capitulation. He characterized the current situation as “distribution,” a phase dominated by active selling without divergence or signs of reversal, but suggested a potential bottom could form within a few days.
A different analyst commented that his experience with similar CVD patterns gives him the impression of capitulation. Another voice took a more moderate position, agreeing that the -1.18 billion CVD figure signals significant stress in the market but emphasized that moving averages remain weak and unrecovered, echoing Xaif’s observations.
Market sentiment splitThe data from the past week suggests that XRP continues to face strong selling pressure, with neither price nor CVD reflecting a clear sign of divergence or an imminent turnaround. The analyst community remains divided, with some expecting the period of active distribution to persist, while others think seller exhaustion could emerge soon.
Crypto analyst Amonyx has published a long-term technical analysis of XRP, predicting the potential for a significant price surge that could propel the asset to levels never before sustained in its history. According to Amonyx, XRP is approaching a “supercycle” move, supported by a decade-long chart structure that is currently resolving upward. As of now, XRP is trading near $1.50, while projections on the chart point to a possible rise toward $45.50.
Decade-Long Chart StructureThe chart referenced by Amonyx was originally created by chartist MrGert and spans XRP price data from 2014 to an outlook into 2028. It utilizes a logarithmic scale to map the full market history of XRP and highlights three distinctive market cycles across the period.
The first cycle, running from 2014 to 2017, saw XRP consolidating below resistance before breaking out. The second cycle began in 2018 and reached its peak in 2021. During this phase, XRP surged toward a resistance area, briefly pulled back, recovered, and then failed again at the same barrier, causing this zone to act as a critical ceiling for several years.
“Each XRP cycle recorded in the chart has consistently produced a higher low and a stronger breakout. The difficulty in surpassing the $2.10 resistance level defined its market structure for years.”
Mini dictionary: Amonyx is a digital assets analyst known for technical forecasts and chart analysis, especially regarding XRP price cycles.
Breakout and Support ShiftThe analysis highlights that the current, third cycle is now underway. A rising trendline connects XRP’s lows from 2018 through 2024, creating an ascending triangle formation. The upper boundary of this triangle is marked at the long-standing $2.10 resistance area.
XRP surged above $2.10 during a rally in late 2024, reaching highs above $3. This move transformed the former resistance level into a support zone. Since then, the price has corrected to $1.50, now sitting within what the chart identifies as a critical support area between $1.50 and $2.10, which is expected to serve as the launchpad for any further breakout.
CycleStartPeakResistance LevelOutcome1st Cycle20142017Beneath $2.10Broke resistance, surged2nd Cycle20182021$2.10Pulled back after failed break3rd Cycle2022Ongoing$2.10Broke resistance, support now at $1.50-$2.10Supercycle Target and Technical ContextOn the chart, a prominent purple vertical line projects the anticipated supercycle move. It starts from XRP’s base in 2020 and points toward the upper right, signifying a potential rally to $45.50. This projection mirrors the structural dynamics of the 2017 breakout, indicating the possibility of steep acceleration if a supercycle takes hold.
Amonyx claims that the confirmation of the current phase comes from XRP’s successful break above years-long resistance. The analyst views this technical signal as a strong confirmation for an impending rally. However, the continuation of the bullish pattern depends on XRP’s ability to hold the $1.50-$2.10 support area.
“The next move depends on whether XRP can maintain its structure above the $1.50 critical level, holding this region could pave the way for a renewed surge.”
Current Price and Market PositionXRP is currently positioned within the support zone on the chart, trading at $1.50. The technical structure remains intact as long as the price holds above this support. Analysts regard a breakout above $2.10 as the key element for initiating another strong upward phase, while the historical role of this level as resistance now transforms it into a potential support buffer for further gains.
Grayscale has rolled out an in-kind investing service that lets qualified investors swap cryptocurrencies for shares in 10 investment products. The announcement includes BTC, ETH, SOL, XRP, DOGE, and five more assets, with minimum investments higher than $80,000.
Grayscale Opens In-Kind Investing Across 10 Crypto Products Grayscale’s official announcement states that investors may make deposits directly in tokens and not have to convert tokens into cash first.
The service covers Bitcoin, Ethereum, Solana, XRP, Dogecoin, Avalanche, Chainlink, Hyperliquid, Sui, and Zcash. Investors will own shares of the corresponding products and continue to hold cryptocurrency exposure in a traditional investment account.
The investments, however, vary considerably from one product to another among the 10 products. The Solana Staking ETF and the Bitcoin Mini Trust demand the smallest minimums at around $80,300 and $364,800, respectively.
Dogecoin takes up around $95,550, whereas XRP needs $257,000 and Zcash needs $322,600. These minimums vary depending on the price of cryptocurrencies and can restrict smaller investors from participating in the system.
The new offering comes after Grayscale’s previous launch of a Zcash ETF, bringing another regulated investment vehicle for cryptocurrency investors.
In-Kind Transfers Minimize Direct Responsibilities for Crypto Custody The service will enable users to trade and allow existing cryptocurrency holders to swap tokens with investment shares without the need to execute a separate cash deal. However, it is through authorized participants or approved intermediaries that customers have to tap into the offering.
Grayscale CTO Steve Vanourny stated that institutional custody has become more valuable in the face of cybersecurity threats to cryptocurrency investors. He also highlighted possible collateral benefits in the areas of estate planning, portfolio management, and collateral use.
While custody and counterparty risks remain, contributed cryptocurrencies are no longer managed by investors using their own wallets. The shares are not to give any control over the underlying tokens, but rather to expose the investor to digital assets.
The offering also features the Dogecoin Trust ETF, which saw a surge in investor inflows at the end of September.
SEC Approval Supports Crypto Investment Product Expansion The rollout follows the Securities and Exchange Commission’s July 2025 approval of in-kind creations and redemptions for cryptocurrency exchange-traded products.
The SEC decision allowed authorized participants to exchange underlying cryptocurrencies directly for fund shares. Previously, certain Bitcoin and Ethereum exchange-traded products relied on cash-based transactions.
SEC Chairman Paul Atkins said the mechanism could make cryptocurrency investment products less costly and more efficient. However, the approval does not eliminate transaction charges or risks associated with holding fund shares.
Grayscale warned that facilitator fees, market price differences, and possible tax obligations still apply. In addition, its products also rely on third-party custodians, while investors remain exposed to changes in cryptocurrency prices.
Ripple has announced a significant update to its institutional offerings, unveiling 24/7 stock trading for its clients through the Ripple Prime brokerage platform. The new capability allows institutional investors to trade stocks at any time, utilizing the firm’s stablecoin, Ripple USD (RLUSD), as collateral for their trades.
RLUSD gains utility in institutional tradingWith the integration of RLUSD as collateral, Ripple aims to offer institutions more flexibility in managing their trading positions and capital flows. Traditionally, such transactions require coordination during market hours and reliance on conventional banking systems. By enabling round-the-clock trading, Ripple positions RLUSD as a key tool not just for payments and treasury use, but also for financing and trading within institutional markets.
Ripple stated that this move is intended to streamline access to global markets and provide seamless operational continuity for institutional clients. The use of RLUSD as collateral is seen as a step toward broader adoption of the stablecoin, extending its function well beyond its original purpose as a payment asset.
The integration of RLUSD as collateral in Ripple Prime enables institutional clients to manage trading positions and move funds more efficiently without exclusively relying on traditional banking hours, a company spokesperson indicated.
Liquidity concerns and market limitationsDespite these advancements, market observers have pointed out potential challenges related to liquidity. As 24/7 stock trading remains a relatively new feature, liquidity in these markets can be inconsistent, especially during off-peak hours. Some industry participants suggested that institutional traders could struggle to execute large transactions without a sufficient number of active buyers and sellers, resulting in price volatility or higher transaction costs.
For Ripple Prime’s new 24/7 product to fully meet institutional needs, the development of a deeper pool of liquidity will likely be necessary. This echoes concerns expressed by analysts who emphasize the importance of monitoring trading volumes and market activity outside of traditional hours.
Emergence of dynamic trading tools amid rapid market shiftsAs the technical landscape for institutional and retail trading evolves, platforms that combine trading execution and investor engagement are gaining attention. In particular, the meme token market exemplifies how quickly investment interest can build. In this space, an internet trend can quickly turn modest sums into substantial gains within days. Data provided by Fomo App illustrates this phenomenon, with one highlighted trade involving “Niu Lai” turning a $99 initial investment into approximately $370,000. In fast-moving markets like these, observing not just price charts but also investor timing and token selection is essential to navigating opportunities and risks.
Fomo App seeks to address these challenges by integrating token tracking, trading capabilities, social feeds, investor rankings, and trade notifications into a single platform. The application is designed to allow users to follow both asset trends and the activity of prominent investors in real time.
Platforms integrating token discovery, social engagement, and live trading are becoming increasingly important for those looking to participate effectively in the rapidly changing meme token ecosystem, according to Fomo App’s development team.
