Grayscale CEO Peter Mintzberg has filed Form 144 with the U.S. Securities and Exchange Commission (SEC) to sell 2,611 shares of the Grayscale XRP Trust ETF (ticker: GXRP), with a total value of approximately $53,400, equivalent to $20.45 per share. Earlier, founder Barry Silbert and Chief Legal Officer Craig Salm submitted similar applications in January this year, when the per-share price stood at around $37, meaning Mintzberg’s current selling price is roughly 45% lower. Notably, GXRP’s outstanding share count has plummeted from 5.79 million to 2.84 million over the past six months, a roughly 51% drop, reflecting that redemption pressure has consistently outpaced subscriptions. Currently, the total net assets of U.S. spot XRP ETFs reach approximately $971.6 million, with GXRP accounting for around 6% of the total.
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AI teacher dreams dashed: US school district pulls plug on robot teacher program after developer’s sex robot ties spark controversy
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Amid crypto market uncertainty, Long DeFi highlights AI-driven analytics and automated strategies to help users navigate BTC and XRP market volatility.
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XRP investors are closely watching the cryptocurrency’s key price levels after analyst Skipper outlined a series of resistance points that could shape XRP’s path toward new highs in the coming months.
Analysts outline key resistance levelsSkipper, an influential figure in the XRP community, shared a technical roadmap that highlights important milestones for the token’s price performance. According to the analysis, XRP’s long-term bullish structure remains intact, but the asset must first maintain a support level at $0.85.
Progressing from this base, Skipper identified $1.23 as the next significant price that XRP will need to reclaim to confirm continued bullish momentum. The following resistance sits at $1.65, which analysts consider the final barrier before a move into the $3 to $3.50 range can realistically be targeted.
Analyst projections state that clearing $1.65 would shift focus toward $3 to $3.50, while a move beyond that could set new medium-term targets at $6.40. If the market structure remains constructive, the analysis includes an ambitious long-term target up to $30, contingent on successive resistance levels being surpassed.
LevelStatusNext Target$0.85Support (must hold)$1.23$1.23Key resistance to reclaim$1.65$1.65Critical resistance$3 – $3.50$3 – $3.50Major area to break$6.40$6.40Medium-term target$30 (long-term projection)Skipper emphasized that traders should watch for confirmation of each breakout before expecting the next target to be attainable, reinforcing a step-by-step approach rather than immediate price acceleration.
Recent analysis from Egrag Crypto, another well-known market observer, aligns with Skipper’s technical perspective. Egrag Crypto described XRP as currently retesting a macro breakout after recently moving above a multi-year symmetrical triangle price pattern.
He suggested that the continuity of this structure could determine whether XRP resumes a broader uptrend. Egrag Crypto maintains a $6.40 medium-term target for XRP, while also considering the possibility of a long-term rally to $30 if technical conditions continue to develop favorably.
XRP, launched by Ripple Labs, was designed to facilitate fast and cost-effective cross-border payments, making it one of the earliest utility-focused cryptocurrencies.
Mini dictionary: Symmetrical triangle, a chart pattern in technical analysis where price consolidates with lower highs and higher lows, indicating a potential breakout in either direction once the pattern completes.
Both Skipper and Egrag Crypto expect XRP’s medium-term and long-term targets to be achievable only if the token can sustain its current technical trend and successfully break through the highlighted resistance points.
The roadmap shared by Skipper sparked mixed reactions among XRP supporters. One commenter, Beauboeuf55, dismissed the value of technical analysis for XRP, arguing that the asset’s price action is more influenced by broader market factors and potential manipulation.
Beauboeuf55 stated that XRP’s progress as a utility token would depend more on regulatory advancements than on chart patterns, citing the CLARITY Act as an important legislative development for future prospects.
By contrast, XRP HERALD expressed support for the technical framework, noting that clearing the $1.23 resistance would provide traders with a meaningful first signal in a potential bullish reversal. XRP HERALD believes that breaching $1.65 could make higher price goals considerably more realistic for the asset.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP has come under renewed selling pressure after failing to sustain its previous rebound, sending the price back toward a key support region. Although buyers have stepped in to defend the latest decline, the broader technical picture still favors caution as the asset trades below major resistance levels.
XRP Price Analysis: The Daily Chart The daily chart continues to reflect a bearish market structure, with the cross-border token trading inside a long-term descending channel while remaining below both the 100-day and 200-day moving averages. The recent rejection from the upper portion of the range reinforces that sellers are still controlling the broader trend.
The $1.02 to $1.04 demand zone once again attracted buyers, triggering the latest rebound. However, the recovery remains vulnerable as long as the price stays beneath the descending trendline and the major resistance area around $1.24 to $1.28, where the moving averages also converge. A successful reclaim of this region would be the first meaningful sign that momentum is shifting in favor of the bulls.
On the downside, losing the $1.02 to $1.04 support would expose the broader demand zone around $0.89 and extend the prevailing bearish trend.
XRP/USDT 4-Hour Chart The 4-hour timeframe highlights the recent breakdown below the yellow ascending trendline, confirming that buyers have lost short-term control after failing to defend the series of higher lows. That breakdown led to a sharp decline into the $1.02 to $1.04 demand zone, where buying interest quickly emerged.
The current rebound has pushed XRP back toward the $1.08 to $1.09 resistance area, which previously acted as support before the breakdown. This makes the current rally an important retest of former support turned resistance. As long as the price remains below this zone, the recent bounce could simply represent a corrective recovery within the broader downtrend.
A rejection from the current resistance would increase the probability of another move toward the $1.02 to $1.04 demand zone. Conversely, a decisive reclaim of the $1.08 to $1.09 region would improve the short-term outlook and open the door for a recovery toward the larger supply zone around $1.16 to $1.18.
What The Filing Actually ShowsMintzberg filed the Form 144 on July 28, listing the sale through broker Cantor Fitzgerald at $20.45 per share, according to the filing.
He still holds 2.84 million shares after the sale. A Form 144 states an intention to sell and is not confirmation that the trade has cleared.
He is the third Grayscale insider to file notice on GXRP.
Barry Silbert, who founded Digital Currency Group and owns Grayscale through it, filed as a 10% stockholder on January 26.
Meanwhile, Craig Salm, Grayscale’s chief legal officer, filed on January 23. Both January filings marked shares near $37 each, roughly 45% above where Mintzberg is marking his block today.
Why The Share Count Drop Matters More Than The SaleBoth January notices listed 5,790,100 shares outstanding. Mintzberg’s July notice lists 2,840,100, a drop of roughly 2,950,000 shares in six months, representing about 51% of the trust’s total float.
Share counts in an ETF fall when redemptions outpace creations. None of the three filings explains why this happened and Grayscale has not addressed it publicly.
At $20.45 per share, the remaining count puts the trust at roughly $58 million in assets.
U.S. spot XRP ETFs held about $971.6 million in total net assets on July 28, according to SoSoValue, leaving GXRP at roughly 6% of the category.
Goldman Sachs Already Exited XRP ETFs Earlier This YearGoldman has since publicly endorsed the Clarity Act, though its XRP ETF position remains at zero.
Where Does XRP Stand Technically?XRP trades 70% below its all-time high with the 200-day SMA at $1.37 and the 50-day SMA at $1.11 sitting well above current price.
The 20-day and 50-day SMAs both sit below the 200-day, keeping the bigger-picture trend bearish.
MACD sits below its signal line with a negative histogram, pointing to fading buying pressure rather than a recovery building.
Photo via Shutterstock
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U.K. asset manager Aviva Investors has announced the launch of its first tokenized fund in partnership with crypto firm Ripple. This follows the partnership that both firms struck earlier this year to advance tokenization on the XRP Ledger (XRPL)
Aviva Investors Tokenizes USD Fund On XRP Ledger In a press release, the asset manager announced the successful launch of a tokenized share class of its USD Liquidity Fund on the XRP Ledger. “This marks the first tokenisation of an Aviva Investors fund, and follows the announcement of the partnership between the firm and Ripple early in the year,” the release read.
As CoinGape reported, Ripple partnered with Aviva Investors earlier this year to advance tokenization on the XRP Ledger. This is notably Ripple’s first partnership with a European investment firm to tokenize real-world assets (RWA) at scale.
Aviva Investors revealed that crypto custodian Komainu and digital platform company Licuido both supported the launch of the tokenized share class. Meanwhile, the asset manager also received approval from the Central Bank of Ireland (CBI) for the launch of this tokenized fund.
Coincidentally, the launch of this tokenized fund comes as the Ripple-backed XRP Ledger fix amendment goes live. The network’s developers have continued to push upgrades in a bid to boost the network’s institutional adoption.
How The Fund Works Aviva Investors noted that the fund targets low-risk returns and daily liquidity by offering investors exposure to high-grade US dollar-denominated short-term debt instruments. The asset manager further mentioned that the new share class will be available to eligible investors with digital wallets.
Meanwhile, BNY Mellon, the fund’s custodian, will be responsible for holding the assets for these tokenized shares. “The structure has been designed to operate within existing regulatory frameworks, providing a scalable foundation for future innovation in fund distribution and market infrastructure,” the asset manager added.
The XRP Ledger continues to see increased activity in terms of tokenization. RWA.xyz data shows that the total tokenized value on the network currently stands at just over $4.3 billion. The RWA holders on the network are notably up over 17% in the last month.
For more on tokenization, please check out our page on Best Platforms to Trade Tokenized Stocks
XRP Ledger has activated its fixCleanup3_2_0 amendment, making version 3.2.0 the minimum software release required for nodes to remain compatible with the mainnet.
Summary
The amendment received 85.71% validator support, with 30 votes in favor and five against. Nodes running version 3.1.0 or earlier are now amendment-blocked until operators upgrade. The update fixes issues affecting vaults, lending, permissioned trading and Multi-Purpose Tokens. Version 3.2.0 also renames the core server software from rippled to xrpld. XRP Ledger activates fix with 85.71% support XRPScan data shows that fixCleanup3_2_0 is now active after securing support from 30 of the 35 trusted validators that participated in the vote. Five validators opposed the amendment.
The fixCleanup3_2_0 amendment is now active. With this, all nodes running version 3.1.0 and below are amendment blocked until they upgrade to 3.2.0. Please take action to ensure service continuity. https://t.co/rdeqdhme0x
— XRPScan (@xrpscan) July 29, 2026 XRPL amendments that change transaction processing must maintain at least 80% support among trusted validators for two consecutive weeks before activation. The latest proposal cleared that requirement with 85.71% consensus.
Activation immediately affects infrastructure operators running older software. Nodes on version 3.1.0 or below are now “amendment blocked,” meaning they cannot follow the updated rules governing validated ledgers.
“The fixCleanup3_2_0 amendment is now active. With this, all nodes running version 3.1.0 and below are amendment blocked until they upgrade to 3.2.0. Please take action to ensure service continuity,” XRPScan said.
The warning applies to exchanges, wallet providers, payment services, developers and other businesses that operate their own XRPL infrastructure. Users holding XRP in self-custody wallets do not need to change their tokens or move funds because of the amendment.
What fixCleanup3_2_0 changes The amendment introduces a package of protocol corrections included in the XRP Ledger 3.2.0 release. It does not add a new user-facing product or alter XRP’s supply.
Among the changes are precision and rounding fixes for Single Asset Vaults and the Lending Protocol. The package also corrects an invariant affecting valid offer deletions on the Permissioned DEX.
Other changes validate non-canonical Multi-Purpose Token amounts, add a zero DomainID check for permissioned domains, and introduce an invariant that checks whether deleted accounts leave directly accessible ledger objects behind.
XRPL data cited after activation showed that 105 validators, or 70% of the network total, were running version 3.2.0. Another 35 validators, representing 23.33%, remained on version 3.1.3.
Among other nodes, 582, or 68.88%, had adopted version 3.2.0, while 228 nodes, or 26.98%, were still using version 3.1.3. Operators on 3.1.3 are above the version range identified in XRPScan’s amendment-block warning, although XRPL developers have urged all operators to complete the 3.2.0 migration.
Version 3.2.0 renames rippled to xrpld Released in mid-June, version 3.2.0 also changed the name of XRPL’s reference server implementation from “rippled” to “xrpld.” The rename follows XLS-0095, a proposal designed to link the software’s identity more directly to the XRP Ledger.
The change extends beyond the server executable. Operators upgrading from version 3.1.3 must rename the configuration file from rippled.cfg to xrpld.cfg and revise related database paths, packages, scripts, deployment settings, service definitions, and metadata.
XRPL’s migration documentation provides steps intended to preserve existing node data while replacing the former naming conventions.
Developers describe version 3.2.0 primarily as a cleanup and maintenance release. It retires amendments that had remained active for more than two years and continues dividing the libxrpl codebase into smaller modules to support future maintenance.
XRPL upgrade follows $2.6B RWA increase The activation comes as the ledger handles a growing amount of tokenized real-world assets. As crypto.news reported on July 26, XRPL added about $2.6 billion in RWA value over six months, excluding stablecoins.
That ranked the network second for net RWA inflows during the period, behind BNB Chain’s roughly $3 billion. Stellar followed with about $2.1 billion.
XRPL’s combined distributed and represented RWA value reached approximately $4.38 billion, while stablecoins added another $995.12 million. The wider total exceeded $5.37 billion.
For US businesses using XRPL for tokenized assets, payments, or exchange infrastructure, the amendment creates an operational requirement rather than a new regulatory rule. Operators must keep their server software compatible to avoid service interruptions as activity on the network expands.
When XRP surged to its all-time high of $3.65 in 2025, crypto analyst EGRAG CRYPTO publicly predicted a significant market correction was imminent. Over the following year, XRP’s price declined, which EGRAG CRYPTO now points to as confirmation that his macro analysis remains relevant.
Analyst’s early warning and response to criticsEGRAG CRYPTO, a well-known figure in the crypto analysis community, made his initial call in July 2025, emphasizing that XRP’s rapid rise past $3.50 would likely face a steep correction. As the correction unfolded, he addressed both steadfast holders and critics by highlighting his consistent messaging.
He stated, “Men lie. Women lie. But posts do not lie; the record proves our stance.” EGRAG CRYPTO used this to underline that his past analysis, documented on public channels, had anticipated the downturn.
“Men lie. Women lie. But posts do not lie; the record proves our stance.”
In the aftermath of the correction, the analyst directly engaged with the XRP community on X (formerly Twitter), referencing his prior warning and reaffirming that his position had not changed as market conditions evolved.
EGRAG CRYPTO recognized a core group of analysts and XRP community leaders who maintained their outlook through the decline. This group includes Brad Garlinghouse, Chief Executive Officer of Ripple Labs, and CTO Emeritus David Schwartz, as well as analysts such as ChartNerd and DarkDefender.
Their presence is seen as providing stability and confidence for XRP investors. EGRAG CRYPTO emphasized to his audience that “conviction is tested during fear, not during euphoria,” reinforcing the value of holding firm to analysis during turbulent periods.
Other community members reiterated his view, suggesting that it is during periods of market stress—not optimism—that true conviction is demonstrated. ChartNerd and other analysts also publicly supported EGRAG CRYPTO’s assessment following his latest statements.
Mini dictionary: EGRAG CRYPTO, a pseudonymous crypto analyst known for technical market analysis and commentary about XRP’s price cycles, has built a notable following within the XRP community for his detailed price predictions and cycle-based charts.
Long-term targets remain unchangedReferencing a post from July 2025, EGRAG CRYPTO outlined his price projections, based on historical market cycles. Citing the 2017 cycle, he projected XRP could reach $33, while the 2021 cycle implied a potential $7.70. Averaging these historical targets, he suggested an approximate $20 target for XRP during the current cycle.
He left the question open to his audience, asking if this projection was unreasonable given previous market cycle data. Accompanying the analysis was a long-term price chart highlighting a target zone derived from past patterns, and EGRAG CRYPTO has so far kept those projections unchanged.
Cycle YearHistorical Target2017$332021$7.70Average/Current Cycle Projection$20By referencing past cycles, EGRAG CRYPTO kept the $20 target in place and challenged his followers to consider if this level was unrealistic based on historical price movements.
Analysis of the downward trendDespite the ongoing correction in XRP’s price, EGRAG CRYPTO has not revised his previous outlook. Instead, he views the market decline as confirmation of the warning he issued near XRP’s peak. The correction arrived at the expected time, and his long-term targets remain, according to his latest messaging.
For EGRAG CRYPTO and fellow analysts mentioned, the recent correction in XRP does not signify a change in the overall trajectory. They maintain that the pullback had already been factored into their previous macro analyses.
Ripple Labs, headquartered in San Francisco, is a fintech company known for developing the digital payment protocol Ripple and the associated native cryptocurrency XRP. Brad Garlinghouse has served as CEO since 2017, and David Schwartz, known for his technical contributions, now holds the position of CTO Emeritus.
EGRAG CRYPTO and his supporters continue to urge the community to hold their positions, emphasizing patience and adherence to long-term strategies amid market volatility.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Trader DonAlt, who gained cult status in the crypto community after accurately predicting XRP's phenomenal rally from $0.50 to $3.50, has published his latest price outlook for the leading cryptocurrency.
His new market view comes at a critical moment as Bitcoin has moved close to the psychological level of $64,300, while investors remain frozen in anticipation of the U.S. Federal Reserve's interest rate decision.
According to the analyst, Bitcoin has reached an equator separating a prolonged decline from a new large-scale rally. On his weekly price outlook, he clearly marked the key threshold with a red resistance line.
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New Bitcoin price outlook by DonAlt, Source: DonAlt via X"Above the red line, we actually look quite good," DonAlt commented on the current market structure. The trader explained that he is not going to make blind predictions and is waiting for solid confirmation and "might have to add if we actually close above it."
He is referring specifically to the weekly candle close, which is a key indicator of buyer strength for major market participants.
Two outcomes for Bitcoin and the hidden Ethereum advantageBased on this chart analysis and the current news backdrop, two key scenarios are now relevant for the market:
Bullish case: A confident weekly close above the red resistance zone of $66,600–$68,000 would break the downtrend and open a direct path for Bitcoin toward new all-time highs.Bearish case: If buyers fail to hold the current levels, the price risks correcting first toward the psychological mark of $60,000 and, if panic intensifies, falling as far as the major support zone around $42,000–$45,500. You Might Also Like
Interestingly, the analyst sees even greater potential in Ethereum, briefly summarizing his view: "ETH is the same as BTC, but better." Judging by this assessment, the second-largest cryptocurrency's chart is recovering faster and more cleanly than Bitcoin's.
While Bitcoin is attempting to overcome local resistance, major players are using the current pullback to increase their positions. According to on-chain data from analytics platform Santiment, shared by analyst Ali Martinez, large holders, or whales, accumulated 29,075 BTC over the past week alone.
Peter Mintzberg, CEO of Grayscale, a crypto asset company managing over $35 billion in assets, announced plans to sell 2,611 shares of the company’s XRP ETF.
Mintzberg has filed a request with the SEC to sell 2,611 shares of the Grayscale XRP Trust (GXRP) ETF for a total of $53,394.95 at $20.45 per share.
The CEO acquired the shares in question through a private purchase from the trust on October 3, 2024, long before GXRP became an exchange-traded XRP ETF.
The XRP ETF share sale will be conducted through Cantor Fitzgerald on the NYSE Arca, it was stated.
CEO Mintzberg is not the first Grayscale executive to reduce his investment in GXRP. Previously, Digital Currency Group founder Barry Silbert and Grayscale Chief Legal Officer Craig Salm also notified the SEC to sell a portion of their GXRP shares prior to the IPO.
Market observers believe Grayscale CEO’s sell-off is aimed at reducing his exposure to XRP due to concerns about the Fed’s interest rate hikes and the delay in the Clarity Act.
As is known, GXRP launched via private placement in September 2024, and insiders purchased shares at that stage, long before the IPO.
*This is not investment advice.
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OSL Digital Securities has opened XRP trading to retail investors in Hong Kong, creating a regulated fiat on-ramp as US lawmakers continue debating federal crypto market rules.
Summary
OSL became Hong Kong’s first SFC-licensed platform to offer direct retail spot access to XRP. Retail users can access XRP/USD through Flash Trade and XRP/USD and XRP/HKD through OTC trading. XRP joins Bitcoin, Ethereum, and Solana among assets available to OSL’s retail clients. The launch follows XRP’s December 2025 listing for professional investors on the same platform. OSL opens XRP trading to Hong Kong retail investors OSL Digital Securities launched retail XRP trading on July 29, according to an announcement from the company. The platform operates as a subsidiary of OSL Group, which is publicly listed in Hong Kong under stock code 863.
Breaking News🚨 XRP trading is NOW live for RETAIL investors on OSL HK — the FIRST exchange in Hong Kong to offer retail XRP trading!
XRP by @XRPLF is a decentralized digital asset native to the XRP Ledger, built to enable lightning-fast cross-border payments and… pic.twitter.com/GtJdCk0h7C
— OSL HK (@OSL_HK) July 29, 2026 The rollout makes OSL the first platform licensed by Hong Kong’s Securities and Futures Commission to give retail investors direct spot access to XRP.
OSL introduced an XRP/USD pair through its Flash Trade service. Its over-the-counter service also supports XRP/USD and XRP/HKD, with transactions settled through the XRP Ledger.
The Hong Kong dollar pair gives local investors a direct fiat route into XRP through a regulated venue. Retail users previously had fewer options and often depended on offshore exchanges that do not operate under the city’s licensing framework.
XRP now joins Bitcoin, Ethereum, and Solana as the four digital assets available to retail clients on OSL. The company holds Type 1 and Type 7 licenses from the SFC and is registered under Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance.
OSL also says its custody setup carries $1 billion in insurance coverage for client assets.
XRP access expands beyond professional investors The retail launch follows OSL’s initial XRP listing in December 2025, when access was limited to professional investors, including institutions and qualifying high-net-worth clients.
That earlier rollout supported XRP/HKD, XRP/USD, and XRP/USDT through Flash Trade. Extending access to everyday investors marks the next stage of OSL’s XRP offering and reflects Hong Kong’s gradual expansion of regulated crypto products.
The launch also adds another regulated entry point for XRP in Asia as institutional firms build blockchain-based financial infrastructure across the region.
Japan’s SBI Holdings, a long-time Ripple partner, expanded that strategy on July 28 by restructuring a wholly owned subsidiary around the Canton Network. SBI Security Solutions became SBI Digital Practice, creating a dedicated business for institutional on-chain finance.
The subsidiary will develop financial applications and infrastructure on Canton, covering regulatory compliance, implementation support, and cross-border transaction systems. The move adds Canton to SBI’s existing work involving Ripple and the XRP Ledger.
XRP institutional demand and XRPL activity grow OSL’s retail expansion comes as investment products tied to XRP continue attracting capital. XRP spot exchange-traded funds have recorded eight consecutive weeks of inflows, lifting cumulative inflows to about $1.49 billion.
Activity on the XRP Ledger has also expanded beyond XRP transfers. RWA.xyz placed the XRP Ledger’s combined distributed and represented real-world asset value at about $4.37 billion on July 29, including $313.3 million in distributed assets and $4.06 billion in represented assets.
Ripple’s RLUSD stablecoin recorded another source of network growth. Messari reported that RLUSD’s market capitalization on the XRP Ledger rose 44.9% quarter over quarter to $340.3 million at the end of Q1 2026, making it the network’s largest stablecoin.
Hong Kong moves as US crypto legislation stalls Hong Kong’s licensed rollout contrasts with the slower development of federal crypto market rules in the United States.
Ripple CEO Brad Garlinghouse recently urged Congress to pass the Digital Asset Market Clarity Act despite unresolved disagreements. Garlinghouse backed Ripple Chief Legal Officer Stuart Alderoty’s argument that lawmakers should not abandon the legislation while seeking a perfect compromise.
“Perfect can’t be the enemy of good. Let’s get this done!” Garlinghouse wrote.
The CLARITY Act remains caught in a Senate dispute over consumer protection, ethics restrictions, enforcement powers, and illicit-finance safeguards. Seven Senate Democrats have opposed the current text while leaving negotiations open.
For US investors, OSL’s launch does not create access unless they meet the platform’s jurisdictional and eligibility rules. Its broader importance lies in showing how Hong Kong is adding assets to licensed retail venues while the United States continues working toward a national framework for classifying and supervising digital assets.
Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger, moving its Ripple partnership into production.
Summary
Aviva Investors launched its first tokenized fund structure on the XRP Ledger. The Ireland-domiciled fund received Central Bank of Ireland approval for its new share class. Eligible investors can access the fund through digital wallets while BNY Mellon holds the underlying assets. XRP Ledger hosts approximately $4.37 billion in distributed and represented real-world assets. Aviva brings its USD liquidity fund to XRPL Aviva Investors and Ripple announced the launch on July 29, following a tokenization partnership disclosed in February. The product is a new share class of the Aviva Investors US Dollar Liquidity Fund, an Ireland-domiciled UCITS money market fund launched in its traditional form in 2020.
The companies are using a “digital twin” structure. Fund holdings are represented on the XRP Ledger, while the existing off-chain fund and its regulated framework remain in place.
Eligible investors with approved digital wallets will receive the same investment objective, risk profile, liquidity terms and regulatory protections available through the conventional share class, according to the launch announcement.
Mark Versey, CEO of Aviva Investors, described the launch as the asset manager’s first step into tokenized funds.
“It is our view that this trend will increase efficiency and ultimately lead to improved client outcomes.”
Central Bank of Ireland approves tokenized share class The Central Bank of Ireland approved the new share class, allowing the product to operate within the fund’s existing regulated structure.
Aviva said the fund targets low-risk returns and daily liquidity through high-grade, short-term debt instruments denominated in US dollars. BNY Mellon will continue holding the fund’s underlying assets, separating regulated custody from the blockchain record representing investor holdings.
Komainu, a regulated digital asset custodian, supported the blockchain infrastructure, while Licuido provided technology for tokenizing the fund. The structure lets Aviva issue and manage fund shares on XRPL without moving the underlying securities directly onto the network.
For US investors, the fund’s dollar denomination does not automatically make it available in the United States. Access remains limited to eligible investors and depends on local securities rules, distribution approvals and Aviva’s onboarding requirements. The announcement did not identify a US retail offering or approval from the Securities and Exchange Commission.
Ripple expands its institutional product strategy The launch turns Ripple’s first partnership with a European investment manager into a live product. When the firms announced their agreement in February, they said they intended to work together throughout 2026 and beyond on bringing regulated funds to XRPL.
Ripple has also expanded other parts of its institutional infrastructure. Last week, the company launched Ripple Mint, giving approved customers a direct channel to issue, redeem, bridge and track its Ripple USD stablecoin.
Ripple separately invested in compliance firm Notabene, which operates a payment and transaction network for regulated businesses. Together, the updates address token issuance, distribution and compliance rather than relying on a single blockchain product.
SBI Holdings, a long-time Ripple partner, is also broadening its blockchain exposure. The Japanese financial group recently renamed SBI Security Solutions as SBI Digital Practice and repositioned the subsidiary around the Canton Network. The move extends SBI’s institutional on-chain strategy beyond Ripple and XRPL.
XRP Ledger holds $4.37B in tokenized assets The Aviva fund joins a growing group of tokenized financial products represented on XRPL.
RWA.xyz data showed $313.3 million in distributed assets and $4.06 billion in represented assets on the network as of July 29. Together, those categories placed XRPL’s tracked real-world asset value at approximately $4.37 billion.
The number of RWA holders increased 17.42% during the previous 30 days to 182. However, distributed asset value fell 5.24%, while represented value declined 0.47% over the same period.
XRPL also held $952.25 million in stablecoins, including about $907.2 million attributed to RLUSD. Adding stablecoins to the network’s distributed and represented RWA figures would put the broader tracked total above $5.3 billion, although RWA.xyz lists the categories separately.
Aviva and Ripple have not disclosed the initial value of shares issued through the tokenized class. Future growth will depend on investor onboarding and whether Aviva expands the model to other funds under the partnership.
Ethereum Crosses 200 Million Non-Empty WalletsBlockchain analytics platform Santiment reports that $ETH has surpassed 200 million non-empty wallets for the first time, marking a significant adoption milestone for the network. The figure has been climbing steadily across multiple market cycles. The network boasts nearly 195 million non-empty wallets, roughly 230% more than Bitcoin's 59 million, extending a lead that has steadily widened throughout multiple market cycles. The crossing of the 200 million threshold, reported in the two weeks to July 29, represents the latest step in that trend.
Non-empty addresses measure wallets holding some amount of ETH, tracking participation rather than short-term speculative activity. Santiment views rising wallet counts as a sign of stronger network participation and long-term adoption, even when price sentiment turns negative. Santiment noted that user adoption has moved in the opposite direction from crowd sentiment, a pattern that has appeared before during periods of peak fear.
XRP Ledger and Chainlink Also Log Fresh RecordsThe milestone rally extends beyond Ethereum. The XRP Ledger has officially crossed the 8 million activated accounts milestone for the first time in history. This count is more rigorous than earlier reports: XRP wallet counts had exceeded 8 million before, but those totals included every wallet ever created, including ones that no longer exist. The new count only includes accounts that are live and funded today. The ledger crossed 7 million activated accounts last September and needed about ten months to add the eighth million, right through one of the roughest markets XRP has ever traded in.
Santiment also notes that $USDC on Ethereum has crossed 8 million non-empty wallets, reflecting the stablecoin's deepening footprint on the network. Meanwhile, Chainlink $LINK has exceeded 900,000 holding addresses, a fresh high for the oracle protocol that underscores growing demand for its decentralised data infrastructure.
Taken together, the figures point to continued structural growth in on-chain participation across several major networks, even as broader market sentiment has remained cautious. Santiment says rising wallet counts indicate stronger network participation and long-term adoption, a view consistent with the divergence between on-chain growth and price performance seen across the sector in 2026.
Sources:
Santiment: Ethereum Still Being Adopted at Rapid Pace Despite Negative Press
The Crypto Basic: XRP Finally Crosses the 8M Activated Accounts Milestone After 13 Years
247 Wall St: XRP Ledger Crosses 8 Million Activated Accounts
The crypto market may be drifting sideways, but a quieter signal suggests participants are not walking away. According to a Santiment update on July 28, Ethereum recently crossed 200 million non-empty wallets for the first time, XRP Ledger and USDC on Ethereum both moved past 8 million holders, and Chainlink surpassed 900,000. The on-chain intelligence platform noted the trend across a period of weak price action, framing it as evidence that adoption keeps building beneath flat markets.
Non-empty wallets measure how many addresses hold a positive balance. They are not unique users—one person can control many wallets—but rising counts still map to more addresses holding value, interacting with decentralized applications, or maintaining a stake in the network. When that number climbs while token prices fail to break out, it can signal that market participants are accumulating or simply refusing to sell, rather than leaving the ecosystem.
Ethereum Leads, Stablecoin Growth Stands Out Ethereum’s jump past 200 million non-empty wallets is the most visible headline, but the movement in USDC on Ethereum and XRP Ledger adds texture. USDC’s expansion fits a stablecoin cycle where Circle has been expanding banking, custody, payments, and minting rails alongside major institutions. As a settlement asset, USDC remains one of the most used in crypto, and rising holder counts suggest it is circulating into more hands, not just sitting in exchange reserves.
XRP Ledger crossing 8 million non-empty wallets and Chainlink surpassing 900,000 show a similar pattern: user growth attached to platforms that are expanding their feature sets. Data from blockchain developer activity rankings continues to place Ethereum among the most active networks, reinforcing the idea that the networks seeing the most wallet additions are also those with significant technical development underway. The alignment of user growth and sustained building activity makes these trends harder to dismiss as noise.
Why the Signal Matters When Prices Don’t Move Market observers often look to on-chain metrics when price action decouples from fundamentals. Sustained wallet growth while markets are flat is not a timing tool. It does not predict the next leg up. But it does suggest that the base of participants is widening, not shrinking. That structural shift can matter later if liquidity returns or sentiment flips. For traders, it shifts the question from “is anyone still here?” to “who has been quietly positioning while the crowd was distracted.”
At the same time, holder counts offer no detail about distribution. Fresh wallets could belong to existing participants rotating funds, or a handful of institutions deploying capital. A rise in non-empty wallets does not automatically mean new retail adoption. Caution is warranted before drawing firm conclusions about user demographics from this single metric.
The broader adoption picture is also reflected in related market segments. Recent moves in real-world asset tokenization pushed total on-chain RWA value past $20 billion, demonstrating that institutional engagement with blockchain infrastructure is deepening across multiple fronts. When combined with wallet growth data, a consistent narrative emerges: more capital, more contracts, and more addresses, even when headline prices are idle.
What Comes Next For the networks highlighted in Santiment’s update, the immediate challenge is converting wallet growth into sustained network activity and fee generation. Rising holder counts without rising transaction volumes or active dapp usage can indicate passive holding rather than genuine utility. Still, the direction of travel matters. In a market where price charts offer little clarity, on-chain adoption patterns provide one of the few remaining anchors for gauging ecosystem health.
The coming weeks will show whether this accumulation trend continues or stalls if macro conditions shift. In the meantime, the data confirms that the quiet periods of the cycle are not necessarily empty ones.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Ethereum, XRP, USDC, and Chainlink have recorded a surge in the number of non-empty wallets, signaling robust network participation and adoption despite the broader crypto market’s sideways price action. Data from Santiment Intelligence revealed that several leading blockchain networks are seeing consistent growth in address activity as total wallet counts break new records.
Key blockchain networks exceed major wallet milestonesOver the past two weeks, Ethereum surpassed 200 million non-empty wallets for the first time in its history. During the same timeframe, the XRP Ledger and USDC on Ethereum each crossed the 8 million mark for funded addresses, while Chainlink exceeded 900,000 active wallets holding LINK tokens.
Analysts view rising non-empty wallet counts as a straightforward metric demonstrating sustained user engagement and broader adoption. Non-empty wallets often reflect users and institutions that continue to store assets, interact with decentralized applications, or participate in various blockchain ecosystems instead of retreating during periods with minimal price movement.
Ethereum’s expanding base of active wallets underlines its dominant role as a leading smart contract and decentralized finance platform. The network remains a backbone for applications in NFTs, tokenized real-world assets, stablecoins, and enterprise blockchain deployments across the industry.
USDC, XRP, and Chainlink holders rise amid new use casesUSDC’s rapid holder growth is attributed to its expanding real-world utility beyond speculative purpose. As Circle broadens its global banking partnerships and payment infrastructure, USDC has emerged as a widely adopted stablecoin for cross-border transactions, settlements, and within DeFi protocols. The trend indicates a shift as more users hold the token for routine activities.
XRP Ledger continues to expand, mirrored by the steady rise in non-empty wallets. The increased adoption coincides with ongoing developments in cross-border payments, tokenization projects, and enterprise blockchain integrations. Hong Kong recently launched its first licensed retail XRP trading platform, granting retail investors regulated access to XRP and advancing the city’s goal to become a prominent digital asset hub in Asia.
In addition to payments, the XRP ecosystem is diversifying with tokenized shares of major companies, AI-powered payment systems utilizing XRP and RLUSD, fresh partnerships with Mastercard, and new developer grants intended to spur further ecosystem expansion.
Chainlink’s growing adoption also reflects the expanding need for reliable decentralized oracles within blockchain environments. As more projects integrate Chainlink’s services to facilitate tokenization, cross-chain operations, and institutional blockchain use, the utility demand for LINK tokens has increased steadily.
Santiment Intelligence highlighted that rising holder counts across Ethereum, the XRP Ledger, USDC, and Chainlink indicate broader adoption, an expanding user base, and the formation of a strong foundation for future market growth cycles despite flat prices.
Tools for tracking and responding to crypto adoptionAs technical indicators highlight continued expansion in non-empty wallets—often used to monitor network health and growth—investors and market participants are placing greater emphasis on platforms that provide real-time data and investment management. CryptoAppsy, which requires no account creation hassle, combines your crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, users can instantly seize opportunities by setting up smart price alerts, filter news specific to selected coins, discover newly listed altcoins as they launch, and monitor critical macroeconomic events such as Fed interest rates to stay ahead of the market.
Altogether, while market prices may remain stable, the consistent increase in non-empty wallets for top blockchain networks illustrates continued growth in user activity and adoption across the crypto sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple (XRP) holds modest gains, trading around $1.08 at the time of writing on Wednesday. The remittance token mirrors the general neutral-to-bullish outlook in the crypto market, as focus shifts to the Federal Reserve (Fed) rate decision.
Market participants widely expect the Fed to leave interest rates unchanged in the 3.50%-3.75% range. Still, CME’s FedWatch tool shows a 35% probability that the central bank will hike interest rates by 25 basis points (bps), underscoring prevailing market uncertainty.
FedWatch tool | Source: CME GroupFlare enhances XRP DeFi utilityFlare Network’s Flare Smart Accounts (FSA) v1.3 has announced improvements to the process of staking XRP to earn yield in the decentralized finance (DeFi) space. Billions of XRP, which have been sitting in wallets, can now easily be connected to smart contracts through a collapsed single XRP Ledger (XRPL) signature process.
Flare stated in the press release that “previously, the flow required two separate XRPL signatures. v1.3 merges them into one. Pick a vault, sign once from the XRPL wallet you already use, and FSA handles the rest on Flare automatically.”
The one-signature process also operates on key principles, including a non-custodial service, without requiring a new Ethereum Virtual Machine (EVM), gas token or manual bridging. The collateralized XRP remains on the XRPL, backed at a 1:1 ratio, under the holders' control. Moreover, the platform automatically mints FXRP, which is deposited into the chosen vault to start earning.
“Authorization is proof-based, not signature-verification-based. Custody is non-custodial. No separate EVM key, no session-key delegation, no third party holding funds,” Flare expounded.
Technical outlook: XRP poised to extend reboundXRP edges higher, albeit gradually, with the immediate upside capped below $1.10. Despite the short-term neutral-to-bullish outlook, demand for related digital investment products remains sluggish.
SoSoValue data shows that interest in XRP spot Exchange-Traded Funds (ETFs) dried up amid muted activity on Tuesday. This comes after very mild inflows of $592,000 on Monday, undermining risk appetite. Nevertheless, cumulative inflows hold steady at $1.5 billion, with net assets at $972 million, suggesting that investors remain committed to XRP in the long term.
XRP ETF flows | Source: SoSoValueThe remittance token remains under clear downside pressure as price holds below the 50-day Exponential Moving Average (EMA) at $1.13, with the 100-day EMA at $1.22 and the 200-day EMA at $1.42 reinforcing a dominant bearish structure overhead.
The SuperTrend indicator at $1.16 also sits above spot, suggesting rallies are still being treated as corrective. Momentum signals are soft rather than washed out, with the Relative Strength Index (RSI) hovering near 46 on the daily chart and the Moving Average Convergence Divergence (MACD) histogram marginally negative, hinting that sellers retain the upper hand but without capitulation.
XRP/USDT daily chartOn the topside, immediate resistance is seen at the 50-day EMA around $1.13, where any rebound would first be challenged, followed by the SuperTrend zone near $1.16, which forms a secondary cap. Further up, the 100-day EMA at roughly $1.22 and the 200-day EMA near $1.42 outline broader recovery hurdles that would need to be reclaimed to ease the prevailing bearish bias. On the downside, investors may need to rely on former horizontal support levels such as $1.05 and $1.00 to gauge whether to reengage.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
Transaction Volume Is Not the Full PictureRippleX software developer Mayukha Vadari (@msvadari) has pushed back on a common assumption in the XRP community: that transaction volume is the definitive measure of whether an $XRP Ledger amendment is working. Vadari argued that transaction volume may not be the best way to measure every amendment, noting that some features create value without generating significant on-chain activity.
She cited the clawback feature as a clear example, saying that in this context, the liquidity and market capitalisation of clawbackable tokens is what matters, since those tokens would not have launched on the ledger without the clawback feature existing in the first place. In her view, those tokens may not need to use the clawback transaction frequently at all.
The clawback mechanism was designed for regulatory purposes, giving issuers the ability to recover tokens distributed to accounts flagged for illegal activity. The feature is disabled by default. Its practical significance became clear when Ripple's dollar-pegged stablecoin RLUSD, itself a clawback token, was enabled for direct trading on the XRP Ledger's decentralised exchange, improving its liquidity and expanding DeFi activity on the network.
Cross-Cutting Features and the Sponsored Fees AmendmentVadari also noted that some features function as cross-cutting infrastructure, becoming deeply integrated into existing transaction flows rather than standing alone as discrete transaction types. She pointed out that such features are typically more embedded within other transactions.
She drew on an upcoming amendment, sponsored fees, as another illustration. For that feature, she said the right metric is how often the sponsor field is used across transactions, rather than counting how many times the new SponsorshipSet and SponsorshipTransfer transactions are executed.
The comments reflect a broader methodological point for how developers, analysts, and community members should evaluate protocol upgrades. Headline transaction counts can obscure the real-world impact of infrastructure-level changes, particularly those aimed at regulatory compliance or liquidity enablement rather than direct user activity.
Sources
Ripple Developer Clears Up Misconception About XRP Ledger Feature Usage – CryptoNews.net
Known Amendments – XRP Ledger Official Documentation
XRP Ledger Clawback Goes Live in Boost to Ripple DeFi – CoinDesk
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.
Jay Clayton, the former chairman of the U.S. Securities and Exchange Commission (SEC) whose tenure was defined in the crypto industry by the agency's lawsuit against Ripple Labs, has been confirmed as the ninth Director of National Intelligence (DNI).
The U.S. Senate approved Clayton's nomination in a 51-47 party-line vote on Tuesday, elevating the former Wall Street lawyer, SEC chairman and U.S. Attorney for the Southern District of New York to oversee the nation's intelligence community.
Narrow Senate voteClayton's confirmation reflected the deep partisan divide surrounding President Donald Trump's latest cabinet appointments.
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The Senate voted 51-47, with Republicans backing the nomination and Democrats voting against it. Two senators did not vote. The confirmation followed a procedural cloture vote a day earlier, when the Senate voted 51-43 to limit debate and move the nomination toward a final confirmation.
During his confirmation hearing before the Senate Intelligence Committee, Clayton faced repeated questioning over his lack of traditional intelligence experience and so on.
From Wall Street lawyer to America's top intelligence officialClayton's path to becoming Director of National Intelligence spans both the private and public sectors.
In 2017, Clayton was nominated to chair the SEC. The Senate confirmed him in a bipartisan 61-37 vote, and he served until the end of Trump's first administration in 2020.
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Following his SEC tenure, Clayton returned to private practice before being appointed U.S. Attorney for the Southern District of New York in 2025, where he oversaw prosecutions involving terrorism, organized crime, sanctions violations and financial fraud.
He was then nominated to lead the Office of the Director of National Intelligence in June 2026 following the resignation of Tulsi Gabbard. After receiving a narrow 9-8 approval from the Senate Intelligence Committee, his nomination advanced to the Senate floor, where Republicans ultimately secured confirmation.
On December 22, 2020 (his final full day as SEC chairman), the agency filed a lawsuit against Ripple Labs, CEO Brad Garlinghouse and Executive Chairman Chris Larsen, alleging they had conducted a $1.3 billion unregistered securities offering through sales of XRP.
The complaint became one of the defining legal battles in crypto history.
Clayton left the SEC immediately after the lawsuit was filed, but the enforcement action continued under his successor, Gary Gensler. Ripple ended up emerging victorious from the legal battle.
SBI Digital Practice Takes ShapeJapanese financial giant SBI Holdings has rebranded its subsidiary SBI Security Solutions as SBI Digital Practice, effective June 22, 2026, sharpening its focus on institutional blockchain infrastructure.
The renamed unit will concentrate on building financial infrastructure on the Canton Network, offering services that span implementation support, regulatory compliance, and cross-border transaction systems. SBI already holds a privileged position within that ecosystem, with SBI Digital Asset Holdings serving as a founding partner of the Canton Network and acting as a super validator and GSF member.
The Canton Network is gaining significant traction among institutional players. The network currently counts over 700 participating institutions, including Goldman Sachs, BNP Paribas, Broadridge, Franklin Templeton, and Euroclear, with assets managed on the blockchain exceeding $6 trillion. With DTCC adopting the Canton Network for the digital securitization of U.S. Treasuries, broader expansion is expected in the second half of 2026.
XRP Ledger Operations Continue in ParallelThe move into Canton does not signal a retreat from SBI's existing Ripple partnerships. The company has been clear that the two strategies are complementary, with the restructuring signalling that SBI's institutional blockchain strategy extends beyond the Ripple network to its own platforms.
SBI Ripple Asia, the joint venture SBI Holdings co-founded with Ripple in 2016 to expand RippleNet-based cross-border payments across Asia-Pacific, will continue its work on the $XRP Ledger. The venture launched a token issuance platform on the XRP Ledger in April 2026 to enable businesses to create compliant digital tokens.
Taken together, the restructuring reflects a strategy of building exposure across multiple institutional-grade blockchain networks rather than concentrating on a single protocol. SBI's deepening Canton involvement is expected to promote its expansion into real-world asset tokenization and digital asset trading infrastructure.
Sources:
CoinGape: SBI Expands On-Chain Finance Beyond XRPL via Canton Network
FX News Group: SBI Holdings Makes Additional Investment in Digital Asset
Canton Network: DTC and Fed-Eligible Securities on Canton
XRP trades near $1.06 in late July 2026, roughly 71 percent below the $3.65 cycle top set on July 17, 2025. This piece walks through the escrow-versus-ETF equation, the bull case ($4.50–$7.00 by 2030), the base case ($1.80–$3.20), and the bear case ($0.60–$1.40).
Read the full XRP price prediction analysis →
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Hong Kong’s OSL Hong Kong XRP retail trading chapter officially opened on July 29, 2026. OSL Digital Securities, a subsidiary of publicly listed OSL Group (HKEX: 863), confirmed the launch via X, making it the first Securities and Futures Commission (SFC)-licensed platform in the city to grant everyday investors direct spot access to XRP.
Hong Kong’s First Retail XRP On-Ramp Goes Live on a Licensed Venue OSL announced two retail-accessible pairs at launch: Flash Trade XRP/USD and OTC XRP/USD plus XRP/HKD, all settled on the XRP Ledger. XRP now sits alongside Bitcoin, Ethereum, and Solana as the only four tokens approved for retail trading on the platform.
Breaking News🚨 XRP trading is NOW live for RETAIL investors on OSL HK — the FIRST exchange in Hong Kong to offer retail XRP trading!
XRP by @XRPLF is a decentralized digital asset native to the XRP Ledger, built to enable lightning-fast cross-border payments and… pic.twitter.com/GtJdCk0h7C
— OSL HK (@OSL_HK) July 29, 2026
This expands access beyond the December 2025 professional-investor (PI) listing, when OSL HK restricted XRP to institutional and high-net-worth clients via Flash Trade pairs including XRP/HKD, XRP/USD, and XRP/USDT.
The HKD pair is particularly significant. It creates a fiat on-ramp in one of Asia’s deepest financial centers, giving Hong Kong residents a fully licensed path to buy XRP without relying on offshore platforms.
OSL holds Type 1 and Type 7 SFC licenses, plus AMLO registration, and carries $1 billion in client asset insurance, a combination few crypto venues globally can match.
CLARITY Act discussions in the U.S. continue to move slowly through Congress. As XRP and Bitcoin price analysis ahead of the CLARITY Act showed, clarity on U.S. market structure remains pending, yet Asia is building regulated infrastructure now.
Asia Builds Regulated XRP Rails as Institutional Signals Mount Hong Kong’s move reflects a broader regional pattern. While U.S. regulators continue drafting legislation, Asian venues have been quietly expanding compliant access to XRP.
OSL’s retail listing lands at a time when XRP spot ETFs extended an eight-week inflow streak, reaching $1.49 billion in cumulative inflows, a sign of sustained institutional appetite.
On the XRPL itself, tokenized real-world assets (RWAs) have grown from around $150 million a year ago to over $4 billion, as tracked by Evernorth.
RLUSD, Ripple’s stablecoin, also saw a 45% supply expansion in Q1 2026, per Messari data.
XRP utility rising as XRPL RWA market cap hits $2.25B, alongside strong ETF inflows, reflects a fundamentals picture that institutional capital is actively reacting to.
Ripple’s regulatory footprint also expanded in Europe recently.
As reported, Ripple’s XRP and XRPL are already viewed as CLARITY Act-compliant by several legal observers, strengthening the asset’s position across multiple jurisdictions simultaneously.
See our picks for newly launched cryptos worth watching this month.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Wednesday after a mild correction earlier this week. BTC slips below a key support zone, and ETH is testing a key resistance zone. Meanwhile, XRP is drifting toward the psychologically important $1.00 support level. The technical indicators of the top three cryptocurrencies suggest that sellers are gaining control, raising the risk of further downside.
Bitcoin price trades at $63,734 on Wednesday, maintaining a bearish near-term tone as it holds below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $64,938 and $73,658.
The Relative Strength Index (RSI) at about 47 stays slightly below the neutral midline. At the same time, the Moving Average Convergence Divergence (MACD) has slipped deeper into negative territory, suggesting that upside attempts remain vulnerable while the pair trades under these moving averages.
On the topside, immediate resistance emerges at the nearby horizontal barrier around $64,004, ahead of the 50-day EMA at roughly $64,938. Above this zone, the 100-day EMA near $67,606 and the 200-day EMA around $73,658 form successive caps before the higher horizontal resistance level at approximately $84,410, which marks a more distant ceiling if buyers regain stronger control.
On the downside, the lack of nearby supports leaves the current trading zone as an exposed foothold. If BTC continues its correction, it could extend toward the yearly low of $57,800, set on July 1.
Ethereum nears key resistance zoneEthereum price trades at $1,907 on Wednesday, holding a neutral to slightly constructive stance as it remains above the 50-day EMA at roughly $1,845 but still trades beneath the 100-day EMA near $1,935 and the 200-day EMA around $2,177. This configuration suggests a market attempting to base above short-term trend support while facing a capped medium-term structure, with the RSI hovering in neutral-positive territory near 56 and the Moving Average Convergence Divergence (MACD) slipping marginally below the signal line, hinting at waning upside momentum rather than a decisive bearish reversal.
On the topside, initial resistance emerges at the 100-day EMA around $1,935, ahead of the psychological and chart barrier at $2,000 and then the broader bearish pivot defined by the 200-day EMA near $2,177.
On the downside, immediate support is reinforced by the 50-day EMA at around $1,845. At the same time, a deeper pullback would expose the more distant horizontal floor near $1,385, keeping the near-term outlook range-bound unless price can either convincingly reclaim the 100-day EMA or slide back through the 50-day EMA.
XRP’s momentum indicators show bearish biasXRP price trades at $1.07 on Wednesday, maintaining a bearish near-term bias as it holds below the 50-day, 100-day, and 200-day EMAs, clustered between roughly $1.13 and $1.41. The RSI at about 43 stays in neutral-to-weak territory and the MACD indicator remains marginally negative, together suggesting that downside pressure persists while any recovery lacks strong momentum.
On the topside, initial resistance emerges at the 50-day EMA around $1.13, followed by the 100-day EMA near $1.22 and the horizontal barrier at $1.30, with a more distant cap at the 200-day EMA around $1.41 before the major resistance line at $1.90.
On the downside, the next key support is the horizontal level at $1.00, where buyers may attempt to stem further declines if the pair extends its slide.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Once again, XRP is getting close to one of its most crucial levels of psychological support. The asset broke out of a tightening symmetrical triangle and is currently trading close to $1.06, putting the $1.00 threshold firmly within reach after failing to maintain its most recent recovery attempt.
XRP is unable to withstand the pressureThe next significant move could see XRP testing a level it has been able to defend throughout the second half of 2026 unless buyers intervene swiftly. After a few days of compression between converging trendlines, the most recent breakdown occurred. XRP eventually lost support, confirming bearish momentum rather than a continuation of the recent bounce, even though such patterns can resolve in either direction.
Selling pressure increased noticeably in tandem with the breakout, giving the move more legitimacy. Over almost all time periods, the technical picture is still poor. The 20-day, 50-day, 100-day, and 200-day exponential moving averages are all still above where XRP is trading, indicating a clear bearish trend.
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XRP/USDT Chart by TradingViewMore significantly, buyers have been prevented from gaining sufficient momentum to reverse the market structure by the 20-day EMA acting as dynamic resistance once more. The first support is currently located around $1.00, a level that is both technically and psychologically significant. When stop-loss orders are activated and market sentiment worsens, losing it would probably hasten selling activity.
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If the $1 barrier fails, there isn't much structural support because the next significant support doesn't show up until about $0.95 below that. On the plus side, before any recovery could be deemed credible, XRP would need to reclaim the 20-day EMA around $1.10. Even so, the first significant barrier bulls would have to get past in order to reverse the medium-term trend is the 100-day EMA at $1.22, which remains a much stronger resistance level. Additionally, momentum indicators advise caution.
The RSI has dropped to about 39, which suggests that buying pressure is waning without yet reaching extremely oversold levels. In other words, there is still potential for the market to drop before technical exhaustion turns into a strong bullish argument.
The recent consolidation has seen comparatively low trading volume, indicating that neither buyers nor sellers made significant commitments prior to the most recent breakdown. Because of this lack of conviction, markets are frequently exposed to more aggressive moves once support levels collapse.
Ethereum's rise continuesDespite a slight decline, Ethereum has continued to rise; the second-largest cryptocurrency is currently trading slightly below $1,900 and is setting itself up for another attempt to reclaim $2,000.
ETH has established a series of higher lows after recovering rapidly from the capitulation lows in June, indicating that buyers are still in control even as the market pauses beneath a significant resistance zone.
The 100-day exponential moving average, which has once again capped the most recent rally at $1,930, is the most immediate obstacle. Ethereum made a brief intraday surge above the level but was unable to achieve a strong breakout, indicating that sellers are still actively defending the area.
ETH/USDT Chart by TradingViewNevertheless, the price has remained comfortably above the rising 20-day EMA at $1,845, indicating that the rejection has been rather shallow. That is a positive sign for bulls. Ethereum keeps consolidating just under resistance rather than giving back a sizable portion of the recent gain.
When buyers absorb selling pressure before attempting another breakout, this kind of price action frequently indicates accumulation. A clear close above the 100-day EMA would probably draw attention to the psychological $2,000 barrier.
The 200-day EMA around $2,175, which continues to characterize Ethereum's longer-term decline, is still the next significant technical barrier after that level. It would be the strongest bullish signal ETH has produced in months if both moving averages were reclaimed.
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Despite the recent slowdown, momentum indicators continue to be positive. The RSI is still well below overbought levels, but it is comfortably above neutral territory at 53. This implies that Ethereum still has potential to rise further without experiencing the momentum exhaustion that is usually brought on by intense rallies. Throughout the recovery, volume has also remained comparatively stable.
Although buying activity has decreased in comparison to the sharp recovery from June's lows, it still supports the string of higher lows that have emerged over the last few weeks. The 20-day EMA around $1,845 is the crucial support to watch. The current recovery structure is unaffected as long as Ethereum stays above that threshold. A break below it would probably push the asset closer to the 50-day EMA at about $1,757, where buyers would be put to the test in a more significant way.
Near Protocol's rally is overThe technical framework that helped Near Protocol (NEAR) recover over the last two months has officially been lost. The token broke below its main support cluster after consolidating above important moving averages for a few weeks, ending the previous uptrend and reversing momentum in favor of sellers.
NEAR moved decisively below the 20-day, 100-day, and 200-day exponential moving averages with the most recent decline, pushing it to about $1.63. Throughout July, a strong technical floor was created as those averages converged between $1.81 and $1.88. The asset cut through all three levels in a single move rather than rising again, indicating that buyers are no longer in control of the short-term trend.
NEAR/USDT Chart by TradingViewBecause NEAR had been forming a comparatively stable consolidation following its explosive rally in late May and early June, the breakdown is especially significant. The token briefly surged above $3 during that rally, but momentum gradually waned and each subsequent attempt at recovery resulted in lower highs. The most recent sell-off appears to complete that downward trend.
The 200-day EMA, which frequently divides long-term bullish and bearish conditions, has now failed to hold as support. Losing that level is rarely a good technical signal, especially when there is weakness across shorter-term moving averages as well. Any short-term bounce will probably be viewed by the market as another selling opportunity unless NEAR swiftly reclaims the region above $1.82.
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Additionally, momentum indicators suggest growing weakness. The RSI has dropped to about 33, which is close to oversold territory but still above the extreme levels that usually lead to more robust relief rallies. In other words, while selling pressure has increased, the chart does not yet show that bears have exhausted themselves.
The fact that volume has not skyrocketed during the breakdown indicates that a lack of buying interest rather than outright panic has been the primary driver of the decline. Demand gradually declines rather than collapsing in a single capitulation event, which is often indicative of trend deterioration.
The $1.50-$1.55 range, which served as resistance prior to the May breakout, is the next support worth watching. NEAR may return to the $1.30 area, thereby erasing a large portion of the summer recovery, if buyers are unable to defend that range. On the plus side, reclaiming the moving-average cluster around $1.82–$1.88 is now crucial.
Consistently moving back above those levels would be the only way to refute the current breakdown and rebuild confidence that the broader recovery is still intact. However, the technical data currently favors the bears.
XRP (CRYPTO: XRP) is sliding toward $1 on Tuesday as a two-week chart pattern confirmed its downside target and the Senate shelved the Clarity Act, removing the last near-term catalyst for a recovery.
Is XRP At Its Most Oversold Level Ever?Crypto analyst Ash Crypto noted on X that XRP’s monthly RSI is now more oversold than during the 2020 COVID crash, sitting 72% below its all-time high and trading near the two-year low it hit last month.
He flagged the reading as historically extreme, asking whether the bottom is in.
XRP Derivatives Data Shows Long Traders Under PressureVolume jumped 71% to $2.54 billion Tuesday, confirming sellers were serious rather than just noise.
Open interest barely moved at $2.45 billion, meaning traders are sitting in positions and absorbing pain rather than closing out — a setup that typically precedes more price movement before resolution arrives.
What The Chart Is SayingXRP spent two weeks building a topping pattern with three progressively weaker rallies — peaking at $1.12, pushing to $1.18, then failing again at $1.12.
The $1.09 level held as support through each of those attempts before finally breaking with a sharp move lower Monday.
The measured move from that breakdown targets $1 to $1.02, the demand zone where buyers previously stepped in.
Until XRP reclaims $1.09 on a 4-hour close, the target stays at $1.
Key levels for XRP: $1.09 — broken neckline, now hard resistance $1.05 to $1.06 — current support band $1 to $1.02 — major demand zone and measured move target Why The Clarity Act Matters For XRPSenate Majority Leader John Thune (R-SD) pushed the CLARITY Act aside Monday, CoinDesk reported.
The Senate turned its attention to federal nominations and a Russia sanctions bill dedicated to the late Senator Lindsey Graham (R-SC).
The bill now has no realistic shot at a floor vote before next week, the final window before the August 8 recess.
Regulatory clarity has been one of XRP’s strongest narrative tailwinds all year.
Every week the bill stays unresolved is another week that institutional confidence in XRP’s legal standing stays in limbo, and with the recess approaching, that uncertainty is not going away quickly.
Photo via Shutterstock
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A prominent cryptocurrency analyst has reignited debate over the potential for XRP to see greater adoption, drawing attention to Mastercard’s collaboration with Ripple and emphasizing the payments giant’s increasing focus on tokenization and central bank digital currency (CBDC) initiatives.
Ripple’s involvement in Mastercard’s CBDC and tokenization effortsCrypto Sensei, a well-followed digital asset researcher and YouTube host, recently spotlighted Mastercard’s CBDC Partner Program, which included Ripple as one of its inaugural members. Other participants in the program featured notable blockchain companies such as Consensys, Fireblocks and Fluency.
During a 2021 executive discussion, Mastercard specifically cited Ripple as a key partner contributing to its digital asset strategies. According to the analyst, this acknowledgement signals that Mastercard’s collaboration with Ripple extends back several years, rather than being a newly formed alliance.
Remittances serve as a central focus in the ongoing discussion. Mastercard has reportedly highlighted Ripple’s XRP-powered remittance capabilities in Latin America. Crypto Sensei noted that leveraging blockchain infrastructure can potentially lower the cost and time of cross-border payments, especially in corridors such as between the United States and Brazil.
Mastercard’s global reach brings further weight to this scenario, with the company operating approximately 1.03 billion credit cards and 1.55 billion debit cards worldwide. Its estimated $235 trillion in annual payment flows suggest that even limited blockchain-based settlement adoption could have a meaningful impact on the broader digital asset ecosystem.
Speculation over XRP Ledger integrationDespite tangible evidence of partnership, much of Crypto Sensei’s commentary ventures into speculation. The analyst proposed that Mastercard may eventually utilize the XRP Ledger to support tokenized deposits, streamline cross-border transactions, or even introduce its own stablecoin. He clarified, however, that there is currently no direct evidence supporting the launch of a Mastercard-backed stablecoin using XRP infrastructure.
The researcher also drew connections between Mastercard’s tokenization pilots in jurisdictions including Hong Kong, Brazil, the United States, Australia and the United Kingdom and Ripple’s separate projects active in those regions. While overlapping interests may be significant for observers monitoring large-scale institutional blockchain experimentation, there is still no definitive proof of Mastercard moving forward with XRP-based settlement for payments.
The analyst also referenced a comment attributed to Mastercard CEO Michael Miebach, who suggested that SWIFT may not be operational within five years. Irrespective of how quickly existing payment networks are disrupted, Mastercard’s ongoing initiatives focused on tokenization and CBDCs reflect a broader industry shift toward more flexible, programmable settlement infrastructure.
Shifting digital finance landscape and broader innovationAs discussions around digital asset adoption continue, platforms enabling more seamless access to both traditional and blockchain-based assets are in focus. Among these, 1stepSwap has emerged as a notable example; the platform allows users to transfer real-world assets (RWAs) such as shares of major U.S. companies and commodities like gold and silver directly onto the blockchain. With seamless wallet integration, 1stepSwap removes intermediaries and complex procedures, providing users with fast trade execution and the best available market prices for top global stocks—enabling greater portfolio diversification within a single platform.
Whether through programmatic innovations or new infrastructure pilots, the dialogue between traditional payment companies and blockchain technology continues to reshape expectations for the global financial landscape.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP [XRP] traded near $1.06 on July 28 after declining over the past 24 hours, bringing the token back toward the key $1 psychological support level.
Although US spot XRP ETFs continue to attract net inflows, demand has slowed considerably in recent sessions, while the daily chart suggests sellers remain in control.
XRP ETF inflows slow as assets approach $1B US spot XRP ETFs recorded a $592,470 net inflow on July 27, lifting cumulative inflows to approximately $1.50 billion, according to SoSoValue.
Total net assets stood at $1 billion, while daily trading value reached $12.63 million.
Demand has moderated after stronger inflows earlier in July. The funds attracted $2.49 million on July 20 and $5.66 million on July 21, before recording three consecutive flat sessions from July 22 to 24.
The latest inflows show investors have not yet started withdrawing capital from XRP ETFs. However, the daily purchase represented less than 0.1% of the funds’ total net assets, highlighting that fresh demand has slowed.
XRP’s declining price has also reduced the value of ETF holdings. Total net assets fell from $1.06 billion on July 21 to $997.25 million on July 24 despite the funds recording no net outflows during that period.
The decline reflects the lower market value of the XRP held by the ETFs, suggesting recent inflows have not been large enough to offset the broader weakness in the token’s price.
Technical indicators show sellers remain in control XRP traded at $1.0637 when the daily chart was captured after falling to an intraday low of $1.0440.
The token remained below its 20-day EMA [$1.0991] and 50-day EMA [$1.1332], while the 100-day EMA [$1.2188] and 200-day EMA [$1.4172] sat even higher.
With all four moving averages stacked in bearish order, the broader trend continues to favour sellers following XRP’s decline from nearly $1.50 in May.
Source: TradingView The Relative Strength Index [RSI] dropped to 41.06, showing bearish momentum remains intact. However, the indicator has yet to enter oversold territory.
Recent selling volume also remained below the spikes recorded during June’s decline, suggesting the market remains under pressure without the same level of panic selling seen earlier in the summer.
Can XRP hold the $1 support? Immediate support sits near the session low at $1.04. Below that, the $1.00–$1.02 zone remains the key area to watch.
Buyers successfully defended that region during the late-June decline. A daily close below it would strengthen the current bearish structure and leave XRP trading beneath its recent range.
For bulls, the first hurdle remains the 20-day EMA near $1.10, which has repeatedly capped rallies throughout July.
A move above $1.13 would reclaim the 50-day EMA and strengthen the case for a broader recovery. The next major resistance sits near the 100-day EMA at $1.22.
ETF inflows continue to provide a constructive long-term signal. Still, recent daily purchases have been too small to change the short-term trend. Unless broader crypto market sentiment improves, XRP may struggle to defend the $1 support on ETF demand alone.
Final Summary XRP ETFs recorded a $592,470 net inflow on July 27, lifting cumulative inflows to around $1.50 billion, although recent demand has slowed. XRP must defend the $1.00–$1.02 support zone and reclaim $1.10 before its short-term outlook begins to improve.
SBI Holdings has restructured a wholly owned subsidiary around the Canton Network, extending its institutional blockchain strategy beyond Ripple and the XRP Ledger.
Summary
SBI Digital Practice will build financial infrastructure and applications on the Canton Network. SBI said Canton connects more than 600 institutions and supports over $6 trillion in assets. The restructuring adds Canton to SBI’s work across XRP Ledger, Solana, stablecoins, and tokenized securities. Canton’s link to tokenized U.S. Treasuries gives the Japanese expansion a direct U.S. market connection. SBI creates dedicated Canton Network business SBI Holdings announced on July 28 that SBI Security Solutions had changed its name to SBI Digital Practice Co. Ltd., effective June 22.
The wholly owned subsidiary will now operate as SBI’s dedicated on-chain finance business specializing in the Canton Network. SBI has also renewed the company’s management structure to support the change.
Excerpt from SBI Holdings’ Canton Network restructuring notice | Source: SBI Holdings SBI Digital Practice will plan, develop, and operate financial infrastructure and applications for institutions using Canton. Its services will cover implementation support, regulatory compliance, and transaction systems spanning different countries and currencies.
The subsidiary is based in Roppongi, Tokyo, and is led by representative director Ryo Shimotsu. SBI retains full ownership of the business.
SBI said it expects more financial products and transactions to move onto blockchain networks. The company wants the new unit to help banks and other financial institutions adopt the technology while meeting rules in their respective markets.
SBI has participated in Canton as a Super Validator, a network role involved in transaction approval and management, according to the company’s July 28 announcement.
SBI’s expansion does not signal a Ripple exit The restructuring broadens SBI’s blockchain operations but does not indicate that the group is abandoning Ripple or the XRP Ledger.
SBI and Ripple established SBI Ripple Asia in 2016 to promote Ripple-based payment infrastructure across the Asia-Pacific region. Their joint venture has remained one of Ripple’s main institutional relationships in the region.
SBI Ripple Asia has continued developing XRP Ledger services, including a token issuance platform designed to help businesses create digital assets under Japanese regulatory requirements.
Canton serves a different part of SBI’s strategy. While Ripple’s infrastructure has mainly supported payments, stablecoins, and token issuance, the new subsidiary will focus on institutional financial infrastructure, cross-border securities, and systems that require transaction privacy.
The move therefore points to a multichain model in which SBI selects different networks for different financial products rather than depending on a single blockchain ecosystem.
Solana and Ondo deals widen SBI’s multichain strategy Canton is the latest addition to a broader series of tokenization projects announced by SBI.
Earlier in July, SBI Global Asset Management partnered with regulated real-world asset exchange DigiFT to launch the SBI Japan High Dividend Equity Strategy Token, or JX token, on Solana. The product gives eligible institutional and accredited investors on-chain access to a Japanese equity strategy managed by SBI Asset Management.
DigiFT described JX as the first listed-equity strategy from a Japanese asset manager to be brought on-chain through its regulated infrastructure. The token does not distribute dividends directly, with returns instead reflected through the underlying growth strategy.
SBI also reached an agreement with Ondo Finance to tokenize Japanese equities and use its yen-backed JPYSC stablecoin for settlement and collateral. Ondo Global Markets (BVI) Limited will issue the products, while SBI plans to distribute them through its financial platforms.
The related tokens have not been registered under the U.S. Securities Act and cannot be offered to U.S. persons unless registered or covered by an exemption, according to the partnership announcement.
SBI separately acquired a majority stake in Singapore exchange Coinhako on July 16 after receiving approval from the Monetary Authority of Singapore. The deal gives SBI another regulated distribution channel for digital assets in Asia.
Canton connects SBI to U.S. Treasury tokenization SBI said Canton has more than 600 participating institutions, including Goldman Sachs, BNP Paribas, Franklin Templeton, Broadridge, and Euroclear. It placed the value of assets represented on the network above $6 trillion.
The U.S. connection comes through the Depository Trust & Clearing Corporation. DTCC and Digital Asset announced plans in December 2025 to tokenize a subset of U.S. Treasury securities held at the Depository Trust Company on Canton.
The partners targeted a controlled production launch during the first half of 2026, followed by a broader rollout based on market demand. A July transaction conducted through Tradeweb later paired an on-chain U.S. Treasury with USDCx and settled the assets through Canton.
SBI has not disclosed specific customers, launch dates, or revenue targets for its new subsidiary. Its latest restructuring nevertheless places Canton alongside Ripple, Solana, Ondo, JPYSC, and Coinhako within a wider institutional digital asset strategy.
XRP falls as ChangXin Memory Technologies (CXMT) turns out to be China's biggest IPO.
When China's state-backed chip manufacturer, ChangXin Memory Technologies (CXMT), became the country's highest valued public firm following its initial public offering (IPO) on July 27, it sent shockwaves through Asian equity markets and pushed XRP down to the $1.05 price range.
Bitrue Research Institute, the on-chain analysis and market intelligence platform, analyzed that XRP's pullback, however, mirrors a broader leverage flush driven by macro risk-off, not a fundamental breakdown.
The CXMT stock surged 466% on its public debut on the Shanghai stock market and briefly valued the company at nearly $550 billion.
As China begins the mass production of locally developed immersion deep-ultraviolet (DUV) lithography machines to narrow the gap with Western semiconductor giants, the report sparked a sharp reassessment of AI-related equities across rival markets in Asia.
South Korea's KOSPI fell 10.84% in its worst single-day performance in years, with Samsung Electronics dropping 13.39% and SK Hynix falling 14.65%.
Japan's Nikkei 225 fell 3.95%, dragged lower by AI-linked declines. The Philadelphia Semiconductor Index in the U.S. also fell 2.23% overnight, with Nvidia down around 5%.
Even the crypto market could not escape the blow. XRP, previously trading within the $1.09-$1.11 range, sharply fell to the $1.05–$1.06 range as the risk-off wave moved through asset classes.
Binance's XRP/USDT liquidation heatmap
Binance's liquidation heatmap shows XRP long positions piled within the $1.08-$1.11 range, which acted as a magnet for the selloff. But as its price fell below the range, declining long liquidations further quickened the decline. As a result, XRP fell to $1.05.
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"The data points to a leverage flush rather than a fundamental unwind," Bitrue Research Institute noted in its analysis. "Long-term holders remain relatively resilient. What we saw on July 28 was short-term traders caught offside by macro news, not a structural shift in conviction among XRP's core holder base."
Trending on TheStreet Roundtable:Illinois crypto tax proposal hit by lawsuitMajor wealth manager discloses Bitcoin, XRP holdingsShiba Inu rally sparks warning as wealthy traders book profitsHow Fed's rate decision weighs in on XRPThe Bitrue Research Institute also weighed in on how the Federal Reserve's much-anticipated July 29 decision on interest rates affects XRP's price movement.
In a base case, XRP could slip into the $1.03-$1.05 support zone following the Federal Open Market Committee (FOMC) announcement. However, it can rebound to the $1.08-$1.11 range.
In a bull case, dovish Fed language on interest rate trajectory could push XRP toward the $1.08-$1.11 range and even potentially surge above $1.15.
In a bear case, the Fed's hawkish message or deteriorating AI CapEx sentiment could see XRP test a lower support level below $1.03.
As per the Bitrue Research Institute, the AI CapEx skepticism following China's CXMT IPO simultaneously represents a headwind and a long-term irrelevance.
In the longer term, XRP's utility case, cross-border payments, institutional settlement, and regulatory clarity, has no direct connection to semiconductor competition or AI infrastructure spending, the on-chain analysis platform highlighted.
XRP/USD, Source: Decibel
XRP was trading at $1.06 at the time of writing, as per Decibel.
XRP is holding at a pivotal technical level following a recent upward move that aligned with forecasts from market analyst CasiTrades. The analyst now sees the price structure supporting another decline, potentially toward broader support zones, before the trend undergoes a significant reversal.
XRP reacts to resistance at $1.09CasiTrades explained that XRP has been tracking what she described as the “purple scenario” on her technical charts. During a recent livestream, she stressed the significance of the $1.09 price area, highlighting that it had served as a focal point in her analysis for several months. She expected a brief rally around this level before sellers would return to push prices lower.
According to CasiTrades, “I explained that it would likely provide a small reaction for subwave 2, and that’s exactly what happened.” Her latest chart indicates that XRP bounced temporarily from support near $1.09 before quickly losing momentum.
The analyst’s second chart continues to show XRP following the projected purple Elliott Wave path. Technical indicators, such as the Relative Strength Index, dropped steeply toward oversold territory, signaling an uptick in selling activity.
XRP continues to follow the purple scenario outlined by CasiTrades, with a temporary rally at $1.09 giving way to renewed downside pressure as predicted. The chart shows a clear reaction at this resistance, mirroring previous forecasts.
Elliott Wave analysis is a method that examines market cycles and investor psychology to forecast price trends by identifying recurring wave patterns.
Mini dictionary: Elliott Wave – A technical analysis theory that uses wave patterns to try to predict market direction and investor sentiment.
Macro support zone under scrutinyAfter the retreat from $1.09, XRP moved back to its broader macro support zone, which has served as the main floor in recent trading. CasiTrades views this area as crucial to determining whether the evolving Elliott Wave structure continues as anticipated.
She described the current juncture as a “critical time in the market.” The analysis suggests that a breakdown through this zone could open the way for a further decrease toward $0.87. Several Fibonacci retracement levels, including $1.05, $1.02, $0.99, and $0.94, may act as interim support during the move.
Key LevelType$1.09Resistance / Initial reaction$1.05Support (Fibonacci)$1.02Support (Fibonacci)$0.99Support (Fibonacci)$0.94Support (Fibonacci)$0.87-$0.86Major support zoneAnalyst projects possible move below $1 markCasiTrades anticipates that XRP could break below the psychologically important $1 mark in its next significant move. She pointed to the possibility of XRP returning to the 0.786 Fibonacci retracement level on Binance’s trading chart as part of a new subwave lower.
The projection includes a brief recovery phase after the initial drop, which could then be followed by another downward leg that would complete the wave structure. This targets the $0.87 zone for the end of the broader correction, an area previously highlighted as a final support before any major rally attempts.
Outlook remains aligned with initial scenarioThroughout this analysis, CasiTrades maintains that the purple wave count framework has remained intact. The focus stays on the macro support around $1.09, and upcoming sessions may see XRP pressing through several key Fibonacci levels on the way to major support near $0.87.
CasiTrades is a cryptocurrency analyst known for her technical analysis, particularly involving Elliott Wave theory and Fibonacci levels in forecasting XRP price movements.
As the technical setup unfolds, market attention is likely to remain fixed on whether XRP can defend its current support levels or if further decline will prompt a shift in the broader trend.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In brief XRP is trading at $1.06, off nearly 8% over the past week. The movement happens as the U.S. Senate shelved the Clarity Act before its August recess and global markets braced for the Fed's July 29 rate decision. XRP's technicals are almost uniformly bearish: a confirmed death cross, RSI at 40.9, negative Squeeze momentum, and a composite score of -63%—the only technical lifeline is that it is deeply oversold. The global macro backdrop is as unfavorable as it's been all year for crypto markets.
New Federal Reserve Chair Kevin Warsh, in only his second FOMC meeting, is widely expected to hold rates at 3.50%–3.75%, but CME FedWatch put hike odds near 38% as recently as last weekend—the highest of this cycle. Even a hawkish hold can rattle risk assets. Bitcoin is parked near $63,400–$64,000, well below its June highs around $80,000, and altcoins are taking the brunt.
XRP, the cryptocurrency developed by the founders of payments company Ripple, had a moment of optimism this month that now feels like a distant memory. As Decrypt reported on July 21, the coin cautiously jumped 3.25% to $1.1485 when reports broke that President Donald Trump had agreed to the Clarity Act's long-stalled ethics provision, briefly nudging Senate passage odds on Polymarket to 43%. That lasted about a week.
On Monday, the Senate formally shelved the Clarity Act to prioritize a Russia sanctions bill and federal nominations. The chamber's August recess begins around August 7—which means there is a thin frame for the bill to be approved this year. Miss that window, and the next opportunity might not come until 2027.
For XRP, the stakes are concrete: The Clarity Act would codify its commodity classification into law, the legal bedrock that institutional custodians, banks, and ETF issuers need to feel comfortable building products around it. Standard Chartered's conditional $8 XRP target—contingent on full Senate passage plus $4 billion to $8 billion in new ETF inflows—stays theoretical without it.
So things are not looking great for Clarity, or XRP.
XRP price: What the charts sayXRP is trading at $1.0641 and a roughly $65 billion market cap on Binance, with a 24-hour low of $1.0450 and a high of $1.0679. The token peaked near $3.40 in mid-2025 and has been in a sustained descending channel ever since, logging lower highs and lower lows for months.
XRP price data. Image: TradingviewThe Average Directional Index, or ADX, sits at 11.2—one of the weakest readings XRP has posted all summer. The ADX measures trend strength on a 0–100 scale, regardless of whether that trend is up or down. Think of it as measuring how much conviction the market has: anything below 25 signals no confirmed trend is in place, and sub-20 readings are associated with choppy, directionless markets where false breakouts and stop hunts are common.
As Decrypt flagged on July 16, when the reading was 13.3, XRP has been stuck in exactly this trendless limbo for most of July. One mildly constructive signal: the directional indicator is starting to rotate from DI- (bearish dominance) toward DI+ (bullish pressure building). So there’s hopium somewhere in there.
The Exponential Moving Averages, or EMAs—which smooth out price action over time to reveal trend direction—confirm the big picture: the 50-day EMA is trading below the 200-day EMA in the formation traders call a death cross. When the shorter average sits below the longer one, it means the medium-term trajectory is still pointed downward, regardless of short-term bounces. This alignment has been in place since XRP's slide from the $3.65 all-time high, and there is no sign yet of the two averages starting to converge.
The Relative Strength Index, or RSI, reads 40.9. RSI is a momentum gauge on a 0–100 scale: above 70 is overbought, below 30 is oversold. At 40.9, XRP is in bearish territory—below the neutral 50 line—but not yet at the extreme levels that typically attract aggressive buyers looking for a floor.
On the Fibonacci side (natural supports and resistances that appear during a trend) the current bearish leg runs from $1.1646 down to $1.0450. Below that price, the next Fib support is $1.0125, followed by $0.9711.
What happens nextTwo events will define XRP's next directional move. If Fed Chair Warsh holds and signals a dovish tone—or hints at September cuts—crypto gets a relief pop, and XRP could test the Fibonacci golden zone between $1.10 and $1.12. If the statement reads hawkish or a dissenting vote appears, the sell-off has room to extend toward $1.01 and, below that, the $0.97 zone.
The Clarity Act is the bigger, longer-term variable. The Senate's August recess starts August 7. If a floor vote doesn't materialize before then, XRP's primary institutional catalyst evaporates until at least late 2026—and possibly well beyond, given the midterm election calendar that follows.
The technical setup argues for patience rather than urgency. A market this trendless—ADX at 11.2, Squeeze loaded with negative momentum, death cross intact—can compress for longer than most traders expect before resolving. The oversold indicators could produce a short-term bounce toward but without a macro catalyst or a legislative surprise, that bounce is more likely a selling opportunity than the start of a new trend.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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XRP’s price has experienced a decline following the U.S. Senate’s decision to drop the anticipated Clarity Act, a move adding to regulatory uncertainty for the cryptocurrency. This development comes amid growing concerns over an upcoming Federal Reserve policy decision, which has historically influenced crypto prices. XRP, the native token of the XRP Ledger, is sensitive to U.S. regulatory changes and macroeconomic factors, with the recent slide reflecting these intertwined pressures.
The Clarity Act, a crypto market-structure bill, was placed on the Senate Legislative Calendar after passing the Senate Banking Committee. However, its removal from consideration has introduced uncertainty into the market. Meanwhile, the Federal Reserve’s impending decision has market participants on edge, as recent hawkish policies have been linked to declines across major digital assets, including XRP. These factors appear to be influencing current market pricing, which reflects increased caution.
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Market activity indicates a low probability for XRP reaching higher price targets in the near term. For instance, the likelihood of XRP reaching $3.00 by August 1, 2026, remains extremely low. The market’s current pricing suggests that participants see significant hurdles to any short-term price surge, with regulatory and economic uncertainties weighing heavily on sentiment.
Key Takeaways Market behavior suggests increased caution regarding XRP due to the Senate’s decision to drop the Clarity Act. Pricing indicates that participants are factoring in potential negative impacts from the upcoming Federal Reserve decision. The likelihood of XRP reaching $3.00 in July appears minimal, with market odds showing less than 1% chance of achieving this target. What to Watch Observers should monitor U.S. regulatory developments, particularly any new legislative efforts following the Clarity Act’s removal. Additionally, the Federal Reserve’s policy announcement could further impact XRP and other digital assets. Market participants are likely to adjust their expectations based on these developments, which could shift the current pricing dynamics. Watch for any signs of broader crypto market responses that might alter XRP’s trajectory in the coming days.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 0.1% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.6% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 4.2% — — View market → August 1 2026 30% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.4% — — View market →
The CLARITY Act, a proposed bill aiming to define the regulatory landscape for digital assets in the United States, has gained prominent support from major financial institutions. Goldman Sachs CEO David Solomon and multinational investment giant Fidelity have both called on the Senate to approve the legislation, highlighting its significance for the industry’s future.
Senate vote and party dynamicsCurrently, the CLARITY Act has secured 51 confirmed votes in the Senate, but needs an additional 9 Democratic Senators to cross the 60-vote threshold required for passage. Patrick Witt, one of the bill’s leading advocates, acknowledged Senate Majority Leader John Thune’s expectation that the bill would not reach the floor before August but remained hopeful that momentum could build sooner.
Witt argued that it is unusual to expect 10 Democrats to commit ahead of a key vote, pointing out that such negotiation tactics have characterized Democratic approaches throughout the legislative process.
Supporters of the CLARITY Act believe that some Democratic senators who now express reservations previously voiced similar concerns about the Genius Act, but ultimately voted in favor after rounds of negotiation and concessions.
Senator Gallego, for example, has recently voiced opposition to the bill, yet during debate on the Genius Act, he also sought additional time before eventually backing the final version. This pattern suggests the possibility of last-minute changes in position when legislative stakes are high.
Senate Majority Leader John Thune has committed to bringing the bill to a vote on the Senate floor. Anthony Scaramucci, founder of the investment firm SkyBridge Capital, remarked that if the CLARITY Act is brought to the floor, its passage appears likely, noting the political implications for younger Democratic senators wary of opposing the cryptocurrency sector ahead of the next election cycle. Former Congressman Patrick McHenry added that “it’s sort of when, not if.”
Market impact and XRP price movementCryptocurrency analyst Lark Davis commented on the muted response from XRP’s price despite the legislative attention. Davis explained that early holders of XRP, some of whom have waited several years, are selling into institutional demand created by ETF inflows. This dynamic means that while new capital is entering the market, it is offset by longtime holders exiting, keeping the price relatively stable despite increased volumes.
Davis stated that this kind of capital rotation “creates a structural floor below the market,” and historically, such distribution patterns have often preceded substantial price upswings.
BankXRP, a digital asset analytics service, reported a sharp decrease in XRP exchange activity, with Binance deposits and withdrawals dropping from $650,000 in June to $350,000 currently. This kind of cooling in exchange flows was last seen just prior to the notable rally in October 2025.
Mike Novogratz, CEO of digital asset firm Galaxy Digital, emphasized the industry’s cyclical nature and noted that crypto markets have historically experienced renewed momentum every four years in October.
XRP has achieved the 4th position globally in tokenized real-world assets, now holding $4.1 billion in tokenized assets on the XRP Ledger. By comparison, Ethereum holds 10th place in this category.
AssetTokenized Assets on LedgerGlobal RankXRP$4.1 billion4thEthereumNot specified10thDigital Asset Investor, a well-known crypto commentator, highlighted that this combination of decreasing exchange supply, progress on key legislation, and improving real-world asset tokenization infrastructure could underpin future breakout moves in XRP’s price.
Mini dictionary: CLARITY Act – Proposed U.S. legislation designed to set clear regulations and definitions for digital assets, aiming to bring legal certainty for companies operating in the crypto sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The U.S. Senate has pushed back the long-anticipated vote on the CLARITY Act, a bill aiming to set clear rules for crypto market structure, as congressional leaders focus on nominations and legislation related to Russia sanctions. According to current projections, a floor vote on the bill is not expected before the August recess, extending uncertainty for the digital asset industry.
XRP Supporters Highlight Past Court VictoryThe latest delay has reignited debate around XRP, a digital token developed by Ripple Labs and well-known for its lengthy legal battles with U.S. regulators. Within the XRP community, some participants argue the setback holds little consequence for the token, citing its prior legal win over the Securities and Exchange Commission (SEC). They point out that XRP has already secured a district court ruling clarifying its legal status, which they see as offering unique protection while the broader market awaits legislative clarity.
The argument is that, unlike most cryptocurrencies still facing regulatory ambiguities, XRP can already claim a meaningful judicial precedent: a federal court judgment that parts of its distribution do not constitute securities offerings.
Even if Congress keeps delaying comprehensive regulation, supporters believe XRP’s court win provides institutions with a concrete legal position to rely on.
Limits of a District Court RulingNonetheless, skepticism persists among legal experts and industry observers. Critics note that a district court decision does not establish binding precedent for other courts or guarantee protection against future enforcement actions. Unlike congressional legislation, such rulings may not offer lasting certainty, especially under changing regulatory leadership at the SEC or other agencies.
Some in the industry emphasize that statutory regulation remains the only way to shield digital assets from inconsistent enforcement or evolving interpretations by regulators.
Concerns over CLARITY Act’s ApproachCardano founder Charles Hoskinson has raised broader concerns about the structure of the CLARITY Act. He contends that the proposed legislation risks classifying most new digital assets as securities by default, compelling projects to petition the SEC and demonstrate that they operate mature, decentralized blockchain systems before qualifying for treatment as commodities.
Hoskinson also warns of practical risks, arguing that the path from “security” to “commodity” status could be hampered by regulatory gatekeeping. Project teams might face delays, overly broad definitions about who controls a network, or stricter tests for how tokens are distributed and valued.
Additionally, some interpretations of the bill suggest that large concentrations of token holdings—especially those maintained in issuer-controlled wallets—could trigger enhanced scrutiny or additional regulatory obstacles.
Mini dictionary: CLARITY Act, a legislative proposal in the U.S. aiming to provide clear legal definitions for digital assets and delineate the roles of the SEC and CFTC in regulating the crypto sector.
Legislative Outlook and Market ImpactThe bill has gathered support from approximately 51 senators, just shy of the 60 votes needed to clear procedural hurdles and move forward. Additional backing mainly hinges on Democratic senators, though related ethical negotiations have contributed to the ongoing stalemate.
The continued delay reflects the complexities of achieving regulatory clarity in the fast-evolving crypto sector. Legal experts suggest that while court rulings can provide a temporary advantage—as with XRP—such gains may be transitory without comprehensive legislation to support them.
In the absence of updated laws, even favorable judicial outcomes may offer only limited protection when future administrations take a different regulatory approach.
With the legislative process now on hold until at least September, market participants are left weighing whether current court victories for digital assets like XRP will remain meaningful as the regulatory environment shifts.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP has reached a critical phase, with market indicators pointing to a potential surge in volatility after a lengthy period of muted activity. Market analysts are closely watching as technical signals align, setting the stage for what may be one of the asset’s most notable moves in recent months.
Technical compression and two-sided liquidationsAnalyst Xaif Crypto noted that XRP is experiencing increasingly tight price action, a classic precursor to significant breakouts. CoinCodex data shows XRP’s current price at $1.05, consolidated within a narrowing range as buyers and sellers appear evenly balanced.
During this consolidation, there has been a pronounced uptick in both long and short liquidations. This ongoing reset has kept market participants from gaining the upper hand, further intensifying the compression of XRP’s trading range.
XRP’s 14-day trading range has now reached some of its lowest levels in recent memory. Analysts often point out that such sustained periods of low volatility have historically set the stage for rapid, directional price movements once momentum builds.
Perpetual futures funding rates have also balanced out, reflecting a lack of strong sentiment in either direction. Traders seem reluctant to commit, likely awaiting a clear catalyst before taking substantial positions.
The extended phase of low volatility, increasing two-way liquidations, and normalized funding rates suggest XRP’s market participants are preparing for a decisive move after weeks of inactivity.
Liquidity and momentum factors could drive volatilityA notable change has emerged in Binance’s spot order books, where liquidity for XRP has thinned significantly since mid-June. According to research from CryptoQuant, these liquidity levels have dropped to lows that typically precede episodes of major price swings in the asset.
As leverage gradually returns to the market and traders cautiously increase their exposure, the combination of reduced liquidity and growing leverage could amplify future price action. A single uptick in buying or selling could now move the price more dramatically than usual.
Further supporting expectations for an approaching breakout, momentum indicators for XRP have improved. Oversold signals—described by some analysts as the strongest in XRP’s history—are appearing, with funding rates turning positive and the 30-day Z-Score rising above zero. These shifts point to renewed interest on the buy side, but without speculative excess.
Technical observers maintain that closely monitoring upcoming resistance levels is essential. In dynamic market conditions like these, seamless access to real-world assets and effective price discovery add new dimensions for traders. 1stepSwap is one such solution, offering the ability to diversify portfolios by acquiring major US stocks and commodities—including gold and silver—directly on-chain through a digital wallet. Its integrated price-matching feature empowers users to obtain the most competitive rates, potentially improving outcomes in fast-moving or illiquid trading environments.
With volatility compressed and liquidity waning, a breakout above $1.30 could be the catalyst bullish traders await, analysts believe.
Many now track whether XRP can break past the important $1.30 resistance, which could confirm the start of a much-anticipated price rally. However, the market remains in wait-and-see mode until a clear directional move emerges.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Clear Creek Financial Management disclosed about $15.1 million across Bitcoin, Ethereum, XRP, and Solana exchange-traded funds in its latest US regulatory filing.
Summary
Bitcoin ETFs accounted for about $10.4 million, led by Bitwise’s BITB fund. Clear Creek reported nearly $4.3 million across three Ethereum ETFs. XRP and Solana products expanded the firm’s disclosed crypto allocation beyond BTC and ETH. The filing provides a quarter-end snapshot, meaning Clear Creek may have changed its positions since then. Clear Creek’s Bitcoin ETF holdings top $10 million Clear Creek’s largest disclosed crypto position was the Bitwise Bitcoin ETF (BITB). The investment adviser reported owning 304,155 shares valued at about $9.69 million at the end of the reporting period.
The firm also held approximately $477,412 in BlackRock’s iShares Bitcoin Trust ETF and $248,539 in the Grayscale Bitcoin Trust ETF. Together, its three Bitcoin ETF positions were worth roughly $10.4 million.
BITB accounted for close to 93% of the firm’s disclosed Bitcoin ETF allocation. Clear Creek manages more than $1.5 billion in assets, placing the crypto positions at a relatively small share of its wider portfolio.
Form 13F requires institutional investment managers overseeing at least $100 million in qualifying US securities to disclose certain long positions every quarter. However, the reports are backward-looking and do not include cash, short positions or assets that fall outside the filing rules.
Clear Creek could therefore have increased, reduced or exited some positions after the reporting date.
Ethereum becomes the firm’s second-largest crypto allocation Ethereum ETFs formed Clear Creek’s second-largest digital asset allocation at almost $4.3 million.
The firm reported 337,162 shares of the Bitwise Ethereum ETF, valued at approximately $3.8 million. It also disclosed 14,336 shares of the iShares Ethereum Trust worth $170,455.
Clear Creek held a further 21,374 shares of the Grayscale Ethereum Staking ETF, valued at $321,251. The staking product gives investors exposure to ETH while incorporating rewards generated through Ethereum’s proof-of-stake network, subject to the fund’s structure and fees.
Separately, Morgan Stanley launched Ethereum and Solana staking ETFs on July 28. The products charge a management fee of 0.14%, adding another major Wall Street name to the expanding US crypto fund market.
The developments show how regulated products are giving investment advisers several ways to allocate to the same digital asset, including products from Bitwise, BlackRock, Grayscale and Morgan Stanley.
XRP and Solana ETFs broaden Clear Creek’s strategy Clear Creek also reported smaller positions tied to XRP and Solana, taking its disclosed crypto ETF portfolio beyond the two largest digital assets.
The investment manager held 11,621 shares of the Bitwise XRP ETF, valued at $135,501 at the reporting date.
Its Solana allocation was split between two funds. Clear Creek owned 11,258 shares of the Bitwise Solana Staking ETF worth $112,693 and 28,144 shares of the Grayscale Solana Staking ETF valued at $155,636.
Those positions brought the firm’s total reported Solana ETF exposure to about $268,329. Although small compared with its Bitcoin and Ethereum holdings, the allocations show that some US advisers are using regulated funds to gain exposure to a wider group of crypto assets.
Morgan Stanley also recently disclosed an XRP ETF position, providing another example of traditional financial firms moving beyond Bitcoin-only exposure.
US and global crypto ETF markets continue expanding Clear Creek’s filing arrives as the SEC considers changes to how it reviews a growing pipeline of ETF proposals.
Brian Daly, an official in the SEC’s Division of Investment Management, said the agency receives roughly 200 ETF applications each month, according to Bloomberg ETF analyst Eric Balchunas. Daly also acknowledged that the regulator had handled crypto poorly and wanted a more orderly process for reviewing novel products.
The SEC is reportedly considering confidential ETF filings, which could allow issuers to submit proposals privately before making them public. Such a system could protect new fund ideas from competitors while regulators conduct an initial review.
Other markets are also examining broader crypto fund access. Japan could allow its first Bitcoin ETF by 2028 as regulators prepare rules permitting investment trusts and ETFs to hold digital assets directly.
For US investors, Clear Creek’s disclosure does not prove that the firm remains invested at the same levels today. It does, however, provide a documented view of how one registered adviser distributed its crypto exposure across four assets and several competing issuers.
The update makes DeFi access easier by reducing the approval process to a single wallet signature.
Flare has introduced Smart Accounts version 1.3 to simplify how XRP holders access decentralized finance (DeFi) without changing their existing wallet. The update also removes the need to create separate wallets, manually bridge assets, or manage gas tokens before using DeFi services.
According to a press release sent to CryptoPotato, users now need only a single wallet signature to access DeFi. Previously, the process required two separate approvals.
How Smart Accounts Version 1.3 Works Under the new version, users approve a single transaction from their XRP Ledger wallet. The system then converts their XRP into FXRP and automatically deposits it into a selected yield vault.
The Flare Data Connector verifies the XRP Ledger transaction before a smart contract completes the remaining steps. Flare said the original XRP remains locked on the XRP Ledger at a one-to-one ratio throughout the process.
This setup allows users to retain control of their assets while removing the need for manual bridging or obtaining gas tokens on another blockchain. The simplified process comes as FXRP activity across decentralized finance platforms continues to expand.
Since February, the amount of FXRP deployed across DeFi applications has grown by nearly 75%, rising from 82 million to 144 million. Flare also reported that more than 40 million XRP is currently earning through Smart Accounts across nearly 24,000 accounts.
New Vaults and Broader Wallet Integration Commenting on the update, Chief Product Officer Filip Koprivec said millions of XRP holders had wanted access to DeFi, but the experience had been too complex. He said version 1.3 lets users move from XRP to yield with a single wallet signature while remaining fully non-custodial.
You may also like: Ripple (XRP) News and Price Update: July 27 Ripple (XRP) ETF Inflows Set Another Record, but One Problem Remains Do People Interested in XRP Actually Care About Ripple? The version also expands the available yield options with two vaults offering different approaches. Users can continue using the Monarq vault or choose the new Clearstar Flare XRP Yield Vault, which uses on-chain lending and liquidity strategies.
According to the company, the Clearstar vault distributes FXRP across protocols including Avant and Euler while keeping all positions publicly visible. Flare added that Clearstar has previously managed more than 33 million FXRP through earlier deployments.
The update also expands wallet support to Ledger, Xaman, Joey Wallet, WalletConnect, including Bifrost, and D’CENT. Joey Wallet has integrated the Smart Accounts interface directly into its application, allowing users to complete the process without leaving the wallet.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Flare launches Flare Smart Accounts v1.3, enabling XRP holders to access DeFi vaults with a single XRPL wallet signature.
Summary
Flare has launched Smart Accounts v1.3, simplifying FXRP minting and yield farming for XRP holders without manual bridging. XRP holders can now access DeFi with a single XRPL signature following the release of Flare Smart Accounts v1.3. Flare Smart Accounts v1.3 streamlines XRP DeFi access, enabling one-signature deposits into yield-generating vaults. Flare today announced the release of Flare Smart Accounts (FSA) v1.3, making it possible for XRP holders to mint FXRP and deposit it into yield-generating vaults with a single XRPL signature.
For XRP holders, accessing DeFi has often meant creating new wallets, bridging assets between chains, and managing gas tokens before earning a single dollar in yield. Flare Smart Accounts v1.3 removes much of that complexity. Users can now choose a vault, sign once using the XRPL wallet they already use, and Flare completes the rest automatically. No separate EVM wallet, gas token, or manual bridging is required.
The update builds on growing momentum for XRPFi. Since February 2026, the amount of FXRP deployed in DeFi has grown by nearly 75%, increasing from 82 million to 144 million FXRP. More than 40 million XRP is currently earning yield through Flare Smart Accounts, while nearly 24,000 Smart Accounts have already been created.
“Millions of XRP holders have wanted access to DeFi, but the experience has been too complex,” said Filip Koprivec, CPO at Flare network. “With Smart Accounts v1.3, users can go from XRP to yield with a single signature while remaining fully non-custodial.”
The update reduces what previously required two separate XRPL signatures to a single transaction. The user’s XRP remains secured on XRPL through FXRP’s 1:1 collateral model while Flare mints FXRP and deposits it into the selected yield strategy. Behind the scenes, the Flare Data Connector (FDC) verifies the XRPL transaction on Flare, allowing a smart contract linked to the user’s XRPL address to carry out the requested actions automatically.
The release also expands the range of yield strategies available through Flare Smart Accounts with the addition of the Clearstar Flare XRP Yield Vault. Users can now choose between two actively managed FXRP vaults with different approaches to generating yield.
The Monarq XRP Yield Vault, operated by Monarq, majority-owned by FalconX, combines options, basis trading, funding-rate capture, and on-chain DeFi strategies, dynamically adjusting allocations as market conditions change. The newly added Clearstar Flare XRP Yield Vault takes a fully on-chain approach, deploying FXRP across lending and liquidity protocols on Flare, including Avant and Euler. Every position is publicly verifiable on-chain, and the strategy has previously managed more than 33 million FXRP in deposits.
Flare is also expanding access by adding support for Ledger, Xaman, Joey Wallet, and WalletConnect, including Bifrost. These integrations join the existing D’CENT support, allowing more XRP holders to access Flare’s yield infrastructure through the wallets they already use.
As part of the release, Joey Wallet, a self-custodial XRPL wallet with under-3-second onboarding and social login support via Web3Auth, now embeds Flare Smart Accounts directly as an in-wallet dApp. Users can mint FXRP and deposit into yield vaults without leaving the wallet.
“There’s a lot of overlap between the XRPL and Flare communities, so integrating Flare Smart Accounts just made sense,” said Christopher Troia, Co-Founder of Joey Wallet. “It brings a breath of fresh air for XRP holders, letting them start putting their XRP to work in a seamless way.”
Users can get started at fsa.flare.network/vaults or through supported wallets, including Joey Wallet, Xaman, and D’CENT.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
@FlareNetworks has shipped Smart Accounts v1.3, cutting the steps required for $XRP holders to access decentralized finance down to a single wallet signature.
One signature, no new wallets The update allows XRP holders to mint FXRP, Flare's tokenized representation of XRP for DeFi applications, and deposit it into yield-generating vaults using a single XRP Ledger (XRPL) signature. Previously, accessing XRPFi through Flare required two separate XRPL signatures along with additional wallet setup and bridging steps.
The process relies on the Flare Data Connector (FDC), which verifies the XRPL transaction on Flare. After verification, a smart contract linked to the user's XRPL address executes the remaining actions without requiring additional user interaction. Flare said the original XRP remains locked on the XRP Ledger at a one-to-one ratio throughout the process. The update also eliminates the need for a separate EVM wallet, gas tokens, and manual bridging.
New vault, broader wallet support and rising adoption The release adds the Clearstar Flare XRP Yield Vault alongside the existing Monarq XRP Yield Vault, giving users access to two FXRP yield strategies. Monarq, majority-owned by FalconX, uses a combination of derivatives and DeFi strategies, including options and basis trading. Clearstar's vault takes a fully on-chain approach, deploying FXRP across lending and liquidity protocols such as Avant and Euler, and has previously managed more than 33 million FXRP in deposits.
Flare also expanded wallet support to Ledger, Xaman, Joey Wallet, and WalletConnect-compatible wallets, including Bifrost, joining the existing D'CENT integration. Joey Wallet has integrated the Smart Accounts interface directly into its application, allowing users to complete the process without leaving the wallet.
Since February 2026, the amount of FXRP deployed across DeFi applications has increased by nearly 75%, rising from 82 million to 144 million FXRP. Flare also reports that more than 40 million XRP is currently earning yield through Smart Accounts, while nearly 24,000 Smart Accounts have been created to date.
Sources:
Flare Cuts XRP-to-DeFi Onboarding to a Single Signature With Smart Accounts v1.3 - DailyCoin
Flare Simplifies XRP DeFi Access With One-Signature Smart Accounts Update - U.Today
Flare Smart Accounts - Flare Network (Official)
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RippleX software developer Mayukha Vadari clarifies a common misconception about XRP Ledger feature usage, with some assuming transaction volume is a way to measure the utility of an XRPL amendment.
In an X post, Vadari stated that transaction volume may not be the best way to measure every amendment. The RippleX developer cited the clawback feature as an example, saying that in this context, the liquidity/market cap of clawbackable tokens will be what to consider, as these tokens would not have launched without the clawback feature. In her view, these tokens might not need to use the transaction much.
Clawback refers to tokens that have a feature allowing the issuer to reclaim or "claw back" these tokens from users' wallets under certain conditions, and the feature was launched on the XRPL in January 2025.
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A feature's utility isn't always measured by its transactions. Anything that's more of a cross-cutting feature will typically be more integrated into other transactions.
To take another example from an upcoming amendment: Utilization of Sponsored Fees and Reserves should track…
— Mayukha Vadari (@msvadari) July 27, 2026 Vadari continued, in response to an X user, that a feature's utility is not always measured by its transactions. She pointed out that "anything more of a cross-cutting feature might typically be more integrated into other transactions." She cited another example from an upcoming amendment: sponsored fees.
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Vadari noted that utilization of sponsored fees and reserves should track the use of the sponsor field on transactions more so than the new transactions introduced (SponsorshipSet and SponsorshipTransfer). She added that those transactions not being used much do not provide much information on whether the feature as a whole is being used, as many flows may likely not use the transactions at all.
Upgrades coming to XRP LedgerIn the coming weeks, another XRPL software release v3.3.0 is expected and will introduce Batch, Confidential Transfers (privacy), Sponsored Fees and Reserves, Permission Delegation, and Dynamic MPTs amendments.
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The fixcleanup3_2_0 upgrade is expected to go live in less than a day, bringing important fixes to the XRP Ledger's Single Asset Vaults, the Lending Protocol, the permissioned DEX (Decentralised Exchange), Multi-Purpose Tokens, and permissioned domains.
XRP Ledger Foundation to host hackathonAccording to a recent announcement, XRPL Commons and XRPL Foundation will be hosting a 36-hour XRPL Hackathon in New York from October 24 to 25; this is the weekend before Ripple's Swell event.
Participants can explore four tracks spanning protocol innovation, agentic finance, lending and borrowing, and an open category.
Ripple’s closest banking partner in Asia is expanding its blockchain goals beyond the XRP Ledger and RippleNet. SBI Holdings has announced a major restructuring of one of its wholly owned subsidiaries, with the business at the heart of its strategy with respect to the Canton Network. The shift is the latest effort by SBI to venture into institutional on-chain finance alongside its move off Ripple’s network.
Ripple Partner SBI Holdings Adopts Canton Network On Tuesday, July 28, SBI Holdings has announced that SBI Security Solutions Co., Ltd. will be renamed to SBI Digital Practice Co., Ltd., as of June 22, 2026. The company will now be SBI’s standalone business in the financial services space based on the Canton Network. According to the company overview, SBI Holdings owns 100% of the business, which is headquartered in Roppongi, Minato-ku, Tokyo.
The restructuring follows the long-term vision of on-chain finance of SBI. About the financial products and transactions, the company noted that blockchain networks are increasingly being used. Thus, SBI Digital Practice will support financial institutions to create compliant blockchain framework and promote institutional adoption.
The subsidiary will offer such financial firms an end-to-end support, SBI said. It will be involved in creating financial infrastructure and applications on the Canton Network. It could therefore helping domestic and foreign institutions implement, and creating platforms for cross-border and cross-currency transactions.
The company overview also mentions that SBI Digital Practice will be primarily concerned with on-chain financial services, business development, system building, and operations. Earlier, SBI Holdings partnered with Fassets to move forward with stablecoin cross-border initiative.
Is SBI Looking Beyond XRPL, RippleNet? It’s a noteworthy announcement since SBI has close ties with Ripple. In 2016, SBI Holdings and Ripple founded SBI Ripple Asia in an attempt to expand RippleNet-based cross-border payments throughout the Asia-Pacific area. The joint venture also has been a key component in institutional adoption on the XRP Ledger and Ripple’s enterprise payment technologies.
However, the newest step signals SBI’s institutional blockchain strategy is not only based on the Ripple network but also on their own platforms. The expansion follows the month of SBI Ripple Asia’s reaffirmation of its support for XRPL just months ago. The company has recently become a Japanese third-party prepaid instrument issuer. It also launched a token issuance platform on the XRP Ledger in April 2026 to empower businesses to create compliant digital tokens.
SBI anticipates the demand for the Canton Network will continue to rise at the institutional level. Today, the network includes more than 600 participating institutions, including Goldman Sachs, BNP Paribas, Broadridge, Franklin Templeton, and Euroclear, SBI added.
Moreover, the total value of assets on the network has reached over $6 trillion, according to SBI. The firm also noted that DTCC’s recent adoption of Canton for the digital securitization of U.S. Treasury bonds was another indicator of the increasing institutional use of the company’s solution.
SBI is certainly one of Ripple’s most reliable partners but its recent restructuring suggests the company is no longer focused on a single blockchain ecosystem for its digital asset strategy. Instead, it’s preparing itself to take a wider piece of the institutional pie of multi-chain on-chain finance.
For RWA-related info, check out our page on Top Real World Asset (RWA) Issuers.
Bitcoin (BTC) is falling toward the immediate $63,000 support at the time of writing on Tuesday, weighed down by continued risk-off sentiment. Altcoins, including Ethereum (ETH) and Ripple (XRP), remain under pressure, trading below $1,900 and $1.10, respectively.
Crypto sentiment stays fragile ahead of Fed rate decisionCrypto market sentiment remains largely unresponsive and in the Fear territory, as reflected in the Fear & Greed Index. The index, which broadly tracks investor behavior, holds at 29 on Monday, down only marginally from 30 the day before. This prevailing market condition indicates that risk-off sentiment remains weak, aligning with the ongoing correction.
Crypto Fear & Greed Index | Source: AlternativeMeanwhile, investors are pricing in a 64% probability that the Federal Reserve (Fed) will hold interest rates steady in the 3.50%- 3.75% range on Wednesday.
At the same time, the market is pricing in a 36% chance of a hike to the 3.75%-4.00% range. Although recent data, including the Consumer Price Index (CPI), signaled that inflation eased in the United States (US) in June, fears of a regional escalation of the war in the Middle East could push the Fed toward a stricter monetary policy.
Loretta Mester, former Cleveland Fed President, said in an interview that the central bank officials “are going to have to ask themselves whether policy is at the right level to get inflation moving back down to 2%. Chair Warsh has been pretty vocal on saying that they’re not going to tolerate inflation.”
FedWatch tool | Source: CME GroupBitcoin spot Exchange-Traded Funds (ETFs) extended the bearish streak for a third consecutive day, with outflows approaching $12 million on Monday. According to SoSoValue data, institutional withdrawals totaled $225 million on Thursday and $240 million on Friday, undermining risk exposure.
Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs outpaced Bitcoin, as inflows returned, reaching roughly $9 million on Monday. This followed Friday’s $71 million in outflows, which snipped five days of inflows.
Ethereum ETF flows | Source: SoSoValueXRP spot ETFs posted very mild inflows totaling $592,000 on Monday, following three straight days of muted activity. Cumulative inflows edge higher to $1.50 billion, with net assets under management holding steady at $1 billion, according to SoSoValue.
XRP ETF flows | Source: SoSoValueTechnical outlook: Bitcoin bears tighten grip amid persistent lossesBitcoin trades around $63,460, keeping a bearish near-term bias as it holds below a dense pack of moving averages. The 50-day Exponential Moving Average (EMA) at $64,971 is the first cap on the upside, with the Parabolic SAR at $66,956 and the 100-day EMA at $67,651 reinforcing the notion of overhead supply.
Momentum is soft, with the Relative Strength Index (RSI) hovering near a neutral 46 on the daily chart and the Moving Average Convergence Divergence (MACD) histogram in negative territory, which together suggest a lack of buying conviction after the recent pullback.
BTC/USDT daily chartOn the topside, immediate resistance is defined by the 50-day EMA at $64,971, followed by the Parabolic SAR level at $66,956 and the 100-day EMA at $67,651. A sustained break above these would be needed to challenge the longer-term bearish structure, where the 200-day EMA at $73,237 marks a more significant barrier. With no nearby technical supports on the daily chart, key psychological demand levels at $63,000 and $60,000 will come in handy and encourage bulls to reengage.
Altcoins technical outlook: Ethereum and XRP face renewed headwindsEthereum trades near $1,880, holding a constructive near-term bias as price sits above the short-term 50-day EMA at $1,841 and the latest Parabolic SAR signal at $1,856. This positioning suggests underlying dip-buying interest, even as broader trend gauges remain overhead.
Momentum is mixed, with the RSI near 54 indicating neutral-to-firm traction on the daily chart, while the MACD histogram has slipped marginally negative, hinting that bulls may face a slower grind higher rather than a clean breakout.
ETH/USDT daily chartInitial resistance lies at the 100-day EMA around $1,933, with a stronger barrier emerging at the 200-day EMA near $2,155, where medium-term sellers are likely to defend the broader downtrend. On the downside, immediate support is implied by the Parabolic SAR at $1,856, followed by the 50-day EMA at $1,841. A daily close below this latter level would weaken the current bullish bias and open the door to a deeper corrective phase.
XRP, on the other hand, trades at $1.05 at the time of writing. The pair is pressed into the lower Bollinger Band near $1.05 acting as a pivot while price remains decisively below the indicator's middle layer at $1.10 and all three major moving averages, the 50-day, 100-day and the 200-day EMAs.
Momentum adds a soft negative tone as the RSI at 39 drifts below the midline on the daily chart and the MACD histogram holds slightly in negative territory, suggesting downside pressure is still dominant despite XRP's proximity to the Bollinger Band support.
XRP/USDT daily chartImmediate focus stays on the lower Bollinger Band layer at $1.05, where a sustained break would likely open the door to further selling toward key psychological levels such as $1.00. On the topside, initial resistance is lies at the Bollinger Band middle layer around $1.10, followed by the 50-day EMA at $1.13 and the upper Bollinger Band layer near $1.14. Above these barriers, the 100-day EMA at $1.22 and the distant 200-day EMA at $1.42 mark broader recovery hurdles that the pair would need to reclaim to neutralize the present bearish backdrop.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
Bitcoin and XRP remain under selling pressure on Tuesday, even as oil prices extend declines amid hopes of de-escalation in the US-Iran war. Stock and crypto markets face selloffs amid growing concerns that Fed dissents could signal a rate hike in September.
Fed Dissents Could Push Rate Hike in September Investors are awaiting Fed officials’ votes during the FOMC meeting for clues on interest rates. Markets are expecting a 10-2 split vote as the FOMC members start the two-day meeting today, with two officials supporting a 25 bps rate hike.
However, concerns are mounting over growing Fed dissents favoring a rate hike, building on June FOMC meeting minutes that revealed a split.
More than three dissenting votes could strengthen expectations for a September Fed rate hike, even if the policy rate stays unchanged this week. The CME FedWatch Tool shows a 56% probability of a rate hike by 25 bps in September.
FED DISSENTS COULD SIGNAL SEPTEMBER HIKE
Investors are watching this week's Fed vote for clues on interest rates.
A 10-2 split is expected, with two officials backing a 25bp rate hike.
If more than three members dissent, it could signal growing support for a September hike.…
— *Walter Bloomberg (@DeItaone) July 28, 2026
Notably, T. Rowe Price expects the Fed to keep rates unchanged over the next 12 months. In contrast, Citadel Securities expected Fed Chair Kevin Warsh to announce a rate hike this week amid rising inflation.
Meanwhile, President Donald Trump pushed the US Fed to cut interest rates. This comes as he said the US is having “good talks” with Iran aimed at ending the war. Iran-Oman talks revealed positive progress on opening and managing the Strait of Hormuz.
Bitcoin and XRP Plunge Despite Falling Oil Prices Oil prices extended fall by 3% further today after Trump signaled easing US-Iran war concerns. Oil prices fell below $80 per barrel today ahead of this week’s Fed rate decision.
Meanwhile, the US dollar index (DXY) holds near 101.6 as inflation concerns fall as the US and Iran paused strikes. Also, the 10Y Treasury yield slips to 4.622% after hitting an 18-month high last week.
However, Bitcoin fell more than 3% despite a drop in oil prices and bonds. The price is currently trading near $63,320, with a 24-hour low of $63,016. Trading volume has increased by 24% in the last 24 hours.
The derivatives market also showed selling in the last few hours. Total Bitcoin futures open interest dropped more than 2% to $47.46 billion in the past 24 hours. Notably, Bitcoin futures OI on CME and Binance fell by more than 2.70% and 1.55%, respectively.
Meanwhile, XRP price is trading at $1.05, down more than 5% amid a broader market crash and latest Clarity Act delays. Trading volume has increased by 74% as traders moved sell holdings.
XRP futures open interest also dropped in the last hour, but is still up 1.15% in the past 24 hours. Sentiment remains mixed, with Binance seeing a 0.85% drop in open interest in the last few hours.
Inflows into XRP ETFs also dropped to $592.47K. Grayscale said spot HYPE ETF flows are accelerating as compared to Bitcoin, Ethereum, Solana and XRP on an asset market cap basis.
Navigating these volatile macro environments requires a dedicated suite of the best crypto research tools to analyze blockchain transaction volume and market sentiment.
28 July 2026 | 14:29 XRP’s rising trendline held briefly during previous sessions, but buyers could not build on the defence. Price has since broken below it and fallen towards $1.05 at the time of writing.
Key Takeaways XRP has broken below its rising trendline. Price is testing support around $1.05. Spot and futures traders reduced exposure. Losing $1.05 could expose $1.01. The broken trendline now blocks recovery. The move confirms the downside risk discussed in our previous XRP analysis. The first bounce lacked enough demand to move price away from support, leaving the structure vulnerable when selling returned. placing it directly on another important area.
XRP Has Returned to a Key June Support The $1.05 zone combines the early-June low with the range where XRP traded repeatedly between June 24 and June 30. That history makes it the clearest nearby area where buyers may try to slow the decline.
A sustained break below it would expose the June 26 bottom near $1.01. That level marked the base of the recovery that later developed into the rising triangle.
Daily XRP/USD technical price chart from TradingView, highlighting key support levels and indicators. Spot and Futures Traders Are Pulling Back Coinglass data shows that capital left both XRP spot and futures markets as the trendline failed.
Spot trading recorded a 12-hour net outflow of approximately $2.54 million, while futures posted a much larger net outflow of $24.02 million. The four- and eight-hour readings were also negative in both markets.
The combination matters. Spot buyers were not absorbing enough supply to defend the chart, while derivatives traders were reducing leveraged exposure rather than positioning for an immediate rebound.
The futures withdrawal was far larger, suggesting that much of the reaction came from traders cutting risk as support gave way. That can reduce future liquidation pressure, but it does not repair the chart without renewed spot demand.
The Broken Trendline Is Now Resistance XRP must first recover the former triangle support before the short-term structure can improve. The rising line now sits close to the 50-day simple moving average near $1.1101, creating a difficult resistance area.
A move back above both levels would show that the breakdown failed and return XRP to its previous range. Until then, rebounds towards that area may attract sellers.
The wider risk-off mood ahead of rate decisions from the Federal Reserve and the Bank of Japan. A change in Japanese rates could force investors to unwind yen-funded carry trades, positions built by borrowing cheaply in Japan to buy higher-yielding assets, which can trigger selling across crypto. Even so, XRP’s immediate weakness might be best explained by its broken chart structure and the outflows from its spot and futures markets.
Holding $1.05 could produce a relief bounce, but XRP would remain technically weak beneath the broken trendline and 50-day SMA.
A daily close below the current support would bring $1.01 into focus. A recovery above the former triangle boundary would be the first sign that buyers are beginning to repair the breakdown.
Disclaimer: This article is for informational and analytical purposes only and does not constitute financial or investment advice. Technical levels and market-flow data do not guarantee future price movements. Methodology: XRP price levels and technical structure are based on the XRP/USD daily chart from TradingView using Coinbase data. Spot and futures flow figures come from Coinglass. Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
