As technical indicators dominate the cryptocurrency market, major assets like XRP, Zcash, Toncoin, and Shiba Inu remain in search of short-term direction. Recent data highlight a significant multi-month support loss for XRP, while certain cryptocurrencies are showing early signs of recovery following extensive selloffs.
Focus shifts to support loss in XRPXRP has moved into a technically weak phase after falling below the long-held support level near 1.30 dollars. Daily charts show the price struggling under key moving averages, with the 200-day average lingering around 1.60 dollars. This divergence puts a spotlight on how recent selling activity has disrupted the technical outlook.
One notable development was the breakdown from a descending triangle pattern that had formed between March and May. Although buyers managed to defend the 1.30 dollars level for a while, intensifying selling pressure ultimately pushed prices lower. XRP is now trying to stabilize around the 1.14 dollars mark.
Momentum indicators continue to paint a lackluster picture. While the RSI briefly dipped into oversold territory and showed some limited recovery, this alone does not signal a lasting turnaround.
The first major test for XRP buyers now lies in reclaiming the 1.30 dollars region, which has turned from support into a tough resistance area.
If current levels do not hold, psychological support around the 1.00 dollars mark could quickly become relevant again. For any lasting bounce, traders are looking for higher lows, increased volume during upswings, and a sustained move back above 1.30 dollars.
Zcash resists after sharp plungeDespite experiencing one of the month’s most severe liquidation waves, Zcash has shown more resilience compared to many other altcoins. ZEC dropped sharply from over 600 dollars down to nearly 250 dollars in a matter of days, but then rallied forcefully to stabilize near 430 dollars. Zcash is known as a privacy-focused blockchain project.
The primary trigger for the sharp fall was the discovery of a software bug that allowed unauthorized ZEC creation. This incident triggered panic in the markets, resulting in forced liquidations and a surge in heavy selling.
Mini glossary: Liquidation refers to when leveraged positions are closed automatically by exchanges due to insufficient collateral. This process often causes sudden spikes in volume and volatility.
Despite this setback, buyers jumped in quickly, helping to prevent a complete breakdown of the broader market structure. ZEC continues to hold above its 200-day moving average of 370 dollars, with 400 dollars providing support and the 450 to 500 dollars range serving as resistance.
Outlook for TON and SHIBToncoin, having experienced weeks of volatility, is showing signs of stabilization. A dramatic rally above 2.80 dollars in May was largely erased by subsequent corrections. Nevertheless, TON’s ability to remain above its 100-day moving average near 1.68 dollars is considered a positive sign. The key resistance area is between 1.80 and 1.85 dollars; breaking through could open the door to a move towards 2.00 dollars.
Shiba Inu, on the other hand, stands out as one of the more vulnerable assets from a technical perspective. Breaking down from a multi-month ascending channel, SHIB’s chart signals a continuing downtrend rather than a brief adjustment. The token slumped to the 0.0000045 dollars area amid steady selling pressure.
Although SHIB has attempted a rebound, its price remains below the 50, 100, and 200-day moving averages, indicating sellers are still in control. Immediate resistance is seen at 0.0000055 dollars, with a stronger barrier between 0.0000058 and 0.0000060 dollars. If buyers fail to regain momentum, retesting the 0.0000045 dollars support remains a clear risk.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Key Facts Flare is raising the deposit cap on the Monarq XRP Yield Vault (MXRPY) from 500,000 FXRP to 7.5 million FXRP, a 15x increase. The cap raise follows strong early demand since MXRPY’s launch on 15 May 2026 by Monarq Asset Management, Flare and Upshift. MXRPY is a managed multi-strategy vault deploying FXRP across options trading, basis and funding rate arbitrage, and on-chain XRPFi strategies, targeting 3–4% APY. Monarq, the vault’s strategy manager, is a FalconX-majority-owned digital asset manager; the vault runs on Upshift’s institutional vault infrastructure. The cap raise lands days after Flare’s 19 May integration with D’CENT Wallet, which lets XRP holders deposit into MXRPY directly from their hardware wallet using two XRPL signatures via Flare Smart Accounts. Flare is raising the deposit cap on the Monarq XRP Yield Vault (MXRPY) from 500,000 FXRP to 7.5 million FXRP — a 15x increase that reflects unusually strong early demand from XRP holders since the vault launched on 15 May 2026. The expansion comes alongside Flare’s new integration with D’CENT Wallet, which has put the vault within two signatures of hundreds of thousands of hardware wallet users globally.
Why the cap is being raised MXRPY launched with a deliberately conservative initial cap of 500,000 FXRP, giving Monarq Asset Management and infrastructure provider Upshift time to assess flow and validate the vault’s three-strategy execution model in live conditions. The 15x cap raise to 7.5 million FXRP signals that initial demand has comfortably exceeded the launch allocation and that the operating partners are confident the underlying strategy can scale meaningfully.
The expansion also responds to the distribution shift now underway. With XRP holders gaining wallet-native access through D’CENT’s hardware wallet — and additional distribution channels likely to follow through the XRP Alliance — the practical addressable demand for the vault has stepped up sharply over the past two weeks. A 500,000 FXRP cap was never going to be enough to absorb that broader flow.
How MXRPY works MXRPY is a managed multi-strategy yield vault built by Monarq Asset Management on Upshift’s institutional vault infrastructure. It is the first XRP-denominated vault on Flare to combine on-chain DeFi with off-chain execution under a single managed product. Users deposit FXRP — Flare’s trust-minimised representation of XRP — and receive MXRPY receipt tokens representing principal and accrued yield.
Capital is allocated across three return engines: options trading, basis and funding rate arbitrage, and on-chain XRPFi positioning. The target annual yield sits at approximately 3% to 4% APY, with returns distributed over time depending on strategy performance and market conditions. Withdrawals settle on a weekly cycle every Friday, with an option to pay a small fee for instant redemption.
Monarq — majority-owned by FalconX — runs options and basis strategies as part of its core fund book and applies the same playbook to MXRPY, deciding capital allocation across the three sleeves and executing the off-chain trades directly. Flare provides the FXRP infrastructure and distribution; Upshift provides the vault rails.
“The Clearstar EarnXRP vault showed that there is real demand for XRP-denominated vaults on Flare,” said Ethan Luc, head of growth at Upshift, at the MXRPY launch. “Upshift provided the infrastructure behind that launch, and we’re now expanding the model with Monarq, a second XRP vault with a different strategy profile and a broader set of yield sources.”
D’CENT’s distribution role The cap raise is timed to absorb new flow from the 19 May D’CENT integration. Flare Smart Accounts (FSA) now lets D’CENT users deposit XRP into MXRPY directly from their hardware-secured device using just two XRPL signatures, with no new wallet, no new chain, and no FLR gas token to manage. D’CENT reports more than 330,000 hardware users and 720,000+ app users across the US, Korea, UK, Canada and Japan, with billions of XRP held across the base.
The architecture matters because it removes the friction that previously kept XRP holders out of EVM-based DeFi. FSA treats XRPL as the control layer — the memo field on each XRPL transaction encodes what should happen on Flare, and the Flare Data Connector relays a proof of the transaction to a smart contract proxy assigned to that XRPL address. The user never holds FLR, never manages a new seed phrase, and never signs an EVM transaction. Inside D’CENT, the integration appears as a featured application labelled “Idle XRP; Meet Institutional Yield,” with a direct link to the Monarq vault frontend.
The XRP Alliance context D’CENT is the lead wallet partner in the XRP Alliance, a distribution group convened by D’CENT with Flare, Doppler, Banxa and Squid joining at launch. Flare’s role in the Alliance is the programmable layer for XRP — FAssets handles trust-minimised asset representation, FSA handles chain-abstracted execution, and wallet partners handle native distribution. Together the stack is designed to support both retail flows and institutional strategy deployment.
The cap raise lands inside a broader push by Flare to position itself as the default programmable yield layer for XRPFi. Monarq’s decision to pick Flare as the venue for its first publicly distributed multi-strategy XRP vault — and the speed with which that vault has filled — is the institutional validation Flare has been working toward. The 7.5 million FXRP cap signals that next phase: capital rails capable of absorbing genuinely meaningful XRP volume rather than a launch allocation sized for testing.
$55,000 reward campaign continues Flare and D’CENT’s joint promotional campaign continues to run through to 8 June 2026, with a $55,000 reward pool across three independent quests. Quest 3 — the largest, at $40,000 — rewards users who mint FXRP via Flare Smart Accounts, deposit at least $1,000 USD in XRP value into MXRPY, and maintain the position for 30 days. Eligible users earn $10 in XRP and $10 in FLR per $1,000 USD deposited, with per-user caps of $50 in XRP and $100 in FLR.
Quests 1 and 2 cover D’CENT biometric hardware wallet purchase ($50 in XRP, $10,000 pool) and a minimum 250 XRP holding in a D’CENT wallet ($25 in FLR, $5,000 pool). With the vault cap now 15 times larger, the runway for Quest 3 participation has effectively expanded in line with the new capacity.
FAQ How much is the MXRPY deposit cap being raised?
Flare is raising the deposit cap on the Monarq XRP Yield Vault from 500,000 FXRP to 7.5 million FXRP, a 15x increase. The expansion reflects strong early demand from XRP holders since the vault’s 15 May 2026 launch and the new distribution opened up by Flare’s integration with D’CENT Wallet on 19 May.
What is MXRPY and what yield does it target?
MXRPY is a managed multi-strategy XRP yield vault on Flare, built by Monarq Asset Management on Upshift’s institutional vault infrastructure. It deploys FXRP — Flare’s trust-minimised representation of XRP — across options trading, basis and funding rate arbitrage, and on-chain XRPFi strategies, targeting approximately 3% to 4% APY. Withdrawals settle weekly on Fridays, with an option for fee-based instant redemption.
How can XRP holders access the vault?
XRP holders can access MXRPY through Upshift or directly through D’CENT Wallet via Flare Smart Accounts. The D’CENT integration requires only two XRPL signatures from the hardware device, with FXRP minting and vault deposit handled automatically inside the same flow — no new wallet, no new chain, and no FLR gas token required.
The 7.5 million FXRP cap is the most concrete sign yet that XRPFi on Flare is moving past the proving stage into production-scale capital rails. By raising the ceiling in step with the new distribution from D’CENT, Flare and Monarq are betting that meaningful XRP volume is ready to move on-chain when the experience is simple enough — and the early evidence suggests they are right. This article is informational and does not constitute investment advice.
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The rollover was carried out using the open Spectra protocol, which is presently the most popular yield trading venue on Flare Network. Throughout the event, about $4.88 million in liquidity smoothly moved from an expiring pool into a recently established fixed-term market. A structural milestone for decentralized fixed-term markets was reached on June 3 and 4, 2026, when an XRP-denominated yield market on Flare Network successfully completed a fixed-term liquidity rollover without any market disruptions.
Throughout the event, about $4.88 million in liquidity smoothly moved from an expiring pool into a recently established fixed-term market, enabling continuous trading activity throughout the expiration process. One of the first extensive examples of perpetual liquidity infrastructure functioning over a significant fixed-term pool expiration, the rollover was carried out using the open Spectra protocol, which is presently the most popular yield trading venue on Flare Network.
The GamiLabs FXRP MetaVault on Spectra Finance made the rollover possible. Liquidity providers no longer need to manually unwind and redeploy holdings since the MetaVault automatically channels allocated liquidity from expired pools into new pools within predetermined on-chain parameters.
Although they are regarded as an essential part of the onchain financial system, fixed-term markets have typically had structural difficulties upon expiration. These markets’ capacity to compound growth over time has been hampered by liquidity fragmentation, brief trade disruptions, steep TVL decreases, and manual capital movement. The pattern may be handled at scale, as this rollover shows.
“As the largest stXRP pool on Spectra Finance expired on June 4th, around $5 million in XRP-backed liquidity rolled directly into a new stXRP market through the GamiLabs FXRP MetaVault,” said Will Procheska, DeFi Analyst. “Historically, expiry events created friction as liquidity providers manually migrated capital while TVL and market depth took time to rebuild. Through Spectra MetaVaults on Flare, this rollover occurred seamlessly at expiry with no interruption to market activity, allowing the new yield market to launch immediately with deep liquidity and stronger capital continuity. MetaVaults are helping turn XRP-backed yield on Flare into durable onchain financial infrastructure.”
“Fixed-income onchain markets have always struggled with the expiry transition,” said Gaspard Peduzzi, Co-Founder of Spectra Finance. “The MetaVault architecture turns the expiry cliff into a market continuity event. This allows XRP-denominated yield markets on Flare to deepen, resulting in greater trade efficiency, which institutional actors need.”
The organizations responsible for the rollover include Spectra, the permissionless yield trading protocol that powers the liquidity infrastructure, GamiLabs, the curator of the FXRP MetaVault, and Firelight, the issuer of stXRP. The participants are a part of the larger XRPfi ecosystem that is growing on the Flare Network.
The rollover shows how automated liquidity infrastructure may lower operational friction for liquidity providers while supporting continuity in fixed-term DeFi markets. Mechanisms that provide continuous liquidity over expiries are anticipated to become more crucial for institutional-scale involvement as tokenized fixed-income markets continue to develop.
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The pool closed with over $25M in four-month volume and had already hit double-digit fixed XRP rates by May, as seen on historical charts.
Flare Network’s XRP-based decentralized finance ecosystem reached a new milestone with an automated liquidity rollover. The process moved over $4 million in capital between fixed-term yield markets without disrupting trading activity.
The rollover took place on June 4, 2026, when the largest stXRP fixed-term pool on Spectra Finance reached maturity. Managed through GamiLabs’ FXRP MetaVault, the process automatically transferred liquidity into successor pools expiring on August 27 and November 26, 2026.
How MetaVaults Managed the stXRP Liquidity Transition MetaVaults were introduced in February 2026 to address operational challenges associated with fixed-term yield tokenization. The system uses a single smart contract to monitor expiries, select new markets, and route liquidity according to predefined on-chain rules.
Under the model, liquidity providers deposit assets once and receive a vault token representing their position. The vault then manages future rollovers automatically, removing the need for users to manually withdraw and redeploy funds whenever a market expires.
The transition addresses a long-standing issue in fixed-term DeFi markets known as the expiry cliff. In many cases, maturing pools lead to fragmented liquidity and reduced market activity as participants move capital into new pools.
During the June rollover, liquidity was already available in the replacement markets before the original pool matured. This helped maintain continuous market depth and avoided the disruption often associated with fixed-term expiries.
The significance of the rollover was amplified by the scale of the maturing market. The stXRP pool recorded more than $25 million in lifetime trading volume during its four-month duration. By May, it was delivering double-digit fixed rates, reflecting sustained activity ahead of expiry.
You may also like: Important Ripple (XRP) Deadline Concerning Many Users XRP’s Price Could Explode to $8, But This One Zone Is Holding It Back 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M Spectra Finance Yield Infrastructure Spectra Finance remains one of the most active yield trading platforms on Flare, supporting structured yield products through FXRP. FXRP serves as a trustless and overcollateralized representation of XRP within Flare’s FAssets framework.
GamiLabs oversees the FXRP MetaVault, while Firelight issues stXRP used within the ecosystem. Together with Spectra’s protocol infrastructure, these components support a growing market for XRP-denominated yield strategies.
The operational impact of this structure is highlighted by comments from Spectra Finance co-founder Gaspard Peduzzi. According to him, the MetaVault framework turns expiry events into continuous market transitions. He added that this approach could support deeper and more efficient XRP yield markets by reducing operational friction linked to fixed-term maturities.
Cardano’s total value locked dropped close to 30% in June, sliding from $129 million to $92 million — a fall that closely tracks ADA’s own price decline of 27% over the same stretch.
Yet one platform inside the ecosystem is pushing back hard against the idea that the network is finished.
DexHunter, a Cardano-based DEX aggregator, took to X to argue that the blockchain is more alive than ever, citing a sharp spike in trading activity as proof that user engagement remains strong despite ADA’s price weakness.
A Surge, Then A Pullback Daily DEX trading volume on Cardano shot up from roughly 6 million ADA to 25 million ADA across four days, one of the steepest volume increases in recent months.
DexHunter attributed that spike to heavy trading in tokens including NIGHT, STRIKE, and SNEK, as well as stablecoins such as USDCx.
Volume has since retreated to around 7.45 million ADA, down 11% in the most recent 24-hour period.
They say: Cardano is dead
We say: Cardano is more alive than ever$STRIKE$ASCEND$ATLAS$SURF$SURGE
The ecosystem is exploding🤯 pic.twitter.com/aCp8D80jAv
— DexHunter 🏹 (@DexHunterIO) June 6, 2026
Source: DexHunter on X Alongside the volume data, DexHunter shared charts tracking the performance of several Cardano-native tokens. ATLAS rose 18% in a single day.
STRIKE gained 3%. ASCEND added 1.20%. SURF was the exception, falling 2.67% during the same window. Based on that activity, DexHunter declared the ecosystem is exploding.
Broader Headwinds Weigh On The Network The platform’s upbeat take comes against a backdrop of mounting pressure on Cardano. ADA hit a multi-year low of $0.14 earlier this year, and a string of setbacks has fed speculation about the network’s long-term prospects.
Analytics platform TapTools shut down. A major ecosystem contributor exited after declaring bankruptcy.
Input Output CEO Charles Hoskinson stepped back from public engagement for a period, and governance disputes have continued to draw criticism from within the community.
Against all of that, DexHunter maintains the underlying activity tells a different story — one of continued user participation even as ADA’s market performance has disappointed.
ADA market cap currently at $6.06 billion. Chart: TradingView Signs Of Life In A Difficult Market ADA was trading at around $0.16 at the time of writing, still deep in the red compared to levels seen earlier this year.
Whether the recent volume spike reflects a genuine shift in momentum or a short-term burst driven by a handful of tokens remains an open question.
What the data does show is that trading activity on Cardano’s decentralized exchange layer is still moving, even if the numbers have pulled back from their recent peak.
Featured image from Wallpaper Flare, chart from TradingView
When Hugo Philion was raising money for Flare, the blockchain network designed to bring smart contract capabilities to XRP and other assets, he kept hearing the same question from venture capitalists. “Why do you want to touch XRP?”
Philion, co-founder of Flare, recalled the reaction that says a great deal about where the smart money stood on XRP at the time and perhaps why the token has spent years trading below what its most devoted supporters believe it deserves.
“Most VCs when I was raising money for Flare were like, why do you want to touch XRP,” he said in a recent interview. “And I was like, I’m sorry you can’t see the opportunity.”
The Opportunity the VCs Missed
Approximately $200 billion worth of XRP assets were sitting largely idle, with no meaningful DeFi infrastructure built around them. No yield mechanisms. No lending markets. No smart contract ecosystem to put that capital to work.
Bitcoin had attracted dozens of teams attempting to solve the same problem, most of them poorly, producing a fractured and underperforming landscape of competing protocols. XRP had attracted almost no one. For Philion, that absence of competition was not a warning sign, it was the entire point.
“Building a new market for an asset that has never had any form of DeFi market before is tough,” he said. “It’s tough to get the wheel starting, but once it does start rotating, it gets its own momentum. And that’s what we’re seeing at the moment.”
Why Philion Is Bullish on XRP
Asked directly about his view on XRP, Philion did not hesitate. Ripple won its legal case against the SEC. The company has since acquired a series of businesses that will use the XRP Ledger as their operational infrastructure. The fundamental case for the asset is stronger today than when Flare began building on top of it.
“There’s more reason to be bullish XRP now than when I started,” he said.
His logic for Flare’s own trajectory is directly tied to XRP’s market cap. A larger XRP market means more capital available to deploy through Flare’s infrastructure, a larger total addressable market and more meaningful yield opportunities for the hundreds of billions in XRP assets currently sitting dormant. If XRP possibly reaches a $500 billion market cap, Flare simply has more to work with.
Story Ends Here
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Ripple CEO Brad Garlinghouse has publicly sided with Flare co-founder Hugo Philion’s comment on Wall Street companies mirroring XRP’s vision. His remark helped recovering the community sentiment as the XRP capitulation dropped amid the recent price decline.
Ripple CEO Backs XRP’s Vision Amid Wall Street Debate In a recent interview, Philion said he’s “always been interested in XRP.” He said Ripple’s strategy for payments has been in the right direction overall. He also said that the company is facing more regulatory issues than issues related to its business model.
Philion cited an important shift in the industry’s perception of Ripple today. He mentioned that some people used to criticize XRP and Ripple for being affiliated with banks and financial institutions.
“When XRP and Ripple kind of started out, they were accused of being the banker coin,” Philion said. He then said that he made a comparison with the state of the crypto market at the present time.
“Now, everyone in the entire industry is desperate to be the banker coin,” he added. Amid this backdrop, it’s worth noting that Ripple and South Korea’s K-Bank recently partnered for blockchain payments, which supports XRP’s vision.
Philion said Ripple has stayed true to its initial objective. “I think they have a good solution,” he stated. He added that the company has “always been relatively true to that solution.” Phillion also said that XRP’s community is one of the loudest in the crypto industry.
An X user later posted the videotaped interview and singled out the Philion quote. The user stated that some of the crypto industry ridiculed XRP’s institutional vision. “They mocked the vision. Now they’re copying it,” according to the post.
Flare founder @HugoPhilion just said it out loud 👀
XRP and Ripple were accused of being the banker coin… now everyone in the entire industry is desperate to be the banker coin.
They mocked the vision. Now they're copying it 🔥$XRP $FLR @FlareNetworks pic.twitter.com/UHQCbR7lbA
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) June 10, 2026
In response, Garlinghouse posted a one-word reply to the original comment as he wrote, “True.” This comment immediately went viral and caught the eye of the XRP community.
About The XRP Ledger’s Upcoming Upgrade The Ripple CEO’s comment coincides with XRP Ledger Foundation planning a June 15 release of its version 3.2.0, This update comes on the heels of a successful launch of the XRPL 3.1.3 version last month. It included fixes and enhancements to NFTs, Multi-Purpose Tokens (MPTs), Vaults, the Lending Protocol, and Permissioned Domains.
One of the main aspects of the upcoming 3.2.0 upgrade is the transition of the core server software from “rippled” to “xrpld.” This change aims to better represent the growing open-source ecosystem that surrounds XRPL.
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Ripple CEO Brad Garlinghouse has joined an ongoing discussion within the XRP community regarding recent comments from Flare co-founder Hugo Philion.
Philion argued that Ripple and XRP were once criticized for targeting banks and payment providers. Today, however, much of the crypto industry is pursuing the same strategy.
He shared this view during a recent interview with AllInCrypto. XRP community figure BankXRP later shared clips from the interview on X. Garlinghouse responded to the post with a brief comment: “True.”
Philion Says the Industry Has Moved Toward XRP’s Vision During the interview, Philion said he had long been interested in XRP because of its focus on solving real-world payment problems. In his view, Ripple’s payments strategy has largely been on the right track despite years of regulatory challenges.
He also pointed to a major shift in industry sentiment. In XRP’s early years, critics often labeled it the “banker coin” because of Ripple’s focus on financial institutions.
Today, Philion noted that many blockchain projects are trying to build relationships with banks, payment companies, and other traditional financial players. As a result, criticism once directed at XRP now appears ironic.
According to Philion, Ripple has remained relatively consistent with its original goals. Meanwhile, the crypto industry has gradually moved toward the same opportunity.
Garlinghouse Backs the View Garlinghouse responded with “True,” a one-word reply that endorses Philion’s assessment. Supporters argue that Ripple’s focus on institutional adoption and cross-border payments was ahead of its time.
Meanwhile, Australian lawyer and XRP supporter Bill Morgan also weighed in on the discussion. Morgan highlighted what he sees as another contradiction in the criticism surrounding Ripple. He noted that the company has been criticized both for holding large amounts of XRP and for selling portions of its holdings.
His comments suggested that Ripple has often faced criticism regardless of how it manages its XRP reserves.
Not to mention criticizing Ripple for holding too much XRP and then criticising it when it sells XRP.
— bill morgan (@Belisarius2020) June 10, 2026
Why Flare Built Around XRP Philion also explained why XRP became a key focus for Flare. According to him, XRP was a natural starting point for the network’s development. He believed the asset represented a major opportunity that many investors and venture capital firms failed to recognize.
Philion recalled that some investors questioned Flare’s decision to focus on XRP. However, he argued that they underestimated the scale of the opportunity.
He pointed to the large amount of capital held by XRP investors and said those assets needed more utility beyond simple transfers and long-term holding.
Expanding DeFi for XRP Holders Rather than targeting Bitcoin first, Flare chose to focus on XRP because it lacked a meaningful decentralized finance ecosystem, Philion said. Building a DeFi market around XRP was not easy. Still, he believes the effort is beginning to gain traction.
His comments are part of an ongoing push within the XRP ecosystem to expand utility beyond payments. Projects such as Flare are working to bring DeFi services to XRP holders and create new use cases for the asset.
Flare’s FXRP initiative launched in 2025 and has continued to reach new milestones, including nearing 200 million circulating tokens.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Ripple has highlighted the growing utility of XRP, with Flare co-founder and CEO Hugo Philion explaining how Flare is giving XRP holders access to new use cases.
Speaking on Ripple’s Onchain Economy series, Philion said Flare aims to extend the XRP ecosystem by bringing XRP into a smart contract environment. This allows XRP holders to access decentralized finance (DeFi) applications and other blockchain-based services.
Flare Connects XRP to Smart Contracts Philion described Flare as a Layer-1 network focusing on interoperability and data protocols. One of its key products is FXRP, a bridge that connects the XRP Ledger to the Flare network.
Through FXRP, XRP can be used in smart contract applications. This opens the door to DeFi services that are not available directly on the XRP Ledger.
For example, users can use XRP as collateral, borrow against it, access stablecoins, and interact with tokenized assets. These assets can include commodities such as gold and other real-world assets.
According to Philion, these tools allow XRP holders to do more with their tokens instead of simply holding them.
Given this utility, FXRP has gained wide acceptance in the crypto community. The most recent data show that FXRP has a circulating supply of 155.76 million and a TVL of $186 million.
New Yield Opportunities for XRP Holders Philion also highlighted yield generation as an important use case. Through Flare, users can deposit XRP as collateral to borrow stablecoins. They can then deploy those stablecoins into other markets that offer returns.
This approach allows users to earn yield while still maintaining exposure to their XRP holdings.
Flare has also integrated wallet features that let users manage XRP on Flare directly from the XRP Ledger. Philion said this creates a smoother experience between the two networks.
Privacy May Drive Institutional Adoption Looking ahead, Philion discussed a new initiative called Flare Confidential Compute.
The system operates outside the blockchain and uses trusted execution environments to verify confidential computations. It is designed for applications that require significant computing power, such as AI models and continuous risk-monitoring systems.
Philion believes privacy will be an important requirement for institutional participation in blockchain networks. He previously noted that FXRP surpassed 100 million in supply solely through retail, without institutional participation.
Flare Sees Growth Potential in Tokenized Assets Philion said Flare’s technology significantly expands the capabilities of Ripple and the XRP Ledger, especially in the real-world asset (RWA) sector.
He noted that once RWAs are issued on blockchain networks, Flare’s interoperability and smart contract tools can unlock additional functionality for those assets.
According to Philion, this could become a major growth area for both Flare and the XRP ecosystem as demand for blockchain utility continues to increase.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP holders are among some of the most fanatical and enthusiastic cryptocurrency users around, but until recently the rise of decentralized finance has left them behind. However, with the launch of Flare Smart Accounts earlier this year, XRP native yields have exploded beyond what anyone could have imagined just a few months earlier.
For years, XRP’s ecosystem was largely left on the DeFi sidelines. While it has long held massive amounts of liquidity, much of that capital has been sitting idle, with XRP fanatics seemingly content to wait for the cryptocurrency’s long-promised potential to be fulfilled. The reason is that Ripple’s blockchain ecosystem has always been siloed from the broader crypto economy due to its focus on fast, low-cost institutional payments, which came at the expense of developing the complex smart contracts needed for lending, borrowing and yield generation.
Flare Network’s intervention has therefore proven to be a game-changer. By introducing a streamlined bridging experience to XRP holders, it has driven massive growth in XRP-based yield generation, underscoring not only the demand for DeFi among Ripple’s fanbase, but also the potential for decentralized networks to enhance financial opportunities.
How did Flare unlock XRP’s DeFi potential? If we’re to understand what’s driving the newfound appetite for yield among XRP holders, it’s necessary to look at what Flare Network has done. Flare is an EVM-compatible blockchain that provides oracle-like capabilities. It’s focused on expanding the utility of third-party blockchain networks by enabling them to securely access off-chain data in a decentralized way. By utilizing native protocols such as the Flare Data Connector, it acts as a bridge between isolated blockchain ecosystems and the real-world, relaying information between them.
This is what makes it so useful for the XRP ecosystem. Flare’s integration is centered on an ERC-20 token called FXRP, which is a kind of FAsset that represents native XRP within the broader Ethereum ecosystem. It’s an overcollateralized asset that’s similar to something like “Wrapped Bitcoin,” and provides a way for XRP token holders to explore the broader DeFi economy without having to sell their holdings.
Instead of using trusted third-party custodians, FXRP is backed by Flare’s FAssets system, which uses Flare’s data proofs to verify XRP ledger transactions. It makes it possible for XRP to function on any EVM-compatible blockchain, unlocking access to lending protocols, yield-bearing vaults, liquidity pools and other yield-generating opportunities, with users able to cash out and redeem their native XRP at any moment.
The real catalyst for XRP’s 2026 yield tsunami wasn’t FXRP itself, but a newer innovation called Flare Smart Accounts or FSAs, which dramatically simplified the process of exchanging XRP to FXRP and jumping into the DeFi ecosystem.
Thanks to its native integrations with XRP wallets like Xaman and D’CENT, the user experience is much simpler. Before FSAs, XRP holders looking to earn DeFi yield had to be pretty sophisticated crypto users. They’d need to create an EVM wallet, generate and secure a seed phrase for it, then acquire the native tokens of that wallet so they could pay transaction fees. Once ready, they’d then have to navigate complex bridging interfaces to swap their XRP for FXRP tokens.
With FSAs, most of that friction disappears. FSAs are an example of an intents-based solution. The user simply makes clear their intent – such as to send XRP to a specific DeFi protocol, such as Uniswap. The FSA understands what they’re trying to accomplish, and abstracts away all of the complexity involved in the above process. So when a user confirms a transaction, the proof is verified by the Flare State Connector, and their corresponding smart account automatically executes all of the steps involved to achieve the desired result.
In this way, FSA allows XRP holders to directly access institutional-grade yields within Flare’s DeFi ecosystem, with zero hassles like before. There’s no need to set up and secure a new wallet, no new blockchains to navigate and no need to stock up on the other network’s native gas token. Best of all, the user always retains full self-custody of their funds, with their FXRP anchored to the original XRP ledger.
A deluge of FXRP deposits The ability for XRP holders to easily tap into rewards-generating DeFi has been extremely well received, with an explosion of activity and FXRP yield generation in the last few months.
Flare’s integration has demonstrated an enormous appetite for XRP users for DeFi, with the total amount of FXRP tokens deployed in various decentralized protocols increasing by 70%, from 85 million to more than 143 million, since the launch of smart accounts in February. Even more impressive, there are 38 million XRP tokens now generating yield via Flare’s Xaman and D’CENT wallet integrations. With those wallets, users can now start earning rewards on their XRP with just a couple of clicks.
— Flare ☀️ (@FlareNetworks) June 10, 2026 D’CENT’s integration has proven to be the main driver of XRP’s DeFi growth spurt. It offers users an intuitive and highly secure UI, and its users are responsible for 96% of all deposits into the Monarq XRP vaults launched at the same time as Flare’s smart accounts. In fact, the demand significantly outstripped Flare’s and Monarq’s expectations, forcing them to raise the vault’s limits from an initial 500,000 FXRP to 8.5 million just three weeks after its launch.
Access is all DeFi needs Flare’s experiment has uncovered a huge enthusiasm for DeFi within the XRP community. While many had assumed that Ripple fanatics were satisfied with just slowly increasing their stacks of XRP, the reality is that many were simply unwilling to navigate the complexity required to bridge their tokens to DeFi-focused blockchains. With Flare finally breaking down the cross-chain interoperability barrier between XRP and the EVM ecosystem with a simple, intents-based alternative that lives within their existing wallets, users have flocked to invest their assets.
The success of this initiative also highlights the vast potential that increased blockchain interoperability can unlock. To achieve true interoperability, it’s not enough to just wrap tokens and move them from one ecosystem to another. It’s necessary to obscure the underlying infrastructure and fiddly smart contract interactions altogether – so that all users have to do is click to deploy. When users no longer even need to care about what network their tokens are living on, a deluge of DeFi adoption is likely to follow. After all, who doesn’t want to put their hard-earned capital to use making a passive income?
Flare Smart Accounts have proven to be a game-changer for XRP’s utility, paving the way for the massive liquidity locked up in the industry’s fifth most valuable token to invest in programmable finance. It’s yet another proofpoint that the more the blockchain industry does to eliminate user friction, the faster it will grow.
Flare CEO Hugo Philion recently appeared on the Onchain Economy, where he explained how Flare is working to expand XRP utility through FXRP.
Commenting, XRP community figure Bank suggested that the Flare co-founder had essentially described what he believes is the “endgame” for XRP holders.
Flare’s Plan to Expand XRP Utility In the discussion, Philion said his focus is particularly on increasing XRP’s utility through Flare’s work, further encouraging more developers to build new applications around XRP to bring in value.
He explained that Flare adds smart contract capability to the XRP Ledger and improves interoperability between blockchains. According to him, Flare is a Layer 1 network built mainly around data.
$XRP utility is continuously expanding.
On this episode of Onchain Economy, @HugoPhilion, Co-Founder and CEO of @FlareNetworks, explains how Flare is expanding what’s possible for $XRP through interoperability.
By bringing XRP into a smart contract environment, Flare enables… pic.twitter.com/U8d9JM2t36
— RippleX (@RippleXDev) June 16, 2026
The Flare CEO noted that data infrastructure was the key innovation behind the network, noting that they designed Flare to support better communication and interaction between different systems.
To make this possible, Flare created FXRP, which connects the XRP Ledger to the Flare network. This bridge allows XRP to move into a smart contract environment where it can be used in decentralized applications instead of remaining only on its native ledger.
FXRP and New Uses for XRP in DeFi Philion shared how FXRP generates new financial uses for XRP holders. Notably, once XRP is moved into the Flare ecosystem, users can use it as collateral in lending and borrowing systems. This includes borrowing stablecoins and, in some cases, other assets such as commodities like gold.
He also explained that users can take the borrowed assets and deploy them into other markets that generate yield. This means XRP holders can earn income while still keeping exposure to their original XRP holdings.
Philion added that Flare has also built wallet integrations that let users manage XRP on Flare directly from the XRP Ledger, allowing market participants to move and control assets more smoothly across both systems without giving up custody of their original XRP.
Confidential Computing and Focus on Institutions Speaking further, the Flare CEO also discussed future upgrades, especially Flare Confidential Compute. He called it an extra layer that sits outside the main Flare blockchain but relies on Trusted Execution Environments to confirm what happens inside it.
They designed the system to support heavy applications that blockchains normally struggle with, such as AI models. He also mentioned that Flare is working on continuous AI monitoring and risk tools that can detect problems and respond when needed.
According to him, large institutions will only fully enter decentralized finance if strong privacy features exist. As a result, privacy and secure computation are basic requirements for institutional participation.
Philion further said that Flare increases what Ripple and the XRP Ledger can do with tokenized real-world assets once they are issued on-chain. To him, this creates a major growth area that benefits both Flare and the XRP ecosystem.
FXRP Launch and Early Growth FXRP officially launched on Flare mainnet last September as the first FAsset under version 1.2.
Notably, demand was very strong from the start. The first cap of 5 million FXRP was filled in three hours. After that, the limit was increased to 15 million FXRP, and this second allocation also filled quickly.
Shortly after launch, the Xaman wallet added support for FXRP. This allowed users to mint FXRP directly from XRP Ledger wallets and marked the first stage of Flare’s plan for smoother cross-chain access.
FXRP continued to grow in the months after launch. By late October 2025, about $86.2 million worth of XRP had been bridged after more than 15 million XRP was moved over a single weekend. This pushed Flare to become the largest EVM-based DeFi ecosystem for XRP.
Flare’s liquid staking platform, Firelight, launched its first phase in December 2025. Its initial cap of 25 million FXRP filled quickly, and by around April 2026, staked XRP (stXRP) passed 50 million.
At press time, Flare hosts about 153.8 million XRP worth $180 million in its FXRP ecosystem, with up to $73.43 million staked in Firelight.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
TLDRXRP Holders Gain New Utility Through FXRPFlare Targets Institutional Access and Expands XRP EcosystemFXRP Adoption Continues to Grow Across FlareGet 3 Free Stock Ebooks Flare CEO Hugo Philion outlined how FXRP expands XRP utility beyond the XRP Ledger. FXRP allows XRP holders to access DeFi services, including lending and borrowing. Users can use XRP as collateral while maintaining exposure to their original holdings. Flare’s infrastructure adds smart contract functionality and cross-chain interoperability for XRP. Philion said privacy and secure computation are essential for institutional DeFi participation. Flare CEO Hugo Philion outlined how Flare aims to expand XRP utility through FXRP and decentralized finance. During a recent interview, he explained how Flare connects XRP to smart contract applications and cross-chain services. Meanwhile, XRP community figure Bank described Philion’s comments as what he sees as the “endgame” for XRP holders.
XRP Holders Gain New Utility Through FXRP Philion said Flare focuses on increasing XRP utility and attracting developers to build new applications. He explained that Flare adds smart contract functionality to the XRP Ledger and improves blockchain interoperability.
@FlareNetworks 's CEO basically just spelled out the endgame for XRP holders 👀
FXRP bridges your XRP straight into a full smart contract environment use it as collateral, borrow stables against it, then put those stables to work for yield. Your XRP isn't just sitting there… pic.twitter.com/2y6bKacBAa
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) June 17, 2026
He described Flare as a Layer 1 network centered on data infrastructure. According to Philion, the network enables stronger communication between different blockchain systems and applications.
To support that goal, Flare created FXRP as a bridge between XRP Ledger and Flare. The bridge allows XRP to enter a smart contract environment while remaining connected to its native ecosystem.
Philion explained that FXRP creates new financial options for XRP users. Once XRP enters Flare, users can use it as collateral across lending and borrowing platforms.
He said users can borrow stablecoins and other assets, including tokenized commodities such as gold. They can then deploy those borrowed assets into yield-generating markets while keeping XRP exposure.
Philion also highlighted wallet integrations that connect XRP Ledger and Flare. These tools allow users to manage assets across both networks without surrendering custody of XRP.
Flare Targets Institutional Access and Expands XRP Ecosystem Philion also discussed Flare Confidential Compute and future infrastructure plans. He described it as an external layer that works alongside the Flare blockchain.
According to Philion, the system relies on Trusted Execution Environments for verification. He said the technology supports demanding workloads that traditional blockchains struggle to process.
He cited artificial intelligence applications as one example of those workloads. He also said Flare is developing AI monitoring systems and risk management tools.
Philion stated that institutions require strong privacy features before entering decentralized finance. He said privacy and secure computation remain requirements for broader institutional participation.
The Flare executive also connected the project to tokenized real-world assets. He said Flare expands the capabilities of Ripple and the XRP Ledger once assets move on-chain.
Philion stated, “Flare increases what Ripple and the XRP Ledger can do with tokenized real-world assets.” He added that this area represents a major growth opportunity for both ecosystems.
FXRP Adoption Continues to Grow Across Flare FXRP launched on Flare mainnet in September 2025 as the first FAsset under version 1.2. Demand arrived quickly, and the initial 5 million FXRP allocation filled within three hours.
Flare later increased the cap to 15 million FXRP, and users filled that allocation rapidly. Shortly afterward, Xaman added FXRP support for XRP Ledger wallets. The integration allowed users to mint FXRP directly from XRP Ledger accounts. As a result, Flare advanced its cross-chain access strategy for XRP users.
By October 2025, users had bridged about $86.2 million worth of XRP into Flare. More than 15 million XRP moved across the bridge during a single weekend. Firelight, Flare’s liquid staking platform, launched its first phase in December 2025. Its initial 25 million FXRP capacity filled quickly after launch.
By April 2026, staked XRP on Firelight exceeded 50 million. Current ecosystem data shows 153.8 million XRP, worth about $180 million, inside FXRP. Firelight currently holds up to $73.43 million in staked assets. These figures represent the latest reported metrics from the Flare ecosystem.
Bitcoin and crypto market twist has brought unexpected changes to almost all assets. Prices have been declining with little or no hope for a reversal. The FTX exchange fiasco intensified the performance as several losses have been recorded in the entire crypto space.
Following the events, the price of Bitcoin dipped below its critical resistance level of $20K. Since then, the primary cryptocurrency has plummeted as the value slipped toward the $17K region.
Over the past 24 hours, BTC could not make any significant positive movement. Hence, the token has resolved to consolidate around the $17K level. But many doubts are brewing if a storm could follow this new calmness in the future.
Bitcoin Calms Around $17K Bitcoin has failed to trigger enough volatility that could push the price higher. The cryptocurrency has stalled around the $17K level during some trading hours. As of yesterday, BTC managed to hit up to $17,424. But the surge couldn’t last long as the bears suddenly took over.
According to data from Binance, the primary crypto dropped to an intraday low of $16,867. However, the coin is gradually climbing upward. At the press time, Bitcoin is trading at around $16,835, indicating a drop. It boasts a market cap of about $326.81 billion, and its dominance over the altcoin is at 38.33%.
Bitcoin price fails to surge above $17,000 l BTCUSDT on Tradingview. com Over the years, several interpretations for prolonged periods of reduced volatility have been given. One such is that it stands as a precursor toward a massive surge. Hence, the speculation on Bitcoin’s current consolidation could represent the calm before the storm.
Altcoins In Red Zone The crypto market has experienced an overall drop as prices keep dropping. With the strong presence of the bears, the altcoins have painted the market red. This declining trend has cut down the overall market cap more.
At the time of writing, the cumulative market cap sits at $853.33 billion. It shows a drop of about 1.39% over the past 24 hours.
The performance of the altcoin has not been impressive. Most recorded a decline between 2% and 6% over the last day.
The worse performers over the past day are BTSE Token and GMX. While the former dipped by 8.3%, the latter plummeted by over 7.2 % within 24 hours.
Other losers include ETH with a 3.41% drop, DOGE dipped by 6.47%, XRP by 2,57%, BNB by 2.38%, MATIC by 3.17%, ADA by 3.11%, and others.
However, the market saw just a few exceptions to the southward move. The best performers are Axie Infinity’s AXS and Synthetix Network’s SNX. While AXS surged by 4.4%, SNX recorded an increase of 5.4% in the last 24 hours.
Featured image from Pixabay, chart from TradingView.com
Industry experts argue that recent crypto ETF outflows reflect a maturing market rather than fading interest in digital assets.
A Different ‘Crypto Winter‘Speaking on CNBC’s ETF Edge on June 16, CoinDesk Indices President David LaValle noted that the recent selloff and roughly $3 billion in outflows from Bitcoin exchange-traded products have led some investors to question the future of crypto.
However, he argued that ETF flows are behaving similarly to those seen in traditional asset classes. "They are serving both buy-and-hold investors and institutional holders."
LaValle described the current downturn as a different type of crypto winter compared with previous cycles.
"This crypto winter is more about when do I get back in, as opposed to whether there is a future," he said.
Vetify Director of Research Todd Rosenbluth noted that many investors continued holding Bitcoin ETFs despite the market correction.
The iShares Bitcoin Trust ETF (NASDAQ:IBIT) recently remained in net inflow territory despite BTC decline earlier this year.
The NEOS Bitcoin High Income ETF (BATS:BTCI) attracted roughly $500 million of inflows this year through last week, making it one of the most popular Bitcoin-linked ETFs in 2026.
Over the past week, BTC and ETH have gained around 7% while SOL is trading 13% higher.
Adoption Still In Early InningsLaValle argued that Bitcoin ETF adoption remains surprisingly early despite spot Bitcoin ETFs being available for more than two years.
He noted that many large advisory platforms and model portfolios have yet to fully incorporate Bitcoin products.
As an example, he pointed to Morgan Stanley’s recently launched Bitcoin ETF offering, which gathered more than $250 million in assets despite entering the market after several established competitors.
"It’s super early," LaValle said.
Besides BTC and ETH, he also highlighted SOL as a network attracting growing developer activity and institutional attention, while noting that future crypto investing may increasingly focus on utility and real-world applications rather than purely speculative trading.
"We do not yet know what the application of crypto is going to be," he said.
Image: Shutterstock
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After the release of version 3.2.0 of the XRP Ledger core server software “xrpld,” the community has noted a number of issues. The update, which was released on June 15, added performance enhancements, memory optimizations, and security improvements. The most important update was that it renamed the server software as “xrpld” from “rippled.”
Developers Report Bugs On XRP Ledger v3.2.0 The XRP Ledger update was supposed to be a performance improvement and a memory reduction. However, it has already caused some problems for some developers and memory usage concerns for some operators in the project’s GitHub repository.
One of the most significant reports was an operator of nodes who reported that “xrpld” version 3.2.0 had failed to sync with the network. The software continues to be in a “connected” server state and would not have downloaded any ledger data even though the same machine was able to sync when using version 3.1.3, the issue report states. The issue was posted on June 18 and is still pending.
Another bug report came in shortly after release saying that configuration files with inline comments might cause the server to crash when it tries to parse them, which was determined to be a “BadLexicalCast” error. The report indicated that it was the legacy configuration parser that did not succeed in removing comments from some areas containing single value, which resulted in unexpected failures.
The GitHub issue tracker also lists some open bug reports on XRP Ledger that were reported within a few days of the release. These include peer communication issues, resource charging rules, message parsing policies, message compression, consensus-related routing rules, and amendment processing. Project maintainers classified many of the issues as bugs and triaged them.
Other Flaws On The Network In addition to the synchronization and configuration parser problems, node operators detected other bugs in the main server software. XRP Ledger developers reported a transaction relay calculation flaw that can cause transactions to be under-relayed to peers.
Moreover, they spotted a resource charging mechanism that only tracks the highest fee and discards previous fees. It also includes a validator list distribution issue, which sends validator information only to inbound peers, excluding outbound peers.
They also flagged risks of unsigned integer overflow during ledger sequence validation. The XRP Ledger members also saw potential inconsistencies in routing flags for transactions and broken nodes’ ID for proposals linked to ephemeral keys.
Further, they highlighted holes in the logic of ledger tracking that can leave nodes in an unknown state for an indefinite period of time. Some of these have been classified as bugs and are still to be reviewed by maintainers.
The reports have come despite hopes that the June 15 upgrade would actually bring some real improvements in performance. Prior to the launch, community conversations had resounded with the expected 30% to 40% memory usage reduction along with other general code optimizations and fixes.
The XRP Ledger Foundation and its contributors are ongoing with reviewing reported issues via the open source development process. There are no reported bugs that cause network-wide disruption as of this writing, and the issue or issues are still being investigated on their project’s GitHub repository. Currently, 26% nodes have been upgraded on the network.
For those looking for decentralized futures trading, visit our page on Perp DEXs.
As XRP stabilizes around $2.70 and the broader crypto market catches its breath, a wave of smaller altcoins is stealing the spotlight, led by a 95.3% surge in Kyber Network Crystal (KNC).
Kyber Network’s explosive rally follows the late-May launch of its crosschain platform, with CEO Victor Tran touting the team’s long-term resilience and development consistency. The altcoin’s breakout underscores a broader trend of niche tokens outperforming in a sideways market, with Altcoin and meme token Kori also seeing triple-digit gains over the past week.
But while some projects cite platform launches and teasers as catalysts, others appear to ride on hype alone—raising questions about sustainability as traders chase momentum.
‘Everyone keeps working hard‘ Kyber Network Crystal, over the last 24 hours, reached $0.6118 from a low of $0.3131. The surge comes months after Kyber Network launched its KyberSwap Crosschain platform in late May.
Tran took to X to address the token’s notable performance. He also posted a screenshot of the surge alongside a message emphasizing the team’s dedication.
KNC 24H price chart from CoinGecko “Nothing changed, everyone keeps working hard as we have been for 8 years. We want to prove OG teams will win in the long run. @KyberNetwork”
This statement appears to position Kyber Network as a veteran project that has weathered multiple market cycles. He also suggested that sustained development and team commitment are finally being recognized by the market.
Second on the top gainers list is Altcoin which has surged 86.8% over the past 24 hours, reaching $0.08106 from $0.03835. The project has also posted a cryptic announcement teasing developments for next week.
ALT 24H price chart from CoinGecko While details remain scarce, such forward-looking statements often drive speculative buying as traders position ahead of potential news.
However, ALT has faced technical issues with price tracking. The project’s X account addressed concerns about incorrect price displays: “Hey coingecko, please correct the price for $ALT on your platform. You’re displaying the price of the wrong ALT token, which is completely unrelated to us and it’s impacting the community.”
Third on the list is Kori, which has climbed 68.5% in the last 24 hours, trading at $0.04098 from $0.02285. The meme coin has shown remarkable longer-term performance, surging over 1,600% in the last 30 days and 485% in the past week.
KORI 24H price chart Despite the price action, there haven’t been any notable developments from the project that would explain such massive gains. The token has been trending on X, which appears to be the primary driver behind its momentum.
The current altcoin surge occurs against a backdrop of market stabilization. XRP (XRP) has cooled down from its recent rally and is now trading in the $2.7 range, while Solana (SOL) maintains its position around $160.
However, traders should approach these high-flying tokens with caution. While KNC has clear catalysts in the form of product launches and team statements, tokens like KORI appear to be driven primarily by social media hype without fundamental backing.
After falling by over 8% from the local top at $8,460, Bitcoin (BTC) has started to mount a comeback over the past few hours. The cryptocurrency, since hitting prices just under $7,700 earlier today, is now trading around $8,100, seemingly trying to retake the key $8,000 support region, which has been of historical relevance.
(This surge comes shortly after Elon Musk — yes, the Elon Musk that runs SpaceX and Tesla and also co-founded PayPal and a bajillion other companies — mentioned Bitcoin on Twitter. More information on that can be found at this link. We’re not saying this is correlated, but it is somewhat eerie.)
Related Reading: Analysts Think Ripple’s (XRP) Price Chart is “Absolute Trash”: Here’s Why While this move is recent, what are analysts thinking of this latest move in the BTC price? Do they expect it to have a wider effect on the crypto market’s trajectory?
What’s Next for Bitcoin After Move Back to $8,000 While not an entirely explosive move higher, the bounce from the $7,700 region is notable. Prominent cryptocurrency trader Josh Rager noted that Bitcoin “bounced and closed at support,” as marked on his chart.
This means that the “price doesn’t look bad [as it] held where it needed [to],” before adding that the recent close sets the stage for a tight Bitcoin range to form between $7,700 and $8,400, which could be a precursor to an explosion high ahead of Bitcoin’s May 2020 block reward reduction.
Prominent Bitcoin trader Storm noted that according to a key trend indicator on the four-hour BTC chart, bulls remain in control (as of 20 hours ago), adding that he thinks it’s thus worth buying the cryptocurrency between $7,700 to $7,900 to factor in the potential upside.
Very nice 4H trend change on the accATR, definitely worth picking up spot 7700-7900 pic.twitter.com/hSLPM7iQtg
— storm (@stormXBT) January 9, 2020
It appears that a number of key indicators remain bullish as well, seemingly signifying that the recent 8% drop was a to-be-expected correction after a dramatic surge higher.
Price Needs to Retake $7,870 on Weekly Basis Sure, the daily outlook for Bitcoin is starting to look positive again. Though, prominent trader HornHairs has noted that the cryptocurrency will need to close above $7,870 on Sunday (the weekly candle close), or else he will expect a dramatic ~25% move down to $6,000, for that close would confirm that BTC was trading in a clear macro bull trap.
$BTC
We got the breakout, which was a good start, but as the weekly chart stands, it looks like a bull trap.
If we close below $7870 on Sunday, my expectations will be a move down to $6k. Very important next few days. Nothing conclusive until Sunday. pic.twitter.com/9V4Gia3b4n
— HornHairs 🌊 (@CryptoHornHairs) January 9, 2020
Related Reading: A Big Plunge to Sub-$100 for Ethereum Is Imminent If This Happens Featured Image from Shutterstock
Quick Answer: XRP is trading at $1.17 on June 18, 2026, down 2.52% as the post-FOMC selloff continues. The defining XRP news this week is legislative: the CLARITY Act cleared the Senate Banking Committee 15-9 in May and has been placed on the Senate floor legislative calendar on June 1 — meaning a full Senate vote can happen at any time. Polymarket prices 2026 passage at 72%. If the bill passes before the July 4 target set by the White House, XRP’s digital commodity status becomes permanent federal law — a classification that no future administration can reverse with a memo. Standard Chartered and JPMorgan both project $4–8 billion in XRP ETF inflows under that scenario, three to six times the $1.44 billion accumulated to date. XRP exchange reserves have fallen to a 7-year low of 1.6 billion tokens. Whale wallets holding 10M+ XRP now control 68.5% of circulating supply — the highest concentration since May 2018.
Key Takeaways
CLARITY Act is on the Senate floor legislative calendar — a full Senate vote can now happen at any time, with the White House targeting July 4 signing The bill cleared Senate Banking Committee 15-9 in May, with all 13 Republicans voting yes after Sen. John Kennedy committed his support — the bipartisan vote was cleaner than feared XRP exchange reserves at a 7-year low of 1.6 billion tokens — 50% below the October 2025 peak of 3.76 billion, compressing available sell-side liquidity to multi-year lows RLUSD reached $1.7B market cap, ranking as the 8th-largest stablecoin globally — Mastercard added RLUSD to its 24/7 settlement network on June 3; Ripple is pursuing a Federal Reserve master account Post-FOMC pressure is the dominant short-term headwind: hawkish dot plot (9 Fed members projecting hike) outweighs XRP-specific positives in the near term — but the structural setup has rarely been this clean XRP Price Today: $1.17, Absorbing FOMC Hawkishness XRP is at $1.17 on June 18, down 2.52% with a market cap of $73.02 billion and 24-hour volume of $1.91 billion — up 14%. Of the 100 billion maximum supply, 62.05 billion circulate across 535,830 holders. Fully diluted valuation is $117.68 billion.
Today’s move is entirely macro-driven. Yesterday’s FOMC dot plot — 9 of 18 members projecting a rate hike by year-end, PCE revised to 3.6% — reset rate expectations across all risk assets. XRP is not immune to that. But what separates XRP from most assets in the current environment is the independence of its primary catalyst: the CLARITY Act moves on legislative, not monetary, logic.
The SEC case against Ripple concluded in August 2025 with a joint dismissal of appeals, confirming XRP is not a security when sold on public exchanges. Ripple paid a reduced $50 million penalty with $75 million returned as part of the settlement. Both the SEC and CFTC currently view XRP as a digital commodity, but that classification has not been written into law. An executive agency classification can be reversed by the next administration with a memo. A statute cannot. The CLARITY Act changes that permanently.
Key levels:
Resistance: $1.20 (psychological), then $1.28–$1.30 (June 15 high) Support: $1.10 (critical), then $1.00 (psychological floor) The CLARITY Act: Where It Stands Right Now The CLARITY Act was officially added to the Senate legislative calendar on June 1, after clearing the Senate Banking Committee. The next step is a full Senate vote, after which it will be sent to President Trump for signing.
The CLARITY Act passed the House 294 to 134 and cleared the Senate Banking Committee 15 to 9. The Senate floor vote is the decisive gate. The bill needs 60 votes to clear the filibuster — meaning at least 7 Democrats must cross over. The committee vote passed 15-9 with some bipartisan support, which is the baseline Democrats need to replicate on the floor.
Why 60 votes matters: The Senate has 53 Republicans. A 60-vote threshold requires 7 Democrats. The senators to watch are Warner and Cortez Masto — those votes are the hardest part of getting to 60. The Reed stablecoin amendment that nearly derailed the committee markup was defeated, keeping the bipartisan compromise language intact — a positive signal for floor vote prospects.
Prediction markets have priced 2026 signing odds around 72%. The White House has set a July 4 signing target. Senate floor time between now and July 4 is limited — the bill needs to be scheduled and voted before the Independence Day recess.
What passage does for XRP specifically: A clear commodity classification removes listing hesitancy. Exchanges that stayed cautious during the legal fight could deepen XRP support, tightening spreads and improving liquidity. Institutions need regulatory certainty before allocating. Clear rules strengthen the case for more XRP ETF products and larger inflows, building on the spot ETFs already live.
The Supply Story: Exchange Reserves at 7-Year Lows XRP exchange reserves fell to a 7-year low of 1.6 billion tokens this year, a 50% drop from October 2025’s 3.76 billion peak, compressing sell-side liquidity to multi-year lows.
This is one of the most consequential structural developments for XRP’s price setup. When exchange reserves fall this sharply, the coins leaving exchanges are going to private custody — not being sold. The implication: the supply available for large sell orders on exchanges is structurally thinner than at any point in seven years.
The number of wallets holding 10,000 or more XRP has hit an all-time high of 332,230. The millionaire tier — wallets holding over one million XRP — added 42 new addresses since January and accumulated 1.2 billion tokens in Q1 alone, the heaviest quarterly accumulation since 2023. Mega whale wallets holding 10 million or more XRP now control approximately 45.83 billion tokens, representing 68.5% of circulating supply — the highest concentration since May 2018.
The mechanism: when 68.5% of supply is controlled by conviction holders who are actively accumulating, and exchange reserves are at 7-year lows, even moderate institutional buying pressure produces outsized price moves. The float is thin. The buyers are patient. The catalyst — CLARITY Act — is binary and approaching.
RLUSD and ODL: The Utility Case Strengthening Independently While the CLARITY Act is the legislative catalyst, Ripple’s on-chain infrastructure has been strengthening independently in June 2026.
RLUSD has grown to approximately $1.7 billion in market cap, ranking as the eighth-largest stablecoin globally and live across more than 40 networks. On June 3, Mastercard added RLUSD to its 24/7 on-chain settlement network alongside USDC and PYUSD.
Ripple is also pursuing a Federal Reserve master account, a process currently paused until end of 2026. A Fed master account would allow Ripple to settle transactions directly with the Federal Reserve’s payment system — removing commercial bank intermediaries and dramatically reducing the cost of ODL corridor transactions. It is potentially the most significant operational milestone in Ripple’s history, but it is a 2027 story at the earliest.
Ripple, JPMorgan, Mastercard, and Ondo Finance completed a live cross-border tokenized US Treasury settlement on the XRP Ledger that finalized in under five seconds. This is not speculative — it is a completed transaction by the largest financial institutions in the world, settling real assets on Ripple’s infrastructure. The XRPL’s real-world asset capabilities are being validated in production, not just theory.
Price Scenarios: What CLARITY Act Means in Dollar Terms From around $1.17 where XRP trades now, the key scenarios are: a failed Senate vote points back toward the $0.80–$1.00 range; passage near the recess supports a re-rating to $1.60–$2.20; and passage plus renewed ETF inflows and a softer Fed opens up the $2.50–$3.50 price range.
Standard Chartered projected $4 billion to $8 billion in cumulative XRP ETF inflows by year-end if the bill passes. With flows of such volume, XRP would most likely break the current resistance, retest its 200-day moving average at $1.80, and have the runway to push toward higher targets like $3–5 by late 2026.
The bear case: If Tim Scott doesn’t schedule the markup before Memorial Day recess on May 21, or if the markup happens but Republicans can’t unify the committee vote, the bill will most likely be shelved until 2030. That deadline has now passed — the committee vote cleared 15-9. The next hard deadline is the July 4 recess. If the Senate floor vote does not happen before July 4, the next viable legislative window is after the November 2026 midterms.
For context on the current macro environment affecting all crypto assets, see our daily market update for June 18.
ETF Flows: $1.44 Billion, UBS and Bank of America Positioned US spot XRP ETFs have accumulated $1.44 billion in cumulative net inflows since their November 2025 launch across seven products. May 2026 was the strongest single month with $132 million. UBS and Bank of America took first-time XRP ETF stakes in May — the first tier-1 global banks to allocate directly to XRP products. Goldman Sachs allocated $154 million in Q1 2026.
Some of that CLARITY Act move may already be in the price, because the market has watched this bill advance for months. So the real question is not whether clarity helps XRP, but how much of the waiting money actually moves once the bill is law, and how much already has.
The honest assessment: the ETF bid is real and growing. The question of how much is already priced is legitimate. What is not priced is the pension fund and sovereign wealth fund allocation tier — those institutional buyers legally cannot allocate under agency guidance. They need a statute. The CLARITY Act is that statute.
Track real-time XRP ETF flows at SoSoValue.
Where to Buy XRP Binance — world’s largest exchange by volume, deep XRP/USDT liquidity, RLUSD trading pairs available.
Coinbase — US-regulated, XRP available for spot purchase with insured custody.
Kraken — established 2011, competitive XRP fees and strong security record.
This article does not constitute financial advice. Cryptocurrency markets are volatile. Always conduct independent research before making investment decisions.
Some of the most popular companies in the cryptoeconomy have banded together to create an organization that will assess and rate top cryptocurrency projects on the likelihood of these projects being securities per U.S. federal securities laws.
That organization, the Crypto Rating Council (CRC), counts exchange operators like Bittrex, Coinbase, Kraken, and Poloniex-backers Circle among its first members, as well as the firms of Anchorage, DRW Cumberland, Genesis, and Grayscale Investments.
So why the need for such a body?
The so-called Howey Test, which is a test devised by the U.S. Supreme Court to determine if a given asset is a security, commonly leads to “judgment calls, inconsistent results, and … disagreement among legal experts,” the CRC said on the Frequently Asked Questions section of its new website.
Accordingly, the organization’s rating system — which runs from 1 to 5, with 5 indicating an asset bears the hallmarks of a security and 1 meaning the opposite — is being hailed by members as a “compliance tool” that will help bring consistency to their respective asset review processes.
Founded by prominent companies across the crypto industry, our mission is to lead crypto financial services firms committed to practical compliance with the U.S. securities laws. We are the Crypto Rating Council, and we launched today: https://t.co/FbdwfSZN9D
— Crypto Rating Council (@CRC_Crypto) September 30, 2019
“The CRC will publish a simple rating for most assets it reviews to indicate the results of its analysis as a reference for operators, developers, and the public,” the organization said.
With that said, the ratings are utterly non-binding and have been made without involvement from the U.S. Securities and Exchange Commission (SEC). So, while clarity is the professed goal, the only thing the CRC has ultimately made more clear is what its members think about the legal status of top cryptocurrencies in America.
“The score does not reflect a legal conclusion and is no indication of qualitative value of an asset or suitability for investment or any other purpose,” the CRC said of its ratings.
How the First Scores Look Don’t expect any surprises when it comes to bitcoin (BTC). The oldest cryptocurrency, which has long been held up by various stakeholders as a standard for decentralized projects, received a 1 rating from the CRC.
Other projects the body deemed to have “few or no characteristics consistent with treatment as a security” included DeFi’s darling Dai stablecoin, the popular Monero (XMR) privacy cryptocurrency, and Litecoin (LTC).
The 2 rating was given to the next rung of projects that the CRC deemed to seem mostly decentralized according to its framework. These projects included Ethereum (ETH), Zcash (ZEC), Numeraire (NMR), ChainLink (LINK), and the fledgling proof-of-stake project Algorand (ALGO).
Getting on up there according to the group were projects like Augur (3.75), EOS (3.75), Stellar (3.75), Tezos (3.75), and XRP (4). The highest inaugural scores were given to Polymath (4.5) and Maker (4.5).
Notably, the SEC announced just hours after these ratings were released that Block.one, the team behind the EOS launch, had settled charges and would pay a $24 million civil penalty for its year-long ICO being an unregistered security offering.
The Commission said the securities status only applied to the “IOU” ERC20 token that was issued during the sale rather than the current EOS cryptocurrency, which lives on EOS now rather than Ethereum.
Are Exchanges Listing Securities? One question that immediately started buzzing through the ecosystem on the heels of the announcement of the CRC was why would exchanges like Coinbase take chances on assets like XRP that appear to bear considerable resemblances to a security in the U.S.?
One possibility is that the group’s members consider “security status is binary,” according to Jake Chervinsky, the General Counsel of DeFi lending project Compound Finance. In other words, anything less than a 5 rating would be fair game accordingly.
My best guess: they'd say security status is binary and as a matter of law it doesn't make a difference how close a token comes to being a security if it's ultimately not one.
On that logic, though, query the value of publishing the five-point score in the first place.
— Jake Chervinsky (@jchervinsky) September 30, 2019
But even if the already rated cryptocurrencies later end up being cleared as “not securities” per the SEC, the CRC rating system can lead to future conflicts of interest, e.g. member exchanges being charitable in their ratings because they stand to gain from trade volume.
In my opinion, this rating system creates a massive conflict of interest. All of the companies that joined this consortium are massively incentivized to rate the vast majority of tokens as non-securities. Coinbase listed some very questionable tokens including XRP, Tezos, EOS
— Larry Cermak (@lawmaster) September 30, 2019
But there’s a silver lining here, according to Blockchain chief executive officer and president Marco Santori. In a Twitter thread on the CRC announcement, Santori said the effort was suspect in some ways but was also a positive attempt at self-regulation in an industry that needs more regulatory clarity in general.
8/ So why on earth would they publish this? Why on earth should we applaud their effort?
Well, actually we should.
As an industry, this stuff is basically the best we've got.
THAT'S RIGHT ITS A TWIST
wait hear me out.
— Marco Santori (@msantoriESQ) September 30, 2019
William M. Peaster
William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster
Enosys’ Liquity will enable XRP holders to mint overcollateralized stablecoins on Flare, with mechanisms to ensure the assets maintain values close to $1.
The Web3 software development entity Enosys has introduced a new type of stablecoin loan to the interoperability layer-1 network, Flare. These loans are backed by Ripple’s native cryptocurrency, XRP.
According to a press release sent to CryptoPotato, a Collateralized Debt Position (CDP) protocol will power the loans. It will allow XRP holders to mint overcollateralized stablecoins on Flare.
First XRP-backed Stablecoin Loans on Flare Enosys explained that the XRP holdings will back the stablecoins, ensuring they maintain a value close to $1. Through this approach, XRP holders can access the value of their assets without having to sell them.
The CDP protocol to be deployed on Flare is called Liquity. Enosys claims Liquity is one of the most tried and trusted protocols in the decentralized finance (DeFi) sector. Since its launch in 2021, the network has secured billions of dollars in collateral and kept its stablecoin peg amid extreme market conditions.
One mechanism at the core of Liquity’s success is the protocol’s stability pool. The pool allows users to stake their stablecoins for yield coming from mint fees, liquidation rewards, and interests paid on loans. This mechanism makes sure the protocol can cover outstanding debt in the event of liquidation.
Enosys will release a fork of Liquity V2 on Flare, maintaining the features that made the first version trusted. The only changes made will be upgrades like protocol-incentivized liquidity, capital efficiency, and user-set borrowing rates.
Access to DeFi Yield Opportunities The alliance between Enosys and Flare will affect a select Flare-native tokens for now. They include Flare XRP (FXRP) and Wrapped Flare (wFLR). The companies intend to expand the capabilities to staked XRP (stXRP) soon, allowing Ripple holders to put their assets to work.
You may also like: XRP’s Price Could Explode to $8, But This One Zone Is Holding It Back 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M XRP’s Biggest Warning Sign Is Still Flashing Despite Easing Whale Activity Users can lock their FXRP on Flare and mint a stablecoin, which can provide liquidity and access to DeFi yield opportunities. While borrowers can set the annual percentage rate (APR) they’re willing to pay, lower rates come with a price. If the stablecoin falls below its $1 peg, loans with the lowest interest rates will be redeemed first.
“This is just the beginning. By bringing a proven model like Liquity V2 to Flare, we’re laying the foundation for stable, decentralized liquidity powered by XRP and enhanced by liquid staking,” the Enosys team stated.
Meanwhile, Enosys Loans will also be utilizing data from the Flare Time Series Oracle (FTSO) to implement decentralized collateral pricing.
According to Flare Network, there’s now a stablecoin backed with XRP running on Enosys Liquity V2. The announcement coincides with a new milestone for the XRP Ledger.
Enosys Brings Liquity V2 to Flare, Unlocking XRP Stablecoin The upgrade results in increased liquidity of XRP on the blockchain and expands its utility in the decentralized finance space. Initially, the stablecoin will be pegged to XRP on Flare (FXRP) with the Wrapped Flare token (wFLR) as collateral.
Holders can then transfer staked XRP (stXRP ) and other tokenized assets to Flare (FAssets). This system operates on the model of a Collateralized Debt Position. Thus, users have the opportunity to lock their digital assets and mint a stablecoin.
The first XRP-backed stablecoin comes to @FlareNetworks with @enosys_global Loans ☀️
→ Launching with FXRP and wFLR, then stXRP and other FAssets
→ Backed by Collateralized Debt Positions (CDPs) mechanism
→ @LiquityProtocol V2 friendly fork + Stability pools + FTSO-powered… pic.twitter.com/ehK8lbGuXl
— Flare ☀️ (@FlareNetworks) September 19, 2025
The design integrates core Liquity features, including decentralized pricing from Flare’s decentralized oracle system, known as the Flare Time Series Oracle (FTSO). The Enosys Liquity V2 is an autonomous borrowing system built on Liquidity Protocol version 2.
Liquity previously used Ethereum as collateral, but Enosys has now reworked its use on Flare with XRP. This approach has already seen adoption, with Everything Blockchain tapping Flare’s XRP DeFi framework for its crypto treasury.
Users can lock their assets in XRP and create stablecoins. This is made possible through Locked Asset Loans, Safety Funds, and Blockchain Price Feeds. Using these methods ensures that the stablecoin remains secure, transparent, and reliable.
Stablecoin Creates Greater Value as XRPL Accounts Surpass 7 Million With the introduction of this model on Flare, Enosys has launched the first on-chain debt protocol that works with XRP as collateral. The stablecoin gives XRP holders an additional use for their token.
Investors can also use their tokens to issue stablecoins instead of selling them for cash. The stablecoins generated from the XRP can be used for multiple purposes, such as payments, lending, trading, or earning interest in DeFi. The XRP Ledger is also emerging as a global settlement layer for stablecoins, strengthening its role in broader financial applications.
Such stablecoins can also be used to purchase NFTs, according to the CEO of Flare, Hugo Philion. Philion further stated that this enables the coin to be utilized in the digital economy.
The process unlocks liquidity while still allowing holders to retain long-term exposure to XRP. Participants will also gain reward Flare tokens (rFLR). This adds an incentive for adoption within the ecosystem.
The stablecoin launch comes at a time of expanding XRP network usage. Data from XRPScan shows that the number of active accounts on XRPL has crossed 7 million. This milestone highlights rising adoption across the ledger.
Enosys announced the upcoming launch of a new product called Enosys Loans, described as the first collateralized debt position protocol to leverage XRP as collateral for minting a stablecoin.
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The platform will operate on Flare, a layer-1 blockchain network that integrates smart contracts and decentralized data oracles.
Users can mint stablecoins by depositing FXRP, a wrapped version of XRP designed for use on the Flare network.
The launch reflects a broader trend of payment-focused cryptocurrencies like XRP being adapted for yield-generating DeFi activities.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Seven days. That’s the latest countdown attached to another loud crypto prediction, this time from YoungHoon Kim, the South Korean influencer who claims to hold the world’s highest IQ score at 276. According to his latest posts, June 2 is supposedly when Bitcoin will “start the fire” and XRP will “shock the world.”
That kind of language spreads fast on crypto X. So does skepticism. Kim posted on May 26 that “crypto will be insane starting in June,” placing most of the spotlight on Bitcoin and XRP. He also promoted a claimed +487% trading return for the year, which naturally grabbed attention from retail traders already hunting for the next breakout narrative.
World’s Highest IQ Claim Faces ScrutinyThe influencer says his IQ score is recognized by Official World Record and the World Memory Championships. Yet the situation gets murkier the deeper you look.
The United Sigma Intelligence Association, an organization founded by Kim himself, reportedly stated it did not conduct psychometric evaluations or officially certify the 276 score. That leaves plenty of room for doubt, especially in a market already flooded with exaggerated credentials and overnight “gurus.” And honestly, traders have seen this movie before.
Bitcoin Prediction Record Raises More QuestionsKim’s previous market calls haven’t exactly aged well. One of the latest misses came in January 2026 when he projected a $100K Bitcoin move. Instead, BTC topped near $97K before reversing bearish.
Close doesn’t count much in leveraged markets where timing is everything. That’s why the new June deadline matters less than the pattern behind it. The urgency feels more like engagement farming than genuine market analysis. Big predictions with short clocks tend to spread fast, even when accuracy doesn’t.
XRP Rally Hype Meets Harsh Risk RealityThe flashy +487% return figure also deserves context. Publicly available data ties that performance to a MyFXBook-verified forex account, not a crypto portfolio.
The same account reportedly showed a maximum drawdown above 70% alongside a Sharpe ratio near 0.21. In simpler terms, the gains appear tied to aggressive leverage rather than consistent risk management.
Meanwhile, Bitcoin and XRP crypto remain heavily influenced by macro liquidity, regulation, and institutional flows not social media countdowns.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
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World’s highest-IQ holder, YoungHoon Kim, says XRP, the 5th-largest cryptocurrency in the world, will explode this cycle. Perhaps this time, he has given his price target, stating that XRP could surge to between $5 and $10.
Meanwhile, the prediction comes as the XRP price continues to struggle near $1.34 despite ongoing ETF inflows.
Why Is YoungHoon Kim Bullish on XRP?In a recent post, YoungHoon Kim told his followers that
“My Analysis Is Final: XRP Will Reach Between $5 And $10 This Cycle.”
Just a day earlier, he said that XRP was “about to explode” this cycle, and now he came up with a price target.
If XRP reaches the lower end of that target range, the token would need to climb nearly 2.7 times from its current price near $1.34. Reaching $10 would require a gain of approximately 6.5 times from current levels.
The prediction quickly spread across the crypto community as traders searched for potential catalysts that could revive XRP’s momentum.
Traders Questioning the Prediction Backing?Not everyone is convinced. Following Kim’s post, several users on X criticized the forecast, stating that his previous XRP predictions failed multiple times.
Other traders questioned both the $10 price target and Kim’s credibility, expressing doubts about his claim of being the world’s highest-IQ record holder.
Some traders also highlighted XRP’s recent performance. The token is still down about 67% from its July 2025 all-time high of $3.66, making a move to $10 a major challenge.
From its current price near $1.34, XRP would need to surge more than 646% to reach that level.
What Happens Next for XRP?While Kim’s prediction remains speculative, several developments have strengthened XRP’s investment case in recent months.
XRP is heading into June with its strongest ETF inflow month of 2026. On May 29 alone, XRP investment products recorded $11.88 million in inflows, bringing total net inflows to approximately $1.42 billion.
For now, XRP continues trading near $1.34. Whether it can move toward Kim’s ambitious $5-$10 target will likely depend less on social media predictions and more on ETF demand, regulatory clarity, and broader crypto market conditions in the months ahead.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
After hitting its cycle high last August, the Cardano price has continued in a downward slope toward lows not seen since 2024. Despite the calls of an altseason early into May, the ADA token has erased all the gains realized at the beginning of the month. Interestingly, the current Cardano price structure suggests the altcoin may be at risk of further downside in the coming months if it closes below a significant support level in May.
ADA Price Could Fall 78% If This Support Is Broken In a May 30th post on the X platform, crypto analyst Ali Martinez revealed that the Cardano price has been hovering around a make-or-break level over the past couple of weeks. Looking at the highlighted monthly chart, the altcoin is at risk of closing the month of May below a major historical support level.
As shown in the chart below, the Cardano price has been trending within a multi-year channel formation since 2021. After reaching the upper boundary of the channel at $1.195 in early 2025, the cryptocurrency’s price has been in a steady decline, losing a significant support level around $0.544 last November.
Source: @alicharts on X Now, as Martinez identified, the next definitive floor in sight for the Cardano price is around $0.247, which has acted as major support in the past. In fact, this support level kick-started the last rally that saw the price of ADA reach $1.195.
However, the Cardano price has drifted beneath this support level over the past few days, falling to as low as $0.232. With the end of May rapidly approaching, it would be interesting to see whether the ADA candlestick eventually closes below the $0.247 floor over the next day.
Martinez wrote in the X post:
As the monthly close approaches, maintaining a position below $0.247 alters the immediate market structure, suggesting a deeper valuation phase is underway.
According to the crypto analyst, if the Cardano price sustains its close beneath this historical support level, the next “high-conviction macro targets for long-term accumulation” lie around $0.113 and $0.051. Essentially, investors could see the price drop by nearly 78% (from the current price point) if ADA remains below $0.247.
However, it is worth noting that the altcoin could bounce back to around $0.544 if this major channel support holds and demand returns to the crypto market.
Cardano Price At A Glance As of this writing, the price of ADA stands at around $0.237, reflecting an over 2% jump in the past 24 hours.
The price of ADA on the daily timeframe | Source: ADAUSDT chart on TradingView Featured image from Solodev, chart from TradingView
During the previous month, the value of Flare’s native currency, FLR, has increased by more than 165%. By including XRP as an FAsset on its Songbird testnet, the Flare network will be able to include smart functionality. An airdrop reward pool consisting of $260,000 in rFLR is being offered in order to encourage the adoption of Songbird. In preparation for the launch of the mainnet, the blockchain network Flare, which was designed specifically for data, has added XRP to the FAssets on its canary network Songbird.
FAssets is a new development by Flare that offers smart-contract capabilities for blockchains like XRP, BTC, and DOGE, which do not support smart contracts. By including XRP as an FAsset on its Songbird testnet, the Flare network will be able to include smart functionality, which will enable it to demonstrate greater DeFi capabilities.
I want Flare to provide a similar service to XRP that Babylon provides for Bitcoin. I will personally pay a grant of $500k in FLR to a group that builds a fully fledged staking service for XRP on Flare (through FXRP) using Flare’s FDC to slash stake. The purpose would be to allow…
— Hugo Philion ☀️ (@HugoPhilion) December 2, 2024 The innovative bridging method that will be used for this integration is now being tested on Songbird prior to the functionality being rolled out on Flare mainnet. Once it is released, FAssets will make it possible to create robust apps that provide improved capabilities to standard crypto assets. This will be a new door that will open.
The Flare team is of the opinion that FAssets have the potential to revolutionize the way that crypto assets such as XRP and BTC are used within the ecosystem of decentralized finance. In order to offer these tokens with the same usefulness as native smart-contract assets, Flare intends to create a decentralized system that will allow for the minting, trading, and redemption of bridged assets.
An airdrop reward pool consisting of $260,000 in rFLR is being offered by the team in order to encourage the adoption of Songbird. This reward pool will serve as an incentive for agents and collateral pool participants. It is possible to get these rewards by putting the minting, redeeming, and trading processes to the test.
Audits are now being performed on these integrations, and the findings are anticipated to be available by the middle of December.
Whopping 165% increase in Flare during the previous month During the previous month, the value of Flare’s native currency, FLR, has increased by more than 165% in anticipation of the debut of FAsset. It is the 79th biggest cryptocurrency asset, with a market valuation of $1.72 billion and $3.35 of FDV.
As of right now, the price of FLR is hovering around to the $0.033 level, and the 24 hour trading volume for the cryptocurrency is $45.16 million, as per data from Coinmarketcap. FLR reached its all-time high price of $0.0797 on January 10, 2023, marking the day it was driven by bulls.
In the event that the launch of FAssets and the dynamics of the market are favorable, FLR may come back to its prior price gains and come close to breaking to a new all-time high rate. It is anticipated that the next Altseason will bring about a significant increase in the value of a variety of low and mid cap altcoins, including FLR.
An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.
This significant event signifies the next stage in the implementation of Flare Labs’ FAssets protocol. The FAssets system handled approximately 263,000 mints, 395,000 redemptions, and over 48,000 participants during the open beta. The blockchain for data, Flare, has officially introduced FXRP (tokenized XRP) on its canary network Songbird. This significant event signifies the next stage in the implementation of Flare Labs’ FAssets protocol, which is intended to allow non-smart contract cryptocurrencies like DOGE, BTC, and XRP to interact with DeFi apps.
The FAssets system handled approximately 263,000 mints, 395,000 redemptions, and over 48,000 participants during the open beta. These tests yielded insightful information on user behavior and system performance in a range of network scenarios. Before being deployed on the Flare mainnet, FXRP’s rollout on Songbird, which follows a successful beta phase, offers a number of improved features to guarantee real-world use and security.
Now that FXRP is operational on Songbird, testing moves from virtual to real-world settings, using USDX, Flare’s US Treasury-linked stablecoin, and Songbird’s native token (SGB) as collateral. The goal of this phase is to improve system usability and resilience while accurately simulating behavior in an actual network environment. The addition of an optional “handshake” method is one of the main enhancements, allowing permissioned agents to confirm the legitimacy of addresses used for minting and redeeming.
FXRP on Songbird has a $2 million issuance limit per asset to maintain controlled liquidity, among other protections to provide a transparent and controlled testing environment. In addition, Flare Labs will cover up to $300,000 in possible losses to safeguard participants during testing.
While customers may use the minting app across many platforms to prevent dependency on a single point of access, developers are able to explore the Songbird test’s settings on the Flare Developer Hub. Participants will have the chance to get retroactive rewards throughout Songbird’s testing phase, such as a $260,000 rFLR airdrop for minting and redeeming, as well as extra incentives in SGB for trading FAssets. Each asset will undergo testing for a minimum of six weeks in order to fully assess the system.
The FAssets system is a significant advancement in connecting DeFi with cryptocurrencies such as XRP, BTC, and DOGE. Through its overcollateralization model, Flare maintains high levels of security while opening up new trading, lending, and staking options by allowing these assets to communicate with decentralized apps.
FAssets minimize trust dependencies and over-leveraging concerns by ensuring that each bridging unit is backed by larger collateral value than typical custodial solutions or multisig setups. Automated liquidation methods that preserve system integrity and safeguard users further enhance this model.
The following deployment of FAssets on the Flare mainnet is made possible by the Songbird phase. Songbird will undergo extensive testing to find edge situations and improve the system so that it operates flawlessly in every situation.
Integrating non-smart contract cryptocurrencies into DeFi markets and turning them into liquid, programmable assets that can fully engage in the decentralized economy is part of Flare’s long-term ambition. With this move, Flare is one step closer to achieving its goal of being a liquidity center for integrating assets across markets worth multi-trillion-dollar.
A crypto enthusiast. Loves to write. Gives full dedication to every task assigned. Specializes in delivering on tight deadlines. An animal lover, especially dogs.
While XRP has struggled with the rest of the crypto market, analyst EGRAG shows its linear regression model still points to bullish long-term targets.
Specifically, after a strong showing in July 2025, when it rallied by an impressive 35% to cross the $3 mark, XRP slipped into a bearish position the following months, collapsing by as much as 8.15% in August to lose the $3 mark. Despite a slight 2.55% recovery in September, XRP has maintained a downward trend since then.
Today, the crypto asset is down nearly 45% from its July 2025 peak, currently trading for $2.02, as the bears battle to flip the $2 level from support to resistance. Despite this recent downtrend, EGRAG Crypto has maintained his long-term bullish stance, as he continues to take data from chart structures.
XRP’s Interaction with the Regression Channel This time, the market analyst called attention to XRP’s long-term linear regression channel on a logarithmic scale. For the uninitiated, a linear regression channel is a trading tool that uses price data to draw a straight trend line showing the overall direction of the market.
It then places two parallel lines above and below that trend at equal distances, often based on price volatility. Notably, the center line shows the market’s average value, while the upper and lower lines serve as moving resistance and support levels.
Notably, data from EGRAG’s monthly chart shows that XRP slipped below the lower trendline of the channel during the contagion from the Terra collapse in May 2022 and remained underneath the channel until November 2024, when the Trump-led rally pushed prices toward $2.
XRP Regression Channel | EGRAG Crypto XRP slipped into the channel in December 2024 and January 2025. However, with the retracement in February 2025 and the price struggles throughout this year, XRP has again slipped below the lower trendline, currently battling to re-enter the channel.
Three Important XRP Price Levels According to EGRAG, there are three important price targets for XRP if the crypto asset overcomes bearish pressure and pushes into the linear regression channel. Notably, each price target aligns with a level within the regression channel.
Specifically, the first price level sits around the January 2025 high of $3.4, aligning with the lower trendline. EGRAG referred to the $3.4 mark as the mean reversion, noting that if XRP ever attempts to claim this area but faces rejection, this will represent one of its strongest bearish indicators. However, if XRP closes above this region, it will have entered bullish territory.
Meanwhile, the next price level rests on $10, representing the upper midline or two standard deviations above the regression midline (+2D). EGRAG believes XRP would witness full expansion at this point. Nonetheless, he confirmed that the price level in this area typically rises due to the logarithmic nature of the chart.
Importantly, the most bullish level is around $27, which marks the top of the channel. This area represents a 1,236% increase from XRP’s current price. According to EGRAG, several long-term confluences also lead to this $27. Last month, he suggested that XRP could follow two paths from the prevailing position, but both paths would still lead to the $27 price.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Crypto markets consolidating today; Bitcoin takes a breath, LTC back up, XRP, EOS and Tezos retreating. Market Wrap Crypto markets have remained in consolidation for the past 24 hours. Very little movement has occurred on most of the majors as Bitcoin shows no direction at the moment. Total market capitalization remains around $285 billion this Wednesday morning.
Bitcoin peaked at $9,250 yesterday but failed to hold that level, sliding just below $9k three times in the past 12 hours. It did recover back above it every time though and is currently sitting at $9,150. With heavy resistance above $9.5k and a new support zone at $8.7k BTC could consolidate here for a while.
Ethereum is still stagnant, dropping back below $270 again in a downside correction. The next key support level is $260 and a fall through this could lead to larger losses for ETH. Without any clear fundamentals it is hard to see where else it can go in the short term.
Altcoin Outlook Red dominates the top ten during today’s Asian trading session. XRP could not hold on to its gains despite the big partnership announcement and has fallen back over 3 percent to $0.43. Bitcoin Cash, EOS and Stellar are shedding a similar amount as altcoins remain weak. Only Litecoin and Binance Coin are in the green, but only just as these two continue to hold strong.
The top twenty outlook is also mixed but most crypto assets remain flat for another day. Ethereum Classic and Tezos are the only two that have really moved in the past 24 hours and both are falling back. Zcash is making a comeback and is about to flip NEM for that 20th spot as ZEC grabs 8 percent on the day.
FOMO: Insight Chain Cranks The pump of the day has gone to INB which has spiked 85 percent to reach $0.34. There does not appear to be anything obvious fundamentally driving this EOS based blockchain project. Nearly all of the volume is on one exchange, Livecoin, indicating that the pump is probably manipulated.
Ardor is doing well today with a climb of 26 percent and privacy based Zcoin is third with a 16 percent gain on the day. At the red end of the top one hundred is Aurora which probably isn’t worth mentioning any more. Zilliqa and Chainlink are also dumping over 7 percent each.
Total market cap 24 hours. Coinmarketcap.com Total crypto market capitalization has not really changed much over the past day. It is back to yesterday’s level of $284 billion with a daily volume of $54 billion which has fallen significantly this week. Altcoins are still largely frozen as Bitcoin continues to dominate, still commanding over 57 percent of the market.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
With many altcoins struggling gruesomely and Bitcoin rapidly usurping almost 70% of the total crypto market cap, some crypto analysts have predicted that there will not be another altcoin season until 2020.
Today’s market, however, may be an indication that it is time for a new altcoin season.
The world’s largest cryptocurrency by market cap, Bitcoin, is recording losses of around 1 to 2% on the day with its price falling to below $10,000. Typically, a declining BTC price also means significant losses for other cryptocurrencies. However, today seems to be an exception, as many altcoin markets are moving in the opposite direction, posting 1 to 2-digit gains.
Bullish Altcoins Although major coins like Ether, XRP and LTC are being affected by the Bitcoin decline, let’s look at some of the other alternative cryptocurrencies that are performing remarkably well today.
Leading the pack is Wanchain (WAN) with a massive 72% gain against the dollar and a 75% gain against BTC on the day. At the time of writing, the coin was trading at $0.4696, with a 24-hour volume and market cap of $63,674,780 and $49,858,746, respectively.
WAN is the native currency of the Wanchain blockchain, an infrastructure that aims to connect the decentralized financial worlds with features such as cross-chain interoperability, privacy, and smart contract functionality.
Wanchain has made a lot of progress since the start of this year, and the project launched its mainnet yesterday ahead of the official activation of its Proof of Stake consensus protocol on September 3rd.
You may also like: Binance Makes a New Push to Secure EU Approval Pushing Back at Reuters: Inside Binance’s Fight for Its European Future Analyst Identifies 3 Altcoin Sectors Positioned to Survive Market Shakeout Factom (FCT), ranked #96 on CoinMarketCap, saw a 17.5% increase against the dollar and a 19.03% rise against Bitcoin. Its price is now above $4.18 for the first time in the last seven days.
Following the same bullish pattern are Zilliqa (ZIL), Siacoin (SC), ICON (ICX), Ardor (ARDR), 0x (ZRX), and Ravencoin (RVN) and others, with gains of between 7 to 17% in today’s trading session.
Although Bitcoin still comprises 68.4% of the total market cap, do these altcoins’ fresh bull runs give a glimpse of the start of a new altcoin season?
